Bitcoin Forum

Ok, today was a crazy crazy day :) :) I mean it was sooo exciting, could be due to fact that I'm sitting on my BTC and not selling before year 2030 or I will follow it until it's not worth 0.1$, either way works :) but holy crap there was some tremendous powerful force moving BTC today... We are talking about a LOTS of money....

But is it over?? It seems that alts vs btc (not usd) are back to same level as before... Market Cap: $517 135 765 025 and rising... so it's over?

 

the price moved a lot, but... trade volume wasn't actually that "far out". lots of money moved, but these days... lots of money moves.
volume has been well high in the last month in general.

It's just shaking out the guys who sold their houses/phones/dog, or max'd their credit cards to buy coins. The bankers like to create debt because debt is slavery. Once they have cleaned out the junior speculators, they will be back to buying again.

i`m buing your coins while you get fiat Money.


Remmenber Buffet with Berkshire bougth Heinz by $ 12 bilion and a few days ago Disney bougth Fox by $52 billion to Ruppert Murdoch.

In 3 years the speed of creating fiat Money is high

I can't understand. Sharks or Whales did it? All is RED on coinmarketcap @@

Compare it to BTC not USD and you will see :P

It probably is over, though we could be in for a round 2 a few days down the line before a real recovery but probably this was it since we actually did drop quite hard from the top.

Stop looking at the marketcap.

We had a drop of 80 billions in total marketcap with a total daily volume of only 40 billions.
The market cap means nothing, it's just the value of the coins if the price would stay the same which it does not.
One trader with 1 million $ can bring it down by 1 billion.

You can't say that people are cashing out or buying in just by looking at the marketcap.
I would be far more concern with massive volume rather than shiny figures, and volume is still lower than what we had on December 8-10.

Yobit and Bitfinex showing red all day. I am holding,hoping to buy some litecoin and waiting for the recovery but patience is important.

I'm watching market on Yobit.net. Comparing to BTC is RED. I thought Altcoins's revolution is coming but their prices are dropping sharply
Freeze period is coming?

This question is constantly asked, when bitkoyn is greatly lowered in price. In addition, they are wondering whether the end of the bitcoon came from beginners in the crypto currency. Who already has a fairly large experience, they know that after the fall of the bitcoin course, its recovery and further growth should necessarily follow. Such a big fall of bitcoins, I think, is even very useful for him, as his bubbling is removed and he becomes more realistic in price, as his last growth was unjustifiably large. To bitkoyn developed and grew in value, he needs such correction, this makes it more real and reliable.

No, how are you saying that bitcoin is over? Came on mate, just relax yourself, this is just the beggining of everything, dont be scared because it is slowly rising right now.
The price is already touching $13700 right now

I agree, the price is not going to stay that low. The people selling now is going to regret their sells.

Yes, itd totally over :( please send all you btc to me. I promise to give it a good place. ;)

every time bitcoin falls back, it will go even higher next time. So I am not worried about it.

No no I'm not scared :) I'm just on a look out for alt coins to buy witch I can sell after market truly recovers ... accumulate more bitcoin that way :) but it seems to be recovering rather fast when looking at prices vs btc and not vs usd.

For anyone asking if the ride is done, and if the trends are finished... May I remind you that after every spike/rise-and-fall, there was the same argument... That the transactions were taking too long; that they were getting too expensive... And so many people continued to say that Bitcoin is now dead... For everyone that continued HODLing, it paid off.

There are always people that will buy when the price is high, and then lose money on their investment. These people are idiots, and the very reason why the price fluctuates the way that it does.

Every time this happens, I look forward to buying Bitcoin on sale... These shakeouts are just the industry's way of resetting itself and getting rid of all of the greedy people that are just a buck short and a day late getting into the game. Bitcoin is far from being "over", but if you have to ask whether it is or not, then you truly aren't suited for this type of industry.

This price drop is not quite a surprise, this correction was to be expected. What goes up, must come down. That's nature's law. The price was going up like crazy and we can't expect it to go on like that. Whales are cashing out, either in Bitcoin and in altcoins. Just wait for the price to go down a little further to 8K, then start buying. No, it's far from over.

it is going back up already from what i can tell. This isn't some huge correction or crash just a bump in the upward spiral. good you still holding because will be at 50,000 or so in a years time.

If I sell a domain name, and the buyer pays me in Bitcoin from his wallet, then it will have zero impact on the price. It is only people exchanging Bitcoin that will move the price. Buying goods with Bitcoin means that you get more for your money, as you don't have to pay for the exchanges spread, or to pay tax.

Hitting a 19k per coin in short time is a nice background for pulling out the money and preparing for another wave.
Naaah it's not over it's alive lol.

Nothing is over.
This is normal periodical movement of market. Its painful to watch but on the other hand i was thinking that this would actually would be a good time to buy in . Sadly do not have free fiat.

That was seen coming, so many were already waiting, it is a normal process of investors who withdraw their earnings when Christmas is near and many expenses are coming. it is a strong adjustment from which some take advantage and others lament.

with this we will know what is the real price of bitcoin

Yes - its over. Please send me all your bitcoins!!!!!  :D :D ;D :P   ..... just kidding  ;D

NO - I think its not over. Maybe it is over with a big prize increase in the next days... but it will not be the end of bitcoin... i hope.  8)

A correction was due with the dramatic run-up in price over the past few months.

It's very tempting to sell after having made such a huge return over a short period of time when you hear a ton of people on traditional business networks and government authorities constantly casting doubt on cryptocurrencies.

Nothing is over. This is a normal price correction of btc price, nothing special and no need to panic. Try to buy some alts during low prices and profit in the next weeks when btc hits $22k.

A few days ago the price of Bitcoin was still at the top level and I was also tempted to do the same, but if it sells now we are still able to get profit. So this is the price movement which I think is still fairly normal, If calculated may not equal 20%. Look at the increase that occurred since a month ago, Bitcoin Prices increased hundreds of percent.

no its not.


one main thing is the price went to fast up, as the hype before christmas and the full " real " wallets where full of bucks to invest into bitcoin.


if you aware drinking 1 whisky bottle , you puke for sure alot back out, but no all!  same for bitcoin chart went up like a jet. its normal that there will be a correction as your stomach is doing after the bottle of whisky lol

It was a mad ride and people were mad too risking too much stake by investing in it even with maxing out their credit cards and taking loans,it is hard to see when the next rally will happen and to what reason,we had many factors for this rally and with the derivative markets in full swing we might see bigger manipulation from whales.

The price is not stable and this is the seasonal movement of the market nothing critical and no need to panic though it seems though but is the best time to buy and keep so to me it is not over it will bounce back.

We all know bitcoin and alts are unpredictable they fluctuates everytime and no one can predict or anticipate that what we are having now is a deep fluctuations for bitcoin though many feel bad about the huge drop in bitcoin price for me I think we did not lose our money besides in the begining of 2017 bitcoin value was around $2600 and now it's still ranging un to $12000 we just feel bad because we have reach $19000 but if we look at the graph bitcoin price is still and will always be good enough

Reading everyone's comment here is what makes me believe that bitcoins not over. There are many speculation about what happens to crypto, that sometimes makes me down. I'm hoping bitcoins will survive and makes another more history for us.

This reminds me a lot of the April 2013 top when I first got involved with Bitcoin. It was a painful crash followed by a period of sideways. During this time, bitcoin services grew and proliferated, and many new altcoins were launched. It was only a few months later that we had an even bigger bubble (November 2013). Maybe that's what is happening here.

Regardless, this is a good reminder: don't get involved with bitcoin to get rich quick. The volatility can leave you gaining or losing half your dollar value overnight.

Today is really crazy day, but it is for sure not over, that's just a cruel game ;D..All my stop losses worked out last night . Stop loss for EDG worked out too...and what did i see now? the price went up in 100% after news in twitter about obtaining a license. so, i make a conclusion
- always hold the part of coins , don't sell all!!!

No. I don't think that it's over for bitcoin. Though there is a big pice dip that is happening. Bitcoin is still a strong community. I think what is happening now is the price correction, for the past few months bitcoin has increased drastically so I think its just putting tge value at a level where it should be.

I am going to do the same, well, i sold most part of my bitcoins on Monday, but i will just hold as much as i can until i get to three bitcoins again.

I will do the same, i will just hold until i get to $100k, or just hold it until it reaches one cent per bitcoin, lol.


If it is over? I have saw that a lot of people were saying the same shit today, and most of them were newbies, jus take a look over the Bitcoin discussion in here, it is plenty of newbies saying "i am selling" "this is over"


came on, they probably do not have any experience on bitcoins, that is why they are selling, because they are afraid.

not over yet, just wait and stay calm, take advantage of every opportunity.  is not that common? why you panic?
moreover this is close to hardfork, there is christmas and new year too, some people may panic sell.

Yes it moved around alot today, but that is the nature of cryptocurrency. I still think there is good long term value here.

Over?? Na baby it's just started.

That’s the spirit and I feel the same.. If we just chill,, sit back and relax for a while we will know that it is just normal in cryptocurrency market and the best strategy is wait and don’t sell.. Looking at the market price will not give you a clear view of what is happening and emotion will affect you.. So take a step backward and do other things than monitoring it..

I think its not over, this big decrease in price is only a part of a nature of crytocurrencies.
Btc value is still good compare to its past year value, it is still profitable.
As long as btc has still a value it is not over yet, i know it will increase, just wait.
Calm down and have trust on btc.

its not over. this is just the beggining of everything,be patient

Nobody has a fucking clue. That's the truth.

We're dealing with an unknown quantity here. Most of the value of BTC is people thinking BTC will have bigger futuer value. That's about it. Certainly most people who have tried move move their BTC recently realise it's NOT a remotely viable currency. Long processing times, expensive mining costs, the price moves so fast you don't know what you're getting if you're a retailer, one digit mistake and you lose it all. That's not going to supplant the dollar, let's face it. Only further technological advances would make BTC a useful currency and there are tons of alternatives biting at its heals. It's a gamble. It's a punt.

In it's favour is its fame. Think crypocurrency, think bitcoin. That's 99% of population. Does cryptocurrency have a future - very probably. So therefore BTC probably does too.....unless it's a different coin we end up using.

Even if BTC becomes the de facto currency of the globe by 2030 doesn't mean your single BTC will be worth millions. It's a massive speculative games and not one single person knows how it will play out.

Bitcoin is really a volatile currency if your a newbie investor you will immediately pull off your money but this is just the whales making some profit or maybe they're shaking off the people who sold their property, house just to buy bitcoin. For us you have been in btc for many years now, this is just completely normal. In times like this its better to buy more and hodl.

Nothing to worry about this change on Bitcoin already happened in the past but it still stayed strong and going more strong. Change like this should not make your lose your belief in Bitcoin. Base on my experience do not sell your Bitcoin when it falls especially if you are losing your initial investment, you can sell if you are in profit but never ever sell if you will lose some profit. Again Bitcoin price change is only normal but i guarantee you guys that price will go back to normal and more higher in the future.

the cryptocurrency called DASH is up 8000% in 2017, roughly six times the rise of BTC
 ::)

I think it's about the circulating supply where it's about almost bit now that's why the volume of btc will maybe decrease or increase at once a day. It's like not stable this time.

Honestly I am tired of it..... Just the way crypto is trading, either 50% up or 50% down.

You are quite right my friend, I was going to say the same thing.

Looking at the chart, the last time it had a big drop for a few consecutive day the value was at 7K and it was right before the great ride that took it to 20K, so I'm not worried in the slightest AT ALL. Another even bigger rise is just around the corner.

No it’s not over!

You need a steady head to hold at these times tho

It is not over. It is the start of new investors to come in the market of crypto. The dumps is the result if high demand of bitcoin. Do not panic. Wait until it recovers again and it will give a huge profit. Be patient and take this opportunity to buy bitcoin. Do something else for you not to think so much for the dump of bitcoin.

How is a dump the result of high demand? It is the result of a high supply (not circulating supply) and that causes the price to fall. High demand causes the price to rise. That is simple economics.

I think, we should wait for the some time. It has gone so fast in last few month so some profit booking was expected. It's a nature of every currency. Right now, it's in a consolidating mode as people celebrating Christmas and New year. Wait at least till mid of January or end of January, it should go up again.

Look at the whole year chart. It is still possible that BTC will fall below 10K. I hope not, but I advise you to watch the market.

https://i.imgur.com/ztO1D7y.jpg

It's only the beginning. We had to have a correction, and it had to be a bloody one as well, after such rise.

No it is not over. This price just temporary and you can what will happen next year.
I was thinking what make the price red in marketcap, thats maybe the christmas even and new year.

I think it is not over yet, we have to see another up and down soon and this is the cryptocurrency, everything is possible in here so it is better that you can prepare yourself with any of situations before everything is too late. I hope the altcoin will increase more so we can get a party for the altcoin and we can increase our bitcoin.

I don't understand these topics , everytime i see it happen when btc goes down. When you look at what happened before with btc you will see that everytime it has gone up again. Maybe this time is different but i don't think so.

Without a doubt it is very good when you go up to those quantities it is good to sell but you do not know one if you are going to go higher, that is the problem that comes before us at every moment