crazyivan
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November 05, 2015, 07:42:31 AM |
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We fall down from $500 just a while ago and when I last checked we are like in $385 .
I have a question here, I am not really good at bitcoin so I just want some explanations or something like that.
Will the price continue to fall or will it bounce again?
Is $500 the new ATH now?
What is causing this?
Does this mean the end of the bull?
Ever heard of pump and dump. If you buy low and push the price up, the only real way to profit is to sell high and dump the price. Economics 101. Also, common logic 101. |
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n2004al
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November 05, 2015, 08:22:03 AM |
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We fall down from $500 just a while ago and when I last checked we are like in $385 .
I have a question here, I am not really good at bitcoin so I just want some explanations or something like that.
Will the price continue to fall or will it bounce again?
Is $500 the new ATH now?
What is causing this?
Does this mean the end of the bull?
Don't wait explanation. All the story of bitcoin has one name: volatility. At exception of the last 10 months when its price was almost stable all the story of bitcoin is up and down. The reason: Immature currency, no Central Authority to help it to be stable, short life in the market and very few spread in the overall population are some of the most important. In other words: bitcoin is yet a "innocent child currency". |
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1Referee
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November 05, 2015, 08:28:51 AM |
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We fall down from $500 just a while ago and when I last checked we are like in $385 .
I have a question here, I am not really good at bitcoin so I just want some explanations or something like that.
Will the price continue to fall or will it bounce again?
Is $500 the new ATH now?
What is causing this?
Does this mean the end of the bull?
Big players cashing out huge amounts of coins they have been buying around $200-$250 while a lot people were waiting for the price to move. They made themself millions. I'm not sure when the next rally will start, but I think this is just a short break. I hope the price will go above $400 and not go below it anymore. |
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Miracal
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November 05, 2015, 10:24:33 AM |
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We are not down again. Down was sub 300. We are still strong, and its 400 now btw if you haven't checked. 500 pump was just a few hoiurs thingafter that was probable.
True. The below $300 is usually considered as a low. $500 seems more like an average as the ATH has been $1244 till now. I dont see a reason to panic as it is just the lull before it goes bullish again. |
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hoian0809
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November 05, 2015, 10:30:56 AM |
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seems price goes down after reach 500 and now going down maybe can drop under 400$ this evening  My guess is the main reason behind the recent price increase is people's wish to have a lot of bitcoins at the time of block halving. None wants to sell their bitcoins. If someone does sell its just to rebuy later, more and cheaper. |
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n2004al
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November 24, 2015, 10:27:41 AM |
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No, we were again down until a few days ago. Now there are not few days that the price is almost the same. The interval in which he move or has moved these days for which I am talking about is only 10-15 us dollar. It is a very stabilized price. If will continue in this way we all must celebrate the case. It is a big achievement the increase of price for more than 30%. I cannot desire more. If every month bitcoin do the same thing I can have hopes to enjoy my bitcoins before my going forever from this world.  |
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Hashminers
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November 24, 2015, 10:37:44 AM |
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It wont drop because this month the lowest price was 312 dollar so I doubt it it wil drop. It is stable if you iask me.
Just let home in December will be also stable and increase even more.
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HarryKPeters
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November 24, 2015, 10:49:25 AM |
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The price went from 240 to USD 500 and is now corrected.
The market things 320 is a good price to buy and sell.
So for now it is the new BTC price.
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niktitan132
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November 24, 2015, 10:57:46 AM |
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The price went from 240 to USD 500 and is now corrected.
The market things 320 is a good price to buy and sell.
So for now it is the new BTC price.
That is correct it needed to be corrected after that nice pump. Now we are at a stable 320's it is better than before and it looks like the new floor has been set for now. I'm happy where we are |
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Zaun
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November 24, 2015, 11:04:48 AM |
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The price went from 240 to USD 500 and is now corrected.
The market things 320 is a good price to buy and sell.
So for now it is the new BTC price.
That is correct it needed to be corrected after that nice pump. Now we are at a stable 320's it is better than before and it looks like the new floor has been set for now. I'm happy where we are Yeah this a good price for BTC i don't want to go down than 300 dollar. 300 dollar is a good price as for now for BTC. Well just hope in the future that it still be the same that it won't go -300 dollar. Just increasing even more. |
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Amph
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November 24, 2015, 12:31:26 PM |
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The price went from 240 to USD 500 and is now corrected.
The market things 320 is a good price to buy and sell.
So for now it is the new BTC price.
That is correct it needed to be corrected after that nice pump. Now we are at a stable 320's it is better than before and it looks like the new floor has been set for now. I'm happy where we are by the look of how the market is moving it seems that the next target will be 420 then 520 etc, if they want to maintain the same kind of floor at each point you can expect an unsubstantial increase of 100% like the last one, so next step should be around 700, then fall back to 420? |
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Mickeyb
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November 24, 2015, 12:42:32 PM |
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The price went from 240 to USD 500 and is now corrected.
The market things 320 is a good price to buy and sell.
So for now it is the new BTC price.
That is correct it needed to be corrected after that nice pump. Now we are at a stable 320's it is better than before and it looks like the new floor has been set for now. I'm happy where we are Can't agree more with you! $320 is about 25% increase from $230 - $240 range. That's a very nice increase in the last 6 weeks period. If someone has told me that we will end up this year or even November over $300 after being stuck to the bottom of $200 almost the whole year, I would have taken it without any hesitation! |
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BitsandBites
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November 24, 2015, 01:44:13 PM |
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Just let's agree all that the price of BTC is stable. Because it was the high was 408 or more this november so yeah.
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Denker
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November 24, 2015, 01:53:05 PM |
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The price went from 240 to USD 500 and is now corrected.
The market things 320 is a good price to buy and sell.
So for now it is the new BTC price.
I agree.It seems we've finally found new bottom now. It might become a bit critital in december due to christmas purchases. But that should be it I guess. So I hope with beginning of 2016 we will see a new attempt to reach $400 and of course way more during halving in August. |
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randy8777
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November 24, 2015, 02:28:26 PM |
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Just let's agree all that the price of BTC is stable. Because it was the high was 408 or more this november so yeah.
the high of november was $502. it will probably stay in this $320-$340 range as when it was at $220-$240 for a very long time. |
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Hashminers
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November 24, 2015, 03:14:57 PM |
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Just let's agree all that the price of BTC is stable. Because it was the high was 408 or more this november so yeah.
the high of november was $502. it will probably stay in this $320-$340 range as when it was at $220-$240 for a very long time. Seriously 502 dollar men I have miss that. That is good news than. ( was ) But $320-$340 is good enought for me for this year. I will just look forward in 2016. I am just guessing that it will dubble the money than now. |
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Slark
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November 24, 2015, 03:18:37 PM |
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Are we in the pit right now or bottom will move even deeper? So it is a good time to buy now or we will see even more price drop in the following days?
I am asking because if price would go even lower that this I want to sell my coins now...
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Patatas
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November 24, 2015, 03:24:48 PM |
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First off,this is not the end of bull .This is the part of bull and its completely all right ! As the golden rule of the market says "Prices increases when they demand is high" which says the supply is low of course .If you might have noticed the price went really high when the bitcoin discussion of accepting bitcoins in China by the government was going on .At this point everyone was excited and buying more bitcoins due to which there camea shortage of it and to afford the demands they prices went high .
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Zaun
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November 24, 2015, 03:41:18 PM |
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Just let's agree all that the price of BTC is stable. Because it was the high was 408 or more this november so yeah.
the high of november was $502. it will probably stay in this $320-$340 range as when it was at $220-$240 for a very long time. Seriously 502 dollar men I have miss that. That is good news than. ( was ) But $320-$340 is good enought for me for this year. I will just look forward in 2016. I am just guessing that it will dubble the money than now. That is a shamed that you have miss. That day when it happend I was like 10USD more. Looking every second and when it was at 500USD I just celebrated eating pizza with my own. |
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traderbit
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November 24, 2015, 06:46:07 PM |
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We are down for many weeks now and this is not good for the bitcoin community.
I think that the bitcoin price decline will continue but i am afraid that it will not fall below $300
It's a huge drop from ~$500 to almost ~$300, but chinese exchanges are strong and can bring back at that level.
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