dropping value

[rext]

what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,

You do not need to keep worrying, now it has come up again, look back on what happened, it went down very quickly, the panic seller was the one who caused it. So, we need to be calm in every situation.

[1715114761]

1715114761

[jaysabi]

I can't believe people are making threads about this.

As long as bitcoins has excisted, prices have gone up and down. It's in the nature of bitcoin. If supply is larger then demand, then the price will drop until demand is larger then supply, when the price will rise again.

You shouldn't convert you bitcoin. Just hold on, and wait until the price will rise again (which will happen).

Bitcoin has not moved this large this fast. These price swings are ridiculous even by bitcoin standards. It dropped $1800 in about 7 days, and mind you that's a larger drop than bitcoin has been worth for the vast majority of its life. A 35% drop (roughly) in a week! We've seen that kind of drop before on a percentage basis (rarely though), but never that magnitude in terms of dollars. And now this morning, bitcoin surged about $900 in 4 hours. Again, a larger price movement in four hours than what bitcoin has been worth for the majority of its life. These movements don't correlate to supply and demand for the coin, but people speculating/gambling/flipping the currency. Chalking this up to "oh, that's supply and demand for ya" is overly simplistic to the point of being semantically true and of zero value.

This bounce actually has the potential to harm, as it's just training a lot of monkeys on these boards that anytime it goes down, that means it's about to go up, so sink all your money into it. That's not how it works, and you're taking on a huge risk you don't even understand in thinking it is.

[olushakes]

I can't believe people are making threads about this.

As long as bitcoins has excisted, prices have gone up and down. It's in the nature of bitcoin. If supply is larger then demand, then the price will drop until demand is larger then supply, when the price will rise again.

You shouldn't convert you bitcoin. Just hold on, and wait until the price will rise again (which will happen).

Bitcoin has not moved this large this fast. These price swings are ridiculous even by bitcoin standards. It dropped $1800 in about 7 days, and mind you that's a larger drop than bitcoin has been worth for the vast majority of its life. A 35% drop (roughly) in a week! We've seen that kind of drop before on a percentage basis (rarely though), but never that magnitude in terms of dollars. And now this morning, bitcoin surged about $900 in 4 hours. Again, a larger price movement in four hours than what bitcoin has been worth for the majority of its life. These movements don't correlate to supply and demand for the coin, but people speculating/gambling/flipping the currency. Chalking this up to "oh, that's supply and demand for ya" is overly simplistic to the point of being semantically true and of zero value.

This bounce actually has the potential to harm, as it's just training a lot of monkeys on these boards that anytime it goes down, that means it's about to go up, so sink all your money into it. That's not how it works, and you're taking on a huge risk you don't even understand in thinking it is.

The part that got me thinking is the last paragraph of your message and that needs serious attention for anyone who means business and its equally a risk at that. Bitcoin price will rise again is based on assumption but what we fail to account for is "at whose expense" or " who is calling the shots" the erratic price level in the last couple of hours is what I seem not to understand but with the way its going, I guess we all need to watch a little more before taking a decision.

[warr1979]

I can't believe people are making threads about this.

As long as bitcoins has excisted, prices have gone up and down. It's in the nature of bitcoin. If supply is larger then demand, then the price will drop until demand is larger then supply, when the price will rise again.

You shouldn't convert you bitcoin. Just hold on, and wait until the price will rise again (which will happen).

Bitcoin has not moved this large this fast. These price swings are ridiculous even by bitcoin standards. It dropped $1800 in about 7 days, and mind you that's a larger drop than bitcoin has been worth for the vast majority of its life. A 35% drop (roughly) in a week! We've seen that kind of drop before on a percentage basis (rarely though), but never that magnitude in terms of dollars. And now this morning, bitcoin surged about $900 in 4 hours. Again, a larger price movement in four hours than what bitcoin has been worth for the majority of its life. These movements don't correlate to supply and demand for the coin, but people speculating/gambling/flipping the currency. Chalking this up to "oh, that's supply and demand for ya" is overly simplistic to the point of being semantically true and of zero value.

This bounce actually has the potential to harm, as it's just training a lot of monkeys on these boards that anytime it goes down, that means it's about to go up, so sink all your money into it. That's not how it works, and you're taking on a huge risk you don't even understand in thinking it is.

The part that got me thinking is the last paragraph of your message and that needs serious attention for anyone who means business and its equally a risk at that. Bitcoin price will rise again is based on assumption but what we fail to account for is "at whose expense" or " who is calling the shots" the erratic price level in the last couple of hours is what I seem not to understand but with the way its going, I guess we all need to watch a little more before taking a decision.

All happens are by the rumor from the Chinese market!
The price of Bitcoin and Altcoin have recovered now just by OKcoin and Hunbi exchange consider again about close their exchange in next time

[Md Saad]

it doesn't matter really, for the last seven days, Bitcoin has received a lot of alarming news from the chinse government and monetary authority. they have a specific mission regarding Bitcoin but they are going to ban Bitcoin for good. they are analyzing the prospect and making a plan in order to regulate properly this platform in the china. but some big Chinese Bitcoin fishes got scared or they are trying to hide under this circumstance.

That is why some people become has been afraid of this current situation. For me, this is another market mechanism for boosting up it Price. Under this circumstance, every Bitcoin users should be more aware not to sell thier bitcoin at a low price.

[fishbonez11]

I believe that the continuous decline in bitcoin price is due to China's shutting down orders of bitcoin exchanges. Many people in the country would have probably sold their bitcoin in panic, added to the fact that many bitcoin mines were in China.

See it an opportunity for you to buy bitcoin since the price is low, you would have a greater return once the bitcoin price recovers.

[Savik]

I just don't like this most recent bounce... I don't have any good reason, but I don't trust it will last.

[kevpantof]

In this year 2017 JP Morgan CEO Jamie Dimon called bitcoin as fraud and China bans ICOs and other Crypto exchanger, bitcoin price drop from 4900 to 2900 USD. In 2014 Warren Bufett called bitcoin as mirage and the downfall of silkroad and mtgox exchange bitcoin price drop from 1500 to 800 USd. As we track the history of bitcoin price chart, cycles do exist but still it always recover and continue to soar high. if you think that bitcoin is going down, there's no need to worry, we just have to get used to it, be optimistic all the time.

I am happy that at least still there are some people who believe in bitcoins when the biggest market of bitcoins is banning them. This decrease in values is temporary and I don’t think so we should be afraid of this little misfortunes. This chaos is soon going to end and again bitcoins will be at high price.

[omonuyak]

what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,

That is what the promoter of this evil fake news what traders to do,  selling off they bitcoin and others coins out of panic. I don't think that the right thing to do now is selling but buying. Bitcoin has not lose it value significantly like others illiquid assets that face the same attack bitcoin is having now including the almighty USD. If you can not buy now then hold the one you have! Bitcoin and others cryptocurrency has started moving up again and very soon we would resume another upward movement.

[BitcoinPC]

The value is not dropping. It's Rhapsody early morning hours and then it goes right back up and hours to follow. That is a price fluctuation not a price drop. Stating this price dropping makes it sound like there is something wrong and there is nothing wrong. You can see little movement upwards now and we are again moving towards 4000$ plus.

[wolf89874]

If you often read the news you will see there are 2 fucking news that makes bitcoin fuck up.
1: China ban exchange crypto currency and specially with Bitcoin ( this is a fucking fake news)
2: Jamie Dimon said " Bitcoin is a fraud".
These news lead to a crazy down valuable of Bitcoin.

[gabmen]

If you often read the news you will see there are 2 fucking news that makes bitcoin fuck up.
1: China ban exchange crypto currency and specially with Bitcoin ( this is a fucking fake news)
2: Jamie Dimon said " Bitcoin is a fraud".
These news lead to a crazy down valuable of Bitcoin.

Well bitcoin's now surging back after those two destabiizing news though. Goes to show that btc indeed has a solid following and not just scaredy cats ready to budge with just a little pressure. And this would just prove that btc will endure for a long time despite the challenges it will face

[Webetcoins]

what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,

Bitcoin is now declining because of the panic from the bad news and I think it may still decline, but do not rush to sell coins because by the end of the year the price will start to grow again and make a profit.

Well it is true the price of the bitcoin is not fixed yet it keep on fluctuating and sometime we see the price of the bitcoin so high and sometime it goes down so! It is also an opportunity not the bad thing according to me when you see the price of the bitcoin getting down just go and invest huge amount in bitcoin so that you will get huge profit in the future.

[Kevin77]

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.

Jamie and JP are actually looking for the best price to buy and they are gladly using their position to influence the prices. It is obvious some people in high places are really finding ways to get into the system at all cost and at low price. I won't blame them. There had to be a shortcut since they didn't do their assignment early right?

[Sled]

what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,

Bitcoin is now declining because of the panic from the bad news and I think it may still decline, but do not rush to sell coins because by the end of the year the price will start to grow again and make a profit.

Well it is true the price of the bitcoin is not fixed yet it keep on fluctuating and sometime we see the price of the bitcoin so high and sometime it goes down so! It is also an opportunity not the bad thing according to me when you see the price of the bitcoin getting down just go and invest huge amount in bitcoin so that you will get huge profit in the future.

Don't be just like that. You need to study about investing in bitcoin first before putting a huge amount of money in bitcoin because if you will just invest and take risk without having some knowledge then you are in a huge risk and you should research first if buying bitcoin is still advisable for the newcomer investors.

[lilit]

I believe that the continuous decline in bitcoin price is due to China's shutting down orders of bitcoin exchanges. Many people in the country would have probably sold their bitcoin in panic, added to the fact that many bitcoin mines were in China.

See it an opportunity for you to buy bitcoin since the price is low, you would have a greater return once the bitcoin price recovers.

Yes, the bad news about China has significantly affected the sale of coins and lowered the price of bitcoin, but over time everything is stabilized. I am sure that by the end of the year we will be able to profit from our coins.

[Qastessa]

Don't start the panic selling mode this drop is not for long surely after few more days bitcoin will recover and may probably give a good pump so better hold your bitcoin for a while and wait for the pump or else you will regret it

A lot of new users do this mistake that they sell their bitcoin when they see the p[rice of the bitcoin getting down but only the wise one knows it is good to wait till the price of the bitcoin will go up again and it will make them earn more profit because the price of the bitcoin always keep on pumping and dumping so wait if you see the price doping down and do not sell your bitcoin at all.

[Rahar02]

It's a repeated scene in bitcoin environment since the beginning of its development, people invest in bitcoin and hope for profits in the future, so whenever bitcoin price reach another ATH, correction will happen, in this case, bad news about China shut down exchanges create massive panic sell or just some people who want to extract the profits. I won't say it's bad at all, because cheaper price mean a good time to buy bitcoin for everyone, including new adopters. If you're worried about it, just sell yours and buy back at the dip.

[Bonakid]

When the price dumped the best time to buy more btc. I guess there is a panic selling happen that's why bitcoin price is currently downtrend. If I have more funds I'd like to buy at this time and hold for a long term. I just hope it will recover.

The value of bitcoin is dropping down if investors would invest on it maybe its going to be back on its high price.hoping for moving up again to bitcoin.panic selling is the issue on this topic i wish it would increase again.

[UsernameBitcoin]

The only reason for the dropping value currently is because JP Morgan and China create FUD only to buy in cheap to make a profit.