Bitcoin Forum

Hi,

Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?

Jh

I believe it will keep falling for a while, although nobody could tell you for exactly how long.

Yes - this is not done yet

Not with that much fall but I see bitcoin price will still play at the shadow of around $3,000+ which is way more interesting to see because we can see strong support here. If it goes down more then so be it. If it goes up then much better.

About on some altcoins, I don't have some insights yet since my altcoins on hold will be on hold as of the moment and I don't have any plans to dump it yet. Majority of my coins at my porfolio currently plays at a maximum 10% to 20% price decrease which is not alarming based on my own set of things to be considered.

I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.

We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH

You're right, and I think a lot of people are so concerned with the drops because they came in when Bitcoin was at a high. They maybe purchased at 4,000 and so to them, seeing a 25% drop in their investment in hours is very scary. For the long term holders, there is more experience with this type of situation.

What we are seeing is the same effect as a fire at a festival .... people run for the door killing each other....other people see people running and follow even though they have no clue why they are running..... people die due to hysteria not due to the actual threat....  

We are the guys remaining and drinking the free beers at the end :P


That said I don't blame the chinaman from protecting his assets ... China can be quite a controlling and unpredictable country (for us to understand)....

It seems it will continue to fall and there is no indication yet that it will stop. Although it's a good oppurtunity to buy, hope history won't repeat itself. That would affect a bitcoiner like me who only did was selling. Would be fine if it will stay in 4digit.

In my educated guess is that $2500 would be easily achieved when we are in this feaful situation and im still happy waiting for my bur oders to be filled.

What the heck? last time I checked last night we we're still at the $3900-$4100 mark. And I just woke up after a night of all out drinking and prices are at around $3400 wow. Any new FUD?

Is the news about chinese exchanges closing confirmed now? or is it still only rumors?

EDIT: nevermind. Chinese exchange: BTCC has will shut down on September 30 for those who don't know. Charlie Lee was right!

No, i don't expect any more drop for bitcoin.
altcoins is also too general a term for me to give opinion, there should be more specification.

but also i don't put aside the possibility of more drop. i think the safest assumption is that the chances of more drop is extremely small right now. the FUD can not get bigger than this. and you can't expect people to keep selling forever. it stops at some point when they run out of coins to sell and there is only whales left with a lot of coins in their pockets which they bought cheap at the bottom.

Many people had bad feelings that this fall might continue since china Issuing some statement that they will shut off there local exchangers by the end of the month and october so we might gonna fall for 2500$ at piece and if this price would reach then It will be the one of the biggest upset of the bitcoins and altcoins history.

Your categorically right, most on panic now are those who invested on 4000$ price per bitcoin this few months because that money is now at risked for they're owned thinking maybe. But those with holding bitcoin early this year or even those long term holder way back 2015 - 2016. They're not worried at all, most investors are now happy to buy some and I'm sure with that. So, the only solution is to think positive even at this decrease.

Yes I'm expecting bitcoin and alt coins to fall for the whole week or it can go to another round (2 week) fall. And this is like shaking the whole crypto and let the weaklings sell their bitcoins and the whales are now having the chance to buy some more and those weaklings will feel sorry that they didn't hold on as this happened for so many times.

Already the process has gone, the Chinese have tried, it's time to prepare to invest, while others throw off all their savings.

Bitcoin is still falling down....again in last 24 hours it has fallen drastically...it has dropped down by 500USD....dont know how low will it gow down..i hope i become stable soon and start to go up again

it is sad but it actually depends on what news comes out!
it can go either way, although more drop is much harder now that a big drop has taken place. but in the end the FUD news is not yet at an end and it can go either way.

if you want to invest then it is a good time to start getting your money out of your wallet to exchanges in order to be ready to jump in.

As I know, Chinese decide to ban bitcoin on 30 September which causes this massive panic sell.
IMO , bitcoin will bubble again on October especially when segwit is coming on October , no need to sell you bitcoin since other country like Japanese and south Korea , have no issues about BTC

yeah I am now thinking negative right now because of there are lot of people that wants to sell already their bitcoin, it is still continue to fall. I don't know or We all don't know when exactly bitcoin will continue to fall. But hopefully next week bitcoin will have an improvement in its price.

would expect a further downturn, I would like to buy all altcoin for the old save because I want to get rich quick in the coming year when the price to the moon

I agree with that. Nobody knows at the moment.

Bloomberg speculates....

https://i.imgur.com/ynCXB06.png?1

maybe we can reach $29xx for this weeks and some of altcoin will down but i hope there will still other altcoin that trying to survive. if i see in bittrex, there are still many altcoin is going to go up and its unpredicted by many people. but for the coins that is famous and have big fans, the coin is going to down for a while.

Today we have already seen 2,980 dollars for bitcoin and for me it was not a very pleasant event. I did not oppose that the price would drop below $ 3000.
Alternative coins are also very much cheaper.
I hope that in the coming days everything will be restored to its previous positions

There are 2 coins can keep their price on the market now, these are Monero and Dash, best coins for keep our money when the price of altcoins fall down (rate BTC). However, I think we should go to Tether because the value of it stable than other crypto on the market.

Either way, up or down, I 'll keep buying. You can never time the market. No one can.

No, the current drop is just enough for us to buy bitcoins and altcoin. And now, bitcoins are coming back up, it is good signal for the rise of all altcoin.

Here no one can tell you about the down and up in the price of the next coming days or weekend because all these are expectations only and here people can make predictions by only with 50-50% expections in the most of the cases .
Here the best thing for you to go with the most better prediction probability because surity is not available here , so it is better to go with the profit with maximum probability prediction to get started .
Here currently my expectations for the altcoins is for the doge coin which is available currently at price 25 Satoshi , so may be currently the activity in the market of the bitcoin can change the life of the doge market .
And beside of the first prediction , the best another coin is BCH i.e bitcoin cash because it is also at low rate according to expections and can easily get up .
Third coin is Etherium coin which is really available at low price 0.06 btc per Etherium coin .

Indeed in a few days ago the price of any altcoin and follow bitcoin fall further so as to make the price value of bitcoin be weakened temporarily because it is already common. the current bitcoin has reached the number $3800 and I am sure that bitcoin will again rise steadily increased until it reaches the on numbers $5000 and survive till the end of this year.

I don't think it will fall further as it is already starting another bull run and i think it shall continue as long as there aren't further surprises from any regulators around the world. It should break $4k fairly easily.

However, i'm not that bullish about the next few months. Would prove an interesting few months without chinese exchanges, and i think that price may go to sub-$3k.

But in the short term, i think that the fall is temporarily over.

Yesterday there was a turning point and the price of bitcoin began to rise. And within a few hours the whole market of alternative coins came to life. Many of them showed excellent growth. Those people who managed to buy have already made a profit

It has fallen further, but it has returned. bitcoin is so, although it falls so fast, but it will definitely recover. Even, it recovers at a faster rate than ever before. I witnessed that yesterday. bitcoin is really great.