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Author Topic: BTC gone down today  (Read 1820 times)
worldtraveller321 (OP)
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December 19, 2017, 11:58:35 PM
 #1

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

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Avdotiy
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December 20, 2017, 12:08:54 AM
 #2

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

It should have happened some time ago, when I was expecting it  Wink The growth of Bitcoin was sick and unreal, so this decline is a logical outcome. Panic on the market, growth of Eth and BCH. Some people are talking about "The Flippening" BTC to BCH. If you ask me, Bitcoin is not dead and hardly will be.

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December 20, 2017, 12:14:05 AM
 #3

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

It should have happened some time ago, when I was expecting it  Wink The growth of Bitcoin was sick and unreal, so this decline is a logical outcome. Panic on the market, growth of Eth and BCH. Some people are talking about "The Flippening" BTC to BCH. If you ask me, Bitcoin is not dead and hardly will be.

Why is it a logical outcome? It has to go down because it went up? It's just what happens. It's going to keep going up in the long run so nothing to worry. Keep hodl.
Dewi08
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December 20, 2017, 12:18:16 AM
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Maybe it's to keep altcoin price stability, which is very susceptible to the rise in bitcoin prices, so I think it's to make the currency of the cryptocurrency ..
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December 20, 2017, 12:18:38 AM
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Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

This downward movement is normal. bitcoin must did it this long time ago. there are more usable crypto out there rather than bitcoin. maybe people are starting to realize that. however, bitcoin will still be at the top.  

allthebitandbobs
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December 20, 2017, 12:19:41 AM
 #6

money going into alts .That usually what happens when bitcoin get pumped alts follow straight after
GraciousBanshee47
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December 20, 2017, 12:21:25 AM
 #7

Even if you get an answer here, don't base your trading decisions from others' opinions. You need to validate if this is just a normal correction or if it's the start of a downward trend.
mjloulie
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December 20, 2017, 12:29:02 AM
 #8

every hours the value of bitcoin is changing, it is normal. if its going down today in a few days it will raise up.
orka39
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December 20, 2017, 12:29:20 AM
 #9

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

Bitcoin always do its own part that is always go back up.
This happen because some people take profit in some point. But it will not continue to very low price because many bitcoiners hold bitcoin.

CryptoRage
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December 20, 2017, 12:30:28 AM
 #10

Bitcoin Cash is goimg nuts...the Miners are going after BTC again imo
GraciousBanshee47
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December 20, 2017, 12:31:36 AM
 #11

Guys, don't buy when BTC price is falling. Please wait until prices have stabilized or once another uptrend has already started.
knien
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December 20, 2017, 12:33:29 AM
 #12

This is normal. And with the (postponed) bitcoin sigwit2 fork coming end of december, we will see the reverse movement and bitcoin going up again. 

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December 20, 2017, 12:35:17 AM
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Most likely some profit-taking / Tax year effect. Who really knows.
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December 20, 2017, 12:37:15 AM
 #14

IMO its because coinbase went live with BCH so everyone is selling BTC to buy BCH thats why the BCH is pumping now. Let BTC drop so I can load up on more  Wink
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December 20, 2017, 12:48:49 AM
 #15

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

It should have happened some time ago, when I was expecting it  Wink The growth of Bitcoin was sick and unreal, so this decline is a logical outcome. Panic on the market, growth of Eth and BCH. Some people are talking about "The Flippening" BTC to BCH. If you ask me, Bitcoin is not dead and hardly will be.

Why is it a logical outcome? It has to go down because it went up? It's just what happens. It's going to keep going up in the long run so nothing to worry. Keep hodl.

^^ THIS ^^ Bolded, etc..
Mr Batman
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December 20, 2017, 12:56:38 AM
 #16

yes, because ETH gone up today, so btc gone down.

Cryptopher
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December 20, 2017, 12:57:13 AM
 #17

Lots of funds changing hands from BTC and alts towards BCH due to today's news, the latest push being from Coinbase listing BCH.

Not sure where it will head, but I think a lot of people who joined the world of crypto during this "bubble" may be looking towards BCH and thinking > $10k in a few months. Time will tell, however I'm skeptical as always...

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prehisto
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December 20, 2017, 12:58:31 AM
 #18

yes, it is. I accumulated quite a bit, expected 25 000 till New Years but seems that I was overly optimistic with this. In any case will be holding, wont participate in panic. BTc always bounces back every damn time.

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December 20, 2017, 12:58:35 AM
 #19

Difficulty adjustment yesterday? Plus Gdax trading today, pumped BCash like crazy
JTPhotography
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December 20, 2017, 01:00:30 AM
 #20

IMO its because coinbase went live with BCH so everyone is selling BTC to buy BCH thats why the BCH is pumping now. Let BTC drop so I can load up on more  Wink

Yes a coinbase induces pump. Bch buying is down now though.
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