Nearly $2 billion has been wiped off bitcoin’s value in three days

Kakmakr

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Quote from: FiendCoin on March 18, 2017, 01:03:34 PM

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork.

Headline from the front page of Yahoo.com

Source: https://www.yahoo.com/finance/news/nearly-2-billion-wiped-off-121914544.html

This is why BTU needs to go away and the scaling wars need to end. How far will the value of BTC drop should this clusterfuck continue?

You are missing the whole point of this. Just follow the money and you will see what is being done. Bitcoin's price goes down, while Dash & ETH price goes up. Roger Ver back Dash in a interview and with subtle hints attack Core developers. So is this not strange at all?

You will soon see a price corrections when these people start dumping Dash & ETH and starts to pump BTC again. There are people making tons of money, by manipulating Crypto currencies.

Schuyler

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Quote from: nydiacaskey01 on March 19, 2017, 11:09:39 PM

If it's bad news for sure the media will come up with an article about Bitcoin and they are very good in creating a good headline that will make those who are still curious about Bitcoin to think twice before diving into the Bitcoin world. Media is not helping with the growth of Bitcoin but instead its helping spread bad news about it.

Bad news always sells better and makes more noise, that is why the media is pouncing on every opportunity that they can get. Although the market cap has substantially decreased over the last week or so, the long term trend is still pretty much intact. Now, if only those media outfits look at it the same way we do, I am sure something better is going to come out of this.

nydiacaskey01

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If it's bad news for sure the media will come up with an article about Bitcoin and they are very good in creating a good headline that will make those who are still curious about Bitcoin to think twice before diving into the Bitcoin world. Media is not helping with the growth of Bitcoin but instead its helping spread bad news about it.

RoommateAgreement

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Bazinga!

all of this because of a series of stupid FUD and the funny part of it is that traders who sold to make the panic happen don't even care about that topic, they actually would love a hypothetical situation in those FUDs to happen so that they can make even more money and in fact they are going to buy even more bitcoin to have more coins in case that FUD happens. Cheesy

leowonderful

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Quote from: BitMaxz on March 19, 2017, 07:04:18 PM

Its nearly a week when i'm not active because i have some important do with my papers.. and now i just check and online the price has huge drop from the top of the mountain landslide to $1,000 below..
$2 billion such a large amount of money i could not imagine that the price will crash in this week.

Well, we're now back above 1000USD and it's likely not a dead cat bounce this time so it's looking good so far. Bitcoin is naturally volatile and if you can't deal with it, it's not for you. It's likely we will now rise back up again but I'd wait a few hours and see for sure if the trend isn't going down again.

BitMaxz

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Its nearly a week when i'm not active because i have some important do with my papers.. and now i just check and online the price has huge drop from the top of the mountain landslide to $1,000 below..
$2 billion such a large amount of money i could not imagine that the price will crash in this week.

The Sceptical Chymist

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$2 billion gets wiped off (or added to) the market value of Coca-Cola stock all the time. True, bitcoin has a much smaller 'market value', but there's no need to fret over this. Volatility is the name of the psychotic game we're all playing with this crazy peer-to-peer currency we know as bitcoin. It's nothing. Fucking buy more and move on.

vegito

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The market is probably not happy with the things that have been happening lately, but no doubt there was a lot of panic selling on it. Bitcoin is recovering anyway...

FiendCoin

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The devil is in the detail.

Quote from: 600watt on March 19, 2017, 04:10:04 PM

Quote from: JavaLove on March 19, 2017, 03:57:08 PM

Quote from: kwukduck on March 18, 2017, 02:03:27 PM

Quote from: JavaLove on March 18, 2017, 01:32:43 PM

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

Stop spreading lies. What's the deal with all these lying core shills?
BU is real and rapidly growing numbers of nodes and miners, they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

I'd like to be clear that I am no shill for the core. I suppose you could call me a shill for the truth.

You're right that there is a rapid growth in the number of miners using BU. It's real and there should be a general overview on it. However, it will not have an impact on the future of Bitcoin. What we are seeing is a new altcoin that is emerging that will swipe the markets. It will be turbulent for the community, but we'll be able to adjust.

I believe that there won't be enough miners willing to vote on a consensus -- but enough willing to mine for BU. Does that mean a hard fork won't happen? Of course not, there could be one at any time right now, but we must acknowledge the fact that either way the Bitcoin community will not be cut into two. Either way, Bitcoin and its core will emerge as the winners, as it always has.

Also, just a quick sidenote, Kwukduck has been around for years claiming the end of our currency would be coming. A year ago he said the price would never go past $400 for Bitcoin and look where we are now. I am no shill - I just tell the truth.

wait, kwukduck went from "bitcoin is doomed" to the BU side of seeing it? if i was a BU supporter THIS would get me concerned... Cheesy

The only thing that has changed is kwukduck's employer lol

600watt

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Quote from: JavaLove on March 19, 2017, 03:57:08 PM

Quote from: kwukduck on March 18, 2017, 02:03:27 PM

Quote from: JavaLove on March 18, 2017, 01:32:43 PM

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

Stop spreading lies. What's the deal with all these lying core shills?
BU is real and rapidly growing numbers of nodes and miners, they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

I'd like to be clear that I am no shill for the core. I suppose you could call me a shill for the truth.

You're right that there is a rapid growth in the number of miners using BU. It's real and there should be a general overview on it. However, it will not have an impact on the future of Bitcoin. What we are seeing is a new altcoin that is emerging that will swipe the markets. It will be turbulent for the community, but we'll be able to adjust.

I believe that there won't be enough miners willing to vote on a consensus -- but enough willing to mine for BU. Does that mean a hard fork won't happen? Of course not, there could be one at any time right now, but we must acknowledge the fact that either way the Bitcoin community will not be cut into two. Either way, Bitcoin and its core will emerge as the winners, as it always has.

Also, just a quick sidenote, Kwukduck has been around for years claiming the end of our currency would be coming. A year ago he said the price would never go past $400 for Bitcoin and look where we are now. I am no shill - I just tell the truth.

wait, kwukduck went from "bitcoin is doomed" to the BU side of seeing it? if i was a BU supporter THIS would get me concerned... Cheesy

1Referee

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Quote from: kwukduck on March 18, 2017, 02:03:27 PM

What's the deal with all these lying core shills?

I can better say; what's the deal with all these fudding and fake supporting BU shills?

Quote from: kwukduck on March 18, 2017, 02:03:27 PM

BU is real and rapidly growing numbers of nodes

BU nodes growing? You mean wealthy entities hosting nodes through data centers to give noobs the impression that their artificially created node count is real?

Quote from: kwukduck on March 18, 2017, 02:03:27 PM

they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

Not that close, but still, close doesn't mean it will really happen. Don't start counting your profits already.

JavaLove

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Quote from: kwukduck on March 18, 2017, 02:03:27 PM

Quote from: JavaLove on March 18, 2017, 01:32:43 PM

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

Stop spreading lies. What's the deal with all these lying core shills?
BU is real and rapidly growing numbers of nodes and miners, they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

I'd like to be clear that I am no shill for the core. I suppose you could call me a shill for the truth.

You're right that there is a rapid growth in the number of miners using BU. It's real and there should be a general overview on it. However, it will not have an impact on the future of Bitcoin. What we are seeing is a new altcoin that is emerging that will swipe the markets. It will be turbulent for the community, but we'll be able to adjust.

I believe that there won't be enough miners willing to vote on a consensus -- but enough willing to mine for BU. Does that mean a hard fork won't happen? Of course not, there could be one at any time right now, but we must acknowledge the fact that either way the Bitcoin community will not be cut into two. Either way, Bitcoin and its core will emerge as the winners, as it always has.

Also, just a quick sidenote, Kwukduck has been around for years claiming the end of our currency would be coming. A year ago he said the price would never go past $400 for Bitcoin and look where we are now. I am no shill - I just tell the truth.

Alesis

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Quote from: BrewMaster on March 18, 2017, 01:07:07 PM

Quote from: FiendCoin on March 18, 2017, 01:03:34 PM

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a ~~fork.~~ FUD

FTFY.
there is no fork, there never was and the possibility of a fork is too small at the moment.

people seriously need to check their facts. it is only 30% of mining power right now and there is no guarantee of it growing and it may never grow just like other XT, Classic, etc.

if doesn't go up it is dead in the water and if by a small chance it goes up and reaches the majority consensus and fork happens properly, there will be no other chain. there will only be one chain. and bitcoin will continue on.

No, a fork is very possible in the near future. BU has quite a low rate for activation and would only realistically need about 55% of blocks to support it for a fork to actually happen to SegWit's ~95%.

xypos

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Quote from: FiendCoin on March 18, 2017, 01:03:34 PM

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork.

Headline from the front page of Yahoo.com

Source: https://www.yahoo.com/finance/news/nearly-2-billion-wiped-off-121914544.html

This is why BTU needs to go away and the scaling wars need to end. How far will the value of BTC drop should this clusterfuck continue?

We have to reach a consensus somehow although it is probably not going to happen for a long time.

Personally I've traded my bitcoins for fiat already before the crash at around $1200, so i'm in profit and i don't really care about whatever the market is going to do right now. It's a dangerous time, i'm not experienced in trading so i'm not going to try.

Hopefully bitcoin can recover to a $1000+ level again.

This isn't good for bitcoin at all, we were starting to talk about bitcoin becoming more stable...

Meuh6879

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Quote from: FiendCoin on March 18, 2017, 01:03:34 PM

Nearly $2 billion has been wiped off bitcoin’s value in three days

and we like this ... burn FIAT value.

freedomno1

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Quote from: FiendCoin on March 18, 2017, 01:03:34 PM

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork.

Headline from the front page of Yahoo.com

Source: https://www.yahoo.com/finance/news/nearly-2-billion-wiped-off-121914544.html

This is why BTU needs to go away and the scaling wars need to end. How far will the value of BTC drop should this clusterfuck continue?

Weak hands concerned about the ETF, the exchange announcements on the state of Bitcoin Unlimited and also the possibility of a doubling by forking.
So a lot of that is going to Alt-coins in exchange or people sold shorting Bitcoin after all on the knowledge people will panic on these type of things
Either way long alt or short btc are profit till it stabilizes crazy Ethereum and Dash rallies.

alyssa85

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Quote from: mindrust on March 18, 2017, 02:05:59 PM

That 2 billion $ shouldn't have existed in the first place. They were there because of the ETF hype and now the hype is gone that 2B$ is also gone. Fork debates only made it faster.

Check the charts after the ETF decision. It dropped like %20 or something in seconds. (1040$) A smart person would know that recovery from 1040 won't last long.

This. When the price did it's fake bounce after the ETF was denied, smart folk took the opportunity to sell.

AT101ET

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I stopped using Yahoo as a news source long ago for numerous reasons including their terrible articles.
What significance does this have? The news outlets always focus on the wrong points and portray BTC in the negative light.
There's a much bigger picture that needs to be painted which is not limited to whether or not the BU have any say over a potential fork.
Yahoo clearly needed content to publish so settled on this out of urgency.

mindrust

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That 2 billion $ shouldn't have existed in the first place. They were there because of the ETF hype and now the hype is gone that 2B$ is also gone. Fork debates only made it faster.

Check the charts after the ETF decision. It dropped like %20 or something in seconds. (1040$) A smart person would know that recovery from 1040 won't last long.

kwukduck

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Quote from: JavaLove on March 18, 2017, 01:32:43 PM

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

Stop spreading lies. What's the deal with all these lying core shills?
BU is real and rapidly growing numbers of nodes and miners, they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

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