There have been a big drop for BTC today and i am in shocked because it is very unusual to see Bitcoin dropping from its current surge of market value.
image sourceSo i did check some information to why is that BTC has dropped that much because it is very unusual , so i think that there is something behind the sudden dropped.
I have read from a news online http://business.inquirer.net citing the news that the co-owner of Bitcoin.com website have sold all of his bitcoin for he thinks that it is very risky now.
And now he buy some Bitcoin Cash (BCH) instead , because he thinks that it Bitcoin has an old network and that he will consider Bitcoin Cash as the new one.
What would be your perspective to this one? will Bitcoin stopped from its surging into the market and then Bitcoin Cash will be the one dominate into the crypto currency industry.
I am hoping that both of them will have great market values in the future and none of them will dropped as we are experiencing today for Bitcoin.
Upvoted! That's the crypto Market for you. One day great gains next day time to HODL...LOL. That Coinbase/Gdax debacle was crazy though. Was selling at 9500 before gdax and Coinbase had to stop trading bch all together. It's been down for hours now! Was trying to trade and trading just stopped. Ugh.
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there had been a great possibility they put them on hold. let's wait until it will open again.. surely many will do the trading @rina.tours.world
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Did you guys see what happened to bitcoin cash at 4:30? It was released on Coinbase and went up from $3000 to $9000 in 2 hours and then they shut down trading. I feel dumb for not buying in. At the same time BTC dropped to $15k and has now stabilized back at $17k
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yes...@edicted , we don't know what will happen. but i think btc will be back soon.
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Usually everything drops with bitcoin though monero is going up steadily all the while.
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yes @charlesarthuriii, it seems monero is the unaffected but i have seen bitcoin is now recovering.
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Bitcoin futures market has downward trend so bitcoin will echo the futures market so has less value but I think other crypto's like Steemit are far better value and more useful.
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I think that also @housewhisper, i have best hope for both steem and steem dollar , their current value now is very realistic compare to what bitcoin's market value are now.
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That is a little scary since basically the whole market follows the major bitcoin trends...
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yes @bananaskin , it really sounds scary.
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Lets not forget that there are two BTC futures markets out there. Watch the futures markets and you can see the price projection for BTC.
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yes , @meyrep lets just continue to observe as for now and probably in the upcoming days it will back on its track.
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It's not good!
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yes it is not good and now it is still dropping @shahidshah
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Steem dollar is also dropping and now its 8$
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yes it is dropping also.. I don't know when will it stop.
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Let me know if the market is going to grow!
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