Bitcoin Forum
May 10, 2024, 08:01:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Economics > Speculation > What caused the crash in July to make bitcoin reach $1880? Anything specific?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: What caused the crash in July to make bitcoin reach $1880? Anything specific?  (Read 574 times)
Kepler-148b (OP)
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
August 05, 2017, 03:39:47 AM
 #1
What caused the crash in July to make bitcoin reach $1880? Anything specific?
1715371262
Hero Member
*
Offline Offline

Posts: 1715371262

View Profile Personal Message (Offline)

Ignore
1715371262
1715371262
Reply with quote  #2
1715371262
Report to moderator
1715371262
Hero Member
*
Offline Offline

Posts: 1715371262

View Profile Personal Message (Offline)

Ignore
1715371262
1715371262
Reply with quote  #2
1715371262
Report to moderator
1715371262
Hero Member
*
Offline Offline

Posts: 1715371262

View Profile Personal Message (Offline)

Ignore
1715371262
1715371262
Reply with quote  #2
1715371262
Report to moderator
BitcoinCleanup.com: Learn why Bitcoin isn't bad for the environment
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
FiendCoin
Sr. Member
****
Offline Offline

Activity: 462
Merit: 263


The devil is in the detail.


View Profile
August 05, 2017, 08:49:40 AM
 #2
Quote from: Kepler-148b on August 05, 2017, 03:39:47 AM
What caused the crash in July to make bitcoin reach $1880? Anything specific?

Yeah, split fud.

People should stop worrying about fringe lunatics from r/btc and focus on Bitcoin's (BTC) bright future.
"Darkness is good. Dick Cheney. Darth Vader. Satan. That's power." -Steve Bannon
pitham1
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile
August 05, 2017, 11:34:52 AM
 #3
Quote from: FiendCoin on August 05, 2017, 08:49:40 AM
Quote from: Kepler-148b on August 05, 2017, 03:39:47 AM
What caused the crash in July to make bitcoin reach $1880? Anything specific?

Yeah, split fud.

People should stop worrying about fringe lunatics from r/btc and focus on Bitcoin's (BTC) bright future.

It was an opportunity to shake out weak hands and get some cheap coins.  Cheesy
The chaos around the hardfork and segwit activation resulted in some people panicing.
████████████████████████████
████████▄▄████████▄▄████████
█████▄███▀▀██████▀▀███▄█████
██████▀███▄█▄██▄▄████▀██████
███████▄██████████▄▄████████
████████████████████████████
█████▄▄███████████████▄█████
█████▄████████████████▀█████
████████████████████████████
████████▀▀█▀████▀█▀█████████
██████▄██████████████▄██████
█████▀███▄▄██████▄▄███▀█████
████████▀▀████████▀▀████████
████████████████████████████		.Truckcoin.
.For The Fastest Decentralized Global Market.
▬▬     ANN Thread     WhitePaper     Twitter     Facebook     Google+     ▬▬
djuvantebit
Member
**
Offline Offline

Activity: 83
Merit: 10

Be a part of the revolution


View Profile WWW
August 16, 2017, 04:52:44 PM
 #4
Bitcoin cash split FUD
https://coin.newbium.com & https://chat.newbium.com
mrcash02
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 525

CryptoTalk.Org - Get Paid for every Post!


View Profile
August 16, 2017, 05:21:17 PM
 #5
I think it wasn't only because the fork. Bitcoin price was rising too fast, then the correction lead it down fast as well.

The same can happen again soon, not to $1880, but a big crash anyway.
 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.
       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████		.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Catmony
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500


View Profile
August 16, 2017, 05:23:40 PM
 #6
Quote from: Kepler-148b on August 05, 2017, 03:39:47 AM
What caused the crash in July to make bitcoin reach $1880? Anything specific?
Started with fud regarding hardfork and possible split of bitcoin network.
Accelerated by newbie traders who got panic with that fud and they started selling their bitcoin for low prices without knowing what hardfork actually means.

We might see similar crash during november this year.
bamboylee
Hero Member
*****
Offline Offline

Activity: 1148
Merit: 504


View Profile
August 16, 2017, 05:32:48 PM
 #7
I think it is mostly FUD from hard fork. Users are getting out of exchanges afraid of losing their bitcoin. It was too far ago,  Why do you still ask about it OP? Do you want to repeat the crash?
jjacob
Legendary
*
Offline Offline

Activity: 1554
Merit: 1026


★Nitrogensports.eu★


View Profile
August 16, 2017, 09:45:43 PM
 #8
Quote from: mrcash02 on August 16, 2017, 05:21:17 PM
I think it wasn't only because the fork. Bitcoin price was rising too fast, then the correction lead it down fast as well.

The same can happen again soon, not to $1880, but a big crash anyway.

The price rise which happened in late July is nothing compared to what is happening now. It was not a simple correction - the fear about the hard fork also contributed to it. And immediately after August 1 the price has exploded.

           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████		▄▄
██
██
██
██
██
██
██
██
██
██     
██
██		▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK      		   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██		             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█    ▄                ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀



  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
TravelMug
Hero Member
*****
Offline Offline

Activity: 2632
Merit: 833



View Profile
August 16, 2017, 10:04:45 PM
 #9
Quote from: Kepler-148b on August 05, 2017, 03:39:47 AM
What caused the crash in July to make bitcoin reach $1880? Anything specific?

FUD around the hard fork. If you are not around that time, the waves of FUD everyday reach a new level as well. LOL. And investors try to moved out their precious bitcoin by hedging against the dollar or simply cashing it out. However, a lot of new faces enter the market during that dip causing the price to recover to an extent and when investors learn that they can get free altcoins they started again to deposit their funds to those exchanges so that they can claim BCC. And the rest is history.
R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀		LLBIT│
  CRYPTO   
FUTURES
│
 1,000x 
LEVERAGE
│
COMPETITIVE
    FEES    
│
 INSTANT 
EXECUTION
│.
   TRADE NOW   
Pages: [1]
  Print  
Bitcoin Forum > Economy > Economics > Speculation > What caused the crash in July to make bitcoin reach $1880? Anything specific?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!