I made a quick pattern analysis and found these
Through 15 January 2017 and 15 November 2018 which makes 11 months, btc dropped from 12k to 6500.
Through 15 November and 15 December 2018 which is a month, it dropped from 6500 to 3100 ish that is a 50% correction.
Now lets come to today
through 20 June to 20 September in 3 months, 14k to 10k
so, this pattern, if applicable, a faster version of above, we may see a 50% correction again in 1/11 of the above
so, 3 ish months/11 is around 9 days. We may see a correction to 5k in 9 days. after this correction, we, again, might see a climb to higher than 14k.
surely there are other factors that should be checked but this is only for a same pattern.
Topic: Bitcoin fell again, what conspiracy? - page 3. (Read 735 times)
Read an article where people are attributing the downward spiral of Bitcoins to the fact that Facebook Libra decided to postpone it's launch and even Zuckerberg even said that the recent bull run of Bitcoins was because of the news that it was launching this year and I believe that this is logically a sane explanation.
For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.
Thats still a conspiracy,no one has proved it yet.Dump and pump always do happen unexpectedly in no particular pattern,so fall of price this 2 consecutive days is pretty normal i guess,theres no need to worry about a thing on that happening since were been experiencing that for many years now
i think we met to get much below by now but the market whales makes it pull up to that level and this is it has to do some correction instead of having real bull but we are in hand of another bear which was cause by manipulation.
Bitcoin price is at $10,000 for so long and there is no new news about bitcoin, so there is also no support for buyers to buy bitcoin more to build a new high price for bitcoin this year. Everyone is just waiting for something but there are no new comings. Maybe some others who hold their bitcoin for so long, sell some of their bitcoin because no improvement is happening.
there is no conspiracy in action, it is just momentum. the price broke the very strong buy support at $9k+ and has been going down because of that thanks to a lot of stop loss orders, panic sellers with weak hands, lots of shorts and like always some manipulation.
I hope this was the cause of a sudden fall in the price of the BTC this month. furthermore panic sellers are everywhere thankfully only a few of them sold their Bitcoins within these past days.
There is some rumor too that they panic because of that big amount of Bitcoins being move at once by some unknown address were in their opinion comes from big exchange and some people says it has nothing to do with the sudden drop.
But as long as those people saw the result with their own eyes they panic to sell their bitcoins which result in a big price drop this month.
No one knows if it gonna come back again to 10k+ or not.
I think one of the causes is the effect of trade war between China and America
and also the global economy is weak
and also the global economy is weak
dollar trade wars been going on for decades, centuries even, weak economy been going on since 2008... come on atleast try a bit better and stay relevant to this year
how about all those futures options that expired last year, people put into another yearly contract which they are now closing those contracts.(meaning something relevant to the last 12 months)
how about all those hashrate chatter causing people to panic because its not supporting a good bottom floor value line support(2 month floor puts btc at a ~$7k cost to mine).. in short the $10k price was inflated/bubble and not 'good value'
how about people now trying to register with brokers to use things like bakkt instead of buying direct thus less buyers and more sellers on the exchanges.
anyways. if you want to stick to the decade view of causes, here is the best one.
bitcoin has and will always be volatile like a stormy sea. with waves going up and down. dont expect a perpetual tidal wave growing constantly bigger and bigger. dont expect smooth sailing. always expect ups and downs
All of these factors you said are true. Volatility is the main problem of Bitcoin, so it is okay to see such a fall in a short period of time. The trade war also slightly affected the fall of Bitcoin. But, i have one question: Is this Bitcoin`s drop critical or not? As for me, it seems like the end of the bull market and the beginning of the bear market and Bitcoin will not be able to recover and get undressed to at least 10k now.
There are many threads here about the prediction. Check it out , you wont lose anything
I think one of the causes is the effect of trade war between China and America
and also the global economy is weak
and also the global economy is weak
dollar trade wars been going on for decades, centuries even, weak economy been going on since 2008... come on atleast try a bit better and stay relevant to this year
how about all those futures options that expired last year, people put into another yearly contract which they are now closing those contracts.(meaning something relevant to the last 12 months)
how about all those hashrate chatter causing people to panic because its not supporting a good bottom floor value line support(2 month floor puts btc at a ~$7k cost to mine).. in short the $10k price was inflated/bubble and not 'good value'
how about people now trying to register with brokers to use things like bakkt instead of buying direct thus less buyers and more sellers on the exchanges.
anyways. if you want to stick to the decade view of causes, here is the best one.
bitcoin has and will always be volatile like a stormy sea. with waves going up and down. dont expect a perpetual tidal wave growing constantly bigger and bigger. dont expect smooth sailing. always expect ups and downs
All of these factors you said are true. Volatility is the main problem of Bitcoin, so it is okay to see such a fall in a short period of time. The trade war also slightly affected the fall of Bitcoin. But, i have one question: Is this Bitcoin`s drop critical or not? As for me, it seems like the end of the bull market and the beginning of the bear market and Bitcoin will not be able to recover and get undressed to at least 10k now.
For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.
People say a lot when bitcoin drops. And it's a bit tiring to listen to what they have to say this time. Several factors may have caused the recent, i'd say minor, decline. It's happened before for some other reasons as well. But it's a process or a cycle. Everytime btc drops, there's recovery. So i don't worry myself anymore. Conspiracy or not, or whatever. I believe in bitcoin being a tool for the future.
It just feels like every movement in price of btc either up or down some people think there is a reason behind it,
yeah thats also what i observed . not only if the btc value dumps but also when the value of btc pumps , people will always research and make a a new thread about it . people are just curios and they want to stalk every moment that happen towards btc , nothing really wrong with that behavior .Quote
I haven't been in crypto for such a long time but am getting use to seeing how the market fluctuates at given intervals, while some are not happy to see this fall in price, others are happy to take advantage of it.
really ? with that ability of yours , you can open up a paid service about price prediction or you can just do it for free to help people to avoid doing mistakes . not all have the same minds , not all have the same goals , so its normal for one person to complain about the fall while the other person will still complain about how good the fall is . Bitcoin price movements are very difficult to predict. There are no definite positive and negative sentiments and can move prices. There is only demand and supply with limited supply.
So naturally there are only investors who can get rich overnight but the next day instead fall into poverty because of freefall prices.
So naturally there are only investors who can get rich overnight but the next day instead fall into poverty because of freefall prices.
But sometimes, I find bitcoin price predictable. Just that I didn't see this one coming. But I know that a lot of people out there knew it was gonna drop.
For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.
Please get me right; I'm not saying that retail investors are guilty about it. However, I believe that the fall *could be* caused by retail investors.
It just feels like every movement in price of btc either up or down some people think there is a reason behind it, I haven't been in crypto for such a long time but am getting use to seeing how the market fluctuates at given intervals, while some are not happy to see this fall in price, others are happy to take advantage of it.
Bitcoin price movements are very difficult to predict. There are no definite positive and negative sentiments and can move prices. There is only demand and supply with limited supply.
So naturally there are only investors who can get rich overnight but the next day instead fall into poverty because of freefall prices.
So naturally there are only investors who can get rich overnight but the next day instead fall into poverty because of freefall prices.
Every time btc's price fall it doesn't necessarily mean that there is a big thing behind it. C'mon guys, it's normal. If you think that market seems got a little bit steep downfall recently then it's maybe because of the elite whales, who knows? Don't believe so easily from those rumors/conspiracies/talksh*ts or whatever your term for it simply because their uncertainties — they are not considered as pure facts. Remember that not all of these news (even the good ones of course) could be manifested on the market.
Same concept when Bitcoin jumped so high there's also uncertain reason behind not because of any news that spread or rumors that being leaked, it must be judge according to how you believe and how will you adopt certain movements, bitcoin cycles and most of the time those who are not ready to suffer are the losers as they can't handle the pressure and lead them to sell out with loses being accepted. Think wider each time you lose your position and make sure to comes up with a much better plan before deciding. 
Every time btc's price fall it doesn't necessarily mean that there is a big thing behind it. C'mon guys, it's normal. If you think that market seems got a little bit steep downfall recently then it's maybe because of the elite whales, who knows? Don't believe so easily from those rumors/conspiracies/talksh*ts or whatever your term for it simply because their uncertainties — they are not considered as pure facts. Remember that not all of these news (even the good ones of course) could be manifested on the market.
For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.
Honestly, I am at loss on what could be the reason for this drop in the price, but everything is just speculation but it's always been a reminder to me how volatile is the market is, and if you invested what you can afford to lose then you can just sit tight and relax and get on with the thought that things will get better.
There are positives and negatives news hanging around, the best thing that you can do is to read it all as investors you have to live on speculations.
no wonder anymore. easy come easy go. and it has often happened and usually the price will rise again but do not know when. what many traders might do right now is, continue to buy at low prices and be active on the market chart to avoid losing the opportunity to buy at the lowest price. bitcoin is always like this and many factors are not clear what influences sudden and drastic price changes.
It was expected by some traders and analitycs. The gap at level 8400-8600 should have been closed. Many people spoke about it.
There are no gaps under 8k, however support lines is quiet weak and unstable. If fundamental news will be bad, I think we can dive deeper, below level 8000.
There are no gaps under 8k, however support lines is quiet weak and unstable. If fundamental news will be bad, I think we can dive deeper, below level 8000.
There was no bad fundamental news for months. Last time there was something big happening it was when there was a war between BCH and SV and threats of destroying Bitcoin from Wright if we can even call it fundamental news. It sure scared some people
Fundamentals are strong and I don't see us continuing down the 3000 dollar path of the last bear market. If we don't continue then what? A long consolidation and another breakout in Winter?
When there are no visible reasons people look for conspiracies but maybe there was none?
Bitcoin was slowly falling for months and it was clear that it would fall. The same thing was happening when we were at 6000. We were hitting the floor and going back up to get rejected and after a while we broke down. Some big investors gathered some money and set up shorts at 9000 at the same time dumping over a million dollars in a single transaction to break through the floor and make money. Easy profit.
Bitcoin was slowly falling for months and it was clear that it would fall. The same thing was happening when we were at 6000. We were hitting the floor and going back up to get rejected and after a while we broke down. Some big investors gathered some money and set up shorts at 9000 at the same time dumping over a million dollars in a single transaction to break through the floor and make money. Easy profit.
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