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ronaldo40
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Re: Massive dump really happened
July 12, 2016, 07:35:56 AM
#21
what's up with those people who hold for halving? whether they have to sell their bitcoin? or still hold? because there is no change in price after halving. and a big dump will happen when all those who hold before halving will sell all their bitcoin now or the next few weeks.
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klaaas
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Re: Massive dump really happened
July 12, 2016, 07:40:53 AM
#22
Quote from: mkc on July 12, 2016, 07:16:09 AM
Price is very calm around halving time, quite unexpected.
Looking forward, it may going lower.
All it left is a believing that Bitcoin is getting more hard to find.
I agree. The coming weeks will be interesting if we see a high/slow raise or slow fall.
For now i don't expect a quick dip. mostly because i tend to think the sell offs are nibbled away by people who want to buy-inn on the drops
Shopping online and sats back as a discount!
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1Referee
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Re: Massive dump really happened
July 12, 2016, 07:44:57 AM
#23
Quote from: ronaldo40 on July 12, 2016, 07:35:56 AM
what's up with those people who hold for halving? whether they have to sell their bitcoin? or still hold? because there is no change in price after halving. and a big dump will happen when all those who hold before halving will sell all their bitcoin now or the next few weeks.
People that were holding their coins hoping for the price to increase a lot in the last days before the block halving will keep holding right now. They have no other option than doing so. Especially if they bought their coins somewhere around the current price level.
Bokelka
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Re: Massive dump really happened
July 12, 2016, 09:44:26 AM
#24
Quote from: 1Referee on July 12, 2016, 07:44:57 AM
Quote from: ronaldo40 on July 12, 2016, 07:35:56 AM
what's up with those people who hold for halving? whether they have to sell their bitcoin? or still hold? because there is no change in price after halving. and a big dump will happen when all those who hold before halving will sell all their bitcoin now or the next few weeks.
People that were holding their coins hoping for the price to increase a lot in the last days before the block halving will keep holding right now. They have no other option than doing so. Especially if they bought their coins somewhere around the current price level.
I think so. The price is volatile like always. But it will be higher in the future if there are more people using bitcoin.
mobilestrike
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Re: Massive dump really happened
July 12, 2016, 10:22:57 AM
#25
Quote from: ETFbitcoin on July 07, 2016, 04:51:36 AM
Bitcoin price just crashed from $675 to $632 at Bitfinex just now.
Guess people really use halving's hype to earn profit
at that time the price dropped to even $580, but it once again rose, so it means that people have believe on its technology and have their money in bitcoin, and yes we can notice that people still use it for price increase.
craked5
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Re: Massive dump really happened
July 12, 2016, 10:37:23 AM
#26
Bah!
I'm happy I didn't short the halving, it was really close.
This dump wasn't really massive, just 5% of drop isn't much let's be honest.
HarryKPeters
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Re: Massive dump really happened
July 12, 2016, 10:55:57 AM
#27
Quote from: craked5 on July 12, 2016, 10:37:23 AM
Bah!
I'm happy I didn't short the halving, it was really close.
This dump wasn't really massive, just 5% of drop isn't much let's be honest.
I don't see the dump as a real damaging dump, prety soon after it the market regrouped and we were at the same price.
At this moment we have to wait to see it is followed up.
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bitdumper
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One world One currency, Bitcoin.
Re: Massive dump really happened
July 12, 2016, 11:04:12 AM
#28
yes i can see some change in price but i still say it is in stable range not very up or down. and i can also see miners are doing some effort which they where doing before halving so its kind of confusing to me because according to bitcoin system their profits are cut into half(this time it became 16.66Btc per block something) but they are doing it
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takingthis4
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Re: Massive dump really happened
July 12, 2016, 11:50:08 AM
#29
Quote from: ronaldo40 on July 12, 2016, 07:35:56 AM
what's up with those people who hold for halving? whether they have to sell their bitcoin? or still hold? because there is no change in price after halving. and a big dump will happen when all those who hold before halving will sell all their bitcoin now or the next few weeks.
well people are actually holding their bitcoins in order to make big profit in the future when the price grows, i also did that though unfortunately the price did not go up
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Auponef
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Merit: 100
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Re: Massive dump really happened
July 13, 2016, 09:37:36 AM
#30
Quote from: takingthis4 on July 12, 2016, 11:50:08 AM
Quote from: ronaldo40 on July 12, 2016, 07:35:56 AM
what's up with those people who hold for halving? whether they have to sell their bitcoin? or still hold? because there is no change in price after halving. and a big dump will happen when all those who hold before halving will sell all their bitcoin now or the next few weeks.
well people are actually holding their bitcoins in order to make big profit in the future when the price grows, i also did that though unfortunately the price did not go up
There is no need to worry about. As long as the bitcoin is developed properly, the price will rise eventually.
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