bitcoin price decreasing

[jossiel]

Today is red wednesday, only 4 of the top 50 crypto are in the green on coinmarketcap.com , massive selling in the digital world, pretty wild day

A group of hoarders and whales I guess or there are some issues about China's banning of bitcoin mining that affected the price.

Well if you will just look on its positive side. There will be another quick pump again soon, many will buy new coins.

So this week is going to be bloody I guess but it will end up on Saturday.

Litecoin is "chinese" and its rising

Well they are now focusing to litecoin but still there are some big whales in China and their government is the hindrance for good things for them.

They are one of the contributors in the market of bitcoin and they are not just only contributors.

But they are making a big move to the market of crypto and specifically with bitcoin too.

[Febo]

bitcoin price is decreasing.can anyone predict how much it will decrease?

thanks

It will go close to zero. proudhon was right all along. He predicted this in 2011. Best to pack or things and spend time more useful.

[iqlimasyadiqa]

The correction that we have seen I think is pretty normal after bitcoin sitting at a good price since some took profit and I guess this is a good time to rebuy. Many hopes that we would reach 3000 USD soon but I think it would take a longer time before it really reaches that. I kinda like bitcoin's price the way it is now, sitting on a price range above 2000 USD. It would rise again soon but I think it won't reach 3000 USD that easily.

This looks normal because the previous bitcoin has increased very high. Right now people are hoping for another bitcoin price increase. Now we are too comfortable with the 2700USD rates. If there is a decline up to 2000USD of course this will make a bit of trouble among bitcoin users. They will lose a lot of money when it has invested some time ago.

[DustyRah]

Of course the price is going down, a correction was very much expected. Even now its worth booking profits since there is way more to go down.

[Danslip]

Investors need liquidity and for liquidity you need low prices to buy

[richardsNY]

Of course the price is going down, a correction was very much expected. Even now its worth booking profits since there is way more to go down.

Correction phase has started at the time the price peaked at +$2750 last month -- traders are desperately looking to cash out profits. Main point of importance is that there is barely any serious buy support, which basically explains why the price is bouncing up and down with $200-$300 in a matter of hours. In order to move forward and break through this cycle of bouncing up and down, we need to wait till a certain number of larger traders have liquidated their positions.

[Limbor]

Of course the price is going down, a correction was very much expected. Even now its worth booking profits since there is way more to go down.

Correction phase has started at the time the price peaked at +$2750 last month -- traders are desperately looking to cash out profits. Main point of importance is that there is barely any serious buy support, which basically explains why the price is bouncing up and down with $200-$300 in a matter of hours. In order to move forward and break through this cycle of bouncing up and down, we need to wait till a certain number of larger traders have liquidated their positions.

We see dramatic changes in the Bitcoin course today, of course, different things may influence these fluctuations, but I think that Bitcoin users will not suffer significant losses. If the price is unchanged at the end of the year, then in 2018 we will see Bitcoin's active growth. Maybe I'm wrong, But this is my sense.

[Janation]

I think it will depend on how the people will be dropping or selling their bitcoins because of the panic about these network splitting, but one thing they don't know, bitcoin price will be pumping all the way $3500 after the month of August when the bitcoin network spliiting will occur. I think many investors now are planning to buy more.

[talkbitcoin]

it is always a good idea to both look at the bigger picture and also look at some percentages.

we are up 150% from the start of this year.
we are up about 500% compared to last year.
price broke the $2000 resistance and started rising at a very fast speed and reached $2900 in a very short time. now we are down only 13% from that top.

you see when you look at things through a different eyes they look pretty different and normal

[boyptc]

I knew it that after the price decrease of bitcoin many will take the advantage. And look now from $2,100 which is the dip of this drop. If the price of bitcoin will even reach at $2,500 I can now finally sell some of my bitcoins as I need to buy a gift from my popsie and it will be special. Hoping it will pump some more after 2 days.

[DaftAjax]

It will just probably be one of those days that Bitcoin will somewhat decrease but will not drop that much. Because up to now the value of the Bitcoin is increasing exponentially and it will continue to rise due to the popularity of this digital currency. Many people are now investing more in Bitcoin as well as many people are now accepting Bitcoin.

[ParabellumLite]

It will just probably be one of those days that Bitcoin will somewhat decrease but will not drop that much. Because up to now the value of the Bitcoin is increasing exponentially and it will continue to rise due to the popularity of this digital currency. Many people are now investing more in Bitcoin as well as many people are now accepting Bitcoin.

Who's many? Bitcoin still got the same problem it got in 2013, that being: nearly no one uses it. There are no 'many people' accepting Bitcoin. Bitcoin is almost never being used for purchasing stuff, and its usecase is limited.

If I were to buy a kilo of coke with Bitcoin, I would have a hard time spending it on clothes, fuel or other things. Do not fool yourself by saying it is a popular thing out there now, or being used often to actively purchase things. The value of Bitcoin is still nearly exclusively speculative, save the fact that it is being used as a bridge coin in the altcoin market - which has undoubtedly been a major catalyst for its increase in value over the past few months.

[DaftAjax]

It will just probably be one of those days that Bitcoin will somewhat decrease but will not drop that much. Because up to now the value of the Bitcoin is increasing exponentially and it will continue to rise due to the popularity of this digital currency. Many people are now investing more in Bitcoin as well as many people are now accepting Bitcoin.

Who's many? Bitcoin still got the same problem it got in 2013, that being: nearly no one uses it. There are no 'many people' accepting Bitcoin. Bitcoin is almost never being used for purchasing stuff, and its usecase is limited.

If I were to buy a kilo of coke with Bitcoin, I would have a hard time spending it on clothes, fuel or other things. Do not fool yourself by saying it is a popular thing out there now, or being used often to actively purchase things. The value of Bitcoin is still nearly exclusively speculative, save the fact that it is being used as a bridge coin in the altcoin market - which has undoubtedly been a major catalyst for its increase in value over the past few months.

You misunderstood what I am saying, in what I mean about "many" is that, in those countries that have already consider Bitcoin as their currency, people living in those countries are now accepting Bitcoin. And yes it is not popular all over the world but on those countries that have accepted it. Even shops on these countries are now accepting Bitcoin as payment, I am not fooling my self. You should check it out yourself.

[ParabellumLite]

It will just probably be one of those days that Bitcoin will somewhat decrease but will not drop that much. Because up to now the value of the Bitcoin is increasing exponentially and it will continue to rise due to the popularity of this digital currency. Many people are now investing more in Bitcoin as well as many people are now accepting Bitcoin.

Who's many? Bitcoin still got the same problem it got in 2013, that being: nearly no one uses it. There are no 'many people' accepting Bitcoin. Bitcoin is almost never being used for purchasing stuff, and its usecase is limited.

If I were to buy a kilo of coke with Bitcoin, I would have a hard time spending it on clothes, fuel or other things. Do not fool yourself by saying it is a popular thing out there now, or being used often to actively purchase things. The value of Bitcoin is still nearly exclusively speculative, save the fact that it is being used as a bridge coin in the altcoin market - which has undoubtedly been a major catalyst for its increase in value over the past few months.

You misunderstood what I am saying, in what I mean about "many" is that, in those countries that have already consider Bitcoin as their currency, people living in those countries are now accepting Bitcoin. And yes it is not popular all over the world but on those countries that have accepted it. Even shops on these countries are now accepting Bitcoin as payment, I am not fooling my self. You should check it out yourself.

I'm not doubting a select few shops are selecting BTC, I'm doubting your use of 'many' here. I think you should be wary about creating an image about BTC as a widely used people's currency, which it isn't as of today. I also have a hard time believing many people will start using it in the coming few years, but we'll see about that. 

I at least see very little incentive for them to switch from stable fiat to BTC, nor do I envision governments allowing BTC to grow too large, as that would pose serious risks from a viewpoint of battling tax evasion, the financing of drugs and other things governments will want to prevent at all cost.

[DaftAjax]

You misunderstood what I am saying, in what I mean about "many" is that, in those countries that have already consider Bitcoin as their currency, people living in those countries are now accepting Bitcoin. And yes it is not popular all over the world but on those countries that have accepted it. Even shops on these countries are now accepting Bitcoin as payment, I am not fooling my self. You should check it out yourself.

I'm not doubting a select few shops are selecting BTC, I'm doubting your use of 'many' here. I think you should be wary about creating an image about BTC as a widely used people's currency, which it isn't as of today. I also have a hard time believing many people will start using it in the coming few years, but we'll see about that.  

I at least see very little incentive for them to switch from stable fiat to BTC, nor do I envision governments allowing BTC to grow too large, as that would pose serious risks from a viewpoint of battling tax evasion, the financing of drugs and other things governments will want to prevent at all cost.

Uhum. I think "Many" is not the right word for that, maybe its "Few". And yes, this is a speculation in the future of BTC.
And I agree with you, I never imagine a country having no tax or no fiat, that'll be devastating, its like having no government at all.

[xhienigat]

Just expect the worst if you want to know how much it'll probably decrease. For we can't really tell for sure the exact amount it will drop down to. Anyways if it'll decrease, for sure it will rise back up again just like what it did for the past few years.

[skorupi17]

bitcoin price is decreasing.can anyone predict how much it will decrease?

thanks

Anyone can predict something but no one is certain. It is impossible to have a 100% accuracy about predictions in Bitcoin.

For my own prediction, Bitcoin will go down around the 2200 USD price but will never go under the 2000 dollar mark. We have Australia as a trump card for the price so nothing to worry about.

[ngin-x]

You misunderstood what I am saying, in what I mean about "many" is that, in those countries that have already consider Bitcoin as their currency, people living in those countries are now accepting Bitcoin. And yes it is not popular all over the world but on those countries that have accepted it. Even shops on these countries are now accepting Bitcoin as payment, I am not fooling my self. You should check it out yourself.

I'm not doubting a select few shops are selecting BTC, I'm doubting your use of 'many' here. I think you should be wary about creating an image about BTC as a widely used people's currency, which it isn't as of today. I also have a hard time believing many people will start using it in the coming few years, but we'll see about that.  

I at least see very little incentive for them to switch from stable fiat to BTC, nor do I envision governments allowing BTC to grow too large, as that would pose serious risks from a viewpoint of battling tax evasion, the financing of drugs and other things governments will want to prevent at all cost.

Uhum. I think "Many" is not the right word for that, maybe its "Few". And yes, this is a speculation in the future of BTC.
And I agree with you, I never imagine a country having no tax or no fiat, that'll be devastating, its like having no government at all.

Yeah of course not because the gubbermint always knows and wants what's best for us right?

[richardsNY]

We see dramatic changes in the Bitcoin course today, of course, different things may influence these fluctuations, but I think that Bitcoin users will not suffer significant losses. If the price is unchanged at the end of the year, then in 2018 we will see Bitcoin's active growth. Maybe I'm wrong, But this is my sense.

It's important to understand that people only lose when they sell their coins at lower levels than their coins were bought -- till this day people still don't seem to realize that. Another important aspect to look at, is how much growth we have gone through recently. I for now can't see the price increase much further than our current all time high of +$2900. Why? It's because of the uncertainties around the UASF, and then mainly what the BU gangster side will come up with.

[sasaku bitbit]

The price decreased happening right now is not on critical level and im so sure that this downfall will not take for so deep since people are preparing their fiats to buy cheap BTC at this moment so don't ever expect that theirs another big fall will be happen since History happening on bitcoins will not repeat and people would not let it to be happen since they might gonna lose some money also if bitcoins fall for more.

i am hopeful that it will be just a correction and not a critical condition. in fact people are holding bitcoin from 1000$ level and still holding it, may be some people want to sell their bitcoin secure the profit. and they may also be looking for investment again in low  price, so i am hopeful that the price of bitcoin will not stay here for a long time but after some time it will again pick the accelerator and will surely start increasing.

Perhaps this is not a price drop this decline because bitcoin won't take So much because people are preparing their fiats to buy cheap BTC currently so never expect that their great falls others will occur because the history happened on bitcoins will not be repeated and the people will not let it be happen because they will probably also lose some money if bitcoins fall for more then most people that people expect prices to decline but not stable bitcoin for those