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Author Topic: No change in bitcoin price for 24 hours  (Read 278 times)
First77
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June 11, 2018, 10:54:45 PM
 #1

Today Bitcoin fell from $7500 to $6,700 and the price has not changed in the past 24 hours. It is at $6750 all the time.

Did something go very wrong with Bitcoin ?? -12% fall in one hour and then no trading till now..
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June 11, 2018, 11:06:42 PM
 #2

Yeah the current market is really quite at the moment.
Maybe a lot of people also just have their spring holiday, therefore not so many trading activities.
Approaching Summer toward end of the year, I think Bitcoin will start to climb again. So, this month also a good entry point to keep staking your Bitcoin ;-)
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June 11, 2018, 11:10:11 PM
 #3

It can fly high up any moment tho, Dont worry about these kind of staff, Take a rest day Smiley
First77
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June 12, 2018, 04:53:57 PM
 #4

It can fly high up any moment tho, Dont worry about these kind of staff, Take a rest day Smiley

Still no price change. Looks like there will be -$2000 fall after all the silence.
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June 13, 2018, 09:40:43 AM
 #5

No, there is nothing wrong with bitcoin, at all.

Prices are first of all usually pretty stagnant in a bear market, compared to in a bull market anyways. Plus, prices were and still are simply consolidating at this $6.5k-ish level before moving, which is pretty characteristic of any falling market encountering support or resistance (in this case, support).

I wouldn't expect any sort of bullishness right now. Prices are unlikely to get pumped overnight as some people may suggest. In fact, I believe that there will probably be further dips coming our way before prices hit rock bottom.

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June 13, 2018, 10:02:23 AM
 #6

I believe that the hacked in South Korea is the major reason why bitcoin is going down  and since this is not related to a pre-planned something I think bitcoin is going to get it losses back and resume the little upwards movement it was having.  I also think that this gives an opportunity for new investors to invest into cryptocurrencies.

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June 13, 2018, 02:48:28 PM
 #7

I believe that the hacked in South Korea is the major reason why bitcoin is going down  and since this is not related to a pre-planned something I think bitcoin is going to get it losses back and resume the little upwards movement it was having.  I also think that this gives an opportunity for new investors to invest into cryptocurrencies.
Anything could cause it, as there is nothing really we can point at.
The market for some days and months now has been in a huge bear market and even though we may want to look for something to justify it, it just seems the smart money is not ready to give it a push at all.

For changes in price, it is normal to see some level of uncertainty in a market during this period and that of course should have been gotten used to now. There is low volume, the market is going down, and most traders are out of the market until there is a guaranteed movement, so it is normal to see sideways movement in cases like this.

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June 13, 2018, 03:03:54 PM
 #8

Man for the first time ever I am so depressed, I did not even open my exchanges accounts since the fall, my funds took huge hit -50% . For the first time I do not really know what I should do . But I have decided it is too late for any action now and all I need to do is to shell and set tight hope for a miracle  Cheesy .


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Kronos21
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June 13, 2018, 03:29:33 PM
 #9

Man for the first time ever I am so depressed, I did not even open my exchanges accounts since the fall, my funds took huge hit -50% . For the first time I do not really know what I should do . But I have decided it is too late for any action now and all I need to do is to shell and set tight hope for a miracle  Cheesy .
I think that's what everyone thinks. I do not know who is trading on the exchanges. It seems to me that this is done only by the whale Alt accounts to support the fall. I don't see any other way but to stop trading. Let them sell their own coins. I'll wait for the price to recover. Whales will not be able to constantly restrain the growth of prices.
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June 13, 2018, 03:32:11 PM
 #10

Man for the first time ever I am so depressed, I did not even open my exchanges accounts since the fall, my funds took huge hit -50% . For the first time I do not really know what I should do . But I have decided it is too late for any action now and all I need to do is to shell and set tight hope for a miracle  Cheesy .

If you had experience in late 2013 to early 2016, then you will not be so depressed.
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June 13, 2018, 03:42:48 PM
 #11

Man for the first time ever I am so depressed, I did not even open my exchanges accounts since the fall, my funds took huge hit -50% . For the first time I do not really know what I should do . But I have decided it is too late for any action now and all I need to do is to shell and set tight hope for a miracle  Cheesy .

At this point, just hodl and don't sell at a loss. As you said, now is not a good time to sell. The way I see it is, if you didn't sell your coins at $19k, why sell them for $6k? Just Hodl strong through the bear market, and don't panic. Things actually could get a bit worse from here. Its a long-term game, short-term dips are no worry.
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June 13, 2018, 03:52:19 PM
 #12

Today Bitcoin fell from $7500 to $6,700 and the price has not changed in the past 24 hours. It is at $6750 all the time.

Did something go very wrong with Bitcoin ?? -12% fall in one hour and then no trading till now..

Now the price of bitcoin reduced below 6500$ reach 6430$.This make me very angry,I need to sell 500$ of bitcoin for my personal expenses.If I had exchange 500$ with today rate,I will lose huge amount of bitcoin.For this I use to suggest the people to inverse independent money.
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June 13, 2018, 07:10:47 PM
 #13

Today Bitcoin fell from $7500 to $6,700 and the price has not changed in the past 24 hours. It is at $6750 all the time.

Did something go very wrong with Bitcoin ?? -12% fall in one hour and then no trading till now..

Theres the change in the price, and it hurts, 1500 dollars lost in a few days, people are nuts calling 100 billion gold like asset a bubble.

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June 14, 2018, 07:55:09 AM
 #14

Today Bitcoin fell from $7500 to $6,700 and the price has not changed in the past 24 hours. It is at $6750 all the time.

Did something go very wrong with Bitcoin ?? -12% fall in one hour and then no trading till now..
It is normal for a market to be quiet most especially in the phase of uncertainty. The bear market is still very strong, no one knows what is next, TA is not aligning with the position of the market and the only thing we can rely on simply now is price action at certain support and that alone is still something one would really need to be very careful with as well. However, we are still going to end up getting the best from the market once it recovers anyway which as far as I am concerned is expected.

No change in any market usually indicates the uncertainly among traders. It means everyone is waiting for the further trend. It takes place usually at strong support and resistance levels. Because breaking those levels may lead to continuation of current trend and reverse back will bring new trend. As of now, we all also must wait for confirmation of trend.


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June 14, 2018, 11:09:57 AM
 #15

If you had experience in late 2013 to early 2016, then you will not be so depressed.
Include the early 2018.

From $19,000 --> $15,000 --> $10,000 --> $6,000 so this $7,500 --> $6,700 is just a tickle.

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June 14, 2018, 11:41:03 AM
 #16

Today Bitcoin fell from $7500 to $6,700 and the price has not changed in the past 24 hours. It is at $6750 all the time.

Did something go very wrong with Bitcoin ?? -12% fall in one hour and then no trading till now..

Bitcoin surge drastically early last year. It is normal the price to be corrected slowly on its equilibrium price. Also there are lots of factor that made the price change. But do not worry with the loss since the crypto space is normally like this. It is not always green days, sometime you just need to be patience for the price to get up. We are nearing approaching to bull market. Usually a high downtrend will happen before it enter total bull market. It is quite common on the previous year.

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June 14, 2018, 11:41:30 AM
 #17

$19,000 --> $15,000 --> $10,000 --> $6,000 ----> $7,500 --> $6,700 ----> $3000   Grin
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June 14, 2018, 12:13:26 PM
 #18

now the bitcoin price has dropped to very low and seems to have a very slow coin movement and will be long to go up, but I still believe that bitcoin prices will soon recover and will have a high price again

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June 14, 2018, 02:27:16 PM
 #19

Nothing went wrong, crypto currency market is always have fluctuations in price and there is no fixed price for any of the coins. The way Bitcoin performing should be compared with last year and last year same time Bitcoin was trending around $2k, the price unexpectedly arose to $20k. Thus, there will be a sharp price rise in the coming days and Bitcoin will reach its highest price for sure.

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June 14, 2018, 02:51:04 PM
 #20

Nothing went wrong, crypto currency market is always have fluctuations in price and there is no fixed price for any of the coins. The way Bitcoin performing should be compared with last year and last year same time Bitcoin was trending around $2k, the price unexpectedly arose to $20k. Thus, there will be a sharp price rise in the coming days and Bitcoin will reach its highest price for sure.


No no no!
Last yearm when Bitcoin was around $2000, there was excitement in the market due to passing the former ATH. Furthermore we were in a bull market.
Now things are completely different! We are in a bear market since the beginning of the year, the sentiment is super bearish and instead of excitement the majortiy fears we could go lower. I can not see any sharp bounce coming in the next days or weeks. Maybe a rise to 7k, upwards correction, and then the down pressure maybe will continue. If no more down pressure should happen, we will go sideways, continue accumulating, with some miner up and down swings.
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