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Author Topic: The crash of BTC price  (Read 588 times)
LeGaulois
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July 29, 2019, 03:32:50 PM
 #41

2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...

that is one way of looking at the market but another way which i think is the correct way is to see it rise from $3000 to $13000 and then fall to $10000. that puts things in a much better perspective compared to only focusing on the drop part.
i personally don't consider anything above $10k to be worrying. $9.6k is a little worrying but since it has been holding nicely i still wouldn't call it a crash. but if we go below $9k and stay there then i would start to worry and call it a downtrend.

I see your point. It could be an argument to consider indeed. But unless someone explains to me why the value started to rise suddenly, with no signal, and on April 1 on the top of that. We didn't see anything coming, we even thought we were going to get lower than the $3,000.
I can't find a rational answer. Bitcoin has been 'lucky' nothing more

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Nazmul012
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July 29, 2019, 05:16:33 PM
 #42

Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next https://cointelegraph.com/news/bitcoin-price-crashes-800-in-minutes-as-bears-eye-9k-support-next

Generally that is not any surprising incident for them who does know about Bitcoin market long. Currently it can be noticed that Bitcoin price is increasing and expected that it will recover its price soon. Moreover it can be said that if this incident will happen hundred times more, then there is no matter of surprising

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July 29, 2019, 07:11:53 PM
 #43

Bitcoin Price Crashes $800 in Minutes...

when we see a $ 800 drop in 15 minutes, we realize that the crypto market is still an extremely dangerous market, having a $ 800 drop in 15 minutes is not something we should look at and say "this is normal" because honestly? it's not normal. Is something very dangerous. Imagine if one day someone have $ 30,000 and that person think, "I need to invest in something safe" and then that person looks at gold and bitcoin, and finds that bitcoin has dropped $ 800 in 15 minutes, will be that person would take his $ 30,000 to invest in bitcoin? I doubt!

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July 29, 2019, 10:03:36 PM
 #44

The current crash provided us bigger opportunities to purchase those promising coins that has been dipping at very cheap price. If you're a person woth high expectations for bitcoin or other cryptocurrency to soar and recover back at higher price, then grab this opportunity while it's not too late.
It is always an opportunity to enter when ever the price goes down and there is nothing wrong in collecting the coins at this price if you have a long term target and you are expecting a much bigger price in bitcoin, i will not invest in bitcoin at this price as i have already invested when the price was well below these valuation and i am happy with the amount of coins i have, for those who are looking to collect the coins it is always good to enter when ever there is a correction.
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