Will bitcoin keep falling? - page 9.

Hillthy

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Quote from: crypto3644 on June 22, 2018, 08:09:34 AM

today June 22, 2018, the price of bitcoin again collapses dragging all the other cryptocurrencies, again we are in red, until when it will keep falling?

No, according to data analysis at 6k is conservative zone and more support at this price. yes the 6000 is the "psychological" support level. I do not believe the market will continue to slip past this price level for the general trend. I will buy at 6k for commercial. Cool

ahmad21

sr. member

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Quote from: crypto3644 on June 22, 2018, 08:09:34 AM

today June 22, 2018, the price of bitcoin again collapses dragging all the other cryptocurrencies, again we are in red, until when it will keep falling?

You never know!!

Bitcoin right now is $6k, it can go $4k, the very next moment or may rise to $10k....so in the crypto market you can never be sure of the price of the digital assets. But the market volatility is not a new phenomenon for the crypto space. This has been seen earlier too. So now people on this forum must be clear with their investment goals and try to grab more coins at this nominal price. Later when the price rises, which is expected to be seen in the future, the profits would be good. But mind me, it has to be a long term investment. So patience is all what you need to have!

bocyaj

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Quote from: crypto3644 on June 22, 2018, 08:09:34 AM

today June 22, 2018, the price of bitcoin again collapses dragging all the other cryptocurrencies, again we are in red, until when it will keep falling?

I think 6100$ will be the lowest value and the price will not reduce further.I mean it will not reduce below the 6000$ mark.To get more profit,people may like to get bitcoin at lowest price.But the raise and fall in bitcoin will not occur all the time.Based on the demand ,the price may vary.

Olano

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I think that the price of bitcoin may drop to $ 3000 for bitcoin and even less. Now investors are very skeptical about cryptocurrency. Many negative news, in particular, the hacking of crypto-exchange exchanges. This year for bitcoin is very unfortunate.

davisagughalam

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Quote from: crypto3644 on June 22, 2018, 08:09:34 AM

today June 22, 2018, the price of bitcoin again collapses dragging all the other cryptocurrencies, again we are in red, until when it will keep falling?

The 6K support looks strong and i doubt it would fall below that. If only Altcoins were not so dependent on bitcoin, maybe the pool of red wouldn't have been so much. Utility coins like privacy coins would have stood out in my opinion.

Domain_THEME

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Quote from: Mihail.B on June 22, 2018, 12:43:08 PM

bitcoin will fall until all the weak hands will not sell it. below 6 thousand is unlikely to lower the price, as many miners can switch to other coins

History has proven many times that everything we think and everything we hope can be crossed out in a few moments. Nobody knows whether bitcoin will continue to fall. If the fall continues, then it will be able to stop only at the level of 3000-4000.

ynclksnr321

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Now it's getting really boring. When it has to be fully elevated, it starts falling again. I thought that the corrections should now be over in the following periods but the decline is still ongoing. This frightens many investors, unfortunately.

SectorZero

legendary

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I think that the growth will start from August-September. I have no data, I just think. And at all judging by such minor volatility seems that here is here is growth will. I don't see the point in panic, I don't see the point in selling. Now shake out of the crypt of all who bought in December and January, and as soon as they run away in panic, we go up. Hurry up already.

Ronaldcoin2017

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Quote from: Mihail.B on June 22, 2018, 12:43:08 PM

bitcoin will fall until all the weak hands will not sell it. below 6 thousand is unlikely to lower the price, as many miners can switch to other coins

Yes I agree on that. I think we need to grab this big opportunity for us to gain a huge amount of profit in the near future. Bitcoin will not fall forever, time may comes that it will rise up high and it can really give a huge return from our investment or maybe holdings. I believe in bitcoin and it's capability to give as a huge amount of profit in the near future.

Mihail.B

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bitcoin will fall until all the weak hands will not sell it. below 6 thousand is unlikely to lower the price, as many miners can switch to other coins

darkangel11

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Don't let others control your BTC -> self custody

Quote from: BrewMaster on June 22, 2018, 10:47:04 AM

it is the altcoin dumps that is dragging bitcoin down. specially the big ones like ETH.

recently we have had a lot of drama about ICOs which is t he livelihood of ethereum. with SEC banning them and famous people like McAfee stopping to have anything to do with ICOs they are losing their hype and when that happens ETH gets dumped hard and it takes bitcoin down.

That's mostly correct, because dumps of altcoins that aren't being traded for fiat currencies and have to go through Bitcoin instead can influence its value. That said, huge altcoins like ETH are widely traded for fiat, so the influence is miniscule.
I'd say that the main factor are news and there's a rule that in a bear market the power of negative news is multiplied (it's the same with positive news in the bull market).
2 big exchanges were recently hacked, so there's enough negativity to scare people off. Also, miners are running below profitability, just like they did in 2015.

Sakura0990

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Quote from: crypto3644 on June 22, 2018, 08:09:34 AM

today June 22, 2018, the price of bitcoin again collapses dragging all the other cryptocurrencies, again we are in red, until when it will keep falling?

I think this drop will make the market quite gloomy in the future

raghovsing34

jr. member

Activity: 333

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Security and Privacy Features on the Blockchain

Maybe it will be or maybe not. Because at the moment we can see lot of negative news on social media about bitcoin and altcoins.For which many people are panic and selling their cryptocurrency . As a result, we see many dumping at Bitcoin and other cryptocurrency. So as long as we can see a good news about our cryptocurrency, maybd Bitcoin will remain in this condition.

slightmoon

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diceroll.xyz

We can not say it surely because in case the bitcoin trader are reduced,then in order to keep currency live,bitcoin will increase its rate

njnvvmjp

newbie

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Yes, now the market is very panic, I think tomorrow will fall sharply, and quickly change coins into bitcoins or USDT.

Doell

hero member

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Until a new whale is willing to pump the value well its the solution ,if you ask how long then I cannot be sure when it will come back ,had someone make a unique statement by making the bitcoin prediction will fall 6200 and its true

daoquanghuan

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Quote from: crypto3644 on June 22, 2018, 08:09:34 AM

today June 22, 2018, the price of bitcoin again collapses dragging all the other cryptocurrencies, again we are in red, until when it will keep falling?

With the current market situation, I think the bitcoin price will fall further and bring down the altcoin series down. To a price that no one wants to sell anymore, then the price goes for a while then new growth again. Those who are keeping bitcoin also do not panic, I believe the bitcoin price will rise sharply in the future.

Argoo

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Quote from: crypto3644 on June 22, 2018, 08:09:34 AM

today June 22, 2018, the price of bitcoin again collapses dragging all the other cryptocurrencies, again we are in red, until when it will keep falling?

I think that there is nothing to worry about yet. The current drop of bitcoin is attributed to the recent breaking of the South Korean exchange Bithumb, where more than $ 30 million of crypto currency was stolen. If this is so, then this fall is temporary. The market is usually recovered after about a week. Ethereum now generally dropped less than $ 500. Such a low price ethereum has not had a long time. Everything is now cheap, it can be a good chance to buy.

iagyei259

jr. member

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Though the price of bitcoin has fall sharply but it don't mean it will continue to fall. It will bounce back to 6700 again by next week.

BrewMaster

legendary

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There is trouble abrewing

it is the altcoin dumps that is dragging bitcoin down. specially the big ones like ETH.

recently we have had a lot of drama about ICOs which is t he livelihood of ethereum. with SEC banning them and famous people like McAfee stopping to have anything to do with ICOs they are losing their hype and when that happens ETH gets dumped hard and it takes bitcoin down.

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