Why Bitcoin Going Down Badly? - page 2.

albertvert

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Quote from: endaiin on July 15, 2017, 12:47:36 PM

to increase bitcoin performance it need to upgrade for increase transaction speed.
It good for bitcoin future. Cool

i not worry about the price, it will go to the moon after upgraded.

It is due to one and only reason. Due to August 1 and July end.After August 1 ,it price with twice or thrice the today's rate.People having idea of inversing of bitcoin may inverse now .No one had the doubt to inverse. They can inverse now.

batang_bitcoin

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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?

karabasss

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Quote from: amacar2 on July 15, 2017, 12:43:22 PM

Quote from: TheBitcoinBoy on July 14, 2017, 12:16:50 PM

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.

I would really like it to be true) I read a lot of news and they all panic. But no one can explain the situation. I also worry a bit. But I do not want to transfer my assets to alternative coins.

endaiin

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to increase bitcoin performance it need to upgrade for increase transaction speed.
It good for bitcoin future. Cool

i not worry about the price, it will go to the moon after upgraded.

amacar2

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Quote from: TheBitcoinBoy on July 14, 2017, 12:16:50 PM

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.

Denker

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Quote from: passwordnow on July 14, 2017, 11:45:31 PM

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.

Quote from: fabiorem on July 14, 2017, 11:44:05 PM

Is safe to buy by 31th July?

No.

Hodlers never sell!
So this is false! It's weak hands and all the noobs who came here just for a quick buck and are not really interested in the technology.
Ask 10 of those guys why Bitcoin was created and what disruption of the keynsian system means to them.These guys will have no clue what you are talking about. That's what we're having to deal here with. The earlier we can get rid off them the better imo.
Let those guys play with alts or Paypal and Venmo.

orarider

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Quote from: TheBitcoinBoy on July 14, 2017, 12:16:50 PM

is it all due to 1st August Bitcoin Fork??

Yes, that is the fact that bitcoin goes down. Although knowing the problem, but it can not be resolved, bitcoin is in danger of being fragmented, so people need to make the right choice.

jtipt

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Quote from: aso118 on July 15, 2017, 03:06:50 AM

Quote from: fabiorem on July 14, 2017, 11:57:19 PM

Quote from: passwordnow on July 14, 2017, 11:45:31 PM

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.

Quote from: fabiorem on July 14, 2017, 11:44:05 PM

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.

You do all this, and by chance, the Fork goes bad hard forks happen and both the forked coins don't work our and Bitcoin dies in few months, then what will you do? I hope this doesn't happen, I don't even want price to go to that $500 even if it's just for few days I am already starting to panic a bit seeing price below $2000 after i had got used to the 2500s

jvdp

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Quote from: Ewox on July 15, 2017, 03:22:36 AM

Quote from: aso118 on July 15, 2017, 03:06:50 AM

Quote from: fabiorem on July 14, 2017, 11:57:19 PM

Quote from: passwordnow on July 14, 2017, 11:45:31 PM

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.

Quote from: fabiorem on July 14, 2017, 11:44:05 PM

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.

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.

TetraFugolini

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I just visited https://coinmarketcap.com/ . The market is bleeding, everything is in the red. Now might be a good time to buy some btc, but I will wait a few more days to see will it get any lower, a lot of uncertainty around the 1. of August . But I do believe bitcoin will survive this, can't be so sure about all those shitcoins though .

pawel7777

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Quote from: TheBitcoinBoy on July 14, 2017, 12:16:50 PM

is it all due to 1st August Bitcoin Fork??

That's probably the least important factor. Apart from this, there are likely some of the recent ICOs dumping raised funds, but most of all, decline is just a natural consequence of previous rally.

There were shitload of inexperienced newcomers buying into Bitcoin with only one goal - getting rich quick. They're slowly losing patience and starting to realise that "Lamboland" is not gonna happen, so they'd just accept the loss and cash out.

Plus, as always, lots of traders are selling to buy back more at lower prices.

deisik

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Quote from: Hazir on July 14, 2017, 07:05:33 PM

The reason for this crash lies not only in fear of failed scaling bitcoin upgrade. Just take a look at every altcoin, they are all bleed.
Among top 100 altcoins price of more than 90 crashed I don't think it is simply related to bitcoin at this point.
One is certain for me though - people will dump altcoin and start to rebuy bitcoin because the low price of BTC is extremely attractive ATM

I don't know next to nothing about other 99 top altcoins (so bear with me)

But I see people dumping their bitcoins and buying Litecoin presently. Somehow, I hoped that Litecoin would go down way faster than Bitcoin, so I planned to convert my remaining stash of bitcoins into litecoins (just in case, I'm mostly in the US dollar now), but it seems that it was not just me who had been looking for that opportunity. And instead of Litecoin going down in Bitcoin terms, it is in fact rising right now (not very far from recent highs Bitcoin-wise)! But I still hope for a minor Litecoin crash (at least, in respect to Bitcoin)

Ewox

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Quote from: aso118 on July 15, 2017, 03:06:50 AM

Quote from: fabiorem on July 14, 2017, 11:57:19 PM

Quote from: passwordnow on July 14, 2017, 11:45:31 PM

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.

Quote from: fabiorem on July 14, 2017, 11:44:05 PM

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.

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.

ardacik

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Last chances to see this price. Great buying opportunity!

aso118

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Quote from: fabiorem on July 14, 2017, 11:57:19 PM

Quote from: passwordnow on July 14, 2017, 11:45:31 PM

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.

Quote from: fabiorem on July 14, 2017, 11:44:05 PM

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.

fabiorem

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Quote from: passwordnow on July 15, 2017, 12:21:44 AM

Quote from: fabiorem on July 14, 2017, 11:57:19 PM

Quote from: passwordnow on July 14, 2017, 11:45:31 PM

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.

Quote from: fabiorem on July 14, 2017, 11:44:05 PM

Is safe to buy by 31th July?

No.

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

You sure about that? It will recover soon and you'll see that not all the time there will be a price increase nor decrease.
There's just a balancing of things in the market and this falling will be ending soon but no one can if that's possible to happen on or before July 28 or even August 1.

I'm sure it will reach $1000, but not $500. It's near $2000 after falling $300 in 24 hours.

And I think a small group of people (who holds too many bitcoins) is doing that, to create panic. I dont think there will be a hard fork, I think this is fake news.

Btw, I didn't sell any of my coins. Nor I will, since I want them to be used in place of fiat in the future.

passwordnow

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Quote from: fabiorem on July 14, 2017, 11:57:19 PM

Quote from: passwordnow on July 14, 2017, 11:45:31 PM

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.

Quote from: fabiorem on July 14, 2017, 11:44:05 PM

Is safe to buy by 31th July?

No.

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

You sure about that? It will recover soon and you'll see that not all the time there will be a price increase nor decrease.
There's just a balancing of things in the market and this falling will be ending soon but no one can if that's possible to happen on or before July 28 or even August 1.

iqlimasyadiqa

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August 1, 2017 is a problem now. Many people who panic sell to see the news circulating in the media today. They are worried at that date bitcoin prices will decrease significantly. The proof at this time bitcoin prices have been seen to feel the impact. Maybe for some people to exchange it to the USD is a best alternative. They want to keep getting the same amount of bitcoin and get the same nominal total.

freedomno1

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Quote from: TheBitcoinBoy on July 14, 2017, 12:16:50 PM

is it all due to 1st August Bitcoin Fork??

Fear and uncertainty going forward so yes, the question now becomes how long does it go down how low does it go and when is the best time to go against the sentiment, the trend is your friend but how long do we go with that if you want to re-enter.
Not expecting much differences till end Aug

maokoto

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My thought is: only people that are somewhat serious about bitcoin know about the scaling change in 1st August. Newbie investors are not likely to be aware of it so much. In my view the lowering price is more about people who know Bitcoin will rebound and are trying to get more at a lower price, dumping hard in an attempt to make it go lower than the price they sell.

EDIT: Altcoins are sold for the same reason. They sell them in order to have more to buy bitcoin later.

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