Bitcoin Forum

Is there something big going on? I'm asking because if it's just a hype thing (like the Mike Hearn thing) this would be a good time to buy. Otherwise I don't know

These drops are normal and happen quite often lately. Don't pay too much attention to them. If you want to buy yourself some Bitcoins then right now is a good moment. Tomorrow or the day after that the price will go back to around $400 again.

+1. Price falling pretty much all the time now. Just ignore it and hodl.

I'll say it once more...
Broken fundamentals and stagnated development.

Broken fundamentals aren't bad if there are people willing to resolve it.
Right now that last part is totally missing within the whole of the bit coin community.


Sure, go ahead and tell everyone it will be fixed when it needs to be. I've debunked that argument over and over. The time to fix what's broken with bitcoin is yesterday rather than today or tomorrow.

I have been familiar with bitcoin with all these ups and downs,

If the price doesn't change for a while then I'm surprised :P

I'm just surprised about the DOGE altcoin which increased dramatically these days after few months dying.

For i think it just a effect of the market if less buyer and more seller the price will should be decrease but if more buyers and less seller the price should be increase. I just heard it before here in speculation. honestly i dont know why the price is going dump again...

AFAIK there isn't any thing going at the moment that affected this dump so most likely just sellers of BTCitcoin behind this as it's still within the range of normal inflation rate (10 to 15%) since it has been 16% difference for today from highest to lowest, so nothing to panic about and this could continue (the up and down of BTCitcoin worth) for the next 2 weeks before it settles in a smaller range of inflation.

Do you question and wonder what is going on when we rise $10-$20? It is forever doing it. There is no news that I am aware of that is to blame for this recent couple of dollar drop. I don't actually don't care either. I will be waiting to buy more as I don't think this is the time currently.

I think this will be the lowest point of the year, and we can even continue for a couple more months even. Then the price will start to rise, we'll definitely close the year around $500-600 if not more. Every year seems the same with Bitcoin, there are a lot of pumps, dumps and bumps hehe but at the end Bitcoin always grow compared the previous year, that's all we need to know. Just buy when you feel you have a good window and hold, Bitcoin it's still only a long term investment.

come on $10, is not something that i would call a drop, you are aware about the definition of swings?

a drop is more like 30% of the value, not even 10% is a drop for me

possibly because people are getting in on some good stock deals, lots are down 10-20% even from just a few months ago, netflix, FB, F, etc

Price of bitcoin has high volatility. And major market affects on it. We can see for past examples, when market is boom price of bitcoin goes up and when market collapse it goes down.

Since from origin of bitcoin it gains tremendous value in 2013 it was at $1150. But later on it start to use globally for trading. And reach to $230. Again it booms to $500 and now its at $400.

previously 88 times it was announced that bitcoin is die. And Marks statement is 89th.

Those stocks are starting to bounce so all the investors who were waiting for confirmation of the bottom will be buying back in. Those who sold high could be dumping Bitcoins to invest back into in stocks as they can now buy low. The money in stocks is so massive a small proportion of its investors dabbling in Bitcoin could swing the market.

A drop like this is usually a pretty good entry point if there is no indication of the price dropping lower.

You just saved yourself 10 usd for not buying just before the drop, lucky you!

I think its because of market trends.

I couldn't say better. I hope that someday puppets developpers will understand that what they're doing is killing Bitcoin's spirit and health...

No. I mean broken fundamentals and stagnated development can obviously cause value to drop, but fluctuations are normal and if you look at the price of BTC over a 12 month period, a much more logical explanation is that it hit a bubble where speculation drove the price up - either speculation on bitcoin continuing to go up or speculation that a fiat currency might be in trouble.

I suspect the latter, and the fiat currency I think some speculators thought might be in trouble is the Chinese Yuan.

I think the bubble that started a few months ago was caused by increased Chinese demand hedging against their currency, which of course drove the price up for everyone regardless of their currency.

I think the current fluctuations are the value trying to find the balance of where it should be.

I might be wrong but that's what I suspect.

Other than Hearn I haven't personally heard of anyone claiming they are dumping because of broken fundamentals or stagnated development, and Hearn has a conflicting interest.

What are these broken fundamentals and stagnated development you talk about? Really many of us don't understand all this mumbo jumbo. The only thing I see that Bitcoin hasn't done in all of its years of existence is to create an actual demand for it to be used. On top of that, usability is not its strongest point either...

How can you convince anyone to actual buy Bitcoin? Why? What for? Really that's the main issue, why the average Joe needs it?

Not like there's have to be anything relevant for the price to move, but there could be several reasons why it's happening;

-Waters still stirred due to M.H (imho largely overrated)
-Russia's ban on bitcoin , enforced in the form of Russian ISP's blocking bitcoin related sites, exchanges and so on..
-Still uncertain stance of China in the case of bitcoin's legality (and since they're closely related to Russia, things could get ugly)
-EU Parliament held hearing on possible crypto currencies regulation

... more to come

Mike Hearn has nothing to do with the price.  :D

Great post.

I'm long bitcoin and holding, the drops seem to be orchestrated to me as the price gets dumped in quick fashion and then somebody comes in a hoovers up all the panic-sold coins. It is clearly done to play on peoples fears after the recent events. If it were real panic then you would not see these big dumps, rather a slow and steady drip feed into the market.

I mean really, if you were a whale would you want to drive the price so low that you actually lose money?

In a perfect world Bitcoin would be easier to use, have a better reputation, replace banks, is risk-free to hold. It has achieved none of that and it's ok.

BUT -there comes a point when it has to be decided if it should be open to a mass market, meaning that it would be possible to use for millions of people IF they decided to use it. Bitcoin is not in a crisis but I think it has lost a bit of an opportunity to prepare for a much wider audience in allowing it to scale. If this could happen (and it should sooner rather than late imo) BTC price would shoot up to the sky in summer together with halving and the media hype that can be expected to go along with it. As it looks right now, however, all we can hope for is halving and I expect apart from (mass) psychological reasons an actual effect would not kick in before at least the end of 2016.

I don't know which way is technically feasible but doing nothing is not enough if you want BTC to be the future currency. Centralization is becoming a big issue particularly in respect on who gets to decide if BTC will only be for a small elite or a payment system for the masses. If fees become too high I see actual potential for alternative currencies to take BTC's job but I wouldn't hold my breath for "moon" prices in the near future.

My predictions:

A-Everything stays as is, BTC may stagnate, even go lower, but will slowly go up until the end of the year. Realistically, maybe to $600 by December, more upside in 2017.

B-Scalability will be solved in a way everyone can live with, a buy signal is sent to market, media hype will set in twice. Huge upside potential to ATH, maybe even 2-3k by the end of 2016.

So, no panic. But no revolutionary price increase for 2016 either.

The bitcoin is very unstable that's the problem of the bitcoin.
I think the unstable bitcoin turns into a bitcoin that will be very stable on a high amount.

I guess because so many people have bitcoin bitcoin selling them at low prices so as to make the price of bitcoin be dropped quickly

Trend is up after long time! Don't worry at all.
Watch bitcoinwisdom, buy a beer and try to relax..

that's why too many people interested to invest in bitcoin and if bitcoin price stable i think investor not want to invest their money in bitcoin. so you must enjoy every moment when price up and price coming down.

The bitcoin price is dropping probably because there has been created a new debate about bitcoin core classic which confuses the miners a bit to move or not.

If you're in for the long haul it shouldn't matter you what the price is doing at the moment.Hodlers should as you said just relax and sit it out.There will always be booms and busts, up and downs.This is how the market works.As long as you believe that over a longer period of time Bitcoin will be sucessful and therefore rise in value there should be nothing to be worried about.But very often people become greedy and therefore are overinvested. And then in situations like the actual one plus the new blocksize debate and the classic attempt of a fork, some people get scared, start to panic and are doing silly and dumb things with their coins.

nah. i think all this is done purely to put some pressure on the bitcoin core devs to step up their game and release the update the majority of the community is waiting for. people are tired of this endless drama about the alternatives that look out to be used as main client. most of the chinese miners are standing firm behind bitcoin core. says enough....

Question is how will you used this situation in your own good?
Will you start panic or be calm and hold, and you will be awarded..

i don't see such a drop, remember few months ago when we was in 220 /250$? what i see is a "stable" price for bitcoin (10-15 $ it's not a problem imo for bitcoin price to get panic)

Very simple. Buy or trade. When I see the price is dropping and other people are panic selling, that's when I start to get excited. It allows me to do some very profitable day trading. Volatility is good.

people are not panic to sell bitcoins for now, thus the bitcoin price is stable. meaning your logic at this moment is invalid.
back when the Mike left from the bitcoin development, it affected the bitcoin price by range decrease of ~$50. numbers of people gone jelly on losses. :(

Its now good to buy you mean. If the price is now dropping then the chance is higher that it is worth more later.
So you should just see their advantage reduced the price.

sometimes it's hype thing like you say, a massive panic when everyone starts to sell their coins, sometimes it's because person who have a lot of coins decides to sell them, that drops price too, and of course dumps, also there might be just random days when price falls by couple of $

BTC is strong even it is resisting certain circumstances in the market.

An increase leads to more people buying, a decrease leads to more people selling. So whatever happens, it gives itself positive feedback to accelerate the process.
Speculation and normal variation. Nobody knows what the future will bring, as with any investment/gamble/buy.

Yeah bitcoin had crossed various critical situations. Resisting the market situation is not a big deal for Bitcoin. Everyday the fluctuations in price is also considered panicking which is regularly resisted by bitcoins growth.

recent price fall was yes, because of Mike and his dumb words, he created a panic, so price fell really fast and really low, and of course it would be awesome time to buy since price is high right now, just you would take risk if price would fall to 140$ or less, since bitcoin could die

The last 2 events were caused by Mike Hearn and coinbase CEO's but the other decline had no reason as to why it was falling.
I guess it is manipulated speculation. In the world of bitcon this is perfectly normal.

If the block size does not increase, bitcoin is useless for daily transaction.

I guess because so many people are selling bitcoin they have a low price, thus making the price of bitcoin very quickly down to a low price, and I hope halted at this time it will not happen

People are dumping so that they can buy more bitcoin but you will see in the coming months bitcoin prices will be high.

Well people seem to be selling it and the prices fluctuating as always so I don't think that's a really bad thing though it surely doesn't let us make a lot of money

 I believe that everyone should hold their bitcoins right now as the price is going to rise in the future

Now that the price of ETH is dropping slightly I think that bitcoin users are moving back to bitcoin and as I see from the charts bitcoin price is being increased a little bit every day.

I really dont get why everyones into the eth alt coin.

How does the price of ETH effect bitcoin though.. please enlighten me.

Don't you need to make a higher profit, i have seen people that make more than 500%+ from trading eth to bitcoin and so on, i just think that it affected a bit the bitcoin market. You can read the news too. But the price of ETH has dropped recently.

Bitcoin is the base currency  in the digital world. People use bitcoin to buy Ethereum. So the price of bitcoin will drop.

It used to be the case that, in order to buy (and sell) ETH, you needed to trade BTC for it - which would obviously have an affect on the price of BTC. That's no longer the case - exchanges are increasingly opening up ETH to be traded with USD - Poloniex, Kraken and Bitfinex all provide ETH/USD trading now - so ETH's impact on BTC has diminished.

For many ETH might look promising as it's quite new. Some believe it could change uᴉoɔʇᴉq in a long term, thats why more and more are changing sides from BTC to ETH.
For the past week, youtube was filled with videos made about ETH a the potential threat for the existance of uᴉoɔʇᴉq. But lets be realistic. There were more analogues of BTC over time, none of them could possibly move BTC out of a leader position. I don't think ETH could possibly do anything more than others could.

I haven't experienced a great fall in price after it crossed $400 barrier. Now and then price is increasing and decreasing to a very low price. So by the coming days the price may go up as it has been staying round $415 for a long time.

This thread was made during the hearn drama and cryptsy that makes the price drop, those two events also are the reason why the price dropped to up to $360+ that month.. But as we see it now, it bounced back after 2 months, and now moving only at around $400... So I guess the effect of those two are almost gone now...

Since that time we had major bitcoin conference with Chinese miners and bitcoin developers and isn't consensus of 2MB block and fix for other problems pretty much sure at this point?
For now the only event on a horizon which can mess up bitcoin price is The Halving.

Now people are selling their bitcoin just because they have not experienced a good increase in price in the recent days. Only bitcoin had given small fluctuations with small increase and needs to wait long to get good profit.

They are just panicking with the current situation,well its a good buy now if the price is dropping low so that we can gain more profit after a week or month.

And is the price dropping?

Your thought is correct, there are big whale in the world of bitcoin who whenever decide can easily change the tragedy by throwing a pile in the market, they sell not a big amount they have but only low down the price and then buy more than they sold.

At present, or for the last 3 months, the price is not dropping. It is quite stable between $360 to $460.

The $400 price level has been holding its position strongly lately. I think it's mainly the block halving that makes people hope for a rising price, and that may be the reason it didn't go below $400 again so far. I hope we'll have this same sort of stability when we are above the $500 price level. That would be great!

I dont see why people get involved with alt coins when a major alt exchange is been displaced. After seeing that kind of experience, would forever get me out of the whole alt coin scene.

'coz you weren't around for Goxxening 1.0 :)

When MtGox went belly-up, I had the same reaction, "Why do people get involved with BITCOINS when the major bitcoin exchange goes bankcrupt?" It's a good thing it did not forever get me out of the whole BITCOIN scene.

Price continues to grow, just for few weeks the price has been stagnant. This could continue to increase within weeks or at the time of halving.

Price may become more volatile during or after halving. I was expecting price to fluctuate before 2 3 months of halving but it isn't doing so. I am also quite suprised about why price is still stable.

Right now we are still more than 3 months away from the halving. I expect the volatility to start taking off once we are just a few weeks away from the block halving this year.

Price starts increasing few days before halving or may be sometimes it fluctuates and goes to high value only at the time of halving.

The price should reach between $450 to $600 before the halving. It will rise soon after the halving.

This current causes the price go down probably due to the sale of bitcoin massive and bitcoin vying to sell at low prices, thus causing prices fell rapidly. but the current price is still stable.

Price is stable at about 420 Dollars, the reason being people not sure what going to happen in Halving. So people not selling much and not buying much, so thats keeping the price stable.

I will still buy some bitcoin and hold some for the long term. I might trade some in the mean time to make some profit.

The price is not dropping now as you can see, the value of Bitcoin is not dropping and that is because it keeps now stable for a long time and that is not that best.
The halving will also come and that the most people are hoping that the value will rise in the halving but you never know what can happen.

of course the current price does not go down, because the OP asked three months ago when the price under $400 and very much to the current situation. bitcoin prices are very stable and also rising slowly.

The price is now on this time not dropping, as you can see now you see that the value is not rising and also not dropping and that is because the value keeps stable for a long time.
The most people are hoping that the value will be more in the future so they can sell it soon and that would be nice.

The price of the bitcoin is rising slowly to the over $460 level. it might drop below it in the short term, but in the medium term, it will go up.

You are right. The price of bitcoin just dropped below $460 to $440, then it bounced back to $455 now.

The price seems to be falling but actually it is not so it is stable for a short time, I think the price of bitcoin won't drop instead it will be stable for some time period and starts to increase continually.

This is one of the periods where Bitcoin will be stable for a little while, there isn't a lot of movement up or down at the $450 range and chances are it will remain close to this value for a fairly long time.

The halving might have an effect on the value, we'll see.

$450 is the centre of the trading range at the moment. It has risen from the $350 range a few months ago.

At the moment the price is not dropping but rising and it continues to rise. We are going to reach 500 dollar soon maybe this or next month.
I am excited because I have been waiting to sell some coins.

hopefully no matter who makes the price of bitcoin be dropping like bitcoin sales at cheap prices massively. it can make bitcoin prices fall.

The price is not dropping now and that is because it was already stable for a long time and now it will be the time that it will rise and that would be perfect for the people that is already using Bitcoin.
The halving is also coming so that is nice and maybe we can sell it this year with profit.

The price isn't rising since it touched $500 back in November last year.

The price is just moving between the well known price levels for quite some months without anything special happening.

The price will rise when the block size is increased to 2MB or more. If there is no increase, it will drop again.

That's not true. Block size is not at all an issue in recent days fall in price. Huge volume of accumulation has happened in few hands. When it gets released a huge pump in price will be experienced.

The price is not dropping now and that is because it was stable for a long time and have to change soon because many people are waiting for a price increase.
But the price increase will come soon and that would be nice for the most people with Bitcoin.

These price drops happen more often, suddenly the price is going plus twenty Dollars. The next day the price can go down with twenty Dollars that is just how it normally goes nothing to special.

i also think the price will go up when 2mb blocks are implenented, but the only question is, how long will the impact of the block size increase remain visible?

It could be (to some degree) an effect of DAO crowdfunding. They're the most successful campaign (https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects) in the history with over $164m raised so far.

They only accept ETH, so I reckon there must have been lots of people who dumped BTC for ETH in order to buy in to DAO. ETH price going up seems to confirm this.

Other factor could be disagreements within Core devs/Blockstream team (G. Maxwell calling Adam Back/Luke Jr dipshits etc).

The price is not reducing now and the best thing that you can do now with Bitcoin is to wait for a higher value and that can be nice.
But the bad thing is that you need some profit and that is perfect for the people with Bitcoin.

I hold most of the coins at the moment. I think the price could rise to $800 to $1000 later this year.

There are allot of people who are just holding their coins and dont do anything with them so thats why the price is dropping that much because no one is using the coin right now. Off course this means not for everyone but there are allot of.

The price is not dropping at the moment but rising and it is currently on its way to hit $500. It can be true that the price has dropt a bit i the process but I am sure that it is going rise short after that again.

That is right. The price hit $500 two days ago. It is around $520 now. It might be $550 in early June.

It touched $550 yesterday already for a moment. Now it's about $20 under the peak. I'm guessing $600 in July now. But that's just speculation of course :)

The price is not dropping now and it needs also a longer time to rise so it have to be more worth also and that would be nice if that is possible.
But the halving is also coming and the most are hoping/thinking that the value will rise soon so they can also sell it with a lot of profit.

It will touch $600 before July now and I am sure price will be around $800 at the time of halving, so I am holding my coins now and will sell only at halving.

I am not sure the price will be around $800 at the time of halving. I expect it to be around $550 at the time.

$550 will be achieved in next month, Price is moving up like anything, and if everything goes fine we may see this price even in next week.

Please explain me what is that all about this halving story?!
Why should the price going up for this event?
A lot idiotic question sorry about that.
But we can all learn  new stuff by asking

Every 10 minutes (on average) a batch of transactions is processed by a miner and a block is added to the blockchain, than that miner gets a reward for it.

Originally this reward was 50 bitcoin, but in 2012 it halved to 25 bitcoin and in july this will half again to 12.5 bitcoin.

This means that every 10 minutes there will be less new bitcoins generated than before, which means there will be less inflation, and miners will make less bitcoin.

Since miners are one of the main sources of bitcoin (they usually sell much more than they buy) this means that supply will decrease in the long run (it might not decrease in the short run, because people may have been hoarding coins to sell later), and a decreased supply, assuming equal demand, means higher prices.

On top of that the miners will try to drive the price upwards because they would like to still have a roughly equal amount of profit for their bitcoins in terms of dollars. Since they get half the bitcoin now, they'd need the price to double to remain equally profitable.

That's why many people expect the price to rise.

And that expectation is probably right too, because after the halving in late 2012 we all know that the bubble of 2013 took place, where the price rose from $12 to $1244 because there were 2 bubbles in 2013 both of which increased the price 10-fold.

Loyce how doed the price affect u. U can't even boast of 3$ worth of btc. Sorry I forgot u depend on giveaways and to tips sobu might have it. BTW where are you, I wanna fly over and come beat u up

I think it is just the normal correction after the recent big price rise. If the price drop below $500, I might be worried.

Yes. The bitcoin price is still quite volatile. It is much less volatile than a few years ago. 5% a day is normal.

The price of the bitcoin just rose 70 dollars in the last 24 hours. It is still very volatile after so many years.

The price is still very volatile. It dropped to $630 from $780 again. it will take many years to be stable.

Correct. this volatility is something that will follow bitcoin for many years to come. You should no be afraid, it's just something that you get used to.
There was a time for up 9 months, and now the time for down is coming.

As you can see the price of the bitcoin is not dropping and that will not happen till the end of this year. Maybe after a big rais there will come a sudden drop offcourse.

|I dont think you can see the price dropping because the last view days he only was rising so i dont think you saw him dropping only at the end of 2016 the price of the bitcoin will drop a little.

Listen, price drop is not a bad thing. This is the natural behavior of every market! Small price decline is only short stop before huge price rise which is expected after the halving.
That's being said - don't waver and sell your coins now, it is totally not worth it! Hold you trading funds for the second half of the year.

The price of the bitcoin is noit dropping as you can see. So i dont think that is the biggest problem you have you need to go to an optician before you are trowing out this kind of bullshit.

It has somehow recovered from the recent dump. I dropped to 600$ and recovered to 650$ at the moment. It may be a bear trap tho, I wouldn't get in from this price point. I think we are still in a dumping phase.

It seems the bitcoin price is in the consolidation phase. After a few months of consolidation, the price will rise further.

Yeah price may fall in coming days to, and its really difficult to understand the price movement in bitcoin as nothing is fixed and can be changed in few minutes.

i think you are actually right, there is still nothingto worry about at the moment in my opinion because those are just small price fluctuations that are happening right now

i think the price is dropping a little bit just because people are selling some of their coins after a massive pump that recently happened and its not a bad thing i think

The price is trading between $600 to 700 at the moment. That is very similar to what was happening 4 months ago.

panic sell, is the main factor that keeps the price of bitcoin be dropped. well, perhaps because so much news that the price of bitcoin in manipulation, or very many people who want to sell bitcoin at a great price, so they sell their bitcoin before his prices down, and in the end it makes the price of bitcoin be dropped

Lol wow! Look how long this jerkoff has been trolling with his bitcoin FUD. Why are you here kwukduck? Just leave. What a waste of space.

We do see panic selling in the market, but the current grinding of price is more due to profit booking.
Bitcoin has risen significantly in the run up to the halving.

Current drop, I think people (whales) are cashing out the nice profit they have made. There is a larger dump to be expected when the halving is due.
I did that 3 days ago.

Yeah, I think that some whales are currently cashing out their profits as well, because they probably think that the support is not strong enough to back the BTC price after halving.

Personally though I think that price is going to stabilize after halving, and then slowly climb up again.

The halving is a known event for several years. The price already reflected the halving. So the price is normal.

The price had only a mall dropp.

Probably a massive dumping because of some people panicking or wanting to create a panick drop that's all don't worry ;)

The price drop is very normal for the bitcoin. It is quite volatile. 10% price volatility within a week is very normal.

These price fluctuations doesn't matter much and drops were normal in bitcoin,we have to worry if people start to dump their coins then we will see drop that really affects the price.

That is right. There is sign for the big price drop. That is the normal profit taking or the correction.

I noticed the slight price drop of the bitcoin. That could be  due to the fact that people are using the bitcoin to buy Ethereum.

as people were aspecting that the price of bitcoin will drop after halving and may be trade in 200$ after halving. but you can see that the price of bitcoin is pretty much stable and is increasing slowly . i think the reason is that people do not sell their bitcoin after halving and most of the people are still holding it for the price increase which is expected in next some months.

People were waiting for the halving pump to reach the peak, once it was clear that price is unlikely to stay above $700, they started to sell. No surprise here. It could still go up in the longer run due to lower selling pressure from the miners.


Expected by whom? Increase due to what?

That could be right. The trading volume is the Ethereum (ETH+ETC) is more than the bitcoin at the moment.

Some investors bought a lot Ethereum with bitcoin, and the bitcoin was hacked. Are the buyers bitcoin hacker?

There is no conclusive evidence for that. But it seems likely that the Bitfinex hacker will be caught.

If the US police or the FBI is involved, it is very possible the hacker will be caught, like they did to the silkroad.

But even in the case of Silkroad, a few law enforcers are doing things illegally, they are the criminals themselves.

Where are you guys seeing price being dropped???
I don't see it dropping??? It already dropped and it is stable between $570 - $600...
People bumping this thread are actually showing support to such misleading statement...

Bitcoin is being traded heavily everyday and it is normal to see few dollars change upwards or downwards as naturally should happen. This is neither increase nor decrease or drop as people get worried. Bitcoin has very stable price at the moment and don't seem there will be some drop in near future though we can predict anything how market will behave in coming days.

Do you not see that last month's increase above bitcoin $ 700 and after going bitfinex the price slowly hacked down and finally now stable price $ 600-570. So this is something price drop, they do not support but I see them give a statement on what they know

It was a little phase when bitfinex was hacked and bitcoin price fall because of panic selling. Since then bitcoin is back on the track . Also i think people are investing is Alt coins which is causing bitcoin price not to rise very high.

when people are just investing into alt coin there's nothing to do with the current bitcoin price,those people who investing in altcoin is just a little part of bitcoiners and the market won't affected so much,and also almost all of alt consider bitcoin as their base currency

It all depends where you bought. If someone bought around the peak of the price this year, the price of Bitcoin is dropping for him. Bit, I agree that in long run we are in the rising trend. Only by comparing to where we were summer last year we made already an amazing progress.

the problem with a lot people here is that they only look at short term charts. there looking, these people think the price is going downwards. if they ever take the effort to open charts longer than just 1 or 2 months, then they will indeed see an impressive rush to where we are now. and looking at that, it makes me happy as it can be seen as quite an achievement.

For the people who are waiting since the 2013 rise it will be a long waiting time, although I am certain in time the price will  get high, but when you compare the price to 1 month back it's sad to see the hack did bring it so low. Even lower after this weekend.

That is exactly my point. People should do a bit of their own due research before making such statements. Price is going up and down, there is never straight highway just up or just down. The long term is definitely rising.

I don't know exactly why price is dropping, and reading comments I get no one here have correct answer on this question. After rise, price is consolidating on some point and maybe cause of that price drops sometimes. Also pump of the price can be reason of falling. I'm not sure will price of bitcoin ever be stable luke we expect to be.
Price will rise and fall, fluctuations are something wecan expect in future. Who knows when price will be stable, until then we can just guess about reasons of rise or fall.

It is actually the other way around. The price fluctuates widely because there is a lot of speculation behind it, aka pump and dump. That is the reason why many people have heard about Bitcoin and that is why many decided to put their fiat money in it. Not having these wild fluctuations Bitcoin would be as attractive as bonds for example and I guess much less would stay in the pits.

I don't know why people is still answering this thread that was opened in January, before the pump of May-June. This thread has lost validity, so it should be closed.

Well, since the majority of the people only read titles, this thread is still related to the current circumstances where the price is indeed going down.

Chinese miners, for your own betterment, expell Blockstream as soon as possible, or you will be left with tons of investments into useless hardware. Monero and Ethereum are coming to chop the Bitcoin's head off.

Bitcoin'd head was supposed to be rolling many times already, but it didn't. the answer is simple: network effect. it will be very hard to dethrone Bitcoin and if this happens at all it must be some game-changing breakout in technology. Whether Mondeo and ETH have it, I doubt it.

Prices of the bitcoin are always dropping a little bit but off course not much there will also be a price rise off course and most of the time i can tell you that will be more than when the price of the bitcoin is dropping. So dont be scared that the coin will drop allot because he wont for sure!

Prices of the bitcoin are always dropping in some point but he will also rise sometimes it depends about how many people are actually using the bitcoins and the rest
of the peopel are just holding bitcoins by more holding the price will drop allot but when we are all using the coin everyday the price will only rise positive.

Nothing to be scared off. Right! You should scared if the price of the bitcoin is 1$ hahaha but that aint gonna happen :D That is the bitcoin is! Unpredictable price real characteristics :D. Bitcoin tell us to buy more bitcoin because its price is too low so something that bitcoin is saying buy more ! :D

You are right, but I even think we do not need to wait for such long times in my opinion, the halving will let the price go to a higher amount for sure.The only thing I'm hoping for is that the price will get stable on a moment but this will take time for sure, it will not gt stable anytime soon.

\The price is always rising and dropping you cant do anything about it because you dont own all of the coins you know if everybody is keeping the coins rolling than the price will rise allot. But there are to many people who are just holding and holding and trhat is not good for the price you know.

prices of the bitcoins are always dropping and that is only because there are so many people who are just holding that stupid coin you need to let them roll and not just holding them to wait for a rise because it wont.

How sure are you that bitcoin isn't going to drop in price by 'alot'? Because it has happened before, and there's no guarantee that it won't happen again. Actually, it just happened a month ago and now the price is hanging. It's actually something to be afraid of if you're an investor since your profits would depend on whether bitcoin goes up in value or not.

i think the price of bitcoin is not dropping any more. because it is trading in a very lowest price, and hope that very soon it will start rising once again. and will cross 1000 USD. hope bitcoin will really give us good profit.

bitcoin price movements can go up and down very quickly. some of the factors that caused prices to decline bitcoin bitcoin is no issue about the weakening in the market. like conditions hack exchange some time to happen. market confidence will decline.

... Oh... Ok... This was made in January! ...  :D  :D  :D

But we may probably have 1 more week of sideways then we get pumps! (yes... with an "-s" .. plural...!!!)

The price is not only dropping it will also rise again but for now the price wont come higher than the 600 dollar because there are to many people just holding their coins and you all need to spent some of them to earn a nice price of the coin.

when hacker has attacking the exchange would have caused panic to the holders who do not have more funds but for the holders who have more funds they do not need to sell bitcoin instead they will buy more when prices fall.

It's an information that is most correct. because the holder of the funds that have only a little bit, they certainly fear that it is the end of all their desires (benefit). everyone will want to get an advantage, but if they have to face something that endanger them. Surely they prefer to lose a little than to have to lose all the money they invested.

This is the main reason why their is small price dropping, comparing when their was news about exchange getting hacked and bitcoins are stolen but still then market did not reacted too much, so it means that now all of them have faith in bitcoins and when ever their is a selling pressure most of them will try to buy it as they are just waiting for the price to drop and they can make more investment. It is a good sign for bitcoin future.

I said that for long term only, and not short squeezes...
Because like many of us, I am too in for the long term in bitcoins, and not short time profits, because I don't want to contribute to those high panics that take place when such things like dumps happen...

Price of the bitcoin is always dropping and that is because there are allot of peopel just holding coins instead of really spent them you know there are to many people not paying attention to that and that is such a shame for the rest of the bitcoin users.

Price of the bitcoin is always dropping and that is not because there are so many people just holding their coins but you also have to know that there are also peopel dont even have one bitcoin and i think if everyone is using bitcoins the price will rise allot.

it was quite reasonable. because most Holding bitcoin can make the circulation movement of bitcoin becomes slower.  increasingly using bitcoin will make the price increase.

Using bitcoin will make the bitcoin market price go up but the people who are holding their coins are just looking to profit when the price goes up so they are not going to use it.

no it is not so, the price of bitcoin is not dropping all the time, and if people are holding bitcoin then its mean that there will be the shortage of bitcoin in the market and then every one will be ready to buy it even with high price and the price of bitcoin will continue rising and will not fell down with holding it.

The price is not only dropping the price will also rise sometimes but when it does no one knows and that is not strange because when you know it you can make easy money and so easy cant be true.

It's bitcoin,  the price always drops and goes straight back up just the way it is. Either sell all and buy them at all time low or just hold on to them as they rise!

True, it just dropped because hackers dumped their coins as they wanted to get out with fiat.
The market is currently free and open from FUD, so thinking that the price will drop any further is stupid.
Wait some time and you will see some great news coming in which will let bitcoins jump up again.

Right now I'm also in a tough position thinking about buying some btc just waiting for the right time. They are a little stable at the moment and I'm just waiting to see if the next spike is going to be a spike up or a spike down.

I don't think there is any good news coming related to bitcoins so price will not spike for next few months and it can go down only if there is any bad news or else it will remain stable for some more time.

many consequences that cause prices to decline bitcoin. one that often happens is the loss of bitcoin on the exchange. nearly last few years it often is. even the experience was a great exchange.

it's no coincidence anymore. it happened too often for people not to notice it. it's pure manipulation where a few people make loads of money from. it's not the first time that it happened, and definitely not the last time.

Yeah unfortunately the recent bitfinex hack made a lot of people lose trust in bitcoin. However bitcoin has taken this blow very well and is still and a very good price compared to the beginning of the year.

but that happened a very long time ago already, 1 month ago? and the price is still very low, so there must be another reason for this downtrend

but i think if people are holding bitcoin and not selling it, it will create the shortage of bitcoin and the demand will increase and this the price of bitcoin will also increasing.

The price of the bitcoin is always dropping you cant do anything about it because is depends all about what happend with the bitcoin in that period you know allot of peopel are holding and holding is bad for the price.

Price of the bitcoin will always drop some but there are also risings and that is the reason why the bitcoin is goign around the value of 600 dollar he never drops allot but when he does eveyone makes losses .

Price volatility of bitcoin is  one of its characteristics thats why we experience rise and low because of any circumstances that are happening on bitcoins ecosystem. Its dropping because there are users are selling  their bitcoin for the current price thats  why it lowers  down its price. Just a simple  law of  supply and demand.

Price of the bitcoin will always drop ok not always because there are so many peopel who has known that there is coming a price rise i dont think that would happen because the bitcoin is dead as hell.

Price of the bitcoin will drop if everyone is holding and that is what happends when everybody is holding their stupid coins so spent them all because you wont see the price rise if you all are holding.

The price of the bitcoin is unstable and that makes it why he can drop allot but that is not the only reason why he is dropping there are to many peopel just holding bitcoins instead of spending them.

people holding their coins will make the price go up, and not down. it has all to do with keeping as many coins off the market as possible. reducing availability has a positive impact on the price.

Now it looks like every thing is ok and we are now not going to see the price to drop, now we are back to $700 and after that we can expect without any doubt that the price will go increase further.