Bitcoin Forum

Price is falling too much  ??? Lost more than $1000  :'(

yeah  >:(

May be it's  time to wait and buy at dips?

As long as you haven't sold your Coins, you have lost nothing!

The price will fall to $ 2900
Look at the price chart https://www.tradingview.com/chart/?symbol=BITSTAMP:BTCUSD
But maybe the worst option, is the price of $ 2000

Don't listen too everyone on bitcointalk.
If i remember correctly, people were saying 5k was really cheap..

That's right.  Quit obeying the mainstream media sto dumping your coins! 
Just wait until November and you will see it skyrocket again , seriously .
It's agenda driven downward dips and we can't let it spook us into submission.

Relax it will bounce back! 🦋✨☕️ 

LOL, $1000...

I lost like half a lambo, but holding strong, better days will come, don't ragequit, don't realize your losses.

god save me. I received hard working payment through bitcoin 1.22 and lost almost 1000$++  :'( What the hell is happening here.

Too bad that USA keeps bashing btc.  lol  its crazy that asia and europe has a bigger influence on btc.

I'm waiting for my heart attack.

im switch off internet and all those freaking news for a couple months....its boring

BTC was due for a dump.   China wants to buy much lower, then they will reopen the exchanges maybe?

What is the list of Chinese exchange?*

Well so far, bitkan (OTC exchange), Yunbi and BTCC are suspending trading.

The others haven't said anything.

This is crazy!! Movements !!  :-X

This wouldnt happen if more people in NA use btc.  China could be a minority.   its just one country in the world that can bring the price down.  imagine another country becomes big on btc.

No one can save you now. You are at the mercy of mighty COMMUNIST CHINA!

Dont stress out yourself brother. If you did invest on Bitcoin you did already know the risk since from the start.We are not only seeing price increase on here on which there are really dips on the price.You are not the only one whose losing money on here.For sure most people who did invests on bitcoin too.Worst comes for sure when we hit 2500 price again. We would really say "WTF" on that point. haha. Dont sell just hold on your coins as long you didnt sell you are still not losing some money.

You can be right. There is really an imbalance of the distribution of Bitcoin resulting into one or two countries almost having a grip of the whole market. However, it is also impossible to create an artificial distribution just for the sake of balancing the whole thing. This is all about demand so if there is really no big demand for a number of countries then there is nothing we can do about it. Right now, maybe it is really about time we disconnect Bitcoin from China. Bitcoin is not made in China so we can all have the best of our cryptocurrency journey without that country.

What a panic over a measure to get some regulation, safety and stability going.

Seems like an excellent time to invest more in bitcoin to me.    ;D

haha! Maybe you dont have money in wallet as you seems happy  ???

China is not doing anything to you. If you are familiar with the history of BTC you know all about how Chinese rumors are used to manipulate the market. Like other forms of fake news they start with a grain of truth. As best I can tell the Chinese government is going to crack down on ICOs. They think they are really just scams, which is basically correct. It's actually a boost to bitcoin. However there is  more money to be stolen made in a fearful market.  Fear caused people to act stupidly and that is the moment they will sell their coins cheep.

I just lost a god damn car with this crash...anyone know why the fuck Ark is up 20 percent when the entire market is tanking?

Can only partly agree - if another country goes bit on btc (not saying several other countries arent relatively big already) - regulations follow rather quickly.. Its just unfortunate that China took these steps so quick.. along with this JP morgan dickhead and bunch of other bad news hitting the market.. this is like the worst possible month PR-wise for Bitcoin..

The Problem grows further - BTC is hitting the mainstream - but if youre not involved with btc you get maybe 10% of the news we in here get after all.. and those news mostly consist only of "btc grew xxx%" followd by Dimons comment and news from china that bitcoin is a scam/ will get shut down

This takes away BTCs chance right now to become big and accepted by the masses, because how can a spokesman of the big banking system be full of bulls*** on this topic?

Makes it easier to stay away from crypto and less likely that people feel like they are msising out on a big opportunity which is to actually devalue and take power from the big players in the game and build their own system long-term..

One of the big reasons for this crackdown was the plight of millionaire class to move their funds abroad. they were using cryptos to easily avoid the 50k unit restriction for funds leaving china. one millionaire even went so far as to sue himself using a shell company in order escape the grip of the communist money restrictions it was in the news.

so it kinda makes sense that china is finally cracking down wanting to centralize its power once again and subject its people to its whims

China continues to ruin everything. Let's see how much more the market will cover .

$ 2960 been the hights several time, and resistances tend to turn into support lines. This worst option could be assumed between former ATH from 2013 and this level. We are still above $ 3200 which I recognize of having been the area on a 6 days prolonged timespan. Will not drop through that in just minutes.

Maybe a full mempool and highest fees can slow down this melting process.

this shouldn't be happening....china cant just be deciding all the time...as a community it important we start a campaign that will drive other countries to have a say in the price movement.

This is really Confusing...!!!

OMG.. what happened BTC now? i'm already stress right now.. why BTC falling down so much.. i'm lost 500$ now.. hope this issue from china just hoax to make BTC falling down.. cause before 1 month ago, BTC grow to much..  :'( :'(

Everything below $100k is cheap  :o

Yeah I also lost a quite amount of money, but I better HODL than panic sell ;)

interesting where this is going? we will see again 2500$ ?

All I will say is HODL HODL and HODL buy more on dips with different lower percentage if you can and wait for the pullback.

lol! yOU GUYS ARE SICK  :-X

You should have known that Bitcoin is not for the faint hearted. We are making a revolution here, ups and downs come with the territory. If you want a nice and smooth travel, you should have never gotten involved with Bitcoin. Disruption means getting rich after traveling across numerous heavy storms. Long term hodlers will, as always, win.

And if you think about it, it's not China or USA or whatever else's fault, but the people that panic sell, these are ultimately the ones that crash the market. If no one reacted to the FUD, we wouldn't have crashes. It's simple.

it is a very big damage which will be healed in 1 year and more. If it breaks 3000$ barrier, BTC may crash to 1000$'s.

If you're worried over a $1000 decrease, then you should be ready for more. You haven't really lost anything yet as long as you haven't sold anything. I don't know why you're panicking too much on such small changes, guess you're one of those beginners who keeps falling for FUDs and are too obsessed on such minor fluctuations.

I have a very modest wallet,  but I'm in it for the long run and don't intend to sell at any dip.

I only invest in bitcoin what I can afford to loose and the current panic dip looks like an opportunity to invest a bit more.

Tough times but its the nature of the beast. If you're holding you still have the same volume so that's cool. If you're a trader then that's the game ... Buying in dips and selling at peaks.

He's just frustrated about that fluctuation, I did not bother about the fluctuations because this is bitcoin we are talking here, anything can surely happen just be glad that it is just a slight changed in the price, back then when I started earning bitcoin it was only $500 and right now that we attain the $3000 mark value I am surely happy about it, and even if bitcoin would reach the $2000 mark I will keep on holding and waiting for the price to rise again.

many people are losing money. The media only gain support in bitcoin when the price hits hights. we seen it before from the sub 100$ days to the $1000 mark then back to around 250-300$ mark back up to where we are today.

This will be a great opportunity to invest a bit more since the price is cheap and if the price will gonna go to $2900 or $3000 then it would be a great opportunity too. I hope more and more investors will be buying bitcoin and i also think that China's banning of ICOs is just temporary it will not long though. Please be stay calm and be patient.

The Chinese government is actively cracking down on people trying to smuggle money out of their country. It was only a matter of time before they brought the hammer down on BTC.

Are you sure China is the one to blame? I thought those American bankers caused this dip? J.P.Morgan Chase and their CEO Jamie Dimon

There no such an idiotic chinese make sense if the price is going down because bitcoin will never been lose forever and exchanger will do some trick to the user to exchange their btc to fiat. What do you think to increase the bitcoin price guys.

In every market price falls down when bad news hits. And eventually things go back to normal again.

And that? It is good time for buying!

This thread is chock-full of hideously bad Engrish. I love it.

this is a risk we must know before starting investment.

yes i agree this is because china. Chinese rumors are so wiggling bitcoin, so bitcoin becomes decreased.

in my opinion we should hold btc and buy more if the price go drop again.
with cheap price we have oportunity buy lots of bitcoins or other cryptocurrency that have same situation.

China had their own part in this dump, but I think JP Morgan is more to be blamed. Most of these trader don't know a single thing about BTC and invent in it like any other stock, and well most of them are Americans, so if someone like JP Morgan calls BTC fraud it's obvious that these traders will panic sell asap. Thus causing this dump.

That may not happen dear.

BTCC anounce they are closing.. Massive dumps on the market today..

Soon bitcoin will be banned in china and only bitcoincash will survive is what I make of the situation over there,

We need a EU / US ASIC builder and boycot all china products...

The fuck BTC will give people will remember forever, I assume.  :'(

Same thing I was thinking.  I'd fucking be singing in the streets if it was only $1000.  Even half a Lambo seems good.  This is a disaster.  I think I lost more than the Florida Keys. 

I received $5K from my client yesturday and today the crush happens, Don't know how to tackle this situation and the financial losses.

I think a lot of people are in the same boat.

Saying that I logged into my simpleFX account to day to see a 3.4 btc profit on LTC I put a buy order in like 3 months ago forgot about it LTC price was 15$ at the time!

So the loss on bitcoin today is recouped by a long forgotten trade that has come in very handy today!

Just lost 2000usd

That's right.  Quit obeying the mainstream media stop dumping your coins!  
Just wait until November and you will see it skyrocket again , seriously .
It's agenda driven downward dips and we can't let it spook us into submission.

Relax it will bounce back! 🦋✨☕️  

the end of this day is a sick day. reading from symptoms and symptoms. the more days the rumors are increasingly spread, until the market becomes crazy and out of control.

china is the real mastermind of all this.
I believe this will end soon

Lets ban china, stop using their hardware, clothing, cheap labor and food. Oh wait...

"Fake news going on about China banning exchanges. Its all fake and No official resources confirmed this. Market is facing crash due to panic selling. Whatever happens to china exchanges, no one can stop this crypto. We have seen after every crash, there is GREEN. So prepare yourself, and BUY cheap"

Everyone keeps saying fake news, fud, bla bla bla. How fucking hard can it be to get an official statement from the exchanges and the governing authorities about this matter?

https://twitter.com/YourBTCC/status/908285586368167936

Dose this look fake to you???

let's cry together for we all lost something we have not lost yet because we just hodl  :'D

Please TSCHINA ban Bitcoin, so the meme cannot be used anymore for this crap, and we can finally recover from 2000 to 20 000 slowly.

Ban the sun, the moon and the rotation of the earth too, while you can

Tschinese real estate debt bubble will blow up hard soon, and all the factories that make no profit and are artificially kept alive, they are fucking scared LOL  ;D

http://www.zerohedge.com/news/2017-02-28/chart-signals-chinas-housing-bubble-may-burst-soon

its going to be a lot harder since they are only announcing using twitter status  ;D but then the next time they announce some bitcoin drama, be the first to dump :)

$1000 is pretty huge, if you just knew this would happen, i could have dumped everything.

This is why I have had short possitions on since 2nd September.  If this keeps up my position will be fantastic. (All be it at the expense of the bitcoin price)

But we are dew another dip anyway and the media is making it much more prominent that it would of been if there had been no BTCC announcment

We will probably see a drop to around $2800-$3000 before recovering, but expect a big move up after that.  If you are trading, opportunities like this are good news.  If you are HODLing, stop reading the news every day and you'll be a lot happier, healthier and richer because you wouldn't have panic sold at a loss.

What's your reasoning that it will go down to particularly 2800-3000? That's very important to know how low it will go so I can set my buy orders just right. Last time I bought at 1000 and 1500 just before the big pump turned out to be just the right time, hoping I'll get it right this time around as well.

To be honest I think we will see below 2000 in the next 2 weeks. 

Just look at the way the market has reacted to one exchange being "regulated" to the point they have to close down.

Which is what is happing regulation.  In a decentral world that can only cause chaos..

Yes, you can say almost 1500 $ lost since it started to fall but don't panic that's the 1st thing you should know if you are holding bitcoin in your wallet.
And who knows it might hit 10k soon enough and i am sure it won't go below 3k

You haven't lost anything until you sell. Personally imma hold and wait for the recovery!!!

Selling would be silly, question is when to buy during these, least to say, interesting times.

Do not consider lost money due to the current depreciation of the Crypto currency. While coins are not sold, you have not lost it and you do not have any losses. It is necessary to have patience and wait. In October and November, it will not only regain its positions, but will also jump sharply.

All things are the scenario of China and whales on the crypto market, I remember earlier this month in some tweets of Charlie or someone I cannot remember exact but they revealed "this situation will happening in next time". Of course, I ready with this FUD and ready to buy back anytime 8).

the one thing that you could do to get even is to buy their NEO. they are out to dominate soon so if you have NEO, your money are safe in the coming days. its one token that is going to fly right after this weak hands purge. sell your alts and buy NEO.

I also lose bitcoin worth of $1000, but don't think negative, bitcoin will surely recover again it's price. Just like before, maybe it slowly decreasing but I am always positive that bitcoin will recover its price. I am also panic yesterday because bitcoin price slowly decreasing but I will still hold.  I guess small investors will buy bitcoin.

this is because there is interference from the Chinese country that seems to really affect the bitcoin prices that dropped dramatically.
I can not understand why China wants to ban ico and btc, because I think china is the most influential country in bitcoin progress especially for global market.

Maybe they want control it. Who can control financial system can control all thing. We are live in the world rule by money

It is clear why China want to ban BTC and ICO. They will not permit anything in their country, which they can't control. Look at the state of Facebook and Twitter in China. They are under heavy censorship. I think that the biggest worry for the Chinese dictatorship may be that the Chinese Yuan may lose its battle against Bitcoin, because the former is getting devalued almost the every other day.

yes this is decentralization, when majority holder sells all bitcoin then the effect is very felt, I hope they will be patient and hold bitcoin so the price does not go down steadily.

why china suddently closed down the market>< :'( :'( :'( , drop a lot><

You are right. The Chinese are trying to buy at a lower price because they know how valuable it is. This is good for newcomers too so it's not a bad thing.

Oh NooO!!!  :-\  :'(

Bitcoin is a threat to USA. They are the accepted currency everywhere and bitcoin poses a threat to USD. Bitcoin in not some muslim country that they can ruin in the name of terrorrism.

This shit BTC is going to hell since today morning too. No trust on BTC from now..This is risky as fucking without condoms to prostitutes.  >:(

isn't this an opportunity to buy more because the only tendency of continues fall of bitcoin is an equal or greater rise? i mean, since its been very high the past month, this is a good opportunity to invest more because it will rise again after several months.

If all bitcoiners do this, those who have the capability to buy some huge amount or even just penny, then there's a big chance that the bitcoin price will back to its price back $4k+ or maybe it will increase more than the highest price recorded month ago.

Not sure because today pull back may be for a very short term. It may go down even more because again some other countries announce about tightening the regulations. So if your a very long term investor then can start buying in small quantities now. A lot of altcoins also available at very affordable prices but if BTC fall then these altcoins will go down even more.

Not only bitcoin all other cryptocurrency falling even I am confused shall I buy or wait for some more dump based on speculation it may reach 3000$ I will wait till that.

I love crypto. Everytime it rises everybody is completely enthusiastic. When it falls, people think it will die  :D.

banning bitcoin exchanger by china government is very bad for bitcoin stability. it make every one especially in china afraid and sell their bitcoin in panic

Wow great, you as much as hate bitcoin i will do love more than. you have to backup your all investment of bitcoin right now unless to catch your lose. Cryptocurrency is not your platform for earning best, So you should take a proper way to livehood.

that's the projection everywhere, when btc rises up so high everyone makes a comment of loving this investment but now that the Chinese really trying hard to regulate bitcoin and start for the downfall we seen a lots of negative reactions and we don't know now where this investment will go, better to keep an eye
and wait till everything was settled.

Everything that happens there must be its wisdom, which obviously don't make this happened as a decreasing our spirit to continues to earning bitcoin. All will definitely it's gonna be ok and entrust the bitcoin price will rising back next, I'm sure this is only temporary. For sure bitcoin will be still awesome, although this incident seems to weaken bitcoin.

As long as the bitcoin enthusiasts are many, I'm sure the bitcoin price will not go below $ 1000
They only use a good strategy to increase the amount of bitcoin they hold, suppose they are willing to sell large amounts of bitcoin to trigger panic, but behind all that they also have prepared money to buy at a low price,

Totally agreed on that point you said. we are actually living in the world which is ruled by money everywhere and Chinese economy has a big role in it.
And now they want to control Bitcoin after its price has gone so high and now cause of that it's going down

Yeah you are right that is the basic thing that China has been banned the bitcoin exchanges so which due to this bitcoin price goes to falling, but I think why China government are hate the bitcoin world because bitcoin are the main source of income for most of the people, they earn good amount of money.  But more. we should not leave bitcoin and we all have with bitcoin forever, because bitcoin provide to us earning money.

In your eagerness to blame the Chinese Bitcoin users, you are ignoring another important incident. The CEO of JP Morgan (Jamie Dimon) blasted Bitcoin not once, but twice in the mainstream media. He also played a major part in the current price crash.

Keep calm and let's see  :)

buy it when it reaches 1600 usd.  gradually the price will go up soon

What makes you think it will go that low or not lower? I have my buy orders at $2000 judging based on total bitcoins on chinese exchanges plus arbitrage on western with some leeway

I also think this seems to have something to do with the local money of china YUAN that could be ketenaranya will lose with bitcoin.
the Chinese country is really very good at playing bitcoin market price, this is really outrageous because china country wants to control it all.

He who controls the chip stamping controls the blockchain!

Well I suppose that's one way of putting it. It's temper half we should take it one positive slant on things. This type of talk in this type of attitude is not going to get us anywhere. All is going to do is to bring the entire for him down when there's nothing to really be mad about there is nothing to be upset about the price is fine it's not going down anymore and Recovery has begun.

Still there are lot of ignorant people who are selling off their coins thinking bitcoin has crashed.  So the price will still go down.  Moreover there are many people in china who holds a major share of bitcoins. Since the exchanges are closing on sep 30, they will gradually sell off all their coins. So the chances are more for the price to fall.

It bounced pretty hard at $3000.
$3700 now.

It is highly volatile now. It is very risky to invest on it at present.

Last time I checked BTC price was $900. Shouldn't you guys be happy that it's price has risen? Also, how exactly did China take down BTC?

Why is the OP and the person below him sad? Did you sell your coin when the price was low? I guess there was a lot of information on this thread that urged people not to panic.

Most of the Chinese now bought their fresh and cheap coins at $3,000. It's now time for bitcoin to be back and sorry for those people that sold their bitcoins at dip and thought that the price can't recover anymore and this dip is going to be on a continuous progress, but no. It's now close to $3,800 and maybe tomorrow we are going to see bitcoin back quick at $4,000.

I think it will be back soon :)

this happen because the chinese have more than 20% BTC in the world and when they all sell it together it's like a dooom, btc price go to the hell

It is good for some people that havent any bitcoin but they want. It is good for trading if you havent bitcoin and you can buy some because i think that bitcoin can recover soon.

Probably there are already people who took advantage and bought btc during that issue on chinese. AS one of those who actually risked buying even with small anxiety. It was worth it because in just 12 hours, it increased to at least 800$.

$2900 has been a support line. That has been a defensive action of enough hodlers by number. Coindesk reportet along discovering a temporary floor.
That slightly not overly optimistic sentiment of their article surprised me. The word lingering in the room pronounces as "Bulltrap"

I also have no issues with the Chinese authorities. According to them, they are saving investors and their local economy so these political moves were necessary to be taken. I respect their decision. Moreover, nothing can crush spirits of true bitcoiners and bitcoin is going to rise up again.

i thought it would dip down to $2500 actually but it didn't it would have been a huge profit. i weren't able to buy back at $2900 but on $3200. the Chinese government had helped traders profit but sorry for those who bought at $4k+. i can't be seriously hating the government that lets me earn about $700 in less than a week.

It is alright if you lose more than 1,000 USD because that is just a paper loss and it will become a true loss if you will sell it for a lower price and accept the negative profits. If i were you, i will just hold it and wait for the come back of the price of bitcoin because in the future there will be going a huge bounce back in the price of bitcoin.

I feel you, The market again is falling down because of banning ico's in china, There is so much loss in profit that i take in my investment in etherium coins. I still have a mining hardware's that can somehow help me to increase my coins even with only percentage.