Bitcoin Forum

From the information I read, the price of Bitcoin dropped below $ 6,300 due to several factors, including:
1. The increase in sales volume among investors with a large value.
2. Hacking several exchanges by hackers in Japan and Korea, which causes chaos in the crypto value.
3. Declining purchase value by investors, as a result of the current world economic crisis.
4. The application of trade tariffs by the United States to Europe and China which caused chaos in the world economy.
Perhaps this is a consideration for many investors to temporarily suspend their investments that make the cryptocurrency market less in transaction volume resulting in a worsening of the price of bitcoin,
Of course, we hope this isn't too long.

Are you asking or that's what you want to say?

Of course it will recover, we've seen it down many times if you'll check its history. We're still up with those times except you bought it with a higher price.

5800 11 month strong support
6100 3 month strong support

5800=low tide
6100=high tide

6100-20k = temporary waves above the tide (for those with confidence to surf the waves, have fun)

as for the tide over years (climate change)
2016: above $300
2017: above $900
2018: above $5800
expect the tide to rise slowly and expect there to be waves ontop

It will recover of course, cmon your thread so newbie, bitcoin will recover even bitcoin will make new high record, we only need to wait. This is cryptocurresny not just investment. Change your mind, only interested about bitcoin because the price, you must also learn about the technology so if the price down, you not panic

It will always recover mate, only things that we just don't know when will it happen. Though I noticed it also that Bitcoin got dumped its price value again. On this matter I guess, we really need to be patience on holding. Because of the volatility, its hard to trace if its price will increase or decrease. Or it could be sign that Bitcoin are ready to take off now?

This gonna make some buyers even more rush and fastly all in their investment to fiat because they no longer keeping trust to the cryptocurrency.

I am positive thinker in bitcoin but i feel the value will fell down below 6k dollar because until know the demand in the market are not increasing instead many investors fulling out their bitcoin hold because they are scared that the value will continuous decreasing they do not know by selling their bitcoin it may helps to decrease the demand.

Yes. Bitcoin prices hit the bottom of $ 6300. This is a fact and we have to accept it. Investors are no longer interested in bitcoin. The electronic money market becomes silent. Price of altcoin also decreased. Hopefully in the future there will be a miracle to change the bitcoin and electronic money. Governments will find ways to boost electronic money back. Bitcoin prices will rise as much as 2017.

Bitcoin price has been a lot stable than it was earlier. For the past two to three months it has been hovering between the range of 6k to 6.8k.
Such falls are good for traders as they can now buy more. You will surely see the price again rise and be stable at the same level. It will remain the same or go up to 9k till end of the year.
There is nothing to panic. So stay calm and HODL.

Yes, still don't panic in the current situation, because we have long been in the world of Bitcoin. So experience has taught that bitcoin will always recover quickly it is a fact that cannot be denied, if the price goes down there will definitely be buyers who buy bitcoin, so prices will recover and increase.

It is not first time we see bitcoin dropping below $6k, same has happened many times before and will continue happen in future.
Ups and downs may have different reasons, sometimes manipulators do it deliberately but you should not sell panic because price will recover soon

Worry not guys cos we all know that bitcoin will always do recovery. 2 to 3 years from now the value of bitcoin will be doubled or even tripled so just relax and do long term investment. This kinds of dips is just normal when it comes to crypto. Let's just take advantage of this price drop and enjoy our profits in the long run.

Yes, btc had a drastic fall and it's been a long period where btc was not able to surpass the resistance in breaking the $6.5K level and hopefully in the coming weeks it will change the market status of btc. Moreover, btc is undergoing a major adjustment and investors should hold further and just wait for btc to recover soon.

This is just really painful, the movement is either steady or it will just go down, its been a month now, this is bad news for everyone, but not for the buyers, although I think with the price on the low, everything will be hard, and that is why the price needs to go up, its not looking good for BTC, but I still have my hopes up high.

this is just another altcoin dump period where altcoins set new lows and that causes some drama for bitcoin too but the difference is that bitcoin is not setting any kind of "low" anymore it is still above the support line and staying there strongly while altcoins go lower and lower. for instance ETH entered $1xx range again, BCash to $4xx, Dash to $150,... and this will continue to happen until these altcoins reach their real value at a much lower price.

I was expecting bitcoin to rise to a greater price in the month of October. But here we are, it is a new month and we can only hope for the best to happen to the world of bitcoin. I remember bitcoin was able to reach 6.7K  at some point in time in October. Am highly confident that the price would rise.

This is nothing to worry about. So many times that it did happen that bitcoin dropped very low and maybe it is quite alarming to see how you loss the value of your investments. Yet this is a common thing that happen most of the time. Every hour there are movements on bitcoin usage that may have affected such drop but if you look at how bitcoin really have progressed over time, it did stay on the average about 6,000 dollar. So no worries it will eventually go up again in time.

nothing has changed! from last month that this topic you just bumped until today the price has been stable above $6k and is holding there in a pretty strong manner. it is not going to suddenly change just because you hope for it.
what we will have is more stability until it slowly changes and as the slow rise becomes evident the FOMO buyers will come back. there is no possible way to say how long that can last. it can be 1 week or a couple of months.

I will say optimistically, that the condition of bitcoin will be fine and recover soon. Stay in positive thinking and don't panic about negative news circulating outside the home. At present bitcoin is still around the price of $ 6400, and I've never seen it fall below the price of $ 6000 for the past few months.

It was terrible when it was growing day by day, and it was continually increasing. I realized that it had a stable growth rate after all the long-term price adjustments. I look hoping that it will go up to the $ 15,000 mark and this is the milestone it will achieve by the end of December, wait for the blessing.

What is your question about? Bitcoin is moving now $6k+ but ETH is down trend. Bitcoin will move forward from $6k+ to up but it is depending on the market situation. If market sustains its present sitation, it will be upward soon.

The meamang uptrend or downtrend can be seen if there is positive or negative news. the occurrence of positive news will make the price of bitcoin will increase later

there is no assurance also if the market sustain its good value it will follow by the good price, as you see last year the price drops before the market reach the price all time high, I guess that the price today which is 6k plus will sustain until the end of the year.

even though the price of bitcoin falls below $ 6300, the price of bitcoin will rise again and the event is only temporary, my prediction of the price of bitcoin will decline not long, surely the price will return and soon recover, the price reduction is a good time to buy bitcoin below the price normal

I think bitcoin is not doing badly at all  for now based on the situations on ground in the market. There is a support at $6000 and bitcoin has been bouncing off this support and then retrace up. So $6300 is still within the fair price of bitcoin and there is no need to panic for now till when this support would have been broken. I do not think it can be broken this year again because bitcoin has passed the hard times already.

nowadays, bitcoin is dropping down more and more, i dont know what is the cause but it makes bitcoin and cryptocurrencies popularity is dropping and it will dangerous for us

in my judgment, in 2018 bitcoin has a bad price movement, so you don't panic too much. bitcoin is a long-term investment, buy now and hold it until prices recover. believe me bitcoin will recover like at the end of 2017.

You should be used to this bearish market cycles in which many crypto users are very sensitive to some FUD and most of the investors are temporarily avoiding the crypto market making the real demand is slow moving. Hopefully that this current price explode is the start of bullish run so that the confidence of the people to crypto will back.

Yes. Bitcoin is always recover no matter how much down fall it had. We will always have an idea that it will die but its not. Bitcoin is a long term investment let we say it will down this past few months but who know if its still in down fall this month or suddenly rise. We should not to be panic because its normal cycle of crypto. Well I think even though bitcoin is in down fall, it will decrease it s value but it will not vanish.

And it went above 6300 now. Why do people think bitcoin making smallest movements is worhty of news anymore ?
Bitcoin is stable right now, it is not going anywhere and it is fine this way, if you really want to see movements go check out smaller coins they seem to be moving constantly.

However, for now bitcoin is stable and not going anywhere, if it moves 20% to any side than you can definitely say it made something but at this point even a 10% increase or decrease wouldn't make me lift a finger because we are so accustomed to that much movement. Bitcoin needs to either break $7k and above or $5.8k and below to make me really think whats going on.

Bitcoin cash alone just made 50% difference in price recently and ethereum did 10%+ and ripple did 20%+ so why would I care if bitcoin wend down couple percent.

It has recovered up and that is the beauty of this market.  It creates opportunity for both the buyers and sellers to be able to make trading decision every time. To buy at that level and sell when it get up is what makes you a wise trader. However,  the uncertainty in the market is high and that makes it very difficult for those that bought bitcoin above $10,000 to build confident and invest again.  But I strongly believe that in future bitcoin is going to appreciate again and by then you have to sell above whatever price you have purchased.

That's how unique being volatile market have always excitement in there opportunity, luck and sometimes not good. But  in the end those who are patience enough to hold while the price is not preferable, because there's a a high hope that bitcoin will pump and bullish any time.

Bitcoin prices can fall at whatever price he wants it depends on the trader, when the trader is not interested in bitcoin then they can destroy the price of bitcoin and can make the price of bitcoin invaluable so you don't need to be afraid if the price falls because it's already risk of traders.

Bitcoin is always wondering here and there. We can call it a boy who haven’t any relationship with anyone and he is just getting older in problems and solutions simultaneously. Bitcoin never had a safe and smooth journey rather it was a bumpy one. So many fuds so many issues related to this amazing coin. But see the determination, it still rocks.

For how many times bitcoin has been in this kind of scenarios,but after all of those this great coin has reached the highest value of $20,000 last 2017 so i have no doubt about what this will bring in another years.maybe this will not happen this year but in the following years no one can tell.so if you are asking for recovery?for sure this will happen if you can wait ofcourse

for now, that often happens when bitcoin prices rise by more than $ 6500. well, it might be very difficult to make the price of bitcoin stable for now. however, there is now some good news, hopefully this will affect the price of bitcoin at the end of the year.

Not sure what the 'good news' is that you are talking about, but there isn't anything news related that could lift the market back up. Why not accept that we're in a bear market that could potentially take a year or two?

Bitcoin isn't the sub $1000 coin anymore that relatively easily could be bought up with a fair sum of capital. The capital needed to drive the market out of its current bear cycle is way past anything we've seen before.

Even keeping the price around current levels takes a lot more than most people here realize. That's why I am actually surprised with how well we managed to support the $6000 mark like we have been doing all year.

We came from below $1000 last year. Things could have been way worse. ;)

Why the hell did you create a new account to make this post?

Name: Urbex Official
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Date Registered: October 07, 2018, 03:06:42 AM
Last Active: October 16, 2018, 12:52:14 PM

that means you did not bother to know the answer to your question:


friday, November 9:

https://coinmarketcap.com/currencies/bitcoin/

Bitcoin: $6 393,69 USD

The price has not recovered and can stay in that price until next year

The time he posted this one for sure the amount of bitcoin is decreasing, and that’s why he’s quiet panicking. Yes, the current price with bitcoin now is good, though its not totally a bull run but its good to see bitcoin to stay on this level.

So many reasons why the price is dumping, but hopefully its not more on market manipulation because the market should dictate by the buyers and sellers and not just by the whales itself.

Yes of course, the market is indeed following what's the people's demand and not just by those whales. But we can't deny that there are some manipulations happening there but it is not clear to see to our naked eye since it is still a market with lots of people trading. And if bitcoin happens to grow just a bit we do notice that it is somehow getting back again to it's desired price. Hm i wonder how did that happen?  ??? lol