Topic: BITCOIN Price surges over 9k$ but suffers massive dump - page 2. (Read 841 times)
what are you worried about? this is very common in trading cryptocurrencies. bitcoin falls and returns to increase, even if it is the opposite, now we can see that the price has improved again.
I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy
It's because that's how the market works, or at least that's how speculators make their money, massive pump then followed by a 20%-30% dump, or correction or whatsoever some TA experts says. And for all we care, bitcoin doesn't give a s**t about any TA. If will go on its normal course, whether a break out run to 5 digits or a massive fallout.
The price of bitcoin after falling has recovered reaching $8400. The price fluctuation that has been experienced is truly the common market fluctuation. This tends for a bigger price above to $9000 which we can expect to happen in a short as the support from people keeps supportive gain resistance.
It's evident that crypto market is being manipulated because I don't understand why bitcoin will surge to 9K and the next thing is to dump below 8K.
At the moment it has even dropped lower to the price of $8300 or there about in the coin market cap but this is still a good sign because earlier this year the prices was really poor and bitcoin and other coins where doing very poorly but we hope it would again surpass $9k Mark
Hey everyone
Finally we did attain a milestone of 9000$ that was long awaited.
We we're actually dancing between the price of 8.5k and 8.7k $.
Unfortunately it suffered a massive dump and lost 500$,
Now trading at near 8.5k $ , it's hard to see the market pull through if we just sell at those important moments.
What I feel is , it's moment like these that actually are the most critical for any market , if people support and if they instead of selling hold onto that , the price will only become stronger .
It could have been 10k $ , but let's just hope this pit gets filled soon.
Also the good thing is , even after the huge sell off it still managed to trade @8.5k $ , that's why I believe the bull Market is going to take it way further than we can imagine.
Finally we did attain a milestone of 9000$ that was long awaited.
We we're actually dancing between the price of 8.5k and 8.7k $.
Unfortunately it suffered a massive dump and lost 500$,
Now trading at near 8.5k $ , it's hard to see the market pull through if we just sell at those important moments.
What I feel is , it's moment like these that actually are the most critical for any market , if people support and if they instead of selling hold onto that , the price will only become stronger .
It could have been 10k $ , but let's just hope this pit gets filled soon.
Also the good thing is , even after the huge sell off it still managed to trade @8.5k $ , that's why I believe the bull Market is going to take it way further than we can imagine.
actually bitcoin is currently in a period of consolidation where making adjustments in the TF is small, but this is still reasonable in my opinion, if you believe bitcoin doesn't need to worry about this.
Yes, even though according to my technical analysis, bitcoin will drop below $ 8,000, but I don't know what happens next, it could be that my analysis is wrong if there is a big pump from the pope-market or big news.
But I still believe bitcoin will rise slowly, maybe next month you will see a much higher price. So don't be sorry if you don't buy when dumping, like last April.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
And now, we are seeing bitcoin price becomes strong because the price breaks every higher price and it still going to go up. Although the red candle still there but there is a reverse from the price that is showing to us the price trying to increase again. I hope that tomorrow bitcoin price can break $8,500 and will go to the higher price.
I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy
This is pointed out the market is health comparing we don't find a correction when the price has increased. The trader will look another high price when the correction come. You may know when the bull ran came at 2017 ago, is the price never met a correction when its price had been increasing? The answer was no, the pricr still met a correction come back to increasing again. I'm not worried when the correction come because I can buy it again at the lower price of course by considering the situation. Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy
I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy
The correction is on and let wait for another target again. If am not mistaken, whenever Bitcoin price hit such figures mentioned above, there's always a massive sell off, which in my opinion cannot be termed dump. After all profit is what drive the massive sell off and it came, we are all happy for that.
It was a huge pump and a dump after.
They rekt margin traders. I also can't understand how anyone can do margin trading for bitcoin. It is crazy risky.
They rekt margin traders. I also can't understand how anyone can do margin trading for bitcoin. It is crazy risky.
I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy
It is still over $8k and people are acting retarded already. I remember that few weeks back that flash crash also happened that made btc fall to $6k or $7k I believe but it managed to stay up again. Don't influence other newbies with your fears because that is what holds us back everytime.
I believed some bitcoin hodlers sold or dumps massively at $9K a psychological zone invariably resulted to the pullback of the price. The same scenario played out when the price was about to reached $8K.
Be as it may this is a very healthy a market because it will create opportunities for new buyers to buy and accumulate now before the price regains it bullish runs again. The price volatility is massive it can dump or pump at least $500 thus there is no cause for panicking.
Be as it may this is a very healthy a market because it will create opportunities for new buyers to buy and accumulate now before the price regains it bullish runs again. The price volatility is massive it can dump or pump at least $500 thus there is no cause for panicking.
Of course there isn't. But some people will always panic anyways "just in case", it's just their nature.
This will happen for a long time still, the most important thing is being aware of what is important and what isn't so you don't get confused by all the noise around.
We cannot blame people if how they treat.market now specially those who has trapped in the massive falling of 2018 ,many investors and holders who has been waiting for this growth to take out and some of them is for good,imagine for more than a year that you are in the losing position?and now that we attained the $9k value they withdrawn and thinking or waiting for another good timing to re invest or totally leave the crypto venture
That's what you call 'Breathing' or some may call it corrections.
There's no point for Bitcoin's price to surge non-stop as it's pointless so it's fine that it goes down a little bit after a good uptrend. For as long as the increase outweighs the decrease then I'm/we're fine with it. I choose a gradual increase rather an another Bitcoin bubble just like what happened on December 2017.
There's no point for Bitcoin's price to surge non-stop as it's pointless so it's fine that it goes down a little bit after a good uptrend. For as long as the increase outweighs the decrease then I'm/we're fine with it. I choose a gradual increase rather an another Bitcoin bubble just like what happened on December 2017.
This only tells one thing. Bitcoin is highly manipulated by institutions and rich people.
This is what the others are thinking too and I believe that the sudden rise and fall of the price of Bitcoin in the last few days is purely manipulation. We can't do anything about it but to ride into the train in order to get profit
This is what the others are thinking too and I believe that the sudden rise and fall of the price of Bitcoin in the last few days is purely manipulation. We can't do anything about it but to ride into the train in order to get profit
It's not that massive as what you think it is. It was just a $500 drop and you say massive? I don't think Bitcoin reaching $10k by this month but hopefully the current drop will be recovered.
I totally agree. Some whales were setting their profit taking mark for 9k because they were logically expecting that the majority will dump att 10k anyway.
It really was to be expected. Personally, I've been expecting a major dump from around 7k back to 6k and we had it. What I didn't expect is that we'll recover this fast and go to new yearly high just days later. Expecting 10k in such a short time is greedy as there are bound to be pullbacks along the way.
To some they will see this as dump but to me I see this as simple corrections ,some will no doubt take the advantage of the ATH but its far from dump and the bulls are just getting started
From $9,000 down to $8,250 is not a massive dump, its just 8.3% drop and that is not new because if we look at the price history of Bitcoin there are more or there times previously the Bitcoin suffered huge loss after surging up to 10% specially today that we approach the weekend, expect that it will continue to drop and recover again on the first 2 days of the week.
For some people who have not seen anything like this yet, such sudden drops are still a big surprise and disappointment which usually leads to panic sales. I watch price yesterday and it touch $9k on Bitstamp, and only after few minutes it was $8700 again. Like I wrote before, big players will try to keep price under $10k as long as possible, and we see that it is very easy to manipulate the market only if you have several thousand of bitcoins.
I would say that we are not in real bull run, this is something more like a controlled process in which someone tests ways of manipulating the market.
Since we have tested $9k, we are must likely going to hit it again next week and get stabilize, then start an upward new level, when sellers have taken profit, we don't expect a continues sell off, but they begin to buy and await a new height which of course will be above $9k mark. I was teaching an introductory to bitcoin when I saw a jubilation from one of our groups of the celebration.
Jump to: