Topic: the end of the battle hash and BTC falls (Read 430 times)
I don't believe those crab, saying they are the controller of btc price , btc was totally due for dip so long and doing it now should not be an issue ,I only see the users as the major problem or should I say noobs who only panic when they hear a new cause they never understand what they are in to and why it is necessary to have and understand how it work but only in for quick profit and that has been the major issue the technology is having , though it has its own time of bull and bear but many only think of bull without understanding that if there is no bear then the coin won't gain momentum to move up again .
now the price of bitcoin is starting to go green again, so there's no need to worry when the price of bitcoin goes down because bitcoin will always keep the price stable with updates about the project and others. this is bitcoin the best cryptocurrency
I wouldn't say that we don't need to worry just because the price has bounce back. Remember this pattern has started after the we set on lows of $3000. Might be a bull trap for all we know, so we need to monitor the price and at the same time be flexible. I guess the BCH hashrate war is over or at least has minimal impact today as compare to the beginning of their battle. So the selling pressure if off temporarily but we still need to be vigilant if we wanted to survived in this bearish cycle.
I heard that the BCHABC and BCHSV battles become weak, the capacity was small, and I concluded that the BTC decline was over, but, after I go to the market today, BTC fell deeper.
are there other factors that make BTC fall again?
are there other factors that make BTC fall again?
The most plausible thing to explain is, the factor of BTC fallen price was not only because BCH hashrate war.
Other factor like ETF delayed approval maybe must take into consideration as well.
BTC has falling deeper indeed, but it is not the end of btc and i believe it will recovering later.
now the price of bitcoin is starting to go green again, so there's no need to worry when the price of bitcoin goes down because bitcoin will always keep the price stable with updates about the project and others. this is bitcoin the best cryptocurrency
We've been in a bear market for so long that this downward movement was bound to happen. And I've said it before, I think we've reached the point where some people got tired of waiting for a big surge in prices and they're now dumping, this triggered a massive panic selling wave which is tanking the price to the 3k levels. A lot of people having saying that this is where the bottom should be, let's see if it holds for the next week, could be a good entry-point for those who were waiting to buy cheap.
It seems that the declining point of the bitcoin reached its end. There is a high chance that the price of the bitcoin will grow again in this following days. There are many panic sellers who keep losing their money because they do not fully understand how the price of the bitcoin works. legendary
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bitcoin certainly is not dead yet.
It certainly will never die as long as people keep using it and have beliefs in its future for growth and development. The so-called death of bitcoin happens with every pump and dump cycle and this has been repeated every few months just the variance is in the amplitude of rise and fall. Quote
my guess is big whales is manipulating behind the scene.
Its better not to assume whales to be responsible for every pump or dump without having anything to back up your claim. I would say its a combined effect of bakkt being an asshole, BCH forking leading to has wars and just panic selling in the midst of it. Still today morning bitcoin is showing a bit of recovery touching the 4k USD/BTC mark once again. We've been in a bear market for so long that this downward movement was bound to happen. And I've said it before, I think we've reached the point where some people got tired of waiting for a big surge in prices and they're now dumping, this triggered a massive panic selling wave which is tanking the price to the 3k levels. A lot of people having saying that this is where the bottom should be, let's see if it holds for the next week, could be a good entry-point for those who were waiting to buy cheap.
It seems that the declining point of the bitcoin reached its end. There is a high chance that the price of the bitcoin will grow again in this following days. There are many panic sellers who keep losing their money because they do not fully understand how the price of the bitcoin works.
bitcoin certainly is not dead yet. my guess is big whales is manipulating behind the scene.
legendary
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BTC falls has a conspiracy theory that the whales manipulated the price to keep it lower so that many fudders, fomo-ers, short term holders will sell their btc at a lower price for a panic sell then the whales started to accumulate because there is a coming surprise from investment constitution like BAKKT for BTC to bull run next year.
Those are not conspiracy theories. Some might be true but the extent to what they affected the market remains unclear. A lot of things could have triggered and intensified the dump.Many say that Bitcoin is repeating the past of 2009. After rising, several times and then Bitcoin fell sharply for a long time until everything stabilized. I believe that the market needs to be saturated before everything grows.
Thats why its an ongoing gag that bitcoin died so many times already. Its another one of those cycles and so just increase that number of times in total. If you look at the price charts you can easily verify what has happened in the past. Every time bitcoin drops it comes back up with a pump. People may think of it any way they want - manipulated pump and dump? Or just no coiners spreading FUD and then bitcoiners buying back?I heard that the BCHABC and BCHSV battles become weak, the capacity was small, and I concluded that the BTC decline was over, but, after I go to the market today, BTC fell deeper.
are there other factors that make BTC fall again?
Many say that Bitcoin is repeating the past of 2009. After rising, several times and then Bitcoin fell sharply for a long time until everything stabilized. I believe that the market needs to be saturated before everything grows. are there other factors that make BTC fall again?
This happens because of the trauma in the value when it hit to $4000 mark there are no other negative news for bitcoin but this panic and the faith in the community had lost its grasps we can say that longtime holders might think and proceed to a conclusion of selling, Or I can say that it is because of the upcoming end of this year that people are needing money for the celebration and the feast that is coming to this end of the year, I think that it may still go down a bit and it even gets worst because of the panic in the community.
BTC falls has a conspiracy theory that the whales manipulated the price to keep it lower so that many fudders, fomo-ers, short term holders will sell their btc at a lower price for a panic sell then the whales started to accumulate because there is a coming surprise from investment constitution like BAKKT for BTC to bull run next year.
There is no reason for bitcoin to fall again this is happening because most previous investors who purchased bitcoin earlier are selling now due to uncertainty and afraid without proper reasons and that is the main reason even bitcoin is doing fine and all the things are happening for its advantage the price is falling in a high rate but i think this situation will change very quickly and individuals who are in the market will understand there is nothing to worry about
yes, panic sell.
Every time I hear panic selling, I begin to ask myself in bewilderment, the person buying from me is he or she not afraid? At all times and at all prices, someone is ready to buy. Why is the person buying? Then tomorrow when that person begin to reap, then he will be called whale.
In my opinion this is a scenario that was intentionally created by the Bitcoin ruler as if there was a war drum between BCHabc and BCHsv which aimed to reduce the price of BItcoin, because Bitcoin must decrease before climbing again in the coming year, so this is a mental burden and a test of patience for Bitcoin Investors around the world.
Roger and craig our trying to crash the price and succeeding so miners switch to there version of bitcoin. Eventually, miners won't be able to mine bitcoin for a profit and have to switch.I guessing that their long gameplay anyway sneaky weasels.Also tether could be cashing in there bitcoin before they collapse. There the two main factors i believe that is driving the crash
We've been in a bear market for so long that this downward movement was bound to happen. And I've said it before, I think we've reached the point where some people got tired of waiting for a big surge in prices and they're now dumping, this triggered a massive panic selling wave which is tanking the price to the 3k levels. A lot of people having saying that this is where the bottom should be, let's see if it holds for the next week, could be a good entry-point for those who were waiting to buy cheap.
legendary
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I am taking advantage of this bear market to own a full bitcoin once more.
I like your approach friend. We should all try to gather more amounts of bitcoin in the midst of this bloodbath. Let people sell their coins and we can continue the Black Friday discounted sale. 
even though the battle between bchabc and bchsv has weakened, I think the whales are taking advantage of this opportunity to create panic sell again, so they can buy coins at even lower prices
If you have no proof of it then its a conspiracy theory. Whales do manipulate the market but this is more than manipulation. Initial sell off was due to bakkt and some due to hashwar panic as the general consensus goes but now what the issue is its not clear to me. It could be a manipulated dump for future pump but no proof and more over not being regulated it cannot be tracked at all or it could be aftershocks of late sellers who are no panicking. No real reason as to why the price tanked that hard. Bakkt has announced its postponement a few days ago from now and there hasn't seem to be any significant reaction to that. Also, support from $4000, from what it looks like, was easily broken earlier. As I've expected and assumed, the price can even go deeper to $6200 and it's still being optimistic by that point, and anything further down is just absolutely devastating for a huge number of miners which could also trigger to yet another panic sell. BCHAB and BCHSV hash war hasn't subsided yet, but the amount of damage they have caused from bitcoin is too huge for immediate repairs.
On point. It's all about support at the end of the trading day. Whether it's technical savvy or speculator, if it breaks major support lines (psychological as well) it will definitely fall as expected. I now regret now not shorting btc
even though the battle between bchabc and bchsv has weakened, I think the whales are taking advantage of this opportunity to create panic sell again, so they can buy coins at even lower prices
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