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Topic: Bitcoin dropping like a stone - page 6. (Read 7593 times)

legendary
Activity: 1862
Merit: 1505
March 20, 2017, 10:27:58 AM
#68
...and now bitcoin is re-climbing the hill again... with more spirit...

Fools sold it all out, and since bitcoin doesn't like fools, it made them cry. Grin Now we got rid of them!
newbie
Activity: 39
Merit: 0
March 20, 2017, 10:10:09 AM
#67
And now it's happening to altcoins because Bitcoin is becoming useless...

That's a very strong statement. Care to elaborate ?
hero member
Activity: 2912
Merit: 642
March 20, 2017, 10:00:55 AM
#66
You should get used to it and more might come with big waves.
Too much news about negativity of bitcoin is spreading specially about the transaction time and the transaction fees.
This will be a hard year for bitcoin. Now it is getting more attention at the time it hit $1200 mark.
There is the ETF thing also which users thought is the real reason. Made them panic.
sr. member
Activity: 406
Merit: 250
March 20, 2017, 09:56:22 AM
#65
It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.

It may very well be that certain people shifted their priorities temporarily to trading altcoins due to their heavy fluctuations, but that's nothing new. ETH and Dash are being pumped with money from very wealthy individuals that hold the far majority of the circulating coins/tokens in their portfolio. Do you seriously think that the extreme pumps that altcoins experience is coming from legit demand? If the people behind these massive pumps didn't had the majority of the circulating coins, then they wouldn't have any incentive to pump the price. ETH and Dash don't enjoy any sort of real world usage. They purely function as speculative investment options for with greed filled people. MLM was also mentioned to play an important role, but I can't verify how far their importance is when it comes to these pumps.
Ethereum is starting to be adopted quicker than you'd think, AlphaBay a darkmarket is adding Ethereum as a payment method because bitcoin can't fulfill that role any longer  Embarrassed. ETH also has Ethereum Enterprise Alliance, which is basically an alliance of companies that are working together to see how they can use ethereum for their companies... It's unfortunate how a lot of bitcoiners refuse to realise that alts are catching up to bitcoin quick.  Cry

Eth has a long way to go mate and i am sure the path and the obstacles which bitcoin has over come in the past can be sustained by other altcoins like ETH and it's just temporarily pump for ETH there might be chances that ETH will gain more value but it does not mean that bitcoin will lose it's value as these are the words of people who cannot invest into bitcoin due to the high price of bitcoin so they have invested into ETH and wants to justify it i am sure if you go back to other threads there were rumors that bitcoin will go back to $600 but bitcoin has almost gained it's price which it was last week.
hero member
Activity: 2870
Merit: 574
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March 20, 2017, 09:53:49 AM
#64
Any idea hy bitcoin is dropping so fast? Last night i was expecting it to go back up a little so i could take some money out of it and put it in ETH, but now i'd sell with a significant loss. What made it drop?
No,bitcoin has once again started to recover.Its price is around $1046 now.Whoever left bitcoin and ran towards altcoins,their time has started to return and the count down starts now...1,2,3..

i see this too in the market but i think its too slow to see the price is recovering for the last high price. i think we need more time to see the price is getting up like before. and i think its still worth to wait the other jump price and while we wait, we can do another thing like trading bitcoin pair altcoin.
legendary
Activity: 2170
Merit: 1427
March 20, 2017, 09:14:47 AM
#63
I've been in Ethereum for a long time, not just since the recent price rises Smiley. Adoption of cryptocurrencies begin with dark markets and then move on to mainstream, just like Bitcoin did. And now it's happening to altcoins because Bitcoin is becoming useless... But seriously do some research into altcoins for yourself, and don't just take someone's word for it and make yourself think that all alts are useless p&d shitcoins  Tongue

I do follow altcoins to stay up to date with everything, but you can't ignore the fact that the far majority of the Ether coins are in control of just a few people. Same goes up for Dash. In that regard, it doesn't surprise me a single bit that they have been pumped badly in the last days. Other than that, what makes you write off Bitcoin as being useless? Just because Bitcoin doesn't serve people well as currency tool? If that's your reasoning, then how did it become useless? Bitcoin hasn't been any different...
hero member
Activity: 490
Merit: 500
March 20, 2017, 08:38:57 AM
#62
Any idea hy bitcoin is dropping so fast? Last night i was expecting it to go back up a little so i could take some money out of it and put it in ETH, but now i'd sell with a significant loss. What made it drop?
No,bitcoin has once again started to recover.Its price is around $1046 now.Whoever left bitcoin and ran towards altcoins,their time has started to return and the count down starts now...1,2,3..
sr. member
Activity: 462
Merit: 250
March 20, 2017, 08:35:14 AM
#61
Ethereum is starting to be adopted quicker than you'd think, AlphaBay a darkmarket is adding Ethereum as a payment method because bitcoin can't fulfill that role any longer  Embarrassed. ETH also has Ethereum Enterprise Alliance, which is basically an alliance of companies that are working together to see how they can use ethereum for their companies... It's unfortunate how a lot of bitcoiners refuse to realise that alts are catching up to bitcoin quick.  Cry
Keep making yourself believe into something because you have taken certain positions at current extremely inflated prices. ETH isn't that special at all for dark net markets as AlphaBay has also implemented Monero a while ago. Other than that, I wouldn't find it that big of a problem if certain altcoins "take over" Bitcoin's position in dark net markets. It would mean that the mainstream media channels have less negativity to throw around with regarding Bitcoin.
I've been in Ethereum for a long time, not just since the recent price rises Smiley. Adoption of cryptocurrencies begin with dark markets and then move on to mainstream, just like Bitcoin did. And now it's happening to altcoins because Bitcoin is becoming useless... But seriously do some research into altcoins for yourself, and don't just take someone's word for it and make yourself think that all alts are useless p&d shitcoins  Tongue
legendary
Activity: 2170
Merit: 1427
March 20, 2017, 07:59:23 AM
#60
Ethereum is starting to be adopted quicker than you'd think, AlphaBay a darkmarket is adding Ethereum as a payment method because bitcoin can't fulfill that role any longer  Embarrassed. ETH also has Ethereum Enterprise Alliance, which is basically an alliance of companies that are working together to see how they can use ethereum for their companies... It's unfortunate how a lot of bitcoiners refuse to realise that alts are catching up to bitcoin quick.  Cry

Keep making yourself believe into something because you have taken certain positions at current extremely inflated prices. ETH isn't that special at all for dark net markets as AlphaBay has also implemented Monero a while ago. Other than that, I wouldn't find it that big of a problem if certain altcoins "take over" Bitcoin's position in dark net markets. It would mean that the mainstream media channels have less negativity to throw around with regarding Bitcoin.
member
Activity: 121
Merit: 10
March 20, 2017, 07:19:26 AM
#59
Again this is an oportunity to buy in folks......
It will rise again sooner or later and those who did not step in will regret
hero member
Activity: 882
Merit: 500
March 20, 2017, 06:55:24 AM
#58
Any idea hy bitcoin is dropping so fast? Last night i was expecting it to go back up a little so i could take some money out of it and put it in ETH, but now i'd sell with a significant loss. What made it drop?
Instead to think that you get loss , you should think that you got a chance to make profit.
Just think about it throughly that if you can buy small fraction of bitcoin then probably you can make a big profit with the increase of the price , so here be always positive for the bitcoin price , second thing in the bitcoin that fluctuation in the price is a usual thing and they provide us the opportunity to make profit through trading .
hero member
Activity: 882
Merit: 544
March 20, 2017, 06:49:28 AM
#57
Right now bitcoin prices had gone back to 1000$ levels which I think is amazing after it had dropped to sub 1000$. This has yet proved again how strong bitcoin really is and I really hope that this will be yet another steady price growth period. This someday would be significant in bitcoin so even if it's price drops like a stone do not fear bitcoin will rise up again even if it falls down in price many times more.
hero member
Activity: 1694
Merit: 502
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March 20, 2017, 06:36:45 AM
#56
It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.

It may very well be that certain people shifted their priorities temporarily to trading altcoins due to their heavy fluctuations, but that's nothing new. ETH and Dash are being pumped with money from very wealthy individuals that hold the far majority of the circulating coins/tokens in their portfolio. Do you seriously think that the extreme pumps that altcoins experience is coming from legit demand? If the people behind these massive pumps didn't had the majority of the circulating coins, then they wouldn't have any incentive to pump the price. ETH and Dash don't enjoy any sort of real world usage. They purely function as speculative investment options for with greed filled people. MLM was also mentioned to play an important role, but I can't verify how far their importance is when it comes to these pumps.
Ethereum is starting to be adopted quicker than you'd think, AlphaBay a darkmarket is adding Ethereum as a payment method because bitcoin can't fulfill that role any longer  Embarrassed. ETH also has Ethereum Enterprise Alliance, which is basically an alliance of companies that are working together to see how they can use ethereum for their companies... It's unfortunate how a lot of bitcoiners refuse to realise that alts are catching up to bitcoin quick.  Cry
The ethereum alliance is such an example about how the serious of ethereum dev. But if the bitcoin will be applying on the alpha bay it means if the bitcoin doesn't having a chance to get a legalism in the future.
We are know if the alphabay is the big blackmarket and containing a lot of the illegal stuff. and it's not good if the bitcoin will be accepted on the alphabay market.  But honestly the altcoin is like a bull right now.

That time will pass and then altcoins will start to go down and bitcoin will rise again. In the end people are earning bitcoins with trading altcoins, in some time people will dump their altcoins for bitcoins and price of bitcoin will increase even higher then it was recently.
I do that, I have some altcoins and when the price is high I sell them back for bitcoins and that is how I make profit, I suppose most of us are doing similar.
hero member
Activity: 2898
Merit: 520
Leading Crypto Sports Betting & Casino Platform
March 20, 2017, 06:24:48 AM
#55
It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.

It may very well be that certain people shifted their priorities temporarily to trading altcoins due to their heavy fluctuations, but that's nothing new. ETH and Dash are being pumped with money from very wealthy individuals that hold the far majority of the circulating coins/tokens in their portfolio. Do you seriously think that the extreme pumps that altcoins experience is coming from legit demand? If the people behind these massive pumps didn't had the majority of the circulating coins, then they wouldn't have any incentive to pump the price. ETH and Dash don't enjoy any sort of real world usage. They purely function as speculative investment options for with greed filled people. MLM was also mentioned to play an important role, but I can't verify how far their importance is when it comes to these pumps.
Ethereum is starting to be adopted quicker than you'd think, AlphaBay a darkmarket is adding Ethereum as a payment method because bitcoin can't fulfill that role any longer  Embarrassed. ETH also has Ethereum Enterprise Alliance, which is basically an alliance of companies that are working together to see how they can use ethereum for their companies... It's unfortunate how a lot of bitcoiners refuse to realise that alts are catching up to bitcoin quick.  Cry
The ethereum alliance is such an example about how the serious of ethereum dev. But if the bitcoin will be applying on the alpha bay it means if the bitcoin doesn't having a chance to get a legalism in the future.
We are know if the alphabay is the big blackmarket and containing a lot of the illegal stuff. and it's not good if the bitcoin will be accepted on the alphabay market.  But honestly the altcoin is like a bull right now.
sr. member
Activity: 462
Merit: 250
March 20, 2017, 06:07:18 AM
#54
It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.

It may very well be that certain people shifted their priorities temporarily to trading altcoins due to their heavy fluctuations, but that's nothing new. ETH and Dash are being pumped with money from very wealthy individuals that hold the far majority of the circulating coins/tokens in their portfolio. Do you seriously think that the extreme pumps that altcoins experience is coming from legit demand? If the people behind these massive pumps didn't had the majority of the circulating coins, then they wouldn't have any incentive to pump the price. ETH and Dash don't enjoy any sort of real world usage. They purely function as speculative investment options for with greed filled people. MLM was also mentioned to play an important role, but I can't verify how far their importance is when it comes to these pumps.
Ethereum is starting to be adopted quicker than you'd think, AlphaBay a darkmarket is adding Ethereum as a payment method because bitcoin can't fulfill that role any longer  Embarrassed. ETH also has Ethereum Enterprise Alliance, which is basically an alliance of companies that are working together to see how they can use ethereum for their companies... It's unfortunate how a lot of bitcoiners refuse to realise that alts are catching up to bitcoin quick.  Cry
legendary
Activity: 2170
Merit: 1427
March 19, 2017, 05:31:20 PM
#53
It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.

It may very well be that certain people shifted their priorities temporarily to trading altcoins due to their heavy fluctuations, but that's nothing new. ETH and Dash are being pumped with money from very wealthy individuals that hold the far majority of the circulating coins/tokens in their portfolio. Do you seriously think that the extreme pumps that altcoins experience is coming from legit demand? If the people behind these massive pumps didn't had the majority of the circulating coins, then they wouldn't have any incentive to pump the price. ETH and Dash don't enjoy any sort of real world usage. They purely function as speculative investment options for with greed filled people. MLM was also mentioned to play an important role, but I can't verify how far their importance is when it comes to these pumps.
sr. member
Activity: 303
Merit: 250
March 19, 2017, 05:28:27 PM
#52
It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.


Yes i agree with you that the funds have been moved from bitcoin to other crypto coins like altcoins and Eth but i don't think they will be as equivalent as bitcoin and have the same potential as bitcoins because most the people might have heard about the ETH only in last 3 days since the surge the value and decline in the price of bitcoin. Bitcoin will be stable in sometime but other crypto coins might just crash.
ETH is losing it's power now. It has dropped from it's high to where it was a day ago.
It seems to be losing steam now.
But the darkcoin alternative/replacement on the other hand. Embarrassed
That one is busting out all over the place and not showing any slow down in it's climb up.
member
Activity: 65
Merit: 10
March 19, 2017, 05:25:01 PM
#51
This price drop was a bit exaggerated, but there is an explanation for this to have happened. It seems that miners are opting for higher fees rather than a real solution for the scalability problem. Clearly the market is not satisfied with what is happening.
hero member
Activity: 616
Merit: 500
March 19, 2017, 05:18:04 PM
#50
It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.


Yes i agree with you that the funds have been moved from bitcoin to other crypto coins like altcoins and Eth but i don't think they will be as equivalent as bitcoin and have the same potential as bitcoins because most the people might have heard about the ETH only in last 3 days since the surge the value and decline in the price of bitcoin. Bitcoin will be stable in sometime but other crypto coins might just crash.
hero member
Activity: 2814
Merit: 911
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March 19, 2017, 04:38:02 PM
#49
Any idea hy bitcoin is dropping so fast? Last night i was expecting it to go back up a little so i could take some money out of it and put it in ETH, but now i'd sell with a significant loss. What made it drop?
Bitcoin was riding high for the past couple of months and a correction is needed for further bull run and the talks about forking had an impact on the price and no one in their right mind sells their stock at a loss,what if ETH comes down drastically when you invest in them since they are all riding an all time high valuation,so the risk is higher in alt coins rather than in bitcoin because you are certain that the price would rise in the future.

It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.
Alt coin market is there for a very long time and it is not that people are noticing the alts right now  Grin You cannot compare bitcoin with the rest of the alt coins in the market .
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