kwukduck (OP)
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Activity: 1937
Merit: 1001
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August 01, 2016, 06:45:36 PM |
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Hang on there fellas, we're in for a sharp drop and a wild ride as panic and fear starts to dominate the market.
Exposure of bitcoins weaknesses to the bigger public will have a dramatic effect on the market.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Shiroslullaby
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August 01, 2016, 07:19:35 PM |
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Yep. I've seen people state that if it drops to $610 the bottom will fall out and could go as low as $450.
Even if it does drop so low, I'm sure it will go back, its just a question of how long will it take?
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randy8777
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Activity: 896
Merit: 1000
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August 01, 2016, 07:37:15 PM |
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everything is just fine as long as we are above the $600 price level. if we drop below $600 then it might tank even deeper. but then again, it will be a nice moment to buy some extra coins.
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ivanst776
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Activity: 1540
Merit: 1003
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August 01, 2016, 10:54:23 PM |
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everything is just fine as long as we are above the $600 price level. if we drop below $600 then it might tank even deeper. but then again, it will be a nice moment to buy some extra coins.
I wouldn't say fine, because nobody wants to see a coin (in this case bitcoin) falling down almost 50$(except those that want to buy at this stage), It's not a crash of course but fine is not. It's the 1st of the month and people get their salary on this time but maybe they are selling their additional savings on bitcoin because of the holiday that is in most of the countries. |
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richardsNY
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Activity: 1232
Merit: 1091
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August 01, 2016, 11:12:33 PM |
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So far my prediction of the price testing $600 is becoming reality. It will be very interesting to see if the price gets supported long enough to maintain a position above $600. I think it will.
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Pbitcoin
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Activity: 112
Merit: 10
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August 01, 2016, 11:16:51 PM |
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This is what a panic dump is like? Well I don't like it one bit  I have not bitcoin or forex to buy it with.  |
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ImHash
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August 01, 2016, 11:22:57 PM |
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down it goes and down it goes again and again, we are looking at the manipulations in the face there is no need to worry as we seen before it always recovers if we keep our cools and stay supportive to the system.
Go to the mars next destination.
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chesthing
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Activity: 1414
Merit: 1000
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August 02, 2016, 12:58:04 AM |
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This is what a panic dump is like? Well I don't like it one bit I have not bitcoin or forex to buy it with. Panic dumps drop hundreds of dollars in a day. It may turn into a panic dump, let's watch and see...  |
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calme
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August 02, 2016, 01:37:54 AM |
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It's nothin' but hookers 'n blow on the Coinbase yacht
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Wind_FURY
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Activity: 2898
Merit: 1824
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August 02, 2016, 02:08:40 AM |
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We have never seen any panic dumps that have resulted in the obliteration of bitcoin. I don't think it will be the end of the world. It is actually good for bitcoin to go sun $600 and stay there for a while. It needs to be accumulated by the ones who are not willing to buy at +$650.
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Derek492
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August 02, 2016, 03:26:47 AM |
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BitcoinLoan
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August 02, 2016, 03:32:58 AM |
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No way! it is just correction after that what happen before halving. Now price is on the correct level. I expect 3 - 4 weeks stabilization, and till december slow, but stable growing till $900 - $1000
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BlockEye
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Bounty Mngr & Article Writer https://goo.gl/p4Agsh
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August 02, 2016, 03:47:54 AM |
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No way! it is just correction after that what happen before halving. Now price is on the correct level. I expect 3 - 4 weeks stabilization, and till december slow, but stable growing till $900 - $1000
Why do you think this will end up to $900 - $1000 by December? Anywhere between $600 to $700 is reasonable but still hold on to what you have for now, that drop is just temporary and it will go back to its previous price of $650 |
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Haruderty
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August 07, 2016, 12:02:25 PM |
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No way! it is just correction after that what happen before halving. Now price is on the correct level. I expect 3 - 4 weeks stabilization, and till december slow, but stable growing till $900 - $1000
Why do you think this will end up to $900 - $1000 by December? Anywhere between $600 to $700 is reasonable but still hold on to what you have for now, that drop is just temporary and it will go back to its previous price of $650 The panic dump has finished. The price has risen to $590 already. I think the price will be $600 in a few days. |
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1Referee
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Activity: 2170
Merit: 1427
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August 07, 2016, 12:15:48 PM |
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Kwukduck! It's funny how you come to life as soon as there is a dump going on, and how soon you're back under your rock as soon as the price shows signs of recovery.  No way! it is just correction after that what happen before halving. Now price is on the correct level. I expect 3 - 4 weeks stabilization, and till december slow, but stable growing till $900 - $1000
Why do you think this will end up to $900 - $1000 by December? Anywhere between $600 to $700 is reasonable but still hold on to what you have for now, that drop is just temporary and it will go back to its previous price of $650 The panic dump has finished. The price has risen to $590 already. I think the price will be $600 in a few days. Yes, I also believe to see the price be back on $600's again next week. I just hope it stays there and doesn't fall back to sub $600 levels. |
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jhenfelipe
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August 07, 2016, 12:27:40 PM |
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Kwukduck! It's funny how you come to life as soon as there is a dump going on, and how soon you're back under your rock as soon as the price shows signs of recovery. No way! it is just correction after that what happen before halving. Now price is on the correct level. I expect 3 - 4 weeks stabilization, and till december slow, but stable growing till $900 - $1000
Why do you think this will end up to $900 - $1000 by December? Anywhere between $600 to $700 is reasonable but still hold on to what you have for now, that drop is just temporary and it will go back to its previous price of $650 The panic dump has finished. The price has risen to $590 already. I think the price will be $600 in a few days. Yes, I also believe to see the price be back on $600's again next week. I just hope it stays there and doesn't fall back to sub $600 levels. Yes I agree. It seems that Bitcoin price is rising already little by little. Just need some time to go back to track @ $600 and up. However, $500 and up is still good, the first time I used bitcoin, it's only about $200 to $300, so this fall didn't affect me so much. Few bitcoiners already sold some of their coins due to panic and fear of losing their investment these past few days, I hope they don't regret it. |
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angryswamp
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August 07, 2016, 12:45:18 PM |
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the dump already ended, right now the only way is going to be up i hope
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amacar2
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August 07, 2016, 02:50:48 PM |
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the dump already ended, right now the only way is going to be up i hope
Actually there is still some fear in traders about those stolen 60 million USD worth of bitcoin. Question is still there about whether hacker already dumped those coins or not. |
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ASHLIUSZ
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August 07, 2016, 05:27:43 PM |
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the dump already ended, right now the only way is going to be up i hope
Actually there is still some fear in traders about those stolen 60 million USD worth of bitcoin. Question is still there about whether hacker already dumped those coins or not. The price has dropped to about $100 few days before, may be the hacker had sold part of the coins and after this problem solved he may sell the remaining. |
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lexuz
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August 07, 2016, 06:03:19 PM |
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the dump already ended, right now the only way is going to be up i hope
Actually there is still some fear in traders about those stolen 60 million USD worth of bitcoin. Question is still there about whether hacker already dumped those coins or not. The price has dropped to about $100 few days before, may be the hacker had sold part of the coins and after this problem solved he may sell the remaining. Yeah i think about that too and now looks the coins has been stolen from bitfinex has been sold out so the price rise has occurred. |
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