Current BTC price below 8K

[STT]

It will remain below $8k because there are no more high investments and when there are low demands from the people all over the world the price will never go up. It needs more and more investment then the price will go up. Therefore we all need to promote bitcoin in our local communities and also on different media platforms to increase the value of it instead of just asking questions.

The largest investments are not the most important thing for Bitcoin.     BIT by its nature implies we are dealing with sections of a COIN, this is the smallest business not the largest.   To do well this network needs to develop its smallest customers transactions and so accumulate many within its population.

A big bank will switch to whatever market pays its fees, they dont have as much loyalty as ordinary people who will keep on with something useful and simple for them to utilise


The price made a series of higher low prices since that graph I posted, its possible it can break past the 6500 objective and even goto the 200 day moving average

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[Inkdatar]

Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.

Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.

Yes their is no demand these days as the price has no development for the previous months. The price was unstable so I think their is the season for the recovery of bitcoin. This is good to think that we are many users still believes on the bitcoin price to increase.

[ELOCIN]

Not really a big concern for me whether bitcoin's price goes below 8,000$ as long as my belief is still positive regarding the coming bull run, then that's all that it matters. Bitcoin not moving so well this time can make a sudden push and break the 7,000$ resistance which will be a sign of a bull run.

[wxa7115]

Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.

Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.

And there are several reasons for this, the demand is very low mostly because of the recent crash in the price of bitcoin, people have a tendency to remember what happened in the recent months and the crash made a lasting impression in many investors and as such they are afraid to invest in the market, something that in my opinion is understandable, that is why I think we are going to need years for the market to recover so people forget about the crash.

Also we need people to forget somewhat about the recent all time high, everyone is holding their coins because they are expecting the all time high to present itself again or to be surpassed and this is decreasing the circulation of bitcoin which is not something good for a currency.

[maarx]

Reason behind current situation is unknown and this is the way crypto functions. It’s the nature of crypto currencies. I am sure this should be a final fall of this year. We have been seeing a constant steady growth in past weeks. And lets look at this positive progress. The price does not go below certain threshold and it this trend keeps Bitcoin holders more vibrant and confident. Lets just relax and wait for a growth down the line. Fluctuations are normal with crypto and lets not worry too much on it.

[usekevin]

Yes .The price of bitcoin is reduced a lot in a couple of days.Now the price of bitcoin is reduced below 7000$.If you brought at 8000$,just hold your bitcoin till it reaches greater than that value.Bitcoin holder should be a brave person to face the all the dump in bitcoin price.

[fordsons]

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

BEcause many of people around crypo community are relying on that ETF thats why when denial happens,market shakes alot

Why not concentrate in the market value and not for this ETF that’s impossible to happen,theres no assurance and may not happen forever

People do that because they want the price of bitcoin to go up as fast as possible, but to me that is a mistake I prefer that the price of bitcoin goes up because there is a new breakthrough in the technology instead of going up because there is a new law that regulates the market and people see this is a good thing, some may think that growth is growth no matter how we got it but the problem with that kind of growth is that countries could always reverse that decision and then the market will crash.

But if the price happens to go up because there is a breakthrough and bitcoin is improved then that growth is never going to disappear and it will never be reversed by any decision of the governments around the world.

All possibilities should be considered right now, because as bitcoin built its momentum while administered a much better community we tend to become more mature enough to analyzed a good price to show up. Never give up while the price played around $6.4K and someday you might be shocked we will surpass every challenges which we didn't expect to happen. So far the market remained neutral, minimal fluctuations stayed fair as for my observations.

Yeah you are right; we should give attention to the crypto market and not ETF. If ETF is rejected again and again we should leave and forget about it. It is enough to invest in bitcoin and become a part of bitcoin success in the future. We should focus on the aim which is prevailing bitcoin in the world and using it as our regular currency even in our local markets.

[Jating]

Yes .The price of bitcoin is reduced a lot in a couple of days.Now the price of bitcoin is reduced below 7000$.If you brought at 8000$,just hold your bitcoin till it reaches greater than that value.Bitcoin holder should be a brave person to face the all the dump in bitcoin price.

The price seems to be stabalizes along the $6k mark in the last couple of months isn't it? So I don't think that we have seen in reduced or something to that effect. As for the holders, well they're going to a lot of emotional turmoil but as we have said, the strong hands really won at the end so there's no need for holders to panic and simply dump their stash and take a lost.

Holders most likely are not affected by the news though, they're very intelligent and they know that the market will bounce back in the next couple of years. So holders are not just brave but very smart as well.

[Bonsaiav]

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

Maybe so, this's evident from the number of user responses to ETFs which are increasing in number and rising being 10 times than before. And, this allows bitcoin users to choose silence without doing anything and waiting for the SEC's positive decision on the ETF.

[Arsedunn]

Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.

Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.

For me ETF is nothing and thinking about it is waste of time. It is much better to focus on bitcoin market. In these days the market is not too good and investors think 100 times before making their investment, because if the price remains the same for more several months. Investors would disappoint more and this disappointment will take bitcoin to elimination from the market.

[wxa7115]

The price seems to be stabalizes along the $6k mark in the last couple of months isn't it? So I don't think that we have seen in reduced or something to that effect. As for the holders, well they're going to a lot of emotional turmoil but as we have said, the strong hands really won at the end so there's no need for holders to panic and simply dump their stash and take a lost.

Holders most likely are not affected by the news though, they're very intelligent and they know that the market will bounce back in the next couple of years. So holders are not just brave but very smart as well.

Long term holders of bitcoin require a set of characteristics that makes them unique in my opinion, who is able to hold an asset that crashes about 70% from its highest price and do it without any worry at all? Only those that are completely convinced about the future of the technology and care about its development, everyone else that sold their coins in panic and lost so much money were here only for the money or were not really convinced about the future of bitcoin.

So not only you require to be very smart to not be affected negatively by the news you also need to have a very strong will to resist holding your coins for so long without having adverse effects to your health.

[Willarrmay]

Even if bitcoin's market price is below 8,000$ for a couple of months now, at least, it stayed in the 6,000$ mark. But once it will break the 7,000$ mark anytime soon, then it is also possible that it will continue to rise and break some high price marks. I was even surprised today that bitcoin almost hits 7,000$ in just several hours.

Price depends upon demand and investment capital. If more and more people invest their money in bitcoin the price will go up otherwise it will definitely fall. In these days the market is red because of no demand for bitcoin or very demand. It is not enough for growth in the price. But I am sure gradually people will be back to bitcoin and the price will rise again.

For me ETF is nothing and thinking about it is waste of time. It is much better to focus on bitcoin market. In these days the market is not too good and investors think 100 times before making their investment, because if the price remains the same for more several months. Investors would disappoint more and this disappointment will take bitcoin to elimination from the market.

I also think that such kind of events and news are just wasting the time and are affecting bitcoin badly, I think that we should try to avoid such kind of news and should try to focus on bitcoin market that is very true. I think we need to give strong support to bitcoin so as that its price may increase.

[ridertiger]

I cannot believe when I wrote this it was below 8K and we were sad it had low value. Now it is back up to 3400 and we are happy.