Bitcoin Forum

I thought everyone was going to go balls to the wall after Brexit but it seems the price is stagnant for the past few hours. Call me conspiratorial, but could it be that the price is being kept down artificially? Is there anyway in the bitcoin system to keep track of all transactions and who specifically is doing the selling?

Looking at what previously happend with the price, I think it's mostly fear.

However, I don't think someone can keep the price down artificially.

We don't have to worry about the price of bitcoin, as price fell past few days but not again it has started to rise, so price at halving would be definitely high, so try to hold your coins till then.

Brexit will not harm bitcoin, bitcoin has its main centers in China and Russia, and if Brexit will have any effect then they will be positive and not negative, and the other factor is the halving which do not depend on Brexit.

Credit seems to have been positive for silver and gold, so likely the market uncertainty will be good for Btc. Probably just a down trough on the way to the moon, and people are flagging it to an unrelated event as the cause like credit, since as humans we like neat simple explanations : )

Stagnant for the last few hours!

Is that an oxymoron? It seems like it would have to stagnate for longer than a few hours to become stagnant!  I still see some uncertainty ahead, Bitcoin's price should appreciate in the next few weeks.

Check out the charts: https://i.imgur.com/j5OsqZ2.png

Inverse head and shoulders pattern forming, breakout will be within the next 4-8 hours

Mark this post.

I don't think the brexit has much impact on the price (if any at all). People right now only focus on the day the block halving will take place.

Things sometimes tend to not react the way you think they're going to.  Everyone is trying to think of how the other person is going to react to news, and you just never know.  I don't know why Brexit is so important anyway--but I'm completely ignorant of politics and European issues anyway.  I don't even know what's going on in my town.

Check out the precious metals markets.  They have definitely reacted in a positive manner, and those are safe haven assets.  Bitcoin I never saw as something you'd want to fly to for safety.

in my opinion it is surely possible if the person has a lot of bitcoins because then it is possible to move the price

i think the price is pretty stable at the moment so we might expect the price increase to happen soon

In theory it's possible, but in order to increase the price with 0.5% a person needs to buy ~250 BTC from the market.

my friend has tell to me that don't be worry about these situations and he said i must buying bitcoin when the prices down several days ago because he believe prices will rise up and would reach to $700 again soon and I took his advices with buying more bitcoin and it seems his predictions would be come true because only need $25 to reach $700

The price is dropped down by those sellers who feel fear from bitcoin and start to sell their coins as soon as possible, so they put the price lower than what is at the buy section of the exchange so that they sell their coins before that one.

Yes, now the price is much better, now we do not have to fear for it, as it is going to rise the brexit will keep the price of bitcoin to increase more, Euro is affected with that but it is also a short term drop, Euro will also come to rise again.

The price is dropping because there are allot of people who just holding their coins and that is not really great off course.. And
i think that soimething with england has also to do with this enormous price drop for sure.

As you can see the price of the bitcoin drops allot and i dont think that has something to do that we are not spending allot of coins.
But i think that england has something to do with this becasue they want out of the europian union.

Let's face it. Brexit  is overhyped event and has really little to do with changing any economic equilibrium in Europe. I thought that it will be more impactful as well.
But England won't be out of EU for at least next 4 years. And North Ireland and Scotland both want to stay in EU.

People are holding their coins before they expect the bitcoin market price to increase when the bitcoin block halving occurs.

I don't agree with Both of your statement, i think correct look as follows ;
1. Holding bitcoin for long term will lower the supply so price will go up.
2. You are talking about brexit, which have only made bitcoin more stable and also i little pump in price after brexit decision.

people are always looking for things that might shake up the market. while the brexit does affect the stock market and the value of the gbp, it has zero effect on bitcoin. and maybe they will not even leave europe as things are not settled yet.

The price is keep on decreasing. Bitcoin doesn't get influenced by the world economy but this time the collapse in world economy due to Uk also impacted the price of bitcoin this time.

The price is being manipulated with Chinese traders, there's no real demand at all. It was all a pump and dump of this chinese traders to build a fomo around the bitcoin community and make a profit.

Relax,and think positive..bitcoin is at 630 now so theres nothing to worry about.. that price is still high  compared last last month which is 450..btc will recover next month.

Harsh conclusions!

A different take: There is a LTC/GBP market at CoinsBank. There has been BTC/GBP markets on BTCe, gone some ages ago. The brittish aren't so much into trading their currency for BTC.
Brittish manufactored mining equipment beeing a thing of the past, too. Anybody remembers those FPGA assemblies? Cairnsmore 1 ?

But Brexit shakes all those Fiat markets, so ... good advertising, even if not instantly affecting the scene.

i think you are right, brexit nearly had no impact on bitcoin to be honest though its a bad thing in my opinion because it would have been better if the price grew a lot

the price is really stable at the moment and does not show any signs of increasing at least right now, i hope this will change soon and we will see some positive trends that will allow us to earn money

I think the current price of bitcoin fairly stable, at least bitcoin prices do not fall below $ 600, it makes people not to panic. but if there is an increase or decrease in the price of bitcoin suddenly I think it's a natural thing

I don't get what's happening to the price as it was up after 20th May and now it's again fluctuating between $550-$700. I'm not interested in the price now as I feel it might just be stable at $600 and it would be profitable in the long run. GBP price fell and it brought down the BTC price as well.

The price was corrected which is completely normal. If he price goes up with hundreds of dollars, if just normal for the market to correct it, which caused stability and a new 'low'

The price is now much better a few days before the price gone down because of the bitfinex, but now people once again started to believe on bitcoin and are now buying them and I hope brexit will have a very good effect on bitcoin.

What is going on with the price of the bitcoin as you can see the price of the bitcoin has dropped allot after a couple of time.
We dont know what happend but what i can tell you is that the price will rise again for sure.

But you know that last week, at thursday night to friday morning Bitcoin shot up from 550 to 680 due to an officially announced Brexit!
During that friday we saw a peak of 698 at finex.
So the Brexit had a positive effect after the huge correction which happened shortly before that.
Now it looks like we could move a bit sideways in a 600-650 range.

Looking like a dead cat bounce in the aftermath

What is going on with the price as you can see is the price dropping his loads. So that means that the price of the bitcoin is getting very low and that cant happen
We need to keep the bitcoin as high as possible but there are to many people who just holding their coins so we cant go up again.

You're very negative if you put it that way... It's actually a great thing that we still manage to keep the price above $600 with all the selling pressure.

It seems to be stable es. I've got no problem if the price wiould stay here for a couple of weeks. Above 600 is way more then any of us had expected in january.

As you can see the price of the bitcoin has dropped allot that is what happens to the price. The drop of the price can causes allot of things you know. The situation with england in  europe can be a problem
for the bitcoin and off course the halving can causes allot of damage to the bitcoin but the miners will feel it hard.

Yeah it seems to have finally stabilized after it's short up and down with 700. Now I think it'll stay stable until halving occurs. Now only time will tell.

Brexit right, it's a good chance for bitcoin price goes up surely the people who live in england now are scare if pounds get low to other currency so maybe some people at there would buy bitcoin for a moment.

how can you say that bitcoin is not affected by the world events? it is effected greatly in my opinion, remember the time last summer when everyone thought grexit will happen? the price was pushed a lot back then

the price is pretty much stable at the moment i think and we will have a really long time to go until its going to grow a lot, i think we might reach 1 thousand dollars this year possibly

As you can see the price of the bitcoin is dropping very low in just a short period and that is not very well becasue we want to see the
price of the  bitcoin rising and that is what we all want. Believe me the price of the bitcoin will rise again for sure.

well maybe after a price increase that occurred, the current price of bitcoin is not too high and become stable, but I think this is something that is very good, it is because the price of bitcoin in the early months of this year, has risen to the height. although halving not raise the price in accordance with what we expect but I guess bticoin price increase will not stop here

I think the price surge already happened few weeks ago and will never happen anymore even the halving come. What we see for today is the stable price of bitcoin and this might be a good news because it's not being manipulated, or maybe whales aren't dropping their coins yet.

the price is hard to guess, can sometimes make a surprise. so I think before halving happen, it would happen the price hikes in the next few days when it was getting close to halving.

If they will start dropping their coins then price will go even lower, but I think they are holding at a moment as even they are expecting higher price from halving.

why you think holding bitcoin will press the price, if all hold than supply will be limited and price will go up. You have to understand supply and demand principle.  ;)

So what you're telling me is if people just hodlded BBQ coin, BBQ coin would be worth a fortune now, because supply and demand?
You bought plenty of Beanie Babies too, back in the day? Still hodling those? How's that working for you?

thats true i think, people are holding a lot of bitcoins right now because they are expecting to make a lot of money when the halving will happen but to be honest the price could fall too

at the moment it seems that nothing happens with the price but i think that soon the price is going to either grow really fast or fall really fast, the price is unpredictable in my opinion

If you are aware of this then you should know the price only fluxs when theres a ton of buy orders.

Regardless of the hold situation youre pointing out. Keep in mind its "buy orders" not based on people on holding bitcoin lol.

The "holding part" which you mention just only enforces people to buy more as a natural marketing that comes with it.