Bitcoin Forum

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

It is probably because Bitcoin Gold fork already happened yesterday (so only snapshot of those BTC balances matters) and those who bought BTC only for getting free Bitcoin Gold are now selling their bitcoins.

This is why you should have sell your Bitcoins one or two days before the fork to buy altcoins at the lowest price. Fortunately, there is an other hard-fork coming

If you ask me, it looks like people are booking profits. Anyway, such volatility is normal, and can be welcomed since it is a healthy one. Bitcoin went down less than 10%, and unless it goes down lower, and I mean substantially lower like below 4000$, there is nothing to worry about. This is what consolidation phase means. We will likely hang around that figure for some time accumulating strength and moment before we surge past recent highs. Which were all time highs, by the way. So you should have expected sort of small correction coming sooner or later. There will always be such, and you should get used to them if you are a novice trader.

The fork will be on November that's what I red from a website. So I guess a Blew my opportunity to sell my 15m SATs.

No one would ever buy Bitcoin just to get Bitcoin Gold...

This is most likely normal market correction. We've had a huge price surge, reaching a new ATH and now people are cashing out their profits.
It could also be fear of the upcoming fork, I can't remember if this was the case with Bitcoin Cash as well, but Bitcoin Gold is MUCH less known.
It's also worth mentioning that Bitcoin's market cap is $92B now, well below the $103B it was during ATH prices.

I agree it you I am still a novice trading so I immediately panic if there is a huge movement on btc.

SegW2x den then expect a move to the bitconde. in my opinion. as if to come back around $ 4,400 and then start your $ 7000 journey.

It usually happens with bitcoin when a hard fork is to take place, the price goes down to mederate amount but don't worry.
Just keep it holding, the price will increase again as the next hard fork is coming and likely to take place on 18 november.
Those who sell their bitcoin now, will loose opportunity again.

Based from my experience based from the pass forks I have seen yes it is. Players will try to profit from the high price of Bitcoin using the upcoming fork as a catalyst or support which will be followed by other people selling as well. At this point people will try to buy Bitcoin at the low price in which they will have more Bitcoin stored now for the participation of the upcoming fork. Just like what happened where they got a lot of Bitcoin Cash because of the previous fork.

Most people just wanted to enjoy free air drop and get access to free bitcoin gold coins just as it occurred previously in Bitcoin cash.So,they just sold their altcoins and bought bitcoins for getting free coins.

Now,it seems that hard fork has already occurred yesterday and even the coins have got listed in Yobit exchange.Now,its time for those people to just drop their bitcoins and once again buy altcoins.

The same scenario could be expected once again in november when another hard fork is expected due to segwit 2x activation.

Its because of the hard fork that will take place today October 25 based on their announcement as some of the investors sell their money or moving to other digital coins. that's a normal scenario whenever there is a fork. Eventually it will start rising next month so just hold your bitcoin firm and steady as you will get free BTG

The snapshot was yesterday, at block 491,407. The Bitcoin Gold network, however, is not functioning yet, and is planned to be up in November.

Yesterday passed the plug and lowered the price of bitcoin, many understandably sold a little and switched to alt, but soon everything will be restored. So there is no panic for the next fork.

No, it is not. the price of bitcoin is decreasing because of the finishing fork recently. People were holding bitcoin in order to receive free bitcoin gold and after the fork, there is no point holding bitcoin anymore. They convert their money into usdt or other cryptocurrencies which have more chance to increase the price than bitcoin. However, the upcoming hard fork will definitely impact the price of bitcoin which will make bitcoin even higher than $6000. I expect that the highest peak will be $6500

Its not complete dump at the moment some people are selling once b2x november 18 fork finish then there will be the huge dump in bitcoin price . Some of the strategic people selling bitcoin for the good price and waiting for some more dump it may even reach less than 5K in a week then they will collect and wait for the B2x fork to get another free coin . so this dump is very much temporary for a week or two week.

ups and down of bitcoin price is normal,same as all the coins in crypto,500usd is just a small amount for you to be affected,and besides with china anticipation bitcoin price drops down unto un predictable value and still grows upto the highest price after.so better be not troubled instead continue on what your doing and hold your btc when it drops more than what u wanted

The bitcoin gold fork already passed.  The price will always go down immediately after a fork and should re-stabilize about one month after. It may even drop a little lower to $5200 before it starts gaining again.

this is very normal. when the price increase to a new high point then it will down before it start a increase trend

I have an impression that the Bitcoin Gold hype is pretty large, much more than its real merits would make. But I agree that it is an absolutely normal correction, same as those that happened many times before, and it was inevitable after such surge. The fork may be just a formal cause for fixing profits.

Yes, you got the right idea, whenever there's upcoming Bitcoin fork, the demand for Bitcoin was increasing rapidly, which result to soar price high. One of the most common reason was the opportunity to earn other coin for free.

After the fork, the value of Bitcoin will gradually decrease for few days and will gain price exponentially for a weeks or two.

 

Bitcoin surged from circa $800 at this time last year to $6000 this year. It has fallen slightly but is still the largest capital increase of any investment in the last year. It may continue below $6000 for a while but it will recover and break $6000 again.

I think it is the other way around...meaning that since the hard fork went smoothly we are now reverting back to the $5,500 level due to decreasing demand for Bitcoin. It should be noted that there was some marked uptick in the Bitcoin demand leading to the October 25 hard fork because we all want to have some free BTG as the result of the hard fork and now that there is no more such an incentive the demand somehow lessened.

However, we should not be worrying as this can just be a temporary retreat. Soon Bitcoin can be surging back just like a roller coaster. There is nothing really strange in here but just a normal cycle for Bitcoin. This dip can mean a good opportunity to buy more Bitcoin before it would be climbing back the hill to the moon!

Many investors have received bitcoin gold and they start selling bitcoin in large quantities, so market go down dramatically and bitcoin can drop to $ 5000.

Up and down price is normal, it can be happen to all investment not only bitcoin.
Bitcoin can reach until $ 6,000 for this year is amazing for me.

Welcome to cryptocurrency :), that is bound to happen and mostly with so much of dumping after the Last night's Forking.

Hope you have also seen the massive fall of bitcoin Gold after the fork almost by -400%.

This is normal in bitcoin and you must understand that this cycle is part of the market, the fluctuations in bitcoin makes bitcoin the biggest hit in today's history this is why people love investing in bitcoin the sudden drop give them opportunity for investment then the pump give them a promising return like no other. Just enjoy and take opportunity if you can you will soon understand this cycle.

Bitcoin gold fork is done, it's listed on yobit, binance, bitfinex and hitBTC. Am not sure about other exchanges. Now that people got their free moneythey will now go back to their altcoins and maybe comeback just a few days before the next fork in November. Bitcoin will be around this price only for now.

It can drop even lower. I'm sure it will be 5000$ soon (or even 4500$). That seems like normal correction. I predict the next big pump not sooner that at the beginning of the next year. Just stay calm and hold your bitcoins if you atr not in desperate need of money.

That is not because of the upcoming fork that is because of the fork that have just happened yesterday and it was predicted earlier that price would decrease after the fork. And as the next fork segwit2x is only a month away, then there is a possibility of pump again before the upcoming fork.

Bitcoin is falling a little bocause, the moneys go back to alt coins. a lot of people withdro their money from altcoins to get bitcoin gold. now when the fork is over they are bringing back money to altcoiins so the price of Alts is going up btc a little down. I think it will fall to 4,800 and stayed betwen 4800 and 5200 till 5.Now and will go back up around 8.Nov till 18.Nov.  

It happened exactly after I bought some btc, I really feel like stupid.  I know it will recover but anyway I blame myself for wrong timing.

They will sure convert their money back to bitcoin now when the Hard Fork Subside, I think it will be safe to bring back bitcoin tomorrow, and I think you can not get free bitcoin gold if you convert your bitcoin to other altcoins or sell your bitcoin you must have an amount on your bitcoin wallet so you can get the exact amount of bitcoin gold as per how  much bitcoin you have.

Yes, I think it could be because of the fork.
But it will soon go up again, like it did every time whenever it took a drop this big.

If it is about the fork then it should be going up.
Last minute changing their altcoins to bitcoin for the airdrop to come.
I dont think that is the reason there may be something behind it.
The fall will just come after the fork and I am sure that will happen dividing investors to where they would want to be and bringing their altcoin back.

This is just the market's reaction to the 6000USD resistance level. Eventually nothing can keep on growing constantly, it rises and contracts, rises and contracts. that's one of the laws of the nature. so guys, don't worry.

I think this will be a good opportunity for investors when bitcoin is sharply reduced. It could rise to $ 6000 in the next few days.

what goes up must come down
yes, the split already happened and people are cashing out any profits from before
and also mind you that we hit the long term resistance line too, so a correction is in order
many technical analysis pointed out that there's a support at around the 5300-5400 level, so don't worry about it

Since the price breached 4 digits, it's somehow normal and not alarming if the price went down for up to $500 margin. Just take note of it's increase rather than the margin of dip. Also if you are newbie to this kind of price movement, always expect that a continous uptrend will be spoiled anytime. There is a thing called resistance, support and correction price and you might want to take note of that.

Upcoming fork related thing can be one of the reason but that isn't a major one. This is how market moves so better always be ready.

 :) Hello

Well forks are always weird for people , they think that their bitcoin wallet may be at risk because there are some wallets out in the market that are going to convert all your bitcoins into some alternate cryptocurrencies but then again people are afraid that they will loose their wallet balance so out of panic instead of checking if the wallet they are holding Their bitcoins into are the ones doing scam or not, people out of panic sell their bitcoins and keep that money in their bank account.
Well this is the only legit reason I could really think of or maybe they are expecting the prices to drop considerably after the fork thus for a quick profit they sold their bitcoins, earned some cash and will buy when the price is very low.

I don't think that it should be counted as a price decrease.
Bitcoin price has been rising up to about 6000$ lately, and now with the fork it goes back to the levels of 5500$, but everyone who owned bitcoin when it was 6000$, now owns also bitcoin gold which is worth about the difference, which means that maybe your bitcoin now worth less, but you also have an altcoin worth about 300-400 $.

I think such price correction was actually expected. I would say it’s usual in situation like the fork is. And this one was particularly confusing for many users about the date and the value of Bitcoin gold, exchanger behaviour and so on.  Still I don’t expect further fall of the price it might remain around 5500$ at least until November 1st when the practical effect of this fork will be in place. But the good thing is that we haven’t seen so much panic selling this time maybe this is a good sign.

Because the hard fork is occur today so the price is dump  many  are waiting for the new blokchain announce today or called Bitcoin Cash . We assure many are support the new alt even the price is dump . The price decrease by 500 because of segwit2x or hardfork and wait to increase after the fork

Yes, I it is because of the fork. It is a normal movement of the price everytime there is a fork happen. It will soon be over after the next incoming fork.

The fork is yet to happen brother. It’s scheduled on November 1st and whatever is happened yesterday is just published block of bitcoin gold and that’s why we are able to trade or exchange it at the moment. Now as people are happy to receive the free bitcoin gold they are now putting back or at least thinking to get back into altcoin market again. So I believe that’s the reason which is causing the bitcoin to dive like that. It is speculated that after real fork date it will dive more down. Good opportunity for bitcoin investor and bad one for other party.

I think it will drop to below $5000. That said - it will come back up again within 4 to 6 weeks to record highs once more.

this price Down is due to bitcoin Gold fork which occurred on October 23, thanks to many sites and wallets, because they do not support BTG much that is why many peoples are not investing in BTG and price of bitcoin is not fall too much. But many wallets and sites are in favor of Sigwet2x, coinbase offer bitcoin2x free for its users. I think every coinbase users receive Email about Segwit2x and this will cause massive decline in graph of BTC.

Yes buddy you said it. Its because of the fork. Majority of the bitcoin community knows that nothing is going to happen during the fork. But there are still some people who don't have proper information regarding this. These people because of panic, just sell their coins. That's why the btc price dropped suddenly. But I am sure within one week, it will again cross 6000 dollars.

There is possiblity for price drop in bitcoin because of the hard fork.The bitcoin gold is separation from bitcoin so it cause a little price drop but the bitcoin will recover from it soon.I hope the price will go upto $ 7000 by end of this year.

I don't think it will go soon record high price unless some very good news comes out about bitcoins.

Even if it drops, i dont think it will stay for that long. Because that is a bit normal for the stock market. It is not always that the price should increase, a little bit of decrease then more increase. Because in just an hour, the price can go up or below 100$. And it is hardfork so meaning their is new update on the software and miners must update theirfore their is a high chance that the price will increase.

There was a clone of bitcoin created, the so-called bitcoin gold, that is being processed. This could be one factor why bitcoin dropped from $6000 to $5500 but we already know the nature of bitcoin, its volatile and unstable, so it will probably increase after some time. I don't think that it will drop to $2000, its probably just pure speculation.

If you are a novice cryptotrader, which seems to be the case, and you don't have trading experience at all like many of us hadn't had when we first got involved in bitcoin, you should certainly keep track of how much of your capital you invested in crypto. Just think how you would feel if the price tanks a few times like it happened before. Right now the price went down measly 500$, but it could go down a way lower. There's a simple truth which all novice traders should follow, it says don't invest what you can't leave to rest. And the rest will come with the time, effort and some blood.

Every time a fork is happening, a dump is always expected. Last time fork happened, the price dumps back to one thousandths and no one is affected by that, in fact the investors and users bought another batch of bitcoins taking advantage of the dump because no one knows when will be another dump will happen. After that the pump happens and the pump is really great, $2000 is worth it.

Activities are obviously back to normal and expecting corrections like this is a normal thing. The support is still very good at this price, so I do not see it getting lower than $5200 except something bigger than the support line happens. However, there has been a huge increase in recent weeks and just this little correction is already making some people like OP sweat? ;D everyday is not christmas bruv!

that right.this is because of the fork however it happened. Bitcoin prices going down by people exchange bitcoin to altcoin. before they were converted bitcoin to altcoin to get free BTG

It could be that reason or it could be people are now receiving the free bitcoin gold which they will trade soon. I’m still in ambiguity because if they are selling the bitcoin gold then it should actually pump the coin in first place (bitcoin) and lead to higher prices. So I believe it could be mixed case where people are getting the free bitcoin by selling gold and then again putting it back into altcoins which they did already have as portfolio. So that’s why it’s uncertain to predict what’s really happening in the trade world.

In my opinion, Bitcoin's price going down from $6000 to $5500 is pretty normal and many investors are taking profit in this price range, If you have bought some bitcoin in the past month, you have already gained profit at around 45-55% which is good enough. A healthy pushback and correction is expected after the hard fork of BTG happened, it could happen again some time in November, so we must accumulate all the bitcoin we can now and hope for the best.

Once you get the free bitcoin gold you have to wait for atleast 2 days to see the bitcoin gold's price value dude. If the supply goes good in the bitcoin gold you have that coins in your wallet and wait to trade later. If the coins falls like the bitcoin cash value previously happened. We will be able to make the more more money. Don't sell it and invest for altcoin since thats value is more fluctuated than altcoins.

So, yes, bitcoin fork bitcoin gold are finished. Now Bitcoin supposed to be lower than now. -500$ it's just beginning in my opinion soon it can be decreased to 5000$

The fork already happened, people got their bitcoin gold and then dumped their bitcoin.

I agree, but this is already fantastic price , considering how much negativity is around, don't you think so?
When Yobit whales finished with this coin in the next couple of days, it won't worth nothing.
Those who sell Bitcoin now will probably have more chances to buy them back below 5k. This is how things are at the moment. Till November we have plenty of time for surge.

So the fork has happened and as expected the bitcoin price dropdown a little but for sure after a few weeks the price will go up again and maybe much higher than the original price before the dropdown. So there's nothing to worry about.

BTG is pump price a lot so that it is normally to dump hope not back to 4,000$ range

Yes, likely.

Bitcoin Price Struggles to Recover Beyond $5,500; Bitcoin Gold Lacks Community Support
https://www.cryptocoinsnews.com/bitcoin-price-struggles-recover-beyond-5500-bitcoin-gold-lacks-community-support/

Nevertheless, this is just a short term setback, much like China.

I made a bet that Bitcoin is going to go up:

https://stockbet.com/#/BullBear/round/17971

Get on the right side.

I also have seen that. The price of bitcoin has fallen down. But I think that's not a matter to worry about. As bitcoin is a cryptocoin, it's price may often rise or fall down. It's a normal thing. I think the price will rise soon. A few people are talking that the price has been fallen down because of the upcoming fork. But it's not true. The ups and downs of price is a normal issue.

That's Bitcoin's volatility for you. This type of price drop is very common so get used to it. This occurs from time to time even though there is no significant reason at all. In this case, it is clear that it is just a correction. We just witnessed a new all time high days ago at around 6,100 USD so it is just normal to see Bitcoin go down a bit. This may be caused by some people selling their coins to get some profit.

You're definitely right. The decrease on its market value might be caused by the incoming hardfork in November. As the month is getting closer Bitcoin's value is having difficulties with the increase on its value. It is now tied between 6000 and 5500. There's also a probability that it will fall under 5500 but there's no need to qorry because eventually, or after the segwit2x it will again increase and be more expensive.

It won't happen. Now seems the price to be stable at around 5500 dollar. And as there will be another fork in November the demand for Bitcoin will remain high and the price rise will continue.

Every level 3000-4000 , 4000-5000 etc
There are people worrying about a price drop, it's completely normal in bitcoin.

I'm waiting for the next thread when bitcoin goes from 7000 back to 6000  ;D

It is possible to happen due fluctuation of bitcoin in the market, but eventually there's no need to worries regarding going deep of crypto. Because not only bitcoin were experience of this fall down of value, even altcoins and other coins were declining their price. Maybe hard fork was the highly reasons why crypto currencies decreasing their value. Even though I was thinking that this is a good opportunity because since Christmas is coming it is the perfect timing to invest because I know that bitcoin value were raising up after segwit.

The price of bitcoin back again at 5800 dollars and im happy for that even the fork will not affect the bitcoin price. I hope it will continue to increase more . Buy more bitcoin with your extra money to earn more money . I hope the price will hit again 6k dollars this day and next month will become 7k dollars and if that happen for sure the bitcoin world become happy because we can earn a lot of profit.

Is an oppurtunity to buy! Haha, seeing bitcoin go down alerts me senses to buy. And it is because of people seeing the price surge withdrawing their profits. Dont worry they will come back.

Nothing to worry about. It's just a normal dip since most hodlers are cashing out there profit. Also, it is a great opportunity to buy some Bitcoin while the price is still at $5500.

I guess the price will now be back from where it is in a couple of days it is now $5700.

This remains largely unknown. The coming hard fork you refer to seems to be the most nervous moment in the last few years. Bitcoin Cash released earlier in August was nothing but a minor aberration in this regard. And when the market becomes nervous and undecided, the price usually goes down. As much as I myself want bitcoin to rise higher, to 7000$ and beyond, the deep plunge before the hard fork or soon thereafter remains a possibility which no one should discard as completely irrelevant. To put it simply, the November hard fork is not the same as the one which happened in August and led to Bitcoin Cash turning up.

As long as you hold both coins and work to separate them by tainting a transaction and moving your coins between addresses you control, it’s exactly the same as the fork in August, only you the user need to take some action (tainting to protect yourself). Mining power will ultimately follow the money. Users will use whichever coin offers them the most utility and traders will follow the vol.

no , 5,500 are a good buy if you can do it then just do it by now before you left behind.

the future prospects of bitcoin are still far away from reached, we can do a lot of things with bitcoin , and people will come to invest and use bitcoin sooner or later , the last few months breakthrough are enough to show bitcoin existence off the world , next achievement should be at $10,000 , don't regret it later , just do buy it now.

It looks like the user learned from last July experience, when the user panicked and sold a lot of bitcoin so as to make the price drop, but now the user better understand that there is no big impact despite there segwit, I'm sure the price will not drop below $ 5000.

It's true my brother, unlike in August 1 hard fork, people now are more calmer and more relax while waiting the hard fork to be done. The panic selling are lessen, well maybe they give bitcoin their full trust to this. The $5500 we experience is just a correction and nothing to worry.

Yeah, its really good to see that the market has matured enough not to panicked and sold their bitcoin without understanding what's the reason behind the dumping. Now after the price went to $5200-$5300, the price spike and went to $57000 after the Bitcoin Cash fork. Marketcap also went up to $168M. That's why the price didn't dip to below $5000 as others have suggested. There's really a lot of people who have trusted bitcoin ecosystem that they will now allow it to go back below $5000 again. And you will also noticed that there's no more excited about Bitcoin Gold, everyone is just there for him to get the free money and then dumped it to buy more bitcoins or go shift back to altcoins.

this is Because increase number of Supply because many sell them BTC to get free BTG

It's good to see that most of the users in bitcointalk was not panicking regarding hard fork happen last day. They were confidence bitcoin segwit are not threat to fall down to value of crypto currency in the market. Definitely they were hold their balance in the wallet because they were expecting of rapidly raising up of bitcoin value after hard fork.

You have not blown the opportunity yet mate. You can still buy back anytime most especially at the present correction.

Three forks were scheduled this year, 2 already gone leaving us with the November fork, so it really does not mean what you have sold or not. What you read from website was through, you probably did not just get the complete information.

in my opinion bitcoin just reach stable price in $6000 it not stable. and other effect is so a lot user bitcoin sell their bitcoin in high price it make bitcoin down

I really hope it will ever be up. It is a hoax and I really do not see how some devs who do not even understand their left from their right will make this work since what they were after themselves in the first place is free cash ready to dump pretty fast on users. let us just keep watching how the 2x fork will play out anyway.

This can also be free cash and still an oportunity. Thats what matter its up to the community what to support. Anyway bch price almost the same with eth haha

Whenever a pump takes over, there will always be a correction. It has always been this way and there is absolutely no way that bitcoin's price can keep growing just without stop, it's just not going to happen.

Also, bitcoin gold was priced into bitcoin already in my opinion.

When the snapshot was taken, the price was taken out of bitcoin essentially. But it has now recovered to around $5800 again.

Agreed, the parabolic state cannot sustained itself. There will be a time that we needed a price correction along the way to put bitcoin on the next level. What we should think is that if there's a massive run, then lets go along with it and when there's a price correction, don't sell just hodl and wait for another bull run. That should be our mindset and not to panick when we just see a few dips here and there, its a normal process and I'm sure the OP can get a long with it, if he's gonna stay and stick on the market scene.

Also Bitcoin itself seems to struggle with that $6000, in last weeks, it hit it, but then immiediately dropped around $5400. Forks, and investors playing with general pump and dump may be reasons for this, but I also think that bitcoin is just not ready to go higher for now. I mean, of course it can go higher but it will be therefore a fake pumping, as it isn't used widely enough to have higher price healthy. We are getting bitcoin to become poorly speculative asset, while it was meant to be a curreny. We don't see many shops, marketplaces or restaurants to introduce bitcoin as a payment method. Governments also haven't regulated it yet, and some of them are even debating on ICOs and other altcoins being illegal.

When you refer to the price of bitcoin from poloniex it could be because of many sell orders from traders or a time difference that was awaiting a correction to catch up with the market price.
Usually when there is an airdrop as a result of a fork, we should expect a surge in price and not a dip...so this could not be the reason.

Of course BTC has boom and busts periods. It's part of the financial industry and BTC maybe worth nothing someday or worth tens of thousands. Don't care about price in the short term, only know BTC is the wealth storage of the future.

As of today the pricing is at $5942 which is a good sign for the upcoming months and it might really be higher by the year ends. The dip is due to whales are getting their profit. No worries it is all good.

It is not a part financial industry. Bitcoin has the price fluctuation tendency so we will not be expect the bitcoin price always moving forward. There are certain time in the bitcoin fluctuations actually. If you cross over those times you no need to worry about the bitcoin price. You can easily able to manage in the bitcoin price dump as well. Try to be long term holder to stop loosing your funds.

That's right, there's no reason for panic. The price of bitcoin remains very volatile, so we see both growth and decline. But we must learn to profit from these fluctuations

Bitcoin already spend good days with its highest price its time to get back to normal price, what can be the next stop 3000$? 3500$ or maybe after getting to 3k$ it will come back to 1000$ who knows. People already got enough profit from it now people are selling there bitcoins that is why the market is getting down and down we can just hope for the best.

I think there is nothing to worry about the fall of the price. Like other things, its price also might have fall for a particular amount of time, but maybe there will be a big jump of price in the coming days .So, hold your breathe, big jump on ahead.

We're already past that -- it's not 2009-2010 anymore where such words were well justified. Bitcoin has already proven that it actually serves a purpose, and a very good one. It's not for nothing that the market has gone up significantly throughout the years, and that while not many people initially believed Bitcoin would ever be able to come even close to the $1000 level. Other than that, I definitely agree with the fact that the focus should be on the long term, but if you so strongly believe that Bitcoin is the store of wealth tool of the future, why do you then state that Bitcoin might be worth nothing at some point? You are basically contradicting yourself here....

When people tend to sell their bitcoin holdings it won't lead for price fall, it helps in the growth upwards. The reason is that, because of the increasing market circulation, which sill be stable if kept as an holding for a longer time period expecting good profit.

But you don't get my point, when there is mass selling of Bitcoin people just try to sell Bitcoin and to be very honest when they are selling large amount of bitcoins they don't care for few dollars they sell Bitcoins below the market price that lead the price of Bitcoin to fall.

For sure if you bought bitcoin on last few days and hold until today you can earn some profit because as of now fhe price of bitcoin is 6200 dollars and still increasing compared to the price last few days only 5500 dollars. I hope the price will increase more and I hope we see 7k dollars before end of november. Buy more bitcojn with your extra money only because even the price increasing we dont know when price decrease.