More interesting is the huge price decrease of XCP. The price is falling like a stone ... if this continues not only my investment in XCP turns out to be the worst of my life but also the future of XCP is highly questionable.  Part of this is due to people wanting to get out of crypto entirely. These BTC pumps and dumps put a lot of downward pressure on alts when the dumping comes. The BTER hack also probably added some uncertainty considering they hold around 59K XCP, which is still safe if you believe them. Not worried really, price hasn't went through the previous floor. |
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So you see it's either sideways or rock bottom! There's no possible scenario where the hard fork will pump BTC price. It's not like people will think "omg block size increased, let's all buy bitcoin!".
So maybe that's exactly why it will go up. People like you thinking there's no possible way the price will rise after a successful fork. |
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So they seem to have left on good terms and even had a hand in picking their replacements Bagley indicated that the remainder of the Medici team is still in place, with new replacements hired by Dermody and Wagner taking over as the lead developers. What's the panic then? Well, whatever, I added some more XCP to my stash thanks to this dump. Seems irrational. |
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True, once it crashed from $266 to $55 and I doubled up there but they were what I'd call cheap coins, I mean I bought a load of them for $15 each. I think everyone will get their chance to get cheap coins later this year when we perhaps turnaround and all get the chance to ride the bull again.
What I call cheap coins is not going to match up with what others here call cheap coins - not by a long shot.
Yeah but buying at $55 was more a risk than buying at $220-230 now, considering all the developments in the Bitcoin space since. Sub $250 certainly feels cheap to me, I wasn't one of those people saying $600, $500 coins were cheap on the way down either. It does not seem realistic that we'll go back down to price levels we were at when the infrastructure was still relatively fragile. I'm not saying it won't happen but it is not likely. These are good price levels to take a position in, unless you are already heavily invested I wouldn't hold out for cheaper prices. |
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i'm somewhat new to trading but not to bitcoin. been watching this nonstop for the last week and my thoughts are that a serious crash is about to come. thinking 220
220 is a serious crash? What lol |
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I'd assume so. Not really surprising. The exchange just opened, and it does not seem buys on the regular Coinbase site execute as market buys on the exchange. |
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thinking altcoins would have no independant value could turn out to be a really bad misconception https://bitcointalk.org/index.php?topic=940537I don't know about you but i'm buying Litecoin right now ... it's faster than Bitcoin too! Some alts may not be as hard hit from a further drop in BTC price, but I am 99% sure Litecoin won't be one of them, good luck though. |
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I see no reason for this to happen, expect a lot of alts to go down to near-zero if Bitcoin drops that low.
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Too many people want sub $200 coins, it's not gonna happen.
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Wow, wouldn't be surprised if we hit $300s tonight, I thought for sure there'd be a retrace down to $260-270 or so but looks increasingly less likely now.
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also the news is probably wrong. This entire site and post looks like a big hoax to me. (an ETF focused on bringing bitcoin investment exposure to main street investors) WTF is main street? (including me and Tyler) You would rather say "Tyler and me". The domain is registered at the Scamhost "GoDaddy" with the email " geminiholdingsllc@gmail.com" LoL. ( https://who.godaddy.com/whoisstd.aspx?domain=gemini.com&prog_id=GoDaddy) A quick search for "Gemini IP, LLC" gives multiple results on google from 2013 and before in different states like Wisconsin and Texas LoL. yep all fake and hoax, it is so fake that one of the twins posted the news with his verified reddit account Both twins also follow the main Twitter too. It'd be a damn good fake if it was, but I don't think that site is a fake  Yeah he's wrong, the site is legit. |
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Plot twist: Adam Gerbuez tweet was about Karpeles being the mastermind behind SR. SR coins taken by the feds are Gox coins. Still, I don't see how this affects the price He is just some dude with some insider info. He was trying to pump the price before the crash lol Too bad that most of the time news or insider info do NOT move price (not major moves anyway), it's an illusion. I think it's serious big news.. When it is not big news, no one will take him seriously anymore.. He probably doesn't even know what's happening, hence the vague tweets. But there may be some news tomorrow - Bitcoin conference in Miami... |
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$200 is a cheap price but tbh I'm convinced it will go lower. We still haven't really seen a flash crash, when traders start rushing to market sell in panic that's when I'll be buying.
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Doesn't look like we've bottomed yet. I think $1xx is almost a given. Will be interesting to see what happens then.
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Getting quite ugly. The sell pressure just keeps pouring in at these levels I think we'll definitely hit $1xx now...
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Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.
That's what I thought after the first bubble in 2011. God I was wrong... Except BTC did not get any major exposure until this past one. Even the after $266 bubble, not many knew much about it. That $266 bubble came and went almost too quickly. It wasn't until $1000+ that things got really crazy, and then the adoption followed. By now everyone has heard of Bitcoin. Everyone. The only way I can see $3500 happening at this point is if the market goes stagnant for about 3 years, while Bitcoin continues on, so that everyone involved in 2014 and right now just forgets about it and are no longer involved and won't have any BTC to dump into the rise. I would love to be wrong though and see something happen much sooner. I dunno, all it takes is the price making a clear reversal and the average trader will hop back on. Sentiment can change quickly. Most people buy high and sell low. |
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