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Topic: today is Thursday 24 may, bitcoin price back down, what happened (Read 234 times)

member
Activity: 252
Merit: 18
No one can say for sure what will happen with the bitcoin price, or the cryptomarkets in general. But we do have past three market cycles to look at for guidance, and the information that blockchain technology is not going away and there will be even more people wanting to invest during the next big market upswing - as well as a large amount of institutional money. And we know that the most robust and tested cryptocurrency is bitcoin, which has a large team of developers working on several improvements - and it’s fair to say that BTC will almost certainly again lead the next big market upswing and make a significant new ATH, before interest shifts to other big and then small altcoins which will soar before the next inevitable market crash.

Bitcoin has fallen ~ 25% from its recent high of $10K earlier this month, and is down 60% from its ATH over 6 months ago. I think we are near the bottom of the downmarket at present at $7.5K, and the price is unlikely to fall below $7K. It’s said that institutional money is looking to buy in around $8-12K, once there is clear evidence of a new significant rising market, and that once that happens the price of bitcoin will race up to $25-30K quickly over a month or two like last the speculative bull market last Oct/Nov as old and new crypto investors FOMO in. As for when that next bull run will happen, I recently posted some research on previous cycles in the years 2013-17 that showed its most likely to occur in May/June or Oct/Nov/Dec - https://bitcointalksearch.org/topic/m.33566836 . So we may see BTC start racing up to its next ATH this month, but more likely I think it will be in October this year after a 9 month bear market with prices of $7-11K. Hope that speculation is of some help.
copper member
Activity: 2940
Merit: 4101
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everyone gets very anxious about bitcoin prices down to date, some say bicoin will go down, some say, bitcoin will go up, according to you, where is the right information

Just relax and don't look the BTC price on a daily basis or you will lose your mind. See the price in the long term of 6 months to 1 year. Check out 1 year ago, 2 years ago etc, you will see there is not a reason to be worry or panic.
member
Activity: 406
Merit: 19
The fall and rising bitcoin prices will continue to happen, so what they say is true.
The main factor is the reality of supply and demand if many people do buy bitcoin then the price will rise or vice versa if many are selling bitcoin then the price will decline. According to data from blockchain, the current volume of bitcoin is small. When there was a sales transaction to buy bitcoin with large volume this will cause bitcoin price move up or down.
hero member
Activity: 2212
Merit: 670
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I'm worried about this, no serious negative news and suddenly the price continues to fall to near $ 7k based on coinmarketcap site. It seems like 1 week is not enough to fix the price to $ 8.5k
newbie
Activity: 68
Merit: 0
everyone gets very anxious about bitcoin prices down to date, some say bicoin will go down, some say, bitcoin will go up, according to you, where is the right information
this is the uniqueness of cryptocurrency, unpredictable, but the prediction for now the bitcoin will rise and fall by itself. .. so we don't know the right imformation .. we the imformation if we see the price of BTC rise again!
Your'e right sir we cannot predict the whole even if it is pump or dump the important is keep holding bitcoins and keep believing that bitcoin is profitable no matter what.
newbie
Activity: 140
Merit: 0
everyone gets very anxious about bitcoin prices down to date, some say bicoin will go down, some say, bitcoin will go up, according to you, where is the right information
this is the uniqueness of cryptocurrency, unpredictable, but the prediction for now the bitcoin will rise and fall by itself. .. so we don't know the right imformation .. we the imformation if we see the price of BTC rise again!
hero member
Activity: 1302
Merit: 540
For people who are in this market for less than 6 months, most likely now is scary. But for people who are on the market for more than one year, this is just a serious correction. Crypto currency is a long-term perspective and investment. Waiting bitcoin by the end of 2018 $ 35,000
Well for those who witness bitcoin value a year back then its just easy to say that correction still ongoing, but like what you have said those who just came around later end of last year then its really traumatic for their investment, better to keep reading more and trace those charts to understand how things go inside this market.
newbie
Activity: 193
Merit: 0
For people who are in this market for less than 6 months, most likely now is scary. But for people who are on the market for more than one year, this is just a serious correction. Crypto currency is a long-term perspective and investment. Waiting bitcoin by the end of 2018 $ 35,000
member
Activity: 215
Merit: 11
By every bitcoin pizza day the price of bitcoin used to increase, but this the the particular day passed few days back. There were nothing big on that day and just after those special days now the price has begun to fall down steep. Don't know what happens next, just having faith in its growth.
sr. member
Activity: 1470
Merit: 325
everyone gets very anxious about bitcoin prices down to date, some say bicoin will go down, some say, bitcoin will go up, according to you, where is the right information

as soon as the ponzi scheme promise "we are the currency of the future" continues to cease down,

bitcoin becomes an only risky asset, that is pushed by an online propagandistic community of bitcoin owners and bitcoin miners,

then investors that see it as a risky asset alone, which will lead to many dropping it,
newbie
Activity: 140
Merit: 0
just another crash i suppose?  Shocked


It's not a crash, but the next opportunity to buy another bitcoin at a low price before going to the top. The collapse of bitcoin will not happen, because so many people, technicians and shops use it. As well as a large number of large investors, they will not sell to themselves at a loss.
copper member
Activity: 166
Merit: 100
Today, on 24th of May, the price of Bitcoin declined. Everyone is very worried about the bitcoin that Bitcoin will disappear. There is nothing to be worried about in my opinion, be patient, the price of Bitcoin must increase. We all know that it is never worth the price of a virtual currency market, its price is up-down. So now it is going down. In my opinion, it will increase prices in June / July.
sr. member
Activity: 728
Merit: 255
You know we are in uncharted territory here today all what has happened in the past is completely irrelevant after 2017 the space has changed forever futures were not involved etc. etc. No one knows what will happen... I sure as hell hope we get another bull run though soon. Also I think maybe it rose way too fast and garnered too much attention crypto is not ready for mainstream adoption yet. Smiley
sr. member
Activity: 422
Merit: 251
I think BTC (and ALL cryto's) are going lower the next months...

There is no Hosana reason why BTC should rise soon, just don't see it.
Bitmain keeps selling there miners like toasters for prices so cheap.
People keep selling of there BTC and others to make ROI, but prices will be pushed down further.

Take in the manipulation from whales and banks (futures) and exchanges and the BTC price can only move one side.

DOWN. (below 3\4K)

Sorry to say, but I think it is getting real ugly the coming 4 months.
(And I think a lot of people keep saying it will be better, but it is not getting better for months now)
newbie
Activity: 21
Merit: 0
wait some days,
after some month later bitcoin will be rise...
~expert say
newbie
Activity: 100
Merit: 0
this is the uniqueness of cryptocurrency, unpredictable, but the prediction for now the bitcoin will fall again, then rise by itself.
copper member
Activity: 448
Merit: 0
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Let us all believe in the volatile nature of Bitcoin. and see it as normal way it should be, looking at the chart you know it bound to happen ,except if we are deceiving ourselves . Some says it all because of fake news , well fake news does make market react too but our technical analysis control it all cos it base on mathematics .

So never be surprised if you see btc @4k.
jr. member
Activity: 448
Merit: 4
That's a part of bitcoin volatility in the market,we shouldn't have a negative thinking for this happened. Instead,we should put in our minds that the current price of bitcoin is only giving an opportunity,those investors to buy more now,while the price is down and when it comes grow up again they will earn more profits.
hero member
Activity: 3080
Merit: 603
everyone gets very anxious about bitcoin prices down to date, some say bicoin will go down, some say, bitcoin will go up, according to you, where is the right information
Everyone who are giving their words and speculations about bitcoin are "opinions".

My very opinion to what happened today, there's a massive selling order that are being done by the whales. So the most affected ones are us, who are holding and hoping that bitcoin will go back to the great price that it went through last December.

Don't listen to the negative opinions and speculations about bitcoin, being optimistic is fine at this rate.
newbie
Activity: 79
Merit: 0
according to information bitcoin will rise again in 2019, and we do not worry about bitcoin whose price is currently low, tpi in 2019 will return to normal.
sr. member
Activity: 616
Merit: 269
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There is a facts that Bitcoin is very volatile so don't be surprised when it goes down again. Unfortunately this is the negative mode of bitcoin which downing movements but don't be worried because this is just a normal flow of it's movement and for sure after downfall there will we a rising up again we just need to be relax and be always active to the movements in the market.
BTC will likely find acceptance below the immediate support seen at $7,188 (78.6 percent Fibonacci retracement seen in the daily chart) and drop to the $7,000 mark in the next 24 hours.
By then, the RSI in the hourly and 4-hour chart will likely have dropped below 30.00, indicating oversold conditions, meaning BTC may defend the psychological support level of $7,000.
On the higher side, only a daily close above the 10-day MA, currently seen at $8,111, would abort the bearish view.
Only a daily close above $8,644 (May 21 high) would signal a bearish-to-bullish trend change.
BTCBTCBTC
sr. member
Activity: 546
Merit: 250
There is a facts that Bitcoin is very volatile so don't be surprised when it goes down again. Unfortunately this is the negative mode of bitcoin which downing movements but don't be worried because this is just a normal flow of it's movement and for sure after downfall there will we a rising up again we just need to be relax and be always active to the movements in the market.
member
Activity: 821
Merit: 20
SOL.BIOKRIPT.COM
everyone gets very anxious about bitcoin prices down to date, some say bicoin will go down, some say, bitcoin will go up, according to you, where is the right information
Fell free I don't know them, What was the price of Bitcoin was going to increase today.i know bitcoin price everyday down to fair in this start year.no negative feedback as the false news. Always check Twitter,facebook, YouTube,coindask and others information site about bitcoin..hope will increase soon.
newbie
Activity: 154
Merit: 0
everyone gets very anxious about bitcoin prices down to date, some say bicoin will go down, some say, bitcoin will go up, according to you, where is the right information

Mostly when the price goes down peoples are listening of negative news against bitcoin or there are many supplies of coins are still holds we need not to worry let's keep our self ready accept everything we are still lucky.
member
Activity: 350
Merit: 15
Yes, say the price and I have written before about this and happened now and this story is known to all traders in this market has happened by several times over the past 4 months
jr. member
Activity: 124
Merit: 1
everyone gets very anxious about bitcoin prices down to date, some say bicoin will go down, some say, bitcoin will go up, according to you, where is the right information
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