Bitcoin loses over $1000 in value, who's to blame?
After a Dramatic rise in value in the past 30 days, Bitcoin's price has gone under and a major correction as it seems dropped from A whopping $7,500 to $6,388. by the looks of it, it does not seem like it will stop any time soon.
To my surprise this morning I noticed bitcoin's price which was very much a scare to be honest. It does not look like it is done going down, It might just be a whole market correction or is there something else going on?
Segwit2x cancellation
That just might be the cause of the drop. The price of BTC did rise drastically in the past weeks do to the massive buy orders just to get some free Segwit coins. Which was later announced cancelled.
Losing over $1000 is a massive lose to who ever bought at the highest point which seemed to be $7,800
Could the price of bitcoin have to do with something much darker, something we all anarchists fear?
What are your thoughts on the massive price drop?
Segwit2x cancellation has caused a sudden drop in price and still it is ging down and BTC cash is going up. Nice post @zeartul
Just wish alts would go up again i believe that they will soon enough
I see this as an another great opportunity to buy some cheap Bitcoins...price will be bullish again very soon.
I setup a weekly autobuy for BTC now that this has happened. I've been thinking about doing it for a while but this seemed like a good time to do it during the temporary dip.
i think you are right.
I think it'll go down to the $5000-$6000 range before we see an increase again
This is collusion on the big blocker side. They're pumping up the price of BCH as much as they can, then they'll sell it all off and switch back to BTC and cause a spike there to earn a profit. Ride the wave.
As some believe that a few Bitcoin whales invested a little in Bitcoin cash.
Causing people to panic buy bitcoin cash
Good analisys of bitcoin the segwit2x maybe a boom for growing of bitcoin
yes
Very informative post!
The SegWit2x failed fork pushed the price of BTC into a downtrend market but in addition to that, the BCH is having an uptrend market thanks to the fork that is having November 13th.
You're right. I think after the work it'll go back down.
Exactly, well the market fluctuation depends on too much variables so we don't know exactly what is going to happen but that is my expectation.
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Bitcoin was overbought before due to the fork now everybody is selling their btc due to no fork hence it's dropping
And which is the real bitcoin?
I have been waiting for 2 transactions to clear on the Bitcoin network for over 24 hours now. This isn't the first time that I've seen it be this slow, but this time, something feels really, really fishy. I've heard that Bitmain stands to make a killing if Bitcoin Cash goes to the moon. I have a feeling Bitmain is taking it's hash power and putting it into Bitcoin Cash(While also spamming the Bitcoin network with transactions further bogging btc down)
This is just speculation, but I can't shake the feeling that this is what's happening.