Bitcoin Forum

Today Bitcoin fell from $7500 to $6,700 and the price has not changed in the past 24 hours. It is at $6750 all the time.

Did something go very wrong with Bitcoin ?? -12% fall in one hour and then no trading till now..

Yeah the current market is really quite at the moment.
Maybe a lot of people also just have their spring holiday, therefore not so many trading activities.
Approaching Summer toward end of the year, I think Bitcoin will start to climb again. So, this month also a good entry point to keep staking your Bitcoin ;-)

Still no price change. Looks like there will be -$2000 fall after all the silence.

No, there is nothing wrong with bitcoin, at all.

Prices are first of all usually pretty stagnant in a bear market, compared to in a bull market anyways. Plus, prices were and still are simply consolidating at this $6.5k-ish level before moving, which is pretty characteristic of any falling market encountering support or resistance (in this case, support).

I wouldn't expect any sort of bullishness right now. Prices are unlikely to get pumped overnight as some people may suggest. In fact, I believe that there will probably be further dips coming our way before prices hit rock bottom.

I believe that the hacked in South Korea is the major reason why bitcoin is going down  and since this is not related to a pre-planned something I think bitcoin is going to get it losses back and resume the little upwards movement it was having.  I also think that this gives an opportunity for new investors to invest into cryptocurrencies.

Anything could cause it, as there is nothing really we can point at.
The market for some days and months now has been in a huge bear market and even though we may want to look for something to justify it, it just seems the smart money is not ready to give it a push at all.

For changes in price, it is normal to see some level of uncertainty in a market during this period and that of course should have been gotten used to now. There is low volume, the market is going down, and most traders are out of the market until there is a guaranteed movement, so it is normal to see sideways movement in cases like this.

Man for the first time ever I am so depressed, I did not even open my exchanges accounts since the fall, my funds took huge hit -50% . For the first time I do not really know what I should do . But I have decided it is too late for any action now and all I need to do is to shell and set tight hope for a miracle  :D .

I think that's what everyone thinks. I do not know who is trading on the exchanges. It seems to me that this is done only by the whale Alt accounts to support the fall. I don't see any other way but to stop trading. Let them sell their own coins. I'll wait for the price to recover. Whales will not be able to constantly restrain the growth of prices.

If you had experience in late 2013 to early 2016, then you will not be so depressed.

At this point, just hodl and don't sell at a loss. As you said, now is not a good time to sell. The way I see it is, if you didn't sell your coins at $19k, why sell them for $6k? Just Hodl strong through the bear market, and don't panic. Things actually could get a bit worse from here. Its a long-term game, short-term dips are no worry.

Now the price of bitcoin reduced below 6500$ reach 6430$.This make me very angry,I need to sell 500$ of bitcoin for my personal expenses.If I had exchange 500$ with today rate,I will lose huge amount of bitcoin.For this I use to suggest the people to inverse independent money.

Theres the change in the price, and it hurts, 1500 dollars lost in a few days, people are nuts calling 100 billion gold like asset a bubble.

It is normal for a market to be quiet most especially in the phase of uncertainty. The bear market is still very strong, no one knows what is next, TA is not aligning with the position of the market and the only thing we can rely on simply now is price action at certain support and that alone is still something one would really need to be very careful with as well. However, we are still going to end up getting the best from the market once it recovers anyway which as far as I am concerned is expected.

No change in any market usually indicates the uncertainly among traders. It means everyone is waiting for the further trend. It takes place usually at strong support and resistance levels. Because breaking those levels may lead to continuation of current trend and reverse back will bring new trend. As of now, we all also must wait for confirmation of trend.

Include the early 2018.

From $19,000 --> $15,000 --> $10,000 --> $6,000 so this $7,500 --> $6,700 is just a tickle.

$19,000 --> $15,000 --> $10,000 --> $6,000 ----> $7,500 --> $6,700 ----> $3000   ;D

now the bitcoin price has dropped to very low and seems to have a very slow coin movement and will be long to go up, but I still believe that bitcoin prices will soon recover and will have a high price again

Nothing went wrong, crypto currency market is always have fluctuations in price and there is no fixed price for any of the coins. The way Bitcoin performing should be compared with last year and last year same time Bitcoin was trending around $2k, the price unexpectedly arose to $20k. Thus, there will be a sharp price rise in the coming days and Bitcoin will reach its highest price for sure.

No no no!
Last yearm when Bitcoin was around $2000, there was excitement in the market due to passing the former ATH. Furthermore we were in a bull market.
Now things are completely different! We are in a bear market since the beginning of the year, the sentiment is super bearish and instead of excitement the majortiy fears we could go lower. I can not see any sharp bounce coming in the next days or weeks. Maybe a rise to 7k, upwards correction, and then the down pressure maybe will continue. If no more down pressure should happen, we will go sideways, continue accumulating, with some miner up and down swings.

this is fair, but do you see more and more investors who menaril funds out of the exchange ?. trading volume is getting smaller. and is it possible btc back to the cheapest price by the time of thun 2013? this is a big concern

Eh, it's possible but with that logic you could extrapolate it all the way to -$19,000 and beyond if you wanted to.

Nothing in the OP is true, does nobody point this out?  This thread is like 3 days old and
wasn't true when it was written and hasn't been since, along with
I think OP is looking at some fake set of data.  If you're going to speculate on price, you should at least know what it is.

Today bitcoin is $6,655. This price is keep on crashing but I could not deny the fact that this situation is very attractive to everyone who really wanted to have bitcoin on their pocket from the lower price while others are being panic. Let us wait how these interested buyers will change the situation.

There is nothing wrong that happening.

Prices usually will move sideways instead of anything vertically just before a major change in the market comes in, whether that's a pump or a dump. And seeing bitcoin moving between a small window and consolidating is only normal.

However, due to the fact that the $6.7k support has been broken, don't expect the prices to stay put for too long. The market should continue its pattern of dipping soon, and especially if $6k support is breached, be expecting an irrational panic dump.

you again and as always you are spreading your hatred against bitcoin


Strange that you have not put "$2000"



OP hates bitcoin, see his post history

https://bitcointalk.org/index.php?topic=2518106.msg27896916#msg27896916

He say: " Looks like Bitcoin will get banned worldwide  " and all his post are against bitcoin

Well, it is usual for it to hurt and those that feel hurt about it should simply just find a way to learn how to trade. It used to hurt me before but rather than feeling the hurt, I realized there was just one solution to it and that is to learn how to take advantage of those situations and now I take is as it comes with no sweat at all. What is important is to try to understand the market and know there is just so little we can do sometimes than just to play along with it in our own best way that will pay us in the future.

As of now, market started to show some recovery which means we may see the first bounce back after a worry-filled down fall. I am happy from yesterday as those support levels around $6200 are still working stronger to make prices to turn back. I am expecting now market to move up to $9800 levels in coming weeks.

There is nothing wrong in here, i think that the price is more than stable.
What are you expecting? a 10% return everyday? came on mate, what are you looking for?...

If you cannot take the loss today you are dealing with then just try to read different positive speculations because it was normal for the price to decrease in a huge amount since last year, it managed to reach $20k dollar so i believe that it was normal to drop this low today.

It may be due to Ramzan festival, the Islamic people cash out their Bitcoin for their biggest festival might be the reason for the dip in Bitcoin price and the price will get stabilized post their festival. There may be some more reasons for the dip in price of Bitcoin but to my knowledge this one is supposed to be the reason behind the fall of Bitcoin price.

Today i just read a news stating that today there was a 5.6 percentage growth was seen with  the support of ETh and other best altcoin. Hope this trend continues tom onwards.

That's was yesterday, as SEC said that ETH and BTC is not a security, however, nothing was mentioned about ERC20 and more interesting what will come about the taxes, to you pay taxes as on income or growth of capital like later on, and when.. once you convert it only to fiat. Also, the interesting question stays, that they wanted to charge yearly, while you hold the tokens... A lot of things have to be cleared still, but SEC is on the right path but is not in a hurry. With such news on the bullish market, everything would likely rise 30% or so...

It has a reason they don't want to be clear about certain aspects of this market, which is that they don't want to contribute to even more growth while there is so much to catch up on for them. It has made China force through severe regulations because they just couldn't cope with the growth. On the other hand, the US has remained quite friendly overall, which I didn't expect initially. I hope this friendliness will result in an ETF this year, which should be no problem considering all measures largely preventing investors to lose out are in place. I know of ETF's that expose investors to way higher risks, and these are no problem for them, so the SEC should stop being a hypocrite....

I don’t think so because many people do not know about that hacking. The main reason I think is market manipulation. When there are whales in this market we will never make money from bitcoin investment. Just single hacking cannot affect the price to this extent. This is something else that we don’t know about, but hope for better time in the near future.

In my opinion the price is almost stable and there is small changes which steps downwards. I also expect more dip in the price in the coming days. I will never invest in bitcoin in such conditions because there are lots of alternates available in the market which are quite good for investment instead of bitcoin. For me bitcoin these days are a waste of time and money.

And a few days after you opened this thread, the price seems to go down to as low as $6K-$6.2 and now we are hovering the $6.5 range. What went wrong? Well, there's a report that a South Korean exchanges was hacked, sending another shock wave that causes the price to go down because of panic and eventually we hit another low for this year.

But just like other market crashes we have seen, its better to not opt out at this point because once everything has settled down. We have see some recovery on its way. It's just the timing was so bad because we have been in this bear market for all eternity and it seems it will not end. But anyways, I urge everyone to remain positive and keep HODLing.

If you look his posting history you can see he is wrong in almost everything, he does not really understand some basic things and most of his post are just FUD and some crazy wish that BTC will go to 2000-3000$. All that in combination with gold/silver theories which go 40-50 years back in history. He is mostly posting here, since there is no moderator for Economy board this is a good place for such posting.

Price of BTC is always changing, actually every minute or second depending where you monitor price, totally worthless thread, another in a series...

Today also Bitcoin = $6450. Looks like less and less transactions in Bitcoin now.

bitcoin prices continue to decline and now are priced at $ 6.466. it seems that this decline will happen until the end of June, the price will continue to decline to touch $ 6,000. I myself also do not know clearly what is the reason behind this decline, I hope hopefully the price back stable at the highest number so that people will not appear panic in the forum.

I think the market had been quite stable since yesterday. So, we should just wait for what will happen next in the market. The market had been bearish, so it's difficult to predict whether if it will keep on dipping or if the market will recover somehow the next day.

People panicked because they never opened the history of the charts, let's say it is now 4 months ago where prices range from $ 5.8k to $ 6k. So there is nothing wrong with this, the price just goes down as usual.

Fewer transactions? it is more like there's a lot of transactions converting to fiat or USDT pairs, it bounces around 6k so anything is possible as it can go down to 5k as the prediction of some people here or it gonna push back to 7k somehow this month, expect the market turn around it may be a positive or a negative trend to the market price of all cryptocurrency.

the circumstances when you make this thread much better than the current state, bitcoin prices have dropped below $ 6500 and almost touching the price of $ 6400.

If I may ask, why on earth would you be angry over an issue you obviously cannot change ? If you need the $500 urgently for a pressing need, then you just have to go through with it or wait a little bit to see some upward correction, but you know at this stage, nothing is guaranteed with the rate at which bitcoin is falling pretty fast, I would either be holding, selling if I really need to, and buying when it is necessary for accumulation.

Bitcoin volume is low compared to what it used to be before, but we need to get used to see it like this, because the market is on a bad situation right now

It seems bitcoin had undergone adjustments or corrections to make it recover and hit again 7K or 8KUSD price. Dont be panic, market trend is just normal. 

Because the price is unptedictable, price can change anytime instead of not changing at all at 24 hours because there no trading activity, maybe the dumper are satisfying with that price. But if we look forward, it should be the time to invest more.

Bitcoin price are steady to the $6400-$6500 yesterday and I think today the price will increase again like possible for this week range $7000-$8000 so if you have extra money right now buy more bitcoin and hold it for few years and earn more money but if you did not want longterm you can do shorterm you can gain some profit too..

Did you monitored the price of bitcoin within the 24 hour period you are talking about? Bitcoin price like any other asset which is traded on an exchange has a daily high and low and current price, hence it is impossible to say that there wasn't any change in bitcoin price for 24 hours.

Bitcoin's volumes right now aren't actually low. It looks low because people are used to the hype volumes of last year and earlier this year, but we are no longer experiencing any of the hype that we went through.

The moon rocket came back to earth and now people have to adjust to current prices like how astronauts have to adjust when they land on earth from their mission. The sooner people adjust the sooner they will calm down.

We won't be going back to $20,000 any time soon, and we might not even see $10,000 for a while. Focusing on these levels only makes you stress out unnecessarily, which is bad. Enjoy how Bitcoin keeps growing in the long run. :)

It's a journey. People might not see anything similar ever again.

maybe the price will be higher in August later, lately, the price continues to decline and the whales continue to suck bitcoin prices. continue every cloud has a silver lining, hopefully, the price will soon move on rising in the near future.

Maybe it's a good sign the price has stopped falling. Perhaps now the opposite trend will begin. I think a greater cause for concern is the decreasing volume of the market cap which is now below $ 280 billion.

the only thing that i am seeing now is that the volume is super low, the entire volume of Ripple has been going down during the last 7 days, and it was the one which had highest volume

do not worry too much about this. bitcoin values ​​are much lower before, but in some time bitcoin values ​​can be very high. this is great, we can make a profit and take a break to trade every day by storing bitcoin in the next few months till its value is high again.

Good idea, the important thing is we keep exploiting the situation. value movements are now less supportive for daily trading. Long-term investment is good enough, it's a lucrative holiday.

Bitcoins will fall in a three days in a row in a week but will take a day to rise just a few percentage. The price of bitcoin fallen since January of this year  is not encouraging so if I see there isn't a positive change in it I am not bothered.

as far as I know it's common and open happens only this time.
because bitcoin is very vulnerable to issues that make people panic.

I don't see why it should be an issue if btc doesn't move much every 24hour. That's why it's unpredictable. If people keep noticing every single twitch that btc makes then probably growth would take a longer time.

Now Bitcoin price changed and it is $6,000   ;D

Bitcoin prices are at a very bad level. now the price of bitcoin has dropped very drastically and everyone is experiencing a tremendous panic. many people are in bad shape and they feel optimistic about the development of bitcoin in the future. but look at the track record that occurred over the past few years, bitcoin prices change very quickly and it is very possible that bitcoin prices will change over the next few days. so it's not impossible to see again the bitcoin price at the 7,000USD rates. we should all be optimistic and supportive because that is what will make the bitcoin price movement even better.