Bitcoin is now dropping again

[iamTom123]

After its rise approaching the $2,800 level almost two days ago, Bitcoin is now on a retreat again. I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

Until we can get over August 1, there will be that dark cloud appearing above Bitcoin and it has become a big issue so far affecting its movement and value. I am just simplifying things here so I want to hear all of your analysis and comments on this latest development.

[davis196]

After its rise approaching the $2,800 level almost two days ago, Bitcoin is now on a retreat again. I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

Until we can get over August 1, there will be that dark cloud appearing above Bitcoin and it has become a big issue so far affecting its movement and value. I am just simplifying things here so I want to hear all of your analysis and comments on this latest development.

This is a normal price correction.After all,we should "still prepare for Aug 1".
I quess that we all see the news that appear on our account dashboards.
Bitcoin Cash will be the next Bitcoin Unlimited,another shitty altcoin with no support.
The fear of a hard fork remains,but the posibility is...i would say 1%.

[pooya87]

I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

there is nothing recent about bitcoin cash, it has been going on for a while now.
the "talk" started a long time ago when BIP148 was starting to get serious.
bitcoin ABC (the client) has been going on for a while.
ViaBTC started selling their cloudmining thing for BCC last week IIRC
ViaBTC added trading for BCC pair 2 days ago. BCC price has been dropping ever since.
bitmain repeated that they were only supporting UAHF if UASF went through 2 days ago and kinda said ViaBTC is on their own

this drop is pure manipulation...

[ghostunicorn]

I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

there is nothing recent about bitcoin cash, it has been going on for a while now.
the "talk" started a long time ago when BIP148 was starting to get serious.
bitcoin ABC (the client) has been going on for a while.
ViaBTC started selling their cloudmining thing for BCC last week IIRC
ViaBTC added trading for BCC pair 2 days ago. BCC price has been dropping ever since.
bitmain repeated that they were only supporting UAHF if UASF went through 2 days ago and kinda said ViaBTC is on their own

this drop is pure manipulation...

All drops are pure manipulation directed by big whales, from my perspective. But this time we have valid reasons for this bitcoin drop. There should have been one last correction drop before all time high, and now it's taking place.

[Proton2233]

This was to be expected. Now it's too late to sell coins. Those who have not done so already should forget for 2 to 4 weeks on their bitcoins if you do not want to lose money. I'm ready for it and not worry. I wish you peace.

[DaMut]

I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

there is nothing recent about bitcoin cash, it has been going on for a while now.
the "talk" started a long time ago when BIP148 was starting to get serious.
bitcoin ABC (the client) has been going on for a while.
ViaBTC started selling their cloudmining thing for BCC last week IIRC
ViaBTC added trading for BCC pair 2 days ago. BCC price has been dropping ever since.
bitmain repeated that they were only supporting UAHF if UASF went through 2 days ago and kinda said ViaBTC is on their own

this drop is pure manipulation...

All drops are pure manipulation directed by big whales, from my perspective. But this time we have valid reasons for this bitcoin drop. There should have been one last correction drop before all time high, and now it's taking place.

how about one correction before the time and then one big dump when the time ?
after that slowly back the way up,trying to hit all time high just like before ?
it's pure manipulation (if it's real doesn't that mean we will see annother sub $2000)
2 days ago we could see $3000 after that down to $2600,so based on that we can see someone trying to get out of it.
and a few hours ago someone selling 1kBTC(many times) and pushed the price down.
other than this we also have other possibility,
they're trying to surpress the price to trigger panic selling because someone/somepeople doesn't know what will happen and when he look at the prices he/she trying to sell his/her own.if that's the case we can see all time high on 1 August or near that date

[BingoDog]

After its rise approaching the $2,800 level almost two days ago, Bitcoin is now on a retreat again. I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

Until we can get over August 1, there will be that dark cloud appearing above Bitcoin and it has become a big issue so far affecting its movement and value. I am just simplifying things here so I want to hear all of your analysis and comments on this latest development.

This new coin will be just another altcoin and to my opinion it will not represent any threath to Bitcoin. This price drop isn't something we should have fear of, just another correction in the row. This period until August 1 will be very dynamic and hectic for bitcoin so we could expect more such price changes.

[mongkie]

i think this is a healthy dip and i see this as an opportunity to enter the market and buy more bitcoin for future upward threand  and i will make sure that by now i will not miss the train.

[mobnepal]

After its rise approaching the $2,800 level almost two days ago, Bitcoin is now on a retreat again. I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

Its just newbie shaking their remaining coins out of fear, whales will soon start to pump bitcoin again after this small drop. Bitcoin cash is just a free money we all bitcoin holders will get to dump just after it will be listed in few altcoin trading platforms LOL

[2double0]

It is an absolute outcome that used to be obvious to come into existence because it was just a rebound but not a correction, and what is coming currently seems to be a correction before we see the actual rise that we are currently supposed to, after these debates as well as drama gets resolved.

[BitMaxz]

I think today we just seen a normal drop and i think there is no other reason why the price right now is drop.
Except for other are still afraid this nearly august 1 what actually will happen they don't notice actually that bitcoin segwit is already running..
Whales out side they can't push down back the value of bitcoin right now they are already bought their own bitcoin that i think they can push the price back after august..
For now better to support bitcoin right now and don't let other sell or panic sell their bitcoin because we are just seeing the normal drop price of bitcoin .

[HeRetiK]

After its rise approaching the $2,800 level almost two days ago, Bitcoin is now on a retreat again. I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

Until we can get over August 1, there will be that dark cloud appearing above Bitcoin and it has become a big issue so far affecting its movement and value. I am just simplifying things here so I want to hear all of your analysis and comments on this latest development.

I guess it's mostly because everyone expected to hit the moon right after the BIP 91 lock in, which led to Bitcoin overextending itself on the rebound. But since Bitcoin didn't break the old ATH, people got nervous and impatient and decided to buy back in on lower levels. Pure speculation, but makes for a nice story, no?

[kwukduck]

Of course it's dropping. What did you expect?

BIP91 lock-in doesn't mean anything.

We will still have the SegWit and SegWit2x hardfork.

We will see 1500 again in the next day or two and itbwill probably drop much lower from there as we approach the break point of 1 August.

And all of that because some people are impatient and don't want smooth protocol changes. Or rather they are in the pocket of Mr. WU.

[elutzen]

I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

there is nothing recent about bitcoin cash, it has been going on for a while now.
the "talk" started a long time ago when BIP148 was starting to get serious.
bitcoin ABC (the client) has been going on for a while.
ViaBTC started selling their cloudmining thing for BCC last week IIRC
ViaBTC added trading for BCC pair 2 days ago. BCC price has been dropping ever since.
bitmain repeated that they were only supporting UAHF if UASF went through 2 days ago and kinda said ViaBTC is on their own

this drop is pure manipulation...

All drops are pure manipulation directed by big whales, from my perspective. But this time we have valid reasons for this bitcoin drop. There should have been one last correction drop before all time high, and now it's taking place.

"All drops are pure manipulation directed by big whales" my god. This has to be hyperbole.

[Shiver]

My feeling is that we'll have lots of turbulence for the next couple of weeks.   I wish people would just HODL (traders will hate me for saying that).

Tone Vays has been quite vocal and I completely agree with him re BCC.

I wouldn't give it any headspace at all, and just be patient while the market makes its mind up (UP imho, but not just yet).

[Anarchist]

Didn't know before reading this thread. Checking preev yeah it's true. You give me a good news man. It means it's time for shopping! Make my wallet great again!
Guys you know, most people in fear are still waiting the last moment to sell their coins, we will see again at least  1 or 2 drop like this one

[CyberKuro]

Bitcoin Cash is a token that may exist in the near future due to a user-activated hard fork (UAHF) that will bifurcate the Bitcoin blockchain into two branches, there is nothing to worry as miners will always support bitcoin, Bitmain is a pool which stated may support BCC, but they still signaling for bit 1. People just speculate about how hard fork could affect bitcoin price, but as we know bcc is an altcoin which its price determined through supply and demand such as bitcoin. Current price of bcc keep decreasing and may drop harder if everyone get bcc on August 1st as people tend to sell altcoins

[Rahar02]

I see it the same as you think, people just aware of bitcoin cash that may affect bitcoin price if hard fork happen on August 1st, but the decrease not so significant so far and bitcoin still hold on $2556, I guess it may drop even further on August if bad news about hard fork influence people. But it is not a big deal to cause bitcoin fall hard, maybe $2250 is the lowest price when BCC launched.

[jerowacik]

After its rise approaching the $2,800 level almost two days ago, Bitcoin is now on a retreat again. I am speculating that this must be due to the recent announcement that there will be a new coin to be called as Bitcoin Cash and the continuing fear of what can be on and after August 1.

Until we can get over August 1, there will be that dark cloud appearing above Bitcoin and it has become a big issue so far affecting its movement and value. I am just simplifying things here so I want to hear all of your analysis and comments on this latest development.

This is a reasonable decline. The decline was just about $ 100, so I'm not worried about the current situation.
Maybe a lot of traders are selling, we know that now is the end of the month and they need a little extra money 

[xuan87]

I thought that Bitcoin price already recover and the investors already sure that we will not fork, but seems like some of the investors still not sure about this news and take precaution, so the price falling down again, I think we will see the stable price after the August