Bitcoin Forum

The bitcoin price is back below $4000. According to a period of high records, declination on average prices across global exchanges at the start trading on August 22. It was already dipped more than $150 from the day’s open. At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15. 

But price is already recovering from the dump, I think this one is usual correction after a long bull run. Price might settle between $4000 and $4500 for next few weeks before pumping over $5000.

I think the price has recovered to $3900 just now. New investors, people who have sold already, are people who are buying from this dip, which for me is a healthy correction. I think it will settle around $4000 for now, I don't know about $4500 though, this barrier has been touched but people starting to cash out for profit. Though I think we can break it, but it will take some time to really touch it again and sustained it for long time.

So for people who are waiting to enter the scene, right now is the perfect timing. You don't have to wait till the price goes to $3000 because it will not happened now. Bitcoin has already reach new heights so I doubt that $3000 will be possible without people buying back immediately.

Hmm. Maybe I finally can put my 500EUR chilling at Kraken into use. Expected to use them 1. Aug, but BTC rocketed before I got a chance :)

That is probably something that will happen, btc not raise prices forever and the market must also increase at once. And I think that is also an opportunity for us to make a profit. I think the discount is normal and btc will increase again.

You said was definitely true into bitcoin on which we wont able to see rising prices forever and there would really be days on which the price would drop again and its not really surprising knowing that bitcoin is volatile on any way which means price moves in different directions anytime without our notice but i dont really worried too much on these kind of events and we should be thankful because we can still able to purchase cheaper coins.

It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly. 

As always, never don't hodl.  Pop bottles, and Hodl.

For me, the price of bitcoin doesn't matter. Of course when the price increases I perceive it as a nice bonus, but the main thing for me is that I can have a constant additional income in bitcoins. In any case it helps me to buy more things I needed for life.

it seems like what you say debates scaling away the elation somewhere from the north seems to pump officials around there going green turmoil never hodl what?

I think so. There is also another bitcoin forked by November, another FUD news will be out soon about this. It will affect bitcoin price again. Also OP is correct, it is below $4,000 and I hope it will not go down further. I think there is a support at $3800.

support will be there in anyhow and they will keep buying those dumped coins from weak holders if you are in the side of believers better to keep investing
and never to panic bitcoin will bring a new ath before this year end better to keep accumulating.

Yes I think this is just a healthy price correction, so for those who wants to buy bitcoin now would be the right time to buy them. And I don't think bitcoin will go far down much further than $3500 in my opinion too.

this is not much of an article my friend, you just reported a couple of numbers and just in a short period of time.
and when you look at things with a limited vision of course you miss a lot of stuff. what you see as a "decline" is just
a +44% rise in 30 days.
and a +90% rise in 60 days
and  ....
a 280% rise in first 8 months of 2018
...
and a 600% rise compared to last year the same time.

I checked the graphs at Bitcoinwisdom. The prices went down to around $3,600, before stabilizing at $3,900-4,000 levels. The decline was much less severe than the one predicted by Goldman Sachs.

LOL what April 15? That price during that time hasn't reached $3000 yet so please double check what you put into the forum.

If you are referring since Aug 15 then this is nothing new for the bitcoin market. This is what you called a minor price correction. And bitcoin has demonstrated from the past that it is very resilient to this kind of instability and has the ability to recover beyond its previous all-time high after going through minor corrections.

You will also need to understand that this dip has positive effects as well. New investors can get it even you can buy bitcoin now because there are market analyst have raised their short-term price targets for bitcoin from $5,000 to $7,000.

Goldman Sachs always get storys wrong about bitcoin. They always seem to find opportunities to make bitcoin look bad.
I think these variations in price are normal and the price will continue to grow reaching 5k until the end of the year if not more. The only thing that can slow down bitcoins are the altcoins that seem to have a raise in popularity among traders lately.

Many people want price Bitcoin down, I think a good chance to buy a lot of bitcoin.
And hold it until BITCOIN price goes up.

i dont know the reason why its price goes down, but this is actually what the investors want to happen in bitcoin, by the time it dumps, a lot of investors will buy bitcoin and by that, the price of bitcoin will soon to increase again.

I think investors should by now be familiar with the trend on how bitcoins value rises and falls, This is the same thing that happened when it finally broke the $3000 barrier, it hovered around  for some and then dip for almost a month or so and then it finally begun to rise. Newbie investors at this stage panic and start to sell.

As of now the price decreased but if you see the price it will recover again and for sure maybe tomorrow it will back again to the current price. So if you have a lot of money you can buy more bitcoin and for sure you can earn a lot of profit in the future. More bitcoin more money to come we dont know what exact happen to the bitcoin price it depends only on the demand in the market but i hope it will increase.

one of the hardest things about bitcoin price is the fact that you can not predict it completely. you can say it will rise to $4000 but not to exact ATH of $4400 and the same time you can tell there will be a correction and price falls below $4000 but you can never predict the exact bottom.

and that is what you do in a speculation, you predict the direction price will move and then place orders in that direction. for example you spread a couple of orders from $3900 to $3600 and hope at least 60% of them are filled.

It is again, increasing. Maybe these backdrops is because of the hardfork that will happen in November. And besides, dumps and declination on its price is somwehat normal for the reason that Bitcoin is Volatile. We don't need to panic at times like this. Because eventually , and as what is happening at this moment, it it increasing again, and it again reached the 4000$ mark.

Goldman and Sachs always like to speculate about the price of bitcoin and they usually get it wrong. No one can predict the price of bitcoin because its really really hard. But this is back by a bank so I don't know if they have their own agenda in predicting the fall of bitcoin price.


Correct, that $3000 wall was really hard to penetrate initially, but once the wall has been breached, bitcoin surge ahead -and goes to $4000. Same thing is happening now, The $4000 - $4500 is the new mental barrier, but once again when its time to break it, we will just go as if there is no barrier and the price could go higher. No need to panic here, this is how the crypto world works.

April 15?? You must mean august 15? Well, if you are referring to the date august 15, then this is not something that should be afraid of. I mean, it's not even shocking. Because thi happens a lot to bitcoin and it is nothing new. This is just a small price correction. And if you have checked, you would see that bitcoin has already shown its resiliency to this kind of problem m. And that i can absolutely recover and even become higher than it's last recorded peak price.
Also, this is not a bad thing. Instead, it is the opposite because this gives chance to investors to invest more on btc woth a lower price.

You can blame the greedy miners for this. They have shifted a large amount of hashing power away from BTC mining and the

Mempool has started to grow again. You will also see a increase in the spam attacks, because they want to make a point. The

market and the community has reacted on this, because they though the scaling problems were a thing of the past. We should

get rid of these miners or get some real competition for them soon. We cannot allow them to sabotage Bitcoin like this.  >:(

It seems to me that now is the time to buy bitcoin while it sank to 3900. In the near future it will again go up.

It is just a small fluctuation which is quite normal in Bitcoin. Why to make a fuss of it? We will keep on seeing these short term ups and downs till it touches $5000 which is quite possible in next month. There is an increased interest of investors in cryptocurrencies recently. Price is set to increase in future as well. These dips provide the best opportunity to buy more.

Yes there was a small correction in the price which took place, but if you after that prices have started to recover and it has started to reached towards 4k mark back again. So actually it was a very good buying opportunity when it fell till 3700$ and within couple of days one could have easily earned 300$ per btc.

There is a chance to go below $3500 or else again it will increase and go up to $4500. So now if you buy coins you will make minimum $500 profit in 1 month. Or else if the wait for some time you have good luck the price still go down and get a chance to buy lower price it is profitable.

$500 in one month, hmm... I think wait long time for take this profit do not better than choose other altcoin on market at now. You can see the bullish trend has comeback in past day, special Monero has pumped x2 in few hours lol.

Well it is climbing back up. Dipped till about $3,700 but went straight back up to $3990+ levels. So I guess it was just a temporary drop. I should have bought when prices were down by $3,700, but I chickened out and didn't. Oh well, I don't have the heart of a true trader, I guess. Though I have high hopes that prices will go up some more until the actual activation of segwit happens in a few months.

Well I think that it is an ordinary thing. it keeps happening. Dumping is a part. So we should not be worried about it. Remember the last month it was below 3000$ and people thought that I won’t increase any more but it got doubled. So just wait and watch it will be doubled again. And it already has remained in range of 4000-4500$ this month so I think it will directly touch 5000$. This the way it recovers.

Yes, sometimes things like that happened. Bitcoin price is dropping because every time when the price reaches the highest level it drops.
When the value of bitcoin gets higher a lot bitcoin holder will start to sell and make profit from that, and then buy bitcoins when the value dips more.
Some people practice that as a form of business, sell bitcoin when the price is high and buy bitcoin when the price is low and vice-versa.

Prices is always changes by time to time you can't make it stable since we are already successfull at fork expect that bitcoin price will be always increasing because some of country are now starting to mine and forgeting about the business and sometimes they do implement bitcoin from their company for them to earn more.

i think it will touch 5000$ in the end of year .. but let's see what happen in next few days first .

I think that this is the correction. It will be on 4k for few days before going up to 4.5k which will stay for another week before it gradually go up to 5k. I'm hoping that it will reach 5.5 by last week of september.

Yes, it did went below 4k USD but it is back again to 4K USD regimen. So I will consider it as a little correction and higher trading activity. A lot of traders have booked their profit from the higher price which was showing stability at 4100 USD level.

However, the re-surge in price shows that positivity is still round the corner and people are willing to pay that much prices to buy bitcoin. I believe, bitcoin will reach at least 4500 USD by the second week of September. The way people are buying and trading with bitcoin and also the higher market cap shows the upward trend at least for now. 

I think bitcoin price now goes to $4000 yes bitcoin may be dump or decrease sometimes but still it will grow its value again and again. We only need to believe on it and trust that bitcoin might be good again. We have been using it for a long time we need to gain our trust on it very much.

It is funny how people panic when the price goes below $4,000 meanwhile last month it was under $2,000. :D

The reality is we are in one of those major bubbles and it is going to burst eventually. Whether it goes above $5,000 or $6,000 or even higher before that, a huge crash is inevitable at this point, and only a matter of time.

This is not the first time it's happened and will not be the last, it happens all the time, Bitcoin price goes down then recover again then th eprice surge it happen when it was at the $2000 and $3000 level so nothing new really.

I agree. It is normal for the price of bitcoin to go down. Let's call it discounted days for all of us. It can also be taken as an opportunity to buy bitcoin since we are really sure that it will pump back again higher than you expected. Compared to the previous dip of bitcoin's value, this one is low and bitcoin is reviving again.

I think the opportunity has been taken by others because the price now is above $4000. Definitely investors have bought bitcoin back again because its already green. So for others that panic and sell their bitcoins, I think you made a wrong moved. What happened is normal for most of us. While for others we thought that the price dipping will continue, sold off, that's why weak hands has been shaken again. And good for others who just entered the market, hold on your bitcoin because the price could grow in the next coming months.

As expect on 23th August which is today there will be a pump.

This essentially serves as the rebound in price for the previous correction. And yeah, it was definitely a scary sight when it happened, btc suddenly dropping from $4500 to $3800-$3900 and all that. I actually braced myself for the worst but thankfully SW activation has brought it back up again.

Honestly i think that this is still an ongoing correction, we might see some more dumps in the coming days. Now that it's $4100 again, this is especially relevant. I think that this time, it's going to dump to around $3600 before rebounding again back to $3900-4000.

I think this all are usual and nothing to worry.
When we experience some dips just expect that sooner it will recover.
So don't panic and just hold your coins or you'll miss the train again.