Topic: Bitcoin plunges currently at $929! - page 2. (Read 2703 times)
Well the price will even drop more , it may go down to 800$ .in this case i would say that people should buy bitcoins because it is the best time to buy the bitcoins and keep a target when to sell .the main problem is that within hours the price can drop a lot and u sometimes dont get the desired price for selling.
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.
It basically because the number of buyers are less than number of sellers .
That's funny, because that's the explanation I always give for price movements, and it explains them pretty damn well. You must have read Jesse Livermore's book. But that's basically it, more sellers than buyers and the pressure on the price is downward. As to why...who knows. People may be sick of all this debate and perhaps see that bitcoin sucks as a currency, and that it's unnecessary as such. It's still a great speculative instrument, though.
I agree that the worry concerning the potential hard fork is causing some people to transfer funds from Bitcoin to altcoins or fiat. We could see the price drop even further as they panic sell.
What's causing this drop?
And the media are publicising the bad news of bitcoin and it also gives more effect for those people to get more panic feels.
some news stories are saying it's going to $735!. Wow!
I dont think it will drop that far. It may drop to $800 but I dont think it will go down that far. There are many users of bitcoins and there are still new people coming, so it will never drop so low. I think they are just giving other people a chance to buy their bitcoins while the price are at the three digits.
they really buy the alt ... why ?
+17% for Bitcoin on Monday.
Good grief people pull up your panties and press on. Be fearful when others are greedy and be greedy when others are feartful - Warren buffet.
Let the price drop a bit buying opportunity. Panic sells, the dust will settle and eventually all will be well
Let the price drop a bit buying opportunity. Panic sells, the dust will settle and eventually all will be well
I hope that the drop will not go more in below $900 or even exact in $800 is enough i think since we are just seen the price of bitcoin last year is above $700 .. and this is a new level of bitcoin that can stay for too long. When ETF is rejected. that honestly its looks like a props just to stay the bitcoin high for now.. before they attack to sell all their bitcoins..
some news stories are saying it's going to $735!. Wow!
This has been predicted for some time now $700-800 range. There are forces which would like to see sub $500 to bring miners to their knees and a conclusion of the blocksize debate.
Some miners need to be kicked in the balls with steel toe boots.
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Great answer
some news stories are saying it's going to $735!. Wow!
This has been predicted for some time now $700-800 range. There are forces which would like to see sub $500 to bring miners to their knees and a conclusion of the blocksize debate.
Some miners need to be kicked in the balls with steel toe boots.
some news stories are saying it's going to $735!. Wow!
This has been predicted for some time now $700-800 range. There are forces which would like to see sub $500 to bring miners to their knees and a conclusion of the blocksize debate.
some news stories are saying it's going to $735!. Wow!
some news stories are saying it's going to $735!. Wow!
It is a cauldron of sharks out there right now.
ETH or DASH has absolutely no advantage over bitcoin core, they are randomly chosen by the greedy sharks to lure people in.
This recent dump has no reason or whatsoever. It is a manipulation that's all. Just don't fall for it, hold your bitcoins tight and all will be fine.
ETH or DASH has absolutely no advantage over bitcoin core, they are randomly chosen by the greedy sharks to lure people in.
This recent dump has no reason or whatsoever. It is a manipulation that's all. Just don't fall for it, hold your bitcoins tight and all will be fine.
It has always been the same -- panic results in people dumping like there is no tomorrow, where they buy back at higher levels when all drama has been left behind. It's called sell low buy high. I am watching the price go down with great interest as it's quite tempting to buy back some coins I sold at +$1200 levels. I will pull the trigger if the price dumps under $900 as I am not really in need of any coins right now. It feels good to sit on my fiat for a longer while.
actually i don't know what is happen in out there and i only watch something in the market, i think its because supply and demand in market have big gap and there is people which have much of bitcoin giving a support into the market so this could be make the market have much of bitcoin and the price is now down in under $1xxx. its about the economy law, when the supply is more big than demand, then the price will be drop and its the same with what happen for high demand then the price will be high too. i can only thinking like this since i don't know until the details info about hard fork, the proof-of-work algorithms, who is the investors, the miners, its too far for myself which is still new person in bitcoin industry.
The blocksize debate isn't the issue here. It's been going on for nearly 2 years and BTC's price has been rising most of the time. What's scaring everybody is that we've finally come to the point where real decisions may be taken. Some people are talking of a hard fork, while some others are talking about updating the proof-of-work algorithms which are at the roots of BTC. These are major changes, and investors don't like change... Even when most users agree that changes are badly needed.
You have to think long term. Price may keep on going down before the future is visible.
You have to think long term. Price may keep on going down before the future is visible.
This belongs on the Speculation board, or better yet just joining one of the already dozen or so existing threads in the Speculation section. Oh how I miss newbie jail.
oh just stop being a bad sport.
It is a cauldron of sharks out there right now.
ETH or DASH has absolutely no advantage over bitcoin core, they are randomly chosen by the greedy sharks to lure people in.
This recent dump has no reason or whatsoever. It is a manipulation that's all. Just don't fall for it, hold your bitcoins tight and all will be fine.
ETH or DASH has absolutely no advantage over bitcoin core, they are randomly chosen by the greedy sharks to lure people in.
This recent dump has no reason or whatsoever. It is a manipulation that's all. Just don't fall for it, hold your bitcoins tight and all will be fine.
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