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Topic: BITCOIN IS FALLING!! Is This The CORRECTION ! $850,000,000 LOST!!! - page 2. (Read 434 times)

sr. member
Activity: 1400
Merit: 347
Not sure if OP is a newbie or a whale being ironic.
hero member
Activity: 2842
Merit: 772
Lol, enough with this Tether drama. The market just had a normal reaction, but it seems investors is not affected by this news because, to be honest, we shouldn't be affected in the first place.

Now that the correction is done, and the price seems to be going strong at $5300, it's possible to test $5600 and again.

I think the jury is out, we are not going back to $3k levels, on the contrary looking to breach $6k in the next coming weeks.
hero member
Activity: 1834
Merit: 523
Look the price now it is stable again to $5200 and we don't any reason to panic even hundreds millions of dollars lost because for sure next coming days maybe they have big investors or a lot of investors will try their luck again to invest to the bitcoin and maybe they add trillions of dollars capital.
legendary
Activity: 1652
Merit: 1483
Correction? This wasn't obviously a market correction, but was obviously due to the Bitfinex-Tether controversy. Nice click-bait FUD topic though.

of course it was a correction. what else would you call a 10% dump in price? FUD might have helped trigger the correction, but many old timers and experienced traders were expecting this correction for good reason already. news often triggers moves that were already waiting in the wings. it serves as a catalyst. in fact, bulls already retested the highs and failed a couple days ago so it was a pretty obvious move.

the question is whether this is just a pullback or the beginning of a move back to the $3ks. the jury is out on that one.
legendary
Activity: 1652
Merit: 1057
Calm down, dropping 850 million dollars in market cap is as insignificant as it gets in bitcoin world. I would like to remind you that it it used to be around 62 billion dollars just couple weeks ago and now its around 92 billion dollars, that is around 30 billion dollars in increase and yet here you are trying to create a FUD about how it dropped 850 million dollars.

Unfortunately for you that people are not that idiot anymore and they know what they are doing. Nobody will believe in these types of discussions of how it dropped and how BIG THE LOSSES are with caps on because we can literally see something that worth over 92 billion dollars in marketcap could drop 850 million dollars and it would mean nothing, that literally happened every single day during the past 2 years.
legendary
Activity: 1638
Merit: 1046
This is another FUD and I don't trust newbies to post this kind of thread against bitcoin bull run this kind of people is trying to push the price down again because they already make a profit from 3k value and sold these days and today they are now trying to spread a fake news to push people to sell their holdings so that they can buy cheap price again.

Look at the image posted by Slow death as you can see there is a huge price drop and rise again and I'm sure those people who buy bitcoin from huge drop are those people who spreading FUD.
legendary
Activity: 2408
Merit: 2226
Signature space for rent
It was a pull back and I don't worry about that. This isn't big issue really on crypto-currency especially for bitcoin. On the other hand we can see today recovering price. Who know, perhaps it was a bounce point. That's why I am always positive with slow and healthy grow. Sudden grow isn't healthy and it would pull back, we already face that pull back. Hope it will bounce once again.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
first of all, welcome to bitcoin market dear newbie.

secondly open up a chart once in a while before starting a topic. i assure you that looking at charts benefits you a lot more than watching nonsense on Youtube and reading crap on Twitter,...

as it is obvious from the charts tiny drops like this one are one of the most common things that occur with the volatile bitcoin. even if price went down to $4800 it still wouldn't be a "fall" but a mere small correction and price is still pretty much above $5100!

and finally the number "$850,000,000" is pulled out of your behind because you were trying to include a big "scary" number Wink and is meaningless. what was "lost" was a 4% drop in price.
legendary
Activity: 2702
Merit: 4002
I believe that there is no historical resistance at $ 4000, so unless there are strong reasons for a drop to $ 3,000, the price will not fall below $ 5000. All that is happening now is a $ 5000 "or 5100" correction.
It's supposed to look at the other side where we were close to $ 6,000.
I have always warned of Tether and I continue to warn against it.

Correction? This wasn't obviously a market correction, but was obviously due to the Bitfinex-Tether controversy. Nice click-bait FUD topic though.
Just For Fun.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
Lol. The stuff people to do to seek attention amazes me sometimes. The manner in which op deliberately capitalized every letter of the sentence was hilarious to observe. This is not 2017 op since there is no inorganic action going on here which is why your FUD tactics won't work.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Correction? This wasn't obviously a market correction, but was obviously due to the Bitfinex-Tether controversy. Nice click-bait FUD topic though.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
will the Bitcoin price go down even more?



had fallen to $ 5100 and is now at $5300, so answering your question: yes, it can fall a lot if it does not have much demand, this is normal in this market.

Tether Hits Back at Claims Its Reserves Were Used to Cover $850 Million Loss at Bitfinex

we will always see dark days and every time the price increases many days later we have some controversy involving Tether.  if we do not have a lot of controversy surrounding Theter, we'll be fine.
newbie
Activity: 7
Merit: 0
Over the years  I have seen how some world class investors, economics pundits and some big banks have criticized the BITCOIN calling it a bubble without any underlying value but a merely speculation and Pyramid Scheme. Perhaps they had to adopt this FUD (Fear, Uncertainty, and Doubt) strategy to protect their malicious empire and ensure their continuous control over the people’s sovereign wealth through policy manipulation, for the fear of new technology being a threat to their bad practice. Hence, instead of telling the truth, they praise the blockchain and publicly denounce the bitcoin. Be wise! 
legendary
Activity: 3542
Merit: 1352
Cashback 15%
Classic fear-mongering move. Bitcoin's price has since stabilized by now and has been doing well for the past few hours. If the downfall is indeed continuing, it should have done so up to now yet the thing is it doesn't. A slide towards $4000 is somewhat unlikely since a strong support at $5000 is already in place, with other ones being in $4800 and $4500 respectively. Sell orders have also normalized too, and panic hasn't get the best out of most traders just yet.
newbie
Activity: 1
Merit: 0
Bitcoin Technical Analysis & Bitcoin News Today: Bitcoin is right now falling, and will the Bitcoin price go down even more?

https://www.youtube.com/watch?v=tFkg96HmWYY
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