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

[leveler]

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..

[Cryptoshaft]

i think because it's cancelled.
people buy many bitcoin to get advantage for segwit2x, and just because it's cancelled, people just simply sell it back.

[error08]

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

Hold or not..

Nothing happen imo, just normal fluctuation in bitcoin world.
Bitcoin ATH is $7831, after reach the peak, bitcoin got corrected because people cash out their investment just in case bitcoin price will drop significantly, or just want to make profits. But, look at current price, recover to $7200.
You've bought BTC40 at $7500, that's a huge investment. Are you planning to trade bitcoin in the near future? Or want to hold it for long term?
No need to worry about it due to bitcoin will always recover, but it may take a day, a week or a month. Just hold it as bitcoin may reach $15,000 in 2018.

[LeGaulois]

The price was extremely volatile since the announcement for the segwit 2x cancelation. Yesterday the price could be 7500$ and 15 minutes later failed to $7000$ and then 15 minutes later back to $7500. After some hours the price seems to stabilize about $7200.
Buying after the announcement was a very hight risk, I would prefer to wait some days at least to see how the market behave.

[Vilagra]

It's interesting, why you thought cancelling would lead to price increasing?
Many people waited for this and now they just aim to divest BTC

[DaMut]

nothing to worry about my friend.
the reason behind that dump is because of the fork suspended.
many people pushing the price to the top in order to maximize the profit before the fork.
but that thing suspended by them so they have nothing to do.
of course the price will be dumped directly,it's a healthy correction in my opinion.
or we should say,right now we're trying to stabilize our place and build up our support.
if nothing goes wrong,we should see another upward movement in the next month,
but for now the price will be dumped around $5000~6000,even lower than that plausible.
this movement is predictable actually,
so what should you do ?
1.Cut it out
2.Hold it tight

for me it would be better for you to sell it right now and then buying it back again in the bottom,
just sell it right now and buy it back around $6500,
because in the next few days later on we should see another downward movement

[eagleman]

It's interesting, why you thought cancelling would lead to price increasing?

Everyone has the same idea that the cancelling of Segwit2x will lead bitcoin to the moon as those people that are decided not to support the two chains and will only stay on the chain does have the majority support. So investors, traders and miners will be divided into two different bitcoin when the fork continues. But as it was done now that there will be no more split, everyone will stay to the leader of all crypto's and that is bitcoin core, the legacy bitcoin or whatever others are calling it - the only one bitcoin.

[Buntel168]

Hold it, Bitcoin price will be increased again, occurs or not the segwit 2x will not affect to Bitcoin. Keep calm and hold it.」

[Manchumichael]

Hold it, Bitcoin price will be increased again, occurs or not the segwit 2x will not affect to Bitcoin. Keep calm and hold it.」

Because of segwit2x only the price is increasing, but now news is there like it cancelled don't know whether the price will keep on the increase or it comes down. I think people are already investing in altcoins, so the prices of all altcoins are increasing today. Don't know it will cross $8k or not.

[layoutph]

Heres the logic behind the segwit. Why would you BUY Bitcoin during Segwit? Because you want to have that shitty coin "BITCOIN GOLD". Just incase the Bitcoin forking is NOT Cancelled. Bitcoin might go up to 8k to 9k before or during the Segwit activation. Once the investors get their Bitcoin Gold. Expect a huge sell in the market.

Now that the Segwit is cancel, its up to you if you want to keep your BTC or sell it. I made it into half. The first half is to trade Forex using BTC, the 2nd half is already SOLD to USDT.

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..

[jasonjm]

The main reason behind this is that segwit2x is cancelled. People were investing in bitcoin because they are looking for some profit in the form of new currency just like BCC. And after the news of cancellation price starts falling down.

[franss]

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..

Do not worried about price btc, if btc down we keep it well and maybe we can buy little bit btc for longterms 

[Julunguul]

this is all due to segwit2x failure. never cutloss btc that you invest, it is ascertained the value of btc will continue to rise, it's just we wait time. a great trader must be good at controlling his emotions

[trobin]

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..

I think you were wrong in your assumption that the price would increase if segwit2x was cancelled, much money was in bitcoin in anticipation of a fork. I would still hold as I do not think bitcoin will suffer for long.

[flowpify]

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..

Do not worried about price btc, if btc down we keep it well and maybe we can buy little bit btc for longterms 

Exactly, just waiting for the price to stabilize to buy some more 

[iram1011]

There was a huge shift of money from altcoins into Bitcoin first for Bitcoin gold and then for B2X. People were accumulating bitcoin recently which made it overpriced and brought a huge drop in altcoin market. Since there won't be any fork now, money is flowing back to altcoins as can be seen now. Most of the large cap coins are pumping hard. But Bitcoin too has support. Therefore, it will remain between $6800 to $7300. Some positive news are aligned for Bitcoin. Price would be touching $9k before the year ends.

[mobnepal]

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

Hold or not..

Just keep holding them, price can go way over $10k within next few months, if you will start to panic like this than you will never make any big profit from bitcoin or whole crypto trading.

Have some patience, some correction after a huge bull run like that is normal and sudden updates from segwit2x developer to cancel the upcoming fork have disappointed many investors who have only bought bitcoin to get some free coins which they can dump on listing are now selling.

[JimmieA]

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..

I think that is just normal fluctuations ò market, prices will rise again soon. However, 40BTC is not small, so you should make the decision carefully. But I believe that the 2x segwit will be canceled and the btc price will continue to increase in the near future.

[Ayush rana]

I think when people come to know about segwit 2x they buy bitcoins in a bulk through which the demand exceeds the supply and thus due to less supply the price of bitcoin goes high. But now as segwit 2x got cancelled now people are selling bitcoins before they got loss.

My suggestion is just to hold your coins and wait for the stability of coons in market and when market get stable then again bitcoin price will rise.

[tora]

If you sell at $7000 you will take heavy loss. At the moment you have a paper loss not a realised loss. You have to decide if bitcoin will increase in future so you can make profit. Bitcoin is at $7200 on bitfinex at the moment.