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Author Topic: DOWN WE GO - Market is unstable. It will crash around halving day.  (Read 9634 times)
RyNinDaCleM
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July 09, 2016, 10:27:01 PM
 #121

It's getting up. Crash was because of halving bug on websites + DDOS.  Cheesy

What bug ,who was DDOSed?

Markets/exchanges, halvening site, chart sites
You want to say that the price dropped because bitcoinwisdom went down???

bitcoinwisdom crashed for me too.

Btw, main reason was halvening bug on sites (wrong reward number) and people panicked that bitcoin got broken or something. Just look around on news, it's everywhere.

The $40 drop was at block #419997. ie, before the bugs were even seen by anyone, not to mention blockchain.info bug != bitcoin bug.
one other thing, the negative number you saw was the fees. The reward bug showed 16.66666666 for the first blocks after halving. Blockexplorer showed the correct reward from block 420k. No one panicked from this.

Edit: No one gives a flying F about bitcoin wisdom. Them going down and gdax going down doesn't matter

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BitHodler
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July 09, 2016, 11:33:20 PM
 #122

6% drop. not really a crash.
Yeah. You can start getting a bit worried if it goes sub 600. But even if, as long as its still above 500, it's a good price rise if you look back a month ago!
For people waiting to enter the market, below $600 prices are more than welcome of course.

That's not the case with the majority of the people which entered the market above $600 not very long ago.

These people are waiting for the price to go higher and not vice versa. Either way, you can't please all people.
This doesn't mean that the price must raise, a lot of people bought at >1000 and where we are now?
We are much further now compared to when the price reached $1000 for the first time.

People who bought themselves a position in Bitcoin at such prices were only gambling and hoping for the price to even double.

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July 10, 2016, 12:17:37 AM
 #123

It's getting up. Crash was because of halving bug on websites + DDOS.  Cheesy

What bug ,who was DDOSed?

Markets/exchanges, halvening site, chart sites
You want to say that the price dropped because bitcoinwisdom went down???

bitcoinwisdom crashed for me too.

Btw, main reason was halvening bug on sites (wrong reward number) and people panicked that bitcoin got broken or something. Just look around on news, it's everywhere.

The $40 drop was at block #419997. ie, before the bugs were even seen by anyone, not to mention blockchain.info bug != bitcoin bug.
one other thing, the negative number you saw was the fees. The reward bug showed 16.66666666 for the first blocks after halving. Blockexplorer showed the correct reward from block 420k. No one panicked from this.

Edit: No one gives a flying F about bitcoin wisdom. Them going down and gdax going down doesn't matter

Well it was one of the sites that were affected for some minutes Smiley.
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July 11, 2016, 10:26:51 AM
 #124

Where's the halving crash guys??
I think we might have to accept $6xx is the  new floor
The best  buying opportunity  recently was the brief crash to $540 when bitfinex went offline unexpectedly twice....
Apart from that $ 600+ seems solid,  I would stock up because
Miners will slowly increase the price as they start to  feel the hurt from the halving ...
The next new floor will be $700...and likely not too far away.. Probably in the next 1-2 months
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July 11, 2016, 11:37:47 AM
 #125

Where's the halving crash guys??

Where is the new ATH i was promised? I was gonna cash out while the price was still high, but o nooo! some smart blockchain experts told me it was the dumbest thing to cash out at $780, wait until teh Halvening they said Angry
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July 11, 2016, 11:46:36 AM
 #126

Too many MOON expectations, too many longs.

We must go down.

But Thanks God, a crash did not occur and now we can expect that when the demand is increased the value of bitcoin will also increase and you cannot say that the price will decrease as the supply will not increase much higher than the demand, because of minimum miners.



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July 11, 2016, 11:51:23 AM
 #127

Too many MOON expectations, too many longs.

We must go down.

But Thanks God, a crash did not occur and now we can expect that when the demand is increased the value of bitcoin will also increase and you cannot say that the price will decrease as the supply will not increase much higher than the demand, because of minimum miners.

Don't forget all speculative longs which haven't realized any profit. Speculator are getting nervous because they are aware what happens when stampedo starts...

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July 11, 2016, 12:15:56 PM
 #128

Where's the halving crash guys??

Where is the new ATH i was promised? I was gonna cash out while the price was still high, but o nooo! some smart blockchain experts told me it was the dumbest thing to cash out at $780, wait until teh Halvening they said Angry

Sorry to say this but you are the best example of what nobody should do here, listening to other so called self proclaimed experts.
The best is always to do your own research and conclusions.Many people here are acting for self interest or are shillig for others because they get paid for that.

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July 11, 2016, 12:33:38 PM
 #129

Too many MOON expectations, too many longs.

We must go down.

But Thanks God, a crash did not occur and now we can expect that when the demand is increased the value of bitcoin will also increase and you cannot say that the price will decrease as the supply will not increase much higher than the demand, because of minimum miners.

Don't forget all speculative longs which haven't realized any profit. Speculator are getting nervous because they are aware what happens when stampedo starts...

I hold my bitcoin for the next few decades. So I will not add the selling pressure. But the short term traders might sell.

CoinCidental
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July 11, 2016, 01:03:35 PM
 #130

Where's the halving crash guys??

Where is the new ATH i was promised? I was gonna cash out while the price was still high, but o nooo! some smart blockchain experts told me it was the dumbest thing to cash out at $780, wait until teh Halvening they said Angry

Can you tie your own shoelaces yet??......  Gimp/
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July 11, 2016, 01:21:42 PM
 #131

Too many MOON expectations, too many longs.

We must go down.


This is the Calm before the Storm, I think...  Wink
yeah the price is still really calm but i think we will not have to wait for a long time, i hope that the price is going to go up pretty soon though anything can happen i think

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July 11, 2016, 01:28:20 PM
 #132

halving day have came and gone and the bitcoin market is still stable enough and also there has been no crash round halving day !

another failed speculation?

on a vacation and missing out on all the fun Sad
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July 11, 2016, 01:28:55 PM
 #133

Too many MOON expectations, too many longs.

We must go down.


This is the Calm before the Storm, I think...  Wink
yeah the price is still really calm but i think we will not have to wait for a long time, i hope that the price is going to go up pretty soon though anything can happen i think

way too many people expecting price to go up. bad bad move.
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July 11, 2016, 01:37:23 PM
 #134

Too many MOON expectations, too many longs.

We must go down.


This is the Calm before the Storm, I think...  Wink
i doubt that, i think that there wont be too big of a growth any time soon because halving made a lot of people really sad as everyone expected to see a huge price growth

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July 11, 2016, 02:45:29 PM
 #135

Too many MOON expectations, too many longs.

We must go down.


This is the Calm before the Storm, I think...  Wink
i doubt that, i think that there wont be too big of a growth any time soon because halving made a lot of people really sad as everyone expected to see a huge price growth

I would not be surprised if the price would go down. But not a lot, there will be no big crash like OP says.
Just a correction on the high price of bitcoin.
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July 11, 2016, 03:20:02 PM
 #136

Too many MOON expectations, too many longs.

We must go down.

This is the Calm before the Storm, I think...  Wink
i doubt that, i think that there wont be too big of a growth any time soon because halving made a lot of people really sad as everyone expected to see a huge price growth

all those people expecting price to go up were newbies who are waiting to get rich in one day and by dumping the coins they have bought a short while back.

but in fact (similar to last halving) it is going to take a while before price goes up. and in the meantime the price should stay stable. so accumulate as much as you can now.

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July 11, 2016, 03:40:08 PM
 #137

Too many MOON expectations, too many longs.

We must go down.


This is the Calm before the Storm, I think...  Wink
It is ridiculous to expect that the price will drastically fall down. If you're going to check a news about bitcoin, you will know that more markets are adopting to bitcoin thus it will result to an increase in demand.
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July 11, 2016, 03:46:38 PM
 #138

What a spectacular crash! Down, down, down from a towering $660 to a measly $650.  Grin

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July 11, 2016, 03:53:29 PM
 #139

What a spectacular crash! Down, down, down from a towering $660 $680 to a measly $650 $645.  Grin

Everyone was expecting the price to shoot up. Imagine if on your birthday, instead of getting presents from your friends, they show up and steal your money. Not much, just a tenner each, only $40 total, but still. . .
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July 11, 2016, 04:17:04 PM
 #140

halving day have came and gone and the bitcoin market is still stable enough and also there has been no crash round halving day !

another failed speculation?
Yes this one is just another failed speculation. Price is stable at current range and seems like we will see another pump soon making another high price range as floor till next pump and so on.
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