Topic: 420 - page 3. (Read 3218 times)
that is just how bitcoin price works, it looks to me like a small pump in the market just to make a chance for daily trading bitcoin and make a quick profit out of the change. the market has been getting so boring lately so the change was expected, which way was the question that happened to be up
probably but if all the action shows when the halving does come.
it`ll be worth the wait? or maybe not.. lol. who knows.. I really hope the price does go up w. the halving though..
that is just how bitcoin price works, it looks to me like a small pump in the market just to make a chance for daily trading bitcoin and make a quick profit out of the change. the market has been getting so boring lately so the change was expected, which way was the question that happened to be up
It is probably long and short positions being canceled and opened and on the way down stop loss that are being triggered.
Speculators bought anticipating a rise further towards 450, but when stuff started slowing down, slowly stop loss were hit causing a cascade back to support levels again.
I wouldn't worry too much about it, it is just part of bitcoin that the price moves in both directions heavily.
Speculators bought anticipating a rise further towards 450, but when stuff started slowing down, slowly stop loss were hit causing a cascade back to support levels again.
I wouldn't worry too much about it, it is just part of bitcoin that the price moves in both directions heavily.
In regards to the drop, it's pretty much in the normal range of up to $10-$15 that usually goes up and down on value scale. Those who bought it in it's peak recently, will just have to wait a little longer before they would be able to sell them for a profit that surely within the next few months will be meet.
The price is determined the same way everything else is determined. Supply and demand but mainly buyers and sellers.
There will always be more buyers than sellers and vice versa. This will change very often causing the many fluctuations we see on a daily basis.
While many people may have bought at $431 and are probably not too happy for this mini drop to $420, you must expect this behaviour in the market. An investment at $431 was actually very smart seeing as how halving will come and, as the law of supply and demand states, the price of Bitcoin will go up seeing as how the supply will go down.
This was just another fluctuation. Luckily, with Bitcoin, there's always some good news to turn the markets around. And not to mention the currency isn't being rigged by any central authority.
There will always be more buyers than sellers and vice versa. This will change very often causing the many fluctuations we see on a daily basis.
While many people may have bought at $431 and are probably not too happy for this mini drop to $420, you must expect this behaviour in the market. An investment at $431 was actually very smart seeing as how halving will come and, as the law of supply and demand states, the price of Bitcoin will go up seeing as how the supply will go down.
This was just another fluctuation. Luckily, with Bitcoin, there's always some good news to turn the markets around. And not to mention the currency isn't being rigged by any central authority.
Eh, not much going on with the price--this is all just random fluctuations and we've been kinda stuck in a little range for a while now. I'm wondering if the halvening is actually going to bring speculators into the market. Maybe we'll actually see some significant price swings.
Or maybe it's time to smoke some pot.
Or maybe it's time to smoke some pot.
[img ]http://i.imgur.com/QoBpnmZ.jpg[/img]
we dropped down guys, what does this mean after all the buying up to $431?
we dropped down guys, what does this mean after all the buying up to $431?
Don't rush! Unless there is a movement of +- 50 USD i would call a drop or an increase. +-$10 is normal now for bitcoin and if it stay at the same level within few days that would be unusual
. But in case you invested thousands of dollars and expect fast profit then this is another thing. 
[I m g]http://i.imgur.com/QoBpnmZ.jpg[/img]
we dropped down guys, what does this mean after all the buying up to $431?
we dropped down guys, what does this mean after all the buying up to $431?
it means that market is not yet ready for the big rise and traders want more time to accumulate at lower prices before the big rise.
this small rise was just an opportunity to earn some more cash to be able to buy even more bitcoin before it is too late.
It's normal to see the price go up some dollars and go down some dollars. I find it quite weird that when the price goes up a few dollars, people don't pay much attention to that, but when the price goes down a few dollars, then people seem to get worried.
I find it strange we nearly did a full retrace of the move up to $431 be interesting to see if we go back to $415 or retest $431 in the next 72 hours.
I think we will most likely go back to somewhere around $410 the coming days. We have seen this happen several times already, and I think it will happen again. There is not much that will push the price further than the current price levels.
It's nothing big. As long as we are not falling from the $400 line I guess we are all good.
In case you didn't notice we're having quite some difficulty staying above 400. We've seen similar patterns before and it only ended in a 50% reduction of value. The same we can expect now, possibly even more with the halving-scam going on.
in case you didn't notice, we have been staying above $400 easily for a very long time (more than 4 months) if you exclude the FUD period spread by M.Hearn you will see that >$400 is here to stay.
The jump on sunday showed no support so a fall back was expected to happen.
We were down to 406 are back up to 413/414.
Let's see how things will develop the next few hours.I believe we will see some sideways movement in a range of 410-425 the next weeks.
Still too early for a halving hype.
We were down to 406 are back up to 413/414.
Let's see how things will develop the next few hours.I believe we will see some sideways movement in a range of 410-425 the next weeks.
Still too early for a halving hype.
Been busy this few days. Did not know that Bitcoin price reached the 430 range a few days ago (or maybe yesterday?). The highest I see during this few days was 420 range. Well, I think that the price goes up to 420 range because of Easter Day. And some hype made it go even higher to the 430 range.
Like 2015 Black Friday, the price come back to the stable 410 range again.
.
Like 2015 Black Friday, the price come back to the stable 410 range again.
.
Just short sighted idiots trying to short instead of buying and holding, specially stupid to short now that the halving is getting closer by the day. What can I say? let them burn, they will want to commit suicide once they realize they could have made more money by simply buying and holding in a month or two.
It's nothing big. As long as we are not falling from the $400 line I guess we are all good.
In case you didn't notice we're having quite some difficulty staying above 400. We've seen similar patterns before and it only ended in a 50% reduction of value. The same we can expect now, possibly even more with the halving-scam going on.
As regards the halving its difficult to see why its a scam, how do you mean? we can see using math the miners wages will drop yet they will be left invested in bitcoin. The community will be more incentivised to see higher prices than before the halving.
In case you didn't notice we're having quite some difficulty staying above 400. We've seen similar patterns before and it only ended in a 50% reduction of value. The same we can expect now, possibly even more with the halving-scam going on.
what difficulties? we've only went below $400 once for a very short time ever since the price touched the $400 mark. afaict the price have been hovering above $410.
It's nothing big. As long as we are not falling from the $400 line I guess we are all good.
In case you didn't notice we're having quite some difficulty staying above 400. We've seen similar patterns before and it only ended in a 50% reduction of value. The same we can expect now, possibly even more with the halving-scam going on.
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