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You can buy in installments - I think the price will test $6000 - but it might not. So how about setting buy orders from $6000 to $6400, and see what happens.
Sometimes dollar cost averaging helps you get a lower overall price.
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Better safe than sorry, withdraw your funds if you can, wait until the dust settle. It seems to be geographical target purge, most of the accounts targeted comes from outside US.
We cannot just speculate it is geographically targeted. I am from outside the US and I do not have any problem with my account and neither have I anytime before since I have been using bittrex. However, if something like this is going on or possibly I did not log in at that time due to time zone, there must have been a reason why bittrex must have been doing that. It seems most of the accounts targeted are from some specific countries, regions so it is possible that Bittrex focus on those regions for some security, political or government reasons What do you mean by say "some specific countries, regions". I was intending to deposit more coins in Bittrex just before this issue. It seems to be mainly accounts from the middle east and developing world that have been closed down. If your country is on Trump's list, bittrex will close you down. |
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There is no big puzzle about this. Bitcoincash is going to do a consensus fork on November 13th to fix it's emergency difficuloty adjustment and make it less volatile.
They're pumping the coin to ensure that it is still worth mining when the fork happens.
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At the moment, it's just a pump to ensure that when bitcoincash does a consensus fork in a few days time, the miners have incentive to mine it.
Longer term, BCH really needs services like Bitpay to enable it for users, so that they can use it instead of bitcoin. I'm surprised that more services haven't jumped on enabling BCH and other alts.
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I mean forks are there and if it goes over it it will increase price right?
We've had some very deep bear markets in the past. For example, bitcoin hit $1000 in late 2013/early 2014. And then proceeded to fall month by month till it got to $150. And then stayed in the $300 range for about a year, and didn't really start rising till 2016, and even then, didn't get back to $1000 till January 2017. Don't invest money you can't afford to lose. Or that you think you might need for day-to-day activities. It needs to be spare money that you can afford to hold and ride out the dips. |
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Bitcoin will never scale, so it's nice to have options that work and you can easily send coins for low fees. Ditto the alts. We're going to see competition for the coin that will be most used by merchants and customers |
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All the SegWit2X supporters were told to change coin and to pump Bitcoin Cash now. So coins are moving from BTC to Bitcoin Cash to pump up the price. Once it reach a specific level, people will sell... take profits and buy BTC again. So no need to panic. We knew there would be a backlash after the SegWit2X failure. The SegWit2X guys are angry at BTC and they are hammering Bitcoin Cash now.  yes actually the bitcoin cash's price +31.38% in CMC today , it is very possible break 1000$ in the coming days if bitcoin keep on falling but i will still hold my bitcoin , and buy some bitcoin cash. Bitcoincash is now up by 70%+ All those who bought at the bottom (around 0.055 btc) are laughing all the way to the bank |
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Segwit2x is not going to go ahead, I've no idea where these rumours are coming from. It's dead, buried.
There is no point doing it, it would cause too much turmoil. And they have bitcoincash with it's large blocks, so they're better off promoting that instead of trying another fork.
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Read widely - the prices of most coins move when there is some news about them.
Besides bitcointalk, don't forget to look at reddit. Most coins have their own subreddits, and those places are full of news about development and marketing of the coin they're are trying to establish. And of course Google is your friend.
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Although $5000 value isn't really that low I wish it will not go that far, and we can really see that the price of bitcoin really stay in the $6800 this time, well if this price doesn't go down tomorrow I think this can be a safe zone for the price of bitcoin, let's just hope it is because I really want us to get to the $8000 by the end of November and would pinpoint the $9000 by next year.
It isn't. Bitcoin was only $1000 in January, so it's done extremely well. It would be nice to have a period of consolidation where bitcoin moves sideways for a few months. We've had enough drama to last a lifetime, and it needs to establish a floor for the price before it makes it's next move up. |
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There was a guy on facebook, he said miners are staging a hashpower-styled coup, apparently miners will be moving to BCH and that will pump BCH up to $6000. This was before BCH started gaining. We(the group) collectively ridiculed him and he was banned from the group. Now this happens..
Bitcoincash is doing a consensus fork in three days time to fix their emergency adjustment. I think the pump is there to ensure that the coin is profitable to mine even after the new adjustment. |
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Segwit2x is definitely cancelled.
But of course that doesn't stop various chancers putting out fake news in the hope of moving the price. Now that they can't do China FUD it's going to be non-stop segwit2x FUD.
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I am becoming more and more bull for bitcoin cash. It showed its strength moving against market when altcoins were burning to ground. It isn't something good as bitcoin but it is valid good altcoin.
because its being pushed by mining lords (bitmain etc) It's being pushed by all the people who backed segwit2x. They are determined that a big block chain will be successful. |
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It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.
Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.
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Bitcoincash is doing well at the moment - but lets see how this pump goes. Remember that in January, Coinbase will release it's bitcoincash to it's customers, and they're likely to sell immediately.
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Never go all in on anything.
There are some alts that are cheap - but you won't find out about them on this board. Instead, look at their charts, and investigate whether they have any development happening. Pumps tend to happen around news of development or breakthroughs with adoption.
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Goldman sachs has been talking a lot during the last few days about bitcoin, i dont know what are their real plans but it is obviously that they want to keep the price low so they can join the market at a cheap price.
But they said some good things about bitcoin, i saw a notice about another CEO who said that it was the new era of digital money, and everybody was happy with that new.
but now this is a little bit weird, what are they really trying to do? maybe they are just giving their own opinions after all, we are never going to know they real plans.
It's because bitcoin has been outperforming stocks and other investments and their clients are giving them a hard time because Goldman never recommended the trade of the year. |
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A lot of people were holding their bitcoins to get some free Segwit2x. The fork was cancelled and now they are investing in altcoins instead of holding their bitcoins. Now altcoins demand is much higher than past days.
This. The alts were oversold, and there are profits to made from investing in them. |
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The price went up too fast. The speculators pegged the pump on the "news" of the fork and getting free coins.
It's natural that there would be a pullback and a pause for reflection. What is interesting is that bitcoin is holding above the $7000 resistence level.
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