Quote from: choppork on December 25, 2016, 11:25:41 AM

Quote from: StarofBTC on December 25, 2016, 08:05:24 AM

Quote from: vodaljepa on September 29, 2016, 11:07:24 AM

What would you do?

Bitcoin can’t die in one day, the price is so high right now and it keeps on going up that only means that bitcoin is becoming stronger than ever and nothing can’t stop it , even if governments ban it will still exists, but if by anything the bitcoin’s price stops going down so fast , people will start panicking and sell all their bitcoin until nothing is left.

Woah. I think you're fantasizing/overthinking things. Bitcoin's price increasing a lot is not necessarily a sign that it's becoming stronger and nothing can stop it. It can be a sign that some whale/s is/are doing a pump and dump. We've been on 900+ in the past days and we're back to 850. That's a clear sign of pump and dump. Even though people start panic selling now that the price of bitcoin is going down, I don't think it will continue until nothing is left because not every single bitcoin user would sell all their coins. Whales wouldn't let their investment die like that. They're willing to invest even more to fight the dump just in case there's a massive one going on.

It is too early to tell, by any means

We should wait at least a few days till we can arrive at any plausible and viable conclusion. We are in the middle of a correction now, though it is still a far cry from panic selling. Basically, price went down 70 dollars from the previous rally of 150 dollars that got the price above $900 within a couple of days. Right now Bitcoin is rising again, so there is no reason to claim that it was a typical pump and dump business. Many folks are obviously fixing profits but so far demand still looks pretty impressive