Bitcoin Forum

on bitcoinity. On coinmarketcap it is $3372. It is jumping around pretty quickly.

I call the bottom at $1900 in 5 days before it stabilizes for a least a little bit.

This is still way up for the year. It started out the year under $1000.

$1400-$1600

though that will be the lowest dip. closer to $1800 for the voluminous "level"

Guaranteed not.

(Buy cheap Bitcoin Cash instead!!)

I call $1200 after Segwit2X resolution November.  If there is a fork it goes even lower. 

• China will be selling until all the exchanges close, this will take a bit 
• China won't be buying, so obviously you lose a ton of buyers
• Prolonged uncertainty, HODL meme sheep will start capitulating
• Will take a bit for people to get money out their trezors, etc 
• Veteran buyers will be wary, new buyers will be scared off - Bitcoin headlines
• Downward pressure miners who need to sell and lack of buyers, whales selling

Maybe a shorter period bear market than last time (months) before a more healthy slow build up. 

I'd also add that you can't really compare the price of bitcoin at the start of the year to the price today because each bitcoin at the start of the year has turned into Bitcoin Cash and Bitcoin Core. You need to add the 2 of those together to get the current price. Even if Bitcoin Core was $600 right now, bitcoin would still be up for the year if Bitcoin Cash stayed the same price.

I'd say it touches $2500, but sub $2000 prices would surprise me.

That would be a very loafty amount to invest in. Although the price is going lower than most people thought it would, there is a chance that the price could get to a point where we could purchase some coins around 2 thousand dollars. The price will go up though too many people look like is going to keep dumping their coins since pretty much nothing else is really going on.
The panic sell could bring the price lower to 2 thousand dollars if it happens so this could be an interesting price to begin your first investment –that is, if it happens.

When is it going to recover? I think this is more important than the lowest point it can reach before that. Will it happen within a month? Can btc reach $4500 in the middle of October? What are your thoughts on this matter? Currently the situation look bad even though Chinese don't have a need to sell btc right now. I realize it's a stop of trading on an exchange platform but is there really anything the government said against it? I guess not.

Current price drop is an opportunity for the users to buy low. Importantly for the one who think the past price to be unaffordable because of the increased price. Now every users know how realistic is the need of Chinese market to take bitcoin towards the peak. Hope the growth once again starts to rocket in a short.

Maybe, the news of that being the price drop on Bitcoin doesn’t really seem so bad considering how many other people in the world use Bitcoin.
Though know that I remember that Bitcoin is primarly used for HYIIP’s or whatever their called, the people living in that region might’ve only been trying to send Bitcoins, not make money with them. So, that means that the price of Bitcoin is likely to drop during these days because the people in Chinese websites are shutting down their services because they don’t allow people to participate in ICO’s or Chinese based ICO’s for some reason.

Finally price sliding is moving like what we see in the year 2013. I hope this will recover and settle in pretty decent value with in some weeks. Now really hate the China and JPmorgan who are spreading rumours about bitcoin and legal works done bitcoin. They does not support yet but atleast they should trouble the bitcoin users.

this drop is very crazy. so feels, some people cursed china.
this is what happens, but if we refer to the exchanges. things that happen now are part of the risk we must accept.

I doubt the bitcoin will go up for this year. The beginning of the year is the rise of bitcoin.

"The time to buy is when there is blood in the streets"

Baron Rothschild

I don't think we're yet at the digital equivalent of blood in the streets but this is still a buying opportunity.

It's nice that you all want to call the bottom, but did any of you genius technical analysts call the TOP??

I agree with you i don't see it drop till 2000 it would be very surprising, people got afraid from this week news, but market will stabilise. Chinese will not sell all their bitcoin :)

I got pretty close to it.

Everytime BTC gets to an all time high that is much greater than previous it goes back down within the same day or two days.

Soon as it neared 5K that is when most people have no more fiat to buy in, so naturally the demand goes down while supply stays the same = price decrease.

I also was factoring in that BTC-E dump coming from everyone getting their coins back and dumping them and using the fiat to buy things, so that contributes to it a lot.

Random CHina news just made it go down even more.

Iwas reading my text messages from last week to my buddy telling him to sell 50% now because the signs are showing again that the price is going to go down. I did the same.

Sitting in UDST on exchanges, buying a little bit back in now, and will buy more in once Sept 15th + a few days go by(Sept 15th supposed date of when exchange is open again for everything and tokens given out).

Pricce should continue to go down for a few days or a week after Sept 15th. ETHbig update supposedly by end of month, barring any more bad news, ETH should double or triple within the next 4 to 6 weeks.

Of course, nobody should listen to me, and everyone shoould know there is always random factors at play. The best anyone can do is read lots and lots of news, analyze sell volume data in spread sheets, look at charts, blah.

It's not going to fall below $2000. It feel by 30% in the morning and now its further down to $3200 as people are busy dumping because of the FUD and Chinese ban which was the BTCC ban and not bitcoins. Still the drop seen today was not the case when the news broke out. Today there's something so abnormal in the market and a 30% decline is certainly not the first case. In June-July, it rose by 40% and in 2013, again because of China it dropped by 40% and took 2 years to recover: https://www.washingtonpost.com/news/the-switch/wp/2013/12/18/bitcoin-value-drops-40-percent-after-more-bad-news-from-china/?utm_term=.42890a9361c3

1800

i hope china not make this new only for btc fall very much and they buy a lot off btc and make huge profit

People actually thinking it's going to drop below 2k  ::)

Nah 3000 usd is min from now on. Not lower. It'll raise up to 7000 usd around at the end of this year. That China stuff will make some ppl rich.

The impact of this ban in China has already reached the market. After the currency valuation with the Chinese currency increased by 8%, it is now 5% less, the Chinese monster is already pulling the market down.

Yep, I'm planning to start buying again at 3k and will keep buying all the way down

~2000 or smth like that. That price "jump" in may-august was something crazy. Its abnormal. It just cant grow up so fast. Thats why I think it will go below 3k probably 2,5 or even 2,0k and after that it will rise slowly again. IMHO.

I'm predicting that bitcoin will touch 2000$ by november. I hope it rises before christmas  ;D

bitcoin price movements continue to throw away, it is a big thing when we lose over $ 1500 in a few days. I hope this will not be long and the price will again pump.

This is just because of negative news and it was in retaliation to the upgrade on the Bitcoin network (SegWit). So this FUD too shall pass and BTC will come back stronger at a higher price.

Now prices are seen rising again, in some exchangers the price has reached $ 3500, hopefully this is a good sign and bitcoin prices back stable above $ 5000 or more.

One of the largest bitcoin exchanges in China - BTCChina said that at the insistence of the government will stop trading bitcoin since September 30. Similarly, other Chinese stock exchanges will do likewise. The situation there will be settled, you need to expect a month or two after that. That is, approximately at the end of October and beginning of November, we can expect solutions to the problems that have arisen and further growth of the crypto currency.

If China does ban the exchanges, the US would likely follow sometime later and ban bitcoin exchanges in the US. And, if the US does that, you can expect Europe to follow suit.

Normally the US would lead in this type of situation but China is leading because there are many VC investors in the US who have billions invested in bitcoin companies and in bitcoin itself. They have slowed the work of the SEC. The SEC has declared virtual currencies are securities (as a result of the DAO fiasco) and so the SEC has the power to ban bitcoin exchanges on its own. If China ban or closes exchanges, it opens other countries up to doing it because they don't want to look like they are allowing criminal activity that other countries are banning. If that does happen, you can expect to see bitcoin drop into the hundreds.

If China does close or ban exchanges, I would expect that is just the start of bitcoin being banned by major governments.

Someone logical for once. Agreed 100%

The large trading bitcoin platforms in China said that they will suspend its operation and trading by September 30, 2017. From the said date, I believe that the prices of bitcoin will gradually decrease since its impact on the whole market system may take weeks or months to fully kick-in. I speculate that by the end of November, bitcoin prices might fall around $2000-$2500. This may be the best time to invest and hope that its price might skyrocket again by the end of the year. Do note that China is only one of the many countries who supports digital transactions.

I call it $3000+ and that is it, it will stabilize there and will maintain until the full implementation of Segwit, as there is no wrong opinion here that is only what I feel. Not all of the Chinese investor will invest out their cryptocurrencies as many of them really think and believe that it will get high in the future that is why the large portion of miners is in China because they are good at predictions and math.

Let's hope not to fork or else it will be a disaster for the price of bitcoin or vice versa.

I actually have around 25% on Bitcoin Cash. Diversification is not harmful  ;)

I will admit I was wrong that Bitcoin won't drop past $4,000. Who knew it there would be a tag team effort to bring the price down, but I'm confident BTC won't drop below $3,000. I'm putting more in BTC than I usually do this month.

Are you guys sure it's not a plan for the price of bitcoin to shoot sky high again, cause when it starts falling like this to a certain day,  it raises even times two of its initial price. But, let's just watch and see. It won't go below $1500.

People simply want it to drop that low because they missed out bad.

There will likely be a retrace before it drops more if it drops more again.

many people have missed their prediction including me but this is a good moment for big whales to buy bitcoin in cheap price. but it seems the price is still down and many people still panic to see the price is up and down and down again. i hope that the price can comeback and reach the highest price again. we still have many time to see the highest price, just be patience guys.

Let the panic stay for a little longer. It really won't be bad for the latecomers. They can get benefit from the down trend.

The price of bitcoin will not go down further than 2800-2700 USD. Now is almost at its bottom, it is going to decrease a little the next month and then will start to increase a little. This is the bitcoin evolution for the next two years (increasing little by little). I would be happy for the price of bitcoin to decrease down to 1900 USD but it is very improbable.

and they will be more attracted when seeing the value is dropping that hard, looking back 5-6 months ago btc still in good shape and its really a big jumped
that happen so with this current value we will be able to see more downfall if Chinese continues chasing those exchange that facilitated from their jurisdiction
maybe we will see deeper than what we think.

BTC down to $3100 on coinmarketcap and its not even start of the weekend yet.. holy shit its gonna be worse than ppl predicted

I think that's not going to happen, besides all I can say still hold on to bitcoin then but a huge of it or buy as long as y octavou can afford to buy. Though, bitcoin dumped near closed to 30% average, but no worries.

$3,040 and dropping fast.

2nd Chinese exchange calling for shutter by 9/30.

Having literally JUST entered the market, and set up all my tools to buy, I am quite happy.

Living in China currently as well, $1 noodle bowls on me if I can buy below $2,000!

Here's hoping to an even more epic drop in the next 72 hours.   ;D

Sincerely,

- Stoked Newbie!

For me it depends on the people if they want to dumped the bitcoin because they think that this is a good opportunity to buy at the lowest price but the other side it is also good to hold bitcoin now because they can pumped easily anytime and earn a huge profit.

In my opinion, i'm calling the stable price will be around $2500. I dont really like calling it the bottom though we can't predict whether the market has reach a bottom or top unless it reverse back. But the price surge since july had make bitcoin overpriced, and i think its normal if bitcoin going back to its stable price in july  ;D

Nothing to worry about it, tho (as we can see from the past how bitcoin gone through these kinds of situations). It is even a great news since we can buy and collect bitcoin. I can see this drop to be stable at $3000 for a week or two. After that, expect it to rise up again like a rocket.

This is a very basic concept in economics (specifically the law of supply and demand), my friends. Big whales are joining the bitcoin market, thus making the btc price to drop for a while. The price of any product/service tend to fall when there's a high supply (e.g. more btc owner are selling their bitcoins because of their fear and other reasons) and low demand. Once a lot of people buy these bitcoins for sale, then expect the bitcoin price to get stable (since the supply and demand will become equal). Then when the supply of bitcoins for sale reach its lowest, that's the time that the price of bitcoin will rise up.

Current market price movement is almost the same as 3 months back already but I highly doubt BTC would drop to less than $1800 at least in this year. There's still Segwitx2 to play out and definitely a lot of uncertainty but BTC will stay strong.

We'd been seeing too much speculation at this moment, i doubt what will really the final drop value of btc, but as much as possible I hope it stop now. If it falls too dip, it might gets too late to recover.

We're getting close to a massive rebound.

It can't get below $3000, and in my last check today, it is up to its price again $3764, which means before the week runs out the price might get up to $4000. So,  let us seat back and watch bitcoin gets to the moon.

Pump the price of Bitcoin easily?
I do not know that, do you think the price of Bitcoin will pump easy than dump by FUD?
If easy like your said, the price of Bitcoin will reach to $5,000 or $10,000 in this month, it does not need to dropped down bellow $2,900 in past days.

I don't think that it's going to go that low by any means.

The lowest i think is going to be $2500 at the very worst and probably not going to touch that for this month. Right now the trend is bullish and should continue for the rest of the month. For next month we could potentially see lower prices because of the shutdown of exchanges in China but should not be that much lower.

Minimum should be around $2k, but again i don't think it'll go there even under the worst circumstances.

If it drops below $2k, how long until the big players return, and how high do you think it will go.  Seems to me that Wall Street and the Chinese brought it down, and they will be the ones to jump back in first. Seems to be just a matter of time and BTC will be right back to $4k+.

Bottom shouldn't be that low for this month at least. It oculd be that low next month but this month $3k is going to be the lowest we are going to go it seems. Chinese exchanges aren't going to start shutting down process until the end of this month either.

But i'd say $1900 bottom could be possible next year if the markets turn extremely bearish.

Of course though, it'll be a great buy. Though if it went down to sub-$2000 it should go down further than just $1900, perhaps bottoming out at $1000-1500.

Of course it'll return to $4k+ and it's only a matter of time. Though whether this timeframe is going to be measured in days, weeks, months, or years is up for debate here. I think that $4k+ is probably going to come in the next few months, but it's only going to be temporary.

$1900 in 5 days seems a bit too pessimistic.

If we're talking about the next 5 days i don't think it is likely price is going to go any lower than $3k. If we extend that timeframe to 1 month, then maybe 2.5k is possible. For bitcoin to lose 60% of its value from the ATH will take some serious time and dumping.

I have same opinion in this regard. The lowest value that bitcoins will touch is going to be 2500 dollars at most. However, I think after this dump the prices will become a little stable and make good increments not abruptly. I also want the value to get as low as possible so that I can buy more bitcoins in lesser amount.