Topic: Bitcoin and altcoin to fall further? - page 2. (Read 1147 times)
Many people had bad feelings that this fall might continue since china Issuing some statement that they will shut off there local exchangers by the end of the month and october so we might gonna fall for 2500$ at piece and if this price would reach then It will be the one of the biggest upset of the bitcoins and altcoins history.
No, i don't expect any more drop for bitcoin.
altcoins is also too general a term for me to give opinion, there should be more specification.
but also i don't put aside the possibility of more drop. i think the safest assumption is that the chances of more drop is extremely small right now. the FUD can not get bigger than this. and you can't expect people to keep selling forever. it stops at some point when they run out of coins to sell and there is only whales left with a lot of coins in their pockets which they bought cheap at the bottom.
altcoins is also too general a term for me to give opinion, there should be more specification.
but also i don't put aside the possibility of more drop. i think the safest assumption is that the chances of more drop is extremely small right now. the FUD can not get bigger than this. and you can't expect people to keep selling forever. it stops at some point when they run out of coins to sell and there is only whales left with a lot of coins in their pockets which they bought cheap at the bottom.
What the heck? last time I checked last night we we're still at the $3900-$4100 mark. And I just woke up after a night of all out drinking and prices are at around $3400 wow. Any new FUD?
EDIT: nevermind. Chinese exchange: BTCC has will shut down on September 30 for those who don't know. Charlie Lee was right!
I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
Is the news about chinese exchanges closing confirmed now? or is it still only rumors?The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
EDIT: nevermind. Chinese exchange: BTCC has will shut down on September 30 for those who don't know. Charlie Lee was right!
In my educated guess is that $2500 would be easily achieved when we are in this feaful situation and im still happy waiting for my bur oders to be filled.
It seems it will continue to fall and there is no indication yet that it will stop. Although it's a good oppurtunity to buy, hope history won't repeat itself. That would affect a bitcoiner like me who only did was selling. Would be fine if it will stay in 4digit.
I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
You're right, and I think a lot of people are so concerned with the drops because they came in when Bitcoin was at a high. They maybe purchased at 4,000 and so to them, seeing a 25% drop in their investment in hours is very scary. For the long term holders, there is more experience with this type of situation.
What we are seeing is the same effect as a fire at a festival .... people run for the door killing each other....other people see people running and follow even though they have no clue why they are running..... people die due to hysteria not due to the actual threat....
We are the guys remaining and drinking the free beers at the end
That said I don't blame the chinaman from protecting his assets ... China can be quite a controlling and unpredictable country (for us to understand)....
I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
You're right, and I think a lot of people are so concerned with the drops because they came in when Bitcoin was at a high. They maybe purchased at 4,000 and so to them, seeing a 25% drop in their investment in hours is very scary. For the long term holders, there is more experience with this type of situation.
I read that the dump is due to a chinese exchange closing it's doors.
The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
The FUD spread is that the government is stopping Bitcoin again.
We have seen this before.... Chinese sell... weak hands sell.... price dumps .... recovery comes eventually .... Bitcoin lives to see another ATH
Hi,
Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?
Jh
Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?
Jh
Not with that much fall but I see bitcoin price will still play at the shadow of around $3,000+ which is way more interesting to see because we can see strong support here. If it goes down more then so be it. If it goes up then much better.
About on some altcoins, I don't have some insights yet since my altcoins on hold will be on hold as of the moment and I don't have any plans to dump it yet. Majority of my coins at my porfolio currently plays at a maximum 10% to 20% price decrease which is not alarming based on my own set of things to be considered.
Yes - this is not done yet
I believe it will keep falling for a while, although nobody could tell you for exactly how long.
Hi,
Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?
Jh
Do you guys expect further falls in bitcoin and altcoins this week and coming weekend?
Jh
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