Bitcoin Forum

Hi, so now what on earth if going on with the price.
Lower than 17k , this is not great. It was killing past 19.500.

Any reason for this?

I would imagine these bitcoin future trading platforms getting involved is one issue.
Maybe im wrong

Love to know what you guys think here this is horrible for bitcoin, i would have thought the 20 barrier would have been broken by now.

Can you Newbies stop mixing up the facts?! This is simple shit to not get wrong.

There is no official cofounder of BTC. The founder of BTC is Satoshi Nakamoto...and he's made no such public statement. He hasn't made a post on this forum for 5+ years.

The cofounder of BITCOIN.COM the website, wallet, exchange, news aggregator and forum...someone who's been a HUGE supporter of Bitcoin Cash since June or July said....blah blah blah doesn't believe in bitcoin blah blah blah.

The hunch is that he's dumped his Bitcoin and bought Bitcoin Cash. He's running up the price to bring hype and attention to the benefits Bitcoin Cash has over Bitcoin's deficiencies.

Seriously, guys, get the fucking facts straight.

I think the future trading platform is more advanced from now on, and bitcoin prices will be much more expensive than now, hopefully we will find success in the future.

Bitcoincash being listed on coinbase  and it's affiliated site for trading ,GDAX, is another factor for the dip. Coinbase is the leading platform for trading Bitcoin in the US but it's customers did not receive their bitcoin cash equivalent at the August 1 Bitcoin hard fork. With the recent announcement, that coinbase will start supporting bitcoin cash bitcoin started experiencing a dip.

Let's also remind that the other co-founder of Bitcoin.com, Roger Ver, the judas who stole Bitcoin's name in various fashions, admitted that he wouldn't sell all his BTC for BCH, acknowledging the BTC's value, and that it's what it is, a value.

The reason he want BCH to take over, is that he bought a massive amount of BCH's when it was near 200, and now stupid sheeps are helping make him 20x richer.

It's just the market.   It goes up, it goes down.    The people who simply say it will only go up are just 'wishing' it up.   

Christmas must be one of the primary reasons for this correction currently. I also feel that coinbase adding bitcoin cash also seemed to have caused this correction. These kind of things are normal in this extremely volatile crypto market. This is how the market works. Don't be surprised if bitcoin touches 30k by the end of this year even after this correction. Make sure that you are willing to invest money which you are prepared to lose.

Forks over

Bitcoin future got listed

Miners started to support bitcoin cash.

Some traders started to take profit from bitcoin

Coinbase listed bitcoin cash and one guy who used to be bitcoin cash supporter from very start stated that he sold all his bitcoin but who knows how much he is still holding.  ;D

All this might have affected the price of bitcoin, it will recover soon.

Bitcoin Cash rally. It happened a few weeks back too when BCH had a rally,  BTC fell badly,  then BTC had rally and fucked every other altcoin.

But all these effects are temporary on bitcoin. The rise will start again.

Probably because bitcoin rose too often a few days ago and needed to be fixed.

50 billion in market value was moved out of Bitcoin in a very short period today. As it dropped 4 billion went back in quickly. Sounds like the whales are having a frenzy, I was watching it I'll see if I can post the link

When bitcoin price goes up in a short period of time, you don't need a reasons? Man, that is part of being a volatile in crypto currency world, sometimes it will go up and sometimes it will go down to become balance. One thing is for sure, bitcoin value will recover again anytime soon!

Not a big deal. What was that, a little more than a 10% drop? How much has Bitcoin grown the past few days? It's normal. It can't keep rising.

It may have something to do with another round of Bitcoin Cash FUD, as it seems to have been pumped again and all this noise about Bitcoin.com's co-founder. Honestly, this isn't a cause of concern. Things are going to correct themselves in a few days.

My bet BTC price drop connected with insane pump of BCH. People switching attention and diversify their portfolio.

We saw it and we have decided to move to Bitcoin Cash.
We cannot make small payments to our users anymore with Bitcoin.

Payments we made 5 days ago are still pending, these are payments for $1.00 with fees of $2.00

Bitcoin is now officially useless for small payments.
Bitcoin Cash charges only $0.04 to send a payment in any amount which is reasonable.

We would probably make a big announcement about it in our site later on.
Please understand the CoFounder of Bitcoin.com might say "blah blah blah" in your own point of view but many businesses will follow suit, paying a $30 fee to send funds is simply unacceptable.

they are pumping bitcoin cash again and each time that happens they also dump bitcoin and nobody is complaining about it because you can short bitcoin while buy bitcoin cash and make a huge double profit in both markets while you know it will end soon and you go back to normal.

right now you can sell on top and buy back at the bottom and enjoy the bitcoin cash pump while it lasts. then buy back bitcoin at the bottom before the trend reversal happens.
it is a good market correction anyways. it make the market healthier in the end.

One good reason for this is traders are now on a profit taking stage. They are happy with their gains that is why they have sold their Bitcoin which also creates a ripple effect to the market making other Bitcoin holders to do the same.Also with Bitcoin is now 3500$ cheaper which can be an opportunity for them to buy back at a cheaper price. With how I personally observe how Bitcoin move this year every time that Bitcoin gets corrected   only time will tell that it will soon recover to its normal state.

Maybe whales? :) They're already hit the profit they want. They will come back don't worry just hodl your bitcoin. I saw there's a support ing 15k usd - 16k usd

I hope it does, i really hope it does.
Its very horrible to see it reach a stable 18.500 to 19.00 and now its 20 thousand weaker.

I just hope all the other forks dont distort the way of thinking of the current bitcoin miners/owners.

The previous posts pretty summed up everything there is to this dump in Bitcoin and pump in Bitcoin Cash. Well, the natural reasons would be the new listings of Bitcoin Cash in some not-so-small exchange platforms with a significant amount of trading volume. The other reasons would be that one or two big names within the Bitcoin Cash circle is dumping their huge Bitcoin holdings and used the proceeds to buy Bitcoin Cash. The catch is that the former cannot cause as large a spike in the charts as the one we are seeing right now. The latter could.

You are absolutely right

BTC is main base of all altcoins , It's like as USD or EUR in money world
but Bcash is only a name for destroying bitcoin .. unfortunately ver and craig have more than 25k btc in their wallets (i heard) and they hate btc and they know theirsef owners of bcash , with such amount of btc , they can do dirty things and move market in their way , I wish i had their priv keys

More than likely that's what happened. But I believe, BTC price will go back to its increasing trend again.
We've seen this kind of behavior already, remember the China thing - banning ICOs.
And the whales are having their party every time this kind of scenario in crypto trading happens.
You need to be a strong hodler of BTC, else, you will sell also your small amount of btc.

It's nearing Christmas, some people wanted to buy gifts for their families and friends and to do so they need fiat.
I personally cashed out some of my BTC too for my Christmas treat :P
So you can say, this is some coordinated Bitcoin dump by those who need money in year's end

Also, Coinbase started accepting Bitcoin Cash, this might be one of the reasons why people dumping Bitcoin
https://blog.coinbase.com/buy-sell-send-and-receive-bitcoin-cash-on-coinbase-65f1b2c7214b

I think this drop in Bitcoin is just temporary and should not be a cause for alarm. It's been rising really rapidly in recent weeks so such a drop is normal given its volatility

BCH pump definitely is the cause. Also its launch on Coinbase

huge? you must be kidding? It's totally normal volatility. Even if it fell 50% that would be normal. A huge drop would be something like 80-90%
so dont run around thinking this is stocks or some other asset like that

Lets hope this is , "the" correction and its completed:
https://www.ccn.com/bitcoin-price-dips-below-16400-loses-15-in-major-correction/