Bitcoin Forum

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

Whaou, that's not only pessimistic, that's nearly unrealistic ^^

350$ is nearly the half of what's right now!
It's... really low. Why would we see such a drop?

I think this is a poor attempt at a halvening joke, the price halving

I totally disagree with you. The price will not drop the half in a month like you think . there are a lot of traders have buy orders ways before that price.

Well, when someone express this crazy ideas without technical or theoretical support, we should not take his words with seriousness. It is truth that everything is possible in markets, but it seems a very ridiculous prediction. 

That's almost half of the current price, I don't think that bitcoin price will go so much lower because it's not the time to see a big crash instead of an increase of it. Even if the crash happens i think that the price will be $400 and up.

Bitcoin has been going up as of recent. I'm sure this is just a joke.

Can't think of any reason of why the price will fall back that deep. It's much more likely to see the price go up from this point. Can you at least explain why you think the price will go to below $400?

This can actually happen but anyone who has been here for awhile know it's kind of normal. Any particular reason why you suggest $350 and not $10, Prof?

who needs reasoning? soothsayer season is upon us. BTC has died so many deaths, amazing how it keeps dominating despite all that.  ;D let's see how the market reacts to 12.5 per over the next couple of weeks. I'm guessing the direction is ^.

It is only your rumor against bitcoin, you do not have any knowledge about bitcoin and you do not have any base for your prediction, bitcoin now has a very good image and a large number of people have that currency and they do not want to sell that at that much lower price and supply will also be reduced within a month because of halving so the price will increase, not decrease.

Could be possible, but that would be a big drop in price. What is the basis for you prediction? I would expect an increase gradually for the long term.

I disagre. In this month and august bitcoin will stay arround 600-700 $ and then in september some guy predicted that the price will go more than 1000 $. He is a professional analysist. He also predicted the last bitcoin price of 740 $. I hope he is true, more money for all of us. :)

Agreed. Im also disagree if btc price would go down until $350, my predict the lowest btc price at that time around $500. but whos that guy? How can he be sure if btc price will go more than $1000?

Well this is a literal "the halving" of the value of bitcoin LMAO

I know for a fact that this is nearly impossible to happen but it's probable.

This post may possibly make some people believe, others doubtful and others will not agree on this. But before anyone could judge the authenticity or the truthfulness of your post we request that you should post the link of your sources. This issue is not something to be left behind rather we must investigate on this things so we can prepare before it actually happen.

i think op is either joking or he is really upset and lost his faith in bitcoin just because the price didnot skyrocket after the halving event. i also think many more threads are going to come like this. just keep it going. lol.

I see no reason for that big dump to happen within next month as after halving i think most of the miner will not be willing to sell mined coins that low because it will be not enough for them to cover the mining expenses.

He is doing professional technical analysis. Look here on the picture is his prediction, he is from the Dutch forum here.

He predicts that the price will go to 9000$. I don't think that it will go that high up but we will see.

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi68.tinypic.com%2F2nicox4.png&t=565&c=X1gLqSWpYpWGfg

Oh i see. But that line from around $700 -> $9000 seems weird, because its always up without any drop (even once). But who knows, maybe that would happens.

I think thats maybe 24 or 48 hours, look down on the line, thats very short time. Thats just one guys opinion, nice to discuss it. I think if that happens everyone will sell and it will drop probably. Who knows,

Many people who were waiting for bitcoin price to skyrocket and they will gain short term profits are disappointing. I think maybe the price can go below 400$ as the halving hype is over.

Most users expectations have not come true by this halving, but eventually everyone were hoping for a gradual increase in price day by day without major rise. For this reason bitcoin won't go down to $350 anymore.

i always say that anything is possible with bitcoin but some things are highly unlikely to happen and this topic is one of them. the dream of bitcoin cheaper than $500 is something that we can only see in our dreams at night and never in the reality.

$350 is not possible again now.  Th price may get a little bit down but it will never be at 350 again.
The Bitcoin is a lot more popular now and once a currency is popular it is very rare that its value decreases is a short time.

Indeed, how come that the price will go down while the the reward in mining is halve. when its not profitable anymore, who will mine? Transaction will become slow or the only remedy is to increased the transaction fees. With this happening, bitcoin will become more expensive  IMHO.

But, anything will happen...let see.

I guessing this is a joke, I bet op will be the one who cries the hardest if his prediction turns out to be correct  :D There is a chance that the price could drop if demand is not strong enough to counter the reduced rewards. It'll take at least a few weeks before we can be certain that the market/network has fully adapted to the new rewards.

Is anyone supposed to take this "chart" seriously? It looks like it was done in MS Paint with a bunch of lines drawn everywhere that have no relation to anything to support the ridiculous prediction.

This is a ridiculous statement. $350 looked impossible before, when Bitcoin was much higher, and not only did $350 get met, Bitcoin dropped a lot lower than that too. Surely everyone caught up in he mania of Bitcoin when it was above $1200 thought it could never get so low again, and then it did, and very quickly. Statements like "it will never be 350 again" or "it's not possible" ignore the risk that it's not only possible, but likely for a speculative instrument that has such sharp volatility. In the last year and a half, Bitcoin was below 350 a lot longer than its been above it since then.

That's right. Most BTC account holders were expecting a huge change in a minute after the halvening, which probably can't even be possible. We will see the consequences after at least a month.

350$ is very very low,it will kill miners,price is stable now,but crash on eu banks is real,and presidential election in USA is coming,Trump has chance to win,we will have crazy time on btc

All those who uses bitcoin will definitely like if the bitcoin price goes up. And i think they will not allow the price to go down below 500 again.

I totally agree with you sir, that price is impossible to happen. And as you have said nobody in the right mind to sell their bitcoins in that very low price. If we analyze the buy orders 350$ for one bitcoin is out of the picture. Hence the assumption that there will be a great price decrease is proven false and is not even a possibility.

if the price happens to fall below the $500 price level again, then it will be a real bummer. but i think for now below $500 prices will not happen unless bad news pops up about a major exchange that got hacked etc. but then again, it could also be a group performance by whales to dump the price down to much lower price levels in the form of a shake-out. bitcoin market is full of surprises.

I dont want to go back again on that price cause im loosing some strenght when i see bitcoin falling down.
thats the hardest part that will happen to bitcoin again.

I think I just did a devil smile.  ;D where the crap did you get this idea? Well, i think a lot of users here are ready whatever happens. And trust have been made so if ever it goes down they can take it. They can take a fall from altcoins then I know they can also with bitcoin if you are sure of what you say. Give some facts. Might consider reading some news abiut this. (If there is one)

It will take a bit of time for things to shake out with the new block rewards before we know what impact it will have on mining. In theory, the drop in rewards should make mining unprofitable for a large chunk of old miners, and should drive them out of the market. Difficulty will fall in response and a new equilibrium reached. In theory. it'll be interesting to see if this does indeed happen.

I don't think that the price will get into that because it's very low and could cause for miner to temporary shutdown their mining hardwares.
If you ask me i have a opposite point of view in august because for me the price will be stable on $700 and after a few months it will reach $1k and keep going until it exceeds the last highest price of bitcoin which is $1.2k

This will not happen, even that happens is probably the opposite. I am pretty sure bitcoin prices in August was not $ 350 but rose to $ 850. Well, I think you see the wrong message, I suggest to hold bitcoin that you have, and do not sell it because of this. I feel that when prices fell below $ 500 bitcoin I guess people think that it is an excellent opportunity to buy bitcoin before the end of the year

350 seems to be far away from resistance and today's support. Worst case scenario, we see the price go back to 450 dollar.
Way above the 350 price.

i dont get all these prediction's,one say it will be 20k usd in 2020,
someone else claims that we will have 350$ in august.
The price is not going to go down that much,we may see drop but not that big.

Why? State the reason to support your prediction, otherwise there's nothing to evaluate. Everyone buying in 2012 and 2013 all thought the price wouldn't drop either, even though it did. A few years ago he price dropped from 1200 and didn't stop until it was in the low 200s. A drop to 350 from this level would not be a major drop compared to that.

I cant see bitcoin will reached again that price,because after this month bitcoin will gonna explode and make the all time high in bitcoin history

I expect also some drop in BTC price but not that much. I believe mining electricity cost per BTC is about 350-450 dollars. Also, since the daily BTC production halved , the miners' sell pressure is also decreased.

So its possible but I dont think it will get down to 350, maybe 400-450 dollars.

But why do you think so? What reasons for that drop? IMO Bitcoin will stabilze around $650 for a while and then it will go slowly up like it always do (excluding the big bulb, $1300, of course, from where it was dropping during all the year 2014).

Really? Come on. At least try to show some statistics to back up your claims; i really like those numbers and seeing the trend of how things could go. But even though it would drop; there is no way it would go so low to that much within a much; for that to happen would be then end of the mining career for many bitcoiners

Well in that case... I Love bubbles! remember what happent to the prev bubble  ?? Huge profits! after the bubble collapse btc loyals increased their positions! and so on..!! plus bubbles attracts more whales.. whales = bigger waves to play with... (for us the small fishies ) so..i dont mind! at all.!!

Anything is possible, maybe chances for this to happen are little, but I saw too many surprises and I know that even highest odds win sometimes.
But I doubt in this outcome, and I wouldn't bet on this scenario to happen. I think its time for bitcoin to be stable for some time, and maybe we will not see rise maybe price will stay here where it is.
Which is good think, stability and security will attract more companies and people in my opinion.

After the "bump" there's usually a "dump"!
Meaning that the pric probaly could decline slightly, maybe if the value of something else goes up (like the value of the USD or GBP)!
It is highly unlikely that this will happen to that effect!

All this predictions and number sbout the price on halving and after it. But who can acctualy say what will happen? How did you get to this number, 350$ in August?

i think that his point was that the price is going to drop a lot in the future, i think the price of the bitcoin is going to grow a lot in the future and we will reach a new all time high

Yes, even before halving the price was much more than 350$! Maybe now price is capable to grow more since now many of people are sellers which lead to prevent price jump.

That would be nice!  Buy time.  I am not sure  it will drop that far but Bitcoin is capable of anything.  It would take something pretty significant to cause that kind of a drop.

Did you just watched the movie The Big Short? Then came up with the plan that this could be like a housing bubble? That movie is a true story yes so are you betting on the fall of bitcoin. If you are then that is a good idea for you. But for me, I would rather profit in what is happeninh now rather than predicting the future with no real proof of it. That housing bubble have been studied by experts before seeing that. Have you?

It may be before the halving had occurred, now seems more difficult it reaches that so low value.

Maybe the price will decrease, but I think it seems unrealistic that the price will drop SO much. I really hope that, if it drops, it will not go under the 500$ line...

quoted to be revisited to see how wrong you are.

Yeah but it was sometime ago,where bitcoin wasn't popular back then
I cannot imagine it going it down to 350$ if so many big whales are in it .

Actually the price will be like 1K per coin or +  ???

To be completely honest there have been so many shills and shit on this  forum that I am no longer able to determine whether or not topics like this are satire or being actually legit with whatever they're saying. So much of this topic screams satire, but I can't say that for sure.

As for the OP; hitting $350 in August seems doubtful. Considering the halving happened, the value HAS TO BE AT $600 MINIMUM so that the miners can pay their own expenses. $300 would force most miners out of business.

Bubbles don't happen when the supply of a material gets permanently halved. They find a new bottom line.

Well, i don't think it will happen. But the price of bitcoin can back to normal like before the halving price. The halving hype is done and the price of bitcoin is decreasing slowly right now.

You are completely right but you don't get it?
The OP have BITVEST  ::)
The OP call it,so you need to answer
This is the proof of OP  :-X

You can read a book of 700 pages about technical analysis in economics then you'll understand what those lines mean. I didn't say to take it seriously I just copied the picture from that guys post.

even if it is a bubble and even if it bursts then it takes a lot longer than only 20 days (until August) to go down to $350 it would be $300 decrease after all. its a super slow process because people buy when price goes down and day-traders trade the shit out of this situation to make profit.

besides there is no reason for going down because it is not a bubble, and even if it were, whales won't let it happen even if it means throwing a lot of money at it.

I guess if it happens very nice so we'll get a chance to get profit like before it may with holding for a short time will make the price rise because halving is already happening.

And there goes an answer. Should this thread be stopped or it will come down to another 100 pages  up until August?  ;D

It will never happen. If it does happen, it means the bitcoin is going to die. The price will not stop at $350.

May be i am not right, but i am sure within months bitcoin price will come down, even it will be come in $350 to $400. And it is a good opportunity to buy the bitcoins once again, and then in the end of the year the price of bitcoin once again increase, and that will be the time to sell your bitcoins.

Lol before halving certainly some days ago and now the price is not much different from before halving? I think the price could go down at any time. August or whenever the price could drop to $ 350. no one knows

I do not think it is a bubble. BTC price depend from BTC mining difficulty, if the difficulty is high, BTC price is going up. In August BTC price will be around 630 - 650 USD.  ;)

I don’t think so. Even if bitcoin ever reach at that price, it’s not going to happen at least next few months. Especially after halving, large number of miners will pop out of mining due to less or no returns of investments. Bitcoin will either fluctuate between $600 to $700 or it will be above $700 mark assuming period of next 6 months. Halving slow downed mining thus it will directly reflect on the price of available coins in circulation and this fluctuation will either be equal to neutral or positive in short term.

I think the worst case scenario is the price to drop below $550. The price will mainly stay above $630.

of course the price will not drop that much, i think that would be really crazy and that would definitely be not good as a lot of people would just sell all their bitcoins then

550 dollar is optimistic. I believe new support lies somewhere near 430 - 460 so we can still lose quite a lot on our current price.
But my guess is we will see it go down to max. 500.

It will not gonna happen because it is almost the half of the price that is the price of bitcoin right now and in august the price will be in between 680$- 700$. Bitcoin's price fluctuate but it will not dropped to the amount that is very low, bitcoin is accepted by many countries and their companies so it will increase their price in august.

Yes, if it was going to happen it would have to happen so far and specially after halving but there is no sign of it.

This is an indicator that the price will not drop by half in a month, so I agree with you.

Many of you have bitcoin and do not even know what is actually!
But all of you know one thing!
Is UP and DOWN
It will be 1k at the end of August.

The minimum ammount bitcoin may reach will be 500 with a bad day, otherwise makes no sense, the miners wont let the price down too much, even if they let the price down to get more coins, they will need to make pression into the market. But be sure the halving price its already an achievement and we are getting near the 1000 dollars once again.

I agree with you and lets just not hope that 350$ is coming our way if that happens its goodbye income for me. My income will be reduce to half and It will gave me work to do to earn what I am currently earning. But it is impossible so I am confident a little that my bitcoin activities will not let me down. Given the price trend the price deflation is impossible as I see it this august, probably a price increase instead of a decrease.

I don't think the price of bitcoin will decrease to $350 in august or even in this year. I'm sure the bitcoin's price will be stable for the next 1 month.

Because there are not people know about future even if many people use expensive software for prediction of price. Our prediction just has power 50% right and 50% wrong.

Why Not? One month ago it was like 350$ and not it is 650$ so maybe it can be a bubble or because of halving markets became active and so the bitcoin price is rises but now as halving is gone market is again became normal and so the price can also drop.But anyway we can enjoy till the bitcoin  price is increases.  :D

It is only going to be possible if the price is going to drop a huge amount but I think that it is going to be bad thing for the people who want to sell there coins.
For the people that want to buy it is a good moment because the price then is not to expensive.

Exactly said. As the price from $800 has decreased gradually towards $650. Even on halving it haven't given a big increase. The price is getting stabilized, it won't go down towards $350 as the user profile or users is getting increased.

If that would really be a bubble, a trigger would be necessary that makes it implode.
I don't see what that something might be.
I see the opposite, a smaller availability of bitcoins through halving does more than compensate the possible bubble effects from before halving.

yeah why not 350$ can be in august as china seems playing little aggressive with bitcoins . that will make all of us so sad as of such price drop !

you are right. all bitcoin users would be sad if it suddenly bitcoin prices fell from a high price for a very low price. however, I think it will not happen, because I feel that bitcoin prices will always go up after halving happened months ago, and I think bitcoin prices will be higher than today during the month of August

The halving is gone and the price is still around 650$.

What happend with all those predictions about 1000$ price after halving?

Maybe the halving has no influence over the price...

I think the price will not be $1000 in the next few months. The price will stay around $700 for some time.

I don't see Bitcoin price will fall this low.  But in this world possibility is possibility.  Still I think price will be at around 800 after the end of this  year. Same thing with your proof :D.  Anyway, I read that there is a big company willing to spend million of dollars to point around 10 pentahash of mining power to Bitcoin.  this might help in price increase, because there is a possibility that this company might use and accept bitcoin for its transaction.   More awareness, more adoption , more demand means an increase in price.

No, it did not bubbled because of halving, but I will say that halving has occurred just a few days ago, and it did not have show its effects yet, the price of bitcoin increased from $350 to $650 because more and more people adopted bitcoin, they from different sources heard about bitcoin and so for getting the profit they adopted it, so now those who learn much about bitcoin will never leave bitcoin.

i doubt that it is possible in any ways because the price has a lot of potential to grow after the halving, i hope we will reach a new all time high not fall all the way back to 350

It's unfortunate that you had to make this prediction. By august we will be way higher than 350, so this is yet another FUDster that will get owned by bitcoin's price. The uptrend has been clear since january 2015, there's no bubble, just solid progress. Bitcoin is insanely undervalued, only way is up.

This is a wrong data guys cos the price btc always go up. Besides, more people,more exchangers,companies  are coming into the world of crypto currency cos they believe is the future. So. Why would the price of btc drop to 350?

I don't think so, price of bitcoin is always fluctuating not always go up, if we looked last halving block price of bitcoin were going down and That is reasons why price of bitcoin will going down to $350.

It would be possible since no one knows what would be the price in future of Bitcoin. Just observe the first halvening it decreased soo suddenly then goes up after how many months. So, no one can guess what would be the price in future since many factors does affect the price of btc.

Yeah, we do not have to believe on rumors like that , with these news they only want everyone to sell their coins, as they know that after the effect of halving will appear the price of bitcoin will once again boost up and for that they need to buy some more bitcoins.

Well if this estimation of $350 in August somehow does happen I think it will be truly a disaster not only for the remaining miners but also for the investors and general users who have been hoping for a healthy increase after all that halving talk. I can't begin to imagine the sheer depression and broken dreams such a plummet in the price will cause to the entire Bitcoin community. Plus there will be a surge of new threads about Bitcoin dying and all that similar crap we tend to see after negative events.

 ;D ;D ;D
Ha ha ha! It is quite possible, if achieved growth of world GDP by at least 15% annually, if postpone the elections in the US, if imposing new sanctions on Iran and Russia, if is removed law government in Syria and Ukraine and Georgia join NATO, as well as failure of China's construction in the South China Sea. :) :) :)

Anything is possible to happen, as what the market dictates. But I agree in my opinion that it will hardly reach $350 as the rewards already decreased by half. If it will happen that it will decreased, then the difficulty must be  lower? It is maybe possible ..

We will never see price of bitcoin below $500, even if it falls in future $500 will be the bottom, and as price is increasing slowly at a moment we can expect higher price in near future.

That is true. The bitooin has passed the $450 range. Its price will be higher than $600 in the near future.

It is completely impossible that that after halving the price of bitcoin will reach to $350, as the miners reward is already decreased to half and if the price of bitcoin is also reduced to half then a large number of miners will disappoint and will leave mining so in that situation the price of bitcoin will increase with a fastest speed with a shortest time period.

Yeah, it is true the price of bitcoin will not drop, it will increase and the time is not long away from now that the price will once again start to increase like before, and if it do not increase then at least will not drop down.

Yeah and $350 in simply impossible now price is rising slowly at a moment and even if it falls in future it will not go below the price of $500.

I think its impossible to imagine that the price of bitcoin will back again back to the old price of bitcoin.. and i think you will not experience right now about the price decrease
Unless people are selling their bitcoins even there still a potencila that the present price today can be increase soon..

This dude caught in a pump and lost his coins from 400-450$ range that's why he opened this thread and try to fud but it won't work dude. Halving is past, there are less Bitcoins mined everyday. Nobody want lower prices, demand is enough and supply is not. It's simple math.

At this point it's highly unlikely to see prices of below $400 but we all know that nothing is impossible with Bitcoin. It takes just a major exchange that gets hacked to see the price tank significantly.

That's true anything is possible with bitcoin, no one can predict the exact scenario of bitcoin, but still I feel that we will not see the price of $350 in near future.

If Bitcoin price drops to $350 USD, I think a lot of miners will pull the plug and stop mining Bitcoin as it is not profitable anymore, so I don't think the price will drop so much.

Yes and even if price falls in future it will never go that low and I think that price is history now, price is moving up slowly now so I think we will see some better price in future.

That is right. The bitcoin mining cost for most miners are more than $500. So I think the price will not drop below that.

Yeah $500 will be the bottom cannot go below it, as many new users will also join the community in future which will contribute in taking price to higher level.

After seeing the results of halving I will say that we now do not have to rely on predictions, but we will have to support this currency if we want to make it powerful, as it is the only and best way to get profit from bitcoin.

Please let me know how you could realize that about price of bitcoin but I do not consider 1k very possible but I guess it becomes more than current price.

The $1000 is very possible if there is good general mass adoption and the block size increases to improve user experience.

But this is what it was last year, so why not this year? Markets are slow the economy has not changed. So what is much different from last year other than the halving hype that did not improve the price at all just a dip that was pretty big. Some people thought that bitcoin was collapsing instead of growing that was promised after havling was said and done.

of course a new all time high is possible not even talking about the 1 thousand dollars price, in my opinion the price of the bitcoin is only going to grow in the future because people will be buying like crazy

yeah , as the time passes more and more people come to adopt bitcoin and they readily invest in bitcoin so with that the demand of bitcoin increases with each passing day and so with that the price of bitcoin also increases.

Bitcoin is getting more popular now and it is also gaining trust from the people and if it continues then we will find many new investors in coming days and that will help bitcoin to reach to a next level.

I do not agree, $1000 price is not possible that much and it will not increase that much since there is no event that lead to plumb of price.

I am also think that price will drop very soon and many people think this way too, but a lot of people also think that price is gona increase next month...

Do you think that people increase their buying? I was expecting they buy during halving.

For me the price should reajust soo a dump as a pump could occur but bitcoin wont get back those value, it may hit the 600 dollars or even 500dollars maybe, lower then that would make no sense since miners are affected already from the halving.

the price will surely not drop in the future, at least not to 350 because thats way too big of a drop in my opinion and that would be really bad for bitcoin as it would start a panic sell

The thing is that there are very many people who claim every day that bitcoin will rise,but it just not happens.
We need btc to fall,to rise it further,and all this is reversed,if we want some bigger fall,we need to have increase of value at the start.

But a panic sell would do the same thing, so it creates a domino's effect with it tumbling even further down the rabbit hole.
Just pray that this scenario does not happen or we will all be up sheet's creek. :(

I hope we don't get back to below $300 levels anymore, not until I'm able to sell everything at current prices, that is. But if the price really goes down, I think panic selling would be triggered much earlier, say around $400, where the price lagged for a while before breaking $500 and $600 resistances.

i didnt see any sign of fall down now since the price for today after halving still continue to rise and thats a good sign since it was good and surely the price would stable on this current price for sure because the falldown has been done when price got his high on 730$+ and fall to 600$+. So i think this current price well be stable for this year so why worry for a crash.

The bitcoin price is actually consolidating nicely. It happened similarly 4 months ago and the price rose 60%.

There is no such signs that tells about the dropping of bitcoin price in the next coming month August, so it will increase in next month and if the price of bitcoin will drop in next month, it will not be 350 usd atleast because  it is almost the half of the amount that is going now.

Exactly price will not go that low now as price is going up slowly at a moment so even if it falls in coming months it will not go below $500 for sure.

350 USD is really a low price to think that will happen during August, we should not expect a dump like this, its almost 50% of the current price.

everyone can say that, but it is difficult to completely correct. although I do not think it will go down very quickly within a few weeks.
I hope that does not happen, and hope halving give the best effect, for at least the prices are rising or stable above $600

We have the same thought.  Saying things without any supported facts can be easily said.  And I also think that Bitcoin will be stable above 600 usd in august.  reason is that, there are big player coming  in,  more people are promotinig bitcoin, bad press about bitcoin is getting lesser and lesser and even balanced by good ads about bitcoin.

The bitcoin price will not go below $500. That is the near term bottom. The price will rise after consolidation.

If thats happened,then it would be great.
But i think we can go even further from 600. Maybe 900$ is the next stable price of.bitcoin.

price will rise because Bitcoin will still be scarce enough to be valuable. The price will never go below $600.

That is right. There is limited supply of the bitcoin. There will be some bitcoin lost every year as well.

how will be some bitcoins lost with the limited supply? the supply will not be limited with the reducing the number of available bitcoin, but the supply will be reduced because a number of miners will leave mining and they felt loss in mining.

yeah, people lose bitcoins over time and it is impossible to recover them if they lose the private keys i guess, i think that this will definitely push the price up in the future

Well this is a literal "the halving" of the value of bitcoin LMAO.
I know for a fact that this is nearly impossible to happen but it's probable.

I think that price level is impossible to happen we will not experience that price for bitcoin because our supply is already been half so the possible limit that i know is 400 above this is i think possible but below 400 its impossible to happne in the future..

I think it should not happen, price is still stable and seem it's not gonna drop soon, at my opinion price will not change till something big will not happen to bitcoin.

Only the OP is thinking that the price is going to dump in August I disagree with him.
The price we will see in August will be around 700-750$ or 600$ series.

That's not how mining works at all. Bitcoin's supply increases at a constant rate (minus halvings) regardless of how many miners there are. If there are 100 miners or 1000 miners, the number of coins produced is the same.

Same thoughts here, Bitcoin price wouldn't dump as low as 350$ if that would happen there's probably a problem in Bitcoin. The price would be on $700 I guess or 600+ as I also assumed but 350$ nah.. it's impossible to happen in my dreams. Lol

That is right. As long as as no fundamental problem with the bitcoin, the price will not drop below $500 again.

We only have two weeks to go until August. So we already can see more and more that OP's estimate is wrong. But who know, maybe it could still happen. Breaking down $600 will have psychological significance and would tend to make people go bearish.

 350 USD in August or ever again for that matter. Btc is well recognised now.

No more 450$ and below price anymore.
780 will be the price of bitcoin this coming august.
August will be a bullish month of bitcoin.

I don't beleive that price will dropp that low. Of course, never say never, but this will not happen in such short period of time, there are only about two weeks until August. I think the lowest price in August could be around 400, if it falls.

I agree with you, if Bitcoin ever falls again below 400 USD a lot of People would start buying more of Bitcoins.

I would definitely Transfer some of my stocks into Bitcoins if the Price is below 400. Probably even below 500 (=

there is no way the bitcoin price will be below $450, let alone $350. The 350 dollar price will be a history.

You cant say that yet, there is a possibility that it might happen, remember when Bitfinex? There was a sudden drop from $755 on June 20 then it dropped to $625 on June 23, that's $130 drop on just 48 hours and now somehow Bitcoin manages is slowly trying to recover again and go back to $680. So dropping to $350 USD is possible but lets not wish for it to happen.

The price of bitcoin might drop to $350. But that will be very brief period. The price will recover soon.

Price drop may happen when price increase, I think these drops won't stay long because after a long stability price has just started increasing. So there is more possibility for a drop to occur once price reaches $1000.

Agree with you, the price is not going to decrease in august, and that is obvious from the last few days pricing chart, we can see that the price once again started to increase and I hope that the price of it will increase more higher and with good speed.

It will recover but it would take some serious time, unless something drastic happens.

As for the price fall for $350- you would see a gradual fall w. attempting recovery in prices but eventually a slow decrease but it wont come all at one time if thats your point of view.

I personally think the coin stands firm because of global events like people in turkey / brexit situations.

40% drop in a month is highly unlikely at this point.  Think about it, mining have become increasingly costly and the block reward have just been cut by half.
If it goes down to $350 there's a decent chance that it will drop further.  People know this and will try to stop it from happening.

I don't think price will go that low in coming months, price may drop but we cannot expect anything below $500 at a moment, I think price will continue to rise in coming days.

Bitcoin halving price is around 500-600 dollars lower this ammount i doubt will happen, less coins reward, and the miners will make pression to get back their income that. One thing is sure this halving has scaring some people and speculation around the halving should be over, the pump happened and now its time to moove forward.

We don't want to see any major pump that we saw last month we would be much satisfied if there is slow and steady growth as it would be better for the future of bitcoin.

What a scary joke of yours. I dont want to see this happen since im not the person that always holding. I sold mine frequent whenever i have in my wallet.

Well it's not a joke but its a possibility that may happen anytime but rest assured that when this happen in 24 hours, it make take some time before it totally dropped to $350 USD and slowly climbs back and recover. If anything like a repeat of MT Gox or any negative publicity about Bitcoin happens again, back to $350 will be a reality.

We will not be seeing that price anymore,bitcoin will go stronger day by day.
And the thing is halving that makes bitcoin increase its value.
Bitcoin is in demand right now so we might wauting for the 2k$ price.

That is right. We will not see the price below $500 any more. It is lower than the cost of many miners.

One month is such a short period for such a big drop. I don't claim that we won't see $350 anymore , especially considering that bitcoin has still issues to resolve, I'm just saying that it would be a very quick drop if it happened. The worst case senario for me is $450 in October.

Even if it happens it is still a perfect opportunity to buy and stock more bitcoins in our wallets. Bitcoin is not like a forex pair which cannot go indefinitely down or indefinitely up. Even if it goes down like you are predicting it will then start to go up and up. I see this maybe a joke attempt but that doesn't concern me, what concerns me is users to stop posting these topics or if they really want then this topic belongs to speculation board and not here.

yeah, to be honest it is a bit sad because there will be no opportunities to buy for such low prices any more, i think that from now un the price is going to go up only

With the price going to 350 over 90% of the miners will have to close shop, because the high difficulty vs the low reward 12.5 btc at the moment.
So no i don't see this happening, in a way it's crucial this doesn't happen.

I don't think we will ever see the price of $350 ever in future as bitcoin will never go that low and now its time to rise so we should be ready with some exciting price in future.

I think the cost of big mining farm for the bitcoin is around $400 at the moment. So the price will not drop below that.

All the stock indices are posting new high after new high. The market is an an upswing. When economic uncertainty rises, and it invariably will, the indices and the btc price will both come down. Not only is $350 not impossible, I'd say it's likely at some point in the future.

That 90% figure is based on nothin and shouldn't be taken seriously. Plus, as more miners leave, the rest of them mine more profitably. The system reaches equilibrium far before 90% of the miners leave the market. 

yes please ill scoop up everything under 400$  ;D

if the mining is becoming increasingly costly and f the block reward is cut off to half then with that situation the price of bitcoin increases, so that is going to happen in the near future whenever the demand is increased also.

The price of the bitcoin is determined by the general public adoption. It is less affected by the mining cost.

Interesting thought but I doubt it. I think it will be full steam ahead until Fall.  It would be incredible if we could buy bitcoin for 350.00 again though!

If price falls to that level then most of the user will prefer to buy bitcoins but it would be really hard to digest the loss who have been holding their coins hoping to make profits.

Price is very stable right now, i don't think that something will change next month, at my opinion something big will happen in the end of September or at the start of October.

Exactly I have the same feeling that price will cross $1k mark by that time so I am not expecting any major price drop in next couple of months.

I am at the opposite side. My feeling is that it will slowly go to sub $600 for a while and stay there. But of course in time it will go up again and hopefully rise above $1000. But there has to be a stimulus that will cause a rise. My theory is a great financial crisis that is going to happen in the European Union will be the stimulus. Bitcoin will be considered and will be classified like gold where it will be a safe investment.

Bitcoin price could pull up to the broken channel support at $670 before resuming its drop. Stronger bullish momentum could even lead to a climb back inside the rising channel and a continuation of the uptrend.

Agreed with you both on that the price is stable and don't change in the month of august unless something big will happen and after something big happens in the market the price will be less than 1000$, it will not cross 1000$ in the next couple of days. It will cross 1k$ in next year.

The price has been rather stable at the $650-$660 range the last couple of weeks. It has remained that way even before the halving event took place. The last big surge and drop happened during the Brexit poll result. If this is just a consolidation phase we are seeing, we could be headed towards $700 by mid August.

I think the stability is quite similar to the one during the first 5 months of this year. The price rose a lot since then.

Financial crisis will tank the Bitcoin price. Nobody is going to flock to a risky, speculative asset when they're afraid of the future economic prospects. The only reason Bitcoin is doing "well" now (relative to where it has been) is because investor sentiment is flying high in the US. This fantasy that Bitcoin is going to hold value like gold in a financial crisis is foolish.

It should 950 in august not 350!! The rally will start on the first week of august in my speculation. And it will last for 3 months.
it will be a party for everyone

I think the price could be still below $800 in August. In September or October, the price could rise to $800.

Well, at least bitcoin prices will not drop in August to come. I think not only me who thinks that bitcoin prices will continue to rise until the end of the year, I also think that the price of bitcoin in August was $ 800 to $ 900. I do not believe that the price of bitcoin dropped rapidly to the price of $ 350 in August

Before the halving there is some decrease happen that bitcoin go to 550$ but recover again . to decrease it at 350$ I think it's hard to believe it's just your only opinion  but for me if bitcoin will crash it will decrease around 400-450$ and then up again

And what is that new price 350$ that this guy predicts will be next maximum of bitcoin and after that bitcoin will only fall down. All that action can be a plan of huge amount of bitcoin holders to make people buy and to get money from this people addiction.

Its really difficult to predict what will be the exact price of bitcoin in coming months, no one knows either it will increase or decrease only time will show us that.

Exactly hard to predict anything in bitcoin. It took a slow dip now, the racing Steem seems to have experienced a bigger slowdown. So there can be a chance for crash, if anything unexpected happens hope price come up again.

yeah, there will surely be no big price drop, in my opinion the price is going to go up from now on only, i hope it will make me good money

OP - Could you say why in August only price will drop by 350$ and why not till year end? Is there any event coming in August which will result to price drop or just your wired imagaination?

How you can sure that the price will go up soon..bitcoin price is unpredictable so i think there is possibility that the price will go down instead of increasing..

You are right something big will happen, if not in the coming month then, in September or October, but I can say that at least the price will not drop, the future of bitcoin has been started and now we can expect a price rise.

i do not think that bitcoin will drop its price to $350 in August, because bitcoin going to rise up its price too much faster and a large number of people are getting awareness about bitcoin and maximum people adopt the bitcoin.

yeah, i doubt that the price is going to drop to such small prices i think right now the only way is up and it will make us all some big money pretty soon

Well, we have observed that the bitcoin price has remained stable for several weeks even during the previous days when a high volatility was expected. So I can't see any real scenario in weeks ahead that could drop the bitcoin price to such low levels. On the contrary, I would expect a slightly continuation on the current bullish trend, but not beyond the $800 level on August.

I dont believe bitcoin can loose such value, halving made pressure at the miners to push the price up, soo its very unlike that bitcoin could loose the boost, the community is accepting the new value and supporting it, if no bigger issue appears the price should grow a bit more till end the year.

The value doesn't make sense indeed. It seems that somebody is trolling because with 350 dollar a lot of mining rigs will have to stop.
That's not going to happen soon.

At least you're honest about your statement being speculation. So many people who post here are convinced that their predictions are based on anything other than a wild guess, even though they post nothing to support their opinions. At least if you were posting a technical analysis based on trading volume, that would be one thing, but I've yet to see that. Everyone just spouts optimistic nonsense because they're praying for a higher price.

Spewing optimism towards a product's rise usually makes it end up in the other way. We might hope for bitcoin to rise and start holding coins, but that also freezes up the markets and there will be less coins to sell and buy which would lower the price. People are too optimistic with their price predictions. Remember when everyone thought the halving day/week was going to double the price? Silly.

The day or the week didn't double the price, but the halving event itself more than likely doubled the value of Bitcoin as a baseline for the miners. It went from a $300-ish average value from 2015 to so far a $655-ish average value after the halving event, so it does seem like the market did double it, although not at the rate everyone expected it to. I think I was calling for $700 to $800 after the halving, and I think I was probably on the more realistic end of predictions.

The halving changed the price via the hype surrounding it in the months before it. That is true. It did increase the price from 2015, but there were a lot of other factors that had more place into it. However, it was just obnoxious seeing the amount of people who thought that the price was going to double. The halving had far less of an impact on the price than the Chinese investors though.

Oh definitely, I won't dispute that there were other factors at play during the halving event. And I agree with you 100% when you say that it was obnoxious that everyone was saying ti was going to double; I think most (sane) people knew the value wouldn't double over the course of a day or week, and I'm glad to see someone else agrees with me in that respect.

I agree, most of the price increase in bitcoins was done in the months before the halving. It still doesn't mean that the price drop again now in the next months. If you need money I would recommend using your Fiat money instead of bitcoins. Better to keep them at the moment.

That is right. The bitcoin price has risen over 150% in the last 12 months. So it is consolidating at the moment.

no btc will rise once again and it will reach 1000 dollars in this 2 months . btc halving is soon

That's true the price of bitcoin will be lot higher in coming months, so its better to save them for future and I don't think that price will go below $500 now.

in my opinion that is really great and i think it is going to grow even more because that was just the beginning, i think we will see really huge prices in the near future

I don't believe on it, at my opinion price will not change till something big not happen, but maybe we will see this drop in autumn.. i don't know what to expect.

You don't need to be worried about bitcoin just trust it will increase more we still waiting for it to happen , if you afraid of loosing some money then dont buy more and stay with Fiat. I will not be worried if it will decrease a little bit I know it can be recover.

People who expected the price to double after the halving don't understand how markets work, and people who expected it to rise before may very well have been right. The price doubled between last August and the halving. Whether that is directly attributable to the halving is debatable, but I'd guess it is. Not necessarily due to the fundamentals, but a self-fulfilling prophecy.

No one really knows what would be the price of bitcoin in near future as we can see bitcoins price is rising and sometimes is going down we cant predict when it would pump but  dropping its price in $350 in august would be impossible to happen since bitcoin price is stable in $650+ mark. Well no one knows.

In a short term price won't go low to such an extent. To the maximum the price might reach around $600 if the gradual decrease in price continues till the start of August.

Yeah it will not gonna happen because bitcoin is becoming popular worldwide, Now many people are attracted towards bitcoin and join bitcoin so definitely the price will not gonna dropped t0 350$. Next year will be very good and important for bitcoin because price is almost stable now so something big will happen and price will reach higher price.

The price is quite strong in the last weeks around 680$. Why would think of an gradual decrease?

After the halving had no real big impact on bitcoin pricing I don't think the price will drop so much.

Maybe you are not wrong, Ethereum recently is getting people's attention and people are investing there which is affecting the bitcoin market, we can see today the decline and I'm afraid that very soon the price of bitcoin will crash.

Anything is possible with bitcoin, price has started to go down now so I think many people will prefer to sell their coins if it continues as I don't think that price will rise in coming days.

The halving effect hasn't come yet and I think this is a hope(not the last hope) for bitcoin to increase its price, ethereum trading volume on poloniex is really high 34kBTC+ and I think people are focusing there leaving the bitcoin which I think is one of the reason why the price is falling down.

That could be true. 10 months after the halving in 2012, the price rose 20 times. there was no immediate rise.

At this moment we have the miners, who need a min. value to keep on mining. If I am not wrong that price would be around 450 dollar.
Which means we can expect a minimum price of 450 dollar from now on.

This is what is important and what people seem to forget. We are not in the same position as 1 year ago.
At this time a price of 350 will be devastating for miners, They will have to close shop, because with 350 they can't mine for profit.

i am not sure that bitcoin will be drop it price to 350$ in August , Because bitcoin going to higher its price day by day and bitcoin getting more powerful and strong and maximum people adopt the Bitcoin .

ETH is in demand these days and people are trading in it more than bitcoin users but it's not true that the trades have gone too low which is the reason for bitcoins. The reason is that there are almost equal number of buyers and sellers in the market and if you check preev, coinbase and bitstamp, there is a kind of stability.

of course the price is not going to drop that much in the near future, in my opinion from now on the only way is up and it will allow us all to make money

People are trading Ethereum because there looks like a lot of potential for it to make money through speculation and everything (which has so far been basically a crap-shoot as to where the market is going to go), and so far it has been experiencing a downwards slope which is a very bad thing for ETH. Bitcoin is, though, as I assume you say, still trading at about the same volume.

If it falls to $350, I don't see any use of owning bitcoins then as I have purchased almost 70% of my coins at $700 and $650. It would be almost $300 loss which wouldn't be a small decline to accept. However, I don't see it coming as it has increased during halving which was a natural process that led to the increase.

Bitcoin price will be in the range of $550 - $650 for the next three years, until another halving approaches then there will be a price surge ~ $1000 or more.

That's my guess.

The question then becomes is op, how do you expect this would be a bubble?

Do you feel like something is against bitcoin to make things go down? cause you failed to mention why? then giving just saying its a bubble.

I think price will not go that low in coming years, it will be above $500 for sure as we will find many new investors investing their money in it which will take price higher.

i dont think thatt the price is going to drop that much in such a small period of time

It's not true as many experts predicted the price to reach $800 in June-July and it did see that price.
Now the price is predicted to reach $600 and it wouldn't be too less for us to accept. $350 is not possible at all and it's only fake news articles that may spread it to create a panic situation.

There was an article I read in 2015 and the price that was predicted at $650. Now checking the price, I think that there are many experts who are capable of predicting the price and they are always perfect. http://www.coindesk.com/predict-650-bitcoin-2016/ This is the article. The price is predicted to reach $1000 by December and I have a strong feeling we can reach this price.

A month ago I would not say this price would be possible but after all the bubble burst for so many hoping on the halving to make them bitcoin rich, I am starting to think this prediction might come true in the coming month.

well with bitcoin anything is possible to be honest, in my opinion it shouldnt drop but i cannot be sure about it, i hope the price will grow not fall and make me money

Has anybody noticed that bobmarley650 hasn't posted a single word in this 13 pages long discussion after his initial post)))
So august is 3 days away and still no sign of this prophet nor of the price drop promised.

He might have shorted the bitcoin in the hope that he could buy back at $350. He might be bankrupt now.

Well, try to think positively about bitcoin prices, so a lot of news that bitcoin prices will come down out there, but I guess it's all untrue. bitcoin is a very powerful technology, only it's not known by everybody. if it is already known by everybody, I think even a pokemon game will go on leave to search for bitcoin.

Well in this situation we just wait and see if it's will happen , I believe it will not go below 450$ maybe it will crash but not more than that price. And it will recover again and it will more expensive than what was happen before.

you think that the price is going to drop that much actually? thats crazy, it is definitely not going to happen, there are too much people willing to buy bitcoins now

I think there is no need to worry about the bitcoin price drop. There is no big bubble of the bitcoin so far.

We can see an upward price trend, so I hope the price won't fall too much, if any drop occurs too it won't affect the bitcoin price much and we can see $900 this year end.

i too think it is quite possible. it can be a bubble but i like when the peice became stable i ust hope it can become stable for another one month. it will reduce our tensions or we don't have to make new plans whenever we encounter a new price scale

August is very close and we will see who was wrong and who was right, at my own opinion price next month should be stable as now, but who knows..

$350 was probably part of your wet dreams  ;D
However, the most money which flow into Bitcoin before the halving went out because there was not a big price pump as some investors expected. Despite of this, the price kept stable. I think we will see a slow but steady increase in the next weeks. I predict we will see the $700 mark in August again.

And we will enter in august in a few days and still we are seeing a good stability in the price and the value of it did not decreased, I am sure and hope that we will not face any lose in the value of bitcoin in the coming but will see a good increase in the value and it will reach to $700

There is not much problem for the bitcoin to reach $700 in August or September. It has been stable for long.

August is only one day away, but I've seen no indication that the price would drop like a straight line to reach $350 in no time, that's just too impossible to go down to $350 and have no reason, if this price increase is a bubble, then I think we will drop only around to $500 as it is where the rapid price increase start, lower than that, I don't think so..

Its impossible for the price to dropped low like that since bitcoin as of now  is stable on $600+ mark, there would be a big problem if bitcoins price would  dump its price. If  that would happen then many would panice buing or  many would buy more bitcoin since it is a good time to buy more since its price decrease for 50% then a   sudden pump at $1k then it a big profit for all.

hahahha ok i wait you and watching this topic
hope you gol 350$ and people can follow you

350$ bitcoin price is not what we can think at the present moment but it cannot be overseen. The price of bitcoin has started to DIP signififinatly today and it is gown down to 630$. Maybe its the beginning of the decline.

That is right. I think the lowest price of the bitcoin could be around $550 in the near future, no way below $500.

Yeah there would be so many buyers again if bitcoins drop in the near future below 500$. Money is so cheap at the moment and with no real interest on your savings account people are searching for alternative investments like bitcoins.

There's no sure if it decline or go down even lower in $500 mark. No one really knows what would be the trend. If op's assumption at $350 price it might be possible, in that case many of us here would definitely buy more Bitcoin or some would do panic selling I guess.

I agree because it is exactly August 1 now in my timezone.  And seemms 350 USD is far from happening.  It is true that no one really know what would be the  next price of bitcoin because it is all depend on the demand and the motives of the whales out there.

What's keeping the whales from making their moves? I suspect they are now toying with ETC and ETH, making profits out of it

A lot can happen but for miners to mine with profit means a price above 400 dollars. So my estimation is that the price will not fall beyond 400 dollar.
No miners mean bad business for bitcoin.

To my opinion this prediction is as much true as that one that Bitcoin would be 4000$ after halving. It's just speculation but with no solid ground.

Well, watching the current and unexpected drop, it would not be so unlikely to achieve a price below the $600 or $550 level, but $350 still seems very far to be achieved in the short run, taking into account that August is already arriving.

you got a point on that. it would never drop a price so low like that. and all of us are expecting its price increase sooner this year so the $350 rate wont really happen. this is just my own opinion though, coz we dont know what might happens next.

Exactly $350 mark is too far away and  its impossible to happen. Look at the current state of bitcoins price its going down slowly but  it wouldnt go down so low to reach that $350 price. I believe after this price down there would be a price increase sooner or later. Lets wait what would be the trend.

If the bitcoin does drop below $350 and stay below that level for a few days, it means the bitcoin is dead.

it is coming only in your dreams. :D . the price will not fall the half of its current value because there are hundreds of buying orders are ready to buy when the price go down for few dollars only

right now after the halving the price must be even higher, i think 600 is the floor price that still gives profit but it cannot go down any more unfortunately

I also think like that, I think the lowest prices will last up to $600, after which the price will rebound and continue to rise until the end of the year. at least hopes to achieve $800.

I wonder if bitcoin can hit 800 usd at the end of august,  As we can see bitcoin price decline as it enters the first day of august.  Would it rebound in the coming day? I hope so but it seems 800 usd is far from happenning but i wish I am wrong about this assumption.

Just lets hope that the price of bitcoin will hit at 800 value or even 700 value is the next resistance so that people wil lattract to buy bitcoin that can increase more above 700 value..

Well well well.

Why not? Maybe btc is going down, at least there is a HUUUUUUUUUUGE FUD spreading. It's never a good sign ;)

I totally disagree with you, I am very sure that the price of bitcoin cannot fall in the month of august rather the price will rise more according to the prediction of some expects in the bitcoin market, I can't wait for 1 btc to become $1k

The cost of mining has no bearing on the price of Bitcoin. Just because the cost to mine a coin requires a $450 price for miners to break even in no way creates a price floor.

why is there such speculations like that ?? we all know that we cant predict the price range of bitcoin. even the miners dont know that too. it can go high or low. but not as low as $350. so we just need to keep on watch over the price.

Omg, the price of bitcoin is decrease right now. I'm really scare if this will real happen in August, i can't imagine if the price go down so hard to $350 in august.

You cant say bitcoin would be dead at $350- mark even if it stays at that price for a week. You wouldnt know if it continuosly dump or  just stays  only to that boundary. If the situation in continous decreasse  then it might  there  be a problem in bitcoin that causes to much dump on its price compare to now.

This is not new and this is not something the the Bitcoin community is supposed to be surprised with and I'm not surprised with those who keeps on spreading FUD. It doesn't need rocket science to check the history of Bitcoins rate for the past few years and seeing the price go down or drop even further than expected is not new. We should be used to this news.

There has to be a reason before that happen though. most of the time, exchanges site goes gox or maybe Craig once again.
Its those major news that usually the cause for the drop.

There is no sign of the big exchanges goes gox. The lower price now is just the direction of money flowing to Ethereum.

ethereum...

sorry for OT, but can somebody ELI5, why it is flowing to ethereum? I really don't get it, but because I read this as reason almost is every thread, I'm little bit interested what is going on..

The price of bitcoin is  dropping as of now  but  it wouldnt reach  $350 mark  because its already too low to consider that price would drop like that.  but expect there would be a pump in next  month or years i guess.

the price really started to decrease in the month of august, but I don't think that it will drop down to $350, I hope that after reaching to $580 it will once again start to increase.

I also do not think it will happen fast in August, but bitcoin always unpredictable when the increase can be very fast.
but indeed this time price fell nearly touched $600, but it is very likely to rebound. let's hope :)

 ;)

we're not there yet but that's one hell of a call all the same. but when does a rally become a bubble? the last few weeks and months didn't feel like much of a bubble to me.

it was most certainly a bull run but there wasn't any mania that I could see. we'd still be catching our breath if it had been a real bubble.

Yes its coming bitcoin now is dropping so soon reach 350$ many investor now that keep there bitcoin is crying. But many has got happy because they wait this time to drop the bitcoin and buy. So fix emotion now hope it bubble up again to 700$. But i think many investor now they are panic to sell there holding bitcoin.

That was unreal man, the price of bitcoin decreasing so bad and it's really scare if the bitcoin's price will down to $350 in august, i hope it's never happen on this year.

well, sadly the price dropped less then 580$ . but I hope it won't reach to 350$ this month. bitcoin price should increase because almost 90% of bitcoin holders believe that bitcoin price will become double after the pricing. and if price drop like that these all will loose their money.

I think this can possibly happen, because if we see. Bitcoin price is going very low now. But we cant assure that it will happen exactly this month of august. Maybe this will happen in later months

I do not think the bitcoin price will drop to $350. But the price could drop below $500 due to the hack.

In my opinion it is mostly due to bitfinex hack, panic is the main motivation behind this fall of price. It will correct to its previous levels in a few days.

I think it depends much on the media and picture they will be drawing of bitcoin.
Since this was not the first hack of an exchange, and the DAO attack is not that long ago, I can imagine that there will be a big image damage.
And that would scare people away from bitcoin. For a longer period.

In such time I don't know if medias could be responsible for such loss (remember most people and media don't speak a lot about bitcoin and its ecosystem).

Yeah, it's affect the price of bitcoin so much. The price of bitcoin is goes down right now but i think it will increase again step by step back to $640+

Yeah the price of bitcoin will not be drop to 350 usd because this is very less amount, it is only happen when bitcoin loose their importance in the market. And yeah may price will drop to 500 or below 500 usd but it will definitely increase in next year.

Now bitcoin has breached $600, it will test $550, its low before the Brexit vote, the recent price decline is the evidence of a post-halving fallback, and that bitcoin will find support above $500 within a year.

Bitcoin wont go down the 500 dollars value, miners can let it loose a bit more to get more bitcoins from week hands, but bitcoin price for sure will stay above 600 dollars this year, its just bitfinex hackers news damaging bitcoin.

With btc @ USD 541.50 in early of this month. I guess is time I take back everything I said acouple of weeks back concern the price of btc bubble cos when said the bubble will happen I don't believe it and my question is. How do know all this right in time when btc was at peak price?

I wouldn't call hackers dumping $70M worth of bitcoins as a bubble. Once the panic sellers sold all there bitcoins, prices will start rising again.

Even if the price of BTC were to somehow drop to 350 I'm sure it'd rebound unless it fell due to some major flaw in BTC or (and more likely)heavy outside interference. The price of BTC will rebound and the people selling will have to buy back in if they still want the profits of BTC

it could happen, if you've heard the news, bitfinex losing 120,000 BTC ($64m), how if the big dump to happen? I think it very likely drop to $350. but I do not expect this to really happen.

bitcoin again rise up its price too much faster you can check the price of bitcoin really going to up, and i think bitcoin double up its price in huge amount in the end of  2016.

It is August now and we are well above the predicted amount that the OP has mentioned.
It was a shocker yesterday as most thought it would reach under $500 today but it has recovered and is well back to what it was before the said incident of bitfinex happened.
So now not to worry about seeing it reach $350 this month. I am pretty confident it won't since it weathered the storm pretty nicely so far. ;)

I hope it's true ;D

It's not gonna hit $350, maybe it'll hit back to $400, but definitely not $350.

I'm fairly certain bitcoin just hit its price floor yesterday, which is a good sign for its price in August. I reckon it'll rebound past $600 shortly and stay over $600 for the remainder of the year, considering how much support it got around $500

No even price can't get dumped to 400$ in yesterday's massive dump after bitfinex got hacked and price is already rebounding back to 600$ range so if no any similar attack/event occurs in this august than we may see rise rather than dump in august.

Yes it really depends on any more security breaches in the next weeks. People are afraid to lose money and move into Fiat again. Once they realize there is no real investment alternative they will come back to bitcoins.
Just make sure you don't store too much money on any exchange or online wallet. It is not safe enough.

The price of bitcoin is $600+ right now and i don't think it will hit $350 in the end of August. Huge down yesterday, but it keeps increase again right now.

I think this will not happen Bitcoin is starting to rise up again little by little. This is a good thing for us this is the time to buy Bitcoin and Hold as much as you can . sooner or later price of Bitcoin will go up.

I do not think so. The bitcoin price will trade around $550 for the next few months until we know the solution of the hack.

Well, it will be a good news if the price do stable around us$550 and looking at the current price now which is us$584.19 there's a little increase. Let's just hope that the bitfinex won't affect the situation till the hack problem is fix :)

If there is no further bad news about the bitcoin, the price of bitcoin will rise gradually to $600 and higher.

Let's just all pray that the previous decrease of bitcoin's price was because of the hackers of Bitfinex has converted their 129KBTC and let's pray that they're done dumping their coins. Because if they aren't done yet and they plan that they will dump all of them at once, then OP's statement might come true. Otherwise, the price of bitcoin shall rise once again. Everybody's waiting for the price increase that is caused by the previous halving.

The hacker go t 119k not 129k bitcoin. But he already made a lot of money by shorting the bitcoin.

of course it wont, the only way is up right now because miners need to make a lot of profit out of the mined bitcoins so they will try to keep the price  high

It's going to become true if price is gonna keep decreasing but i hope i will not see $350 price cause many people will start buying and selling, it will be a very bad month.

Source on this? This is the first I'm hearing about the hacker shorting Bitcoin. Doesn't sound very credible tbh.

I don't see bitcoin going that low in coming months, even if it falls it won't go below $500, so I am not at all worried about it and if it falls to that level then I will start buying maximum bitcoins for the future.

Price will slowly increase back to the $650 price we've had in the last week, people are still recovering from their Bitfinex loss.. unless we'll see another huge theft which could bring BTC down to even under $200. A lot of people already lost their trust in BTC.. now we have to recover. Buying BTC would increase it even faster, maybe even passing the $650 price we had!

I don't think that the Bitcoin's price will decrease to this level in this month, nor even in the few coming months..i think it will decrease and then will increase highly after some weeks

a few days ago when the price started to decrease then I remembered this thread, but thanks God that it did not happen and the price once again started to increase and will come to increase than $600 sooner

$350 will never happen again. If it does happen, it means the bitcoin is a dead coin, the price will be zero.

If it falls to $350 then it cannot be considered as a dead coin, it will be dead only if it falls to zero level but that will never happen and even its not possible to fall to $350 level.

if such incidents continue to occur, I think bitcoin prices in August will actually be down. but I would not think like that, because I think, although many bitcoin has been stolen, but every day there will be people using bitcoin makes the bitcoin prices rise again, you just need to believe in bitcoin

Lets hope that it doesn't really happen. Actually Bitcoin's price has been really stable considering the past records. It has even risen up after falling a bit after the Bitfinex hack. Also, apart from all of these, the halvening just completed few days ago and we could expect it to be stable for now, if not only reduce by a small percentage.

I don't see the decrease in price bitcoin happening again cos the price is increasing little by little now and my advice is people should start buying cos the price of bitcoin spring up again sooner or later

Current price is good to buy some coins as price is not too high at a moment so if we buy now then we can expect higher profits in future when price goes higher.

I have bought some bitcoin recently, especially after the big price drop. It is a good opportunity to buy.

Well sorry but I would do the same. You got 120 k coins, you sell slowly 10k the  you short btc with max leverage then you fast sell 50k coins. Big profit ahead.

Yeah. But I think it would be beter if you already bkught when the price hits its lowest price. Not now that it is partially recovered. Hmf ? I don't know why the price of bitcoin is not pumping. Maybe someone or somebody is manipulating its price. But I think before the year ends. Its price will pump.

This is one of the least intelligent opinions I've read in this thread. First, $350 is likely again because Bitcoin is extremely volatile. Second, $350 doesn't mean it's a dead coin. A dead coin is worth fractions of a penny. Perhaps you might be able to spot the difference between $350 and $0.001.

That didn't answer the question. It's just speculation that the hacker shorted btc at this point, no one provided any evidence he did. I find it dubious.

$350 is not going to happen.
We have seen the bottom with 465 due to the BitFinex hack.
Although some slight pullback from the actual price (596) is definitely possible.
But it will go up again the next weeks and months I believe.

of course the price is going to grow in the near future, in my opinion right now is the best price to buy your bitcoins in order to make some good profit

i call it a bubble to.price was increased since when people started discussing about halving. now halving gone so price will and has to go into its bormal range again which is 350$ but if it was really increased then it can become stable at 400-450$

bitcoin now have a very good picture and a large number of people had eyes the money and they do not want to sell at that time a much lower price and supply will also be reduced within a month for halving that prices will increase , not decrease.

After the bitfinex  bad news, bitcoin is returning to the new value on the 600 dollars, soo i believe it will build find again the support and slowly raise till hit the 700 dollars, the cheap bitcoin promotion has ended already.

It seems we just need to be patience for it, only need less than $10 and we already back to $600 hope not to see price goes down again in the future before we reach $1000.

Yeah its good to see price recovering again and again now we are close to $600 and if price rise continues in next few weeks then we will touch $700 very soon.

Just like it was expected. Bitfinex was a small "earthquaqe" but things are getting back to normal and after it hits 650$ again I think it will stay there for a while.

Yes price is recovering slowly now and its good to see price close to $600 and I think if the current trend continues then $700 is not a big deal.

I am not sure that price will be stable after recovering, maybe something will happen to price before it take $650 point, but i hope that you are right.

Yeah, the price of bitcoin is increase and back to normal again, but i hope it will keep increase or at least stable. That huge down from 6 days ago is really scary.

The bitcoin price is still around 10% below normal at present. So I think it will rise 10% in the next few weeks.

We are not even halfway in August and the price has bounced back decently over the last few days. This is more of the phase or movement that I prefer. Not too soon a climb so as not to make expectations too high. Normally, most would want it to go up and up only, but the price also needs to rest and correct because it is the way that it should behave.

It's not ended yet, the price is $586 right now so if anyone wants to use this unique opportunity to buy under $600, you better hurry up. I also think that Bitcoin will be around $700 soon.

Yes and I think this is the last opportunity to buy bitcoins below the price of $600 as price will keep on rising in future so its better to buy some coins at this stage with current price.

Why do you think $350 is the "normal" range? Btc has never traded at any level consistently enough for it to have a "normal" range. There's no reason to think the current price is a new normal either.

i hope so, so I will have more bitcoin, I have some money to buy bitcoin, therefore i can buy more, the more the better.  :D

For us who trade bitcoin for some extra its a good opportunity to buy when the price is so cheap then sell again when the price increase unfortunately in this moment we will not sure if the price will still continue to rise or its over and it's time to go lower now .

I bought some bitcoin when the price dropped to $480. That could be the price will never see again in normal conditions.

In one moment when price was going down, I thought its possible to go down a bit more then anyone expected. But as we see price is going up again, nice and steady. More chances are that will go up in next period then down.
Looks like stolen coins make market to go down, but as we see recovery is in the progress. Maybe now we can get back on +700 $ and stay that for a while. I agree with most of people here, 350 $ is far away, and I also don`t think that we will see that price ever again.

of course bitcoin is huge right now and in my opinion the price of it is going to grow only, 350 is never going to be reached once again

i hope soo bro, as long as no one dump the rate then it won't happen. and i now $588 lastly i saw in polo, i hope soon will reach $600 and up more.

From this point price will only go higher and next stop should be $600 which will be achieved very soon, and even price falls in coming days it won't go that low to $350 for sure.

Well, i realy hope BTCprice will go down to $350 so i could buy some more, but i doubt that. At the end of this year we will see a price of $650-700 / BTC imho.

Way to fuck up big time OP. We are now climbing again and we will continue climbing, except when the next huge ETC pump happens, we'll see BTC go lower again for a while as ETC rises to surpass ETH, then BTC will keep growing.

The miners wont never let those happen, as those value would mean for the most loss, bitcoin has recover the bitfinex issue, and now are back to the new value, it will reach 800 dollars by the end of the year, who bought bitcoin at 550dollars just made easy 50 bucks and can make more over the next months.

Holding coins till the end of the year is the best thing do as, as most of the users are predicting the price of $1k or even at the end of this year which can give us best profits.

It is quite possible for the bitcoin to be $1000 by the end of the year. If there is good news, the price could be higher.

Yes and lets hope that we don't hear any bad news in coming months like any other site getting disappeared and if something happens like that then it will have negative impact on the price of bitcoin.

thats true, i hope that the price will jump to a new all time high this year or at the beginning of a next year, in this way i would make some good money

Almost 10 days of august is ends , but price is just growing after small erthshake with bitnex, i hope that your prediction will not come true  ;D

Yeah holding bitcoins till the end of year is good because price will increase by the end of year but make sure one thing price will not reach 1000$  at the end of this year. Most of the people think that price will in between 750$ to 850$ not more then that so hold your coins and buy some more coins if you want to get some profit.

We may see 4 digits price in the end of the year or in the beginning of next year, so it would be really good hold our coins till that point without experimenting with it.

the price is definitely not going to drop that low any time soon hopefully

Well OP just got a wrong speculatio, it is  already start of mid August and the price that drops last week is now starting to climb again.  Anyway I also agree that the price of bitcoin won't drop that low instead I believe that it will climb higher than it was before.  I think close to 650 USD by the end of August. 

I agree with the comment that the price could be 650 dollars by the end of August. In September, the price could be $700.

Not sure what will be the price in next month but one thing is sure that it will never fall to $350 in coming months, even if it falls maximum bottom would be $500 nothing below then that.

As we see recently that price of bitcoin drop its price from $680 to $540 but  it would not  drop its price below in $500 mark since there would be a problem in bitcoin if  that low price would happen. As you can see bitcoin price is slowly rising  and to those who bought  on $540 mark would surely gain profit  when the price would  rise up again.

Well this was a wrong speculation, pretty bad miss. Sure, he predicted the drop, but not the accurate amount. We will surely see above 600$ in the next few days, the price is slowly recovering  588.5 right now. It will probably stay steady about 630$ or close for the next month or two.

You are right, Op's speculation is too far away to happen since bitcoin price as of now is gradually increasing even though it drop  it price in $500+ mark but its still okay i think it just packing up to have a huge price increase i guess  longing until the end of the year. Fingers crossed.

By the end of this month, the bitcoin price could reach $600. There is no way the price will drop to $350.

I am very pleased that this prediction does not match reality. Well, the reality today bitcoin prices back to $ 600, and may be unstable. I predict that the price of bitcoin this month will probably stabilize at the price of $ 620 +, and it might start to rise again as early september

there are 19 days in August when it will end, but it seems that it is impossible, bitcoin prices will fall very much.
precisely bitcoin is currently getting stronger, when prices are falling because hackers bitfinex, prices were able to recover and immediately returned to $600

we will reach huge skies as there shouldnt be such a hack any time soon as they happen really rarely, i think the next pump will be to a new all time high price

It has to more than double to reach a new all time high. Don't count on it. The next "pump" will be lucky to take it to $800.

Right, we dont have to expect too much that bitcoins price would double in this year. Make some realistic speculation as you observe the bitcoins price as of now, Double its price would be possible but it would take time. Back to topic, the price drop of $350 wouldnt happen even in my dreams. lol

Wow. Thats very high. Its value right now is about $580-$600. I dont think that will happen. We saw attacks at exchange sites earlier. If this attacks is continious, that prediction might not gonna happen. But who knows? Bitcoin is getting more popular right now. Hope that predictions will happen.

That chart is too optimistic. I think the bitcoin price will not be more than $1000 this year. It was shown over $9000.

It's a joke probably referring to the meme of "it's over 9000"

Everyday when i am cheking price, i'm preying, please no, no $350.. And you know what? It's works, price nowdays is not $350, you can be happy guys. ;D

If now the price has dropped to such a level that even the Internet such hysteria not seen, which turned to the network from that. Everyone is now waiting for a huge growth bitcoin, and does not expect even a bad outcome.

the next pump the price is going to go to an even bigger price, in my opinion a new all time high is going to be reached with it and it will make me some good profit

Yeah I think we will see next price bubble very soon and may be it can go to even $2k and if it goes there then do not hesitate in selling your coins to make good profits.

When i look at the chart i just say "Wow! really? Haha", that chart isnt realistic at all or even convincing since the price is bitcoin continously dropping its price then suddenly goes up, $9000 is too much. Well, we cant predict the future on what would be the  things would happen.

lmao, 9k is impossible, at least now. Maybe possible unless most of people use bitcoin in the world. But actually btc is lower, more people will accept bitcoin, hope btc can be cheaper.

I totally disagree with you, because bitcoin going to rise up its price too much faster

Price may fall in coming days but there is no scope of falling to the price of $350 as that price is history now and we will never see that price again, from here price will only go higher.

Yeah, i really agree with you. The price of bitcoin will be decrease, but not decrease so much to $350, it's to much for me. But i hope the price of bitcoin can stable or maybe increase.

I think the bitcoin price will be stable in the next few months if there is not big news. The price will rise according to mass adoption.

In that light, a drop to $350 is more likely than a double to $1200. Investors as a whole are optimistic right now. In a downturn, the price will collapse. (That's the entire investing universe, not just crypto.)

Nonsense. You sound as clueless as the people who thought the halving was going to send the price to $4000. People always think the *current* price is a new normal, and the only thing Bitcoin has consistently proven is that volatility is normal. $350 in the future is more likely than not. Saying $350 is impossible and "never again" is pure delusion.

I do not believe the bitcoin price will fall without further bad news. It is in the correction phase and will rise soon.

well of course it is going to grow in the future, in my opinion 350 dollars per bitcoin will never be seen, i hope we will make a lot of profit of it

The worst which could have happened to us has already happened.
Another exchange got hacked and we dropped down pretty hard to 465.
That was the bottom.BFX is online again and the price only can move up again if not another major exchange will have any serious issues.That is the only scenario I could imagine BTC to dive down to a 300 range. But this is not very likely imo.

I am not getting what is your point and what you are trying to say, but the fact is it will never reach to the price of $350 in coming days.

Indeed, this hacking incident on BFX is dragging the bitcoin price. Another negative news will further pull it back. Though BFX got online, but recovery is slow but surely it will go back to the price before it crash. More people are hopeful that after this controversy,bitcoin will be on its feet again to jump ;)

I hope your right because I will definitely buy more if it happens, so when that kim.com thing happens i score big!

Bfx incident causes the bitcoins price to drop its price drastically but it doesnt mean that it would go lower  than $350, maybe if theres another hacking incident then it would be possible. It really depends  on such circumstances that really affects the price. We can expect that bitcoins price would go rise up again after the incident and would fully recover its price or even more.

Would be gross to watch this happen, BTC losing most of it's value.

I personally highly doubt it will happen but WHO KNOWS!

Even though bitcoins price as of now is dropping but  it wont never reach $350 mark since its too low.  Its impossible for bitcoin to drop its price,as we all know that bitcoin price is unstable  it would  definitely rise and fall its price but not as much as low as OP's speculation.

Exactly we may see price drop in future but it won't fall that low, I don't see it going below $500 ever and $350 is surely not possible as that price is too low for bitcoin now.

it would be really bad if the price went down that much, then the people would be panic dumping all their bitcoins and it would be impossible to make profit

If bitcoins price would  go to that lowest price maybe there would be a problem in bitcoin or maybe  some huge bitcoin holders  are dumping or selling their coins on cheap prices. But i guess  the price would increase after that since many people would definitely buy on which bitcoins price is lower because they believe its a good opportunity to buy.

do not have to wait for price drops away to buy, because it will take a long time to increase. I hope this will not happen.

Dropping the price of bitcoin to $350 is really impossible now because we know it's on recovering stage, it's already August and we never see any circumstances like what the original poster said, meaning to say there is no proof if he has then it's fake. lol  ;D

Yes, that's nearly unrealistic, despite the bad news from btfinex hack :(
nowadays price seem stable around 580-590 $ 

Yes bitfinex issues is the main thing which drag the price of bitcoin down and it take a lot of effort/weeks before the get back to normal cos good things are easily destroy but hard to build. Let's just hope another exchanger problem won't arise in future.

the price will return to normal soon despite the issues of bitfinex we faced bigger than that in cryst @ mtg in the past time so it is a matter of time to get in right track.

I think the current price is quite normal after the Bitfinex hack. After a few months, people will not remember the hack, the price will rise.

Bitfinex hack is history now, people and bitcoin have started to move on now and the price of bitcoin is on recovery stage at a moment and we will see much higher price in coming months.

It is history now. But people will not forget about it for some time. Maybe after a few more months, the price will rise again.

Yes it is really bad for exchanger reputation that the fund being hacked by hacker and cause the price to drop, hopefully the exchanger can increase their security and improve their services, after the Crypsty now BItfinex, the exchanger reputation really is in a bad shape

Yes people who have lost their money in scam will not forget it easily as they have lost their hard earned money in it and they will prefer not to invest anytime in those sites.

People haven't actually lost money yet, because they have been given BFX tokens. They can always wait for them to be redeemed, if Bitfinex recovers. Of course, these people won't be investing additional money any time soon.

Its really hard to digest when you loose your money in such scams and if you have invested all your money then it may make you bankrupt which can affect even your family.

It would be really hard to move on when you are experiencing  such big loss because you wouldnt know  what thing would you do next. You will back to zero and start from the beginning  and the hardest part is when that money you invest  on those scams are  those money you just borrowed or loaned from others.

That is the reason I do not invest in HYIP. They are too risky and most of the them are almost certain scams.

Only a find end up shinning. I didn't invest in the Ethereum ICO because I thought it was a scam and it went up to 10 dollars.
It ended up being a scam tho as we are seeing with the hard fork disaster, but it at least pumped hard.

of course you would lose money with hyips, i also never do such risky things because i hold my bitcoins at the moment and expect for the price to grow a lot in the future

your right. thats the best way anyone could possibly do. earning bitcoin and holding it off and wait for the price to increase. so never invest on any sites that can be a scam. just keep on earning as much as possible.

Its really better to hold you bitcoin rather than thinking of investing it on hyip  in hoping  for such high returns, then you would definitely regret in the end if you do such thing.
Earning bitcoin is really hard  and we must  keep it and stop on spending it  in useless things and wasting to those scams.

For the past 4 days the average drop of Bitcoin is $4 per day so if this continues to happen until end of this month we are looking at $64 drop from today's rate since we still have 16 more days to go to close August. That being said, $350 is far from the what we have now that is its only $4 per day drop and we may reach close to $490 - $510 by end of this month.

The reason for the bitcoin price drop is that people are more interested in the altcoins now as they are more innovative.

@ corenin/mandica, the incident of Crypsty and BItfinex might be history but people will never forget it. Are tell me the person which lost bitcoin worth thousands of USD to forget the date/time the matter occur? They might get over but it will still hurt so deep like knife and my suggestion is that we the user of bitcoin have do something concern the exchanger problem cos we have a lot of smart and talented people on here. Let's work together cos we got to do something.

I think I did not mention anything about the reason why Bitcoin price continues to drop  ??? my post is more on how much it will be if drop continues but anyway Altcoins are Altcoins and as I observe, Altcoins are more like here today, gone tomorrow, like a trend. People are not buying because of Altcoins are being "innovative", I think its more like they are taking advantage of the price and sell when it reached it full potential and go back again to Bitcoin  ;D

Agreed people are getting attracted towards altcoin as it allows them to make quick profits, and that is the reason they are investing their money into it.

Wow, you seem to be completely wrong. Even after the Bitfinex hack the price is still much higher than you predicted.

People trade altcoins to gain more in BTC or fiat.
Nobody who is serious in really investing in any altcoins.That is crazy!
I mean look at all those scams, and fast daying alts when whales or devs have dumped their premined stash.
The only coin you can reall invest in is Bitcoin!And even here you have to be very careful not to have too much in skin in the game.

You cant compare bitcoin with altcoin because bitcoin is a lot better and already well developed and very popular and yes  you may gain profit with  some altcoin but its just a few pumps and  suddenly dump forever which is not good compare to bitcoin that increase its price that no one altcoin could  compete with it.

Well, we still have a half of the month ahead, but I doubt the price will drop that much. People won't let it to go that low because when they see the price below $580 they start to buy and they are right in doing this IMO.

The price at the moment is far from a bubble. It's a realistic price, and i think it is undervalued. Because of the bitfinex hack we saw the price in a decline.

Even on the incident of  hacking the bitfinex it do affect the bitcoins price as  it goes lower compared to the $680 mark but  its impossible to lower its price for $350 its very unrealistic speculation from OP, if the price would go to that bracket there must be a big problem with bitcoin.

$350 is a bit unrealistic in my eyes, but I'd be loading up the truck if we get there!

yeah, thats why i never invest into anything that seems at least a little bit fishy, to be honest im just holding my bitcoins now and waiting for big prices

Its impossible to happen in this august i think the price will stay at 500 value but thinking that bitcoin will be bubble is impossible that the price of bitcoin will be 350 value.

Dont be too comfortable with the price of Bitcoin as it may drop to as low as $350 if theres a reason like another huge or known exchange site suddenly becomes unaccessible or hackec. If you remember Bitfinex security was breached last June which causes a big drop of up to $130 USD in just 4 days it migh happen again to another site.

Well, as everyone of us see bitcoin didn't get to 350$ yet, oppositely price for bitcoin is just rising day by day. It tells us to not believe to some predictions without any strong proofs.

Half of the august has been passed and the price is around $580, so Thanks God the price of bitcoin did not fall to $350 , I think now it is not expected that the price of bitcoin will every drop to that lower value.

Yup and even if price drops in coming days then it won't fall to that level and to be honest I feel that price is history now and we will never see price below $500 in future.

I dont think bitcoin price will be in 350 usd end  of August  .There are 14 days more for end of August but if  bitcoin doesnt has securty problem i dont think bitcoin price will be 350 dollars no reason for that for now i how it will not be like that too.

$ 350 is fantastic, here are 750 more realistic.

The bitcoin price is around $566 at the moment. Then end of August is 13 days away. I think the price could be between $570 to 590.

Bitcoin price is never stable it goes down but when it goes up all the way it will reach the last max cap. I believe that bitcoin price will not go down to 350$ this august until the end of august. My estimation of bitcoin price at the end of august is 620$ or much higher. I can say that this month is a good month to buy Bitcoin , i already stocked some of it already and will sell it next year.

The price of the bitcoin is quite stable at around $570. So I do not think the bitcoin price will go to £350 unless very big bad thing happens to bitcoin.

the price is going to be over 600 dollars in the august in my opinion, it should make me decent profit

And if you take the name of the topic and the current state of bitcoin, the predictions have not come true. Of course it remained still a strong shock in early August, but nonetheless, bitcoin is slowly but surely starting to rise up. Probably very pleased with those bitcoin users who managed to buy a bitcoin but low price, and are now waiting price increase.

Yup $350 is too low and I don't think that bitcoin will ever see that price again and price is at $570 so I don't think it will go that low in this month or even in coming months.

This price wont be reached never again, and if for some reason hit this you can be sure a huge security problem has been found and bitcoin will need to clear it fast to avoid it going down. Bitcoin will stay stable at the 600 dollars, and at next halving the price will  for sure hit the 1000 dollars again.

Month of August is almost  go to end but  as we see the bitcoins price didnt  even  go lower than $500 mark. Therefore Op's speculation is just an unrealistic view of bitcoins  price drop in the month of august. Actually no one could guess  what would be the price in the future, its normal for bitcoin to drop its price because of some circumstances but  for sure it would rise  up again .

350 seems like a big low of a prediction to me, but the way things have been looking recently I do think we are going to be going into a bear market.  Slrst case I would expect around 400 this month.

I would disagree with you,  it wont reach that low bracket price as op mentioned because even  if we suffer from drastically drop price previously because of some matters but  as you see at the price of bitcoin as of now it gradually increasing as of now it may drop but a little amount only for sure it wouldnt reach $350.

And that's a pessimistic post, indeed.

It is possible but it needed more deeper dump to be happen but as far as i've seen on bitcoins price flactuation those said downward price would not provably happen since bitcoin gor more adoption and surely big whales will lift it up again so the price regain back to its original form, 350 is very awfull price for us to see its because it could not be profitable anymore for us when the price really reach for that far.