BTC doing good after this big dump

[cellard]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

[aardvark15]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

I wouldn't really call that a big dump. It was a small dip. I wouldn't be surprised to see more of a drop to below $1000. The prices right now are still high so a correction is not unexpected.

[pooya87]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

I wouldn't really call that a big dump. It was a small dip. I wouldn't be surprised to see more of a drop to below $1000. The prices right now are still high so a correction is not unexpected.

it is usually a big dump when you see something like this on the chart with a very sharp drop and a very big volume. the amount it went down is about $60 which you can say is not that big with bitcoin standard and the percentage is not that big either (5%) but it is still a big amount to drop in a short time.


good news is that the resistance has been good and it bounced back up and it fit breaks $1200 again i say it is safe to say it is over but it may not be this fast.

[Qartada]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

I wouldn't really call that a big dump. It was a small dip. I wouldn't be surprised to see more of a drop to below $1000. The prices right now are still high so a correction is not unexpected.

I would call that little dip the correction.  It was small but quite a sharp drop after it clearly went too high.  There's plenty of support from investors as they slowly start to see it as stable, there's the (shouldn't be relevant but it is) hype about Japan's new laws, so generally the outlook is quite positive but in a different light as investors start to see that there might never be a good consensus with scaling but Bitcoin will be a good investment from a more "digital gold" kind of perspective.

The floor is really around $1050-1100 right now and it's unlikely to break that due to the strong resistance in the market.

[rajasumi3]

yes bitcoin has done a lot better and it will become better .well you may have noticed that the price of bitcoins have become stable .well this will be better and the price of bitcoins would become higher and the price of bitcoins would be more than 2000$ by the end of july .lets hope best for the future.

[tabas]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

Just like what others said, I don't go for it that it was a big dump. It's only a very small fluctuation compare to what happened from the past like Mt.Gox and with the BTU drama.The price right now is at $1,199 on preev and it will keep on moving and stable at that rate. We'll see that $1,300 very soon. 

[DrGuns4Hands]

if it's hit $1300 that will be a good news but for now we're currently on @ $1200 but im hoping that bitcoin would hit and stay in $1300 but that's not bad enough because when i started bitcoin it was around $500-$700 so its a lot of difference before than now. that's why i could say or i have the right to say that bitcoin is really doing well than before.

[Pursuer]

I would call that little dip the correction.  It was small but quite a sharp drop after it clearly went too high. 

as far as I know a correction shouldn't be sharp. it is usually a slower drop. the sharp dips usually show some kind of manipulation and followed by panic sell. mostly starting with the expectation of a drop (in this case the SegWit drama by F2Pool) and then weak hands jump.

(shouldn't be relevant but it is) hype about Japan's new laws,

why shouldn't it be relevant?
it actually is a big news in my opinion and we will continue feeling it s effects for a long time.

so generally the outlook is quite positive

yeap. price is $1205 right now according to bitfinex.

[YuginKadoya]

Right now bitcoin was keeping his stand with the $1100 mark and the value as of now is $1189.40, I think it is very too soon to say that bitcoin would now go to the $1300 mark, and I think even if there are dumping occur it is just a small portion of it and it is not a real dump and bitcoin is just rotating to it's course

[hase0278]

For now I see bitcoin at above $1100 mark with the value of $1197 according to preev. Personally I would want it to dump a little lower to below $1100 so that I can rebuy cheap bitcoin but I don't think it would go down to price ranges lower than $1100 for now probably. I wouldn't call what happened a dump though since it is little, rather it is just a dip, a little one since changes below 100$ is normal with bitcoin.

[Denker]

I wouldn't call that a big dump. Bitcoin has seen way way bigger dumps.
The smart guys bought the dip and enjoy their grown BTC stash.
In terms of the price I believe we will continue hovering around the 1100-1200 area for a while.
To shoot upwards we need some major positive news imo.

[n0ne]

This  time price dumping have paved path for a sustained growth soon after the fall towards $900 during tbe time of BU gaining support. In a short scenario changed price moving to the one from which fell. So now the gradual decrease was not much concerned which has started to reach close to $1190 once again.

[The_prodigy]

it's a quite big dump but its not mean that bitcoin price BTC will surely pump again and surprise as . just keep investing while bitcoin price is in low price because anytime bitcoin could surprise as i miss when the price of bitcoin reach the $1200 more. it leaves me a lot of regrets when i cash out my bitcoin while its on $1100 then suddenly it reach that price quite enough to surprise some of us.

[2012]

At the moment price is quite unpredictable even after this drop it recovered so quickly. Now chance is so good to touch $1300 in next run I think next week this will happen and before end of Q2 it will be over $1500 with this trend.

[digaran]

Most of the times when I see price is at $1140 I close my browser and come back after a few hours and then I see $1160 then browse the forum boards post a couple of times and then open an exchange or coinmarketcap and see price is $1180 I mean what the heck is going on?

You see women when pregnant? they desire something sweet one hour and want to eat something sour the next hour don't you dare bitcoin if you want to give birth to a new altcoin aka bugcoin.

Market is holding a natural price, it's more like an ocean with bitcoin, at day time sea level going down and at night it comes back up due to gravity of moon, are we the community(investors-day traders-supporters)like the moon for bitcoin?

[TravelMug]

Most of the times when I see price is at $1140 I close my browser and come back after a few hours and then I see $1160 then browse the forum boards post a couple of times and then open an exchange or coinmarketcap and see price is $1180 I mean what the heck is going on?

You see women when pregnant? they desire something sweet one hour and want to eat something sour the next hour don't you dare bitcoin if you want to give birth to a new altcoin aka bugcoin.

Market is holding a natural price, it's more like an ocean with bitcoin, at day time sea level going down and at night it comes back up due to gravity of moon, are we the community(investors-day traders-supporters)like the moon for bitcoin?

Like a ocean with bitcoin but the big whales are swimming around. If you go against them, you will be sweep from under.  . The market is holding currently, which is good for now I hope the big whales will not do another dump and go to alt-coins, otherwise the price will drop. Possibly some investors are just selling now to profit and not because of the BU news.

[mindrust]

Ver and his crook buddy Wu declared war against core devs on bitcoin.com so his followers made a little bit movement on the markets.

But then they asked themselves, if this retard wants us to dump bitcoins... "Why don't he sell his coins first?" Then they realized their mistake and now buying again.

[~Bitcoin~]

I am expecting price to go over ATH price of $1300 in next bull run. Support is already growing strongly around $1200 right now, so $1200 is base price now for next bullish trend.

Hold your bitcoin tightly. 

[chaser15]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

Just because the price decrease are somehow have a big margin, today we can't considered it as a big dump because surely it will go back again to the level it was before the price decrease. And we can see some build of support that's why we can withstand the road to below $1,100.

Correction price indeed which is a good thing to happened so that we can still purchase good coins at good price.

[SONG GEET]

But then they asked themselves, if this retard wants us to dump bitcoins... "Why don't he sell his coins first?" Then they realized their mistake and now buying again.

Thumbs up on this 

All these retarded fuders are attacking bitcoin network with spam transactions to clog the mempool and increase recommended fee to build support for BU. Whatever they try, they will ultimately fail and segwit will be activated on bitcoin like in litecoin soon.