Bitcoin Forum

As of today, bitcoin has fallen to ~$567 all the way from $599!

This was after Bitfinex' customers grabbed their remaining coins from the exchange - they seem to the doing a hard dump at the moment...

I hope the situation gets better before the year ends.

No need to worry. While this is Bitcoin and people are used to action, it's normal to see the market and its traders take a step or two back. And that's exactly what is happening right now. I am sure this won't last till the end of this year. At least, it gives people a good opportunity to keep accumulating coins at these prices.

If you're a trader & you bought at 700 then you should be annoyed but not worried. The price will recover & go past 700 in the next 12 months.

If you're a HODLER then this really isn't anything to even shrug your shoulders at. Most of us have been in this game long enough to relax during both price rises & drops.

The price fallen to $554 to be more accurately.And we saw a pretty nice bounce after that up $565.
And right now in this moment we are at $568. It's probable we are seeing some more volatility as traders are always take advantage of such situations before things calm down.
I wouldn't be worried.Ups and downs we have several times before.I'm sure we will move back up again.

Those who bought at $700 aren't good traders. So yes, they should be annoyed. Other than that, the situation is what it is. It's too late to sell, so people should keep holding and buying themselves more coins in order to bring down their average buying price.

Yeah, this could just be a bad news for those who bought the bitcoin while rates above $ 600. because it is certain they will get a loss. But you don't need to worry over it, because the price of the bitcoin will definitely increase again. but it takes some time, so we only recommended or required to be patient

Exactly like that. It's all just a passing thing, and the market will settle sooner or later.
The only thing that scares me in these rather big price moves, is the fact that my bitcoins calculated in usd value, varies almost 1000 USD +/- (often in a day !). Scary thing when its going downhill.

The price at the end of today showing stronger buying support in all exchanges price seem to regain 600$ within end of this week. May be all who have grabbed their remaining bitcoin in bitfinex have finished dumping.

You do not need to worry too much as friends once again will temporarily rise. I do not think the markets will remain that way. Just what could happen to the dollar is important here?

Unless I'm missing something, the average value on preev is in the mid $570s. What's this noise about it dropping to $567? Aside from preev including Bitfinex with their market averages, the other exchanges are pretty prominent and they would be matching up with these movements within the market.

those growths and falls are just temporary, it is back down once again right now, i think it will bounce like that for about two weeks