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Why did Bitcoin Drop So Much?



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40 comments

  1. Gerry Mueller 12 January, 2018 at 20:39 Reply

    It seems to have coincided with Bitmain opening up another batch of Antminer S9, but nearly doubling the price, they only take BCC. Could be a mad rush to get BCC to buy miners?? I think it was sold out in less than a day.

  2. Loveme Tender 12 January, 2018 at 20:39 Reply

    It just means there's not much to make on bitcoin now so traders are shifting their money to alt-coin. Just like stocks… crypto is manipulated and you need to understand when to buy and when to sell. Understand the charts.

  3. Futurestar33 12 January, 2018 at 20:39 Reply

    The problem, which you mention at the end is that the "elite" or whatever you want to call them do not want the value of the dollar to be below bitcoin, but you are right Bitcoin already is greater than the value of the dollar and if the IRS and the Tax people don't consider Bitcoin, ethereum, verge a currency then we shouldn't have to list them on our taxes?

  4. Krystal 12 January, 2018 at 20:39 Reply

    What I don't understand is if you own and hold bitcoin to pay your bills how can you work out your budget from day to day with such extreme volatility of bitcoin. If you have enough to buy a new car today by next week you may only have enough to buy half a car. I don't see any other purpose for it other than speculation. If you make lots of money from this ponzi scheme then good luck to you.

  5. Guy Fawkes 12 January, 2018 at 20:39 Reply

    It autocorrected to prevent a bubble from crashing. Another reason why bitcoin is superior to any form of government, regulation, or banking system conceived to date.

  6. Hennie Thomad 12 January, 2018 at 20:39 Reply

    don't go looking for a monster under the bed do your homework first if you go have a look at every December it always has a drop this is dew to x mas and the holidays people take profits do go on holiday buy gifts and so on..

  7. neuspeed79 12 January, 2018 at 20:39 Reply

    BCH is not BTC’s little brother by any means. BCH was born because Bitcoin’s core dev team REFUSED to solve slow Tx and high Tx fees by increasing the blockchain size from 1 MB to 8 MB. Instead they introduced segwit but that hasn’t fixed anything. BCH is following Sakamoto’s vision, while Bitcoin is now driven by Block Stream, and Block Stream is owned by banksters. Bitcoin will be used to replace gold as storage value and no longer be user as currency. BCH will continue where bitcoin left off.

  8. J Vic 12 January, 2018 at 20:39 Reply

    Easy the millionaire are done with their cash grab. Once they figured out how to withdraw millions out at once they were golden. It was a transfer of wealth. Add all the billions lost to hackers and it crashes.

  9. TrapDios 12 January, 2018 at 20:39 Reply

    Practically everyone who knew what they were talking about predicted a correction before Christmas. Hopefully it can survive the holidays without too much bad press and start surging again in the New Year. I am going to buy within the next few days.

  10. Will Whitez 12 January, 2018 at 20:39 Reply

    I find it odd no crypto channels are talking about the global corruption national emergency executive order issued on 12-21-17……..Look at the months prior i suspect crooks of the highest cailiber were buying crypto to attempt to hide wealth from being seized.The day the news and it was official they went underground.

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