Topic: Bitcoin went from $5420 to $5117 in 2 minutes! Bubble? - page 4. (Read 735 times)

When the price of Bitcoin falls, it is the best opportunity for us to own it at this time. Smart people take advantage of falling prices to buy more and sell when the price increases. Good luck!

At the current difficulty, Bitcoin will 100% be dead due to a lack of miners before it dies due to low exchange values. Even with the decrease in difficulty, if the big miners don't want to mine, there's almost no reason for anyone else to want to mine either.

Now, I don't want to say it can never happen, as I remember back when Bitcoin had sat at the mid $100s sometime during summer 2015(?), but the chance of it happening now should be close to zero. Considering it went down from $20k to only about low $3,000s, that's already a testament to Bitcoin's resilience. It could have completely tumbled further than that, but it didn't. There's still a lot of money in Bitcoin and a lot of people are interested in seeing it succeed. That's one of the great things about the Bitcoin community.

Everytime there will be some minor price fluctuation in between, and the same has taken place now. The same will be recovered at the shortest and for this we can't say it a bubble. Also there is no proof that it is a shattering of the market by a single entity. Around some $300 difference is acceptable as massive drops have taken place earlier this year. Upon these market drops we don't need to panic of someone taking the price as low as $100 someday.

No, Bitcoin is not controlled by one entity, there could be whales, but I don't think that there are just one entity moving this price. The market is based on sentiments, there could be news affecting the market like this one, (https://finance.yahoo.com/news/ny-attorney-general-sues-bitfinex-210643545.html). Or just simply, speculators are shorting bitcoin and booking their profits for this weekend.

Earlier today, the New York Attorney General’s office released an order it obtained – without notice or a hearing – in an attempt to compel Bitfinex and Tether to provide certain documents and seeking certain injunctive relief.

The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. On the contrary, we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded. We are and have been actively working to exercise our rights and remedies and get those funds released. Sadly, the New York Attorney General’s office seems to be intent on undermining those efforts to the detriment of our customers.

Bitfinex and Tether have been fully cooperative with the New York Attorney General’s office, as both companies are with all regulators. The New York Attorney General’s office should focus its efforts on trying to aid and support our recovery efforts.

Both Bitfinex and Tether are financially strong – full stop. And both Bitfinex and Tether are committed to fighting this gross overreach by the New York Attorney General’s office against companies that are good corporate citizens and strong supporters of law enforcement. Bitfinex and Tether will vigorously challenge this, and any and all other actions, by the New York Attorney General’s office.

I was really confused how whales really do that. As you can see, a huge red candles suddenly came up. I wasn't expecting it to be that low. Actually, it goes down at $5,085. I was expecting it to dump at $5,200 but not below $5,200. I guess, there are reasons why it dumped that much.

i think the crypto bubble still there but to think that the price of bitcoin turn to $100 is almost impossible,
because if you think that would happen then how much money it takes for people to dump bitcoin to 100$?

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?