Bitcoin Forum

I woke up and was shock to see the price of BITCOIN fell very sharply, what happened?
current price $237

Bitcoin XT and associated FUD happened.

yes I was so shocked too and never thought the price down with very fast and now the last price of bitcoin reach $233

What is this video? is it your, just posted to increase view counts?

No valuable information in this video about btc price drop.

Just shows a bunch of a-holes dancing around and posing like wieners.

And yet again we can see 20$ price drops overnight. First step to mass adoption should be to prevent such things; bigger market, more trading more stable prices.

Last time swings like this happened it was about to lift off to unkonwn heights! Litecoin has held remarkebly stable (LTC/BTC), maybe this will be the safe haven untill the XT shit is over..

The launch of Bitcoin XT is the very reason why the price went down, more than 10% of the network shifted from btc to btc xt in under 72 hours, causing crash. The btc xt is growing to be a separate currency now and I think there are more cons to it than the pro, its effect on market s pretty negative. It increases the 1mb blocks to 8mb blocks for more capacity, being the very reason why btc software doesn't support it making it an individual currency.

You mean to say now bitcoins don't have any future? Need to sell and shift to bitcoin XT?

I mean to say that ofcourse, the capacity needed to be expanded but the division of two separate entities is killing the authenticity of the currency, I think the Btc XT project should be modified or killed asap, it is not benefiting the community on a micro level, and I believe bitcoins do have a future, and I will never sell and shift to anything else, to hell with the XT bullshit. btc all the way.

yet above 200, i'm not worried until they can break 200, the fud about the XT thing should not be so strong to dump the price even further beyond this crash

I'm also not selling any of my coins and holding on to it. Let's see how long it will go and take U turn.

The worst-case scenario for the currency is that both Bitcoin XT and Bitcoin core continue to exist alongside each other for a long period of time. In such a situation, the currency’s uncertain future could prove permanently damaging to its prospects.

and why many are selling their bitcoin, so bitcoin price to go down,
that means many are beginning to be afraid to use bitcoin, and switch pro xt ?

Just got online, price at $236 with a 20% increase today, it was a rough night...

There was a flash crash on Bitfinex, some whale just made a lot of money and a lot of traders either got stopped out or margin called  :-\

yeah like nightmare :D lol
there will be a decrease in price again tonight ?

Whales were involved, there were major dumpings worth 25 million dollars (approx) and that was moments before bitcoin XT was officially announced. People in market got scared watching this and panicked, and just after they see 3 whales dumping their btc, they dumped theirs too. I don't think the XT vs core battle will take place, because if it does, I'm uncertain about btc's future.

yes, you're not wrong
any kurs fluctuation today at our coin favour,

It is exactly the opposite. But people are under influence of FUD and started to panic already. Bitcoin users are very sensitive to any form of bad news, you should be aware of that.
Even smallest not-so-positive news can cause people to panic, while ultra positieve news only rise bitcoin price a little. The best answer is always to wait.

I dont know look like price will crash again but i hope is will not happen. Will see price want to go up or down.

they say it will be stable. and some people say it will increase due to half block reward.

Whales are out and some bigger accounts have follow'ed suit, anybody have any idea if we've seen the worst of it yet?  Is XT any closer to 75% adoption?

The price has declined for more than week so a lot of people sold their bitcoin to stop their losing

we can only hope this nightmare soon end and back as before  :-[

I think it's only temporary,, hope  :'(

This fall in price is due to large scale panic selling and some small scale smart buying.
Bitcoin XT should go away as it is going to destroy the bitcoin and the idea of decentralization behind it.

Many people have made a lot of money on this!

Well people, do not expect the price will be stable until all of this situation with the XT fork and bigger block size doesn't get resolved. We may also see more of the panicky sells as the one that happened yesterday. I guess we will have to remain patient and carry this situation out since I see that everyone are quite nervous about the current situation in the Bitcoin community.

They're called weak hands  ;D.

There are some switching over to XT. I personally am going to stick to Bitcoin Core and hope this fork dies. We already saw what effect it had on the price.

Ugh so here comes the struggle again. Months to get back to the $300 range, then a slow decline, and the the big boom. Just sky rockets down so fast lol.

it takes months to build up a certain price level, and just a day to make all the hard work vanish. we need to have patience and hopefully we're not going down much more than this.

dem struggle is real to pull back up that price to 300$ tho
but prices go down in an instant XD
maybe gravity is pulling the price down XD

Slow uptred seems to emerge. Still testing a trading bot of mine, so far it worked OK and now it said buy in. Although sudden drops are pretty hard to predict.

exactly, im sure that we are giving a bad image, i mean with all those discussion about core vs xt and you know, people fall in panic so faster and easy, maybet thats not the only one reason, but I'm sure it has influenced.

My advice.... Buy cheap Core Bitcoins while you can. When all of this bounce back, we will see a significant increase in the price.

Bitcoin Core have been very resilient over the years, and have bounced back through worst problems than this. {MtGox / Silkroad / BitLicense .....} I am putting all my eggs into one "Core" basket.

I back them up with some extra node support for Core.  ;D Let's not count our XT chickens before they have hatched.  ;)

Price going up and down that much is nothing new in Bitcoin country.
For new people here that might feel horribly in the beginning. But after a while you get used to it. ;D
So don't worry. Price will have better times in the future. But last and this year is not easy after the last mega bubble Bitcon had.
Furthermore the actual dispute we're having (Blocksize increase or not) doesn't make it better.
Patience and loooong breath is needed to see a constantly rising chart.

yes the price went very down but it will go more down just wait  :)

If Bitcoin XT gets more than 75% acceptance by the network then yes Bitcoin prices will touch the ground and maybe go under it.
Bitcoin XT makes the double spending of coins mined before it possible, so it is gonna destroy Bitcoin.

yeah it will go down more faster than going up
just because of the forking
but bitcoin will never die 

BTC mining farms worldwide are working around the clock, therefore of course BTC price can go down  :o If there will be more BTC users or something another in BTC market, price can go up  ;D

i think price will go up after a few weeks bitcoin will never crash to zero as a lot of people are interested in using it

I like how people are scaremongering, and opening up 10 threads about panicking when bitcoin price is down.

Look guys, it has already happened before, some coward weak players are exiting, so what? Bitcoin will never die, because the fact that so many people are panicked, just proves that people are very interested in it, thus after they hit themselves with a bucket of cold water, the price will go up :)

The only way its price could fall to zero is when there's no adoption left an everybody hates bitcoin, the technology has issues and it all shuts down, or people choose an alternative and stop using bitcoin, and a proof of all of that would be the number of fall in trades in between, if there is no bitcoin, its price will pretty much be zero.

UK stocks bombed today but I doubt their price will go to zero. Be patient.

yes, the current bitcoin prices are down dramatically
I hope this is only temporary

Oh no.... Not that argument again.
Stock markets are unlikely to go to zero because companies do generate cash flows and there is intrinsic value associated with them.
Bitcoin is a different story all together.

it is temporary, the price should rise again when all this FUD with the fork related stuff settles.

Any idea when? how you can tell it is temporary? The price of bitcoin 1000+ in 2013 but after that it never show any sign to reach half the price of all time high. So on what basis your saying it is temporary

no, it's not right.
There was also a time when bitcoin reached around $600 after that 2013 $1300 pump.
So there are always some swings in bitcoin market and it's prices.

do not expect that the BTC can be translucent at a price of $ 1,300 again like in the past
BTC price of $ 233 now, whether to increase or decrease

I'm also not hoping that price reaches to $1300 in just a few days.
The market was more volatile at that point as compared to now.
With my reply, i was telling MinerHQ (https://bitcointalk.org/index.php?action=profile;u=373043) that there was also a time when the bitcoin prices reached to approximately half of the 2013 prices.

BTC never reached $1,300. The peak price which was achieved in Mt Gox was $1,242 (on 2013-11-29). And this was solely achieved as a result of market manipulation by the Mt Gox guys, who rigged the order books. And at the same time, the exchange rate on BTC-e was around $1,050. The spread was almost $200 per coin.

this flotations are good for speculators i stick to the regular prices like 250 300 dollars to trade after

yeah maybe the price floor will stay at 230 - 250 $ this year tho
hard to pump the price up now

Agree i never have dream bitcoin reach up to $1300 and i think around 500-700 is possible. Even now price drop, im still believe price will up before halving

Last time, the price went up after the halving, and not before that. I hope that this time also that will be the case. But there is a chance that Bitcoin might go to sub-200 prices before that might happen. A number of factors will affect the exchange rate, including the strength of the USD, health of the global stock markets.etc.

Not all of them, most of cash flow in a company is just buying back shares with printed money.

Financial companies dont generate any income other than playing around with the markets. They will most likely reach 0.


Not to mention every company has a greater debt than income ,so if they go bankrupt due to the pressure, they will reach 0.

I seriously dont like the BITCOIN XT approach, it will really divide bitcoin, and ruthless miners dont seem to care ,they just want to mine some easy coin.

We the savers who saved our money in bitcoin should be the one protesting against their imbecility, and the devs who push this XT crap.

Damnit why cant they just fking increase the protocol to 2 MB and leave these craps. Or use an offchain model like bitpay or whatever.

We do not know for certain that it will "really divide bitcoin", perhaps a huge majority will support the only remaining valid fork?

A consensus is always preferable to this kind of fork concurrence, don't you think ? 

ya expect a few more weeks will go up. perhaps bitcoin will rise after a problem bitcoin core and XT finishes.

It has already divided many, but its clear the majority don't want it, but if that's the case then it will not succeed. The whole situation was handled very poorly.

Yes all bitcoiners are hoping for that and situation also looks good but may need to wait for few more months to raise prices again.

Fear of failure Bitcoin Project ..... and the last one was Bitcoin XT ....... Bitcoin network has many Defects that discovered over the time ......

price will down and down and down. so sell your coins now before price is lowest than now  ;D i'm already sell all my bitcoin and wait price down under $200 i will buy again bitcoin

Actually I can sell mine because I'm bought bits at higher rate. If I sell , it means I making more loss.


Yeah it's make a headache every day because of this incident

You buy them for 200$, and tomorrow the price will be 190$, then what to do?

quoted from other page :

"they see the charts go down a bit and get all emotional. they think the money is gone, not knowing the concept of unrealized vs. realized gains/loss"

Its more like 200€ so 220$ right now. It could go to 190€ which is a 5% DD, so i guess just wait and see.

I dont know if you want to enter the market with pinpoint accuracy, or that its even possible, because as soon as it hits 190€ so many people will buy that you will be lucky to get it at 220€, so i think its better to just buy now at 200€.

good luck with your selling. waiting for the price to go below $200 might not happen at all. however, it might go down to very low $200 level. but it's definitely not worth selling now and hoping to buy back a little cheaper.

Because when you buy again you have to pay big comissions (if you deposit from credit card) or taxes like sales tax, etc...

Its better to buy & hold forever, or until btc reaches 1 million $, then buy a lamborghini directly with it.

i bought some coins yesterday because i don't think it will drop below $200 so from that view it's a good investment for me. and if it goes below $200 i will buy some more.

bitcoin wont neverever hit a million not this time or next year not ever. many people will soon use bitcoin the price may go down!

well we aint having too many options though, since most of the people are agreeing with the bitcoin split.

so theres not much with if, its a matter of when we all have to hope on bitcoin xt..

Bitcoin was a excitement that Has been subsided

What do you mean? yes the price of Bitcoin is still low but im sure bitcoin will survive and come strong again. bitcoin always get too much of a issues

This a valid statement on a forum about bitcoin? Sounds like you are giving up on it's potential.
 :-\