Why Bitcoin Going Down Badly?

[mharz]

Bitcoin was down due to the effect of segwit. Because of splitting that happen on August 1 all Altcoins and crytocurrencies will be affected. However I believe that after this segwit, bitcoin will started to raise again.

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[Skarner21]

Bitcoin was down due to the effect of segwit. Because of splitting that happen on August 1 all Altcoins and crytocurrencies will be affected. However I believe that after this segwit, bitcoin will started to raise again.

I believe that the bitcoin price will rise back again they are just withdrawing there bitcoin instead of holding them in exchange site because they heard that its not safe to save bitcoins to any exchange site before segwit activation done.
Hope that we can see more price increase because developers they are not doing wrong in bitcoin just to encourage other people to sell bitcoin and i think they are just upgrading and improving the use of bitcoin..

[jvdp]

Bitcoin was down due to the effect of segwit. Because of splitting that happen on August 1 all Altcoins and crytocurrencies will be affected. However I believe that after this segwit, bitcoin will started to raise again.

I believe that the bitcoin price will rise back again they are just withdrawing there bitcoin instead of holding them in exchange site because they heard that its not safe to save bitcoins to any exchange site before segwit activation done.
Hope that we can see more price increase because developers they are not doing wrong in bitcoin just to encourage other people to sell bitcoin and i think they are just upgrading and improving the use of bitcoin..

Yes I believe that the bitcoin price will rise back again.but they shows absloutly they are just withdrawing there bitcoin instead of holding them in exchange site and also because of They heard that its not safe to save bitcoins to any exchange site before segwit activation done. And conformly i said However I believe that after this segwit, bitcoin will started to raise again.

[kwukduck]

The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

[krizniq]

The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

buy signal for BTC finally arrived

[somac.]

The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

Another evidence less FUD post by the one of the greatest losers in bitcoin history, Kwuckduck.

It may be more profitable at the moment, but, merchants, exchanges and miners are not switching. Zero fucking evidence there pal.

Tell me though Kwuckduck, for humours sake, let's just say that bitcoin cash destroys the bitcoin core chain and becomes the new bitcoin. Will you then be posting FUD post after FUD post about that chain too as it crashes to new ATHs?

[leowonderful]

The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

Another evidence less FUD post by the one of the greatest losers in bitcoin history, Kwuckduck.

It may be more profitable at the moment, but, merchants, exchanges and miners are not switching. Zero fucking evidence there pal.

Tell me though Kwuckduck, for humours sake, let's just say that bitcoin cash destroys the bitcoin core chain and becomes the new bitcoin. Will you then be posting FUD post after FUD post about that chain too as it crashes to new ATHs?

Some people just have a hate boner for Bitcoin and the top dog. Can't change that no matter how much reasoning you give, obviously miners will follow the money and some of them have indeed switched. I haven't done that yet and I probably never will.

[deisik]

The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin

That's unlikely since it doesn't offer any real advantages

Bitcoin Cash is more profitable to mine now since its mining difficulty dropped recently (due to lack of hashing power when it had been started in early August), and plenty of hashing power got poured into this coin, i.e. due to imbalance between the current difficulty and available hashrate. The difficulty will readjust soon, and this profitability will evaporate as fast as it emerged. To replace the original Bitcoin, Bitcoin Cash would have to rise in price to parity with the former, but that would require tremendous amount of fiat injected into this wannabe Bitcoin replacement

[wahb]

Bitcoin was down due to the effect of segwit. Because of splitting that happen on August 1 all Altcoins and crytocurrencies will be affected. However I believe that after this segwit, bitcoin will started to raise again.

I believe that the bitcoin price will rise back again they are just withdrawing there bitcoin instead of holding them in exchange site because they heard that its not safe to save bitcoins to any exchange site before segwit activation done.
Hope that we can see more price increase because developers they are not doing wrong in bitcoin just to encourage other people to sell bitcoin and i think they are just upgrading and improving the use of bitcoin..

Yes I believe that the bitcoin price will rise back again.but they shows absloutly they are just withdrawing there bitcoin instead of holding them in exchange site and also because of They heard that its not safe to save bitcoins to any exchange site before segwit activation done. And conformly i said However I believe that after this segwit, bitcoin will started to raise again.

yes there is no  doubt thatn bitcoin price will continue increase and very soon we will see that the price of bitcoin will cross 5000$. therefore i personally holding my bitcoin and not going to sell it in present time, i think in very beginning of this 2018 the price of bitcoin will even cross 7000$ so it will be more profitable if we manage to hold bitcoin tell the end of 2017.

[JL421]

It isn't what's wrong with few days back it was 2200$ and now it is 4000 and you are saying it has badly gone down how give me a explaination to this every drop in price has a reason and i totally see a valid reason applied here stop complaining for no reason every advantage will have a small disadvantage and this minor drop is the small disadvantage

[OracionSeis]

The reason BTC is going down is because it's about 30% more profitable for miners to mine bitcoincash.
Merchants, exchanges and miners are switching to the bitcoin upgrade called bitcoin cash.
Many people are still unaware of the upgrade and will possibly be left behind and lose a lot of money as bitcoincash is quickly replacing bitcoin.

Another evidence less FUD post by the one of the greatest losers in bitcoin history, Kwuckduck.

It may be more profitable at the moment, but, merchants, exchanges and miners are not switching. Zero fucking evidence there pal.

Tell me though Kwuckduck, for humours sake, let's just say that bitcoin cash destroys the bitcoin core chain and becomes the new bitcoin. Will you then be posting FUD post after FUD post about that chain too as it crashes to new ATHs?

Some people just have a hate boner for Bitcoin and the top dog. Can't change that no matter how much reasoning you give, obviously miners will follow the money and some of them have indeed switched. I haven't done that yet and I probably never will.

I agree with. Those miners who hates BTC are those who are supporting now BCH. They are pumping BCH so that their newly created shitcoin will be same pricr as BTC which is will never happened. BTC will pump soon again while BCH dump until 1sats

LOL !!! Are you kidding me? An altcoin has received a huge money invested from many trader on market like Bitcoin Cash falldown to @1 sat? If like your said, the value of Bitcoin Cash = zero and will be delist from anywhere, this situation is impossible happening.

[Bellator]

It isn't what's wrong with few days back it was 2200$ and now it is 4000 and you are saying it has badly gone down how give me a explaination to this every drop in price has a reason and i totally see a valid reason applied here stop complaining for no reason every advantage will have a small disadvantage and this minor drop is the small disadvantage

Exactly! There are some here who are just stupid and not even thinking right. I guess this speculation is really a trash. Why wouldn't he or she keep on checking the status rate of bitcoin before judging that bitcoin goes down badly. It doesn't make sense at all or maybe he needs a compliments or to be gone viral. Catching people's attention so that there is something to talk about. Whatever the fluctuations of bitcoin, it will rise again because many people are holding their coins so definitely it will just regain what it had lost and so on. It's doesn't go down badly after all.

[WatchMaker]

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

This is completely normal! Every time the bitcoin price get to the highest level there most be a market correction which sometimes reduces the bitcoin value and then later grow from there.