Bitcoin Forum

Bitcoin crash, we know what is the reason?

I don't see any crash lol.

http://memeshappen.com/media/created/weird--where--meme-33736.jpg

Bitcoin crash? The bitcoin price has been trending up since Oct. '15 when it was trading for $230. We're now at $640.

This is not a crash, it is called a correction and it was expected. Anyway I think it will go up again next month when the halving occurs and by the end of the year we may see ~ 1000$ ;)

The Bitcoin price is going higher and higher in the chart. Well, there might be a hundred price drop a few days back but it is expected from a high rise.

With the correction in place I do expect the price to stabilize or even retract to 550. Halving is near and no Brexit money is going into bitcoin, because if you watch the charts there is no extra volume apart from the usual volume.

But let's wait, perhaps the last week of the halving can bring a rally.

Yes, bitcoin is crashing... upwards for the last few weeks. So you've noticed it too, huh? One of the reasons probably has to due with the upcoming halving and many people seeing that the price is likely to increase significantly because of it. Also, fear of missing out leads to increase demand and higher prices.

There might even be a last minute pullback so those who were not able to buy at such low levels can still join the party. If another opportunity such as what happened last week comes up, I'm very much willing to buy some more. The Brexit effect might not affect bitcoin price in the near future, but in the long run, I think it could also be a contributing factor to how the price moves.

Do not worry too much. The price is quite stable now. It is trading around the $650 range for a few days.

bitcoin users always magnify everything.
with a $50 rise everybody starts howling to the moon
and with the same $50 drop they start crying wolf [pun intended]

Can you really explain us where you so this crash? Yes, there was a little drop in price of bitcoin, but now we are back in yhe game. Btc is rising again and people are happy, and that is ok. But I don't why people start to cry when they see price is falling? If you didn't learn until now, probably you will never understand price fluctuations.

Also people like to trade here, but everyone like just price to go up!? Like when someone wish to win all the time in casino. When will people relax a bit, and let things go slowly and steady.

Come on, be honest! What you call a little drop is a drop from $791 to $521, a HUGE drop of $170 or more. A lot of people LOST a huge amount of money during the CRASH. It put a damper on the market, a cork screw in may people's heart. We've recovered from the shock and now we're pushing against $700 but it's not certain we will breakthrough.

Please stop pretending bitcoin goes up ALWAYS. If you've been here long enough, you will see a majority of the forum users form a giant circle jerk, blind to the obvious nature of bitcoin, only seeing and expecting $10000000000000000000 bitcoin. A HUGE disappointment is headed your way.

It was not a crash but a correction, and a chance for whales to get in at lower prices once again. Their supporters just helped them dump their coins on these buyers, and they bought in once again at lower prices due to this panic selling, which is why the market got stabilized once again near 660.

That is just a correction. The bitcoin price has risen too fast in the last two months, so a correction is needed.