Bitcoin Forum

bitcoin continues to downward trends dips 6,600usd
https://www.cryptocoinsnews.com/bitcoin-price-continues-downward-trend-dips-6600/

according to the news from 7,500usd dip down into 6,500usd after 30 days uprising, what is your analysis for bitcoin today do you think guys its continue to drop down the price value or rising again in a few days.

It is really a big loss dropping 1k usd for just a short period after that long run of rising,i think this drop will continue for a couple of days as what forum tells now more.but i believe before december it will recover and continuously arise for the whole month.

maybe the price of bitcoin has something to do with the news about segwit2x, I think so. My guess is, bitcoin will not touch the $ 6000 price again. hopefully

not many stand to against the falling.
it'll continue to dip down, cause many investors hoped something big about segwit2x advantages, like free money.
They do not care about how much to pay as it's free.
but since it seems to be a failure and price's falling down, everybody's scared and keep dumping or selling

Bitcoin price will start going up once BCH guys start dumping to get their tons of profit!!! That's surely going to happen real soon!!
Good time to buy BTC now!

It's very evident that they're just hyping BCH after the postpone fork of S2X. They're good at creating hype after a failed drama and here they are attracting hordes of unknowing people about the situation causing FOMO and massive bumps in BCH. See after another great news comes up, or the mastermind of this pump decides to sell, all money would flow back to bitcoin causing another ATH.

This was already bound to happen since the very start of the price hike of bitcoin. Because this has happened so many times already. And we all know that the main reason for the price hike was the forks. And with the fork being cancelled, the investors considered dumping and getting back to altcoins. Plus all the fud spread ny stupid economists. We can really say that this is just a correction and will soon be done. So i am still gonna hold btc.

I really, really hope so.  Normally I'm pretty good at ignoring the FUD, but this one has me concerned with all of the transactions mounting.

Well, the correction was needed but it is kind of fake correction and I don't like it. Everything in crypto can happen but right now bitcoin cash is pumping really hard. My target for bch was 1000$ but it is way above that now.

This is cryptoworld. No one can predict anything. But its really unbelievable that within one day its price went down by 1000 dollars. I think definitely after one or two weeks, bitcoin's price will rise . This mainly happened because many people thought bitcoins price is a bubble and they invested in bitcoincash. Very soon they will understand the things and will invest back in bitcoin.

The rise of bitcoin cash really affects the users faith in bitcoin. I am really disappointed. Well, it's still their choice though.
But in my opinion. People should not abandon bitcoin. The high price is not a reason to ignore.
Maybe some investors just wanted to invest at the cheapest that is why they have chosen bCash.
I still think that bitcoin is stronger. So people should stop panicking. 

that's just FUD , the community is still strong as it was ! Bitcoin has been like this for years but it still managed to survive ! I don't think this issue will last  long and people and miners  will jump again to bitcoin very soon , There was really no reason to panic it was actually the time to enjoy it and buy more bitcoins and sell it later at the higher price.

I dont think so that it will decrease lower than 1k$ because it will goes up and down. I believe that bitcoin will goes up up to 10k $ by the end of this year. So just be patient in holding your bitcoin.

It will continue dipping until $5500 I think, but I'm sure we won't be lower than 5K. It's expected. The huge pump is mostly influenced by the fork, people buying to claim more B2X. Because of that, the price will always drop after a fork. Chill, I'm holding it strong.


$10K by next year :P If Bitcoin hits $10K this year well ... that escalated quickly!

My prediction would be it might go down further but not too much. There is also a chance that it might stabilize for today.

my opinion it will go maybe below $6000 but it wont go further below $5000, but I always believe in bitcoin I expect end of this year it will reach $8000

I doubt it. So far Jihan Wu and all those helping him manipulate btc price and bch's will not be satisfied until they made a hefty sum of gain already and for this reason I think they would continue for the rest of the day. Considering that they are the ones spamming the network now, price would go back up when the unconfirmed transactions lessen and goes back to normal. By that time probably bch would go down in price as well as they take their profit.

I think bitcoin will drops for a few days and somehow it will increase again. There will be having a time to bring back the price to rise. So, I think it will not drop too much below $6000 but lets see until what price its dips.

Bitcoin will surely rise a few days from now, they cannot keep manipulating prices forever. For now it will continue to drop but the question is that will it stop today? Probably not because spam attacks on blockchain are still continuing. They cant do it forever though because fees are high. Probably they will stop it soon and transaction numbers will go back to normal tomorrow or the day after tomorrow.

this is like the main features of bitcoin!
whenever a drop starts, it becomes big. the market has grown a lot over the past year but the exchanges are still pretty small with thin order books. which means a small dump causes a big drop and that leads to panic.

when all of this is accompanied by FUD and all the attacks,... the panic becomes bigger... and the dip becomes bigger.
and nobody dislikes a dip! it is like receiving a discount on bitcoin purchases from the market for a short period of time.

Indeed, its market value is now continuously increasing after continuous increase recently. And the dumps happen right after it was announced that the hardfork this month will be cancelled which might caused its value to fall. But I think it will eventually increase so Holding will be necessary. I do believe that it will eventually rise.

Well we should wait for that to happen since this situations right now has affected a lots of holder and investor who waited for much higher price of bitcoin, but as said earlier in this thread here the price value will bounce back again to a good price and won't drop down below $6000. As per observations, altcoins right now pumps due to bitcoin price declinations and as noticed earlier today those other crypto currencies now rises their value.

yes your right this the right time to buy but i have doubts about this scenario maybe bitcoin will not go upward because bitcoin value now adays is to cheap back to 3k.  Maybe it will continue to fall so i think much better to buy later when bitcoin show some positive reaction. 

 Dont know about that about dumping of bch but it is surelly the time to buy tons of bitcoin now to avail some profits in about a week or so or month or so. Recovering is not that hard for bitcoin sure it takes some time , sometimes.