People are selling the wrong coins, because they are confused. lol

[BitcoinPanther]

nah, the BCH drama has been more like an excuse to dump bitcoin down a little as an opportunity. sometimes opportunities in a market don't just happen, you have to force them to happen. and as I always say traders always love a good FUD that they can make some money from.
think about it, for a couple of weeks price has been stable. everyone was bored out of their minds and couldn't make any profit. then the FUD came and profit flow in  the market. wouldn't you just love that

True!  Manipulators see this as an opportunity to FUD the market and to buy Bitcoin at discounted price.  Sadly there are still lots of weak hands that panic and sold their BTC thinking they have save losses when the truth is they lose  more since after this bloodbath we can see another rally for BTC price increase.  This scenario keeps on repeating, and yet many did not learn.

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[tradjecide]

This drop in the price are based on confusion between Bitcoin <BTC> and Bitcoin Cash. 

The average Crypto currency speculator does not understand the technical difference  between Bitcoin <BTC> and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin <BTC>

The Bitcoin Cash fork has absolutely nothing to do with Bitcoin <BTC>, but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.

The fork and the war is applicable to Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!

Hahaha dude it seems you are just predicting on your own pool of information. I think this isn’t good to share your personal prediction here with zero facts and figures. Better try to avoid such.

[gabmen]

This drop in the price are based on confusion between Bitcoin <BTC> and Bitcoin Cash. 

The average Crypto currency speculator does not understand the technical difference  between Bitcoin <BTC> and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin <BTC>

The Bitcoin Cash fork has absolutely nothing to do with Bitcoin <BTC>, but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.

The fork and the war is applicable to Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!

Lol. Yeah since i don't see any major event that could have possibly dragged btc down aside from that. It's quite common that people who have limited knowledge about btc can mistake it for bch and it already happened before. And that reason is why i also think this decline will not be for long.

[Harlot]

This misunderstanding is happening for a long time now, not all investors in the cryptocurrency market have knowledge on what they are doing and only a few do research what is really happening and what will affect the market, the result is the misunderstanding and the panic will overcome what is true leading to the entire market being affected. I really do think that this fall is due to the market leader dropping which has influence other coins to follow its lead, recovery is inevitable but we don't know when it will start to climb back up again, since it dropped on the descending triangle we need to look for another bullish pattern to form.

[talkbitcoin]

nah, the BCH drama has been more like an excuse to dump bitcoin down a little as an opportunity. sometimes opportunities in a market don't just happen, you have to force them to happen. and as I always say traders always love a good FUD that they can make some money from.
think about it, for a couple of weeks price has been stable. everyone was bored out of their minds and couldn't make any profit. then the FUD came and profit flow in  the market. wouldn't you just love that

True!  Manipulators see this as an opportunity to FUD the market and to buy Bitcoin at discounted price.  Sadly there are still lots of weak hands that panic and sold their BTC thinking they have save losses when the truth is they lose  more since after this bloodbath we can see another rally for BTC price increase.  This scenario keeps on repeating, and yet many did not learn.

i don't think it is all weak hands' fault. it is the dynamics of the market and all the participants in it. for example every trader loves to gets his hand on bitcoin at a cheaper price so that they can buy more of it. so when they see the FUD (or the opportunity) they sell fast so that they have money to buy back at the bottom. which is the reason for the drop in first place.

[Mahanton]

This drop in the price are based on confusion between Bitcoin <BTC> and Bitcoin Cash. 

The average Crypto currency speculator does not understand the technical difference  between Bitcoin <BTC> and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin <BTC>

The Bitcoin Cash fork has absolutely nothing to do with Bitcoin <BTC>, but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.

The fork and the war is applicable to Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!

That's the difference among people who do have knowledge on crypto or to those people who just jumped in into this market for the sole purpose on money-making
without even knowing the basics among coins or projects. Once they hear out a certain news they do believe directly without tending to make any research.
Sooner or later they would realize on the mistake they have done and would learn from it.

[slaman29]

People are always confused that's the thing. Bull market people, they all got a lot of profit and they thought, wow we're so smart. So they kept buying random coins and then when this year happened they got so scared and just sold out on everything.

Mentality is a problem, you can't learn the right mentality, you just have it or you don't.

But yeah, this BCH confusion with BTC was even around since 2016. Honestly I bet there are so many people who bought BCH and still think it's BTC today. Crazy world, but that's what you get with people who blindly chase wealth without getting themselves educated.

[ninobtcx]

I got rid of all my bchsv to get more bchabc.
On one end you have renowned liar Faketoshi.. on the other something backed by Bitmain and endorsed by the biggest players (coinbase, binance, bittrex). It's clear that current hashrate superiority of bchsv is the result of manipulation and irrelevant (other than giving a nice price action for people who want to ditch bchsv to get more bchabc).

[Fromse]

Hmmm, no! Thinking people make financial decisions by being stupid is the first step in making a very stupid decision. The market allows you to profit from both the rising price and the falling price. And the politics and demonstration of power are very useful to make more profit. In addition, wars are expensive and it is not yet possible to subsidize a war using only BTC.

Notwithstanding the fact that bitcoin would be a tool of war in coming years, like in end of this century or the next one. But in this era, we must make strong choices to take advantage.

[hatshepsut93]

I don't believe that bcash drama and Bitcoin's crash are directly connected - there's no way that this market is so stupid that it can't distinguish those coins or that they think that bcash fork wars somehow gonna afflict Bitcoin. I think someone was waiting for an opportunity to dump their coins, preferably during some negative event, and since nothing was happening with BTC for a while (ETF's are long gone), they decided to do it during bcash fork, and it seems like it worked. People panic and they don't understand what's going on, so bcash fork sounds like an explanation to them, even though it doesn't make any sense.

[Stunning]

This drop in the price are based on confusion between Bitcoin <BTC> and Bitcoin Cash. 

The average Crypto currency speculator does not understand the technical difference  between Bitcoin <BTC> and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin <BTC>

The Bitcoin Cash fork has absolutely nothing to do with Bitcoin <BTC>, but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.

The fork and the war is applicable to Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!

That's the difference among people who do have knowledge on crypto or to those people who just jumped in into this market for the sole purpose on money-making
without even knowing the basics among coins or projects. Once they hear out a certain news they do believe directly without tending to make any research.
Sooner or later they would realize on the mistake they have done and would learn from it.

This market is new this world is new for them. So this happens. Don’t worry and don’t curse on being confused. Definitely it is matter of their hard earned money and they have right to take complete time.