Bitcoins new trend

[Stedsm]

Don't know why people are talking about down trend all the time?
Don't you guys know what happened and why the prices went down?
It was just because of the hack and nothing, let the markets stabilize and it will again start to grow.

[RustNan]

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

The bitcoin's long term trend is to be used by more and more people as it offers better functions than conventional fiats.

thats true, more and more people are into holding bitcoins right now or using it, the adoption is massive and i think bitcoin can only grow because of that

I think the bitcoin price will resume its uptrend very soon. People will forget about the Bitfinex hack soon.

yes i am agree. bitcoin price has to start increasing very soon, as in present tie there is no bad news about bitcoin therefore people are investing money in bitcoin, hope this uptrend will continue for a long time.

I do not think so. The bitcoin price has stalled for a few months now. The $900 to 1000 price can only be achieved next year.

[Doms]

I hate to sound pessimistic but I think we are continuous short term downtrend. We have seen the price rise, only to see it fall back again. We could see the price go lower than $500 if the demand thins out in the next few months. But overall, the upward trend for long term is still very much evident. I'm not going to lose hope of it recovering in the mid $600s or even $700 by the end of the year.

[panju1]

Don't know why people are talking about down trend all the time?
Don't you guys know what happened and why the prices went down?
It was just because of the hack and nothing, let the markets stabilize and it will again start to grow.

It has stabilized quite a bit now. Price has been around $575 for more than a week now.
This is a long time by Bitcoin standards. 

[Blitzboy]

Honestly anytime bitcoin will be down but many investors out there are looking for a cheap price to buy bitcoins again and invest and make a profit when the price is increase. so its normal that the price of bitcoin is down because its unpredictable..

[Labumi]

Honestly anytime bitcoin will be down but many investors out there are looking for a cheap price to buy bitcoins again and invest and make a profit when the price is increase. so its normal that the price of bitcoin is down because its unpredictable..

That's something the right thing and will continue to happen. Because the bitcoin is a currency that has a unstable prices and the weakness of the US can benefit greatly if we can put it to good use. Investment in bitcoin is anything better than having to do a gambling

[virusasog]

Honestly anytime bitcoin will be down but many investors out there are looking for a cheap price to buy bitcoins again and invest and make a profit when the price is increase. so its normal that the price of bitcoin is down because its unpredictable..

Yup it's unpredictable but price is in the way of going up only. You have to check the speculation thread properly and in future years bitcoin has the great potential to reach more than 2k by next year.

[jerowacik]

Honestly anytime bitcoin will be down but many investors out there are looking for a cheap price to buy bitcoins again and invest and make a profit when the price is increase. so its normal that the price of bitcoin is down because its unpredictable..

correctly . Sometimes we can not think what is desired by others. we may want prices to rise. however, some people even want the price down. This is becoming a differentiator for traders.

[Denker]

Don't know why people are talking about down trend all the time?
Don't you guys know what happened and why the prices went down?
It was just because of the hack and nothing, let the markets stabilize and it will again start to grow.

It has stabilized quite a bit now. Price has been around $575 for more than a week now.
This is a long time by Bitcoin standards. 

Let the Bollinger bands get a bit more squeezed and I'm sure we will see another breakout.
This time I'm positive it will be a bullish one with $700 as the range could head back to.
Last year August and September had also been pretty boring.Summer time! And then we started to take off!!

[Sanugarid]

Don't know why people are talking about down trend all the time?
Don't you guys know what happened and why the prices went down?
It was just because of the hack and nothing, let the markets stabilize and it will again start to grow.

It has stabilized quite a bit now. Price has been around $575 for more than a week now.
This is a long time by Bitcoin standards. 

I agree with that. The price of $600 is not very challenging.

I think by the end of 2016, the price could be between 800 to 900

[Dux2K]

Don't know why people are talking about down trend all the time?
Don't you guys know what happened and why the prices went down?
It was just because of the hack and nothing, let the markets stabilize and it will again start to grow.

It has stabilized quite a bit now. Price has been around $575 for more than a week now.
This is a long time by Bitcoin standards. 

I agree with that. The price of $600 is not very challenging.

I think by the end of 2016, the price could be between 800 to 900

800 for sure if it goes over it will be new year special but with 800 to end year will be good

[iqlimasyadiqa]

bitcoin is currently being increased a hefty price. visible movement slowly but surely. even the increase was highest during the past few weeks.
us here hope that bitcoin will not decreased again.

[Zadicar]

Don't know why people are talking about down trend all the time?
Don't you guys know what happened and why the prices went down?
It was just because of the hack and nothing, let the markets stabilize and it will again start to grow.

It has stabilized quite a bit now. Price has been around $575 for more than a week now.
This is a long time by Bitcoin standards. 

I agree with that. The price of $600 is not very challenging.

I think by the end of 2016, the price could be between 800 to 900

800 for sure if it goes over it will be new year special but with 800 to end year will be good

Just what i expected to that bitcoins trend would reach that price in the end  of the year of  2016 or    beginning of  year 2017 which is really good for us  bitcoin holders and investors. Well lets see on what would be the future  price of bitcoin. We are hoping  almost  the same thing.

[bitebits]

I think the same. Downtrending is very strong nowadays. It can't go up, It can't go down too. It will probably have a downside explosion if this continues like this for a month or two. Maybe even sooner. My fundamental analysis also says bitcoin is expensive atm. 450-500$ would be a fair price.

Very curious. Please share some insights.

[pooya87]

I think the same. Downtrending is very strong nowadays. It can't go up, It can't go down too. It will probably have a downside explosion if this continues like this for a month or two. Maybe even sooner. My fundamental analysis also says bitcoin is expensive atm. 450-500$ would be a fair price.

Very curious. Please share some insights.

it is like this:
1) since you lost the chance to buy when price was low now open some buy orders at lower price
2) go on bitcointalk and start spamming all over the forum about bitcoin is dead and is going down,....
3) hope some fools are going to fall for it and start selling so you get your desperate orders filled

[zimmah]

We have been in an uptrend since early 2016.   

Which isn't really surprising after a long bear market, and with the halving in 2016.   

The only thing holding us down and preventing a massive 2013-style breakout is the blocksize debate (and possibly to a smaller extend the bitfinex hack, but that shouldn't have a large impact).

Once the scaling problem is fixed, expect prices to absolutely go through the roof.

[Ejanend]

We have been in an uptrend since early 2016.   

Which isn't really surprising after a long bear market, and with the halving in 2016.   

The only thing holding us down and preventing a massive 2013-style breakout is the blocksize debate (and possibly to a smaller extend the bitfinex hack, but that shouldn't have a large impact).

Once the scaling problem is fixed, expect prices to absolutely go through the roof.

There will not big rise like what happened in the 2013. At that time, the market cap was mch lower ad there were fewer bitcoins.

[lister storm]

I think its not "new trend" as you mentioned in headline. Bitcoin is doing that for years already, with sometimes pretty big up and down trends. Some people say its cause demand and supply of the coins, some people say specific things that happen can inflict price to go up or down, whales and bears can move the market, along with who many how much factors.
Bitcoin is still here, people still using it, and as I see its growing every year. More people joining, more sites using it, that mean something, and no matter how much bitcoin fall or how much it rise, we are here and bitcoin is fine, working properly.

The bitcoin's long term trend is to be used by more and more people as it offers better functions than conventional fiats.

thats true, more and more people are into holding bitcoins right now or using it, the adoption is massive and i think bitcoin can only grow because of that

I think the bitcoin price will resume its uptrend very soon. People will forget about the Bitfinex hack soon.

yes i am agree. bitcoin price has to start increasing very soon, as in present tie there is no bad news about bitcoin therefore people are investing money in bitcoin, hope this uptrend will continue for a long time.

I do not think so. The bitcoin price has stalled for a few months now. The $900 to 1000 price can only be achieved next year.

well the price is really stable right now, it seems that after the halving there wasnt too big of a growth to be honest despite of the fact that everyone was hyping that the price is going to be growth a lot really fast though it did not happen

only right now the price started showing some positive trend and the price went down to 625 dollars per bitcoin at one point, though right now it seems that it is stabilizing once again as it is not growing any more

it would be really bad for me if the price would come back to stable numbers, first of all it would be really boring and there would be no thrill to check the price and secondly i wouldnt be able to make any money out of the cryptocurrency trading

[Junko]

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.

LOL @ "this can be temporary for all we know"

Be sure and understand how bitcoin drops to lower lows each time it drops, especially during a prolonged bear phase which we seem to be mired in.

This is not a temporary down situation. We are in the long term decline situation. Unless prices go up during this November/December, we will definitely be in a long term bear market.

There's no good news coming in the next few months, so the question is how LOW it will drop, before it starts recovering.

This is all because of bad fundamentals. The bitcoin developers are fighting among themselves, they have no leadership, no vision for the challenges facing the bitcoin community, it's just a sad, pathetic state we find ourselves in.

Another perfect example of a "talks_cheep reverse indicator". Thank you. 

[zimmah]

We have been in an uptrend since early 2016.   

Which isn't really surprising after a long bear market, and with the halving in 2016.   

The only thing holding us down and preventing a massive 2013-style breakout is the blocksize debate (and possibly to a smaller extend the bitfinex hack, but that shouldn't have a large impact).

Once the scaling problem is fixed, expect prices to absolutely go through the roof.

There will not big rise like what happened in the 2013. At that time, the market cap was mch lower ad there were fewer bitcoins.

doesnt matter, bitcoin is still tiny in terms of market cap.

and back in 2013, we had less users as well.