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Author Topic: dropping value  (Read 4123 times)
player514
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September 14, 2017, 07:05:09 AM
 #61

Everyone says "hold, buy as it won't be as cheap as it is now" but once China officially announce that crypto exchanges are banned (in few weeks IMO) then it's price will be $1000 or less. Better sell it now.

I think there is some validity in your statement, but to counter it, take a look at what the Bitcoin price has been doing for the past couple of hours. It's been fluttering around 3,800-3,900. If it was going on a downward plunge, I'd expect the price to have fallen to at least 3,500 by now.

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September 14, 2017, 07:10:52 AM
 #62

If you can't wait with your investment, then making profits through trading isn't your cup of tea TBH.
The value is dropping because of sudden rumors that were spread by Chinese in order to manipulate the markets and move it down, short it and make money over it because if you can clearly observe, panic sells are huge compared to pumps as it took months for Bitcoin to get to this level and a few moments to slide down below 3900. Keep faith in your decision, Bitcoin has always recovered and charts are saying that it will recover back one more time. Stay calm and don't panic "sell". By using the word "invest", you agree that you fully understand the risks associated with it. I know how it feels when markets turn red and tend to go against our decision, but holding is the only option you have in order to succeed and profit from this.

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September 14, 2017, 07:56:56 AM
 #63

This is normal to see that the price of bitcoin is going down because there is a person that says that bitcoin is a fraud and he think that it is just a useless currency and will not work in the future and you can see the effect of it but if you will think for long term happenings then you can see that the price of bitcoin right now is nothing compared for the possible price in the future.

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September 14, 2017, 08:33:20 AM
 #64

Everyone says "hold, buy as it won't be as cheap as it is now" but once China officially announce that crypto exchanges are banned (in few weeks IMO) then it's price will be $1000 or less. Better sell it now.
The reason why others are stating for 'HODL and if possible buy as much possible' is that we have seen bitcoin rise strongly from each problematic situation. Everytime bitcoin value plummeted its recovery was way more stronger. Just check the price trend of bitcoin you will understand the point of view.
There was time when many were believing that china-markets were ruling bitcoin world. However that POV has been changed since last year or so.
 

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September 14, 2017, 08:55:47 AM
 #65

Value of bitcoin has dropped to 30% today from thursday. It hit the record of $2700 and now has dropped to 30% by today. A broad range of cryptocurrencies like ripple, dash,monero etc have dropped their value and in most cases even more steeply.
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September 14, 2017, 10:20:09 AM
 #66

Yes you can convert your bitcoin into PHP and you can withdraw it in atm thru cardless transaction..

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September 14, 2017, 10:30:25 AM
 #67

Cause some stupid CEO saying that "Bitcoin is a cheat" , so it makes bitcoin dropping valuable really hard. This world is really fair.
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September 14, 2017, 05:02:21 PM
 #68

I think the bitcoin price will go back up again. maybe this is just a panic while up and down the bitcoin price is a common thing in trading.

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September 14, 2017, 05:16:54 PM
 #69

Calm down man, have you seen how bitcoin gaining its price back after hard dump. it's already happening so often that this event always stick to my mind but I wonder how people couldn't learn from it.
You just need to hold, or be ready to buy as much as possible. if you don't trust me, see the graph of bitcoin and you will eventually say thank to me at the end.
People should consider on thinking about learning the system of Bitcoin in terms of its price so that they could know what is the reason for Bitcoin to drop its price for now. Hence, bitcoin development is sure have a big factor in accordance to the changes it makes daily so we can definitely make sure that it is also a part of bitcoin growth and development for it to experience progress in terms of future transaction and  value.


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September 14, 2017, 05:19:20 PM
 #70

It will gradually bounce back. After the bad news some optimistic people who believe in bitcoin will again buy because of its low price. Then again it will surely rise up.

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September 14, 2017, 06:14:20 PM
 #71

I think it's a response to the rumors that China will close down exchanges. That in top of the ban on ICOs definitely scared weak hands. I couldn't careless about what Jaime Can't-even-remember-rest-of-his-name has to say. He spews shit about bitcoin on a fairly regular basis.

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September 14, 2017, 06:24:39 PM
 #72

Cause some stupid CEO saying that "Bitcoin is a cheat" , so it makes bitcoin dropping valuable really hard. This world is really fair.

This is not because of stupid CEO but because of stupid Bitcoin users who listen to him and give this statement an importance.
Maybe price currently looks bad but it will recover soon and China happenings will not influence long term on price. And I realy hate when people are saying now how Bitcoin is becoming worthless and couple a days ago they were saying how they will never give up Bitcoins and that they will become millionares.

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September 14, 2017, 06:30:03 PM
 #73

This is how market works. Panic, people sell, smart people buy and get the their profit at the hype, you should buy even more at this moment! This is the chance for these all people lost the train the first time at 5000 hype

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September 14, 2017, 07:16:29 PM
 #74

This is how market works. Panic, people sell, smart people buy and get the their profit at the hype, you should buy even more at this moment! This is the chance for these all people lost the train the first time at 5000 hype
Correct. There has been so many corrections and all of them ended up the same way: with sheep getting scared, selling and missing the next pump, and wolves selling early and then buying as it falls. Remember 2015, how the price was going down for months and reaching a new low after a new low? Whoever bought back then is rich now.

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September 14, 2017, 07:29:18 PM
 #75

This is what usually happens to every market, its just being too volatile, the falls and rise generally attracts attention. Recent news and other activities with fear of new people and obviously correction most probably has lead to this drop. Again within few months you might see another pump again.
So nothing to fear about the drop atleast for now.

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September 14, 2017, 07:36:21 PM
 #76

In July the market dropped 50% and then tripled! Something like this may happen again, this is why I am waiting for the lowest point to buy in.

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September 14, 2017, 07:40:58 PM
 #77

I don't think it shoould be a surprise to people.

Bitcoin cannot continuously rise every day for weeks on end, unless a lot of new fiat comes into the market.

So once most people buy into BTC and there isn't much fiat(meaning all people who know about BTC don't have fiat), then the price goes down.

Meaning the market is same supply, but demand is lower. Demand is lower because everyone who can buy btc has it, therefore they don't have any more fiat currency to buy in. Which means supply stays the same and demand goes down = price lowers.



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September 14, 2017, 10:36:28 PM
 #78

Well it was so what expected as Bitcoins price had increased like anything.Bitcoins can't be rising continuously up and never look down.Bitcoin is volatile it is very prone to this ups and downs , it  had happened many times before and had survived.Many people starts panicking and sells their btc which they will regret and people who knows how btc works would buy or hold them.But this drop is temporary and btc will recover easily i hope.

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September 14, 2017, 11:00:09 PM
 #79

Cause some stupid CEO saying that "Bitcoin is a cheat" , so it makes bitcoin dropping valuable really hard. This world is really fair.

I do not think that CEO  word alone affect the bitcoin price.  You see there are series of bad news happening around the cryptocurrenct market.  ICO banned in China, this is the start of it then many specialist told that Bitcoin is a hiding place of illegal trades and terrorist supports, then the word from that person, but what bring Bitcoin to dip more is the announcement of one of the largest EXchange in China that they will stop their exchange service on Sept. 30.  I think there will be more negative news to come, so better brace ourselves.  Hold bitcoin during the dip.

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Lmaooo
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Any store can buy, sell, and accept Crypto


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September 14, 2017, 11:32:38 PM
 #80

Bitcoin value may still go down because the market is unstable for now and that may take few days for it to stabilize. Cool

________Any Store Can Buy, Sell and Accept Cryptocurrency________
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