Bitcoin Forum
May 07, 2024, 11:06:58 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: When will Bitcoin drop and how?  (Read 2331 times)
xIIImaL
Legendary
*
Offline Offline

Activity: 1372
Merit: 1005


View Profile
June 04, 2017, 12:35:48 PM
 #21

No.  The price would drop until there was an obvious majority chain, at which point money would flow back in and there would be a domino effect which makes the previous one irrelevant.

Even if there was an ETH/ETC kind of situation there would be an obvious "winner".

even if everything is smooth it sets a precedent and one that bitcoin can't afford. eth/etc doesn't matter. the users will do what they're told by vitalik. bitcoin doesn't work that way.

Altcoin does not matter about the bitcoin's anything but the people worry about the price sustainability has been similarly changes in the same time on both. It make everyone fear about the value and comparing with ETH.
However, ETH holding will work like bitcoin in the 2015 or early that.
1715123218
Hero Member
*
Offline Offline

Posts: 1715123218

View Profile Personal Message (Offline)

Ignore
1715123218
Reply with quote  #2

1715123218
Report to moderator
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715123218
Hero Member
*
Offline Offline

Posts: 1715123218

View Profile Personal Message (Offline)

Ignore
1715123218
Reply with quote  #2

1715123218
Report to moderator
1715123218
Hero Member
*
Offline Offline

Posts: 1715123218

View Profile Personal Message (Offline)

Ignore
1715123218
Reply with quote  #2

1715123218
Report to moderator
YuginKadoya
Legendary
*
Offline Offline

Activity: 3038
Merit: 1169



View Profile
June 04, 2017, 01:56:59 PM
 #22

No one can know when the price will rise or drop or we would be rich already.
But you can be sure that the price of bitcoin will always rise in the long run. So if you can, buy more!

Will the activities with bitcoins increase or drop it, or will the activities with fiat currencies decrease the price of bitcoin?
I may be mistaken, but if you asked what makes the price fall or rise in the market, that's the answer:

More people BUYING bitcoin = Price UP
More people SELLING bitcoin = Price DOWN

This is a simplified explanation on how bitcoin price increases and decreases, and for OP if you are asking when will the price would decrease is not a very simple question because just like tryninja said no one would really know when it will drop, but certain unwanted selling of most people are the cause of a sudden drop in price just like what happen when we had reach the price value of $2700 certain people make an emotional selling out of fear that bitcoin might drop all of a sudden then a consecutive selling of many was the reason why the price drop well hope when bitcoin increase up to $3000 we can not see this kind of drop anymore.
iqlimasyadiqa
Legendary
*
Offline Offline

Activity: 1596
Merit: 1011



View Profile
June 04, 2017, 02:28:28 PM
 #23

No one can know the exact price of bitcoin. We are all here just speculating how bitcoin prices move in the market share. And when the bitcoin price decreases then there will be many people who panic sell, they will easily sell the bitcoin they have. This is the advantage a trader can get, they take the opportunity in a panic state. But when there is more demand from bitcoin usually bitcoin prices will increase. these are all difficult to predict, we all follow the existing market for bitcoin prices are easily affected by various circumstances.
Ewox
Sr. Member
****
Offline Offline

Activity: 812
Merit: 253


View Profile
June 04, 2017, 03:16:31 PM
 #24

Bitcoins price is unstable so basically we can't really tell when it is pumping or dumping. And it has been that way ever since, if you wanted to know how you can tell when bitcoins marketcap dumps then you can try to educate yourself and learn also how to read charts.
In the silence
Sr. Member
****
Offline Offline

Activity: 1289
Merit: 294


''Vincit qui se vincit''


View Profile
June 04, 2017, 03:23:26 PM
 #25

Bitcoin always drop but easily recovered it was very versatile that no one can accurately predict when will bitcoin drop, unless you are a whale and want to drop bitcoin and buy after the little fishes panic selling. For now you must buy more and join the ride to the moon.
dothebeats
Legendary
*
Offline Offline

Activity: 3640
Merit: 1352


Cashback 15%


View Profile
June 04, 2017, 03:56:36 PM
 #26

When is kind of a tricky and unanswerable question. How is answerable somehow. By people selling their bitcoins as they deem that they already profited enough, that is where it will start. If most whales who provide support on a certain price range cut their position, everything is downhill from there. Right now traders are capitalizing off of the good exposure bitcoin js getting now amidst the uncertainties on the block size et cetera.

.
.HUGE.
▄██████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███████████████████████▄
▄█████████████████████████▄
███████▌██▌▐██▐██▐████▄███
████▐██▐████▌██▌██▌██▌██
█████▀███▀███▀▐██▐██▐█████

▀█████████████████████████▀

▀███████████████████████▀

▀█████████████████████▀

▀█████████████████▀

▀██████████▀▀
█▀▀▀▀











█▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
CASINSPORTSBOOK
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀█











▄▄▄▄█
phr0stbyt3
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


View Profile
June 04, 2017, 08:22:45 PM
 #27

A drop is unlikely to happen right now or even if it happens it won't be so big or something like a breaking news. And ya if you are asking in general well that will normally happen either when the price is really high or there is a sort if panic in market which used to be created by china in the past.
moviebuff777
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
June 05, 2017, 12:02:50 AM
 #28

Bitcoin keeps popping up that I'm even confused sometimes. What I ask myself is so how is it going to stop and when? Or it will keep increasing? Will the activities with bitcoins increase or drop it, or will the activities with fiat currencies decrease the price of bitcoin?

There will be drops along the way but no one can predict them for sure. I thought we would have had a bigger drop after the record increase but it recovered quickly. But another drop could still happen.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆


Hero/Legendary
 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.
       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████
Wind_FURY
Legendary
*
Offline Offline

Activity: 2912
Merit: 1825



View Profile
June 05, 2017, 03:41:53 AM
 #29

I cannot believe nobody has mentioned the upcoming UASF this coming August. If you do not know what that is then I suggest go read about it. If there was a possibility to make Bitcoin crash this year then that would be it.

that's the one. if we end up with two bitcoins, which would surprise me, i think the party would be permanently over.
No.  The price would drop until there was an obvious majority chain, at which point money would flow back in and there would be a domino effect which makes the previous one irrelevant.

Even if there was an ETH/ETC kind of situation there would be an obvious "winner".

In your opinion, on which chain would the Core developers choose to continue their development?

In all honesty, where ever the best developers go, that is where most of our investments should go. Core has been doing a good job with Bitcoin so far. I know they tend to be conservative but that is only because they cannot risk breaking a multibillion dollar blockchain.

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
Duzter
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 256


Leading Crypto Sports Betting & Casino Platform


View Profile
June 05, 2017, 08:57:20 AM
 #30

The growth and fall in price happens unexpected. We can make predictions based on the scenario happening over the entire network. The current price increase is quite a sustained growth caused due to the increasing adoption, so a dip these days is not gonna take place. A dip could take place if someone in the top development team gives some negative statement against bitcoin same as one happened in the past.

█▀▀▀▀▀











█▄▄▄▄▄
.
Stake.com
▀▀▀▀▀█











▄▄▄▄▄█
   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
█▀▀▀▀▀











█▄▄▄▄▄
.
PLAY NOW
▀▀▀▀▀█











▄▄▄▄▄█
Slark
Legendary
*
Offline Offline

Activity: 1862
Merit: 1004


View Profile
June 05, 2017, 09:22:43 AM
 #31

I am only worried about other altcoins competition. In case you don't know: Vitalik Buterin and Vladimir Putin met yesterday and discussed the application of blockchain technologies in Russia.
It seems that Putin will endorse Ethereum because it is more centralized than Bitcoin and he could influence it through Buterin. What will happen if Russia will legalize ETH instead of BTC next year?
In the worst case scenario that would make bitcoin a redundant asset in the future.
lottery248
Legendary
*
Offline Offline

Activity: 1568
Merit: 1005


beware of your keys.


View Profile
June 05, 2017, 12:54:19 PM
 #32

bitcoin will not keep increasing continuously for sure. even if the bitcoin price is dropping, it is not gonna hurt miners a lot, unless the price of bitcoin is decreasing like 30% in a day, where the impact is extreme in little difference. let alone with the bitcoin price returning to below $1000 nowadays with the bitcoin being legalised in a certain type of countries.

bitcoin is in a breathing effect which drops after rise and then in a cycle where increase is better than drop.

out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded
i am not really active for some reason
Siren
Sr. Member
****
Offline Offline

Activity: 826
Merit: 265



View Profile
June 05, 2017, 04:28:00 PM
 #33

Well a dip happened if there is a big whale working behind and cashing it out the first moment he saw huge profit. And the next thing happened, others panic sell causing the market to crash to a new low. I think this is a likely scenario. But we also know that the crash will only just take a matter of days and won't last a week or so. Just like the last crash we have, I think it just only 3 days. Very short lived.
Wind_FURY
Legendary
*
Offline Offline

Activity: 2912
Merit: 1825



View Profile
June 06, 2017, 03:10:40 AM
 #34

I am only worried about other altcoins competition. In case you don't know: Vitalik Buterin and Vladimir Putin met yesterday and discussed the application of blockchain technologies in Russia.
It seems that Putin will endorse Ethereum because it is more centralized than Bitcoin and he could influence it through Buterin. What will happen if Russia will legalize ETH instead of BTC next year?
In the worst case scenario that would make bitcoin a redundant asset in the future.

Why are you worried? Bitcoin has better code than Ethereum will ever have. All the dapp ICOs that were organized in Ethereum will have to wait for Vitalik to find a solution to make the network scale. From listening to different podcasts and interviews of the elite coders in crypto, they have said that Ethereum will not scale and all the solutions proposed, like Casper and sharding, are mere delusions from Vitalik.

I am not a coder but I would like to know what really is going on with Ethereum from the point of view of a coder.

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
djgtr
Sr. Member
****
Offline Offline

Activity: 951
Merit: 250


View Profile
June 06, 2017, 03:48:44 AM
 #35

If bitcoin will drop there will be a massive reasons of dumping from those sellers particular to bigger whales who had huge investments. There is no exact date bitcoin will drop because it cannot be predicted and it only depends on the fluctuations at the market price. You must be updated all the time if planning on buying bitcoin for investments so that cheaper price will be grabbed as an opportunity for us to invest and hold for future profit gains.
uneng
Hero Member
*****
Offline Offline

Activity: 2030
Merit: 778


Leading Crypto Sports Betting & Casino Platform


View Profile
June 06, 2017, 04:23:23 AM
 #36

I don't think bitcoin will drop in the next decades. A country or another can legalize an altcoin, but it won't affect all the other persons from the world. Many are here to skip the countries wishes and makes no sense to follow a currency because it was legalized by a country.
Bitcoin can drop when the currently technology becomes worthless, and it takes too much time to happen, that is why I think bitcoin survive well for more few decades without worries.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
coynedterm
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500



View Profile
June 06, 2017, 05:01:07 AM
 #37

Bitcoin keeps popping up that I'm even confused sometimes. What I ask myself is so how is it going to stop and when? Or it will keep increasing? Will the activities with bitcoins increase or drop it, or will the activities with fiat currencies decrease the price of bitcoin?
If you can see from the year 2008 then you will find that it's speed of increasing price is very slow according to its past .
Here I will suggest you to buy now because the price for the Bitcoin will go speedily rise without going much down .
The reason behind this is that many countries are accepting Bitcoin as a legal thing and safe to have it , I mean a type of legalisation and regulation at the use .
So the people are not feeling any fear to have Bitcoin and continuously buying without stopping .
And this is making totally the Increase in the demand of Bitcoin in the whole world .

            ▄▄█████▄▄
         ▄▄███████████▄▄
      ▄▄█████████████████▄▄
   ▄▄███████████████████████▄▄
 ▄█████████████████████████████▄
█████████████████████████████████
█████████████████████████████████
████████▀▀  ▀██▀       ▀▀████████
███████  ▄████  ███████▄  ███████
███████ █████  ██████████ ███████
███████ ██████████  █████ ███████
███████  ▀███████  ███▀   ███████
████████▄▄        ██   ▄▄████████
█████████████████████████████████
█████████████████████████████████
 ▀█████████████████████████████▀
   ▀▀███████████████████████▀▀
      ▀▀█████████████████▀▀
         ▀▀███████████▀▀
            ▀▀█████▀▀




.THRIVING CRYPTOCURRENCY..
.MARKET WITH CRYPTOBONDS..

▄▄▄▄  ▄▄▄ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ▄▄▄  ▄▄▄▄
████
██
██
██
██
██
██
██
██
██
██
██
██

INITIAL COIN OFFERING
SEPTEMBER 30

    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
██████
         ▄▄████████▄▄
     ▄████████████████▄
   ▄███▀▄▄▄▄▄▄▄ ▀███████▄
  █████ ███████ █▄▀███████
 ██████ ███████ ███▄▀██████
▐██████ ███████▄▄▄▄▄▄ █████▌
▐██████ █▄▄▄▄▄▄▄▄▄▄▄█ █████▌
▐██████ █▄▄▄▄▄▄▄▄▄▄▄█ █████▌
 ██████ █▄▄▄▄▄▄▄▄▄▄▄█ █████
  █████ █▄▄▄▄▄▄▄▄▄▄▄█ ████
   ▀███▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄██▀
     ▀████████████████▀
        ▀▀████████▀▀

...READ THE....
.WHITEPAPER.



        ▄▄████████▄▄
     ▄████████████████▄
   ▄████████████████████▄
  ███████████████▀▀  █████
 ████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
 ████████ █ ▄███▄   ███████
  ████████████████▄▄██████
   ▀████████████████████▀
     ▀████████████████▀
        ▀▀████████▀▀
TWITTER
FACEBOOK
MEDIUM
REDDIT
GITHUB
SLACK
skorupi17
Sr. Member
****
Offline Offline

Activity: 490
Merit: 256


View Profile
June 06, 2017, 09:09:12 AM
 #38

It is so difficult to predict when will the price go down or up, that's Bitcoin volatility for you. However, there are times within a year when the price occasionally increase and decrease. We have the so called correction where the current price of bitcoin will go down in order to correct the price. This is a normal event in bitcoin's price and a chance for investors to buy more coins. The best thing to do now is to monitor every steps in bitcoin. Uncertainties can always happen so no one can give the best and perfect answer for your concern.
cafucafucafu
Hero Member
*****
Offline Offline

Activity: 812
Merit: 509



View Profile
June 06, 2017, 09:33:12 AM
 #39

Bitcoin keeps popping up that I'm even confused sometimes. What I ask myself is so how is it going to stop and when? Or it will keep increasing? Will the activities with bitcoins increase or drop it, or will the activities with fiat currencies decrease the price of bitcoin?

It's confused a lot of people in my opinion and including me. Bitcoin has some real surprises for everyone.I thought that bitcoin was going to crash when it was $1000 because i have never seen it rise so fast in such a long period of time. In fact i think the memory of most bit coiners at the time is bitcoin staying constantly at $400 and not moving at all - i was sort of expecting it to go back to $600, $500 etc.

But obviously i've been proven wrong. There is just no way bitcoin price is going to be predicted. Chart analysis does not work, it's just too unpredictable and too volatile as the market cap is low.

I would say at least to $3500 before any sort of correction comes. Just my say though.

lisa255
Sr. Member
****
Offline Offline

Activity: 259
Merit: 250



View Profile
June 06, 2017, 10:07:50 AM
 #40

It is so difficult to predict when will the price go down or up, that's Bitcoin volatility for you. However, there are times within a year when the price occasionally increase and decrease. We have the so called correction where the current price of bitcoin will go down in order to correct the price. This is a normal event in bitcoin's price and a chance for investors to buy more coins. The best thing to do now is to monitor every steps in bitcoin. Uncertainties can always happen so no one can give the best and perfect answer for your concern.

If it concerns the crypto currency, then no analyst will make an accurate forecast for the next few days / weeks or months. Yes, in general, we can assume that the price will rise. But periodic falls no one guesses

.
PLAY
            ▄██████████████▄
          ▄██▀▀██████████████▄
        ▄██▀    ▀██████████████▄
      ▄██▀        ▀██████████████▄
    ▄██▀   ██████▄  ▀██████████████▄
  ▄██▀          ██    ▀██████████████▄
 ███       ▄█████▀      ███████████████
  ▀██▄    ▐██         ▄██████████████▀
    ▀██▄  ▐██████▌  ▄██████████████▀
      ▀██▄        ▄██████████████▀
        ▀██▄    ▄██████████████▀
          ▀██▄▄██████████████▀
            ▀██████████████▀
.
LIVE
.
██████
███▀▀▀
███







███
███▄▄▄
██████
██████
▀▀▀███
███







███
▄▄▄███
██████
Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!