why bitcoin price have fallen today?

bitcoinrays

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Quote from: Prodigan786 on November 12, 2017, 07:21:58 AM

Quote from: lupinvn on November 12, 2017, 01:25:31 AM

Quote from: JCO05 on November 12, 2017, 01:17:03 AM

Quote from: Marian21 on November 12, 2017, 01:13:21 AM

know someone what happened? Huh

Unfortunately, it is indeed falling at this moment and that is probably caused by the cancellation of the segwit2x that was supposed to happen th month. But we should not be worried about it but rather take advantage of the backdrop and invest to Bitcoin. It woll eventually increase just like what usually happens whenever its market value is falling.

I've invested all of my last money to BTC at the price $5650, but btc still falling down and scaring me a little. I'm still put my faith in it and hope the situation would more bright in some next day. What do you think ? can you give me an advice or maybe just your analysis?

It’s better to take your profit now still you will be in profit if it is your last money in future days some more dump happens for sure may it will reach 4500$ to 5000$ . So take your profit and have a smile . Once it is dump some more you can buy .

Actually bitcoin price is related with trade in market and I think its normal and no need to worry about it if the trade is good so the price of bitcoin will be high and if the trade is slow so the price of bitcoin will be also slow because some time it happen in stock exchange but I’m sure that tomorrow the price will be high so need to wait.

megynacuna

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Quote from: Slark on November 12, 2017, 08:18:12 AM

Just keep calm and HODL.

I will share the best thing a read recently here. It is something Joseph Young tweeted:

"When #bitcoin price drops from $7,600 to $6,700 it is the end of the world. But when bitcoin price rises from $4,500 to $7,600 in a single month, it is expected.#Greed"

It is not the first and not the last bitcoin dip, why are you acting like this is something negative?
Even with the recent major correction, the bitcoin price has recorded almost 30% monthly gain.
Are you not satisfied?

Recent history has always taught us that bitcoin almost always recovers whenever it tumbles and so i don't know why others refuse to appreciate times like this and just start panicking and fretting around. I am too old to be scared by the prevailing rate of bitcoin.

Slark

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Just keep calm and HODL.

I will share the best thing a read recently here. It is something Joseph Young tweeted:

"When #bitcoin price drops from $7,600 to $6,700 it is the end of the world. But when bitcoin price rises from $4,500 to $7,600 in a single month, it is expected.#Greed"

It is not the first and not the last bitcoin dip, why are you acting like this is something negative?
Even with the recent major correction, the bitcoin price has recorded almost 30% monthly gain.
Are you not satisfied?

Astrilian

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Quote from: Preclus on November 12, 2017, 03:37:45 AM

Quote from: Marian21 on November 12, 2017, 01:13:21 AM

know someone what happened? Huh

Let's see...

The BTC bitcoin fee to get a transaction to happen in an hour is currently $13.86

(have to say "BTC" because there are multiple "bitcoins")

The BTC transaction backlog is huge

The BTC bitcoin developers are fighting and fragmenting

BTC mining is centralized with a tiny number of Chinese miners having the majority of hashing power (and thus control over what transactions happen)

BTC money is flowing into BCH because.. just because.

But nobody takes BCH as payment showing that whether a "coin" is used for payment or not doesn't matter (see Ethereum). This also shows whether a "coin" is used to actually buy things doesn't matter at all.

The number of bitcoins is essentially unlimited because ever time there is a fork, the number doubles. It is clear there will be no "official" bitcoin as everyone jumps ship to whatever they feel like.

Other than that...

Some very good points, one might be up for debate though: "nobody takes BCH as payment"

Really nobody? Certain sites I know started to offer more options than just BTC, for instance Dash and also BCH.
Would be interesting to see some actual numbers on this, like top 5 crypto coins offered as payment options currently.

Wagako

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Quote from: JCO05 on November 12, 2017, 01:17:03 AM

Quote from: Marian21 on November 12, 2017, 01:13:21 AM

know someone what happened? Huh

Unfortunately, it is indeed falling at this moment and that is probably caused by the cancellation of the segwit2x that was supposed to happen th month. But we should not be worried about it but rather take advantage of the backdrop and invest to Bitcoin. It woll eventually increase just like what usually happens whenever its market value is falling.

Yes because they cancel the segwit2x that's why bitcoin has fallen but it is a good news for altcoin holder because as you can observe during the high price of bitcoin the altcoin really decrease. So I think all altcoin holder would celebrate. But it doesn't mean that bitcoin will decrease but it will increase by the end of this year.

martin1221

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Dont worry that bitcoin price is falling, instead just take this opportunity to buy bitcoin,the fallen of btc is cause from unhappened segwit2x of the past days.

engrshu

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Quote from: JCO05 on November 12, 2017, 01:17:03 AM

Quote from: Marian21 on November 12, 2017, 01:13:21 AM

know someone what happened? Huh

Unfortunately, it is indeed falling at this moment and that is probably caused by the cancellation of the segwit2x that was supposed to happen th month. But we should not be worried about it but rather take advantage of the backdrop and invest to Bitcoin. It woll eventually increase just like what usually happens whenever its market value is falling.

I don't have a strong basis, but I think because of the cancellation of the upcoming fork, many investors decided to invests in altcoins, causing for BTC to drop. Anyways, the drop didn't happen long enough, after hours it is rapidly recovering. No worries, bitcoin will still bounce back whatever happens. Don't panic too much, if you see a btc drop, then use the chance to buy some while the price is too low.

secdark

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Quote from: yhan2x on November 12, 2017, 07:30:31 AM

im very surprice that bitcoin was totally down almost $1000. i think its all about the cancellation of the segwit2x few days ago. but still the price of bitcoin was profitable to use. no worry to make. just work it out

I think that is one of the reason why the bitcoin is down right now but i dont know if they will still going to do the segwit2x i do read an article about which is i dont know if it is fake or true because they will not stop because of those 6 people that is stopping the segwit. Well wether they do it or not as long as it is good then i go for it.

killgald

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Don´t worry about it

probably it will get stabilize soon and go up again.

rushel22

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Quote from: yhan2x on November 12, 2017, 07:30:31 AM

im very surprice that bitcoin was totally down almost $1000. i think its all about the cancellation of the segwit2x few days ago. but still the price of bitcoin was profitable to use. no worry to make. just work it out

I agree with you, girl. We don't have to worry no matter what happen. Even though the price of bitcoin is falling now, we don't have to worry. Let us take it as an advantage to buy bitcoin because it becomes affordable to us. I believe that this price down will not continue for a long time. Just like before, it will recover and rise again so don't panic. Keep on holding your bitcoin and trust that it will back to normal.

yhan2x

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im very surprice that bitcoin was totally down almost $1000. i think its all about the cancellation of the segwit2x few days ago. but still the price of bitcoin was profitable to use. no worry to make. just work it out

Sophiea

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Me too Im really surprised what happened right now BTC value is falling right now but its ok i know things gonna be alright I hope it will increase again.

Prodigan786

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Quote from: lupinvn on November 12, 2017, 01:25:31 AM

Quote from: JCO05 on November 12, 2017, 01:17:03 AM

Quote from: Marian21 on November 12, 2017, 01:13:21 AM

know someone what happened? Huh

Unfortunately, it is indeed falling at this moment and that is probably caused by the cancellation of the segwit2x that was supposed to happen th month. But we should not be worried about it but rather take advantage of the backdrop and invest to Bitcoin. It woll eventually increase just like what usually happens whenever its market value is falling.

I've invested all of my last money to BTC at the price $5650, but btc still falling down and scaring me a little. I'm still put my faith in it and hope the situation would more bright in some next day. What do you think ? can you give me an advice or maybe just your analysis?

It’s better to take your profit now still you will be in profit if it is your last money in future days some more dump happens for sure may it will reach 4500$ to 5000$ . So take your profit and have a smile . Once it is dump some more you can buy .

mhayandal

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bitcoin price have fallen down maybe because there are a lot of people manipulating the price of bitcoin. I hope that bitcoin is going to be back the value the way they have before.

khaled0111

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Don't worry, if you sell now you will win 1k$ (6400-5400) per bitcoin but i am not telling you to do so just hold and everything will be ok again. It is hard to stay comfortable and don't panic.
Just take a vacation and go out for two or three days and do something you like, when you will come back and log in to your wallet you will find that every thing is ok.
Sometimes the best thing to do is nothing.

cold cool

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bcc rose sharply, the market capital flows to bcc, resulting in btc prices. But this is only temporary, bcc will fall btc will rise.

MIV.matteo

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I'm trying to understand what's going on right now reading as many opinions as possible. I must say though that whatever it is is quite charming and interesting in a way. This market is also nice for this, let's see what it deserve for us

bitqistchris

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Quote from: Pursuer on November 12, 2017, 04:05:24 AM

this is just temporary market manipulation like 100 times before.

bitcoin has risen too fast and too big but it was never in a bubble. the correction was down to $7000 and worse case scenario was to $6900 with a very strong resistance around $7000.
but with manipulation and force feeding people that it is a bubble, the fear was always there. with the SegWit2x being suspended, the FUD began which is led by bitcoin cash pumpers who want to redirect all the money to bitcoin cash market.

they have also manipulated the BCH difficulty in a way that it creates incentive for miners to go there and mine it. a miner who finds 1 block per hour is not finding 10 per hour on bitcoin cash so they obviously leave and that harms bitcoin temporarily.

and when all that is with lots of FUD and panic, the price crashes like this. but as you can see there are whales buying the cheap coins and will continue manipulating the market until this BCH attack comes to an end. by then there will be a jump back up above $6500 initially and then an accumulation phase and rise back to $7500+

+1. this is exactly what I think is happening and what will happen in the next few months.

Shenzou

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Quote from: modsa on November 12, 2017, 05:33:58 AM

Quote from: Pursuer on November 12, 2017, 04:05:24 AM

this is just temporary market manipulation like 100 times before.

bitcoin has risen too fast and too big but it was never in a bubble. the correction was down to $7000 and worse case scenario was to $6900 with a very strong resistance around $7000.
but with manipulation and force feeding people that it is a bubble, the fear was always there. with the SegWit2x being suspended, the FUD began which is led by bitcoin cash pumpers who want to redirect all the money to bitcoin cash market.

they have also manipulated the BCH difficulty in a way that it creates incentive for miners to go there and mine it. a miner who finds 1 block per hour is not finding 10 per hour on bitcoin cash so they obviously leave and that harms bitcoin temporarily.

and when all that is with lots of FUD and panic, the price crashes like this. but as you can see there are whales buying the cheap coins and will continue manipulating the market until this BCH attack comes to an end. by then there will be a jump back up above $6500 initially and then an accumulation phase and rise back to $7500+

+1 Agree. people write manipulation stories after every big pump. because everybody know that is fake pump. even tough miners support bcc who care? People trust bitcoin not miners coin and definetly greedy miners know that truth.

We all know that, but what pushed miners to start supporting bcc is what caused the price to go down, the difficulty when mining bitcoin has increased a lot for the past few days and that puts it at a disadvantage, because with less miners on the bitcoin the higher the fees are on transactions, on the other hand bcc had a very slow start and poeple didn't care about it, all of this makes as think that this was a strategy made by the devs all a long just to make bcc succes forcing miners to get into it, but i don't think that this will go on for a long time, i am sure shortly things will go back the way they are because no one really cares about bcc.

modsa

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Quote from: Pursuer on November 12, 2017, 04:05:24 AM

this is just temporary market manipulation like 100 times before.

bitcoin has risen too fast and too big but it was never in a bubble. the correction was down to $7000 and worse case scenario was to $6900 with a very strong resistance around $7000.
but with manipulation and force feeding people that it is a bubble, the fear was always there. with the SegWit2x being suspended, the FUD began which is led by bitcoin cash pumpers who want to redirect all the money to bitcoin cash market.

they have also manipulated the BCH difficulty in a way that it creates incentive for miners to go there and mine it. a miner who finds 1 block per hour is not finding 10 per hour on bitcoin cash so they obviously leave and that harms bitcoin temporarily.

and when all that is with lots of FUD and panic, the price crashes like this. but as you can see there are whales buying the cheap coins and will continue manipulating the market until this BCH attack comes to an end. by then there will be a jump back up above $6500 initially and then an accumulation phase and rise back to $7500+

+1 Agree. people write manipulation stories after every big pump. because everybody know that is fake pump. even tough miners support bcc who care? People trust bitcoin not miners coin and definetly greedy miners know that truth.

Topic: why bitcoin price have fallen today? (Read 1551 times)