Bitcoin Forum

Hi bitcoiners

We are seeing some decline in bitcoin price :(

https://i.imgur.com/jYsjYT6.png?1

However, we are still optimistic about the potential of an upside break, and that this pullback could lead the price scale new highs!

Do share your views on bitcoin price trend and what are your levels for best trades!

Happy trading!

Regards
Mahin

Actually this decline come because of strengthening of Indian Rupees. It was 69.1 3-4 days ago now it's around 67.4 so we saw around 2.5-3% strength in rupees just because of that we saw this dropped in price.

I am still expecting price will touch again 440$ soon.

Agreed. But even in USD there is a decline. I am thinking that increased interest in ETH is playing some role here.

Yes but that decline is not that much. It's normal volatility in usd case.

It seems to be down substantially now.  ;D
You have a double effect - weakening of bitcoin combined with strengthening of the rupee.  :)

Strengthening of rupee is about 1.5% so major contribution is due to drop of btc price itself obviously

https://i.imgur.com/dcbHAzj.png

Few more weeks to breakout the channel and then the pump starts imo.
interesting time ahead.

I say we will touch 500$ in next 30 days.

 I don't have much knowledge about trading.... But i expect the value of BTC will increase to $450.BTCBTCBTC

How does the price look for April end?

if everything goes right the price will be above $450 + if their is no bad news.

You guys forgetting one thing. If Bitcoin ever become mainline currency in this world then it must be stabilize. Volatile curreny never be accepted by general public.

The price is around 420 to 430 $. Its keep up and down for last one moth,

Boring price trends since a month. Hoping some action to kick in ;)

Wait until - 12 Jul 2016 06:51:28  to see real action :)

I personally do not believe in this rate doubling theory because of block reward halving. This is a known fact and its effect will be there all the way - it wont kick in all of a sudden when the block reward becomes half of what it is now.

Regards

I am not saying that it will double, but surely mainstream Media will pickup the news which will definitely pump up the price !!

"Madness is like gravity...all it takes is a little push.”

- Joker, The Dark Knight

Regards
Mahin
Zebpay

...and this news might give that little push :)

Lightning Network Should Be Ready This Summer (http://coinjournal.net/lightning-network-should-be-ready-this-summer/)

In 3 months time, prices will be double because of halving.

eagerly waiting for that halving

you guys are living in dream, always remember in trading prospect when you expect it never happened. Every one expecting that halving will impact so much in BTC price. Just check LTC price when it halved nothing happened so don't expect so much.


In trading prospect price gain in news but when it happened it consolidate. Everyone know about BTC halving so it's not news for BTC world so don't expect big jump. Price already jump from 200 to 400 now it will stay here longer time.

Bitcoin price is gradullay moving towards the 1000 Dollar mark. Good for us.

lol we are not even halfway of 1000 mark.

We will reacj with 3 months on halving. Wait for 90 more days

When will the halving happen and why?

When - After 85 days from now (http://www.bitcoinblockhalf.com/)
Why - The successful miner finding the new block is rewarded with newly created bitcoins and transaction fees.[57] As of 28 November 2012,[58] the reward amounted to 25 newly created bitcoins per block added to the block chain. To claim the reward, a special transaction called a coinbase is included with the processed payments.[10]:ch. 8 All bitcoins in existence have been created in such coinbase transactions. The bitcoin protocol specifies that the reward for adding a block will be halved every 210000 blocks (approximately every four years). Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins[note 11] will be reached c. 2140; the record keeping will then be rewarded by transaction fees solely  ( Supply section of - https://en.wikipedia.org/wiki/Bitcoin )

https://i.imgur.com/L357YeL.png

so yeah we breaking out of the 6month wedge, i am very bullish with the chart analysis + segregated witness soft fork + halving incoming

 :o Huge momentum that bitcoin needs https://www.coingecko.com/en/price_charts/bitcoin/inr

Price crossed 450$ + but back to below 450 now  :(. Will it be able to retain momentum and reach 500$?

Most probably it will move atleast some days around 450 before move towards to 500, Mkt need consolidation if it will move direct there then it drop down too quickly because of no base.