Bitcoin Forum

Bitcoin's down to 564.45 today.
What do you guys think will be the turnaround point?

I assume there isn't anything to worry about. The price goes all the time up and down and it's not a extremely price fall. Big chance that the price wil recover in the next few days.

It was expected after such an uptrend, we are coming from the 475 ish low from the Bitfinex disaster, we recovered fast and now some people is scared to hold for any longer and are panic selling. Same happening with ETC. Just bought more cheap ETC to benefit from it. Short sighted people are truly morons.

This amount is low to you? We see this drop in price all the time and after a while it comes back to where it once was. It eventually does...it just takes time. ;D
Never really saw someone show the difference percentage wise in the decrease and when you put it that way it does not look so bad.  ;D

It's nothing to be worried about , we have seen it 250$ or something last year so unless It reach that price , no worries.
It's probably some manipulation for exchange to buy at a low price.

I think as Long as the Bitcoin Price remains above $500 everything will be good. There is just no Point in sell your coins at the Moment in my opinion. In the next 6 months Bitcoins will be Close to $700 again.

If you look right now you will see price is already up by 2%+ rather than down. Price may keep on swinging below 600$ and than it may get pumped above 600$ after all whales complete their accumulation phase.

Absolutely nothing to worry about, you're right. People with half a brain are invested in bitcoin for the long term, this isn't a get rich quick scheme, certainly not since the Gox disaster.

Patience in bitcoin will be rewarded.

The price right now is changing and looks like its pumping again.. bitcoin right now is moving up and down. there is no stable in this day.
Bitcoin is unpredictable and i think this is just because many traders right now in bitcoin.

Bitcoin being down 1.22% isn't anything that's out of the ordinary for a normal day at the market, and right now on preev the exchanges are averaging the mid $570s. I could be getting the dates wrong right now and this is a thread from yesterday when the price was a bit more volatile, but right now it isn't swinging back and forth.

Turnaround point?

Here are some:

-If there will be such market related event/scenarios that can boost up the price..
-If big whales will start doing some trend that can make the price up..

Same goes for price decrease. Well everything is unexpected so expect all possible scenarios.

even if it is going down right now in my opinion the price of it is going to grow a lot in the near future thus allow us all to make some good money