BTC price will go down?

[clarkt]

Bitcoin is in high demand from remittance settlement etc. Bitcoin doesn'tjust go down after a certain ath!

[Lancusters]

Theory

I think because many people are buying now BTC due to "free money" the schedule to be at November ( BTC GOLD ) I believe that its price should go down because many people also transfer there funds from altcoin to bitcoin
And it good time to buy altcoin ( maybe wait even a bit longer )

What do you think?

This is just my opinion but I think bitcoin would go down in price by a huge margin from 5500$+ to below 5300$ after the free money has been distributed. My assumption is based on the current demand bitcoin gained because of the upcoming fork that will happen in November. It will just be temporary though there is a great potential of bitcoin going way above after the said price decrease.

On the forum a lot of optimists who are hoping to see 8-10K dollars and pessimists who expect performance 5-6K dollars. I am a supporter of the pessimistic scenario. $ 6000 is really. Bitcoin can not continue to grow. It seems to me that the present situation is connected with the demand for free coins. November fork will not give such results as in August and the price of bitcoin will decrease.

[atc1-REAL]

Now that the fork is happening, btc is appreciating in value.The price is increasing rather rapidly due to that. It seems that after the fork,there might  be a  dump which will make the money flow into altcoins again, thereby depreciating the value of btc. That seems to be the general consensus here.

[rroyk]

Nobody can predict the price only can stipulate it , my deduction for the price is if it cross $5880 again it will shoot to $6k easily since most of the money is invested in bitcoin now .
but if it does not breaks the 5880 resistance it will go down for 5400 aroundish and will jump back after fork.
still i am hoping it to reach $6+ at the year end.

[HatakeKakashi]

As of now the price of bitcoin is very high and its already 5800 dollars. And they have possible the price of bitcoin decrease because fork is near. Many people as of now sell their bitcoin because they want to earn profit not lose some money if the price decrease. But I hope the price of bitcoin will continue to increase so we can make a lot of profit. More bitcoin more profit.

[Visbay]

We must have accept the reality that everything will change, just like bitcoin. We experience a big increase of bitcoin price but we also expect that after this peak it would have a possibilities that it will dump. Is just normal to happen and we have experience it before.

It will never dump once again because many countries allow and give a positive sign to bitcoin. So it will never goes down if you are talking about dump then it will never happen because china is also stop making rumors against bitcoin. Where chinese investor show there positive feedback to bitcoin because there love for bitcoin is unpredictable.

Yes I agree with you that the price will not go down and I think there is no reason of it that the price will go down because bitcoin is now of the stable and strong currency in world and some of countries have a very big support with bitcoin and day by day the users of bitcoins are going to increase so in this kind of situation bitcoin has no chance that the price will go down.

[Idrisu]

Theory

I think because many people are buying now BTC due to "free money" the schedule to be at November ( BTC GOLD ) I believe that its price should go down because many people also transfer there funds from altcoin to bitcoin
And it good time to buy altcoin ( maybe wait even a bit longer )

What do you think?

This your theory may hold and it may not hold as we cannot really tell what will happen to bitcoin in future accurately. I have also find out that bitcoin has not been able to go down even when russia government attack it last time. Bitcoin gold splitting from bitcoin core has stimulate bitcoin's price since last week because of the free coins and like you have said, Funds are flowing from altcoins to bitcoin currently. However bitcoin will not fall because of the way people are pumping it now because of free coins and people hardly  convert they bitcoin to any altcoins because they believe that bitcoin will be going up when altcoins are going up. It happened in August and history is going to repeat itself again.

[michellee]

We must have accept the reality that everything will change, just like bitcoin. We experience a big increase of bitcoin price but we also expect that after this peak it would have a possibilities that it will dump. Is just normal to happen and we have experience it before.

It will never dump once again because many countries allow and give a positive sign to bitcoin. So it will never goes down if you are talking about dump then it will never happen because china is also stop making rumors against bitcoin. Where chinese investor show there positive feedback to bitcoin because there love for bitcoin is unpredictable.

Yes I agree with you that the price will not go down and I think there is no reason of it that the price will go down because bitcoin is now of the stable and strong currency in world and some of countries have a very big support with bitcoin and day by day the users of bitcoins are going to increase so in this kind of situation bitcoin has no chance that the price will go down.

the price will go down to make correction price and its happen too many times in this weeks and from this, you can buy and sell bitcoin in different price and you can make profit. although now the price is looks like stable at now price but the price still have possibility to get down especially we have to see the fork in few days later. so there will be many more predictions will come out and makes the price is up and down too often.

[Chachacoin17]

There is another coming change (segwit2x) in November. If successful it should give more confidence to bitcoin investors and the price will go up. So it depends on weight and combination of these 2 factors. I expect short and small correction but in the long run it will go up anyway.

Yes, I agree with you mate. After the segwit2x, it will soar up high. As much as $7,000-$8000 within this year. Ups and Downs? Yes, that's  just  normal  to bitcoin's price because  it is very volatile.  Buy despite out of it, it still continue  to rise. And I would say next year it will hit to $10,000 and the next five years it will hit $25,000. It is never too late to buy bitcoins now!:)

[allohha]

There is another coming change (segwit2x) in November. If successful it should give more confidence to bitcoin investors and the price will go up. So it depends on weight and combination of these 2 factors. I expect short and small correction but in the long run it will go up anyway.

Yes, I agree with you mate. After the segwit2x, it will soar up high. As much as $7,000-$8000 within this year. Ups and Downs? Yes, that's  just  normal  to bitcoin's price because  it is very volatile.  Buy despite out of it, it still continue  to rise. And I would say next year it will hit to $10,000 and the next five years it will hit $25,000. It is never too late to buy bitcoins now!:)

very exciting forecasts. But nevertheless I still can not understand how the next fork affects the pricing of Bitcoin. Of course, we have a growing Bitcoin to date, but as always there is a panic for information about the split in the market. So we can still see some adjustments on this issue.

[DamCryp]

Definetly, with the hard fork coming and after such an amazin bull, it is only natural to see a correction, and even healthy. I'll be waiting to buy some at that drop.

[BranZolt]

There are very less chances of btc going down since it's anonymity and the recent ransomware attack. The demand is in bitcoin. More people will get introduced to it and more demand of btc will be there in the market due to which prices will rise. However, there is another crypto-currency which is said to be next bitcoin. Its ethereum. I keep track of its price and help a couple of friends in ethereum trading. I would recommend you to grab ethereum before it rises.
1. Currently very less Bitcoins are being mined compared to Bitcoins bought.
2. So the demand is high and supply is less. And this is not going to be solved any time soon.
3. People are ready to pay anything to get hold of Bitcoins.
4. Japan legalized bitcoins, and many countries are reviewing it.
5. Many VCs , Investor are investing heavily into Bitcoin Business.
6. Bitcoin is getting support from Major Technologists.

[otundebis]

Crypto market is so predictable. When bitcoin  price goes up, the altcoin price comes down. When bitcoin goes down, the altcoin goes down. It is only when the bitcoin is stable that altcoin rises!

[komjhq]

Crypto market is so predictable. When bitcoin  price goes up, the altcoin price comes down. When bitcoin goes down, the altcoin goes down. It is only when the bitcoin is stable that altcoin rises!

I used to draw attention to the fact that Bitcoin and Bitcoin have very different pricing moments, to be more precise, Independently from each other. Recently, very often I go in and see that Bitcoin has risen significantly, but we will open some even dropped.

[Sony.UK]

I bit stand still answering to the question. If you see the level of ups and downs, its so small. The increment is less and the drop is very less.  This confirms that bitcoin is so firm and stable in its growth.

[Gotomoon]

I bit stand still answering to the question. If you see the level of ups and downs, its so small. The increment is less and the drop is very less.  This confirms that bitcoin is so firm and stable in its growth.

I dont think bitcoin will continue to go down. The demand of bitcoin is increasing and yes this means it keeps going strong that people use into bitcoin. So the price will even rise in the upcomig months.

[Zenithar]

I bit stand still answering to the question. If you see the level of ups and downs, its so small. The increment is less and the drop is very less.  This confirms that bitcoin is so firm and stable in its growth.

I dont think bitcoin will continue to go down. The demand of bitcoin is increasing and yes this means it keeps going strong that people use into bitcoin. So the price will even rise in the upcomig months.

I think that the current decrease in the price of bitcoin was due to increasing price of USD. USD price increased in international market, so it not only effect bitcoin but its effect is also there in all stock exchanges and now we can see the quick recovery of bitcoin to its original position. I am hopeful that bitcoin will continue increasing its price for some more time.

[Unplugged]

Theory

I think because many people are buying now BTC due to "free money" the schedule to be at November ( BTC GOLD ) I believe that its price should go down because many people also transfer there funds from altcoin to bitcoin
And it good time to buy altcoin ( maybe wait even a bit longer )

What do you think?

The fork this coming October 25 can be the cause of this rally in pricing. I strongly believe that after Segwit2x will have major impact on bitcoin. The speculation in pricing is really hard since you can't easily predict bitcoin's price.

[DrGuns4Hands]

bitcoin price won't be affected by the fork if people stop panic selling when the pork is soon to happen. bitcoin price goes down because many people selling their bitcoin so that's loss of demand and it cause bitcoin price to crash. as you can see more demand of bitcoin the price  of bitcoin is increasing so bitcoin price will depend on the people who's using it. bitcoin price will go down if many people sell their bitcoin before the fork.

[batang_bitcoin]

Bitcoin is in high demand from remittance settlement etc. Bitcoin doesn'tjust go down after a certain ath!

It will go down for a while just like what happened yesterday but it was quite good again today so we just have to keep on waiting. I'm expecting the price of bitcoin to fall but because of the hard fork the price will be increasing again. And it's always an speculation that most of the people here are hoping that the price of bitcoin will be at good rate yearly, deflationary currency is the best and it's bitcoin.