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Could Bitcoin price drop anytime soon

  • Thread starter Thread starter conaljom
  • Start date Start date
That's the thing with bitcoin and all cryptocurrency. One day it could be high, and the next it could be low. There's no garauntee your investments will stay up there, as they could always fall down in price. That's the problem with bitcoin and all cryptocurrencies.
 
One thing people need to understand is that cryptocurrencies in general are very volatile. Just about last week's the price of Bitcoin dropped to me 48k dollars and today it is over 56k dollars. So bitcoin can still drop or even rise.
 
Looking at the bit coin chart at rye moment it is not good at all hut I do not think that it can move away any further. So you should just buy at this time.
 
If you have been following the trends on the Bitcoin, you would have observed that it is just starting to trend down lately, but not yet at the level it was when you made this Post
 
The bitcoin world have been unusual for so many people in the recent weeks , at the current price, I would expect it to dip more by up to ten percent before shooting.
 
I have seen it all. I have seen Bitcoin when it was selling under $100 and also the time when the price was $66K plus. Fortunately, I sold all I had accumulated over the years for the first time in April this year. I am sure it will pick up again and will go past $67K as Bitcoin always go past its ATH.
 
Looking at the charts now, It seems the market will consolidate for some more time. Whenver BTC is trying to break through 40k levels, the sellers become active and push the price again back to 35k levels. Better to avoid fresh investments untill 40k is decisively broken.
 
Bitcoins currently suffers a serious bearish run for the past months after rising tremendously in the beginning of this year. No one would have thought it will dropped fromm $64,000 to it current market price of $35,000.
 
In April when bitcoin was $64K no one predicted that bitcoin will go down to $35K (current price), people were speculating that bitcoin will now become $100k
 
The thing about bitcoin and all this tradable assets is the they are very volatile and as such you should take care trading them but the price of bitcoin should rise.
 
I don't support that Bitcoin should drop anytime from now because a lot of people have invested their capital in it. We pray it should increase.
 
Anything can happen in cryptocurrency because cryptocurrency as a whole is extremely volatile, the price of all cryptocurrency can suddenly start dropping because it depends on the law of supplies and demands.
 
At 18000 dollars the price of bitcoins then increases to 25000 dollars before there was a little retest, the price of bitcoins then was fastest s growing, but now everything in cryptocurrencies as drop so so much.
 
MizzLala said:
Part of the reason cryptocurrencies make me jittery is the fact that they are known to be very unstable. I guess that's the chance you take when you decide to invest in them, very much like forex trading.
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The thing is that from what I have gathered so far is that the price of Bitcoin will definitely keep on going down because of several things that have been going on in the cryptocurrency world and one of them is that the Indian and the Chinese government are cracking down on Bitcoin and so it will keep on affecting the cryptocurrency for a very long time to come.
 
Bitcoins in generally is a volatile cryptocurrency and you should always expect a constant going up and coming down, as a crypto trader you shouldn't be surprised or panic when you see the price of cryptocurrency coming down.
 
Defaith said:
People are just getting cool money on bitcoin has the rate is getting higher... How which I have invest in bitcoin I would have be part of people that are now enjoying the money... When it comes down I will try and invest may be later when it rise I will benefit the rate
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I don't think bitcoin price will drop anytime soon because since last week it has been appreciating and has grown form 32, 000 dollars to 33,000 dollars
 
When this thread was created bitcoin was $18000, now the price is $32,000. Bur back in may the price of 1 bitcoin was $64000. In the past two months the price has halved,
 
conaljom said:
It's now a reality that Bitcoin price has skyrocketed over $18,000. The big question is could we see BTC halving anytime soon?
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Bitcoin price could drop at any point technically and if all whales decide to cash in on their profits this will be the case, however i personally do not believe that this will ever happen, in the near future at least.
 
After suffering a massive bearish run for sometime, there are predictions that the price of bitcoins will likely go up in the coming month of August.
 
Defaith said:
People are just getting cool money on bitcoin has the rate is getting higher... How which I have invest in bitcoin I would have be part of people that are now enjoying the money... When it comes down I will try and invest may be later when it rise I will benefit the rate
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Bitcoin prices dropping every day and it is not even appreciating we don't know maybe it might draw or it might rise implication is very very real.
 
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