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Topic: Bitcoin is crashing. Why? :( - page 7. (Read 7187 times)

hero member
Activity: 784
Merit: 501
August 08, 2015, 07:23:51 PM
#17
after a few years here, and seeing these types of mini-spikes many times over i'm starting to get the hang of it... there not going to be a moon-spike again. that was caused by willybot, it was 100% fake. what will happen is we will see a slow increase over the long run, many mini-spikes and corrections slightly higher than before the spike started, climbing slowly.

Upcoming crash factor => Two blockchain due to block size controversy

Upcoming pump factor => Block halving
legendary
Activity: 2296
Merit: 1031
August 08, 2015, 07:20:47 PM
#16
Crashing?

You mean that tiny little drop from $280 to $260 in the past 24 hours?

That doesn't look like a crash to me.  That just looks like normal bitcoin volatility.



Yep, pretty normal price fluctuations.  If it stays this way for a number of years there will be a lot of very rich and happy traders.  Look at that chart.  This thing is like the most predictable roller coaster ever.  Buy in the valleys and sell at the peaks: win.
member
Activity: 69
Merit: 10
August 08, 2015, 07:18:55 PM
#15
bitfinex almost accounting for a fifth of the btc volume today and mostly selling  Shocked
legendary
Activity: 1456
Merit: 1010
Ad maiora!
August 08, 2015, 07:12:50 PM
#14
It will most likely continue to fall in price, but not ridiculously... maybe a bottom of 250 or thereabouts could see as low as 220 in the next month or two.

its not really crashing per se, i would say it is a correction. there was a run because of Greece and various hints about EFT (as mentioned above Wink ), but it was speculative. not many greeks themselves went to btc, it was the rest of the world hoping that the price would spike. they bought in and caused it to spike a little, that caused more buyers to rush in and continue the spike. thats how bubbles work.

after a few years here, and seeing these types of mini-spikes many times over i'm starting to get the hang of it... there not going to be a moon-spike again. that was caused by willybot, it was 100% fake. what will happen is we will see a slow increase over the long run, many mini-spikes and corrections slightly higher than before the spike started, climbing slowly.

thats just my prediction.
newbie
Activity: 42
Merit: 0
August 08, 2015, 07:10:49 PM
#13
Not a crash at all, no cause for concern.  Pure speculation but the NYC regs combined with slower weekend purchasing, if I had to venture a guess.
hero member
Activity: 784
Merit: 501
August 08, 2015, 06:47:09 PM
#12
Why is it crashing?

WoW... I cant just wait to see those SELL SELL SELL threads once again.

So, last round was 220-310, breaking the barrier of 260 in the round before.

What this round is going to be ? 200-350 ? Wink
legendary
Activity: 1512
Merit: 1012
August 08, 2015, 06:42:31 PM
#11
Or too much people selling... Right!

But why? Why now and why this huge crash so suddenly?

There aren't too many people selling... This was just a drop of water in the glass.
legendary
Activity: 1106
Merit: 1000
August 08, 2015, 06:39:28 PM
#10
its not crashing yet atlest i dont see any its a little drop of 15$ to 20$ now its atlest batter then the least and you never know when it will start rising again but now its time to buy some coins when the price is cheap
legendary
Activity: 3472
Merit: 4801
August 08, 2015, 06:37:12 PM
#9
Crashing?

You mean that tiny little drop from $280 to $260 in the past 24 hours?

That doesn't look like a crash to me.  That just looks like normal bitcoin volatility.

donator
Activity: 1617
Merit: 1012
August 08, 2015, 06:35:25 PM
#8
Why is it crashing?

"Because it is not backed by the awesome might and power of a centralized government."
sr. member
Activity: 490
Merit: 250
August 08, 2015, 06:32:57 PM
#7
There are several reasons why the price is crashing, one of them is the situation of bitfinex and NYC bit license and one is because of ethereum launch many dumped for profit. But its all speculation.
legendary
Activity: 2212
Merit: 1038
August 08, 2015, 06:30:10 PM
#6
My theory is because the ubiquitous "they" are squeezing right now and people are forced to sell to maintain. Greater adoption will prevent these kinds of drops in the future as the link to fiat is broken and the exchange rate becomes irrelevant.
legendary
Activity: 1512
Merit: 1012
August 08, 2015, 06:29:00 PM
#5
ah, the old time ... purge in the saturday night.  Grin
legendary
Activity: 1092
Merit: 1001
August 08, 2015, 06:27:39 PM
#4
Or too much people selling... Right!

But why? Why now and why this huge crash so suddenly?
It could be related to the NYC bitlicense taking effect soon and maybe NYC holders are getting out.

Here is some info on Bitfinex and "leaving" NY.
https://www.bitfinex.com/pages/announcements/?id=51
https://www.reddit.com/r/Bitcoin/comments/3g6in9/worlds_largest_bitcoin_exchange_announces_it_is/
https://www.reddit.com/r/Bitcoin/comments/3g9akq/the_bitlicense_is_going_to_ensure_that_the/

It is just a theory though.
And BTW, it isn't really a crash yet.
It could be back to $275 by Monday.
member
Activity: 98
Merit: 10
error
August 08, 2015, 06:26:22 PM
#3
Or too much people selling... Right!

But why? Why now and why this huge crash so suddenly?
legendary
Activity: 1512
Merit: 1012
August 08, 2015, 06:17:37 PM
#2
Because you're not buying coins Grin
member
Activity: 98
Merit: 10
error
August 08, 2015, 06:16:33 PM
#1
Why is it crashing?
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