Bitcoin Is Falling Down?

[AngelSky]

Well the main reason behind the falling of bitcoins is China. Most of bitcoin user may not aware about the tweet of Charlie Lee. He said "China finally banned bitcoin". But after few moment Charlie delete the tweet. Because its still not confirmed yet. Also You can Blame the ICOs banned is the ony cause of bitcoin price down fall.

Ya true. The price fall is due to China. But now I had heard the news of they get back the banned. In past two days the price of bitcoin is stable in the rate of 3800$.Even it crossed the value of 4100$ today.This shows that the bitcoin again raised back to It's originality. You can see the high value soon.

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[romero121]

Well the main reason behind the falling of bitcoins is China. Most of bitcoin user may not aware about the tweet of Charlie Lee. He said "China finally banned bitcoin". But after few moment Charlie delete the tweet. Because its still not confirmed yet. Also You can Blame the ICOs banned is the ony cause of bitcoin price down fall.

Ya true. The price fall is due to China. But now I had heard the news of they get back the banned. In past two days the price of bitcoin is stable in the rate of 3800$.Even it crossed the value of 4100$ today.This shows that the bitcoin again raised back to It's originality. You can see the high value soon.

Yes, the price of bitcoin  felt as low to $2900 in a very small time period. This happened when the issue with China was on fire and not got a  conclusion. Now the price has crossed the $4000 mark and soon this will be going higher and will create new ATH. Maybe we might reach $5000 or even higher.

[Hazir]

At this point we can see it is fairly standard Chinese FUD, we have bad news liked to ban of leverage trading and next bank transfers and yuan trading has been halted for some time.
It is another level of the same strategy, it is not like we won't have yuan to BTC trading at all, we won;t have big exchanges - most Chinese traders moved to p2p trading anyway.
Services like localbitcoins will start to shine, even more, nothing can change in the long run. Stop panicking.

[2double0]

Guess that Chinese must be crying over their moves they tried to play all of a sudden and created an environment of panic.
The decline Bitcoin faced due to them was harsh but what was surprising to me and anyone here was the recovery in just days after it fell down. Your predictions for it to be under 3k became air when it started gaining hard after reaching to those dumping levels. Obviously there were many pessimists who wanted that everyone sell it and they buy the hell out of it once again, so I congratulate them who became wise and bought Bitcoins during its declining period. Guys, those who bought near 3k must be having 25% profit at least atm and feel pity for those who became part of the panic and sold off their hard earned coins under the influence of all this Chinese melodramatic act.

[taxmanmt5]

When did you post this because it is nowhere near Polly? I've seen these Post in these threads all week long and the fact is that there are very small discrepancies and very small drops there's nothing anywhere near what would what would be considered a drop. I don't know where everybody's getting their information from because it is holding steady at 4,000 with very small drops.

[ericson]

It was because of that china issues because of them bitcoin has gone dow by a 10% in weeks  but not always it because som investors have shutted down and more  else but this will be recovering because bitcoin always recover

[zulkarnaen]

I guess about the ups and downs of prices on bitcoin is already a part of
Bitcoin system, certainly some parties use it as an opportunity to gain profit, and although the last few weeks bitcoin prices had dropped but I'm optimistic if bitcoin prices will continue to increase again because bitcoin has good market as profitable business.

[coolstory]

I guess about the ups and downs of prices on bitcoin is already a part of
Bitcoin system, certainly some parties use it as an opportunity to gain profit, and although the last few weeks bitcoin prices had dropped but I'm optimistic if bitcoin prices will continue to increase again because bitcoin has good market as profitable business.

Every time when the bitcoin price declined dramaticallay, it saw another all time high price after that decline. So we can easily expect $5000 soon for bitcoin's price. And $400 for ethereum.

[shalnark]

I guess about the ups and downs of prices on bitcoin is already a part of
Bitcoin system, certainly some parties use it as an opportunity to gain profit, and although the last few weeks bitcoin prices had dropped but I'm optimistic if bitcoin prices will continue to increase again because bitcoin has good market as profitable business.

Agree, sometimes it is part of bitcoin system but there were instances that bitcoin value was fall down due to unpredictable problem that experience of crypto currency. However, I believe that after this bitcoin fall down it was increase again, all we need is to wait and be patience.

[BitHodler]

Every time when the bitcoin price declined dramaticallay, it saw another all time high price after that decline. So we can easily expect $5000 soon for bitcoin's price.

It's because there need to be a correction to allow people to cash out their profits, but at the same time attract capital to enter the market. Nothing in the world increases in one straight line.

People here shouldn't forget that a lot investors are very short term minded, and thus are guaranteed to cash out their profits after a while. Funny thing is that these people quite often end up re-entering the market at a premium.

Bitcoin has been growing in value constantly, and if we look at people who thought to had a good deal by cashing out at $2000, they can't be anything but disappointed in themselves for doing so ~ Bitcoin doesn't wait for anyone.

If you sold too early, you either wait for the price to fall down, which might not even happen, or you buy back at higher levels ~ everything has a risk involved, but the latter mentioned is the best option, long term speaking.

[GreatArkansas]

It is falling down. Because of some news and China dramas. It's really really sad, bitcoin is decentralized but on this situation it makes not decentralized anymore. 

[error08]

Bitcoiners eyes all over the world are on China govs, people are getting ready to dump their bitcoin again just in case China regulators completely ban bitcoin, including mining pools. Current price keep declining since few hours ago, not sure why but maybe it will continue to drop.
It's inevitable how the market react according to China regulation about bitcoin, since there are more good news about bitcoin development in Japan and Russia.

[bitcoindusts]

Bitcoin is still falling down right after the recovery from the previous dip.  I do not know what caused the dip now though I think the support had already exhausted making Bitcoin price to go down below $4000 again.  I think it will continue to fluctuate this way until the market is clear of this Chinese FUD.  Sad we have to wait another month to see the real effect of closure of exchanges in China.

[mrcash02]

Every time when the bitcoin price declined dramaticallay, it saw another all time high price after that decline. So we can easily expect $5000 soon for bitcoin's price.

It's because there need to be a correction to allow people to cash out their profits, but at the same time attract capital to enter the market. Nothing in the world increases in one straight line.

People here shouldn't forget that a lot investors are very short term minded, and thus are guaranteed to cash out their profits after a while. Funny thing is that these people quite often end up re-entering the market at a premium.

Bitcoin has been growing in value constantly, and if we look at people who thought to had a good deal by cashing out at $2000, they can't be anything but disappointed in themselves for doing so ~ Bitcoin doesn't wait for anyone.

If you sold too early, you either wait for the price to fall down, which might not even happen, or you buy back at higher levels ~ everything has a risk involved, but the latter mentioned is the best option, long term speaking.

Interesting view. Bitcoin can lose price like now to attract more people to start investing in Bitcoins, especially those investing for the first time, giving them a chance to buy cheap and hold for future profit.

Who is buying or holding and expecting profit on short term is doing it wrongly. Bitcoin is an investment for who doesn't have a deadline to cashout, it's for people who wants to invest and forget about it for a while and come back later without worries.

[john2231]

You guys have different theory and i think that is why the price of bitcoin was fall i think it is a normal that we are seeing the price was decreasing these days..  There is a bull trap maybe that is why we are seeing price drop..
But i think it will not keep dropping instead we will see more price increase after clarification from banning bitcoin in china forget by many people.. Honestly ban bitcoin in china is not a real problem here if bitcoin was ban in china well that's good honestly we will be safe because there is a big influence in china buying bitcoin i think it will not happen again so that we will see slow and normal movement of the price of bitcoin..

[SushiMonster]

Bitcoin is falling down...falling down...falling down...where is my fair lady? Whoah...Bitcoin is having a carnage right after undergoing some bloodbath for some days last week. This time around it officially entered the area below the $4,000 mark and can get down to as low as $3,500 soon.

I am not really sure what can be the catalysts for this fast dumping but I think it has something to do with the rumor that eventually China will also be banning the operation of Bitcoin exchanges all over the country. As many parts of the world are battered by many natural disasters, Bitcoin is being massacred by bad news emitted by China.

How do you feel about this downturn?

I think the price drop will go until late October - well this is a good time to buy some bitcoin, I hope by next year the price will rise again - Hoping it will hit $5000 mark next year.

[_Legendary_]

I'm sure this is only a momentary panic, this is because the issue of china banned bitcoin so as to make the price drop, in October everything will be back to normal because the issue of banned china or not and I sure will nothing happen.

[zeze18]

Bitcoin is falling down...falling down...falling down...where is my fair lady? Whoah...Bitcoin is having a carnage right after undergoing some bloodbath for some days last week. This time around it officially entered the area below the $4,000 mark and can get down to as low as $3,500 soon.

I am not really sure what can be the catalysts for this fast dumping but I think it has something to do with the rumor that eventually China will also be banning the operation of Bitcoin exchanges all over the country. As many parts of the world are battered by many natural disasters, Bitcoin is being massacred by bad news emitted by China.

How do you feel about this downturn?

I think the price drop will go until late October - well this is a good time to buy some bitcoin, I hope by next year the price will rise again - Hoping it will hit $5000 mark next year.

I think the current bitcoin price is pretty good at $ 3700- $ 3900, it's now a good time to buy bitcoin as an investment in the future because it seems like the next few years bitcoin prices will soar may reach $ 6000 next year

[Kidmat]

I'm sure this is only a momentary panic, this is because the issue of china banned bitcoin so as to make the price drop, in October everything will be back to normal because the issue of banned china or not and I sure will nothing happen.

This is happen many times bitcoin falling down or fluctuates daily. But I am confident this will survive and it will recover. Yes probably because of the China issues but lets observe the movement of bitcoin.

[rhamzter]

I'm sure this is only a momentary panic, this is because the issue of china banned bitcoin so as to make the price drop, in October everything will be back to normal because the issue of banned china or not and I sure will nothing happen.

This is happen many times bitcoin falling down or fluctuates daily. But I am confident this will survive and it will recover. Yes probably because of the China issues but lets observe the movement of bitcoin.

Agree, it happened every year and seems bitcoin was not affected regarding that situation. Since bitcoin is always recovered after deep and after this fall down bitcoin valued was become more expensive than the previous. Obviously that fall down of bitcoin value is part of their strategy, maybe this is their way to encourage more investors to put investment into bitcoin society.