The Bitcoin price is going Down....Any changes in your plan?

8Habits

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Quote from: BitcoinPC on August 09, 2016, 05:35:35 AM

Quote from: Manchumichael on August 03, 2016, 08:56:38 AM

Hello Everyone,

Since last 1 week, The Bitcoin price is going down. Last week it was 650$+, Now 550$+. I don't know for what reason it is going down. So because of this price down, is there any change in your future plan?

Yes, i have change my plan and that is, i have buy the bitcoins, because now bitcoin price is down so it is good opportunity to buy the bitcoins, ans secondly, i also know that after few weeks bitcoin price grew up and it will be a good chance to sell the bitcoins, but i don't think that any wrong affect of bitcoin price down in gambling.

In my case, if I have more spare money, I would buy bitcoin regularly regardless of its price because I am confident enough that few years or decades from now, bitcoin price will go high. Thus, I take growing bitcoin as a long term investment. The rest of my commercial transactions will be done by my regular fiat money.

BitcoinPC

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Quote from: Manchumichael on August 03, 2016, 08:56:38 AM

Hello Everyone,

Since last 1 week, The Bitcoin price is going down. Last week it was 650$+, Now 550$+. I don't know for what reason it is going down. So because of this price down, is there any change in your future plan?

Yes, i have change my plan and that is, i have buy the bitcoins, because now bitcoin price is down so it is good opportunity to buy the bitcoins, ans secondly, i also know that after few weeks bitcoin price grew up and it will be a good chance to sell the bitcoins, but i don't think that any wrong affect of bitcoin price down in gambling.

useless4

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Quote from: Capradina on August 06, 2016, 03:17:18 PM

Quote from: Alepaff on August 06, 2016, 03:06:55 PM

That was a new, that says that the Bitcoin price goes down because of a group of hackers, who have stolen 65 Millons of dollars in Bitcoin, 100.000 BTC.
Luckily it does not make any change in my plans

Yeah, I saw that the prices go down due to the events of the bitcoin bitfinex who lost hundreds of btc and their loss is around $ 65 Milion. This is truly a remarkable number, but it's not too give effect significant change, because not only will collapse bitcoin with theft. But the bitcoin will collapse if its users already do not want to use it

even though the prices went down it didnt have any impact on me right now, i hold my bitcoins i held and i gamble with the very same amounts of bitcoins

angaper

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I had been aside from the altcoin market for several days, and when I returned few days ago, I noticed this huge drop and I have to admit that I started to feel some uncertainty about the future of bitcoin, taking into account its high sensibility to this kind of eventual issues. But since I don't depend on bitcoin to make a living, I have decided to go on with my bitcoin savings and plans.

Capradina

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Quote from: Alepaff on August 06, 2016, 03:06:55 PM

That was a new, that says that the Bitcoin price goes down because of a group of hackers, who have stolen 65 Millons of dollars in Bitcoin, 100.000 BTC.
Luckily it does not make any change in my plans

Yeah, I saw that the prices go down due to the events of the bitcoin bitfinex who lost hundreds of btc and their loss is around $ 65 Milion. This is truly a remarkable number, but it's not too give effect significant change, because not only will collapse bitcoin with theft. But the bitcoin will collapse if its users already do not want to use it

lionheart78

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Quote from: Manchumichael on August 03, 2016, 08:56:38 AM

Hello Everyone,

Since last 1 week, The Bitcoin price is going down. Last week it was 650$+, Now 550$+. I don't know for what reason it is going down. So because of this price down, is there any change in your future plan?

Nope there is no changes in my plan. I never hold bitcoin and wait or it to increase in price. Rather, I invested it in trading altcoin. Trading altcoin my recover the lost fiat value of your BTC if you win in trading, further more if it multiply by several times you will end up winning even with the decline in price of BTC.

Alepaff

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That was a new, that says that the Bitcoin price goes down because of a group of hackers, who have stolen 65 Millons of dollars in Bitcoin, 100.000 BTC.
Luckily it does not make any change in my plans

crairezx20

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Quote from: The Sceptical Chymist on August 06, 2016, 01:43:22 PM

Quote from: lite on August 03, 2016, 09:31:40 AM

Quote from: Manchumichael on August 03, 2016, 08:56:38 AM

Hello Everyone,

Since last 1 week, The Bitcoin price is going down. Last week it was 650$+, Now 550$+. I don't know for what reason it is going down. So because of this price down, is there any change in your future plan?

I don't think bitcoin price effects gamblers much, they'll gamble even if the price is above $1000. bitfinex got hacked that's what driving price down, ~120k bitcoins were stolen. i'd deposited bitcoins there like 2 days ago since then hadn't withdrawn. Cry

But bitcoin is usually bought with fiat, so I'm sure a lot of gamblers keep an eye on what they're putting down, or at least they're limited as to how much they can get in the first place. But I agree with you to some extent.

I'm sure the gambling whales couldn't care less what the price is. Must be nice.

Well even the bitfinex issue affect the price of bitcoin we are still strong to hold bitcoin instead we are buying so that we can make a profit and to support the bitcoin that the price will going to increase back again this following months or weeks..

The Sceptical Chymist

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Quote from: lite on August 03, 2016, 09:31:40 AM

Quote from: Manchumichael on August 03, 2016, 08:56:38 AM

Hello Everyone,

Since last 1 week, The Bitcoin price is going down. Last week it was 650$+, Now 550$+. I don't know for what reason it is going down. So because of this price down, is there any change in your future plan?

I don't think bitcoin price effects gamblers much, they'll gamble even if the price is above $1000. bitfinex got hacked that's what driving price down, ~120k bitcoins were stolen. i'd deposited bitcoins there like 2 days ago since then hadn't withdrawn. Cry

But bitcoin is usually bought with fiat, so I'm sure a lot of gamblers keep an eye on what they're putting down, or at least they're limited as to how much they can get in the first place. But I agree with you to some extent.

I'm sure the gambling whales couldn't care less what the price is. Must be nice.

Superhitech

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I'd say no, as I play for fun; I'd still bet the same amount, except maybe slightly higher due to the lower price of bitcoin. If the price goes lower, I think I'm going to buy some bitcoin, then hold it until the price goes back up. I remember that a while ago, everyone was panicking due to the price dropping to $200, but some of the smarter members didn't panic and bought some bitcoin to hold. Now that the price is much higher, the could've sold the bitcoin they bought at a low price for a nice profit.

raaajlucky

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Quote from: pinoycash on August 05, 2016, 03:05:24 PM

Quote from: ?? on ??

I hope Bitcoin gets bit stable, its volatility makes it difficult to decide to invest in it.
They say bitcoin is as stable as gold and silver but we know its definitely not, and is still vulnerable to security breach such as we have seen at bitfinex. what do think about how this hacking incident will affect the bitcoin??

the effect will not be that bad, the price is gaining its momentum again, its a good time to buy some coins and sell it later for a good profit.

According to Experts knowledge, the Bitcoin price will still go down. So let's wait for some time and buy coins. Because no one will have sure that Bitcoin price again, it will cross 700$ in this year. SO why should we take a risk right?

aranachristianjay

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Quote from: Manchumichael on August 03, 2016, 08:56:38 AM

Hello Everyone,

Since last 1 week, The Bitcoin price is going down. Last week it was 650$+, Now 550$+. I don't know for what reason it is going down. So because of this price down, is there any change in your future plan?

Yeah,

Of-course it does have a great affect on my plans regarding in my trades,
Right now I made a great deal with my bitcoins and exchange it already to USD.

I will wait further more time to see whether bitcoin is going to rise up again.

xuan87

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No, no plan is going to change, in fact now is the time to earn more, so when the price go up i will have more money in my wallet, and my budget for betting wont increase because its kind of hard to earn bitcoin now since the mining has become not really profitable, but still has the positive hope that bitcoin will back to its "prime" price

roadbits

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Quote from: 8Habits on August 05, 2016, 06:16:47 PM

Quote from: Manchumichael on August 03, 2016, 08:56:38 AM

Hello Everyone,

Since last 1 week, The Bitcoin price is going down. Last week it was 650$+, Now 550$+. I don't know for what reason it is going down. So because of this price down, is there any change in your future plan?

None. I treat bitcoin as a log term investment and when you look at that, prices doesn't matter to you. When it goes down further, that is the best time to buy actually..

Yup, if you are looking for the long time investment, then the price decrease will not effect to you. And this is a good opportunity to collect some coins.

But for me, my plan will be changed according to the Bitcoin price variation.

8Habits

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Quote from: Manchumichael on August 03, 2016, 08:56:38 AM

Hello Everyone,

Since last 1 week, The Bitcoin price is going down. Last week it was 650$+, Now 550$+. I don't know for what reason it is going down. So because of this price down, is there any change in your future plan?

None. I treat bitcoin as a log term investment and when you look at that, prices doesn't matter to you. When it goes down further, that is the best time to buy actually..

pinoycash

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Quote from: ?? on ??

I hope Bitcoin gets bit stable, its volatility makes it difficult to decide to invest in it.
They say bitcoin is as stable as gold and silver but we know its definitely not, and is still vulnerable to security breach such as we have seen at bitfinex. what do think about how this hacking incident will affect the bitcoin??

the effect will not be that bad, the price is gaining its momentum again, its a good time to buy some coins and sell it later for a good profit.

BTCLovingDude

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BTC to the moon is inevitable...

the price of bitcoin is always changing and is never stable enough to make a plan for a long term so obviously my plans change with the price also.

but since the amount of bitcoin i earn depends indirectly on bitcoin price so my plans for gambling will always depend on how much i can earn bitcoin that week for example. then i decide based on the amount that i have earned.

trinaldao

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Quote from: maxhor on August 04, 2016, 08:43:57 AM

I don't have any plan yet because I already have some coins in my pocket there, so that I'm playing with amount because I don't care about the price anymore, it should get recovered within a week and it has pretty good chance for it so now I'll decrease bet amount because of this.

not many changes to a gambler if prices fall or rise. but maybe if the price is lower, it is good to increase the bet, because small victories will not be anything.

bithasher

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This movement is price is sign of life because flat means dead. This is very normal if you know how price changes take effect in Bitcoin's market. Since Bitcoin has value in hundreds every change in price is of some dollar like $10,$30 or $50 dollars up or down, high prices of anything have radical changes. It is ok for me as long as price remain above $500 mark.

agustina2

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Quote from: buddu on August 04, 2016, 09:03:39 AM

I still see price at very good floor as they are above $ 576 now. If put this hack of Bitfinex apart then too price were not moving in any direction. It seems that $ 560-600 will be fair price range after halving. I am not considering recent drop in price as something to be worried about. This will not effect my plans and all will be go as was before.

Agree and current price is still better rather than below $500 which is only a desire back then.

If the price will pull below $500 then that was time I will consider to be worried about. But of course rather than to have a butthearts about the price decrease situation, it's an opportunity too to grab again some coins.

Topic: The Bitcoin price is going Down....Any changes in your plan? (Read 1853 times)