Cause of Bitcoin Drop (7/14/2017)

[JohnBitCo]

Bitcoin price will keep falling 2 weeks more. For sure there is a good buying opportunity there.
80 % of the marketcap of total crypto market comes from the people who just joined for gain reasons and they have no idea about how cryptocurrencies work. and they even dont understand how come they can have intrinsic value. but it doesnt matter for them because they earn money. However if prices fall they are first to abandon the ship because they think the price can go down to ZERO. no surprise that price falls sharply. But it is a good think for the people who has a deep understanding of world. Many investors think that bitcoin is a ponzi. Thats true actually but another fact is that Fiats, governments even the college degree is a ponzi as well. think about it

No matter how they treat it, the real investors will always take this as a positive  sign to buy more coins which they are cheap. One thing which is missed by most is that bitcoin is digital currency and future is only of Digital.

[Casdinyard]

because of August 1 BIP48
I thunk the bitcoin price will continue falling down and it will rest below 1500$ at the end of this week. But after August 1 it may take a sudden jerk orelse it may also get much low. We can wait and watch what happens after August 1. If you want to purchase bitcoins, you can wait a little more untill the price is dropped more and then you can purchase it when the price is quite low. According to me, purchasing bitcoin in some days will surely be profitable.

Yes this is the the best opportunity to buy coins and get some decent profit. Many are afraid what will happen if the chain will split and if bitcoin will dump or become less valuable. But I think bitcoin will never get that too low as many known investors are into bitcoin and they will not let happen to lose precious coin in just because of the activation.

[micher143]

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.

It is said to be and also brought by news, rumors and speculations that it is due to the upcoming event which will happen within a week or two weeks from now which is Segwit fork. It is still a mystery for everyone of what will happen before and after the said event. The sudden price drop of bitcoin value must not alarm us users because it will suddenly pump up to normal or the best thing is that it will reach its highest price peak.

[BitcSeo]

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

@Zemangat, point of correction, most investor's will not sell their coin. They will hedge it into other precious material's like gold,diamond..ecc whose prices are more stable until there is little assurance & confidence of trade/saving within the bitcoin niche


Thanks

[Vikingr]

Bitcoin price will keep falling 2 weeks more. For sure there is a good buying opportunity there.
80 % of the marketcap of total crypto market comes from the people who just joined for gain reasons and they have no idea about how cryptocurrencies work. and they even dont understand how come they can have intrinsic value. but it doesnt matter for them because they earn money. However if prices fall they are first to abandon the ship because they think the price can go down to ZERO. no surprise that price falls sharply. But it is a good think for the people who has a deep understanding of world. Many investors think that bitcoin is a ponzi. Thats true actually but another fact is that Fiats, governments even the college degree is a ponzi as well. think about it

No matter how they treat it, the real investors will always take this as a positive  sign to buy more coins which they are cheap. One thing which is missed by most is that bitcoin is digital currency and future is only of Digital.

Exactly "Bitcoin is a future currency". Because it has changed the life style of developer to cash out the bitcoin into fiat money. It has also changed the slow and high fees system of dollars. If we are having bitcoin and want to withdraw so we can cash out our bitcoin into fiat money in a less fees than payoneer cards etc.

[ice098]

Bitcoin price will keep falling 2 weeks more. For sure there is a good buying opportunity there.
80 % of the marketcap of total crypto market comes from the people who just joined for gain reasons and they have no idea about how cryptocurrencies work. and they even dont understand how come they can have intrinsic value. but it doesnt matter for them because they earn money. However if prices fall they are first to abandon the ship because they think the price can go down to ZERO. no surprise that price falls sharply. But it is a good think for the people who has a deep understanding of world. Many investors think that bitcoin is a ponzi. Thats true actually but another fact is that Fiats, governments even the college degree is a ponzi as well. think about it

This could be in this month only i believe that by the next month it will be good again and we will bring back our profit in all our investment in btc and in alt. Lets wait it now.

[jzale]

Reading all of the opinions here is reassuring. I'm thinking of what really is the right thing to do with this segwit coming on August. I should keep my coins and buy some more since there is a guarantee that the bitcoin will rise again. Just patience and faith guys!

[ayeshajum07]

Speculation on the segwit are the most common cause of the descending value not only in bitcoin.

Anyone are worried on what would be the outcome after the segwit.

[Phyton76]

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.

I guess the main reason is because there are so many investors was afraid to lose there money in bitcoin because august 1 is already near so a lot of investor i guess sell there holding and then the price continue to go down and then a lot of investor again reinvest because it become dump so the price again back up to average value.

[Siren]

Speculation on the segwit are the most common cause of the descending value not only in bitcoin.

Anyone are worried on what would be the outcome after the segwit.

Yes, the segwit2x really cause a lot of panic to most of us and plus you will see a lot of media buzz around it sowing more worries to the casual investors. It bring chaos to the market causing a big dip in price. But today it looks like a positive price. Maybe a lot has been buying bitcoins again because the price is low and cheap. Let's just wait once everything has settled down if the price will dip again or it will touch $3000 again but this time, it will be sustain.