Fortunately there is a strong community holding bitcoin,s flag and providing enough air(support) for the bubble never to pop.
Topic: This pull back is great (Read 2496 times)
Are you guys and gals telling me that you didn't know a drop is eminent? should you necessarily watch a physical balloon inflating to believe the term " bubble" ? though bitcoin's bubble is not popping and never will and we need such bubbles since they attract more interesting people with filled pockets.
Fortunately there is a strong community holding bitcoin,s flag and providing enough air(support) for the bubble never to pop.
Fortunately there is a strong community holding bitcoin,s flag and providing enough air(support) for the bubble never to pop.
Yeah, I'm waiting for the price to go a little bit down to buy for the first time a bigger amount of BTC. The huge hikes in its price are great for all of us, we're mostly tempted to buy no matter if it goes up or down (being afraid it's going to rise even more, or thinking the price is on the lowest level). I will be waiting for a <$400 price to buy.
You want to buy at $400? i think that won't happen lol. you had your chance when bitcoin was in that range, i'd bought 1.6 btc at $445 and now it's double and soon it will triple.
I think that there will be a rising soon or later in this year, the bitcoin has a great future a head these days.
Always nice to see a little pull back after a significant rise, it creares stability. People can take profits & load up again too.
This is a good thing for Bitcoin, in fact it will be a great opportunity for people who had missed the opportunity to buy before. In addition, several aspects indicate that now there are better chances of a slower and steadier climb, this is certainly something much better than a quick pump.
it is, but they never act on it
the day before the drop there were at least a dozen topics here and other forums talking about how they wished price could come down so they can buy because they missed out, and after the price came down for real all of those users disappeared and i am sure 80% of them didn't buy because they were scared again. and they will say the same thing in a month when price is over $1000 again.
If theres a pump going up ,there will be a rally going down vice versa.but the only one good thing about bitcoin going down is the stability in 800$ price.
It seems to me that the withdrawal was down bad very quickly I guess more will remain in the upper level. My opinion is that if there is not too much withdrawal, it will be worse if it falls to the same level as 500,$ so the decline will be a bad impetus for me.
The impression is that the lower the purchasing power, the more likely it is that there will be so many drops going on towards the end of 2017.
The impression is that the lower the purchasing power, the more likely it is that there will be so many drops going on towards the end of 2017.
I will be waiting for a <$400 price to buy.
You will be waiting awhile for that price, if it sees that price again ill be more than surprised.
$400 is perfectly possible, in the following scenario:
- We continue the rally, breaking the ATH, up to $1500 or even $2000.
- The rally leads to a steep increase in transaction volume.
- Blocks are getting full - _really_ full. That means that a part of the users won't be able to move their coins.
- Bad press about "Bitcoin's lack of scalability", a new "SegWit war" and panic from the new users who bought above $1000.
- A crash like in early 2013: (Nearly) everybody is convinced that Bitcoin is doomed, that it can never gain traction and so won't increase in price anymore. Those who can sell, sell. We're first crashing again to $1000 and then even further. Bitcoin could lose 80% of its value and go as low as $400.
This is only a possibility, I hope it doesn't play out this way. But I would be very careful and distrust every rally before SegWit gets enabled.
Last crash in 2013 was due to Mtgox who have created the bitcoin price high and when the scam burst it crashed like hell but this time this rise in bitcoin price is from the long term users and due to India and china getting lot of new users for bitcoin due to india had fiat currency demonetization and china having got limit of trading in cryptocurrency legal which boomed this rally. So the little bit of correction is always good not next rally
This is a good thing for Bitcoin, in fact it will be a great opportunity for people who had missed the opportunity to buy before. In addition, several aspects indicate that now there are better chances of a slower and steadier climb, this is certainly something much better than a quick pump.
I will be waiting for a <$400 price to buy.
You will be waiting awhile for that price, if it sees that price again ill be more than surprised.
$400 is perfectly possible, in the following scenario:
- We continue the rally, breaking the ATH, up to $1500 or even $2000.
- The rally leads to a steep increase in transaction volume.
- Blocks are getting full - _really_ full. That means that a part of the users won't be able to move their coins.
- Bad press about "Bitcoin's lack of scalability", a new "SegWit war" and panic from the new users who bought above $1000.
- A crash like in early 2013: (Nearly) everybody is convinced that Bitcoin is doomed, that it can never gain traction and so won't increase in price anymore. Those who can sell, sell. We're first crashing again to $1000 and then even further. Bitcoin could lose 80% of its value and go as low as $400.
This is only a possibility, I hope it doesn't play out this way. But I would be very careful and distrust every rally before SegWit gets enabled.
This does show that it is not some sort of good rich quick scheme that all in the public did believe at one but now that it is getting global recognition. Many are seeing it in a different light then they once did when it was first introduced in the public eye by way of silk road.
I think it is
People profits from this crash. It is how you read the situation well. I hope for the increase in value when it was $1k + but I know with the fast rise of Bitcoin price, it will certainly crash down to where it is now. People called them correction but I guess this is another whales manipulation to accumulate cheaper coins after cashing out the one they bought in cheaper price way back months ago. Then price will go up again after this accumulation phase is done just like the old day. They (whales) always rinse and repeat.
This does show that it is not some sort of good rich quick scheme that all in the public did believe at one but now that it is getting global recognition. Many are seeing it in a different light then they once did when it was first introduced in the public eye by way of silk road.
I was worried no pullback will result in some exchange being bankrupt or such like it was with the mtgox. This pullback paradoxicly is very good sign that bitcoin is still in the world sane people.
I believe for every pullback bitcoin undergoes new users get to adopt it which is a good for the crypto as its genuine pump with less intentions to dump it
I think as well that this pull back is necessary.
Bitcoin should grow by demand of people who want to use it. Not by speculants!
The way bitcoin went up the last few weeks was pure bubble building!
Bubbles tend to implode, and that is not what I want to happen to bitcoin.
Bitcoin should grow by demand of people who want to use it. Not by speculants!
The way bitcoin went up the last few weeks was pure bubble building!
Bubbles tend to implode, and that is not what I want to happen to bitcoin.
Speculators have an important role to play too. They provide liquidity to the market.
But the market shouldn't be driven by the speculators. This pull back brings back normalcy to the market.
Speculators are what make whatever markets in the world interesting as volatility is what attracts people. Without this volatility I am sure a lot less people would find Bitcoin interesting enough as an investment or for trading purposes. But then again, the stability will also attract people as they look to use Bitcoin as a long term store of wealth solution. Bitcoin is a multifunctional tool.
I think as well that this pull back is necessary.
Bitcoin should grow by demand of people who want to use it. Not by speculants!
The way bitcoin went up the last few weeks was pure bubble building!
Bubbles tend to implode, and that is not what I want to happen to bitcoin.
Bitcoin should grow by demand of people who want to use it. Not by speculants!
The way bitcoin went up the last few weeks was pure bubble building!
Bubbles tend to implode, and that is not what I want to happen to bitcoin.
Speculators have an important role to play too. They provide liquidity to the market.
But the market shouldn't be driven by the speculators. This pull back brings back normalcy to the market.
I think as well that this pull back is necessary.
Bitcoin should grow by demand of people who want to use it. Not by speculants!
The way bitcoin went up the last few weeks was pure bubble building!
Bubbles tend to implode, and that is not what I want to happen to bitcoin.
Bitcoin should grow by demand of people who want to use it. Not by speculants!
The way bitcoin went up the last few weeks was pure bubble building!
Bubbles tend to implode, and that is not what I want to happen to bitcoin.
I will be waiting for a <$400 price to buy.
You will be waiting awhile for that price, if it sees that price again ill be more than surprised.
It great in the sense that it is allowing more people world wide to get on board, and in the long term interest of bitcoin that is a good thing. The only ones who hate crashes are day traders, and th eguy who lost his short the other day waiting for this. lol
So sitback ya'll and enjoy the ride this year.
So sitback ya'll and enjoy the ride this year.
good point.
i kept seeing people talk about how they missed out on the price rise and were wishing price to go down so that they can buy bitcoin. this was when price was at $1100 and there were so many topics about this.
now they all disappeared and this is the first topic i see talking about the fact that it is that opportunity they were seeking !
hahahah, come on now, 35-42 % down in a day is not a crash? stop shilling , thinking you will bring in new victims! the truth here is we do not know where this is going, it might as well go back to 500-600 range and create more noob victims. We are not doing BTC on our selfs a favour by not be realistic. if we are honest and not scream moon every fucking time then more people will listen and jump onboard.
Those people bought above 1100 dollar so they keep shout everything is fine and they are buying and you should do the same , its called the denial phase. Wait till the price goes sub 800 , then the panic and tears will kick in.
4 sure , i am happy i will buy back the coins i sold when btc gets to 500 range and it will. then wait until it goes up to 900 range and it will even if it takes a year is fine by me.
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