Topic: Another Crash ? (Read 2921 times)

Quote from: _nur on January 31, 2017, 07:00:20 PM

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

Bitcoin has been pumping for 2 days which rise from $900 to $960 right now and it seems more steady even if daily traders sell out their coins. They may loss because it will continue to increase until reach $1000 floor again. We have good news lately about US and China investors, hopefully it could last for months and more adopters/merchants join the market.

mundang

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Dont think about crash,cause it will only gives us problems on bitcoin. And besides that crash you are saying has been already ended.we might not see that crash this 2017. Hoping that bitcoin could go even further for a better price.

Sundark

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it will when it reach $1000

There is high possibility of Bitcoin pump happening right now. Price just crossed $965, the highest point since Chinese exchanges got regulated 2 weeks ago.
If bullish trend will continent we might see $1000 tomorrow, and maybe this time it will be more stable floor.

_nur

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it will when it reach $1000

Pab

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No bitcoin crash 960$ with very stable trading,on other hands we have very nervous stock and forex market
Investors are loocking for save heaven and there is no save heaven only swiss frank i stable and so much funny libertinian bitcoin and communist yuan

ivanst776

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Quote from: Tanic on January 31, 2017, 07:28:03 AM

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

If something unexpected happens to me and I'm forced to sell my bitcoins for emergencies only this could be one of the most common cases when I would sell the bitcoin.

Another one is that I think that selling <1,000 doesn't worth (at least to me) as I really hope that bitcoin has a greater potential and at 4 digits is just awesome.

ultimatesky

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SkyFall

I don't know where from such predictions come from. Bitcoin seems stable now with the price 930$ and I wouldn't call it's so bad. I would stay with bitcoin even in the case of fixed price. I would stop to worry about what kind the price will be tomorrow, I could make my money calmly. But I think it's just a moment for bitcoin of such price, it will continue to grow after some time. I'm sure.

Thing is, with bitcoin you never now what will happen or is going to happen.
I honestly feel the whales/ mining farms/ are taking bitcoin hostage every time.

Tanic

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I don't know where from such predictions come from. Bitcoin seems stable now with the price 930$ and I wouldn't call it's so bad. I would stay with bitcoin even in the case of fixed price. I would stop to worry about what kind the price will be tomorrow, I could make my money calmly. But I think it's just a moment for bitcoin of such price, it will continue to grow after some time. I'm sure.

pealr12

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No more crash that will happen this year. But be ready for a big jump on the price of bitcoin, the 1150 price this january is only the beginning ,you must wait for another pump. 1150$ is only appetizer, main course and dessert are heading on its way.

noormcs5

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I don't think that it is Crash, it is just up and down. Now you see bitcoin is going to up $934. So if bitcoin going to down than you couldn't use the word of Crash for bitcoin's price. It is crypto currency, all time it couldn't up, all crypto have a quality of up and down. When it up than gain profit and when it down than its mean buy the bitcoin in a low price.

1Referee

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Quote from: aardvark15 on January 29, 2017, 12:07:37 PM

The price will fluctuate some anyway and if there is any big stock market drop, that will also have an affect. Trump will probably affect the price some but we don't really know how much or in which direction.

At this point the stock market has no proven connection to the Bitcoin market. Institutional traders will rather pull out of stocks and just sit back and look how the market is doing, than to dive into Bitcoin with the result that the Bitcoin price goes up. If they plan to temporarily stall their money elsewhere, then there are other options with a whole lot less risk these traders can go to. So far the current price has been subject solely to Chinese traders that were enjoying their no fee platform. Interesting is how the price will behave in the coming months now it will turn out to be a costly practice to pump and dump the price.

marcoman22

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Its not a crash.if it was a crash, then bitcoin price would have rather fallen below $600 and it didnt happen. This situation has occured due to actions of PBOC. But you could have watched bitcoin fought back and now its price is around $912. Its now bull as per your words. We could see there were huge demand for bitcoin even when its price fell down to $750 which helped bitcoin price to recover.Hope for bitcoin market, here after there will be only bull and not at all bear.

Sundark

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Quote from: icecube45 on January 28, 2017, 05:26:34 AM

Trump will make a controversial policy on the economy, and it would make the economies of some countries is not stable and the stock price will often drop. It will make people began using bitcoin in the future, so it will affect the price of bitcoin. But indeed it does not affect the overall, but still will affect the price. The US is a very influential country in the world, a policy that made Trump will have an impact on other countries and will indirectly could affect the use bitcoin. I believe Trump will not make bitcoin price crash unless he restrict or prohibit the use bitcoin. The attitude from traders that will affect the price of bitcoin and other factors.

I doubt that Trump will do anything to harm dollar position as a hegemon of fiat it would only cause harm to US economy.
So if investors won't feel any imminent problems then they will continue to keep their fiat positions intact.
Until something really will happen this news about Trump remains standard speculation of pro-bitcoin agenda.

ArdiPrabowo

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Quote from: Nahl on January 29, 2017, 01:57:40 AM

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

bitcoin price after china exchanger can get new regulation , and every trade must use fee charge and without margin trading, this now volume china exchanger is low and standard another exchanger
this effect bitcoin price is stable rate in level 910 dollar, not crash in down price, and not incraese too

aardvark15

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The price will fluctuate some anyway and if there is any big stock market drop, that will also have an affect. Trump will probably affect the price some but we don't really know how much or in which direction.

icecube45

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Quote from: icecube45 on January 28, 2017, 05:26:34 AM

Quote from: BlockEye on January 20, 2017, 05:17:48 AM

Quote from: icecube45 on January 28, 2017, 05:26:34 AM

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations.

Not necessarily $ will affect BTC price bitcoin market value is not based on $. Maybe the effect is opposite to bitcoin price. I think bitcoin price will be dump because many whale will sell their BTC for cheap $ because this is a good opportunity to have a good profit. "Investong on dollars"

Trump will make a controversial policy on the economy, and it would make the economies of some countries is not stable and the stock price will often drop. It will make people began using bitcoin in the future, so it will affect the price of bitcoin. But indeed it does not affect the overall, but still will affect the price. The US is a very influential country in the world, a policy that made Trump will have an impact on other countries and will indirectly could affect the use bitcoin. I believe Trump will not make bitcoin price crash unless he restrict or prohibit the use bitcoin. The attitude from traders that will affect the price of bitcoin and other factors.

indeed some people already said just like you say when trump was already became the president this is could be good for the development of bitcoin but i think still too early to predict trump will bringing good influence for bitcoin because he policy was unpredictable and i fear all predict of people will wrong and he will make controversial decission for bitcoin which will have an effect for another crash

Yes you're right, Trump policy is very difficult to predict and at times he could make controversial policy that could harm bitcoin. I am also a little worried about it but I'm sure Trump will not make policies that harm bitcoin because he knows there is a great potential from bitcoin. So I still believe Trump policy will still be good for the price of bitcoin.

Nahl

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Quote from: BlockEye on January 20, 2017, 05:17:48 AM

Quote from: xIIImaL on January 26, 2017, 08:07:41 AM

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations.

Not necessarily $ will affect BTC price bitcoin market value is not based on $. Maybe the effect is opposite to bitcoin price. I think bitcoin price will be dump because many whale will sell their BTC for cheap $ because this is a good opportunity to have a good profit. "Investong on dollars"

Trump will make a controversial policy on the economy, and it would make the economies of some countries is not stable and the stock price will often drop. It will make people began using bitcoin in the future, so it will affect the price of bitcoin. But indeed it does not affect the overall, but still will affect the price. The US is a very influential country in the world, a policy that made Trump will have an impact on other countries and will indirectly could affect the use bitcoin. I believe Trump will not make bitcoin price crash unless he restrict or prohibit the use bitcoin. The attitude from traders that will affect the price of bitcoin and other factors.

indeed some people already said just like you say when trump was already became the president this is could be good for the development of bitcoin but i think still too early to predict trump will bringing good influence for bitcoin because he policy was unpredictable and i fear all predict of people will wrong and he will make controversial decission for bitcoin which will have an effect for another crash

warwar

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Quote from: Przemax on January 25, 2017, 02:42:33 PM

I dont think that the dollar will get stronger as the Trump would want to compete with China. The only way to compete with China is on their own terms what means devaluing your own currency.

But weaker dollar does not mean a stronger btc automaticly. What could make bitcoin strong is inflation of every of the world currency with silmuntanious stagnation of their relative price. If there are changes on the forex it works on btc disfavour as a speculation money sharks see the blood elsewhere

Already crash moved down and now again bitcoin value rising up. Today bitcoin price is 907$. There is reason to dollar to get increase as trump try to compete with china. Its all about economic status of the country and currency but bitcoin its all about supply and demand.

You are right bitcoin went up again after the drop last few weeks so now it is pumping! well we cant really assure that bitcoin wont drop again like this past few weeks because we cant control bitcoin others can do well one thing we can do is if it drops then we should buy

icecube45

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Quote from: BlockEye on January 20, 2017, 05:17:48 AM

Quote from: Przemax on January 25, 2017, 02:42:33 PM

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations.

Not necessarily $ will affect BTC price bitcoin market value is not based on $. Maybe the effect is opposite to bitcoin price. I think bitcoin price will be dump because many whale will sell their BTC for cheap $ because this is a good opportunity to have a good profit. "Investong on dollars"

Trump will make a controversial policy on the economy, and it would make the economies of some countries is not stable and the stock price will often drop. It will make people began using bitcoin in the future, so it will affect the price of bitcoin. But indeed it does not affect the overall, but still will affect the price. The US is a very influential country in the world, a policy that made Trump will have an impact on other countries and will indirectly could affect the use bitcoin. I believe Trump will not make bitcoin price crash unless he restrict or prohibit the use bitcoin. The attitude from traders that will affect the price of bitcoin and other factors.

xIIImaL

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I dont think that the dollar will get stronger as the Trump would want to compete with China. The only way to compete with China is on their own terms what means devaluing your own currency.

But weaker dollar does not mean a stronger btc automaticly. What could make bitcoin strong is inflation of every of the world currency with silmuntanious stagnation of their relative price. If there are changes on the forex it works on btc disfavour as a speculation money sharks see the blood elsewhere

Already crash moved down and now again bitcoin value rising up. Today bitcoin price is 907$. There is reason to dollar to get increase as trump try to compete with china. Its all about economic status of the country and currency but bitcoin its all about supply and demand.

CyberKuro

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Quote from: Glucose on January 18, 2017, 02:23:32 PM

Quote from: Przemax on January 25, 2017, 02:42:33 PM

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

Maybe it's going down but it's not crashing. Bitcoin was 500$ just a few month ago. We all have to take that into account. Bitcoin price has been going up for months and was going up way too fast. It's quite logical it will go down now for sometime before rallying again.

When bitcoin pump so fast, it definitely will going down hardly as we hit bear trap at $1100 and drop back to $720.
Well, it's already recover to $900 and seems persist on there, keep fluctuate but always come back to there.
Slowly increasing for now is better than nothing, too fast and it will drop again.
Whenever it going down, that's time to buy cheaper bitcoin before we're going beyond $1000 again, maybe in the next month.

ndrog

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I dont think that the dollar will get stronger as the Trump would want to compete with China. The only way to compete with China is on their own terms what means devaluing your own currency.

But weaker dollar does not mean a stronger btc automaticly. What could make bitcoin strong is inflation of every of the world currency with silmuntanious stagnation of their relative price. If there are changes on the forex it works on btc disfavour as a speculation money sharks see the blood elsewhere

I agree with your logic, bottom line is that it can go either way for BTC especially with the forex market. I am waiting to see a little bit more how the market will shift, now that the DOW has hit 20,000 (ATH), we shall see investors jumping on the equity bandwagon, since share prices will get more expensive and will be looking for quick gains.
Interesting market shifts lately....

Przemax

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I dont think that the dollar will get stronger as the Trump would want to compete with China. The only way to compete with China is on their own terms what means devaluing your own currency.

But weaker dollar does not mean a stronger btc automaticly. What could make bitcoin strong is inflation of every of the world currency with silmuntanious stagnation of their relative price. If there are changes on the forex it works on btc disfavour as a speculation money sharks see the blood elsewhere

ndrog

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You have many investors hedging on BTC against the dollar, so if the $ get stronger the money changers will act

TRF

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Quote from: BlockEye on January 20, 2017, 05:17:48 AM

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations.

Not necessarily $ will affect BTC price bitcoin market value is not based on $. Maybe the effect is opposite to bitcoin price. I think bitcoin price will be dump because many whale will sell their BTC for cheap $ because this is a good opportunity to have a good profit. "Investong on dollars"

So you think about a Whale reallocation from BTC to $? Mmmm... Not sure about because whale move at least on other crypto or to cash .

BlockEye

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I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations.

Not necessarily $ will affect BTC price bitcoin market value is not based on $. Maybe the effect is opposite to bitcoin price. I think bitcoin price will be dump because many whale will sell their BTC for cheap $ because this is a good opportunity to have a good profit. "Investong on dollars"

ndrog

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I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

Depending how it will affect the $ will also be indication of short term BTC fluctuations.

TRF

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Quote from: maku on January 19, 2017, 07:42:05 AM

I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

No, Trump will affect $, not BTC

ndrog

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I believe that we should first hear Trumps presidential inauguration speech and hopefully get a glimpse of the first set of executive orders that will be in effect. See how the markets react and take trade positions accordingly.

TRF

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Volatility goes down in last two days and price moved around 890 , so try to break 900.

Good to see.

xIIImaL

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It was small price drop, nothing major. There are zero technical indicators that suggest that we are losing ground here.
What is happening now: market is basically stalled waiting for Trump's inauguration and potential changes it will bring.
And we have still minor panic in China as traders wait for clarification that restricting BTC is now over.

I think you have see the price chart of the bitcoin from the last week. Price value gradually increasing in the chart. If possible try buy or hold your bitcoins. After trump's charge we can see value could move up.

ged00u

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Quote from: maku on January 19, 2017, 07:42:05 AM

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

Last week, Bitcoin prices were even lower than $800. I have just reached around $900 and you call it is another crash? Are you out of your mind? It is just a normal sight which means nothing to Bitcoin. Bitcoin will increase again dude. I can promise that. LOL. You are totally insane

lionheart78

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It was small price drop, nothing major. There are zero technical indicators that suggest that we are losing ground here.
What is happening now: market is basically stalled waiting for Trump's inauguration and potential changes it will bring.
And we have still minor panic in China as traders wait for clarification that restricting BTC is now over.

I agree, if we follow the chart from the beginning of 2016, this is just a small set back. A correction probably but this is no way a crash. This maybe due to the Chinese government getting strict to the Exchanges, but the price recovered and now stable at the current range. I hope that Trump's inauguration boost bitcoin price but I doubt if it ever have effect on Bitcoin so I guess I have to wait and see.

maku

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It was small price drop, nothing major. There are zero technical indicators that suggest that we are losing ground here.
What is happening now: market is basically stalled waiting for Trump's inauguration and potential changes it will bring.
And we have still minor panic in China as traders wait for clarification that restricting BTC is now over.

Babayega31

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Quote from: Taki on January 18, 2017, 04:19:09 PM

I think you are making panic without a reason. Bitcoin lost couple dollars and it's not some big deal. The same way you could make the same kind of panic if bitcoin would add couple of dollars

like: "people! Bitcoin added two dollars to it's price! It's going to fly to the sky!".

Yes these people were making rumors to make up the minds of those holding btc to have panic and if they succed to their hearsays which could confuse the minds of those holding big amounts of btc, most of them will do panic selling. For me I don't really believe that there is a big crash will come and as we knew many users and investors of bitcoin mostly believed that this is a sustainable currency. Good price always gives them a chance to grow and multiply their bitcoin holdings for better plans of investments.

carlisle1

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Quote from: bitbunnny on January 19, 2017, 06:12:25 AM

I wouldn't call this a crash at all, just normal and usual volatility. Probably the price will stay between 800$ and 900$ for a while and I don't consider that as a tragedy. In some period price will start to go up again and until then it is good chance to acumulate more coins.

i agree mate and besides its better to assume that the price can be the new barrier for the price like what happen after the halving 500-650$ then we see the real rise coming december so its better to accumulate and to keep holding for sure another rise will happen and we will enjoy our earnings from that day.

bitbunnny

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I wouldn't call this a crash at all, just normal and usual volatility. Probably the price will stay between 800$ and 900$ for a while and I don't consider that as a tragedy. In some period price will start to go up again and until then it is good chance to acumulate more coins.

BitcoinPanther

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Quote from: TRF on January 19, 2017, 03:25:22 AM

Quote from: lumeire on January 19, 2017, 03:21:16 AM

It's still playing just right below $900. Could be a good sign IMO.

Yes, a good sign if break 900$. Over this price i expect a test around 1000$ really soon. I repeat , i explained some key price. Traders don't need to see, or be happy, only if price goes up. Trading is for longer and for shorters

I agree shorter benefits from fluctuation while holders doesn't care lol. I think Bitcoin is holding it grounds now from $880 -$910, so we are waiting for another uptrend to $1k? Would it be possible this Chinese New Year? I hope so and eventually Bitcoin reach its new ATH.

ndrog

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Yes I agree. I am personally waiting for the next big BTC dip ''cycle'' to repeat in order to accumulate more and go long.
My only concern is for XMR's pattern and speculating potential dips to short.

Karpeles

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I don't care about short term micro crashes.

By September we will see the price at least 1.6x higher than the last high this month(around $1700/btc), if the pattern from 2015 and 2016 repeats again.
The dips are opportunities to short and get more coins until the big rise, nothing more.

ndrog

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If you consider this a crash, then you haven't lived true BTC ''crash'' in the past.
The imminent crash will occur in a month or 2 @ $500/600 range and hopefully get stabilized at new floor within the next months, with end goal reaching $2000 by end of 2017.
We have to keep in mind that when BTC has strong gains in any given time, means there is increased volatility and price correction is imminent. Eg. Stronger the gains the equivalent in price loss is expected. Crypto is a roller coaster ride, it's for strong stomachs.

TRF

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Quote from: lumeire on January 19, 2017, 03:21:16 AM

It's still playing just right below $900. Could be a good sign IMO.

Yes, a good sign if break 900$. Over this price i expect a test around 1000$ really soon. I repeat , i explained some key price. Traders don't need to see, or be happy, only if price goes up. Trading is for longer and for shorters

lumeire

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It's still playing just right below $900. Could be a good sign IMO.

Immakillya

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What crash? Its just starting to be normal. Thats not crashing, its just normal fluctuation. If you can see we are go up and down. Crashing is the continious falling of price. Thats a crash. Now we are stuck again to $880+. Seems people are getting more cautious to buy bitcoin. But we are lucky because it recovered again. From $750+ - $880+. Thats still a good price for me. PBoc just corrected the the price. Thats all. Bitcoin volume manipulation is true. Exchangers there was found violating law. Thats why the prices falls.

JohnUser

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Quote from: BitcoinNewsMagazine on January 18, 2017, 11:51:46 PM

Even at the Jan 11 low of $750 RSI did not drop below 30, and it should have. That worries me a bit, that there may be one more leg down to about $700. If you do see RSI under 30 on the daily chart that is almost always a low risk buy.

RSI was between 20-30 after the drop to $750 (pboc)

Now RSI is around 50 so.. just wait and see Wink

notme

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820 -> 920 -> 890 is a crash?

Please... crash some more.

BTCLovingDude

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BTC to the moon is inevitable...

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

your speculation is terrible because you are only seeing the dropping side and then making decision.
but price went up first to $900 and it was a test to see how strong buy support is, and it was also because people are accumulating bitcoin and now because shorters short price is being corrected.

we are still higher than the starting price!

and also going down from 900 to 850 doesn't mean going down will continue the same way going up from 800 to 900 didn't mean rise will continue

BitcoinNewsMagazine

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Even at the Jan 11 low of $750 RSI did not drop below 30, and it should have. That worries me a bit, that there may be one more leg down to about $700. If you do see RSI under 30 on the daily chart that is almost always a low risk buy.

mundang

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Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

Bitcoin entered 900$ again ,after being stable at 800$. Seems that 800$ will be the stable bottom this year,and bitcoin price can reached 2000$.all i know,this year is purely bullish.

Taki

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I think you are making panic without a reason. Bitcoin lost couple dollars and it's not some big deal. The same way you could make the same kind of panic if bitcoin would add couple of dollars

like: "people! Bitcoin added two dollars to it's price! It's going to fly to the sky!".

richardsNY

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You can't really consider this to be a crash. It's just the price trying to move between certain (more suitable) price levels. That's why I think that the price might drop even deeper in the coming days. My targets for now are pointed at $820-$830 in the coming 5-10 days. Everything above the $800 levels is still a fantastic price if you ask me.

Denker

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Quote from: Jhanzo on January 18, 2017, 02:25:53 PM

Well,

BTC hasn't hold 900$ . It's not a good for BTC holder , and a clear bear signal should came if price will go under 850. If so, we could expect a fist round near 820 and then a test at 800$ area. If doesn't hold 800$, we could see new montly low. Only after 900$ we could say that market trend is bull again.

This is what you call a crash?
Geez you still have much to learn it seems.
Check Bitcoin's past and you will know what a crash is.
A drop to lower 800s or even below that will mean mostly nothing!!
Bitcoin is still very tiny in it's marketcap and therefore is easy to play with by guys with deep pockets.
And this is what we are seing right now when you look on the short time frames.
On the long ones however, weekly and mothly, you'll see we are moving up since september 2015 with important corrections taking place regularly which prevent us from overheating and bubbling.

hase0278

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Maybe it's a crash but in my opinion it is too early to say that it is a crash already. Ill say it is a crash if it goes beyond 600$ but right now it is too early. This might be just a little correction happening right now and maybe in the next few days or weeks it will rise again. Sell now if you want but the best option now is to hold and wait what will happen since there is a chance for the pump to occur.

NUFCrichard

legendary

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You call that ~6% drop a crash? That happens every week.

No it doesn't, for years it hasn't happened often, it did happen lots during and after the last bubble and has happened in the last few weeks, otherwise it has actually been quite rare recently.

The big volume moves are all down at the moment, I am not optimistic of a quick rise back up to $1000.
I hope it settles down and starts a slow consistent rise again, like in November and December,

AjithBtc

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The ongoing price movement cannot be considered as a crash. It's been moving towards the increasing side with good potential.

TRF

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Quote from: Jhanzo on January 18, 2017, 02:25:53 PM

You call that ~6% drop a crash? That happens every week.

No, i don't call 6% drop. I wrote that if price don't hold 850$ it could go to test new low (so around 720-750) . And under 720 next support will be 500 Cool

Jhanzo

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Thank satoshi

You call that ~6% drop a crash? That happens every week.

Glucose

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