Bitcoin Forum

More harsh times for bitcoin across the horizon.
Now that merchants are stopping accepting bitcoin in their stores we can expect a significant (20-30%) drop in the next weeks.

Of all the kwukduk's callings, this one will probably come to fruition. I'm shorting the hell out.

Would you tell me what merchants stopped accepting bitcoin ? I did not hear news about any store was accepting btc and stopped, even Microsoft they return in their decision

Yes indeed witch merchants are stopped Microsoft made a mistake but that was all these days.
Other than that there a now big company's stepped out or something...

The bitcoin will not go to a higher amount anytime soon because nobody stepped out and it has in the opposite a good future so it will rise slowly with the stores that are stepping in.
Also another fact is that the bitcoin is growing by its users!

Even if it goes below $400 today or tomorrow, so what? We've seen the price go over and below $400 for several times now. Don't think many people are surprised by this small drop. It'a considered to be normal market action.

I agree with you that there is no legitimate reason for all that panic. I think there are a lot of traders how like to spread fear in order to push people dump their coins cheap then they make profit from the market movement

First and second poster are zionist banker shill spammers.  Look at both of their post history.  Every single post is "Price going to crash to $1 any second!"

The kwukduck account was bought by them a long time ago.

What merchant stopped?

Microsoft apologies aftar making that mistake and they still do accept bitcoins, i still wonder which are the other merchant that do not accept bitcoins anymore? Price crashed today for more than 11 dollars.

yeah, I agree. it doesn't really matter. the price has change to rise again and again even it will be down sometimes. so don't be too panic.

Hypothetically speaking... even IF a bunch of merchants all decided to stop accepting Bitcoin, would there really be any change in price? Bitcoin's price is, and has always been, almost purely speculatory. The only way merchants discontinuing Bitcoin would affect the price level would be if there was significant coverage on such events, but bad news rarely gets spread in this community.

Realistically speaking, yes, there would be a drop in the price. However, chances are it would be fairly small, since people that actually buy Bitcoin to buy stuff don't make up a majority of the user base.

There would be a drop in $50-$100 is all merchants got cold feet and backed out, but I think that is very unlikely to happen.

YES, it would cause the price to go down a little.
all the speculators are waiting for any kind of news to start buying or selling. history has proven this that with every bad news even if small price goes down and with any small good news price goes up. this is not the only reason though but it is effective enough.

i would personally like to see SUB 400, why would some have all the fun

Looks like a pretty solid bounce off of $403. I'm not quite sure it will go lower than that. But who knows, maybe we get another sale at $380! Or better yet, $370. Too bad I have no fiat to buy at those bargain prices. Oh, well. I had my shot, and I sort of took it. It's sort of turned out well.

finally we see something from kwukduck pop up in this forum again. let the price go below $400 again, don't see anything being wrong with that. some people will use sub $400 prices to enter the market and that will cause the price to go up as result. i am quite interested in knowing what merchants have been stopping their bitcoin payments. if you have such a big mouth you should name the merchants you are talking about.

Fun fact, this guy was predicting double digits In March 2015.


Here's an archived version. (https://archive.is/8XCfk) I wouldnt trust this guy's predictions. Whatever they are. I don't know, I stopped reading his bullshit a few months ago.

none it was a mistake about microsoft not accepting bitcoin anymore which is utterly false, and they also said so

this thread is again pointless, because everything is telling us it simple that there is price movements, which is again pretty normal for any healthy market

For every one merchant who stops accepting bitcoins there are 100 who starts accepting :)

and for every $10 that the price goes down i and many others are waiting down there to buy for 10 times the amount.

If you make like twenty bearish calls, one of them should be spot on, just from pure probability theory. Now, can you tell which merchants stopped accepting Bitcoin and what were their volumes?

There was a dump but I think we'll see the price trailing sideways before we see any decisive fall. There's some support right now and that already stopped the price form falling below 400, perhaps it'll keep like that for a while. Right now though, I don't think it would a good time to sort either. Those that bought close to 400 during the fall saw some quick profit but that's about it, not many interesting things happening.

3...2...1... Oops, it didn't work out for you. Without kidding, there is indeed a possibility of the price to dive below $400, but that possibility was always there. It's not that it just showed up.

When the halving occurs the bitcoin price cannot go below $400 or mining will be unprofitable.

we are in the horizontal channel $350-415 basically since the early January. There was one false breakout to the upside, but the run up failed short, because there are no arguments to go higher. As there are no arguments to go below $350.

Never say never when it comes to Bitcoin. We first need to see the real impact of the black halving on the price. If not much will happen then the probability of the price going below $400 will still be there.

If the price does go below $400 mining will be unprofitable and many miners will quit. That will leave bitcoin transactions taking a long time to confirm for a few weeks.

Miners who are not able to adjust will be out of business. The rest will be fixed by difficulty. No reason to cry about miners situation when the prices are low. They can stay low for longer than you think.

I think if miners will leave, and the difficulty goes down as result, it will attract other miners which will make sure the difficulty goes up again. It will solve itself again. At this point we can only speculate at what's going to happen. Only time will tell what will actually happen this year after the block halving.

price goes slide down go to sub 400, i dont think so! we already see price down to $400 than will up again this is just a game because the price already set around $400-$420.

Hey, aren't you that fellow who sold his coins for only ten dollars? LOL

The bitcoin price has not gone below $400. The bitcoin market price as of now is $410 per coin.

If you are waiting to get some sub$400 coins, you should keep being patient. I am sure there will be some more deeps (shallow but still) below that level. but there are quite many keen buyers.

Kwukduck has spoken : we can expect a significant (20-30%) increase in the next weeks. And it will happens before the halving  ;)

Its never gonna happen. Just after a long time recently the price touched the value of $410. Now it has crossed the $415. It will continue increasing in the coming days.

Yes, he has very good record as a contrarian indicator. It worked again.

sub $400 is not very far from now, though the price is moving up little by little, we are not so sure about its position yet,If it crosses $450 and stayed there, probably the sub $400 would be far enough..

Never? The price is only sitting at $415 currently. It doesn't take a lot to dump through the buy orders to get the price to go below $400.

It will rise of course in the future and that is very good. But you dont know how fast it will rise and how long and that is the problem.
We all hope that it will also rise after the halving, but personally I dont think that it will happen.

This statements could create a panic.. Though it is still possible to go sub $400, just relax, it won't be too long at that price..Think of it as bitcoin is giving us a chance to buy at lower price and hoard... remember that when we buy and hold our coins, we are helping to lift the price higher...

I think that's Kwukduck's hope. Unfortunately Kwuk's become something of an institution as a contrarian indicator, and the usual response to Kwuk's dire pronouncements of impending doom is to assume that price will rise - which, of course, it has. (http://bitcoincharts.com/charts/bitstampUSD#rg2zigDailyzczsg2016-03-18zeg2016-03-25ztgSzm1g10zm2g25zl)