Will bitcoin drop?

[harizen]

I expect bitcoin at $2000 in November, because a lot of FUD is coming and the november fork fud hasn't even started yet and we see bitcoin dropping a thousand dollars.

If you remember July, two weeks before August 1, then expect something similar... but twice as big.

Yes two weeks before August 1, the price pumps more even there is a FUD and negative speculation/s about the price decrease that expected to happen after August 1st fork. But contrary to what majority is speculated, the price rose more and passed $4,000 for about two weeks later after August 1st.

I don't see any FUD in the upcoming event again at November and all I can say is, this recent price drop can considered as good opportunity to acquired more bitcoin on anyone's portfolio. Since majority is waiting for it, what are they gonna do that their hopes become true? Still wait for more dips or will now accumulate more funds on the stash? 

[1715077856]

1715077856

[1715077856]

1715077856

[1715077856]

1715077856

[1715077856]

1715077856

[goinmerry]

We are used to this kind of price movement, price will increase hard then will also decrease hard but in the end what happen?

Now that price decrease for around $1,000 right now, I think I will agree to everybody's saying that an average bitcoiner can take this opportuniny to increase the quantity of their bitcoin. Id rather take and face the risk of buying it today than waiting for more price dip.

[Gotomoon]

There are many speculation about bitcoin price that it will drop so hard. If we will not take the risks in buying at the low price and suddenly it become soaring high. We will feel regret again by not taking the opportunity, so I'd rather hold and wait for the price to high again.

[meelvanchris]

There are many speculation about bitcoin price that it will drop so hard. If we will not take the risks in buying at the low price and suddenly it become soaring high. We will feel regret again by not taking the opportunity, so I'd rather hold and wait for the price to high again.

That's better but if you have excess money then you can buy some bitcoins at current price as price is below $4000 and most of the people were waiting for this price so that they can buy at lower price and if you don't want to buy then hold your existing coins and wait for the price to go higher once again.

[michellee]

There are many speculation about bitcoin price that it will drop so hard. If we will not take the risks in buying at the low price and suddenly it become soaring high. We will feel regret again by not taking the opportunity, so I'd rather hold and wait for the price to high again.

That's better but if you have excess money then you can buy some bitcoins at current price as price is below $4000 and most of the people were waiting for this price so that they can buy at lower price and if you don't want to buy then hold your existing coins and wait for the price to go higher once again.

i see many trader is already buying at $39xx and they are waiting for another down and I think the price will be down again. I think if one bad news is release, many people panic and they do fast selling and this makes bitcoin drop for more. I don't know why they are too easy to be panic but we don't need to follow their step.

[Kp4everK]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

I'm sure it will be, the limit is reached, some have already begun to sell, so in the next month I think a fall will begin. The question is different in how many, but here it is difficult to guess. And analysts, they are people who can also put forward only assumptions.

[avp2306]

Eliot waves analysts

https://ewminteractive.com/btcusd-ready-another-terrifying-pullback

and Goldman Sach says that bitcoin will top $4800 and then drop

I wonder if any people here agree

Here are the links

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

I'm sure it will be, the limit is reached, some have already begun to sell, so in the next month I think a fall will begin. The question is different in how many, but here it is difficult to guess. And analysts, they are people who can also put forward only assumptions.

Next month? Maybe No and I think by next month there's another great happening on bitcoins itself since the fuds nor the correction wanna be is done and might we can see some major changes to the price. And don't see any fall on it but instead we might provably see some great rise on october.

[negancoin]

when bitcoin crash is a opportunity to buy, not a big deal.

[sanjeevtalks]

I attribute the current downfall to three reasons:

1) China market uncertainty related to future of Bitcoin Exchanges
2) People selling coins after reaching $5000 mark to rake in profits.
3) JP Morgan's CEO statement against Bitcoin.

This is just a above average Technical pull-down situation. The value will again go up once people start buying more.

[marcuslong]

Some prediction are becoming true however if you can't handle the bitcoin price drop then you people don't deserve when the price increase up to multiple times this is the thrill here when the price drop people had their chances to use bitcoin the the market will fall too alternative coins and others so better to buy now before its too late.

[azguard]

We are used to this kind of price movement, price will increase hard then will also decrease hard but in the end what happen?

Now that price decrease for around $1,000 right now, I think I will agree to everybody's saying that an average bitcoiner can take this opportuniny to increase the quantity of their bitcoin. Id rather take and face the risk of buying it today than waiting for more price dip.

What happen price recovered. Sometimes fast sometimes slow. This will be the same, price went up fast so it must fall down fast to certain point then it will start recovering for good. Next maybe major move can be in November for some bigger price change.

[BitHodler]

I attribute the current downfall to three reasons:

1) China market uncertainty related to future of Bitcoin Exchanges
2) People selling coins after reaching $5000 mark to rake in profits.
3) JP Morgan's CEO statement against Bitcoin.

This is just a above average Technical pull-down situation. The value will again go up once people start buying more.

Why can't it be a perfectly normal correction instead of external statements affecting this market? It's option (2) that I deem to be a realistic reflection of what is currently happening.

People kept hodling on to their coins for quite a long time (much longer than I was expecting), which has greatly contributed towards reaching the $5000 mark this month ~ people are in the game to make profit after all.

If one doesn't cash out, there will be no profits. I am quite confident that the $3000 mark will form a rock solid bottom. Considering what we have gone through, seeing sub $3000 levels is like the market being oversold.

I will use this opportunity to buy myself a whole lot of more coins the lower it keeps falling. My next buying target sits below the $3500 mark ~ currently the price went down all the way to $3620 on Bitstamp.

[funnyapple]

Yes, their will be a chance of bitcoin to drop but there is less chance of dropping but chance of increasing of bitcoin is more than dropping.  From past many years there was continuously increasing a bitcoin.

[DustyRah]

I think the price will drop below the 2xxx mark easily. There are a LOT of people who would be profitable even at that level so they will dump when it starts to go down more. Panic selling is already under way. To be honest, since traders are involved, there would be  no profits without the ups and downs. In the long run, even those who bought at $5000 mark will profit anyway.

As for Chinese exchanges, I hope they all close down permanently and the Chinese are out of this game. They cause a lot of uncertainty and rules there change on a daily basis and in an unpredictable manner since their process is not transparent.

[goinmerry]

There are many speculation about bitcoin price that it will drop so hard. If we will not take the risks in buying at the low price and suddenly it become soaring high. We will feel regret again by not taking the opportunity, so I'd rather hold and wait for the price to high again.

That's better but if you have excess money then you can buy some bitcoins at current price as price is below $4000 and most of the people were waiting for this price so that they can buy at lower price and if you don't want to buy then hold your existing coins and wait for the price to go higher once again.

i see many trader is already buying at $39xx and they are waiting for another down and I think the price will be down again. I think if one bad news is release, many people panic and they do fast selling and this makes bitcoin drop for more. I don't know why they are too easy to be panic but we don't need to follow their step.

Panic happens everywhere.

Because price decrease is considered as bad thing to happened by others, they must learn how to flip the coin back and take this price decrease as an advantage instead. Buy more during the dips and never sell during downtrend. Why in the first place someone will sold their coins at below price they bought it. It's not a wise move although the purpose it to minimize losses. They should realized that bitcoin is long term so just gather coins and forget price decrease. Chances for bitcoin to become zero value is low chance so just face the risks.