being "young" is not the main reason for the drop. having small market is the main reason and the reason for a small market (meaning exchanges that have order books that are NOT packed with orders) is that the exchanges that we use are not trustworthy so people are always afraid of using them. they prefer to either stay away from trading there or to never leave an open order, instead withdraw their funds right away. that leaves the market open to manipulation and big swings whenever a large amount of buys or sells take place.
Yes I completely agree that it's mainly due to low liquidity. But one of the reasons why liquidity is still low is because of it being "young". |
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So do you really blame the fact that bitcoin is actually traded in exchanges?
If bitcoin wasn't traded then it would have no life as people wouldn't be able to have easy access to it.
 Yep. I quit. |
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i too find it annoying when people scream murder when the price only moves a few percent.
to me and many i know, its never a price 'drop', 'crash' 'dump'. its instead a discount day to buy extra cheap
Finally that someone realised that Bitcoin price drop is quite normal and that is part of volatility. It's just corrections and there is no need to develope some special theories about it.
But I'm still waiting panic posts about price crash and worried questions if to sell or not, if Bitcoin is dead this time and similar because some people never learn.
Thank fuck someone actually got what I was trying to say. |
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That's not volatility, that's freedom. And that's not a crash, but a miserable 5% price reduction. I will hit you with the concept as many times as you abuse the word crash: the term commonly applies to steep double-digit percentage losses It's hilarious how you're actually lecturing me on "crashes" like I was the one calling it a crash lmao. Your expectation with these "panic scare" words? Nothing.
Did you actually misunderstood what I was trying to say in this post lol? The people here know better, you waste your time.
"The people here know better". Oh you have no idea. |
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Updated the title lol
Title: Bitcoin's price dropped down to $9,500 $8,400 today. Wanna know why?
Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.
There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye
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He isn't the one that is certified. It's the people sending him money that should be certified.  Pretty much! Certified gullible idiots to be more specific. |
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Anyone here knows a legitimate website where I can buy a 10 trillion dollar venezuelan bolivar bill? Been looking for a while but couldn't find a website selling them that's pretty reputable.
Those don't exist (yet). The highest that I know about is 100,000 bolivares fuertes. Perhaps you are thinking about Zimbabwe? Fuck. Yes, I meant Zimbabwean dollars. |
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Are You acumulating btc now?
You're completely aware that this is a bitcoin forum right? The answer should be pretty obvious. |
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Anyone here knows a legitimate website where I can buy a 10 trillion dollar venezuelan bolivarZimbabwean bill? Been looking for a while but couldn't find a website selling them that's pretty reputable.
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Ah.. fucking BitPay once again. It's mind boggling how merchants aren't using BTCPay already.
Anyway, if they haven't replied through the their website support in a few days, I suggest throwing a tantrum on r/Bitcoin. Nothing gets a company's attention better than negative feedback and negative publicity.
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Holy shit wow. The sudden rant. Guess what? Regardless of The Pharmacist's intentions with his posts, regardless if it's solely for monetary gain or not, I don't mind. Why? Because he's been helpful as fuck to the community. You? All you do is talk smack. Get a life. |
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Let me get this straight. Do you honestly believe that Litecoin is better than Bitcoin? You really need a huge dose of reality. Bitcoin premine? Laughing My Fucking Ass Off. Tell that to your Litecoin overlord that dumped all his LTC on his followers.
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A whale made a bet with CZ and is now shorting bitcoin so that he can win the bet. As simple as that.
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Don't you people think that these posts should be banned already?
No. That would be a form of censorship that would set a very bad precedent here. I hate that term "influencer", Ok. Worded it wrong. I meant the posts should be deleted, not the posters to get banned. I didn't even notice that there's a 'speculation' subforum because these "predictions" are mostly in the Bitcoin Discussion and Beginners & Help section anyway. |
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I rather do some:
no signature
no avatar
no info below avatar
months say oct and april.
Then cut out speech or thought on where coins are going.
I have mixed feelings on this. While signature campaigns definitely adds to the spam a bit especially from the lower rank campaigns, let's be a little bit considerate to the people who are living on shit hole countries that are trying to legitimately earn extra income here. FortuneJack and ChipMixer members are contributing really well in my opinion even though they're in campaigns. |
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Tim Draper predicts this that Tom Lee predicts this that Crypto analyst predicts this that Don't you people think that these posts should be banned already? Especially on the Bitcoin Discussion forum. They just don't really add any value at all; the predictions only generate more and more "mOoNbOyZ" in the community. Not to mention that it's just going to be spammed by those low ranked "bOuNtY hUnTerZ". Here's a recent one: https://bitcointalk.org/index.php?topic=5174529.0 |
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Another criticism is, how secure is Lightning? Has it experienced any attacks of some kind? That should worry the users, because we simply don't know.
I mean, Lightning is still software. Software bugs and problems are pretty much inevitable; even with Bitcoin itself. It just depends on how drastic the problem is, and or how quickly it gets resolved. |
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Thank you very much for this. I have been in the market for more than 2 years but I do not understand bitcoin or satoshi. Sometimes the value of money my friends count on satoshi, that makes me like an outsider.
Man. If you've been in the bitcoin markets for more than 2 years and you still don't understand these overly basic stuff, you've got a problem. |
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