Bitcoin plunges currently at $929! | Bitcointalksearch.org

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legendary

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Quote from: hase0278 on March 27, 2017, 03:42:21 AM

I guess bitcoin dumped because of the spread of BU FUD and people getting afraid into it. I think it is non sense to be afraid of it though since even if it happens we would get the same amount of bitcoin on BU when hardfork happens anyway.

Double number of coins doesn't mean that it will result in you actually getting a major benefit from it. If there really happens to be a chain split, then it will cause a massive downfall in the price of Bitcoin. I wouldn't even be surprised to see a short term decline to levels around the $300's. Your actually benefit will then have to come from you scooping up cheap Bitcoins, and not from having an equal number of BU-altcoins.

alyssa85

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Calm down people! Bitcoin is trading in a range of between $900 and $1000, and is likely to stay in that range for a month or two till people decide the way forward on this hard fork. At that point it might either start another moonshot, or drop as people give up on it.

hase0278

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I guess bitcoin dumped because of the spread of BU FUD and people getting afraid into it. I think it is non sense to be afraid of it though since even if it happens we would get the same amount of bitcoin on BU when hardfork happens anyway. Right now I am holding bitcoins and I suggest others to hold their bitcoin too. Maybe in the coming days bitcoin will pump for sure maybe next week or weeks from now im not sure when but surely it will happen.

addicto

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I bought few around $910 because nothing can be safer than bitcoin. It's wonderful time to make invest into after few days it will be on new ATH when this controversy will die. Bitcoin will be more strong and price will go over $1300

xypos

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Quote from: mr.mister on March 24, 2017, 05:41:14 PM

What's causing this drop?

Probably a correction that was going to happen anytime.

There is no avoiding the fact that the price was obviously a bit too bubbly, and an adjustment downwards was needed before there is a price rise again. After the ETF decision there was a short squeeze which left shorters stunned.

But then after everyone's attention shifted out of the ETF it went to the hard fork.

And that's bad news for bitcoin, as there is a ton of infighting going on.

romero121

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Quote from: jjacob on March 26, 2017, 08:04:02 PM

Quote from: quake313 on March 25, 2017, 12:01:32 AM

Quote from: deftsec on March 24, 2017, 10:17:23 PM

I exchanged for dollars. Waiting the bitcoin fall a bit more to reorder.

I'll hodl til 10k then I'll sodl, if we ever get there.

My strategy is similar but in terms of time. I will hold till 2025 and then sell.
I am betting that after we get over the next halving, Bitcoin will go to the moon. These minor fluctuations don't worry me.

After the upcoming halving the price will go high, but only very few hold for such a long term focusing upon a good increase. Most of them try to gain profit in a short time period, so even minor fluctuations matter and only those fluctuations give profit unlike the price increase and decrease. Now it looks good price staying above$970.

jjacob

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Quote from: quake313 on March 25, 2017, 12:01:32 AM

Quote from: deftsec on March 24, 2017, 10:17:23 PM

I exchanged for dollars. Waiting the bitcoin fall a bit more to reorder.

I'll hodl til 10k then I'll sodl, if we ever get there.

My strategy is similar but in terms of time. I will hold till 2025 and then sell.
I am betting that after we get over the next halving, Bitcoin will go to the moon. These minor fluctuations don't worry me.

OneUnderBridge

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Quote from: york780 on March 26, 2017, 05:41:16 PM

Quote from: OneUnderBridge on March 26, 2017, 05:07:22 PM

Quote from: york780 on March 26, 2017, 05:01:16 PM

Quote from: OneUnderBridge on March 26, 2017, 04:56:35 PM

Quote from: jubalix on March 25, 2017, 02:49:09 AM

Bigger than the fall inmho is the % of total market, <70%, this the first part of the network effect to be lost, with ethers 400% increase, from circa $1b to $4b.

Mull that over.

tech is littered with myspace face book, examples.....

Wow! Hopefully it will get cheap enough for me to buy some for a change. I've been watching this stuff for awhile but haven't committed yet because I am still trying to take it all in. I hope I didn't miss the boat! Is everybody running from bitcoin and entering ethereum?

Yup, ethereum increased 400% in the last month

and bitcoin decreased with -20% this month.

Will ethereum keep going up and bitcoin keep going down? Or, maybe it will turn back around like it has in the past? Buy low, sell high? Or, buy while it is going up because it might not come back down?

As long as bitcoin will go down, ethereum will go up. They are moving convergent.

I think it's just FUD. I think that missing the opportunity to buy cheap bitcoin might be a mistake. Bitcoin has proven to rebound resiliently, so I'm thinking buy low now. I do not think it's the end for bitcoin. But, I am afraid to commit because the FUD is the strong sort of FUD and not the normal everyday FUD I am used to reading.

york780

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Quote from: OneUnderBridge on March 26, 2017, 05:07:22 PM

Quote from: york780 on March 26, 2017, 05:01:16 PM

Quote from: OneUnderBridge on March 26, 2017, 04:56:35 PM

Quote from: jubalix on March 25, 2017, 02:49:09 AM

Bigger than the fall inmho is the % of total market, <70%, this the first part of the network effect to be lost, with ethers 400% increase, from circa $1b to $4b.

Mull that over.

tech is littered with myspace face book, examples.....

Wow! Hopefully it will get cheap enough for me to buy some for a change. I've been watching this stuff for awhile but haven't committed yet because I am still trying to take it all in. I hope I didn't miss the boat! Is everybody running from bitcoin and entering ethereum?

Yup, ethereum increased 400% in the last month

and bitcoin decreased with -20% this month.

Will ethereum keep going up and bitcoin keep going down? Or, maybe it will turn back around like it has in the past? Buy low, sell high? Or, buy while it is going up because it might not come back down?

As long as bitcoin will go down, ethereum will go up. They are moving convergent.

lionheart78

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Quote from: OneUnderBridge on March 24, 2017, 05:48:20 PM

The market has a mind of its own. I don't think anybody has enough power to manipulate the market without community involvement. It just may be the right time for the market to correct itself for awhile. Don't get feared and do anything rash!

You may have a point that with $20B market of Bitcoin, it is quite hard to manipulate it's market but you fail to count the influence of several big players, and exchanges to Bitcoin. The joint announcement of exchanges about Bitcoin hard fork created by BU will be considered as altcoin and couple with the doomsday rumor of Bitcoin plus the intentional dump on the market is surely the major reason why Bitcoin plunges back to triple digit.

OneUnderBridge

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Quote from: york780 on March 26, 2017, 05:01:16 PM

Quote from: OneUnderBridge on March 26, 2017, 04:56:35 PM

Quote from: jubalix on March 25, 2017, 02:49:09 AM

Bigger than the fall inmho is the % of total market, <70%, this the first part of the network effect to be lost, with ethers 400% increase, from circa $1b to $4b.

Mull that over.

tech is littered with myspace face book, examples.....

Wow! Hopefully it will get cheap enough for me to buy some for a change. I've been watching this stuff for awhile but haven't committed yet because I am still trying to take it all in. I hope I didn't miss the boat! Is everybody running from bitcoin and entering ethereum?

Yup, ethereum increased 400% in the last month

and bitcoin decreased with -20% this month.

Will ethereum keep going up and bitcoin keep going down? Or, maybe it will turn back around like it has in the past? Buy low, sell high? Or, buy while it is going up because it might not come back down?

york780

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Activity: 392

Merit: 250

Quote from: OneUnderBridge on March 26, 2017, 04:56:35 PM

Quote from: jubalix on March 25, 2017, 02:49:09 AM

Bigger than the fall inmho is the % of total market, <70%, this the first part of the network effect to be lost, with ethers 400% increase, from circa $1b to $4b.

Mull that over.

tech is littered with myspace face book, examples.....

Wow! Hopefully it will get cheap enough for me to buy some for a change. I've been watching this stuff for awhile but haven't committed yet because I am still trying to take it all in. I hope I didn't miss the boat! Is everybody running from bitcoin and entering ethereum?

Yup, ethereum increased 400% in the last month

and bitcoin decreased with -20% this month.

OneUnderBridge

sr. member

Activity: 368

Merit: 266

Quote from: jubalix on March 25, 2017, 02:49:09 AM

Bigger than the fall inmho is the % of total market, <70%, this the first part of the network effect to be lost, with ethers 400% increase, from circa $1b to $4b.

Mull that over.

tech is littered with myspace face book, examples.....

Wow! Hopefully it will get cheap enough for me to buy some for a change. I've been watching this stuff for awhile but haven't committed yet because I am still trying to take it all in. I hope I didn't miss the boat! Is everybody running from bitcoin and entering ethereum?

jubalix

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Bigger than the fall inmho is the % of total market, <70%, this the first part of the network effect to be lost, with ethers 400% increase, from circa $1b to $4b.

Mull that over.

tech is littered with myspace face book, examples.....

X-ray

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Quote from: cpfreeplz on March 24, 2017, 10:14:54 PM

Some are moving to other cryptocurrencies, some are selling into fiat. Some are just hedging their risk with the possible hard fork. Sell half of your bitcoins and you have half the risk, right? That's all that's going on. Another day in bitcoin land.

To save their decimals and it will be automatically pump the price of the altcoins. But in this time the bitcoin gets recover for its price and we will see the bitcoin will above $1000 again.
I've made some profit by buy cheap bitcoin @900. this is just pump and dump. A lot of the people are not realize if this was a usual thing.

Seansky

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Quote from: Kotone on March 25, 2017, 12:33:21 AM

Quote from: mr.mister on March 24, 2017, 05:41:14 PM

What's causing this drop?

People panic and then sell their coins etf rejected this is the reason behind the price dropped :O hope that it will be back to normal soon bitcoin holders sold their coins becuase they think this drop keep continue till the end of the month. Grab chance to those holders of some altcoins , alternative coins had a potential to rise.

I think right now ETF rejection was not the cause of the price drop but the one that caused it are FUDS that can be seen which makesany people panic sell and the whales are taking advantage of it. I really hope that this dump will soon stop ane the price rise start again so that we can see bitcoin go up to 1000$+ again.

Kotone

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Quote from: mr.mister on March 24, 2017, 05:41:14 PM

What's causing this drop?

People panic and then sell their coins etf rejected this is the reason behind the price dropped :O hope that it will be back to normal soon bitcoin holders sold their coins becuase they think this drop keep continue till the end of the month. Grab chance to those holders of some altcoins , alternative coins had a potential to rise.

ekoice

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Its all occuring due to panic selling.Immateur bitcoin holders are responsible for this.They see some altcoins pumping and just turn their investments to altcoins.Great day for altcoin owners filling up their pockets.Its very sad that i dont have enough much money now,otherwise i would have grabbed lots of low priced BTCs by this time

quake313

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Quote from: deftsec on March 24, 2017, 10:17:23 PM

I exchanged for dollars. Waiting the bitcoin fall a bit more to reorder.

I'll hodl til 10k then I'll sodl, if we ever get there.

deftsec

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I exchanged for dollars. Waiting the bitcoin fall a bit more to reorder.

Topic: Bitcoin plunges currently at $929! (Read 2703 times)