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Author Topic: Bitcoin slips below $8,000 as investors step away from risk  (Read 255 times)
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August 04, 2018, 05:42:57 PM
 #21

 Actually, the market span is a very common thing. Market price keeps bullying or going low. That particularly doesn't mean it has been that high or has fallen completely. The market can be stable even there is a rise and low in the price that depends on the market perspective and speculation. As per speculation, BTC market will see some lows but by the end, it will gain this year.
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August 04, 2018, 07:09:17 PM
 #22

Bitcoin has seen downs like this before too. I would rather refer to this as a correction and personally, I find nothing to fear as there are few hearings for ETF still lined up that will definitely influence the market positively.
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August 04, 2018, 07:31:38 PM
 #23

Its true current bitcoin price is below $8000. But personally i feel price will rise again and its price will reach $10000 at the end of this month. So don't panic for current situation.

There is always a chance for the price of bitcoins to grow back again at $20k dollars just like what happened last year and it will be depending on the investors in the market so keep on holding your coins today.
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August 04, 2018, 08:41:28 PM
 #24

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets.

Full article here https://tech-trending.com/bitcoin-slips-below-8000-as-investors-step-away-from-risk/

And just a couple of days later, it looks like Bitcoin may slip below $7000 as well. You are trying to read too much into the decline. Bitcoin definitely does not move in line with internet companies. If that was the case, Bitcoin's volatility would be a tenth of what it is now. There are many other factors driving Bitcoin's price.


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August 04, 2018, 08:59:10 PM
 #25

There is always a chance for the price of bitcoins to grow back again at $20k dollars just like what happened last year and it will be depending on the investors in the market so keep on holding your coins today.
We eventually will break the $20,000 mark but not any time soon. If you look closely at the market trend this year, we consistently have formed lower highs and lower lows, and this will continue till we bottomed for real.

It may very well be that the price hasn't gone up because of ETF speculation, but just because it was the next lower high movement of the longer term downtrend. It seems that the >2013 scenario gains ground with the month.

People need to forget about reaching new highs and start putting some fiat aside to buy lower. I know people don't like to read this, but 2018 isn't the year just like how 2014 wasn't the year after the late 2013 peak.

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August 04, 2018, 10:36:24 PM
 #26

Bitcoin value now are below 8000 dollars and after 1 weeks experiencing 8k dollars above they already down again.
But better if you if the investor will invest again to the bitcoin because this month it will become 10k dollars more.

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August 04, 2018, 11:54:43 PM
 #27

There is always a chance for the price of bitcoins to grow back again at $20k dollars just like what happened last year and it will be depending on the investors in the market so keep on holding your coins today.
Yes, but not for today.

People need to forget about reaching new highs and start putting some fiat aside to buy lower. I know people don't like to read this, but 2018 isn't the year just like how 2014 wasn't the year after the late 2013 peak.
Correct, we shouldn't take a look at that possibility for now. We'll be there for sure, many are looking for that chance that it will break $20,000 soon.
But instead of waiting for that moment, we have to take some action like buying in not with alts but with fiat.

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August 05, 2018, 07:55:22 AM
 #28

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets.

Full article here https://tech-trending.com/bitcoin-slips-below-8000-as-investors-step-away-from-risk/
My opinion regarding the withdrawal of shares by investors is common in the world of investment and understandable, but what must be considered is why investors have moved to the cause, whether it is true because of the issue or indeed they move shares to other more profitable fields, my opinion will remain waiting for crypto to get recognition by the government in the countries of the world, hopefully useful and successful for all of us
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August 05, 2018, 08:29:28 AM
 #29

Bitcoin value now are below 8000 dollars and after 1 weeks experiencing 8k dollars above they already down again.
But better if you if the investor will invest again to the bitcoin because this month it will become 10k dollars more.
Right now trading below $7000 levels, I am afraid of seeing again $6000 levels. I read yesterday, some newyork exchange is to list one day settling bitcoin derivatives. But, they will start from this November. I guess after ETF failed to get approved, this listing may restore faith among investors.

My opinion regarding the withdrawal of shares by investors is common in the world of investment and understandable, but what must be considered is why investors have moved to the cause, whether it is true because of the issue or indeed they move shares to other more profitable fields, my opinion will remain waiting for crypto to get recognition by the government in the countries of the world, hopefully useful and successful for all of us
Honestly this is not really a bitcoin issue. For now the tech startups and the investments made by the venture capitalist and bubble of new silicon valley companies are going like how the ICO thing worked for us. Every venture capitalist in silicon valley throws money at tech startups hoping they will be the next big unicorn however it is not that easy to reach those levels.

As soon as some of the venture capitalists get nothing in return and lose money from the horrible understanding of how tech startups works they will stop investing into those kind of tech people and start investing into more established companies to actually get a better return because known is always better. The risk is getting higher and rewards are getting scarce.
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August 05, 2018, 08:53:12 AM
 #30

Notging to be concerned about seeing bitcoin fall below $8,000. I still think we saw the bottom at $5,777 & in the next few months we’ll push towards $10,000 again. Next bull run will start in 2019-2020 so if you’re looking to buy then now is still a good time.

Cheap coins.

I fully support your opinion. The bitcoin price history teaches us to be patient and to wait for the next bull cycle after the price stabilization/correction.

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August 05, 2018, 09:47:20 AM
 #31

Investors stepping away from risk? That's a first Wink

We eventually will break the $20,000 mark but not any time soon. If you look closely at the market trend this year, we consistently have formed lower highs and lower lows, and this will continue till we bottomed for real.

It may very well be that the price hasn't gone up because of ETF speculation, but just because it was the next lower high movement of the longer term downtrend. It seems that the >2013 scenario gains ground with the month.

People need to forget about reaching new highs and start putting some fiat aside to buy lower. I know people don't like to read this, but 2018 isn't the year just like how 2014 wasn't the year after the late 2013 peak.

Yup. People keep pointing to the double/triple etc. bottoms, but let's face it. Bitcoin's been trying really hard to find the "right price" to stabilise at. Every time it reaches that, it realises it's not the right price, thanks to profit takers and "investors stepping away from risk". And so it declines again before a new search. This is a long process, and could take just as long as it did in 2014 as you said, or even the sideways year of 2016. We've hardly been 6 months in this phase, should really start accepting that we'll have to be a lot more patient now.

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August 05, 2018, 10:33:06 AM
 #32

The trading area around $7000 - 8000 is better than it was 2 months ago, and i'm sure in 2 months time we will have a higher trading ground than now. The psychological mark of 10k is just around the corner, i'm sure we will see it soon.
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August 05, 2018, 12:06:19 PM
 #33

The trading area around $7000 - 8000 is better than it was 2 months ago, and i'm sure in 2 months time we will have a higher trading ground than now. The psychological mark of 10k is just around the corner, i'm sure we will see it soon.

Yes, even though it's a downtrend, when it started at 20k, the movements were huge (20k-6k) then (6k-12k) then (12k - 6k) then (6k to 10k) and now up to 8200 so the range gets lower and lower from 14k to only 2500$ range, clearly the downtrend has to end soon unless significant news push the market down further.

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August 05, 2018, 01:08:51 PM
 #34

I think rejection of Etf as well as negative rumors about bitcoin are the main reasons of such stepped back by the investors. But the price will again go up as many analysts have forecasted such increase in the price.
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August 05, 2018, 01:13:15 PM
 #35

They step away from risk and go to other risky assets.

Well, I dont know what to say...
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August 05, 2018, 02:06:30 PM
 #36

I think rejection of Etf as well as negative rumors about bitcoin are the main reasons of such stepped back by the investors. But the price will again go up as many analysts have forecasted such increase in the price.
Same as before, Bitcoin will find own way to recovery its price. Sadly, rejection of ETH was being affected to market as negative trend, reconsiders to reapply ETH maybe not good solution, but i think in these time, some investors got panic too soon regarding the news situation.

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August 05, 2018, 03:23:08 PM
 #37

ETF is denied the market down. This is a prediction from ETF before it is difficult to get approval from the SEC. Same as 2017. After being rejected and prices going down. Bitcoin has had an amazing growth of 19k usd. Hope after this downturn. Bitcoin will repeat that process again. To make investors feel secure with bitcoin and crypto



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August 05, 2018, 03:46:13 PM
 #38

This recent dip down to below 7000 is unforeseen, i mean everything is positive at the moment and still such a dip is surprising for most of us, the only cause of this dip may be the technical pattern as we can see in all time chart the btc is making invesrted head and shoulders which is now completed after this dip and now we can expect btc to be extremely bullish from here.

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August 05, 2018, 05:55:41 PM
 #39

EFT is denied the market down. This is a prediction from EFT before it is difficult to get approval from the SEC. Same as 2017. After being rejected and prices going down. Bitcoin has had an amazing growth of 19k usd. Hope after this downturn. Bitcoin will repeat that process again. To make investors feel secure with bitcoin and crypto

ETF's aren't ''denied''. More ETFs are to be reviewed by the SEC, people who actually research already knew that ETF's wouldn't happen this soon. The ETF Fud was what pushed the market in the first place so even though we are at 7k, it actually helped with the small bounce.

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August 05, 2018, 06:51:56 PM
 #40

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets.

Full article here https://tech-trending.com/bitcoin-slips-below-8000-as-investors-step-away-from-risk/
If that is what happens then we should expect recovering from the market very soon.  Those that are selling now Will soon buying back at cheap price in a nearby future.  Investing into cryptocurrencies is a very risky investments and fluctuations in pricing is what build investors, investments' decision.

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