Bitcoin Forum

in 2 or 3 days from now the price will be back to normal because ,in my opinion a lot of peoples are scared  not to lose everything . But it is not a good thing altogether because it will decrease the number of cryptocurrency holders by 5% -15% maybe more ...  tell me your opinion about this . :)

i don't think it will come around so soon. it may take a while and some accumulation before the next rise starts and also it will take a while before price comes back to "normal".

someone who has invested in bitcoin is not going to go away just because a price correction happened. and if someone does really give it up, it is the best thing because we don't want people who are in it for the short term get rich thing.

It will take a week or so, to reach the "normal" 4700-4800 range.

This current scenario will be just the same to the old days of dump and regain back, and those people who buy now will be the one who will get more profits since by this time it is the great time to buy some stocks. And last time I saw as of today the price goes down to 4000$ and now the current one is 4,235$ so profits are been gotten for this early times.

I don't think that the prices will be back to where we were a week ago, but I think they will be stable at a level we have at the moment.
People don't see that big red minus anymore on the price tables. This decreases their panic and their urge to sell.
Everybody who has not sold yet will now think that it will be better not to rush thing and sit this one out.

I'm not sure what you mean by people 'scared not to lose everything'. But yeah, i agree with you. I think though that price is probably not going to recover fully but yet make a drastic rise from where it is right now to around $4500.

I think the main source of funding would be from people dumping altcoins especially ICO tokens, and getting into bitcoin because they realize that bitcoin is still going to be the number 1 crypto, and bitcoin is still legal in China since it is not really affiliated with any ICOs nor is it a platform to issue ICO tokens on.

I'd say that by the end of the week we can see $4300-4500. But along the way expect some corrections. We are already at nearly $4250 which is a pretty good sign that people still have confidence in btc rising.

Before this year august 1st segregated witness and block size increased bitcoin value started increasing enormously but I noticed that time bitcoin price is getting increase effectively in weekends and nowadays bitcoin price increase and decrease same like that. However, value will retain back and reach the next peak value soon.

I don't think that the total number of cryptocurrency holders are going to decrease. Most people are in this for the long term so they really can care less about where bitcoin is headed in the short run even though it does matter too.

The markets overreacted to the news tbh. The central bank of China was already extremely anti-crypto and this wasn't necessarily a surprise. Altcoins such as ETH should have been worse hit and bitcoin probably less affected. This is the main reason why i think the recovery is currently taking place.

How much it can recover is up for debate. Personally i don't think that wewill make a full recovery as in continue the bullish trend that we saw that nearly pushed btc over $5000, but we'll definitely stabilize at around $4300 at least.

well that price was not exactly normal so that we go back to it now!
a price around $4400-$4500 would be more normal for now and price is currently recovering from the bottom back to $4300 which is a good sign for holders and bad sign for all those who fell for the FUD and waited for a bigger drop down to ridiculous numbers!

 Why ? No one can predict the future in exact but if that so it is still good to invest in bitcoin. The price of it is still higher than we expected but we never know, lets just see what will happen after the dump.

OP asked for a personal prediction for the next few days based on logic. Not prediction for a longer future.
My logic is psychology.
I think that the dump is still in the head of the people. Of course they are happy not to see the minus anymore.
But will they immediatelly reenter the market after the shock? I don't think so.
I suppose they will not sell either, because it's not going down any further.
So my expectations for the next few days would be that many people won't make any move until they have that panic feeling out of their systems.
We stay at the level we have at the moment.

nobody is "predicting" the future here either.
this is the speculation board, it sometimes seems like "prediction" and it may very well be similar to it too, but it is never prediction.

we never know but we try to find patterns and do some analysis on them to try and guess the closes possible scenario that can come to pass.

p.s. looking at your comment's timestamp and your last statement you are too late to see that we are already "after" the dump ;)

What does that mean? If people were scared not to lose everything they'd sell as fast as possible to avoid further losses. Your explanation is naive and not based on any actual market theory or logic. How long did it take you to come up with that "prediction"? I'm not saying it's not going to go back to $5000 soon, because it will, but your theory makes no sense.

There's nothing logical about the crypto markets. All driven by greedy people who act out of their fearful desperation. You will all lose everything, including the shirts on your back.

This prediction seems to be pretty accurate so far.

I'm interested to see whether bitcoin can hit near $5000 again, which i would consider as a "full recovery". Currently, we are just above $4500 and seems like we are still going up in a nice bull trend right now. my bet would be that we top out at around $5300 per coin.

I don't think that the number of crypto holders decreased as a result of China banning ICOs. Chinese investors are going to find a workaround sooner or later if they want to invest in ICOs and there is nothing to stop them from doing that.

The price drop in the previous days was only temporary and i'm sure bitcoin prices will certainly leads to a higher direction for the next and woudn't continues to decline. Evident now price movement has leads to high again, and especially later after segwit happening.. most likely bitcoin prices will rising even more higher i guess.

China's ban will not have any significant impact into crypto world as bitcoin is omnipresent every part of this globe but unfortunately the recent down fall was triggered by the panic induced by China's stand on ICOs. The recovery of bitcoin will happen as early as possible as everyone will be eyeing cheaper prices to get into bitcoins regardless of what country will have what stand on ICO or anything else.

I mean to say China's stand will not be a influencing factor for anything into crypto world any more as crypto users are from around the world and not bothering about what one country's policy on cryptos.

Well it's a couple of days since OP made their prediction and the price is at $4535. Not quite at the highs of $4900, but not at the lows of $4100 we saw either. So not a bad prediction!

This same scenario had happened before for so many times and if we study the history of Bitcoin there is nothing to get shocked of. Only those who are really new with Bitcoin can experience some panic and induced with increasing FUD whenever there can be some downturn may give up their Bitcoin in exchange for cash. To people who knows Bitcoin they are just relaxing, sipping some hot coffee and maybe smiling deep inside because they are certain that anytime of the day Bitcoin can rise again...like the legendary phoenix.

Yeah, they would really love to see it, knowing that there are no dump anymore and they already seen a possitive green sign. For many of them, I think they will enter again to the market but not immediately but slowly just for them to watch out what will be their next move.

Many people are experiencing panic sells in recent days, they are afraid of losing their assets. I think the situation has begun to recover, the btc price is now $ 4,671 and soon to be $ 5,000  ;)

If you followed the price action from beginning, this is what has been happening.  If you look at the bitcoin price now the price has gone back normal as you predicted. People will never want to lose money and like while many will not like the sell of  their bitcoin. I have also noticed that since the beginning of the first quarter of  this year bitcoin always make a correction of around 10 to 15% after a serious push.

It is hard to agree or disagree since there are so many definitions of "normal". Let me just ask why will the number of cryptocurrency holders decrease for about 5-15% because of your reason why Bitcoin will be back to "normal". The number of cryptocurrency holder does not decrease, the gradually increase.

Bitcoin price is increasing with stability, so there is no need of getting panic regarding the same. Taking the current growth into consideration, I feel bitcoin to be more strong and the marching towards $5000 has begun. Maybe by the mid of the month we might cross the $5000 barrier.

Even without you personal opinion, everybody who has been involved in the crypto world for a while knows that when there is an issue like this, there is always a bouncing up even higher than initial position and this is yet to  prove otherwise, what is needed is consistency. Anyone who move with the bandwagon and because of that, make some silly decisions will have himself to blame thinking he is cutting losses rather he is making more for selling.

by the logic of things, we will still observe not once the fall of Bitcoin and possibly before the end of the year. Today's fluctuations have occurred regardless of the situation that occurred in China. The fact is that all the indignation of the Chinese government will be beneficial for the crypto currency. I think that each of us is already familiar with this information. But the growth of Bitcoin will still be celebrated and new maximum records will be made.

Maybe new ATH Bitcoin , but I think that we will see below 4000$ to buy more  ;)

I don't consider myself to be an expert in predictions. I don't even get its increasing point and how it increases because I am obviously not the one who made all about bitcoin and definitely I can't predict any situtation. Well,who does? I think it's impossible to predict now that it keeps on increasing the price. I agree with what you said,we should not be panic and yes bitcoin is now getting more powerful or stronger whatever it is. I just noticed how the demandof people is too high for this.

lets see if the price will be turn back into the normal pricing because in russia bitcoin miner their is already banned im not saying that this will become the start of decreasing of the price of the bitcoin but because it will be normal however if they will pumped the coins this week we will see the changes

The price will be normal, and it already turned into normal. But we can't foresee what's gonna happen as we approach to bitcoin hard chain split. The market will be mixed up all, and we'll see several dumps on altcoins.

I think we are just seeing a panic sell because of the news that i think affect almost all who are holding lots of bitcoin.. its just a panic sell that is why i just stay holding my bitcoin because i will lose too if i sell my bitcoin in my vault well right now we are now seeing that the price was recovering fast that i think it is a good sign that bitcoin is strong and they are just decreasing if there is a bad news and people are panic selling.. but i am happy to buy a cheap bitcoins again because of the drop i bought few bitcoin with my salary and already made a profit from $4,100 and now with $4,600
Hope that the price can be hit until $5k

No, you don't need to scared about it, it is normal up and down or and also i am disagree with you that holders of crypto currencies are decrease as you mention 5% to 15%, WHO said you?
You know when bitcoin price go to high then mostly holders start to sold their bitcoins and in this moment bitcoin price go to down, but when you will see later on bitcoin price go to up then people hold their bitcoin, So it is circle and it is continue every time. Now you should see bitcoin has started to go up.   

yes one of the reason are when they have heard about how chinese government ban the ICO and it is actually a little bit affected people decision on how they hold bitcoin , especially a newcomer and several chinese bitcoiner, although the news not really fatal.

just look at the chinese market thesedays there are so poor compared to any other exchanges, people worry about that but not with today , it is in backup.

In my opinion, depends the demand buy Bitcoin on market, if you check more supply than demand buy Bitcoin, that is time for you should sell your Bitcoin before the price of it drop down. You can check it through exchange or some tools trading check volume, history trading ...

It is difficult just to predict the price of bitcoin from logic for the next to days. News or even fake news could through logic over board as you saw the last days after the news about china. But there is a big chance that btc will follow its direction from the last years. It will touch the 5000$, I think.

i was totally right ! :D

Just a guess, don't have any source. If there will be a next fall, price would go below $4000, like $3800 or $3900 base on my logic but of course I could be wrong. Then it will quickly recover again and will back at $4400.

With the currend FUD (News about shutting down local exchanges in china)  Bitcon price might get some dip.  but as soon as people learned about the news is not real, the price will immediately recover, there might be some existing correction from the previous uptrend so I think we wont be seeing any rise in price this weekend.  Unless some amazing news comes out, we will stay on the current fluctuation range of Bitcoin.

With recent ban on ICOs and current consideration of the government to ban exchanges in China (the information is based on one single report, so might be a FUD spread) we will be seeing the price dip a lot, but can expect it to recover in few days after everything settles down.

I think after few days from now it will be all ok and price will recover and increase back.. it is just a simple spreading of bad news that honestly we don't need to be worry like the other said it is just a china not worldwide we can still exchange bitcoin in other country if you are living in china like the new thread that we heard in speculation that there is an exchange site that giving you $500 discount well much better to grab that discount and buy more bitcoins so that we can get more profit..

It has been a few days since the banning announcement but the price hasn't got back to normal and now there was news say that some country going to banned the exchanger and the price going down again, seems like it is going to take months before the price can stable and normal, but surely Bitcoin price will go up again just need more time

Chinese exchangers, not all of them. And bitcoin price is 4400 dollars its not bad, yesterday it went to 4700, that is close to 5000 dollars. Price is holding good, this are unexplored territories for bitcoin, price is higher then ever and bitcoin proved that can hold high value. Yes it needs time for higher price, bitcoin needs to settle here first for a while and then we will see rise and that will happen before new year.
I'm reading about that new fork in November, I don't like that and I read many different opinions about it, will it happen or not no one knows, but that can give a new boost to bitcoin like it happen on 1 August.

China has become the biggest source of bad news for Bitcoin and the main reasons for the market reactions. Bitcoin is right now traded below the $4,000 mark within China and people in there must be feeling some FUD so they are selling low. Well, it can also be a good opportunity to be able to buy more Bitcoin at a lower price. Hopefully, by next year things can get better for Bitcoin as 2017 is its big challenge.

Bitcoin's market value changes from time to time. As I've observed, dumps and pumps are turn taking respectively such that if there'll be dumps, eventually pumps will take place, and vice versa. Usually, after the dumps, a week after, pumps will take place on it market value and that's part of its volatility. Fluctuations are already expected. Bitcoin is volatile because it is an open source system, has no physical market value and is decentralized that made it less stagnant.

According to my predictions prices will back up bitcoin again and put in a higher position than now, this thing is going to happen 4 days longer because of the price of the bitcoin now still changed-change $4300, after 4 days may be the price of the bitcoin will return to normal and stable, the figures will go up on. $4700, this would be something good than before the downturn, but remains still at the number $4000 to top ;)

If the price stays above $4000, then it would be good for us. But right now we don't have any assurance about the same price pumping as the period price decrease takes place. In my personal calculation I expect the price to fall as low as $3500 based on the reality in the China's decision. Soon after that when market stabilizes it gains resistance and reach $5000 in a short time.

Or this is begin of big breakdown bubble growth cryptocurrency from 2015 til today.
Almost traders do not think they are live in a huge bubble and it can breakdown anytime.
Profit and money make them forget that, of course still have some traders can keep their greedy and withdraw to FIAT before this worst situation happening.

It's gonna take weeks before we can see its full effect IMO. $3500 is very realistic for a correction base. If it falls below that, more and more would panic sell.