Bitcoin Prices incline below $4000 to Hit 7-day low

[Elena_Rodriguez]

The bitcoin price is back below $4000. According to a period of high records, declination on average prices across global exchanges at the start trading on August 22. It was already dipped more than $150 from the day’s open. At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15. 

[Catmony]

But price is already recovering from the dump, I think this one is usual correction after a long bull run. Price might settle between $4000 and $4500 for next few weeks before pumping over $5000.

[btc_angela]

I think the price has recovered to $3900 just now. New investors, people who have sold already, are people who are buying from this dip, which for me is a healthy correction. I think it will settle around $4000 for now, I don't know about $4500 though, this barrier has been touched but people starting to cash out for profit. Though I think we can break it, but it will take some time to really touch it again and sustained it for long time.

So for people who are waiting to enter the scene, right now is the perfect timing. You don't have to wait till the price goes to $3000 because it will not happened now. Bitcoin has already reach new heights so I doubt that $3000 will be possible without people buying back immediately.

[PoorLad]

Hmm. Maybe I finally can put my 500EUR chilling at Kraken into use. Expected to use them 1. Aug, but BTC rocketed before I got a chance

[OMGyasuo]

That is probably something that will happen, btc not raise prices forever and the market must also increase at once. And I think that is also an opportunity for us to make a profit. I think the discount is normal and btc will increase again.

[Hamphser]

That is probably something that will happen, btc not raise prices forever and the market must also increase at once. And I think that is also an opportunity for us to make a profit. I think the discount is normal and btc will increase again.

You said was definitely true into bitcoin on which we wont able to see rising prices forever and there would really be days on which the price would drop again and its not really surprising knowing that bitcoin is volatile on any way which means price moves in different directions anytime without our notice but i dont really worried too much on these kind of events and we should be thankful because we can still able to purchase cheaper coins.

[ku8475]

It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly. 

As always, never don't hodl.  Pop bottles, and Hodl.

[Kronos21]

For me, the price of bitcoin doesn't matter. Of course when the price increases I perceive it as a nice bonus, but the main thing for me is that I can have a constant additional income in bitcoins. In any case it helps me to buy more things I needed for life.

[Apes]

It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly. 

As always, never don't hodl.  Pop bottles, and Hodl.

it seems like what you say debates scaling away the elation somewhere from the north seems to pump officials around there going green turmoil never hodl what?

[k@suy]

It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly. 

As always, never don't hodl.  Pop bottles, and Hodl.

I think so. There is also another bitcoin forked by November, another FUD news will be out soon about this. It will affect bitcoin price again. Also OP is correct, it is below $4,000 and I hope it will not go down further. I think there is a support at $3800.

[carlisle1]

It seems just when the scaling debate appears to be settled, another plot twist comes out of nowhere and confidence in bitcoin goes south rapidly. 

As always, never don't hodl.  Pop bottles, and Hodl.

I think so. There is also another bitcoin forked by November, another FUD news will be out soon about this. It will affect bitcoin price again. Also OP is correct, it is below $4,000 and I hope it will not go down further. I think there is a support at $3800.

support will be there in anyhow and they will keep buying those dumped coins from weak holders if you are in the side of believers better to keep investing
and never to panic bitcoin will bring a new ath before this year end better to keep accumulating.

[okissabam]

Yes I think this is just a healthy price correction, so for those who wants to buy bitcoin now would be the right time to buy them. And I don't think bitcoin will go far down much further than $3500 in my opinion too.

[BTCLovingDude]

At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15. 

this is not much of an article my friend, you just reported a couple of numbers and just in a short period of time.
and when you look at things with a limited vision of course you miss a lot of stuff. what you see as a "decline" is just
a +44% rise in 30 days.
and a +90% rise in 60 days
and  ....
a 280% rise in first 8 months of 2018
...
and a 600% rise compared to last year the same time.

[Vishnu.Reang]

I checked the graphs at Bitcoinwisdom. The prices went down to around $3,600, before stabilizing at $3,900-4,000 levels. The decline was much less severe than the one predicted by Goldman Sachs.

[Kemarit]

The bitcoin price is back below $4000. According to a period of high records, declination on average prices across global exchanges at the start trading on August 22. It was already dipped more than $150 from the day’s open. At the time of writing article, bitcoin was trading at $3861.87 as it was its lowest price since April 15. 

LOL what April 15? That price during that time hasn't reached $3000 yet so please double check what you put into the forum.

If you are referring since Aug 15 then this is nothing new for the bitcoin market. This is what you called a minor price correction. And bitcoin has demonstrated from the past that it is very resilient to this kind of instability and has the ability to recover beyond its previous all-time high after going through minor corrections.

You will also need to understand that this dip has positive effects as well. New investors can get it even you can buy bitcoin now because there are market analyst have raised their short-term price targets for bitcoin from $5,000 to $7,000.

[Tszunami98]

I checked the graphs at Bitcoinwisdom. The prices went down to around $3,600, before stabilizing at $3,900-4,000 levels. The decline was much less severe than the one predicted by Goldman Sachs.

Goldman Sachs always get storys wrong about bitcoin. They always seem to find opportunities to make bitcoin look bad.
I think these variations in price are normal and the price will continue to grow reaching 5k until the end of the year if not more. The only thing that can slow down bitcoins are the altcoins that seem to have a raise in popularity among traders lately.

[ameliana]

Many people want price Bitcoin down, I think a good chance to buy a lot of bitcoin.
And hold it until BITCOIN price goes up.

[Casalania]

i dont know the reason why its price goes down, but this is actually what the investors want to happen in bitcoin, by the time it dumps, a lot of investors will buy bitcoin and by that, the price of bitcoin will soon to increase again.

[grermezter]

But price is already recovering from the dump, I think this one is usual correction after a long bull run. Price might settle between $4000 and $4500 for next few weeks before pumping over $5000.

I think investors should by now be familiar with the trend on how bitcoins value rises and falls, This is the same thing that happened when it finally broke the $3000 barrier, it hovered around  for some and then dip for almost a month or so and then it finally begun to rise. Newbie investors at this stage panic and start to sell.

[HatakeKakashi]

As of now the price decreased but if you see the price it will recover again and for sure maybe tomorrow it will back again to the current price. So if you have a lot of money you can buy more bitcoin and for sure you can earn a lot of profit in the future. More bitcoin more money to come we dont know what exact happen to the bitcoin price it depends only on the demand in the market but i hope it will increase.