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Author Topic: How long will it be until the bitcoin price to usd starting decreasing?  (Read 1137 times)
Oralmat
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June 20, 2017, 03:09:48 AM
 #21

When users start to succumb to FUD and start moving out of exchanges in preparation for BIP 148, then the price will automatically drop. But this is just a prediction and I do not know if there is enough support for BIP 148 to push through.

Lol, this is easier than predicting the weather in a hurricane, daily, hourly and within almost every minute there are movements up and down, small very small, but it is there.  So, decreasing Bitcoin value, within seconds, however, the obvious trend is near constant upward long term growth.
ktabb
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June 20, 2017, 10:23:25 AM
 #22

What I mean was how long will bitcoin keep going up in price of USD which is United States Dollars. I was wondering since it seems to be going up like the stock market once was. When something is going good, there is always a bad side to it

I think the market will turn bearish before 2018. Bitcoin is definitely overvalued right now.

btcney
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June 20, 2017, 10:28:28 AM
 #23

What I mean was how long will bitcoin keep going up in price of USD which is United States Dollars. I was wondering since it seems to be going up like the stock market once was. When something is going good, there is always a bad side to it

Yep. When there is something that is so good, like bitcoin price going up so much every single day, there will ultimately be a crash.

Whether or not we have peaked at 2900 USD or so, i don't know honestly. To be honest though, I think that it is much more likely that the market will retest 3k USD, and if it breaks 3k finally it will be able to set a new floor of 3000. If not, then we can see a major outflow of capital out of bitcoin, and therefore generating a pretty big dump.

A lot depends on the UASF on August 1 though. If it goes well, then bitcoin's price could still bring another round of pumps. If not though, bitcoin will split into two, people will look at altcoins, and everything will be a complete mess.
xypos
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June 20, 2017, 11:04:57 AM
 #24

What I mean was how long will bitcoin keep going up in price of USD which is United States Dollars. I was wondering since it seems to be going up like the stock market once was. When something is going good, there is always a bad side to it

Well, nothing will last forever.

The price is stabilizing which could mean either of three things.

- Price is just going to keep hanging around the $2500 region(in my opinion this is going to be the best option available
- Price is going to jump up over $3k, and then come back down again potentially down to $2k
- Price is adjusting once more back to $2k.

If you don't feel confident holding your bitcoins, simply sell any portion of it. That way, you get profit if bitcoin goes up, and your losses are reduced dramatically if bitcoin goes down.
Weatherby
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June 20, 2017, 10:56:54 PM
 #25

Maybe grab the correct chart first...
It's been declining all week...
Is there any specific chart that i could see which will show these negatives. Grin The market is pretty volatile and expect the market to go in  both directions,there will be a time when it goes up and some times i will correct itself,that is how market is and you cannot find a market that goes only up,since OP is looking for a correction,it might happen pretty soon,it depends upon how things will go with the scaling.
raymond541
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June 21, 2017, 10:00:01 PM
 #26

If you are thinking bitcoin will back to $500 Well this time very small chance to drop back down to $500/BTC.bitcoin is now pretty much stable and I don't think bitcoin will be drop from this position to $500.I am pretty much positive this time I saw some people said bitcoin will reach $5000,lets see what will happen in future.
BartS
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June 23, 2017, 02:39:36 AM
 #27

What I mean was how long will bitcoin keep going up in price of USD which is United States Dollars. I was wondering since it seems to be going up like the stock market once was. When something is going good, there is always a bad side to it
In the long term the stock market has gone up, but when it comes to the short term there are bubbles and distortions of the market, that is the way it works, if you think the price of bitcoin is too high then short bitcoin or exchange your bitcoin for fiat and then when the price get lower get more bitcoin by the same amount of money.
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