Bitcoin is crashing. Why? :(

[dothebeats]

BTC is going toward $200 unfortunately, only by then it will take another decision (going up or keep going down)

That's scary thought though.

You know what's even scarier? Not that the price is falling, but if bitcoin never existed in the first place. It's just how the market plays out its own games on people. The price is based on how people react to certain events. Up or down, it is the people in the markets who decide. There's nothing scary to it, unless you put your life savings in it at stake.

[techgeek]

BTC is going toward $200 unfortunately, only by then it will take another decision (going up or keep going down)

That's scary thought though.

You know what's even scarier? Not that the price is falling, but if bitcoin never existed in the first place. It's just how the market plays out its own games on people. The price is based on how people react to certain events. Up or down, it is the people in the markets who decide. There's nothing scary to it, unless you put your life savings in it at stake.

The world with no options would really suck, cause then any banking crisis we just take it like a champ without moving our money.

I think most people under appreciate that bitcoin itself exist to protect our money from those events happening..

[lissandra]

I think most people under appreciate that bitcoin itself exist to protect our money from those events happening..

If I understand you correctly, you spent real money on Bitcoin?  To avoid losing it?
How's that working out for you lately?

It doesnt have to be spending real money on bitcoin.

Although most probably do this. I think most holders like that guy are earning obviously or getting a way to get btc without the pay for fiat.

I myself sold something recently for bitcoin before this whole downtrend price.

[luciann]

Bitcoin is crashing down because there is no new good news to support its over manipulated prices.

And also that the people who brought Bitcoins and don't have patience are cashing out.

Its crashing down because people cant see the adjusments based on technical stuff.

Which is like the bitcoin split or the difficulty on the rise around and another halving.. its stuff like that. Whats worst is that we havent seen the better parts to bitcoin where new exchanges of gemini can also effect it.

[RealBitcoin]

Unless you have instantly sold for fiat, you've lost money.  The very thing that Bitcoin, according to techgeek, is meant to protect you from

Unless the devs stop bickering and sabotaging it, we cannot have a safe currency. Fiat is crap but until this big mess gets sorted out it seems a better haven (at the risk of bail-in).

I`m thinking about Litecoin ,NXT, Bitshares, Ethereum and maybe Monero and Nushares, as a basket of safe haven for now, I`d not switch to fiat personally.

If Bitcoin survives it becomes stronger, if it does not then the Altcoins will have something to learn from!

[wadili89]

BTC is going toward $200 unfortunately, only by then it will take another decision (going up or keep going down)

That's scary thought though.

its 230$ again and going strong, it was just a little price down as its back to 230$ and it started going down from 260$ and now the difference is only for 30$ you cant say it is a crash.

[RealBitcoin]

BTC is going toward $200 unfortunately, only by then it will take another decision (going up or keep going down)

That's scary thought though.

its 230$ again and going strong, it was just a little price down as its back to 230$ and it started going down from 260$ and now the difference is only for 30$ you cant say it is a crash.

Well certainly this China mess & the Dow jones -10% crash is affecting the dollar, and a new crisis is just around the corner.

But remember we got a crisis with bitcoin too, this XT madness, so its really a dead end.

I`d hedge myself with some altcoins just to be safe, until this XT mess is resolved we wont see 1000$ bitcoin for sure.

[MonkeyCoin11]

This is the end of the summer holiday, the price will crash...
It usually rise in begin of the holiday and crash after.

[Amph]

This is the end of the summer holiday, the price will crash...
It usually rise in begin of the holiday and crash after.

and also the price should recover in autumn, betting on a rally around the summer is a bit naive if you ask me, there never a good pump or a notorious ones in the summer, if i'm not mistaken

winter and autumn should bring a fresh new air to bitcoin and hopefully an increase in value, i believe that, this is a long despair fase...

[fearlesscat10]

This is the end of the summer holiday, the price will crash...
It usually rise in begin of the holiday and crash after.

It's gone up since the $200 drop. We'll see if the slightly upward trend will continue.

[n2004al]

Why is it crashing?

Where do you found this gem? What excellent annalist of bitcoin have arrived in a such definitive and (according to me) surprising conclusion? Please refer here the sources to learn more and to have the possibility to discuss about the facts given about this great discovery.

[Mobius]

Manipulators using the fork as an excuse for fear.

[aakashsangwan]

Manipulators using the fork as an excuse for fear.

Yes and they also have removed now all the small players from the market by scaring the off.
And now the market is in their full control and they can do whatever they want with it.

[RealBitcoin]

Manipulators using the fork as an excuse for fear.

Yes and they also have removed now all the small players from the market by scaring the off.
And now the market is in their full control and they can do whatever they want with it.

Manipulators are the least thing to worry about. Price goes up and down, following the median line of valuation, with 2-3 standard deviation of variance.

The big problem bitcoin faces is an existential one, I`m more worried that the developers fuck up the code or implement a new protocol with cryptographic vulnerabilities. Yes the devs have IQ over 140 and are very good at what they do, but they are certainly egomaniacs, and above all humans, who can do errors.

So i`m more worried about a black swan error that can break the protocol, a sort of unseen bug or glitch that can be exploited very hardly.

[randy8777]

Manipulators using the fork as an excuse for fear.

Yes and they also have removed now all the small players from the market by scaring the off.
And now the market is in their full control and they can do whatever they want with it.

the market has always been in control of whales/large investors, nothing new here. these dramatic price movements will indeed scare away weak hands, but the question is, for how long.

[Monopoly]

Because you're not buying coins

It could be a good reason .... people or some whales buying some coins for selling at higher price but see not happening and no interesting in BTC so decide to sell them eventually ..........

[srgkrgkj]

Manipulators using the fork as an excuse for fear.

Yes and they also have removed now all the small players from the market by scaring the off.
And now the market is in their full control and they can do whatever they want with it.

lol that's more accurate than u know mate fud is pretty effective depending on ho it comes from and where it orginates from

[Tstar]

The first thing is bitcoin is not crashing ..its just getting its stability,
and plus other altcoins is just more profitable than bitcoin but they cant continue that .
so just wait some years .

[s1ng]

The first thing is bitcoin is not crashing ..its just getting its stability,
....

Bitcoin price on range : $ 230 - $ 280 on this period. Mostly will got increase on weekend as I can see on bitstamp chart.
But we can't predict when bitcoin will change it's price trend since bitcoin's value will got increase without being realize.
So for bitcoin holder, keep hold your bits and watch your bits grow

[tonycamp]

it does not crashes complete there's like 1 million dependents of it