Bitcoin Forum

i am slightly shaken, what exactly is causing this price drop? is it normal?
i wont be dumping but i am still interested as to why we are experiencing a drop

It was margin call on bitfinex.
Boys and girls who played with leverage just got busted and lost their money.

On Bitstamp, where leverage is not allowed, price dropped just to $221 and then went up to $230+ shortly. It's only 13% move.

The whole fork thing must be having an impact for sure too. Lots of people that don't know whats going on (which is in fact the majority of people out there) instantly think of a doomsday scenario whenever something happens within the Bitcoin world.

I think we might see a dip below $200 before heading up again.

Placed some buy orders on $196, $185 and $170.

Not sure what has the market spooked like this but I'm sure the price will recover again, if not this week maybe the next or even a couple after that. I'm in it for the long run so will buy a bit on the dips and see where this goes.  

okey... as we know if the price is not stability..
this is risks with BTC, we daring to join here, we should during to encounter with anything risks will be happen..
but, never give up, and stay trying if want to succes. just enjoyed, high or down the price, its okey.
cause this is real fact we should to face.

It used to be that way, thanks in part to Mark and his shenanigans on MtGox. Now it has been more of a relaxing steady decline with a few little small climbs.

I am not losing faith in bitcoin, but it is hard to keep getting beat down for so long.

price drop when there lot who sell bitcoin..
but if you have some faith in bitcoin
the more important right now is how many can you get until the price get higher

I don't care at all about the price. That doesn't matter. The real issue is with the future of BTC, and its scalability. What is going to happen is the number of transactions grow ten-fold? This is the real problem.

And that, I think, is what many have perceived, have sold, and have brought the price down.

The blocksize and XT debate is huge, and that has to be reflected in price.

I'm not scared as I just sold my bitcoins yesterday when the price was $250-$260. The price has reached $220 almost and it has come back to the amount it was at 2 months back and it will again increase. I wonder when it will get above $300 now as since months it's stuck on $200-$300.

Why scare?

We have been in 2XX the whole year,and even 1XX, that was just a flash dump and produced that price,it will go up again

Bitcoin is really 5-10 years away from being mainstream imo.  Buy coins now and put them in cold storage and forget about day to day price swings or you will go gray.  Now if price doesn't get a bump around the halving I will be a little concerned.

not the price, it is the events surrounding the price that are scary.  Some will say manipulation....no shit, but its seems rather convenient timing considering the xt garbage.

Plus the fed rate stuff today, not sure how relevant but i'm willing to bet a hike will cause a further drop, and that the xt drop isn't over yet on top of it.

Where do you guys live? In the bushes? It's on television, "bitcoin at risk of split"

Gavincoin, nodewar, hardfork, hostile takeover, bloated blockchain, etc.

The blocksize war is scaring investors away.

It's looking rather not so good for the upcoming months or years. Coud well fork in two chains, then what? People don't take that risk.
I say double digits by years end. Recovery will be slow.
Trust is hard to win and easy to loose. Thank Gavin for that shit, he ruined it pretty much with his childish behaviour. He needs to go, maybe then we can recover.

no i'm not scared
i have a good feeling Bitcoin price will increase and back to it previous floor price at 280

Grrrrr,

This Friday is my normal time to buy. It seems like I never get to catch one of these dips.

Not scared here just another normal day!

ive never seen the price drop below 200 $ will the low priced sell orders just be soaked up by people with a strong hand

The only thing scary about the current price is how easily the market can be manipulated.  The big wall street boys will have a field day if this market isn't secured before trading goes live.  I assume that's why the Winkiis are currently onboarding institutional customers before launching their exchange and ETF.

This is simply not the case. A trader made a large "poop and scoop" on bitfinex last night, leading to the flash crash and subsequent rebounds. However, the volatility caused some panic sells,allowing the price to drop. The debate may have induced some of the panic, but it is not the cause.

after price touching 170 this year, I'm kind of imune to fear caused by dumps and fud

it is scary, actually its unnerving too.  I think the fact that now we've seen how fragile btc price is people will be very cautious about buying and holding for any period of time.

no this isn't the first time this has happened, but the whole sell sell sell at the drop of a hat thing is kind of getting old.

Will BTC recover its public image?  I dont know, but if I'm a retailer, I'm staying the heck away...

The price drops fast but don't forget it's a two way thing. It could increase rapidly too.

When it finally increases there won't be much warning and if you aren't holding btc at that point there will be some crying bears.

The most of us seem to have forgotten, when to buy. Currently there is enormous uncertainty in the market. That is great, if you have the balls to invest now.

If a solution for the conflict is found say "goodbuye" to the current prices.
If no solution is found it means we are either forking or we are not. In the first case many early adopters will sell their stash resulting in really cheap prices, which is good in the long run because it favors broader distribution! In the second case nothing will happen.

Be greedy/bullish when others are fearful. Nvertheless have some cash ready, if some early adopters like Mpex are going to sell-off their bitcoins. -> Very bullish sign!!!

Oh yeah! When there's blood in the streets.... remember! :)

I am not afraid of this market manipulation... it was manipulated in November 2013, it is manipulated today and it will be manipulated again in the future because BTC market has no liquidity: it's easy for speculators to cause drastic changes in the BTC price.

I'm not scared. Just bored.

This was all due to Lazy FUD XT , hope bitcoin will take a dip to minimum of 200$ and will then again hike up with proud , leaving all nasty haters.
Today the last or second last day of Minima.

The price drop leads me to think that the XT fork is hurting the coin.  However, I appreciate that it might just have been a margin call, that would be great.

I don't get why two guys, who have to have a lot of bitcoin, are pushing this fork so hard and dropping the value of their bitcons so dramatically.  Two weeks ago we were knocking on the door of 300 USD, now I agree, looks like below 200 is very possible.

I'm holding my coins, but for the first time am really debating the wisdom of doing so.

Is the price scaring anyone?

why would it? surely we can all grasp that the people with the power to manipulate the market to get cheap coins also want to manipulate it up sell those same coins for as high a price as possible at some future stage

Someone using the "uncertainty" of the fork as reason to dump, just as Greece was a reason to pump. Gemini will be here soon and the price will be going up. Manipulation is big right now. It will decrease when market cap gets bigger most likely, unless they orchestrate together.

It will all be ok. Price will go up leading to the halving, this just probably a attempt to dump the price one last time before it takes off.
Final despair.

I feel the real scare will come once we actually get to the bitcoin split.

Or the transfer times of people knowings whats going on with the btc xt process. traditional wallet owners not online ones will see a difference in speed but not sure how much it`ll weigh in to effect price.

why get scared lol i always think that the price is always changing for the better in the future
just hope for the best
i will get scared when bitcoins price is less than a dollar
which is most likely not to happen anyways

not yet, but if it continues this way, it will scare me.

The reasons for this crash appear to point to margin trades that occurred on the major Bitcoin exchange Bitfinex and not the controversy rising from the Bitcoin fork.

I thought that a member with PM if you wanna make some money as his personal text would know what is happening with the BTC price, especially since we are at such a critical point in time for bitcoin.  :P

If you had of researched this for 1 second you would have found your answer instead of starting a new thread.
There should be a Search bar at the top right of your screen- Use it!

Wiser words were never spoken. When the real bull market takes off after the tepid have tasted and sold, there'll be sad faces all around but many happy bulls. Bitcoin only rewards those that have taken a major blow to their usd value of this coin and then moves on up into the clouds. So, if you don't have a stomach lining made of steel in these parts, be tough or just sell to whoever will buy you out. Or, if you're a troll, just sell out and leave at this point.

I guess most people see it to not scale so well.

Hence why people did sell off, unless the bitcoin xt serves the scale part since it process or helps more transaction if speed is the real issue.

No im stll holding my bitcoin

This feeling will never die.

We can feel this way for years on out, and it`ll be 2020 and still see this. Btw, the current price is making me feel like the recovery will be huge for some odd reason.

It usually does some bull crap recovery out of no where back to high #`s.

BTC can go to $1 for all I care. I'm long-term hodl.

this price is a great opportunity for people who haven't bought yet to do it now. if they still don't buy then they are too scared or waiting for a price that will never happen anymore.

This Gif didn't explain reality ... bitcoin has been free fall in last years ....

so if someone were to buy right now, and btc goes to $1, that'd be over a 99% loss.  how does holding make a difference?

just inclinate the left side of your screen but 45 degrees and you will have the correct feeling :(

Price never scary others . SomeThings like xt bitcoin , few coins for all people in the earth , probability across privkeys and other thing scare people .

I'm lovin' it! Time for some McDonald's, yum.

Yes just start buying some small quantities to jump into the bitcoin world. But one should be prepared for worst case also.

Nope.It's not scaring me. It's more the opposite. This year is a great opportunity to accumulate more coins for a really good price.
We have never under $200 this year for a longer time. So the low 200s is a great entrance point.

Not scaring me at all. We are still well over the 160 bottom in January 2015. We had huge resistance at 200 this time and are only down a net of 15 bucks after flash crashing from 250.

Hope it will drop under $100.

Then we will see who is having balls and who not. I am praying to see this :)

i am not scared at all, im more scared when the price starts to go up fast as it can possibly make me rich if it will go up fast

a few months back I thought it would drop to double digits, now I am about 90% certain it will.  It may only stay there for a VERY short time, but if you are paying attention and have buy orders set you should catch some cheap coins.  THOSE would be some "cheap coins".  All you gotta do is follow the news, and when the dissent/disagreement within the btc community gets bad, then the price will probably go down that far, for a short while

How do you set up automatic buys on coinbase? Say, for example, if I want to automatically purchase X amount of coins if the price touches $200?

I still check the price everyday, it's something I still need  I will admit. but this is a long term investment, and I am glad , 'cause one day in the future I'll be able to just relax and look back at these times and just laugh.

I'm not really scared of this low price, but I am scared that Bitcoin XT will be implemented and my coins will become unusable or worthless.

Should I be worried? Any high level programmers here worried about the same thing?

From what I've gathered, if you aren't running a node, your coins will be safe regardless of what happens (both pre- and post-fork coins). If you are running a node on Core, and bitcoin XT prevails, you'll have to switch to not lose them.

This price is scaring everyone  :'(

As soon as developers and people at respected positions and followers in our little bitcoin word started bashing at each other with those xt vs core deathmatches,
it was obvious that the price will decline.
There is no reason to fear, because now is the time to cash in on the drop, sell and rebuy lower. The downfall will stop as
soon as the dust settles, and prices will recover, so in the longrun everyone is safe, until then, like i said, cash in on the fear and confusion.

i have got no more to invest :), so you think that 200 - 250$ is btcs stable point ? or do you think it will get a bit higher?

Nope not everyone dude, there is a chance to stack some cheap coin. If you have spare funds don't miss it.

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OP the same thing is causing this price drop that causes every other price drop. Whales having a whale of a time playing on peoples fear about the forking mass debate  Cheesy (bitcoinxt drama) and not to mention getting some cheap coin for their troubles.

I think the most probable scenario is that there is a human trader (or a group) with large resources gaming the bots.  When we get a large move it seems to rebound and then sit around for a while until the nerves settle to make sure it's not for a fundamental issue and just some gaming going on.  It also seems to sit in that area whatever 'that area' is, as if the actual price is not that relevant yet to many, just that nothing has happened that breaks the system.

XT/fork/disputes are a factor I'm sure, though less significant.

As for block size and transaction capacity, I think that depends on what Bitcoins most popular use case turns out to be.  If it's 100 people moving $10mill each per day then it's no issue.  If it's microtransactions of a few cents by a couple of billion people then it would be something that needs attention.

The only problem is if the price suddenly shoots up and you keep waiting for cheaper coins.
You wouldn't want to miss a bull run.

i think is better that way ...maybe the price of bitcoin will stop around 250$ ...is not so good to oscillate from 1000 to 200 ..

Do not move the opposite direction of the trend market. the trend is sell so sell or hold your coins ...... never bought Steps by Steps at lower levels ......

There is a lot of potentials to seeing price lower than $160 even $100 and even $10 again .....

The bitcoin project is failed in my opinion but is was a good start for changing the rule of economic relations and banking technology

The first price is only 10cent come on don't compare it, dont make people scared

All bitcoiner keep hold your bitcoin :)

Price doesn't scare me. I'm used to this behavior now. I'm sure this wont be the last predicament that causes a fall in value.


The price will fall whenever their is uncertainty or bad news or eve rumors or news.

It's a happy moment for me, I suppose both up and down work just fine and make no difference in meaning. lol

Every one is thinking it will become better and better but since last one year btc price nothing has improved so need to be very careful when you buy more quantity at one time.

this forum is full of people comparing the bitcoin price now to when it was 2013. for some reason they are too much thinking about the +$1000 peak in 2013. people must look forward and focus on new levels as $300 and $400, and not $1000.

I'm not sure how simply being decentralized would be attractive to companies.

I think its great that some larger companies like dell and overstock have started to test the waters and take btc, but reading about the losses incurred by overstock, I doubt many more will be jumping to start taking btc, at least any time soon.

The price drop is due to the bitcoin XT drama.
But it is not scaring me and I am currently laughing at those people who are selling their bitcoins at this much low prices.

You really think these are low prices? You would be sitting really good if you sold every time someone said this.

Price of bitcoin at time of post: $503

Price of bitcoin at time of post: $260


etc, etc, etc...