Bitcoin Forum

FUCK ME!

True reaction!
feel the same: bitcoin go deep, Alts -20%, ETH under 300
where the money go????? FIAT?

Do not cry

https://www.tradingview.com/chart/BTCUSD/ST6S2lB4-BTCUSD-Bullish-Year/

Yes, POLSKA gorom, tanio skóry nie sprzedam! Dzięki ziomek za wykres.LOL

It is possible and I see some of having gone there but ultimately a lot of it probably hasnt shifted yet if you ask me. Be patient give it a few weeks yet I mean the bleeding didnt happen overnight no reason the patch should

be overnight too. Patience is key folks

WTF?

Altcoins have been down for 2 months now. Yes, sometimes they seem up but what I mean is that they don't even return to what they have previously achieved in terms of prices. Thus, nothing new today on this matter. Bitcoin -10% is also rather fine, it can easily recover afterwards, probably just a price correction, for it went up superfast. Bitcoin cash +43%, now that is interesting. I heard it has something to do with sales on equipment of mining, while others say it is due to segwit2x being abandoned.

Bitcoin has always been the basis of altcoins, when it falls the value does not give to predict what will happen, sometimes the altcoins go up in value and sometimes they drop the value.

We have to be patient because it can take months or even years for the altcoins to re-emerge again.

tether at 1.01 volume over 600 million, thats a good place alot of the money is going until bitcoin cools down from this lil dump happening, expected a bit of correction with segwit 2x not being suspended. bitcion cash having a ton of volume today as well over 4 billion up 50%

Probably something about Bitcoin Cash, eh... Bitcoin will rise again. I dont even care at this point.

The graphics are very nice. It's normal for profit sales. But it's a pity that the altcoins fall this far.

Many people panic when bitcoin crashes as they don't understand how things work and so they remove all money from crypto, it is easy to see money is either being moved to BCC or simply removed all together, give it time, once bitcoin goes sideways alt coins will go up.

i think there no reason to sell alts. bcc seems winner since 20 days but it can over anytime. btc can rise again. they cancelled segwit2x so there are no free money but people will invest btc again for sure. alts will back their good times . we need just more time.

BTC can not go up just yet. It is impossible in the continuous financial market. Currently I know that a good dive. Panic.

Mad dash to purchase BCH. 

It is really confusing to see that when the price of bitcoin skyrockets, the other altcoins tend to fall terribly. But when the price of bitcoin is depressed, all other altcoins fall into disfavor. Does anyone know what kind of cruel game this is, and if it is still appropriate to invest in altcoins against the always unfavorable scenarios?

It happens when one coin SUCKS lots of funds...this time it is BCH.  People are dumping alts to buy BCH.  Look at the 24Hr volume... $4.68 Billion !!! :o

It can happen too when say ETH suddenly have a huge demand.

Does anyone know the reason why's bch pumping? I didn't see any real news about it, seems like whale shenanigans

I believe, that we are witnessing a concerted market manipulation as revenge for the failed fork now, in order to undermine our trust in BTC and altcoins. Or isn't it funny, that the only real gainer today is the last fork of BTC? No.
It is a sign from an obvious powerful group of unknown people behind this manipulation, who are showing their power right now to us. They lost an unbelievable huge amount of expected money due the cried off fork. They are angry and extremely destructive at the moment. Be patient. Try to stay calm, act steady and smart. Good projects are good projects. Don't fall for impatience or fear.
;)

Yea I'm wondering this myself. I'm thinking it has to do with segwit2x getting canceled. A lot of people are flocking to BCH due to its technical aspects vs bitcoins.

I guess because segwit2x was cancelled and bitcoin has old software and usaless but bitcoin cash is more useful. It may explain it.

altcoins needs a stabil bitcoin for rise.  altcoins wont go high until bitcoin complate its correction. it is neccessary. just dont panic i think

Alts rallied yesterday but for unknown reasons they started dropping today along with bitcoin. This is going against the trend! I think this weekend altcoins will go back up, they usually do when Bitcoin is undergoing a correction.

Bitcoin cash volume is fake, do you know what happens if some body dumps 500K Bitcoin cash? the price will dump under $10 but if some body dumps 500K Bitcoin, price will only dump under $3000. most of the BCH holders are holding, if they decide to sell, market will crash.
After some investigations, I've come to realize that people are not causing these huge P&Ds. some country probably is paying to another country with Bitcoin, so to pay them, they'd have to buy Bitcoin(or BCH) and then pay, after they have paid them, the other country now wants to convert them to USD.
So when you see pumps like this, expect dumps afterwards(other country converting to USD).

Yes, whenever bitcoin rises or drops altcoins falls. Before the fork Bitcoin was rising but altcoins were falling. After cancellation of the  fork bitcoin started to fall and now altcoins are falling more.

I don't get it either. Overall the marketcap is down 5% from the high of 208 billion a few days ago. BCH is only up 7 billion from 11/04, my last market snapshot. BTC is down 14 billion. Yet most of the bigger alts are down 10-20%. My tools are too basic to see where the $$$ is but it isn't in the top 100. Tether is only up 64 milion from 11/04. Strange days indeed.

BCH is abut to update their mining algorithm to stabilize the block times to stay around 10mins regardless of what happens to hash rate. BCH has already implemented and stress tested their scaling solution (8MB blocks) and passed with flying colors. The only thing keeping BTC alive is the name recognition, but we can all list numerous companies/organizations that have vanished because they thought their name recognition would save them...

https://cryptovest.com/news/bitcoin-cash-closer-to-upgrade-difficulty-algorithm-decided/

https://www.yours.org/content/deadalnix-s-difficulty-algorithm-explained-ac50eb2b1f16/

Who the fuck stupid enough to sell all of their biggest stack in 1 click ?

Lots flowing back to fiat and into bank accounts.

It's november now, coins have done very well this year, rised alot. I think many people have cashed out their profits.

I thought that too but the market cap doesn't agree. I know most of the influx after China contracted pussyitus went to BTC but the cap is still near an ATH at 200 billion, not far off from the 208 billion hit just a few days ago. I'm not saying something funny is going on, just that the market is acting insane. So many knee jerk, inexperienced or greedy investors make prediction, technical and even most fundamental analysis completely useless. Oh well. I'll still keep dropping about $500 a month across the top 100 until I get that early retirement nailed down. Better than wasting it on easy women and other vices.

Don't worry so much about the price, Bitcoin can still be purchased and there will be more people talking about Bitcoin when large things happen.

Is it true? I thought bitcoins keeps increasing,why they all decreasing even altcoins and eth are affected is there any possible reason why this all is happening? Is it because of the fork or what?

many altcoins still make correction after steep growth since spring. if the coin is technologically advanced and has a good team, everything will be fine with it. give it time to get excited and gain new strength for the flight to the moon!

I'm equally confused too... It's funny how the fork upon been canceled, okay it's normal for people to withdraw from Btc quite alright but this isn't taking effect on alt coins as envisaged. Everything is still dragging. Bch still looks all hazy to me though, but in all I'd choose to be patient and see how things unfolds.

This battle will now rely on hash power or miner support.

Scalability issue....
 - BTC is at 1MB block size
 - Cancelled Segwit2x would have increased it to 2MB
 - BCH has 8MB block size.

The BCH supporters and Segwit2x supporters used to be separate but recently merged forces...due to the cancellation of Segwit2X.  Both of these camps believed 1MB is not sufficient (reason BTC transactions are too slow) to survive the current competition.

If miners move support to BCH...BTC will die (and vice-versa).

Only time can tell which will remain.  Personally, I think BTC with 1MB is doomed.  Like a dinosaur...either it adapt and evolve or be extinct.

But the timing is uncanny. Do you think this is a coordinate attack against btc? The timing of cancellation and then the immediate rise of bch plus the fud around leads me to the think that these group has really merges and attacking btc at the moment and claiming they are the true btc as put up by the one and only Satoshi Nakamoto and the result is that btc is now bleeding and I'm feeling that there are ensuing panic among investors specially who have bought bitcoin at a premium price.

Of course it is.

I don't think there is any reason to be worried, btc went up alone(60% dominance) and now it needs to go back down(about 50% dominance) so that everything can go up again. alts are red because when they get pump a lot of people trade them for btc, but since it was going down during last alt pump they converted to fiat. Now they are waiting for btc to be stable to buy in, a lot of people think it needs to drop to 6k. Anyway I think this is all normal and there's no reason to panic, bch is not taking over btc.

I am sure it is all about bitcoin cash. When bitcoin was getting higher all the money from altcoins flow into bitcoin.
Now same happens with bitcoin cash. Market has become greedy. It is very dangerous time. Especially altcoins will keep bleeding.

i think most money is going to Bitcoincash, just look at the trade volume from bitcoincash today..
today Bitcoincash lead the trade volume defeat Bitcoin and ethereum

we are in full bitcoincash frenzy but hope don't last forever, it is already too annoying from my point of view
sure others are ok with this and others more are ordering lambos but c'mon, after an earthquake there need to be some quiet calm
hope this is not the case were a tsunami follows ...

Not sure exactly why but I would imagine a lot of the money has flowed into BCH as of lately because it has been up 100% in the last 2 days. Not sure if this will remain but I would think this is where most of the money went and also some got cashed out. Maybe the altsareback isnt going to happen just yet and we must wait until next spring or something?

For fair reasons dumping BTC for BCH is best known to individuals. But transaction is risk many attimes. For prudence sake, guiding against the future fear of unknown, I'm of the opinion exploring little patience, since BTC is not that bad. However, effect of bear and bull market must be considered. Be wise.

Yes, it is connected with the pump BCH. In America began to spread the news that BCH will soon replace the cue ball. And all the money that could go into altcoins has gone to BITCOIN CASH.

But still strange that Alta has ceased to grow a little bit. Straight from the first 300 coins only a few positively increased. About Alta people do forget???

A lot of alts dipped with BTC ist the last couple of months! Maybe we will see a hand in hand pump after the Bitcoin dip. But maybe alts will need some more time, donno :)

If you believe 100% in the project, then there is nothing to worry about

People have no idea about but BTC It's so so far from it potential! Keep dumping your BTC for BTCH. Just take your profits, but a lot of people will regret long time.

For those who are true believers, stick to your BTC guys.

If bitcoin price decrease and other altcoins  too dont worry for sure it will increase again.
It's normal every coin th eprice decreasing because after that for sure the next the price will increase.

You're right, it's normal to go up and down.
But the prices might not go up again if you are investing in "shitcoins".

we have the same experience here when we see the altcoin is bleeding and down too deep and we can not doing anything except watching the price is down or we can buy altcoin back. but if bitcoin going down, i am sure that there is altcoin that will trying to survive in any conditions and they will stay at one price and not going down too. i think in future, we can see many times for the price is up and down and if we can calm down and be patience, then in the end, we can get our money back plus our profit too.