Topic: the recent drop could be a trap 2017/3/19. - page 2. (Read 1941 times)

A scaling solution that will result in Bitcoin splitting between the old Bitcoin and a new coin called BTU which will have a flexible block size and be listed on exchanges as an altcoin (but we'll see how it actually goes) and everyone who holds Bitcoin will own an equal amount of BTU as they already do in BTC.

I agree, people have started buying into Bitcoin because of the hype about its temporarily high price, but now that it's dropping some newbies have started to panic sell.  Bitcoin can't just be going up all the time.

it is manipulation and when you manipulate you don't want to kill what you have already invested thousands of dollars in. it is only one of the reason why price won't go low a lot because those who dump a big amount of bitcoin at once to make the price drop are slowly buying it back up and if things get out of hand put up big buy walls to prevent it from going lower.

on the other hand, there are many who knowing the situation, are buying bitcoin to take advantage of the situation. and it is not really the first time it happened! take a look at the charts and do some research and you'll see how many times before, there was a big so-called-news about bitcoin and it being dead that caused some down period like this.

the principle of all FUDs are always the same:
- Bitcoin being a Ponzi scheme (2009)
- Bitcoin being hacked and all private keys listed on a website (early years)
- China banning bitcoin (early years then in 2013 then 2015-16-17,...)
- MtGox running away
- M. Hearn bullshit that I can not even remember anymore
- Exchanges being hacked
- China banning bitcoin trading
- China controlling bitcoin and mining
- and the stupidest one of all China rejecting transactions from the rest of the world
- ETF rejected
- An altcoin claiming to be replacing bitcoin and report fake huge trade volumes daily and get pumped
- and now FUD about split these days
- something else in the future maybe about hell breaking lose, world war or aliens attack!

they are all the same thing. bitcoin has been under attack from all angles, it is sometimes from those who don't want to see a decentralized currency threaten their very existence or sometimes it is because someone is butthurt and missed a dip.

Do you have any idea what is the reason behind this hard crash?? It's really bad seeing bitcoin in this stage to lose it's "$1000 bottom", the crash of -$310 within few days is drastic and it's really for panic, I'm afraid that the price will not be stable even in the upcoming weeks and who knows what's the next bottom price for bitcoin, too much panic, for real.

Well the problem is that BTU nodes are dropping like flies...

That's the reason of the price drop pretty much. The community's increasing polarised, and there is propaganda everywhere on this forum.

I don't think it's a trap necesseraily because there is a legit reason for the drop, i personally think it's going to drop even more before it recovers to a normal, $1000+ level which I deem the price level that bitcoin deserves at the moment.

But people right now are already placing buy orders at 700-750 waiting for the price to drop. I don't think that bitcoin will drop that much after this.

oh no, it doesn't ... Bitcoin, it's like a catapult.

The fact is goodbye to $1,000 above and i think the price right now will still stay at the $1k below..
Much more interesting right now altcoin are getting more higher that honestly we don't experience before..  Look for the dash and ETH was active these days  and the movement is really gives you good profit if you bought them in the cheap price..

IIRC some exchanges hit a bottom of 850 today, not completely sure but I saw a graph of it somewhere. Either way, BTC seems pretty oversold right now and if anything I'd buy a little bit now and see what happens; we've been slowly slipping these last few hours but it won't last forever. I wouldn't sell (HODLing anyways ) as of now, if you're looking for short term profit it isn't happening anyways, might as well just HODL.

trap or not, the risk/reward ratio is not my ball game at the moment. Altcoins offer potentially much more interesting plays and the recent blood in the Bitcoin charts helped to make them attractive again.

they want cheap coins.






me, too.

i would think that the drop from $1100 yesterday to as of this thread is started $950, is a trap for sellers because looking at its popularity, it is not the first time bitcoin being volatile. unless bitcoin price drops to ~$850 within a day, it could be unnecessary to sell your bitcoins for some of the people will buy again.
what is Bitcoin Unlimited though?