Bitcoin Forum

The price of bitcoin is down more than 25 percent from an all-time high of nearly $20,000 reached this past weekend...
Prices fell to as low as $14,502 to start today's trading session, according to CoinDesk's Bitcoin Price Index (BPI), about 27 percent from the all-time high of $19,783 reported on Dec. 17....

Yes, and that is because of the congested bitcoin network and high transaction fees. People who are using cryptos to snd money from one point to another, are now preferring different cryptos like ETH or Ripple. Due to this reason, ripple price has increased to a whole new level. These currencies are technically superior than bitcoin and started showing value to the transactors. But I hope the situation will change very soon because bitcoin price is at optimum low level and a lot of people are tempted to buy more now, including me. So bitcoin will certainly bounce back.

Wow it's $15,000? Last time I looked at the chart in januaryit was $1000. wtf happened? Why is it so high?

The only reason it got so extremely high is because it had extreme momentum. If it gains momentum on the way down again I fear it might go very low. The scariest part is that it's down more than 25% and to me it feels like it only just gained traction.

A whale I know, who's been holding for years and had a few thousand coins, sold everything this week. If someone like that dumps it all, what will average joe do?

Yes bitcoin drops much, but no need to worry I still optimized it will increase again before end of year.
Now transactions fees bitcoin is high, it will effect also to bitcoin price in the market.

when we active and solve fee problem. price  will growth fast.


and may get 50,000$ in short time

There's no fee problem,  there's a spam problem

Ha, ha, this made me laugh.  ;D

Anyway, the price is falling but it's not the first time we such situation, it has happened before. And I don't think that fees are the cause for this dump, like some are saying.
I would just say don't panic sell but buy. This is opportunity to buy at convenient price you will not want to regret that later.

BTC Will Go up 20.000$ in 1 month.

It appears the bitcoin is going through the second correction since December 2017.
But this correction is happening for a reason because the Korean cryptocurrency exchanges are crackdown by security officials for tax invasion. 

That certain scenario is common and normally to happen in the world of crypto. It wii happen also in the other forms of investment local or internatioal, because knowing that bitcoin is decentralized and the market are moving fast so therefore changes will occur every minute.

I see others got surprised with the price of Bitcoin reaching to $15K, but this price is such a fall in the history. Last year it almost reach to $20K, then this past few days it is getting low. But I do still believe that it will mark the history again and surpass the $20K ceiling.

LOL. I don't know what is the intention of this post, is this to create awareness or just to spam? Honestly we know what is happening. Most of the users here already knows that and probably knows what is the reason behind it.

10 days to go from 14.000 to 20.000

People focus too much on that peak of nearly $20,000 last year. It was clear that this peak was only the result of the speculation around the future markets going live. If there were no future markets, there would be no $20,000.

If we disregard that $20,000 peak for now, you'll be left with an average price of $15,000, which is what we are very close to right now. In other words, we haven't gone down that much at all.

Peaks on charts aren't always a good reflection of the reality, and the peak of $20,000 is definitely not an exception. People act like Bitcoin has gone down a lot, while in reality we're still in a very good position.

Price has come lower than $15000, due to some sort of issues. Due to the recent issue with the South Korean exchange now the price drop has taken place. This has been termed to be a FUD later by exchange authorities. Expect the price to increase gradually at the earliest and reach above $20000.

And i think that was the effect of shilling when starts to buy and notice that the price is almost at the speculated price. They tend to stop and rather sell if it is rising up again, but who would do such thing like that? I know one, and they called it Whales.

If you look back, the market has been bouncing up and down for quite a while now, and that within a very wide range, so there are no issues here at all. What we experience right now is a market that doesn't know what direction to move into, and it shows due to the price movements. There is no momentum anymore, no event to hold onto, no Lightning Network, no further Segwit adoption, etc. Do you seriously expect the market to keep increasing without any bullish indicators? The market has been consolidating above the $10,000 level, and that's the main thing to focus on here. Let it jump to $16,000 and then fall back to $13,000, it doesn't matter, that $10,000 level is still safe.

I still remember when it touched the $20k barrier for the first time, it was one of my happiest days in this life.. And i sold an entire bitcoin at $19,000, it was so great! anyway, it will still keep going to go up for a while, but no one knows when are we going to be at twenty thousand again.

We are good. Look at the graph and think. We are hitting higher highs and higher lows on the dips.

After the $11,000 crash coming from the current ATH, we hit $16,529, corrected to $12,043, went up again and hit $17,277, with a dip down to $12,822. So notice how we go high, correct higher than the previous correction, with this trend we should be ok, outside of any big FUD news that could disturb the current triangular formation which as I described is rather ascending than purely symmetrical of a triangle. I see an ATH next month (again, outside of FUD news).

OK, I agree with you on the peak.

But we held 17k for almost a week and never came close again.

Look , I  don't know why is Bitcoin falling down , but I know that every time Bitcoin is falling down he's rice again with a bigger price . So we don't need to worry about this , bitcoin is gonna rice up again , maybe not in a short time , but its gonna rice up again .
Bitcoin price dropped to $13.000 , but like I said, we don't need to worry, it's gonna rice up again .

It was great, i agree, i was able to sold at $20,500 on GDAX, it was a nice deal because two days later it dropped to $17,000 or a little bit less if i am not wrong.

But yes,  the price is obviooooously going to recover, it is just matter of time until we can see another bullish and giant green candles on the charts again.

I am now investing a lot of money on Altcoins, but i want to see bitcoin going up too..

Bitcoin its value down or up is not foreign anymore, because its value is not stable. so we do not need to panic when bitcoin down, that's our chance to buy as much bitcoin as possible. Because we know if bitcoin down will definitely go back up and will be worth higher later

Bitcoin price fluctuates is a normal thing due to people trade cryptocurrency based on current development and acceptance, every issue will affect the price. Especially for now due to bitcoin fees people tend to invest in alternative coins which are better than bitcoin. It will change as soon as scale solution implemented such as lightning network.
Another thing is bitcoin acceptance, if South Korea ban cryptocurrency trading, the price will fall as people selloff bitcoin.