350 USD in August

[electronicash]

You cant say bitcoin would be dead at $350- mark even if it stays at that price for a week. You wouldnt know if it continuosly dump or  just stays  only to that boundary. If the situation in continous decreasse  then it might  there  be a problem in bitcoin that causes to much dump on its price compare to now.

This is not new and this is not something the the Bitcoin community is supposed to be surprised with and I'm not surprised with those who keeps on spreading FUD. It doesn't need rocket science to check the history of Bitcoins rate for the past few years and seeing the price go down or drop even further than expected is not new. We should be used to this news.

There has to be a reason before that happen though. most of the time, exchanges site goes gox or maybe Craig once again.
Its those major news that usually the cause for the drop.

[1715105886]

1715105886

[1715105886]

1715105886

[1715105886]

1715105886

[1715105886]

1715105886

[Sanguintan]

You cant say bitcoin would be dead at $350- mark even if it stays at that price for a week. You wouldnt know if it continuosly dump or  just stays  only to that boundary. If the situation in continous decreasse  then it might  there  be a problem in bitcoin that causes to much dump on its price compare to now.

This is not new and this is not something the the Bitcoin community is supposed to be surprised with and I'm not surprised with those who keeps on spreading FUD. It doesn't need rocket science to check the history of Bitcoins rate for the past few years and seeing the price go down or drop even further than expected is not new. We should be used to this news.

There has to be a reason before that happen though. most of the time, exchanges site goes gox or maybe Craig once again.
Its those major news that usually the cause for the drop.

There is no sign of the big exchanges goes gox. The lower price now is just the direction of money flowing to Ethereum.

[Xialla]

ethereum...

sorry for OT, but can somebody ELI5, why it is flowing to ethereum? I really don't get it, but because I read this as reason almost is every thread, I'm little bit interested what is going on..

[dunfida]

The price of bitcoin is  dropping as of now  but  it wouldnt reach  $350 mark  because its already too low to consider that price would drop like that.  but expect there would be a pump in next  month or years i guess.

[FancyCoin]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

the price really started to decrease in the month of august, but I don't think that it will drop down to $350, I hope that after reaching to $580 it will once again start to increase.

[secone]

A lot can happen but for miners to mine with profit means a price above 400 dollars. So my estimation is that the price will not fall beyond 400 dollar.
No miners mean bad business for bitcoin.

right now after the halving the price must be even higher, i think 600 is the floor price that still gives profit but it cannot go down any more unfortunately

I also think like that, I think the lowest prices will last up to $600, after which the price will rebound and continue to rise until the end of the year. at least hopes to achieve $800.

I wonder if bitcoin can hit 800 usd at the end of august,  As we can see bitcoin price decline as it enters the first day of august.  Would it rebound in the coming day? I hope so but it seems 800 usd is far from happenning but i wish I am wrong about this assumption.

I also do not think it will happen fast in August, but bitcoin always unpredictable when the increase can be very fast.
but indeed this time price fell nearly touched $600, but it is very likely to rebound. let's hope

[bobmarley650]

 

[European Central Bank]

we're not there yet but that's one hell of a call all the same. but when does a rally become a bubble? the last few weeks and months didn't feel like much of a bubble to me.

it was most certainly a bull run but there wasn't any mania that I could see. we'd still be catching our breath if it had been a real bubble.

[Wowcoin]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

Yes its coming bitcoin now is dropping so soon reach 350$ many investor now that keep there bitcoin is crying. But many has got happy because they wait this time to drop the bitcoin and buy. So fix emotion now hope it bubble up again to 700$. But i think many investor now they are panic to sell there holding bitcoin.

[23dzmaz]

That was unreal man, the price of bitcoin decreasing so bad and it's really scare if the bitcoin's price will down to $350 in august, i hope it's never happen on this year.

[OrangeSeller]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

the price really started to decrease in the month of august, but I don't think that it will drop down to $350, I hope that after reaching to $580 it will once again start to increase.

well, sadly the price dropped less then 580$ . but I hope it won't reach to 350$ this month. bitcoin price should increase because almost 90% of bitcoin holders believe that bitcoin price will become double after the pricing. and if price drop like that these all will loose their money.

[mafgwaf@gmail.com]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

I think this can possibly happen, because if we see. Bitcoin price is going very low now. But we cant assure that it will happen exactly this month of august. Maybe this will happen in later months

[Dobmaster]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

I think this can possibly happen, because if we see. Bitcoin price is going very low now. But we cant assure that it will happen exactly this month of august. Maybe this will happen in later months

I do not think the bitcoin price will drop to $350. But the price could drop below $500 due to the hack.

[Barnabe]

In my opinion it is mostly due to bitfinex hack, panic is the main motivation behind this fall of price. It will correct to its previous levels in a few days.

[severaldetails]

In my opinion it is mostly due to bitfinex hack, panic is the main motivation behind this fall of price. It will correct to its previous levels in a few days.

I think it depends much on the media and picture they will be drawing of bitcoin.
Since this was not the first hack of an exchange, and the DAO attack is not that long ago, I can imagine that there will be a big image damage.
And that would scare people away from bitcoin. For a longer period.

[Barnabe]

In my opinion it is mostly due to bitfinex hack, panic is the main motivation behind this fall of price. It will correct to its previous levels in a few days.

I think it depends much on the media and picture they will be drawing of bitcoin.
Since this was not the first hack of an exchange, and the DAO attack is not that long ago, I can imagine that there will be a big image damage.
And that would scare people away from bitcoin. For a longer period.

In such time I don't know if medias could be responsible for such loss (remember most people and media don't speak a lot about bitcoin and its ecosystem).

[relq]

In my opinion it is mostly due to bitfinex hack, panic is the main motivation behind this fall of price. It will correct to its previous levels in a few days.

Yeah, it's affect the price of bitcoin so much. The price of bitcoin is goes down right now but i think it will increase again step by step back to $640+

[CoinFoxs]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

I think this can possibly happen, because if we see. Bitcoin price is going very low now. But we cant assure that it will happen exactly this month of august. Maybe this will happen in later months

I do not think the bitcoin price will drop to $350. But the price could drop below $500 due to the hack.

Yeah the price of bitcoin will not be drop to 350 usd because this is very less amount, it is only happen when bitcoin loose their importance in the market. And yeah may price will drop to 500 or below 500 usd but it will definitely increase in next year.

[ASHLIUSZ]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

I think this can possibly happen, because if we see. Bitcoin price is going very low now. But we cant assure that it will happen exactly this month of august. Maybe this will happen in later months

I do not think the bitcoin price will drop to $350. But the price could drop below $500 due to the hack.

Yeah the price of bitcoin will not be drop to 350 usd because this is very less amount, it is only happen when bitcoin loose their importance in the market. And yeah may price will drop to 500 or below 500 usd but it will definitely increase in next year.

Now bitcoin has breached $600, it will test $550, its low before the Brexit vote, the recent price decline is the evidence of a post-halving fallback, and that bitcoin will find support above $500 within a year.

[Doamader]

Bitcoin wont go down the 500 dollars value, miners can let it loose a bit more to get more bitcoins from week hands, but bitcoin price for sure will stay above 600 dollars this year, its just bitfinex hackers news damaging bitcoin.