Bitcoin Forum

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we dropped down guys, what does this mean after all the buying up to $431?

It's normal to see the price go up some dollars and go down some dollars. I find it quite weird that when the price goes up a few dollars, people don't pay much attention to that, but when the price goes down a few dollars, then people seem to get worried.

I find it strange we nearly did a full retrace of the move up to $431 be interesting to see if we go back to $415 or retest $431 in the next 72 hours.

really? you can a $10 movements a drop? this is nothing more than the evidence, that the market can not be perfectly stable

don't look too much in those movements they count nothing

It's nothing big. As long as we are not falling from the $400 line I guess we are all good.

In case you didn't notice we're having quite some difficulty staying above 400. We've seen similar patterns before and it only ended in a 50% reduction of value. The same we can expect now, possibly even more with the halving-scam going on.

what difficulties? we've only went below $400 once for a very short time ever since the price touched the $400 mark.  afaict the price have been hovering above $410.

As regards the halving its difficult to see why its a scam, how do you mean? we can see using math the miners wages will drop yet they will be left invested in bitcoin.  The community will be more incentivised to see higher prices than before the halving.

Just short sighted idiots trying to short instead of buying and holding, specially stupid to short now that the halving is getting closer by the day. What can I say? let them burn, they will want to commit suicide once they realize they could have made more money by simply buying and holding in a month or two.

Been busy this few days. Did not know that Bitcoin price reached the 430 range a few days ago (or maybe yesterday?). The highest I see during this few days was 420 range. Well, I think that the price goes up to 420 range because of Easter Day. And some hype made it go even higher to the 430 range.

Like 2015 Black Friday, the price come back to the stable 410 range again. :).

The jump on sunday showed no support so a fall back was expected to happen.
We were down to 406 are back up to 413/414.
Let's see how things will develop the next few hours.I believe we will see some sideways movement in a range of 410-425 the next weeks.
Still too early for a halving hype.

in case you didn't notice, we have been staying above $400 easily for a very long time (more than 4 months) if you exclude the FUD period spread by M.Hearn you will see that >$400 is here to stay.

I think we will most likely go back to somewhere around $410 the coming days. We have seen this happen several times already, and I think it will happen again. There is not much that will push the price further than the current price levels.

It is movement and it is good. Time to rebuy a bit to sell a little higher, I think.

it means that market is not yet ready for the big rise and traders want more time to accumulate at lower prices before the big rise.

this small rise was just an opportunity to earn some more cash to be able to buy even more bitcoin before it is too late.

Don't rush! Unless there is a movement of +- 50 USD i would call a drop or an increase. +-$10 is normal now for bitcoin and if it stay at the same level within few days that would be unusual :P. But in case you invested thousands of dollars and expect fast profit then this is another thing.

Eh, not much going on with the price--this is all just random fluctuations and we've been kinda stuck in a little range for a while now.  I'm wondering if the halvening is actually going to bring speculators into the market.  Maybe we'll actually see some significant price swings.

Or maybe it's time to smoke some pot.

The price is determined the same way everything else is determined. Supply and demand but mainly buyers and sellers.

There will always be more buyers than sellers and vice versa. This will change very often causing the many fluctuations we see on a daily basis.

While many people may have bought at $431 and are probably not too happy for this mini drop to $420, you must expect this behaviour in the market. An investment at $431 was actually very smart seeing as how halving will come and, as the law of supply and demand states, the price of Bitcoin will go up seeing as how the supply will go down.

This was just another fluctuation. Luckily, with Bitcoin, there's always some good news to turn the markets around. And not to mention the currency isn't being rigged by any central authority.

At this point I think passing through a blunt is the only thing to keep the markets entertaining, just been moving downwards consistently recently.

In regards to the drop, it's pretty much in the normal range of up to $10-$15 that usually goes up and down on value scale. Those who bought it in it's peak recently, will just have to wait a little longer before they would be able to sell them for a profit that surely within the next few months will be meet.

It is probably long and short positions being canceled and opened and on the way down stop loss that are being triggered.

Speculators bought anticipating a rise further towards 450, but when stuff started slowing down, slowly stop loss were hit causing a cascade back to support levels again.

I wouldn't worry too much about it, it is just part of bitcoin that the price moves in both directions heavily.

that is just how bitcoin price works, it looks to me like a small pump in the market just to make a chance for daily trading bitcoin and make a quick profit out of the change. the market has been getting so boring lately so the change was expected, which way was the question that happened to be up

probably but if all the action shows when the halving does come.

it`ll be worth the wait? or maybe not.. lol. who knows.. I really hope the price does go up w. the halving though..

I'm interested to know if the price will test the $400 level the coming days. If it holds then we will most likely see the price go up to $420 and then down again.

No reason for panic, this is just usual fluctuation in price, few percent up or down. Everyone is eager about the halving but who knows what that brings...

Bye bye 420 :( you look so far away already...

Almost 2.4% away in fact. Gosh.

I hope the price immediately rose to the height, maybe it's good if the price stable at $ 415 as it is now, but I think the price is not high enough if it is still $ 415, I expect the price goes up $ 500 in the next month

$500 not possible in next month I think we need to wait till halving to see that price as it will not be easy to achieve that mark by next month.

bitcoin has reach more than $420++ many times and then the price of bitcoin will back down to $400++ its make me confused, because i expect in the next 3 month bitcoin price could reach $1000

yes we fell to 410-420$, but we will go up, it is pretty funny that halving rises price even now, everyone buys bitcoins so price rises each day,  if we won't have any more price falls we will see 500$ after month, we will climb through 430$ for sure

Bitcoin price is getting heavily manipulated by whales as they like to accumulate  as much as they can before halving in cheap price.

We've seen 420$ a lot in the past month or two? It just seems to be part of the real business cycle of growth for Bitcoin. It will just fluctuate around this point for a while before it ends up actually going up.

Yeah if the price increase is the same, without doubt bitcoin price won't reach $500 by the coming month, as the price is quite sitting within $410 - $425 for a very long term than speculated.

No worry mates! My average buy price is around $600+. If you believe in bitcoin, you should feel lucky that you bought some at the current price in 10 years' time.

when the price is stable everybody is complaining why is it boring.

when it moves everybody says why did it move. and it doesn't matter which way and even if it comes back or not there is always somebody complaining :D

Dirty cheap coins are a thing of the past. Nonetheless, you'd better buy now as much as you can because, in the not too distant future, $400-$420 will be the new definition of 'dirty cheap'.

Bitcoin price will increase when most of the accumulation get released rather than the halving. Bitcoin price has a major correspondence to the large scale accumulators.

That is right. I am accumulating the bitcoin at the moment. I buy some every week if the price is below $420.

The value is not that high now indeed, you see indeed the value is now stable and that is much better than it will be going down so we must be not that negative now around this time.
You see also that the halving is coming and that can be good for those who already have Bitcoin.

It is not a drop of price. It is normal fluctuation of currency. And with volatility of bitcoin movement of +-$10 are considered total stability.
I wooed rather advise you to buy some BTC before we still can - halving is getting closer and closer.

2-5% price fluctuation for the bitcoin is very normal. The volatility in the past is much larger than that.

The low volatility will help the adoption of the bitcoin. So it will help the bitcoin price to go even higher.

When the volatility is high, the merchants will not hold the bitcoin for some time, they will sell it as soon as they receive it.

As a merchant, what problems have you had with volatility? Do these problems differ from other currencies? What options have you explored for mitigating volatility?

You sell your goods for $100 worth of bitcoin, a few hours later, it becomes $80. You lose $20 in the process.

this is true even when the price is stable, they always sell immediately after getting the coin, unless you have proof that merchants are holding right now, seeing how the market is very stable altely...

In a few years, when the bitcon is more valuable and more stable, and it is tested to be a proper currency, things will be different.

I think the price will never be stable bitcoin future although many countries will begin to adopt bitcoin as alternative currency other than the currency of their country.

Stability just means the bitcoin price volatility is similar to other major currency such as Dollar or Chinese Yuan.

When the bitcoin price is stable, it will be inevestable just like other major currency. People will not be afraid to hold it.

When the price is as stable as the US dollar, when people sell things, they can mark it in bitcoin, this will increase its value.

keeping some sort of volatility in any kind of currency or market is the most important aspect as it will attract investors. if there was total stability where the price for example alway sits at $500 then which investor will jump into bitcoin? none.

I see remarks about merchants selling BTC.  I am only one merchant, and not a large one at that either, but I can assure you that every satang I ever earned via the company is still in BTC, and never sold any of it.

If I can afford to run the business and have to wait for BTC to do us all proud, then I'll do that.  It just means that on some sales I have to wear that risk (BTC being a minor payment method to compared to credit/debit cards at the moment), though I am of the mind that says accumulate any BTC that is over and above my need to keep my non BTC suppliers/manufacturers with bread on their respective tables.

The price drop has nothing to do with merchants selling BTC.
On a side note, you would be contributing more if you could get some of your suppliers to accept BTC. That is the way adoption increases.  :)

Its very impossible right now that the price will going back to 420. but we see 2 days ago from the price of 460+ down to 440+ its mean they are still holding their coins and i think this just the efect of ethereum more traders are converting into ethereum again because of good potancial and profitable mining.. and block halving is too far.. so i think at june we will see the price going to increase again..

I am not sure how this is impossible. If we can go from 460 to 450 to 440, it seems plausible we will go to 420 now. I expect it so i have already place stop loss orders for in the case this happends. Block halving or time are both no guarantees for a higher price.

$420 impossible? First of all, nothing is impossible when it comes to Bitcoin. Second thing, the price is only $20 away from reaching $420 right now. Only thing needed is a whale to dump around 1000-2000 BTC at once, and the rest will get done by the people that will start selling in panic. Very easy.

The price is around $430 now. So the $420 could be reached without much problem. Although I hope not.

Mate, there is like an 80% chance that Bitcoin is going back down to $420 (and below). Burning question is, whether they are gonna take it back up to $450 first or not.

Bitcoin bulltards just need to keep their fingers crossed that this bearish resolution turns out to be a head fake on the grander scheme of things.

Welcome to the bitcoin world.

You see going back to $420 price is impossible? What if I told you that even below $400 has a high possibility to happen "right now"?

Please keep in mind that $50 price increase or decreased considered as a light margin to break it or to surpass it.

Going back to $420 could happen. If there is a big bad news about the bitcoin, it can go below $400 and stay there.

I cannot imagine any bad news. The bitcoin shall not be banned in any country, it is a legal property.

well it depends on the country if it is legal or not, if a government decides that bitcoin is illegal then it is illegal and you shouldnt use it then in order not to get into trouble

i think that the price will not fall to 420 any more and the price is going to grow only from now because a lot of people are investing in bitcoins in order to make some money

If most civilized world declare the bitcoin legal, it will be legal gradually in many countries. Every country will use it.