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Author Topic: Why BTC is under $7K?  (Read 347 times)
jamesbond007pro
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June 14, 2018, 11:50:10 PM
 #61

Do not believe the market, there is an opinion that whales are trying to create a panic, in order to buy the cryptocurrency is cheaper. Do not sell.

Yes, i agree with you, i will hold BTC and ETH for a long time, i have a long plan with them. I think this time we should buy more and more. Thank you for you opinion and advise. Good luck
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June 15, 2018, 01:06:08 AM
 #62

And I think that the price of bitcoin is artificially understated by large players in order to purchase as cheaply as possible! In any case, I am sure that by the end of 2019 the price for 1 bitcoin will be not less than 100 000 dollars!
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June 15, 2018, 01:28:59 AM
 #63

I think the price of this end BTC went down because investors were selling its assets for their personal needs, maybe after a month it price BTC gonna rise again
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June 15, 2018, 07:58:09 AM
 #64

perhaps because miners and investors have plenty hold of bitcoins and sell them from the high bitcoin prices so that the bitcoin price is slowing down $7k today, but we do not have to worry about bitcoins today because of the bitcoin condition, because of the bitcoin process.
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June 15, 2018, 08:25:44 AM
 #65

There is a lot of fud and people with weak hands actually selling that is the main reason of why everything seems to be extra dumped, anyway, this is not so bad

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June 15, 2018, 08:27:58 AM
 #66

Well there was a common notion that the crashed has something to do with a South Korean exchange being hacked. But my problem with this argument is that the exchanges that was hacked as far as I know what not that well known, so I keep on struggling to understand if this is the real reason. Maybe it's just the catalyst that the market manipulators have all been waiting for, to put a big sell order to send messages again to those newbie investors. And eventually they succeeded because there was a panic pulling the price to another all-time-low this year at $6000. Although the market has started to bounce back, I'm still not sold on it because daily traders will take advantage of this situation again so just used your common sense before re-entering so that you will not be disappointed.

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June 20, 2018, 04:27:35 AM
 #67

perhaps because miners and investors have plenty hold of bitcoins and sell them from the high bitcoin prices so that the bitcoin price is slowing down $7k today, but we do not have to worry about bitcoins today because of the bitcoin condition, because of the bitcoin process.

Some bad news these days made btc down trend. Do you think BTC will go down under 6K? I heard information that Bithumb exchange from Korea was hacked. I think every investors should be carefully to invest. Good luck to all
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June 20, 2018, 04:54:34 AM
 #68

perhaps because miners and investors have plenty hold of bitcoins and sell them from the high bitcoin prices so that the bitcoin price is slowing down $7k today, but we do not have to worry about bitcoins today because of the bitcoin condition, because of the bitcoin process.

Some bad news these days made btc down trend. Do you think BTC will go down under 6K? I heard information that Bithumb exchange from Korea was hacked. I think every investors should be carefully to invest. Good luck to all
well, this is always there every year, but I think this is a hard decline if measured since 2017. well, I just hope bitcoin prices go back up above $ 7500 price. yesterday bitcoin prices have increased, but for some reason today again decreased.

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June 20, 2018, 05:08:20 AM
 #69

The questions of WHY for bitcoin price movements do have a broad answer and should be understood when bitcoin prices decrease. Bitcoin prices are always moving depending on the information, and I've never seen bitcoin prices have a stable price. A few days back there is a lot of bad information about cryptocurrency, which is vulnerable an exchange hack by hackers. The price hike in 2018 is largely influenced by hacked exchange, many of which assume that investing in cryptocurrency will only make a loss.

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June 20, 2018, 10:31:51 AM
 #70

perhaps because miners and investors have plenty hold of bitcoins and sell them from the high bitcoin prices so that the bitcoin price is slowing down $7k today, but we do not have to worry about bitcoins today because of the bitcoin condition, because of the bitcoin process.
indeed bitcoin is undergoing a long correction. but, I agree with your opinion that bitcoin is in the process of making good grades for the future. bitcoin values are now slowly rising and rising. hopefully, the value of being traded by traders and investors can immediately pick up the high value back next month.

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June 20, 2018, 08:30:51 PM
 #71

We got too much hype about Bitcoin in Q4 2017, it is what sent Bitcoin to the roof. It happened based on the feelings mainly. It doesn't mean it should not happen, it shall but not so fast. People are used to think bitcoin shall be 20,000$ absolutely and it is totally wrong.
Recently the curve seems longer than usual, which could mean it will take a while to see the price up again (just my 2 cents)

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June 20, 2018, 08:43:17 PM
 #72

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.
Decreasing the price bitcoin is normal everyday it's changing the price even ow that bitcoin is under 7k we don't hear any news about what happen why bitcoin go down the price there's a lot of circumstances why the market is volatile now. But we still hoping that we can recover about this.

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June 20, 2018, 09:49:44 PM
 #73

The other reason why bitcoin price until now is under 7k dollars is because of the panic seller because they did not believe bitcoin will recover again. And the other investor still waitung for the sign again to increase the price even a little and I think they buy more again and the price will pump again and we will earn more money again 10k dollars possible for this month.

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June 20, 2018, 09:52:18 PM
 #74

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.

The volatility of the whole crypto market is not that great.

Rising Wolf wrote "if bitcoin drops below 100B market cap, the futures have to close, as can not do markets below 100B and the price is $5850". I guess if we will crash below that level, we can see prices way lower for some period of time.

Also, Bithumb hack is not that pleasant factor for crypto raise..

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June 21, 2018, 12:28:27 AM
 #75

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.

The price of cryptocurrency is depending on supply and demand so obviously the market price will just keep on decreasing if most of the people will be preferring to sell their coins and the volume in the market will be keep on increasing which will lead for the market price to depreciate.

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June 24, 2018, 05:50:06 AM
 #76

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.

Dear friend,
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!
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June 24, 2018, 09:49:35 AM
 #77

"BITCOIN prices tumbled today as the US Justice Department opens a criminal probe on price manipulation. The cryptocurrency could plummet below $7,000 as pressure to introduce regulation builds."

Here you can find the reason why bitcoin price drop today(Link) : https://www.express.co.uk/finance/city/964720/bitcoin-price-news-why-is-BT-falling-today.

US opens a department to monitor those people who manipulate prices of cryptocurrencies that's why prices of all currrencies down. People who invest huge amount in altcoins and bitcoin sell their coins and finally price of these coins drop.


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June 24, 2018, 10:04:39 AM
 #78

This is not first time when under 7 k.
of course, now is $ 7000 for the umpteenth time, precisely now the price has dropped below $ 6000. we are experiencing a long bearish trend and quite tiring. but, I think ahead of July and August there will be a re-sale price to get more value at the end of the year. a little more patience, this is just an ending yearly correction in the coming months.

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June 24, 2018, 08:35:50 PM
 #79

Why? Because bitcoin is currently in a bear market, it's as simple as that.

There is constant bearish sentiment across the market. Prices has not really seen any momentum upwards as most of the time it's just in a freefall. The bear market will only come to an end after it finds a bottom and starts its recovery, which I don't think is happening at the moment. There has simply not been enough time for consolidation to consider the bear market over by any means, which is why i think there is a high likelihood that prices are going further down.

Plus, another reason is that $10k resistance was demonstrated to be too strong to breach atm for BTC.

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June 24, 2018, 09:21:17 PM
 #80

The other reason why bitcoin price until now is under 7k dollars is because of the panic seller because they did not believe bitcoin will recover again. And the other investor still waitung for the sign again to increase the price even a little and I think they buy more again and the price will pump again and we will earn more money again 10k dollars possible for this month.
No doubt that there is high selling pressure in the market which is also influencing the bitcoin price to decrease, actually in such situation people stop taking interest to invest their money and therefore the they even divert their investment from bitcoin to some other crypto currencies, i hope that very soon the bearish trend will over and people will once again start taking interest in bitcoin.

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