Bitcoin Forum

I've been pulling my hair out trying to 'cash out'. My transaction has been stuck for 12 hours and I've already lost a good deal of cash waiting for it to go through.

If I drops rapidly over the next few days, I'm going to lose my mind.

Nah, I don't think so. I've been waiting for some dips after that $10,000 mark but it's already $16,000 and I still haven't seen my entry point. Anyway, which exchange are you at? I haven't encountered any issues at cashing out.

It will not crash but I think it will be slightly decreased in next few days. It is usually happen  ;D ;D

Where should I short BTC in current market scenario?

It may or may not crash, but the amount it holds for you currently in your coins will surely change with the change in its value. That's one of the most heart-throbbing concerns that even I want to get resolved. Because with the rise, difficulties for the network to push "almost all" transactions has risen too as well as it's nevertheless a worst scenario being built in the history of bitcoins where, what we wanted from it is not being delivered. The value still looks to rise but a rebound is possible before the same, as forks are coming in like they are in for a quick buck.

I sent from my Ledger to Coinbase. My fee was too small I think. I need to just stop thinking about Bitcoin for the next few days because this is just stressing me out.

I would not say a crash, but a correction. There is still room for posterior upward movements.

Even I sent more than 5 USD in fee but I believe that the miners are not satisfied with such fee or it may not be sufficient in their views (while watching others paying more than $10-15 and some even $150-200 in some transactions with a hope to get accepted in the next block). I saw that bitcoinfees recommends 460 sats/byte to get our transaction confirmed way before those who think they may get theirs taken in the block with just 40-100 sats/byte. I would really urge the miners to set up a committee and decide on adjusting the rates they are asking to confirm our transactions.  :-\

Why did you cashed out? It's better if you waited for so long so that you can enjoy the higher price of bitcoin. Transactions are slow now, I mean the confirmation because of the network is experiencing a massive traffic for there is a volume of it coming from those people that wants to enter bitcoin.

Don't be paranoid! Bitcoin looks to be stable at $15,000+ so you have to calm your mind and if much possible increase the fee you made, bump the fee.

I hope it crashes, sseriously.
The rise has been to much, too quickly last few days it's not healthy.
We need a stable and slow increase to the moon

right now it is stabilized for a few hours or so I expect to see $17,000 to $20,000 in a week. I want to take those cheap coins people are exchanging.

you guys wanna pull out, good let me buy those cheap bitcoins, let the prices fall.  I want them cheap coins,  I will get ready for 20k rally.  I hope you guys dont feel bad when you say damn I Pulled out too early, price will be 30k btc. I know how to get out my bitcoins out faster as well but I wont share this secret,  I rather you guys let me dump first when the time is right

To put this in context, Fortune offers a closer look at this month’s crash and four other major price shocks-as well as likely explanations for all of them. Taken together, this account can provide some insight into why bitcoin is so volatile, and whether it can survive in the long run.

I don’t think bitcoin will crash anytime soon, maybe there will be some corrections but will not drop as much as $1,000 in value, I think the recent price increase is still normal as it gain more popularity as an investment platform. I believe that bitcoin is worth more and will continue to grow in the years to come.

I won't crash but yeah it might go down within few days. The downward movement might be temporary, and I am very sure that it will not be permanent. I had many cash outs and transfers within these few days, and to my goodness all of the transactions were successful and they took around 2-4 hours, but the fee was very high. The fee for 190$ transfer was around 20$, and that is kind of insane to me. But I had no other choice and that's why I paid the fee.
Which wallet you used to cash out? Was it an exchange wallet or a simple wallet? Well, I used an exchange wallet and I also used the wallet of localbitcoins, and both of them were really fast for me.

I don't think so. I mean big speculations around Bitcoin will get it fluff in value. That's an issue of human greed. Stocks overheated those days, that means they may spread panic around Bitcoin also. But when the stock market bubble bursts its wave will cover Bitcoin and other alt-coins. Some of the alt-coins will deaseaper (useless or scam) and it's ok because Bitcoin and other true alt-coin projects will prosper more than ever. I hope that will happen one day because of cryptos as technology more even valuable than just our human greed and desire to make a lot of money.

I think to the listing date on CME BTC will rise. After the future listingeverythings possible. But you hear more every day in media about bitcoin, and more and more people want to buy one. So i dont think that theres an crash in the next days.

Let's all wish what's happening right now is not a crash but rather just a correction. This past few weeks, I am just starting to value the real essence of holding and as of now I still believe it is not a crash so I think bitcoin price will soon rise again. Let's all be don't afraid to hold, and just learn to wait, trust me, you will regret it if you cash it out.

Maybe.
We dont know what could happen.
Just always be ready when it did.
Or you could just hold it a little bit longer and wait for it to gain its price again.
Aint that the better choice than stressing it out.

The blockchain is overloaded that's why our transactions are super slow. Don't worry if the price drops for it will rise again.

There will be some corrections till the end of the year, I wouldn't say it will crash.
And then in 2018 I think there will be a crash, but no idea if it'll be when it is 20k or 50k.

The demand for bitcoin is growing as crypto market has less volatile and an increasing number of professional investors see it as insurance

this is not called "cashing out"!
and the issue is that you have simply included a small fee in your transaction. if you are afraid of the drop (crash) then just calculate how much you would lose in case of a crash and then compare it with the fee that you should pay if you want a high priority (400 satoshi/byte) if it is higher than that then just include a higher fee and sell as fast as you can.

This is perfect but I think that this will not be soon. Bitcoin will always fluctuate because there are no regulatory mechanisms controlling its turnover. We will always be hostage to speculative manipulation. But it doesn't bother me. I'm used to.

It may, but I don't think that it will be for long duration. Bitcoin still have to go for long journey.

In the mean time, there so many news and speculations about Bitcoins will be published, which may impact on price of Bitcoins in upcoming period.

But still Bitcoin is really valuable asset/commodity as per consideration of future investment. Public awareness and interest about bitcoins is increasing rapidly which already take Bitcoins value to height and not signaling any down fall.

Bitcoin pullback popularly known as correction had started having reached a highest high of +$16000 you better hold it because bitcoin always  pullback to 20% to 30% of it highest high before continuing the uptrend movement please relax and wait there is better days ahead.

How is that not called cashing out ? He's sending bitcoins to an exchange.

It's slowly crashing down right now from 18k (12 hours ago) to 14.6k. I was thinking to convert some earlier today but now that the price is heading down I changed my mind and decided to hold until the weekend. This is a good opportunity to buy more before the price starts to go back up.

i do not think it will crash that soon to be honest,
because the demand is ridiculously high lately plus we're not yet get listed on CME group's futures at this moment,
do not you think it would be a joke,when they tried to add it at the same time its price fallen to the ground and do not show any sign of comeback.
but if we are talking about correction i believe it will be happen,or to be exact today we already see that right ?
i am not really sure if this downward movement will last long or it's just another bear trap like before.
we're yet to get listed on CME futures,so does that mean we still have a time to make another move ?
and also,lately i saw someone said like you.
he/she claimed the exact thing about 12 hours pending transaction,
may i know how much fees that you use when you did the transaction ? i just want to know,it's because of the fees or it's because of the network itself.

As the trend goes before bitcoins current value, it slightly goes down but not that frequent how it goes up. But of course Im not expecting it will crash this next few days.

It's possible that it will crash. I have friends sending me PMs that they're thinking of selling because they are worried it's gonna crash soon.

If that's how a lot of people are feeling, then yeah, it might crash as more try to get out and then lose when their transaction get stuck.

I've only tried shorting once and never tried it again because I also experienced getting stuck and then having a hard time finding a point to enter and buy using the "profit".

The price has been falling today and I expected there will be another shaking in this few days, but that was predictable because the price was moving too fast, but dont worry it will be recover, it is not crash but just a correction, and when correction happen the price will be going up again

I don't think price crash will occur until the fork because the demand is getting increases due to the free coin from fork,so you will get good deal bro,the transaction is slower due to increase in number of pending transactions.So next time you can check the details of pending transaction in the blockchain website before sending or trading your bitcoin to avoid these kind of situation bro.

No one should be bothered by this market's fluctuations if people are long term minded. If you're not a trader, then just sit back and relax, because the volatility won't affect you at all, even not when on paper your coins have lost vale. Funny is that when people see Bitcoin increase, and thus they on paper made a profit, they are all excited, but when there is an on paper loss, people go nuts. People don't understand that if you don't sell or spend your coins, you haven't lost anything, and at the same time, you haven't gained anything. It's a very simple basic principle, but yet people are struggling to understand this and sell their coins in panic as result.

Bitcoin crash is going to happen any time soon, the bubble may eventually burst but there is no idea, when this will happen. The crash may happen in the next 24 hours or may not happen until the next 24 days. All these things happening currently in the market has proved that Bitcoin is highly volatile and unstable currency. Due to which many ICO's are failing to raise funds as currently the whole epic center of market is one thing - Bitcoin.

can you explain what makes your transactions stuck?
I do not understand why it can happen for more than 12 hours. does it happen where you are exchanging or because you are making a low fee transaction?
because here there is no explanation about your problem

Mempool is clogged with more than 200K still unconfirmed. I also have struck transactions for the last 6 hours and I'm too have lost a significant amount already. However, I don't think that it will drop rapidly in the next few days. This correction is bound to happen, actually I believe that it could have happen much earlier, but people keeps on buying that's why we didn't see any obvious signs that there have been correction already, until today. Don't lose your mind, it will still continue to grow in the next coming days because we haven't seen bitcoin future contracts yet, which is scheduled on 10 December.

Until then, hold and don't cash out yet and please don't panic with this correction, it would be a minor one and will not have significant dent on the current price. Price could settle around $18K before the actual offering happen on 10 of December. And then CME will start as well on 18 of December. So we still have this two news drives the price up until the end of the year.

It is expected that bitcoin price will rise $20k by 2018. So those who are holding is having a great year ahead, therefore there is no chance for a crash, may be we can see some correction before, sure it will rise again after.

Expected speculation about the price is around 40k end of the 2018. As like that we are finding better growth in market place for bitcoin alone this time. We are finding ethereum and other some digital currencies bumping little bit alone with the bitcoin.
We can invest on bitcoin and as my knowledge we can go to invest on bitcoin now without any fear because bump will be keep on hitting in chart.

Not sure about the crash, but it would surely become stable at a stage whether higher than this or lower we will see. Because it cannot keep this pace for a very long time, and it has to stop at a certain point from where it will rather keep rapidly growing or it will quite drop down. A crash simply means it will drop back very low and that doesn't seems to happen very soon, but we never know what tomorrow brings. As long as we are on internet, anything is possible.

I suspect its due to loads of traffic that slowing the process. Also if you select a low transaction fee then it will be like that. I do had a same experience in blockchain but it was completed with in a day. You should've hold it for some more time until it grows more because we see tremendous growth is been observed everyday or a minute. Don't be stressed. let it go with a present. The price looks stable at ~$16k.

I personally think that bitcoin's strong support level will be at $15k range. The traders are just taking a nap or some have took profit but it does not mean that bitcoin's price will crash. I believe that the amazing exponential growth will continue with slight dips in between which gives us opportunity to accumulate bitcoins at a lower price. Next week we may see another surprising event for bitcoin.

But if you were so desperate to cash out soon why you sent a fee that will have your transaction stuck for 12 hours, if you do not mind waiting for a long time you can send a very low fee and see if the miners pick your transaction but if you want a fast confirmation you need to pay and if the amount of money you are trying to cash out is so small that the fee is a significant amount for you then you should not be cashing out at all.

Crash? I think there's no problem with bitcoin even if it goes for $20K or more. Maybe we feel like it's going to crash anytime soon since bitcoin's price is surging like crazy and cashing out seems to stuck for a couple of hours. But i think that's normal. BTC now has a dip of (-5.08%) but its price is still high for me. I want more dip before i will buy some of it.

Its possible but not that of a loss .It has a low chance of crashing cause its now settled to $16000 might get low than $16000 or $15000 but thats it no more than that bro so no worries just sit tight dont let money change your mind and who knows it might be bad or good but so far bitcoin have a good run and circulation.

The support is still there and the demand stll rising. Maybe the price will going to experience some more corrections then go up again.

Dont say anything what you not sure. Everything can be happen and the crash maybe will occur at the mid of December. At now we can holding for wait at the end of month or next year.

Given the charts, correction is over. I think bitcoin price won't fall any more. The price rise has started and it will continue. This is what has happened several times in the past months. Price fall a little after it rises very much, then it rises again. Now it is happening again.

It's really hard to say that price will crash in coming days. But we can certainly ignored that have any possibilities to happen because bitcoin is very vulnerable for this. It is very important for us that we should prefered for the incoming corrections and hardfork, because it surely it will give a huge impact the market price.

Doubt it will crash in the next few days.

If it will crash it'll be after the end of the year honestly. Right now the market sentiment is extremely bullish and people are buying in like crazy, if you see a dip i'd say the best thing to do would definitely be buy it.

In 2018, especially mid and late 2018 i think we may see some big adjustments happening to price. But not before some more rallies that we will see next year as well.

There are congestion in blockchain due to constant fluctuation of bitcoin value there are lots of people are selling their bitcoin then some of them are buying that is why lots of transaction are stuck more than a day but you do not have to worry it will be processed.

And i recommend to you that you need to have fund in bitcoin and fund for fiat what ever happen you dont loose the opportunity to earn good profit.

Crashes dont happen slow on the way down like this where you can predict it. They happen when its going up and setting ATH and then suddenly BOOM youve lost 80% of your money.

Don't get panic, it has still a lot of days and they say that this Sunday big investors will come in bitcoin so maybe it will pump the price this week. Try to wait until Sunday and check the price of bitcoin regularly then if you think you've already gain profit then sell it, because I think you always getting panic everytime the price of bitcoin gets down.

It will crash a little bit for sure, if a lot of us will sell their bitcoin if the price of bitcoin gets higher, but in my case, I will not sell my bitcoin even if bitcoin price will gets higher, I will hold it for as long as I can because I believe that bitcoin will still get higher by next year.

Bitcoin is very unpredictable this days. It will rise for days and will fall in just a day or vice versa. The prize is base on the demand or supply in the market. The demand directly proportional to the price of Bitcoin. Easily speaking, when the demand is so high then the prize of the Bitcoin will rise. Like in the normal market, if the product is in demand the seller will grab the opportunity to profit and that will cause to rise the prize of the product.

we are all worrying about the rapidly increase of this bitcoin then suddenly it will crashed soon. but for me it is very normal scene and nothing to worry because every pump has a dump moment then after a dump there is a pump and so on, the circulation is unlimited because of the supply vs demand. but in the end our bitcoin is totally getting more higher/increase and no one can stop it.

it is congested because of cryptokitties. lol just kidding :)  
now back to the topic. id like to answer your queries based on my own knowledge and observations.  first of all why did you send a bitcoin or cash out with a verry small fee? in case you didnt know transactions works verry slow on a small fee but ill be fast on a high fee ( vise versa) plus even if you put a recomended fee thesedays itll still be slow to process because blockchan network is traffic due to the rapid increase of demand and value of bitcoin , also many users now are cashing out their bitcoins to get a good profit as fast as possible. secondly you can also try to use a bitcoin transaction accelerator service to speed up your unconfirmed and stuck transactions. lastly yes bitcoin will constantly drops on the next few days beacuse majority of people will still cash out to earn a descent profit based on the current value of bitcoins thesedays.

Its really an irritating aspect that now when you try to sell your bitcoins by withdrawing it from an exchange $15,000 and you are not able to sell since transactions are stuck,you could do nothing without seeing helplessly your bitcoin's price falling down.The transaction congestion may get solved when BTC price even falls $2000 to $3000 from its current price,then i'm sorry to say that we would not be able to control our anxiety and we may totally break down.

i don't think so, i don't think a big crash in the recent time and i think no one should predict it. the main reason is that he demand for bitcoin is growing as crypto market has less volatile and an increasing number of professional investors see it as insurance.
i think no one should predict a big crash right now.

The fact is that there is a lot of information that users expect several Bitcoin forks before the end of this year. This situation can greatly affect today's price on Bitcoin.

Today the bitcoin drops up to $ 2000, and seems to continue to fall as users choose to sell and profit-taking. but I will hold and will not sell it just aka buy because a good opportunity to get a cheap price.

The coming forks are garbage, and for that reason will not affect the market -- they are nothing more than an attempt for the people behind them to obtain instant profits. Currently the only thing that will affect the market are the CBOE future markets going live tomorrow. Current sell-off might be initiated to make coins from weak hands flow into stronger hands, or the market was bought up in the runup to this event, and now it's almost here, the excitement is gone. I cashed out some profits not that long ago around $16,000 because of this exact situation. Chances were there for the market to go down before the future markets go live, and it seems that this might actually hold value.

There is no crash anymore. The crashes came just because of Segwit and bitcoin cash. Now it's over so there is no crash. If bitcoin planned something new might appear a little bit crash but next 2 years are 100% cleaned so no need to worry about crash just keep invest because bitcoin is reaching to 40000USD.

More and more people try to cash out, because they're afraid of a correction coming up. This will cause a snowball effect, especially when whales also start dumping. Maybe the bitcoin futures will push the price a little up, but a correction or even a crash is inevitable. The price will drop to 8K. The price is going up too fast, a drop will come in 1 or 2 weeks.

LOL, What $8,000, the price drop to ~$13,000 but now it has recovered once again to $14,000 so I think it has slowly recovered by the price correction, I don't know where you get that $8,000 figure. I know that the price is getting up too fast, maybe because it is driven by all of this news regarding the bitcoin future contracts, but I doubt that it can go back to 4 figures once more. There's already a lot of cash poured into the market that the people will keep on buying eventhough the price is really that high for some. If its going to crash, not their year, this is just the beginning, and even a crash is good because its a perfect buying time but I doubt it will go that low to $8,000.

Value bitcoin currently difficult to crash as it did few years ago. Because, bitcoin holders continue to be optimistic that they have made the bitcoin it holds as option to make the money work perfectly and maximally.

According to bitstamp almost $3,000 drop just few hours  ago what do you think the reason why its drop my guest the news about hack business from few hours..

But the price is getting increase back that i think its a major correction everything we will see if what will be the price soon...
But hoping that the price won't go back to $12,000 value like the movement happen in bitstamp.
And yeah buying is always a good choice right now to buy a cheap price but the price is getting normal again..

Back in the days it was more like blind speculation, where people now due to the adoption that's picking up gain more confidence. In addition to that, people aren't selling their coins like they used to do back in the days, so the corrections that we are going to experience in the future will not be of the same magnitude anymore. People now more than ever understand that selling Bitcoin will most likely only end up in a big disappointment due to the constantly increasing price. People who secured profits around $3000 thinking having made a great deal, look back frustrated if they haven't bought back their coins at significantly higher levels after that. Shorting Bitcoin will cost you badly in this market, and it seems that people somewhat start to understand this.

After a bull run, Bitcoin Started Bleeding. Its a healthy correction. Only new people with weak hands get worried over a small dip. Great time to take advantage and utilize this dip to increase your position. Alot of people getting rich on the margins.

Guess that happens when you got easily swayed by emotions. Many people are making the mistake of selling when the price decreases not knowing that cryptos are like this and it seems like after decreasing it will increase again like after 2 days. A crash is a good opportunity to invest more and is a good chance to earn more profit after the price rises again. This happens before and I am sure that many people have gained good profit after the crashes that had happened. The price of bitcoin seems to continue rising and if ever there will be a crash again, buying will be harder because the price still looks high compared to the prices from previous crashes.

I don’t know much about future but the price is again at 13k and this is sort of crash which everyone was waiting time has come go and grab your coins otherwise it will be very late this crash is just because of people who sold out their coins for the profit purpose and the vacant space will be filled soon so don’t waste collect money and invest into bitcoin maybe this price will never come again so take advantage of it,

I personally define crash as a minimum of 50% drop from the current price and I doubt this will happen any time sooner. There should be a tremendous pullback of investors, a very horrible news circled the community, and other misfortune happen simultaneously or consecutively in order for the said crash to happen. And for now, I highly doubt.

There is no crash coming in future days because bitcoin community is mature now and they will not sell at the same time to create any chaos in the market and maybe a small fall occur people will be ready for the buying time to start and after that there will be much pump in the price when the buying Is over so a fall here will take prices to the whole new next level record and instead if coming down price will grow more higher.

I doubt it will crash anytime btc has been continuesly increasing. Were seeing of fallback of the value but it will regain to the current price and continues be. Bitcoin proven to be strong because of the fudsters or many prediction to crash it yet it is still stands highly.

I was told to cash out, But I was saying no as I didn't think it would crash more then 60% and then 20 people told me to cash out so I did... NEVER AGAIN...

Trust your gut guys not some guys who got lucky one time and made lots of money on trading

Yes mate I made similar mistake when the value of bitcoin was $2000 as there were wide speculations that $2000 will be the highest and soon it will drop down to $800 I made a big mistake by cashing out and today's it's in the process of reaching a new landmark of $20,000 so it's better to go by own research and instinct rather than suggestions or predictions of some random members who have no idea about the market.

Lol yeah, a lot of people were panicking and saying that this was the end of 2017's bitcoin rally but obviously they have been proven wrong again. Huge bear trap that was met today with a 20% rise and i would think that the all time high will be broken soon.

Don't make the mistake of joining the selling crowd when people are selling on an hourly basis. Nor the mistake of joining the buying crowd when everyone is saying great things about bitcoin, saying it's going to go to the moon etc.

Basically, BTC isn't crashing, anytime soon.

Why did you trust those guys? Look at the current price, it has recovered and now trying to test $17 once more but I think there's some resistance and the price is swinging wildly but somewhat settling above $16K. It went down to $13K and I was alarmed as well, but thinking that this is just a correction, I wouldn't bulge from people telling me to sell as well. I make my own decisions, its my money anyways.


Yes, its just a fallback that we have seen over and over again. And if you are too emotional and didn't know how resilient bitcoin is, you will really immediately dump it because you don't want to lose your profit. However, for those who are been here for almost a year now, is normal and bitcoin has also shown in the past that it can go even further after a crash or correction. So this price movement will end up to $20K at the end of this year.

Now with bitcoin futures we still see bitcoin going up and there was a large demand for them at CBOE. The price is now more than 15K. So it does not look like bitcoin will crash in the next few days. However, in a week or 2 we'll see bitcoin crash to less than 8K.

The launch of future trading upon Bitcoin made a huge surge on the value of Bitcoin. Predictors are predicting it will grow more in the next year, so its tough to assess whether its going to crash or not. But current scenario is far away from any such crash indication.
I wonder how you stated that it has possibility of crashing that low?

No price keep this way hope to break 20,000$ and more before end of 2017

we have great year and bad to end it with crash

before the end of 2017 we'll 20k usd prices in bitcoin as far as i think. and there won't be any crashes just minor corrections, this is not a shitcoin or pump and dump coin, this is serious people. So i wont expect any further, dramatic crashes.

I think that the futures will always push the price of bitcoin up. If the first day of trading bitcoin trading at $ 18,000 in January, it means that there is a tendency to increase. So the price will go up on all exchanges. Now we have the lighthouse. But if the price on the Chicago stock exchange will decline it will be a signal to the fact that the need to keep coins and to reduce the demand. In General, I have the most optimistic forecasts for next year.