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Topic: Why the huge drop in value - 15% as they say ? - page 2. (Read 300 times)

member
Activity: 84
Merit: 10
Probably because bitcoin rose too often a few days ago and needed to be fixed.
full member
Activity: 182
Merit: 100
Forks over

Bitcoin future got listed

Miners started to support bitcoin cash.

Some traders started to take profit from bitcoin

Coinbase listed bitcoin cash and one guy who used to be bitcoin cash supporter from very start stated that he sold all his bitcoin but who knows how much he is still holding.  Grin

All this might have affected the price of bitcoin, it will recover soon.

But all these effects are temporary on bitcoin. The rise will start again.
full member
Activity: 196
Merit: 100
Decentralization shall be the end of the Old World
Bitcoin Cash rally. It happened a few weeks back too when BCH had a rally,  BTC fell badly,  then BTC had rally and fucked every other altcoin.
hero member
Activity: 854
Merit: 500
Forks over

Bitcoin future got listed

Miners started to support bitcoin cash.

Some traders started to take profit from bitcoin

Coinbase listed bitcoin cash and one guy who used to be bitcoin cash supporter from very start stated that he sold all his bitcoin but who knows how much he is still holding.  Grin

All this might have affected the price of bitcoin, it will recover soon.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
Christmas must be one of the primary reasons for this correction currently. I also feel that coinbase adding bitcoin cash also seemed to have caused this correction. These kind of things are normal in this extremely volatile crypto market. This is how the market works. Don't be surprised if bitcoin touches 30k by the end of this year even after this correction. Make sure that you are willing to invest money which you are prepared to lose.
sr. member
Activity: 560
Merit: 260
It's just the market.   It goes up, it goes down.    The people who simply say it will only go up are just 'wishing' it up.   
member
Activity: 140
Merit: 20
Let's also remind that the other co-founder of Bitcoin.com, Roger Ver, the judas who stole Bitcoin's name in various fashions, admitted that he wouldn't sell all his BTC for BCH, acknowledging the BTC's value, and that it's what it is, a value.

The reason he want BCH to take over, is that he bought a massive amount of BCH's when it was near 200, and now stupid sheeps are helping make him 20x richer.
full member
Activity: 448
Merit: 110
Bitcoincash being listed on coinbase  and it's affiliated site for trading ,GDAX, is another factor for the dip. Coinbase is the leading platform for trading Bitcoin in the US but it's customers did not receive their bitcoin cash equivalent at the August 1 Bitcoin hard fork. With the recent announcement, that coinbase will start supporting bitcoin cash bitcoin started experiencing a dip.
full member
Activity: 504
Merit: 100
I think the future trading platform is more advanced from now on, and bitcoin prices will be much more expensive than now, hopefully we will find success in the future.
hero member
Activity: 1106
Merit: 638
A cofounder of BTC said that BTC is useless and that people should invest into BTC Cash

Can you Newbies stop mixing up the facts?! This is simple shit to not get wrong.

There is no official cofounder of BTC. The founder of BTC is Satoshi Nakamoto...and he's made no such public statement. He hasn't made a post on this forum for 5+ years.

The cofounder of BITCOIN.COM the website, wallet, exchange, news aggregator and forum...someone who's been a HUGE supporter of Bitcoin Cash since June or July said....blah blah blah doesn't believe in bitcoin blah blah blah.

The hunch is that he's dumped his Bitcoin and bought Bitcoin Cash. He's running up the price to bring hype and attention to the benefits Bitcoin Cash has over Bitcoin's deficiencies.

Seriously, guys, get the fucking facts straight.
sr. member
Activity: 382
Merit: 250
Hi, so now what on earth if going on with the price.
Lower than 17k , this is not great. It was killing past 19.500.

Any reason for this?

I would imagine these bitcoin future trading platforms getting involved is one issue.
Maybe im wrong

Love to know what you guys think here this is horrible for bitcoin, i would have thought the 20 barrier would have been broken by now.

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