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Pumapipa (OP)
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November 17, 2018, 08:52:03 AM |
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While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?
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davis196
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November 17, 2018, 01:30:44 PM |
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While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?
Yes,it is a total opposite.And so what?There's no guarantee that the bitcoin price has to follow the same pattern every year.I was expecting a big pump at the end of 2018,but know I think that it won't happen. Anyway,life goes on and we just HODL(or buy more bitcoins). This price decrease can't be compared with the December 2013 price crash,and yet there are people,who say "is this the end of bitcoin?"This is hillarious. |
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abhibtccc
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https://blockstream.info , Blockonomics.co
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November 17, 2018, 01:48:29 PM |
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While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?
There are several things due to which this happened. Due to the last year hike, btc got attention of many governments & this caused some troubles for btc. Another fact is that network congestion leads to delay in confirmations. Sooner or later, it will cross $18000 mark again. |
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fabiorem
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November 17, 2018, 02:23:45 PM |
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Maybe in December it will be the opposite too? Instead of going down, we will be going up.
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Carlsen
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November 17, 2018, 02:55:38 PM |
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I do not think that the this year is the opposite of last year.
Many of the people who got in bitcoin contact last year are still amongst us and have not left the bitcoin business.
It's only that the price has reached a more realistic level.
By the way, in my eyes those ups and downs have become the real engine of bitcoin.
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dunfida
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November 17, 2018, 03:47:06 PM |
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I do not think that the this year is the opposite of last year.
Many of the people who got in bitcoin contact last year are still amongst us and have not left the bitcoin business.
It's only that the price has reached a more realistic level.
By the way, in my eyes those ups and downs have become the real engine of bitcoin.
Don't know why people still got surprised on how bitcoin price do moves out.There would always be a sudden dump and a sudden price increase depending on what kind of news we are getting into. Imagine that it is already 10 years and some old crypto enthusiast still shaken of with these kind of events without even thinking that we are still thousand times fold compare on previous years price. |
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WinslowIII
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November 17, 2018, 04:54:35 PM |
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While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?
Yes,it is a total opposite.And so what?There's no guarantee that the bitcoin price has to follow the same pattern every year.I was expecting a big pump at the end of 2018,but know I think that it won't happen. Anyway,life goes on and we just HODL(or buy more bitcoins). This price decrease can't be compared with the December 2013 price crash,and yet there are people,who say "is this the end of bitcoin?"This is hillarious. This crash is damn near identical to the 2014 crash off the 2013 pump. In both cases we are around 30% of the peak 11 months following it. If both these periods continue to mirror each other expect bottom of about $3000 or possibly even into the $2ks next year. |
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cellard
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November 17, 2018, 05:09:28 PM |
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There's still hope for a christmas bullrun similar to last year's. Remember that we went from $3000 to $2000 in no time, now we are at $5500 so there's less distance.
Also don't forget BAKKT launches in December 12. So it could start picking traction fast if the platform gets a lot of contracts early. It all could align for another x-mas bullrun.
However I would love to have a bear market or stable price for another year. Cheap coins = unique opportunity to accumulate. It's the only way to get rich long term. Once the next bullrun happen we can say goodbye to sub-5 figure coins ever again.
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tomahawk9
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November 17, 2018, 05:21:05 PM |
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Many are left wondering what is happening to bitcoin or will it be the end for the coinn
Because of a 13% decrease in the price? That's nonsense. Maybe in December it will be the opposite too? Instead of going down, we will be going up.
Unless Bakkt brings in fresh capital to pump the market, I don't see how the btc price will go up next month. Bearish sentiment is still present, and this current dip isn't helping to change that sentiment in the short-term. Sure, the price could recover, it might be even go up in the following weeks, but I doubt we'll see a massive surge like some people expect. |
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buwaytress
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November 17, 2018, 05:46:14 PM |
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Um yeah this is a completely different year and yeah it's opposite to last year but we didn't need last week to tell that to ourselves. Been apparent for months already, and we've had two or three past cycles to remind us how hard Bitcoin comes down after a rush, and how long the hangovers tend to last.
Not sure why people still think there's time for a Christmas bull. At best a recovery, maybe even a climb back up to pre November prices. Gotta keep grounded guys.
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YuginKadoya
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November 17, 2018, 06:12:25 PM |
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Are you stating a conclusion on your own accord or giving us FUD? Its been a total opposite the last time because we are still in the midst of a bearish market and it is pretty unpredictable because that is how cryptocurrency works, and by saying a stable $6400 USD price, Bitcoin doesn't really stay stable and will never be its price is still changing but in a low volatility manner, We can say that the price back then that hit to $18000 was a bull run and that same thing is the thing we need again to make the price skyrocket to that same level, And this bearish market will not sure last and must subside to stop the resistance of the price in moving down.
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usekevin
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November 17, 2018, 06:41:14 PM |
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While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?
Personally I think this is the true. Last year the price of bitcoin had started to reach the maximum value at the month of November. But it was a quiet opposite now. The price of bitcoin and Ethereum had started to reach the lowest value of this year. Only Happy thing is , it's a temporary one .So no need to worry for the fluctuations in bitcoin price. |
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Thomas-s
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November 17, 2018, 07:01:07 PM |
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This is definitely not the end. I think that when Bitcoin is falling down it is not bad, but good. I think that "they" do it specially in order to buy at a low price. You will see growth and it will be soon
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stayeduptolate
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November 17, 2018, 07:08:22 PM |
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While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?
Well about last year it was as many people say, due to the demonetisation in India and due to which people invested huge amounts in bitcoin just because they could hide their ill gained black money to be hidden from Indian government. And after that pump there was no other source of new investments to the people and the price started crashing due to lack of support and got to the break even point for Miners where they could just make enough of what they spent to mine those bitcoins. |
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Capt00
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November 17, 2018, 07:36:36 PM |
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Probably this year, there is no bull run happening on the market. But I personally believed that this is not the end as long as there is a fluctuation no temporarily price in the crypto world. Just have faith and keep holding on what you have or invest more as much as you can.
OP was right it is now definitely opposite price if we compared last year and hopes were now on the bottom price and it is not continues fallen, hang on, keep holding, after this probably it has a good start.
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gentlemand
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Welt Am Draht
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November 17, 2018, 07:51:47 PM |
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There's enough history to draw on now for people not to be surprised by this. It's the inevitable slope downwards after a strong surge upwards.
The only question is how long and how deep it'll be. The hangover from 2013 was vastly longer than the spike. It was one month of madness that took three years to return to.
Since the rise this time around was so much steadier in comparison I'm hoping the whole thing is a more level affair. If not then we have one lengthy wait in store.
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InvoKing
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November 17, 2018, 09:13:56 PM |
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The only question is how long and how deep it'll be. The hangover from 2013 was vastly longer than the spike. It was one month of madness that took three years to return to.
Nice description. I doubt the price will take too long to recover. December is quite special month for bitcoin, we used to see a positive trending and people used to buy BTC. |
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Rozita
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November 17, 2018, 09:32:21 PM |
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There is no big difference between this year and the past year. But in the past year, even if there was a bad news, the price was rising. In this year, no good news can increase the price.
So, there is no doubt it's a manipulation in price.
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minersday
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November 17, 2018, 10:18:23 PM |
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While some of us are aware that BItcoin suddenly took a huge dip from a stable $6400 to a shocking $5400 dip late this week. A total opposite of what had transpired last year of fourth quarter where bitcoin skyrocketted its value to almost $18000. Many are left wondering what is happening to bitcoin or will it be the end for the coinn what do you think about the current situation?
Yeah it was pretty shocking when that happen, i was kinda surprised to see that it was dumped by more than a thousand dollars on a single day but i am still positive regarding this, if it goes a little bit lower i am going to keep increasing my holdings of bitcoin, and maybe some altcoins too |
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gentlemand
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Welt Am Draht
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November 17, 2018, 10:56:25 PM |
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Nice description.
I doubt the price will take too long to recover. December is quite special month for bitcoin, we used to see a positive trending and people used to buy BTC.
Err, November is sexytime normally, preceded by stirrings in October. Nothing happened in October. Nothing but falls have happened so far this month. This December isn't looking too hot right now. I think it's lining us up for a proper seeing to early next year and maybe then it'll be time to start building something. |
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