Bitcoin Forum

Too many MOON expectations, too many longs.

We must go down.

I think both way possible during halving or after halving day. I also think selling bitcoin few days or one week earlier halving day will be good move to buy cheap coins. People will short if price remain in current price range till halving.

Bitcoin has only two options ,go to the moon or go down deep,as deep as the ocean.
If you would to choose ,what would it be? And why..
For me im still hoping that bitcoin will fly into the moon.

Some entertainment to all ye bears and bulls.  :-*


https://www.youtube.com/watch?v=QhMmBlL81nw

anything is possible, you can't predict anything about halving for sure. so both ways are possible that is why i say not doing anything for now is the better choice.

we should wait and see which way bitcoin is headed then decide what to do.

and i should add that while moon has no limits, the crash can only go down less than a hundred bucks.

Your prediction might just come true, because I think there are a lot of people waiting for the "Moon" price to sell, and the current volatility is showing that some people already reached their selling point for speculation purposes. The day trader will love this volatility and they will not be put off by this.

The hype surrounding this whole event, will bring some disappointment, because I do not see any Moon price coming from this event in July, based on the current volumes. Yes Brexit and China did contribute to lift us from the $400 price ranges, but it's not enough to lift us to the Moon. ^hmmm^

yes indeed people hoping prices will going to the moon after halving however i think we have 2 possibility for the prices and the first could be prices rise up as many as people has expected and the two could be the prices will going down because too many people holding their bitcoin so it would be happen big dump

In fact, i can guarantee it will plummet
If anyone wants to make a bet with escrow on this, please send me a pm.

I suspect it's going to take a nasty dump too! ::)
I am already prepared for any eventuality.

It is time to be tested. 

Too quiet.  Storm is approaching.

There's another option besides going to the moon or going down as deep as the ocean. Going sideways is a third option. if you zoom the charts out sideways has already started. The price could stay in a $100 range for months.

Added some more shorts. 

Opened some more shorts.

although anything is possible with bitcoin but bitcoin has already gone up compared to the creation of this topic so there is no "must" and even if there is a down, that would only come after a rise which has not yet happened.


i still remember your predictions for crash to $100 which never came true. and your history also shows the weight of your word.

Well for me it must be go high and i think it will happen in block halving day. in short the price of bitcoin will be increase more when block halving is done..

Crash will happen after few months..

I also expect the price to go down heavily after the block halving, but it doesn't bother me as it allows me to make very decent profits with the market being this volatile. Whether the price goes up or down, profits are always there. :)

shorted a bit too early i guess? want to get back in with smaller loss? i wish you good luck  ;)

imho, it will not go down much further than 650.

When China wakes up we will go down a bit more I guess, I am getting some shorts for a day.

I'm in China now and trust me, people are awake....
You can hope/pray for a crash but that's All you can do..

You've been predicting the end of the world since the world began, yet you still hang around like a little parasite....
I doubt you could even afford a proper bet.... Lol

i got him on ignore, but since you quoted him i was forced to read it. i think i will stop ignoring him, it is such entertainment. price made a turnaround the very moment he posted ... :D

The moons hype price is 1000$. Everyone hoping for bitcoin price to reach 1000 so that they may dump their coins. Lets see this time at halving what surprises bitcoins bring to us.

Going south

We should expect anything on day 1. Rome wasn't built in a day. If you think that single day is so significant you are missing the point. However on month 2 or 3, expect at the very least the beginning phase of liftoff. It will take some time for the supply cut to take effect

^^ This.

It will take some time until the supply is limited on the exchanges, we might see some real movement then. Until then though any price swings are speculative.

It is only a rumor and very sooner you will see that the price willl increase to a much higher value after halving and it will not go down for longer and we have to support it if we do not want it to crash.

This "supply cut", as I already pointed out often here, is less than 2% of the daily supply on "real" exchanges, and even much less (around 0,3-0,5%) if you count the Chinese zero-fee exchanges.

I don't discard that it can have an effect in some situations. For example, if the market stays bullish, the price would certainly go up a little bit steeper than before the halving. Instead of going up 3 percent per day it will gain 3,5 percent, perhaps.

But in all other situations (a weak bull market, sideways market or bear market) I expect that the small supply cut won't have any effects at all. Every day the supply/demand changes are more important than these 0,5 or 2 percent. And at some point there will be many sellers because some big players will take their profits with them. We're still not really a currency, that's the problem.

Market is unstable due to the European nations issue, but this won't have impact upon bitcoin. Also nothing is sure of bitcoin, so possibly anything could happen with price on halving, but upon most predictions its sure to have a increase in price on halving.

Yeah because people are believing thats why the price is still not reducing instead the price is increasing daily and more buyers are coming so that the price of bitcoin is increasing.. and honestly i am fraid what will happen after block halving because many people are ready for their bitcoin if they see that the price is increase and hit to 700 and 800 value.. and we will see high crash or more dump after block halving..

Nah, it could remain at a stable price like it did at $430.  Bitcoin IS supposed to be a currency,  is it not??  Currencies should be stable.

Yeah i think its imossible that the price will be back at the past that the price of bitcoin is very low.. we are all increasing and more people are buying bitcoins and more store are accepting bitcoin as payment and i think more adoption wil lcome with bitcoin so bitcoin will not go back where the price is very low..

The price has behaved very much like the price of Litecoin leading up to its halving last year.

In the Litecoin case, a speculative bubble formed leading up to the halving. It popped shortly before the halving and continued fall after the halving. It eventually flattened out. The difference so far in the Bitcoin case is that the relative high was much lower than Litecoin's. I believe that means the fall will also be less.

The crash has already happened (falling from $770), and I expect the price to continue to follow the Litecoin example and continue to drop through the halving.

The major 'crash' has happened but I don't think another major crash will happen anymore.
It seems to me we find solid support around 580-600. Just like we had when it was 380-400

Reason for Litecoin to get pumped way more than Bitcoin before the halving is that it takes waaay less money to get the price up to much higher levels compared to Bitcoin. Another big difference is that Litecoin is basically a useless coin as the only thing that keeps it somewhat alive is its listing at BTC-E. So the Litecoin bubble had to pop.

We cannot be sure about anything when it comes to the price of bitcoin, the price is extremely volatile which will never allow you to make your mind about the price.

It is really possible, of course. Actually all scenarios are possible, but we only can be patient to wait for that expected day and see what will occur really.

of course it is possible in my opinion and it is a really great thing about bitcoins that no one can actually predict what will ever happen i think thats one of the best things about it

market will always be unstable as far as i know how it works, though i doubt that it will crash during the halving day because bitcoin has a lot of potential to grow right now in my opinion

I dont tthink the martket will crash around the halving because the people who are in the bitcoin right now are not very stupid and dont going to trow their
coins just away. So crash wil he not but there can come a big price drop and that will not so very profitable for everyone with a bitcoin.

prevailing demand for bitcoins will stay constant, forcing the price higher once fewer bitcoins are being generated on a day-to-day basis. crash wont occur very soon.

no i'm not believing in any crash and in any rise at the moment, notice hwo the market is playing in the same range all the time, that is called consolidation

the price is consolidating at current level, the recent crash from the peak to the present value was just a correction, not a real dump

there will not be any dump with the halving, i'm expecting another rise after the halving, but not the day after the halving, but within 2-3 months after it, so later this year

People are as volatile as the Bitcoin price is. Once the price goes down people say "the dumping has started", and the next day when the price goes up the same people say "the price is going up, great rally, I told you so!". I think directly after the halving a dump will happen as people simply have way too high expectations from the halving. It can only end up in disappointment.

Hodlers are getting more and more nervous. Month ago they expected moon today.

DOWN WE GO.

Yes the price and market very unstable, but i am sure for 3-5 days after halving price going to explode first
during the hype. after that price will go down again

Agree with you.

Going to sell most of the holdings, just in case

Is true. Bovines already in damage control mode, nervously moving goal posts to
::)

Although I am seeing another correction along the way, I am optimistic that it will stabilize at around $800 or $900 by the end of the year. What the halving brings is something we are not sure of, but if it makes the price surge past $1000, I am going to sell some and then just wait for it to correct to be able to buy again.

yeah, we went all the way down from the $370,- since jan 11th 2016. down to above $660,- today.

your desperate attempts to talk the price down are funny. when did you sell? my guess is below $600,-

my condolences.  :D

Down we go :)

i see..
what a giant sell-off. we are currently @ $672  :D

edit: $675..

Market is unstable since the beginning so what's new? That's always happen.

People gets profits because of the unstable market price.

I dont think the market will crash after the halving because there wil be allot of people also keep their interest into the bitcoin as you know
the bitcoin is very popular these days so dont be afraid their will not just happen something.

Down we go.

currently @ $662

There was a picture what had happend other halvings and it showed that price went straight to the moon half a month to a month after.
Anyone know that pic?
I hope the same thing wilm happen

No picture will help. 

Down we go. ™

This seems to be my guess as well.

The price of the halving might set in higher around 1 month at best earlier but 2-3 months is still something to be expected.

In my eyes all I did was double of 8% bitcoins inflation of that last value which was $670ish only few days away for the halving?

So if the valuation hits should be double $1200 since after it would be 4% bitcoins inflation.

Why not do both?

Its what I`m doing just to save my position just incase if it were to happen, but seeing the prices to go back is very hard since you`ll have see based on the markets fear reaction etc how it was with $700 down to $600 type of thing.

Hope is a poor trading strategy.

them sayin' never try to catch a falling knife. that could hurt, i agree.

but....  do you realize what you are trying to catch?








http://www.hacknmod.com/wp-content/uploads/2008/11/rocket-launch.jpg

 :D

Price wont drop too much. We are in  an uptrend. Dont forget this.

That's so true. When bitcoins were worth nothing and overnight it increased to $100-$200, that time also it was unstable. It's the same with stock markets too and hence people invest in it because it can earn you double-triple profit overnight. Same is the case with other investment opportunities too.

Meh. Bitcoin is just being bitcoin. The price has never been stable since day one. It might be down right now and then tomorrow it's up again. The next day it would be down again. You should understand that so you wouldn't be doing panic selling or panic buying. Just wait for the price that you are waiting for and then sell your coins at that price.

crashing hard around halving ...... probably to 380 to 430

I am looking forward, I got some money to buy more when crashing below $500.

You can speculate and guess all you want, you can argue for the price going up, and you can just as well argue for the price going down. The obvious truth is: nobody knows for sure what will happen. "Halving" has happened only once before in Bitcoin history, and it looked like this:

http://forklog.net/wp-content/uploads/2016/06/halving1.png

Nothing happened! I wasn't watching Bitcoin much at that time, so I have no idea if it was as hyped as the current halving.
This graph shows bitcoin went up a lot after halving, but that can also have been caused by the fact that Bitcoin became a lot more popular at that time.
Another fact is: Bitcoin is worth about 50 times more than around the previous halving. If that continues for the next halving we're looking at 30k dollars per Bitcoin after 2020. I doubt that though, as exponential growth usually ends in an S-curve:
http://www.forecastingnet.com/S-curve.png

I expect nothing spectacular around the halving. Despite all speculation.

well, that is a matter of perspective. this is 25 days before and 30 days after last halving.

you seem to be around bitcoins for a really long time right now, in my opinion the price is going to grow and you should now that, of course it is only prediction but it might be correct

I never wait for the halving because tyou will never now when it's coming. So dont wait to long and spent some coins mean while. if you wait to long it will not have any profit on your coins. just holding them is not the best way to get  a price increasing.

is this another chill account bought for fud and trolling, you know that there will be another increase and it's imminent, saying that the price will crash now when it did not crash after the brexit fiasco it's just plain stupid

Before any increase there will be strong shakeout.  Too many longs...

$655 USD

$631

$627

Agreed. How low do you think we must go? $604 or lower ($480  :-X)?

The price will not get stable until the halving and even after the halving for some weeks i think, but after then it will increase as many expected.

To all pussies aka.  bulltards

610 USD

DOWN WE GO!!!

Not gonna lie, I'm scared...

Only on bitcointalk is "moon" a verb.  Kind of like "self-escrow" and "investor-based games".  It's an odd language spoken here.

Having said that, let's have a toast to evil.  Bitcoin to the moon.  But as I write this, we're down to below 620.  Ick.

Halving can affect on price its an example of facts happening around now, but exchange value of bitcoin will be higher soon.!

Anyone remember the crash of 1/14/16 when it fell from $430 to $360? The start of a long bear run that ended in the demise of Bitcoin? No? Bueller?

Stand back, stand back everyone! Enough talk, we must operate.
And by 'we' I mean I, a professional.

Make a blockchain incision, Doctor Maxwell, I’m going to massage the heart.
http://cdn.realitystudio.org/images/conferences/confusions-masterpiece/041.400.jpg
Now, boys, you won’t see this operation performed very often and there’s a reason for that…. You see it has absolutely no medical value. No one knows what the purpose of it originally was or if it had a purpose at all. Personally I think it was a pure artistic creation from the beginning.

I wonder if this is what the op meat by "crash". The price looks solid and stable to me.

haha, yeah.
so far this speculation has been total bullshit. because bitcoin price has stayed up and so stable around $650 and just had little swings of $20 which has always been normal in bitcoin.

Still 11 hours until the halving.

Lots of time for something to happen.

But the tendency is upwards now

I am with hdbuck. The best idea is to sell all coins now (or $100 higher), wait for halving moon kids to gather up the remnants of their shattered dreams and a fraction of their starting capital... Then, we will have these bitcorns all to ourselves again, and it will be magnificent.

People are optimistic and that is a good thing, to many big expectations doesn't mean that we bitcoin will crash. People just have positive experience in the past, and now they are just showing faith in btc. I understand why people have such high opinion about bitcoin, for many of us bitcoin is savior and we don't see bitcoin just like a tool to earn money. Bitcoin is growing currency and people believe that will rise much more.
Maybe bitcoin will not go to the moon, but for sure we will stay where we are at least. And for now price is pretty solid, if we see other altcoins I see a big potential in blockchain technology, that why people have faith. Just more people to hook up like we did and btc will grow for sure.

it is halving day and we are going to see whether your speculations are right or not. going down does not mean a crash in the market. the market is quite stable this week more than the previous month

If that was it...it was $610.

610$ won't shake many longs. But it is critical support and if broken we might see 480$.

Tik,  tak,  tik,  tak...

Tik,  tak,  tik,  tak...    ;D

So far there is no real difference beside the lower block rewards of course. Will be interesting to see if the price will tank below $600 in the coming hours.

Tik, tak,  tik,  tak ,...... Kabooom

The lights are going out!!

https://s32.postimg.org/z7i5cuhid/Capture.jpg

Is this what the end looks like? :'(

That's less than $20 swing.

So far no crash, prices at same level than yesterday, considering the normal price fluctuation

Don't be so pessimistic ^^
It's not really important to have a drop, especially after the constant rise in price =)

It looks bad until you zoom out. That's what happens when you focus on a small portion of time vs price. You can pretty much take any trough from a random daily point and make it look like it's a staggering crash. Don't extrapolate from a few points of data. Otherwise, you make a fool out of yourself.

https://xkcd.com/605/ is pretty relevant.

I thought there would be some "sell on news"-stuff. May be small relief rally soon, when it's clear everything is ok.

Few hours left and i think the price still stable no price down will happen so better to dont panic. There is no crash happen those speculation is very impossible now a days..

Happened half an hour ago.  Price fell like a rock. $637.87 -4.04%

6% drop. not really a crash.

It's only just begun...

Yeah. You can start getting a bit worried if it goes sub 600. But even if, as long as its still above 500, it's a good price rise if you look back a month ago!

It's getting up. Crash was because of halving bug on websites + DDOS.  :D

I always wonder why anybody will DDOS on Bitcoin? A successful Bitcoin will lead every other crypto-coin higher.
United we stand.

What bug ,who was DDOSed?

Exactly! There's an inexhaustible supply of marks, plenty for everyone.

Markets/exchanges, halvening site, chart sites

and halvening bug - some sites showed wrong price for halvening reward (it was negative).

Not really a crash but far from what was expected by most as the begining of the moon ^^

i´d be happy if it would repeat the last halvings pattern. check out bitcoin performance in 2013  ;D

You want to say that the price dropped because bitcoinwisdom went down???

bitcoinwisdom crashed for me too.

Btw, main reason was halvening bug on sites (wrong reward number) and people panicked that bitcoin got broken or something. Just look around on news, it's everywhere.

Bro if you think that was the reason then you're missing something.

For people waiting to enter the market, below $600 prices are more than welcome of course.

That's not the case with the majority of the people which entered the market above $600 not very long ago.

These people are waiting for the price to go higher and not vice versa. Either way, you can't please all people.

Well you can wait again to get btc for less than 600$ ^^

This doesn't mean that the price must raise, a lot of people bought at >1000 and where we are now?

350 USD in August

This is the Calm before the Storm, I think...  ;)

The $40 drop was at block #419997. ie, before the bugs were even seen by anyone, not to mention blockchain.info bug != bitcoin bug.
one other thing, the negative number you saw was the fees. The reward bug showed 16.66666666 for the first blocks after halving. Blockexplorer showed the correct reward from block 420k. No one panicked from this.

Edit: No one gives a flying F about bitcoin wisdom. Them going down and gdax going down doesn't matter

We are much further now compared to when the price reached $1000 for the first time.

People who bought themselves a position in Bitcoin at such prices were only gambling and hoping for the price to even double.

Well it was one of the sites that were affected for some minutes :).

Where's the halving crash guys??
I think we might have to accept $6xx is the  new floor
The best  buying opportunity  recently was the brief crash to $540 when bitfinex went offline unexpectedly twice....
Apart from that $ 600+ seems solid,  I would stock up because
Miners will slowly increase the price as they start to  feel the hurt from the halving ...
The next new floor will be $700...and likely not too far away.. Probably in the next 1-2 months

Where is the new ATH i was promised? I was gonna cash out while the price was still high, but o nooo! some smart blockchain experts told me it was the dumbest thing to cash out at $780, wait until teh Halvening they said >:(

But Thanks God, a crash did not occur and now we can expect that when the demand is increased the value of bitcoin will also increase and you cannot say that the price will decrease as the supply will not increase much higher than the demand, because of minimum miners.

Don't forget all speculative longs which haven't realized any profit. Speculator are getting nervous because they are aware what happens when stampedo starts...

Sorry to say this but you are the best example of what nobody should do here, listening to other so called self proclaimed experts.
The best is always to do your own research and conclusions.Many people here are acting for self interest or are shillig for others because they get paid for that.

I hold my bitcoin for the next few decades. So I will not add the selling pressure. But the short term traders might sell.

Can you tie your own shoelaces yet??......  Gimp/

yeah the price is still really calm but i think we will not have to wait for a long time, i hope that the price is going to go up pretty soon though anything can happen i think

halving day have came and gone and the bitcoin market is still stable enough and also there has been no crash round halving day !

another failed speculation?

way too many people expecting price to go up. bad bad move.

i doubt that, i think that there wont be too big of a growth any time soon because halving made a lot of people really sad as everyone expected to see a huge price growth

I would not be surprised if the price would go down. But not a lot, there will be no big crash like OP says.
Just a correction on the high price of bitcoin.

all those people expecting price to go up were newbies who are waiting to get rich in one day and by dumping the coins they have bought a short while back.

but in fact (similar to last halving) it is going to take a while before price goes up. and in the meantime the price should stay stable. so accumulate as much as you can now.

It is ridiculous to expect that the price will drastically fall down. If you're going to check a news about bitcoin, you will know that more markets are adopting to bitcoin thus it will result to an increase in demand.

What a spectacular crash! Down, down, down from a towering $660 to a measly $650.  ;D

Everyone was expecting the price to shoot up. Imagine if on your birthday, instead of getting presents from your friends, they show up and steal your money. Not much, just a tenner each, only $40 total, but still. . .

Yes this one is just another failed speculation. Price is stable at current range and seems like we will see another pump soon making another high price range as floor till next pump and so on.

I actually thought it would drop to about $600. It seems like so much of the capitalization is in speculation.  I guess the Chinese investors have more of a stomach for it?

Everyone who?

Lots of people expected a massive dump because of the end of the manipulative pump.

Looks like the expectations annulled each other and nothing happened

They are just holding on to their positions.
It will take some time before they realize that a bull run isn't going to materialize any time soon.

well i actually knew that the price wasnt going to drop at all because in my opinion the price is really strong as people are buying bitcoins from time to time

And boom,somebody wasn't right.
Actually i thought that bitcoin price after halving will go down a little bit,but not much.
And we would got rise 2-3 days after halving,but seems like everybody here was wrong so far.

Its holding pretty strong due to the things thats been going on with the british pound, etc.

And its not just that its also with people fears for whats about to come for the other financial markets as they are tanking down.

The market dropped before the halving day. That is the reason for the non dropping during the halving day.

Currently we are experiences a nice up. But to what effect I have no clue to be honest.
The only thing i know is to thold and see what this price increase will bring us.

well yeah the price is higher right now than during the last stable time and i think that it is going to grow a lot in the future even more, i think it will never crash to lower than 600

People only expected a dump because they though the halving make it rise the price in value to ridiculous #`s.

But I can see more of the price #`s jump for different reasons that have the worlds financial turmoil events to eye on bitcoin as a temporary position - which can make the price go up.

You wont see a dump unless it gets to greater #`s thats the way I see it.

679.90.....say what now ?

Huh? Price right now is $666.49. Lower than it was minutes before teh Halvening.
And now it's days after teh Halvening.
Disappointing :(

*

Disapoiting?
Buddy look at the price a month ago!
Halving is a long run process, it's not because the halving day happened that is has to suddenly happen! There is no logical reason for that!

If I knew the price was gonna be this limp after the halvening, I would've sold a month ago, at 790, instead of waiting for the price to tank to 666, buddy.
Why is this so hard for you to understand?

selling after a big rise is not really a dump that is correction in my opinion. and those who were calling dump a while ago before halving were trying to spread some FUD to create panic so that they could buy cheaper coins and maybe short bitcoin.

if history is anything to go by, it's a game of patience my friend, other coins are still at bargain prices too ->

https://www.cryptocoinsnews.com/wp-content/uploads/2014/06/Bitcoin-price-chart-USD.png

Or maybe we are at the start of a bull run and we are just slowly seeing the price go up. The price has been on consolidation phase, and the halving didn't seem to affect it that much, if at all. I am keeping what I have and hope that we still see the price go below $600 for another chance to buy at a bargain.

The bitcoin price dropped around $150 before the halving day. It could be a good correction after big rise.

well the price is much higher right now and i think that the price from now on can only grow and there will be no corrections any time soon, i hope that we will make money

Chinese want another currency for to become the global currency as they do not want USD to be the powerful and their currency has not that much potential to become the global currency so they are focusing on bitcoin to make it a global currency, as the want to be the super.

That is called grabbing the chance to profit, that's a strategic way and commonly used in trading. Selling your coin so it will give you an assurance for profit doesn't mean you dispose and doesn't believe in bitcoin anymore. That's not the case.

I think its impossible to happen that bitcoin will replace usd its very hard to happen since usd is already publish and use in many countries and many exchanger of every country tat you can convert usd to your country money..
And i think we already use bitcoin widely we dont need to replace usd im satisfied that we can use it here in online but i am expecting that our country will be the same as brazil that has 150 stores accepting bitcoin as payment locally..

Opened some more shorts. 

Bad idea... ::)

have fun with your ...


http://l7.alamy.com/zooms/57314602c5f44df289522bcfe5415244/dirty-fiat-panda-parked-in-side-road-in-siena-tuscanyitaly-b5p71d.jpg

Have any update about the coins you dump? Sure you did a right decision living your life and moving slowly forward :). You can always come back and buy some coins before it's too late.

Yeah the best we can do now is to buy because the price is gradually increasing again and the price right now is 680 and i think this is the starting that the price will increase and hit to 700 value soon.

Everyone is bullish...  Until....

Story repeats...

You are living in cloud cuckoo land if you think the Chinese are trying to push Bitcoin as a new world currency rather than Yuan.

Why the fuck do you think they are buying so much gold the last year to two - maybe to gold back the Yuan as the next world reserve currency maybe  ::) ::)

https://i.ytimg.com/vi/Q4hvXpfu8RU/hqdefault.jpg

Some people on this forum are so bitcoin blinkered its staggering.

I think it is quite difficult for the Chinese Yuan to be the world reserve currency like US dollar. They do not have the military power.

They are already well on the way to achieving that goal - you need to read up more.

The petro dollar is on its last legs with more and more trades taking place completely bypassing it.

How long do you thin it will take before the us dollar falls of the list and the Yuan takes its place?
You think we can see that in the next decade?

The Chinese Yuan will not replace the US dollar as the world reserve currency. China does not have enough military power.

China's Yuan Won't Topple the Dollar even in next decade. Concerns that the dollar's days are numbered lack merit. It was always a ridiculous contention, and it seems even less reasonable now. Not even a year ago, consensus thinking saw China's yuan on the verge of replacing the dollar as the world's premier reserve currency.

Shorts closed with PROFIT (20x leverage)

You think that the USD is going to remain the reserve currency indefinitely?

History tells another story

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/01/20120103_JPM_reserve_0.png

Next one will be the world currency, a digital coin called the Bitcoin. It will be used in every part of life.

Unfortunately I closed shorts too soon.  It will go down...

The price will go down a little bit but I don't expect it to go under 600 dollars. The market has very solid and stable support near the 600 dollar area.
Looking at the current chart it feels like the whales want to hold 600 dollar, so they can start a new pump at the end of this year.

Sure, it's speculation but, this is likely to happen.

the price is definitely not going to go down any time soon in my opinion because a lot of people are still willing to buy bitcoins and make a lot of easy money with it

I got scared on Friday when I saw the price going below $650 and almost started selling my coins.
But I held out and I'm going to hope that the price goes up towards $700.
I think BTC can get to a higher price in the future but who knows.
Maybe I'm wasting my money and should just be putting it in the bank or towards stocks/ bonds.  ::)

The $650 is the centre of the recent trading range between $600 to $700. So there is no need to worry.

I think the current price stability is very good. It give some people plenty of time to accumulate enough bitcoin.

It is time to drop below $600. August is dead month for trading...

yes it was expected by the people that after or just before the halving the price of bitcoin will drop to such a low level. but we can see that the result was totally changed. the price of bitcoin remain the stable not fell down instead it increase to some extent and still it is expected that the price will cross 1000$ at the end of this year.

Most financial markets are silent or without any action. It's normal.
When September arrives i am looking forward which trend will continue, the uptrend from 450 dollar or the downtrend from 770 dollar to 350.

In a few weeks we will find out.

I highly doubt that the value will go on a downward trend back to $350, but it is possible. I just don't think that'll happen because of the halving having pushed up the value of Bitcoin considerably. Maybe we could see mid $500s, but I doubt it would go much lower than that. If it starts to go lower than that for a considerable period of time some miners might have to shut down, and I hope that doesn't happen.

I do not think the price will go down to below $500 level. The mass adoption will support the current price.

Titanic is sinking now...

Do you mean the bitcoin price dropped from $650 to $620? That is just 5% price drop, very normal for bitcoin.

yeah, im not worried about the bitcoin price at all, i just know that we are hgoing to see the new heights pretty soon, the only question is when the new all time high be reached

Down we go.

Bitcoin is dead.

The bitcoin price is still over $550. Even if it drops to around or just below $530, it is still have than 3 months ago.

Good! so sell now because I am going to buy your cheap bitcoins. I think people are already having a panic selling now and they are not thinking straight with that decision as their trust with bitcoins is not that strong, they will surely regret their action of selling now as the price will back up in the next few days.

Falling down.

Tik, tak, tik, tak... :-D

It crash It crash
Yesterday $650 and today already $520

Tomorrow will be $10

LOL, before halving i am read many people trust bitcoin will go over $1000

I do not think the Bitcoin will be $400 or lower in the near future. If it drops to that level, it will be brief.

The bitcoin price dropped to around $460 after the Bitfinex hack, but the price rebound very quickly.

The price of the bitcoin is around $590 now. So it has risen $130 in the last few days. The price is quite volatile.

Tik, tak, tik, tak...

yeah it grew because the bitfinex hack got resolved, i hope that we will reach huge prices in the near future and make some good profit with it

With another exchange going flop it is showing in the price now.
It was eighteen dollars higher than it was yesterday at around this time.
Always with bad news comes some repercussions and this one was shift and fast.
Just a slight uptick from what it was an hour ago by like three dollars but that is about it. :-\

OP had luck that the bitfinex catastrophe happened. Without stupid ass bitfinex we would be higher if not at least stable at around 650 dollars. Sometimes the FUDsters get it right due simple bad luck, don't believe otherwise.

Bitfinex was a ticking time bomb, something big was bound to happen eventually. Now that it's done, let's just be glad it happened sooner rather than later on.

I still think that this is a regular thing, although I also want to sell my current bitcoin. but I still want to take it any longer, because even when the market is unstable, but I feel that the price of bitcoin will be higher and make those who sell bitcoin is currently being apologetic

Well, to be fair, by that logic every single exchange is a ticking time bomb. There wasn't really anything special about Bitfinex from what I was able to tell from the sidelines, and it kind of got hacked/was embezzled from out of the blue.

While it is better that it happened now and not later, it's still a shame it happened. It might keep the value of Bitcoin down a bit due to a lack of investor confidence, but chances are the market will forget about it fairly soon.

Bitfinex was built out of anothers exchange leaked source code...

And lots of other dirt.. so yeah Bitfinex was special.

very precisely. that these things or events that occur at this time is a thing that is normal and will not cause a great thing. So do something as usual without necessarily thinking that is not good, because if we think outside the limit then it will affect our activities and our financial gain or

well you might be right, i really dont care too much about bitfinex as i didnt have any money in it though it is sad that it brought the price down