Bitcoin Forum

any news?
why is everything dropping?
btc under 700, anon on 3.5$ all others have lost 30-60% in value.
anybody know?

Some news from China regarding a potential ban for financial service providers from interacting with Bitcoin exchanges.

And since pretty much every altcoin depends on Bitcoin for its survival, the hardest blows are expected in the altcoin-corner. No surprises there.

Im gettin stressed out over this!!! wtf is goin on??????????

Don't look if you are in long term. If you are short term, you've already done it wrong!

if china bans btc , it will drops to 100$.
i dont know what long term are you looking at...

1    Bitcoin   
$ 8,593,482,536
$ 708.31   12,132,375 BTC   -19.00 %   
2    Litecoin   
$ 604,566,582
$ 25.18   24,009,392 LTC   -19.31 %   
3    Peercoin   
$ 72,623,194
$ 3.47   20,924,539 PPC   -21.58 %   
4    Namecoin   
$ 33,520,960
$ 4.47   7,500,042 NMC   -23.07 %   
5    Quark   
$ 27,480,992
$ 0.11   246,415,025 QRK   -40.15 %   
6    ProtoShares   
$ 16,717,297
$ 14.46   1,156,307 PTS   -15.22 %   
7    WorldCoin   
$ 13,467,576
$ 0.38   35,606,131 WDC   -37.06 %   
8    Primecoin   
$ 10,663,137
$ 2.96   3,601,516 XPM   -24.57 %   
9    Feathercoin   
$ 8,810,466
$ 0.33   26,465,350 FTC   -22.02 %   
10    Novacoin   
$ 7,309,794
$ 14.03   520,952 NVC   -19.11 %   
11    Nxt   
$ 6,342,882
$ 0.0063   1,000,000,000 NXT   +0.50 %   
12    Zetacoin   
$ 6,046,029
$ 0.038   158,663,091 ZET   -38.62 %   
13    Devcoin   
$ 4,847,361
$ 0.00082   5,899,620,050 DVC   -48.04 %   
14    Freicoin   
$ 4,134,845
$ 0.12   34,338,947 FRC   -17.51 %   
15    Infinitecoin   
$ 4,063,400
$ 4.6e-05   88,825,168,397 IFC   -25.70 %   
16    Digitalcoin   
$ 3,935,232
$ 0.34   11,484,972 DGC   -41.17 %   
17    Anoncoin   
$ 2,598,376
$ 4.40   591,013 ANC   -26.38 %   
18    Cryptogenic Bullion   
$ 2,383,501
$ 2.59   921,938 CGB   -25.54 %   
19    Ixcoin   
$ 2,341,790
$ 0.14   17,115,314 IXC   -4.51 %   
20    Copperlark   
$ 2,341,568
$ 0.45   5,247,749 CLR   -31.42 %   
21    Terracoin   
$ 2,271,523
$ 0.49   4,647,770 TRC   -24.34 %   
22    GoldCoin   
$ 2,050,458
$ 0.071   28,928,345 GLD   -32.10 %   
23    BBQCoin   
$ 1,995,054
$ 0.069   28,741,226 BQC   -20.81 %   
24    DogeCoin   
$ 1,518,492
$ 0.00021   7,261,826,872 DOGE   -57.46 %   
25    Fastcoin   
$ 1,344,705
$ 0.03   45,233,975 FST   -25.79 %   
26    Sexcoin   
$ 1,253,142
$ 0.028   44,987,025 SXC   -39.32 %   
27    Datacoin   
$ 1,076,717
$ 0.76   1,413,307 DTC   -18.84 %   
28    Tickets   
$ 1,007,657
$ 1.5e-05   65,877,163,848 TIX   -29.78 %   
29    StableCoin   
$ 880,626
$ 0.10   8,701,555 SBC   -41.60 %   
30    Yacoin   
$ 813,798
$ 0.064   12,767,299 YAC   -41.44 %   
31    Deutsche eMark   
$ 745,050
$ 0.31   2,375,350 DEM   -49.87 %   
32    I0Coin   
$ 730,123
$ 0.036   20,020,872 I0C   -16.44 %   
33    FlorinCoin   
$ 689,030
$ 0.021   33,137,600 FLO   -54.72 %   
34    Mincoin   
$ 598,752
$ 0.41   1,457,330 MNC   -33.17 %   
35    GlobalCoin   
$ 511,840
$ 0.021   24,841,900 GLC   -38.73 %   
36    BitBar   
$ 430,830
$ 50.59   8,516 BTB   -26.65 %   
37    TagCoin   
$ 395,123
$ 0.80   492,930 TAG   -35.44 %   
38    BetaCoin   
$ 311,734
$ 0.079   3,966,636 BET   -6.07 %   
39    Spots   
$ 309,783
$ 0.097   3,179,608 SPT   +5.71 %   
40    Luckycoin   
$ 268,926
$ 0.029   9,260,296 LKY   -42.51 %   
41    GameCoin   
$ 260,374
$ 0.0025   105,759,800 GME   -42.59 %   
42    Bytecoin   
$ 236,050
$ 0.14   1,666,291 BTE   -38.71 %   
43    Franko   
$ 223,874
$ 2.76   81,008 FRK   -42.65 %   
44    Argentum   
$ 221,848
$ 0.42   522,431 ARG   -35.87 %   
45    CasinoCoin   
$ 220,157
$ 0.043   5,169,985 CSC   -58.14 %   
46    CraftCoin   
$ 213,538
$ 0.92   231,908 CRC   -14.81 %   
47    Noirbits   
$ 197,637
$ 0.11   1,858,560 NRB   -48.72 %   
48    EZCoin   
$ 173,269
$ 0.015   11,869,850 EZC   -56.67 %   
49    Junkcoin   
$ 172,408
$ 0.019   8,856,700 JKC   -46.56 %

When Bitcoin tanks it takes with itself all the alt-coins, since it is a fabric that all the alternates are a part of.

BTC was more than $100 before China, besides all the rest wrong with your post.

I can tell you have a window of experience about a week wide  ;)

Never panic sell! Just hold and ride out it. With the news of Wall street entering soon, it will all go up, So just hold or regret it in a month!

Or they convince the feds to ban BTC and the whole thing falls apart. Not that I hope it happens but it is possible.

Go down more go down :)

i guess you can tell that by looking at my activity number ;-)

but nevertheless im looking for long term , but its not a bright day to see 50% drops.

It will bounce back.  Just hold your coins.  If you have some BTC, look into buying some alts the have hit the floor.  Wait for BTC to rise again and everything will be alright.

Just the normal roller coaster.

"When Bitcoin sneezes, all the altcoins catch a cold." ;)

+1

Weak hands just pushing their coins into stronger hands. That's all. Please keep selling me your cheap coins :) Preferably Quark, Stablecoin, Worldcoin, Sexcoin, Casinocoin, Digitalcoin and a couple more. lol!

and what will you consider a good long term buy?
besides btc and ltc?

I have been buying like a mad man the whole day. As soon as I got changed my fiat to BTC I sent the BTC to WorldCoins. The sun will come shining like a blazing torch. That torch of fire will sent WorldCoins to the Sirius if not beyond.

Nice write up, thank you.

Mine Mine Mine :P ;D

bargains all over the place now.
Don't fight it. Put low orders for the panic sellers to dump into. Happy christmas everybody.

NMC, other than that not too much.

I do have half a million doges or so, because woof. I'd advise against doing that. 

This is a good thing.  It will scare out the noobs from mining meaning difficulty drops and we make more coins.  Plus they sell what they have to get out so we get cheap coins.. 3 months from now when the dust has settled we've got a strong hand full of altcoins...

DING!

Wife freaked out last night because I had the chart ticker going and she was seeing nothing but down red colors with little or no green. I then went back a few weeks and showed her the same thing then... and before then .... and again and again.

+2

Exactly!

Today has been extremely profitable to day to pick up some WDC.
There has been a terrifying panic-Patrics slaughtering their beauties and I've crabbed some.

Now just waiting for the WorldCoin shooting straight to the moon and buying during the flight.

The bottom might have been seen in the markets -at least WorldCoin's sellers are much slower today than yesterday... They sold the cheap coins to me and a few other lucky ones.
However, I consider everybody lucky who is able to purchase this coin below 0,01 BTC level which will be a hard job after a couple of months from now when WDC takes over.
The rewards keep coming down but the demand starts to rise and I shall keep my coin sales tight - soon there is a shortage of WDCs in the marketplace - just watch and see.  ;) 8)

I usually like to hold some BTC when trading alts, but after the drop today, I spent all my BTC picking up more QRK, SBC and even a little bit of DOGE for the luls. Don't worry too much about this drop. China forbade their banks from performing services for cyrptos (I think, maybe someone else can be more specific) so speculators gonna speculate and are dumping everything.

Still buying. My strategy is to by with fiat BTC as the BTC drops, then with BTC buy WDC and when the WDC rises, sell 5-10 % of the WDC and sell the BTC (usually when BTC is up also WDC is up so I have more WDC to sell compared with if I just trade BTC-fiat-BTC). My buying and selling strategy is like a circle.
No selling though until I get a good price. I encourage also other buyers not to sell too early - these alts it is quite easy to make 100 % (or more) gains so do not sell before - otherwise you cry and grief in the evening when the price is 0,0015 BTC per WDC.

I still think many alts is overpriced. There is probably a lot of very good buys now, but some coins will probably go further down.