Bitcoins new trend

[Xester]

Based on the market price trend graph, bitcoin has shown signs of price decrease, as of the moment an alarming decrease has occurred and for two days already it slowly showing the falling movement.

Is this the sign that bitcoin will unfortunately going to continue to go down. This seems a bad news but we hope that it will go back.

Will it go up or fall down more.

[TastyChillySauce00]

price just recovering it self to the stable point,increasing a little bit but continously,so it's basically no selling trend,so it comes to the conclusion that the price will definitely up,nothing to worrying about,after halving just happen,it's seems a bit hard to dump the current prices,but any possibilities could happen

[BitcoinHodler]

nobody knows for sure and can't give you an exact answer. this can be temporary for all we know just like many times below.

i wouldn't worry too much since this is just a small drop and there is $600 resistance on the way.

p.s. move your topic to speculation board.

[Edwardard]

Based on the market price trend graph, bitcoin has shown signs of price decrease, as of the moment an alarming decrease has occurred and for two days already it slowly showing the falling movement.

Is this the sign that bitcoin will unfortunately going to continue to go down. This seems a bad news but we hope that it will go back.

Will it go up or fall down more.

why do you bother others to comment on such a topic ? again bitcoin is showing what it is known for and there is nothing to worry about. we are currently lying at 620-625$ which is not a major decrease from 650$. if it decreases like -60$ or more then you should worry a bit. btw, do you really think that other people's posts in this topic will be really affective or will change the market price ? no, so why to create such threads ? there are already many such topics made daily in the speculation section, so you should post your opinion in those threads instead of increasing more garbage. just my 2 cents!

[Doamader]

Well isnt a new trend bitcoin has always a dump and pump moment, soo this is where some people are able to make their income along the dumps. I wouldnt be scared because bitcoin has just passed the halving moment some days ago, soo till some months to price reach and becames stable will take a bit, didnt you expect that the halving price would keep just growing.

[Denker]

OP you should relax.
On 22nd of june we dropped to the 590s and bounced back up.
July the 7th we dropped to 610 and now we had been down to 615.
So if you have a look at the daily chart it looks like we've tested the bottom a third time now imo since june.
Sure there is no guarantee that we won't go lower but I'm still bullish and think we will move up again soon.

[clickerz]

OP you should relax.
On 22nd of june we dropped to the 590s and bounced back up.
July the 7th we dropped to 610 and now we had been down to 615.
So if you have a look at the daily chart it looks like we've tested the bottom a third time now imo since june.
Sure there is no guarantee that we won't go lower but I'm still bullish and think we will move up again soon.

I think bitcoin drop is not yet on an alarming stage But, even if it drop to $500++ it is a good opportunity to buy. But still as you've said, and I agree, I am also bullish and optimistic that it will recover soon. Hope so.

[facepalm]

What do the professional traders say to this decrease?
When do you buy?

[sempak]

for me bitcoin has become a trend that can not be eliminated. bitcoin has become part of our lives. bitcoin makes it easy and rewarding for every financial transaction we do.

[bitbunnny]

This up and down trend is something that is always present, nothing new. Unfortunately, it can't gow up constantly but I hope it will not drop down too much. But still, this isw.the regular part of Bitcoin life circle that can't be spider..

[HeroCat]

It is just small BTC price decrease. If you remember BTC price go up in June this year from 450 USD to 650 USD. Currently it is USD 628, so it is just crypto market changes and not new trend, in following days we will see what's going on.   

[rekinthis]

Based on the market price trend graph, bitcoin has shown signs of price decrease, as of the moment an alarming decrease has occurred and for two days already it slowly showing the falling movement.

Is this the sign that bitcoin will unfortunately going to continue to go down. This seems a bad news but we hope that it will go back.

Will it go up or fall down more.

there is no huge decrease, you must be new to bitcoins, right now neither drops nor growths are scaring me because if there is a sudden change it is just manipulated

[Amph]

it has to do with one thing, that none seems to consider, the fact that altcoin mining is very profitable, and it is added to the halved block reward, another good portion of bitcoin produced per day

altcoin miner are dumping at least 1000 more bitcoin a day added to those that are produced by the bitcoin chain already, which are 1800

this considering that there are 200k gpu that are mining and each one produce 300-500k satoshi per day, in other words there was no halving at all, there is still a dump of 2800+ coins per day...

[Red-Apple]

Based on the market price trend graph, bitcoin has shown signs of price decrease, as of the moment an alarming decrease has occurred and for two days already it slowly showing the falling movement.

Is this the sign that bitcoin will unfortunately going to continue to go down. This seems a bad news but we hope that it will go back.

Will it go up or fall down more.

this is just a small change in bitcoin, the stability has made everybody lazy and it seems like everybody has forgotten that bitcoin used to change $50 in each swing up or down. now it has been stable for a while and changed only in $1-$5 so everybody has forgotten a while back.

[severaldetails]

Bitcoin is cryptocurrency and volatility lies in their nature.
Therefore a few percent up or down are nothing special. It's simply the way bitcoins are.
Of cours if it happenes for a longer period, even small steps down could cause some crazy reactions on traders side.
But at the moment I do not worry.

[btc-facebook]

I'm also worried for this  !
so I decide convert my bitcoin into some altcoin so I can expand more transaction to achieve more profit. But I've convince my self that bitcoin are risky trading so I know this will happen one day on the future

[NorrisK]

it has to do with one thing, that none seems to consider, the fact that altcoin mining is very profitable, and it is added to the halved block reward, another good portion of bitcoin produced per day

altcoin miner are dumping at least 1000 more bitcoin a day added to those that are produced by the bitcoin chain already, which are 1800

this considering that there are 200k gpu that are mining and each one produce 300-500k satoshi per day, in other words there was no halving at all, there is still a dump of 2800+ coins per day...

But those coins are coming from somewhere.. It is not like those bitcoin are produced by altcoin mining. People buying the coins that are dumped during mining need to buy the bitcoin themselves. So it is basically a 1 to 1 exchange of fiat for altcoin with a slight delay in between where coins are bought and sold.

RSI analysis shows that a sale was bound to happen, probably will not go lower than 550-600 usd.

[Yakamoto]

Based on the market price trend graph, bitcoin has shown signs of price decrease, as of the moment an alarming decrease has occurred and for two days already it slowly showing the falling movement.

Is this the sign that bitcoin will unfortunately going to continue to go down. This seems a bad news but we hope that it will go back.

Will it go up or fall down more.

Typically this is a correction that just has to show the market that we have a place where everyone is relatively comfortable, where the investors are currently out buying the sellers, and the sellers stopped dumping because of the in the value. It may seem like bad news for a while, but in reality I personally think that this is the perfect place to buy. The value is relatively low and will more than likely have a bull run at some point.

[Divinespark]

I think the market needed to correct a little, think the price will be well-supported at around $550 with pretty decent buying interest available below those levels

[xdrpx]

The fall in price isn't as steep. It should hold stable once it reaches a support point from where price may rise again if the markets are good. I honestly feel it's still a pretty good price, but yeah we could expect anything to happen. Also, I think we're still holding strong in $600 per BTC, which is a good sign.