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Question: Will we see another correction before Aug 1th?
Yes - 20 (41.7%)
No - 28 (58.3%)
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Author Topic: Will bitcoin dip below 2000 again before Aug 1?  (Read 4536 times)
TravelMug
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July 19, 2017, 08:30:21 AM
 #21

IMHO, yes bitcoin price will go down sub $2000 as we go near that date. The uncertainly is going to be real that a lot of people would rather sell off their bitcoin before Aug 1 and not worry and will go back again once everything looks fine. But I don't want to speculate how low the price could be. I just believe that it will go down. Although I'm not sure as well when the price dip will be a perfect time to buy again because of the low price. Let's just wait and see how everything will pan out.

R


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July 19, 2017, 09:05:13 AM
 #22

If it seems to me, it will not happen again. Seen now bitcoin prices have started to boost again and start rising above $2000. But that's just my prediction alone, I do not know whether bitcoin fall below 2000 again or not, which obviously in my opinion will not fall below $2000 again. Well hopefully, just wishes only of me and my prediction.

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July 19, 2017, 10:41:41 AM
 #23

IMHO, yes bitcoin price will go down sub $2000 as we go near that date. The uncertainly is going to be real that a lot of people would rather sell off their bitcoin before Aug 1 and not worry and will go back again once everything looks fine. But I don't want to speculate how low the price could be. I just believe that it will go down. Although I'm not sure as well when the price dip will be a perfect time to buy again because of the low price. Let's just wait and see how everything will pan out.
But, if you refer coin.dance the softfork consensus is having solid 88% support from miners which means there will be no more panic about chain split to happen and scalability issue will be solved in a manner we all preferring. In this case there will be no more chances for prices to fall down below $2000 anymore.

I am expecting prices to touch $2950 once again but well in advance august 1. We can expect another downfall from $2900+ but I am sure that will not break $2000 levels.
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July 19, 2017, 11:03:57 AM
 #24

It seems the dip below $2000 is over for this month though everything could happen as we are getting near at Aug 1st. Price is currently slowly recovering from the dip and seems panic is over so I guess there is no second time dip before Aug 1.
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July 19, 2017, 04:35:14 PM
 #25

I think that we are still in that fear, panic low time. The correction that happened and that rapid jump from $1800 to $2300 can be just people wanting to grab as many cheap coins as they could. Everyone here is talking that it was the best possibility to buy cheap coins and now we are heading for 5k and so on. The comeback from 1800 was too quick to claim it as natural correction, it's just people wanting to buy at low price that without knowing pumped its price back to above 2000. And as it's pumped price we can expect it to drop again and remain low until August 1st with these "pumping" episodes of $2000+ back again for couple of days. It's not like we are magically "safe". I know that everyone here believes in bitcoin as a general idea and is hoping for it to grow to 1000000 per coin, but there are businessmen looking at it purely financially and with millions of dollars invested they are going to be afraid and panic hearing something about dangerous things happening on August 1st.
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July 19, 2017, 05:06:45 PM
 #26

It seems the dip below $2000 is over for this month though everything could happen as we are getting near at Aug 1st. Price is currently slowly recovering from the dip and seems panic is over so I guess there is no second time dip before Aug 1.
well we can't really assure that mate as we all knew that it will still happen if split will happen since there might be two coins and it will
need to adjust though it still in speculation and segwit seems to be winning but whales might be still not enough and will continue to
shake till aug 1 past.

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July 19, 2017, 05:48:20 PM
 #27

I personally feel the bitcoin price will still drop again before 1st of August, but it does not seem to be going down too far. I think $1800 - $2000 is the fall of bitcoin prices before 1 August.

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July 19, 2017, 08:00:30 PM
 #28

I personally feel the bitcoin price will still drop again before 1st of August, but it does not seem to be going down too far. I think $1800 - $2000 is the fall of bitcoin prices before 1 August.

Everybody will press the panic sell button before 1 august. I also expect prices will go down till 1500$(support line) btc/usd rate Wink


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July 19, 2017, 08:02:13 PM
 #29

I personally feel the bitcoin price will still drop again before 1st of August, but it does not seem to be going down too far. I think $1800 - $2000 is the fall of bitcoin prices before 1 August.

Everybody will press the panic sell button before 1 august. I also expect prices will go down till 1500$(support line) btc/usd rate Wink

People will panic, sell and then it'll go back within a couple of weeks.

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July 19, 2017, 08:40:57 PM
 #30

It's funny how much the price currently depends on the Segwit2x evolution - one could build a bot taking Twitter announcements from pool owners & Segwit2x developers and the signalling rate for BIP91 as a source for trading. Grin

So definitively it's possible that we dump again under $2000 or even lower:
- if in the current signalling period we don't reach 80% for BIP91, I think we'll see the $2100 region again.
- if in the second signalling period we stay continuously under 80%, $2000 could be broken.
- if a major pool publicly announces it drops out of the agreement and doesn't signal BIP91, then I expect prices of less than $1800. It is even possible that then the old ATH from 2013 of ~$1250 or ~$1160 (depending if MtGox or Bitstamp) is being tested.

How likely is that? Well, for now, I think we have a 70-80% probability for BIP91 Segwit2x to lock in, but the second scenario I described could well become true (the third is unlikely, I think), so yes, we could have a 50% probability to fall again below $2000.

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July 19, 2017, 11:39:07 PM
 #31

IMHO, yes bitcoin price will go down sub $2000 as we go near that date. The uncertainly is going to be real that a lot of people would rather sell off their bitcoin before Aug 1 and not worry and will go back again once everything looks fine. But I don't want to speculate how low the price could be. I just believe that it will go down. Although I'm not sure as well when the price dip will be a perfect time to buy again because of the low price. Let's just wait and see how everything will pan out.

I must say, we have the same perspective on  these coming days. Up until now, uncertainties are circling the community, no one is certain about what will happen on the said date. Though the panic selling stopped early than I expected, this might just happen again as we approach the day. I think we might go deeper than 1800 USD next time. I am not certain but this is what I am expecting.
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July 20, 2017, 05:00:55 AM
 #32

I checked many people choose next time will have the bloodbath and the price of Bitcoin dip again. But with me I very like doing the opposite with idea of crowd and waiting my profit Cheesy. I will hold my Bitcoin and buying at now for go ahead haha

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July 20, 2017, 05:14:22 AM
 #33

IMO, I think it will, since last few days ago it happened. It can happen again easily.
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July 20, 2017, 07:23:06 AM
 #34

It's usually been dipping hard on weekends so we'll find out in about 2 days.
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July 20, 2017, 11:34:51 AM
 #35

We never know that, but there's a possibility that bitcoin price was dip below $2000. Because marketing of bitcoin was affected to coming separation of bitcoin segwit. That's why more users were sell their bitcoin also, they were worries regarding to the declining value of bitcoin in the market.
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July 20, 2017, 12:16:56 PM
 #36

We never know that, but there's a possibility that bitcoin price was dip below $2000. Because marketing of bitcoin was affected to coming separation of bitcoin segwit. That's why more users were sell their bitcoin also, they were worries regarding to the declining value of bitcoin in the market.
How can you explain that now the price of bitcoin 2513 dollars? The price is rising before our eyes. August 21 must be stopped segwit? While I was writing this post the price is $ 2518! I'm in shock! It generally defies any logic.
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July 20, 2017, 01:47:19 PM
 #37

So what do you think? Bitcoin has dipped below 2000 USD cause of the panic sales people had for the oncoming aug 1 hard-fork,

Do yall think this is the only dip + correction we will see before august 1? And that we stay at the 2000 bottom,

Or do you think that the real price dip still has to come?






No more dips here after.Bitcoin has already recovered from its down fall and now its price is around $2577.Bitcoin would only tend to move in bullish trend here after.So it would be wise to hold bitcoins instead of selling in panic.
xIIImaL
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July 20, 2017, 03:01:34 PM
 #38

yes because because the last week before august 1st is the real panic selling where half of the user in bitcoin would definitely sell their bitcoin because they don't want to risk their btc just to stand what they into. but being a aware on what's possibly could happen is the most better to do. I've been part of bitcoin since the price of bitcoin is around $500 so i know what it feels when i sell out all my bitcoin when the august 1st will come. so just like what im always saying its better to be safe than sorry.
Anything can happen to bitcoin. Bitcoin prices will be easy to change, especially you are people who have long known bitcoin.
Many stories that we can use as a lesson. Do not be strange when you see bitcoin prices increase and decrease easily.

We cannot speculates the bitcoin changes exactly still it is easy identify the symptoms and implementation which gonna happen in upcoming month and compare that with bitcoin chart changes. That will give answer to know whether price gonna fall near or not.
CheapYoutubeHits (OP)
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July 20, 2017, 09:01:02 PM
 #39

Price still  hasnt diped below 2000 and infact its actualy rising atm!
Herman Hesse
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July 20, 2017, 10:55:03 PM
 #40

I don't believe that the price of BTC will dip below 2000 USD before 1 Aug, I think 2200 should be the bottom for now, unless something big comes out..

But I would like to here your opinion on one interesting question.

Since the situation with SegWit, fork etc is practicaly resolved (with fork at least till November),

I would  like to hear your opinion  what could be the cause of dip in price during July, August and September (by dio I mean price dip of at least 10 % in one or two days..)

1) some other bad news that causes panic

2) regular corrections, (like on May 27)

3) planned try of dump by big players

4) ... ??

5) ... ??




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