Bitcoin @ $592.. we are crashing - page 2.

dumana

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Quote from: funbarrel on August 15, 2016, 02:15:45 PM

Quote from: coinzat on August 14, 2016, 04:51:31 AM

crashing is a big word . you should not use it to describe a normal fall.
the price has fallen %10 approximately last week because of the bad news of bitfinex. it is not the first time to see this kind of fall.

thats true, the price falls a bit and everyone screams that it is crashing even though it isnt, i think that the price is soon going to recover after this fall

The problem is that the price falls bit by bit, and going lower for some time. Maybe people are interested in the altcoins now.

funbarrel

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Quote from: coinzat on August 14, 2016, 04:51:31 AM

crashing is a big word . you should not use it to describe a normal fall.
the price has fallen %10 approximately last week because of the bad news of bitfinex. it is not the first time to see this kind of fall.

thats true, the price falls a bit and everyone screams that it is crashing even though it isnt, i think that the price is soon going to recover after this fall

Ayers

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Quote from: coinzat on August 14, 2016, 04:51:31 AM

crashing is a big word . you should not use it to describe a normal fall.
the price has fallen %10 approximately last week because of the bad news of bitfinex. it is not the first time to see this kind of fall.

it's definitely a crash look, it's $100 already from when the hack started, so around 15%, this can be called a big drop, and the trend is continuing in a bad way with more bad news that create another panic dump and fud opportunity

maku

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Quote from: ASHLIUSZ on August 13, 2016, 06:35:32 AM

The value of Bitcoin will be determined by regulation and some other factors which are ultimately controlled by government. I am optimistic, the sheer force of Bitcoin and the revolution it brings to our outdated currency systems will allow it to flourish.

No, not really bitcoin is not regulated in most countries and because of that situation like recent Bitfinex hack can still occur.
We need to impose some serious regulations on crucial bitcoin services like exchanges or payment providers. Without regulation of business bitcoin is financial wild west.

Doms

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Different people have different risk tolerance. I bet a lot sold when the price went from $620 to $500. The opposite can be said of others. While others panic sold during that plummet, there are those who took advantage of the decline. We don't know how long we are going to stay below $600 but what I know is this is a good time to buy and accumulate as much as your budget allows you.

greBit

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Quote from: coinzat on August 14, 2016, 04:51:31 AM

crashing is a big word . you should not use it to describe a normal fall.
the price has fallen %10 approximately last week because of the bad news of bitfinex. it is not the first time to see this kind of fall.

Yeah and fall was not too high, that can be managed as price again started to rise slowly after that, and I think in next few months price will be much higher so keep on buying at a moment.

Auponef

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Quote from: coinzat on August 14, 2016, 04:51:31 AM

crashing is a big word . you should not use it to describe a normal fall.
the price has fallen %10 approximately last week because of the bad news of bitfinex. it is not the first time to see this kind of fall.

The bitcoin price is not crashing. It is just dropping to $570 now. I think the market hot spot is in the altcoin such as Ethereum and Dash coin.

coinzat

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Young but I'm not that bold

crashing is a big word . you should not use it to describe a normal fall.
the price has fallen %10 approximately last week because of the bad news of bitfinex. it is not the first time to see this kind of fall.

Auponef

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Quote from: Ayers on August 13, 2016, 07:19:22 AM

Quote from: ASHLIUSZ on August 13, 2016, 06:35:32 AM

Quote from: Auponef on August 13, 2016, 04:39:31 AM

Quote from: MFahad on August 13, 2016, 04:33:43 AM

Quote from: Wind_FURY on August 13, 2016, 02:48:27 AM

Quote from: freedomgo on August 13, 2016, 02:22:12 AM

Quote from: MFahad on August 13, 2016, 12:06:30 AM

Quote from: Master_dandosha on August 12, 2016, 09:56:17 AM

Quote from: agustina2 on August 12, 2016, 09:50:29 AM

Quote from: Master_dandosha on August 12, 2016, 09:40:39 AM

it is not a crash but it is normal because many miners abandon mining bitcoin while they moved to other profitable project so 400 $ by the end of this year is definitely possible price.

Really lol??

Other profitable project and then what? It will just add more troll coins in the making. Bitcoin is only crypto that can last for a long term. Other coins are just for short term profits. So a serious miner will just put efforts on bitcoin even the rewards are drop.

Yes i agree with you bitcoin is only long lasting project but with halving everyone knows that mining bitcoin is not profitable anymore .

Even with halving and miners profit reduced to half, there is no stoppage of mining. Bitcoins prices are still going up . The people who have setup large infrastructures for mining are not going to give up and it is still profitable to them.

That's all what we are waiting to happen which is the price increase, I think it could happen this year and there is no major crash really as the price is backing up already, it takes a little time before we will sit comfortably to $600+ as the previous price before the fall back.

I am sorry but we have already have seen the major move up happen. It was followed by a fall below $600 because of the Bitfinex hack. Now I do not think that there will be any major moves up or down. We will continue to stay under $600 until the end of this year and some parts of next year.

I think if bitcoin price stays at 600$ till the end of the year without being major pump or dump, it will be good for overall credibility of bitcoins. We dont want a situation where bitcoin rises to 800$ for few days and then coming back down to 400$ or so.

I am much more optimistic. I believe the bitcoin price will be at least $800 or double last year's price in December.

The value of Bitcoin will be determined by regulation and some other factors which are ultimately controlled by government. I am optimistic, the sheer force of Bitcoin and the revolution it brings to our outdated currency systems will allow it to flourish.

the adoption come with regulation but many people just need to trust more bitcoin and not see hacking attempt everywhere, i think more thna regulation we need security first to have agreat value in the future

The business related to the bitcoin is not trustable at the moment. For example, the Bitfinex lost 120k due to its own errors, but traders have to bear the cost.