Bitcoin Forum

I dont know why the bitcoin price down so fast who know some big event please give me the reasons.

Just because many people who wished to claim free bitcoinS2X coins and bought bitcoins have just started to sell their bitcoins and buy altcoins once again.It was an expected move.So,no surprise about it.Sad story of them for selling altcoins to get free coins and now once again buy altcoins,but now do not have any free coins.Just their journey was a waste from altcoin to bitcoin and now once again to altcoin.

Agreed. But anyone know the reason for high demand of bitcoin cash? Do you think bitcoin cash will replace the BTC?

The drop in BTC price during the past 2 days is mainly because of the SegWit2x cancelled. Since there is no free coin, demand for BTC decreased and therefore price drop.

Second on this question. Is it because bitcoin cash considered safest and more promising within altcoins?

I think in part due to the cancellation of SegWit2x, users feel that btc is slow to handle transactions and they do not like it. But with such a mass, btc did so well. On the other hand, the growth of the altcoins also attracted many users. This has led to a decline in btc investment and, of course, prices have fallen.

recently, i know some coins want to split into new coins from bitcoin like bitcoin gold..., but in 2 day the bitcoin price down about 1000$ i heard some information about "road junction" who know about that

the reason for this is the technical problems with BTC to have small transactions for low fees done in short time.
the transaction fee eats up the joy about a free currency.
but look on the internet, there was a blabla war about BTC forks, but did anyone described the facts?
How is BCH now compared to BTC? What about the more dynamic difficulty?

No one did. Everyone was too lazy to review that, and turned in to this blabla war about forks, altcoins, etc.
That was dumb.
There is something about BCH those people do seem to like. Start researching.

The only reason is because Segwit 2x was canceled and this caused a mass hysteria sell off. This was the only reason the price was inflated the last few days as well and this drop off is perfectly normal. Look for bitcoin to stablize in a few weeks.

so, why do people keep betting on segwitx2, as I see the graphics in cryptocurrencymarket, is up about 2x versus its worst price, people believe again ?, or the fork has not been completely left out? the volumen is interesting

nope, this answer is too shallow.

yes, Segwit2x is cancelled. That is the short answer.
But what was Segwit2x about?
About hyping BTC, making people jump on the bandwagon?
And now they leave and everything is as usual?

Just another fork...but what are these forks about?

Bitcoin market down for many reason.Bitcoin new fork (Segwit 2x)canceled  than many people sell their bitcoin low price and buy altcoin again,But i hope bitcoin will be hit soon before ended this month.

Bitcoin.com has been pushing BCC as the real BTC, which it isn't. And...surprise surprise, they're one of the main backers on BCC. Other factors are are BTC's scalability and cost. At some point BTC will need to implement larger blocks. 2x failed to gain consensus due to the lack of replay protection. Sooner than later it will come back round, and we'll see the same kind of pump, as people once again buy BTC in the hope of getting free money.

My guess; some players are playing the pump and dump with BCH.

I will play it safe and buy another BItcoin and watch the price go over 10k next year.

With the Federal Reserve printing USD like no tomorow, people will be buying lots of Bitcoins, along with ETH, LTC, and others.

For me the current price of Bitcoin now is just normal, this is the current price before the fork was announce to happen. The price went up after we are told of a block for the fork to happen. Now, the upcoming fork was cancelled so the people who bought Bitcoin for free money most probably are turning back those Bitcoin back to alt coins. Again this is normal in Bitcoin.

That is a fact you should mention more often.
The dollar paper.
We had that shit in germany 1920's, everyone was a millionaire, 1 Million Reichsmark.
Everyone.  1 US-Dollar equaled 4,2 trillion Mark.

bitcoin price not down it is only small correction after bad news from 2x

As I predicted, BTC is down to the $6.5k mark, and will probably continue down to $6k until at least next week. The freebie chasers are moving everything into BCC in anticipation for the hard fork on the 13th, expecting to get another big payout.

https://www.bitcoincash.org/ (https://www.bitcoincash.org/)

Because there are no segwit2x, people are buying bitcoin because it will make another altcoin for them but the segwit was canceled so they would sell them and dropping the price.

I heard that the cancellation is not final but now the price is starting to fall because of the news.. Expect that those who are selling their bitcoin will regret soon if fork will continue this coming november 16..  I just telling you that don't sell all of your bitcoin so that you have backup and maybe everything is already plan anytime soon they can change their mine ..
Well i'm not regretting still holding bitcoin but i am lucky for some altcoins  now its gaining profit..

The price of bitcoin needed a good correction for a very long time and i expected this to happen after the fork but since the fork is cancelled we are seeing this correction right now,interesting to see how low the price would take us and what are the decisions behind the team who had much support and could not fulfill what they set out .

Yea, there was just no ability to come to a consensus about the fork and thus it was very messed up when it was approaching.

People just decided to drop their Bitcoin and go into altcoins for now; I guess other alts like ETH and LTC aren't getting much gains because people are going to BCH first. The name of "Bitcoin" in a coin has a decent amount of weight to it...

There is one anonymous claiming that they're still going to fork 2x, eevn though the support isn't there for it. If they do, it will just hurt BTCs credibility.

it is simple  correction causes by BCH and 2x may take week and price will back to rise

First, the reason why the price of bitcoin has grown exponentially in the last couple of weeks because of the looming Segwit2x that is scheduled around Nov. 16. Investors are then buying bitcoins like crazy because they anticipated that with this fork they will get free coins as well. However, yesterday, Segwit2x proponents decided to postponed this activation. Obviously, some are disappointed to this news because they will not get their free coins that's why they quickly cash out and sold of their bitcoin and move their funds to altcoins market. That's why the price of bitcoin has continue to drop because of this reasons.

Thanks for explanation, price of BCC is almost double now. People with inside information about forks can make millions. How they manage to keep this info secure, as I understand it is big community behind bitcoin?

One thing i know about it and that is because bitcoin price ia not stable. Many things happen about bitcoin but it is still pump. So i dont see any problems that affect the bitcoin price.