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Author Topic: BTC Price drop?  (Read 3330 times)
BUK2016
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November 09, 2017, 01:19:37 PM
 #121

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?
Bitcoin price drop is a normal situation and is attributed to the forces of demand and supply which usually course the fluctuation of the market value of bitcoin in most cases. 

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November 09, 2017, 02:55:41 PM
 #122

well, currently there is no sign showing the price of bitcoin will go down. well, on the contrary, bitcoin prices continue to rise. a lot of people are expecting bitcoin prices to drop so they can buy it in large quantities, but I think, for now, that intention must be undo first.
Where have you been yesterday? If you monitored the price of bitcoin yesterday, there was a correction and the price dropped to $6,950. And everyone has been waiting for that moment where it's a good advantage that everyone can buy some more by that time. Luckily, I never rant out or did panic selling and by looking at the charts today bitcoin seems to be healthy again and broke another ATH.
basically, when the bitcoin price falls, the price will rise again, even higher. aka there is always a segment to speed up transactions, and that will push up the bitcoin price. even though segwit remains in the retreat, bitcoin prices still remain stable.

It's going to happen, we are now into price fall and many are upset on it especially the new ones. But for us that who did experienced this before for so many times, we know what's the attitude of bitcoin regarding it's price drop. We are just on the fueling stage right now so after this price fall it can skyrocket and rapidly increase again. Opposite reaction as always, rapid in increase and then it will rapidly go down but it will be on a better floor.

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November 10, 2017, 04:12:56 AM
 #123

well, currently there is no sign showing the price of bitcoin will go down. well, on the contrary, bitcoin prices continue to rise. a lot of people are expecting bitcoin prices to drop so they can buy it in large quantities, but I think, for now, that intention must be undo first.

There's the sign now, check the price of bitcoin. It may continue to rise but there will be some hindrances and stop over before we see the green pastures. As of the moment, I do believe that the price of bitcoin will be hitting close to $8,000 after this dip.

basically, when the bitcoin price falls, the price will rise again, even higher. aka there is always a segment to speed up transactions, and that will push up the bitcoin price. even though segwit remains in the retreat, bitcoin prices still remain stable.
You said it right and this is what I'm waiting for. I did sold some at $7,500 and it's good to see that the price was down again so it's now buy back time.
This can be used as an buy back time. Every user doesn't feel the same. You have made the perfect selling at price above $7500, and now getting a coin will surely benefit as the price increase is incoming soon. Price hindrance is sure, but this time we see drops and recovering at time intervals without continued dropping.
Yes it can used for buy back and I did bought back at $7,100 so it was a clean $400 profit. That's the easiest 400 bucks of my life and I don't have to work for that amount for half month, this is why I really like crypto especially bitcoin when it comes to getting a good and clean profit. But sometimes it's not a good decision because I'm selling too early when I think the price is expected to decrease.

The price is starting to recover and it's now on $7,200 so I guess there will be another pump that's about to happen very soon.

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November 10, 2017, 11:59:38 AM
 #124

^

No bump, just another big drop..
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November 10, 2017, 12:05:45 PM
 #125

It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.

Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.

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November 10, 2017, 12:08:33 PM
 #126

It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.

Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.

Somebody turned the fucking lights out. This post above makes sense though, I guess this is probably a healthy pull back even if we don’t like to see it.

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November 10, 2017, 12:48:53 PM
 #127

like bitcon as it  helps bitcoiner to fight with proverty and overcome financial problem. but now investment with bitcoin is risky i think market will go down...

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November 10, 2017, 12:51:16 PM
 #128

So what is the actual reason of the drop this time? it went down like 350€ in the last 24h.
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November 10, 2017, 01:54:34 PM
 #129

My guess, some of the topheavy Bitcoin cash supporters dumped BTC while buying BCH, trying to create the illusion of a potential flipover.
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November 10, 2017, 02:11:47 PM
 #130

bitcoin price depend on law of demand and supply so that not need reason to rise and down because it is normal mode for it Huh
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November 10, 2017, 02:42:05 PM
 #131

It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.

Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.

Its plain and simple. They are really cashing it out and taking home the profit from all the pump in the last couple of weeks. Really a smart moved for most traders. And then wait for the dump and the price to floor, then go back jumping to bitcoin again. As for BCash, I don't know, may they are really creating a illusion that its a coin worth more that what it is, but just be careful maybe big players behind are just waiting  for a perfect time to dump it as well.

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November 10, 2017, 02:57:35 PM
 #132

It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.

Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.

Somebody turned the fucking lights out. This post above makes sense though, I guess this is probably a healthy pull back even if we don’t like to see it.
I saw the bitcoin price and I am very surprised that the price of Bitcoin has undergone such a deep correction. maybe this will happen for the next few days, but when the price is still at the rates 6000USD up to 7000USD then I am quite sure with you that the price of Bitcoin can still be said quite safe. some traders will definitely make a decision, they will wait to be able to keep the Bitcoin price and try to sell in order to make a profit. We can see what will happen in the future and do not make panic sell action because it will make it all worse.



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November 10, 2017, 03:03:14 PM
 #133

reduce number of demand because 2x fork cancelled and many sell them bitcoins
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November 10, 2017, 03:28:22 PM
 #134

bitcoin price depend on law of demand and supply so that not need reason to rise and down because it is normal mode for it Huh
I agree with you that the price of Bitcoin  on the law of supply and demand . However, the shark can control the price because they are the largest suppliers
when they target profit and sell Bitcoins then supply> demand so prices go down
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November 10, 2017, 06:53:32 PM
 #135

You can see,  the price of Bitcoin already dump around 6900$ and now 1 Bitcoin equals 6828.06 US Dollar. Possible to go down more but i Always believe in bitcoin and i think bitcoin able to recover its price within 1 month and  obviously can hit 10k dollsr or more in the next few months

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November 12, 2017, 05:55:06 AM
 #136

I think the previous rally ( of 12th & 13th October) was supported a lot by a kind a FOMO, and was not based on real demand.

 Now, it's just a normal correction.  

 If there was real fear about forks, the price would go a lot lower
No you are wrong the price of bitcoin in not get lower in the future because the demand or need of bitcoin is countinously increases by the people. So that the price of bitcoin is also rise in the future. There are equal opportunity of price of bitcoin it may be rise or it may be drop. But there are more chance to increase the price of bitcoin.

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November 12, 2017, 09:25:20 AM
 #137

price now 5900 usd per btc
bitcoin  will fall more . We have not seen the real fall yet . bitcoin Needs to return to at least level 4000 usd

 
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November 12, 2017, 10:00:12 AM
 #138

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?
I think the price of BTC is down due to the impact from some investors are trying to push the price up. BTC price will increase again in the coming time. This point should keep BTC in your wallet
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November 12, 2017, 10:02:26 AM
 #139

price now 5900 usd per btc
bitcoin  will fall more . We have not seen the real fall yet . bitcoin Needs to return to at least level 4000 usd

Just hold the same amount of coins in BTC and BCH.
If you're holding 1 BTC and 1 BCH, the cumulative value is still 7800$.

There was only a slight shift from BTC to BCH.

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November 12, 2017, 10:32:53 AM
 #140

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?
I think the price of BTC is down due to the impact from some investors are trying to push the price up. BTC price will increase again in the coming time. This point should keep BTC in your wallet
just allow those dumpers to enjoy and ride with the btc cash drama as expected things will bounce back to btc in the long run , time will tell and will
witness how bitcoin will rise back up again, we just need to hold and stay away from this current drama.

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