Topic: Whats happening to BTC ? - page 2. (Read 4291 times)
When there are not enough people spending BTC the exchange rate goes down.
It's going to go somewhat lower than the current price we see at this moment. A plateau will ensure and shortly after, the decline.
As for the week, I believe it's going to be quite interesting what happens. However, for now, the forecast is a downtrend.
As for the week, I believe it's going to be quite interesting what happens. However, for now, the forecast is a downtrend.
I agree, holidays are coming up, vacations, presents...
It's going to go somewhat lower than the current price we see at this moment. A plateau will ensure and shortly after, the decline.
As for the week, I believe it's going to be quite interesting what happens. However, for now, the forecast is a downtrend.
As for the week, I believe it's going to be quite interesting what happens. However, for now, the forecast is a downtrend.
If you think that something is 'happening' to BTC every time the price falls by 25%, then you should probably run away now.
Seriously, something would be "happening" when the price isn't either falling or rallying by 25% every couple of days. Don't stress, we're back where we were like 3 days ago. Just hold.
Seriously, something would be "happening" when the price isn't either falling or rallying by 25% every couple of days. Don't stress, we're back where we were like 3 days ago. Just hold.
Hi guys. Whats is lowering the BTC price ? 
maybe the china ?
maybe the china ?Yes and no.
#1: We've had an epic growth period, time for a correction/consolidation.
#2: This is a weekend, market is less bullish on weekends.
- Because people are doing other things
- Because banks are closed, not processing transactions - no more fiat coming in to buy, but BTC can still be easily sold = sell pressure
#3: This is a long weekend, meaning at least in the US, people will have to wait until Tuesday before banks start processing deposits/wires.
So, I think these factors combine quite nicley to explain this drop. The fact that we're still ~ 300 is actually probably a good sign, as it appears to be more of a correction than crash.
If we resume the upward trend next week, it will considerably increase my confidence of the current price levels. I, for one, while sad BTC is not $50,000 at hte moment, am happy to see the end of the exponential price gains - it makes this much more realistic and sustainable. We shall see what happens next.
Agreed, we should work to reinforce our satisfaction with not having exponential price gains. It's exciting, but unreasonable, unsustainable and a bad long term sign.
Dragons ate the panda bears.
Hi guys. Whats is lowering the BTC price ? maybe the china ?
maybe the china ?Yes and no.
#1: We've had an epic growth period, time for a correction/consolidation.
#2: This is a weekend, market is less bullish on weekends.
- Because people are doing other things
- Because banks are closed, not processing transactions - no more fiat coming in to buy, but BTC can still be easily sold = sell pressure
#3: This is a long weekend, meaning at least in the US, people will have to wait until Tuesday before banks start processing deposits/wires.
So, I think these factors combine quite nicley to explain this drop. The fact that we're still ~ 300 is actually probably a good sign, as it appears to be more of a correction than crash.
If we resume the upward trend next week, it will considerably increase my confidence of the current price levels. I, for one, while sad BTC is not $50,000 at hte moment, am happy to see the end of the exponential price gains - it makes this much more realistic and sustainable. We shall see what happens next.
Hi guys. Whats is lowering the BTC price ? maybe the china ?
maybe the china ?I think what may have happened was that pressure to sell was stronger than pressure to buy. What normally ensues in that case is a price drop.
panda bears
Hi guys. Whats is lowering the BTC price ? maybe the china ?
maybe the china ? Jump to: