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Author Topic: Why BTC is under $7K?  (Read 584 times)
jamesbond007pro (OP)
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June 10, 2018, 11:52:44 PM
 #1

On the market, today i see the BTC price is under $7K? I do not why, do you have any ideas for this? Do you think the price will increase again or it will continue to go down?  I hope on this month the will go uptrend for a long time and will reach over $10K. Thank you for your opinion.
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June 11, 2018, 01:50:48 AM
 #2

Plethora of factors including an exchange hack (small) and large wallets moving funds to exchanges. 
jamesbond007pro (OP)
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June 11, 2018, 02:29:33 AM
 #3

Plethora of factors including an exchange hack (small) and large wallets moving funds to exchanges. 

Oh really? Where do you get this information, if you can please share for us, i think many people are caring about this information. Thank you for your support.
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June 11, 2018, 02:33:16 AM
 #4

On the market, today i see the BTC price is under $7K? I do not why, do you have any ideas for this?
I have no idea about the market's situation but what I see is all of the altcoin market as well is down.

Do you think the price will increase again or it will continue to go down? 
For someone that believes in bitcoin, yes it will increase again but for someone that wants to see bitcoin people suffer, they will say it will go down.

I hope on this month the will go uptrend for a long time and will reach over $10K. Thank you for your opinion.
We do hope that this month of June is going to be the end of bearish market.

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June 11, 2018, 02:50:04 AM
 #5

Is normal for market fluctuations to occur but oene of the reason for this dip is the exchange hack hopefully we wish tonsee bitcoin rise again in the nect few days

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June 11, 2018, 03:13:10 AM
 #6

The point is hack Angry
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June 11, 2018, 05:40:19 AM
 #7

Because this was expected. Bitcoin is characterized by itx extreme volatility, and it is the same today as it was years ago. It fell to $300 from $1200 before, so practically speaking it could fall even to $5000 from $20000 but this is temporary, even if temporary can mean months. Even could mean years. So yes, 10k again is possible, so is $20k, just that it is a matter of time. If you can't wait for that long, then Bitcoin and crypto is not for you.

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June 11, 2018, 05:47:46 AM
 #8

This is not first time when under 7 k.

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June 11, 2018, 05:57:25 AM
 #9

This is not first time when under 7 k.
It was $6,000 before this month so I don't know why people are keep on asking this thing when bitcoin is hitting below their certain expected prices.

In my opinion, if in next month the BTC price will not go up, we should not expect more it in this year. Maybe I will wait the next year to consider before make next investment. Although this condition, I still hope the market will come back soon.
Thank you!
That's impossible that next month bitcoin will not go up. Each month there's something strange with the charts but I highly doubt it.

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June 11, 2018, 06:24:44 AM
 #10

Move this thread to bitcoin discussion
One of reason i've heard is because one of exhanges, Coinrail got hacked total around $40 million equal with altcoins.
https://bitcointalk.org/index.php?topic=4452136.0
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June 11, 2018, 06:56:50 AM
 #11

Unfortunately not only BTC.. everything is down. Ok, alts down because of BTC.

Honestly I don´t know reason, and even was not expecting that. Hack.. might be.
But, during this year already for a half year there was no stable grow, just weekly jumps.
I want to see Jan2018 numbers again
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June 11, 2018, 08:31:40 AM
 #12

On the market, today i see the BTC price is under $7K? I do not why, do you have any ideas for this? Do you think the price will increase again or it will continue to go down?  I hope on this month the will go uptrend for a long time and will reach over $10K. Thank you for your opinion.

My idea for you is that you have to buy as many coins as of now, you should take the opportunity to buy coins at a cheap price BTC for your future investment, though in the long run.

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June 11, 2018, 08:38:10 AM
 #13

During the year 2018 I think all altcoin including BTC there is no significant growth, and I do not know the reason what, what there is to know why BTC is now in the range of $7k or even lower?
whether there will be a significant increase like the years yesterday?

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June 11, 2018, 08:38:51 AM
 #14

In my opinion, BTC will fall down approximately 6000$. Then till next month, it will be back 9k soon.
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June 11, 2018, 09:00:13 AM
 #15

As I see it is the market cycle. Btc have to finish its cycle and then it will begin next market cycle after finish its current cycle. But next market cycle will go high rather than previous one. Calm down and stick with market cycle.
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June 11, 2018, 09:43:39 AM
 #16

The market has been in a sideway trend at the low levels for a significant time, and the summer vacations are coming. Some investors don't see the drivers of btc growth in the next few months, so they cash out.
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June 11, 2018, 09:49:13 AM
 #17

Plethora of factors including an exchange hack (small) and large wallets moving funds to exchanges. 

Oh really? Where do you get this information, if you can please share for us, i think many people are caring about this information. Thank you for your support.

It looks like indeed one point was this hack.
It looks like the hacker was using decentralized exchanges to convert into BTC and then he sold.
However, the numbers don't add up, there were much more BTC dumped than the (equivalent of the) amounts they've admitted to be missing.

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June 11, 2018, 10:39:00 AM
 #18

The price of bitcoin dropped by $ 500 in just one hour on sunday, dropping to $ 6,700 and thus the lowest level in the past two months.
according to CoinMarketCap, the world's largest crypto dollar Bitcoin now has a feat like 6 thousand 783.04 dollars. according to price indices of sites such as CoinDesk, Bitcoin has been reduced to 6 thousand 783.04 dollars today, which is the lowest level Bitcoin has seen since April 11.
Bitcoin's solid support at 7,470 dollars Of course it is a bad situation for Bitcoin to have lost its balance for the last two months, if it were to talk to investors. Bitcoin was down to 5 thousand 900 dollars in February, but recovered afterwards.With the decline in the price of bitcoin, a decline in the crypto money market has also begun. the total market volume of the market is around 295 billion dollars, but this number was around 340 billion dollars.
almost all of the coins appearing in the crypto money market now appear to have declined in the last 24 hours on some occasions.
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June 11, 2018, 11:27:02 AM
 #19

In my opinion, BTC will fall down approximately 6000$. Then till next month, it will be back 9k soon.
A lot of good speculation with bticoin but I think its better to focus on your target price now, don't be intimidated by the current situation because this market is really unstable and its volatility is getting higher. No specific reason for the current dump but I think people are on panic again. Take it easy and don't rush this market, it will recover soon.

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June 11, 2018, 11:31:53 AM
 #20

Is a normal market manipulation but when price will grown up again - nobody knows, except whales.... Probably is the END.
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