Bitcoin from $6000 to $5500

[TravelMug]

It looks like the user learned from last July experience, when the user panicked and sold a lot of bitcoin so as to make the price drop, but now the user better understand that there is no big impact despite there segwit, I'm sure the price will not drop below $ 5000.

Yeah, its really good to see that the market has matured enough not to panicked and sold their bitcoin without understanding what's the reason behind the dumping. Now after the price went to $5200-$5300, the price spike and went to $57000 after the Bitcoin Cash fork. Marketcap also went up to $168M. That's why the price didn't dip to below $5000 as others have suggested. There's really a lot of people who have trusted bitcoin ecosystem that they will now allow it to go back below $5000 again. And you will also noticed that there's no more excited about Bitcoin Gold, everyone is just there for him to get the free money and then dumped it to buy more bitcoins or go shift back to altcoins.

[TheMojo1]

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

this is Because increase number of Supply because many sell them BTC to get free BTG

[rhamzter]

It looks like the user learned from last July experience, when the user panicked and sold a lot of bitcoin so as to make the price drop, but now the user better understand that there is no big impact despite there segwit, I'm sure the price will not drop below $ 5000.

Yeah, its really good to see that the market has matured enough not to panicked and sold their bitcoin without understanding what's the reason behind the dumping. Now after the price went to $5200-$5300, the price spike and went to $57000 after the Bitcoin Cash fork. Marketcap also went up to $168M. That's why the price didn't dip to below $5000 as others have suggested. There's really a lot of people who have trusted bitcoin ecosystem that they will now allow it to go back below $5000 again. And you will also noticed that there's no more excited about Bitcoin Gold, everyone is just there for him to get the free money and then dumped it to buy more bitcoins or go shift back to altcoins.

It's good to see that most of the users in bitcointalk was not panicking regarding hard fork happen last day. They were confidence bitcoin segwit are not threat to fall down to value of crypto currency in the market. Definitely they were hold their balance in the wallet because they were expecting of rapidly raising up of bitcoin value after hard fork.

[PokerFace3]

It is probably because Bitcoin Gold fork already happened yesterday (so only snapshot of those BTC balances matters) and those who bought BTC only for getting free Bitcoin Gold are now selling their bitcoins.

The fork will be on November that's what I red from a website. So I guess a Blew my opportunity to sell my 15m SATs.

You have not blown the opportunity yet mate. You can still buy back anytime most especially at the present correction.

Three forks were scheduled this year, 2 already gone leaving us with the November fork, so it really does not mean what you have sold or not. What you read from website was through, you probably did not just get the complete information.

[Meycell]

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

in my opinion bitcoin just reach stable price in $6000 it not stable. and other effect is so a lot user bitcoin sell their bitcoin in high price it make bitcoin down

[robotrobert]

It is probably because Bitcoin Gold fork already happened yesterday (so only snapshot of those BTC balances matters) and those who bought BTC only for getting free Bitcoin Gold are now selling their bitcoins.

The fork will be on November that's what I red from a website. So I guess a Blew my opportunity to sell my 15m SATs.

The snapshot was yesterday, at block 491,407. The Bitcoin Gold network, however, is not functioning yet, and is planned to be up in November.

I really hope it will ever be up. It is a hoax and I really do not see how some devs who do not even understand their left from their right will make this work since what they were after themselves in the first place is free cash ready to dump pretty fast on users. let us just keep watching how the 2x fork will play out anyway.

[ranman09]

It is probably because Bitcoin Gold fork already happened yesterday (so only snapshot of those BTC balances matters) and those who bought BTC only for getting free Bitcoin Gold are now selling their bitcoins.

The fork will be on November that's what I red from a website. So I guess a Blew my opportunity to sell my 15m SATs.

The snapshot was yesterday, at block 491,407. The Bitcoin Gold network, however, is not functioning yet, and is planned to be up in November.

I really hope it will ever be up. It is a hoax and I really do not see how some devs who do not even understand their left from their right will make this work since what they were after themselves in the first place is free cash ready to dump pretty fast on users. let us just keep watching how the 2x fork will play out anyway.

This can also be free cash and still an oportunity. Thats what matter its up to the community what to support. Anyway bch price almost the same with eth haha

[magneto]

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Whenever a pump takes over, there will always be a correction. It has always been this way and there is absolutely no way that bitcoin's price can keep growing just without stop, it's just not going to happen.

Also, bitcoin gold was priced into bitcoin already in my opinion.

When the snapshot was taken, the price was taken out of bitcoin essentially. But it has now recovered to around $5800 again.

[Jating]

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Whenever a pump takes over, there will always be a correction. It has always been this way and there is absolutely no way that bitcoin's price can keep growing just without stop, it's just not going to happen.

Also, bitcoin gold was priced into bitcoin already in my opinion.

When the snapshot was taken, the price was taken out of bitcoin essentially. But it has now recovered to around $5800 again.

Agreed, the parabolic state cannot sustained itself. There will be a time that we needed a price correction along the way to put bitcoin on the next level. What we should think is that if there's a massive run, then lets go along with it and when there's a price correction, don't sell just hodl and wait for another bull run. That should be our mindset and not to panick when we just see a few dips here and there, its a normal process and I'm sure the OP can get a long with it, if he's gonna stay and stick on the market scene.

[tobs]

Also Bitcoin itself seems to struggle with that $6000, in last weeks, it hit it, but then immiediately dropped around $5400. Forks, and investors playing with general pump and dump may be reasons for this, but I also think that bitcoin is just not ready to go higher for now. I mean, of course it can go higher but it will be therefore a fake pumping, as it isn't used widely enough to have higher price healthy. We are getting bitcoin to become poorly speculative asset, while it was meant to be a curreny. We don't see many shops, marketplaces or restaurants to introduce bitcoin as a payment method. Governments also haven't regulated it yet, and some of them are even debating on ICOs and other altcoins being illegal.

[BitcoinGirl.Club]

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive.

When you refer to the price of bitcoin from poloniex it could be because of many sell orders from traders or a time difference that was awaiting a correction to catch up with the market price.

Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Usually when there is an airdrop as a result of a fork, we should expect a surge in price and not a dip...so this could not be the reason.

[culuuton]

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Of course BTC has boom and busts periods. It's part of the financial industry and BTC maybe worth nothing someday or worth tens of thousands. Don't care about price in the short term, only know BTC is the wealth storage of the future.

[Clairvoyance]

As of today the pricing is at $5942 which is a good sign for the upcoming months and it might really be higher by the year ends. The dip is due to whales are getting their profit. No worries it is all good.

[reflector]

I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?

Of course BTC has boom and busts periods. It's part of the financial industry and BTC maybe worth nothing someday or worth tens of thousands. Don't care about price in the short term, only know BTC is the wealth storage of the future.

It is not a part financial industry. Bitcoin has the price fluctuation tendency so we will not be expect the bitcoin price always moving forward. There are certain time in the bitcoin fluctuations actually. If you cross over those times you no need to worry about the bitcoin price. You can easily able to manage in the bitcoin price dump as well. Try to be long term holder to stop loosing your funds.

[Aragorn_125]

As of today the pricing is at $5942 which is a good sign for the upcoming months and it might really be higher by the year ends. The dip is due to whales are getting their profit. No worries it is all good.

That's right, there's no reason for panic. The price of bitcoin remains very volatile, so we see both growth and decline. But we must learn to profit from these fluctuations

[lady Royal]

Bitcoin already spend good days with its highest price its time to get back to normal price, what can be the next stop 3000$? 3500$ or maybe after getting to 3k$ it will come back to 1000$ who knows. People already got enough profit from it now people are selling there bitcoins that is why the market is getting down and down we can just hope for the best.

[S A KHAIR]

I think there is nothing to worry about the fall of the price. Like other things, its price also might have fall for a particular amount of time, but maybe there will be a big jump of price in the coming days .So, hold your breathe, big jump on ahead.

[richardsNY]

BTC maybe worth nothing someday or worth tens of thousands. Don't care about price in the short term, only know BTC is the wealth storage of the future.

We're already past that -- it's not 2009-2010 anymore where such words were well justified. Bitcoin has already proven that it actually serves a purpose, and a very good one. It's not for nothing that the market has gone up significantly throughout the years, and that while not many people initially believed Bitcoin would ever be able to come even close to the $1000 level. Other than that, I definitely agree with the fact that the focus should be on the long term, but if you so strongly believe that Bitcoin is the store of wealth tool of the future, why do you then state that Bitcoin might be worth nothing at some point? You are basically contradicting yourself here....

[AjithBtc]

Bitcoin already spend good days with its highest price its time to get back to normal price, what can be the next stop 3000$? 3500$ or maybe after getting to 3k$ it will come back to 1000$ who knows. People already got enough profit from it now people are selling there bitcoins that is why the market is getting down and down we can just hope for the best.

When people tend to sell their bitcoin holdings it won't lead for price fall, it helps in the growth upwards. The reason is that, because of the increasing market circulation, which sill be stable if kept as an holding for a longer time period expecting good profit.

[lady Royal]

Bitcoin already spend good days with its highest price its time to get back to normal price, what can be the next stop 3000$? 3500$ or maybe after getting to 3k$ it will come back to 1000$ who knows. People already got enough profit from it now people are selling there bitcoins that is why the market is getting down and down we can just hope for the best.

When people tend to sell their bitcoin holdings it won't lead for price fall, it helps in the growth upwards. The reason is that, because of the increasing market circulation, which sill be stable if kept as an holding for a longer time period expecting good profit.

But you don't get my point, when there is mass selling of Bitcoin people just try to sell Bitcoin and to be very honest when they are selling large amount of bitcoins they don't care for few dollars they sell Bitcoins below the market price that lead the price of Bitcoin to fall.