Why does it keep falling ?

[Phinnaeus Gage]

my guess is that this weeks flat trading scared a few speculators into selling, dropping the price into the low 16's yesterday...thats causing a ripple effect and now there is a panic sale that will prob drive it down to mid or low 15's

i actually wish i had more usd in dwolla or on the exchange to buy more today...i spent my reserve cash on the low prices yesterday......my guess is the price will settle at 14-15 and go back up to 16-17 in the next few days. 

in any case, im keeping my money in....i could be wrong, but if i am, i haven't lost too much (never gamble what you cant afford to lose  )

I wonder where evolve went to.

[YipYip]

my guess is that this weeks flat trading scared a few speculators into selling, dropping the price into the low 16's yesterday...thats causing a ripple effect and now there is a panic sale that will prob drive it down to mid or low 15's

i actually wish i had more usd in dwolla or on the exchange to buy more today...i spent my reserve cash on the low prices yesterday......my guess is the price will settle at 14-15 and go back up to 16-17 in the next few days. 

in any case, im keeping my money in....i could be wrong, but if i am, i haven't lost too much (never gamble what you cant afford to lose  )

I wonder where evolve went to.

I had to do a double check as i thought he was talking about ltc... lolz

You are freaking me out necro ing such an old thread ..I suppose the "stop falling" theme is appropriate :/ 

[jambo110]

Hopefully, we are a part of history in the making...

Tell your grand kids about "When I was young, a single bitcoin could only buy you a couple of gallons of milk.  Now a single bitcoin can buy you a small country."

How True.   

[btc78]

Hopefully, we are a part of history in the making...

Tell your grand kids about "When I was young, a single bitcoin could only buy you a couple of gallons of milk.  Now a single bitcoin can buy you a small country."

How True.   

Almost there 

Imagine in the next few years , this question from 10 years ago will be happening ?

damn how lucky those who bought back from that same year as they have not only story to tell but also experience to share with their Grandchildren .

[carbonc]

Hopefully, we are a part of history in the making...

Tell your grand kids about "When I was young, a single bitcoin could only buy you a couple of gallons of milk.  Now a single bitcoin can buy you a small country."

How True.   

Almost there 

Imagine in the next few years , this question from 10 years ago will be happening ?

damn how lucky those who bought back from that same year as they have not only story to tell but also experience to share with their Grandchildren .

Indeed.

[STT]

Momentum is quite a large part of a move, I need to weigh this better myself but imagine if stumbling down a hill its harder to get a foothold again while already moving with speed.   Similar I think we have momentum when rising that should be referenced as to the continuation in price rises.   All today we've been trading above the 12hr average and also regained the 2 day average, while we keep hold all of these we should assume price remains with pressure upwards despite possible resistance to overcome.

[Johnyz]

Hopefully, we are a part of history in the making...

Tell your grand kids about "When I was young, a single bitcoin could only buy you a couple of gallons of milk.  Now a single bitcoin can buy you a small country."

How True.  

Almost there  

Imagine in the next few years , this question from 10 years ago will be happening ?

damn how lucky those who bought back from that same year as they have not only story to tell but also experience to share with their Grandchildren .

This is not just a luck I guess, we all took the risk on investing in cryptocurrency, we believe on this technology and imagine those who invested a decade ago and still holding their Bitcoin, that’s pure dedication and a risk taker that’s why they deserve the money they have right now. The price starts to recover again, we are in a good shape that anytime can break the resistance so watch out as we continue the up trend this quarter and hopefully until the end of the year.

[rhodelmabanal]

For the last two weeks every larger fall in value has been followed by an equivalent rise in value after it, only a bit slower (taking hours instead of minutes). I figured it was boomerang-like with a reasonable chance, and therefore safe to invest in.
Now the bitcoin has fallen from ~17 to about ~16.5 and it looks like it's slowly falling further instead of rising ? What do you figure is going on and why, and when will it be back to 17+ ? And should those who have BTC sell out in expectance of an even greater fall or wait for it to rise ?

Not the right time to sell bitcoin right now, considering the end of the year bitcoin will make a big surprise for people who invest here, today bitcoin is going up although yesterday it was down, I think bitcoin is currently experiencing a good trend.

To answer what happened with bitcoin, we need to analyze a few things under these circumstances, there is one strong reason why bitcoin goes up and down. According to my analysis, investors start preparing for 2018 pattern, they want to weaken bitcoin, after that they buy it.

In the end bitcoin must be controlled by them and at the end of the year this situation will be used to sell all the bitcoins they have at the amount they have planned, so today bitcoin has its ups and downs.

Well I think bitcoin is now rising and it has a possibility that it will continue to rise before year end so it is the best time to hold if you buy btc at 29k$ then you have now earnings but if you want it big then just hold till the price become double to make double earnings, although it is a risky idea but sometimes we also need to do risky decision to earn big profit.

[Jating]

Momentum is quite a large part of a move, I need to weigh this better myself but imagine if stumbling down a hill its harder to get a foothold again while already moving with speed.   Similar I think we have momentum when rising that should be referenced as to the continuation in price rises.   All today we've been trading above the 12hr average and also regained the 2 day average, while we keep hold all of these we should assume price remains with pressure upwards despite possible resistance to overcome.

Or volume, if we see greater volume in the next coming days then we might see another upside around $52k. But currently, we have that kind of momentum to go and even try $49k again.

Yes, we have regained the 2 day average, and if we have enough volume to push then those resistance will be broken along the line this week. So I'm hoping to see more upside than pressure.

[stomachgrowls]

Momentum is quite a large part of a move, I need to weigh this better myself but imagine if stumbling down a hill its harder to get a foothold again while already moving with speed.   Similar I think we have momentum when rising that should be referenced as to the continuation in price rises.   All today we've been trading above the 12hr average and also regained the 2 day average, while we keep hold all of these we should assume price remains with pressure upwards despite possible resistance to overcome.

Or volume, if we see greater volume in the next coming days then we might see another upside around $52k. But currently, we have that kind of momentum to go and even try $49k again.

Yes, we have regained the 2 day average, and if we have enough volume to push then those resistance will be broken along the line this week. So I'm hoping to see more upside than pressure.

Lets not be too impatient because we cant really just see a rally on a continous basis considering that there would really be lots of take profit levels specially on 50k which is its understandable that there would be some

pullbacks that would happen along the way but at least we've seen that it do able to sustain its position despite on having that kind of rejection on that recent resistance but presuming that this is the next line to be broken
then it wouldnt really take too much time.

Of course we do really need that volume on breaking those lines but we dont know on when the demand would kick or sets in.

[Shasha80]

Well I think bitcoin is now rising and it has a possibility that it will continue to rise before year end so it is the best time to hold if you buy btc at 29k$ then you have now earnings but if you want it big then just hold till the price become double to make double earnings, although it is a risky idea but sometimes we also need to do risky decision to earn big profit.

For risk almost everyone will experience it, which is why every investment is a level of risk that must be controlled, otherwise the risk will make us lose uncontrollably.

Today bitcoin has the upper hand, compared to other coins, meaning that the future opportunities for bitcoin are very large if we can use it well, I think if detention can be carried out, then do it until next year.

Every investment has risks, but maybe the level of risk of investing in Bitcoin is quite high. So we really have to do risk management properly,
so that the decisions we take do not make us suffer losses. If we want big profits, we must also be brave to face big risks. Now that Bitcoin is
in a bullish trend, its price is starting to rise slowly and is trying to get past the $50k price. We should not miss the opportunity to invest in Bitcoin,
if we look at Bitcoin's performance in 2021, which is very extraordinary. Like Bitcoin it will be very profitable for long-term investments,
so it would be better if holding Bitcoin at least until the end of this year.

[asrinur]

I think Bitcoin is on the rise again. The bitcoin price has touched the $50k mark at the moment. The price increase this time reached its highest level more than three months ago. This increase was predicted to continue to increase and continue to increase until the end of the year.

[Kittygalore]

I think Bitcoin is on the rise again. The bitcoin price has touched the $50k mark at the moment. The price increase this time reached its highest level more than three months ago. This increase was predicted to continue to increase and continue to increase until the end of the year.

Hopefully that's going to be the case, people seems to have taken profit at 50k and sold most of their coins so the prices have gone down again but it's a temporary thing, the prices will bounce back again which it does over and over again and there's still 4 months left so bitcoin still have a lot of time to go up and surprise us.

[jakdanyel]

Finally, Bitcoin price has started to rise again. It has been having a problem on breaking the $48k and $49k resistance levels. We even saw $46k. It made me nervous about whether we would see another serious decrease. However, the price has started recovering and breaking these resistance levels. And it broke $50k resistance also in the last 24 hours. I believe that the rise will continue and we can see $55k in not much time.

[STT]

Its generally rising within a channel right now, we are below the 2 day average but above the weekly average which is where I generally weigh up prospects overall as positive or negative.



Overall even if it falls back to 48k over these next few days it has to considered as likely to continue positively.   Just going on the basis of higher lows and higher highs its not been negative since late July where we reversed very strongly.   If the wider market pulls back it could mean BTC also suffers negative sentiment and leverage unwinding but thats not on the horizon yet.

[Quidat]

Finally, Bitcoin price has started to rise again. It has been having a problem on breaking the $48k and $49k resistance levels. We even saw $46k. It made me nervous about whether we would see another serious decrease. However, the price has started recovering and breaking these resistance levels. And it broke $50k resistance also in the last 24 hours. I believe that the rise will continue and we can see $55k in not much time.

We do always have a problem on breaking every 10k increments which is something not unsual but rather it is always something a wall which cant really be penetrated easily
unless if there is some strong hype or sentiments behind thats why its really hard to determine whether it could make some breakout or would really be rejected for how many times.
Falling or Rising, these are the only ways or paths on where market prices do go but there are lots of factors which need to be considered first before making any decision or step.

[BobK71]

At present thousands of fake news are being made all the time.  We are constantly being deceived by such false news. We should not listen to any rumors. Don’t take any decision without good research. And one of the most important thing is don't panic. Bitcoin prices have down fall due to panic sale.

[BobK71]

Different news works behind the reduction of Bitcoin price where panic cells are the main reason. It is only natural that the price of any asset will go down when there is more sale order than buy order. Other wise the reasons that is being observed at the moment there is a complication with the future trading option of Binance in Australia as well as new requirements wanted by south Korean crypto regulation from the ten Korean crypto currency exchanges.

[Dhaniii]

At present thousands of fake news are being made all the time.  We are constantly being deceived by such false news. We should not listen to any rumors. Don’t take any decision without good research. And one of the most important thing is don't panic. Bitcoin prices have down fall due to panic sale.

let them get caught up with fake news and let them panic sell, because market conditions are being influenced by investors who want to buy bitcoin at very low prices. You should be able to refrain from this game, because when investors start adopting all prices will be pumped back very quickly and start taking the opportunity to sell your pending assets.

[leea-1334]

Hopefully, we are a part of history in the making...

Tell your grand kids about "When I was young, a single bitcoin could only buy you a couple of gallons of milk.  Now a single bitcoin can buy you a small country."

How True.  

We need to thank the bumper of this thread, who reminded us about the story we have to tell our grandchildren. Too bad I missed out on when BTC was buying a gallon of milk, but I am glad when I got in, 1 coin could not even buy a return plane ticket for me to overseas but now it can buy me and all my family business class seats and 5-star hotels for a week.

Now,,, my problem is still trying to collect that one BTC, the ultimate dream!