Feel free to buy while this things is sinking.
I've transfered all my Bitcoin Core to the exchange to sell 35 hours ago with max fee in GUI. Still waiting to get confirmed.
Bitcoin network is basically dead already.
SW2x was Bitcoins hope. Now that scaling bitcoin is once again out of sight for the foreseeable future, we can expect prices to fall back to levels before there was any hope. People will look for scaleable alternatives again as they did before.
We can easily fall back to 2500-3000 levels within a week. 1000-1500 within a month is very likely.
No hope, no value.
This has to be the biggest bull trap so far.
Just grab some popcorn and coke and watch the price crash through the floor within a few weeks running up to the November hard fork (aka bitcoin network collapse).
Don't worry, there will be no bounce.
This crash will keep on going on and on.
Don't forget that this was just a small ban, bigger nation wide bans will follow, other countries will follow, the November hard fork will follow.
Sorry to burst your bubble but there won't be a dip.
There will just be endless decline as bitcoin is being rapidly overtaken by superior technology.
Oh look at that -25% and the day isn't even over yet. Oh all the i-told-you-so's....
My prediction is we will see dump after dump after dump until we reach around 700-900 levels.
We've already seen two big dumps today. More to come.
Don't worry. You'll soon be able to sell under $1000.
We still don't have working fundamentals.
Bitcoin still doesn't scale to anywhere near the size needed to support this value.
Bitcoin doesn't offer any useable privacy.
A hardfork is very likely and will create absolute havoc within the btc economy.
What we have here is a bubble about to pop very hard.
Congratulations. You got scammed out of your real money once again by the pump and dumpers.
After hundreds of warnings I can only laugh.
The apparent strong uptrend completely got shattered again and we can expect prices to drop down to 300-320 before stabilizing slightly.
Just warning you guys again.
THERE IS NO UPTREND UNTIL THE PROTOCOL GETS FIXED.
-25% in 48 hours. No investment other than bitcoin will get rid of your money this fast!
With Mike Hearns revelation to the public the collapse has only started.
In the coming weeks more dirt will be revealed and the price can easily go down another 50-75%.
Remember Mikes blog is only now starting to gain attention. This is a small thing compared to what's coming.
Once again, my predictions were correct.
We have about 24 hours before we see $170.
Probably have some bouncing back and forth there, but it will stay under $200, never to be seen again.
Then we will see a 1-3 week gradual decline towards the double digits and we expect a big (~70%) crash again after we reach the $80-$100 range.
Orderbooks make me cry, only roughly 30k btc to be dumped before we reach $0.
The teams that are manipulating the price have A LOT more to play with.
Bitcoin could theoretically recover, but only after it has been completely floored to have no value and when the dev team starts to work on making bitcoin competitive, fast, safe and secure again.
It never gets old. I've been there since 2013 and it's still hilarious. Thanks kwukduck for your perseverance.