Bitcoin Forum

What do you think guys, will BTC recovers after it's dump to $8,000+ now or mas may dump pang mangyayari.
Also, I check on the news but I can't seem to find any real reason why the price dump.

Share your analysis here on the possible next move of BTC and altcoins.

Good Day mate! Please move your topic here
Bitcoin price movement tracking & discussion (https://bitcointalk.org/index.php?topic=5141736.0)

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I am expecting Bitcoin will dump until it reach $3,000  again. It's way more acceptable to me so I can get many Bitcoins again. Because you know, on the last pump I haven't got much so I wanna get a hold of it as much as I can this time.

Good day too, I think this is a proper thread, I decided to create a new thread since this is a significant one, I want to see some comments on what's their take on what is happening now, it's like a one day big sale in the market where major coins are down 10% and up.

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I bet you, it will not happen again, you just want BTC to dump that low so could accumulate more.
I like to know if there's a reliable news that is the reason behind this big dump today, if anyway could share, it would be worth discussing here.

My friend (Google) told me that there are humours that Bakkt caused this dump. You can see it here, (but still there's no assurance to this yet)

Youtube : https://youtu.be/8XRS0_mDNEs
Article: https://www.newsbtc.com/2019/09/24/did-bakkt-cause-the-10-billion-crypto-market-crush/amp/

If this was really because of Bakkt then you're right for it wont happen this time yet (falling under $5,000).

It's just a normal scene na cause ng normal traders, since wala akong nakikitang reason for a negative side sa mga latest news, actually mga good news pa nga halos eh.

Bakkt is a bullish news, kahit anu pa ang issue sa platform.
Ito pa mga bullish news except ng bakkt news.

Major Bitcoin Mining Firm Gets Conditional Approval for Listing on Toronto Stock Exchange (https://www.newsbtc.com/2019/09/24/major-bitcoin-mining-firm-gets-conditional-approval-for-listing-on-toronto-stock-exchange/)
Germany’s No. 2 Exchange Launches Bitcoin Spot Trading (https://www.coindesk.com/germanys-no-2-exchange-launches-bitcoin-spot-trading)

If may neg news naman, siguro yun yung delay sa ETF proposal which I dont think na mag ccause ng dump.

I’m too shock to see bitcoin on the level of $8k again but let’s see this as an opportunity to buy more bitcoin and wag na wag mag papanic kase baka mabenta mo lang ang bitcoin mo sa mababang presyo. I don’t think BAKKT is the reason of the dump, maybe manipulators are active again para mag create ng panic and makabili sila ng mas maraming bitcoin.

I think the same too. I dont see any negative news in regards with Bakkt discussions. Even though, they (Bakkt) had a slow start from the opening.
I dont see any reliable news about the latest Bitcoin price drop, but what I was thinking is, Its because theres a massive sell off happened. Specially for the momentum traders and short sellers.
I think we're still in good shape, baka makikita natin on the latter part yong impact ng Bakkt.

Hindi naman po sa pagmamayabang pero hindi na talaga ako nabigla sa pagbagsak ni bitcoin. I expect that to happen, kaya na convert ko ng maaga yung btc ko to Php.

Actually, ito yung TA ko na pinagtawanan sa kabila. Dated: September 10.
https://bitcointalk.org/index.php?topic=178336.msg52411754#msg52411754

Slow price increase ang mangyayari nag-aantay lang ung iba ng good entry point.

This would be a great timing for people who want to start buying again, $10K below is a good entry price, the market has been quite stable for BTC in the last months, it dump but it rises again. Now that we see a major dump, I think the reaction of this is the opposite which is the major pump.

I'm not afraid of what has happened for today but I've seen and witness worse than this and until now I still those coins I could have sold at a great amount, but this is our life here, it's very unpredictable, we just have to trust so we will not panic.

If I'm not mistaken, naglaro ang presyo ng within the $10k levels, ni walang galawan dun ng ilang linggo, malaking indication na baka na oversold region ang presyo kaya ganun, trading sideways lang.

Maraming speculation ngayon kung bakit nga ba biglang bumagsak pagpasok ng Bakkt bitcoin future offering. Dahil ang inaasahan ng marami eh aangat tayo ng bahagya dahil inaabangan ng marami na papasok ang institutional money sa market. Pero kabaligtaran ang nangyari, pero expected narin siguro to kasi nga nasa overbought levels tayo. Sa ngayon bahagyang nakabawi na tayo, halos lahat green na naman, medyo mataas na rin ang volume sa ngayon. Mukhang humupa na ng konti, pero ang ganda parin ng presyo ng bitcoin lalo na sa gustong bumili at may puhunan diyan.

@maxreish - nakita ko yang post na yan sa W.O board  ;D, at least nasayo ang huling halakhak, kaibigan.  ;D

Maaga aga pa naman para husgahan ang Bakkt wala pa itong isang linggo, tingnan natin sa short term (mga 1 hanggang 3 buwan) or long term ang magiging impact sa market.

Lahat tayo ay hindi pa rin alam kung ano ba talaga ang mangyayari sa bitcoin pero ang maisisigurado ko lang ay magiging mataaa ulit ang value nito yun nga lang hindi natin alam kung kailan ito magagana ulit pero Im sure na mangyayari ito kaya kung marunong tayong maghintay makikita natin kung ano ba talaga ang makikita natin in the future pero sa ngayon dahil pababa ang altcoins at bitcoin makiramadam tayo kung kailan ulit tayo bibili.

Ang next target ni bitcoin if dumo continue is around 7500 and this is the second buying opportunity kaya abang abang na but if bitcoin hold its current peice which is $8000+ my possible syang mag change ng direction into uptrend since malapit lapit nadin ang halving, we all know what will happen in the recent halving that cause a good movement uptrend kay bitcoin.

As was expected by other groups, magkakaroon talaga ng slight retrace back to $8k or even lower bago tayo dumating sa hype season ng paparating na halving in 2020. Slight pullback pero we’re still in the greens if we’re comparing 2018 price levels than today. Bakkt’s launch is kinda lackluster pero expect that it will gain traction in the coming weeks, lalo na pag may mga big players nang nakasali doon. For now, I’d say na magandang opportunity na ito para kumuha ng murang coins along the way.

Ang pagbaba ng presyo ng mga coins talaga ay isang magandang senyales sa pagkuha ng mga coins sa murang halaga lamang.
Alam natin kung baba pa ang coins ngayon ay mas malaki ang kikitain natin kaya hindi lahat sa pagkakataon kapag bumababa ang bitcoin or maging ang altcoins lamang ay hindi na maganda ang kalalabasan dahil mayroon pa rin namang magandang dulot ito.

Will BTC recovers? Alam mo na siguro sagot dyan.

Honestly, expected na ito dati pa pero lamang sympre ang pagiging optimistic. Considered as strong wall support nga ang $8,000 back when nag $14,000 ang bitcoin price na dapat around $10,000 ang considered wall meaning that time alam ng lahat na talagang nadala lang sa hype ang pag-angat nung nabreak for the first time ang $10,000 and di malayong magkaroon ng isang malakihang bagsak.

As for me, usual approach lang. Go with the flow. Di ako natingin sa mga pini-pinpoint na dahilan bakit bumaba. Ilan beses na tayo nakaranas ng ganito at mas malala pa.

I agree with you, we should not panic this time as we've seen it many times and proven BTC can rise.
But I'm just interested on what the reasons of the hype during the past few moths, if I'm not mistaken its not the bakkt launch but the libra announcement by facebook.

Based on what I see now is that bitcoin will dumped more below 8000$ between 7000$ to 7500$ then after that it will recover.
But this was just my perception according to what I see in the chart graph. But honestly it is really great chance for us to buy now
don't miss this chance while bitcoin at low price value.

It im not mistaken, its been 3 days already that bitcoin is still bleeding.

Today per Binance exchange https://www.binance.com/en/trade/BTC_USDT, its lowest price in 24 hours is 7750 usd, so it has dump to $7K already but good thing its back to $8K now and hopefully when we wake up tomorrow it will give us a positive surprise.

Sa mga panahong ito hindi pa rin alam natin ang tiyak na kalalagyan ng bitcoin.

Parang kailan lamang ang bitcoin ay nasa $10,000 ang presyo pero after ilang days lang bumaba na ulit ito. Pero hindi ba sumagi sa isip niyo na kapag bumababa ang bitcoin mas maganda rin ? Kasi nga diba mas maliit ang presyo ng bitcoin mas malaking profit ang makukuha ng isang investor  kapag nag-invest ulit ito sa bitcoin.

Pero sana huwag na ito magdump ng magdump baka kasi mamaya tuluyan itong bumagsak at lumiit pa lalo ang presyo nito pero mas maigi na rin kung baba lang ng kaunti pero may limitation tapos biglang taas.

Sa ngayon, nahihirapan din talaga akong magpredict kung ano ang susunod na mangyayari sa Bitcoin kasi kahit yung mga Professional Analysts ay kasukwahi parin sa nangyayari yung mga sinasabi nila pero kahit ganun, na naging mababa yung presyo ni Bitcoin, naniniwala parin ako na makakakuha talaga ito ng ATH price pero hindi natin alam ang eksaktong panahon basta in the future.

Yan lang ang nagpapatunay na ang Bitcoin market ay may sariling tempo pagdating sa kanyang presyo.  Wala sinuman ang makakapagsabi ng susunod na galaw ni Bitcoin, kahit na sa ngayon ang market sentiment ni Bitcoin ay bullish, nakita naman nating biglang bumagsak ang presyo nito.  At isa rin yan sa nagpapatunay na ang Technical analysis ay tulad rin lang ng mga speculation na walang basihan.   Basta ang masasabi ko lang, walang talo kung hindi ibebenta ang Bitcoin at maghintay na lang sa pag-angat ng presyo nito sa hinaharap.

Base po lamang ito sa aking sariling TA na kapag hindi nag pullback sa $9k hangang mamayang madaling araw ang price ni bitcoin yari na deretso ito sa $7550 na support sakto ito sa TA ko noong nakaraang linggo, pero malay natin baka biglang itong magpullback at muling mag pump ang presyo nito.

Basta ako kampante pa rin hanggang ngayon.

Maari din na heto na kasi ang huling pagbagsak ni bitcoin since sobrang tagal natin bago nakaakyat ulit.
Pero ang last price ko ay $7k talaga noon. Nung nakita ko na medyo marami ang nag FUD medyo nakakalungkot na isipin na hindi talaga mawawala yun after ng kahit 1k lang na pagbaba.

Samantalang dati eh, sobrang laki ng bagsak pero mas konti ang nag FUD. Porket may bagong nalabas ay dumami na din ang marunong kuno.

I agree with your technical analysis bro, ito din ang nakikita ko sa aking chart. May tyansa pa na bababa pa tayo sa 7k level at maaari pang magtuloy tuloy kung mabasag ang 7k na support. On the other side, kapag nabreak ni bitcoin and 8k level ay mayroon tyansa na dire-diretso na ang pagtaas nito patungong 10k level at higit pa.

Medyo nakahinga ng konti bro, above $8k na tayo sa ngayon sa baka hindi tayo mag pull back as $7550. Although marami sa tin nag papanic pag bumubulusok pababa at least may chance yung iba na makabili kahit pa unti unti ng BTC sa mababang presyo. So tingnan natin, critical na naman tong mga susunod na araw kung kayang i maintain above $8k or makakakita na naman tayo ng pagbagsak. Siguro kalimutan na muna natin ang Bakkt sa ngayon, kung ito ang dahilan ng pagbagsak ng presyo wala na tayo magagawa sa ngayon nandiyan na yan eh.

Ss totoo lang napakahirap analisa kung anu ang mangyayarinsa bitcoin kase alam naman natin na ang bitcoin ay hindi humihinto sa pag surpresa satin, malay natin pagdating ng december ay tumaas uli ang price ng btc at magkaron uli tayu ng magandang income.