Is bitcoin going down?

[harrypotter23]

I think the peak of bitcoin is around $8000-8100. It never went up beyond that, do you think it could? Right now its below $8000

[Deddy_Kazekage]

Could have been the case but Bitcoin today has an important role in digital currencies especially ICO .. where Bitcoin is the exchange rate of all digital currencies available .. maybe very thin expect bitcoin to go down as low as last year ..

[waqarkahloon]

This is part of market. Price go up down with time so we cannot say anything. So do not worry about price it will go more high and high with increased demand

[freightjoe]

Is Bitcoin going down?

Simple.

Yes.

[Reid]

It might be but I know for sure it will go back up.
It always happens so why do you still have doubts? Are you asking this because you are going to buy some or not?
If you do want to buy then you might want to decide already. Everything is going well now and this holidays might give a good impact to the value again.
You dont want to be late before that happens right?

[jekjekman]

I think the peak of bitcoin is around $8000-8100. It never went up beyond that, do you think it could? Right now its below $8000

Bitcoin price that goes down a little bit doesn't mean that it is going down. There is no straight way to the moon though, there is always a process in everything and this corrections that is happening with Bitcoin is normal and there is no something to worry about it.

I think that Bitcoin will surpass the $8000 before the year ends if the momentum to the current trend to the market of it continues until the end of the year. Bitcoin increased huge amount of market capitalization already and with that I am so okay and there is no need for some negativity.

[Millinillion]

Whenever someone important (Nobel prize winners for economy, CEO's etc) said that Bitcoin is "going down" or is "just a bubble" , BTC reached a new all-time high within the next few days, proving them wrong. So whatever opinion someone has about Bitcoin, it's just that, an opinion. What this basically means is that BTC is disruptive (that's not a bug, it's a feature).

[marriams]

It is not going down. It will just correct many times, which is healthy.

[vaughn125]

Bitcoin is something that goes down and goes up all the time. It is completely normal when it comes to Bitcoins. Surely it will rise again. So you don't have to worry. What you have to keep in mind is what you can do to earn more bitcoins and when to buy amd when to sell. Because clearly, bitcoin has proven itself worthy of the trust of all its holders and investors. With experience and with style.

[enwi]

I think the peak of bitcoin is around $8000-8100. It never went up beyond that, do you think it could? Right now its below $8000

I think the current bitcoin price keeps rising and if the price goes down it's just a minute and do not panic because bitcoin prices will go back up quickly

[Astermony]

This is part of market. Price go up down with time so we cannot say anything. So do not worry about price it will go more high and high with increased demand

I agree with you. It is really normal in bitcoin price to become low or high because same goes with oil for car engines, it will have a rollback price right? And didn't it gets back to its original price higher? So just like bitcoin there will be times that its price will go down and up depending on the number of people investing or also depending on the status of some of the investors in cryptocurrency.

[lzby2000]

No, I think people's psychological price should be between 10000. It's possible to reach 1000 in a very short period of time, but it will fall quickly. Because a lot of people expect bitcoin to reach $10000. In that case, a lot of people will continue to hold, so this time is the time when the market falls

[BrewMaster]

there is absolutely no reason for bitcoin to not go above $8000. currently we are seeing a calm and stable market where price stays nearly the same with less than 5% ups and downs. and that much is perfectly normal.

don't let the big numbers fool you, the ups and downs are still very small and it is considered to be withing the normal fluctuation of bitcoin.

[freightjoe]

It is not going down. It will just correct many times, which is healthy.

You are right it will correct - just as we saw the market correct in year 2000:

In the span of just a few months in 2000 the internet bubble burst and 280 companies lost 1.7 trillion USD in value. That is 13 times more than the entire market cap of Bitcoin (!). 13 times all of bitcoin in the world lost for comparison.

Almost a third of them lost more than 90% of their valuation. That means Bitcoin can easily go from 7700 USD now to 770 USD very quickly.

It is only now in 2017 - 17 years later - that the NASDAQ has regained what was lost in year 2000.

[Blueblade]

Bitcoin is currently fast developing.The Bitcoin value will decrease even lower.In the Bitcoin world, the value of the permanent population should be increased.It is not possible to say that the bitcoin value will continue to decline ...

[mel1978]

I think the peak of bitcoin is around $8000-8100. It never went up beyond that, do you think it could? Right now its below $8000

It is the natural move of bitcoin. The price will go down but going higher double the price going down but it will never go at very low price.  As time goes by the price continue to increase just a little bit decrease only.  I guess the price of bitcoin will not going down at very low price.

[Xester]

I think the peak of bitcoin is around $8000-8100. It never went up beyond that, do you think it could? Right now its below $8000

It is hard to tell since we are all just assuming on what will happen to bitcoin.  No one precisely knows about it.  Whatever happens, if it reached the $8000 marks or goes down, I will hold on my bitcoin.  I will keep it until I reached the amount I have in my mind and exchange it to cash and buy things I have always wanted.

[ardi65]

I think bitcoin will not go down, because the supply of bitcoin remains 3 years and in 2021 will be exhausted.

[bitfocus]

What makes you think so? if you study the candlesticks you will see it goes up and down just like any regular investments. Don't worry, It will go skyrocket.

[amishmanish]

I think the peak of bitcoin is around $8000-8100. It never went up beyond that, do you think it could? Right now its below $8000

If you have just bought into bitcoin then its natural to ask such a question. Well, I'll just go ahead and assume you just bought in at some ATH pumped by all the recent hype.

Now you expect it to crash everything and reach 16000 so you can double your money. Well, a lot of people will tell you this time and again, and you will not believe them but still HOLD your BTC. Atleast a healthy part of it.
Once you have BTC, A week can feel like a month but just keep it steady for one month and it'll break 10000 for sure.