Topic: Bitcoin have just dropped $20 in less than an hour. What happened ? (Read 1366 times)
December 23, 2016, 06:49:24 PM
Indeed, anyone that is panicking for 20, even 50 dollar drops is a complete newbie. We are back on track and the 12 hour graph is looking sexy. We are no doubt going towards a new ATH. We are looking at 1000 hours away from now, at any time it can kick in and we may start seeing a big long ass green candle. Of course I would like controlled growth but this is bitcoin, this is extreme disruption and the price is also wild.
December 23, 2016, 04:50:31 PM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
When Bitcoin cost $870 then $20 move is way less then when Bitcoin cost $300 so get used of $20 changes every hour now.
When Bitcoin will be $10000 then $100 moves will be tiny moves.
December 23, 2016, 04:08:39 PM
I think your charts are off.
It has only risen and not fallen in the last 48 hours this much. Maybe by $12 but not $20.
That is a major loss to someone who is holding over 2 bitcoin.
It has only risen and not fallen in the last 48 hours this much. Maybe by $12 but not $20.
That is a major loss to someone who is holding over 2 bitcoin.
December 23, 2016, 03:56:06 PM
the reason why bitcoin price has been drop within an hour its because when bitcoin suddenly reach that amount there's a lot of users who cashout their bitcoin so they can use it on their needs. so expect that if bitcoin reach $1000 barrier there's a lot of more user that will cashout their bitcoin so the price of bitcoin could be probably drop atleast $500 per bitcoin. so if i where you when bitcoin reach the $1000 barrier you should cashit out to or else you will lose your bitcoin.
Are you really believe that if bitcoin climbs to $1000 so many people will sell their coins for fiat and the price will drop in at least (as you wrote above) $500? I could say this is a crash. I understand here is the "speculation" subforum but this prediction without proofs is something like science fiction movie. So you could sell your coins now with a big profit. Could you?
December 23, 2016, 03:52:36 PM
I guess if the price is changing for $30 or so during the day it's totally fine. These are just fluctuations, you know. Just some accidental stuff, right? Somebody sold his/her bitcoins and nobody bought them yet or something similar. This is a 2-3% change. I guess even fiat changes the price in these borders from time to time.
December 23, 2016, 03:27:52 PM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
When Bitcoin cost $870 then $20 move is way less then when Bitcoin cost $300 so get used of $20 changes every hour now.
When Bitcoin will be $10000 then $100 moves will be tiny moves.
December 23, 2016, 10:11:53 AM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
I can't believe a hero member asks this
December 23, 2016, 08:17:31 AM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
Same as I can't explain and can't guess why just for one night bitcoin from 861$ grown to 906$. I thought that that factor that some bitcoins was stolen by hacking again will make the price for bitcoin to fall, but it didn't happen. 
December 23, 2016, 06:04:05 AM
Big ups, big downs.
Large swings right now. Market is still pretty volatile and no one is sure where the price will land.
Lots of people buying and selling large orders. Just a few percent profit is a ton of cash if you have enough to invest.
Exactly, its too volatile right now. This morning(my time) BTC was at 860ish I check it about an hour later and boom its 905 and the market cap has reached ATH. I mean its sitting at $900-905 since 5 hour, with the amount of volatility right now i would consider this stability pretty good, but I dont not expect the price to stay this it could just crash and drop back to 750s or who knows maybe cross $1000 even before Christmas. Large swings right now. Market is still pretty volatile and no one is sure where the price will land.
Lots of people buying and selling large orders. Just a few percent profit is a ton of cash if you have enough to invest.
December 23, 2016, 05:52:45 AM
You're a Hero Member, what have you been doing the entire time you've been here?
Good question! Is he trolling or did he buy account? No way, hero member didint expirience things like this before. It's not like hes here for few days or something like that....
December 23, 2016, 05:24:10 AM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
I can't believe a hero member asks this
December 23, 2016, 01:29:39 AM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
As momentum build during what seems to be a strong bull run building up, the price will rise and drop in increasing degrees. Just examine charts of btc's 2013 rise for example. 
December 22, 2016, 07:21:14 PM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
Lol you're very greedy and even more naive. The price goes up ~$100 in the past few days and you're worried about a $20 correction? Really? Come on. This can't be your first rodeo and if it is you're doing a poor job hiding the fact that you bought this account.
December 22, 2016, 07:07:25 PM
Big ups, big downs.
Large swings right now. Market is still pretty volatile and no one is sure where the price will land.
Lots of people buying and selling large orders. Just a few percent profit is a ton of cash if you have enough to invest.
Large swings right now. Market is still pretty volatile and no one is sure where the price will land.
Lots of people buying and selling large orders. Just a few percent profit is a ton of cash if you have enough to invest.
December 22, 2016, 07:04:07 PM
Big rises last days, so corrections happen sometimes.
Remember that 20 dollars is less than 3% of current price
Remember that 20 dollars is less than 3% of current price
December 22, 2016, 05:46:32 PM
Threads like this are pretty much useless.
Why not ask why the price moves $2 if you will ask why it moves $20?
Markets gonna market....nothing more.
That is true for about 90% of the content in this section, unfortunately. Why not ask why the price moves $2 if you will ask why it moves $20?
Markets gonna market....nothing more.
If we are rising, there are 4-5 new topics about price rising to $2k or beyond in the next month, similar if we are dropping, there are plenty topics about how useless Bitcoin is, and that its price goes to zero.
Take it as it is, I've lost any hope for any improvements in this matter.
December 22, 2016, 09:19:44 AM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
I think that Bitcoin increase of 4 reasons:
1. The need to use Bitcoin currency is rising
2. In a large number of countries are gradually accepting Bitcoin
3. The number of investors has increased Bitcoin, the reason no one has been lost due to poor security Bitcoin, except for users to expose private keys for hackers
4. At the Stock Exchange Bitcoin is growing strongly in the major countries, especially China, which has significant impact to the world!
1. i really can't see how this "need" has increased!
2&3. i fully agree.
4. i agree but it has always been big in China.
and also i have to add while i agree with all of these but these reasons are only contributing to the gradual rise of bitcoin price and none of them are explaining this recent rise.
December 22, 2016, 08:13:55 AM
Threads like this are pretty much useless.
Why not ask why the price moves $2 if you will ask why it moves $20?
Markets gonna market....nothing more.
Why not ask why the price moves $2 if you will ask why it moves $20?
Markets gonna market....nothing more.
December 22, 2016, 08:01:24 AM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
I think that Bitcoin increase of 4 reasons:
1. The need to use Bitcoin currency is rising
2. In a large number of countries are gradually accepting Bitcoin
3. The number of investors has increased Bitcoin, the reason no one has been lost due to poor security Bitcoin, except for users to expose private keys for hackers
4. At the Stock Exchange Bitcoin is growing strongly in the major countries, especially China, which has significant impact to the world!
December 22, 2016, 08:01:04 AM
I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
first of all you should re-think your topic subject because it is wrong. you are looking at it the wrong way. price has gone up nearly $75 in the past 24 hours and now it has come down $17
and if you look at the charts it has always been like this, when price goes up there is a little back-track because people sell and price has to see a correction.
in short nothing out of the ordinary.
I agree, thanks for the information. Well someone may not be patience enough to hold their Bitcoin after its price has gone up nearly $75. I guess we will all have a happy Christmas
maybe its just normal condition in the market and we know this, i hope the price will be back soon and will increase than before. better you don't have to get panic selling too because its not good for you and i think you can wait for a little time to see the price will be back in the right path.
I am not panic so don't worry. I will keep my Bitcoin until it has reached at least $1000. It will be back soon, I can ensure about that, just a little confused about the fluctuation in the price Jump to: