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Author Topic: It's happening again. Bitcoin price went under $7,000  (Read 256 times)
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April 05, 2018, 07:46:09 AM
 #21

Whales will be satisfied with 4.000 USD, and then - boooooooom!

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April 05, 2018, 08:03:40 AM
 #22

Whales will be satisfied with 4.000 USD, and then - boooooooom!

Maybe. But in reality nobody knows what price can satisfy the whales. Maybe they want $2000...

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April 05, 2018, 08:16:32 AM
 #23

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?

yes it happens again and it is very sad because many are trapped in the expensive price, this happens because of the many bad news that attack the world of cryptocurrency, but if you have very much capital then this is the right time to buy bitcoin and other coin because now the price still cheap everything.

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April 05, 2018, 08:47:53 AM
 #24

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?

Bitcoin fluctuates naturally like this, sometimes there is just no explanations as to why it happens.

The bullishness that we've seen only lasted a short while which means that the bear market is still strong and we're not going to see that turn into a bull market any time in the first half of this year, in my opinion. It is indeed a roller coaster to be in this situation, but this is what happens in a bear market. Stuff like this happens when the bull run is over, especially when it is as big as 2017's.

We are entering a buy zone here. Once price drops back down to $6k or less, I think it's time to start filling up bags again.

But most importantly, do not panic sell in this situation. There is literally no point selling this low, unless you need the money for an urgent purchase/emergency.

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April 05, 2018, 12:44:46 PM
 #25

Whales will be satisfied with 4.000 USD, and then - boooooooom!

Maybe. But in reality nobody knows what price can satisfy the whales. Maybe they want $2000...
Bitcoin price is already volatile always as lately it was expected to happen under $7k. We don't know really the accurate reason's of sudden changes of price, but since most of us invest in bitcoin we should expect this to happen. Regarding with this whales they liked to grab this chance to buy btc when in down.

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April 05, 2018, 01:31:06 PM
 #26

yes bitcoin under $7,000 now and It is approaching to 6000 again,crash of bitcoin was expected Maybe it can happend again and we can see bitcoin under 4000,because the insane rise in prices at the end of 2017 was abnormal . the new investors who bought at high price they must have a little patience
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April 05, 2018, 01:43:40 PM
 #27

We are drowning in negative market sentiment right now. Everything is caused by the amount of not-so-pleasant news like the ban of crypto-related ads by facebook, twitter and google.
Troubles with adoption - which seems to be halted or even regressing at some places. More countries are trying to fight bitcoin - Venezuela and Afganistan and so on...
Given the situation, it's no wonder that we have not exactly the bearish market right now.

I'm normally of the opinion that all news is in a balance, more or less positive and negative. More or less non impactful on price, since price has historically been moving despite, rather than because of, what the news is telling us. Last year's forking and FUDing amidst ATHs convinced me of this.

But now I'm beginning to wonder if indeed the balance has swung towards the negative. Feel like I'm seeing and hearing "bear" everywhere. And some people I do business with are even off commenting that it's "expensive" business paying me in Bitcoin... Understandably, perhaps, if they bought it at high prices. Not that I complained when 20k was in sight!

Hoping for more uplifting news...

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April 05, 2018, 01:44:05 PM
 #28

Whales will be satisfied with 4.000 USD, and then - boooooooom!

In 2015, the exchange rates had reached a new low of around $200 per coin. The historical peak at that time was $1,231 per coin which was attained in 2013 December. So the prices in 2015 represented a 85% decline from the peak valuation. Going by the same logic, an 85% reduction from the peak in 2017 December ($20,000 per coin) comes to around $3,000 per coin.


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April 05, 2018, 01:50:29 PM
 #29

Whales will be satisfied with 4.000 USD, and then - boooooooom!

Maybe. But in reality nobody knows what price can satisfy the whales. Maybe they want $2000...

I personally think there are a lot of buy orders around $6000 (that is where it dipped to in February).

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April 05, 2018, 04:31:16 PM
 #30

Actually I don't know what's happening now. Yesterday we feel happy because the price are beginning to increase but in a few hours the price decrease more than 5%, so confused. how much longer we should wait for the market to recover.

It's almost certainly market manipulation. Someone (the whales, as they are usually called here) continuously suppresses the rise by quickly dumping large amounts of coins.
Then buys the lowest possible point of a price that bitcoin will get, it's pretty normal to witness such manipulation from the whales mostly this period of time where bitcoin is almost thousands of dollars, we talking about the large sum of money per coin compare to older days when the price was a hundred bucks, whales got a serious business with the market manipulation seeing how the market fluctuates pretty bad proves the speculation that they are somewhat involved with this.

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April 05, 2018, 04:37:39 PM
 #31

Whales will be satisfied with 4.000 USD, and then - boooooooom!

I do not think so. The bottom is around $6000. I will buy a lot when the price reaches there. I might sell my other stocks to buy into bitcon or bitcoin cash or even Eth.
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April 05, 2018, 04:42:50 PM
 #32

In 2015, the exchange rates had reached a new low of around $200 per coin. The historical peak at that time was $1,231 per coin which was attained in 2013 December. So the prices in 2015 represented a 85% decline from the peak valuation. Going by the same logic, an 85% reduction from the peak in 2017 December ($20,000 per coin) comes to around $3,000 per coin.



4k is already a good point of entry.

There will be a massive bear trap before the price recovers. Until now there is no sign of it.

The bear dream is the three-digit nightmare train. The trap should induce the shorters to keep closing their positions until they get squeezed around the $1,000 area.

They need the bull traps to make a profit, but they will be always shorting, since its not of their nature to hold bitcoin. They dont believe in it, their objective is to accumulate fiat money.

As soon as the bear trap closes, we can resume a upward movement.

Those with spare fiat can take advantage of the moment and buy some.



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April 06, 2018, 06:47:53 AM
 #33

Whales will be satisfied with 4.000 USD, and then - boooooooom!

I do not think so. The bottom is around $6000. I will buy a lot when the price reaches there. I might sell my other stocks to buy into bitcon or bitcoin cash or even Eth.

I sincerely hope you are right.

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April 06, 2018, 07:40:04 AM
 #34

This week was a roller coaster. The prices went up and down. Bitcoin price is below $7,000 again

Why did the price fluctuate so much lately?

yes you are right the price has decreased again and unexpectedly it is the same again with the previous ever experienced this possibility because of bad news that attacked the world of cryptocurrency which of course makes bitcoin price collapsed.
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April 06, 2018, 08:05:05 AM
 #35

All wealth evaporating as credit dries up...  all assets sink around the world
It is more like the whole world of trading is just on fire. The Forex, stocks, cryptocurrency just keeps getting beaten. Nevertheless, I feel this is just a matter of time, and we may just have to see how things will be turning out. So far, this bitcoin market is highly manipulated and that is the only theory I can come up with and it just seems the same way some set of people just did not want to value to drop lower last year, then we are seeing the same set not wanting it to go higher.

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April 06, 2018, 09:57:15 AM
 #36

Recently bitcoin was priced very much because of the information on the network. The state news banned bitcoin and urged people to be aware of bitcoin. Because they think this is a scam, they can lose money unfairly. The reason for this is that the electronic currency has not been accepted by the state and the bank and is considered an official currency.


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April 06, 2018, 02:00:05 PM
 #37

Whenever we think it's going up now it crashes again. The bullish momentum failed to continue on controlling the market and the market’s bears have been having the upper hand during the trading sessions of the past eight days.
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April 06, 2018, 02:24:59 PM
 #38

This week in bitcoin managed to cram in more drama than a Mexican telenovela, with major market drama, regulatory drama, and Ponzi drama to name but three. Things started smoothly enough, with our leading story, as Monday broke, addressing the fact that 80% of all bitcoins have now been mined.

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April 06, 2018, 02:40:56 PM
 #39

I don't think these latest dumps are happening because of mt. gox or any other third party. Its clear explanation: People lost trust to "get rich quick" scheme of bitcoin imposed by media. They lost patience and left.

Correct,, that’s what I thought the biggest reason about it’s slow recovery that is not like before.. Mt. fox controversy has passed and been denied by the management,, Binance hacking attempt been solved within an instant and social media banning is so irrelevant and less friction as it is advertising continuously..

The investors are disappointed because of lack of knowledge about bitcoin investment.. They do care about the price more today than what is in the future..

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April 06, 2018, 03:18:53 PM
 #40

What's with this nonstop topic. I've seen a lot of threads that talks about this, Its becoming more redundant as day goes by. We all know that industry is become more volatile unlike before, and I know OP knows it too. I just don't get it why there's a need to set up a new thread with the same topic all over again.
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