Bitcoin Forum

Any idea hy bitcoin is dropping so fast? Last night i was expecting it to go back up a little so i could take some money out of it and put it in ETH, but now i'd sell with a significant loss. What made it drop?

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We peaked. Sentiment changed.  ETF denial combined with possible BTU hard fork has spooked the market.

Wait for the bottom, perhaps $800-$900(?) and buy in if you're a gambler, or HODL if you're stoic.

Anything under a 10% drop/rise is just daily variance IMO, no need to panic  :P. I think you're best of hodling atm since both coins are at their bottom I think. We'll probably see both of them rise a bit in the next couple of days. Remember cryptos are dangerous and volatile, don't trade with anything you can't afford to lose  ;) Also this post should've probably been posted in Economics or Speculation.

Because of BU (Bitcoin Unlimited) Bitcoin has been dropping since more BU blocks were mined than Segwit. Then yesterday the exchanges announced a joint plan to incorporate BU. The reality of BU is causing the drop.  

The market HATES BU but was fine when Segwit mined blocks were in the ascendency.

I have seen this play out in multiple crypto-currencies that push through a major change that doesn't have the support of the market. They become virtually worthless over the space of a few months.

when the price drops.. dont panic.

treat it as a discount day to buy in cheap before it goes up again

I would not call a less than 15 % drop dropping like a stone, people are just worried about the hard fork more than the etf rejection. With many exchanges agreeing to put the hard fork btu under its own ticker separated from btc as they forsee equal support for both tickers much like eth and etc. I for one am going to wait this storm out by doing nothing.

BU has done nothing new that has not already been proposed 2 years ago.
no deadlines. no agenda's no ban hammering of blocks or nodes.
no intention of splitting the network. they want one single network of majority where many diverse nodes collectively continue running on the network.

its actually blockstream(core) that have been vocal about causing splits and such.. but just baited the stories like they are the victims. not the perpetrators

the drama recently is from these guys
http://dcg.co/portfolio/  - DCG is owned by barry silbert.

and the corps that received VC funding are in debt and barry wants his money back.. soooooon. here is how much he threw at them
https://www.crunchbase.com/person/barry-silbert/investments

The irony is Bitcoin was actually strong, resilient and hitting all time highs despite ETF rejection and was likely going to the stratosphere, $2000+, now it's going down and will take years for the market to recover confidence if at all.



The market reacted to BU blocks being mined overtaking Segwit and to yesterday's announcement that BU might happen.

I don't care about the politics of any of it, I only look at the market reaction. The market appeared to be fine with Segwit, perhaps because it came from core and was perceived as a less major change - I don't know. But the market at every step BU has become more of a reality has said BTC is worth much much less.

Edit: I realise Segwit was unlikely to happen because it hurt the miners, but the point Im making is the market was fine with it. I think the miners should hopefully realise soon the damage they are doing and the potential for BU happening should decline.

I'm dumping my bitcoins. Bitcoiners become prideful and jubilant and need a lesson of obedience...

No, that will be a mistake imo, just wait and watch the charts

Big whales, normal variation bump/dump, +$1000 is reassuring, time to buy?

I'm waiting for $800-900 to sell my house and buy BTC...

Just creating a good opportunity to buy in again...nothing wrong here  :) :) :) :)

Good luck unfortunately ETH didn't recover for 9 months after ETC and it only recovered because of major investment by some of the world's largest players, furthermore ETH was not seen as a digital gold like BTC is.

When you make a major change that isn't supported by the market you can destroy the value completely. BTSX is another example 3/4th largest currency and rising a few years ago till they had the brilliant idea to have a 'value adding' merger unfortunately you lose all value as a currency and they rapidly became worth <10%.

BTC was on track for moon, why the human species consistently shoots itself in the foot regards currencies I'll never know. I guess that's why we chose gold, it's hard for a bunch of humans who think they know whats best at a specific time to mess it up.

BU, ETF, Brexit, China, Altcoins, Dutch elections. These are just a few of the factors that changed the Bitcoin price substantially. What I'm afraid of is Dash possibly going over Bitcoin's price, because a free fall is happening right now. The traders are scared. In some way I'm scared too. You just don't have any idea what's about to happen with the markets.. If there were so many decisions in only a few days, I'm wondering what one more similar decision would do to the Bitcoin price and community.

I think the price of Bitcoin drops sharply due to the appearance of Bitcoin Unlimited (BTU). Bitcoin Unlimited (BTU) is a bifurcated version of Bitcoin designed to allow users to customize their transaction block size via a graphical user interface. Bitcoin Core does not want to shift the power of power to other members in the Blockchain cyberspace: it's the miners and the owners of the node. At that time, Bitcoin Unlimited - by allowing block size to be changed based on demand on the Blockchain network, allows the technology to be freely changeable depending on the situation. These two versions seem to have made the civil war, the very high possibility that Bitcoin will be split into two versions: Bitcoin and Bitcoin Unlimited. About 20 exchanges have begun to plan for the case of split Bitcoin. Bitcoin Unlimited will become an Altcoin alternative to Bitcoin and tackle Blockchain's block size expansion. I think this has reduced the price of Bitcoin

This is just a correction. The price will rise again after it hits bottom. The problem is that we don't know where the bottom is. It could be $1000 or $900 or even lower.

Perhaps some have moved their bitcoin over into DASH? I missed it when it was much cheaper so will not be getting into it at this level, I wouldn't worry about the drop as it will come back in a day or two.

right, so if  exchangers going to list BU then why sell Bitcoin core.  Everyone sitting on Bitcoin will get same amount of BU for free. I am holding my bitcoins and if BU does happen then i can make profit by selling BU  or Bitcoin or both. In this scenario it does not matter even if bitcoin sinks down to 500 USD before BU is listed because  i will get same amount of BU and BU will be also around same price as BTC.  if i have 20 BTC  i will get 20 BU and i can sell them even att 500 USD and still  get profit. well you get the point

if anything people should buy BTC now based on fork and double chain .

Bad motives, hidden agendas, etc. Eventually it's all about certain entities that will greatly take advantage of this situation and earn possibly hundreds of millions of dollars. With Bitcoin there are no guarantees, people say, but the only thing that is guaranteed when it comes to Bitcoin, is drama. It's no surprise that everytime the price goes up nicely, we'll face whatever form of negativity that will cause the price so sink very deep. Current situation fits nicely in that category.

Doesn't look like it yet. Bitcoin has been steadily falling for the last couple days, and we just hit 990$. This is not good, I wonder if this is solely because of the BU hard fork that they are trying to push? Could anyone further explain it?

https://i.gyazo.com/d49bcfc90b708d5265cc99a470c74a3a.png


Looks like it will go further down to atleast 950$.


That's going to be a very risky investment.  :D

It is solely because of BU.

A small group of IT minded people, only look at the technical benefits but they have little understanding of what gives an immutable currency it's value and how changes should be approached. For all its supposed flaws BTC was rising consistently, resilient after ETF decline and heading to moon until BU overtook Segwit and now that it looks like it could be a reality.

To be fair, there are legitimate reasons for a lot of this negativity about Bitcoin right now.  The threat of a hard fork will likely make the actual value of Bitcoin significantly lower than it was before, even if exchanges generally regard BU to be an altcoin and reject its use to withdraw from exchanges.

Unfortunately one of the main causes of Bitcoin price manipulation, though, is that it's not popular enough already.  The market cap is under 20 billion dollars, and why that may sound like a lot, it's absolutely nothing compared to huge fiat currencies - there are several trillion US dollars in circulation, for example, and no one, not even groups, own enough money to manipulate it, especially when it's used by nearly everyone in America for transactions every day.

I agree and react in this way usually still finding out the reasons for hard falling seems an essential thing for a bitcoiner but I could not figure out why prices are sliding down. (these crypto news sites are always late to cover up market sentiments).

I just worry ETH is nearing 4 billion marketcap whereas bitcoin is losing its share can falling down to break below 16 bilion marketcap. I wish bitcoin to lead these statistics all the times so that new investors will chose bitcoin rather than going for some other cryptos. I believe we must find a concrete solutions to block size issue before it will become too late.

I think the BU could also do SegWit. It is in their road map. We need to drive down the transaction fee to make bitcoin useful to many people.

Big players like Vinny Lingham are spreading FUD. Granted, his position against BTU makes sense and he is right to be concerned, but remember his analysis is not impartial.

He and his friends sold all their Bitcoin. He only benefits from a short term drop in Bitcoin, hoping for Segwit implementation at which point he will re-enter the market. The lower the better at that point for him. "Hey guys, Bitcoin is gonna tank, so let's dump on the market and.... tank it." Hm.

So his predictions of doom and gloom only lend to a self-fulfilling prophecy that benefits him financially. Some will argue that tanking the BTC price will increase the urgency to adopt a solution to the blocksize debate, but I personally think it benefits no one. Stability in the BTC price is paramount in its journey to broad adoption. This drama is only hurting bitcoin.

https://i.supload.com/B1gvopghBx.jpg (http://"https://supload.com/B1gvopghBx")

I do not understand why you sold at a loss, this is prety unbelievable. If you believe in Bitcoin, such a low drop should not affect you that much. Real bitcoiners know this is nothing very important. For rise to happen, we need to be at a lower level than the one we are targetting. Going down a bit from time to time is something pretty normal, do not worry.

Blame it on the Winklevosses attempt at making it into a real money market hedge fund. ::)
Go figure. :D

But it has rebounded again like it has in the past again and again.
So disaster averted. ;)

Finally people can buy it again, the price should just go back to under 900 IMO.

Hello again 2014.

Sure this is a bit more of a drop than I like to see, following the etf decline bitcoin grew a pair and developed resilience, stabilizing at 1250. This BU bull shit snuffed all momentum and here we are. 300 dollars is more than the volatile dips we are used. Forced to hold as I will not sell on these lows but might as well gobble up some more as these prices are now more favorable!

bitcoin proves yet again that it is nothing more than a bubble
tomorrow the price goes to 700$,for example,
but the useful fools will stil ltry to explain it by the "market movements","negative news" etc.
in reality its manipulated by the big holders and miners and you can do nothing to change it
just enjoy the ride

You would not end with a significant loss OP if you have decided to hold that for a moment since it's price will rise again someday. I think it would be nice to see price go up again even if it takes a long time we will see 1200$ price ranges again. Maybe in weeks or months we will be back again to 1200$+ but for now let's just wait and see what will happen and if you still got bitcoin, HOLD.

Yeah right, he should not sell bitcoin when prices goes down, too fast take a decision and that wrong. In fluctuations, the price fall that very reasonable and if you can be patient and trust definitely price will recover and become higher. It would be better not to sell but to buy some bitcoin, that will be able to get profit. Panic selling will make getting a loss, that should be avoided.

I would like to this words come true. I am waiting for the time to bitcoin fall to buy some. And if the fall is going to be so low - I am gladly ready to it happen.

today bitcoin're getting a negative thing. I do not know what influences bitcoin, but this time it happened was so bad.
bitcoin prices decreased with extremely high. we must continue to maintain the price of bitcoin to not decreased.

I'm pretty sure there would be a strong resistance at 980 USD, so I believe its still a good time to buy bitcoin right now.

BU cannot crush bitcoin, it can only decrease its value and demand to some little extent, and that can't be less than $850 at maximum decrease.

This explanation is a bit too reductive. The price will not sink to 700$, but we should stay in the upper 900$. Except in the case of a fork, where I do no know what would happen. But that would be surely something everyone will regret, so if miners see this, please, withdraw from Antpool as they will create an unreverseable breach in our community. That could kill Bitcoin.

To my mind it's catastprophe what's happening about bitcoin. It's price is going down, we achieved something great this year and in some hours everything wents wrong. I wanted to sell small number of bitcoins and I was out at that moment and after two hour, price was much lower when at that moment. Hope everything will be quite soon. We people have to keep bitcoin higher than 1200$, we must do everything for that and we don't have to let anyone control of bitcoin.

I wouldn't say "dropping like a stone" but I suppose it's quite a sobering drop after months of enjoying above $1000 prices. I can still recall my own surprise when BTC refused to return to the 800-900 price it had been trying to break for weeks. Have always been expecting the correction.

To be objective, the 15% decline is really a mark of resilience in the face of all the negative events this month. I'm a holder and if the downtrend continues, it'll just be one of the rare times to buy more BTC for most of us.

To me this is a good opportunity to buy. We've see that the price can go as high as $1300 (and higher), so buying as $950 or $900 seems like a good deal. I don't mind the drop as long as it will rise again.

It is obvious that funds were replaced from bitcoin into eth and dash I think people are realizing that they can use other alternatives to bitcoin as well and they have somewhat the same potentials.

I agree with you . there are other alternatives to make an investment. we do not continue to focus on a bitcoin. altcoin still profitable.

for now, I guess it's not the right term, but, bitcoin prices did fall a little faster than before. bitcoin price is now located at $ 1031 in preev. Well, I just hope that bitcoin prices do not go down so far.

I don't want to sell/buy now. i will wait for at least a weak to analyse how the situation gets then i will decide whether i have to sell or buy. what if the price falls down more or it can be other way round it can increase as well. lets wait for sometime and then decide.

Well, I don't think the intention is to stop the movement, it's probably a good enough spot where some people would still want to buy and others to sell. Assuming the pressure is uniform, the owner of those walls should continuously make money. If that is the case, eventually the volatility should dampen and the price would need to be pushed around a bit to attract attention.

Well, there's no price over time data, but the bar form of the depth chart ls interesting for visualizing where the demand is built up along the price axis. Looks like there's a lot of demand for bitcoins at $7.50 and even more people who want to sell bitcoins at $9.

I've no fiat, else I would have bought some when the price was below 1000 dollar.
Now that the price is picking up, we may see it go up to 1200 again. Al tough that would not be very stable if there is no consensus.

Yes price has started to recover again and when the price was below 1000 that was the right time to buy bitcoins and now we may again see the price reaching to 1200 in next few days so I think this a good news for the users of bitcoins.

Bitcoin was riding high for the past couple of months and a correction is needed for further bull run and the talks about forking had an impact on the price and no one in their right mind sells their stock at a loss,what if ETH comes down drastically when you invest in them since they are all riding an all time high valuation,so the risk is higher in alt coins rather than in bitcoin because you are certain that the price would rise in the future.

Alt coin market is there for a very long time and it is not that people are noticing the alts right now  ;D You cannot compare bitcoin with the rest of the alt coins in the market .

Yes i agree with you that the funds have been moved from bitcoin to other crypto coins like altcoins and Eth but i don't think they will be as equivalent as bitcoin and have the same potential as bitcoins because most the people might have heard about the ETH only in last 3 days since the surge the value and decline in the price of bitcoin. Bitcoin will be stable in sometime but other crypto coins might just crash.

This price drop was a bit exaggerated, but there is an explanation for this to have happened. It seems that miners are opting for higher fees rather than a real solution for the scalability problem. Clearly the market is not satisfied with what is happening.

ETH is losing it's power now. It has dropped from it's high to where it was a day ago.
It seems to be losing steam now.
But the darkcoin alternative/replacement on the other hand. :-[
That one is busting out all over the place and not showing any slow down in it's climb up.

It may very well be that certain people shifted their priorities temporarily to trading altcoins due to their heavy fluctuations, but that's nothing new. ETH and Dash are being pumped with money from very wealthy individuals that hold the far majority of the circulating coins/tokens in their portfolio. Do you seriously think that the extreme pumps that altcoins experience is coming from legit demand? If the people behind these massive pumps didn't had the majority of the circulating coins, then they wouldn't have any incentive to pump the price. ETH and Dash don't enjoy any sort of real world usage. They purely function as speculative investment options for with greed filled people. MLM was also mentioned to play an important role, but I can't verify how far their importance is when it comes to these pumps.

Ethereum is starting to be adopted quicker than you'd think, AlphaBay a darkmarket is adding Ethereum as a payment method because bitcoin can't fulfill that role any longer  :-[. ETH also has Ethereum Enterprise Alliance, which is basically an alliance of companies that are working together to see how they can use ethereum for their companies... It's unfortunate how a lot of bitcoiners refuse to realise that alts are catching up to bitcoin quick.  :'(

The ethereum alliance is such an example about how the serious of ethereum dev. But if the bitcoin will be applying on the alpha bay it means if the bitcoin doesn't having a chance to get a legalism in the future.
We are know if the alphabay is the big blackmarket and containing a lot of the illegal stuff. and it's not good if the bitcoin will be accepted on the alphabay market.  But honestly the altcoin is like a bull right now.

That time will pass and then altcoins will start to go down and bitcoin will rise again. In the end people are earning bitcoins with trading altcoins, in some time people will dump their altcoins for bitcoins and price of bitcoin will increase even higher then it was recently.
I do that, I have some altcoins and when the price is high I sell them back for bitcoins and that is how I make profit, I suppose most of us are doing similar.

Right now bitcoin prices had gone back to 1000$ levels which I think is amazing after it had dropped to sub 1000$. This has yet proved again how strong bitcoin really is and I really hope that this will be yet another steady price growth period. This someday would be significant in bitcoin so even if it's price drops like a stone do not fear bitcoin will rise up again even if it falls down in price many times more.

Instead to think that you get loss , you should think that you got a chance to make profit.
Just think about it throughly that if you can buy small fraction of bitcoin then probably you can make a big profit with the increase of the price , so here be always positive for the bitcoin price , second thing in the bitcoin that fluctuation in the price is a usual thing and they provide us the opportunity to make profit through trading .

Again this is an oportunity to buy in folks......
It will rise again sooner or later and those who did not step in will regret

Keep making yourself believe into something because you have taken certain positions at current extremely inflated prices. ETH isn't that special at all for dark net markets as AlphaBay has also implemented Monero a while ago. Other than that, I wouldn't find it that big of a problem if certain altcoins "take over" Bitcoin's position in dark net markets. It would mean that the mainstream media channels have less negativity to throw around with regarding Bitcoin.

I've been in Ethereum for a long time, not just since the recent price rises :). Adoption of cryptocurrencies begin with dark markets and then move on to mainstream, just like Bitcoin did. And now it's happening to altcoins because Bitcoin is becoming useless... But seriously do some research into altcoins for yourself, and don't just take someone's word for it and make yourself think that all alts are useless p&d shitcoins  :P

No,bitcoin has once again started to recover.Its price is around $1046 now.Whoever left bitcoin and ran towards altcoins,their time has started to return and the count down starts now...1,2,3..

I do follow altcoins to stay up to date with everything, but you can't ignore the fact that the far majority of the Ether coins are in control of just a few people. Same goes up for Dash. In that regard, it doesn't surprise me a single bit that they have been pumped badly in the last days. Other than that, what makes you write off Bitcoin as being useless? Just because Bitcoin doesn't serve people well as currency tool? If that's your reasoning, then how did it become useless? Bitcoin hasn't been any different...

i see this too in the market but i think its too slow to see the price is recovering for the last high price. i think we need more time to see the price is getting up like before. and i think its still worth to wait the other jump price and while we wait, we can do another thing like trading bitcoin pair altcoin.

Eth has a long way to go mate and i am sure the path and the obstacles which bitcoin has over come in the past can be sustained by other altcoins like ETH and it's just temporarily pump for ETH there might be chances that ETH will gain more value but it does not mean that bitcoin will lose it's value as these are the words of people who cannot invest into bitcoin due to the high price of bitcoin so they have invested into ETH and wants to justify it i am sure if you go back to other threads there were rumors that bitcoin will go back to $600 but bitcoin has almost gained it's price which it was last week.

You should get used to it and more might come with big waves.
Too much news about negativity of bitcoin is spreading specially about the transaction time and the transaction fees.
This will be a hard year for bitcoin. Now it is getting more attention at the time it hit $1200 mark.
There is the ETF thing also which users thought is the real reason. Made them panic.

That's a very strong statement. Care to elaborate ?

...and now bitcoin is re-climbing the hill again... with more spirit...

Fools sold it all out, and since bitcoin doesn't like fools, it made them cry. ;D Now we got rid of them!

There is nothing to elaborate about. It's pure FUD backed by no arguments. Last time I checked altcoins still were used as pump and dump toys for speculators.
While bitcoin was actually used by people and accepted by businesses. True, that we have problems with scaling, but nothing is permanent. There won't be split.
Take advantage of this situation to buy cheap coins while you still can, when will be through scaling upgrade BTC price will soar again.

Yes this is the time for those newbie who was literally hypnotized by the panic created by some elements that bitcoin will fall to come back to bitcoin as it has stated pumping up again.

That's how the manipulators trick people. They create some sort of panic and end up selling their coins at a high price then when the prices are really low they will buy back everything. In the end people who fall for this chaotic manipulation are the ones who lose. They sell at a low price then buy back at higher prices.

Yeah noticed that price is moving up again and its stands near to 1050$ now. People new to bitcoin might sold their bitcoin but the people being here in the forum for more than  2 years will know that bitcoin price so volatile always and they will plan in accordingly. Traders are only people getting so affected because of this price change

Yes even i had personally advised many of them not to sell bitcoin as they will end up regretting but some of them had that ETH fever on their mind and sold bitcoin for lesser price and now regretting for it.

Past few days eth has been moving with enormous growth percentage when bitcoin was falling. Though people were aware about the fluctuating nature of bitcoin they get into the trading of eth to bitcoin expecting huge profit. Experts predict eth to be worse than bitcoin as they were not stable and the growth has happened high in a very short time span causing a capital increase and users.

True. I was so confident in the past few weeks that I was constantly moving back and forth between fiat and btc -something I usually don't do- and substantially increased my stash of bitcoins. Thanks everyone who make their contribution, even if unwillingly :)

yes, bitcoin has started to recover again but keep one thing in mind still it is not constant so best option will be to wait for some more time then if you see the price is going down you can buy btc or sell btc if the price is getting high. bitcoin is not at all dropping like stone for sure.

yes, bitcoin started again to increase, just don't take the immediate steps of selling when you see the price is going down. now again today the price has increased. just hold the money for sometime you will see the price again will go high.

All is fine with bitcoin, look how much punishment it has absorbed the last month and we are still over 1000k. This is ausome. Bitcoin is showing strength and longevitiy, stay calm and hodl on!

Haha 1000K =1000 000$ . I want to believe ::)

Cripes too much multitasking you know what I meant :D

Yes you just let your feelings speak  ;) Too the moon and beyond !

Lol, well played! Agree to the moon and beyond!

Bitcoin dropped because of the FUD that was spread about a possible hard fork coming, things seems to have calmed down a little and the price has recovered some of the lost ground on the past few days, so that was a good opportunity to earn money, hope you got advantage of it.

It's all about the rogercoin and right now the price of bitcoin seems to be pumping up again. It's time to buy back now and hold now. Good thing that I didn't did panic selling, too bad for those people that sold a lot of their coins under $1k  ;D too bad for them, they are now regretting it for sure. Keep HODLING now people.

Yes. As I see the price of bitcoin now is getting higher again and I think it is because many people had use it. And for those people who sell it when it is lower than 1k it's time for you guys to comeback and regain all of your lose. Because we all know that there is time that the value of bitcoin will go down and soon it will go up again. Just like that. It's just a matter of right timing to sell and in able to earn a higher profit. You must learn to wait for you to sell and have a high amount. :)

We are on the rise again and it's making a lot of hodlers very happy again, especially when we are seeing the price to pump again. Those people that manage to sell when the price at $1.2k and bought some under $1k are the most happiest people who took the advantage of this drama. I regret that I didn't join the hype.

The least it will give them is some lesson that we should stay calm even with this instances.
Now, they will know what to do even if there will be news about this and that and some more fake ones that are just trying to make them dump.
Bitcoin will always be not predictable, the best way we could do is have faith that others will also hold or just buy to make a good pump.

the price is going to increase in another range and its now reach $11xx. but if we take a look in the chart, i think the price is not going to increase too high and maybe there is a situations that the price is stuck in one range and not going into somewhere. i see that the trend is down but i hope i am wrong and lets pray for the up price later. in this situations, i think there will be many people that will hold their bitcoin and in waiting positions but in the other side, its good for altcoin to gets up.

i think it is good time to buy, bitcoin community still strong enough and hardfork issue will not affect so far to bitcoin price

if you can hold for a long term period bitcoin price still acceptable since the supports are moving back and expect for a much better value hoping to see double after the year end or much bigger than that, those fud's are now thinking why the market are still bouncing back.

Oh boy, the price is dropping like a stone again. I don't know what's the real cause of this upside down movement of bitcoin. But still, there's no need to panic, I'm now thinking as long as the price isn't reaching the $1,200 mark still bitcoin will be ranging $1,000 -$1,120 from now on. Well, as usual let's be calm people.

It is such a shame people get deceived like that, personally this is the first time I see a FUD being so effective, FUD is everywhere in the forum but this is the first time I really saw the power of those that spread that information can have in the price.

Actually that isn't just here in the forum but almost all bitcoin forums and even in reddit there are a lot of people spreading FUD there. But that's good enough to see that there are defenders and spreading fact about it which is significantly giving those deceived people the right information about it. I guess there's a lot more in the future when bitcoin is already on 5 digit mark.

Regardless of the reason for the price drop, we can take this opportunity to buy more Bitcoins while the price is lower. We could even see the price drop more and each time is a good time to buy.

When is that going to be available to use it on that site?
Did they make an official announcement yet of when it going to be implemented and work 100%?

Fud has always been a powerful manipulation tool. Problem is that since my very first day here, the price has been subject to a wide variety of fud attacks, and each time it works as people sell like there is no tomorrow. Just take the Chinese fud articles as example -- the market was shaking heavily each time an article was popping up. In most cases it wasn't bad news at all. These articles were set up in a way that it would convince the newer Bitcoiners to believe all their nonsense. Glad that China isn't a big concern anymore after the PBOC regulations. China has been taken care of, now the scaling aspect....

If someone bought it at a higher price, the latest price drop is an opportunity to lower their average buying price. Assuming they have funds to buy more, of course.

Here is their reddit post with a signed message https://www.reddit.com/r/AlphaBayMarket/comments/60355i/alphabay_will_add_etherum_to_its_payment_options/ (https://www.reddit.com/r/AlphaBayMarket/comments/60355i/alphabay_will_add_etherum_to_its_payment_options/), they will start accepting Ether as a currency on May 1st 2017. Since Ethereum doesn't have something like BitPay, they'll have to make their own solution. So I guess we'll just have to wait and see if it works  :P

Long term holders are usually not perturbed by these small fluctuations in price. Of course, if you have idle money on your hands, it makes sense to buy more and average it out. Even if you don't have idle money, it doesn't matter.

The latest price drop means they are losing profit even fund. That was it. Unless  Bitcoin recover and goes up more than the price they bought it then they can have their profit.  Though it is really a good move to buy more if they have fund to lower their average buying price.  Else, they need to be patient or hold bitcoin for a very long time to give themselves a nice profit but still that is just a possibility.

Sadly, bitcoin is really looking to stabilize below $1,100 and it did not retain the $1,200 levels. So far right now there are plenty of alt-coins that are stabilizing at their current levels and seems that right now is looking to be an image of what are the baselines. Well, it is still a good level in my opinion.

It because they expect that ETF will be accepted that's why they hold their bitcoins for the sake of the price to be increase they when the etf was rejected they start selling their coins they panic again this is what i think. But this is normal it always happens if you remember month of january it will be rise again soon.

You are probably correct and the talk about shard fork isn't helping. I'm going to hold my bitcoins for now and possibly buy some more if the price keeps dropping.

Why sadly? Because you invested at such levels? Bitcoin is doing perfectly fine in maintaining the $1000 mark. So far every dump that caused the price to sink under $1000 has not been able to keep it there.

There is enough support to buy the price back to above the $1000 mark, and that's all that counts for now. I don't really care about at what price marks altcoins are "stabilizing". It's all temporary as they will come down in price significantly. Just wait for it.

This is what I did but I will not deny that for a few moments I was worried about what I was reading, so while I did not fell completely in the FUD, for a moment there was doubt in me about how to proceed since the FUD was very strong.

There are many reasons. ETH rejection is  probably one of the reason why Bitcoin's Price is falling significantly. The Fears about a possible hard fork is one of those reasons too. After the Ethereum Chain split experience, I'm not sure anyone who experienced such would like to experience it again. So instead of just keeping coins in wallets, Some thinks that It's best to sell now.


Whoever is holding the price above $1000+ levels is doing more than enough. Sooner or later the price will take a dip.

I sold all my BTC last week when the price is about 1150. The price is about $980 now. Is it the right time to buy back? It's hard to predict if the price has reached bottom yet.  ???

No one could be sure about bottom nor top but you can average your buying prices by buying with 10% of your investment capital. Personally I do this and I can be sure that I will not miss buying opportunities below $1000 levels. I will buy again if prices break $950 or $1050. Honestly I am not an active trader yet buying bitcoins whenever I do get bitcoins for cheaper.

Well its quite difficult to predict anything now but i am sure this is neither the bottom nor $1150 was the highest so you have to play really smart and if possible buy back bitcoin when the price drops because the reason we all are here researching and dealing with bitcoin is because we have faith in bitcoin that it will surely hit back with increased value so its better to buy back bitcoin so that we can earn more profit when the value increases.

Well you know amigo, I am starting to wonder if somebody is trying to control the bitcoin market psychology by means of news and media. It feels like when they want to make money they will press release an awesome news and then they will sell tons of bitcoins at a high price. Once they were satisfied, bad news will suddenly come out causing weak hands to sell low... kinda funny and scary. I dunno if my hands are weak.

The idea feels good but the best idea what i can tell is wait for atleast a week and then check how it goes if the price goes down more than this then plan to buy back the coin, if the price goes high then you will be in profit so that you can sell the bitcoin for much higher value. we all have faith in the btc because of the overall benefit which we get from it. hoping same thing will happen and btc to reach to its highest peak. 

Seems the bitcoin bubble will finally burst.   

Oh price drop because people started buying another bubble called ETH.

No bubble means no burst. It's the speculation about a potential hard fork that takes down a price that we have been building up by real demand. If you look at Ethereum, then you can legitimately talk about a bubble. It's insane that people are entering Ethereum at such prices. People are hopping from Bitcoin to altcoins in order to benefit from the rush that they are experiencing right now. I feel really sorry for those that will get burned once things cool down.

Yes we trust the btc much more. i dont want to make the same mistake which i did last year. i sold the coin thinking the price will not raise again and the value is getting much less then i regretted very badly. i understand one thing even if the price value of btc goes down then again it recover faster than gold or other investment options. what we have to do is we have to be patience when dont work in the right way sooner or little later we will see the benefit because of it.

Don't worry, it's been good, I'm sure the early april the price will be above $1200, don't sell your bitcoin. Speculators trying to find a little bit of profit so making price corrected. They will buy more and the price is going up.

I am not so sure. The potential split is still an issue. Some people are staying away until this is sorted out.

It happened before, a few months ago, and we recovered from that as well.     

Maybe we can recover this time, but I'm not sure with all the FUD right now.

The market falling to low $900's, and even slightly below $900 for a brief moment, don't really mean anything. It's the demand that matters as it is constantly lifting up the price after basically every dump we have experienced in the recent weeks. In that regard, you can even say that the market is moving in an obvious repetitive pattern that allows traders to ultimately benefit from these price swings. It's a great opportunity for basically everyone with the ability/understading to exploit these patterns.

In my opinion, bitcoin prices are not as bad as a few months ago. and rate above $ 900 is quite feasible.

Sadly? I think this is pretty fair outcome, considered pretty uncertain situation we are in.
We should be pretty happy that we didn't witness crash to the sub ~$800 levels, and instead we had consolidation and recovery.
I am not sure that current price shifts of bitcoin are caused by potential fork eventuality or rather actions of Trump administration.

Price drop is good for margin selling... price up is for margin buy. I have just realized that the bitcoin's movement itself is what made it a good keep.

Ugh.  Trump has got nothing to do with the price of bitcoin.  Btc is too global to be affected by one country's dick taster.  It's this fork thing.  People panicked and sold, and now we've rebounded nicely.  I'm actually surprised that we didn't dip lower.  The momentum to do so was certainly there.

There is no way to know exactly how low the price of bitcoin will go but if you followed your instincts then you are already in profit since at the moment the price is 1045 dollars, sometimes you need to follow your instincts if you are to become a successful trader.

Instincts and feelings are a horrible guide when it comes to trading or investments. In this case he was just lucky to have sold his coins before the price happened to go down. However, being lucky once doesn't mean you'll automatically have that same bit of luck the next time. Actual market analysis is the best possible way to decide what your next action will be. All other things are just redundant.

Well, several times I saw the price of bitcoin down so quickly. in fact, it is like a stone thrown from a height. but, it is something that often happens. if you do not have confidence in the bitcoin, maybe you will panic and sell all bitcoin that you have when it happened.

people are afraid after so many falls

I guess will take some time for them to recover confidence and buy again

I think people are having more confidence in bitcoin now. The price of the altcoins are starting to drop, and bitcoin price has risen.

its not about more confidence in bitcoin per se ,rather less confidence in altcoins
but I don't see bitcoin price rising much,it is far away from the pre ETF peak of 1270$
also LTC has been pumped recently,along with some other coins and DASH and ETH are going strong

But still, this is a good signal for bitcoin ecosystem. Bitcoin price is rising in a steady manner which is a good thing as we don't want to have a pump and dump scenario again and those we are caught off-guard will loss.  ETC/ETH is down as I write this reply only LTC is being pumped currently. The pre-ETF price peak is still reachable, but with the phase bitcoin price is going for the last couple of day, I think we are going to see it in the future or maybe at the end of the year.

In the title you said "bitcoin falling like stone" which is all wrong as the stone fall to ground which is impossible in terms of bitcoin as bitcoin drop in value only a little and for a smaller time period and then again recover to its value because of the high demand of it in the market.

Yeah and no doubt that price crash in past few weeks but now its recovering back so I don't think there is anything to worry about it and even if price falls in coming days it won't fall to extreme level and I believe that we will touch $1200 price again in next few weeks.

i think people do not interest in altcoin and there is no any service are available on altcoin and there is a lot of people like to adopt bitcoin because they know bitcoin is stronger and trusted currency because bitcoin rising its price day by day .

I think that Trump has influence on most of the markets ( because of $ ), also on bitcoin because BTC/USD price changes every time when USD or BTC weakens or gets stronger.
And that chemical attack, and US sending rockets to Syria also caused some panics on market, what could be a reason for price change.

Nowadays, we can see panic on bitcoin everywhere: many people are saying that btc will go down at least to 1000$ and they really believe that, what is not strange for me because in the times of strange events going onwards (possible fork, miners are divided).

For now price looks stable, but only one message going around the world may cause a big difference in btc/usd current price.
1200$ level is a strong resistance for bulls, we will have dip to 900$-1000$ or break of the resistance and bitcoin skyrocketing for a while.
I expect 1300$ in next month, however that is only my opinion.

Well, in fact there is few services that accept altcoins payments or it pays rewards with altcoins
For example, i saw some sport betting sites accepting dogecoin, Litecoin and dash tho but of course bitcoin is by far the most popular and used crypto

Lol, completely messed with your answer, if newbie see it. Bitcoin is always fluctuate in the value. This could we easily understand by seeing the price from the couple of years. If the price drops buy as much you can and if the value moving higher and higher, Please hold it for sometime and wait for right time sell out. If you are long time holder, don't sell out for 5 years. price is been recovered and now it's seems settled around 1300$ and more.

I think there are many reasons why bitcoin is dropping like that, and that in some ways people are dumping their bitcoin are the most possible answer, there are people that are having transaction error instead of putting the exact fee they got a mistake by putting more fee that the usual, but I think we have to rejoice as of now! the value of bitcoin is $1217.99 and I think we are seeing $1300 a little bit more!

Yeah some development try to made one coins that can give competition to bitcoin but always failed. so dont worry man bitcoin never dropping like a stone ;)

Well, we all hope so, because if bitcoin prices dropped like a stone, it will be very difficult to make it back at a high price back. it may take time for it. I just hope, big investors did not sell bitcoin they have a cheap price, because it could be the cause of the decline in the price of bitcoin quickly. but for now there is no sign of it, even the bitcoin prices continue to rise.

Bitcoin has finally recovered, since you are newbie maybe you are not used to this but in the bitcoin world losing a hundred dollar in a single day is not unheard of in bitcoin.

True. You get used to it. Rekt time is fun sometimes. Keeps you sharp. Untill you will be put out of the game for good of course. Many traders couldnt tell the tale.

I think that you are right but the recent serious drop of the price was due to the threat of hard fork. And so many people were in panic and started selling fast.
Now we can see that hard fork is not there and so the price is growing again. Jee, it's $1200 already. I hope bitcoin will be able to stabilize having this great price for now. And no dropping is likely to occur in the nearest future.

Few weeks back the price fell down based on the hard debate going on related to the updation. Now it has been out washed and moving forward reaching more than $1200 in a short time. I believe this growth is a real and will last longer. The price might stay above $1000 even some distraction happens.

Yes I hope so and getting longer in this phase or keep up for a month because $200 in a short time is really cool. Hopefully with the big news happen, the price will be rocketing in this year.

Yes. Me too I'm hoping that the price will continue to rise and $200 price will be a significant step to a reach another All time high of bitcoin. I'm was wary of any negative news that will come along because just one bad news and we will see the prices crumbles down as fast as it built. So FUD just stay away for now so that we may enjoy the ride.

Well if FUD would really come what do you think we can do about it, that is why I stay alert with some news now in Coindesk not my real doing just to take news about what would happen now to bitcoin, and I have watch speculation of the movement of bitcoin in some forex speculated news just to be aware of a reason why bitcoin goes down, well I am preparing for the worse case scenario.

What we can do is hold on to our bitcoin and not to care listen to them. Like what you do, you become vigilant and stay alert and watch and read any news about bitcoin ecosystem. That's why I say FUD needs to stay away because they are just spreading negative things about bitcoin which is not good for everyone.

Precisely what I've been doing for the last year, and it's payed off well for me. It's important to understand that the moment price goes down there will be some FUD of some sort, you just need to watch price and read news every now and then. I bought when people said price would plummet to sub 100 in 2015 and now it's at nearly 1200.

This is good for you that you will keep holding your bitcoin until when is the question here? How if the bitcoin price will decrease and into crisis? Are you still not going to sell your bitcoins? I do believed that bitcoin will be at crisis soon and will droped into botom.

There is no sign on the horizon of droping the Bitcoin price, it's looking good. The smaller dump that has appeared recently hasn't done any bigger damage and the price has recovered soon. So it's still good decision to keep holding your coins and expect even better price in the near future.

calculation and analysis for sales or buyers either bitcoin must required precision in buyers and sales because if done bitcoin we have would be worth if sold low prices come down and buy in time to ride, will be incurred losses and loss all the large number of bitcoin certainly him. waiting for the selling price and the purchase price rises down of course we will be big lucky of course

for those who really understand and believes that bitcoin will be a good investment to hold surely they will ignore the price drop since that they are looking for a long term journey, as you mention those lite shake up already been absorb by those believers and the price already on its way to really recover back and to keep rising up.

i was once among those skeptical people who would panic when ever the bitcoin price dropped and thought the long awaited crash is here,
but now i have seen and understood the price mechanism of bitcoin which is mostly affected by demand and supply and never worry about drops as i know it will recover in no time.

nah its affected by hardfork FUD and 500k hype

Right now the price of​bitcoin has dropped and has gone below $1200 reaching around $1175. Soon this might move forward giving opportunity for the traders as well users to benefit out of it. Now the ongoing price drop might be due to the impact of the speculative approach.

It's normal that the price goes up and down as it is moving within a certain range. I wouldn't be surprised if the price goes down further than we have seen today. Resistance above the $1200 level is too strong too break through. Don't forget that the uncertainties around the potential hard fork are still present, and thus will continue to impact the market from time to time.

So true. Everyone panics when the price drops. What they forget is that there is always volatility with the Bitcoin price. It doesn't just keep going up endlessly. Drops are a good opportunity to buy more Bitcoins.

I guess it's mostly due to Wnag Chun trolling and Ver again speading FUD over his shitty website.
It's still so easy to manipulate the market for whales.
I will hodl strong no matter hard how these guys try to separate me from my stash.

Indeed it is easy for whales to manipulate the market.  If they want to pull the price of Bitcoin they can do it easily.  They have the fund and the number of Bitcoins to dump whenever they wanted to.  Just for example, these whales wanted to shake the market of weak hands, and they saw some negative press.  They will exaggerate it to the point it creates FUD and start dumping their stash of BTC to support their claim about people losing interest because of this FUD.  Mostly people that have little faith in Bitcoin is shaken and sell their holdings. And series of sell off happen resulting to a massive dump.  The only people who are happy are these whales who have their buy order to catch cheaper Bitcoins.

yes that is very right, as we can see that the price of bitcoin is trading very smoothly and is remain very stable, i think there is no such issue which can cause the price of bitcoin to drop, i am hopeful that the price of bitcoin will continue increase and hope that very soon the price of bitcoin is going to cross 1500 use level.

In my opinion we may actually see a drop of the bitcoin price, there is a lot of uncertain things going on in the cryptocurrency markets, especially for bitcoin.

I expect to see lows on 1000-1050$ price range for a while, just to see a more steady build up until 1500$ but I cannot agree with the perspective that it will happen in next 2 months, but rather in about a half year.
1500 level is still a big rise if we consider the yearly price chart for BTC, there is no reason to look for upward burst without any unexpected incident.

I agree too quickly bitcoin can not grow. For such a mark, it is necessary at least six months and the absence of a global war in economically developed countries.

In the absence of a nuclear war, the bitcoin rate will start to grow significantly, if there is still a significant increase in the level of confidence, it may reach $ 1500 by the end of the year.

based on what? A fork? 0 arguments

Don't you know what is bitcoin forking. It simply dump the bitcoin rate to low value, this is the big cause of this forking. Please refer the below link to know about forking in simple words.
https://bitcoin.org/en/glossary/hard-fork
If you are worry about bitcoin forking, segwit and BU are vying the bitcoin users.

Obviously, it's just a spammer. It's a common practice for them to drop a comment that [1] doesn't hold any value, and [2] no further information is included.

Most important priority for Bitcoin is to scale. If Bitcoin isn't scaling, then there basically isn't anything that justifies the price to move (or at least attempt) to move close to the $2000 mark.

We'll be stuck between a fairly wide range that won't top the current all time high until SegWit gets activated. It's that simple. It doesn't make any sense for people to hope for something that at this point isn't realistic.

yes that is very right, we are expecting that the price of bitcoin will continue to increase. i do not think that that the price of bitcoin is going to dump any more, as there is no negative news about the market therefore it is more expected that the price of bitcoin will increase more and more in next few months and it is really expected that the price of bitcoin will even cross 2000 USD level at the end of 2017,

lol no negative news? Scaling wont be solved in months, exchanges doing crazy things, network spam, manipulation, unconfirmed transactions etc etc. 0 reasons why it will reach 2k at all this year. We cant even break trough 1300 USD because of all this bad news