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Topic: Bitcoin @ $592.. we are crashing - page 3. (Read 3560 times)

legendary
Activity: 3528
Merit: 7005
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August 12, 2016, 04:52:41 PM
#51
It's at $585 now, just bought a little.  Frankly I'd be happy if we stabilized at this price, but given bitcoin's history and its user base, I'm pretty damn sure that isn't going to happen.  We're going to break up or down eventually, and I'm hoping it's up.  Profit is always nice, eh?
legendary
Activity: 1904
Merit: 1074
August 12, 2016, 04:19:24 PM
#50
the price is not crashing any more, right now it seems that it is going to go up fast

Be prepared for a average price around $600 for a few months, because it stayed at $400 to $450 for a few months before the Halving happened and then it crashed a little with the Bitfinex hack. I

think most of the volatility has worked it self out and we are in for a long boring phase.. until the next big thing happens. Hopefully it will be something good, like a major retailer or merchant or

service accepting Bitcoin.  Wink
full member
Activity: 154
Merit: 100
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August 12, 2016, 03:52:38 PM
#49
the price is not crashing any more, right now it seems that it is going to go up fast
legendary
Activity: 1232
Merit: 1091
August 12, 2016, 03:11:02 PM
#48
Good buying opportunity now, I don't think we'll fall much from the current price. Load up guys, don't miss an opportunity to increase your stash whilst you still can.



Even if the price goes over $600 I still consider it a more than decent price to buy at. If I look at the sentiment and the buy support on exchanges, then I even think the price might fall a bit lower. Probably somewhere in the range of $560-$570 levels.
legendary
Activity: 1442
Merit: 1016
August 12, 2016, 01:28:02 PM
#47
occasionally crashes is needed to make the price a little bit down, so many people get the opportunity to buy bitcoin with a fairly low price. and after many buy bitcoin, the price will go up to a high enough price, so that we can sell bitcoin we have. well, that is the thing I had always thought, and I think it is a positive thought  Grin

But you know that the price of Bitcoin was down to $465 less than 2 weeks ago?!
If people haven't used this opportunity to buy a few more coins it's their own fault.
I doubt we might go down again that much more as we already are.Maybe we test again the 580 but I think that's it.
legendary
Activity: 3556
Merit: 9709
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August 12, 2016, 12:24:11 PM
#46
Good buying opportunity now, I don't think we'll fall much from the current price. Load up guys, don't miss an opportunity to increase your stash whilst you still can.

hero member
Activity: 672
Merit: 500
August 12, 2016, 12:20:00 PM
#45
occasionally crashes is needed to make the price a little bit down, so many people get the opportunity to buy bitcoin with a fairly low price. and after many buy bitcoin, the price will go up to a high enough price, so that we can sell bitcoin we have. well, that is the thing I had always thought, and I think it is a positive thought  Grin

You are right, saying this is was an crash like a crash in a traditional way, however the price seems to be back on track. On track to 600 dollars which is and was may then i would have hoped for before the crash. It shows that investors like bitcoin and we have finally have a reliable and steady bitcoin.
hero member
Activity: 1204
Merit: 500
August 12, 2016, 10:50:35 AM
#44
occasionally crashes is needed to make the price a little bit down, so many people get the opportunity to buy bitcoin with a fairly low price. and after many buy bitcoin, the price will go up to a high enough price, so that we can sell bitcoin we have. well, that is the thing I had always thought, and I think it is a positive thought  Grin
hero member
Activity: 1470
Merit: 655
August 12, 2016, 10:43:54 AM
#43
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 .

do you even know how much it costs miners to mine bitcoin? and as long as you don't know this you don't get to give any opinion about profitability of mining for miners and claim "everybody knows that!"

besides the hashrate shows that there are no miners leaving so far and they are happily continuing their project.
member
Activity: 101
Merit: 10
August 12, 2016, 09:57:09 AM
#42
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.

That along with other factor guarantee that Bitcoin is a scalling paradise in terms of $$$.
hero member
Activity: 714
Merit: 500
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August 12, 2016, 09:56:17 AM
#41
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 .
legendary
Activity: 896
Merit: 1000
August 12, 2016, 09:54:53 AM
#40
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.

first of all, miners are not abandoning bitcoin. the difficulty change at this point is nearly 5% in the green. which means that if this difficulty is what the final increase will be for this period, that we're nearly at the same point as before the previous difficulty adjustment. miners abandoning bitcoin would translate into the difficulty going down and down. not the case, so i am not sure what makes you think so.
legendary
Activity: 2436
Merit: 1008
August 12, 2016, 09:50:29 AM
#39
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.
hero member
Activity: 714
Merit: 500
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August 12, 2016, 09:40:39 AM
#38
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.
sr. member
Activity: 389
Merit: 250
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August 12, 2016, 09:36:13 AM
#37
That is just too bitcoin. You wont know what would happen  Grin It is okay I know it will go back maybe next week or a month later.
of course you cannot ever know what price is going to turn out to be, in my opinion it wont start crashing any time soon though i hope it will grow
hero member
Activity: 840
Merit: 1000
August 12, 2016, 09:33:58 AM
#36
I don't see a crash. It is a stable price.

Bitcoin lost like 50$ after bitfinex scam and i think that was pretty cheap to get away from this mess. We could have seen worse if people had panicked. But people realized that exchange hacks have nothing to do with bitcoin itself and they kept their trust with bitcoin.

Exactly even after the price crash we saw good recovery in the price of bitcoin and the best thing is people didn't get panic and continued their trust with bitcoins.
legendary
Activity: 3276
Merit: 2442
August 12, 2016, 09:10:45 AM
#35
I don't see a crash. It is a stable price.

Bitcoin lost like 50$ after bitfinex scam and i think that was pretty cheap to get away from this mess. We could have seen worse if people had panicked. But people realized that exchange hacks have nothing to do with bitcoin itself and they kept their trust with bitcoin.
full member
Activity: 148
Merit: 100
August 12, 2016, 09:02:51 AM
#34
the current bitcoin movement continues to increase. a few days there has been increased. although it was a small but very meaningful. bitcoin is constantly evolving and it brings good news for bitcoin in the future.

The bitcoin price has been around $590 for a week now. There is no further news about the bitcoin, it will stay here again.
hero member
Activity: 1638
Merit: 505
August 10, 2016, 10:27:48 AM
#33
the current bitcoin movement continues to increase. a few days there has been increased. although it was a small but very meaningful. bitcoin is constantly evolving and it brings good news for bitcoin in the future.
sr. member
Activity: 406
Merit: 250
August 10, 2016, 09:54:52 AM
#32
That is just too bitcoin. You wont know what would happen  Grin It is okay I know it will go back maybe next week or a month later.
the price is fluctuating all the time and i really like it, i think it gets me a great possibility to make a lot of money as i do some trading from time to time
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