Lol @ Hardfork panic

[Baofeng]

Whatever it is, at the moment, it has had such a huge impact on bitcoin. Well, now it has not happened yet, but makes such a big impact on bitcoin prices. If this really happened, maybe the impact will be more severe because of panic, but it could also be the opposite when it does not happen.

We are only seeing half of the impact of the news regarding Aug 1 segwit activation. So we have to braced for the next shit storm that will be coming in Aug 1. But its all good, the weak hands has been shaken already. Others may really find this dipping a good time to buy back bitcoin. But I'm still thinking that after everything settles down, bitcoin will be back to normal price of $2000 or greater and may even more than that. So we just need to hold on your bitcoin.

[freedomno1]

Let the market bleed and correct itself, there is money to be made when others are fearful.
And also a lot of money to be made selling when others are exuberant, oh well someone will be making money off of this so it's just the circle of finance and the way she goes.

[Herbert2020]

Let the market bleed and correct itself, there is money to be made when others are fearful.
And also a lot of money to be made selling when others are exuberant, oh well someone will be making money off of this so it's just the circle of finance and the way she goes.

at some point it stops being "correction" and starts entering the realm of "stupidity" instead. and when it does, that is the time to make real money from the stupidity of those who sold late because of the FUD.

the worst part is, we saw the same thing not so long ago! there was a big FUD where they kept repeating the word "Hard Fork" all over the forum and panic started and price dropped from >$1350 to <$890 in less than a week.
now we are seeing the same thing with the same size drop in the same time frame but the FUD is on a slightly bigger scale.

[jennywhzz]

Great Term, HardFork  FUD Panic should be real story. Bitcoin will not be hurt by hardfork itself then it is being hurt now my hard panic which is being created everywhere and since there is no regularity authority in bitcoins, we do not have an "Official Statement/News" for bitcoins upcoming fork.

[richardsNY]

Great Term, HardFork  FUD Panic should be real story. Bitcoin will not be hurt by hardfork itself then it is being hurt now my hard panic which is being created everywhere and since there is no regularity authority in bitcoins, we do not have an "Official Statement/News" for bitcoins upcoming fork.

From time to time something pops up causing the market to tank in an exaggerated manner. After this hard fork fear people will go nuts on something else. It's not that long ago where China was 'ruling' the market with iron fist. It just took a fart article to cause a massive amount of panic amongst the traders, where from that point a sell-off got initiated. If we look at how much drama we have gone through in the previous years, it becomes clear that they didn't have any long term impact on Bitcoin. Everything that happens is just something that affects the market negatively in the very short term. In the meantime, noobs keep feeding the whales with cheap coins.

[Flyyyy]

Great Term, HardFork  FUD Panic should be real story. Bitcoin will not be hurt by hardfork itself then it is being hurt now my hard panic which is being created everywhere and since there is no regularity authority in bitcoins, we do not have an "Official Statement/News" for bitcoins upcoming fork.

From time to time something pops up causing the market to tank in an exaggerated manner. After this hard fork fear people will go nuts on something else. It's not that long ago where China was 'ruling' the market with iron fist. It just took a fart article to cause a massive amount of panic amongst the traders, where from that point a sell-off got initiated. If we look at how much drama we have gone through in the previous years, it becomes clear that they didn't have any long term impact on Bitcoin. Everything that happens is just something that affects the market negatively in the very short term. In the meantime, noobs keep feeding the whales with cheap coins.

Not only beginners do wrong steps and sell coins. I see many people who have been investing for several years, who are also panicking. It's very unpleasant for me to watch. I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

[richardsNY]

I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

It's not a matter of people stopping with 'trusting' Bitcoin, but more that they don't understand how everything related to the implementation of SegWit works. People here in this forum have been infecting each other with non information and fud. It's mind boggling how much of a problem people make out of practically nothing. Nothing will happen with Bitcoin, even not with a hard fork incoming. If SegWit2X activates, a month or three later a hard fork will follow anyway. People don't seem to be looking at that fact -- they get blinded by all this first of August nonsense....

[moviebuff777]

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

This drop also give everyone else a chance to buy as some sell off their bitcoins. The prices are still too high for me to buy any more but if we see a more significant drop, I will definitely buy as many bitcoins as I can because I know that the price will eventually rise to new record prices.

[BitMaxz]

Great Term, HardFork  FUD Panic should be real story. Bitcoin will not be hurt by hardfork itself then it is being hurt now my hard panic which is being created everywhere and since there is no regularity authority in bitcoins, we do not have an "Official Statement/News" for bitcoins upcoming fork.

From time to time something pops up causing the market to tank in an exaggerated manner. After this hard fork fear people will go nuts on something else. It's not that long ago where China was 'ruling' the market with iron fist. It just took a fart article to cause a massive amount of panic amongst the traders, where from that point a sell-off got initiated. If we look at how much drama we have gone through in the previous years, it becomes clear that they didn't have any long term impact on Bitcoin. Everything that happens is just something that affects the market negatively in the very short term. In the meantime, noobs keep feeding the whales with cheap coins.

Not only beginners do wrong steps and sell coins. I see many people who have been investing for several years, who are also panicking. It's very unpleasant for me to watch. I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

I think they trust bitcoin but they are just afraid of losing their investment or losing their profit that is why they sell their bitcoin before other sell their own bitcoin.. As you can seen i think the price drop happen from past few days we are seeing the price increase back again and invest because they know its a really cheap price. Look at the movement of the price today there are still continue of the price increase.. segwit honestly it will not affect a lot its just a piece of code that can improve bitcoin.. This is happening last year where people are panic sell after block halving..
That i think the same thing happen these days..

[Herbert2020]

Not only beginners do wrong steps and sell coins. I see many people who have been investing for several years, who are also panicking. It's very unpleasant for me to watch. I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

no you have not been seeing anything, you are just saying random stuff.

people who have been investing for years have seen all this drama almost every 2 months. the FUD and the dips are new to you who are new to this, it is like a repeated episode for the rest of us.
read my previous comment. this is not even old news. we saw the same thing recently when price fell for the same FUD about split and whales and those investing for years made a lot of money because of stupidity of the masses.

[farhaan]

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

Its all happening due to panic selling done by newbies who don't have clear knowledge about bitcoin price history.They just weaken the bitcoin stability by doing such activities.Big whales making use of the opportunity and grabbing cheaper bitcoins.

[bucciarati]

it' s always the same process going on recursively, setting an testing a new floor then skyrocketing and then again and again ...

[LFC_Bitcoin]

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

There isn't going to be a hardfork, not now at least so I agree, it's ridiculous to see people dumping their coins and probably having to buy back more expensive.

[hangar18]

Although HardFork not is new "word" with user Bitcoin in few years ago, but it still can make panic with person not have knowledge, experience about market as newbie, speculators ... or person can't keep their calm with happens crash price and take loss

[deisik]

I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

It's not a matter of people stopping with 'trusting' Bitcoin, but more that they don't understand how everything related to the implementation of SegWit works. People here in this forum have been infecting each other with non information and fud. It's mind boggling how much of a problem people make out of practically nothing. Nothing will happen with Bitcoin, even not with a hard fork incoming. If SegWit2X activates, a month or three later a hard fork will follow anyway. People don't seem to be looking at that fact -- they get blinded by all this first of August nonsense

I can't agree with you

If we distance ourselves from current commotion, noise, and confusion (due to coming SegWit activation), and take a wider look at Bitcoin from a distance of at least half a year, we will see that Bitcoin is slowly but surely becoming toxic. It has a tremendous margin of safety (any other coin would likely have already been dead as a doornail by now in such or similar circumstances), but this margin is not infinite either, and it is shrinking at that. See, even if nothing extraordinary happens and SegWit gets activated this way or another, the "political" issues are not going anywhere, and they will still be eating away this safety margin until it is completely exhausted



And then Bitcoin might collapse like the Tower of Babel

[nightrider]

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

Many people feel anxious, so they have sold a lot of bitcoin, this makes its value go down very fast, however, afterwards, it has returned, and I'm sure many people feel Regret, they made wrong choices.

[Rahar02]

I look forward to a huge SegWit speculation bubble. Even LTC doubled in the few weeks before they finally activated SegWit. And Bitcoin? Where everybody is waiting already for 2+ years now? whoaa-
 

Exactly. Litecoin was considered "dead" trading for a couple dollars early this year, and after Segwit activation hit $50+

Unfortunately for some people who sold their bitcoin for cheaper price than what it will be achieved in the next month.
Hopefully, most people who loss because sold bitcoin, could bought at the bottom line of bitcoin prices and make profit in the future, as we know bitcoin is a long term investment, there's no shortcut to make you rich. people have to believe in bitcoin and be patient as bitcoin fluctuate a lot, but in the end bitcoin could recover and reach higher peak. I expected for over $5000 after segwit activated, or we might find bitcoin reach over $3000 in the end of this month.