Bitcoin (BTC) down $200

[decentralvirtue]

Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.

Are you optimistic about the price of bitcoin ?

Do refer the links below

Source: https://cointelegraph.com/news/crypto-markets-drop-sharply-ethereum-loses-weeks-earlier-gains
            https://charts.bitcoin.com/bch/chart/price

[CryptoHaris]

I am very much interested as to what the price variation be after this month's SEC's ruling on the CBOE proposal.

These dips and gains would keep taking place and one cannot really say as to what the final result would be.

Gotta wait and watch!

[burky155]

Hello, the link that you have sent is about the Bitcoin cash, not for Bitcoin itselfs! When i read the topic i said "oh that news must be worst".. Thankfuly that was a mistake:) For my opinion the BTC never comes that low like 200, it is impossible. The World never let that happen to Bitcoin right now..

[Red-Apple]

true, the trend of bitcoin in the past 6 months is not what they like this trend is what they LOVE. because now they can buy a lot more bitcoin compared to before since now $6k is considered a huge bargain of bitcoin uderpriced for them to buy more of it.

it is the altcoins you should worry about since now everyone is abandoning them after seeing their true nature.

[decentralvirtue]

true, the trend of bitcoin in the past 6 months is not what they like this trend is what they LOVE. because now they can buy a lot more bitcoin compared to before since now $6k is considered a huge bargain of bitcoin uderpriced for them to buy more of it.

it is the altcoins you should worry about since now everyone is abandoning them after seeing their true nature.

The market cap of bitcoin which was once valued at $950 Bn way back in December 2017 has come down to  $200 Bn. Correct me if I'm wrong but don't you think this is not a very positive turn and this could ultimately lead to a failure ?

[jamesblue1]

I guess the value will remain constant at this rate, it may go lower or higher but not like last year as the trend is no longer that trendy. We should no longer hope for higher value instead hope for more opportunities for bitcoin users to have. Like application to real life. buying stuff to more companies and etc.

[project_delta]

Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.

Are you optimistic about the price of bitcoin ?

Do refer the links below

Source: https://cointelegraph.com/news/crypto-markets-drop-sharply-ethereum-loses-weeks-earlier-gains
            https://charts.bitcoin.com/bch/chart/price

The reason behind the fall in Bitcoin:
-Bitcoin has also faced continued regulation in last 6 months. 
-Many big companies CEO's has announced that they are not accepting bitcoins for now.
Lets hope for the best!

[dothebeats]

Trend or not, we've been in a similar situation yet the price remains stable and strong. It would be worrying if the price dropped to $5000 levels again but it seems that it wouldn't be going that route. It's just the same old volatility coming into play within the bitcoin markets that should not be overthought, given that it's occurring naturally and regularly. There are many countries that are on the process of recognizing cryptocurrencies as somewhat legal on their nations (India, for example, which has its case adjourned again) and I think that's more important than overthinking about regular price swings in the market.

[franky1]

btc dropping $200 is not news worthy.

the underlying bottomline consensus still stits at the 10 month of $5800
anything above that underlying value is just speculation area that can go up and down.

there is a 3 month underlying value consensus of $6200 but its still to early to mile stone $6200 as a hard support as its still being tested as we can see right now.

i do find it funny that as soon speculation pushes a price. people immediately consider it a mile stone price and not a temporary event that can still correct.

to many people get to emotional over the smallest down movements without thinking long term

think of the underlying value as a water line and anything above it as waves, tsunami's that come or go. and to expect to ride the waves up AND down. and never expect peaceful existance forever at the tip of a wave.

20 change is 3% which is small and common for regular movement in bitcoin. there is no point getting emotional or posting or media hounding data over something like 3%.

[oppasong]

I strongly agree with your opinion that over the past 6 months the price of bitcoin has been so unstable, this will continue to invite many investors who continue to invest in bitcoin because they will seek a lot of profit when bitcoin prices go down drastically, but I remain optimistic about the price of bitcoin back up again.

[dohh]

Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.

Are you optimistic about the price of bitcoin ?

Do refer the links below

Source: https://cointelegraph.com/news/crypto-markets-drop-sharply-ethereum-loses-weeks-earlier-gains
            https://charts.bitcoin.com/bch/chart/price

Depends on what You mean by being optimistic. If You had said, BTC will drop TO 200$, then yes, I would be optimistic.

[becak mesin]

Many benefit from the decline in bitcoin prices at this time because they will buy as much bitcoin as possible for future investments in the hope that bitcoin will rise in the future. And there are also those who are disadvantaged, namely the bitcoin holders who have long been waiting for the increase in the price of bitcoin. Everyone knows that in 2017 bitcoin has reached a fantastic price, and that investors are benefiting in 2017.

[Docnaster]

$200 is nothing in terms of its absolute value, a 5% drop in value is commonplace in the world of crypto, this is not something anybody should be concerned about. If it breaks the $6200 support however, that's when we can start worrying.

[Binugon]

Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.

Are you optimistic about the price of bitcoin ?

Do refer the links below

Source: https://cointelegraph.com/news/crypto-markets-drop-sharply-ethereum-loses-weeks-earlier-gains
            https://charts.bitcoin.com/bch/chart/price

Lately the price of Bitcoin has not experienced a very large increase or decrease like the previous year such as a big discount on a mall that was invaded by buyers, now that trend has disappeared which causes the price of bitcoin to be constant, as for changes but very little, we are waiting for a breakthrough positive for bitcoin so that prices bounce back

[alvipalangka]

It's become commonplace for the price of bitcoin or eth to go down. But that is our way to find a way to get a high value ... the next step is to buy low prices and sell high prices. ..recently the price of bitcoin and friends started not satisfying ...

[KXC247]

I am very much optimistic with the price of bitcoin. The value fell in value in the last six months and wiser investors are accumulating bitcoins now for the giant move. Am very much optimistic about the market

[tomahawk9]

A $200 drop isn't that big, that's around a 3%-4%, barely a significant amount that shouldn't even be discussed.

Are you optimistic about the price of bitcoin ?

I am. Even though we're in bear market, the Bitcoin price has remained stable and solid, we've had the usual increases and drops (normal fluctuation) but without ever breaking the support levels (around the 6200-6000 levels). We even tested the and 7k and 8k levels over the past few months yet the price doesn't go below 6k. This makes me think that we found a new floor and the only way the price will go from here is up, unless there's some massive manipulation in order the crash the prices below support levels.

[Malam90]

Yes, Bitcoin drops $200+ and Ethereum drops 11%+ last 24 hours. No investors will glad to see this price flactuation within few hours. Ethereum investors has seen huge loss in the last 30 days.

[Crypto Girl]

Bitcoin (BTC) down $200

Is this a click bait or you just didn't comprehend what your link was all about?

Crypto markets have seen a sharp decline today, September 18, with Bitcoin (BTC) down $200 and market cap dropping as low as $192 billion within a few hours. As of press time, 93 out of 100 top cryptocurrencies by market capitalization are in the red, while losses among the top 20 coins reach over 10 percent, according to CoinMarketCap.

Bitcoin falling in such amount is too way far from reality even we will be in a worse case scenario. Preferably, people are trusting bitcoin more than their partners and still seeing moon despite this intense ride. Only those who have balls will be enjoying their wine later on.

[drm]

A 200 dollar drop is nothing nowadays, just be patient and keep calm, maybe even take some advantage of the situation