Bitcoin Forum

We're at 420-425 today. We all know it's going back down to 410 soon. The question is when?

even if it does go back to $410 in the coming days or weeks, then what? i don't see anything being wrong with that. also, we are only around $10 away from reaching $410, which is literally nothing in the bitcoin world.

If you are familiar with bitcoin then you will understand that can happen in few moments if big (chinese) exchangers want it, dropping to $410 should be consider as a crash but the other side the price can also hit $450. Maybe in max 2 weeks i expect a slightly drop or a slightly increase.

i doubt that, you see, halving is incoming and the price will start growing sooner or later, i believe it might be that time that the price starts to increase and now it will go up significantly with time

though bitcoin price is unpredictable and nearly anything can happen in just a few hours so i might be incorrect though if im not then i will surely make some good money out of that

I am waiting for it. Will sell some at 424-425 expecting to rebuy at 410. Will keep some just in case it goes higher and higher too  ;D

Dont hold your breathe with these minor drops.

Just look at the overall prices in the next coming month. Or you`ll turn bat crazy and give yourself un-needed stress.

probably never.  8)

LOL, we've been stuck at $420 for weeks now.  It has been weeks, right?  So maybe we're going to stay at this price for good, right? 

Having a stable price is good for bitcoin as a currency.  Wild price swings are good for traders.  Which are we?

It won't drop to that level so easily unless there is staggering news that will impact it's progress. It is only going up now, so why not just ride the wave instead of asking when will it come crashing down again.  ::)

Some interesting observations from various people so far. I never said it will CRASH, only that it will retest the 410 level again as it has been doing for the last couple of weeks. Now that I'm expecting a drop to 410, it's going UP to 425 or higher currently.

I definitely agree that we might test 410--but that's not much of a move.  All things considered, in the world of bitcoin, 425-->410 is just a itsy-bitsy fluctuation.  I'm hoping we'll break upward instead, but we'll see.

I still have a bad feeling about this steady, long march to 425. It will probably drop to 410 tomorrow or Thursday at the latest. It's my gut feeling. I'm selling some coins.

Bitcoin is never stable. Remember this.

As more and more people discover that the implementation of SegWit only pushes the problem forward for maybe a few months, we can expect prices to plummet again.

there is the 2mb fork coming also not this years but it's coming, and 4mb of total limit will be sufficient for the time being, block would at best starting to saturate the first 2mb, in the upcoming years

Luckily your predicitions are always spot on. You have been ranting since 200 how bitcoin is going to drop more and more but you have been awfully quit lately haven't you?

Just face it, price is not moving much lower anymore. Problems being solved, halving coming, 400 is very likely the new bottom.

It's not a problem. It may be seen as an inconvenience by some people, but that's all it is. The only real problem is that there have been formed several groups of alternatives that are now battling each other to get their "best version of Bitcoin" into the world. But they will never win. Their existence is very short term.

@1Referee:

I'm not seeing the problem there, to be honest. At the final analysis, the miners get to decide which is the "best version" - the same as it's always been. The only thing different now compared to the past is that there are choices besides Core.

Oh, and one of them has to win - same as it's always been!

@talks_cheep:

Much as it pains me to be the voice of doom to your voice of restraint - I think if we hit $410 we're probably going a good way further down. However, I think there's a better chance of breaking through ~$425 and going a good way further up. I think the likelihood of sitting around $410 is pretty remote.

Yeah the barrier is around $400 it seems. Personally I do not like this because it is to much for me to buy bitcoins for and to less to sell bitcoins for. I hope the price is going to change fast.

This makes no sense. If you invest $100 in BTC ( regardless of the BTC/USD rate) and BTC/USD goes up 5%, you've made 5%. Doesn't matter if 1 BTC costs $1 or $10000 - you've still made 5%.

BTC is subdivided into 100 000 000 "satoshi". If necessary, these could be further subdivided. No one's particularly talking about doing that because the cost of one satoshi is negligible. No matter how little money you have - you can buy BTC. No matter how little BTC you buy - you'll make the same profit (or loss) as everyone else buying at the same price as you.

This "Bitcoin is too expensive" nonsense is silly.

So either you hope for a price decrease to buy more and or you hope for a price increase to sell and make fiat profits?
What kind of strategy is that?
But you know you can buy fractions of Bitcoin right?No need to buy a whole one. It's a weak argument to say Bitcoin is too expensive.
What happens when price jumps to $600? 400 would have been cheap then I'd say.

As bitcoin stabilzes, seemingly at the moment, at 420 level, the question becomes "Is 420 the new 410?" Are the dumpers done dumping at 420? I like 420, and I don't even like weed.  ;D April is a pickle month for bitcoin.

to be honest, i don't think that we will go to 410$ anytime soon, Yes, price now is 430$ and still rising, if that would be because of pump and dump then it would all pretty soon, but because price rises because everyone buys bitcoins, i don't think that they will stop buying them so price will rise next month too, it won't fall down

Just as I predicted, it's dropping, currently 417 and dropping. It didn't take long.

sorry what was the question again? drop to 410 or drop below 420?

though i believe that the drop is just a temporary thing and after some time it will start going up again

bitcoin price is always fluctuating so theres no need to be impressed that the price went down a little bit, believe me it will bounce back pretty soon and everyone will be making money again

There isn't a drop.

Here's what's happened since talks_cheep posted "mission accomplished". (http://bitcoincharts.com/charts/bitstampUSD#rg180zczsg2016-04-07zeg2016-04-08ztgSzl)

If the price rise very slowly, say $1 a day in the next few weeks, the price will not drop to $410 again.

I dont think that it will drop to 410 again but maybe it will drop to 420 and played at 420-430 and maybe grow even bigger price in the next few months.

The question now is to ask is: how long will it rise to $500 agian? I think it will be at that level in a few weeks.

Yeah nobody really knows the answer to this question I think. People are now focusing on the price rising because they7 want to sell their coins.
But for the people that want to buy this question can be important.

No mate there is no chance for the price to drop to 420 because the price rise has started now and all these positive signs are only due to halving. Hope this rise in price will continue.

I also think the price will not drop below $420 easily. The $430 level was not breached in the last crash.

I am not sure when it is going to drop to $410 again but I know that it can take a long time. The thing with Bitcoin is that it is pretty hard to predict what will happen far in the future. The price can suddenly go up but it can also go down.

now price is 450$ and i don't think that price will fall to 410$ anytime soon, because people will buy even bitcoins now after this price rise, soif they will buy more, price will rise more

and i think they they buy it either because steam accepts bitcoins now, or halving, steam for buying games or for halving, to sell them for more after it and to get profit

i don't see anything in the price that is steam related. it's the block halving that is dictating the entire market currently. people are accumulating as many coins as they can. and that's causing the price to go up.

The big whales are accumulaitng the bitocin. That is reason the price is low, that is suppressed by the whales.

I honestly do not think that it will lower to this amount, maybe it will but I think it will do this maybe before the halving.
I hope it will not to be honest, I hope it will even instead of it rise to a higher amount.

I think the bitcoin price will never drop to $410 again. It is in the rising trend now. It will rise to $500 in the next few months.

i agree, the range of ~$410 is no longer a possibility for bitcoin.

that price is only achievable in our dreams and whoever missed the chance to buy it is over for them.

well i cannot agree with you that it is impossible at the moment but in my opinion that is true that its would be really hard to reach such low prices now as a lot of people are interested in bitcoin

i think that we will have to wait a lot of time in my opinion before the price drops that much, only when the bitcoin will start dying this will start happening and this might take hundreds of years

take a quick look at the charts first.

in the past month there have been many dumps to push the price down and FUD is always present in the market but all these could not push the price lower than ~430

so what reason can you possibly have to say $410 is possible?

That can happen, I won't be stubborn and to say its impossible. But i don't think we will see that 410 ever again. All things point in that direction, bitcoin is going up for good.

For me much more important questions are:
1. Will we see some spike over 1000 $ ?
2. Where will price stabilize after halving, over 500 $, or maybe even over 600 $ ?

I think there is possibility for bigh spike, maybe not big, but there is. Maybe I sound a bit too optimistic, but I believe we can see btc stabilized close to 600 $ after halving.

The price will be $410 / Bitcoin in December of 2023.

Do not be too pessimistic ole friend... Bitcoin will pick up at it's own pace, as adoption increase and more people and merchants start using it. Just lately Barklay's bank and Circle made a deal to

use Bitcoin to make banking more effective and user-friendly. If they get it right, many millions of customers will use Bitcoin without even knowing it. We want everything done yesterday, and

Bitcoin is not a technology to be rushed... it will find it's own way.  ;) Next year, we will be at $800.  ::)

so you not agree with other people about the future of bitcoin, you must trust with bitcoin seeing now the price start rise slowly it will continue until halving, i guess.

no it wont

if it doesn't get $410 this week, it will never get $410 again

say bye bye to the cheap bitcoin forever the price is $486 as i am writing this and it is only rising. $410 is going to become just a price in the history just as $10 for bitcoin is just a history for a long time ago.

Why don't hookers accept bitcoin?

Because it goes up and down more than they do!

It will take some time for the general public to accept the bitcoin. It will take 5 to 10 years for the people you mentioned to accept it.

My prediction: August 2016 ;D

Explanation: The price increase on the halving event will be less strong that many people had hoped (650-800$ instead of 1000-2000$). So some will sell after the event, and price will go down.

Now this sounds incredibly bearish from today's point of view (after an increase of 20% in few days up to $520) but I think this is a bullish statement. $400-410 will be the low and then price in (northern-hemisphere) autumn will increase again.

If this price increase is just the beginning and continues all the way to the block halving, then people will for sure cause the price to tank as they will cash out. Everything that happens now is purely because of the block halving. Once the block halving is over everything will come down.

It is very exciting to see how conditions have changed since this thread was opened just few weeks ago. Nowadays more people is putting aside this possibility because of the current rally, but it would be interesting to see the next behavior of market, avoiding excessive confidence.

Waiting for bitcoin to get below $410

http://2.bp.blogspot.com/-vQo-meXia7o/T4dlPANVYjI/AAAAAAAAAAA/lldAOG19cz0/s1600/skeleton_desk.jpg

You have better luck waiting for mBTC to become $410

Absolutely agree. The bitcoin price might drop to $500, but it will not drop to $410 or lower ever again.

This should be the normal evolution of bitcoin especially after the next two halving ~2020 or later  ;)

I think its impossible that the price again will crash back to 410 line and i think the price will stay at 600 value after block halving and several increase of the price and it will stay and stable at 600 value after block halving..

Since I started this post, situations have changed obviously. No one saw the Chinese gov't starting to devalue Yuan. That alone pushed the btc price to over 575. The block reward halving, contrary to popular misconception, has nothing to do with the price rise.

I expect price to rise to over 600 in July, we will see price drop to 450 in the fall, expect to go over 800 this Nov/Dec.

No, I don't think the $450 level is possible in the next weeks; conversely I would expect a good increase towards $800 before halving. After this expected event it seems really hard to foresee a possible scenario in the bitcoin behavior.

I am guessing that this will happen few days before the end of this month (june) , whales will make the last rally to get cheaper BTC then will push through the sudden rise.

I never said 450 in the next weeks. I said 450 in the fall. Fall means September, October, not next weeks, we are in early June for f*ck's sake. There are way too many uneducated people in the bitcoin forum, people with barely elementary education. I worry about the state of bitcoin, it's attracting too many dead woods and lazy bums.

If the sentiment is as good as now in the near future, the price will not drop to $410 again. It will rise to $820.

It is difficult to say. The price just dropped to $620. We need to wait for a few more months to rise to $800.

I am not even sure if the price is going to drop back to $400 because we have passed that a long time ago and the price is now stable at around $600.
It would be good to go back to $400 so that I could buy some more coins.

Based on all the confirmed data, the price will clearly be heading below $400.

Well, it's very difficult to predict at this time, most people only bitcoin predict when prices will go up. but, I think it is still very long, because I believe the price of bitcoin will be very difficult to get off of the price under $ 600

The bottom of the bitcoin price range will be between $550 to 600. it is quite difficult to drop below that level.

those people that think that bitcoin will fluctuate forever in the same 300-600 range amuse me

you have zero idea how the controlled supply work, and why bitcoin will increase over time, you are ignoring the fundamental of this new tech

there is no going back or staying on the same position forever, the only way is up, you will knows this when in the upcoming years, the new bottom will be with 4 digit

Well as posted in another thread it is possible for Bitcoin to drop to $410.
$410 is just $251 difference from today's rate which is $661
Historically speaking, way back December 11 2013 we are enjoying the rate of $924 to 1BTC
Then it drop to $593 in December 19 2013. That's $331 drop in just a mater of days.
So it is possible, but lets hope it wont happen again.

The bitcoin price dropped to $450 in the last few days because of the bitcon hack to one exchange. It will recover.

Some people are saying there is a shakeout coming soon. Predictions of some are taking the price below 400 before another increase. I don't know if it is true or not, but we should be prepared.

Yes we should be well prepared because we don't know what will happen to the bitcoin price next day. Within 2 days there occurred a drop of about $100, so it won't take much days to fall to $450, we hope everything will be right within few days.