Bitcoin is crashing. Why? :( - page 5.

Wexlike

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Quote from: NorrisK on August 09, 2015, 04:15:52 AM

People are selling their BTC that they made of ethereum while they are still ahead.. If you look at the ether volume it is no coincidence that there is a lot of sell pressure on bitcoin. (probably some big holders cashing out).

I just don't understand why people are buying ethereum for a higher price than the ipo price of 2000 ether per bitcoin. So many dumb people in this market.

Amph

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Quote from: NorrisK on August 09, 2015, 07:13:39 AM

Quote from: Amph on August 09, 2015, 07:06:10 AM

people need money to do their vacation, there the reason for the crash, i've always stated that summer isn't that great for a pump, too much distraction, autumn is much better if you want to see a good price increase

Wasn't the pump to 260 before the November 1200 during the summer? It may be an excellent time for a pump die to people not having access to their coins to dump on a higher price.

was in april, so spring and not really summer, with summer i'm mostly talking about august as a bad month for a pump and probably more good for dumping, in fact there was a dump after that 260 in april

NorrisK

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Quote from: Amph on August 09, 2015, 07:06:10 AM

people need money to do their vacation, there the reason for the crash, i've always stated that summer isn't that great for a pump, too much distraction, autumn is much better if you want to see a good price increase

Wasn't the pump to 260 before the November 1200 during the summer? It may be an excellent time for a pump die to people not having access to their coins to dump on a higher price.

Amph

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people need money to do their vacation, there the reason for the crash, i've always stated that summer isn't that great for a pump, too much distraction, autumn is much better if you want to see a good price increase

Herbert2020

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Quote from: errornone on August 08, 2015, 06:16:33 PM

Why is it crashing?

it most definitely sucks to see the bitcoin price go down. but i don't call it a crash since it has not gone so far down. the $10-20 price change is something normal for the volatility of bitcoin.

Daniel91

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It seems that the Bitcoin users behave similarly as real brokers on the stock exchange.
When the value of the shares starts to fall this creates a panic mood and everybody sales, which further affects the decline in value of shares.
Smart investors know that it is the best time to buy stocks and earn good profit later, when value of the shares increase again.
It's the same with BTC.
So, don't worry much about value of bitcoin but buy now (when its value is lower) and earn later

AtheistAKASaneBrain

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The marketcap is tiny and there are people holding tons of coins manipulating the market at will. We can't do anything about this unless a whale wants to fight back and create bull pressure, since we are still far from mainstream adoption that's all we can hope for.

okae

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northern exposure

i cant see nothing that tell me that bitcoin is crashing, i just see a simple dump thats all, like always...

maybe we are just a little bit nervious Wink

newflesh

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Wouldn't call it a crash by any means. Hope this isn't the start of more bitcoin iz doomed!!!11 threads, save that shit for the speculation board Wink

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: to1ga on August 09, 2015, 04:54:08 AM

https://i.imgur.com/tcNDEPZ.png

Calm your friends.
I see our future might be rising.

Exactly my point. There is no scenario where bitcoin price goes straight upward, withouth any slips down.
If the people that are hoarding coin would just buy and never sell , they would have to buy each time at a higher price. Selling some in large batches shakes off
weak hands and lowers the price, which gives them a chance to buy more on a lower level.
hodl and wait, just for one year, and you will get results.

cheers

investspot

full member

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Love me love my Bitcoin.

Quote from: unamis76 on August 08, 2015, 06:17:37 PM

Because you're not buying coins Grin

I think so. Grin

to1ga

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https://i.imgur.com/tcNDEPZ.png

Calm your friends.
I see our future might be rising.

randy8777

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it's not really a crash. some one cashed out his coins or simply wanted to cause panic sellers to sell it down. i think it won't go below $260 on the major exchanges. btc-e is always lower.

acquafredda

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Quote from: NorrisK on August 09, 2015, 04:15:52 AM

People are selling their BTC that they made of ethereum while they are still ahead.. If you look at the ether volume it is no coincidence that there is a lot of sell pressure on bitcoin. (probably some big holders cashing out).

I was looking at the charts and I noticed the same thing. I think it is as you say since in the last weeks we had a pretty stable price pattern.

I'll wait some more days to see whether this is confirmed or not.

Wink

jeffthebaker

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Bitcoin has gone into panic sell mode. Once the price dips, weak investors begin cashing out. All we can do is wait for the trend to even out, and for the market to eventually correct itself. Shouldn't take more than a couple of days.

NorrisK

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Activity: 1946

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People are selling their BTC that they made of ethereum while they are still ahead.. If you look at the ether volume it is no coincidence that there is a lot of sell pressure on bitcoin. (probably some big holders cashing out).

flock123

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crashing ??

I think what you mean is the declining price of bitcoin
but it can happen crashing because bitcoin prices tend to decline

kostya.ash

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probably a lot of people leaving from bitcoin, and few are joining ?

Kprawn

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Price volatility is a part of Bitcoin, so for now get used to it. If you are a speculator, this should benefit you. The only people who should worry about this, would be the

merchants, who does not sell immediately after the purchase was made. Technology and modern PoS systems could adjust prices, according to the current Bitcoin price, so

this should in theory, not be a issue, if they convert to fiat immediately. {Not the best strategy, but one way to do it} Play the price in your favor and use payment

processors and you have no problems. The price was $5 a few years ago... now it's $270 ....Do you see any crash in that scenario?

xhoneyael

sr. member

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www.AntiBitcoinTalk.com

just a little price drop..its normal..
price will drop when there are many who's selling bitcoin exchange in dollar..

Topic: Bitcoin is crashing. Why? :( - page 5. (Read 7190 times)