Bitcoin Forum

What is going on? damn

https://bitcoinwisdom.com/markets/btce/btcusd

Ethereum Classic is rising while Ethereum and Bitcoin are falling. I bet the free fall will end today but it might not  ;) join the ride.

It's called stabilizing. The price of bitcoin is gradually moving to a stable equilibrium till the next halving in 2020.

If you bought bitcoins at $600+, either hold till price rises again or exchange for a viable altcoin - wait for its price to rise, sell and make some profit there.

I am guessing the bears are targeting BTC on the back of the closed doors scaling meeting. See the market as well-supported in the high 500's, so don't see a huge slide beyond here

Even I think the same. The price is now stabilizing. Just filling up the hole left behind to get the roots stronger. from 592 USd the price is now 600 USD. It will increase soon. However, the recent fall made few people bearish on bitcoin hence they also are selling. It will take a bit but will soon recover.

Must really be one of the reason as investors see ETH derivative as innovative as they are.
Too bad I only have few ETC this time. I wish I have decided earlier to invest more to it. I could have profit exponentially.

Take it as a opportunity to buy coins again at your considered lowest rate.

Bitcoin Markets is now under pressure following the drop in price and Hash Rate, it's obvious now what to do next. :)

I agree it it's just a good sign to buy.

I wont be worried unless we drop under $500 because anything around
$600 could just be simple profit taking after the huge rise.

it's mostly because before the halving people were holding so this past month we had rise not just because of halving but no one was selling and after the halving you can see that people started to panic sell in fear of a sudden crash this is exactly what is happening now people are panic selling thinking recent drops in value of some alts would reach bitcoin as well.

Yeah, a bit surprised its up 66% today and the most of altcoins also is down but Ethereum Classic rising, well I gues those who made profit from ETC just sold their BTC.

Agree in both post. Yes anything around $600 is just fine. I will considered it as a price crash if we lower to $500. That is the worst case scenario since the rewards has been low.

Yes it was a shocking news hopefully it just a glitch and it will come back to above 600, it quite shocking because i thought that after halving the price is going to up and stabilize in around 700, hopefully in this few days the price is going to bounce back

But coin jumped down. No reason for panic. I think we all have to look at this as to an opportunity to rise our amounts and buy some bitcoins. The price will go up for sure, it is only a moment. Even now I'm looking at bitcoin's price and now it is 629$. So it shows how bitcoin is not stabile, you stayed the comment just couple hours ago and the price is stabilizing already.

okay, about the stabilizing, whether not having a chance for the price will back to the unstable condition before next halving is coming?

But praying for a lot of expectation because, in fact, the price is stabilizing after halving.

Good news to those who want to buy bitcoin. Buy now while it getting low, so when it starting to rise again you can trade it with a lot of earnings. Why the others panicking? Its still high, dont.panick sell your bitcoin. It is going to rise again in a month coz many projects are about to open. More investors are going to invest and more.demand of bitcoin.

YEah you are right. The holders of bitcoins doesn't need to worry. Because almost everything that suddenly goes down will go up eventually. It is just all about timing. Selling your bitcoin right now is not a wise idea because if majority of the people will sell their bitcoins it will really lead to massive  bitcoin price down which the bitcoin holders would never want.

It is just some speculators playing with the trade volumes between ETH and Bitcoin. They waited a bit after the Halving to see what would happen and nothing did, so now they are shifting the ETH, to inflate the sales volumes and other people are following like sheep.

The Bitcoin price will go down, because people might see this as a dump, and the panic button will be pressed by the people who are easily fooled by this. This creates a opportunity for people like us, who are waiting for the price to drop. We like to buy low and sell high. I cannot wait for the panic nanny cheap coins to drop, so that we can buy low.

The price will increase during the next winter.I`m pretty sure about that.

The price decrease is frustrating,but bitcoin isn`t crashing.

People here should stop with those panic threads.

Yes we are crashing but i think its only natural bitcoin have reach another bubble and ETC is gaining traction. for this month i predict it will go down to 550 to 500 a piece.

Nothing to worry about, just keep calm and buy bitcoin , lets see how btc bleed same thing happen last summer, nothing to worry about! just dont hold any shit coins, cause all the market will go down, expect from ETC as it seems with that freaking insane volume!

That is just too bitcoin. You wont know what would happen  ;D It is okay I know it will go back maybe next week or a month later.

It's not like bitcoin is going to crash to 0. The price always fluctuates. When btc price drops, you sell your BTC for altcoins, then sell your altcoins for btc as the btc price increases. Everyone freaks out at the slightest decline, but did we forget why we have bitcoin? To abandon fiat. Are you really just going to sell your BTC, go back into fiat (at a loss) and cry later when price fluctuates back up?

I was actually expecting it to plummet down to 0.002 or maybe even less when the rest of them will to take profit.
There are numbers dumpers who did it, the rest are still waiting whether it will retrace back. once time has passed and yet it didn't, the rest will dump it.  I'm still waiting whether to dump mine too or not.

Please read the previous post, dude. are you just trump up. behind the topic is made by op there is some answer is very useful for another people. it's not making people become a panic but it's giving a more explained about the things is happened with bitcoin for now.

The bitcoin price is around $580-590 at the moment. There is no crash. It actually recovered from $450.

Story is just oppposite right now ETC crashing while ETH and Bitcoin rising again. Money goes from one to another and again viceversa after whales take enough profit.

Bitcoin is not crashing if you are closely monitoring the price of Bitcoin, it's starting to recover and go back to its previous rate. Slow yes, but recovering. Unlike other alt coins, rise one day or two, gone and forgotten after a week or month.

450? it never went so low, even after the hacker and his 120k coin, all it was 550 minimum

In Bitstamp, the bitcoin price crashed to 465.28. But that was very brief. I think the price will be over $600 soon.

thats true, the price is unpredictable, in my opinion nearly anything might happen with it but i think right now the price should grow a lot soon

Price is stable now around 590$ and if it does not occur some negative event like BitFinex there is no reason that the price does not go up .Some people probably sold some of their BTC for the summer holidays so that it may have some small impact on price.In the coming months we should see effects of halving also and hopefully the occasional positive news will give Bitcoin wind in the sails.

the price is fluctuating all the time and i really like it, i think it gets me a great possibility to make a lot of money as i do some trading from time to time

the current bitcoin movement continues to increase. a few days there has been increased. although it was a small but very meaningful. bitcoin is constantly evolving and it brings good news for bitcoin in the future.

The bitcoin price has been around $590 for a week now. There is no further news about the bitcoin, it will stay here again.

I don't see a crash. It is a stable price.

Bitcoin lost like 50$ after bitfinex scam and i think that was pretty cheap to get away from this mess. We could have seen worse if people had panicked. But people realized that exchange hacks have nothing to do with bitcoin itself and they kept their trust with bitcoin.

Exactly even after the price crash we saw good recovery in the price of bitcoin and the best thing is people didn't get panic and continued their trust with bitcoins.

of course you cannot ever know what price is going to turn out to be, in my opinion it wont start crashing any time soon though i hope it will grow

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits.  So a serious miner will just put efforts on bitcoin even the rewards are drop.

first of all, miners are not abandoning bitcoin. the difficulty change at this point is nearly 5% in the green. which means that if this difficulty is what the final increase will be for this period, that we're nearly at the same point as before the previous difficulty adjustment. miners abandoning bitcoin would translate into the difficulty going down and down. not the case, so i am not sure what makes you think so.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

That along with other factor guarantee that Bitcoin is a scalling paradise in terms of $$$.

do you even know how much it costs miners to mine bitcoin? and as long as you don't know this you don't get to give any opinion about profitability of mining for miners and claim "everybody knows that!"

besides the hashrate shows that there are no miners leaving so far and they are happily continuing their project.

occasionally crashes is needed to make the price a little bit down, so many people get the opportunity to buy bitcoin with a fairly low price. and after many buy bitcoin, the price will go up to a high enough price, so that we can sell bitcoin we have. well, that is the thing I had always thought, and I think it is a positive thought  ;D

You are right, saying this is was an crash like a crash in a traditional way, however the price seems to be back on track. On track to 600 dollars which is and was may then i would have hoped for before the crash. It shows that investors like bitcoin and we have finally have a reliable and steady bitcoin.

Good buying opportunity now, I don't think we'll fall much from the current price. Load up guys, don't miss an opportunity to increase your stash whilst you still can.

But you know that the price of Bitcoin was down to $465 less than 2 weeks ago?!
If people haven't used this opportunity to buy a few more coins it's their own fault.
I doubt we might go down again that much more as we already are.Maybe we test again the 580 but I think that's it.

Even if the price goes over $600 I still consider it a more than decent price to buy at. If I look at the sentiment and the buy support on exchanges, then I even think the price might fall a bit lower. Probably somewhere in the range of $560-$570 levels.

the price is not crashing any more, right now it seems that it is going to go up fast

Be prepared for a average price around $600 for a few months, because it stayed at $400 to $450 for a few months before the Halving happened and then it crashed a little with the Bitfinex hack. I

think most of the volatility has worked it self out and we are in for a long boring phase.. until the next big thing happens. Hopefully it will be something good, like a major retailer or merchant or

service accepting Bitcoin.  ;)

It's at $585 now, just bought a little.  Frankly I'd be happy if we stabilized at this price, but given bitcoin's history and its user base, I'm pretty damn sure that isn't going to happen.  We're going to break up or down eventually, and I'm hoping it's up.  Profit is always nice, eh?

No need to panic. The price will rise and fall many times over the coming years. As long as the drop is not huge (like 50% or more) then it will be okay.

Yeah right this is just a normal that the price will go down or up.. we know traders are just following where they can make a profit or how they are makigna profit just to sell and buy bitcoin or altcoins..
The movement of the price of bitcoin right now is not the same as movement price when bitfinex is hacked or down..  this is just the effect of trading activity..

Just think positive ,no one knows what will gonna happen next to bitcoin. But im pretty sure that if we maintain the 500$ price it could go up in the next months

Even with halving and miners profit reduced to half, there is no stoppage of mining. Bitcoins prices are still going up . The people who have setup large infrastructures for mining are not going to give up and it is still profitable to them.

That's all what we are waiting to happen which is the price increase, I think it could happen this year and there is no major crash really as the price is backing up already, it takes a little time before we will sit comfortably to $600+ as the previous price before the fall back.

the profit that miners get from mining has gone up instead of falling back down because of the half reward. because last year with 25 bitcoin reward the price was at 200-400 and this year with 12.5 bitcoin reward the price is 550-650 which is more than enough to make profit.

I am sorry but we have already have seen the major move up happen. It was followed by a fall below $600 because of the Bitfinex hack. Now I do not think that there will be any major moves up or down. We will continue to stay under $600 until the end of this year and some parts of next year.

I think if bitcoin price stays at 600$ till the end of the year without being major pump or dump, it will be good for overall credibility of bitcoins.  We dont want a situation where bitcoin rises to 800$ for few days and then coming back down to 400$ or so.

I am much more optimistic. I believe the bitcoin price will be at least $800 or double last year's price in December.

The value of Bitcoin will be determined by regulation and some other factors which are ultimately controlled by government. I am optimistic, the sheer force of Bitcoin and the revolution it brings to our outdated currency systems will allow it to flourish.

the adoption come with regulation but many people just need to trust more bitcoin and not see hacking attempt everywhere, i think more thna regulation we need security first to have  agreat value in the future

The business related to the bitcoin is not trustable at the moment. For example, the Bitfinex lost 120k due to its own errors, but traders have to bear the cost.

crashing is a big word . you should not use it to describe a normal fall.
the price has fallen %10 approximately last week because of the bad news of bitfinex. it is not the first time to see this kind of fall.

The bitcoin price is not crashing. It is just dropping to $570 now. I think the market hot spot is in the altcoin such as Ethereum and Dash coin.

Yeah and fall was not too high, that can be managed as price again started to rise slowly after that, and I think in next few months price will be much higher so keep on buying at a moment.

Different people have different risk tolerance. I bet a lot sold when the price went from $620 to $500. The opposite can be said of others. While others panic sold during that plummet, there are those who took advantage of the decline. We don't know how long we are going to stay below $600 but what I know is this is a good time to buy and accumulate as much as your budget allows you.

No, not really bitcoin is not regulated in most countries and because of that situation like recent Bitfinex hack can still occur.
We need to impose some serious regulations on crucial bitcoin services like exchanges or payment providers. Without regulation of business bitcoin is financial wild west.

it's definitely a crash look, it's $100 already from when the hack started, so around 15%, this can be called a big drop, and the trend is continuing in a bad way with more bad news that create another panic dump and fud opportunity

thats true, the price falls a bit and everyone screams that it is crashing even though it isnt, i think that the price is soon going to recover after this fall

The problem is that the price falls bit by bit, and going lower for some time. Maybe people are interested in the altcoins now.

I don't think this is causing people to step in into altcoins. They are, by now, fully aware that most altcoins are just pump and dump schemes.

Yeah, I would think that by now everyone will definitely keep all bitcoin they have now and will be back again when prices rose high. bitcoin This is already happening in a couple of years ago and it will not create a disaster. bitcoin system because it is true will always be like this, this is very fun and profitable, too

The price down a bit today but it is not crashing, it is for me just a normal situation for bitcoin and it could be something we can take advantage of, buy now while the price is still low cause once the price will start to rise we might not be able to buy cheap bitcoins.

I would consider a crash when the price drops $100 - $200 and that's not happening now, the price is not as stable as it was at $600+ but the price is falling down slightly and slowly which makes me think that until the end of the year the price can go up to $400.

I'd be happy buying some more bitcoin sub $500.  Anyone else think we might see that level soon?

That is too low. I however think the price might fall to the lower $500's in the coming week(s). If it happens to fall below $500 anyway, then I'll most likely buy some coins, but it will be sad to see the price drop that low.

>Bitcoin @ $592.. we are crashing

It's funnier [and more predictable] than that. Reminds me of driving in a snow storm, as a kid, doing about 80 on an empty highway. My shitty car starts getting crossed up, but sllooooowwwwly... friend comments from the back seat, without raising his voice:
- We're gonna crash, huh?
- Think so.
- Well, nobody behind us.
- I know. We'll be fine.
(Did blow it off the road. Everyone was fine.)

Yeah your right because bubble is happening and it will be a daybreaker if the price will hit again back to 400 value more bitcoin will dump soon or convert into altcoin..

yeah, it is just a small drop, the crash would be if it was dumped to a half price, in my opinion it is good that the price is not just having spikes up

Small drop day after day is very concerning. I just hope it is due to the holiday season so that the interest is low now.

We are already heading back up to $580.
China is already slightly above that level and for now it looks like we are breaking a bearish triangle.
Give it another few more days and with a bit of luck and positive momentum we could be back in the 600s.
So there is absolutely nothing to be worried about.

There is nothing to worry about. Use these little drops in your advantage to buy up some coins. If you play it smart, then you can even buy all the way to the bottom before it's heading up again.

well i guess you are right, i hope though that from now on we will see a decent increase and we will be able to make some good money with bitcoins

I do not see a big rise in the near future. There is no good news to drive up the price. The price will stay below $650.

active traders will love this situation, yeah they only buy when the price fall then wait a little time until the price goes up. actually the price churned that sought by the investors so that they want to put their money in bitcoin.

I would not panic, even if the price fall below $500. but if the price fell below $500 a good decision to buy.
prices fall would not make me panic to sell. because I believe the end of the year the price of bitcoin will rise.

Yeah its always good to buy if the price of bitcoin will goes down but the problem we dont know if the price will decrease or not.. because i believe that bitcoin will stay at this level..

Bitcoin market is very manipulated. Price is slowly pushed down then one day jumps up then slowly pushed down. It will be volatile for a very very long time. I'm going to wait until Bitcoin drops more and then buy and us it to buy other coins. No benefit of holding.

The price today is 569.0 and looks like this week this is the stable price of bitcoin.. and i hope the price will not decrease more soon. we need new site that can accept bitcoin as payment that can be viral so that the price of bitcoin will decrease more soon..

I am not interested in day charts but I do feel that the time for bitcoin to go back to 650 dollar will come soon.
There is no reason that we stay under 600 dollar now. Support can be much higher.