45% drop - this is new territory, never seen before - page 4.

coinplus

legendary

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Quote from: emuLOAD on December 22, 2017, 12:41:38 PM

a few _days_ ago it gre by 1000$ in some 2 minutes. 120 seconds. Is it _really_ unseen territory?

Also, I recall a 50-some% drop smetime in 2011... guess most people don't go that far back?

Oh, not to mention the collapse in 2013?

I really wonder. I guess he is new and I am sure he did not really do much research. This is normal, it was expected and we have seen it before after a high level of insanity by the bulls. There is always a time for everything and for everyone. A time for the bulls and a time for the bears, a time for ATHs and a time for dip. It is all the way the market is fashioned and it is good we are having this now as we really need some huge level of sanity.

BTC is having insane increase within minutes and everyone was happy busy seeing huge profits and no one bothered to talk about that insane increase and why it is not cool but now we have some few drops in percentage and we are seeing new territory ? lol. You have not really seen anything bro, welcome to the world of new territories if that is what you want to call it.

pixie85

hero member

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Quote from: Slow death on December 22, 2017, 04:41:45 PM

Quote from: Anti-Cen on December 22, 2017, 02:17:23 PM

We are being ripped off and BTC is not moving in the direction that it was designed to move.

Who is stealing us and what direction should Bitcoin take?

Don't you know? Them! Those people who control the price. They made us buy, hyped it all, pumped the price with their billions and now took it all out!
They have manipulated us and are now rich and we are poor!

Dreamr

member

Activity: 263

Merit: 10

Quote from: emuLOAD on December 22, 2017, 12:41:38 PM

a few _days_ ago it gre by 1000$ in some 2 minutes. 120 seconds. Is it _really_ unseen territory?

Also, I recall a 50-some% drop smetime in 2011... guess most people don't go that far back?

Oh, not to mention the collapse in 2013?

Only newbies with no bitcoin history will be shouting about the "Christmas Crash" - What is happening right now is as a result of what is called the market correction, and very soon the bitcoin will recover. therefore, i see no reason for shouting about anything.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: freightjoe on December 22, 2017, 12:38:30 PM

In less than 100 hours the price dropped from 19.700$ to 10.890$. That is a 45% drop.

There has never been a drop like this in such short time in the full history of Bitcoin.

Ever.

"volatility is normal in crypto" I hear many say. But not like what we see today. We have never ever seen anything like this.

Such a big drop in the price of bitcoin as this is something scary, imagine the people who are entering the world of bitcoin early, those people with the highest expectations buy bitcoin at a price of $17000 and in less than a week the price drops for $12000, how should these people be feeling? disappointed, I expect the price to recover in the coming months.

Quote from: Anti-Cen on December 22, 2017, 02:17:23 PM

We are being ripped off and BTC is not moving in the direction that it was designed to move.

Who is stealing us and what direction should Bitcoin take?

Biodom

legendary

Activity: 3738

Merit: 3848

OP posts the same on multiple boards.

A Simple retort:

https://www.investing.com/currencies/btc-usd-historical-data

Example: $230 to $93 between April 9 and April 13, 2013. Less than 100hr, about 60% decline.

Case closed.
To OP: You need to stop spouting this as other people already pointed you in the right direction.
If you continue, than malicious agenda is a likely explanation.

ayeshakakolly

newbie

Activity: 19

Merit: 0

i think it will recover after crishmash. So don't worry.

darkangel11

legendary

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Don't let others control your BTC -> self custody

Quote from: freightjoe on December 22, 2017, 12:38:30 PM

There has never been a drop like this in such short time in the full history of Bitcoin.

Ever.

2013 - 1200USD, there hasn't been a rise like this, ever!
2014 - Gox dead, there hasn't been a scam like this, ever!
2014 - we're at 100 USD there hasn't been a drop like this, ever!
2017 - June $3000, there's never been a rise like this, ever, it's a bubble!
2017 - September $5000 it's a bubble, it's going to correct!
2017 - November $7000 all newbies start to go in. Money money! We'll be millionaires! $_$
2017 - December $13000 "my friend bought w weeks ago and now he's $6000 richer, quick woman, pack your shit we're selling the house!"

I will never put my money in bitcoin, EVER. Bitcoin stinks! Wink

NiceSoft12

sr. member

Activity: 433

Merit: 251

Yeah, Bitcoin is entering a long long bear market again. The patterns are all there.

Remember leading up to the previous bubble that lead btc from $100 to $1200? It was all predicated on good news such as BTC mutual funds, Winklevoss Exchanges, etc.

When the good news actually came to fruition, the price just started crashing and BTC entered a long long bear market.

The exact same pattern is happening right now in every way. The Japanese exchanges are like the new Chinese exchanges, which reached a ATH before other exchanges, a nonchalant bad news was just the tipping point, etc.

Carbon copy of the last crash....

Wilhelm

legendary

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Sit back and enjoy the ride ....

malikusama

copper member

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Nothing new in the bitcoin price chart we have seen this couple of times before, if you enjoyed a 2000% increase in a single year then why complaining for this dip which is just temporary. Don't panic like beginners, wait for the upcoming fork and get ready for another ATH soon. Mark my words.

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

Quote from: Dudeperfect on December 22, 2017, 01:20:30 PM

Anything below 50% is normal in my honest opinion and nothing to worry at this stage. However, I do believe that the correction will help Bitcoin to stabilize itself and grow in the long run at a sustainable rate. We have seen almost 1,000% growth in last 6 months and why we are worrying about 45% drop? Things are moving in right direction and correction was essential at this stage so enjoy the situation.

No things are not moving in the right direction as you put it and transactions fees are just crazy, Coinbase poor exchange rates ignored whilst price was going up
and the network is far too slow plus some are saying that the Lightning Network sticking plaster won't hold and is too little and too late anyway.

See the history of IBM and computers because BTC is about the same so yes it might be around for a long time, profit will be made
but it's no Intel, Microsoft or Google and tell me who is investigating the price rise in fees or is that not possible in a decentralized system

We are being ripped off and BTC is not moving in the direction that it was designed to move.

freightjoe

full member

Activity: 238

Merit: 109

Quote from: Crypto Capital on December 22, 2017, 01:52:11 PM

I'd say it's more than reasonable to expect that an unprecedented rate of growth would be followed by an unprecedented correction. You're forgetting that some of the growth we've seen in the past month was also "never seen before". Wish I could have called the top better but I bought back at 11k. The fundamentals are trash right now with the fees and slow speed I'll admit but I think it's easy to underestimate just how retarded a person can be.

Actually it is not reasonable at all.

In a market with investors who know that they are doing, it is very unusual for the price to overshoot this much and then see such a massive correction. The logical conclusion is that a large number of Bitcoin "investors" have absolutely no clue what they are doing.

It is the good old rule that when your local taxi driver starts to give you investment advice it is time to pull out, as the market price is now controlled purely by dumb money

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

Well it's at £10,007 so I think a digit is about to drop of the end in terms of GBP and yes I know we are talking Tulips here
even if many of you don't want to hear it but even they had up and down weeks in 1625-35 before it well and truly went bang and
just to settle your nerves I think we are from this being the big one.

Do not feed the miners or Coinbase, stand your ground and only top up if you can afford to gamble and remember

When the fun stops, Stop Grin

Crypto Capital

member

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🔥3.5% a Month🔥Loans bit.ly/2JRWesw

I'd say it's more than reasonable to expect that an unprecedented rate of growth would be followed by an unprecedented correction. You're forgetting that some of the growth we've seen in the past month was also "never seen before". Wish I could have called the top better but I bought back at 11k. The fundamentals are trash right now with the fees and slow speed I'll admit but I think it's easy to underestimate just how retarded a person can be.

Wilhelm

legendary

Activity: 1652

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Quote from: freightjoe on December 22, 2017, 01:34:27 PM

Quote from: Wilhelm on December 22, 2017, 01:31:41 PM

I believe it went from $100 to $2 once ... that would be a 5000% drop

A 100% drop means you go to zero. Clearly you have no idea of mathematics. But seems pretty symptomatic of the level of understanding many so-called Bitoin "investors" in here have.....

Good one ... You got me on the math there. Not used to calculating decrease in percentage Tongue

98% decrease

gentlemand

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Welt Am Draht

Quote from: Wilhelm on December 22, 2017, 01:31:41 PM

+1

I believe it went from $100 to $2 once ... that would be a 5000% drop

$32 to $2. And it took about 18 months to go back over that too. We might be in for a wait until 2020 until there's a proper bull run again but there might be flashes of it in the meantime. There could be several near flippenings too as alts go off and do their own thing. I hope people finally figure out that they don't have the same aims.

I think it's better that the spotlight turns off and some actual upgrades happen between now and then.

freightjoe

full member

Activity: 238

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Quote from: Wilhelm on December 22, 2017, 01:31:41 PM

I believe it went from $100 to $2 once ... that would be a 5000% drop

A 100% drop means you go to zero. Clearly you have no idea of mathematics. But seems pretty symptomatic of the level of understanding many so-called Bitoin "investors" in here have.....

emuLOAD

sr. member

Activity: 328

Merit: 252

no offence but... you can't actually drop more than 100% in a 0-minimum system

Wilhelm

legendary

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Quote from: emuLOAD on December 22, 2017, 12:41:38 PM

a few _days_ ago it gre by 1000$ in some 2 minutes. 120 seconds. Is it _really_ unseen territory?

Also, I recall a 50-some% drop smetime in 2011... guess most people don't go that far back?

Oh, not to mention the collapse in 2013?

+1

I believe it went from $100 to $2 once ... that would be a 5000% drop

talks_cheep

legendary

Activity: 1036

Merit: 1000

45% is nothing new in bitcoinland. Try 90% loss, and yet again it's nothing new, although I don't think it will go as low as 90% loss this time. Probably around 80% loss is my best guess. The real question is how long will it take and when does it start to recover.

Topic: 45% drop - this is new territory, never seen before - page 4. (Read 964 times)