Bitcoin Forum

Bitcoin Technical Analysis & Bitcoin News Today: Bitcoin is right now falling, and will the Bitcoin price go down even more?

https://www.youtube.com/watch?v=tFkg96HmWYY

Classic fear-mongering move. Bitcoin's price has since stabilized by now and has been doing well for the past few hours. If the downfall is indeed continuing, it should have done so up to now yet the thing is it doesn't. A slide towards $4000 is somewhat unlikely since a strong support at $5000 is already in place, with other ones being in $4800 and $4500 respectively. Sell orders have also normalized too, and panic hasn't get the best out of most traders just yet.

Over the years  I have seen how some world class investors, economics pundits and some big banks have criticized the BITCOIN calling it a bubble without any underlying value but a merely speculation and Pyramid Scheme. Perhaps they had to adopt this FUD (Fear, Uncertainty, and Doubt) strategy to protect their malicious empire and ensure their continuous control over the people’s sovereign wealth through policy manipulation, for the fear of new technology being a threat to their bad practice. Hence, instead of telling the truth, they praise the blockchain and publicly denounce the bitcoin. Be wise! 

https://i.imgur.com/VOoXyhr.png

had fallen to $ 5100 and is now at $5300, so answering your question: yes, it can fall a lot if it does not have much demand, this is normal in this market.

Tether Hits Back at Claims Its Reserves Were Used to Cover $850 Million Loss at Bitfinex (https://cointelegraph.com/news/tether-hits-back-at-claims-its-reserves-were-used-to-cover-850-million-loss-at-bitfinex)

we will always see dark days and every time the price increases many days later we have some controversy involving Tether.  if we do not have a lot of controversy surrounding Theter, we'll be fine.

Correction? This wasn't obviously a market correction, but was obviously due to the Bitfinex-Tether controversy. Nice click-bait FUD topic though.

Lol. The stuff people to do to seek attention amazes me sometimes. The manner in which op deliberately capitalized every letter of the sentence was hilarious to observe. This is not 2017 op since there is no inorganic action going on here which is why your FUD tactics won't work.

I believe that there is no historical resistance at $ 4000, so unless there are strong reasons for a drop to $ 3,000, the price will not fall below $ 5000. All that is happening now is a $ 5000 "or 5100" correction.
It's supposed to look at the other side where we were close to $ 6,000.
I have always warned of Tether and I continue to warn against it.

Just For Fun.

first of all, welcome to bitcoin market dear newbie.

secondly open up a chart once in a while before starting a topic. i assure you that looking at charts benefits you a lot more than watching nonsense on Youtube and reading crap on Twitter,...

as it is obvious from the charts tiny drops like this one are one of the most common things that occur with the volatile bitcoin. even if price went down to $4800 it still wouldn't be a "fall" but a mere small correction and price is still pretty much above $5100!

and finally the number "$850,000,000" is pulled out of your behind because you were trying to include a big "scary" number ;) and is meaningless. what was "lost" was a 4% drop in price.

It was a pull back and I don't worry about that. This isn't big issue really on crypto-currency especially for bitcoin. On the other hand we can see today recovering price. Who know, perhaps it was a bounce point. That's why I am always positive with slow and healthy grow. Sudden grow isn't healthy and it would pull back, we already face that pull back. Hope it will bounce once again.

This is another FUD and I don't trust newbies to post this kind of thread against bitcoin bull run this kind of people is trying to push the price down again because they already make a profit from 3k value and sold these days and today they are now trying to spread a fake news to push people to sell their holdings so that they can buy cheap price again.

Look at the image posted by Slow death as you can see there is a huge price drop and rise again and I'm sure those people who buy bitcoin from huge drop are those people who spreading FUD.

Calm down, dropping 850 million dollars in market cap is as insignificant as it gets in bitcoin world. I would like to remind you that it it used to be around 62 billion dollars just couple weeks ago and now its around 92 billion dollars, that is around 30 billion dollars in increase and yet here you are trying to create a FUD about how it dropped 850 million dollars.

Unfortunately for you that people are not that idiot anymore and they know what they are doing. Nobody will believe in these types of discussions of how it dropped and how BIG THE LOSSES are with caps on because we can literally see something that worth over 92 billion dollars in marketcap could drop 850 million dollars and it would mean nothing, that literally happened every single day during the past 2 years.

of course it was a correction. what else would you call a 10% dump in price? FUD might have helped trigger the correction, but many old timers and experienced traders were expecting this correction for good reason already. news often triggers moves that were already waiting in the wings. it serves as a catalyst. in fact, bulls already retested the highs and failed a couple days ago so it was a pretty obvious move.

the question is whether this is just a pullback or the beginning of a move back to the $3ks. the jury is out on that one.

Look the price now it is stable again to $5200 and we don't any reason to panic even hundreds millions of dollars lost because for sure next coming days maybe they have big investors or a lot of investors will try their luck again to invest to the bitcoin and maybe they add trillions of dollars capital.

Lol, enough with this Tether drama. The market just had a normal reaction, but it seems investors is not affected by this news because, to be honest, we shouldn't be affected in the first place.

Now that the correction is done, and the price seems to be going strong at $5300, it's possible to test $5600 and again.

I think the jury is out, we are not going back to $3k levels, on the contrary looking to breach $6k in the next coming weeks.

Not sure if OP is a newbie or a whale being ironic.

Are you causing certain claims for the weak hands to sell again? We certainly got less volatile by the coming end of April and focusing on certain correction I really think this is not it and a sudden movement down drop a sudden movement up is what you may call correction and this kind of drop was not felt by the market and we are just taking it in like a brave soldier because we knew that it is certainly a scratch movement on the price and nothing particular with the correction, dip, and bubble that we may indicate on this kind of movement.

That may or may not be true, you never know with bitcoin.

Had to check preev in case I missed armageddon, but as of me writing this it's at over $5100--so that's not bad at all.  True, it's taken a beating this week but all in all it's still way up.  Seems like yesterday that it was glued at $3500 for months, and viewing the price with that in perspective...yeah.  This is a small correction and nothing more.  There will doubtless be others as well.

damn i just saw this scary topic yet. bitcoin has fallen, is this something new? :) Bitcoin already has recovered more than 50% of the last drop. for an organic grow is a correction needed. you can't expect just the way up. All looking good for higher prices at the moment.

Of course it's a correction. What else do you expect after around a month of bullish rallies?

And even so, I highly doubt that prices are going to go down below $5k this time because there seems to be sufficient support at that level looking from the way that prices immediately rebounded as it got close to $5.1k. The market is also already consolidating and prices even rebounded somewhat yesterday, just by 1-2%.

I don't think the majority of the investor sentiment expects a huge collapse, because most people are still expecting a bullish breakout within the year. People need to realise that these adjustments are completely normal and short term, and happens in all asset classes (not just BTC) when there is are rallies.


Absolutely. Well said.

Not quite, a similar thing happened in November last year when bitcoin was trading between $4300 - $4600 and it appeared there was a strong support at $4000, still the bears broke below that support level and we got to test new lows of $3190. So I'd say don't jinx it.

But that's difference scenario, in my opinion. It was the hash war that brought the price down, and prior to that the price is just trading sideways, and that BSV fork and CSW vs Roger Ver really put a lot of dent on the price because investors are not that confident already.

But right now we have been in a mini bull run. The price has been making gains in the last two months. So the news about this Bitfinex and Tether didn't put a big effect on the price as we have seen right now as it bounce to $5300.

Bifinex did a very big controversy by creating Tether and the latest allegation is just a FUD. Both Bitfinex and the Govt are responsible for the recent dump. Tether news is nor really mean but Bitfinex as a Bitcoin exchange. I see this FUD was mad intentionally to dump Bitcoin and then some people from the Govt can buy some Bitcoin at cheap price. This kind of thing is not a new thing.

The "drop" is just that tether story and that is it, even with that much problem bitcoin didn't fall too much and at around 5300 today so calling bitcoin price a fall is just pure fear mongering like the other guy said.

Obviously, there will be bad stories about bitcoin and of course there will be people who go on television and say bad stuff about bitcoin and there will be wall street journal people who talk about how gold is the way to go whereas bitcoin is just a tech peoples toy or something (really happened) because of two things, there are really old (but good) traders that really doesn't understand what bitcoin is and they have made profits without it so far so they don't really care about it and two people who know what bitcoin is and how it could hurt their profits so they try to make it look bad.

I think bitcoin price drop a bit because the bitfinex and USDT on their platform, and US authorities ask Bitfinex to proove that they have real money back up the USDT, but i think this is just temporary and bitcoin will continue grow.

Really? but the price is showing resistance to $5k. Also, why worried if the price will fall. Pretty sure it will go up again no matter what happen. As long as the price will go up soon, it doesn't matter if it's currently falling, then just wait. What I know is we really haven't completely got out of bear market.

No need too worry about the dropping price, eventually the price will go up if more people invest and use bitcoin, small correction is sign of healthy market condition, so when it's dropping no need to spread fud and create panic sell that could ruin the market , just stay calm and buy more

Exactly one week after the OP posted this thread and shouting that Bitcoin is falling, the price just touches $5800 as per coinmarketcap. So obviously,  there was a healthy pullback because the price goes on another rise after this whole Tether news. So just think of it, if the news didn't come out last week, what would be the price now? We could have been in the $6000 range. So I guess everyone knows that the Tether news brought up positive things, as a healthy corrections and then followed by another buying spree.

This was clearly manipulative news which are made to cause fear, uncertainty and doubt, to make you think that Bitcoin will head lower and to affect your decision and to open your shorts or close long positions. And what we get, shorts are liquidated and longs before this FUD news are stopped. I think that we should not let news good or bad, to play with our emotions and to affect our decisions. Keep your own mind and be careful.

I am already used to some of these type of forum users, who speculate blindly and uses one tool for speculation without using all the available tools, and when I see majority of people going one direction, I don’t join them, I just do the opposite.

Last week, I could see that most poster on this forum were all going towards Bear direction especially when the tether news came and they changed their tone, since I already understand fully how bitcoin performs, I just waited for their panic to manifest little on the market, took the opportunity to buy more when the price dropped, look at me swimming in more profit now with my extra cash. I like the way the panic sell, it makes me richer. Let them continue.

cant you guys see that this guessing thing is not just working, every time you people speak against BTC, it shows the reverse. common, if you people to have anything to say, just keep quite

Most are just saying rubbish and feel that they have the authority to say something. But the truth is, they really don't know what they are saying. I am curious what is the OP's reaction now that btc is going up?

Let us just avoid post like this that usually discourage investors rather than encouraging them, when it comes to facing reality about cryptocurrency or the risk involved, we should focus more on altcoins because they are the ones that can disappoint at any time and not bitcoin.

I am not saying bitcoin does not fall in price, but it falls to rise again and not the way the IP said that it will keep going down, gown to where? Who are the people pushing it down? Me that is ready to stick with mu investment till 10 years? Or whales that have used all their cunny strategies to accumulate enough coin to wait for the bull run, we should speak on fact and not assumptions.

When you say $850,000,000 lost, do you mean to theft, hacking, or lost private keys? It makes no sense to value the market based on market capitalization alone, in fact, I did come across this article (https://www.ccn.com/blockchain-researchers-overhaul-crypto-exchange-rankings) that talks about exchange ranking data, I sure hope they can extend the approach to crypto markets, as per individual coins and their real worths.

Take note, CMC doesn't take into account peer-to-peer and OTC trading valuations. So, such an assumption of loss is essentially flawed.

We call that a Buffalo run like the ancient hunting practise of the Native tribes, fastest way to kill big game is by triggering their instinct to run.    Easiest way to cull a herd that moves together is force them to flee and into a pre arranged terrain with a cliff top waiting, massive amounts of the herd go over falling to their deaths and are killed enmasse with the proceeds harvested for the seasonal benefit of the tribe

Large numbers and hoping people sell into a fall while planning to buy the support nearby is a good way to game a profit.    Its natural for markets to continually do this until its cliche

i think he means 850 m usd lost on marketcap of bitcoins  but i think that was only small when compare to the total market of bitcoin which was billions   . i didnt saw a noticeable decrease today so i think this cannot cause a correction  . what happen instead was only a minor decline  which was still normal  because some people sells thier coins from time to time  .


if he is a hater then his reaction will be bad but if he is one of us that supports bitcoin then his reaction would be great  .