The price drop

[tygeade]

i think that bitcoin nowadays never drop its price and now bitcoin increasing its price and bitcoin users much more trusted in bitcoin i think they know that bitcoin is future currency and still hold their currency .

Even if price drops in coming days then I don't think there is anything to worry, as it will again rise in future, so I am trying to buy as much as possible at a moment.

[1Referee]

when Bitfinex drop its price for longer period then people stopped the trust on bitcoin, but now people again trust in bitcoin and  i think that bitcoin nowadays never drop its price and now bitcoin increasing its price and bitcoin users much more trusted in bitcoin i think they know that bitcoin is future currency and still hold their currency .

The price can always drop to such low price levels where the majority of the people here were thinking these price levels would never get hit again. Good example is the +$1100 peak in 2013 and the deep fall to well below $200 in 2015. This just shows.... Never say never.

[hermanhs09]

when Bitfinex drop its price for longer period then people stopped the trust on bitcoin, but now people again trust in bitcoin and  i think that bitcoin nowadays never drop its price and now bitcoin increasing its price and bitcoin users much more trusted in bitcoin i think they know that bitcoin is future currency and still hold their currency .

The price can always drop to such low price levels where the majority of the people here were thinking these price levels would never get hit again. Good example is the +$1100 peak in 2013 and the deep fall to well below $200 in 2015. This just shows.... Never say never.

This peak was insane,i remember it back then,and i was like shocked what have happened with my
30 $ in bitcoin there haha but well bitcoin can still surprise us i think,even when big whales are into it.

[dezoel]

when Bitfinex drop its price for longer period then people stopped the trust on bitcoin, but now people again trust in bitcoin and  i think that bitcoin nowadays never drop its price and now bitcoin increasing its price and bitcoin users much more trusted in bitcoin i think they know that bitcoin is future currency and still hold their currency .

The price can always drop to such low price levels where the majority of the people here were thinking these price levels would never get hit again. Good example is the +$1100 peak in 2013 and the deep fall to well below $200 in 2015. This just shows.... Never say never.

This peak was insane,i remember it back then,and i was like shocked what have happened with my
30 $ in bitcoin there haha but well bitcoin can still surprise us i think,even when big whales are into it.

Bitcoin is full of surprises and anything can happen at any stage either it can reach to the moon overnight or else it can go down dramatically.

[onemd]

when Bitfinex drop its price for longer period then people stopped the trust on bitcoin, but now people again trust in bitcoin and  i think that bitcoin nowadays never drop its price and now bitcoin increasing its price and bitcoin users much more trusted in bitcoin i think they know that bitcoin is future currency and still hold their currency .

The price can always drop to such low price levels where the majority of the people here were thinking these price levels would never get hit again. Good example is the +$1100 peak in 2013 and the deep fall to well below $200 in 2015. This just shows.... Never say never.

This peak was insane,i remember it back then,and i was like shocked what have happened with my
30 $ in bitcoin there haha but well bitcoin can still surprise us i think,even when big whales are into it.

Bitcoin is full of surprises and anything can happen at any stage either it can reach to the moon overnight or else it can go down dramatically.

That might be what it did in the past, but in the future, the bitcoin price will be much more stable.

[Alubert]

when Bitfinex drop its price for longer period then people stopped the trust on bitcoin, but now people again trust in bitcoin and  i think that bitcoin nowadays never drop its price and now bitcoin increasing its price and bitcoin users much more trusted in bitcoin i think they know that bitcoin is future currency and still hold their currency .

The price can always drop to such low price levels where the majority of the people here were thinking these price levels would never get hit again. Good example is the +$1100 peak in 2013 and the deep fall to well below $200 in 2015. This just shows.... Never say never.

This peak was insane,i remember it back then,and i was like shocked what have happened with my
30 $ in bitcoin there haha but well bitcoin can still surprise us i think,even when big whales are into it.

Bitcoin is full of surprises and anything can happen at any stage either it can reach to the moon overnight or else it can go down dramatically.

That might be what it did in the past, but in the future, the bitcoin price will be much more stable.

In the future, when the bitcoin market cap becomes much bigger, it is more difficult for big whales to change the price.

[socks435]

when Bitfinex drop its price for longer period then people stopped the trust on bitcoin, but now people again trust in bitcoin and  i think that bitcoin nowadays never drop its price and now bitcoin increasing its price and bitcoin users much more trusted in bitcoin i think they know that bitcoin is future currency and still hold their currency .

The price can always drop to such low price levels where the majority of the people here were thinking these price levels would never get hit again. Good example is the +$1100 peak in 2013 and the deep fall to well below $200 in 2015. This just shows.... Never say never.

This peak was insane,i remember it back then,and i was like shocked what have happened with my
30 $ in bitcoin there haha but well bitcoin can still surprise us i think,even when big whales are into it.

Bitcoin is full of surprises and anything can happen at any stage either it can reach to the moon overnight or else it can go down dramatically.

That might be what it did in the past, but in the future, the bitcoin price will be much more stable.

In the future, when the bitcoin market cap becomes much bigger, it is more difficult for big whales to change the price.

I think they can be still control it and i think for now they have waiting for something before they can take a move..
For now we still seen the price of bitcoins.. but this is not stable and i think more price will come..

[kwukduck]

Panic kicking in nicely again. It's getting harder and harder to suppress the truth about this failing coin.

[darkmagician]

It will not drop unless we are tired of using it.
No more drop in price ,its so clear that it will go up the way we want to.

[btcmerich]

calm down, it has fallen less then 3% in the last 24 hours . No need to panic. even 10%-15 % is norma with Bitcoin

[Alubert]

calm down, it has fallen less then 3% in the last 24 hours . No need to panic. even 10%-15 % is norma with Bitcoin

That is right. If the bitcoin trade between $650 to $750, there is no need to worry about it at all. It is normal.

[Shiroslullaby]

Panic kicking in nicely again. It's getting harder and harder to suppress the truth about this failing coin.

You're joking right?
There is only one coin can you use to buy Steam games, items on Overstock.com, fund accounts on several major poker sites, and tons of illegal goods on the darknet markets.
In what way is Bitcoin failing?

[hawkins]

calm down, it has fallen less then 3% in the last 24 hours . No need to panic. even 10%-15 % is norma with Bitcoin

That is right. If the bitcoin trade between $650 to $750, there is no need to worry about it at all. It is normal.

if it declines a little, I guess we do not need to panic about it, and I guess we do not have to worry about the price of bitcoin, because bitcoin prices will surely rise. you're right, maybe bitcoin price will be $ 750, but maybe it will happen in a few months, whether it's fast or a long time, but make sure you have plenty of bitcoin when it happens

[MaritiJames3]

Panic kicking in nicely again. It's getting harder and harder to suppress the truth about this failing coin.

You're joking right?
There is only one coin can you use to buy Steam games, items on Overstock.com, fund accounts on several major poker sites, and tons of illegal goods on the darknet markets.
In what way is Bitcoin failing?

Bitcoin eco system is large, there is no altcoin which is even close to competing with bitcoin.
The price drop from 770 was a logic market correction. Bitcoin at this moment has done quite good.

[outatime1]

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

[btccraze2]

there was no drop in price to be honest i think we will only make money

[MingLee]

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

Keep in mind there were some movements and a lot of the value was pushed through speculation about the halving and nothing else. The push back to $660 is kind of surprising in my opinion because of the move that was down to the mid/low $650s. It makes sense that it's back up again, but I guess I wasn't expecting it to be over the course of a day or whatever it was.

[maku]

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

You are right. Bitcoin got really expensive in anticipation of incoming halving, that normal.
But now when we are past halving already and price stabilized some people are unaware that. Therefore they expect another 2nd price spike, which is very unreasonable at this point.
That price shifts Op described is nothing, normal market fluctuation. We now have stable price of ~$650.

[Wind_FURY]

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

You are right. Bitcoin got really expensive in anticipation of incoming halving, that normal.
But now when we are past halving already and price stabilized some people are unaware that. Therefore they expect another 2nd price spike, which is very unreasonable at this point.
That price shifts Op described is nothing, normal market fluctuation. We now have stable price of ~$650.

There is a balance of buyers and sellers at this point and that is good. It means that bitcoin will stay at current prices and will not fluctuate wildly. But if you are looking to buy bitcoin I would advice to wait a bit longer because I expect the price to go down a little. Why? Because there are lower highs in the BTC market. That is a sign that buying is not as strong.

[ASHLIUSZ]

I think it got overpriced before the halving. I'm assuming the price drop was a correction to the actual price. There must not have been demand to support the higher pricing.

You are right. Bitcoin got really expensive in anticipation of incoming halving, that normal.
But now when we are past halving already and price stabilized some people are unaware that. Therefore they expect another 2nd price spike, which is very unreasonable at this point.
That price shifts Op described is nothing, normal market fluctuation. We now have stable price of ~$650.

There is a balance of buyers and sellers at this point and that is good. It means that bitcoin will stay at current prices and will not fluctuate wildly. But if you are looking to buy bitcoin I would advice to wait a bit longer because I expect the price to go down a little. Why? Because there are lower highs in the BTC market. That is a sign that buying is not as strong.

When things are going well, and the fundamentals of a stock are strong, the same process happens in reverse during a price decline, or bear market. Both of these processes run away for a while until they reach enough extreme.
Bitcoin at this point is certainly somewhere in the despair side of the pendulum.