Bitcoin Drops Below $6,500

[dmamigo]

Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.

BTC highly bearish, Tony Vays’ target $4,975 but…

The world’s largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.

Continue reading: https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/

I think the reason for the decline in bitcoin is because many of them panic and sell the bitcoin they have, and I think the bitcoin will go down further. And I think bitcoin will take a long time to increase again, we must have full patience for this situation.

The drop is very much possible, people mostly nowadays sells their part whenever any negative news whether its really bad or just rumoured. This action is helping the sharks and whales, whatever they are to make more money helping to dip more and then takes suitabke advantages.

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[luckybtccasino.com]

LMAo this is more than irrelevant, i think that no one is interested in having a high bitcoin price if the entire market is inflated as fuck.

[Casmania]

Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.

BTC highly bearish, Tony Vays’ target $4,975 but…

The world’s largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.

Continue reading: https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/

I think the reason for the decline in bitcoin is because many of them panic and sell the bitcoin they have, and I think the bitcoin will go down further. And I think bitcoin will take a long time to increase again, we must have full patience for this situation.

Maybe there's a panic happening with the current situation right now, but as I've checked the price lately it went up to $6700 and showing good signs to pump. I would be grateful if this will be having progressive increase, for us to have profitable value with our holdings to grow further.

[Harrow30]

Like the saying that whatever goes up must come down. A lot of people coming into the markets and  also bringing in a lot of oppositions with it. I see a bounce back already happening which implies from what already said that bitcoin has done its lowest for the year.

[laravuemaster]

Bitcoin dropping to 6500 and below is going to reduce the hope that holder of it has in it of rising back to 20000 price it traded last december. It seems altcoins and ICOs are good investment now since bitcoins is failing to meet the expectations of investors.

well, this is a very difficult thing. but, I also predicted that something like this would happen. we know that after long bitcoin stability, there will be a pump, or a large dump that happens. so, now we can only wait for the price to go back up.

I see it the same way, though for other people, it would depend if they could wait for the long term or not. It could take probably weeks or even months before that upward surge happens and a lot can happen between now and then. It could even go way below it's current value, who knows.

The point is that even if it goes as low as 4-5k it will eventually come back to 10k and above. Crypto market can't crash with all of this fiat pouring in.

The market is volatile so its normal for the prices today to change drastically and every trader in the market are using the volatility in order to earn more profit in the future, that's how the system in the market works and you will only lose investments if you are not patient enough to wait for the prices to increase.

[lablab03]

the decline of bitcoin is not something to worry about because it's a great time to invest our money to buy bitcoin and sell it when the price goes back up

yes that's right , and indeed it is a big opportunity for us  to bid in low price , so instead of worrying grab this opportunity to gain more profits when bitcoin bounce back to the high value again.  'cause actually that is the purpose of fluctuation of market which is a " chance " for those who missed to buy at dip and always repent when bitcoin goes up to ath. .So must buy now while it's not too late. 

[wuvdoll]

Bitcoin dropping to 6500 and below is going to reduce the hope that holder of it has in it of rising back to 20000 price it traded last december. It seems altcoins and ICOs are good investment now since bitcoins is failing to meet the expectations of investors.

well, this is a very difficult thing. but, I also predicted that something like this would happen. we know that after long bitcoin stability, there will be a pump, or a large dump that happens. so, now we can only wait for the price to go back up.

I see it the same way, though for other people, it would depend if they could wait for the long term or not. It could take probably weeks or even months before that upward surge happens and a lot can happen between now and then. It could even go way below it's current value, who knows.

The point is that even if it goes as low as 4-5k it will eventually come back to 10k and above. Crypto market can't crash with all of this fiat pouring in.

Well, that is a very good point, but how long before it does that is what we really cannot tell anyway. However, you have said it! Crypto market cannot just keep crashing way down as there would always be time for the market to recover in the long run, but that would still take some time but I do not see any reason why any holder should be losing hope at this stage but looking for reasons to buy even more so as to be able to get the best from the long term value.

[ajochems]

Now the movement of bitcoin in positive manner.Now the price crossed 6700$.So this will be the best time to hold.If the price increases ,you have to hold instead of selling.Check till it reach huge and then sell it.Not only the price movement of bitcoin is increasing,also the raise is impact on trusted coins like Ethereum,Bitcoin cash,Litecoin.

[Mezze]

The point is that even if it goes as low as 4-5k it will eventually come back to 10k and above. Crypto market can't crash with all of this fiat pouring in.

Well, that is a very good point, but how long before it does that is what we really cannot tell anyway. However, you have said it! Crypto market cannot just keep crashing way down as there would always be time for the market to recover in the long run, but that would still take some time but I do not see any reason why any holder should be losing hope at this stage but looking for reasons to buy even more so as to be able to get the best from the long term value.

Thank you for agreeing with me and confirming that I'm thinking in the right direction.
As for the holders I don't think that they're losing hope. Maybe they're disappointing and annoyed but all the people I know are still holding their BTC even with the prices going down. Actually all of us buy more because it's a very smart thing to do in the long run. I hope I'm not wrong and that predictions about BTC reaching $20-30k by the end of the year come true.

[Eleven86]

Now the market starts to move in a good direction, so if you have bitcoin just hold it for some time instead of selling. The price of bitcoin starts to increase slightly hope it will continue in near future. Now itself it crossed $6,500, so dont get panic and sell. All are expect by the end of this year it will reach 20k and prove this year also the year of bitcoin like last year. So with hope and patience just hold the bitcoin.

[Eternu]

Now the market starts to move in a good direction, so if you have bitcoin just hold it for some time instead of selling. The price of bitcoin starts to increase slightly hope it will continue in near future. Now itself it crossed $6,500, so dont get panic and sell. All are expect by the end of this year it will reach 20k and prove this year also the year of bitcoin like last year. So with hope and patience just hold the bitcoin.

What I see here is pure optimism, and hoping for best outcome. Yes price of bitcoin has start rising again, but there is no guarantee that it will continue to do so. It could start going down again you know.
There are some insane predictions about bitcoin's price at the end of this year, but I think we should be happy if it reach stable price of $13k.
But I agree that for some people holding is best option. For some there isn't any other option, but to hold and hope for the best.

[Question123]

Yesterday  the price is $6600 dollars and today. Last week ago the price is near at 8k dollars but they decrease again and now that's the price there's a lot of reason why the bitcoin price decreasing. But if you buy bitcoin now and most of us we will punp bitcoin price and the people who leave bitcoin can back again to invest and the price will bloom and we get more money.

[francedeni]

When bitcoin drops I do not intend to sell all my btc, instead I hold it for now. I think in any months time come price of btc will have it's movement to increase. In case it will go down further I think btc will going up again.

[Kurokyy]

When bitcoin drops I do not intend to sell all my btc, instead I hold it for now. I think in any months time come price of btc will have it's movement to increase. In case it will go down further I think btc will going up again.

Holding is the right thing to do for now because the price will soon just go back to normal when the consumers will be starting to invest again since volatility is the reason why cryptocurrency is very profitable today.

[bitgolden]

Bitcoin dropping to 6500 and below is going to reduce the hope that holder of it has in it of rising back to 20000 price it traded last december. It seems altcoins and ICOs are good investment now since bitcoins is failing to meet the expectations of investors.

well, this is a very difficult thing. but, I also predicted that something like this would happen. we know that after long bitcoin stability, there will be a pump, or a large dump that happens. so, now we can only wait for the price to go back up.

I see it the same way, though for other people, it would depend if they could wait for the long term or not. It could take probably weeks or even months before that upward surge happens and a lot can happen between now and then. It could even go way below it's current value, who knows.

Waiting for the long term is simply what anyone should easily do which I believe at least for those waiting for the long term, buying the lows of the market is usually the best thing to do.

The market for sure looks like it is really going to be testing some pretty low point and it is hard to tell at which point it will end up bouncing back for recovery, but from what we are seeing so far and the possibilities of hitting low, $4800 region sounds possible.

[bitcad4u]

Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.

BTC highly bearish, Tony Vays’ target $4,975 but…

The world’s largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.

Continue reading: https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/

I had some words for you friend.Bitcoin is decentralized currency,so no one will control the bitcoin price.You no need to worry for this,it's minor fluctuation.The whales can hold the price for a moment.But they can't control for longer period.This is the unique features of bitcoin over other Crypto.

[Eternu]

The market for sure looks like it is really going to be testing some pretty low point and it is hard to tell at which point it will end up bouncing back for recovery, but from what we are seeing so far and the possibilities of hitting low, $4800 region sounds possible.

No one can say for sure which way and how much bitcoin's price can go. But nah, I doubt it will go as low as $4800, that would be too low if you ask me (but still not impossible). If bitcoin's price dropped to $5500, people would buy as much as they could, which would boost price beck up.
I think that it will stay in price range of $6000-7500 for one more month at least, and only after I expect slow rising in its price. So yes, holding now is maybe best option for all, and also buying more coins 

[LexLuther]

I've set up a ladder to scale in as the price drops over the next coming weeks for BTC and ETH at various prices on the way down.

[JohnWick_Bitcoin]

Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.

BTC highly bearish, Tony Vays’ target $4,975 but…

The world’s largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.

Continue reading: https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/

In my own opinion, its fine if bitcoins will keep on dropping its price because in this way you can always invest for a cheaper price in order to earn more profit in the future when the market values start to pump up again.

[traderethereum]

Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.

BTC highly bearish, Tony Vays’ target $4,975 but…

The world’s largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.

Continue reading: https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/

In my own opinion, its fine if bitcoins will keep on dropping its price because in this way you can always invest for a cheaper price in order to earn more profit in the future when the market values start to pump up again.

but now bitcoin price is down too deep and I think many people are shocked to see the price. they don't believe that bitcoin price is reaching $6141 but this is the reality that is happening in the market. maybe in a few days later, the price will get up and will start to pump again like you said and in that time, I am sure that all of us will be happy to see the new highest price. so lets we wait for the price and hold our bitcoin until the price can increase higher.