So whats up with Bitcoin today????

[SuperSnic]

When I'm writing this btc is at 3624.41usd. It has been going down a bit today anyone have any ideas what this is about?

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more people willing to sell at lower price than there are people willing to pay a higher premium.

[master2#]

More uncertainty regarding china probably

[BingoDog]

There is nothing special going on with bitcoin. The market is still unstable, users are careful and because of the all recent happenings the price is very volatile at the moment and according to my preductions it will stay so for a while.  But such phases in bitcoin cycle are quite normal and usual, we have seen many similar situation in the past so just don't panic.

[affigne]

There is nothing special going on with bitcoin. The market is still unstable, users are careful and because of the all recent happenings the price is very volatile at the moment and according to my preductions it will stay so for a while.  But such phases in bitcoin cycle are quite normal and usual, we have seen many similar situation in the past so just don't panic.

A bit ironic to say don't panic when the main reason people are selling is because of panic. But in the end, you're right.

[jekjekman]

When I'm writing this btc is at 3624.41usd. It has been going down a bit today anyone have any ideas what this is about?

It is true that Bitcoin is going down this fast few days but it doesn't mean that it will continue dropping, It already reached the $5,000 mark and immediately the fall down started after Jamie Dimon announce some FUD's about it and China banning exchanges to their country, so many people I think panics and sell their holdings and Bitcoin almost valued again below $3,000.

I think its stabilizes now between $3,600 to $3,800 and what is happening right now is some small corrections in price, let's just wait for Segwit2x Hard Fork to happen because I am sure that there is an another big volatility will happen again in the market of cryptocurrencies.

[affigne]

When I'm writing this btc is at 3624.41usd. It has been going down a bit today anyone have any ideas what this is about?

It is true that Bitcoin is going down this fast few days but it doesn't mean that it will continue dropping, It already reached the $5,000 mark and immediately the fall down started after Jamie Dimon announce some FUD's about it and China banning exchanges to their country, so many people I think panics and sell their holdings and Bitcoin almost valued again below $3,000.

I think its stabilizes now between $3,600 to $3,800 and what is happening right now is some small corrections in price, let's just wait for Segwit2x Hard Fork to happen because I am sure that there is an another big volatility will happen again in the market of cryptocurrencies.

a volatility that surely will put bitcoin in a backward race towards below $3000... The question is: how much time will have to pass 'till it hits the forward button again?

[btc_angela]

When I'm writing this btc is at 3624.41usd. It has been going down a bit today anyone have any ideas what this is about?

It is true that Bitcoin is going down this fast few days but it doesn't mean that it will continue dropping, It already reached the $5,000 mark and immediately the fall down started after Jamie Dimon announce some FUD's about it and China banning exchanges to their country, so many people I think panics and sell their holdings and Bitcoin almost valued again below $3,000.

I think its stabilizes now between $3,600 to $3,800 and what is happening right now is some small corrections in price, let's just wait for Segwit2x Hard Fork to happen because I am sure that there is an another big volatility will happen again in the market of cryptocurrencies.

But you need to add to the fact that the Chinese local exchanges at the end of the month. So this could have been influencing the price to go down today up leading up to actual closure date. And  Dimon attacking bitcoin once more. So its gonna be corrections again or a crash. But the most important for us is not to panic from such situation because bitcoin is so resilient and after everything has settled down, the path will be clear leading to a strong price at $5000 again.

[valentin68]

Bitcoin price hasn't decreased sufficient, when it was just under 3000. In the coming days or weeks it will continue to decrease. This is my opinion, some market indicators show a depreciation of its value. In the next months its price will apreciate (probable to double today's value) but for now you have to wait for a price of around 3000-3200. I wish I am mistaking.

[nelmari]

I think we all know who the culprit is, most probably it's still going to be about China that's why the prices are going down. And I think it will still go down further more say around $2600. So let's all brace ourselves and hold if you can. 

[jseverson]

It's just another day to be honest. We dipped to 3k so you shouldn't even be worried. The situation with China is pretty serious and is leaving plenty of people anxious. It does not help that there are lots and lots of rumors flying around.

Just sit tight and wait. It might take a while for us to recover, but we will get there just as we always have. The issue with China will blow over sooner or later.

[Cindy1983]

I think we all know who the culprit is, most probably it's still going to be about China that's why the prices are going down. And I think it will still go down further more say around $2600. So let's all brace ourselves and hold if you can. 

I don't think so. Bitcoin will never down to 2k6$ again . Although China is the country has biggest Bitcoin transaction and trading volume but Bitcoin is not their own cryptocurrency so they can't affect to it too much. Beside as I know, some exchanges in China is changing their domain from ".cn" to ".com" to get out of banning from their government so just hold your Bitcoin, it'll rise up back soon

[baedrill]

Still China lol. Meanwhile you can use this opportunity to boost your portfolio. Everyone is still worried, but we have stabilized a little bit compared to the last week. I honestly don't think we're going lower than $3500 again as far as the China issue goes. They cannot issue worse news nos can they?

[13abyknight]

Its still the Chinese BTC users selling all their coins as soon as possible to get ait converted to fiat as many exchanges have been given an extended deadline to cease operations. Of course we could argue that the Chinese could use worldwide exchanges but its a conflict of interest for them.
Once this air is clear and the situation comes down to a standstill, expect Bitcoin to start growing back towards the $5k mark given that more countries don't follow suite of what China did.

[hahay]

When I'm writing this btc is at 3624.41usd. It has been going down a bit today anyone have any ideas what this is about?

It's nothing, it's just the usual fluctuations in bitcoin and you do not need to panic for it. You can see now the bitcoin price has 3,725 as I write this. I'm sure the bitcoin price will recover even if it takes a long time.

[phr0stbyt3]

It's just changing everyday you can't do anything the reaaon is too many rumours have been circulating around daily. This leads the new investors to hold and wait for everything to be clear. According to me the price will fall more in the coming days ones all this is solved the price will start increasing as people will start gaining trust in bitcoin again

[maydna]

people is waiting for the end of this month because china wants to close all exchanges in their territory and some people is selling their bitcoin and they don't want to loss their money. its sadly but its happen right now, i think people can not wait any longer and they seem to be panic for the bad news in out there. but we don't have to be panic like them because we already know that bitcoin is still the best crypto currency with the larger community. and bitcoin price will recover soon after everything is normal again.

[iqlimasyadiqa]

When I'm writing this btc is at 3624.41usd. It has been going down a bit today anyone have any ideas what this is about?

I think this is still in a fairly stable range. so do not worry and make hasty decisions. because the price is still fairly safe and does not move in a negative direction. instead I see that bitcoin prices are currently on positve tracks. a slight price drop for me is just a small correction and will not mean, the price is still normal and the chance to increase again.

[MisterKT]

This is because China's main cryptocurrency platform is going to be shut down at the end of September, so only one month left for the second and third biggest platforms that will be closed end of October. A lot of chinese are selling their cryptocurrency, and according to the offer and demand low, prices decreased.
Nevertheless I think it is just a temporary trend, and the trend will recover over time.

[Nawaytes]

You know what happens with bitcoin, and i think this is just like a "normal" situation ; prices stuck at 3-4K and no special news (except China).
There is no idea other than buying when the price goes down and sells it when the price goes up, that's it.