Bitcoin Forum

Based on the market price trend graph, bitcoin has shown signs of price decrease, as of the moment an alarming decrease has occurred and for two days already it slowly showing the falling movement.

Is this the sign that bitcoin will unfortunately going to continue to go down. This seems a bad news but we hope that it will go back.

Will it go up or fall down more.

price just recovering it self to the stable point,increasing a little bit but continously,so it's basically no selling trend,so it comes to the conclusion that the price will definitely up,nothing to worrying about,after halving just happen,it's seems a bit hard to dump the current prices,but any possibilities could happen

nobody knows for sure and can't give you an exact answer. this can be temporary for all we know just like many times below.

i wouldn't worry too much since this is just a small drop and there is $600 resistance on the way.

p.s. move your topic to speculation board.

why do you bother others to comment on such a topic ? again bitcoin is showing what it is known for and there is nothing to worry about. we are currently lying at 620-625$ which is not a major decrease from 650$. if it decreases like -60$ or more then you should worry a bit. btw, do you really think that other people's posts in this topic will be really affective or will change the market price ? no, so why to create such threads ? there are already many such topics made daily in the speculation section, so you should post your opinion in those threads instead of increasing more garbage. just my 2 cents!

Well isnt a new trend bitcoin has always a dump and pump moment, soo this is where some people are able to make their income along the dumps. I wouldnt be scared because bitcoin has just passed the halving moment some days ago, soo till some months to price reach and becames stable will take a bit, didnt you expect that the halving price would keep just growing.

OP you should relax.
On 22nd of june we dropped to the 590s and bounced back up.
July the 7th we dropped to 610 and now we had been down to 615.
So if you have a look at the daily chart it looks like we've tested the bottom a third time now imo since june.
Sure there is no guarantee that we won't go lower but I'm still bullish and think we will move up again soon.

I think bitcoin drop is not yet on an alarming stage :) But, even if it drop to $500++ it is a good opportunity to buy. But still as you've said, and I agree, I am also bullish and optimistic that it will recover soon. Hope so.

What do the professional traders say to this decrease?
When do you buy?

for me bitcoin has become a trend that can not be eliminated. bitcoin has become part of our lives. bitcoin makes it easy and rewarding for every financial transaction we do.

This up and down trend is something that is always present, nothing new. Unfortunately, it can't gow up constantly but I hope it will not drop down too much. But still, this isw.the regular part of Bitcoin life circle that can't be spider..

It is just small BTC price decrease. If you remember BTC price go up in June this year from 450 USD to 650 USD. Currently it is USD 628, so it is just crypto market changes and not new trend, in following days we will see what's going on.  ;) 

there is no huge decrease, you must be new to bitcoins, right now neither drops nor growths are scaring me because if there is a sudden change it is just manipulated

it has to do with one thing, that none seems to consider, the fact that altcoin mining is very profitable, and it is added to the halved block reward, another good portion of bitcoin produced per day

altcoin miner are dumping at least 1000 more bitcoin a day added to those that are produced by the bitcoin chain already, which are 1800

this considering that there are 200k gpu that are mining and each one produce 300-500k satoshi per day, in other words there was no halving at all, there is still a dump of 2800+ coins per day...

this is just a small change in bitcoin, the stability has made everybody lazy and it seems like everybody has forgotten that bitcoin used to change $50 in each swing up or down. now it has been stable for a while and changed only in $1-$5 so everybody has forgotten a while back.

Bitcoin is cryptocurrency and volatility lies in their nature.
Therefore a few percent up or down are nothing special. It's simply the way bitcoins are.
Of cours if it happenes for a longer period, even small steps down could cause some crazy reactions on traders side.
But at the moment I do not worry.

I'm also worried for this  !
so I decide convert my bitcoin into some altcoin so I can expand more transaction to achieve more profit. But I've convince my self that bitcoin are risky trading so I know this will happen one day on the future

But those coins are coming from somewhere.. It is not like those bitcoin are produced by altcoin mining. People buying the coins that are dumped during mining need to buy the bitcoin themselves. So it is basically a 1 to 1 exchange of fiat for altcoin with a slight delay in between where coins are bought and sold.

RSI analysis shows that a sale was bound to happen, probably will not go lower than 550-600 usd.

Typically this is a correction that just has to show the market that we have a place where everyone is relatively comfortable, where the investors are currently out buying the sellers, and the sellers stopped dumping because of the in the value. It may seem like bad news for a while, but in reality I personally think that this is the perfect place to buy. The value is relatively low and will more than likely have a bull run at some point.

I think the market needed to correct a little, think the price will be well-supported at around $550 with pretty decent buying interest available below those levels

The fall in price isn't as steep. It should hold stable once it reaches a support point from where price may rise again if the markets are good. I honestly feel it's still a pretty good price, but yeah we could expect anything to happen. Also, I think we're still holding strong in $600 per BTC, which is a good sign.

this looks so familiar, let me think where have i seen this before in my life... [pondering for hours looking at the charts]
oh yeah it is called every other day in bitcoin market with the same price changes.

https://i.imgur.com/OgOMkEo.jpg
and the other day:
https://i.imgur.com/fkJ3PL0.jpg

I will just take advantage of the price decrease to buy more bitcoins. For how many years,  The price decrease is always happening and now what? Bitcoin is still alive and kicking.  Still nobody knows what the future holds

those coin are still exchanged for something that is produced, and it is very profitable, so it's mean that it will be dumped under the price at which those bitcoin were bought, because miners have the upper hand over those buyers that bought those coins that are sold to those altminer

example, a random guy buy at $650 1 bitcoin, he use it to buy a profitable coin, like etheruem, now this mean that a altcoinminer dumped his etheruem for that 1 btc, now he did it at a ratio that it is very profitable for him, so he can dump immediately the 1 bitcoin he acquired

Nothing new. We were on a slippery slope long before the halving hype started. We had a small boost because of all the hyping. Now it's back to the slippery slope we were on 3-5% decrease daily if not more and if we don't get a massive crash.

Well, after a rise up to 660, I don't think going a bit down at 615 is a bad news ^^

Seems normal to me.

This is from eyes of been through all the ups and downs.

If your current position - meaning you cant afford to hold the bitcoin - then sell it. But intially you`d want to hold this due to the worlds view of money then anything else.

And the obvious demand for it.

Why is everyone so pessimistic? A year ago we had a price of roughly $200 and it increased to $400 to $450 .... It averaged there for a long time, and then it quickly climbed to the $600+ levels. Most

of the speculators from the Halving has dropped out now, so we should se a bit of a decline in the price. I think we will see a price averaging out at $500 again, and then it will climb back to the $600

to $700 level, later this year around Xmas.  ;)

Yeah i don't understand either,
They all seem to believe there is a bubble, but I don't see a sign.

Yea it is decreasing and it will go up 3x in my prediction which will defenitely gonna happent really fast and bitcoin could reach big price this year maybe about 1500$ because of smaller amounts using fiat.

I'm really worried about the price, until now it was acceptable and it was good to see bitcoin at ~600€ but now that the price has been decreased to 550€ means that something in the background is happening which I still haven't found what is that. Maybe the ethereum rise?

It will go down more below $600. But do not see this as bad. It is actually good because more and more buyers will become interested again. Right now this is a seller's market. The price is high and there are not enough buyers or demand to bring bitcoin further up.

ETC and ETH grabbed investors attention, i guess the rest just move thier money to ETH derivative seeing as these are much better currency and that no one as of now is simply claiming they are scam. 

BTC market share is 81% like always, so it's safe to assume that BTC is dumped for fiat. The only question is why?

Even there the explanation could be the eth/etc investors.
Eth and Etc are second and third by market capitalization.
Maybe the volatility of those two coins at the moment scares btc investors away becaus btc is a crypto currency as well.

Not a professional trader, but as soon as you start seeing new users with little to no activity claiming that bitcoin is dead, it's usually a good indicator to be ready for buying.

you are missing one important thing, and that is the price of these pairs (BTC-ETH, BTC-USD, ETH-USD)

if the miner wants USD he will dump ETH for USD directly and if he wants BTC he will dump ETH for BTC directly and will keep the BTC.

he will never do ETC > BTC > USD because he will have to pay the fees twice and the prices will always be at a balance that you will never make any profit from this additional step.

at this moment:
ETH/BTC : 0.01741
BTC/USD : 605.89
ETH/USD : 10.56

in other words 1 ETH = 0.01741 =10.54 which is the same value

I don't see this as completely new trend as we have also seen similar cup like pattern before, so after this 10% dump we may see steady rise to recover price back to 650$ or even more.

i think bitcoin recall his previous trend it awakened the people as there is a big downfall in the price of bitcoin. the price is trading in 570 $ now. but i think this is a temporary down fall. and hope that it will recover itself very soon.

The bitcoin price is around $585 now. I believe the price will trade here for a few more days, then it will go to $600.

i think that bitcoins trend is only up right now, in my opinion it will be huge soon

Bitcoin has had a downtrend for the past week or two, so it definitely isn't an uptrend right now, and it probably won't be for a while, until the market gets bullish again. I'm thinking that there is going to be an uptrend sooner rather than later, but I'm not 100% on that quite yet. We just need to see that bull run happen and some faith will be restored in the value.

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

The bitcoin's long term trend is to be used by more and more people as it offers better functions than conventional fiats.

thats true, more and more people are into holding bitcoins right now or using it, the adoption is massive and i think bitcoin can only grow because of that

I think the bitcoin price will resume its uptrend very soon. People will forget about the Bitfinex hack soon.

yes i am agree. bitcoin price has to start increasing very soon, as in present tie there is no bad news about bitcoin therefore people are investing money in bitcoin, hope this uptrend will continue for a long time.

It is not just the Bitfinex hack. It is also to do with the excess euphoria before the halving.
In some sense that contributed to overpricing around July.
Once those effects wear off, the uptrend will resume.

And then we can hopefully run the price up into the 500+ range

I think when OP wrote this, we were dropping to something like $518 or so.  I bought a little on the way down, made some money on the way back up.  Not much--I should've kept buying, but oh well.

This wasn't a trend.  It was just the usual bumps we see in crypto all the time.  Now as to the current level we're at...it's a damn good time to buy, I'd say.

It good no doubt about it now jyst buy cuz price is going up for sure this year and there will be no error in this
Price is recovering and slowly goes up and buying now us best option

in my opinion there is no new trend in the price of bitcoin which in my opinion is still on the trend of bubble this occur after the spike in the price of $ 220 and we are still awaiting the trend what will come after halving.

There is still a possibility of it going down. So the better option is to watch and observe, save money and be ready to buy at lower prices. This is a time for bargain hunting especially in times like these when the market has low volatility.

Wait for the market, watch the market, buy the dips, wait for the market to go high, sell. It's pretty simple from a basic point of view, but there are definitely more variables and so that make this a bit more of a challenge than you'd like to believe. Having the market in a low volatility period is probably preparing it for a bull run soon, if the market decides to get active, but I doubt we'll see bear runs for a while.

LOL @ "this can be temporary for all we know"

Be sure and understand how bitcoin drops to lower lows each time it drops, especially during a prolonged bear phase which we seem to be mired in.

This is not a temporary down situation. We are in the long term decline situation. Unless prices go up during this November/December, we will definitely be in a long term bear market.

There's no good news coming in the next few months, so the question is how LOW it will drop, before it starts recovering.

This is all because of bad fundamentals. The bitcoin developers are fighting among themselves, they have no leadership, no vision for the challenges facing the bitcoin community, it's just a sad, pathetic state we find ourselves in.

The bitcoin price has already rebound from recent lows. The situation you mention has nothing to do with bitcoin itself.

Self-deluded people should refrain from posting in a speculation forum. The current situation has everything to do with bitcoin itself. We ARE speculating about the bitcoin price, are we not? Only delusional people think bitcoin has nothing to do with the current price situation it is in.

Bitcoin has NOT rebound from recent lows, in fact it's been testing new lower lows recently. Go take a look at the price charts.

LOL This is becoming not even funny any more. Lots of people here need to wake up and smell the coffee!

I think so. The bitcoin will trade around $590 for a few more weeks. Then it will rise to $600 in September.

I think the price will continue to fluctuate, but I speculate that the price will hit $800 again by the end of the year. Next year could be a big year if we see some stability the rest of this year.

sure trend is rise again slow but steady no doubt that will be 800 by this year end maybe little more

I think the same. Downtrending is very strong nowadays. It can't go up, It can't go down too. It will probably have a downside explosion if this continues like this for a month or two. Maybe even sooner. My fundamental analysis also says bitcoin is expensive atm. 450-500$ would be a fair price.

Don't know why people are talking about down trend all the time?
Don't you guys know what happened and why the prices went down?
It was just because of the hack and nothing, let the markets stabilize and it will again start to grow.

I do not think so. The bitcoin price has stalled for a few months now. The $900 to 1000 price can only be achieved next year.

I hate to sound pessimistic but I think we are continuous short term downtrend. We have seen the price rise, only to see it fall back again. We could see the price go lower than $500 if the demand thins out in the next few months. But overall, the upward trend for long term is still very much evident. I'm not going to lose hope of it recovering in the mid $600s or even $700 by the end of the year.

It has stabilized quite a bit now. Price has been around $575 for more than a week now.
This is a long time by Bitcoin standards.  ;D

Honestly anytime bitcoin will be down but many investors out there are looking for a cheap price to buy bitcoins again and invest and make a profit when the price is increase. so its normal that the price of bitcoin is down because its unpredictable..

That's something the right thing and will continue to happen. Because the bitcoin is a currency that has a unstable prices and the weakness of the US can benefit greatly if we can put it to good use. Investment in bitcoin is anything better than having to do a gambling

Yup it's unpredictable but price is in the way of going up only. You have to check the speculation thread properly and in future years bitcoin has the great potential to reach more than 2k by next year.

correctly . Sometimes we can not think what is desired by others. we may want prices to rise. however, some people even want the price down. This is becoming a differentiator for traders.

Let the Bollinger bands get a bit more squeezed and I'm sure we will see another breakout.
This time I'm positive it will be a bullish one with $700 as the range could head back to.
Last year August and September had also been pretty boring.Summer time! And then we started to take off!!

I agree with that. The price of $600 is not very challenging.

I think by the end of 2016, the price could be between 800 to 900

800 for sure if it goes over it will be new year special but with 800 to end year will be good

bitcoin is currently being increased a hefty price. visible movement slowly but surely. even the increase was highest during the past few weeks.
us here hope that bitcoin will not decreased again.

Just what i expected to that bitcoins trend would reach that price in the end  of the year of  2016 or    beginning of  year 2017 which is really good for us  bitcoin holders and investors. Well lets see on what would be the future  price of bitcoin. We are hoping  almost  the same thing.

Very curious. Please share some insights.

it is like this:
1) since you lost the chance to buy when price was low now open some buy orders at lower price
2) go on bitcointalk and start spamming all over the forum about bitcoin is dead and is going down,....
3) hope some fools are going to fall for it and start selling so you get your desperate orders filled :D

We have been in an uptrend since early 2016.   

Which isn't really surprising after a long bear market, and with the halving in 2016.   

The only thing holding us down and preventing a massive 2013-style breakout is the blocksize debate (and possibly to a smaller extend the bitfinex hack, but that shouldn't have a large impact).

Once the scaling problem is fixed, expect prices to absolutely go through the roof.

There will not big rise like what happened in the 2013. At that time, the market cap was mch lower ad there were fewer bitcoins.

well the price is really stable right now, it seems that after the halving there wasnt too big of a growth to be honest despite of the fact that everyone was hyping that the price is going to be growth a lot really fast though it did not happen

only right now the price started showing some positive trend and the price went down to 625 dollars per bitcoin at one point, though right now it seems that it is stabilizing once again as it is not growing any more

it would be really bad for me if the price would come back to stable numbers, first of all it would be really boring and there would be no thrill to check the price and secondly i wouldnt be able to make any money out of the cryptocurrency trading

Another perfect example of a "talks_cheep reverse indicator". Thank you.  :D

doesnt matter, bitcoin is still tiny in terms of market cap.

and back in 2013, we had less users as well.

I agree with this at least, but peeps are making a hard fork, so that might fix it.

yes price is really recovering itself,and now it is trading above 600 USD. hope this time bitcoin will cross 800$ in october and will make new record at the end of this year,

Either it is the trend but it can well be the price is manipulated again. For us spectators it may something we will never now. In that regard it's hard to say we are dealing with a so called new trend or we ar seeing the whales back to work. Either, interesting times coming up.

That could be right. The bitcoin price trend is up at the moment. That trend started from August last year.

I don't think price is manipulated, or even bitcoinn price can be manipulated at this point.  You need a very large sum of money to do this.  Even if there is some whales who wanted to, he needs to throw millions of dollars before he can move the market.  I think this is the price correction stage of bitcoin where bitcoin price settles at it's  right value  and be stable for sometime before an increase or decrerase of price.

i wonder what will be happen if mr. satoshi nakamoto still with bitcoin developer and stay work in behind of bitcoin and blockchain technology, will it be the same like now or it will be more attract people? its just my curiousity.

totally agree, also I think most whales are now trading alt coins because their 1000-5000 BTC are not near enough for bitcoin price manipulation, even if they decide to try to manipulate BTC price their first target will be to dump and try to short
I bet in past few months they tried hard to short and most at least 80% lost

he made bitcoin open source for a reason, and made a possibility for hard forks for a reason.

many people know more than 1 person, and he knows the market will chose the right solution eventually.

if bitcoin core devs don't solve the problem, a hardfork will solve it. And if a hardfork doesn't solve it, and altcoin will solve it.

I prefer bitcoin core to solve it, but I have lost my trust in core, so I am now waiting for a hardfork to solve it.

I don't really want to move to alts, but I will if i have to.

Bitcoin is getting bigger each day he lives but what is the future for the bitcoin we wont know it because it is getting a trend by younger people and they dont see some dangers so they are just going all in.

It is a good thing that bitcoin is not being manipulated anymore. It means we can freely speculate the price of bitcoin and trade without the worry for bitcoin suddenly dropping.

with the more people which know bitcoin, i am believe that bitcoin will explode and become famous and for now, bitcoin is already a new trend. but maybe its just in big city, not in small and middle city. i thinks we need legality from government so bitcoin can blend into many people and they will know about bitcoin.

Bitcoin is a big new trend not just because there are allot of people interested into it if you see people trade other are going to trade if you see them selll others will sell that is human behaviourss.

I have lost my faith in the core developers and the bitcoin foundation. I have already moved mostly to altcoins. Bitcoin is mostly dead to me.

I think what we are seeing is a short term pullback and the price not being able to establish a good support. $600 seems to be the price that's going to stick for a while. We have not seen any major movement in the past few weeks and we don't know how long this happens before something makes the price go to another direction.

The Bitcoin foundation never played any significant role nor was highly excepted by the majority of the community.
This was a group full of people with self interest and scammers.
Regarding Bitcoin core I see things slightly different here. They are working hard and want things do be done properly.That takes time.
I'm still convinced that Bitcoin is on the right path.
If you wanna sell the rest of your BTC, 'm sure there are more than enough people who would be thankful to buy them.
Go full alts buddy!! ;) :D

Yup it will stick upto this November and after that price will rise for sure due to Christmas holidays so try to utilise that sell the bitcoin for the profit.  Hope for the good luck.

Christmas is a dicey time. People may spend their bitcoins at online stores, buying gifts.
Then these online stores may dump the bitcoins in the market back again. This could depress the price.

only predictions. We'll see in time. not everyone celebrates Christmas, bitcoin price movement for me is not affected by such a thing.
bitcoin require a more powerful impact again to move.

This kind of discussion returns every two or three months. Bitcoin is still a very young, and thus very volatile asset and movements of 10% in each direction are something normal, not requiring any big events or news. Yet, people start looking for theories or supporting news every time there is a $50 movement. And now again. Either you are a day trader looking for such swings and trading them or you are long term and then you have to really take a zoom out and look at the big picture.

That doesn't seem the only thing as they try to be too much speculative in their words that they want us to think their way like they are speaking truth about charts and all. Bitcoin doesn't run on sentiments and rather facts which is a necessary thing for them to understand.

I would add that Bitcoin price is currently moved mainly by speculators, e.g. big whales, miners, etc. and as such it is hard to predict when the next pump happens. Once the wave comes it will be noticeable but it is nearly impossible, unless you are part of the pumping group, to predict that.

I agree that this thing may happen if bitcoin does not solve the problem  and i don't mind moving to altcoin because there are altcoin that are  more user friendly, merchant friendly and faster transaction and confirmation than bitcoin.  If this thing happen i bet those who invested millions in bitcoin will be in catastrophe.

the game is always about not being left holding the bags of useless coins (Bitcoin included). However due to the network effect, Bitcoin is a bit more immune to that than other altcoins. A bit more doesn't mean fully immune, nevertheless.

In long term bitcoin for sure will go up and even price can get doubled over few years period. In short term price will keep on swinging with slow upward trend.

Well,tell that people who bought next to the ATH at $1200. For them term 'long-term' has slightly different meaning than for these who bought for $250 in summer 2015. There is nothing 'for sure' in Bitcoin.

It is believed that the bitcoin price will be $1200 in the middle of next year. So they will have made some profit.

i think is very imposible is buy now
in end year can get take profit double this capital money
but if long term hold investment i think is very good inday trade not long time hold

i don't think that it is going to down for Long time . because at the present time here we are with the few fluctuate days of bitcoin sharp fall and down rate . its price will never goes down in this month .

We cant still guarantee though since bitcoins price is  too volatile and  unpredictable but still we could assume  that it would definitely gradually increase its price  every year and we  already see it   compared  in previous years  regarding on the development of bitcoins price.

I agree with you on that sentiment - I can see it in the altcoins - the volatility of all the coins I have invested in has stagnated over the last few days - I think it could indicate that there could be a shift back to BTC bullish sentiment. I have the feeling that a large spike in BTC/USD will happen in the next week or two correllating with a drop in Alts followed by a resurgence in alts and a drop in BTC but to a level higher than $600.

I hope it becomes a reality. I hope all indications it makes an increase in the price of bitcoin. next week there may be a rise in price of bitcoin although only at 20 USD.

the current price of bitcoin start being seen. nearly all are in the exchange rates of 610 USD.
hopefully this is a good beginning of the current bitcoin price movement. there was a modest increase noticeably.