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Is bitcoin officially in Freefall?

Discussion in 'CryptoCurrency' started by Mr Spectre, Sep 13, 2017.

  1. Mr Spectre

    Mr Spectre Regular Member

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    Hi Guys,

    i believe that the time to earn from BTC investment is long gone so we must better look up to other small alt-coins whatever they may be. Now in most exchanges Altcoins are traded for BTC and their value also changes when BTC price fluctuates (i am talking about their Dollar value) so i dont want BTC to go down.
    But i am hearing that BTC is gonna fall to 2,000-2,500 USD in the coming days? What is your take on this?
     
  2. darkfantasy09

    darkfantasy09 BANNED BANNED

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    Also want to know about it.
     
  3. LukaB

    LukaB Jr. Executive VIP Jr. VIP

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    1) China banned BTC
    2) Litecoin Founder tweeted the China ban on BTC
    3) JP.Morgan CEO says Bitcoin is fraud (yet he filed a patent for similar tech to BTC lol).

    BTC will survive. There are ups and downs, and China was just one player out of many in the BTC market.


    CryptoCurrencies are still healthy and will continue to be so. People are panic selling, and this is the best time to buy.

    [​IMG]
     
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  4. Xr0x

    Xr0x Jr. VIP Jr. VIP

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    Alot is happening , but I think that its NOT the time to sell , Its time to buy :)
     
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  5. MisterF

    MisterF Jr. VIP Jr. VIP

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    Or if you're confident it's going to fall wait till it does fall, then buy when it bottoms out.
     
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  6. pressrelease

    pressrelease Power Member

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    new toy in town is decentralized currency funded by Google itself, its still going for peanuts.
    forget bitcoins.
     
  7. Sherb

    Sherb Jr. Executive VIP Jr. VIP

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    IMO if you are just piddling around with small change in crypto, by all means hold onto it. But if you've got big money in there, already made a profit, and were holding because you think you have a change at an even higher profit margin, sell that shit ASAP.

    If you don't think China and Dimon have pull in the finance world, you're dreaming. And if you don't think Bitcoin related issues trickle down to all altcoins, you are also dreaming.

    Source: I'm on my fifth watch of Big Short, and I'm a student currently working towards a degree in basketball.

    EDIT:

    You really don't think losing almost 20% of value in under a week isn't a fall? For literally the most stable coin? Okay.
     
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    Last edited: Sep 13, 2017
  8. pratiksaha

    pratiksaha Junior Member

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    first of all 2500 isnt fall it was at this price and lower for all last year and its pumped up after fork insane high now so if it lower its not tragedy
     
  9. davids355

    davids355 Moderator-In-Training Jr. VIP

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    I'm holding on for a miracle :)
     
  10. Kode

    Kode Junior Member

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    I would just buy more bitcoin, but wait till it falls more.
     
  11. btte77

    btte77 Newbie

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    3000 to one btc is a lot.
     
  12. LukaB

    LukaB Jr. Executive VIP Jr. VIP

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    I believe BTC will be a 5 figure coin, possibly a 6 figure coin.

    Many other alternatives you can invest in such as Ethereum (which has brilliant technology).
     
  13. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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    I am thinking about buying a rig and you are posting such news.
     
  14. tb303

    tb303 Senior Member

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    panic in january 31% drop
    panic in march 30% drop
    panic in june 35% drop for a shitty month
    september fud war %25 drop so far

    numbers are apx just me quickly measuring on coinigy but it means not worried just yet.

    Must be pretty shitty for people getting into this recently though.
     
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  15. LukaB

    LukaB Jr. Executive VIP Jr. VIP

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    Perspective.

    [​IMG]
     
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  16. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    It still above $1000
    Still above $2000 (already insane)
    Still above $3000
    Randomly hit $4000 (mega insane).

    I sold my btc at $2.1K in June.

    And today SEPT the price is $3.8K. Still insane.
     
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  17. IAmNotLegend

    IAmNotLegend Jr. VIP Jr. VIP

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    It's all speculation.

    All that China BTC ban and exchange ban were rumours.

    The tweet from LTC owner was a false news, he later tweeted that after market crashed within 15 minutes of his tweet.

    Right now, every country is vested into crptocurrencies. BRICS summit recently help passed a resolution to look into crypto as a currency (China, Russia and India are part of it).

    Also, BTC won't just fall to $2000. There are resistances at different levels or prices. So, to reach the level of $2000 it will have to break through all those. The current resistance is at $3600, then $3200 and so on.

    It might dip to a level of $3200 at max, and then rebound back to a higher level of over $5k after this.

    Same is with ETH. It will fall to a level of $233 or so, and rebound back to it's all time high. It's a pattern and this happens each time such a dip occurs.

    So, this is not a time to panic, rather it is a chance to invest more into it, since all altcoins will be down.

    Watch this -

     
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  18. tb303

    tb303 Senior Member

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    Yep, still up nearly 400% from the Jan dump. We not done yet.
     
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  19. iPinner

    iPinner Supreme Member Premium Member

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    So I open a thread like this, then close the tab and don't get back that day again.
    Based on what? Feel in your stomach? Some guru friend you're betting your money on? What if it suddenly rebounces overnight to ATH if some positive new comes? We're going to make a new thread how's BTC exploding and how we love it?

    First thing you should do - don't predict the market. Invest only if you believe in the technology, invest the money you can lose and don't feel about it, read the whitepapers, read a lot, read everyday then make your investments and get back to your daily life and let the coin breath.
     
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    Last edited: Sep 13, 2017
  20. tb303

    tb303 Senior Member

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    And note it was uploaded 2014.