Bitcoin Forum

What's happening with the price of bitcoin?Prices will go up eventually and probably very soon, my guess is that it will start climbing to new highs towards the end of the summer/christmas 2018

Bitcoin fell roughly 9 percent Wednesday to its lowest level since mid April, extending a sell-off that started after a week of major blockchain conferences in New York City.

It’s a typical downtrend sell pressure. The news is partially just to get people to view their websites so I normally don’t look at the news or consider it a big deal. If you’re feeling that pressure you should at least have a strategy in place every time you have that emotion to make you think clear.

https://www.cnbc.com/2018/05/23/bitcoin-drops-9-percent-now-back-below-8000.html

A persistent Correction for the bubble that occurred in January. It may take a long time for it to recover for good (several months).

It remains a revolutionary concept/technology and will continue to gradually increase in value over the next 10 years.

 For me I’m not looking to justify why bitcoin is going down it’s not important. The only thing that's important is the short term volatility to make money off of and that's it. It’s on a old support level, and you might get a few opportunities off this move.

Cards are out and everybody now knows what bitcoin is capable of reaching