Bitcoin Forum

Bitcoin prices have dropped dramatically over the past 24 hours dipping well below the $7000 support level to current figures of $6188 across a number of exchanges.
As seen on graphs below, prices have been dropping sharply as the bulk of investors find Segwit tokens are a thing of the past. While Bitcoin has faced the brunt of the force, the majority of cryptocoins' including Litecoin and Ethereum have all grown with Bitcoincash becoming the biggest mover growing well over 30% within 24 hours !

[>>>>>>>>>>>>>>>>>>>>READ MORE <<<<<<<<<<<<<<<<<<<<<<<]

http://btc.ng/market-news/bitcoin-markets-undergo-heavy-market-correction-amid-6k-retest/

Dropped to even $5923 as I type this. Also, the market dominance of Bitcoin has dropped quite significantly in the last week; over 62% a week ago while we're looking at around 50% now. Market share of Bitcoin Cash spiked at 18% earlier today, and thus was briefly the altcoin with the highest market cap. See if Bitcoin is able to recover from this blow on the short term.

It looks like Bitcoin is under attack, transaction spam(I think) and coin dumping by a single individual or a group.

I've seen someone posting a chart like this one but I can't find it one. So this is what really is happening. A certain group that's dumping bitcoin while attacking the transactions that results the network to have a massive delays.


It's now at $5,894

Doesn't sound too far fetched imo, and because the price is falling, people will panic and sell, further motivated by the network spam. People are saying it's Roger Ver , did you guys know he was in jail, an ex-con?

Dropped dramatically?
I didn't see you saying it has pumped dramatically when price jumped to 7800$.
Manipulators will always manipulate the market, i wouldn't be surprised if they dump BCH and buy bitcoin back.

Many are totally panicking as of the moment. I'm monitoring people/traders/investors from different facebook groups and they are keep on spreading FUD about bitcoin. That helps them to spam the network of quickly converting their bitcoin into bitcoin cash and other choice in alt coins. I don't conclude that it is done by Roger Ver but saw a twit from Vitalik pointing it to him together with Jihan Wu and deadalnix. Still don't know who are the people/group behind this attack or believe with that twit.

Just an update it went $5,785 as I type this.

Fuck roger ver, he did what he wanted to do, what is going to be his next move? he really wants to end with bitcoin, and he is doing it at the moment.
I am sure that he is not going to destroy anything because we are much more stronger than him, but this whole situation is stressing me out.
I dont know what to do, maybe i should try to buy some bitcoins now that the price is so cheap, i dont know what to do, it is a strange situation.
But i dont know what is going to happen next, maybe it will drop to five thousand tomorrow and it is weird.

and this would defintively happens again, pretty sure about that
even if market broke (and we are facing this risk right now) this groups or individuals are making huge gains, they do not care about the original spirit, only money
i am fine with this but i suggest all people to think a lot before following this called trends, the risk of being trapped is very very high