Bitcoin Forum

why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)

Did you sell your bitcoin and get upset because you thought bitcoin will start to pull down but instead it rise again or you just wondering the roller coaster happening to bitcoin value? Well this movement at the moment is very normal for a certain trading in which we cant predict the every mind of all people that some are selling their bitcoin because maybe they need it for emergency use and some people are buying bitcoins because maybe they have found a huge capital to use for investment. You can consider the abnormalities of the trade if sudden huge drop will occur for at least a week but don't panic because you might regret it.  :)

I sell half of my BTC when price 6,000$ and was thinking price will Down to 5,000$ after new fork BTG start (till yesterday this was right)

When they heard about bitcoin gold , everybody bought bitcoin just to have btg for free as in absolutely free.
Anyone  wants free and easy money isnt it?  They will earn two times cause they bought bitcoin at low price and then they sell it  at higher  price ,with free bitcoin gold.

I read something earlier that several Chinese exchanges are/will be trading bitcoin again. Their government is rumoured to be relaxing its ruling on the ban so this is probably the reason for the price increase we are currently witnessing.

Is it true ? Source please, if this is true the price of bitcoin will going up for sure. The price of bitcoin is increase up to $5,832 right now and I think it will keep increase. I actually surprised the price still going high, I thought the price will going down after the fork finished.

not only you many people will think that way,but you should understand the fact in crypto market.
it's totally manipulated by people and do you think they will move it exactly same like before ?
absolutely not and it will always move to the opposite side,
they made it exactly same like before but after people triggered by their action and dumping their belonging they made a turn around,
it's a well prepared move by them and nobody know and understand how it works.
if you're a crypto enthusiast,just holding it and treasure it well because it's not its real value yet.
we will see another bullrun caused by them and other users.

the resiliency of bitcoin continues to gain strength. we knew there would be a dip following this gold fork and a sell off from the past ATH, however, bitcoin is leaping right back up.

Bitcoin making an epic comeback like this so soon is unexpected. Somehow it dumped -500$ after the fork has been released and right now within the span of only a day bitcoin recovered somehow and is now sitting at 5800$. Right now bitcoin is still down -200$, albeit the price's early recovery is an outstanding proof of bitcoin's resilience. Probably it will stabilize on the current levels in the next coming week and will just build up momentum there for another pump.

The number of people who were satisfied with their amount of profit was low. Most of holders are waiting for next fork and also more profits in long-term. Demand is still high as people believe that higher prices are reachable.

i think we will breach 6k again in a matter of minutes we have surged past the 5900 mark like a knife through butter, this could be a great bitcoin day!

In my opinion, the price of bitcoin's fluctuation and volatility in the market in the past 48 hours has just tested its support level to $5,500 and I personally think that it could go as much as $6,500 within the next few weeks because of another hard fork in November. Most investors are now calmer than before and have learned from August fork. We may see more rise and fall of bitcoin's price in the next few months but this is all normal and part of the cycle.

It is normal considering the fact that when you are engage in buying and selling or trading bitcoins prices may not go always the way you plan according to your accord well basically it varies upon the law and supply and demand the price depends upon the consumer the way they fell they buying and selling their bitcoins that is how the prices in bitcoins increase/decrease so don't just fret regarding what happens because it depends upon the importance of the item on the market.

Because BTG's impact on the BTC price was heavily exaggerated and outside of Bitcointalk very few people even cared about the BTG fork. Arguably not even on Bitcointalk many people did.



Sorry to say, but price assumptions are not right until they actually occur. Take this as a lesson that markets, especially BTC, are not as easily to predict as one may assume :)

Yet again, who knows? BTC may fail to break USD 6000,- and drop down to USD 5000,- after all. I wouldn't dare bet on it though.

As expected, BTG fork was not at all of any significance, just as mere opportunity to get a free altcoin. I wasn't expecting any drop more than of $500, that's what seems to be happening. Although the segwit2x fork might be of more concern, it has a lot of backing and support from miners as well as users so it might tank BTC's price significantly.  

Stay calm. It's just making a final attempt to try to get past $6000. If it fails, it will be back down to about $5000.

No you can't have the assurance of not getting panic brother, because emotions will tend to lose if ever this current situations of uncertainties will dominate each and everyone's mind. People has challenged the price lately as investors will not stop pulling up on the price specially bigger whales, they had their own studies on how to make that investments grow so far. We couldn't blame on people to sell their bitcoin for money specially in rush needs, that's why we are able to experience faster dumps of the price. Well it's an opportunity for those buyers whose frustrated to buy during low btc value.  

this is what I taught also too bad that I just  sell majority of my  bitcoins when it was going down a little , I predict it that it will become below $5000 after the hard fork but now it continue to rise above that value , bad move for me well atleast I am ok with the bitcoin price rising since I still have few bitcoins left

too bad if you sold already your bitcoins this is what I just expected but I did not expect that it will recover this fast . I predict that it wil continue to rise as holiday season approach those who buy bitcoins when the price go down a little has a sure profit this coming december

Well, that's why so many people always advice not to do panic selling otherwise you'll more likely to have this happened to you, this kind of bear trap often happen to bitcoin and it's a lot.
There always some small dump occur after huge price pump and then it's going back to the ATH again for a moment, waiting for its right time to increase again.
Atleast, you're still gaining profit from the increase of bitcoin price.

I think the price will continue to rise upto month of december because that month will bonus on the salary for many people so i think this year they will invest on bitcoin.Because bitcoin gives you more profits than another investment.

It is surprising to me to see bitcoin recover so rapidly, I suspected it would happen ahead of the fork again next month but I did not expect it to be quite so rapid.

the price now is going rally and now approaching again to $6000 barrier this is good. I smell something good about this since the fork already happened and now panic sellers regretting why they sell their coins. Im glad that Im holding mine for a long term .

https://i.imgur.com/LBqpMaY.png

The question is if it is healthy for bitcoin or not? I think it is not healthy for bitcoin since a rapid recovery in price tends  to be followed by corrections afterwards. Still, I think the current price rise is good and probably after this rapid movement it will stabilize at some point to build up momentum again. I also expect that price would rise more  by December because many users will have extra money to put into btc.

Yes, agree with you. Now price is $ 5895 and I think we can wait for the correction to $ 5750.

Well we can really see it really goes down after the Fork but a few days it increase so fast and now we had hit again $5901.03 as of today, I really think this is not the real price for now because there are many users that got their BTG and now are dumping to bitcoin maybe that is the reason why the value is so high for now but we will see a price correction.

$5969 on Stamp as I type this, looks like $6000 will be breached today & then who knows where it will stop.

Bitcoin continue to fluctuates and maybe more deeper fluctuations will be experience a week before the expected hard fork but we should not worry because even bitcoin falls and reach $5000 again I'm sure it will not stay in that and will surely pump again and may probably reach $7000 by next year lets just enjoy the pump

Are you mean huobi they try open new site to avoid government ban by made new site  huobi.pro

I am predicting bitcoin price will hit around $6500-$7000 by the end of November.
If the current trend of bitcoin price lasts.

Who knows by the end of the year it may hit $8000.  :o

This is just my prediction, it maybe totally wrong.

Yep, and that while people were so sure about the price going to tank after the BTG chain split. It perfectly shows that the increase we have experienced lately was definitely not because of BTG. It of course could have been the case, but this would then indeed cause the market to go down. On another note, BTG has never been an obstacle of any kind, so there remains just one thing to focus on at this point, and that's the far more serious hard fork next month. If we have gone past that obstacle, because that's basically what it is, then nothing will stand in our way to reach $10,000 within 2 months. If everything plays out well and the hard fork doesn't cause any harm, then it's even possible to reach such levels this year. Aside from emergency situations, only an idiot sells now.

Yes it is, but you can try to see about the latest announcement that already released into the public by huobi itself, it seems the exchange will be actively trading the bitcoin again in the future. Some people are saying about the old news regarding the china ban was fake. But i don't know about the truth behind it.
What's your opinion?

This is yet another example why you always should catch the dips when it comes to bitcoin. Bitcoin can be very profitable if you are trading with more than one bitcoin and can catch the right dips. I expect we will  hover around 6000$ until the 2x fork occurs. After the market will decide what we will do. Very volatile tiles ahead

I ve been reading that there is rumor about Amazon accepting btc,Due that news Amazon will announce that today in his earnings report after wall street session 4 pm est

Yes Huobi will be running again. there's been so much news saying that. I might feel strange if huobi try to create a new website to avoid the ban from the Chinese government, but it should be actionable by the government. I am more convinced that the government is actually just pretending to be about the ICO ban and trying to ban Bitcoin, whereas the fact that I am currently seeing that the government supports Bitcoin. I would probably be annoyed to hear that the Chinese government deliberately made a statement to make some parties get a profit when bitcoin prices decrease. this is a very dishonest act in my opinion.

This is good news and I just checked bitcoin price now from https//coinmarketcap. com and bitcoin price is currently above $5,947. I have noticed that bitcoin has resume it earlier trend from$1,750 that lead us to get to $4650 in early September and push us to $6150 this month and a broken of that level will get us to above $7000! The influence of the desire for getting a free coin from the bitcoin splitting cannot be overemphasized and this is the major reason why bitcoin is recovering now.

Cryptocurrency market always react to new development or something like BTG hard fork.
There are some speculations about traders did a short-term sell off and invest into altcoins.
Then, people reallocate their funds into bitcoin after hard fork which caused bitcoin recover to $5900.
Maybe people are ready to set $6k as the bottom line of bitcoin price, we will see it soon by the end of this month, I guess.

Hope to have $6k plus after the hard fork BTG.  This is common when an apt is introduced, many invest into it hoping for a good return in future. Hope this does bring good profit spending btc for BTG.

$5963 USD price on Bitstamp right now. I think it will reach to $6500 towards fork and then may see a correction to go forward. I am just holding for a high point to sell a part.

Bitcoin price should be +$6000 so it is normal to see people buying some coins now to sell it later, especially that a hard fork is incoming so it is better to have maximum coins as possible to earn as much Bitcoin gold to sell it later.


I tend to agree with you  :)

I see people talking about investors getting BTG and hence the altcoin massacre.

However, until now I didnt see how you can claim BTG. There's no QT wallet in their page, no instruction on how to retrieve it, they only list some ONLINE wallets which as everybody knows are not 100% trustworthy.

With BCH it was much faster, and I found instructions even here on this forum.

BTG is PRE-MINED and so I dont see how speculation in BTC might be related to that, as pre-mining is very ethereum-ish. I think BTC is rising due to slow adoption by mainstream investors (ie, guys who put money in stock markets). Just that, plain and simple.

Am I wrong about that? I think we do not have to sell bitcoin to get BTG, we just have to hold bitcoin so we can get BTG for free, it's the same as yesterday we can get BCH. Yes the bitcoin price is slowly rising again, I hope it will exceed $6000 again in a few days.

Yeah i am glad of it, i always knew that the price was going to recover again and that is why i havent sold my coins when it was dumping again to $5500. I saw the charts a few hours ago and the price touched $6020 (it's ath from today) but it is good to see bitcoin up again. Maybe all those who predicted that it was going to be below $4000 after the fork can realize that they were wrong with that prediction.
Anyway, it will be going up for the next days for sure.

Bitcoin's price go went down to as low as $5400 on the 25th. Maybe the reason for that was the people who already got their BTG after the fork sold their BTC to the market right away but look at the price of the coin it continuously go up. I expect it to hit the $6000 mark again in few days. And once it hit it, it will stay on that range for the next days. Remember fork was finish and if the price goes beyond $6000 from today it means that it is because of the rising demand for the coin.

That's the definition of Bitcoin being volatile. Its market value always has the tendency to change. It is now continuously increasing with a market value above 6000$. I think it is an advantage since the jncrease is continuous so there's no problem with that to the investors. Even if the market price is already high, atleast, it is still increasing .

Today price of bitcoin is 6000 dollars and I think it will increase more again so if you have extra money its better if you buy bitcoin now and for sure you will earn a lot of profit in the future . But it depends on the demand on the market if the price increase or decrease. For sure the possible price next month is 7k dollars and before end of this year is 8k dollars and thats good to make more profit.

they are not selling their bitcoins to get bitcoingold rather they are buying bitcoins to get bitcoin gold equivalent to their current bitcoin balance and thats how it works just like happened on the past bitcoincash fork but i see they are having a hard time on this bitcoingold trend because some says this coin is not worth it and many says it was a scam, many speculators and news circulating now on the web and on the forum about btg so i guess lets just have to wait for the final announcement on what is the best thing to do about this.

The price went down after the October 25th fork after people tried selling their BTC after getting their BTG but now prices are getting higher and higher. It might only mean that bitcoin is being accepted by more and more people and might hit the $7000 mark in no time.

Why would anyone do that? Bitcoin for Bitcoin gold is one of the worst idea ever, Bitcoin price is back to 5900 and it's going strong. I had always know that this fork, was a perfect disaster and that it would soon go out of circulation. The sentiment is very strong, and now all eyes are on segwit2x, so far it's receiving mixed support, if it puts action replay, then I feel we shall see Bitcoin touch a all time high and 7k shall be very soon on us. However as of now there no word, it shall be implemented, will be interesting to see if they do it.

Don't worry regarding bitcoin fall down because we all know that bitcoin declining price is temporary only. Maybe bitcoin decreasing price is only due hard fork happen last Wednesday, but i don't sure if segwit happen was largely affect direct to the bitcoin price.
Therefore we believe that after a week or a month bitcoin value were moved raising up, because the Christmas is coming so I don't see any reason to fall down again.

the occurrence of hard forks yesterday did greatly affect the price of bitcoin, as we saw yesterday many people are panicked to sell bitcoin because they fear bitcoin prices will decrease, but after a hard fork can be passed I believe bitcoin will increase the price again.

So are you expecting the price of bitcoin will decrease because of bitcoin gold? No way that many will be gambling their bitcoin for bitcoin gold. There's not that much support in bitcoin gold and you are thinking the opposite way as many bitcoin gold will be on selling order instead of buying order.

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This will lead the price of bitcoin to increase and check it out again on preev.com the price is now good at $5,901.