Bitcoin Goes Below $200

[slaveforanunnak1]

Hey.. it's not as bad as dow...or chinext

[Quantus]

Halfing day is 48 weeks out so I'm selling everything I have now.
I'll wait to see if Bloat coin fork happens before halfing-day, if it dose I'll leave bitcoin forever.
If GavenCoin is killed and put to rest then I"ll buy back in just before halfing-day with plans to sell a few weeks or months after that.
I expect another huge 'to the moon' within 6 months after halfing day IF gavencoin is killed.

[Brad Harrison]

I think it crashed because of dow crashing

[BurtW]

Halfing day is 48 weeks out so I'm selling everything I have now.
I'll wait to see if Bloat coin fork happens before halfing-day, if it dose I'll leave bitcoin forever.
If GavenCoin is killed and put to rest then I"ll buy back in just before halfing-day with plans to sell a few weeks or months after that.
I expect another huge 'to the moon' within 6 months after halfing day IF gavencoin is killed.

See.. drama around the next block subsidy halving has already started. 

[Quantus]

 I"m not confident the network or the community could survive a hard fork, that uncertainty is growing threw out the community.
If your looking for someone to blame then blame Gaven Anderson, he sees bitcoin as his toy and he wants complete control over it.

[Dire]

I think it crashed because of dow crashing

The interesting thing is September 2015 has been speculated to be one of massive economic collapse by many respected economist for quite some time, in part due to the seven year cycle... which is a bit 'woo woo', yet has some solid historical credibility.

I think it would have been natural for Bitcoin to perform well with these kind of stock market/economic collapses, as gold usually spikes up hard too... and the price of gold has had a good jump within the past five day.

I'm not sure I consider this fortunate or unfortunate. From a buying in perspective, I of course like cheap, but from a long term point of view I'd have liked to see the price of BTC go up which would have given many the confidence to invest more in BTC as a hedge against banks/fiat.

What with the uncertainty around Bitcoin at the moment, quite the opposite has happened.

[Quantus]

The Chines own more bitcoins then every other nation on earth combined.
The collapse of the chines stock markets should have caused a nice bump in Bitcoins price but the opposite happened.
I agree this is a issue of trust in the system. People are losing trust in the Bitcoin system. They don't trust it because of the possibility of a hard fork.

[kelsey]

The Chines own more bitcoins then every other nation on earth combined.
The collapse of the chines stock markets should have caused a nice bump in Bitcoins price but the opposite happened.
I agree this is a issue of trust in the system. People are losing trust in the Bitcoin system. They don't trust it because of the possibility of a hard fork.

the irony of a trustless system   

[irfan01]

to the current price of bitcoin is still $212, I also heard that bitcoin will reach the price of $ 200,,, if this is just temporary or the price will drop to $100

[Kakmakr]

Can you just imagine where the price would have been, if we did not have the XT drama? I bet we would have once again broken through the $300 price range, because a lot of people are looking towards safe havens during this small China crisis. Mike&Gavin spoiled a pretty good party for all of us.

Now we have noobers panic selling like crazy and speculators running into table and walls. It's actually a little bit funny, if you not one of them. ^hmf^ 

[CoinBateman]

I wish people would stop trying to find reasons to rationalise the price action. Everything is planned. We move from price to price based on what the market feels like over a period of time. The market maker simply moves the price in the direction that is most profitable for them. This could be something that was planned months ago, for months into the future.

[tadakaluri]

The Hong Kong-based exchange Bitfinex, which witnessed a 'flash crash' just last week, halted trading for a seven-hour period this morning. The price of bitcoin slumped again today after Bitfinex closed its order book, citing issues with its post-trade processing.

[Feri22]

I'd love the buy at these prices but I don't want to be left with a bag full of XT shit coins 

XT is altclient, it is still Bitcoin and you can use the Bitcoins with xt or core client...put it in cold storage and you dont have to care about what implementation win

[Monopoly]

The growing price for some hours is forth wave of elliot waves for reading downtrend way and reaching target $150  ....

[g-unit]

Seems like so far we have good resistance at $200. Just last night and the week before the price rebounded rather quickly after touching $200 or slightly below.

Not saying it won't go lower, but that's at least one positive. I feel the price very well could crash a lot more if the percentage of XT nodes/miners continues to go up. The stock market action certainly doesn't help either.