What is going on with the price?

[Sugetsu]

I thought everyone was going to go balls to the wall after Brexit but it seems the price is stagnant for the past few hours. Call me conspiratorial, but could it be that the price is being kept down artificially? Is there anyway in the bitcoin system to keep track of all transactions and who specifically is doing the selling?

[Adriandmen]

Looking at what previously happend with the price, I think it's mostly fear.

However, I don't think someone can keep the price down artificially.

[SquallLeonhart]

We don't have to worry about the price of bitcoin, as price fell past few days but not again it has started to rise, so price at halving would be definitely high, so try to hold your coins till then.

[Bestwishes745]

Brexit will not harm bitcoin, bitcoin has its main centers in China and Russia, and if Brexit will have any effect then they will be positive and not negative, and the other factor is the halving which do not depend on Brexit.

[Ahab_Hunter_of_BearWhale]

Credit seems to have been positive for silver and gold, so likely the market uncertainty will be good for Btc. Probably just a down trough on the way to the moon, and people are flagging it to an unrelated event as the cause like credit, since as humans we like neat simple explanations : )

[NUFCrichard]

Stagnant for the last few hours!

Is that an oxymoron? It seems like it would have to stagnate for longer than a few hours to become stagnant!  I still see some uncertainty ahead, Bitcoin's price should appreciate in the next few weeks.

[$upermoney]

Check out the charts: https://i.imgur.com/j5OsqZ2.png

Inverse head and shoulders pattern forming, breakout will be within the next 4-8 hours

Mark this post.

[1Referee]

I don't think the brexit has much impact on the price (if any at all). People right now only focus on the day the block halving will take place.

[The Sceptical Chymist]

Things sometimes tend to not react the way you think they're going to.  Everyone is trying to think of how the other person is going to react to news, and you just never know.  I don't know why Brexit is so important anyway--but I'm completely ignorant of politics and European issues anyway.  I don't even know what's going on in my town.

Check out the precious metals markets.  They have definitely reacted in a positive manner, and those are safe haven assets.  Bitcoin I never saw as something you'd want to fly to for safety.

[useless4]

Looking at what previously happend with the price, I think it's mostly fear.

However, I don't think someone can keep the price down artificially.

in my opinion it is surely possible if the person has a lot of bitcoins because then it is possible to move the price

i think the price is pretty stable at the moment so we might expect the price increase to happen soon

[Adriandmen]

Looking at what previously happend with the price, I think it's mostly fear.

However, I don't think someone can keep the price down artificially.

in my opinion it is surely possible if the person has a lot of bitcoins because then it is possible to move the price

i think the price is pretty stable at the moment so we might expect the price increase to happen soon

In theory it's possible, but in order to increase the price with 0.5% a person needs to buy ~250 BTC from the market.

[hasiramasenju]

We don't have to worry about the price of bitcoin, as price fell past few days but not again it has started to rise, so price at halving would be definitely high, so try to hold your coins till then.

my friend has tell to me that don't be worry about these situations and he said i must buying bitcoin when the prices down several days ago because he believe prices will rise up and would reach to $700 again soon and I took his advices with buying more bitcoin and it seems his predictions would be come true because only need $25 to reach $700

[upsidedown75]

I thought everyone was going to go balls to the wall after Brexit but it seems the price is stagnant for the past few hours. Call me conspiratorial, but could it be that the price is being kept down artificially? Is there anyway in the bitcoin system to keep track of all transactions and who specifically is doing the selling?

The price is dropped down by those sellers who feel fear from bitcoin and start to sell their coins as soon as possible, so they put the price lower than what is at the buy section of the exchange so that they sell their coins before that one.

[davinchi]

We don't have to worry about the price of bitcoin, as price fell past few days but not again it has started to rise, so price at halving would be definitely high, so try to hold your coins till then.

Yes, now the price is much better, now we do not have to fear for it, as it is going to rise the brexit will keep the price of bitcoin to increase more, Euro is affected with that but it is also a short term drop, Euro will also come to rise again.

[DavidoAlto]

The price is dropping because there are allot of people who just holding their coins and that is not really great off course.. And
i think that soimething with england has also to do with this enormous price drop for sure.

[Altcoinmoney]

As you can see the price of the bitcoin drops allot and i dont think that has something to do that we are not spending allot of coins.
But i think that england has something to do with this becasue they want out of the europian union.

[Snorek]

Let's face it. Brexit  is overhyped event and has really little to do with changing any economic equilibrium in Europe. I thought that it will be more impactful as well.
But England won't be out of EU for at least next 4 years. And North Ireland and Scotland both want to stay in EU.

[pissedoff]

The price is dropping because there are allot of people who just holding their coins and that is not really great off course.. And
i think that soimething with england has also to do with this enormous price drop for sure.

People are holding their coins before they expect the bitcoin market price to increase when the bitcoin block halving occurs.

[~Bitcoin~]

The price is dropping because there are allot of people who just holding their coins and that is not really great off course.. And
i think that soimething with england has also to do with this enormous price drop for sure.

I don't agree with Both of your statement, i think correct look as follows ;
1. Holding bitcoin for long term will lower the supply so price will go up.
2. You are talking about brexit, which have only made bitcoin more stable and also i little pump in price after brexit decision.

[randy8777]

Let's face it. Brexit  is overhyped event and has really little to do with changing any economic equilibrium in Europe. I thought that it will be more impactful as well.
But England won't be out of EU for at least next 4 years. And North Ireland and Scotland both want to stay in EU.

people are always looking for things that might shake up the market. while the brexit does affect the stock market and the value of the gbp, it has zero effect on bitcoin. and maybe they will not even leave europe as things are not settled yet.