Cause of Bitcoin Drop (7/14/2017)

[neon_colors01]

I see a sharp drop on bitcoin and not only btc but also other alt coins including eth, xrp, ltc, xmr
What cause bitcoin drop now?
or should I say the sudden coin drop of all.
Can anyone share some news?

Should I buy now?
It's pretty low already or wait for a while.

thanks guys.

[Gorgonio]

Wait a while
Prices will continue to fall

[neon_colors01]

what caused it?
news here in our country cant affect the coins.
and cant search it in google

[Anegg]

I see a sharp drop on bitcoin and not only btc but also other alt coins including eth, xrp, ltc, xmr
What cause bitcoin drop now?
or should I say the sudden coin drop of all.
Can anyone share some news?

Should I buy now?
It's pretty low already or wait for a while.

thanks guys.

Well this is super low and I would recommend buying some bitcoin if you have the money, since it is almost guaranteed that bitcoin will rise back up and you will profit off your investment.

What I think is causing all this huge dump in bitcoin is the pre segwit anticipation. Since a hard fork is happening, there are heaps of conspiracies of how this is when bitcoin will die. Then people are add to the drop by selling and rebuying when it drops even more

[piebeyb]

I've analyzed this a few weeks ago I have a bitcoin price analysis using MACD using 1W I think indeed in the next few weeks we will experience a price reduction without having to make panic with the problem 1 August everyone will panic selling cheaply
Pick it up in the $ 1000 area  

[neon_colors01]

wow, thanks sir glad to have your comment, it helps a lot before deciding
i accidentally bought coins in a high price, so i think ill wait a while for it before i can sell it in a fair price again.
I think there's a lot of changes  because of the coming segwit

[talkbitcoin]

this is the big bitcoin shakedown before the big rise.
soon August will come and go and whales who have bought in this period under market price will be the ones making the biggest profit of all times when price goes to $3000+

if you want to sell then it is already too late.

if you want to buy it is a good time. but to be sure it is best to wait a little more but watch the price closely. anything below 2K is a no brainier.

and be careful about altcoins, they are mostly at the end of their line and everyone is getting off their train and back to fiat in order to get ready to jump in bitcoin train when it starts up again.

[joseafonso123az]

The bitcoin drop and their altcoins its because of the anticipated Segwit, and the kind of fork that will come from it. I guess next week the price will drop even more, and it will continue till early August I guess, when all the dust from SegWit is over.

[steampunkz]

Thats a good Idea..   So the when the the price of BTC is 1k$ per 1BTC,  Will surely buy more btc by that time. Its already falling and falling now and just continuously dragging altcoins. What ever happens I will still use bitcoin after august 1!

[Kronos21]

The bitcoin drop and their altcoins its because of the anticipated Segwit, and the kind of fork that will come from it. I guess next week the price will drop even more, and it will continue till early August I guess, when all the dust from SegWit is over.

This view is supported by the majority of bitcoin users so nothing will happen. The money always like the silence. It so happened that a bunch of greedy people are unable safely to negotiate and now all have become their hostages. But I am sure that the same greed will force them to do it and everything will return to normal.

[Slark]

What I think is causing all this huge dump in bitcoin is the pre segwit anticipation. Since a hard fork is happening, there are heaps of conspiracies of how this is when bitcoin will die. Then people are add to the drop by selling and rebuying when it drops even more

Then why all other possible altcoins are losing their ground too? Just take a quick glimpse here: https://coinmarketcap.com/
Besides some random occasional niche pump of 3 altcoins whole market seems to be crumbling.
This crazy decline can't be caused only by unclear situations of bitcoin scaling, BTC is simply not influential enough.

[innergy]

The drop is because bitcoin is useless..

[Zemangat]

Bitcoin prices will decline due to the many investors who fear will occur segwit in August. Most of them sell their bitcoin because they are afraid of losing a lot. I think you have to sell some of your bitcoin, not everything .. leave half. Because bitcoin will return to normal after August. Use this to buy bitcoin. So that later you earn a lot of profits when bitcoin prices back to normal

[Iranus]

I see a sharp drop on bitcoin and not only btc but also other alt coins including eth, xrp, ltc, xmr
What cause bitcoin drop now?
or should I say the sudden coin drop of all.
Can anyone share some news?

Should I buy now?
It's pretty low already or wait for a while.

thanks guys.

What I think is causing all this huge dump in bitcoin is the pre segwit anticipation. Since a hard fork is happening, there are heaps of conspiracies of how this is when bitcoin will die. Then people are add to the drop by selling and rebuying when it drops even more

A hard fork is not happening.  It will happen later when SegWitx2 forks to 2MB blocks.

For now, we have SegWitx2 and UASF happening.  SegWitx2​ looks like it'll happen very soon, in which case it's all good.  UASF will have a chain split if it still has <50% hash rate on August 1st, but it's running on negligible hash rate and probably won't be relevant if SegWit gets activated before then.  Both SegWitx2 and UASF are soft forks.
Posts like that explain exactly why the price is dropping.  There's too many fancy terms for some newbies, weak hands and speculators to understand, so they do the easiest thing they do into lovely, relatively safe fiat.

As for alts, they just got pumped hard, so when BTC falls they fall with it.

[LeGaulois]

The drop is because bitcoin is useless..

This is your opinion

But actually the drop was excepted. It's what some people were looking for June/July just before the August 1. Create the fear of people in the Bitcoin community, so currently people are selling their Bitcoin. Now that the price is going down, those same people who created the fear are now buying for a good price, knowing the price will boost during August/September and may get like a 30% profit

[robelneo]

The bitcoin drop and their altcoins its because of the anticipated Segwit, and the kind of fork that will come from it. I guess next week the price will drop even more, and it will continue till early August I guess, when all the dust from SegWit is over.

This is the closest explanation this is just for a short period until the segwit is finish and we'll see the outcome of that segwit, hopefully, everything will be ok, it could drop further to $1500 I hope it will stabilize and get it's former price or better a week after the segwit

[Pursuer]

The drop is because bitcoin is useless..

if bitcoin was really useless or if you really thought that you would never even sign up on a "bitcoin" forum and never have visited and posted on a "bitcoin" section of the "bitcoin" forum.

and so far you have spent more that a year on this "useless" thing.

[NorrisK]

There was half a year of only price rises. What did you expect to happen?

A good healthy correction was much needed to get a new solid floor again. I would prefer eternal rises as well, but that is not how markets work. As long as the year long trends remain upwards, I have no problem with it. Its my retirement plan, not drive a lambo this year plan.

[Pursuer]

There was half a year of only price rises. What did you expect to happen?

A good healthy correction was much needed to get a new solid floor again. I would prefer eternal rises as well, but that is not how markets work. As long as the year long trends remain upwards, I have no problem with it. Its my retirement plan, not drive a lambo this year plan.

it wasn't really "all rise" if you look at the charts you can clearly see all the dips (short term corrections) happening all the way to the top. for example price went up $100 and dropped $30 and then went up and ....

also a good healthy correction was the first drop down from the ATH of nearly $3000 down to around $2100 and then stabilizing the price above $2450. that was the real correction. and the $2400 should have been the bottom of the correction.

what we are seeing now is the panic sell, it has nothing to do with the rise nor the correction of it. it is all fear of the split because of UASF! and all the rest of the FUD that is flying around.

[Juggy777]

I see a sharp drop on bitcoin and not only btc but also other alt coins including eth, xrp, ltc, xmr
What cause bitcoin drop now?
or should I say the sudden coin drop of all.
Can anyone share some news?

Should I buy now?
It's pretty low already or wait for a while.

thanks guys.

Its normal nothing really to worry about. If you are planning to buy this would be the perfect time, each time it drops buy little and little. The reason is very obvious people are confused and sacred of August 1st.they just don't know what's going to happen and they are running here and there and selling it in panic, that has led to more supply than demand and that's why the fall. Till august 1st the fall will continue, then Boom Boom rise.