Bitcoin Price Continues Downward Momentum Toward $3,500
Even though there is no real reason for the Bitcoin price to go down right now, we see a lot of sell pressure. More specifically, the BTC price has dipped by another 5.39% overnight and is now effectively heading toward the $3,500 mark once again. This is not a positive sign, yet it remains to be seen how things will play out in the next few days.
The month of September 2017 is not all too positive for the Bitcoin price right now. More specifically, there have been a lot of dips over the past few weeks and it looks as if things will not improve whatsoever.
More specifically, the past 24 hours have resulted in a 5.39% value decline once again, pushing the Bitcoin price back down to $,676.97. Not a positive development by any means and it is certainly possible things will get even worse moving forward.
Russia is setting up a mining firm, so I heard. So hope for Bitcoin. But this drop was a long awaited drop. Some forecast I saw says we could see it plunging to 1500. Not sure if it would be there, but am sure going to keep buying bits as it drops.
I heard the same, really hoping this comes true, we really need a few more countries backing Bitcoin. Yeah crypto has seen huge price gains the last 12 months, increases that sharp are bound to take a considerable dip. Shouldn't be long before we carry on with the upward trend.
There are reasons for Bitcoin faltering. One is the China FUD. Second, there is Another fork coming in November and this begs the question, why? They should have fixed it right the first time. Third, there is the unanswered question of government control. In China, they are just seizing it. Will that happen in the US? Maybe Bitcoin is not cryptic enough, it can be traced and seized.
I agree about China it has caused some confusion and panic for the people living in China. I wouldn't be concerned about Bitcoin hardforks at all, there are over 1000 altcoins and a Bitcoin hardfork just means a new altcoin is created... nothing new there. People still need to learn not to keep crypto on exchanges, can't be seized if you keep your bitcoin in a paper wallet that hidden under your floorboards.