Go figure.
But it has rebounded again like it has in the past again and again.
So disaster averted.
Topic: Bitcoin dropping like a stone - page 8. (Read 7654 times)
Blame it on the Winklevosses attempt at making it into a real money market hedge fund.
Go figure.
But it has rebounded again like it has in the past again and again.
So disaster averted.
Go figure.
But it has rebounded again like it has in the past again and again.
So disaster averted.
I do not understand why you sold at a loss, this is prety unbelievable. If you believe in Bitcoin, such a low drop should not affect you that much. Real bitcoiners know this is nothing very important. For rise to happen, we need to be at a lower level than the one we are targetting. Going down a bit from time to time is something pretty normal, do not worry.
Big players like Vinny Lingham are spreading FUD. Granted, his position against BTU makes sense and he is right to be concerned, but remember his analysis is not impartial.
He and his friends sold all their Bitcoin. He only benefits from a short term drop in Bitcoin, hoping for Segwit implementation at which point he will re-enter the market. The lower the better at that point for him. "Hey guys, Bitcoin is gonna tank, so let's dump on the market and.... tank it." Hm.
So his predictions of doom and gloom only lend to a self-fulfilling prophecy that benefits him financially. Some will argue that tanking the BTC price will increase the urgency to adopt a solution to the blocksize debate, but I personally think it benefits no one. Stability in the BTC price is paramount in its journey to broad adoption. This drama is only hurting bitcoin.
He and his friends sold all their Bitcoin. He only benefits from a short term drop in Bitcoin, hoping for Segwit implementation at which point he will re-enter the market. The lower the better at that point for him. "Hey guys, Bitcoin is gonna tank, so let's dump on the market and.... tank it." Hm.
So his predictions of doom and gloom only lend to a self-fulfilling prophecy that benefits him financially. Some will argue that tanking the BTC price will increase the urgency to adopt a solution to the blocksize debate, but I personally think it benefits no one. Stability in the BTC price is paramount in its journey to broad adoption. This drama is only hurting bitcoin.
This is just a correction. The price will rise again after it hits bottom. The problem is that we don't know where the bottom is. It could be $1000 or $900 or even lower.
Doesn't look like it yet. Bitcoin has been steadily falling for the last couple days, and we just hit 990$. This is not good, I wonder if this is solely because of the BU hard fork that they are trying to push? Could anyone further explain it? It is solely because of BU.
A small group of IT minded people, only look at the technical benefits but they have little understanding of what gives an immutable currency it's value and how changes should be approached. For all its supposed flaws BTC was rising consistently, resilient after ETF decline and heading to moon until BU overtook Segwit and now that it looks like it could be a reality.
I think the BU could also do SegWit. It is in their road map. We need to drive down the transaction fee to make bitcoin useful to many people.
when the price drops.. dont panic.
treat it as a discount day to buy in cheap before it goes up again
I agree and react in this way usually still finding out the reasons for hard falling seems an essential thing for a bitcoiner but I could not figure out why prices are sliding down. (these crypto news sites are always late to cover up market sentiments).treat it as a discount day to buy in cheap before it goes up again
I just worry ETH is nearing 4 billion marketcap whereas bitcoin is losing its share can falling down to break below 16 bilion marketcap. I wish bitcoin to lead these statistics all the times so that new investors will chose bitcoin rather than going for some other cryptos. I believe we must find a concrete solutions to block size issue before it will become too late.
BTC was on track for moon, why the human species consistently shoots itself in the foot regards currencies I'll never know.
Bad motives, hidden agendas, etc. Eventually it's all about certain entities that will greatly take advantage of this situation and earn possibly hundreds of millions of dollars. With Bitcoin there are no guarantees, people say, but the only thing that is guaranteed when it comes to Bitcoin, is drama. It's no surprise that everytime the price goes up nicely, we'll face whatever form of negativity that will cause the price so sink very deep. Current situation fits nicely in that category.
Unfortunately one of the main causes of Bitcoin price manipulation, though, is that it's not popular enough already. The market cap is under 20 billion dollars, and why that may sound like a lot, it's absolutely nothing compared to huge fiat currencies - there are several trillion US dollars in circulation, for example, and no one, not even groups, own enough money to manipulate it, especially when it's used by nearly everyone in America for transactions every day.
This is just a correction. The price will rise again after it hits bottom. The problem is that we don't know where the bottom is. It could be $1000 or $900 or even lower.
Doesn't look like it yet. Bitcoin has been steadily falling for the last couple days, and we just hit 990$. This is not good, I wonder if this is solely because of the BU hard fork that they are trying to push? Could anyone further explain it? It is solely because of BU.
A small group of IT minded people, only look at the technical benefits but they have little understanding of what gives an immutable currency it's value and how changes should be approached. For all its supposed flaws BTC was rising consistently, resilient after ETF decline and heading to moon until BU overtook Segwit and now that it looks like it could be a reality.
This is just a correction. The price will rise again after it hits bottom. The problem is that we don't know where the bottom is. It could be $1000 or $900 or even lower.
Doesn't look like it yet. Bitcoin has been steadily falling for the last couple days, and we just hit 990$. This is not good, I wonder if this is solely because of the BU hard fork that they are trying to push? Could anyone further explain it? 
Looks like it will go further down to atleast 950$.
I'm waiting for $800-900 to sell my house and buy BTC...
That's going to be a very risky investment.
BTC was on track for moon, why the human species consistently shoots itself in the foot regards currencies I'll never know.
Bad motives, hidden agendas, etc. Eventually it's all about certain entities that will greatly take advantage of this situation and earn possibly hundreds of millions of dollars. With Bitcoin there are no guarantees, people say, but the only thing that is guaranteed when it comes to Bitcoin, is drama. It's no surprise that everytime the price goes up nicely, we'll face whatever form of negativity that will cause the price so sink very deep. Current situation fits nicely in that category.
Because of BU (Bitcoin Unlimited) Bitcoin has been dropping since more BU blocks were mined than Segwit. Then yesterday the exchanges announced a joint plan to incorporate BU. The reality of BU is causing the drop.
The market HATES BU but was fine when Segwit mined blocks were in the ascendency.
I have seen this play out in multiple crypto-currencies that push through a major change that doesn't have the support of the market. They become virtually worthless over the space of a few months.
The market HATES BU but was fine when Segwit mined blocks were in the ascendency.
I have seen this play out in multiple crypto-currencies that push through a major change that doesn't have the support of the market. They become virtually worthless over the space of a few months.
right, so if exchangers going to list BU then why sell Bitcoin core. Everyone sitting on Bitcoin will get same amount of BU for free. I am holding my bitcoins and if BU does happen then i can make profit by selling BU or Bitcoin or both. In this scenario it does not matter even if bitcoin sinks down to 500 USD before BU is listed because i will get same amount of BU and BU will be also around same price as BTC. if i have 20 BTC i will get 20 BU and i can sell them even att 500 USD and still get profit. well you get the point
if anything people should buy BTC now based on fork and double chain .
Perhaps some have moved their bitcoin over into DASH? I missed it when it was much cheaper so will not be getting into it at this level, I wouldn't worry about the drop as it will come back in a day or two.
This is just a correction. The price will rise again after it hits bottom. The problem is that we don't know where the bottom is. It could be $1000 or $900 or even lower.
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?
I think the price of Bitcoin drops sharply due to the appearance of Bitcoin Unlimited (BTU). Bitcoin Unlimited (BTU) is a bifurcated version of Bitcoin designed to allow users to customize their transaction block size via a graphical user interface. Bitcoin Core does not want to shift the power of power to other members in the Blockchain cyberspace: it's the miners and the owners of the node. At that time, Bitcoin Unlimited - by allowing block size to be changed based on demand on the Blockchain network, allows the technology to be freely changeable depending on the situation. These two versions seem to have made the civil war, the very high possibility that Bitcoin will be split into two versions: Bitcoin and Bitcoin Unlimited. About 20 exchanges have begun to plan for the case of split Bitcoin. Bitcoin Unlimited will become an Altcoin alternative to Bitcoin and tackle Blockchain's block size expansion. I think this has reduced the price of Bitcoin
BU, ETF, Brexit, China, Altcoins, Dutch elections. These are just a few of the factors that changed the Bitcoin price substantially. What I'm afraid of is Dash possibly going over Bitcoin's price, because a free fall is happening right now. The traders are scared. In some way I'm scared too. You just don't have any idea what's about to happen with the markets.. If there were so many decisions in only a few days, I'm wondering what one more similar decision would do to the Bitcoin price and community.
I'm waiting for $800-900 to sell my house and buy BTC...
Good luck unfortunately ETH didn't recover for 9 months after ETC and it only recovered because of major investment by some of the world's largest players, furthermore ETH was not seen as a digital gold like BTC is.
When you make a major change that isn't supported by the market you can destroy the value completely. BTSX is another example 3/4th largest currency and rising a few years ago till they had the brilliant idea to have a 'value adding' merger unfortunately you lose all value as a currency and they rapidly became worth <10%.
BTC was on track for moon, why the human species consistently shoots itself in the foot regards currencies I'll never know. I guess that's why we chose gold, it's hard for a bunch of humans who think they know whats best at a specific time to mess it up.
Just creating a good opportunity to buy in again...nothing wrong here 
I'm waiting for $800-900 to sell my house and buy BTC...
but now i'd sell with a significant loss.
No, that will be a mistake imo, just wait and watch the chartsWhat made it drop?
Big whales, normal variation bump/dump, +$1000 is reassuring, time to buy? 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?
I'm dumping my bitcoins. Bitcoiners become prideful and jubilant and need a lesson of obedience... Jump to: