[Bitcoin $500 price correction] How low can it go?

in #bitcoin • 7 years ago

On 15 August the Bitcoin price fell from about $4300 to about $3900. This morning, 16 August, it is back to about R4050, but can it go lower today, or in the next week or so?

See the Coindesk one week chart below.

Image Source: https://www.coindesk.com/price/

I am looking to buy more Bitcoin, but wondering it I should wait.

Is Bitcoin going up or down from here? Please comment below what you think. And it you have a trigger, let me know too.

Thank you for your comments.

Please give us an Upvote if you think this info was helpful. It will help my online business a lot and I hope to return the favour in the near future.

Thank you. :)

PS. Hot tip 1, Remember don't upvote this post if older than 7 days, you are wasting your voting power!
PPS. Hot tip 2, when buying upvotes, do it on day 6, but 12 hours before 7 days run out.

Thank you for your support.

Regards

Colin Brazendale

Email: [email protected]
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#bitcoincash #cryptocurrency #money #price
7 years ago in #bitcoin by
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     7 years ago 

    I think that bitcoin price might go back and test the 3200$ level but it will be a spike down that will last for a short while and then it will continue up

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    [-]
     7 years ago 

    Wonder if bitcoin ever drops in value

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    [-]
     7 years ago 

    I also hope it will go down to be able to buy some, but expect it to rise to the MOON!

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    [-]
     7 years ago 

    This post has been ranked within the top 50 most undervalued posts in the first half of Aug 16. We estimate that this post is undervalued by $24.89 as compared to a scenario in which every voter had an equal say.

    See the full rankings and details in The Daily Tribune: Aug 16 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

    If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

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      [-]
       7 years ago 

      Bitcoin and cryptocurrencies scare me.

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