Topic: Bitcoin is crashing. Why? :( - page 4. (Read 7190 times)

people here have too much free time it seems. when bitcoin goes down a few bucks plenty of threads pop up with 'crash' 'sell now!' and more nonsense.

at best it should rise , because for helping ethereum people should buy btc first, and then send those to etherum, so in th first place there should be a increase and then a possible crush

but the entity of those two element would be very insignificant, at this point the big money for ethereum are done, long time ago

You can insure the current value of your BTC!

There are a couple of Bitcoin Options exchanges - options allow you to hedge against a fall (or rise) in price. Basically you buy a contract (cost around 1% of what your "insuring") called a "Put" that allows you to sell your BTC for $300. If BTC/USD goes down then the value of your contract goes up, allowing you to sell it and offset the BTC/USD fall.

I think there's a real need for a user-friendly BTC insurance experience, and - to be honest - Bitcoin Options aren't it. Over time I believe they'll develop, and new businesses will develop around them, but for the time being this may be your best option for insurance.

Anyway - if my explanation or the words "options" and "exchanges" don't put you off - here's a couple of links:

• https://quedex.net is new, and not trading yet, but worth keeping an eye on.
• https://coinut.com has been trading for a while now. Their website is a bit primary-coloured and "Bootstrappy" but seems very functional. This link is referer-free; there's a full-fat link in my sig if you'd like to show me some love!

PS. "Options" can be terrifying, and people will caution you not to trade options. This is good advice (unless you know exactly what you're doing: don't trade options). Buying an option, as outlined above, however - now that's using options as they were intended, and the risks and rewards are clearly defined: the risk is that BTC/USD remains static or rises - if that happens you'll lose the money you spent on insurance. Exactly like the insurance premiums you pay for home insurance, or car insurance. (The "reward", of course, applies when BTC/USD falls - your "reward" then offsets that loss).

Now dollar is becoming strong hence there is some impact on bitcoin prices.

If you are that worried about short term fluctuations, maybe it is better to stop accepting bitcoins for your gift cards and mobile rechargers?

it is going back up again

Look at the USD. Value vs China which is devaluing like crazy. There's your USD/EUR/BTC price fluctuation.

It's all simple economics 101. Panic if you must, but at least make sense.

Look at the chart today. Kraken ETH/BTC. Volume is cray.

Ethereum might have something to do with it.

Just a quick question, at what levels did you buy your bitcoins? Maybe around $290 because you're already suffering a loss % wise. Looking at those price drops every minute will make you crazy, I swear.

I am worried as I sell my gift cards and mobile recharges for the bitcoin value as hence if it decreases, I'll bear the loss. I'm not that worried but I wanted it to be above $300 atleast. The decreasing value isn't a good sign.

Funny seeing all the topics appearing in this forum with CRASH!!!
it wasn't a crash i think 'correction' sounds better . You'll know it's a crash when it's happening.

If you look at the value everyday, youll turn crazy.. 

And its better to look at, like having some stock shares of a blue chip company waiting to explode.

The more you have the better reward, but yeah. Never stick with the daily value unless you have nothing to do.

What you should do is try and remove your focus from the $ value.
I have X bitcoins. I will retain X bitcoins till about 2020. 

Its crashing every day.

But what you fail to see it goes and recovers eventually a period of a weeks time. A real crash is when we see it like that mt.gox price moment when you can see the gradual decline every week hitting another -$100 mark each 2 weeks or more.

it's called price fluctuation.  just keep buying.  you have almost no coins yet anyway.

LOL! I said in 4 days I lost $0.6 and I have now $7.75 while it was $8.35 4 days ago. The price is decreasing rapidly in just 4 days while earlier it used to take a week for the price to decrease. The price used to be stable for a week with $2-$5 decrease/increase.

@jonald_fyookball: I know I don't have much in my BTC account but even I am worried about the price fluctuation just as you or anyone else. I have seen that last month the price was pretty stable at $230-$250 so am a bit upset and hence my frustration over the price.

Bitcoin lost 5,5% in value in the last 24 hours. That means you have 11.4 $ in bitcoins. Math, wow.

I don't know what happened in just 4 days and the rate has just declined. I have just had a loss of about $0.6 as the amount I have is less but it must be even more who are saving their bitcoins. It's seriously not a good sign.