This price (~$575) is normal and good, and here's why...

[pooya87]

Tell me, would you be happy if you bought bitcoins after the hype while the price was like 750$? There are many people who bought from 700$+ and i am pretty sure they are not happy at the moment. If the price doesn't rise in a few months, they will say "fuck this shit" and they won't come back again. When we have enough of those people, bitcoin will be as dead as my shoes. With every pump/dump those people rise in numbers.

you know nothing jon snowmindrust
there were many people who bought bitcoin at $1100-$1200 and kept holding it like fools until some day they said fuck this shit and left bitcoin, but as you can see bitcoin is still alive and regardless of those group's idiocy it is still strong and rising.

Well, yes, if you open the all time charts, and ignore peaks and massive dumps, then you can clearly see the price has been going up in a nice manner. People keep complaining about the price to be boring and stuff, but this shows that Bitcoin is in fact growing year after year.

This year alone we already have a great progress and with that alone we should be thankful, maybe some are losing their money because they are expecting to see the price to rise as much as $1,000 this year and was able to buy during the price spike in the previous month.

that is the problem with most of the novice investors in bitcoin, they start buying when it is already too late. for example they bought at $700+ and now that price is down from that peek they are cursing everything and everyone.
but those who buy at the bottom and hold longe term are always happy.

[Leonard2016]

this is a good point but the reason for this low price at this level is that the price was pushed down not a normal decline after a big rise.
you forgot about the bitfinex hack and the okcoin situation, these things keep the price down and if they weren't available the price would have risen by now.

True, but we would still be below 650, 700 for sure, without the bitfinex hack. Okcoin situation is old news. Anyways, we would still be in a post-halving correction regardless.

well as far as i know the Okcoin situation that i am refering to happened a couple of days ago after the bitfinex hack.
i am talking about the authorities saying okcoin is laundering money,... and created some panic shortly.

[BitcoinPC]

After Halving, we all know about it that Bitcoin would be go down, and i also read mostly threads about bitcoin's price downing so it is downing time of bitcoin, But we all know that next month bitcoin price would be started to grow up, Actually we should accept it that bitcoin always remain up and down, because in this way we make profit.   

[Cresciuanto]

yes that is a  fact, actually some people wants bitcoin to bell down under 400$ so that they can get chance of buying bitcoin at a low price, therefore they are trying to spread such false news in the market, otherwise there is nothing wrong in market nor bad news related to bitcoin, the price of bitcoin is expected to raise again to its previous price after a long correction,

[randy8777]

yes that is a  fact, actually some people wants bitcoin to bell down under 400$ so that they can get chance of buying bitcoin at a low price, therefore they are trying to spread such false news in the market, otherwise there is nothing wrong in market nor bad news related to bitcoin, the price of bitcoin is expected to raise again to its previous price after a long correction,

these are the kind of people that always miss great buying opportunities. people have had enough chances to buy at very low prices levels such as sub $300, and they still complain....

[iqlimasyadiqa]

for me this is normal. bitcoin prices are currently very stable and not much changed. the current price included below for the last couple of weeks the price touched at USD700 figures.

[Herbert2020]

these are critical days and will determine the future price of bitcoin. if the resistance is good enough and price can't go lower than this i am sure we see a rise before the month ends but it there isn't enough support we will stay below $600 for longer time enough for everybody to accumulate.

[noormcs5]

Now bitcoin is $576, i also think it is good price for all bitcoins users, you know in the start of 2016 bitcoin was $300 and something, but now bitcoin is in good position, so how we can say it is low price of bitcoin? 

[Kprawn]

The thing is, people are greedy... They have had a taste of $1000+ per bitcoin and they thought it would go that way again.. but it did not happen. Most of them were not around when it happened, and

their expectations were built on false and hyped predictions and speculations. A year from now, we will have loads of people complaining about a stable $800+ price. It's just how people think, and when

it pans out differently... they tend to blame the technology, and not their own greed. 

[ivanst776]

So we had the halving hype and lot's of people pouring money into bitcoin in anticipation of the halving. This pumped the price to $785 a coin which was pretty much expected or at least not surprising. Once people realized that the "halving run-up" was over, they profit-booked, causing an expected correction. It took a while to find a consolidation range, but it seems we may have finally found it ($550 to $600). This has happened with all other halvings in other cryptocurrencies.

So why is everyone freaking out about a "low price"? We are up $350, give or take, from the price at this time last year.

Today price is not bad as it is increased to $580 and the line on the graph is going up.

The halving was interesting when the price before it was really high comparing with few months before halving.

I think that for this month the maximum price can be up to $600 as many people are in vacations.

[g-unit]

G-unit, that's a pretty good summary of what happened, and it's true and concise.  So I think if we stay at this level for a while--or a long while, maybe--it's not a bad thing.  People were hoping for ridiculous fantasy prices of $1000-10,000, and that ain't gonna happen.  There's still strong demand for bitcoin, but you would have to have absolutely massive demand to drive the price up that high.

Thanks Pharmacist! True, but I do believe 10K plus will happen, just not nearly as soon as people would like. It bitcoin ever becomes mainstream one day, it could easily be worth 6 digits a coin.

[g-unit]

People who expected to get rich over night are idiots. I'm sorry, but that's true. Nothing is guaranteed. Sure, it could happen, but you can't count on it.

Bitcoin will chew you up and spit you out if you don't know what you're doing. That's why I always buy to hold long term (spend money you won't need for years) or be a damn good day trader.

[bit1]

Now bitcoin is $576, i also think it is good price for all bitcoins users, you know in the start of 2016 bitcoin was $300 and something, but now bitcoin is in good position, so how we can say it is low price of bitcoin?  

Okay, yes, but with the  block reward reduction is a low price expected, certainly the price should be above to be considered really in good position. Of the same way if the price on 2020 achieves $800 this in no way could say that would be in good position except of course for the initial holders.

[20kevin20]

People who expected to get rich over night are idiots. I'm sorry, but that's true. Nothing is guaranteed. Sure, it could happen, but you can't count on it.

Bitcoin will chew you up and spit you out if you don't know what you're doing. That's why I always buy to hold long term (spend money you won't need for years) or be a damn good day trader.

People thinking getting rich overnight is possible are those who also think gambling can make them rich using strategies. That's totally false, and it's a lie being told by some casinos or people who got rich from them.

[BTCLovingDude]

the only reason that you can see people being sad and disappointed in the current bitcoin price is that those people were hoping to become rich in a week after they bought bitcoin and since that dream has not yet happened they are mad at bitcoin.

[fkvidar]

the only reason that you can see people being sad and disappointed in the current bitcoin price is that those people were hoping to become rich in a week after they bought bitcoin and since that dream has not yet happened they are mad at bitcoin.

Actually when price pumped to $780 before the halving people started to expect that now $1k will be easily achieved and hoping that they started to buy coins, but unfortunately price started to drop after that.

[Barbut]

I also think that this price is good, and holding this price over 550 $ is actually good thing. Bitcoin has proven that is strong enough. After summer price can go up, bitcoin have potential for that and I believe that before new year we can go over 700$. I'm not a trader, and price is higher then in beginning of the year when I joined, for me that is good enough for now.

[satdas]

So why is everyone freaking out about a "low price"?

Because everybody thought bitcoin halving = doubling difficulty = doubling the price of bitcoin. I'm one of them to be completely honest with you guys. When it pumped to 785$, I was all like "Okay, the pump is just starting." Until it went lower and lower and now we're stuck in this price which is much better anyway compared to the price before the pump.

yes that is right to say, i think the after the previous pump the market take a little correction and now the price of bitcoin is really trading in a good mood and hope that it will again take another pump and this time hope that it will cross the 1000 Dollar price very easily.

[Doms]

People were expecting too much, especially those who got in at around $700. I have not been around bitcoin long enough and was only able to start buying at around $420. At current prices, I am still doing ok and a few more years down the line, I would be a happier man, I think. If the price starts to move above $600 again, it is all good. If it stays at this level for the rest of the year, that is also fine by me.

[1Referee]

the only reason that you can see people being sad and disappointed in the current bitcoin price is that those people were hoping to become rich in a week after they bought bitcoin and since that dream has not yet happened they are mad at bitcoin.

Actually when price pumped to $780 before the halving people started to expect that now $1k will be easily achieved and hoping that they started to buy coins, but unfortunately price started to drop after that.

I was even seeing people thinking the price to reach $2000 and up. That's how a hype works. It makes people buy into the momentum, even though the price was nearly at it peak as soon as it went over $700-$750 back in June. I am glad nearly all people have calmed down and lowered their predictions. And yes, there are still some people here thinking the price will reach $1000 this year.