Bitcoin Forum

What you guys think will btc continues it's downward movement towards 5000$ and or it will move up. From start of May it is going down gradually from 9900$ to 5800$. Why it is going so low?? Whether it is the trick of investors or people have lost their interest from BTC??

It will stop at 4k and reverse. I guess/hope.

currently a lot of negative news about bitcoin, one of which is on the issue of exchange and also the regulation of the government also became an important actor in the reduction of bitcoin prices. in fact today bitcoin is under pressure so bitcoin begins to lose the trust of the community. all we have to do is continue to give trust to bitcoin. use bitcoin on a regular basis and it will make public confidence increasing.

prices will continue to fall further in the next few weeks, but I think this decline could be a cross your finger in the future, because in my opinion there will be many people who would be interested to buy more if the price drops to $ 4000

no problem with a reverse from now  ::)

I think whales/bears use each tiny bit of negative news to dump. No mentally stable person would sell at these low levels.

This year's bottoms are meaningless apparently, and it doesn't seem to be a false breakout at all.

Right now we are on our way to last year's bottom that hovers around $5500 on average. If even last year's bottoms turn out to be meaningless, then no one will be able to point out what the bottom is. We can only wait and see what will happen. It will be an interesting time though, we don't often get to experience 2-way (down is reverse bull run) bull runs, where I am sure that there are people making insane amounts of money right now.

The are so many secondary markets available that we can utilize nowadays, that every up or down direction is worth money.

I would be perfect if we reach bottom as soon as possible. Whatever it will be.  After we reach bottom will be ofcourse a bit of correction as it is always and then up and down and up and down going sideways for long long time until slow growth will start to reach last ATH. And from that moment on just old good hype.

What is sad is that bottom could be reach only mid next year. But I think that is most pessimistic scenario of them all.

Hmm really hitted bottom at $5777 and probably will go further..

The general public have lost interest in BTC a long time ago, that's one of the reason I think the market has failed to recover in the short-term, there's simply no buying pressure...and the current bearish sentiment doesn't help either.

"trick of investors", you mean manipulation? like whales tanking the price? who knows, but these massive dumps don't occur at random.

We all hope that it start reversing form the current situation itself and move quickly to 8k and then 10k and so on. Its being months where people have not seen much of the success or say the green zone of their portfolio and the time has come to turn the things other way now.

I prefer the question: why is it going so slow?

Permabears are against cryptocurrencies. They shill for fiat and precious metals, both controlled by the triarchy of enslavement (State, banks and mega-corporations). Thats why they make predictions of three digits for 30 years.

Since the futures market is the personification of the permabear, this may explain why is it going so slow. We should dive to 2k already and be back to 10k in October.

It hit $5,800 so we are here and this is now the danger zone for some but I'm still confident that we will go up soon.

I wish that we will be back at that time where bitcoin has been near to $10,000 but definitely we'll be there soon.

Too many sell.

No trick is done, it's a domino effect and a manipulation.

It seems to me that no one knows for sure what is happening with bitcoin prices. It seems to me that this is a manipulation but can only be reliably known by the owners of exchanges. They can see from which accounts the orders are coming and their real volumes. I made the decision to go on vacation and not to participate in the auction until the price is restored.

This is total manipulation what we’re currently witnessing.

It is, but it's okay. We can't do anything other than just letting happen what the market movers want to happen. It won't last endlessly. I can totally see a strong rebound very soon where they will trigger a major fomo eruption. There is literally nothing that's causing the price to go down other than manipulation -- what's happening right now is a classic shake out taking place, so I hope that people just hold through and remain strong. Don't feed whales! Next year we'll look back and laugh about what happened and then yet again point out that the long term is the only thing that matters.

i know that it is a commong saying that you can't predict bitcoin but right now it is more true than ever. there is simply no way of telling when this is going to stop. there is no reason for it to drop, there is no real sales, there is no way of telling the real supports and real sell pressure from the fake ones anymore.  the manipulation is at its peak these days.

This downtrend is continue in next week itself and This will grow fastly in next month so we should hold this dip. But some crypto hunters are buying more Bitcoin in this dump and some investors are still waiting for the huge dump. so we don't think the future expectation because everyone afraid in this situation so end of the year we will expect good  result.

It is possible that some big guys aim for $5000. Will he/they be successful? I don't know.
I just know that I will not short from here.
And why is the price going down that slow? Well what do you think is the best way to make people go crazy and leave the market? Slow bleeding and destroy each of their new hope with every little bounce getting hammered.

Everyone that is still in fiat is watching the next guy to see if they push the price a little bit lower so they can get in cheaper. It literally looks like this:

https://cdn.pbrd.co/images/Hrq2gfy.gif

Whoever makes the move first will trigger a FOMO because everyone else will get nervous at missing the boat. Next thing you know and we'll be at $30k+

It will happen, and it will probably go a little bit deeper and then it will go up again, just like if it was a rebounce. So just wait and be patient, fill your bags on this dip

The price crash was caused by some whale dumping on some Korean exchange

The western market doesn't care about what's happening in South Korea or Asia in general terms. The USD markets are leading as always. I don't think there will be a time where this will change.

If people remember, South Korean exchanges were trading at a premium of $5000 months ago. If that market had any importance the western market would follow swiftly, but it didn't and we should be happy with that.

Whales right now can play this market without anything forming an obstacle, and we see where that leads to. Let them have their moment of fame. We can't do anything other than just patiently wait for improvement.

I don't get how it can possibly be a trick of the investors. Nor is it that people have lost their interest in BTC. Most long term holders are in fact still holding onto their coins despite the bear market that is raging on at the moment.

It's just a natural phase of the cycle within BTC - prices are usually overheated after the halving, as the bull market comes. Then as the growth becomes unsustainably large within the market, the bear market sets in, prices dip and correct, etc. It's a temporary thing, and it definitely doesn't mean that people have lost interest or anything like that.

Now, I think that although prices are going to go down further, and $5000 is a possibility; if you're interested in investing in bitcoin you should probably start accumulation now due to the fact that prices are already near the bottom. I don't see the market as volatile in the coming weeks compared to the previous months either. It's unlikely that markets will move back up permanently without further dips down below $6k, however.

We can observe the market now is everything can happen and possible. If in case price goes to that level I think it can survive to increase again. We do not know when is the next stop however, patient and hold can do help.

We are no expecting any future decrease in bitcoin price, but hopefully it will start increasing again from this stage. I think that at this stage the investors are now getting confident to invest money in bitcoin, because bitcoin price has already trading in a low price and very little chances that its price will decrease any more but hope that once again it will start increasing its price.

It will be a big disapointment to a lot of the people here, but we will not stop at 5K. The real goal is $2.500. And we can stay there for years.

Actually bitcoin hit $5800 of price and back to 6k again this time is so volatile and we can so sure what the next price after this day. I'm hoping that bitcoin to start increasing because even I'm losing my investment in still hoping that the price will be go up. And I think some of people now hit attract to bitcoin because the price is low and they can afford it.

5K will be no real stop. The real bottom will be about 2.5-3K. That is the sad truth for all hodlers and new investors.

With the current situation , 5k is possible. Even bitcoin can go down below 5k$ . We don' t predict bitcoin movements. Almost everything against bitcoin and crytocurrency. We' re losing faith in bitcoin. I bet people here will sell all their bitcoin when the market recovers in ATH. Maybe this is the selection of bitcoin. People who lack persistence like i will be removed from the game  ???

bitcoin prices will continue to fall further in my opinion, this is a whale's tricks to be able to buy on a large scale. I think the bitcoin price point will almost reach $ 4000 before the pour in July and August will start. I think this will be an annual pattern or an annual tradition. that, every year will be like this continues.

The Asian markets always had an impact on the price of bitcoin from the beginning and i am not sure what you are talking about, hope you remember Mt Gox, it is an Asian exchange, even now it is able to manipulate the price by selling the huge amount of coins in open exchanges, remember the Chinese exchanges before they banned everything, there were huge volumes of trade in those exchanges and essentially they controlled the price. :P
The price has popped back up to $6k and i do not mind these drops, consider these drops as an opportunity to get more coins.

Possibly, there is no way to predict the market, in the last few months it has been slowly declining so we could observe a normalization and a regularization, with it reaching 4.5k and stabilizing i would be more than happy

Well, its been hovering above $6K, but we are not sure if the price could go to $5K levels. I think we have reached all-time-lows for this year so its time to climb back once again and somewhat recovered around $6500-$7K. Its obvious that regulators are hot on our trail that's why investors have lost so much interest in this market causing the price to free fall. If there's one good news that will sway investors again, I have no doubt that we will bounce back as soon as we can.

The peak of $6256.6 in Bitsamp is higher than any of the previous peaks so we should be retesting $6800 zone soon, the question is, was it enough of a trespass above this resistance to break even or was it too soft and we will keep going down?

In Bitfinex the latest peak is not higher than the previous one for example, this leads to a conclusion: It is too soft, we need a bigger pump to break free from past resistances and call it a recovery, but that graph looks like how markets bottom usually.

Traders getting their pockets full.

no,  maybe a correction of growth rate before it cotinue to increase not a trick from big players or whales , 'cause as we noticed after the fluctuation the price increased back to 6k and as of now it seems to increase more, so must buy now because surely it will not go below 6k again ,

Fuck! Looks like someone did read my post and decided to buy a bunch of coins. Did you see that green candle? Now we have definitely broken these ceilings and we are at $6341, primed for a retest in near $7000 resistance ceilings. Let's keep pushing and we may consolidate a solid bottom. If we can get past $7000, then $10000 is the next goal and that will make it or break it, it it's a break, triple bottom scenario for $5000 again and we'll adjust from there.

That's true it should be the basic mindset of the holders whether it is a manipulation, weakly handed dumping because of fuds, the news and exchange hacking impacts the common thing always happens to the market price, it will definitely be going to have a price rise in just a matter of time to kill in order to profit from these bear markets and crashes, buy the dip if still consider that.

7K is definitely achievable, even 7.5K.
10K? I would not have high hopes about that.

This downtrend is a normal thing in summertime. Price is dropping but nothing big in my opinion, nice drop for people who wish to buy more under 6k dollars. What ever is the reason behind this drop people should use this good opportunity for buying. Price usually starts to rise in August, people should wait for that time before making any trading decisions.
I hoped that 6k is new bottom, but price continued with declining. If next stop is 5k and if that be the new bottom than it would be great, for all of us for such high new bottom and unique opportunity for all of us to buy in that bottom and earn maximal profit at next top.

No. I'm sure $ 6,000 is the bottom. Even the summer period will not break it. But it doesn't make it any easier. The fall of bitcoin in 3 times it is indeed for many a disaster. For me, the price of bitcoin does not matter but I'm afraid that the popularity of cryptocurrencies may decrease and it will take a very long time before bitcoin will return to popularity. Sorry for the lost time.

6k bottom? Hows about it dipping under 5.8k just 2 days ago to register the new all time high for 2018. You can't be sire about anything in this market dude no matter how hard you read charts. Halfway through this year and we're still sliding lower and lower.

It is not possible in crypto market, Already two times it was hit 6k USD in this year and it was move 5.7k USD also but never reach 5k USD. So surely I hope Bitcoin will never hit 5k USD in this year and it will gradually increasing in future. Because some positive response are comes in yesterday so this will grow soon.

Overall, the mood is rather limp and long-term trend is quite clearly downward. Bitcoin is going through a rather difficult period. The holiday season is a period of increased spending, which could play a relatively important role in cryptocurrencies.
Another reason could be the expiration of the bitcoin futures contracts on CBOE. Follows hacker attacks on stock exchanges and regulations. All of these reasons undermine the credibility of the entire sector, and this reduces the interest of investors.

I think it can reach $5k since the problem in the market cannot be fixed immediately and now bitcoin is the one suffering the most so of course $5k is a possibility but lower than that is too much for bitcoin, its worth is not below $5k anymore even over $5k is already too low but to go under that is too much to ask the moment it hits $5k I'm pretty sure it will bounce back and gain the support of more investors.

I don't really think the price will go to 5000$.Now the price is start to increase again,so this is the time to hold and not to worry.If you hold any bitcoin in your wallet,just hold it for further.In a month the price of bitcoin is expected to raise back to 10,000$ and we will get profit for holding.

I don't believe people have lost interest in Bitcoin and in crypto as a whole. It may be just because the disappointment of the market from last year to this year was sad. Anyways the future looks great for the price of the market to get better. We shall bounce back to better prices.

The price has really touched the 5k earlier this week. Current growth is really bad and this is the right time to buy more coins. So invest as much as one can and gather more coins. I just went through coinmarketcap.com. Every coin including top listed coins are really cheap and worth buying. The profit is for sure down the line in December 2018.

Many have thought that $6K would be the bottom yet it already broke the $6K support just a few days again when bitcoin went all the way down to $5.8K. This trend has surprised many since most have expected for the price to be already rising after it is done with correction. Now that the price has gone downhill, it may be expected that the price would jump up this coming July/August but not all throughout till the end of the year. There may still be some bottoms before the end of 2018 but who know’s whether it will go as low as $5K?

No one is clear about the next stopping, this could go downwards or upwards. Everything related to the price move is completely dependent on the market circulation as well as the capital contribution. Hope, the next stopping should be above the $6500 mark which makes the community happy as each and everyone were in need of a price pumping.

The growth isn't bad, you just need to look at the market in a different way. Last year people were willing to hold their coins and even accumulate more, which significantly helped the market move forward. Right now all that is gone. The market has to find a point at which it can bottom out and from there we will be able to look upwards again. It will happen, but it may take longer than people expect, especially so with how people's expectations are high and unrealistic. The good thing about this market is that you can buy the bottom if you spread out your buys wisely. I personally stick to 5-10% buys per time. I will only go higher if I think we reached a price that I consider actually low.

Lol. 

I don't look at charts for crypto, but I do check bitcoin's price at least once a day.  I don't have a clue whether it's going to dip as far down as $4000, but I'm hoping not.  I had been thinking that the bull market that slingshotted it up to $20k wasn't done, but now I'm not so sure.  Then again, I'm not silly enough to think we've reached crypto-Doomsday yet, because after all we're still at $6100.  That's not bad.

That si every single cycle. It cant find bottom if is still hyped as it was at end of last year. Peopel has to belive that Bitcoin wil go to zero. That is onyl way Bitcoin wil ever foudn bottom. So far that si not realy a case. So I belive it will pass quite soem time for taht to happen.

I guess also bitcoin next stop is $5k but that is the last that it will goes down nothing more will happen. The next period will be the time that bitcoin value gets rising.

the price emphasis now makes the mentality of investors who have recently jumped into the world of cryptocurrency somewhat a bit disturbed. but, I do not think they will bother the situation and sell bitcoins at current prices. the price will continue to fall but slowly and will not touch the $ 5,000 mark

I think $5k is too low price for bitcoin. If we look at the market today it is upwards and we saw a little increase in the price today. It is right that in the summer the price doesn’t increase as it is expected but I think in the near future it will raise more and will cross $7000 soon. This first half of this year is not good for the price so far but the second half will be good.

Maybe people have lost their interest in bitcoin that's why bitcoin go down, but I'm glad that it's stop at $5k this is the sign that some investors believe that bitcoin will increase this year so I hope no more dump again and believe the potential of bitcoin.

Not sure which chart you were looking at, but it broke the $6k support sure, but wasn't really near $5k at all. Even then, it bumped quickly back up above $6k where it's been for two/three days now. Again, not saying it won't touch that 5k - I personally am ready for lows that will test and break $4k, but realistically even $5.5k would be the real struggle for the bears over the next couple of months.

Can't argue that most coins look like good value buys right now, when compared to ATHs, assuming that they will again reach them when Bitcoin rallies. But I'm really not sure alts, save the few with use, can really pull the same weight again and again.

You failed! bitcoin bounced around 5800 and now trading around 6300usd.
So next stop will be over 8000 usd in this month and will more following days.

Technically OP hasn't failed at all. Just because Bitcoin confidently went up over $6000 for now doesn't mean we won't be going back lower.

The thing is that without a bullish trigger the price won't be going up high enough to reverse the trend, and as long as we don't see a change in the trend, we can still go far lower than current levels. It might be a time consuming process, but it's not easy say anything of value in a market that's solely controlled by whales and bots right now. The retail influence consistently has become less of a thing with how depressed they are. They can only wait and hope for the price to go back up.

If you are so sure of $8000 then long Bitcoin with 5-10x leverage.

Bitcoin has a special trait. Whenever people expect a more decrease in price after another, it opposes that prediction and go up. When people are convinced it's going to go straight ahead to the worst bottom, it  get backed up to a fine price or where it was previously. 

Value of the Bitcoin reached to 5.8k dollar few days ago, the lowest price recorded this year. But on the next day the price improved a little to 6.1k dollar and this improvement if continues then the price will follow the increase trend. This increase trend will lead us to a high market so wait for the real time and hold your investment till the end. Do not think that the market will not recover; it will be recovering as we have seen its recoveries many times in the past.

It is possible but not sure because the market today on 26 June is green and the price increased about $100. It holds $6000 for long time, it means that now it is the time for pump in the price and there will be no more dip in the coming days. So be optimistic about the future and don’t be panic about the current situation. It is for the time being.

Usually the dip happens in December or January, I think it has been the case in the five previous years.

Lol four in your dreams stop this dude because today is a great day sitting at $7,460 and still slowly growing all your negative thoughts wasnt happening this days and will never happen till this year ends.

No stopping at below $6,000 and bull are just in the corner waiting for the run.

If you both want to profit?then buy bitcoin now before its too late

Although I'm not very comfortable with the fact that the BTC has fallen to $5,000 again, it's quite possible that things are going that way and hopefully the BTC will hold up at $7,000.