Bitcoin Cash and chinese miners.
A lot of people panicked due these rumors about BCH replace bitcoin.
A lot of people panicked due these rumors about BCH replace bitcoin.
Nah, it was just Ver and his whales dumping the coins at cheap price.
Topic: Why the drop? - page 2. (Read 707 times)
Nah, it was just Ver and his whales dumping the coins at cheap price.
It happens but you wont have to worry about it.
If I were you I would focus on hoarding more.
Remember, Christmas is coming and you dont want to be late in celebrating it even after the New Year's Eve. You might be looking to a better price than what it is before it dropped.
If I were you I would focus on hoarding more.
Remember, Christmas is coming and you dont want to be late in celebrating it even after the New Year's Eve. You might be looking to a better price than what it is before it dropped.
Probably very similar to what happened a few years ago. Bitcoin went way up and super fast, and then it slowly corrected itself. This is what we are seeing now and it will correct itself to probably around 3-4,000 per coin. What happens next who knows.
Well some do know particularly those who are manipulating bitcoin prices but I digress. I doubt it will reach 3-4k a coin because that seems a bit low but I would not be surprised if bitcoin reached close to ~5k again.
Bitcoin Cash and chinese miners.
A lot of people panicked due these rumors about BCH replace bitcoin.
A lot of people panicked due these rumors about BCH replace bitcoin.
Probably very similar to what happened a few years ago. Bitcoin went way up and super fast, and then it slowly corrected itself. This is what we are seeing now and it will correct itself to probably around 3-4,000 per coin. What happens next who knows.
Would have been nice if it's possible to determine when this will happen although that's probably impossible for small players. I remember selling off a few months ago when the price suddenly spiked, expecting a crash. Didn't happen.
It's the way the whales get their money 
. They sell all their Bitcoin at the peak price then dump it by some ways then buy it back at lower price. You can see few days ago Bitcoin price dumped from nearly 8k$ to 5k5$ really quickly but for now it's being stable aroung 6k5$ because the whales got what they need )
. They sell all their Bitcoin at the peak price then dump it by some ways then buy it back at lower price. You can see few days ago Bitcoin price dumped from nearly 8k$ to 5k5$ really quickly but for now it's being stable aroung 6k5$ because the whales got what they need ) 
Bitcoin dropped last week but is going up again. It dropped because traders were counting on the fork to get free money. Once the cancellation was announced, they dumped Bitcoin for Bitcoin cash and made big profits. Anyway, this is just a temporary attack. Bitcoin has some problems, like transactions taking too long, that should be solved. Then we'll see it going up again.
Usually, when a coin has a spike like the one we experienced with BTC, it is normal (and healthy) that it corrects.
So, do not panic
So, do not panic
BTC had a sudden spike that couldn't be maintened in long time so it's correcting itself now.
Probably very similar to what happened a few years ago. Bitcoin went way up and super fast, and then it slowly corrected itself. This is what we are seeing now and it will correct itself to probably around 3-4,000 per coin. What happens next who knows.
It was not a gradual drop but a $1500 fall. Bitcoin is now recovering and is at $6500 ob bitfinex at the moment.
I'm not sure I understand, that after getting so high. Why there was a gradual fall in the BTC value?
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