Bitcoin steeps down to $7,000 and professed major fall down in cryptocurrencies

[coinpediaJordan]

As a trade war is going on between US and China, it is affecting prices of Bitcoin. The cryptocurrencies are in great agony due to the uncertainty of the prices. The bitcoin has come below $7,000 for the first time after a brief period of two months.

Read full info here: https://coinpedia.org/news/bitcoin-steeps-7000-professed-major-fall-cryptocurrencies-prices/

[easybtcearn2017]

I’m not sure about the trade war’s influence in Bitcoin’s price. China has imposed ban on Bitcoin quite a long time ago. This problem shouldn’t affect the Crypto market, to my sense.

[kornilova]

As a trade war is going on between US and China, it is affecting prices of Bitcoin. The cryptocurrencies are in great agony due to the uncertainty of the prices. The bitcoin has come below $7,000 for the first time after a brief period of two months.

Read full info here: https://coinpedia.org/news/bitcoin-steeps-7000-professed-major-fall-cryptocurrencies-prices/

Please do not invest if price falls make you worried. Price falls had occured in the past as well and it will happen in future too. Bitcoin investment had always been risky.

[NJB18]

I doubt there will be more fall down of prices here unless there will be more bad news. Perhaps $5,000 is still possible but I don't though. I already bought enough and will just wait until market recovers.

[SUDARMONO]

It is true and it is very detrimental and lowers the price of bitcoin drastically to hard to move up, and I hope it all can be recovered as soon as possible to end the misery.

[markdario112616]

I doubt there will be more fall down of prices here unless there will be more bad news. Perhaps $5,000 is still possible but I don't though. I already bought enough and will just wait until market recovers.

With or without bad news the price of any other players will continously fluctuate. Given the price as of the moment and If you'd bought at around $6500-6600 then expect it could be a win win situation for you. Most likely based on my analysis Bitcoin could recover up until $7000, $7200 at most around the last week of this month.

[Kakmakr]

The trade wars should not cause a downward pressure on the price of bitcoins. Any cold war tactics will be perceived as a threat by investors and they will usually look for a commodity safe haven during these times. Bitcoin has been seen as a safe haven before, so the opposite should happen, when there are trade wars like this. 

One or two things might be happening here now, Bitcoin is not seen as a Safe haven anymore OR the trade wars is not seen as a huge threat by investors. 

 

[Virtual miner]

As a trade war is going on between US and China, it is affecting prices of Bitcoin. The cryptocurrencies are in great agony due to the uncertainty of the prices. The bitcoin has come below $7,000 for the first time after a brief period of two months.

Read full info here: https://coinpedia.org/news/bitcoin-steeps-7000-professed-major-fall-cryptocurrencies-prices/

You see everything that is going around relating to the crypto world has to has an impact on the bitcoin price. It is such a volatile currency, that even a small event can simply crash its price to low level. And this is the live example we have here!!

I doubt there will be more fall down of prices here unless there will be more bad news. Perhaps $5,000 is still possible but I don't though. I already bought enough and will just wait until market recovers.

With or without bad news the price of any other players will continously fluctuate. Given the price as of the moment and If you'd bought at around $6500-6600 then expect it could be a win win situation for you. Most likely based on my analysis Bitcoin could recover up until $7000, $7200 at most around the last week of this month.

This is a luck by chance situation and I don't think everyone has been able to benefit from the price drop. Moreover people have lost pretty much due to this fall in the bitcoin prices.

[czynatagmz]

This is a luck by chance situation and I don't think everyone has been able to benefit from the price drop. Moreover people have lost pretty much due to this fall in the bitcoin prices.

agreed with you, many people lost there investments and most of them sold with loss.  Due to that and the FUD news, market it going down rapidly. It will take some time to recover back.

[ambisyon]

As a trade war is going on between US and China, it is affecting prices of Bitcoin. The cryptocurrencies are in great agony due to the uncertainty of the prices. The bitcoin has come below $7,000 for the first time after a brief period of two months.

Read full info here: https://coinpedia.org/news/bitcoin-steeps-7000-professed-major-fall-cryptocurrencies-prices/

You see everything that is going around relating to the crypto world has to has an impact on the bitcoin price. It is such a volatile currency, that even a small event can simply crash its price to low level. And this is the live example we have here!!

I doubt there will be more fall down of prices here unless there will be more bad news. Perhaps $5,000 is still possible but I don't though. I already bought enough and will just wait until market recovers.

With or without bad news the price of any other players will continously fluctuate. Given the price as of the moment and If you'd bought at around $6500-6600 then expect it could be a win win situation for you. Most likely based on my analysis Bitcoin could recover up until $7000, $7200 at most around the last week of this month.

This is a luck by chance situation and I don't think everyone has been able to benefit from the price drop. Moreover people have lost pretty much due to this fall in the bitcoin prices.

Yes, bitcoin had declined below the $7K mark where it is the lowest ever it had dip in several months. But I think this will not be the end of everything for bitcoin, let this dip be an opportunity to support in buying more on btc this time at a lower price. I am very optimistic that this price dip is normally temporary and will recover in the succeeding months to come. Let us disregard negative news that hinders the rise of btc and continue to believe that it will soon be back on it's track.

[vincentong17]

The important thing here is bitcoin is staying with us and won't never leave us. Whatever the price would it take? 7k downwards??, I just don't F*cking care! coz I handle my emotion and i know the price will go up after this bearish market. All cryptocurrencies will rise up from ashes! So who ever reading my qoutes you should buy now coz Lightning network will be implemented on several exchanes and wallets and it might increase very hard!

[mabell943]

Actually the market value of bitcoin is always fluctuates in the world trade market or blockchain. 
Therefore it is a normal phenomenon that its market value goes up or down in a short or longer period of time. We should always think that concept.