The Bitcoin price is going Down....Any changes in your plan? - page 4.

futurebit640

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Quote from: socks435 on August 03, 2016, 12:07:51 PM

For now i have a new plan instead of holding bitcoin right now better to buy bitcoins because the price of bitcoin is low..
I am lucky that i already sold my bitcoins when the price is 650 now my plan is to buy bitcoin with partial of my sold bitcoin..

Don't buy now you should wait for some time Because now only it started to falling. So when it stable that time you can start to buy Bitcoins. If you buy now, and the price again goes down means it is big lose for you.

And this price decrease is not affecting to Gamblers. It will effect only for Traders.

Arcteryx

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EtherSphere - Social Games

This situation is really heart breaking to hear. Cause one minute I was looking at $650 then boom the next it was $530! I said what the hell?! Shocked

I never say it take such a skydive without any downward decline before. It just dropped like a bullet all at once.
I must say I was shock. And I knew something was up with Bitfinex when I went to check preev to confirm my fears on the price's sudden devaluation because it did not show anything when I clicked on Bitfinex to see what the price was compared to bitstamp's. It was just gone. Embarrassed

socks435

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Privacy is always important

For now i have a new plan instead of holding bitcoin right now better to buy bitcoins because the price of bitcoin is low..
I am lucky that i already sold my bitcoins when the price is 650 now my plan is to buy bitcoin with partial of my sold bitcoin..

crossabdd

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prices down there is no effect on the gamblers, it will be the same as usual gambling without having to increase the bet bigger.

Lexiatel

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Nope, by the time I achieve my goal, it'll probably be back up again.

My plan is to accumulate 1 complete bitcoin w/o buying it. And yes, gambling is involved, lol.

olubams

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Quote from: Manchumichael on August 03, 2016, 09:56:38 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 must admit it has been a course for concern for me because of my plans and target but the plans will not change but work will increase to meet the target at today's price or when the plan is to materialise. Hopefully, the tide will change and I will be at advantage in the long run... my own opinion...

crairezx20

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This is just because of bitfinex the same as last year there is trading site that crash before and price of bitcoin is down but the price of bitcoin will be rise again just like before.. for now this is happening because of hacking.

SyGambler

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guess who's back

if you are a bitcoin believer nothing should change but maybe you want to buy more , if you only use bitcoin as a payment processor then obviously you should gamble more satoshis since you only care about the btc value
for me I try to increase volume in poker when drops happen , cause I play in a fiat site which accepts bitcoin and I cash out a percentage of my profit monthly
so low price for me means more bitcoins

neochiny

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Crypto.games

Quote from: Manchumichael on August 03, 2016, 09:56:38 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?

nothing will change on my plans all i have to do is adjust, but the hacking that happened on
bitfinex affected bitcoin so much that the price reduced to $650-$556 almost a hundred dollars
in just a week. but this kind of thing already happened in the past and bitcoin was able to
recover, just hoping the same thing happen this time.

hua_hui

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Bitcoin was deeply affected by the hacked. The price is reduced by 20% and it is quite shocking that a currency can drop so fast just by one hack. So btc is yet to be able recognised widely because such a small disruption can cause such a huge fluctuation.

hasiramasenju

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even though bitcoin prices has fall with pretty fast but i don't have any future plan and only just do usual thing such as gambling or something else using bitcoin and i think this thread not related to gambling and should not suppose in these board

razor5cl

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Actually the reason for the sharp drop in price today was this: http://marketrealist.com/2016/08/bitcoin-prices-plummet-hackers-reportedly-stole-bitcoin-worth-65-million/
Bitfinex got hacked, lost a BUNCH of coin and that's why prices dropped so much today.

As for my plans, well I use bitcoin as a currency mainly, so I'm just going to have to weather the storm. Might buy some coins actually, prices are pretty damn low right now, so it's worth a shot, right?

diegz

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★YoBit.Net★ 350+ Coins Exchange & Dice

I have no change in plan, I have no decision to make because I only have few in my wallet, I won't be selling right now, as I don't need extra cash.. The only change in plan that I am making is I am planning to buy few more after I receive my salary.... I will sleep this night without a nightmare as I am not always joining where the wind blow.

shanem

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My plan is to take advantage of the recent dip and convert fiat to btc. I have seen through many of these dips and they present good opportunities for anyone to buy btc. After a while, btc will continue going up and you will regret not buying more btc on these dips.

Edwardard

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Quote from: Manchumichael on August 03, 2016, 09:56:38 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?

obviously everybody will change their plan at this point. new plan in action: buying lots of btc now for future profits. i believe that this is the right time to buy as much btc as you can. that bitifinex hack drama is the reason for this downtrend but bitcoin has lots of potential so it may recover anytime. btw, you didnot tell us about your plan change ? .

bill gator

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Quote from: 20kevin20 on August 03, 2016, 10:34:42 AM

The reason BTC price fell so much is Bitfinex. Over $65 MILLION dollars (120kBTC) were 'stolen'. A lot of bitcoiners have now lost their trust in BTC, so we are basically loosing users. This is a bad thing, but everything will be good in a few months. The price may drop to even $250-$300, I wouldn't've thought BTC will fall again THIS much. I'm wondering what are all the rich users going to do now..

If people are losing their faith in BTC because of private, centralized exchanges being hacked due to their own weakness of security.. That seems to be a little far off point don't you think? These things normally happen because the company doesn't know bitcoin well enough to properly handle the protocol. That's like sending in a janitor that isn't trained for hazardous materials to clean up blood, and then losing faith in the blood when the janitor mishandles it and people get sick.

dothebeats

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Cashback 15%

Quote from: Manchumichael on August 03, 2016, 09:56:38 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?

It went down mainly because of the recent hack on Bitfinex with over $65m worth of bitcoins lost.

I'd still gamble and keep my profits in bitcoins, because I've learned a big lesson when it comes to keeping bitcoins. For the past few months, I've been buying cheap coins (probably around $200 - $300 ranges) and sold somewhere at $630 - $660 range. That's double my initial investment. I love it, and also, gambling gives me too much chills and thrill. And the opportunity is always there (you just need to know what kind of game are you going to do.)

adibe

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Quote from: Manchumichael on August 03, 2016, 09:56:38 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?

Well, for now i don't have any plan, but i keep gambling and try to get much profit from gambling, because the price of bitcoin is decrease and i need more bitcoin for exchange it,.

bill gator

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Quote from: lite on August 03, 2016, 10:31:40 AM

Quote from: Manchumichael on August 03, 2016, 09:56:38 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

That was pretty much my assumption as well. The Risk/Reward remains the same for gamblers, so if anything this gives us a chance to stock up on btc for the road ahead Tongue

I wish you the best with your bitfinex deposit man, that sucks.

20kevin20

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The reason BTC price fell so much is Bitfinex. Over $65 MILLION dollars (120kBTC) were 'stolen'. A lot of bitcoiners have now lost their trust in BTC, so we are basically loosing users. This is a bad thing, but everything will be good in a few months. The price may drop to even $250-$300, I wouldn't've thought BTC will fall again THIS much. I'm wondering what are all the rich users going to do now..

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