Bitcoin Forum

Hello!

Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.

Gold is down.

https://i.imgur.com/X2VB31k.jpg

Silver is down, too.

I would guess those holding gold/silver/bitcoin sold off to produce more liquidity for themselves or its a form of price manipulation.

If the two italian banks in bankruptcy held gold/silver/btc and sold off their holdings to payoff their debts, that might make sense.

Thanks! Yes it's a exciting time, financial crisis often happen between 7-10 years and we are soon there again.

Did you check how much gold went down?

It is somewhere in the range of 1-1.5%. Basically, the change is just bordering on average daily volatility of this metal (and it's already rebounded to 1,243 dollars per ounce). Regarding cryptocurrency going south, the explanation is simple, and I've been telling it for a week already. The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July


August, 1st, yeah

Thank you Deisik. Judgement day, do you mean Segwit?

If you think that the price of all the major coins are going down is a good thing so that you could accumulate more coins,good luck with that idea, i do expect this to be a regular procedure after any major rally,the market just corrected itself.You might see a rally in BTC in the coming months.

On second thought, it could be ethereum price falling through the floor that is dragging down btc..

https://i.imgur.com/2ium7HH.jpg

Bitcoin isn't a bubble.

ETH could definitely be a bubble though. Its fall could diminish btc's value as eth's bubble pops.

Most probably some people are cashing out to avoid major casualties on their assets. Nothing to worry about since it is normal. Some also say that we are on a bear market so we will see downsides more often.

It is a great opportunity to buy Bitcoin because of the low price. As what they all say, "buy on the dips".


Yes, yes he does.

If you check coinmarketcap or any site that list the 24h changes on different coins, you will see that every coin had a huge dump except for 2 (If we exclude Tether which is supposed to have stable value of 1 USD) and bitcoin didn't really get much of a price decrease compared to others. ETH in the other hard is not doing well, It's probably caused by the ICOs selling ETH for fiat to start the development and the network issues that they are currently having.

So your idea is that I should buy more coins on a high, not when it's low? That's not what I have been doing the last 4 years.

What do you mean by rally? Do you mean fluctuations in price? Why do you think it will be more tense?


When will Segwit be decided, are there a lot of drama because of it? I have been gone for a while :).

Thanks

Why, how would Segwit have any effect on the price, I mean in the downtrend ? Usually this is the inverse, as hype feeds the rises.

The old hard fork battle, which caused a major vote if I remember correctly caused a lot of drama and a big drop in price, but that was some time ago now, maybe 1-2 years ago.

As to me, Ethereum is just a wrapper for scams

And if many projects linked to it scam in the end, it will be considered as that exactly. Further, Ethereum going down (for example, due to ICO's starting to fail in massive numbers) should actually contribute to Bitcoin growth since people will move their wealth from it right into Bitcoin. There is no reason to cash out just because of ICO's scamming (which is not Bitcoin's concern). The current decline of most coins has more to do with dismal expectations and increasing anxiety linked to the coming final showdown between Bitcoin developers and miners

just giving opportunity to those people who were wishing to bet bitcoin in low price. so i am thinking that bitcoin is currently trading in low price but it will start increasing very soon, therefore they should hurry up and should not waste the time. because they have a very good opportunity and no one was even expected that the price will come down to such a low price of 2300$.

I think it's all about uncertainty. It is almost certain that we will have segwit in less than two months, but people are afraid that later there might be a fork to 2 mb, six months from now. I honestly think it's very unlikely that this will happen.

So bitcoin is not the only one who is in down. And for sure that there's going to be another round for this correction. But this makes the market very good and balance, ups and downs making our trades good. This is really making those holders sell and do panic selling while the true believers will just keep on holding.

Once i was a panic seller, but never will repeat my mistake again. Now it is better to buy,look on WAVES it is cheap as hell and it would be really great crypto in future. Nice trades coming soon for all of us =)

Even the price of bitcoin falling down I think you can buy also bitcoin because I believe it will increase again. I think why bitcoin price is fall because people panic selli.g because of the segwit in august 1. I hope it  will not big effect for us. Ethereum also dump in yesterday and I hope it will back again to their price .Buy more ethereum now and alsp bitcoin so you can make a lot of profit. Increase this two coin.

Over the past hour, it has been something so erratic and even alarming based on the the percentage fall but every situation presents its own opportunity but buying needs to also be strategic not to buy now and price dips further it will then mean one makes more loss even without tasting any form of profit and could even be discouraging but hopefully the market will recover soon to its initial position.

Most of the coins or tokens are on ETH chain and that's why when ETH falls it triggers a domino falling and shows how the same people and

Same investors are behind all of the crypto coins, one person sitting behind a laptop or more pathetic with a smart phone dumping every thing

With a single click or tap, seriously look at these market shares negatives all -%21/-%19/-%23/-%25.

Yeah seems that a few has too much power and that's really disturbing

It is not the new thing here. Bitcoin price is volatile it kept on changing up and down, I agree it is the time to buy more coins because price is low now. A big increase in the price of bitcoin is expected in the near future.

I don't think fork will happen. If happens, we'll keep our bitcoins and one piece will die while the other piece starting to be stronger than current bitcoin.

I think this is just normal of Bitcoin.  The other week bitcoin was at this price then it goes up and goes back to this price again.  This is what we called high volatility.  Wild fluctuation that attracted lots of day traders since they can book big profit from this price changes.  I am surprised that OP is still surprise about this kind of price changes in Bitcoin.  And about ETH it goes down because it should since ETH had form a bubble and seems this bubble burst.

But wont investors be more nervous the closer it gets to Segwit? Wouldn't that theoretical have a bigger impact?


Just guessing, the hard fork take over last time had a big impact from what I can remember.



Yeah, well I'm not very active any more. I try to read up on the market when I have money to invest. Everything I have in BTC is very long term.

I have two roads
1. Buy now
2. Wait and see if the Segwit will have any impact

I agree,now is time to buy more bitcoins and bunch of altcoins 8)

I guess FUD about august 1 is finally taking effect. There will be more of this as august 1 draws near. The upside is we can buy cheaper coins during this panic dump. And for long time holders, just hold on.

So maybe I should be cold and wait to buy more? I don't have a infinite supply of FIAT :D Maybe it will drop more the closer it gets to Aug 1.

Not sure if it will drop more before Aug 1. Maybe this is temporary like what we always see when bitcoin prices suddenly went up. This is the usual case whenever it reached a peak and it will just steadily rise back up again.

Why would investors be more nervous about Segwit Impementation?  They should be excited about it.  A chain split means double your stash, one each chain, doesn't this mean more profit?


Definitely Segwit will have an impact, either it is good or bad is still out of our sight.  But I believe, segwit will definitely have a good impact on bitcoin price after all this rumors and FUD is cleared.  I would buy now from that two roads, actually I have some BTC here and waiting till after August event to move them.

yeah I think placing much deeper it could go down more as the trend is showing but for sure it will bounce back right after, better to watch out and see
what's aug 1 brings to btc value if its for good or for bad almost one month more bitcoin really unpredictable as it is.

Exactly! It may seem shocking at first but we also need to understand that BTC is becoming popular everyday. The market may crash anytime soon but this does not mean that its value will completely change. These changes of its price fluctuates every now and then due to other factors determining its price. I also do think that this is a good time to buy one for investment because of its low price in the market.

Yep buying more will be the best move now. The whole market is on a crash I guess. After this normal pump and dump scenario in the market of crypto, next will be the increase again. Again the price is up now at $2400 and its a very good rate after the small falling down in price.

Yeah, it's happening when people cash out their funds from cryptocurrencies, even though a bit-large (4%-30%) decreases from some coins but bitcoin seems still hold its position, won't fall too deep obviously. On the other hand, ethereum price decline like 11.08% within 24 hours and people speculate some projects sell their eth, it make sense as many projects based on ethereum blockchain.

yes that is right it is just a temporary downfall and the price of bitcoin has to start increasing again, because still there is a lot of potential in the price of bitcoin.

Everything what spikes so hard has to drop sometimes - don't worry !

Hey, isn't it the good way to buy those coins whose prices fall now? Well, the answer should be yes but as I am reading your post, I find it the other way. We should take the price drops as an opportunity to buy more coins.

With all due respect, gold is down about 1% only whereas Bitcoin is down a whopping 4%. That is a massive, massive difference. If Gold dropped 4% in one day, the entire world would be talking about it. Anyways, we were in a massive bubble so it isn't surprising at all this happened.

We do not know how long the downtrend will last. It may last until august 1 and may extend beyond that depends on what will be the outcome of the event. But I hope it will recover soon, all we need is good news.

And as i noticed most altcoins also are falling in there prices just this morning almost all are in negative rate. But i think this is just but normal albeit most altcoins too increase. But for me it is a good thing to have the chance to at least try buying coins for future price increase.

Sudden fall in bitcoin price means ,whales are ready to buy and hold lots of bitcoins. Lets ride to those whales and buy some bitcoins while its cheap.

Exactly, the best strategy is always to buy the dip. These corrections are nothing more than that, just corrections and the pump will eventually resume.

I, for one, am thankful to our Bear overlords. Trying to get in on the cheap.

This sudden fall  will give chance to those who are waiting for the bitcoin price to go down,where they can buy btc in a low price . These are the profit takers if im not mistaken. They are the ones who always  do this thing.

It was more of a panic sell and market is now recovering nicely

The sudden fall is because of the news about Bitcoin splitting some are panicking for that is the reason they sell their coins. The news about splitting isn't clear yet for me because last time i heard though the pools are in favor of the split but the core developers of Bitcoin are not participating.

But markets have always been, in essence, a place where uncertainty prevails, and therefore we have seen similar declines and volatility in the price at other times with no clear reasons. It is valid trying to justify this market behavior under the light of the information that we have at hand, but just as these days the price has dropped before this uncertain panorama, in the same way we could see in the next days a new upward correction still under the same circumstances because that is how free market works.

It is to be expected, the prices have been very high all year I think it is time for the price to get lower, it was impossible to maintain those prices any longer especially as we get closer to segwit activation, some investors want to cash out and some prefer to stay out of crypto for some time and wait to see what happens with all this drama.

Lately the price of btc decreased as well as other types of coins, Probably with a price drop as there will be a bigger price spike in the near future either in July or August.

Yeah I think the value of the bitcoin will goes down in this august but I know bitcoin will recover in that situation. We   need to believe that the bitcoin will not die. We need to hold the bitcoin and sell it in the future.

I don't think so, maybe bitcoin need a little bit rest. Moreover maybe bitcoin were started to decline their value in the market. But I can't worry about decreasing of bitcoin value because I believe that bitcoin will increasing anytime.

  A FALL in BITCOIN and AltCoin is not of concern to the world yet. When it RAINS in LA Angelinos don't wonder WHY?

The "WHY" is evolution.  the Market is looking for a physical shape. You/WE are the GODS that create that Physical SHAPE.
HOLD onto your BITCOIN and BUY when its affordable When you can and SELL when  YOU WANT!
   BUT HOLD on to what we have. We are in an infantcy of currency exchange. This thing is not even crawling yet.
Promote EXCHANGE
    GET folks comfortable accepting Cryptocurrency. Buying it Holding it. selling it Trading it.
There is NO NEED for BITCOIN to BE BLESSED by a LOCAL DEITY, HIGH PRIEST
or  LOCAL President or even condoned by a RockaFeller.
we have the FUTURE. NURTURE IT.




   El GAto FEoBTC

i hope not so , better to see bitcoin keep skyrocketing instead falling.

and also it is not just bitcoin and eth , but now almost every single altcoin have got fallen, cryptocurrency seems experiencing a massive correctiion? a mass correction? i don't know what is the real reason why it is havened recently .

but i can speculate that people getting tired on the crypto stagnant price and then this happened.

The same thing with what I've learned with the market of crypto's especially in bitcoin. Look bitcoin is now recovering so ETH does. It's good to prefer to some other alt coins but it's up to you. Anyway, I will still go with my decision that I'll be holding bitcoin and will not let go of it until it reached my expectation.

I hope the price of BTC did not suddenly fall because the atmosphere is unstable at the moment, maybe a lot of people who feel the doubt to the last second in determining the closer we got to extra patient. and always see the movement of the bitcoin so that at the beginning of July the determination does not occur to disappoint but made many smile seeing him with the price

I just notice that All cryptos are dump starting last Saturday. Is this just a coincidence that some big ICO are starting after price dump happened. I don't read any news related on certain price dump of crypto. Any thoughts?

There's no solid evidence of it of it, probaly this is just a coincidence. Hope price back soon, i'm still holding.

This doesn't look to be something out of control. The normal growth is happening and the price resistance is taking place, a panic situation has got risen among a certain community. This has made a large scale selling and has caused the price manipulation. Personally I don't think there is a need to relate bitcoin with altcoins as both function on different platforms.

If we look on this little more specific then price dropped little more then 9%, on top of this major alt like Ethereum and Litecoin also suffered a price drop with a little more percentage in price. But this happen all the time in the market and we should get used to it by now.

From this price drop we could expect correction in order to return to former price.

Yes some newbies have got panic and started selling their bitcoins as usual.Once again,a great chance for big whales to grab more btc before its price rises.Also,we could see bitcoin price recovering a little immediately after a fall.It is mainly due to the continuation of buy orders since bitcoin has users nowadays all over the world.

Yep that is why we have corrections, no currency or asset can go up exponentially forever without having a substancial number of people cashing out causing the market to correct itself down a bit from time to time. The alternative would just signal a massive bubble forming.

Correct. This is one of those signal that will indicate massive bubble. Prediction is that after activation in August we will see major bubble, still some think we will see falling in price but this small amount of speculators. This will only rally more investors with this correction and think that this isnt last one. Expect to see at least 2-3 more before activation.

Well, bitcoin was overpriced. I think that the natural range for bitcoin currently from the demand and supply is probably $2200-2500. When overpriced, there will always be a correction. Ntohing surprising. Same with ETH but in ETH's case it was a huge ass bubble instead of just overpriced in bitcoin's case.


Interesting observations. I have been following gold/silver charts as well and was surprised 2 days ago on how gold and silver went down so dramatically. Maybe you're right ,there is a direct link between gold/silver price and bitcoin because they're all considered commodities and store of values. But it is probably more likely that people just wanted to get rid of their coins becaus ethey felt price was overvalued.

There is no such thing

There is no natural range of price for such speculative assets as Bitcoin (it could be said that its "natural" range converges at zero on a long enough timeframe). In this way, any price, be it 20 dollars or 2,000 dollars per coin, is "unnatural" in the sense that it could easily go down as well as go up from that. The good part of this is that we can't say that today's price is the limit. In other words, only sky is the limit (but never forget about the other part)

I'm already completely confused. Some people say that we need to expect a price drop, and some that on the contrary soon we will get a big price increase. Sometimes I panic))
But despite the confusion, I decided to store bitcoin a few more years

Two to three more number of similar corrections ? I do not think so, if this time bitcoin prices will be testing $3000 levels then we can expect prices to jump to new high like $3200 or $3500 ranges. So, another similar corrections up to $2200 may not be possible before segwit activation.

When segwit will be activated, we can expect prices to roar near $5000 levels in no time hence profit booking may happen there but there will be more number new investors who will be taking care prices not to correct much.

I think the price is bitcoin with volatile it is constantly changing up and down so many choose to retain or they will buy this because maybe bitcoin is a great time, and I would expect the bitcoin will increase rapidly in the near future are also increasingly stable prices

Well, you have a good decision here. Don't panic because those who do, will only lose. Some people are just taking advantage on how others, especially newbies, react with the so called price drops. That way, if the bitcoin price will reach the bottom, they would buy many more bitcoins and will earn from it if price rises again.
You can cash out some of your bitcoin but be sure to secure some for the future.

Everything happening with bitcoin is uncertain, so there is no need of any panic or lose of hope on sudden price crashes. This is common and at times this looks weird because of the price decrease happening in larger scale than minor price fluctuations.

Is it definitely a signal that will give a big bubble?? I think is not, we can only predict whether the price will fall or rise without a clear basis. Actually we know when the price will start falling, it's there any bad news even though it is also not certain to make the price fall because now bitcoin holders are pretty much that where they do not want to sell their bitcoin even though the price down.

Well, I guess we'd better not think of a bad thing about bitcoin, because I always think positively about that. Maybe someday the bitcoin price will fall, and we also have to prepare it, but I think I focus more on my bitcoin instead of thinking about when the bitcoin price will fall.

Again, nothing about the way that Bitcoin has acted has met the technical specs that can allow the use of the term bubble, the X/Y stats are different and the val/Y stats are way off from that term.  Also, you are responding to a thread that is titled "price fall" during an upward case cycle, so how can anyone expect the words from your mouth to make sense.

It not just an issue with bitcoin it is an issue by Government if you have read about economics. As the price rise people starting another alternatives therefore the price is now fall now more people will buy more bitcoin once again the price will go upward.So don't worry about it is just a circulation or you can consider the opportunity to buy.

Yes it is always wise decision to buy every alts that are in red during bloodbath, if you have bought at the time of your post than you are already in profit.

It may be profitable, but it is also risky. The volatility associated with bitcoins is huge, and the volatility associated with alts is much higher.
You just have to go to coinmarketcap.com to see how many altcoins are effectively dead.

But this is not that cent percent assured of getting a profit. The reason is that with bitcoin we can trust and buy even when its in bloodbath, but we cannot predict the alts in a similar manner because there are Alta that has gone down continuous and has never retained value. Here too you need to be lucky to get good profit.

Maybe I will agree to this since there are similar situation happened unto it before and there's still a high possibilities that bitcoin will soar since it is not defames yet by any coins around. The expectation of it is at + trustscore eventhough we encountered some negative ratings interms of price but we should consider that segwit is coming and might we can see good price stretch happened if time will come unto it.

If the effect of Segwit to us are a good price stretch then I would leave my bitcoin alone in my wallet, but the risk is still there and you can not take out the fear from all of the people selling bitcoin, and all Cryptocurrency is a liability to change rapidly and unpredictably, especially for the worse. you can never predicted something like that, but you can assure that if bitcoin goes down soon enough it will come back up so be strong and be patient.

Yes you are right the price of bitcoin is constantly changing to up and down and now its price is down it doesn't matter because you have get  a good opportunity to buy bitcoin with low price and save for future when its price will goes to increasing you sell .

Thank you for the advice, I have already begun to understand that the bitcoin price will always fluctuate. Just need to buy at a time when it is at the bottom, and if necessary, sell when it is high.
Just need to work out your strategy and trust the bitcoin more

We the bitcoin users can save the bitcoin from falling its price low, when all the bitcoin users will prefer to hold the bitcoin and not to sell it, I think it will really work.

The price of the bitcoin can fall due to the correction but if the issues are resolved that currently are making problems for the bitcoin to grow more, then I think the price of the bitcoin will boom. I don’t know what will happen in the future with the bitcoin but I only hope that all is going to happen for the wellbeing of the bitcoin.

Today every one were waiting that Australia will announce the Bitcoin as currency and going to withdraw all taxes and make it free but i think they did not responded and that is why market reacting it and going down.

I see so this is the reason why the price now is shaking down. Is it still too early for Australia to announce bitcoin as currency to them? Everyone seems to be disappointed on what's happening right now. And hoping that it will not go back $1,900 or beyond lower. The market is making every single handle to panic but I'll keep on holding.

Yeah I think august will be the judgement day for us holders of bitcoin. we might see it surge up or goes down. we must wait for the result of the segwit of bitcoin.

This month we will see a minimum price for bitcoin. The whales spent a lot of money in order to provoke a panic. Towards the end of the month they will begin to lower prices and this will enhance the effect of the panic. Then they will buy coins alarmists and the price will go up dramatically.

This is how the real traders deals with the trading unlike the others who starts panic selling they expend their portfolio collection and wait for the good time. I bought ripple when its price fall to 0.22 dollars some four weeks ago and now it is giving me profit but I am not going to sell it I think I can make more income from it if I hold it for the next couple of weeks.

Most Bitcoin users are there for profits

They are not there to save Bitcoin or change the world, for that matter. If people bought bitcoins with their hard-earned money, they are obviously looking to sell them for profit when price rises. You can't really expect them to "save the bitcoin from falling its price low" or anything to that tune. Should they, according to you, buy more bitcoins since how otherwise they could prop the prices up? Also, I'm curious if you yourself are going to follow your idea and actually put your money where your mouth is

So true. Dont know many users that are not here for profit. Most put some life time savings into this and hopping to see it double or triple the investment.



And there are some that dont understand how thing work off course.

I don't really know if anyone actually put their life time savings in Bitcoin

But that would be an outright insane decision, anyway. I've heard it many times about people pouring all they had into some Ponzi scheme (even into the Ponzi scheme which had been started by Charles Ponzi (https://en.wikipedia.org/wiki/Charles_Ponzi) himself) and losing all in the end. On the other hand, I read posts of some folks here which pretended to be early adopters (not actually the very first adopters like Hal Finney but those who could still successfully mine Bitcoin on graphics cards), and they claimed that they were going to keep their coins till the end, i.e. until Bitcoin becomes a mainstream currency (and they a new wealthy elite) or until it bites the dust. Though I don't think there are many such people left, and some of them will definitely cash out long before the end of the game, so to speak

What do you mean by minimum price of bitcoin? It will be seen at dip? We already saw it went back to $1,800 but it pumped again fast back to it's current price. I doubt it that we are going to see bitcoin's price lower again because these days the price is starting to make movement positively.

Yes this is true. There are some that made good profit with good investment and there are some that put some or all savings in bitcoin ans in that case made profit. For this it will always bee some ponzi or pyramid scheme that will be only to take you/mine/someone else money and runaway. This is something that we cant stop. But for some early adopter i will say with almost 100% they sell immediately after that coin is on market for profit nothing else.

But what about end of July.
Everyone know there will be segwit and all ...

Im afraid we are not in some trap now cause noone selling anything ofc on lows

At some point they need to learn the lesson that bitcoin is at its strongest when facing great pressure, right now is the moment to buy, you could wait a little bit to get a better price but the moment to buy is now, this is not the right moment to sell for the simple reason that segwit is going to be activated soon and with that the price will skyrocket.

As of yesterday and today bitcoin price has increased and there is no negative change happening. Negative fluctuations may have happened in the past but they are minor as compared to the success of bitcoins.

If you see the rice going down the best option is to hold your bitcoins until price again rises. You can see many graphs on the internet which represent the price of bitcoin at different point of times is past and those graphs clearly show that if prices drop and you hold your bitcoins you will not be in loss as they are not going to drop forever.

Any time is the right moment to buy bitcoin if you are planning to hold for the long term, so I will not really think too much about the price fluctuation since it is not really important.

Don't think about the prices of bitcoin, all crytocurrencies or altcoins were experienced of declining of price. Just believe to the potential and credibility of bitcoin. Moreover, I think this is the right time to buy more bitcoin because I'm pretty sure that after this decreasing of their value. Bitcoin price was rapidly increasing.

Probably by the end of July will be another reduction in the price of bitcoin. Whales have invested too much money in order to spread such panic. Now is the time to lower the price and collect coins, but your coins I will not sell. What will be will be but I will remain loyal to bitcoin.