Bitcoin price LIVE:BTC in danger of dropping to $4,000 ...

[seje]

https://www.express.co.uk/finance/city/1002128/Bitcoin-price-latest-news-update-end-of-bitcoin

Bitcoin price LIVE: BTC in danger of dropping to $4,000 - Is this the end of bitcoin?

DAILY HEADLINES
Good afternoon and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.

A week of dreadful losses sees bitcoin prices tumble down close to $6,000 a coin, as investors struggle to rally.

Bitcoin fell another 4.31 percent to trade at $6,155.74, a loss of just under $1,000 in less than a week.

The rest of the market has suffered from bitcoin’s slump too, with Ethereum losing 11.74 percent on the day to trade at $318.76.

Ripple lost 11.11 percent to trade for $0.299337, while Litecoin fell 9.81 percent to sell for $56.61.

Bitcoin prices are stagnating as the Securities and Exchange Commission (SEC) debates the approval of an exchange-traded fund (ETF) for bitcoin.

Approval of the proposal could see BTC prices skyrocket, but continued uncertainty has seen investors lose confidence.

Analysts predict BTC could plummet as low as $4,000 if the issue isn't resolved, but is this the end of bitcoin?

6.26pm UPDATE: Bitcoin familiarity increases in USA
More than half a billion Americans say they are familiar with bitcoin Litecoin and Ethereum.

A new study published by the AICPA has revealed that more than 50 percent of all Americans are aware of cryptocurrencies, with 54 percent of respondents anticipating the crypto market to either remain stable or increase in value in the next year.

The survey also revealed that cryptocurrencies are set to constitute five percent of the total U.S. investment pool in the next year as retail investors enter the crypto market on a large scale.

4.57pm UPDATE: Volumes Surge on Turkey's Crypto Exchanges as Lira Tanks
Trading volume on Turkey's cryptocurrency exchanges surged Friday as the country's fiat currency plunged to record lows on economic jitters.

According to CoinMarketCap, volume at Turkish exchanges Paribu, Btcturk and Koinim jumped over the past 24 hours by more than 100 percent each. Absolute volumes are still relatively small at these exchanges, with Btcturk, the country's largest, handling $11.6 million in trades.

3pm UPDATE: Lawsuit against Ripple denied
On 10th August, a remand filed by plaintiff Ryan Coffey against defendants Ripple Labs, Inc. [Ripple], XRP II, LLC, an ancillary of Ripple, and Bradley Garlinghouse [CEO of Ripple] has been ruled over by the court.

Plaintiff initially filed the patent on May 3, 2018, accusing the aforementioned defendants after investing in XRP.

The lawsuit demanded remuneration for the plaintiff, awarding him for damages caused due to investing in XRP. It also demanded that XRP be subject to the California Corporations Code.

The lawsuit also alleged that Ripple Labs has “focused on how to create, maintain, and increase the value of XRP.” It also claimed that Ripple is not decentralized.

Bitcoin prices have slipped down further today

Bitcoin prices have slipped down further today (Image: CoinMarketCap)
13.50pm UPDATE: BTC hits a one-month low
This week's price fluctuations saw bitcoin prices plummet to a one-month low.

On some exchanges, like the Europe-based Bitstamp, Bitcoin even spent some time under the $6,000  price level, as the order books on that exchange might have been too shallow to handle this influx of sell-side volume.

12.30pm UPDATE: Bitcoin prices could drop to $4,000
A Bloomberg analyst has predicted bitcoin prices could slump to as low as $4,000 should the cryptocurrency market continue to stagnate.

Mike McGlone, a Bloomberg intelligence analyst said: "Bitcoin is in dump mode, following the pump run-up on the potential for a U.S. ETF.

"It may not subside until revisiting good support near $4,000 -- last year’s mean."

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[AAfunctionaluppityF]

Nah, I don't think so to be honest. BTC won't drop so much. I see a resistance at 5,800$ and I really doubt it will brake it.
Price will fluctuate between 5,800$ and 7,800$ for some weeks, just before the next bullrun

[Dudeperfect]

As of now, Bitcoin is trailing around $6,331 as per the Preev.com rate. I don't think that Bitcoin will fall below the price of $5K anytime soon. In fact, we are ignoring the investors who are willing to put more capital at a lower level. So even if the price falls dramatically, we won't see that level for a longer period of time as that price level would trigger the buy orders which are placed -10%, -20% levels. I am expecting the price to hit the all-time high level in this year itself.

[Pursuer]

one of the strongest signals that we usually have in the market that shows the end of the drop is publishing of these nonsense articles and topics all over this forum. so far in the past 4 years that I have been in the bitcoin market I have seen the exact same thing happen inside all of the dips at the bottom.

certain people get desperate wanting to buy bitcoin at even 1% lower than market price and start spreading nonsense like what OP is doing. and so far without an exception price has gone up afterwards because the same people are the same FOMO buyers that will happen as soon as price rises about 10%

[avtonomro]

one of the strongest signals that we usually have in the market that shows the end of the drop is publishing of these nonsense articles and topics all over this forum. so far in the past 4 years that I have been in the bitcoin market I have seen the exact same thing happen inside all of the dips at the bottom.

certain people get desperate wanting to buy bitcoin at even 1% lower than market price and start spreading nonsense like what OP is doing. and so far without an exception price has gone up afterwards because the same people are the same FOMO buyers that will happen as soon as price rises about 10%

Exactly... Every year we see this kind of articles here, again and again, spreading a lot of FUD around here. At the end of that moment, it never happens, never! "Bitcoin is a bubble", "The price is getting down", and so on... A lot of articles/posts about this, every time...

Just HODL and don't worry guys

[Kakmakr]

What a bunch of crap! If the Bitcoin price was $4000 before the SEC had to make their decision, then I would have said, yes... this might happen, because the confidence decline if this decision was unfavorable. The problem is, the price was between $7000 and $8000, long before this decision was on the table for discussion.

People are making things up as they go and this is very stupid. The market could not have been influenced by this, if nobody even known about this. This whole thing is just market manipulation. 

[talkbitcoin]

all i see here is that you are reporting a bunch of irrelevant data and then concluding that bitcoin is falling to $4000!
you might as well have said "today temperature dropped 3 degrees so bitcoin price should also fall because we have cooler days now"!

[Baofeng]

WTF is this article? Did the author really look at the current price before publishing this article? I bet. that the author doesn't know a single thing about how bitcoin price moves, and this is another clickbait article. This is just another FUD news and I have no idea why the editor allow such kind of garbage and rubbish article to be published in the first place.

[jemarleon]

all i see here is that you are reporting a bunch of irrelevant data and then concluding that bitcoin is falling to $4000!
you might as well have said "today temperature dropped 3 degrees so bitcoin price should also fall because we have cooler days now"!

I think the OP dont even bother to read the story and just copy pasted it, This kind of forum member is like a newbie that copy and paste some news in the internet and post it here then expect some merits in return.

Shame for a senior member's like this.

Im going to bet 0.00001 BTC that this user will dont even bother to read all of the replies to his post. 

[drmilind2004]

Seems like a misleading title. Only one analyst has made that claim, and he may as well be bonkers. Read the markets; if you can't, then first learn to read them. That's the only way you are going to understand the workings of the truth underlying their working. Else, you fall prey to any loose tongue you happen to meet on the road.

tl,dr; DYOR

[walemil]

I personally don't think this can happen. Bitcoin may never go below $5000 again. But of course if the price will even fall below the $4000 speculated in the writeup, it is still not an issue because those who will stay will still remain and definitely, the price will rise again no matter how low it goes.

[Flor1982]

https://www.express.co.uk/finance/city/1002128/Bitcoin-price-latest-news-update-end-of-bitcoin

Bitcoin price LIVE: BTC in danger of dropping to $4,000 - Is this the end of bitcoin?

If I wont believe that Bitcoin will reach as high as $50,000 by this year then i doubt it too that it will falls down to $4,000.This baseline is very impossible to happen in which if you will just check yearly performance of Bitcoin then you will see the rising price performance of every 4th Quarter of each year. So we are now starting to step for the 4th Q so i believed that the Bitcoin price will not going to drop anymore.

[Cj29]

Yeah its droping.. but i will still believe on it that someday it will pump.

[Jating]

I looked at the OP's previous post history and it looks like he/she is not creating FUD but just copy and pasting news article around. I guess he didn't checked the article itself and thinks its a good article to post here. hehehehe.

So I suggest that please refrain from posting such non-sense articles. It doesn't create a good impression on your account and you can see as one creating FUD in the forum. All I can say is that this article has no basis at all, and just like the rest of us, another speculators who's intention is to create panic and most probably will purchase bitcoin when the price drops to $4K.

[kram31]

I will stand onto this, BTC is strong at 6,000 and it will go higher.
below 5,500 is a 20% possible but less than 4k is just 5%.
therefore, 4000 is next to impossible for this year.

[Nisharawal]

Bitcoin price expected to reach $4000 i don't think so it is going to happen. I agree that there is some panicking trend is going on Bitcoin price chart and people are short selling or selling their invested money in bitcoins without even holding them for few days. I think it's just a short term correction occured due to delayed of ETF's and i think price will recover soon.

[Retty]

The simple truth is nobody truly knows what BTC can go to in the short term or the long term for that matter. I didn't think we would see some of the prices the better 'altcoins' are currently at but here we are!

Personally, i cant see it going to 4k and just think this is standard FUD from a pretty crappy newspaper.

If it does go that low then i can guarantee a lot of us here will be scooping up more 

[davis196]

The cryptocurrency price dump has nothing to do with the turkish lira.Why somebody is trying to connect them?
I don't see any danger for btc,even if the price drops under 4000 USD.It's just the whales,who are dumpring the prices,in order to buy cheap bitcoins before the winter bull run comes.

[Daniel91]

I don't believe such predictions.
I read many such articles in the past and most of such predictions was wrong
Don't trust them.
Yes, bitcoin price drop a lot recently but it will recover, as many times before.
I suggest you to check out btc history, specially period between 2012-2015.

[Kronos21]

The cryptocurrency price dump has nothing to do with the turkish lira.Why somebody is trying to connect them?
I don't see any danger for btc,even if the price drops under 4000 USD.It's just the whales,who are dumpring the prices,in order to buy cheap bitcoins before the winter bull run comes.

I think you're wrong. A few days ago, the volume of trading on all exchanges increased and this led to a decrease in prices. Whales don't work like that. Probably the problem of falling demand and prices for cryptocurrency is much deeper than the actions of speculators.