Bitcoin Forum

I've noticed something alarming about this BCH influenced BTC crash/correction

Has anyone noticed that the very rapid drop and resultant rebound didn't get the chance to actually test support at $5k? I can't help but think that this might be a deliberate attempt of Roger Ver and co, to ensure that Bitcoin then carries on up to new all time highs, having not tested support since $1300. They'll back off now, and let the BTC community think that BCH has failed, ensuring that $5k doesn't get properly tested.

This might result in an inevitable retrace/crash back to $1300, which would be when he could pump BCH again to cause a real 'flipenning'.

So basically, PLEASE SELL!!

Nope a big thumps down to your suggestion to sell, I would rather suggest to sell bcc and buy btc with it, I will tell you why, once csme implements future it's going to Mars, add on to it, sooner or later segwit2x will be implemented and then bcc will disappear from the market only matter of time before bcc is done away, so my suggestion sell bcc heavily and invest in Bitcoin, the future is being implemented by December, so this might be your last chance to get a huge price for your bitcoin in the near future.

Technical analysis is rubbish. 
Because the price fell to a higher level than you think would have been expected, it should now fall a further 75% from that expected level?

It makes no sense, not that the Bitcoin rises and falls make sense, but that is my point, technical analysis doesn't really work for Bitcoin. Also, why call for people to sell? Sell your Bitcoins and shut up!

Obviously I hope I'm wrong, like with the idea that ice caps with more heavy ice might increase the chances of 'earth-crust-displacement' apocalypse, such that more greenhouse gasses might save us.

But I think that it is an interesting hypothesis that they might be trying this. Apologies for the 'melodrama' dude. I like to spice it a wee bit. easy now

BCH turned to pump&dump coin as i expected. Iths nothing more then a pump dump coin.
They pump and sell to get more profit. Now they are going to do this again and again. Until bitcoin hardfork. They have power and money to do this several times.

lmao

i am sorry you missed the chance to buy at the  dip but that is not going to happen. specially ridiculous prices such as $1300 will only happen in your dreams now or unless bitcoin is dead ;)

there has been nothing new about this recent bitcoin drop as a matter of fact. it happens every couple of months. exactly the same way with nearly the same size.
you seriously need to check the charts before talking about "supports" and "retraces".

you think the first drop this year from $1100 to $750 (31%) was any different than this?
how about $1350 to $890 (34%)
or $2900 to $1900 (34%)
or $4800 to 3100 (35%)
now $7800 to 5500 (29%)

these percentages are not coincidence! these are the corrections, retrace, crash, bubble bursting, or whatever you want to call each and everyone of them.

Cool story bro.  But no, there are other forces now involved in Bitcoin that are bigger than Roger Ver and Jihan Wu.  I def think those forces are connected to the criminal underground who are falling in love in cryptocurrencies.  This is a money laundering playground for them.  So there isn't really any other direction for BTC but up.

Well Roger Ver and Jihan Wu would love to have you by their side. I mean, why advocate selling when you yourself are not selling your own coins? As of the moment, these two names are not the biggest personalities involved in bitcoin. There are a lot more people, who may be just silent wielding a bigger stick than both of these. The only way for bitcoin is to go up.

Here's your answer on who stopped the dip, dont panic
http://www.zerohedge.com/news/2017-11-13/mysterious-bitcoin-dip-buyer-identified (http://www.zerohedge.com/news/2017-11-13/mysterious-bitcoin-dip-buyer-identified)

 ;D



29% is ~15% less than the previous 3 corrections. Maybe some more downside for my small percentage that's underwater.




two exclamation marks usually implies a hint of either rage or humour. Up to you to decide which it was.





I did have a genuine worry for the possibility of this fearful scenario to be honest. I certainly want to be wrong, and to be convinced that it is wrong. I'm not yet convinced. Partially because, although I'm not a fan of TA for Bicoin either, it's just that Tone Vays has been on such a roll lately that i'm reluctant to accept that it's over, given his prediction of testing $5k.

That's some nice news, but it doesn't change the hypothesis. Also, it suggests that if he did allot of the buying, that there might still be a allot of money still left on the sidelines waiting for one more lower dip. If it were to happen, I'd consider it more bullish for the long term, of never returning to these levels of cheap BTC.

Roger does not have enough money to influence BTC, and BTC market cap is too large. Its a lot easier with some financial backup to create peaks in BCH than in BTC given their market cap.
BTC has too many good news on the way, I think BCH has nothing more than a bunch of crazies to control it; institutions are struggling already with BTC, do you really think they will put their money on a coin controlled by people with such a track record?
The only argument you can make here is that BCH is funded by big financial institutions trying to control BTC, but if that was the case, I think BTC would be dead already

Absolutely correct, though between him and his backers, they did have enough money to do a really good manipulation job of establishing the direct inverse correlation between BCH and BTC. Now the bots are doing his work for him, so they can manipulate the BTC price just by controlling the relatively illiquid BCH. I guess it's down to the big money backing Bitcoin (bigger than BCH) now to decide when to decouple this

True, but if the BCH camp manage to pump BCH high enough to incentivise enough miners to mine it, the damage that could do to BTC could be a real problem. I expect that some of the big money wanting to get into Bitcoin for the long run would like for this to happen so that they could buy into a prolonged BTC bear market reaching down well below $5k, whereas others would rather get in before the end of 2017 for a more immediate rise to $10k-$20k.

Of course BTC wins long term, but whether we have to suffer another multi-year bear winter or not before hitting $20k is still unclear. I only hope that the battle for big money getting in inevitably results in a big money FOMO movement

Roger Ver play it good

1) make $ price down.

2) use huge amount of BTC to make price keep down and increase fee .

3) use his money to increase price of BCH .

4) all this make many users go to BCH and miners find BCH better than BTC .

5) huge amount of unconfirmed transaction make many support BCH .

at final if bitcoin price was 4,000$ may be he win and destroy bitcoin for ever  (really not know why he loss ).

any way till now Roger Ver is big winner

Yes... transaction time will be the biggest risk. But BTC can definitely no longer afford to have a long 'winter' - if it does right now its dead. Even if BCH dies, regardless, money will flow back to gold/stocks and the credibility is lost forever, I don't think we will see 20k in bitcoin at that point - it will probably be remembered as atari when people will play with the new nintendo coin after a long time.

i will not sell my bitcoin,just to let other people buy my cheap bitcoin.bitcoin drop to $5000 because of people want to take profit from bitcoin cash and after they took their profit they sold bitcoin cash for bitcoin.as simple as that.

If bitcoin really does drop to $1300, I'm sure everyone and their mother would be going to buy some based off of current levels.  However, if it gets banned in certain countries (US/China/Japan/etc.) then the value may be forced downward buy lack of demand.  I don't think there's any reason to believe a crash in the near term has a high probability of occurring.

$1300 is far, far away. Even if $5000 was not tested, there are a lot of other support levels. Moreover, if the price drops sharply  new investors will step in. There is no reason to expect a doomsday scenario.

I'm not sure what you mean with the second paragraph. Are you saying that it's dangerous because we haven't seen what the support at 5000 is? That shouldn't really matter if the support is so strong at 6000 right? Because in order to get to 5000, we need to reach 6000 first, considering we're coming from the top down. I'd only assume that more people would try to buy when a drop comes down to 5000.

Fuck this guy, he is a dumb bad ass boy, he can not defeat bitcoin with his shitty coin because it does not have the enough support from the people, yes, maybe he has support from some miner pools and this makes a huge difference, but he can not just defeat bitcoin like if he was playing monopoly, because bitcoin has millions, and millions, and thousands of millions of dollars, and it is impossible just to break a whole empyre in a few days.
Better to keep dreaming about that, he can not do anything about this because it is impossible to happen.

Bitcoin is now travelling on different mainstream media as a for of investment, lower price means more investors that will join to support BTC. BCH is an AltCoin of Bitcoin it will never succeed over Bitcoin. Selling BCH and going back to BTC is far by the most recommended solution to stop this mess.

We are being manipulated by Big Whales but they cannot manipulate the future Investors of Bitcoin, Bitcoin took a lot of time before becoming a mainstream thing and BCH cult expects that it will happen overnight on BCH just by pumping it hard and producing a lot of FUD to bring down BTC. Bad move indeed.

I have been looking at his twitter, and he is a fan girl about bitcoin cash, just check it by yourselves: https://twitter.com/rogerkver
It is annoying to see that all this tweets are about bitcoin, and he is always trying to rip off bitcoin because he is always trying to spread fud over it, just look at the charts and the images that he is always posting.
he is dumb as fuck, i dont know why those kind of guys are still on earth.

Do you own any Bitcoin???
If that's the case and you have absolute confidence in your assumption then put your money where your mouth is!!
Sell your Bitcoin and present us the details here. TXid, sign a message etc.
You can not demand others to sell if you're not doing it in first place!!!
So show and prove us you're a man of action and not just words!!

I'm surprised that a few of you understood my "So basically, PLEASE SELL!!" bit to be as serious as the rest of my post, and especially surprised that it might be perceived as a sincere demand. I had deliberately used caps and double exclamation marks to be sure of that. No matter. Anyway, why would you want someone's proof of how much they own for such a thing?

The first section of the post, however, was not a joke. I posted it really to express my concern and discuss the hypothesis that such a manipulation might be on the cards. I find it useful to have TA vs fundamentals discussions.  

It wouldn’t surprise me that whales would try to manipulate the Bitcoin market. It has happened many times in the past. There is also a possibility that Bitcoin is in a bubble and could drop anyway, a few whales could push the market that way if that’s the case. However, I don’t see a reason why BCH is a better alternative to BTC. BCH will eventually have the same issues with slower transactions over time as well. I think the similarities between the two are not stark enough to make BCH a good alternative.

He won't try to destroy BTC.
The balance between BCH & BTC is so rewarding that he need to keep the things going as it's now.

imagine if people sold because of the cancelled hardfork? That's what i think. We expected BTC to become "better" and it didn't happen. We expected some "free money" from the fork - it didn't happen. Transactions got stuck. People moving to BCH is very reasonable to my mind.

Yep. OP generalize the situation that much and he jump at the conclusion of bitcoin can stoop down to $1300. Yes, whales manipulate the market but only at a certain extend. They so pump bch but in return btc remains at the top today at $7700. Whales can pump other coins but not bitcoin and that is the big picture and the message behind what's happening lately.

He has been playing so dirty, just look at his instagram, all his photos are talking about bitcoin, and obviously, bitcoin cash.
He has posted a photo saying that a restaraunt in his city is now accepting bitcoin cash and that everybody is paying with bitcoin cash, which is totally a LIE, nobody is using bitcoin cash because it can not stop dropping, the price is dropping a lot and people are scared to use this coin, and the miners too.
All those who swaped their coins to bitcoin cash are now regreting, and all the things are because of this guy and his group of dumb people.

piece of advice for traders about this 'Smart Person' so called 'Roger Ver's'.
if you ever heard about something coming from his mouth,never believe what he says.
also do the opposite from what he said,
for example this one.
he said Bitcoin will drop and crashes,but look at it right now ?
if i remember it correctly it was not his first time doing this shit command,
a while ago he did it too when he's quitting or something like that,
and claimed that Bitcoin will crash soon,because of that the price declined a lot but in the next few hours it cameback.
everything that came from his mouth is totally bullshit,and do not hear it no matter what.

Lol this entire situation should teach the community never to trust Roger Ver. He clearly had a hand in this, moving his bitcoins to an exchange, but never actually buying BCH. He manipulated the market, and I would not be surprised if he was the one who planned this pump and dump.

TA cannot be expected to work 100%. You combine it with FA and SA to get a better edge, but you cannot expect to predict malicious behavior or other unknown variables.

I don't think it works that way man. you are trying to make the market act in a way you want to and because of what ?? to test a support line ?? what the hell is al of this ?? are you saying that if it doesn't test 5000$ it is a 100% sure thing that btc will drop to 1300$ ?? the only way that happens is if everyone thinks like you and believe this to be a fact. the truth is no one knows what's going to happen; and for btc to fall that far is an alien idea to the most of us.

yes all drama was to reduce bitcoin price but non reasons for me price back to rise fast and bitcoin network be fast that normal

You are wrong in analyzing that. Who said they didn't wait to check $5k support? BCH was still in pump, meanwhile Bitcoin went to $5800 and instantly rebounded back to $6250. Ater that too BCH was pumping. This shows support was strong at $6k+. Roger and the group executed the pump to test the lowest support and end up dumping after $6250 as Bitcoin was strong there and they weren't able to shake market sentiments below that.

LoL,
It seems you are the one who tried to spreading the fud news, influencing people to sell few days ago.
Fortunately, it did not happen, bitcoin could hold at $5500 before it rebound to $6000 and $7000, looks like bitcoin ATH is $8000.
Most people didn't see it coming, BCH suddenly rise over $1900, a good price to sell bch obviously.
But BCH can't last long at high price, even for a day. Bch could rise just because bitcoin mempool seems stuck due to spam transactions. A good thing to encourage everyone to consider another solution for bitcoin scale solution.

they are attacking all over again. Same strategy at the same day and time.

"Spoofy" or "Fontas"?