Bitcoin Forum
December 07, 2019, 12:00:08 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin steeps down to $7,000 and professed major fall down in cryptocurrencies  (Read 77 times)
coinpediaJordan
Newbie
*
Offline Offline

Activity: 210
Merit: 0


View Profile
April 05, 2018, 09:40:49 AM
 #1

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/
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
easybtcearn2017
Jr. Member
*
Offline Offline

Activity: 294
Merit: 1


View Profile
April 07, 2018, 04:48:24 AM
 #2

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
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
April 07, 2018, 04:55:30 AM
 #3

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
Sr. Member
****
Offline Offline

Activity: 660
Merit: 250


View Profile
April 07, 2018, 04:57:03 AM
 #4

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
Full Member
***
Offline Offline

Activity: 504
Merit: 100



View Profile
April 07, 2018, 05:11:26 AM
 #5

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
Full Member
***
Offline Offline

Activity: 630
Merit: 111


View Profile
April 07, 2018, 05:22:51 AM
 #6

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
Legendary
*
Offline Offline

Activity: 1862
Merit: 1383


View Profile
April 07, 2018, 05:50:57 AM
 #7

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.  Huh

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. 

 

Signature space for rent - PM me.
Virtual miner
Sr. Member
****
Offline Offline

Activity: 728
Merit: 273



View Profile
April 07, 2018, 06:34:55 AM
 #8

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
Member
**
Offline Offline

Activity: 138
Merit: 11


View Profile
April 07, 2018, 07:42:53 AM
 #9

Quote
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
Jr. Member
*
Offline Offline

Activity: 322
Merit: 1


View Profile
April 07, 2018, 07:59:33 AM
 #10

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.












REME-COIN ● Marketplace with up to 100% Cashback
▬▬ ● ● ICO (PRE-SALE) START: 2 MAY 2018 ● ● ▬▬ (https://www.remecoin.io/)
vincentong17
Member
**
Offline Offline

Activity: 266
Merit: 17


View Profile
April 07, 2018, 10:48:30 PM
Last edit: April 12, 2018, 08:21:37 AM by vincentong17
Merited by gunhell16 (5)
 #11

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
Sr. Member
****
Offline Offline

Activity: 592
Merit: 258



View Profile
April 25, 2018, 01:45:43 PM
 #12

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.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!