willy_00 (OP)
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June 21, 2016, 11:11:39 AM |
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http://prntscr.com/bj2b1eI am starting to worry now and I thought the price of BTC is suppose to rise not drop due to the halving. Supply decreases and demand increase= increasing price
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Hello, nothing much here
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willy_00 (OP)
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June 21, 2016, 11:26:29 AM |
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Well man I think it is not crashing. It just go down a little it will rise again soon. I think it is not crashing yet because I haven't seen so many sell orders now just a few maybe some are just taking profit just wait for it to rise soon.
In 1 hour, 706USD to 683USD  |
Hello, nothing much here
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ObscureBean
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June 21, 2016, 11:29:09 AM |
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Well when the value goes up that fast over such a small period of time, a drop is to be expected at some point. It takes a lot of money to push the price up and nobody has an unlimited supply. Just keep a close watch on how the market evolves, it probably will start going up again as we get closer to the halving but just in case, you might want to have a sell order ready to make sure you come out on top (depending on what price you bought at).
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erikalui
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June 21, 2016, 11:31:55 AM |
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The speed at which it increased, it dropped at the same speed (about $80 fall). Wasn't expecting it to drop so soon as it's not even July now. I can see many users trying to by bitcoins as the price is low but I guess we need to still wait and see if it will drop further or remain stable. I bought over 0.1 BTC but still am scared to lose.
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Amph
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June 21, 2016, 11:43:01 AM
Last edit: June 21, 2016, 12:22:13 PM by Amph |
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last time i've checked, the initial price before this curent pump, was $430-$450, so no it's not crashing until it fall under that level
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Kakmakr
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June 21, 2016, 11:43:17 AM |
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You know what they say, everything that goes up, must go down again. We have seen loads of fiat being pushed into speculation and also some gambling being done from the Chinese to push up the price. At one stage, everything has to go back to normal again, and I think this is what we are seeing now. They have speculated and now they are selling or more people are selling, because the price was high enough to dump a bit. ^sob^
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DoublerHunter
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June 21, 2016, 12:01:59 PM |
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http://prntscr.com/bj2b1eI am starting to worry now and I thought the price of BTC is suppose to rise not drop due to the halving. Supply decreases and demand increase= increasing price Don't worry. I think the price decrease now is only caused by the panic sellers who join in selling their coins because they also saw that the price is going down but they didn't know that it will be affect for the price more. But even though that the price is falling, many users is taking advantage of it especially bitcoin traders because they know that this is the right time to buy bitcoins because the price is getting cheaper than before. So if i were you i will just keep my coins and sit back and relax and let the other users join the panic selling event  . I hope you understand what i'm trying to say. |
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jiefes
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June 21, 2016, 12:24:11 PM |
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I think it's normal to have corrections. I think this correction should be completed at most about $580 and then there is another movement to $ 980 - $ 1,200. I guess the biggest action will be on June 23, around the Brexit
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adibe
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June 21, 2016, 12:30:23 PM |
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Oh god, the price of bitcoin keep decreasing. It's really scary dude, i think bitcoin will crashing soon, i will sell all my bitcoins if the price can't go up in the next 1-2 hours.
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Labaluhh
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June 21, 2016, 12:33:51 PM |
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Nixtren
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June 21, 2016, 12:36:55 PM |
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Oh god, the price of bitcoin keep decreasing. It's really scary dude, i think bitcoin will crashing soon, i will sell all my bitcoins if the price can't go up in the next 1-2 hours.
We're still 18 days away from the halving, so the price might go up again. I don't bother about crashes anymore, I hold at every crash since 2014. |
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BitHodler
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June 21, 2016, 12:38:45 PM |
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No need to worry as the price will go back up as soon as Bitfinex comes online again.
Drops like these are normal in a market as volatile as it is right now.
The only difference is that people are worried about Bitfinex instead of securing profits due to made profits.
This is pure panic that is going through the market currently.
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BSV is not the real Bcash. Bcash is the real Bcash.
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bitcoinisfurture
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June 21, 2016, 12:48:53 PM |
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http://prntscr.com/bj2b1eI am starting to worry now and I thought the price of BTC is suppose to rise not drop due to the halving. Supply decreases and demand increase= increasing price This really is doubtful since few big players have already bought at a cheap price and since halving is coming so small traders are buying in contain of getting a high price. As price is rising big players will start selling and book profits. So price will tend to go down only. |
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bitbunnny
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June 21, 2016, 01:05:58 PM |
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I wouldn't call this crashing. Some ups and downs and corrections in the price are normal but I think they will not be to big and the fall will not continue. Anyway, there is no room.for panic.
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tonlong
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June 21, 2016, 01:09:11 PM |
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It increasingly looks like Bitcoin is going back to where it came from. The bubble was short lived, and the tiny investor got crushed. That's the way the world works. If you didn't buy low, you're screwed. BTC at $1000 again? Not even in your wildest dreams.
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md1120
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June 21, 2016, 01:12:13 PM |
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it rise last week very fast... so expect that its goes down
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HeroCat
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June 21, 2016, 01:23:59 PM |
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So fast BTC price changes mean that BTC market is not so stable, or there are some players, which buy or sale a lot.  |
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richardsNY
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June 21, 2016, 01:25:09 PM |
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It increasingly looks like Bitcoin is going back to where it came from. The bubble was short lived, and the tiny investor got crushed. That's the way the world works. If you didn't buy low, you're screwed. BTC at $1000 again? Not even in your wildest dreams.
The price is still much higher than the $400-$450 levels where we were for quite a long time. People worry about what is happening with Bitfinex right now. And I can't blame them for that. |
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janggernaut
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June 21, 2016, 01:33:19 PM |
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http://prntscr.com/bj2b1eI am starting to worry now and I thought the price of BTC is suppose to rise not drop due to the halving. Supply decreases and demand increase= increasing price yup, indeed bitcoin price down now, but i dont think if that means btc price crashing, btc price down because many people sold their btc and thinking if that was the best time for sold their btc ($760) but others still hold their btc until halving happens, well, anyway, my prediction btc price will be going up again. |
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maudevang
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June 21, 2016, 01:38:26 PM |
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I dont think the bitcoin can crash because of the many users off course how can the coin get destroyd mean while there are allot of people just sitting there with their coins....
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