Cause of Bitcoin Drop (7/14/2017) | Bitcointalksearch.org

Siren

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Quote from: ayeshajum07 on July 17, 2017, 06:03:37 PM

Speculation on the segwit are the most common cause of the descending value not only in bitcoin.

Anyone are worried on what would be the outcome after the segwit.

Yes, the segwit2x really cause a lot of panic to most of us and plus you will see a lot of media buzz around it sowing more worries to the casual investors. It bring chaos to the market causing a big dip in price. But today it looks like a positive price. Maybe a lot has been buying bitcoins again because the price is low and cheap. Let's just wait once everything has settled down if the price will dip again or it will touch $3000 again but this time, it will be sustain.

Phyton76

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Quote from: neon_colors01 on July 15, 2017, 04:58:10 AM

I see a sharp drop on bitcoin and not only btc but also other alt coins including eth, xrp, ltc, xmr
What cause bitcoin drop now?
or should I say the sudden coin drop of all.
Can anyone share some news?

Should I buy now?
It's pretty low already or wait for a while.

thanks guys.

I guess the main reason is because there are so many investors was afraid to lose there money in bitcoin because august 1 is already near so a lot of investor i guess sell there holding and then the price continue to go down and then a lot of investor again reinvest because it become dump so the price again back up to average value.

ayeshajum07

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Speculation on the segwit are the most common cause of the descending value not only in bitcoin.

Anyone are worried on what would be the outcome after the segwit.

jzale

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Reading all of the opinions here is reassuring. I'm thinking of what really is the right thing to do with this segwit coming on August. I should keep my coins and buy some more since there is a guarantee that the bitcoin will rise again. Just patience and faith guys!

ice098

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Quote from: ?? on ??

Bitcoin price will keep falling 2 weeks more. For sure there is a good buying opportunity there.
80 % of the marketcap of total crypto market comes from the people who just joined for gain reasons and they have no idea about how cryptocurrencies work. and they even dont understand how come they can have intrinsic value. but it doesnt matter for them because they earn money. However if prices fall they are first to abandon the ship because they think the price can go down to ZERO. no surprise that price falls sharply. But it is a good think for the people who has a deep understanding of world. Many investors think that bitcoin is a ponzi. Thats true actually but another fact is that Fiats, governments even the college degree is a ponzi as well. think about it

This could be in this month only i believe that by the next month it will be good again and we will bring back our profit in all our investment in btc and in alt. Lets wait it now.

Vikingr

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Quote from: JohnBitCo on July 16, 2017, 05:19:33 AM

Quote from: ?? on ??

Bitcoin price will keep falling 2 weeks more. For sure there is a good buying opportunity there.
80 % of the marketcap of total crypto market comes from the people who just joined for gain reasons and they have no idea about how cryptocurrencies work. and they even dont understand how come they can have intrinsic value. but it doesnt matter for them because they earn money. However if prices fall they are first to abandon the ship because they think the price can go down to ZERO. no surprise that price falls sharply. But it is a good think for the people who has a deep understanding of world. Many investors think that bitcoin is a ponzi. Thats true actually but another fact is that Fiats, governments even the college degree is a ponzi as well. think about it

No matter how they treat it, the real investors will always take this as a positive sign to buy more coins which they are cheap. One thing which is missed by most is that bitcoin is digital currency and future is only of Digital.

Exactly "Bitcoin is a future currency". Because it has changed the life style of developer to cash out the bitcoin into fiat money. It has also changed the slow and high fees system of dollars. If we are having bitcoin and want to withdraw so we can cash out our bitcoin into fiat money in a less fees than payoneer cards etc.

BitcSeo

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Quote from: Zemangat on July 15, 2017, 06:05:11 AM

Bitcoin prices will decline due to the many investors who fear will occur segwit in August. Most of them sell their bitcoin because they are afraid of losing a lot. I think you have to sell some of your bitcoin, not everything .. leave half. Because bitcoin will return to normal after August. Use this to buy bitcoin. So that later you earn a lot of profits when bitcoin prices back to normal

@Zemangat, point of correction, most investor's will not sell their coin. They will hedge it into other precious material's like gold,diamond..ecc whose prices are more stable until there is little assurance & confidence of trade/saving within the bitcoin niche

Thanks

micher143

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Quote from: neon_colors01 on July 15, 2017, 04:58:10 AM

I see a sharp drop on bitcoin and not only btc but also other alt coins including eth, xrp, ltc, xmr
What cause bitcoin drop now?
or should I say the sudden coin drop of all.
Can anyone share some news?

Should I buy now?
It's pretty low already or wait for a while.

thanks guys.

It is said to be and also brought by news, rumors and speculations that it is due to the upcoming event which will happen within a week or two weeks from now which is Segwit fork. It is still a mystery for everyone of what will happen before and after the said event. The sudden price drop of bitcoin value must not alarm us users because it will suddenly pump up to normal or the best thing is that it will reach its highest price peak.

Casdinyard

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Leading Crypto Sports Betting and Casino Platform

Quote from: Smarty14392 on July 16, 2017, 03:09:02 AM

because of August 1 BIP48
I thunk the bitcoin price will continue falling down and it will rest below 1500$ at the end of this week. But after August 1 it may take a sudden jerk orelse it may also get much low. We can wait and watch what happens after August 1. If you want to purchase bitcoins, you can wait a little more untill the price is dropped more and then you can purchase it when the price is quite low. According to me, purchasing bitcoin in some days will surely be profitable.

Yes this is the the best opportunity to buy coins and get some decent profit. Many are afraid what will happen if the chain will split and if bitcoin will dump or become less valuable. But I think bitcoin will never get that too low as many known investors are into bitcoin and they will not let happen to lose precious coin in just because of the activation.

JohnBitCo

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Quote from: ?? on ??

Bitcoin price will keep falling 2 weeks more. For sure there is a good buying opportunity there.
80 % of the marketcap of total crypto market comes from the people who just joined for gain reasons and they have no idea about how cryptocurrencies work. and they even dont understand how come they can have intrinsic value. but it doesnt matter for them because they earn money. However if prices fall they are first to abandon the ship because they think the price can go down to ZERO. no surprise that price falls sharply. But it is a good think for the people who has a deep understanding of world. Many investors think that bitcoin is a ponzi. Thats true actually but another fact is that Fiats, governments even the college degree is a ponzi as well. think about it

No matter how they treat it, the real investors will always take this as a positive sign to buy more coins which they are cheap. One thing which is missed by most is that bitcoin is digital currency and future is only of Digital.

Sarah08

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Activity: 238

Merit: 100

Quote from: neon_colors01 on July 15, 2017, 04:58:10 AM

I see a sharp drop on bitcoin and not only btc but also other alt coins including eth, xrp, ltc, xmr
What cause bitcoin drop now?
or should I say the sudden coin drop of all.
Can anyone share some news?

Should I buy now?
It's pretty low already or wait for a while.

thanks guys.

I guess until august 1 the bitcoin price will continue to go down because i guess a lot of investor is afraid to take the risk in august so they are selling there bitcoins and the holders is getting low that cause the bitcoin market value to continue to go down but also i also predict thay the bitcoin price will pump in august.

BarbieCasino

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Quote from: neon_colors01 on July 15, 2017, 05:22:58 AM

wow, thanks sir glad to have your comment, it helps a lot before deciding

i accidentally bought coins in a high price, so i think ill wait a while for it before i can sell it in a fair price again.
I think there's a lot of changes because of the coming segwit

yes my humble opinion about your post is that if you bought bitcoins then you did a good job because bitcoin is now the most wanted currency and people wants to buy bitcoin but the availability of bitcoin is short now a days you are so lucky if you bought bitcoin and you have bitcoin with you now you can keep your bitcoin save till the most high price

Smarty14392

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because of August 1 BIP48
I thunk the bitcoin price will continue falling down and it will rest below 1500$ at the end of this week. But after August 1 it may take a sudden jerk orelse it may also get much low. We can wait and watch what happens after August 1. If you want to purchase bitcoins, you can wait a little more untill the price is dropped more and then you can purchase it when the price is quite low. According to me, purchasing bitcoin in some days will surely be profitable.

Pursuer

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Where is my ring of blades...

ah, the FUD, the panic sells, the shorters, all the annoyance is true if you look at the glass half empty. this is all a game to many who are trying to make more money from bitcoin. the games they play with the price and the scaling is just a toy that we gave them.
soon this game will end when we get SegWit activated and they will start playing a different game when there is a sharp green candle seen on the charts when price shoots up just because everyone finally figures out the mistakes they have made to fall for the game.

StevenRA

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It may well continue to drop. Worth pointing out that it's still holding value better than Ether and others, which have dropped much more steeply.

Victorycoin

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Quote from: mayax on July 15, 2017, 08:51:01 AM

Quote from: dennyd999 on July 15, 2017, 08:04:45 AM

Have bought BTC at this price..If fall more will by more latter.

150-200 usd would be a great price

Not a chance! Although drop in price of Bitcoin is imminient given the FUD in the air, however the situation is a whole lot different from 2013. Presently Bitcoin is having lot more stakeholders and investors that a dump to $150 - $200 is not feasible or imaginable. This is Bitcoin and not fiats or worthless altcoins in the hands of some opportunists, it takes demand and supply to move the price.

megynacuna

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Quote from: OROBTC on July 15, 2017, 05:04:33 PM

...

To me, it's all a probability thing. I am betting (I don't know anymore than anyone else here) that Bitcoin will likely get its scaling problems resolved by August 1 (or be very convincing that a good solution is coming really soon). If that is so, BTC prices will likely go up again, probably pretty quickly as confidence is restored.

Of course, if the developers and miners screw this all up, anything can happen (bad).

But there is so much money at stake in BTC remaining viable and with its high price that I believe sanity will prevail, and we'll be OK.

Buy (with funds you could afford to lose) at BTC under $2100. I will as soon as I am in a city (soon, on vacation).

I couldn't agree with you the more, it's likely going to be back up again after August 1 and all the doomsayers are going to swallow back their words as this hasn't been th first time Bitcoin has gone through such turbulence.

OROBTC

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...

To me, it's all a probability thing. I am betting (I don't know anymore than anyone else here) that Bitcoin will likely get its scaling problems resolved by August 1 (or be very convincing that a good solution is coming really soon). If that is so, BTC prices will likely go up again, probably pretty quickly as confidence is restored.

Of course, if the developers and miners screw this all up, anything can happen (bad).

But there is so much money at stake in BTC remaining viable and with its high price that I believe sanity will prevail, and we'll be OK.

Buy (with funds you could afford to lose) at BTC under $2100. I will as soon as I am in a city (soon, on vacation).

puddlejumperzz

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Every time it looks like the drop is over, it starts again. Bitcoin and ETH are at critical support levels right now.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: ankit10 on July 15, 2017, 12:27:27 PM

Hordfork is the reason of this big dump and this 1st august may be change the face of bitcoin world and coin.
You should wait now and to see market on 25 to 29 july if thr price get dump then don't buy and if price has not affected at large then sure buy some bitcoin and buy some bitcoins after 1st august.

Another great opportunity to stack up before the fork. If it ever happens it will be a trade of a lifetime:
Step one: wait for the Jihancoin to appear and be pumped, because they won't leave it as it is and try to pump for sure.
Step two: sell Jihancoin and profit.
Hold original BTC and profit again.

Topic: Cause of Bitcoin Drop (7/14/2017) (Read 3702 times)