Well I see that in the last week there is a smaller number of BTU nodes. And that Bitmain want to force the 51% hashrate to fork-and kill the real- bitcoin.
So every day there is more BTU hashrate, and at the same time, less community support for Rogercoin.
And THIS is what causes the price crash. You probably will have a BTC that doesn't work anymore and a buggy shitty BTU that noone wants.
And Ethereum will take the leadership.
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Its very sad to say that bitcoin's price is still declining and its dominance has reduced to 68% of the entire market capitalization value.Lets hope for the best.
The only good thing about current low market capitalization of BTC would be that lower price will create better entry point for new investors.But seriously seeing how we have more topics with FUD from people who want to rather abandon the ship instead buying cheaper coins it is kinda scary.
It's sad to know that price was more stable during PBoC intervention.
Nah. Much of that decrease is due to the alt bubbles
Once the alts dump -and they all will dump- the btc dominance percentage will go up again
Once the alts dump -and they all will dump- the btc dominance percentage will go up again
Not exactly the reason IMO. We've been past that many times over. Speculators are pulling out because of the impending hard fork. Once this issue is over, we might be see stability again.
Yes I agree. The hard fork looming is the issue thing that affected the price of bitcoin currently. But if is implemented or not, bitcoin price will rise again at a steady level because a lot of people will be buying bitcoin and dump the alt-coin they have right now. They just want to be safe and not lose their investments that why they move to alt-coins now. But as you have said if the issue is over, they will go back to bitcoin ecosystem again.
Nah. Much of that decrease is due to the alt bubbles
Once the alts dump -and they all will dump- the btc dominance percentage will go up again
Once the alts dump -and they all will dump- the btc dominance percentage will go up again
Not exactly the reason IMO. We've been past that many times over. Speculators are pulling out because of the impending hard fork. Once this issue is over, we might be see stability again.
Just popped up in my mind, the dangerously low levels of no return are where any altcoin could surpass Bitcoin, and there are hundred dollar coins in existance right now. If BTC falls down onto 200$ those would merely have to double up for irreversible dethroning Bitcoin.
200$ would be a level of no return. I'm glad that comes close to my buying spot from 2016.
200$ would be a level of no return. I'm glad that comes close to my buying spot from 2016.
yes, I believe bitcoin prices will fall, after several altcoin and ico took usd of bitcoin. I assume that bitcoin will drop to 500 $ and when the right time to buy and own bitcoin.
Scaring out investors could require folding down three times, not two. Some altcoins did one tenth of the ATH remaining, but they pump up the same 10x factors. 435 USD would be a third from ATH, my floor guesswork.
I'm afraid it will continue to decrease in the future, things are getting worse for bitcoin, recently, because bitcoin is branching, so the market is changing, and it is no longer loved by everyone. The globalization of bitcoin has been hampered, and may end here. However, for those who believe in bitcoin and long-term investment, it can be a boon to them. And believe me, bitcoin will come back to life. It is not allowed to disappoint people.
Its very sad to say that bitcoin's price is still declining and its dominance has reduced to 68% of the entire market capitalization value.Lets hope for the best.
haha, what did you expect when market is filled with a couple of thousands of altcoins and each of these altcoins have billions of coin supply and all of them are getting pumped to the max right now.
bitcoin is only 1 against all of them and it has only 16 million coin supply.
this is basic first grade math really
I am neither sad or happy that the price of Bitcoin is going down. So many people like to immediately start complanining about the price per Bitcoin but when they want to look back at what price Bitcoin was when it began people don't really want to talk about it as much. Bitcoin literally doesn't have much value added into it, the price is nice but it will fall to zero eventually...most of us are just waiting for that crash to happen.
It is really bad situation for bitcoin, I keep watching the price falling down and other alt coin rising up, if this keep continue bitcoin can collapsed and other alt coin will take bitcoin place and bitcoin will become worthless, I hope there will be a great news about bitcoin
Bitcoin Corestream has become an ALTCOIN whose main feature is a block limit of 1MB to be dependent on other private developments.
All this to steal from the miners their future commissions, artificially slowing the network in the short, medium and long term.
This is fucking bullshit.
The price is right and will continue to fall until the miners feel fear enough to form an alliance, run the hard fork and neutralize Corestream's blockchain.
The hit on the table is coming.
But until then prices will fall.
If all goes well, some will go to the moon with SpaceX next year.
All this to steal from the miners their future commissions, artificially slowing the network in the short, medium and long term.
This is fucking bullshit.
The price is right and will continue to fall until the miners feel fear enough to form an alliance, run the hard fork and neutralize Corestream's blockchain.
The hit on the table is coming.
But until then prices will fall.
If all goes well, some will go to the moon with SpaceX next year.
Its very sad to say that bitcoin's price is still declining and its dominance has reduced to 68% of the entire market capitalization value.Lets hope for the best.
you are looking at the wrong place. the market cap is not saying the real thing about cryptocurrencies.
first of all altcoins are being pumped right now and that means their price are going up artificially, also that means there is a lot of money flying in their direction.
in the end some fake coins such as ethereum have a fake coin supply of 90 million coins currently available. you can think of marketcap like this: if bitcoin had 90 million coins available like ETH instead of having 16.5 then you wouldn't even be able to say the percentage of bitcoin market share because it would have been 99%
This is actually good for Bitcoin.
The temporary price decline will give some sense to the ones "in charge" with BTC and BU and may give us a chance for a better coin.
I said temporary. I believe that the price of Bitcoin will get new ATH after the current crypto-war ends.
The temporary price decline will give some sense to the ones "in charge" with BTC and BU and may give us a chance for a better coin.
I said temporary. I believe that the price of Bitcoin will get new ATH after the current crypto-war ends.
Fortunately I took the risk of selling 80% of my bitcoins at $1250. And perhaps I will buy some coins at $800, but I am not so optimistic about the next future of the bitcoin because it is clear that speculators are only using it as a pump and dump business.
I would advice you to buy bitcoins once more since its a great opportunity to buy bitcoin at a low price.I dont even know whether we could get such a low price in future.Good Luck.For those who were arguing that below $1000 was a pipe dream, well this is their Trading 101 - financial market never continues indefinitely in any one direction, nevertheless, it never loses track of where it is headed fundamentally.
Is money flowing directly from BTC -> Altcoins?
That doesn't make sense at all.
What's happening is that BTC -> fiat
and fiat -> altcoins
Remember that the fiat side of the trade is easiest to manipulate, central banks are charging close to zero % rates for lending to big institutions. That's near enough free money, will we hear in the future of how the 2010's saw the birth of the "cryptocurrency carry trade"? It's possible that it's begun already
That doesn't make sense at all.
What's happening is that BTC -> fiat
and fiat -> altcoins
Remember that the fiat side of the trade is easiest to manipulate, central banks are charging close to zero % rates for lending to big institutions. That's near enough free money, will we hear in the future of how the 2010's saw the birth of the "cryptocurrency carry trade"? It's possible that it's begun already
the money are in the altcoin now, you have the same btc as before if you hold soem of those alt that are increasing, in fact if you mine you earn more than before despite bitcoin being cheaper
if it keep going down miner will risk their revenue, i don't think they are that stupid to destroy their own business, abut maybe yes because they are the one causing this by supporting BU...
if it keep going down miner will risk their revenue, i don't think they are that stupid to destroy their own business, abut maybe yes because they are the one causing this by supporting BU...
Fortunately I took the risk of selling 80% of my bitcoins at $1250. And perhaps I will buy some coins at $800, but I am not so optimistic about the next future of the bitcoin because it is clear that speculators are only using it as a pump and dump business.
I would advice you to buy bitcoins once more since its a great opportunity to buy bitcoin at a low price.I dont even know whether we could get such a low price in future.Good Luck.Id say buy a bit back now, but wait for the majority =)
BTC's price has a long ways to go down before this whole forking business dust settles.
I estimate BTC+BTU after immediate forkage will total in value amounting to $500/unit (1btc+btu) ... maybe even lower lol
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