Nearly $2 billion has been wiped off bitcoin’s value in three days

[FiendCoin]

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork.

Headline from the front page of Yahoo.com

Source: https://www.yahoo.com/finance/news/nearly-2-billion-wiped-off-121914544.html

This is why BTU needs to go away and the scaling wars need to end. How far will the value of BTC drop should this clusterfuck continue?

[BrewMaster]

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork. FUD

FTFY.
there is no fork, there never was and the possibility of a fork is too small at the moment.

people seriously need to check their facts. it is only 30% of mining power right now and there is no guarantee of it growing and it may never grow just like other XT, Classic, etc.

if doesn't go up it is dead in the water and if by a small chance it goes up and reaches the majority consensus and fork happens properly, there will be no other chain. there will only be one chain. and bitcoin will continue on.

[richardsNY]

In Bitcoin things don't actually need to happen in order to get the price to decrease. It's just the speculation about a potential fork in case BU happens to receive enough support. Traders in Bitcoin are easily to manipulate, and the larger crypto related news sites are heavily contributing with certain articles that the average Bitcoiner struggles with to understand. No way to see where this will end, but I don't think we'll test $900 any time soon, unless another panic wave gets triggered.

[Torque]

It's good to see the mainstream media is keeping up with their constant negative news regarding Bitcoin.

I was starting to wonder if they had gone soft.

Hear that Average Joe? Stay the fk away from Bitcoin. It's a terrible idea. Stay the FK AWAY! Keep your fiat savings in a bank account, you'll do much better in the long term.

[JavaLove]

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

[FiendCoin]

Imagine how bad the headline and article will be if Bitcoin does fork with BTU... An epic price drop would follow, along with mainstream media crucifying Bitcoin in the process. This is not something I want to see happen, no one who supports Bitcoin should want to see that happen.

[LFC_Bitcoin]

BU is/are starting to really piss me off now. I don't think they'll ever achieve consensus & that's what makes this all the more annoying. I'm a HODLER so technically I've lost nothing but it's still annoying seeing your bitcoin stash tank in value.

[kwukduck]

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

Stop spreading lies. What's the deal with all these lying core shills?
BU is real and rapidly growing numbers of nodes and miners, they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

[mindrust]

That 2 billion $ shouldn't have existed in the first place. They were there because of the ETF hype and now the hype is gone that 2B$ is also gone. Fork debates only made it faster.

Check the charts after the ETF decision. It dropped like %20 or something in seconds. (1040$) A smart person would know that recovery from 1040 won't  last long.

[AT101ET]

I stopped using Yahoo as a news source long ago for numerous reasons including their terrible articles.
What significance does this have? The news outlets always focus on the wrong points and portray BTC in the negative light.
There's a much bigger picture that needs to be painted which is not limited to whether or not the BU have any say over a potential fork.
Yahoo clearly needed content to publish so settled on this out of urgency.

[alyssa85]

That 2 billion $ shouldn't have existed in the first place. They were there because of the ETF hype and now the hype is gone that 2B$ is also gone. Fork debates only made it faster.

Check the charts after the ETF decision. It dropped like %20 or something in seconds. (1040$) A smart person would know that recovery from 1040 won't  last long.

This. When the price did it's fake bounce after the ETF was denied, smart folk took the opportunity to sell.

[freedomno1]

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork.

Headline from the front page of Yahoo.com

Source: https://www.yahoo.com/finance/news/nearly-2-billion-wiped-off-121914544.html

This is why BTU needs to go away and the scaling wars need to end. How far will the value of BTC drop should this clusterfuck continue?

Weak hands concerned about the ETF, the exchange announcements on the state of Bitcoin Unlimited and also the possibility of a doubling by forking. 
So a lot of that is going to Alt-coins in exchange or people sold shorting Bitcoin after all on the knowledge people will panic on these type of things
Either way long alt or short btc are profit till it stabilizes crazy Ethereum and Dash rallies.

[Meuh6879]

Nearly $2 billion has been wiped off bitcoin’s value in three days

and we like this ... burn FIAT value.

[xypos]

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork.

Headline from the front page of Yahoo.com

Source: https://www.yahoo.com/finance/news/nearly-2-billion-wiped-off-121914544.html

This is why BTU needs to go away and the scaling wars need to end. How far will the value of BTC drop should this clusterfuck continue?

We have to reach a consensus somehow although it is probably not going to happen for a long time.

Personally I've traded my bitcoins for fiat already before the crash at around $1200, so i'm in profit and i don't really care about whatever the market is going to do right now. It's a dangerous time, i'm not experienced in trading so i'm not going to try.

Hopefully bitcoin can recover to a $1000+ level again.

This isn't good for bitcoin at all, we were starting to talk about bitcoin becoming more stable...

[Alesis]

Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork. FUD

FTFY.
there is no fork, there never was and the possibility of a fork is too small at the moment.

people seriously need to check their facts. it is only 30% of mining power right now and there is no guarantee of it growing and it may never grow just like other XT, Classic, etc.

if doesn't go up it is dead in the water and if by a small chance it goes up and reaches the majority consensus and fork happens properly, there will be no other chain. there will only be one chain. and bitcoin will continue on.

No, a fork is very possible in the near future.  BU has quite a low rate for activation and would only realistically need about 55% of blocks to support it for a fork to actually happen to SegWit's ~95%.

[JavaLove]

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

Stop spreading lies. What's the deal with all these lying core shills?
BU is real and rapidly growing numbers of nodes and miners, they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

I'd like to be clear that I am no shill for the core. I suppose you could call me a shill for the truth.

You're right that there is a rapid growth in the number of miners using BU. It's real and there should be a general overview on it. However, it will not have an impact on the future of Bitcoin. What we are seeing is a new altcoin that is emerging that will swipe the markets. It will be turbulent for the community, but we'll be able to adjust.

I believe that there won't be enough miners willing to vote on a consensus -- but enough willing to mine for BU. Does that mean a hard fork won't happen? Of course not, there could be one at any time right now, but we must acknowledge the fact that either way the Bitcoin community will not be cut into two. Either way, Bitcoin and its core will emerge as the winners, as it always has.

Also, just a quick sidenote, Kwukduck has been around for years claiming the end of our currency would be coming. A year ago he said the price would never go past $400 for Bitcoin and look where we are now. I am no shill - I just tell the truth.

[1Referee]

What's the deal with all these lying core shills?

I can better say; what's the deal with all these fudding and fake supporting BU shills?

BU is real and rapidly growing numbers of nodes

BU nodes growing? You mean wealthy entities hosting nodes through data centers to give noobs the impression that their artificially created node count is real?

they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

Not that close, but still, close doesn't mean it will really happen. Don't start counting your profits already.

[600watt]

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

Stop spreading lies. What's the deal with all these lying core shills?
BU is real and rapidly growing numbers of nodes and miners, they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

I'd like to be clear that I am no shill for the core. I suppose you could call me a shill for the truth.

You're right that there is a rapid growth in the number of miners using BU. It's real and there should be a general overview on it. However, it will not have an impact on the future of Bitcoin. What we are seeing is a new altcoin that is emerging that will swipe the markets. It will be turbulent for the community, but we'll be able to adjust.

I believe that there won't be enough miners willing to vote on a consensus -- but enough willing to mine for BU. Does that mean a hard fork won't happen? Of course not, there could be one at any time right now, but we must acknowledge the fact that either way the Bitcoin community will not be cut into two. Either way, Bitcoin and its core will emerge as the winners, as it always has.

Also, just a quick sidenote, Kwukduck has been around for years claiming the end of our currency would be coming. A year ago he said the price would never go past $400 for Bitcoin and look where we are now. I am no shill - I just tell the truth.

wait, kwukduck went from "bitcoin is doomed" to the BU side of seeing it? if i was a BU supporter THIS would get me concerned...  

[FiendCoin]

This fork conspiracy, I think, has gone too far. Everyone thinks there's going to be a cut right into BTC mining and split the currency. This will never happen, but people are creating such panic.

First of all, you've gotta love the Yahoo article title. It claims the value has dropped because of a fork. There has not been any fork as of yet and there is not a need for one. BU is responsible for a small portion of miners and doesn't represent the currency itself.

We must acknowledge that this is just bad coverage of Bitcoin and rather the price dropped a bit due to lack of participation in different sectors of the community. Too many people got on the sale train but it will rise in the next week. It's a currency - it will fluctuate. Stop all the FUD about a fake fork.

Stop spreading lies. What's the deal with all these lying core shills?
BU is real and rapidly growing numbers of nodes and miners, they are very close to hard forking it. Almost 40% and that's in a very short timeframe!

I'd like to be clear that I am no shill for the core. I suppose you could call me a shill for the truth.

You're right that there is a rapid growth in the number of miners using BU. It's real and there should be a general overview on it. However, it will not have an impact on the future of Bitcoin. What we are seeing is a new altcoin that is emerging that will swipe the markets. It will be turbulent for the community, but we'll be able to adjust.

I believe that there won't be enough miners willing to vote on a consensus -- but enough willing to mine for BU. Does that mean a hard fork won't happen? Of course not, there could be one at any time right now, but we must acknowledge the fact that either way the Bitcoin community will not be cut into two. Either way, Bitcoin and its core will emerge as the winners, as it always has.

Also, just a quick sidenote, Kwukduck has been around for years claiming the end of our currency would be coming. A year ago he said the price would never go past $400 for Bitcoin and look where we are now. I am no shill - I just tell the truth.

wait, kwukduck went from "bitcoin is doomed" to the BU side of seeing it? if i was a BU supporter THIS would get me concerned...  

The only thing that has changed is kwukduck's employer lol

[vegito]

The market is probably not happy with the things that have been happening lately, but no doubt there was a lot of panic selling on it. Bitcoin is recovering anyway...