Bitcoin and altcoin to fall further?

[johk02]

Hi,

Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?

Jh

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[jnow]

I believe it will keep falling for a while, although nobody could tell you for exactly how long.

[Asrael999]

Yes - this is not done yet

[harizen]

Hi,

Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?

Jh

Not with that much fall but I see bitcoin price will still play at the shadow of around $3,000+ which is way more interesting to see because we can see strong support here. If it goes down more then so be it. If it goes up then much better.

About on some altcoins, I don't have some insights yet since my altcoins on hold will be on hold as of the moment and I don't have any plans to dump it yet. Majority of my coins at my porfolio currently plays at a maximum 10% to 20% price decrease which is not alarming based on my own set of things to be considered.

[Wilhelm]

I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.

We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH

[player514]

I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.

We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH

You're right, and I think a lot of people are so concerned with the drops because they came in when Bitcoin was at a high. They maybe purchased at 4,000 and so to them, seeing a 25% drop in their investment in hours is very scary. For the long term holders, there is more experience with this type of situation.

[Wilhelm]

I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.

We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH

You're right, and I think a lot of people are so concerned with the drops because they came in when Bitcoin was at a high. They maybe purchased at 4,000 and so to them, seeing a 25% drop in their investment in hours is very scary. For the long term holders, there is more experience with this type of situation.

What we are seeing is the same effect as a fire at a festival .... people run for the door killing each other....other people see people running and follow even though they have no clue why they are running..... people die due to hysteria not due to the actual threat....  

We are the guys remaining and drinking the free beers at the end


That said I don't blame the chinaman from protecting his assets ... China can be quite a controlling and unpredictable country (for us to understand)....

[Shinpako09]

It seems it will continue to fall and there is no indication yet that it will stop. Although it's a good oppurtunity to buy, hope history won't repeat itself. That would affect a bitcoiner like me who only did was selling. Would be fine if it will stay in 4digit.

[SamboNZ]

In my educated guess is that $2500 would be easily achieved when we are in this feaful situation and im still happy waiting for my bur oders to be filled.

[mk4]

What the heck? last time I checked last night we we're still at the $3900-$4100 mark. And I just woke up after a night of all out drinking and prices are at around $3400 wow. Any new FUD?

I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.

We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH

Is the news about chinese exchanges closing confirmed now? or is it still only rumors?

EDIT: nevermind. Chinese exchange: BTCC has will shut down on September 30 for those who don't know. Charlie Lee was right!

[BTCLovingDude]

No, i don't expect any more drop for bitcoin.
altcoins is also too general a term for me to give opinion, there should be more specification.

but also i don't put aside the possibility of more drop. i think the safest assumption is that the chances of more drop is extremely small right now. the FUD can not get bigger than this. and you can't expect people to keep selling forever. it stops at some point when they run out of coins to sell and there is only whales left with a lot of coins in their pockets which they bought cheap at the bottom.

[investeerder]

Many people had bad feelings that this fall might continue since china Issuing some statement that they will shut off there local exchangers by the end of the month and october so we might gonna fall for 2500$ at piece and if this price would reach then It will be the one of the biggest upset of the bitcoins and altcoins history.

[ALT67890]

I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.

We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH

You're right, and I think a lot of people are so concerned with the drops because they came in when Bitcoin was at a high. They maybe purchased at 4,000 and so to them, seeing a 25% drop in their investment in hours is very scary. For the long term holders, there is more experience with this type of situation.

Your categorically right, most on panic now are those who invested on 4000$ price per bitcoin this few months because that money is now at risked for they're owned thinking maybe. But those with holding bitcoin early this year or even those long term holder way back 2015 - 2016. They're not worried at all, most investors are now happy to buy some and I'm sure with that. So, the only solution is to think positive even at this decrease.

[batang_bitcoin]

Hi,

Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?

Jh

Yes I'm expecting bitcoin and alt coins to fall for the whole week or it can go to another round (2 week) fall. And this is like shaking the whole crypto and let the weaklings sell their bitcoins and the whales are now having the chance to buy some more and those weaklings will feel sorry that they didn't hold on as this happened for so many times.

[ScriptYoYo]

Hi,

Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?

Jh

Already the process has gone, the Chinese have tried, it's time to prepare to invest, while others throw off all their savings.

[Lordshiva]

Bitcoin is still falling down....again in last 24 hours it has fallen drastically...it has dropped down by 500USD....dont know how low will it gow down..i hope i become stable soon and start to go up again

[Herbert2020]

Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?

it is sad but it actually depends on what news comes out!
it can go either way, although more drop is much harder now that a big drop has taken place. but in the end the FUD news is not yet at an end and it can go either way.

if you want to invest then it is a good time to start getting your money out of your wallet to exchanges in order to be ready to jump in.

[btc-facebook]

Bitcoin is still falling down....again in last 24 hours it has fallen drastically...it has dropped down by 500USD....dont know how low will it gow down..i hope i become stable soon and start to go up again

As I know, Chinese decide to ban bitcoin on 30 September which causes this massive panic sell.
IMO , bitcoin will bubble again on October especially when segwit is coming on October , no need to sell you bitcoin since other country like Japanese and south Korea , have no issues about BTC

[eann014]

Hi,

Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?

Jh

yeah I am now thinking negative right now because of there are lot of people that wants to sell already their bitcoin, it is still continue to fall. I don't know or We all don't know when exactly bitcoin will continue to fall. But hopefully next week bitcoin will have an improvement in its price.

[Doell]

Hi,

Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?

Jh

would expect a further downturn, I would like to buy all altcoin for the old save because I want to get rich quick in the coming year when the price to the moon