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Topic: Why Bitcoin Going Down Badly? (Read 2599 times)

full member
Activity: 518
Merit: 104
PUFFY FINANCE
August 23, 2017, 11:22:00 AM
#53
is it all due to 1st August Bitcoin Fork??

This is completely normal! Every time the bitcoin price get to the highest level there most be a market correction which sometimes reduces the bitcoin value and then later grow from there.
 
hero member
Activity: 826
Merit: 501
August 23, 2017, 10:28:18 AM
#52
It isn't what's wrong with few days back it was 2200$ and now it is 4000 and you are saying it has badly gone down how give me a explaination to this every drop in price has a reason and i totally see a valid reason applied here stop complaining for no reason every advantage will have a small disadvantage and this minor drop is the small disadvantage
Exactly! There are some here who are just stupid and not even thinking right. I guess this speculation is really a trash. Why wouldn't he or she keep on checking the status rate of bitcoin before judging that bitcoin goes down badly. It doesn't make sense at all or maybe he needs a compliments or to be gone viral. Catching people's attention so that there is something to talk about. Whatever the fluctuations of bitcoin, it will rise again because many people are holding their coins so definitely it will just regain what it had lost and so on. It's doesn't go down badly after all.
hero member
Activity: 756
Merit: 500
August 23, 2017, 10:27:20 AM
#51
The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

Another evidence less FUD post by the one of the greatest losers in bitcoin history, Kwuckduck.

It may be more profitable at the moment, but, merchants, exchanges and miners are not switching. Zero fucking evidence there pal.

Tell me though Kwuckduck, for humours sake, let's just say that bitcoin cash destroys the bitcoin core chain and becomes the new bitcoin. Will you then be posting FUD post after FUD post about that chain too as it crashes to new ATHs?
Some people just have a hate boner for Bitcoin and the top dog. Can't change that no matter how much reasoning you give, obviously miners will follow the money and some of them have indeed switched. I haven't done that yet and I probably never will.
I agree with. Those miners who hates BTC are those who are supporting now BCH. They are pumping BCH so that their newly created shitcoin will be same pricr as BTC which is will never happened. BTC will pump soon again while BCH dump until 1sats
LOL Grin!!! Are you kidding me? An altcoin has received a huge money invested from many trader on market like Bitcoin Cash falldown to @1 sat? If like your said, the value of Bitcoin Cash = zero and will be delist from anywhere, this situation is impossible happening.
hero member
Activity: 812
Merit: 510
August 23, 2017, 09:33:57 AM
#50
It isn't what's wrong with few days back it was 2200$ and now it is 4000 and you are saying it has badly gone down how give me a explaination to this every drop in price has a reason and i totally see a valid reason applied here stop complaining for no reason every advantage will have a small disadvantage and this minor drop is the small disadvantage
sr. member
Activity: 378
Merit: 250
August 20, 2017, 06:28:11 PM
#49
Bitcoin was down due to the effect of segwit. Because of splitting that happen on August 1 all Altcoins and crytocurrencies will be affected. However I believe that after this segwit, bitcoin will started to raise again.
I believe that the bitcoin price will rise back again they are just withdrawing there bitcoin instead of holding them in exchange site because they heard that its not safe to save bitcoins to any exchange site before segwit activation done.
Hope that we can see more price increase because developers they are not doing wrong in bitcoin just to encourage other people to sell bitcoin and i think they are just upgrading and improving the use of bitcoin..


Yes I believe that the bitcoin price will rise back again.but they shows absloutly they are just withdrawing there bitcoin instead of holding them in exchange site and also because of They heard that its not safe to save bitcoins to any exchange site before segwit activation done. And conformly i said However I believe that after this segwit, bitcoin will started to raise again.
yes there is no  doubt thatn bitcoin price will continue increase and very soon we will see that the price of bitcoin will cross 5000$. therefore i personally holding my bitcoin and not going to sell it in present time, i think in very beginning of this 2018 the price of bitcoin will even cross 7000$ so it will be more profitable if we manage to hold bitcoin tell the end of 2017.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 20, 2017, 09:56:52 AM
#48
The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin

That's unlikely since it doesn't offer any real advantages

Bitcoin Cash is more profitable to mine now since its mining difficulty dropped recently (due to lack of hashing power when it had been started in early August), and plenty of hashing power got poured into this coin, i.e. due to imbalance between the current difficulty and available hashrate. The difficulty will readjust soon, and this profitability will evaporate as fast as it emerged. To replace the original Bitcoin, Bitcoin Cash would have to rise in price to parity with the former, but that would require tremendous amount of fiat injected into this wannabe Bitcoin replacement
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
August 20, 2017, 09:24:13 AM
#47
The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

Another evidence less FUD post by the one of the greatest losers in bitcoin history, Kwuckduck.

It may be more profitable at the moment, but, merchants, exchanges and miners are not switching. Zero fucking evidence there pal.

Tell me though Kwuckduck, for humours sake, let's just say that bitcoin cash destroys the bitcoin core chain and becomes the new bitcoin. Will you then be posting FUD post after FUD post about that chain too as it crashes to new ATHs?
Some people just have a hate boner for Bitcoin and the top dog. Can't change that no matter how much reasoning you give, obviously miners will follow the money and some of them have indeed switched. I haven't done that yet and I probably never will.
legendary
Activity: 2050
Merit: 1184
Never selling
August 20, 2017, 09:14:06 AM
#46
The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

Another evidence less FUD post by the one of the greatest losers in bitcoin history, Kwuckduck.

It may be more profitable at the moment, but, merchants, exchanges and miners are not switching. Zero fucking evidence there pal.

Tell me though Kwuckduck, for humours sake, let's just say that bitcoin cash destroys the bitcoin core chain and becomes the new bitcoin. Will you then be posting FUD post after FUD post about that chain too as it crashes to new ATHs?
full member
Activity: 182
Merit: 100
August 20, 2017, 09:01:00 AM
#45
The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

buy signal for BTC finally arrived Wink
legendary
Activity: 1937
Merit: 1001
August 20, 2017, 08:58:09 AM
#44
The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.
hero member
Activity: 1148
Merit: 523
CryptoTalk.Org - Get Paid for every Post!
August 20, 2017, 08:46:22 AM
#43
Bitcoin was down due to the effect of segwit. Because of splitting that happen on August 1 all Altcoins and crytocurrencies will be affected. However I believe that after this segwit, bitcoin will started to raise again.
I believe that the bitcoin price will rise back again they are just withdrawing there bitcoin instead of holding them in exchange site because they heard that its not safe to save bitcoins to any exchange site before segwit activation done.
Hope that we can see more price increase because developers they are not doing wrong in bitcoin just to encourage other people to sell bitcoin and i think they are just upgrading and improving the use of bitcoin..


Yes I believe that the bitcoin price will rise back again.but they shows absloutly they are just withdrawing there bitcoin instead of holding them in exchange site and also because of They heard that its not safe to save bitcoins to any exchange site before segwit activation done. And conformly i said However I believe that after this segwit, bitcoin will started to raise again.
hero member
Activity: 700
Merit: 500
Massive price drop coming...
July 16, 2017, 06:28:43 PM
#42
Bitcoin was down due to the effect of segwit. Because of splitting that happen on August 1 all Altcoins and crytocurrencies will be affected. However I believe that after this segwit, bitcoin will started to raise again.
I believe that the bitcoin price will rise back again they are just withdrawing there bitcoin instead of holding them in exchange site because they heard that its not safe to save bitcoins to any exchange site before segwit activation done.
Hope that we can see more price increase because developers they are not doing wrong in bitcoin just to encourage other people to sell bitcoin and i think they are just upgrading and improving the use of bitcoin..
sr. member
Activity: 336
Merit: 260
July 16, 2017, 06:07:32 PM
#41
Bitcoin was down due to the effect of segwit. Because of splitting that happen on August 1 all Altcoins and crytocurrencies will be affected. However I believe that after this segwit, bitcoin will started to raise again.
sr. member
Activity: 1330
Merit: 291
July 16, 2017, 05:36:50 PM
#40
Bitcoin is decreasing in market value because there is fear of what the outcome of 1st August meeting would be, and that makes so many people to sell their bitcoin even though some of them are selling it at a cheaper rate as compared to what it would have been sold five days back. If you have not pressing need for your capital I will advise you to hold for the price will likely bounce back  $4,000.
sr. member
Activity: 546
Merit: 253
July 16, 2017, 05:35:59 PM
#39
is it all due to 1st August Bitcoin Fork??
Yes panic created after some guys spread the fud about possible hardfork on august.

Actually segwit activation is soft fork not a hard fork so this will not split the bitcoin network.

When segwit will be activated than we might see healthy uptrend on price.
This is the reason that most of the people don’t understand the difference between the hard fork and the segwit. In fact those who really know about segwit and know that what will happen to the features of the bitcoin will never get panic of this stuff. People are scared of the hard fork and which even if will happen will be after six months of the segwit.

Waiting until something actually happens is trading suicide. You want to be way ahead if you know something hugely negative will happen 6 months from now.
hero member
Activity: 490
Merit: 500
July 16, 2017, 05:32:46 PM
#38
Big bag holders are just taking the advantage of this fork that is about to happen. They have been doing that before, just like the SEC and other stuffs before. Don't worry people this is going to recover soon, just endure the bloody red days and don't feel that it is the end as long as bitcoin is still up and on a thousand value, why there's a need to worry?
I think they are the one who spread rumours about the bitcoin and misguided people about the first august which created a panic in the users and so they started selling.
What we are seeing now is the result of the panic in the bitcoin users. I don’t know why people get panic so easy, even knowing it that bitcoin is becoming stronger.
MMA
legendary
Activity: 1134
Merit: 1000
July 16, 2017, 05:31:35 PM
#37
is it all due to 1st August Bitcoin Fork??
Yes panic created after some guys spread the fud about possible hardfork on august.

Actually segwit activation is soft fork not a hard fork so this will not split the bitcoin network.

When segwit will be activated than we might see healthy uptrend on price.
This is the reason that most of the people don’t understand the difference between the hard fork and the segwit. In fact those who really know about segwit and know that what will happen to the features of the bitcoin will never get panic of this stuff. People are scared of the hard fork and which even if will happen will be after six months of the segwit.
hero member
Activity: 655
Merit: 500
July 16, 2017, 04:01:46 PM
#36
I have a 100% feeling that it is the main reason why the price is going down, fear from the hodlers, selling at it's finest.

Is safe to buy by 31th July?
No.

And by 28th July? Probably the price will be $500 then.

I can bet that it won't be. If it is, I will sell my house (and my car and the shirt off my back) and get all in on Bitcoin.
Such an opportunity will never again arise.  Smiley

I certainly agree with you, and let's not pray bitcoin will go down that much. It may split but I doubt it'll go back to $500 as its price. But well just see how far it goes down and wait till August 1.

You no need to worry about bitcoin price now.If you want to buy a bitcoin means. It's the correct time.After August 1 ,you  may sell it at very good rate.You will get very  much profit in bitcoin. No one knows the price of bitcoin after August 1.So cleverly inverse on bitcoin today.
No doubt this is now the time for the investors to invest in the bitcoin because everyone knows that in august it will be with better specs and the price will be increased as of now. I think the big investors will be happy at the moment for availing this high profit opportunity.
hero member
Activity: 504
Merit: 500
July 16, 2017, 03:59:19 PM
#35
I have a 100% feeling that it is the main reason why the price is going down, fear from the hodlers, selling at it's finest.

Is safe to buy by 31th July?
No.

And by 28th July? Probably the price will be $500 then.

I can bet that it won't be. If it is, I will sell my house (and my car and the shirt off my back) and get all in on Bitcoin.
Such an opportunity will never again arise.  Smiley

I certainly agree with you, and let's not pray bitcoin will go down that much. It may split but I doubt it'll go back to $500 as its price. But well just see how far it goes down and wait till August 1.
I don’t agree I don’t think the price can go this much low to $500. It is not the same situation now earlier when the bitcoin price drop that much low was because the bitcoin was vulnerable at that time. Now the bitcoin is quite strengthened by the backing of governments by accepting the bitcoin. I am hopeful that the price can’t go below $1200.
member
Activity: 114
Merit: 100
July 16, 2017, 09:58:38 AM
#34
most probably because of the august 1 drama. but for sure it will be a success so just hold and buy more. we could see bitcoin a really sucessful crypto currency in the near future.
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