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CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

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  #1  
Old 09-12-2017
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Default Will Bitcoins continue to decline?

Bitcoin's at around $3,900 right now.. hasn't been that low in over a month. With everything that's happening with China do you think it will continue to decline? Thanks!
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Old 09-12-2017
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Default Re: Will Bitcoins continue to decline?

My previous supervisor, who is a fund manger with return rate ranked at the top 10% among all the China hedge funds, said bitcoin will go to $5,000 at least.
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

I sure hope it continues to decline. The more it declines the more I can buy cheaply. Since there is no doubt Bitcoin will continue to increase over the long term, declines like this are load-up time.
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

I pray it goes down 50% so I can put all my monies so I can make some MAD MAD MONEY.
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

Back to $4,000 - which seems to be the new floor price.
The fact is it costs a certain amount to 'mine' a bitcoin these days (over $2500 if Im not mistaken?) that the price cant really drop beyond a certain point cause it wouldnt make sense for people to sell them.
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

Here's a reason why it may go down temporarily...

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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

What this so called expert is not mentioning is the obvious bias in what he is saying - the rise of Bitcoin and cryptocurrencies means the end of banks and cushy jobs like his.
he is also not mentioning his own daughter owns Bitcoins.
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

It may dip further but treat that as a time to buy... I am.
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

Always volatile, like to see it go down more for a good point to buy more. Just play the game
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

Buy the dips... Great opportunities to increase your BTC position as well as other cryptos that have been going down.

If you see the current BTC market cap ~ $135,839,452,048 and compare it to previous dips, it seems it can drop another 10B before it hits the previous bottom. My guess is we will see the price drop down to about $3600 at the lowest before it starts making its climb back up.

Personally picked up some more ARK, LTC and Monero

But who knows, don't listen to me!

Last edited by elmo; 09-13-2017 at 01:31 PM.
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Default Re: Will Bitcoins continue to decline?

everyone knows we are all having the same thoughts as everyone else that holds one bit coin it will not go below 3000$ because everyone will put every dollar they can into it because people have faith in the system this news only sways the nonbelievers and fair-weather investors everyone else will double down
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

Yes, China killing bitcoin [IMG]www.google.com[/IMG]
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Old 09-13-2017
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Default Re: Will Bitcoins continue to decline?

Thanks everyone.. it's at about $3,800 right now but I don't think it'll go much lower.
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Old 09-14-2017
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Default Re: Will Bitcoins continue to decline?

Come on BTC go down more damnit! looking to buy at $1500
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Old 09-14-2017
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Default Re: Will Bitcoins continue to decline?

3600 and dropping..

I'll load back up at 3100ish
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Old 09-14-2017
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Default Re: Will Bitcoins continue to decline?

https://www.reuters.com/article/us-c...-idUSKCN1BP1J8

Could be a bit rocky through the 30th...

The downturns always seem to be short lived though, who knows.
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Old 09-14-2017
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Default Re: Will Bitcoins continue to decline?

$3300 now..
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Old 09-16-2017
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Default Re: Will Bitcoins continue to decline?

Quote:
Originally Posted by natashaiera View Post
$3300 now..
Unless we have some other crazy news come out BTC should continue to hold its value and slowly move higher as well as the Alt Coins.
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Old 09-17-2017
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Default Re: Will Bitcoins continue to decline?

I said BTC will be over $100,000 in 20 years back in 2009 when it was pennies.

Now I am not sure because it was altered.
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Old 09-18-2017
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Default Re: Will Bitcoins continue to decline?

BTC starts rising again. Shows how resilient this currency actually is.
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Old 09-18-2017
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Default Re: Will Bitcoins continue to decline?

Quote:
Originally Posted by slokor View Post
Back to $4,000 - which seems to be the new floor price.
The fact is it costs a certain amount to 'mine' a bitcoin these days (over $2500 if Im not mistaken?) that the price cant really drop beyond a certain point cause it wouldnt make sense for people to sell them.
it costs around 1200$ atm for one btc as far as i know

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  #22  
Old 09-18-2017
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Default Re: Will Bitcoins continue to decline?

Quote:
Originally Posted by totehmoon View Post
it costs around 1200$ atm for one btc as far as i know
Your info is outdated
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