Bitcoin Forum

I was wondering how BTC's price dropped pretty hard the last few days and how it was most likely the result of the ETF rejection, the possibility of a hardfork and the panic selling that resulted after these two events. In the past however, after bitcoins major crash in january '17, it rose quite quickly in  less than 2 months back to a new ATH. Why did this happen, and what could make BTC's price go up again in the upcoming weeks/months?

Some whales should collect more btc, then the price ll go up again

Yeah right, if more whales will buy bitcoin again , then bitcoin will start to pump again. As of now whales are busy with ETH , DASH and XMR.

Time and only Time.

give it a couple of weeks at most so that whales can accumulate back what they dumped on top but slowly and at a low price while nobody sees they buy orders in the history. and also let the altcoin pumps reach an end and all the traders take out their money with profit from altcoin market and bring that money back to bitcoin and you'll see rise again this time bigger.

No one knows on when the price of bitcoin would go back up again and yes we are now seeing on the price suddenly decreased and still continuing to fall down and going back again on below -$1000 mark this might be the result or effect of rejection on ETF or whales do cashout their bitcoins and securing their profits. Don't need to worry since price will eventually go back up again.

ETF has nothing to do with yesterday's price crash, we didn't expect ETF to be accepted in the first place.
We have stable period after ETF decline, price dropped by stabilized day after ETF was rejected.
Current crash is caused by FUD about potential hostile hard fork and possible bitcoin split to BTC and BU as a result.
That statment (https://www.scribd.com/document/342194766/Hardfork-Statement-3-17-11-00am#from_embed?content=10079&campaign=Skimbit%2C%20Ltd.&ad_group=&keyword=ft750noi&source=impactradius&medium=affiliate&irgwc=1) issued by major BTC exchanges only fueled the uncertainty about bitcoin's future.

Mostly of us here wonder why bitcoin price always change from time to time, bitcoin price is unstable. In my own opinion, bitcoin price go up again if more users in the country would discover and used it. We all know that bitcoin now is very demand in the markets so no reason to the price would fall in the bottom and the bitcoins performance is very progressive

If we get a clean fork (so not 2 coins), so we can put the scaling debate behind us once and for all. I think that will give everyone faith again in Bitcoin and I think a lot of the people that moved to alts will come back into BTC, that'll probably cause a nice rally. Nothing is certain in crypto land however so anything can happen  :P

Yes, it needs some more time. but for sure the price will raise up. it is just rotation again the money has to be returned then we can see the raise in the btc. i think the btc price will again increase in a month of time. there are some other ways where we can see the profit is we need more people to join in btc and as we all know when the volume of people increases, we can see more number of trading will happen so which will also give a chance for raise in btc price.

Ahaha, you worry too much or indeed you are a person who just feel the trading in the bitcoin..?? . Because it is true from the beginning of the growth of the bitcoin always make people get the losses and profits, it is perfectly reasonable. I'm sure the ETF is not causing the price of the bitcoin, because if there is no ETF in the bitcoin. Bitcoin has also been very popular and provide advantages to all people
 

I am agree that such 10% fall to bitcoin is not the reason for new panic. The price will come back on the previous level in couple days, so just stay calm and keep your coins. ;)

It actually because of the rejection .well some high investors are selling their bitcoins and buying new altcoins .well i would suggest u to have a little patient in it till the price goes up and it will be soon.

Bitcoin will rise again if it circulates it's value like last time , if more people are interested on it and when they have been deposited it yet. I think it will get a higher value again.

10% is a normal rate. up and down in the figure can still be regarded as a reasonable movement. certainly bitcoin is a digital currency that usually have a move above 10%.

Actually I thought it were newbies selling their coins seeing BTC over $1,200 and not believing it will stay that high or even higher in the future. But now I think maybe you are right, the whales dump BTC to lower the price to have the opportunity to buy more BTC at low price. If that's the case the price won't stay long below $1,000. And when the whales will start buying their BTC back the price might rise as never before.

I think that it's just about huge transactions and who wants to keep their money in BTC or in cash.

Example, if I hold my (let us say) 5000 BTC's in my wallet for full 8 months, and then I transfer them to someone who doesn't want to keep it in btc, but rather cash it out immediately, then this screws up with the price.

And there will always be people who like cash more then btc, and this is why we have such fluctuations. But no, I'm not worried, the price is going to get up again in no time.

That's right big whales must have bought huge amount of coins by now so just relax and be patient and price will start recovering once again and now it will cross all barriers and will show us the price which is beyond our imagination.

Burn more bitcoins that'll reduce the supply more then the demand will increase and the price should rise again in no time. Also there's the bitcoin block reward halving but it'll take another 3 years before we get to the next one.

That's unfair. Simply the bitcoin will grow gradually when the block size debate comes to a conclusion. Even today the price is not that low even on falling more than $200 in a short term. The price will surely increase in the upcoming week or months when situation becomes stable.

absolutely. the price was extremely high from some days because of which some people has held the btc with expecting it to increase more. also everyone thought the price is high and they were afraid of buying so the price all of a sudden fallen. now it is the time to buy and when we see more people buy again then the price will go higher again.

if there's someone bought a lot of bitcoin at a time there will a dump too ,
so one or three big player won't have any effect to the market ,
but when there is a popular company accept bitcoin ,
it will boost bitcoin price to the moon!

I think it will go up soon to 1200$ like before.
Since the price of bitcoin is down atm and many people are thinking of buying bitcoins and i am sure that it will definitely make the price of BTC go high again.

First of all the price was not even bothered because of the Etf rejection, it's is the news of hardfolk and the miners desire to make love to Bitcoin unlimited which has resulted in the crash. However all is yet not lost. One global economy uncertainty event, will trigger up side chart again for Bitcoins. However till then, there nothing but patience for all of us. As the uncertainty will continue for a while, let's be positive something good happens for Bitcoins.

I think this variation of bitcoin price due to selling-buying bitcoins around the worlds. Maybe a high percent of them in china, which they have a big community there.
It dropped to around 930$ yesterday night. and now considering to preev is 1037$
Price increase 100$, It's good, but i hope that bitcoin price will go back again to ~ 1250$ and maybe increase more.

Yeah if people start buying bitcoins in huge quantity then it will help in taking price to higher level in coming days and now we are again seeing slow growth in the price so if it continues in next few days then bitcoin can again achieve the price of 1200.

You know, in the world of economic, if the supply is low  the demand is high and if the supply is high the demand is low so. When the price of bitcoin is going down maybe the demand is very low, so if the is high the price also will be high. So thats the way that we could make bitcoin going up again.

the drop in price is nothing to worry about. Sometimes it is good for bitcoin to exchange hands and the rich to accumulate but I just wonder if the rich keep acquiring and others keep releasing, How scarce it will get and costlier. Every news is always affecting the demand and supply, BU rally and sorts.

Last year in same time bitcoin price was like that too it was so active and other this period bitcoin got hight price and this year again same tragedy and again same game , some one find one reason and bitcoin price is going down and u asked me what could make bitcoins price go up  ? my answer is time  , just dont worry and when bitcoin price is down , try to buy more bitcoin for last year .

This is not the result or effect of ETF rejection.  If you can read on one of the thread, the sudden dip in price is due to the announcement of several exchanges about the warning of future fork.  I think these exchanges just wanted to bring down the price and the best reason is the danger of fork which is actually not true.  If the Chain fork  this means you will have more Bitcoin, one from one chain and the other one from the other chain, this is more than enough reason to buy more Bitcoin but rather these exchanges makes it look very bad to make people worries and pull the price down. 

I'm pretty sure this price decrease was just because the FUD around segwit and the Bitcoin Hardfork. The price will correct itself, and we will be seeing new high levels in a short term

Like many dumps this one was orchestrated too, question is by whom. People who want to bring bitcoin in discredit or perhaps a group of whales who were in need of some extra cash.

Time will tell.

Exactly, the whales are going to buy the panic sellers stake of bitcoins for cheap and then the price will rise up again or even surpass the previous threshold.

It wasn't the result of the bitcoinETF rejection. The scalability debate has become the main concern which it has a relationship with the downtrend of the bitcoin price.

A lot of the rumors if there will another bitcoin in the future. Or the bitcoin chain will be split into the multi-chain.

But I will assume, the price of bitcoin will increase if there will a good news or rumors in the future. The sensitivity of the market by the news or rumor give a lot of the effect to the market trend. I don't know when. But,  with the rumor about the hardfork in the future, it makes me difficult to analyzing the exact time for the comeback by bitcoin itself.

if you want a price rise took the high demand it means you need to create mass demand to be high or make panic buying it will make the price go up. I am sure of it..

I think they are collecting more BTC now as they deliberately caused the price to fall so they can buy it cheap again and the cycle goes on.

Buy more btc and store it for long then it will help us to grow the value up.
More purchase of btc will make it move upward and rises.

Bitcoin halving event . thata the time that bitcoin price will eventually rise. But just to make an expectation, it will be doubled the price from today's price. But in my opinion, that will be the best halving event. Because from the price of today, it will rise again for as much as 200% from today. But im still monitoring what will happen after thst event.

To make it go higher of course we need to increase demand and to increase the transaction volume number, the most make sense way to do it is to ask people to increase the bitcoin usage and introduce bitcoin to new user, the dangerous way is the whale playing with pump and dump

If you are able to buy big amount of BTC then buy it now then for sure value will gonna move high. I hope big whales gonna store some btc or purchase more btc now so we gonna be benefited with the move of btc value. This is the best time to buy more BTC.

After the price dropping for sure it will rise up again soon because users will stop from selling it due to price down again. It is just a cycle, that is how the value circulates. I was outdated of the news about ETF refection? How it effects the bitcoin progression?

The price will go up again, don’t worry about that, however what it could really make the price go sky high is if we finally were able to find a solution to all this political debate about the right solution for bitcoin whether that is BU or segwit.

fixing the scaling issue, and all the debate around it, plus EFT acceptance, would immediately make bitcoin look stronger and solid, the result would be a very high value in a short time

make some big merchants are not accepting bitcoin because of the block limitation, and if they start to accept it adoption would increase quickly just think about amazon accepting it...

what is killing every tiem the bitcoin value is just pure fud attempt that are driven by a bunch of altcoiners whales that like to get cheap coins each time there is a chance to do so

these people would be destroyed if the adoption was far higher

Political debate? I've seen a lot of debates consiering that here on bitcointalk, and I'm not sure what to think anymore. Segwit seems a little impractical now to be implemented but I don't know about BU, but I think the price's not depending on that debate that much.

It did happen because of the politics and some bastards starts to create their own coin and wants to put bitcoin under them. And the only thing that will make the price of bitcoin go up again is to get those people back to buy a lot of coins again and get back to bitcoin or attract some new investors to buy more bitcoins,

I would say that there are a lot of factors but mostly when Bitcoin price The Rise there is generally good news about it so when there is good news such as the first Bitcoin etf being approved then the Bitcoin price will skyrocket

the community needed to help to attract more new investors for the price to uprise again, after those debates and some speculation which hurting the current price we must focus on how to attract more people to get engage and start their journey to this wonderful investment, its all about us who believes to help the system.

I am sure, the main factor is not an ETF but because of demand and supply. the price of the bitcoin looks stable and not drop in huge percentage because users kept soaring and bitcoin very limited supply so prices will continue to rise.

If those crazy people behind with their BU will going to back up and will show support to core bitcoin again.

But still, it's just another way. Another thing is if those alt coin buyers or migrators of their funds to cover their losses with bitcoin will comeback again.

And will buy a lot of bitcoins that will make significant pump.

Some good news here and there wouldn’t hurt, but any fast movement with the price seems to make the FUD increase so I would like that the price slowly establish a good support before any push towards a new high can be done. There’s so much to debate and resolve that can easily be advantageous to the price of bitcoin, but since there are people who can’t get their acts together, we might see more volatility along the way.

If this war between segwit and bu has ended, we are in a better position right now. But because of the statement given by some exchanges and the fear of imminent hard fork, price is going down instead of up.

If bu and segwit can can up with common ground, it will push bitcoin price to the moon.

We should not rely on whales pumping the price or in the end we all will end up losers. Bitcoin will be owned by a few whales and we will be in their mercy.

If the whales gonna buy bitcoin it will increase again and again.  ;)

Yeah but unfortunately thats not going to happen is it.

We should expect the worst, hope for the best.

I wouldn't put any of my funds into BTC currently, maybe later when all this crap is sort out.

If you can see the movement in bitcoins price it was starting slowly to increase in value again amidst the price crash due to panic. But the support of the majority of the community did not leave bitcoin alone but they saw an opportunity to buy more bitcoins instead. The decision of the major exchanges has also made a good impact to bitcoin community that they have some sort of insurance if they continue to use bitcoin.

I think you should take a risk of investing some amount in bitcoin at this stage as price is not too high and if price goes on the top in future then it can give you good results and investing in bitcoin is always an smart move to get positive results in future.

Yes it's our task to do so and with the price of bitcoin right now, it is still attractive and for sure for the next months we'll see the price to be back again. That's why we just need to do the usual way of promoting and helping the adoption of bitcoins. And also the bitcoin gambling industry is a big help for making the adoption happen for getting more investors and users.

This is only the demand of bitcoin in the market or bitcoiners .
Fall and down in the price of the bitcoin is common thing if you will see the history of the bitcoin price then you will find that 100-300$ per hour flutuations happened , so here this is totally a usual thing that is happening . But here I am sure that it will happen soon for the bitcoin to go UP because currently the price is down due to the problem of history transactions of coinbase users ( I think this problem will solve soon ) And this will tend to the increase in the demand of the bitcoin by the coinbase user and that will results into the increase of the price .

We cannot tell on what is the exact date for bitcoin to regain its price since bitcoins movement is unpredictable at all, And for now to rise its awareness i think the best thing for us to do is to hold still and let those people who near to us knows about bitcoins so that it will spread little by little untill the awareness will go wider. And although it is hard to do but we should do some hardworks for it so that the demand will rise and the chain reaction for that is surely the price up.

I agree with you since in the past, bitcoin's price too have been very unpredictable and at times we cannot tell whether it will pump or it will dump. The best thing to do as you said is hold. Also in addition to that, we should also earn more bitcoin using means where we can multiply the bitcoin we got or doing some jobs or micro jobs as past time like me when I am bored and earn some money from it although just do the worthwhile ones.

Yes all we need to do is an up to date market research and hold on to bitcoin rather selling it when the price falls like many people hacve done this in last two days and also have some secondary income like joining signature campaigns.

Yes you have to hold the money and wait for some days, once the price gets stable then you can plan to sell. reason is we are not sure right now whether the price will increase or fall, it is not stable as before few days. let the price get stable then try to sell/buy.

holding bitcoin will be good idea but again as far i concern about this what if the price dump down again. so whoever thinks there are already benefiting for them it will be the best to sell, because the price is not very stable now. it is either raising or falling.

So if the price will be dumped again therefore you need to keep on holding it. Holding your bitcoins for making the price go up again isn't going to help. We are just storing our bitcoins to our wallets and there's no transaction happening and circulation of coins in the market. But if we are going to use it and spend it, we are helping for making the price go up again.

Yes don't follow the herds, when the people are selling it doesn't mean that you too can sell. just read more blogs and research and then you can take the step. blindly don't follow anyone, apply the logic and then take the step. To again get the price to high we need to have more transaction and more users should start using it which will again take the price to the higher.

I said political debate because while the debate in theory must be technical, the discussion has become a matter of prestige and about power, it does not seem like we are going anywhere and with the recent attempts of FUD that crashed the price things don’t seem that are going to improve.

We can help the bitcoin to reach the big value in the way of as much we can via adoption. Other than that its all depend on supply and demand only. Please keep sharing about bitcoin in your twitter and facebook pages to make bitcoin more familiar to the people who can give best adoption to bitcoin.

At this point, we can't do anything but wait. Probably once the BU fiasco has been settled and consensus has been established, we'll see a constant rise.

It will be difficult to reach full consensus as the majority of the pools mine their blocks supporting BU. It's 40.3% BU and 26.4% Segwit right now. Things can change rapidly if certain pools start signalling support for Segwit instead of BU, but then again, I don't know if that will be enough to reach the 95% activation threshold. If you purely look at what's holding Bitcoin back, then it's the block size increase. If that is sorted out, then there basically isn't anything hold Bitcoin back anymore.

Whether bitcoin price increases or not, I will just wait and look hoping that it will increase because there is virtually nothing I can do as I don't have the volume to make that happen so whether I pump or dump, the price wont be affected in my opinion and that applies to majority of us here, Rather than looking for answers for everything, let just wait and the answer will come the right time by the time the big players finish sorting themselves out.