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Topic: Why again the prices were falling? - page 3. (Read 661 times)

member
Activity: 304
Merit: 10
0x1b2d294ab6ca449e34F946B86540cd342cF49100
August 07, 2018, 01:38:19 AM
#56
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?
In this situation there's no new all are normal as before. There's so many things why bitcoin is dropping again and of the reason is manipulation and bad news recently. And I hope we surpassed this kind of situation.
full member
Activity: 980
Merit: 114
August 07, 2018, 01:23:03 AM
#55
Bitcoin price is falling and that is why altcoins are also getting dump.  I think the demand for bitcoin is getting low daily and this is because of the sentimental issues. The supplies is also not helping matter because of the activities of whales .
jr. member
Activity: 126
Merit: 3
August 06, 2018, 11:54:05 PM
#54
People got fomo from the recent ETF news and it was now gone due to some updates about it, you should buy the bottom last time don't get too excited about the hype and fomo as you should always position yourself from the bear market and decrease situations, now it comes back and forth from $6.9k and 7k prices as the price should be before the ETF hype.

Yeah that's a good point. There tends to be a bit of over-excitement about these things when it's least expected. And then we see absolutely no market reaction to other positive news, like the plans of Starbucks to start using crypto for themselves. It's very hard to predict anything with Bitcoin these days, and I'd just stop trying. The 6900 level is a pretty strong support technically, and that's about the only thing we know for sure at the moment. Maybe it'll hang out there for a few more days and then bounce up. Or not. We can't know until it happens.
sr. member
Activity: 774
Merit: 250
August 06, 2018, 05:29:58 PM
#53
Now the prices fluctuating at the normal rate under 5% for a while so which is the actual price? So I made the mistake at the high prices that the actual one but I am just waiting for the upcoming ETF results maybe we can see another bump. Smiley
There are so many manipulation of the price in the market. Maybe there is a changes happen once the Etf results is good. Prices usually falling and up so expect this is occur always.
legendary
Activity: 2730
Merit: 1288
August 06, 2018, 01:22:40 PM
#52
People got fomo from the recent ETF news and it was now gone due to some updates about it, you should buy the bottom last time don't get too excited about the hype and fomo as you should always position yourself from the bear market and decrease situations, now it comes back and forth from $6.9k and 7k prices as the price should be before the ETF hype.

Question is when bottom?  Some says it already happened few weeks ago. Some says it will only happen a year from now. I say that i smell it.. It is close now.
full member
Activity: 378
Merit: 101
August 06, 2018, 01:17:10 PM
#51
People got fomo from the recent ETF news and it was now gone due to some updates about it, you should buy the bottom last time don't get too excited about the hype and fomo as you should always position yourself from the bear market and decrease situations, now it comes back and forth from $6.9k and 7k prices as the price should be before the ETF hype.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
August 06, 2018, 12:45:15 PM
#50
Now the prices fluctuating at the normal rate under 5% for a while so which is the actual price? So I made the mistake at the high prices that the actual one but I am just waiting for the upcoming ETF results maybe we can see another bump. Smiley
jr. member
Activity: 76
Merit: 1
August 06, 2018, 01:40:07 AM
#49
I think this is a difficult year for cryptocurrency. we know that the price is really very far compared to 2017. well, even the assets that I hold also have a drastic decline, even more than 50%. well, so many causes of this happen, I just hope that this year will make crypto prices rise again.
It's been a rough year, but we still have chance to recover. Many ICO been releases that it makes investing, altcoins prices been too hard to managed and distinguished. Just secure some to spend for living. And pray for bitcoin recovery.
Yes currently its look that 2018 is not a good year in favour of bitcoin, but still 6 months are remaining in the 2018 and I think that it is a big time for bitcoin any thing can happen is next 6 months. I am hopeful that next 6 months will be a very good time for bitcoin and bitcoin price will hopefully come back to its previous high price.
full member
Activity: 378
Merit: 100
August 05, 2018, 12:28:00 PM
#48
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?

Maybe the price corrections are not complete, cause I thought the bull run has started as at a 2 weeks ago, but now, its on a struggle with the deep again. There is still time for the rise to take place, cause anything is possible with bitcoin in less than a month. Let's wait for it.

In my own opinion, the status of the market today is not running a bullish statistics because the price is starting to grow again and it stops at $8.5k then go down at $7k again which is a sign of a normal volatile market.
member
Activity: 490
Merit: 28
August 05, 2018, 09:36:39 AM
#47
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?

I am not sure about the decline that happened again after bitcoin grew fast. but the fact that crypto observers say the market will take a long time to grow and stabilize, so it's likely that this year the pattern of decline will tend to dominate it.

Bitcoin price will always dictated by the law of supply and demand the price suddenly dropped are the indications that the supply  becomes abundant of course the price will  drop but  the reason is maybe of some bad issues, as what been observed its either due to some hacking of some trading site or some government issues , the most important thing is to secure the system against hacker to boasts the confident of the investors.
full member
Activity: 625
Merit: 100
August 05, 2018, 09:24:25 AM
#46
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?

Maybe the price corrections are not complete, cause I thought the bull run has started as at a 2 weeks ago, but now, its on a struggle with the deep again. There is still time for the rise to take place, cause anything is possible with bitcoin in less than a month. Let's wait for it.
full member
Activity: 532
Merit: 170
August 05, 2018, 08:34:32 AM
#45
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?

I am not sure about the decline that happened again after bitcoin grew fast. but the fact that crypto observers say the market will take a long time to grow and stabilize, so it's likely that this year the pattern of decline will tend to dominate it.
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
August 05, 2018, 08:29:04 AM
#44
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?
Its okay because this is only just a healthy correction and this test between support and resistance will make a huge difference in price that can reverse or back in the current market trend. I was not that so worried on before it goes up higher than 7k i already know it will go back to this point of dumping. Not a different situation but i'm hoping 6,800 will not broke down.
STT
legendary
Activity: 4102
Merit: 1454
August 05, 2018, 08:23:19 AM
#43
Its normal for markets to vary and Bitcoin is especially variable, right now its in a negative phase short term and overall I would say its in a period of consolidation where its trying to shake out as many sellers as possible, weak hands as they say.

All markets try to get rid of holders who have no use for the underlying commodity or currency, a bad price is presented and some will choose to sell.  That continues until supply is exhausted at whatever price, the sellers are labeling that market as too expensive ironically.  When no sellers remain, it can rise and I dont know where that point is exactly but it relys on demand exceeding supply to ignite that trend


The worst sellers will be those who borrow to hold BTC, they cannot afford to hold or take this risk of lower prices.  We probably still have those in the population, dont even consider going into debt to buy Bitcoin as the whole economy is structured to avoid the FIAT system of continual borrowing imo
hero member
Activity: 3080
Merit: 603
August 05, 2018, 08:01:27 AM
#42
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?
At what price you bought bitcoin? don't worry if the price is still dipping, it's either you hold or sell.

But I recommend that don't look at the prices for now because it will give you some doubts and worry.

Prices are normally fluctuating so yes if it rapidly goes down, it's normal and it rapidly goes up still normal.
legendary
Activity: 1877
Merit: 1396
The Last Cryptocoin Burner
August 05, 2018, 07:17:56 AM
#41
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?
manipulator is trying to convince you that price is rising by some steep rises, because you and alot of people easily believes with that moves he do this every motnh even though we try to tell whats going on.Your answer is he realising profit from btcs that have sold to you. You collected btcs that he sold and now he sells them to others who believes price will going to rise. He will go as deep as he can so that people will be convinced that price is now falling so its time for btc collecting for him.Then he is going to sell that btcs when people convinced to a rising. Because everytime this tactic works and people like you convincable easily this will continue to judgement day.
You may change your line by listening true people but how you gonna find them ?
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
August 05, 2018, 02:47:46 AM
#40
It's a downtrend for Bitcoin like many people speculating Bitcoin would be rise up after had been dumped for long time. Yet, bad news always continuing against Bitcoin like exchanges getting hacked and such that makes the price of Bitcoin become lower. I hope we would see something bigger at the end of 2018.
member
Activity: 287
Merit: 10
August 05, 2018, 01:37:23 AM
#39
As the price started climbing to 8000$ many investors would have rushed back to purchase thinking it will be heading to 10,000 and over. But the declined of the price made traders panic and start to sell to incur small loss.
legendary
Activity: 3472
Merit: 10611
August 04, 2018, 11:46:11 PM
#38
I think the big reason that I see why the price still falling its because of continues panic selling after the twice rejection of Bitcoin ETF and remember the price was increased from $6k value to $8 it's because of the bitcoin ETF and now, to those who invested on bitcoin when the price at the $8k value are starting to cut their losses before the price fall back to $6k this is why the price still fall.

The other reason I think is the price correction according to the news but I don't really think this is the main reason but for me the real reason behind the price drop is bitcoin ETF rejection.
Agree that panic sellers help to increase the dropping percentage of the value of bitcoin only few people are helping to increase the demand that is why we experiencing the falling of bitcoin value again. Hoping that panic people will learn how to be patience specially for those investors who are having small amount of bitcoin hold learn how to wait to earn not to loss.

Panic sellers is one of the biggest contributor for the price to dump because they are not well knowledgeable about how the market works and that is the reason they lose their investments.

but was it really panic sellers this time? it doesn't look like it to me to be honest. usually when we talk about panic sellers the hourly charts look different. it starts with a big dump then followed by the drop which takes longer than this. right now the charts look like only 2 big red bars decreased the price from $8k to $6.9k in two steps! which is more like somebody dumped into the market.
legendary
Activity: 2058
Merit: 1015
August 04, 2018, 07:10:14 PM
#37
Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?
You just said it, "it's normal". Also, there's nothing to worry about. Why worried if you believe that btc will have a bull run soon. You bought when the price is bump? It's actually your fault, you don't know the right timing. Again, there's nothing to worry, you won't lost any as long as you won't sell. Just hold it and wait for rise.
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