Topic: Where were you and what were you doing when bitcoin took this huge $1,000 Dump. - page 2. (Read 571 times)

take a cup of coffee and drink it while relaxing. there's no need to think too much that bitcoin has dropped dramatically. because most likely the end of this year will not be the same as last year. it could be next year 

when a $ 1000 dump occurred, what I did was observe, I was very interested in all the issues that developed that were the background to this disaster. the battle between the community and crypto fighters with conventional banks and the government is a concern that is quite interesting for me. this is a financial system revolution, there will always be conflicts that occur when we want to change to be better.

from the aspect of my activities in crypto, I chose to take a break, as a campaigner bounty, too risky when prices dropped dramatically and I still forced myself to do the ico project. Waiting is the right choice, while analyzing information to find the right time back in this industry, like today.

I still hold on the fact that panicking in situations like this would not be the best decision to take. We all by now should know that the cryptocurrency world is quite volatile  and situations like this would come around. We can only hope it gets better

nah. the btc price is because minng pools are cough quality assurnce cough testing out next gen asics before releasing them for deliver in last week of december.

thus because swapping their old S9's for T15's they have a lower cost per BTC than the last 12 month support. thus able to sell for less while still in profit

..
as for craig wright drama.. thats just another altcoin. and just social drama.
funny part is on the SV chain(blockheight 556925) it is also monitoring the ABC chain.
if SV sees a block on ABC that SV dont like.

SV kills off the SV chain. grabs a COPY of ABC chain..
SV nodes then kill off the block it dont like. and then tries to build SV blocks on the SV nodes.

funny part though
ABC can just continue on as they are meaning ABC chain (blockheight 556952) carries on building 556953
and then SV ends up killing off SV new block to grab a copy of ABC. kill off that same "bad block" and then has to rebuild again
SV will just end up in a loop.


put simply if there was block 556952 that SV hated.
abc makes 556953 as normal
but sv:
keeps destroying its own chain
grabs ABC upto to 556952 and then has to build 556953 of transactions SV approves

abc makes 556954 as normal
but sv:
keeps destroying its own chain
grabs ABC upto to 556952 and then has to build 556953 of transactions SV approves(yet again)

abc makes 556955 as normal
but sv:
keeps destroying its own chain
grabs ABC upto to 556952 and then has to build 556953 of transactions SV approves (yet again)
anyone using SV with transactions in 556953 will find they will keep getting thir transaction as confirmed then unconfirmed


craig will just be stuck in a loop of orphaning his own chain and orphaning blocks above 556952(of his personal copy)
meanwhile ABC carries on and just ignores whatever craigs SV client does

no merchant. no exchange will ever want to run SV knowing the orphan drama and double spend drama of accepting SV
so craig is fighting a fight he wont win.
he will not get to re-org the ABC chain.. all he wil do is just keep killing off his own chain and his own copy


...
and all ABC has to do is create a block that Sv wont like. and then let SV just loop itself into orphan/double spend drama.. while ABC just carries on

 


The fights of altcoin Cash may be the reason why the market is in the red, this is my opinion, of course this is not good for the future of crypto


I do not understand very well what you mean, but if you are thinking that the price could fall to  $1000, this is very difficult to happen, because today there is more demand than when the price was  $1000


 

I also spent minutes reading the comments on faketoshi twitter and this war of bitcoin cash has the biggest jokes counters, if someone is sad, just go on twitter that the person will laugh a lot and will forget about your problems


I've done so much thing that I can not remember a specific thing

I was working ... that saved me from selling all my coins 

while others cry, panic
i was saying DISCOUNT DAY

say you bought some coin at $6500
now price is $5500
buy coins at discount,

now your break even is $6000k not $6500
so when prices go back to $6500.. your not breaking even. your PROFITING by $500 a coin

yes, actually what happened recently has been very chaotic, the crypto world. The situation in an instant turned upside down 180 degrees, all coins turned red and only coins in the pump session were green and this was not counted, if this is still the case, then it could be possible that bitcoin would become a dump towards $ 1000

if there is an even lower drop in Bitcoin, then you can safely take money in a bank or sell property to buy Bitcoin.

I believe that bitcoin can drop to $4,400 around Jan-Feb 2019.


Having said that, I think some of your stories are funny. Some of you were in the toilet, and some in the hospital when the btc drop came.


Did anyone pick up some cheap coins for example to take advantage of the offers? I picked up some ELEC for example. What did you pick up, if anything??

Many media say the price of bitcoin will go up to $ 25k, I never believe that analysis, they only say and without analysis, I already know that the price of bitcoin will fall lower than what you saw this year

If this is happened then hold my current bitcoin and bought more at that price and to recover the previous lost i think it will not happened instantly and that's why some people says bitcoin for long term is good and when the price low then it's the right time to buy and the benefical maybe can we feel for next year

I just woke up to see the bloodbath in the market and I was so shock but I was aware of the btc hardforks which was scheduled for 15th of this month but I never thought it will have this great effect on the entire market, but thank God the market is already recovering gradually and with time I believe everything will be back to normal again.

I would like to say I was taking a huge dump while the huge dump happened but that wouldn't be truthful. I was sat at my desk playing some poker and checked the price within about 10 minutes of it breaching $6000. I'm optimistic for a recovery, price has stayed steady today.

I just made a quick search in the forum when everything happened, and that was 10pm or so in here and I instantly placed a buy order @ $5100 in a local exchange since I thought it will get lower than the $5500 I'm witnessing during those hours. I was literally blown away on how fast things went in just a span of an hour and instantly, I saw tweets from Wright and other big names in crypto regarding the state of bitcoin and other coins. I don't want to get the price go down further but in all seriousness, if my $5100 buy orders were filled, my average price would be placed @ $5600 and I'll be happy for that.

To be honest,i don't have much bitcoin. I have mostly ETHEREUM that i bought when it was in $400 something. I was in the hospital when my friend texted me saying that bitcoin is dropping drastically and as well as other altcoins. I was like "OMG bitcoin needs to hospitalize too" lol

taking dump

watching it live lol

Also watching BCH ABC destroy stupid CSW BCH SV. twitter is going to be fire over the next month

I did not have much Bitcoin. I was waiting tbh for something like this so I bought some now and sold for profit. Some times one person's bad luck is good fortune for another.

I am a Bitcoin Hodler,so I just hodl...
I don't care about the current bitcoin price.I'm waiting for 2020.
What btc transactions were you doing to execute?BTC/Altcoins or BTC/fiat?
All the crypto 'experts' say that this dump won't last long,but I don't think that we should trust them anymore.