Current BTC price below 8K

[zazarb]

Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

[Cherylstar86]

Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

That signs of bitcoin being stable at around $6.55K will bring back the reputations being lost due to bearish market, and hopefully this signs could help every holders gain more efforts in holding their funds. Panic seller will be braver enough to prevent their weak hands over fearing out for many bad and negative speculative ideas. Fake news and FUD must be avoided, just ignore it and hope for the best for bitcoin in the next further weeks to go this October so we will be seeing bitcoin to rise at very profitable value.

[sevenjoy]

Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

Price is not stable and ups and downs continue for long time. Now the price is below $7000 and the market cap does not allow the price to go up more. When there is little bit increase in the price, more and more people will invest in bitcoin and the price will raise more. People should stay in this bearish situation and hold their coins for some more time. In the near future the price will definitely increase. 

[rickadone]

Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

one thing is that if bitcoin price decides to stall within this range for years, I really do not care and in fact, it would even be more interesting as there would be a lot of sanity in the market for a short while than the craziness that FOMO brings into the market when it comes to people getting too greedy and the transaction fees skyrocketing which I believe before we will start seeing any huge movement though, hopefully we would have gotten to see scaling issue somehow solved.

Being below $8k is still a very good price and even if it goes lower than $6k, it just gives a good buy in the more.

[okala]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

There were many sell up this year than last year and few are holding bitcoin compared to last year.  Bitcoin is going to get increases in price but when that will happen is not know.  The reject of ETF is really another factor that contributed to this falling.

[airdrophunter]

That's been the price of bitcoin almost the entire year now but looking back at the graph on how its market cap and price responded each year, it will always give you a reason to keep on believing that bitcoin will really rise again. Since we are already in the final quarter of the year, i believe that we can see a bullish market once again.

[mornabo]

Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

I think prices have stabilized at $6500 from a few weeks ago, not in this one week period but whatever that, prices have not experienced a deep falling in the past few weeks, which is bearish is over? I think so. and I hope that the slowly rise will occur in this end of the year

[sana54210]

Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

That signs of bitcoin being stable at around $6.55K will bring back the reputations being lost due to bearish market, and hopefully this signs could help every holders gain more efforts in holding their funds. Panic seller will be braver enough to prevent their weak hands over fearing out for many bad and negative speculative ideas. Fake news and FUD must be avoided, just ignore it and hope for the best for bitcoin in the next further weeks to go this October so we will be seeing bitcoin to rise at very profitable value.

Well, that is not surprising. It is normal to see things like this happening when the bears are really making an attempt and the bulls are also trying to make an attempt at the same time and in scenarios like this, it is just more like saying 'may the best man win!'...

It is not a bad sign at all and however the market breaks out, I guess it is something we will get to see in a short term but in the real sense, I would not want to be too centered on anything right now as the market can break out in any which way. For now, though, I guess we just have to wait to see how things will go.

[therwtonn]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

I think the market for this year is not good enough to rise the price of bitcoin to as high as $10k before the year end as those investors are selling their coins for short profits and no sign of good news that can ignite the market to a bullish.

Till now it has being a falling market in this year and we do expect some good movement to happen in this last quarter. If you consider last year as well it was almost same like this year and the rise happened was in last quarter. If we can see some 50% growth as well from the current levels we should see 10k easily in this year .

Well, welcome to 2018! The year of the bears. The bulls had their own swell time last year, so I guess we just have to allow bears to also have theirs and maybe next year, we experience some level of equilibrium which should bring about some long period of consolidation and may be by 2020 we can start seeing another huge growth. ETF does not have anything to do with all these, the market is in a downtrend corrective state after the last year greed and manipulations, and i guess people should live with that.

If we observe the whole year of 2018 we will find that it is overall not good for bitcoin and crypto for the whole. It is because the huge dip in the price in the start of this year. Now people afraid of losing their money, that why they do not take risk of crypto investment. Still thousands of people are looking for big bump in the price so that they would recover their deficits.

[StarofBTC]

A second ETF application was rejected further and the market reacted more to it than the first...

A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.

For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.

Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market.

But we can't real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is othe, and I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again.

    We really cant determine on when do declining desist. Somehow, it is a great oppurtunity to buy more bitcoin to have a great profit when the market will pumping up.

Yeah, we all know that maximum profit is only possible if you choose a high potent source or product so that you may get big profit from it. Let us suppose Bitcoin as it gives us the opportunity to invest in it using low money as compared to its average price so it most profitable and getting currently in its low market will make you able to get maximum profit in bull market.

The price has been under 8k for a long time now. I think its time people get used to the fact that we will be here for awhile and we will not see the price going up any time soon and the 8k price means nothing when it comes to bitcoin because it can go up as much as it can and still drop, there is no sudden price that if it goes over certain number it will stay there and/or the price will start go up suddenly.

Like it won't start a huge bull run if it reaches 8k than it will reach 10k and above with a huge bull run. That is not bitcoin anymore, when the price reaches to 8k, it is as likely to drop down to 6k as it was during the 7k run.

[jestbenen8]

Sadly, the price of Bitcoin has now fallen below $6300, which is a very bad phenomenon, which means that many people are starting to give up Bitcoin!

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

You are right; the price will now increase day by day. I know there are some corrections in the price but overall the price will go up. Today the price is about $6600 and may it down tomorrow to $6500 because yesterday it was about $6300. If the price reach to $8000 it will be quite good and people will revert to bitcoin and will put their money again in bitcoin.

[SwaVeR]

Several times bitcoin have fallen down to 5,000$ and it seems the bearish market is still hovering in the market. Bitcoin has now more than 6,000$ market value and it struggles to break the 7,000$. Once it will happen, then that means bitcoin is already in the uptrend projectile.

Bitcoin is really struggling to cross $7000 mark from past couple of months and these are signs of bearish market but we all know that bitcoin will eventually cross not only $7000 but also $8000 mark if the bullrun starts but there is a random feeling considering the current downtrend that there might not be a bullrun this year.

If the price reaches to $8k, I will earn big money because I have made good money in bounty campaigns and due to low bitcoin price my total earnings are not good, but if the price hit $8k, it will be very profitable for me. I will be happy with $8k and if the price rise more than $8k, I will earn more money just waiting little more. I think that the price will cross $8k till December this year.

[Rembedful]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

There were many sell up this year than last year and few are holding bitcoin compared to last year.  Bitcoin is going to get increases in price but when that will happen is not know.  The reject of ETF is really another factor that contributed to this falling.

We all know this, the current price is the same as that of price in March and April as we know that it shows us stability. Sometimes the price comes to 6k dollar and sometimes 6.5k dollar while few weeks ago it reached to 7k dollar so yes we can say that price is stable below 8k figure and took a long time to recover. However, it is not a permanent price which may follow increase trend nearly in future so we should make sure we have something in hands.

[MarchToke]

It's been already in that mark since the start of the bullish market. Until now, the price started to shrink where the hopes of a bull run has started to fade too. If Bitcoin will rise and break the 7,000$ mark this month, i expect that it will continue to grow since then before this year ends.

[STT]

Surprisingly, but lately Bitcoin price become stable around 6550$ and it's been almost a week now. That's why it's a good sign and the price will start after some time slowly rise.

Its broken out of a triangle down to support and then is rising from that support.  I'm told 6600 is a good target for that bounce but overall I wanted a break upwards not this reset and rewind which overall is not gaining anything overall.   Here is a chart showing that support line -

[Nick Abimanyu]

The market is really sensitive to these ETF news now, so the current price moves shouldn't be surprising. The media have convinced noobs that we'll have a new bull run this year fueled by ETF approval, so speculators are selling every time an ETF gets rejected. I'm going to trade with small amounts just for fun and to test my skills, so far I've sold a bit at $8,300 and planning to rebuy at below $7,000.

So, plan short-term profit trading could be safe option for now, isn't. With price now below $8k, many people should be ready to take buy position before price bounce back, ETH affect always being media consumption that makes market react fast.

you mean ETF not ETH!
and i don't know there is still a chance that by the deadline of this hyped up ETF we see a drop and up until that point we may see a lot of different things inclucing a big rise.
if you aren't already in then maybe it is best to wait because this is one of those times when market is mostly unpredictable.

LOL

We should not only depend on ETFs because we don't know exactly the intentions of the people behind them.

Right, waiting is better than selling. But by buying, it might be even better if combined with waiting, because this strategy is an absolute strategy which can increase the growth of bitcoin prices.

[wxa7115]

That's been the price of bitcoin almost the entire year now but looking back at the graph on how its market cap and price responded each year, it will always give you a reason to keep on believing that bitcoin will really rise again. Since we are already in the final quarter of the year, i believe that we can see a bullish market once again.

It seems a lot of people have the very same hope that the price of bitcoin is somehow going to recover at the end of this year, I'm not against it because that will mean that I will recover some of the money that I lost, but I find this to be very unlikely, I really think that is going to take years for recovery to happen and even if the price at the end of the year began to make some kind of recovery it is not going to last, because there are many people that are waiting for a small recovery to happen to begin selling their coins.

So even if a recovery were to happen it is going to be short lived and since I am invested in bitcoin for the long term I really do not care about those small corrections, I want to see a bull market and that is not going to happen at the end of this year.

[maarx]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

Reason is unknown and this is crypto's nature to have a fall and hike. I am sure this should be a last fall for this 4th Quarter. We have been seeing a constant growth in last few weeks. And let's look at the positive progress. The price does not go below certain price and this keeps Bitcoin holders more vibrant and confident. Do not worry about the fluctuation and we need it in crypto. Fluctuations are the object to its growth.

[arwin100]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

Reason is unknown and this is crypto's nature to have a fall and hike. I am sure this should be a last fall for this 4th Quarter.

The fuds came is been the reason on why the bitcoin, eth and other altcoins downfall and this current state is serious matter since the price keep declining eventhough we are in October of the month and looks like we cannot feel those 2017 bull run event at this moment. But hope there's a good factor that can ease all things so that the price would climb at $8k to neutralize the doubting minds.

[lingwistiko]

Bitcoin's price has stayed on that line for almost a year now and in fact, it threatens to go down to 5,000$ in the latest fluctuation of bitcoin and cryptocurrencies. As the year is already ending, it also gives me thrill thinking how bitcoin responds its struggles in the remaining months of 2018.