Bitcoin Forum

http://prntscr.com/bj2b1e
I am starting to worry now

and I thought the price of BTC is suppose to rise not drop due to the halving.


Supply decreases and demand increase= increasing price

In 1 hour, 706USD to 683USD  :-\

Well when the value goes up that fast over such a small period of time, a drop is to be expected at some point. It takes a lot of money to push the price up and nobody has an unlimited supply. Just keep a close watch on how the market evolves, it probably will start going up again as we get closer to the halving but just in case, you might want to have a sell order ready to make sure you come out on top (depending on what price you bought at).

The speed at which it increased, it dropped at the same speed (about $80 fall). Wasn't expecting it to drop so soon as it's not even July now. I can see many users trying to by bitcoins as the price is low but I guess we need to still wait and see if it will drop further or remain stable. I bought over 0.1 BTC but still am scared to lose.

last time i've checked, the initial price before this curent pump, was $430-$450, so no it's not crashing until it fall under that level

You know what they say, everything that goes up, must go down again. We have seen loads of fiat being pushed into speculation and also some gambling being done from the Chinese to push up the price. At one stage, everything has to go back to normal again, and I think this is what we are seeing now. They have speculated and now they are selling or more people are selling, because the price was high enough to dump a bit. ^sob^

Don't worry. I think the price decrease now is only caused by the panic sellers who join in selling their coins because they also saw that the price is going down but they didn't know that it will be affect for the price more. But even though that the price is falling, many users is taking advantage of it especially bitcoin traders because they know that this is the right time to buy bitcoins because the price is getting cheaper than before. So if i were you i will just keep my coins and sit back and relax and let the other users join the panic selling event ;D. I hope you understand what i'm trying to say.

 ;D
I think it's normal to have corrections. I think this correction should be completed at most about $580 and then there is another movement to $ 980 - $ 1,200. I guess the biggest action will be on June 23, around the Brexit

Oh god, the price of bitcoin keep decreasing. It's really scary dude, i think bitcoin will crashing soon, i will sell all my bitcoins if the price can't go up in the next 1-2 hours.

http://fiatleak.com/ (http://fiatleak.com/) goin crazy^^

We're still 18 days away from the halving, so the price might go up again. I don't bother about crashes anymore, I hold at every crash since 2014.

No need to worry as the price will go back up as soon as Bitfinex comes online again.

Drops like these are normal in a market as volatile as it is right now.

The only difference is that people are worried about Bitfinex instead of securing profits due to made profits.

This is pure panic that is going through the market currently.

This really is doubtful since few big players have already bought at a cheap price and since halving is coming so small traders are buying in contain of getting a high price. As price is rising big players will start selling and book profits. So price will tend to go down only.

I wouldn't call this crashing. Some ups and downs and corrections in the price are normal but I think they will not be to big and the fall will not continue. Anyway, there is no room.for panic.

It increasingly looks like Bitcoin is going back to where it came from. The bubble was short lived, and the tiny investor got crushed. That's the way the world works. If you didn't buy low, you're screwed. BTC at $1000 again? Not even in your wildest dreams.

it rise last week very fast... so expect that its goes down

So fast BTC price changes mean that BTC market is not so stable, or there are some players, which buy or sale a lot.  ;)

The price is still much higher than the $400-$450 levels where we were for quite a long time. People worry about what is happening with Bitfinex right now. And I can't blame them for that.

yup, indeed bitcoin price down now, but i dont think if that means btc price crashing, btc price down because many people sold their btc and thinking if that was the best time for sold their btc ($760) but others still hold their btc until halving happens, well, anyway, my prediction btc price will be going up again.

I dont think the bitcoin can crash because of the many users off course how can the coin get destroyd mean while there are allot of people just sitting there with their coins....

http://www.newsbtc.com/2016/06/21/bitcoin-price-technical-analysis-06212016-watch-correction-levels/

So, that's about where we've hit. And $650 support does seem strong

I think bitcoin price will rise again soon

You can see already now that the value of Bitcoin is becoming more worth and that is really nice because there are many people now that is holding it so that is pretty nice.
But of course there will be always a chance that it can crash and that is really bad.

i think so because the btc price is getting low within an hour . but i hope that it's not if that will continue to decreasing i will convert all my btc to a real currency .

As I am watching it.... It has gone up then back down to the way it was just minutes before.
Very strange behavior indeed for it to do this all in an hour. Not just by small amounts like usual but huge margins in between.  :-[

It is normal for the swing of price, I think it will rise again as halving might occur on July 10 only. Nothing to worry.
The price dropped due to profit booking by some medium risk traders as per the analysis mention in some btc webzine.

I'm still unsure why people think that very predictable events aren't priced in yet.
Just another normal correction.

nothing to worry about i guess, the huge price increase in such a small time, its only normal for a correction. and some people might sold off for good thanks to the price being so high and dont want to wait until after the halvening to sell of their stack of coins.

Pricing goes both ways.

So just cause halving is coming doesnt guarantee the price folds to go greater then it once was.. its all based on marker buy orders.

And what events that promote that behavior, I`d be surprised if we go pass $1k though if it rebounds back to  $700.

I think it just rose to much too quickly. There is no need to panic. I used that opportunity to sell a little and I'm buying some again at a cheaper price. We will see fluctuations but the price is still up a lot from the beginning of the year.

Man, I kept saying that the halvening was priced in for the longest time and I never saw how it couldn't be.  But having said that, I kind of expected a bump beforehand because of the buying due to those folks who are expecting the halving to mean something.  If that makes sense.  Don't know how to explain these recent price movements.

We're in it for the Ong haul. Don't worry about the dips. Any experienced Investor will tell you it's all about the time you hang onto an investment, not the short term dips and waves. No Bitcoins aren't crashing. It's a dip because of the huge recent rises. It's a correction that was inevitable.

BTC will not crash now; it should come back up before the halving: it should recuperate one last time before it finally corrects itself for good, right after the halving.

BTC's problems are unsolved and unsolvable: that does not bode well for a shiny and valuable future. Come on Bitcoin, we are fed up of 1 hour confirmation times. Centralization is another major BTC issue which cannot be resolved. Long term prospect are not very good.

yes it will rise later. but first it will drop to the very lowest lol. if you bought btc when it hit 600, you may wanna take profit for now and wait til it drop to $400.
that way you can secure profit.

It doesn't seem right to call it a crash when we were under 500 not long ago at all.  It just seems like a bit of a correction after the market got ahead of itself.  I'm thinking we will see stability around the 650 area for a little bit.

Theres no need to worry It just a little dump than its pumping from $400+ to $700+ and now its in $600+  though its decrease almost $100 for just a few hours but does not mean that bitcoin is crashing,  its just a normal from the increasing and decreasing of  bitcoin price. Maybe 24hours later it will increase or decrease again depends in its users.

This law of supply and demand does not apply in the case of Bitcoin, there are many better alternatives to Bitcoin now; coins which are not centralised and with reasonable confirmation times.

The only thing at play here making BTC price go up is cattle investor psychology. Bitcoin should drop right after or slightly before the halving.

Its not crashing it just has periods that its rising and than again lowering these days, its just unstable but this is logical for such an investment plus the halving is also coming so that makes it also going down and up.

this is just a correction because of the sudden rise in addition to panic selling which is always an issue with bitcoin whenever there is any change in the price!

crash would be going back to $450 which is also not likely.

Yes biggest is China, if they decide to sell it will crash like anything and if they buy it will zoom past all records. So big players across globe is dominated by them. Hope it not the big crash this time.

Yeah just lets hope that it will not happen.. china is one the reason why the price is increase.. but i think they are just sell few bitcoin not all.. so that the price will gradually decrease and pumping..

If that happens then it is good for many because they will buy bitcoins at low price but for some investors who bought it for a high price that's not good and to wait for price hike again.

I would not say it a crash. It is just a fix.
Price is getting a fix. It was overrated.

No, it will not good, and now people do not want the price to drop down, they want the price of bitcoin to rise more and if a continuous rise in the price of bitcoin occurred then everyone will start to buy bitcoin with all of their wealth and will get bigger profits.

The money that's come out of bitcoin doesn't appear to have gone into altcoins which makes me think its been cashed out.  I dont think it's a crash though,  in the coming weeks i kind of expect an explosion of price,  atm whales may well be shaking out the weak,  they dont want you there when price goes up or else you cash out.  My advice is to hold.

Some wealthy Chinese people have bought Bitcoin in order to get their money out of the country. And as soon as the money is out of the country, these people will directly cash out to their bank accounts.

I've known about Chinese buying alot of bitcoin but i never really thought about them actually cashing out in another country. I'm hopeful that once theyve used bitcoin once they will get the bitcoin bug and invest in it.  I hope that's the case,  or else you've just ruined my day.

I think bitcoin is not crashing  ! It's just a little period and will rise again ! There is a volatility of bitcoin .

Btc is not crashing, and if we saw a bit price decrease that is not a huge thing. Fluctuations in btc price is something that we see all the time. I don't think its something that need to worry us. Simply price correction, or decreased demand..
We need to be patience, and to not freak out when ever we see price decreasing. I understand that, cause many just wish fast earning, and for people who are hoping for really long run this is just one little thing.

It definitely does go into modern coins. Even the hacked and totally dead DAO overtook Bitcoin by 30% in the last 24 hours.

Bitcoin price is saying it is true  , bitcoin price non stop going down i dont know when it will stop but it is so bad i bough some bitcoings 2 days ego but now price is so bad i have lost my money in 2 days but i will not sell we will see what will happen.

Well the price had jumped very fast to $770 from $500-600 in few days so normally people will start selling to get a fast profit and this had drive the price down, don't worry they will start buying again and the price will rise again

Bitcoin will moon soon!!! Buy quick buy buy now!!! Believe now!! Halving coming!! Lamborghini coming!! Profit now moon moon moon

I am quite sure that they will use Bitcoin again as they see it's a great tool to get money out of their so closed country. The only thing is they will most likely only use Bitcoin for that purpose. Let's hope for the best.

Not so fast amigo! Price of BTC is already very very high for a currency that is not very useable, not very convenient and that does have a vision for the future as it is very centralised, in China. No, I won't invest in BTC.

China is gambling on the price after the halving. Once this day is gone and nothing has happened I expect a big dump (at ~ $250). The current volume is so high there that for the next months the price will closely depend on their speculations and believes.

Your post shows that you are young in trading and btc, and you catch wrong time for buying. Its easy, on 750 $ traders sold their coins, after this dump in price they will buy again. After this game they will have more coins. Its hard to catch good moment for buying/selling, cause of that trading is not so easy as it seems on first view.
Anyway after so many months under 400 $, you waited to buy on 700 $, you are not to late, but you will need to wait for some profit. Next time try to play it a bit more smarter! Good luck!

Well i think the dropping price is still in the normal zone, its true that before halving that the price is going to up continously, but some people believe that after halving the price wont be as high as now, so some of them sell their coins

The price was at overbought levels for the last couple of weeks and I think now that price has gone down, it would return to normal levels. That price surge was too fast so the decline was to be expected. It can't go on climbing forever and the timing of the plummet is just ok. Let's hope it holds the $550 support before making any bold actions.

Buy bitcoin and hold it. Dont worry much. It will hit $10000.

Well at least the good thing is,  if you where wanting to buy any cheap coins then now would be the time to do it.  We are sitting at far more affordable prices now.  Its a pitty i didn't sell at the top and then re buy.

$10,000 for bitcoin is more like a dream and unreal.
but bitcoin price will rise eventually, and will reach $1000+ and most likely this year after the halving. but his decrease is not a crash it is just coming back to the normal bitcoin price before the rise.

The price now is around $570.. Well it is not expected but still a nice opportunity for buyers to grab more coins before the halving  ;)
Don't know what will be the impact of the vote to Brexit in the price, we will see

I don't think that it will happen because as of now it's impossible for bitcoin to reach that kind of huge price. If ever that would happen i think it will last because anytime it will back to it's $$$ price because many users will sell their coins if that happens.

I also think it's not crashing, it's just a moment of time when bitcoin gone down. It's normal thing for it's economic. Cash would be if bitcoin fly down every minute. But I don't see any big reason to worry, it will rise again and even cross the previous hugest point.

Yeah it's natural because the bitcoin is depending only on the users. Many people said that "Patience is a virtue" so don't worry and just have some patience because everything will be alright soon. I also think that the price drop of bitcoin now is a blessing in disguise because we can now buy bitcoin for a lower price and after a few more days we can sell it for a higher price and get some good profits  ::)

I see the movement as pretty normal. It rose quickly, so it should drop quickly as expected.

In the long-term, I see a positive slope. When BTC just started, it was worth a few cents. Then, it was averaging at about 40 USD. Then, it averaged 100s.
It went up to 1k until the Gox bubble popped, then it averaged at 200s. Now, the average is 400+.

it will be rise

I think that bitcoin is not crashing just having a little dump before rising. It just happens most of the time I think by july it will rise. So hold btc now and wait for rise.

It is unlikely to happen but whatever time comes, and bitcoin is not crashing we can see some huge price for it.
But it is not fix at the moment but it could pump higher than that too in my honest opinion.

Price is just decreasing don't worry, i think it will get back to $450 soon, cause halving is really coming 16 days left. People who slold theirs bitcoins when price was around $700, congrats.

such a dump means crashing, crashing does not mean a disappearing of bitcoin or something like that, and bitcoin is definitely crashing right now as it takes other people money and they lose it

i think it will be just temporary in my opinion after a few weeks the price will come back thus people will get a possibility to make money back and have a lot of profit in really short time

i m worried about bitcoin price really today morning bitcoin price was so bad and now it is trying to find last day price but i m scared about bitcoin prise because it is so fast changing it is mean you can lost your half of your money in 45 minutes it is so risky .

yeah, we don't have to worry because of this small price drop the price of bitcoin in this whole year will increase and sooner we will see te value of bitcoin around $1000.

If you ever think that bitcoin price is going to be rising only in all days, then you are totally wrong. as you said it all depends on the supply and the demand. so when a lot of people sell the price go down and that is what happen in the last two days

All this recent up and down movement is correction plus accumulation.Bitcoin like other markets can not have just one sided direction up or down.All you need is to stay calm and hold.If you can't then see if you are with profit just make exit but don't sell or buy in panic.These panic buys and sells always lead to loss.Bitcoin is looking good and correction will make it stable.

I know right, but then what if it did come.. and it wasnt based on anything but promoted market buy orders.

Thats a possibility that very few people even mention about, esp on what causes people to buy.

10k in five year will be hit
dont think it will now be that much any time soon 1000 is easy hit for this year

If that is the reason and Chinese have control on bitcoin price because of that the why we do not buy bitcoin ,we have to invite all our countrymen to bitcoin and have to encourage them to use bitcoin so our country will also have power on bitcoin price.

China is trying to flourish bitcoin and not to destroy it, so they will not think about its crash, the price dropped down because of bitfinex , the Chinese are working their best to make bitcoin as a global currency.

i don't think chinese care about bitcoin, miners admitted that they do it only for pure profit lol, they only want more money in their pocket, chinese are manipulating the market like no one in this moment, i'm sure that they are responsabile for the horrible p&d that are taking place in thsx exact time

Yes, there are the big whales who only to buy more at the start of the next month decided to drop down the price, as they know in the next month every person who know about bitcoin will buy as much as possible and the price will touch the moon.

when you invest a lot of money in something (mining farms equipment,....) then you care more than anybody else about that "thing". so how can Chinese not care about bitcoin when they have the largest mining farms and largest whales in the world. of course they want to see bitcoin stay on top because their investment is at risk if price falls to a certain level.

Looks like a rally is happening now. It jumping up as i post this.  :o

There is a big crash will happen after this coming block halving and i think better to get ready to sell your bitcoins before you late to make a profit..
4 days from now we will see halving and what will happen to the market..

The price is pretty stable right now. Falling and rising a few dollars every day, but there is no big price drop right now. It is going around 670$ and it is not moving very much. It will go pretty high when the halving comes. Anyway, it won't fall, it will just go up an pump hard at the halving. Don't expect falls in this period.

if you are sure it is why you do not sell your coins, I'm sure you still hold your bitcoin for halving and expect to get the higher price due halving.

In my opinion, the only people affected by the halving will be the miners. The market is well supplied, even oversupplied in BTC, as demand cannot go up due to BTC usage limitations; so I do not think halving will have a positive price impact on BTC, anymore than it already has.

With current network hashing levels and the cost of mining equipment and electricity, Bitcoin mining has become uninteresting to most miners; it will remain uninteresting until many miners go offline. BTC halving will have an impact only on them, in my humble opinion.

And this is exactly how it's going to cripple bitcoin. So many miners will stop after the halving as they don't feel like running at a significant loss. Leaving the network crippled, crashing the price, causing more miners to quit, and there we have a nice vicious circle where Bitcoin ends up as Tulip Mania 2.0.

Price is acting strange now.
It is falling to unforeseen amounts in just the last month before halving  ???
I aw it at $620 but now it is going to $611. What is happening to it now?

yeah, the price doesnt seem to look really good right now unfortunately though i hope that it is going to grow a lot in the future thus making me some good money, bitcoin will surely not crash

Yep

Well price is falling, because the recent price spike was not based on any fundamental improvement. PoW is obsolete, 30 minute confirmation time for sends is also obsolete; BTC mining is centralized.

BTC is in bad shape.

Crashing implies that there's no one in control. This is more of a forced landing.

A bit of a shakeout i belive  :)

Unfortunately the altcoins market does not seem to follow this logical market law, my friend.  There are many other factors behind the erratic behavior of the bitcoin price; markets are always difficult to predict but altoins are even much more difficult to foresee because of the absolute speculation behind their values and the lack of objective parameters to determine their real value, so it is highly likely to see a future  crash in most of them.

A shakeout or shakedown?

The price seems to be bouncing back now but it is not looking as good as it did just 12 hours ago ::)
I believe it will recover by halving.

Price is clearly coming back.

The long term  is up, can't do anything against that you know? :3

i dont know how you can find btc crashing right now,it is keeping the regular price so far,and it
is feeling pretty steady right now,the volume is getting down just before halving.
Wait some time to halving,and be feared that it will crash haha

No, look at the confirmed data sources. Long term is down as people realize the mining analysis is clearly negative toward the data and technical analysis data studies. It's pretty clear, and if you don't want to lose money, sell your bitcoins now.

Bla bla bla bla bla!

https://i.imgur.com/mH57lSF.jpg

Sorry to have upset you but the facts are the facts. Just check the Chinese and Russian data sources. It's clear bitcoin is in a long term down trend toward very low lows. Bitcoin is a cool idea that cannot practically work technically and we're watching its failure. Sell now while the price is inflated.

You might as well give up, Llama friend. Bull cattle more stubborn than Goats, would rather lose moneys than take scientific advice.

It is only a wrong prediction and I don't think that bitcoin will crash, it has a good coin and it will survive, it should have to survive as it is the master crypto coin and if this coin crashed then people will lose faith on other coins also and with that all other coins will also go down, So I do not want its crash.

BTC seems to be stable ,   holding mid 600.   we might get down to 500 USD  within a week or so due to some panic sales  by people who were hoping  for a miracle by halving day.  After the dump it will climb  to around 900 in Q1 2017

Climbing will come eventually but 900 seem to be al little bit optimistic. At best I see a curve back to 700 and maybe the old high @ 770.
But yeah a dump is likely to come.

If Bitcoin was usable (i.e. confirmation times averaging about 1 minute per BTC send and with a PoS algorithm), there would be practically no limit to how high BTC could go; in the trillions, possibly.

Unfortunately, right now, BTC is not very useful. Even Paypal is quicker in making and confirming payments. Oh well, BTC was a rough draft for upcoming exciting coins.

most people know nothing close to little about bitcoin and when they really know what bitcoin is then you can expect the crash.
other than that it wont crash for a while so don't worry.

not just the price rose after falling yesterday, I hope that now it is time prices will start to rise because half only a few hours.

^^   yes , in the next 20  hours we will see if new buyers will jump on the train hoping for profit and that would make the price go up even more. Just hope it goes up slowly so we do not see big dump straight after the rise

Relax guys. BTC has been playing this little up and down game for 3 years now; only now it's coding weaknesses have become visible and rendered it unusable.

I dont invest in BTC.

The bitcoin ecosystem is healthier than ever, because it has withstood with strength all the worst forecasts after the last halving, and it is a clear sign of an increasing stability, and this undoubtedly will make the bitcoin more trustworthy.

bitcoin is not crashing the price just stable for now , and sure the price will rise again in next 6month, im sure we can reach $1000 again

Agreed. BTC price could possibly go to $1000; looking at the financial data and market value, it is possible. For an investor that's a very risky 50% gain.

At the same time, some exciting altcoins which are very cheap right now stand to multiply their value by 10, for a risky but interesting possible 1000% gain.

Bitcoin's unstable is normal because bitcoin is volatile. You should expect on the market that bitcoin sometimes drop at $10 and sometimes increase at $10 too.

Bitcoin price is not crashing its still in the good level 600 value and its very impossible right now that the price will crash because supply right now is very low anytime if someone people are dumping huge amount of bitcoin im sure more investor will attract to buy if they seen that the price is low..

oooh yes my friend, mining supply is lower than before, but it's still higher than the real need people have for Bitcoin. A crash is very possible; a small price increase is also possible.

50% loss vs 50% gain, which one will it be?