Topic: Bitcoin dropping like a stone - page 9. (Read 7684 times)
I would not call a less than 15 % drop dropping like a stone, people are just worried about the hard fork more than the etf rejection. With many exchanges agreeing to put the hard fork btu under its own ticker separated from btc as they forsee equal support for both tickers much like eth and etc. I for one am going to wait this storm out by doing nothing.
when the price drops.. dont panic.
treat it as a discount day to buy in cheap before it goes up again
treat it as a discount day to buy in cheap before it goes up again
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.
Anything under a 10% drop/rise is just daily variance IMO, no need to panic 
. I think you're best of hodling atm since both coins are at their bottom I think. We'll probably see both of them rise a bit in the next couple of days. Remember cryptos are dangerous and volatile, don't trade with anything you can't afford to lose 
Also this post should've probably been posted in Economics or Speculation.
. I think you're best of hodling atm since both coins are at their bottom I think. We'll probably see both of them rise a bit in the next couple of days. Remember cryptos are dangerous and volatile, don't trade with anything you can't afford to lose Also this post should've probably been posted in Economics or Speculation. 
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?
.We peaked. Sentiment changed. ETF denial combined with possible BTU hard fork has spooked the market.
Wait for the bottom, perhaps $800-$900(?) and buy in if you're a gambler, or HODL if you're stoic.
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?
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