Why Bitcoin Going Down Badly?

[Ewox]

I have a 100% feeling that it is the main reason why the price is going down, fear from the hodlers, selling at it's finest.

Is safe to buy by 31th July?

No.

And by 28th July? Probably the price will be $500 then.

I can bet that it won't be. If it is, I will sell my house (and my car and the shirt off my back) and get all in on Bitcoin.
Such an opportunity will never again arise. 

I certainly agree with you, and let's not pray bitcoin will go down that much. It may split but I doubt it'll go back to $500 as its price. But well just see how far it goes down and wait till August 1.

[1715203356]

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[deisik]

The reason for this crash lies not only in fear of failed scaling bitcoin upgrade. Just take a look at every altcoin, they are all bleed.
Among top 100 altcoins price of more than 90 crashed I don't think it is simply related to bitcoin at this point.
One is certain for me though - people will dump altcoin and start to rebuy bitcoin because the low price of BTC is extremely attractive ATM

I don't know next to nothing about other 99 top altcoins (so bear with me)

But I see people dumping their bitcoins and buying Litecoin presently. Somehow, I hoped that Litecoin would go down way faster than Bitcoin, so I planned to convert my remaining stash of bitcoins into litecoins (just in case, I'm mostly in the US dollar now), but it seems that it was not just me who had been looking for that opportunity. And instead of Litecoin going down in Bitcoin terms, it is in fact rising right now (not very far from recent highs Bitcoin-wise)! But I still hope for a minor Litecoin crash (at least, in respect to Bitcoin)

[pawel7777]

is it all due to 1st August Bitcoin Fork??

That's probably the least important factor. Apart from this, there are likely some of the recent ICOs dumping raised funds, but most of all, decline is just a natural consequence of previous rally.

There were shitload of inexperienced newcomers buying into Bitcoin with only one goal - getting rich quick. They're slowly losing patience and starting to realise that "Lamboland" is not gonna happen, so they'd just accept the loss and cash out.

Plus, as always, lots of traders are selling to buy back more at lower prices.

[TetraFugolini]

I just visited https://coinmarketcap.com/ . The market is bleeding, everything is in the red. Now might be a good time to buy some btc, but I will wait a few more days to see will it get any lower, a lot of uncertainty around the 1. of August . But I do believe bitcoin will survive this, can't be so sure about all those shitcoins though .

[jvdp]

I have a 100% feeling that it is the main reason why the price is going down, fear from the hodlers, selling at it's finest.

Is safe to buy by 31th July?

No.

And by 28th July? Probably the price will be $500 then.

I can bet that it won't be. If it is, I will sell my house (and my car and the shirt off my back) and get all in on Bitcoin.
Such an opportunity will never again arise. 

I certainly agree with you, and let's not pray bitcoin will go down that much. It may split but I doubt it'll go back to $500 as its price. But well just see how far it goes down and wait till August 1.

You no need to worry about bitcoin price now.If you want to buy a bitcoin means. It's the correct time.After August 1 ,you  may sell it at very good rate.You will get very  much profit in bitcoin. No one knows the price of bitcoin after August 1.So cleverly inverse on bitcoin today.

[jtipt]

I have a 100% feeling that it is the main reason why the price is going down, fear from the hodlers, selling at it's finest.

Is safe to buy by 31th July?

No.

And by 28th July? Probably the price will be $500 then.

I can bet that it won't be. If it is, I will sell my house (and my car and the shirt off my back) and get all in on Bitcoin.
Such an opportunity will never again arise. 

You do all this, and by chance, the Fork goes bad hard forks happen and both the forked coins don't work our and Bitcoin dies in few months, then what will you do? I hope this doesn't happen, I don't even want price to go to that $500 even if it's just for few days I am already starting to panic a bit seeing price below $2000 after i had got used to the 2500s

[orarider]

is it all due to 1st August Bitcoin Fork??

Yes, that is the fact that bitcoin goes down. Although knowing the problem, but it can not be resolved, bitcoin is in danger of being fragmented, so people need to make the right choice.

[Denker]

I have a 100% feeling that it is the main reason why the price is going down, fear from the hodlers, selling at it's finest.

Is safe to buy by 31th July?

No.

Hodlers never sell!
So this is false! It's weak hands and all the noobs who came here just for a quick buck and are not really interested in the technology.
Ask 10 of those guys why Bitcoin was created and what disruption of the keynsian system means to them.These guys will have no clue what you are talking about. That's what we're having to deal here with. The earlier we can get rid off them the better imo.
Let those guys play with alts or Paypal and Venmo.

[amacar2]

is it all due to 1st August Bitcoin Fork??

Yes panic created after some guys spread the fud about possible hardfork on august.

Actually segwit activation is soft fork not a hard fork so this will not split the bitcoin network.

When segwit will be activated than we might see healthy uptrend on price.

[endaiin]

to increase bitcoin performance it need to upgrade for increase  transaction speed.
It good for bitcoin future. i not worry about the price, it will go to the moon after upgraded.

[karabasss]

is it all due to 1st August Bitcoin Fork??

Yes panic created after some guys spread the fud about possible hardfork on august.

Actually segwit activation is soft fork not a hard fork so this will not split the bitcoin network.

When segwit will be activated than we might see healthy uptrend on price.

I would really like it to be true) I read a lot of news and they all panic. But no one can explain the situation. I also worry a bit. But I do not want to transfer my assets to alternative coins.

[batang_bitcoin]

Big bag holders are just taking the advantage of this fork that is about to happen. They have been doing that before, just like the SEC and other stuffs before. Don't worry people this is going to recover soon, just endure the bloody red days and don't feel that it is the end as long as bitcoin is still up and on a thousand value, why there's a need to worry?

[albertvert]

to increase bitcoin performance it need to upgrade for increase  transaction speed.
It good for bitcoin future. i not worry about the price, it will go to the moon after upgraded.

It is due to one and only reason. Due to August 1 and July end.After August 1 ,it price with twice or thrice the today's rate.People having idea of inversing of bitcoin may inverse now .No one had the doubt to inverse. They can inverse now.

[blakegrr]

most probably because of the august 1 drama. but for sure it will be a success so just hold and buy more. we could see bitcoin a really sucessful crypto currency in the near future.

[Zenithar]

I have a 100% feeling that it is the main reason why the price is going down, fear from the hodlers, selling at it's finest.

Is safe to buy by 31th July?

No.

And by 28th July? Probably the price will be $500 then.

I can bet that it won't be. If it is, I will sell my house (and my car and the shirt off my back) and get all in on Bitcoin.
Such an opportunity will never again arise. 

I certainly agree with you, and let's not pray bitcoin will go down that much. It may split but I doubt it'll go back to $500 as its price. But well just see how far it goes down and wait till August 1.

I don’t agree I don’t think the price can go this much low to $500. It is not the same situation now earlier when the bitcoin price drop that much low was because the bitcoin was vulnerable at that time. Now the bitcoin is quite strengthened by the backing of governments by accepting the bitcoin. I am hopeful that the price can’t go below $1200.

[stergium]

I have a 100% feeling that it is the main reason why the price is going down, fear from the hodlers, selling at it's finest.

Is safe to buy by 31th July?

No.

And by 28th July? Probably the price will be $500 then.

I can bet that it won't be. If it is, I will sell my house (and my car and the shirt off my back) and get all in on Bitcoin.
Such an opportunity will never again arise. 

I certainly agree with you, and let's not pray bitcoin will go down that much. It may split but I doubt it'll go back to $500 as its price. But well just see how far it goes down and wait till August 1.

You no need to worry about bitcoin price now.If you want to buy a bitcoin means. It's the correct time.After August 1 ,you  may sell it at very good rate.You will get very  much profit in bitcoin. No one knows the price of bitcoin after August 1.So cleverly inverse on bitcoin today.

No doubt this is now the time for the investors to invest in the bitcoin because everyone knows that in august it will be with better specs and the price will be increased as of now. I think the big investors will be happy at the moment for availing this high profit opportunity.

[MMA]

is it all due to 1st August Bitcoin Fork??

Yes panic created after some guys spread the fud about possible hardfork on august.

Actually segwit activation is soft fork not a hard fork so this will not split the bitcoin network.

When segwit will be activated than we might see healthy uptrend on price.

This is the reason that most of the people don’t understand the difference between the hard fork and the segwit. In fact those who really know about segwit and know that what will happen to the features of the bitcoin will never get panic of this stuff. People are scared of the hard fork and which even if will happen will be after six months of the segwit.

[Jewell]

Big bag holders are just taking the advantage of this fork that is about to happen. They have been doing that before, just like the SEC and other stuffs before. Don't worry people this is going to recover soon, just endure the bloody red days and don't feel that it is the end as long as bitcoin is still up and on a thousand value, why there's a need to worry?

I think they are the one who spread rumours about the bitcoin and misguided people about the first august which created a panic in the users and so they started selling.
What we are seeing now is the result of the panic in the bitcoin users. I don’t know why people get panic so easy, even knowing it that bitcoin is becoming stronger.

[duke944]

is it all due to 1st August Bitcoin Fork??

Yes panic created after some guys spread the fud about possible hardfork on august.

Actually segwit activation is soft fork not a hard fork so this will not split the bitcoin network.

When segwit will be activated than we might see healthy uptrend on price.

This is the reason that most of the people don’t understand the difference between the hard fork and the segwit. In fact those who really know about segwit and know that what will happen to the features of the bitcoin will never get panic of this stuff. People are scared of the hard fork and which even if will happen will be after six months of the segwit.

Waiting until something actually happens is trading suicide. You want to be way ahead if you know something hugely negative will happen 6 months from now.

[Bagaji]

Bitcoin is decreasing in market value because there is fear of what the outcome of 1st August meeting would be, and that makes so many people to sell their bitcoin even though some of them are selling it at a cheaper rate as compared to what it would have been sold five days back. If you have not pressing need for your capital I will advise you to hold for the price will likely bounce back  $4,000.