Topic: Bitcoin drops to lowest level this month as price falls below $6,300 (Read 1131 times)
November 13, 2017, 03:32:53 PM
It looked alarming, Bitcoin dropping about $1000 in a few days. Some think it's normal, after the cancellation. Some say it's because of someone's dumping Bitcoin and pumping Bitcoin cash. But, no matter What, Bitcoin will rise and get over 7K to reach 8K this month. Even with the Bitcoin cash fork, in the end there's no stopping Bitcoin.
November 13, 2017, 03:11:47 PM
It is very volatile right now, but it seems that it really wants to keep its price at a high level. Two days ago it touched less than $5300, so we are fine right now, it is upto $6500 each bitcoin at the moment, i dont think that it is a bad number after all. Bitcoin cash is diying, and we all know that, the only people who are buying this coin, are those who are only trying to make some profit from it.
I took advantage of it when it was so volatile last night, i made more than 0.05 bitcoins because of it's last pump to $ 2000.
I took advantage of it when it was so volatile last night, i made more than 0.05 bitcoins because of it's last pump to $ 2000.
November 13, 2017, 12:59:43 PM
If you are saying that an 8% price fall is alarming, then you might be a true Newbie or just helping spreading FUDs. 8% fall is not that of a big deal when it comes to Bitcoin. 20% is still considered normal so you should relax now and not be "alarmed" anymore. There is no reason to be alarmed in the first place, this is Bitcoin.
I remember someone having opened a thread saying that he's worried about his $100 worth of Bitcoin investment having gone down with $10 in a very short time.
It just shows that people invest and blatantly assume that the market will increase. If the market doesn't go up, but go down instead, they act like the end of the world is near. At the end of the day, we shouldn't really be surprised by people acting like that. The forum is infested with these panic noobs, even to the extent where they infect other noobs with their nonsensical posts and don't even realize that. It's almost a plague. 
November 13, 2017, 11:14:10 AM
The rising and falling of the value of bitcoin is obviously normal. We cannot always go up. Value really depend on some factors. But I believe the value of bitcoin is being better and better each day.
November 13, 2017, 03:00:55 AM
Bitcoin Cash going to upgrade some new features called EDA which is going to block arbitrage for miners. There is nice opportunity for miners now.
So if they do this we will see miners going to switch to bitcoin rather then bitcoin cash. So price will start to increase after this update.
Also this will reduce unconfirmed transactions on bitcoin network.
So if they do this we will see miners going to switch to bitcoin rather then bitcoin cash. So price will start to increase after this update.
Also this will reduce unconfirmed transactions on bitcoin network.
November 13, 2017, 02:51:07 AM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
bitcoin price value drops $1000 maybe due to the cancellation of Segwit2x. But there is a probability that this could be a good news as the Segwit2x causes a lot of tension to the Bitcoin community. For sure Bitcoin will still regain its value in the coming weeks. Let us just wait and not jump ship into panic. The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
November 13, 2017, 02:27:22 AM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
This is very alarming! Bitcoin price fall about 8% as of Nov. 10, 2017, fro $7,000 fall down to $6,475.40. If this will continue, it will bring a big effect to the entire business world.
LOL! LMAO! This is a joke that made my day
If you are saying that an 8% price fall is alarming, then you might be a true Newbie or just helping spreading FUDs. 8% fall is not that of a big deal when it comes to Bitcoin. 20% is still considered normal so you should relax now and not be "alarmed" anymore. There is no reason to be alarmed in the first place, this is Bitcoin.
November 12, 2017, 06:55:38 PM
$5730 and falling. Falling, not rising. We have ways to go before it becomes stable, don't know where the floor is right now, maybe $3500 before it stops falling.
I do agree that the market isn't done with falling lower, but there is no way I see it fall back that deep. If the $5000 mark holds, we'll likely consolidate for a while before we go back up gain.If we see the market take a dive under the $5000 mark, it will likely be a very brief visit. There is just too much demand in that range to allow the market to sink further down than slightly under the $5000 mark.
That being said, you haven't exactly been very steady with your predictions. You just blindly throw numbers on the table in the hope that you're right, which in 95% of times isn't the case.
November 12, 2017, 06:46:29 PM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
I think the drop is just normal. This already happened in the previous month. It's funny how we always notice the drop and panic. It is just a temporary drop. Many investors have shift to Bitcoin Cash because they thought it was more profitable than bitcoin. About 13+%. But it is already recovering.
November 12, 2017, 06:19:58 PM
$5730 and falling. Falling, not rising. We have ways to go before it becomes stable, don't know where the floor is right now, maybe $3500 before it stops falling.
November 12, 2017, 01:06:02 PM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
While I am extremely upset over what transpired to Bitcoin within 48 hours, I am hopeful it will bounce back again soon! My plan is to convert my Bitcoin to fiat once it reaches at least $7,500. What has gone wrong is literally out of our control. We just have to be steadfast in achieving our goals.
I have a question, though. Do you think it will rise again sooner than expected? If so, then, it is just a cycle of up and down.
November 12, 2017, 12:26:32 PM
Actually, $6000 seems to be under threat. Bitcoin is in the end a momentum trade. When prices were rising, they shot up through various levels ($5000, $6000, $7000) very quickly. Unfortunately, the same holds good on the way down.
It's actually holding $6000 pretty well. I wonder if the reason is that lots of coins are stuck in unconfirmed transactions and can't get to the exchanges? Bitcoin is also struggling to break the $6400 resistence.
If this continues it will trade in the $6000 - $6400 range till the mempool is cleared (or not).
You may be right after thinking about it, the long queue of transactions currently. But something to consider also is we are on weekend and tomorrow Monday and the following week coming we will start to see a more relevant situation. Also when the difficulty will increase the miners will surely come back to BTC.
I am in hurry to see what this week will give us
November 12, 2017, 11:20:29 AM
Actually, $6000 seems to be under threat. Bitcoin is in the end a momentum trade. When prices were rising, they shot up through various levels ($5000, $6000, $7000) very quickly. Unfortunately, the same holds good on the way down.
It's actually holding $6000 pretty well. I wonder if the reason is that lots of coins are stuck in unconfirmed transactions and can't get to the exchanges? Bitcoin is also struggling to break the $6400 resistence.
If this continues it will trade in the $6000 - $6400 range till the mempool is cleared (or not).
November 12, 2017, 11:08:25 AM
Actually, $6000 seems to be under threat. Bitcoin is in the end a momentum trade. When prices were rising, they shot up through various levels ($5000, $6000, $7000) very quickly. Unfortunately, the same holds good on the way down.
It's actually holding $6000 pretty well. I wonder if the reason is that lots of coins are stuck in unconfirmed transactions and can't get to the exchanges? Bitcoin is also struggling to break the $6400 resistence.
If this continues it will trade in the $6000 - $6400 range till the mempool is cleared (or not).
November 12, 2017, 08:07:56 AM
Apparently Roger Ver has moved 25k BTc to bitfinex:
https://twitter.com/windsok/status/929626408753627136
and here is the transaction ID:
https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ
It's not clear what he's going to do with it. He hasn't dumped, eating all the buy orders on the way down. But he could create a formidable sell wall preventing bitcoin rising.
https://twitter.com/windsok/status/929626408753627136
and here is the transaction ID:
https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ
It's not clear what he's going to do with it. He hasn't dumped, eating all the buy orders on the way down. But he could create a formidable sell wall preventing bitcoin rising.
250k to be exact. Offcourse is clear what Roger is doing, It has been clear from day one. Pump up BCH = Bitcoin going down. Dump BCH for Cheap BTC. Roger gets free money and noobs cry
November 12, 2017, 06:44:00 AM
Apparently Roger Ver has moved 25k BTc to bitfinex:
https://twitter.com/windsok/status/929626408753627136
and here is the transaction ID:
https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ
It's not clear what he's going to do with it. He hasn't dumped, eating all the buy orders on the way down. But he could create a formidable sell wall preventing bitcoin rising.
https://twitter.com/windsok/status/929626408753627136
and here is the transaction ID:
https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ
It's not clear what he's going to do with it. He hasn't dumped, eating all the buy orders on the way down. But he could create a formidable sell wall preventing bitcoin rising.
November 12, 2017, 06:27:47 AM
Fluctuation in Bitcoins price is nothing new, drop of its price was expected. But like before it will continue on its path, and will rise up again once more. Some people do not know what is going on and that is affecting Bitcoins price. But when people see that everything is ok, they will come back and price will rise again.
November 12, 2017, 06:20:07 AM
As of now the price of bitcoin decrease and its already 6000 dollars and I hope it will back again at 7000 dollars.
For sure many people buy again bitcoin so it will increase the price again after few days so dont worry.
Now it's the time, price of bitcoin already recovering, it's going back to $6,5K again after "temporary" dump created by massive hype towards BCH which I actually pretty much have no clue whether it's causedFor sure many people buy again bitcoin so it will increase the price again after few days so dont worry.
by the bitcoin classic shut down rumours or merely a manipulation. However, still a good thing to be happened.
November 12, 2017, 05:49:07 AM
Actually, $6000 seems to be under threat. Bitcoin is in the end a momentum trade. When prices were rising, they shot up through various levels ($5000, $6000, $7000) very quickly. Unfortunately, the same holds good on the way down.
But I am not seeing this down fall as an usual correction rather as any big threat. Simply, it just another high volatility drama of bitcoin price levels.It reached $5555.55(how did it happen, all 5) at bitstamp but it seems it bounce back again. Price is now at $6142 and obviously trader made a good amount of money again by taking advantage of the situation. Hope it won't go as low as less than $5k.
Yes, I believe the bounce back has already started and now we are going to have bitcoin prices back on track. I guess no people have changed their speculations on year end targets as it will be the same $10k levels. But to maintain the grwoth progress, we must need definite solution on scalability issues. 
November 12, 2017, 05:30:08 AM
It reached $5555.55(how did it happen, all 5) at bitstamp but it seems it bounce back again. Price is now at $6142 and obviously trader made a good amount of money again by taking advantage of the situation. Hope it won't go as low as less than $5k.
it was funny, and these prices are mostly coincidence but also they happen because people love round numbers. they place a lot of orders at these prices. that is why breaking the $x1000 resistances are always harder.
the active market is different though. the orders that are not in orderbooks, the bots that are waiting to execute buy orders in case of a condition trigger,... they are what drove price back up above $6k plus the ever existing demand for bitcoin.
November 12, 2017, 04:42:39 AM
As of now the price of bitcoin decrease and its already 6000 dollars and I hope it will back again at 7000 dollars.
For sure many people buy again bitcoin so it will increase the price again after few days so dont worry.
For sure many people buy again bitcoin so it will increase the price again after few days so dont worry.
November 12, 2017, 03:49:23 AM
It reached $5555.55(how did it happen, all 5) at bitstamp but it seems it bounce back again. Price is now at $6142 and obviously trader made a good amount of money again by taking advantage of the situation. Hope it won't go as low as less than $5k.
November 12, 2017, 03:32:17 AM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
OHHH. What is the happening to the bitcoin price ? 6,300$ is not the bitcoins lowest level for this month. It drops more than 1,000$.
https://bitcointalksearch.org/topic/price-fall-down-to-6094-us-dollars-accordingly-to-coindesk-chart-2391371
Me too, I also wonder why there is a big dump? Then someone also said in the thread BCH is now pumping. From 1,247$ you have said today it is already 2,800$. So quick. What a lucky day for those who invested it. I hope bitcoin remains on top. Bitcoin drop is normal and will recover from this. But with the bitcoin drop, it already affects lots of people.
Actually, it seems to be bouncing back after having reached a much lower low of somewhere around ~$5800. It also seems on the other hand the Bitcoin Cash is now going back down after the huge pump that it had today. It originally was much higher than it currently is. This position movement really makes you question the moves behind the rise of Bitcoin Cash over the past few hours, as it seems that a big part of the market for Bitcoin Cash originated from Korea and might have been orchestrated. It must be quite significant given that Bitcoin took a huge hit in price against fiat, albeit to be fair, correlation does not necessarily equal causation, so maybe it is all just a coincidence, but I highly doubt it. For those of us who are not day traders, it is best to just hold.
November 12, 2017, 03:20:58 AM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
OHHH. What is the happening to the bitcoin price ? 6,300$ is not the bitcoins lowest level for this month. It drops more than 1,000$.
https://bitcointalksearch.org/topic/price-fall-down-to-6094-us-dollars-accordingly-to-coindesk-chart-2391371
Me too, I also wonder why there is a big dump? Then someone also said in the thread BCH is now pumping. From 1,247$ you have said today it is already 2,800$. So quick. What a lucky day for those who invested it. I hope bitcoin remains on top. Bitcoin drop is normal and will recover from this. But with the bitcoin drop, it already affects lots of people.
November 12, 2017, 02:35:45 AM
Actually, $6000 seems to be under threat. Bitcoin is in the end a momentum trade. When prices were rising, they shot up through various levels ($5000, $6000, $7000) very quickly. Unfortunately, the same holds good on the way down.
November 11, 2017, 07:25:57 PM
All the altcoins have risen in price compared to Bitcoin, since the fork was called off. This is because altcoin/btc price dropped in last weeks due to people selling their altcoins for bitcoins so that they can claim the free coins. Basically what was happened is that a market was being created for a new coin that was still part of the Bitcoin and once it was called off people simply restarted the crypto world to what it was before, more or less. Not everyone bought back their altcoins yet, some are just late, some just believe that the fork will still go on.
Segwit2x was called off first, and then they started to pump BCH and this caused a negative cause on bitcoin. They achieved this in very planned way. I'm pretty sure for this.
As long as the price keeps stay above $6,000, there won't be any problems.
November 11, 2017, 07:23:11 PM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
This is very alarming! Bitcoin price fall about 8% as of Nov. 10, 2017, fro $7,000 fall down to $6,475.40. If this will continue, it will bring a big effect to the entire business world.
No. It's normal in cryptocurrencies. It always happens after high rise in prices. There is nothing to worry about.
November 11, 2017, 07:17:23 PM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
Bur it doesnt we should worry because 6300$ is still a high value. Why dont we need to worry? That is because bitcoin price is unlredictable and unstable. Just be better positive that it will pump by the end of this year. The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
November 11, 2017, 06:56:48 PM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
This is very alarming! Bitcoin price fall about 8% as of Nov. 10, 2017, fro $7,000 fall down to $6,475.40. If this will continue, it will bring a big effect to the entire business world.
November 11, 2017, 01:57:00 PM
All the altcoins have risen in price compared to Bitcoin, since the fork was called off. This is because altcoin/btc price dropped in last weeks due to people selling their altcoins for bitcoins so that they can claim the free coins. Basically what was happened is that a market was being created for a new coin that was still part of the Bitcoin and once it was called off people simply restarted the crypto world to what it was before, more or less. Not everyone bought back their altcoins yet, some are just late, some just believe that the fork will still go on.
November 11, 2017, 01:38:02 PM
After some of the leading businessman suggesting that in future they will consider to invest in bitcoins cash , many of the people who were waiting for segwit2x to come and give them a short term profit were all waiting for a nice opportunity to dump bitcoins.
As bitcoins sore high they all dumped it and then seeing thw value of bitcoins falling even lower everyone else too did panic selling.
Since segwit2x was called off due to very less support by the community those who brought bitcoins for that free coins had no business after it was called off.
Also I think many people are thinking of investing in Bitcoin Cash because they fear that everyone else will just invest in Bitcoin cash only considering the statements of big authorities.
But I think since CME have launched bitcoin future till they don't call this off the prices will sore well above the recent high .. and that too by the end of March 2018
As bitcoins sore high they all dumped it and then seeing thw value of bitcoins falling even lower everyone else too did panic selling.
Since segwit2x was called off due to very less support by the community those who brought bitcoins for that free coins had no business after it was called off.
Also I think many people are thinking of investing in Bitcoin Cash because they fear that everyone else will just invest in Bitcoin cash only considering the statements of big authorities.
But I think since CME have launched bitcoin future till they don't call this off the prices will sore well above the recent high .. and that too by the end of March 2018
November 11, 2017, 01:23:32 PM
The notoriously volatile cryptocurrency bitcoin has fallen to its lowest price this month after rallying in the first week of November and then crashing by more than $1,000 on Thursday and Friday.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
The price of a single bitcoin is down 4.53 per cent at $6,272.24, according to Coindesk's aggregate index, a level it hasn't reached since the end of October.
Bitcoin surged to an all-time high of almost $7,900 on Wednesday, before dropping by more than $1,000 in 48 hours.
The surge was prompted by the suspension of a software upgrade that could have split bitcoin into what's called a "fork".
The most recent slump came as some traders dumped it for a clone called bitcoin cash, which has seen its value soar in the last few days: it's price is now up by 54 per cent to $1,247.
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