Bitcoin Price Down

**Eric22174** · 09-15-17, 06:54 AM

Did my own research as I should've to begin with. Price is now below 3,000$. I won't be moving anything until this China BS is complete

**MeanPeopleSuck** · 09-15-17, 07:00 AM

Originally posted by Eric22174

I'm new to this. My funds dropped from 300$ to 256$ overnight. Then when I wire transferred it to my bank I was charged another fee which ultimately left me with 229$. Is this normal? I just moved 1000$ to block chain and it's pending.

Heh, you've picked an extremely unlucky day to begin using bitcoin. Bitcoin's crashing (it's always volatile, but not like THIS) because China looks like it might be banning it at the end of the month, which explains why your BTC's value fell from $300 to $256 overnight.

I'm not quite sure what you mean when you say "then [you] wire transferred it to your bank." Do you mean you transferred cash to your bank? Or maybe do you mean that you sent BTC not to a bank, but to an online wallet or a sportsbook? (Traditional commercial banks don't usually deal with bitcoin).

Also, on the $1000 you've moved to the blockchain, I'm guessing you mean that you've sent $1000 worth of bitcoin somewhere (maybe to an online wallet or to a sportsbook or an exchange?) and it's currently pending on the blockchain?

If yes, don't worry; your BTC's safe. The blockchain's suffering delays today owing to the panic/crash, but rest assured, your bitcoin's not "zorked," no matter how long it might take to get where it's going.

**Eric22174** · 09-15-17, 07:15 AM

Thank you for the indepth response. The 1.5 percent wire transfer from Coinbase to my financial institution i wasn't aware of so that answers my one question. But I transferred 1000 from Heritage to Block Chain and I was just concerned that it may lose value while waiting for confirmations?

**MeanPeopleSuck** · 09-15-17, 08:47 AM

Originally posted by Eric22174

Thank you for the indepth response. The 1.5 percent wire transfer from Coinbase to my financial institution i wasn't aware of so that answers my one question. But I transferred 1000 from Heritage to Block Chain and I was just concerned that it may lose value while waiting for confirmations?

Ah, my bad. You mean Blockchain the wallet, as in Blockchain.info, correct? Cool, cool. It's a little confusing because the blockchain is also the actual process by which bitcoin transactions get their confirmations.

Yes, while your transfer is pending you're subject to the price fluctuation of Bitcoin. If you're interested, here's the front lines in the Bitcoin price battle. You're hoping for it to rise while it's in transit: https://www.bitstamp.net/market/tradeview/

**Eric22174** · 09-15-17, 09:55 AM

Thank you very much.

**Otters27** · 09-15-17, 12:42 PM

How did I get in that Quote?

**Eric22174** · 09-15-17, 01:26 PM

What you talking about Willis?

**Optional** · 09-15-17, 01:46 PM

Originally posted by Otters27

How did I get in that Quote?

If you add the word 'you' surrounded by square brackets [ ] to a post then a logged in reader will see their name in place of 'you'

If [you] reply/quote this post of mine you will see the code in the text.

**Demonata** · 09-15-17, 01:54 PM

Originally posted by Optional

If you add the word 'you' surrounded by square brackets [ ] to a post then a logged in reader will see their name in place of 'you'

If [you] reply/quote this post of mine you will see the code in the text.

What did I do? Lol

**USCPHILLYGUY** · 09-15-17, 02:00 PM

I feel honored

**DiggityDaggityDo** · 09-15-17, 02:04 PM

Originally posted by Otters27

How did I get in that Quote?

Lol I was wondering the same thing.

**BeatTheJerk** · 09-15-17, 02:06 PM

Why is my name being tossed around like an adjective of some sort ? Lmfao wtf is going on here ....

**BeatTheJerk** · 09-15-17, 02:07 PM

Originally posted by Optional

If you add the word 'you' surrounded by square brackets [ ] to a post then a logged in reader will see their name in place of 'you'

If [you] reply/quote this post of mine you will see the code in the text.

Say what pal ? Lol

**DiggityDaggityDo** · 09-15-17, 02:07 PM

Originally posted by Optional

If you add the word 'you' surrounded by square brackets [ ] to a post then a logged in reader will see their name in place of 'you'

If [you] reply/quote this post of mine you will see the code in the text.

Opti does that work in the title as well?

**BeatTheJerk** · 09-15-17, 02:07 PM

Oh there it is !!!

**Optional** · 09-15-17, 02:11 PM

Originally posted by DiggityDaggityDo

Opti does that work in the title as well?

Oh Diggity you devious thing

Yes it does. Go get em and confuse the forum!

**DiggityDaggityDo** · 09-15-17, 02:13 PM

Originally posted by Optional

Oh Diggity you devious thing

Yes it does. Go get em and confuse the forum!

**DiggityDaggityDo** · 09-15-17, 02:18 PM

Well that didn't work out to well

**Eric22174** · 09-15-17, 02:20 PM

**KVB** · 09-15-17, 02:23 PM

Strange feature.

**Optional** · 09-15-17, 02:27 PM

Originally posted by DiggityDaggityDo

Well that didn't work out to well

Oh damn. It did used to work in thread titles too I thought.

It was damn confusing though so techs must have disabled it I guess

Trust you to jump straight to thinking that though! Knew just what you were planning to do lol

**Eric22174** · 09-15-17, 02:31 PM

I gone and done it now. Got everyone on another thread dying

**Eric22174** · 09-15-17, 02:52 PM

Now that's the turn in the market I like to see when I moved a thousand dollars. Made my funds back.

**KVB** · 09-15-17, 04:36 PM