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Topic: Bitcoin Dumping!! - page 7. (Read 3045 times)

sr. member
Activity: 2212
Merit: 254
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November 30, 2017, 02:02:05 PM
#71
Bitcoin price dropped indeed, but it is not a massive dump! Bitcoin is already up @9600...
It was to expected after reaching the 10000 and 11000$ mark that a drop would happen.
full member
Activity: 233
Merit: 106
The Operating System for DAOs
November 30, 2017, 01:59:30 PM
#70
Why bitcoin price decreasing, now the price is $9,346.22 !! what is the causes of this dump ? Also all of alt coin dumped.

The cause is people taking profit and realizing how quickly bitcoin had shot up in a matter of weeks. Did you really expect it to go to 15k before it went under 10k? Common sense folks tells us markets must go down before going back up.
full member
Activity: 294
Merit: 100
Tokenize Fantasy Sports
November 30, 2017, 01:39:18 PM
#69
LOL. This drama has been played for hundreds times Smiley) Don't worry about it, there is always a dump after a big pump but the price of Bitcoin always rise back so you just need to hold your Bitcoin or buy some more if you want then wait until the price rise back to over 11k$ Smiley)
hero member
Activity: 490
Merit: 501
November 30, 2017, 01:34:38 PM
#68
Call it whatever name you can find and those who are already in Bitcoin for a long time would just be smiling. I am intrigued why there are still those who have not researched the ups and downs history of Bitcoin...there were times when Bitcoin made big crashes and yet it eventually recovered and grew. This is just a normal occurrence for Bitcoin...and corrections are also serving like a buffer zone so it can avoid popping. In other words, we should expect some dips much more after a very good bull run. If people can get tired and need to do some retreats, then so does Bitcoin. Let's give our beloved coin some time to gather much-needed energy and stamina for another big bull run going into the $15,000 mark if not this year then in 2018. Soon there would be some good news that can help prop the coin back into the action. Just relax, sip coffee and don't worry about the dip.
sr. member
Activity: 378
Merit: 250
November 30, 2017, 01:30:57 PM
#67
How is the current price of $9000 a dump? We were only at around $6000 a month ago from now. We just recently peaked at about $11,500 just days ago. A price correction was very expected. Do you really expect a certain cryptocurrency, stock, or asset in general to go up forever?

Sell now and buy 2, 3, 4, 5 times as many coins when its cheaper
The question is, will it go cheaper than it's current price? Nothing is guaranteed.

That is the problem with people when the price goes down for more than a thousand they will panic and say that there is a dump happening, they don't realize how fast the bitcoin reach that amount. Trading stocks are gaining an average of 12%-30% per YEAR and bitcoin gained more than 900% in less than a year so how can we say that the price is already dumping where in fact it never went back to it's price a year ago.

Most people are seeing bitcoin just as an investment and whenever the price is going down instead of hodling the coins and wait until the price recovers they would rather sell it to cut their losses, because of this practice bitcoin's price is getting too unstable. Just trust Bitcoin and see what will happen.
sr. member
Activity: 770
Merit: 254
November 30, 2017, 01:20:34 PM
#66
Why bitcoin price decreasing, now the price is $9,346.22 !! what is the causes of this dump ? Also all of alt coin dumped.
I haven't seen you asking this question when price literary jumped to 11000$, so why is this surprising you so much?
People buy and people sell. Price go up and price go down. What else?
full member
Activity: 238
Merit: 100
November 30, 2017, 01:18:09 PM
#65
we can not have all pumpings without any dumping
full member
Activity: 280
Merit: 102
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November 30, 2017, 01:12:58 PM
#64
I saw this morning a lot of sell-off on bitstamp, with sell orders BTC 150+
Seems some big fishes and institutional money took some profits.
It's natural behaviour on every liquid market, profit taking after some huge gains.
I see situation stabilization at Bitstamp at around 9700 and BTC is back in bullish mode.  Smiley
full member
Activity: 350
Merit: 100
November 30, 2017, 01:07:32 PM
#63
There is no fundamental news out there to justify the price drop. It is a normal correction that used to happen from time to time that hedge funds and many investors use to buy at these low levels that lead to stabilize the price again. you are going to see several drops of 20 - 30% from time to time. If you can not handle the heat, you should not stay in the kitchen.

well said, it's a normal thing that price may rise and fall from time to time. it's surely an investment feature, and potential investors must be mindful of it occurrence.
sr. member
Activity: 504
Merit: 251
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November 30, 2017, 01:04:41 PM
#62
I'm sure many will sell now and for many it will be good profit. Whether they are going to regret it is another story. For other people this could present a good opportunity to buy before it starts increasing again.
member
Activity: 86
Merit: 10
November 30, 2017, 12:56:43 PM
#61
History repeats itsself.. Its natural that after all this bull run we deserve a correction. People just need to calm down..
h55
member
Activity: 210
Merit: 11
November 30, 2017, 12:56:04 PM
#60
This is only correction. it can fall into 8500 i thinke, then can be growth more than 11000$
newbie
Activity: 32
Merit: 0
November 30, 2017, 12:52:36 PM
#59
If you look at the history there have been many corrections; usually they happen in cycles of ~60 days, with a smaller (but still significant) correction afterwards.

Soon enough we'll look back at this as just another small notch in the graph!
sr. member
Activity: 2016
Merit: 283
November 30, 2017, 12:28:38 PM
#58
Perhaps it will takes a dumps for a moment. Then surpass again and a make new correction like what happened before this is normal i think. I suggest  to relax guys dont eagerly sell maybe it will gain some strength to jump again and make a new record. Just hold back and drink some wine. Lol Because this scenario always occur so much better to wait instead of making some doubts and sell your coins right away.
full member
Activity: 560
Merit: 100
November 30, 2017, 12:27:46 PM
#57
Why bitcoin price decreasing, now the price is $9,346.22 !! what is the causes of this dump ? Also all of alt coin dumped.
it is dumping because of corrections, bitcoin has increased so high these passed few days that is why they are controlling the market value right now but it will recover, do not panic
I think it is also a result of the people who do dump very low for altcoin other. or maybe because the number of issues negative about bitcoin.
legendary
Activity: 1442
Merit: 1016
November 30, 2017, 12:22:03 PM
#56
Well, so far it's a 20% drop. We've seen 30-40% drops 4 times this year.
We may see another down leg. So another +30% correction still possible.
However I assume it's mostly profit taking. As soon as the NASDAQ news got released the price declined immediately. Probably some insiders did one last push to $11k and then decided to go for profits. Typical Wall Street behaviour.
Nothing to be worried about right now imo.
full member
Activity: 364
Merit: 100
November 30, 2017, 12:12:23 PM
#55
It is very common that after a very high increase is followed by a deep correction, let alone the end of bitcoin event this year, most investors will withdraw their money into real currency. Once all is stable then the bitcoin price will increase again along with the increasing market demand for it.
newbie
Activity: 82
Merit: 0
November 30, 2017, 11:39:46 AM
#54
It happened pretty quickly which was annoying, a correction was expected and is normal behaviour but it happened before I got the chance to get home and sell my coins! I was hoping to be able to buy back in and get myself a nice little extra chunk of bitcoin  Grin
full member
Activity: 168
Merit: 101
November 30, 2017, 11:36:01 AM
#53
I also think it is quite normal. Everybody now gets out a bit profit even if you cash out now! That's crazy 😬 Bitcoin rised so freaking fast and alot of people are crying haha but that fact is a month ago nobody of you believed to reach 10k this fast. And this was just too fast Cheesy
Bitcoin will fall now, till about 8k and then it will rise and maybe even reach 15k by end of this year if it gets again this much tempo Smiley so just be patience and buy now... It is a good time now
sr. member
Activity: 686
Merit: 257
November 30, 2017, 11:30:42 AM
#52
You can’t call this dumping. With the price rising at $1000 per day, a correction is prefectly fine. This is normal in trading.
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