Bitcoin Forum

Another great decline in the price of Bitcoin as it goes below $8k. The price was around $8600 yesterday and as the price went down it touched as low as $7770  which is almost a $1000 price cut in BTC.
How long do you guys think the decline will continue and how less the price could go ? What might be the reason behind all of this after the statement from MtGox trustee that his selling is not responsible for the decline ?

relax, this has been going on for around almost a month ;)
by monday or tuesday the price will be back up to $8k+ and perhaps breaks $9k on wednesday
if only I have spare fiat money, I would buy some at the dip and :D sell back a few days later
some traders probably have made good profits from the ups and downs in this last couple weeks

It will not take all eternity that all those people will run out of ideas to make Bitcoin go down. Somewhat Bitcoin will go up again.

It's just a few weak hands thing that the G20 summit will cause a crash in the bitcoin market. It won't do anything other than major as there are many more important topics to discuss. Enjoy the lower prices and wait for the next bull run. April is usually bullish so it's a good time to stock up.

I think this is the lowest price reached this year but I think it will be not always be going down. It is just that there are so many members who sell their bitcoins and other circumstances that affect bitcoin price. I still believe bitcoin will bounce back .

Well we have been speculating many things since long time. First we were talking about bitcoin in confident manner that it will not go down at anytime from here onwards when it was around 13K or more. But time changes everything and here we are the bitcoin is getting down and down all the time. Many resistance levels has been surpassed by bitcoin but none of them helped to keep it up in the market. Every time we predict that this is final resistance then also it goes below that and it has become unstoppable. I think this drama is going to continue for long and we are in no position to state whether bitcoin will stop now or later or never.

The Bitcoin is continuously going down and now trading at a level $7500. I was investing at every dip but now my loss is 26%. I hope it will to to $6000. So i decide to invest more on every dip of $200.

FUD

MtGox + Facebook + Google banning crypto currency advertisements

These news cause panic in Bitcoin users and can effect the Bitcoin market worldwide. We have already seen Bitcoin fell to $6k in feb so now again if it goes to $6k it won't be an abnormal situation.

But don't worry it will settle down and Bitcoin will reach to its highest mark again. HODL.

I hope that in a couple of weeks the situation will improve and the Crypto currency will begin to grow. This happens almost every year

relax, buddy! the lower it goes the better for investors, and any investment sees some dip like this, wait a while and Bitcoin will go up again.

Not only that, the G20 negotiation issue becomes the latest problem for the future of crypto.
France became the originator of this meeting, and everyone was anxious with this situation.

Just be calm and think positive, for me it's a normal because I know the value of bitcoin is volatility and i hope it will recover soon.

It is certain that the product will return to $ 10,000 or more by the end of March, but before that, will the price reach $ 6,000 before the month of April ?
If the price of the Bitcoin continues to drop below $ 7,000, I personally will not miss that opportunity to buy and store bitcoin.

It will not help if you afraid about the fallen price of bitcoin, we only have to do is stay calm and don't panic. Well actually if I have enough money to purchase bitcoin, I will buy more in this fallen price, for sure in the future I will become a billionaire.

yes without concepts because of what the fall, like the news there are no bad news, but he falls and falls: (

Maybe we still have to wait for news from the upcoming G20 meeting in a few days. Whether the meeting produced good news about cryptocurrency or the outcome of the meeting actually worsened the present condition. We all hope that the result of the meeting is that many countries support cryptocurrency so we will know when the bitcoin price drop will end because good news from the meeting will boost the bitcoin price rise in the future. Statement of Mt. Gox who is not responsible for this decline is just a denial because the fact of their sales still affects the movement of bitcoin prices that tend to continue to decline this.

Declines are good for the economy. It also get's rid of the people who invested into Bitcoin expecting a quick buck and encourages new investors to invest into it. Stop thinking that Bitcoin is doomed as soon as the price falls. We all know the value of Bitcoin and a temporary drop isn't going to change that.

Over the last month the price has seen a decline during the weekend until it goes back up on monday or tuesday, so this decrease is nothing new. But even though the btc price has been on a downtrend, I'd like to point out that the btc dominace keeps going up (almost 45%), so it's no like capital from btc is going back to alts or anything. This reason behind this decrease could be whales shorting, people cashing out their profits, or weak hands panic selling because of the red numbers...who knows.

Overall, I wouldn't be worried about this downtrend, it happens all the time, -10% over the last 24h is nothing tbh.

i think the price will drop to 0$ in short time so guys sell sell sell

i think we can expect March and probably even half of April be the same down trend for bitcoin. and even if the downtrend stopped, i don't expect a rise because investors are not so happy about the situation and many are not buying yet because they think it may go lower.
on top of all that the FUD makes everything worse. people will be afraid to invest because of it.

how low it will go is not a question that  can be answered unfortunately.

There's a long term trendline that BTC's price has been following consistently. Humans being humans they occasionally get excited and it radically overshoots that trendline. Then they realise they paid a vast amount only because others were excited too, then they get sad and it plunges below it. Then they go away and it returns to normal until the next excitement.

We're still hungover from the excitement. Expect us to undershoot and then back to business as usual. Maybe later in the year. Maybe next year.

Its been happening for three months now since the drop last january. The volatility stays from the gap between $7K to $10K. I dont know when this will continue but i hope it increases for the next quarter.

Right now bitcoin really need all the help it can get through all of its supporters that is in the community, we can never know when it can last because I really think this is a manipulation of the whales that the price is like this, We can never know what certain target they want for the price to fell but this is not a continues this because we can be certain that the price will recover and be back in a higher level again and I really think we can reach the $20,000 USD this and year or even further within that.

As usual, bitcoin is experiencing another decline in the current market where I think could be an opportunity for the investors to buy more btc with lesser value. All you need to do is just wait and HODL your BTC until the market recovers again. As to when it will recover, I still don't know but would speculate that in the coming months bitcoin will increase back the price back to $12K USD after a bullish run to happen soon.

It's a very distressful month had past and I am afraid it will continue this upcoming days and weeks. I have sold most of my alts losing a total of 50% of my investments, well that it's how it's used to be, there are losers and winners and I guess I am at the losing side.


What came up to your mind that it will go to 0 value? That's way too impossible, you are hallucinating, wake up from your dreams it's only a market crash.

We cannot stop the decrease of values of bitcoin. It's up to market. But still, we can't predict what will happen in the future. I believe that price and value of bitcoin will go up before the year ends.

In my opinion, considering three months chart of the Bitcoin it is obvius that resistance line is nearly 6K USD which means it can go down till 6K. But of course this forecast doesn't always justify the fact like we assumed. If you can buy it in that time then you can get benefit from the Bitcoin in the future.

We've often seen something like this, so you do not have to worry especially the community. This IMO will last until the price is discarded at $ 7k, but I do not know what will actually happen in the future. Hopefully all of this soon ends and we can see bitcoin again fixing itself quickly.

I bet you meant Support Line. Both don't mean the same thing. In case that still confuses you, let me help out with clarification. However, simply put, the upper barrier is called Resistance while the down barrier is technically called the Support. In the case you described, it is a downward movement to meet a barrier and that should be Support.

Its tough when you see all coins that you hold drops big. But i can control myself not to sell my coins. Even the price are declining again i think it will still recover.

Oh well, what can I say? Another bad day at the job it is. LOL.
relax man, I know you're scared for your investments but who isn't? I too am, but as much as I believe in bitcoins and in my other investments, I too believe in my decisions that I have thought over pretty well. Which is why I worry less to nothing now. I suggest you do the same also and read more about the past experiences of bitcoins so you can ease your mind. See you on the moon.

Not for long. To 6000 and back up is my opinion but I'm willing to hold no matter what. The people who are selling now are only doing it to buy back lower. You can see it by the slow and steady fall. If a coin is failing and people are getting rid of it's going down fast. No bad news, a bottom at 6000, small volume, it can end only one way. By a breakout up once people get tired of selling.

You could have a worse day. What if you sold Bitcoin and bought Bitcoin Gold 2 months ago? :D
There are some things i'm willing to bet all my money on and one of those is that Bitcoin will go back to 20000 USD again. It may take months or even years but I'm not in a hurry. It's a long term investment anyway.

According to the charts, bitcoin is facing a new death cross and the price might drop below 3K. But what the charts show does not always have to happen. Fact is, people are selling off because they panick and that causes the price drop. But even if the price drops below 3K, it will increase and maybe reach 20K again.

It is a problem to me because I spent most of my money buying other things online.
If I just knew this will happen then I could have saved it for buying more.
This price is too low and bitcoin being undervalued again.
Maybe next week there will be a great pump again. I think it is just from the sudden panic from the news of regulation or maybe the people who have really used it for money laundering are trying to escape now. I am still calm and will be waiting for bitcoin to be valued at the right price.

the reason behind this decline is some negative news like google and facebook banning crypto ads, mtgox news, etc but crypto analysts says that google banning will be a good thing for the market in the long run as it may stop fake icos etc. people are just selling in panic. Bitcoin will rise soon as always.

We just wait for the conclusion on the G20 meeting,the discussions will revolve around the implications of cryptocurrencies and the potential applications of its underlying technology.U.S. Treasury Secretary Steven Mnuchin said his concerns revolve around the use of cryptocurrencies in illegal activities like money laundering, while French and German finance officials co-wrote a letter in February that sounded the alarm on potential risks to investors.

Source : https://www.coindesk.com/g20-delegates-will-seek-common-response-crypto-talks/

today it became known that Twitter in the trail behind Google is planning a ban on crypts, this is already a bust of the guys! Enough, stop on Facebook!

Relax this is not the first time a downward trend occurred. Limited currency can only go up in the long term. Anything with limited supply will always behave that way. Have patience and don't sell.

Keep calm because everything will be back to normal. 7,000$ is still abig price for bitcoin. Actually comparing to its price before, bitcoins value is still the biggest among coins. The reason why its price decline is because of the big news about google banning crypto. Well, just keep on holding your coins.

In times like this I like to convince myself it's normal, because it happened many times before. I like to remind myself that $7800 is still a lot of money for a Bitcoin, and I like to look at https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd in Log view:
http://i64.tinypic.com/2941gfq.gif
If I'm very optimistic, I like to convince myself that it looks a lot like 2013, right before the rally to a new all-time high.

Note: this is not investment advice, it's largely hopeful thinking, but long-term I have high hopes for Bitcoin.

I guess that we don't really need a reason for the price to decline any more. At least the markets don't seem to need a reason based on development news. Big players are dumping coins, and crashing the market. We all know that in 2017 what we got was mainstream awareness and not adoption, so the markets are still very thin, and easily manipulated. Right now, I think they are preparing themselves for another bull run, because of the release of the LN that should bring adoption along with it.

Just imagine, every bit of "bad news", or something that could be interpreted as bad (like the adds ban by facebook, google and now twitter) are getting followed by a dump. This will keep bringing the price lower and lower, because "money people" know that most retail investors don't have a clue on what bitcoin is, or what it's real price should be. Most of them bought close to the top, and don't have the necessary knowledge to hold their coins because of the current dumps. They are now facing huge sell pressure, and end up selling with a huge loss.

After a big cool down, bitcoin will probably stay stable for a while, until the LN gets fully deployed. By that time, big investor will start buying in again, the price will come up, everyone will start saying that BTC is truly amazing because of this new thing the Lightning Network, that wasn't available before, and that changes everything. The mania will come again, the price will hit new ATH, and the cycle will repeat.

Don't get my words wrong. I think bitcoin is great and I'm a holder. The problem is that most people in the space are in it for the profit, and will just follow the trend. People with money will be able to manipulate bitcoin price, because most investors are not informed, and these cycles will just keep repeating until a real market is built around bitcoin, with people using it on coffee shops and normal daily things (or at least for online shopping and international transactions). Until we get that type of adoption, we will keep seeing these bumps and dumps, and people getting burnt.

It is actually a normal phenomenon that a rise and fall in price occur at one point in time, which are usually caused by certain factors. But I believe after this current decline, there would be a massive increase in price.

Right now I don't think their is anyone who have the exact reason for the decline in the prices.But the fluctuation is great and probably heading towards another crash of the year.As far as MtGox Statement is concern,I don't agree fully with it as though he is not doing intentionally but he is selling very large numbers of bitcoin and there are no buyers in the market,which makes market cap to fall and thus affecting the prices of bitcoin.

yes we can expect another price correction. People got excited about 9k breakthrough for no reason.... It was dumped two or three times from this level in recent weeks. 9K looks like a trap for newbies and whales won't to suck in their money in. 7800$ is still strong resistance.

the $20k was officially another bubble in bitcoin and at this point i think it is clear to everyone and it can not be denied but also i believe that this bubble is now over since we went nearly 70% below the ATH after the big drop happened which is already as big as most of the drops and bigger than the rest of them after each bubble that bitcoin had.

for that i don't think it will take that long to come back to start the rally all over again this time.

Bitcoin (Bitcoin, ฿) is a virtual decentralized crypto currency that does not have a single control center. It does not depend on the weather, nor on governments with banks and the army

Market prices always rise and fall at different points and this is not just peculiar to cryptocurrency, prices will always drop at different times and there is no reason to panic, the price will not stay down forever and there is still a long way for us to go in this market. It's just that for now, the supply far outweighs the demand as there are not enough buyers in the market but that won't last for very long.

Good predictions, currently too much panic so bitcoin holders are not confident to invest.
many issues that make them the biggest doubt is the G20 issue.
worth the wait in July.

Bitcoin users can also protect their money with backups and encryption. Transparent and neutral - All information regarding Bitkoyn's money supply is always available to everyone in the chain of blocks, it can be checked and used in real time.

So there's this tiny little coin on something that we call the internet, that barely anyone uses and barely anyone^* has. And yet, despite it's totally insignificant scale, the 20 most powerful countries worry about it! I didn't realize the G20 isn't just governments, but also central banks, until just now (Wiki (https://en.wikipedia.org/wiki/G20)), and that explains a lot.
Think about what this really means: powerful central banks worldwide, who have been creating money out of thin air for more than a century, are suddenly very afraid of this tiny little hype that someone created 10 years ago. That can only mean they're afraid to lose their own power, and that can only mean they fear/think/expect Bitcoin is going to be very big.
I can't think of a single other reason why they would even care about it. "My" government is warning against Bitcoin a lot since a few months. They don't care if citizens lose money (my government runs the biggest casinos and lottery in the country!), which leaves only one reason: they're afraid. And that tells me holding some Bitcoin for the long future can pan out big.


^* With only 20 million funded addresses only a fraction of a percent of the global population currently owns Bitcoins