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.
Topic: Why Bitcoin Going Down Badly? - page 3. (Read 2612 times)
And by 28th July? Probably the price will be $500 then.
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.
Is safe to buy by 31th July?
is it all due to 1st August Bitcoin Fork??
the underlying reason is the fear of August 1. but the main reason why price has dropped this much is because traders are once again taking advantage of this situation. they short the hell out of bitcoin an try to make the most amount of money during the downfall to be able to buy more bitcoin at the bottom to once again make the most profit.
First, the good news. Bitcoin is poised for a big rebound before the end of the year most specially if there would be no split at all and things can get better for Bitcoin. The future remains so rosy for Bitcoin and soon it will lift up the whole cryptocurrency market to greater heights. That is the dream I have for now.
Now, the bad news. Well, we already what it is. The scheduled August 1 scaling event is affecting the market's mode as there is no definite answer of what will be and what can be. As we are all humans, expect fear, apprehension and irrational behavior to take into the whole thing.
When people are unsure and afraid, many would prefer to sell their share of Bitcoin and many buyers would just watch and see. When the demand is low and the supply is high then the value will go down.
Now, the bad news. Well, we already what it is. The scheduled August 1 scaling event is affecting the market's mode as there is no definite answer of what will be and what can be. As we are all humans, expect fear, apprehension and irrational behavior to take into the whole thing.
When people are unsure and afraid, many would prefer to sell their share of Bitcoin and many buyers would just watch and see. When the demand is low and the supply is high then the value will go down.
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.
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.
Exactly that's the point there and because of those speculations around circulating the internet medias people feared so much to hold at long term investments. That's the main reasons btc price went down so bad nowadays, and price today is nearing to down at $2000 in the market. So don't ever wonder that btc will down of it's value, but expect for another huge pump at the middle of august this year 2017.
is it all due to 1st August Bitcoin Fork??
Maybe some are scared on what will happen on that day, and decided to sell maybe half of thier total bitcoins and invest in an altcoin. But no one knows what will happen, just stay updated in bitcoin or you will be left behind 
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.
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.
Automata.
It is the most probable cause.
Many Bitcoin users out there are afraid of what will happen on August 1st. "Will it split?", "Will it do a hard fork?", "Will the price crash?" or any similar question that is, still, unanswered and cannot be answered as of now. So some people, especially the new ones, are so terrified that they tend to panic sell when the price drops. As we come closer to the said date, we will encounter more of this. This is a normal scenario if we are facing an event that has uncertain results.
Many Bitcoin users out there are afraid of what will happen on August 1st. "Will it split?", "Will it do a hard fork?", "Will the price crash?" or any similar question that is, still, unanswered and cannot be answered as of now. So some people, especially the new ones, are so terrified that they tend to panic sell when the price drops. As we come closer to the said date, we will encounter more of this. This is a normal scenario if we are facing an event that has uncertain results.
Maybe people are exchanging their Bitcoins into AltCoins to wait the August 1, but not all of them. I think there are some big investors enjoying this situation and causing some panic at the market selling their Bitcoins, increasing the supply, so they can come tomorrow or so to buy the cheap Bitcoins and hold even more coins.
It's not possible the price continue dropping so hard for many days, as was said above, we are in 14th yet, so I think there are still chances to make profit before August 1. Let's see how farther this will go...
If there is anything worse than the expression of going down badly then I would go for it because of what is being faced now and from the look of it, it seems we are ready for another deep further and its because today is still 14th from here which means additional 14days to go which is still a long way to go considering what the price is saying now. In short, I feel the confidence expressed at the beginning of the month, has start to reduce drastically by the majority of users and holders for the fear of uncertainty.
It is the most probable cause.
Many Bitcoin users out there are afraid of what will happen on August 1st. "Will it split?", "Will it do a hard fork?", "Will the price crash?" or any similar question that is, still, unanswered and cannot be answered as of now. So some people, especially the new ones, are so terrified that they tend to panic sell when the price drops. As we come closer to the said date, we will encounter more of this. This is a normal scenario if we are facing an event that has uncertain results.
Many Bitcoin users out there are afraid of what will happen on August 1st. "Will it split?", "Will it do a hard fork?", "Will the price crash?" or any similar question that is, still, unanswered and cannot be answered as of now. So some people, especially the new ones, are so terrified that they tend to panic sell when the price drops. As we come closer to the said date, we will encounter more of this. This is a normal scenario if we are facing an event that has uncertain results.
is it all due to 1st August Bitcoin Fork??
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