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Topic: dropping value - page 12. (Read 5029 times)

hero member
Activity: 812
Merit: 500
September 16, 2017, 01:33:22 AM
The value is not dropping. It's Rhapsody early morning hours and then it goes right back up and hours to follow. That is a price fluctuation not a price drop. Stating this price dropping makes it sound like there is something wrong and there is nothing wrong. You can see little movement upwards now and we are again moving towards 4000$ plus.
sr. member
Activity: 882
Merit: 269
September 16, 2017, 01:09:07 AM
what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,
That is what the promoter of this evil fake news what traders to do,  selling off they bitcoin and others coins out of panic. I don't think that the right thing to do now is selling but buying. Bitcoin has not lose it value significantly like others illiquid assets that face the same attack bitcoin is having now including the almighty USD. If you can not buy now then hold the one you have! Bitcoin and others cryptocurrency has started moving up again and very soon we would resume another upward movement.
sr. member
Activity: 491
Merit: 250
September 16, 2017, 12:54:02 AM
In this year 2017 JP Morgan CEO Jamie Dimon called bitcoin as fraud and China bans ICOs and other Crypto exchanger, bitcoin price drop from 4900 to 2900 USD. In 2014 Warren Bufett called bitcoin as mirage and the downfall of silkroad and mtgox exchange bitcoin price drop from 1500 to 800 USd. As we track the history of bitcoin price chart, cycles do exist but still it always recover and continue to soar high. if you think that bitcoin is going down, there's no need to worry, we just have to get used to it, be optimistic all the time.
I am happy that at least still there are some people who believe in bitcoins when the biggest market of bitcoins is banning them. This decrease in values is temporary and I don’t think so we should be afraid of this little misfortunes. This chaos is soon going to end and again bitcoins will be at high price.
full member
Activity: 364
Merit: 101
September 15, 2017, 09:33:31 PM
I just don't like this most recent bounce... I don't have any good reason, but I don't trust it will last.
full member
Activity: 322
Merit: 116
September 15, 2017, 09:29:57 PM
I believe that the continuous decline in bitcoin price is due to China's shutting down orders of bitcoin exchanges. Many people in the country would have probably sold their bitcoin in panic, added to the fact that many bitcoin mines were in China.

See it an opportunity for you to buy bitcoin since the price is low, you would have a greater return once the bitcoin price recovers.
sr. member
Activity: 584
Merit: 256
September 15, 2017, 02:28:11 PM
it doesn't matter really, for the last seven days, Bitcoin has received a lot of alarming news from the chinse government and monetary authority. they have a specific mission regarding Bitcoin but they are going to ban Bitcoin for good. they are analyzing the prospect and making a plan in order to regulate properly this platform in the china. but some big Chinese Bitcoin fishes got scared or they are trying to hide under this circumstance.

That is why some people become has been afraid of this current situation. For me, this is another market mechanism for boosting up it Price. Under this circumstance, every Bitcoin users should be more aware not to sell thier bitcoin at a low price.
hero member
Activity: 564
Merit: 500
September 15, 2017, 01:39:47 PM
I can't believe people are making threads about this.

As long as bitcoins has excisted, prices have gone up and down. It's in the nature of bitcoin. If supply is larger then demand, then the price will drop until demand is larger then supply, when the price will rise again.

You shouldn't convert you bitcoin. Just hold on, and wait until the price will rise again (which will happen).

Bitcoin has not moved this large this fast. These price swings are ridiculous even by bitcoin standards. It dropped $1800 in about 7 days, and mind you that's a larger drop than bitcoin has been worth for the vast majority of its life. A 35% drop (roughly) in a week! We've seen that kind of drop before on a percentage basis (rarely though), but never that magnitude in terms of dollars. And now this morning, bitcoin surged about $900 in 4 hours. Again, a larger price movement in four hours than what bitcoin has been worth for the majority of its life. These movements don't correlate to supply and demand for the coin, but people speculating/gambling/flipping the currency. Chalking this up to "oh, that's supply and demand for ya" is overly simplistic to the point of being semantically true and of zero value.

This bounce actually has the potential to harm, as it's just training a lot of monkeys on these boards that anytime it goes down, that means it's about to go up, so sink all your money into it. That's not how it works, and you're taking on a huge risk you don't even understand in thinking it is.

The part that got me thinking is the last paragraph of your message and that needs serious attention for anyone who means business and its equally a risk at that. Bitcoin price will rise again is based on assumption but what we fail to account for is "at whose expense" or " who is calling the shots" the erratic price level in the last couple of hours is what I seem not to understand but with the way its going, I guess we all need to watch a little more before taking a decision.
All happens are by the rumor from the Chinese market!
The price of Bitcoin and Altcoin have recovered now just by OKcoin and Hunbi exchange consider again about close their exchange in next time Grin
sr. member
Activity: 476
Merit: 254
September 15, 2017, 01:07:12 PM
I can't believe people are making threads about this.

As long as bitcoins has excisted, prices have gone up and down. It's in the nature of bitcoin. If supply is larger then demand, then the price will drop until demand is larger then supply, when the price will rise again.

You shouldn't convert you bitcoin. Just hold on, and wait until the price will rise again (which will happen).

Bitcoin has not moved this large this fast. These price swings are ridiculous even by bitcoin standards. It dropped $1800 in about 7 days, and mind you that's a larger drop than bitcoin has been worth for the vast majority of its life. A 35% drop (roughly) in a week! We've seen that kind of drop before on a percentage basis (rarely though), but never that magnitude in terms of dollars. And now this morning, bitcoin surged about $900 in 4 hours. Again, a larger price movement in four hours than what bitcoin has been worth for the majority of its life. These movements don't correlate to supply and demand for the coin, but people speculating/gambling/flipping the currency. Chalking this up to "oh, that's supply and demand for ya" is overly simplistic to the point of being semantically true and of zero value.

This bounce actually has the potential to harm, as it's just training a lot of monkeys on these boards that anytime it goes down, that means it's about to go up, so sink all your money into it. That's not how it works, and you're taking on a huge risk you don't even understand in thinking it is.

The part that got me thinking is the last paragraph of your message and that needs serious attention for anyone who means business and its equally a risk at that. Bitcoin price will rise again is based on assumption but what we fail to account for is "at whose expense" or " who is calling the shots" the erratic price level in the last couple of hours is what I seem not to understand but with the way its going, I guess we all need to watch a little more before taking a decision.
legendary
Activity: 2044
Merit: 1115
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September 15, 2017, 12:19:50 PM
I can't believe people are making threads about this.

As long as bitcoins has excisted, prices have gone up and down. It's in the nature of bitcoin. If supply is larger then demand, then the price will drop until demand is larger then supply, when the price will rise again.

You shouldn't convert you bitcoin. Just hold on, and wait until the price will rise again (which will happen).

Bitcoin has not moved this large this fast. These price swings are ridiculous even by bitcoin standards. It dropped $1800 in about 7 days, and mind you that's a larger drop than bitcoin has been worth for the vast majority of its life. A 35% drop (roughly) in a week! We've seen that kind of drop before on a percentage basis (rarely though), but never that magnitude in terms of dollars. And now this morning, bitcoin surged about $900 in 4 hours. Again, a larger price movement in four hours than what bitcoin has been worth for the majority of its life. These movements don't correlate to supply and demand for the coin, but people speculating/gambling/flipping the currency. Chalking this up to "oh, that's supply and demand for ya" is overly simplistic to the point of being semantically true and of zero value.

This bounce actually has the potential to harm, as it's just training a lot of monkeys on these boards that anytime it goes down, that means it's about to go up, so sink all your money into it. That's not how it works, and you're taking on a huge risk you don't even understand in thinking it is.
full member
Activity: 378
Merit: 100
September 15, 2017, 12:04:02 PM
what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,

You do not need to keep worrying, now it has come up again, look back on what happened, it went down very quickly, the panic seller was the one who caused it. So, we need to be calm in every situation.
full member
Activity: 126
Merit: 100
September 15, 2017, 11:59:39 AM
what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,
It is true that the price of bitcoin is going down or continue in its descending but what I can say is, its normal, it is normal for any currency to fluctuate, either cryptocurrency or fiat money, and we already seen that and know that. So nothing to be alarmed too much, trust in bitcoin, bitcoin has been there that sometimes it's price is gradually descending and suddenly it will grow up rapidly and even higher value. Don't let your emotion dictate what to do, believe in bitcoin. Don't give up on your bitcoin, it will grow rapudly again as it was.

yeah i agree that this is a normal dumping price of bitcoin bcoz government want to hold of bitcoin i think the governmennt want to try this bitcoin thats why price of bitcoin is dumping bcoz of the government want to buy a cheaper bitcoin.
full member
Activity: 266
Merit: 122
September 15, 2017, 11:21:21 AM
Its starting to pump again I hope you haven't converted all your earnings yet because you might regret it...you should have known that fluctuations in bitcoin value is just a normal happenings and that every drop it experience will have a counterpart of rising value. Just be patient and trust bitcoin
sr. member
Activity: 616
Merit: 250
September 15, 2017, 10:57:33 AM
what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,
Bitcoin will rise again and that is for sure maybe this is just the affect of the china banning some ico's maybe they are withdrawing all of their bitcoins because there is no exchangers their. and that will absolutely affect the bitcoin price a little later for sure it will increase again.
full member
Activity: 238
Merit: 108
September 15, 2017, 10:45:41 AM
Don't start the panic selling mode this drop is not for long surely after few more days bitcoin will recover and may probably give a good pump so better hold your bitcoin for a while and wait for the pump or else you will regret it
full member
Activity: 361
Merit: 137
September 15, 2017, 10:25:35 AM
Could we see recovery soon? I will follow the market closely this weekend...
sr. member
Activity: 770
Merit: 268
September 15, 2017, 10:17:35 AM
what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,


MAKE OR BREAK
Bitcoin price is heavily influenced by China's newsl these days.
Will the rest of the world manage to lift it up?
for me, just......HODL!!!
At this moment HODL is the better opportunity if you are already had not converted the bitcoin to  fiat currency while downfall was just started. In that case it would have been much profitable to just buy selling at high and purchasing at lower rate. We all have great trust in the pricing.
As far china thing is concerned I think it is happening for betterment of bitcoin world. Because once for all bitcoin world will get out on its own without having monopoly of one country. if btc manages to get out of this (which it will) then it would set great example of how bitcoin has it's own strength out side china or for that matter specific one country.
full member
Activity: 322
Merit: 217
September 15, 2017, 10:10:50 AM
what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,

Relax man, everything gonna be alright. This is just long-therm correction, market requires it, course already was very overheated and bubbled, besides it will be easier for newcomers to jump BTC train on lower price.
hero member
Activity: 994
Merit: 504
September 15, 2017, 10:07:40 AM
what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,


MAKE OR BREAK
Bitcoin price is heavily influenced by China's newsl these days.
Will the rest of the world manage to lift it up?
for me, just......HODL!!!
hero member
Activity: 798
Merit: 506
September 15, 2017, 10:04:54 AM
China is big investments and after they bnned BTC I am sure btc down more i hope btc recover but will bee very hard
i hope btc not die after china banned them

I am waiting if China govs will ban bitcoin, bitcoin price may fall to $2000.
But bitcoin will not die obviously, Grin, how could you said that. lol

Bitcoin still tanks above $3400 right now, maybe people already start to buy back.
It's amazing when the news about China will shut down exchanges influence people to massive sell their bitcoin, like a proof that bitcoin just a bubble.
Whenever bad news occurs, bitcoin price will fall because people panic sell and traders just want to get profits from other people who panicking.
sr. member
Activity: 560
Merit: 286
September 15, 2017, 09:57:55 AM
China is big investments and after they bnned BTC I am sure btc down more i hope btc recover but will bee very hard
i hope btc not die after china banned them
Yes it is temporary investors should not be panic and wait for the rise again to get their profit pocket filled again. Holding coin will give advantage nowadays and this time will be  gone  soon and good time will come and bitcoin is now leading digital currency ALL over the world so this will rise again and give a lot of profit to those who will not be in hurry so don’t miss any chance and have faith in bitcoin.
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