What happend with BTC? BTC is going down under 7000 USD.

[Lomperd1]

the last 24 hours is purely whale manipulation of the market. they first got the insider information about the SegWit2x thing so they started pumping the price (you can see the big bitcoin market can not longer move up that much anymore with manipulation) so price went up to $7888 (~10% rise). then the news was released and the dumping and shorting began (again manipulation and again small effects) back to $7100 range.

snipped
I have more than 40 BTC now, And I am losing my money now.
I bought BTC at 7500 USD.....

Hold or not..

well you just repeated the same sentence about "bitcoin is falling" 4 times which shows you don't know the first thing about bitcoin and you are panicked right now. you will sleep better if you sell...

Don't sell it. You will only lose your money if can't wait. Please sell it when bitcoin hits 10k in the future. Otherwise it would be a shame to lose your money that way.

This happens because now altcoins wants to rise up a coin can never go up always.

[fromholland]

I call BS.
No one buys $300k worth of BTC just out of the blue at top price, not knowing anything about it..

But for the tiny 0.1% possibility that you actually did, then it could only be possible if you won't feel a thing if it all goes down the drain (in other words, when you have more than plenty!).

So no worries.

[coin163]

BTC will get mỏre power as BCH fork finished. We will see it climb back to 7k very soon!
BTC always a legend and just hold it for nice return soon

[Eroanwan]

Bitcoin is not a god coin that rises for ever it will of course fall down, and sometimes it needs to because there are a lot of altcoins here in the market so we need a balance.

People are also not buying bitcoins only but also some altcoins this will affect the price of btc.

[ArrogantPeacock]

It was a tricky period for BTC, there was a fork expectation which never materialized, so everyone was left relieved and started buying, that pumped the price at almost 8k, until people realized that it doesn't make any sense to put any money into BTC, because it's the same old and slow blockchain that it was before - there was no sort of real value added to it. That's the reason everyone started to moving to Bitcoin Cash shortly after, it's now considered a competitor as the configurations for block times etc. are kinda different than then original, but it is still a copy, which is why it isn't catching up at all. Who knows what will happen the next days, we might see some more price fluctuations but to which coin, I cannot tell you.

[Silberman]

I strongly believe bitcoin will be overtaken by ethereum,  Bitcoin is a dinosaur  that is slow and has high fees.  You already have 40 btc though, if I had that much I would never have to work again, so your still in a good situation.

I would put 20 btc into eth.

I do not think that ETH is going to overtake bitcoin anytime soon, ETH has its own set of issues as well like many other coins, right now there is not a perfect solution to the issue of scalability and that is something we need to deal with it, however I agree with your premise that it could be a good idea to invest half of your bitcoin in other coins especially ETH since I think ETH is going to perform better than bitcoin in the next months.

[moataz_ans]

last 2 corrections were about 40%, my estimate is that it will attempt 7k, then, 4.3k, last chance to catch it sub 5k IMO. 10k before year end. If you are not in crypto, this will be your last chance to get "cheap" BTC.

[ArminH]

What happend with BTC? BTC is going down under 7000 USD.

segwit 2x cancelled but BTC is going down under 7000 USD.

Almost people thought if segwit 2x cancelled, Price go up to 8000 USD.
But now Price is down.

How do you think about this situation?


I have more than 40 BTC now, And I am losing my money now.
I bought BTC at 7500 USD.....

Hold or not..

First of all, I don't want to blame or offend you, I want to help you. Just saying because next sentence might sound a little mean
You put 40 BTC into market without understanding basics? You are crazy my friend
You bought right before fork got cancelled, so in the second of cancellation, you should have sold again.
Now you should probably hodl, but it may take some time until it fully recovers. Use that time for some research and learning the basics!

[lekam0213]

If you have updated the market you can see that bitcoin is increasing again so might be a signal that you will wait or else you can buy altcoins that has potentials in the market.

[HODL to the moon]

I think we have seen a temporary top now and might see a swing low and get in the 4000s range possibly. Some nice shorts to be made!

[barota]

yes bitcoin will back to 6600 usd another time and under 6600 ( between  3800------4500 ). More than a month and it is in the rise only . It's time for a bearish trend
Buying is now a risk
I do not know why people like buy  at expensive price ?!bitcoin yesterday(Just a few months ago) was 1800 usd

is 6000-7000 usd  per btc  the real price of bitcoin ? People fancy 10,000 usd i think 7000 usd per btc  lot

[makishart]

I think we have seen a temporary top now and might see a swing low and get in the 4000s range possibly. Some nice shorts to be made!

Not sure, but the big crash already made by those Fudders by the bitcoin cash fans. Totally before the hardfork and they are claiming to take over the bitcoin asap. But the more people realize that as another joke this time. bitcoin still become the strongest crypto in this world. $4000 will not possible in my opinion.

[Babyfaceless]

do not you think that's why the price drops naturally, as they also need to earn a living and earn a living in the time and I want them to go up or down BTC's price.

[Sephire]

It looks that Bitcoin correction is pretty much over already. It will probably remain
sideways for some days before going back above $7k and to new highs. Just
HODL.

[oyinkansolaberry]

I think it's ok to sell some of it now that the price is still a little bit above the price you bought for. there will still be an upward movement in the price of Bitcoin very soon and you will still make more profit.

[Silberman]

I call BS.
No one buys $300k worth of BTC just out of the blue at top price, not knowing anything about it..

But for the tiny 0.1% possibility that you actually did, then it could only be possible if you won't feel a thing if it all goes down the drain (in other words, when you have more than plenty!).

So no worries.

With that amount of money he could afford to have waited until there was a correction if he did that then he could have big profits already, but bitcoin is very forgiving, now it is trading at 7789 which means that even the OP is in profit, it seems the drama with BCH is over since it is barely above 1000 at the moment, let us hope that is in fact the case and that bitcoin can continue to reach our new milestone 10000 dollars.