Bitcoin price fall | Bitcointalksearch.org

mr angry

sr. member

Activity: 298

Merit: 253

Quote from: Nagle on November 06, 2015, 02:56:53 PM

OKCoin is having problems:

“OKCoin is currently suffering from malicious cyber attacks and as a result, some services may be suspended, Sorry for the inconvenience.”

Note that the problems conveniently started as the price started to go down. That's deeply suspicious. Many Bitcoin exchanges have gone under because they speculated with customer funds and guessed wrong. When that happened, suddenly delays started to appear. Remember Mt. Gox.

Worse, OKCoin offers "leverage" and derivatives. If they mismanaged their counterparty risk, OKCoin could lose big.

If you have any assets in OKCoin, get them out now.

Has OKcoin said it will compensate people who were margin called because they couldn't access their accounts to close positions? I'd hate to watch all my money going up in smoke because an exchange was down. I lost some money in that situation once, but not everything.

Nagle

legendary

Activity: 1204

Merit: 1002

OKCoin is having problems:

“OKCoin is currently suffering from malicious cyber attacks and as a result, some services may be suspended, Sorry for the inconvenience.”

Note that the problems conveniently started as the price started to go down. That's deeply suspicious. Many Bitcoin exchanges have gone under because they speculated with customer funds and guessed wrong. When that happened, suddenly delays started to appear. Remember Mt. Gox.

Worse, OKCoin offers "leverage" and derivatives. If they mismanaged their counterparty risk, OKCoin could lose big.

If you have any assets in OKCoin, get them out now.

justbitcoins

member

Activity: 76

Merit: 10

The recent price drop from $500 to $350 is good correction. This correction is need for the profit taking and prepare for next push higher.

manselr

legendary

Activity: 868

Merit: 1006

When there is a very high uptrend, it always correct. So yeah, the guys that sold at 500 can celebrate, but they could have fucked up big time if it kept growing to 1K and beyond. They eventually will. Moral of the story: just hold.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: MissionPhailed on November 06, 2015, 01:30:41 PM

Price rose 'too fast' and many sold off for profit. One could say that the price-development of Bitcoin is unpredictable and remarkably predictable at the same time ... ! Experienced traders make a considerable amount of money in these volatile times.

Yes this is right.Crazy runs like tha one always end with a bigger correction and of course the traders under us use this oppotunity to take some profits.Nothing bad here.This is normal behaviour and should not worry anyone.
At the moment we are around 360-370 which is really good imo. If we can hold this it will take long and we continue to climb I guess.A sustainable rise and a stable 400 should be possible until the end of the year.Let's cross fingers for that!

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: justbitcoins on November 06, 2015, 03:03:47 AM

Quote from: randy8777 on November 05, 2015, 03:24:44 PM

Quote from: justbitcoins on November 05, 2015, 02:59:51 PM

Quote from: buddu on November 05, 2015, 01:03:25 PM

I see this falls of price as correction and not worried about it at all.I will not sell any single bitcoin and will keep holding my funds.If we see behavior of current rising there are and will be high volume of dumps and recoveries in matter of hours.

That is right. The rise has just started. The price increase so far is too big. A correction is need to stabilize the price and prepare for future price increase.

we had our much needed correction from $500 to sub $400 already. can't see the price go much lower than that as i think the bull run will continue very soon.

If you are believer of bitcoin, and trust that the price will rise eventually with the increase adoption of bitcoin, then there is no worry at all.

i believe in bitcoin and its future. that's why i don't worry about the price fall from $500 to below $400. i have enough patience for the comming years.

MissionPhailed

hero member

Activity: 583

Merit: 503

Price rose 'too fast' and many sold off for profit. One could say that the price-development of Bitcoin is unpredictable and remarkably predictable at the same time ... ! Experienced traders make a considerable amount of money in these volatile times.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: justbitcoins on November 06, 2015, 03:03:47 AM

Quote from: randy8777 on November 05, 2015, 03:24:44 PM

Quote from: justbitcoins on November 05, 2015, 02:59:51 PM

Quote from: buddu on November 05, 2015, 01:03:25 PM

I see this falls of price as correction and not worried about it at all.I will not sell any single bitcoin and will keep holding my funds.If we see behavior of current rising there are and will be high volume of dumps and recoveries in matter of hours.

That is right. The rise has just started. The price increase so far is too big. A correction is need to stabilize the price and prepare for future price increase.

we had our much needed correction from $500 to sub $400 already. can't see the price go much lower than that as i think the bull run will continue very soon.

If you are believer of bitcoin, and trust that the price will rise eventually with the increase adoption of bitcoin, then there is no worry at all.

Yes the good bitcoin believer, never worry about bitcoin prices goes up or down. Only holding if the right now job for all the bitcoiners. So, it is a part of bitcoin life cycle to go higher prices and come down to the lower price.

justbitcoins

member

Activity: 76

Merit: 10

Quote from: randy8777 on November 05, 2015, 03:24:44 PM

Quote from: justbitcoins on November 05, 2015, 02:59:51 PM

Quote from: buddu on November 05, 2015, 01:03:25 PM

I see this falls of price as correction and not worried about it at all.I will not sell any single bitcoin and will keep holding my funds.If we see behavior of current rising there are and will be high volume of dumps and recoveries in matter of hours.

That is right. The rise has just started. The price increase so far is too big. A correction is need to stabilize the price and prepare for future price increase.

we had our much needed correction from $500 to sub $400 already. can't see the price go much lower than that as i think the bull run will continue very soon.

If you are believer of bitcoin, and trust that the price will rise eventually with the increase adoption of bitcoin, then there is no worry at all.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: justbitcoins on November 05, 2015, 02:59:51 PM

Quote from: buddu on November 05, 2015, 01:03:25 PM

I see this falls of price as correction and not worried about it at all.I will not sell any single bitcoin and will keep holding my funds.If we see behavior of current rising there are and will be high volume of dumps and recoveries in matter of hours.

That is right. The rise has just started. The price increase so far is too big. A correction is need to stabilize the price and prepare for future price increase.

we had our much needed correction from $500 to sub $400 already. can't see the price go much lower than that as i think the bull run will continue very soon.

justbitcoins

member

Activity: 76

Merit: 10

Quote from: buddu on November 05, 2015, 01:03:25 PM

I see this falls of price as correction and not worried about it at all.I will not sell any single bitcoin and will keep holding my funds.If we see behavior of current rising there are and will be high volume of dumps and recoveries in matter of hours.

That is right. The rise has just started. The price increase so far is too big. A correction is need to stabilize the price and prepare for future price increase.

buddu

hero member

Activity: 700

Merit: 500

I see this falls of price as correction and not worried about it at all.I will not sell any single bitcoin and will keep holding my funds.If we see behavior of current rising there are and will be high volume of dumps and recoveries in matter of hours.

ssmc2

legendary

Activity: 2002

Merit: 1040

Parabolic rise is still in effect.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

It peaked at 500 and is not correcting, the rise will continue, we saw this same behaviour last year in november when there were days where the price ended being inferior to the last day. Corrections must happen and I actually hope the rise is very slow because I want more BTC.

nagtatago

newbie

Activity: 14

Merit: 0

Thank the US government for this gift of inventory.

http://www.coindesk.com/us-marshals-final-silk-road-bitcoin-auction/

InvoKing

legendary

Activity: 2142

Merit: 1065

✋(▀Ĺ̯ ▀-͠ )

I see that once the price pass 400$ it goes down again so fast, heavy dump imo
Besides i noticed that btc-e price since the big drop from 500$ is aligned with bitfinex, Bitstamp, coinbase prices (~395$) which isn't the case with kraken (~360$) any one have more information why?

erickimani

newbie

Activity: 42

Merit: 0

Bitcoin is a young economy and hence it fluctuates a lot

newcripto

hero member

Activity: 728

Merit: 500

I will explain this recent fall with these words''to make a big jump you need to take two steps backward'' there is not possible just one way traffic so price just can't go go up there will be many ups and downs till price will reach where they should be truly.I see it normal and expect next upwards movement in couple of days again.

agustina2

legendary

Activity: 2436

Merit: 1008

Fail at the current price today playing around $380-$390?. I don't think so. That's a big price still. Many don't expect it to happen in the last week of the Month of October. I see $350 target by end of November but yet it surpassed the target so I can consider today's price still a great increasel.

Don't rush things. We will go to the moon slowly.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Maybe is because the massive pumps have ended? But still, I think the price is great apart from what it was like a month ago ($235). Perhaps, in the end of 2015 the price would rise between the $500 - $600 mark. I'm still holding my Bitcoin here. Roll Eyes

Topic: Bitcoin price fall (Read 2037 times)