Topic: BTC Price FLASH CRASH! - page 3. (Read 7026 times)

At that time if you are in wrong fork, your coins may disappear. That is the main reason for panic selling.

Yes, everyone keep calm and watch your bankroll shrink. Good advice! Everyone keep calm while i be panicselling over here!

The bitcoin price is not crashed. The actual value is the value that it has until 7 months (with the normal ups and downs). Never in his story the bitcoin price it was so stabilized. So I don't think your that your fear is justified.

I absolutely can.


selling pre-fork coins now because people going to panic later and once fork occures the coins are worthless already of course - not after the fact but beforehand.
You might find it strange that people prefer their money over having "twice as many coins"

Gavincoin into your anus

The rekt is real.
Shit's going to be sold down very far imo. No buyers, just sellers.

You cult follwers going to learn the hard way that blockspace isn't scarce at all...

https://twitter.com/paradimeshift



Wow! You're right! That dude could spot orange light years away.

They both use same blockchain. There is no difference. The drama is meant to confuse you.

Made me look at the price and sure enough... Now, I guess I have to read this thread. Thanks, bud.  

Bitcoin is over after Bitcoin XT ? I'm confusing BTC now 

Let's be frank, only some percent of bitcoin users know the situation to the point that they are know exactly what is going on.
While majority don't know the situation and are afraid that their bitcoins will be useless in the future when fork will be split or some bullshit like that happen.

I don't understand, why selling pre-fork coins now? I just bought some cheap coins. Even there is a fork in near future, I would reserve the right to sell the coins on the chain that I don't like

Because, without BTC there are no Crypto Currencies.

Can we imagine Crypto Currencies without Bitcoin?

https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash

Interesting point of view; and the only one making some sense to begin with.
Even though it draws a really scary scenario, it might be what's truly at stake...

Something like this happens whenever there is doubt in the bitcoin community.
Once upon a time it used to happen in the upwards direction too

How did that work out for you? Missed the flash rise again? Bad idea I bet.

No. That's the funny thing. they weren't cheap everywhere at all, just on bitfinex. The other exchanges hardly moved.

Noone sensible would have sold on bitfinex at those low prices.
That's why it was clear it was a costly attack to margin call the longs (and yes, to buy them back at a low price).

  "His" disappearance is rather an amusing concept..... sort of like stating that you saw a ghost that was vaporous.  LOL

LOL - watching this discussion panic is amusing.   You've got conspiracy theorists, bitcoin haters, panicky investor types, technical theorists, and general hand wringers coming out of the woodwork  And a few good comments also.

I can think of several reasons for what is going on.

1)  It could be related to the news coming out about the ItBit Bankchain Project.
ref: < http://www.newsbtc.com/2015/08/14/itbit-bankchain-project-based-on-distributed-ledger-not-bitcoin/ >

Let's face it - the Powers that Be are investing and focusing on the Blockchain.  Maybe there is behind the scenes knowledge that this is the breakout of a "Fiat Version Bitcoin" and people are dumping.   I mean - the story does imply that BIG financial institutions are committing to this "Non-Bitcoin Blockchain".  I think that is one scenario that is the scariest.  It's the elephant in the room that no one really talks about - the fact that it could happen.  It could happen repeatedly actually - several versions "Fiat Like Bitcoins" popping up in global regions.  Question is - would Bitcoin remain as the central Coin that binds them all?

2) Maybe "Satoshi" is dumping.   I mean, this is Satoshi's baby.  Let's face it - one of the biggest threats to the endgame Global Success of Bitcoin - would be too few controlling too much of the Bitcoin Supply.  Up and Down Waves where Bitcoin becomes more distributed amongst the masses makes for greater long term stability and strength of the Bitcoin System.  So maybe this was seen as simply an opportune moment to coincide and shake things up.  I mean - do you see the Spike Selling that is continual?  All it is is the broader expansion of Bitcoin into the global human community.  All part of the plan.  Do you really think "Satoshi's" great plan was to get a few of you rich.  

3) And as far as the Bitcoin vs Bitcoin XT thing goes - it'll get worked out.  And Bitcoin XT will prevail for the simple reason that for Bitcoin to survice to it's potential - it must.   As a matter of fact - if Bitcoin doesn't evolve to be able to handle all the blockchain ledger transactions that the big fiat guys are drooling over - then they REALLY WILL WIN, and ultimately develop their own "Fiat Bitcoin.

My guess is it's all good - unless you are in for the short run.

Peace, - d

Yeah, it is indeed bargain prices. Might get even cheaper until this XT thing comes to pass.