Bitcoin went from $5420 to $5117 in 2 minutes! Bubble?

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Quote from: michellee on June 01, 2019, 01:08:52 AM

Quote from: normanderecho on May 31, 2019, 04:01:11 AM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

In that scenario mate I think it just part of growing up of bitcoin and Its normal into bitcoin by up and down to its price daily. Don't accuse bitcoin in that way, if I were you I invest while its not too late. Because soon bitcoin will ris as skyrocket.

Yes, that is normal. Every time bitcoin growing up, there will be a time for bitcoin to go down and make the correction for a while. But after that, the price will get increase again and sometimes, the increasing of the price will be so high than before, and that will make us have the opportunity to make a bigger profit. But sometimes, the increase will be long enough to come, and no one will know about that.

If the price were to grow incessantly and infrequently no one would be investing in that asset. For it would come a time that you could not sell it or discard it because the cost will be too high and no one would cover it.

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Quote from: normanderecho on May 31, 2019, 04:01:11 AM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

In that scenario mate I think it just part of growing up of bitcoin and Its normal into bitcoin by up and down to its price daily. Don't accuse bitcoin in that way, if I were you I invest while its not too late. Because soon bitcoin will ris as skyrocket.

Yes, that is normal. Every time bitcoin growing up, there will be a time for bitcoin to go down and make the correction for a while. But after that, the price will get increase again and sometimes, the increasing of the price will be so high than before, and that will make us have the opportunity to make a bigger profit. But sometimes, the increase will be long enough to come, and no one will know about that.

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Quote from: normanderecho on May 31, 2019, 04:01:11 AM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

In that scenario mate I think it just part of growing up of bitcoin and Its normal into bitcoin by up and down to its price daily. Don't accuse bitcoin in that way, if I were you I invest while its not too late. Because soon bitcoin will ris as skyrocket.

Bitcoin is not growing from the beginning, all the current values have already been overcome in the past. So any growth has an organic growth trend. That is, if Bitcoin currently rises, it is not necessarily a bubble, since values have already been surpassed in the past...

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Quote from: Marry Finch on May 31, 2019, 01:20:31 AM

Bitcoin had a price last night, according to the CoinMarketCap table, $ 8,738, and today its price has fallen by almost $ 500 and is $ 8,289. This is a manifestation of the usual price volatility of cryptocurrencies and is not directly related to the financial bubble. Moreover, the higher the price of bitcoin will rise, the greater the price amplitude of such volatility may occur.
The manifestation of a bitcoin bubble will manifest itself when it grows very quickly in its price, as it was at the end of 2017. What it led to, we have already seen.

Some traders and investors that targeted the $9k line probably removed some of their BTC, but it doesn't mean that it will last long since many positive investors aim to hold for now. It's not a bublle really or a correction. Price tends to move and up being a crypto that is volatile.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

In that scenario mate I think it just part of growing up of bitcoin and Its normal into bitcoin by up and down to its price daily. Don't accuse bitcoin in that way, if I were you I invest while its not too late. Because soon bitcoin will ris as skyrocket.

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Bitcoin had a price last night, according to the CoinMarketCap table, $ 8,738, and today its price has fallen by almost $ 500 and is $ 8,289. This is a manifestation of the usual price volatility of cryptocurrencies and is not directly related to the financial bubble. Moreover, the higher the price of bitcoin will rise, the greater the price amplitude of such volatility may occur.
The manifestation of a bitcoin bubble will manifest itself when it grows very quickly in its price, as it was at the end of 2017. What it led to, we have already seen.

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Quote from: Bezobraznike on May 21, 2019, 03:41:49 PM

Quote from: Blacknavy on May 21, 2019, 03:29:47 PM

The fact that Bitcoin's price is too volatile does not mean that it is a balloon. This market is still in its early stages and the future Bitcoin will be much more valuable. The more the bitcoin is evaluated, the less volatile it will be.

Bitcoin is like a boiling water, bubbles appear and popping all the time. Nobody actually knows when this water will stop to boil, but we should to get used to such things as deep drops and pumps, even if it is happening in a very short period of time.

In such a revolutionary technology it is common for Bitcoin to have this great race all the time. Sometimes it can be manipulation or new users doing their shopping without knowing the reason ...

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Quote from: Blacknavy on May 21, 2019, 03:29:47 PM

The fact that Bitcoin's price is too volatile does not mean that it is a balloon. This market is still in its early stages and the future Bitcoin will be much more valuable. The more the bitcoin is evaluated, the less volatile it will be.

Bitcoin is like a boiling water, bubbles appear and popping all the time. Nobody actually knows when this water will stop to boil, but we should to get used to such things as deep drops and pumps, even if it is happening in a very short period of time.

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The fact that Bitcoin's price is too volatile does not mean that it is a balloon. This market is still in its early stages and the future Bitcoin will be much more valuable. The more the bitcoin is evaluated, the less volatile it will be.

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Quote from: Queen_Amber on April 25, 2019, 07:40:39 PM

i understand you guys optimistic about bitcoin, but come on! this market is full of panic sellers and its obvious that one day people will panic sell it down to $1000... like all the newbies getting into bitcoin is making things very bipolar. like arent you guys at least a little scared about how much bitcoin can crash so quick?? its crazy to me Huh

This was my attitude in 2015, then i thought it would be a real possibility that this would be over. Now the Fundamentals are better then ever and i am more bullish then ever. Even the ta couldn't be looking better. But yeah, volatility can be scary, it can be highly profitable too.

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Of course, some people will want to create this FUD that bitcoin will go down because there are two types of people who want it to go down, either the people who missed out on buying from the bottom and now they want it to go back down so they can buy some and than we can go back up or people who bought short futures which will help them if bitcoin goes down and hurt them when bitcoin goes up.

Never forget that there are always people out there who will want bitcoin to fail for their own agenda, humanity works that way, first what I want than what others need, even if someone sees the poor instead of taking the bus they will take the cab and not give the difference to poor people, that is how humanity is wired so if they want bitcoin to fail that is just good old jealousy.

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I think that price changes are normal because bitcoin is volatile, and we should keep thinking calmly so it's not easy to panic.

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Quote from: BitBite5 on April 26, 2019, 12:55:27 AM

I don't know why such surprise. By now everyone should have learned how the bitcoin is functioning and everything about volatility. Price can change very quickly, sometimes in our favor sometimes not but that doesn't mean bitcoin is a bubble. As well as went down it could easily go up again.

The OP must have really been a newbie to have been surprised at the sump to the extent of thinking it is a bubble and will plunge that low to $100, if Bitcoin was even to plunge deeper than it is now, what I expected is $4500 before continuing on its bull trend, things like this has happened a lot in the market, and like you said, it could be favor to some people.

Instead of us just speculating things that are not real or will happen like OP, we need to just create pump back by pressing people to buy and hold at this price, and then be patient till we see a price rebound which will always happen after correction.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

Why does people are always arguiny whatever the price comes, if the price raise for more than a hundred dollars then they are saying it is the start of pump and if the price drops by couple of hundreds they are now worrying. Let us keep in mind that the price will move if the investors are simulteneosly did a same actions in the market.

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Do you even know what bubble is? The price was increasing very steadily and smoothly. It wasn't a one shot rise. No way this was a bubble. The price falling down to $5,117 might actually be a correction, that's it. We are still on the green side if you compare the price withing the last few weeks! And, no, its not because of one single entity the price has crashed. There might be other reasons too.

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Why can't dump fast? If bitcoin can pump fast. That's call volatility, and it's not unexpected. After dump you can see today again pumping. It was just a pull back and its growing again. I don't think anything wrong with it. Is it really possible that bitcoin will always pump? I don't think its possible. So its not matter of worry. That's the way how investors are getting profits. Seems on Binance, hourly candle ends up with green and new candle started with green as well. Also price playing around $5.3K. That's means in going recover of ATH of 2019.

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Since i'm in crypto for how many years. I'm not surprised about quick changes in price. I've seen so much of that scenario. Btc is known for doing unexpected things so it wasn't new to see the price decreasing or increasing bigs in a short period of time more than you expected. It was kind of normal to me now.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

I don't think it's gonna happen.

There was a big pump which until now we are seeing the price it has brought, a sudden dump could happen, this market is still volatile.
I will not complain because we are from $3800 and we reached $5400 and only dumped at $5117.
Even if it took minutes, what's vital is how long it has stayed, and I'm seeing a good price movement lately.

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Quote from: bitcoin31 on April 27, 2019, 08:03:04 AM

For $100 maybe someday but in just one day I don't think so because even dumping have processed happen they decreased maybe from this price incase to the $100 in just months only if the people continue panic selling their coin. But the happening right now is normal because we know market can rise fastly so it can down fastly too.

The ups and down will keep on happening and it does not mean that btc is a bubble and so it has fallen . It is volatile market so price will rise and fall as well and we should be more thinking form the long term perspective so that you can make money in long term.

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For $100 maybe someday but in just one day I don't think so because even dumping have processed happen they decreased maybe from this price incase to the $100 in just months only if the people continue panic selling their coin. But the happening right now is normal because we know market can rise fastly so it can down fastly too.

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If you look at the chart, there were recent moves that were a lot more "strange" as the dump/pump was higher... I am recalling for example last christmas...
People just go with the flow and refuse to think about things... how many users on crypto-space? and from these, how many hold a decent amount of BTC? The total volume is nice but still a child in comparison with stock markets... So we come to the quick conclusion that there are just a few large holders and it is fairly easy for these market makers to do whatever they want with the price...
Have you thought that these chart gurus that are all over the web drawing lines and supposedly predicting the behaviour of BTC, are just spreading what the market makers want, it would also be fairly easy to send a few signs on the charts and then liquidate positions...

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Quote from: samcrypto on April 27, 2019, 02:20:57 AM

Quote from: BeGoods on April 27, 2019, 12:10:31 AM

Quote from: UnDerDoG81 on April 26, 2019, 12:18:59 PM

You must be kidding or you are new to Bitcoin. $300 bucks or more down in 2 minutes is so common... No need for panic... It could even drop back to 3k ish... Hold...

That's right, there's no need to make it a big problem and cause panic, we often experience that right? precisely now is the opportunity for you to buy again, if you have already managed to sell at a price of $ 5500 before, right now its the best time to rebuy

$300 is just a small amount to say its bubble and i agree that this is very common. Bitcoin is not bubble, its normal for any market but don’t panic and don’t believe that its bubble because since the peak they are saying it but its not proven. I’d rather buy more now than to panic, its just small and it can’t hurt the total market.

I agree, it's just normal, there's some bad news, the market reacts, sell-offs in the horizon. Net effect? -$300. But people are now buying, we are just above $5200 now, I thought the news will really push the price below $5k at least temporarily. So there's no need to panic, the market is back and confidence is in full swing again.

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Quote from: BeGoods on April 27, 2019, 12:10:31 AM

Quote from: UnDerDoG81 on April 26, 2019, 12:18:59 PM

You must be kidding or you are new to Bitcoin. $300 bucks or more down in 2 minutes is so common... No need for panic... It could even drop back to 3k ish... Hold...

That's right, there's no need to make it a big problem and cause panic, we often experience that right? precisely now is the opportunity for you to buy again, if you have already managed to sell at a price of $ 5500 before, right now its the best time to rebuy

$300 is just a small amount to say its bubble and i agree that this is very common. Bitcoin is not bubble, its normal for any market but don’t panic and don’t believe that its bubble because since the peak they are saying it but its not proven. I’d rather buy more now than to panic, its just small and it can’t hurt the total market.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

How? Don’t you have an investment in BTC, Don’t I have also? We have millions of people that have invested in BTC, so where are those people’s investment in BTC if you say it is being controlled by one entity? Cryptocurrency dumping practice in the market is inevitable, so long we have people who are taking profits on a short term.

This would not be the first time BTC will dumb so hard and pick up again, let me tell you, every dump in price of BTC is a blessing for someone, just like it is for me, I have been waiting for the opportunity I got and I gran=bed it immediately it came, I am sure, the value will pick up back speedily real soon.

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Quote from: Adriano2010 on April 26, 2019, 06:50:02 PM

No i don't think was a bubble, but maybe bitfinex and tether caused this and after all will be fixed the price will continue grow in my opinion, but we need more and more people to buy before bull run.

https://www.bitfinex.com/posts/356

You spot it right. People here chitchatting here nonsense about what happened without finding what is the cause of this price action. Due to the illiquidity of Tether that used to cover up 850M USD loss. Then 900M USDT has no fiat backing in the bank that causes this tremendous slide down. But this kind of news killing the growth of blockchain technology. Embarrassed

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Quote from: UnDerDoG81 on April 26, 2019, 12:18:59 PM

You must be kidding or you are new to Bitcoin. $300 bucks or more down in 2 minutes is so common... No need for panic... It could even drop back to 3k ish... Hold...

That's right, there's no need to make it a big problem and cause panic, we often experience that right? precisely now is the opportunity for you to buy again, if you have already managed to sell at a price of $ 5500 before, right now its the best time to rebuy

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No i don't think was a bubble, but maybe bitfinex and tether caused this and after all will be fixed the price will continue grow in my opinion, but we need more and more people to buy before bull run.

https://www.bitfinex.com/posts/356

BitHodler

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Quote from: fabiorem on April 26, 2019, 06:52:44 AM

Manipulation through derivatives.

Too lazy to explain what platform you are referring to? BitMEX? CBOE? CME? Deribit? All of them combined?

This crash has nothing to do with manipulation or the situation Tether is going through. It was all related to the overly bullish sentiment and the correction that was looming for a while now. In other words, the technicals.

The $6000 mark is too much of an obstacle to poke into right away. All that would happen is trigger a massive dump, which some large pockets weren't keen on and cashed out profits before the actual test.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

Is the crypto bubble finally coming to a end?

maybe it's over

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

Why and HOW is it possible for bitcoin to dump that much that fast?

the price can fall fast, in the same way that the price can go up fast ... this crypto market has always been like this, you should already be accustomed to this

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

Is seriously you're asking that question? bitcoin is something decentralized

1Referee

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Quote from: UnDerDoG81 on April 26, 2019, 12:18:59 PM

You must be kidding or you are new to Bitcoin. $300 bucks or more down in 2 minutes is so common... No need for panic... It could even drop back to 3k ish... Hold...

People always panic over nothing.

I am actually quite disappointed by this 'crash' because I expected more with how the news around Tether was the perfect bit of fuel for panic dumpers to unload. It's going to be interesting to see how the price will be holding with the weekend kicking in. If the bulls still defend $5000 as firmly as they have in the last weeks, then that's definitely an indication of increased demand.

I personally expect $4800'ish to be tested this weekend, where if that level doesn't hold $4300'ish should offer a sweet bounce that I'll long.

coinplus

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Going down to 5117 is not really "going down" we didn't had those prices only few weeks ago and now when we "drop" to 5117 we are calling it a bubble. We have to first learn what the bubble is and calling something bubble just because you want to really shows how much you know these things.

A bubble is something that has a super high price that should not be, learning from tulipmania when even a bulb of tulip could buy you a house in Netherlands was the time it really didn't make any sense, why would a tulip cost that much and then of course the bubble burst and you could buy a hundred of them for couple kilos of potato which of course put the people who paid high into shame. Now bitcoin went from only 5420 to 5117 which objectively not a big fall, do you think both of these things have anything in common?

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Bitmex was leading the dump while I was sitting at my computer, and the system was also unfortunately overloaded for the most part during the time that we plunged from the $5400s down to the mid 4900s at the lowest wick. Cascading liquidations did not help out, nor the fact that it was very, very difficult to put any orders in through the trading engine during that time. Finex news also attributed to why we dumped several percentage points, though that was only the spark needed for the fire to start burning. Several indicators pointed towards a top at that point in time and we were also in overbought territory before the dump.

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It is very clear that one of the big whales has taken profits from the little gain the market has witnessing. I think we are going to have a strong support at $4900 and as such I expect a strong recovering any moment from now.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

@Queen_Amber welcome to the volatile world of crypto’s it seems to me you have no knowledge of crypto markets, hence I would advise you to gather more knowledge about how crypto market works. The prices in crypto market are never stable they feed on sentiments, and the fall in prices was due to reported looses of Tether. No you’re wrong bitcoin is not a bubble and no one controls bitcoins, honestly $100 fall is not a big fall it will recover just hodl them.

For more information read this article: https://dailyhodl.com/2019/04/26/bitcoin-btc-price-stalls-on-indias-push-for-total-crypto-ban-and-850-million-tether-bombshell/

UnDerDoG81

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You must be kidding or you are new to Bitcoin. $300 bucks or more down in 2 minutes is so common... No need for panic... It could even drop back to 3k ish... Hold...

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I would call that is a flash dump, but the price is back to $5000 again now. I don't want to be worried by seeing the chart that was showing bitcoin price getting down deeper because I am sure that the price will be getting up to the higher price again. And that will be a good moment to buy bitcoin in a few hours ago because the price can touch $4xxx price which we are difficult to see it again in the future.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

Why and HOW is it possible for bitcoin to dump that much that fast?

That's the market in action, dude. Buying and selling, and it looks like there are more sellers than buyers at this particular moment--this is bitcoin, which is notorious for its volatility. It's gained and lost at least this much percentage-wise since I've been into it, which has been a few years now. This isn't exactly bubble behavior, just volatility.

The bullish way the market is right now, I'd probably say that this is a dip you'd want to buy, and I don't often say "buy the dip". I think this is just a pullback, which also isn't surprising given how fast bitcoin rose in the past couple of weeks.

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Price fluctuations of a few hundred dollars over a few minutes are commonplace for decentralized cryptocurrency. Therefore, such a decline in the price of Bitcoin should be considered commonplace. As proof of this, the current Bitcoin price can be cited, which, according to CoinMarketCap, is 5334 dollars. Most likely, Bitcoin will continue to grow in price. This year its relatively slow growth is expected, although some price spikes and a sharp drop are quite possible due to its high level of price volatility in its nature.

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It was caused by a flash crash on Kraken:

https://cryptopotato.com/cheap-btc-bitcoin-suddenly-drops-1000-on-kraken-exchange-in-a-flash-crash/

Quote

In a flash crash event, bitcoin plummeted in price on Kraken today. Crypto’s largest asset quickly rallied, however, providing one massive lower candle wick for price action.

Bitcoin dove more than $1,000 on Kraken’s crypto exchange on April 25, as seen in the chart below. The price provided a catastrophic wick, from around $5,400, down to $4,357, and subsequently rallied right back up to a normal trading range. The whole whiplash event occurred within five minutes or so, involving a trading volume of more than 1,500 Bitcoin in that period, as can be seen on the following 30-minute candle chart.

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Quote from: buwaytress on April 26, 2019, 06:31:12 AM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

Strange how so few people wondered to ask when the opposite spike happened in twice the amount (20%) as opposed to barely 10% on this slide. If you're happy to take a 4k to 5k spike in a day, then you must be just as prepared to take a $500 slide in a few hours.

This is Bitcoin, this is crypto. It's volatile. Let's get over it any put on our long-term glasses, shan't we?

Also a sign of bullish market, higher low. It is true that in every price climb there is always a correction then a short sideway before going up again for higher high. Many people panic (probably newbies caught on the transition) but this is a natural occurrence in Bitcoin market. If only they are here for years, this plummet is nothing compare to the price decline last year.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

Strange how so few people wondered to ask when the opposite spike happened in twice the amount (20%) as opposed to barely 10% on this slide. If you're happy to take a 4k to 5k spike in a day, then you must be just as prepared to take a $500 slide in a few hours.

This is Bitcoin, this is crypto. It's volatile. Let's get over it any put on our long-term glasses, shan't we?

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Quote from: therhslv on April 26, 2019, 05:00:09 AM

I dont think its bubble , best that comes to mind is the Bitfinex and USDT Court Fillings news , its around everywhere now , will find it on BTC news sites definetly . I guess its best time to grab some before it's not too late =D

Yes, this news affects the current trend, the dumped from that exchange has been felt around and same reactions with panic / weak holders, automatically sell out afraid of being trapped holding coins which they've bought for good value, but we are seeing some good barrier and still the price is not falling below $5k, still good to believe that it's not a bubble and the reverse will happen again.

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

Bitcoin isn’t a bubble & nothing is coming to an end
Price dumped $300 due to Tether FUD
No, Bitcoin isn’t controlled by one entity
Stop making dumb, noob threads

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

That's not bubble lmao.
You need to understand the growth graph of Bitcoin and should know how volatile Bitcoin is.
The Downfall caused is due to less people investing. Or you can say the marketcap is low.
Now wait for the good days. As i can see that BTC is increasing soon.
Let's hope best for the future.

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I dont think its bubble , best that comes to mind is the Bitfinex and USDT Court Fillings news , its around everywhere now , will find it on BTC news sites definetly . I guess its best time to grab some before it's not too late =D

DeathAngel

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

OP, are you retarded?
A $300 price movement is nothing. If you don’t know what you’re talking about & have little to no experience of bitcoin market movements then don’t open yourself to ridicule & create threads like this.

Bitcoinwaist

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

with the fake bitfinex tether news it was an excuse for whales/traders to take profits. it depends now on how they want to treat this narrative. either drive the price down to lock in bagholders who have been buying the last month, or we continue on upwards. bitfinex snapped back to $5400 but its very odd that now coinbase has a $200 spread whereas over the past month the difference was maybe $30-$40 Huh

exstasie

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

That's only a 5-6% move. That's nothing for Bitcoin. This is totally within the realm of normal. You'd have your mind blown if you saw the mega dumps we used to see years ago. Frankly, Bitcoin is boring these days.

That dump probably marked the top though. Get ready for more blood over the next month or two.

klaaas

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Most where waiting for this dip the question was how low would it go and when. It is still not over, we have to see how today will play out but it can go even lower.

Gaff

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Quote from: FlightyPouch on April 25, 2019, 11:24:17 PM

Quote from: bounty.cvn on April 25, 2019, 11:17:11 PM

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!

It may be the best time to buy but for the people that are starting to panic, we should not always deduct a bad thing to a certain price decrease since we all know how volatile our investments are. Bitcoin and most of the crypto currencies are usually volatile.

Maybe it's a good advice for those people who really had strong mindset towards bitcoin price. It's not actually bubble if we see price change after 2 minutes, rather a normal fluctuations happened randomly. That's somewhat a negative thoughts coming from panic traders who expects a lot from current price increase. Every person must have fair thinking in every certain situations like price variations, and never be intimidated with a simple scenario. The process of on going price recovery was still trying to cover up so it will correct minor issues, that hinders the price increase.

gabbie2010

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Quote from: UmerIdrees on April 26, 2019, 12:17:46 AM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

I think you are very new to the bitcoin world. Whales do manipulate the bitcoin price but it is not control by one entity. Yesterday there was a fud of Bitfinex covered 850$ Million dollar loss through Tether. This news made the market dump but it recovered fast. There has been manipulation going on with bitcoin and crypto currencies.
Everyone shorting or longing the bitcoin would have been REKT by this bitcoin move.

I believed price is reacting to the fundamentals that why its very important to take notes of crucial and upcoming news about bitcoin that can influence the price of bitcoin every cryptos enthusiasts and traders shouldn't be caught unaware by such an event that can make an instant impact on the price many traders must have taken profits at a price of $5600 before the announcement while the price retraced to $5100+ this is another opportunity to buy and accumulate now.

BitBite5

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I don't know why such surprise. By now everyone should have learned how the bitcoin is functioning and everything about volatility. Price can change very quickly, sometimes in our favor sometimes not but that doesn't mean bitcoin is a bubble. As well as went down it could easily go up again.

proTECH77

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

Personally, can't see a dump rather than a fluctuation around the market, also, remember that the entire market is volatile, so, nothing to worry. Bitcoin is not in the hand of one entity, we have seen series of dumped ever since 2018, which at the end they market came back strong than before. Hope that, the bubble will start soon for every Bitcoiner to maximize profits.

Kakmakr

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I think most of the comments are a bit harsh and most "newbies" make this mistake when they invest in Bitcoin for the first time. They are not used to this kind of volatility, so they panic very quickly when there is a $100 to $200 dip in the price. Wink

The older investors has gone through 1000s of these dips and are used to this kind of volatility, so they quickly become irritated when they see posts like this.

My apology on behalf of us all, just ignore this and wait for the $100 to $200 recovery to make some small profits. Wink

millgates

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

It's not that surprising, actually it isn't a bad thing. The extreme fluctuations price of bitcoin is ine of factors that makes many investors start to trading bitcoin because it provide bigger chance to gain profit in the short time. Most of bitcoin holders also bitcoin traders, so most of traders will sell their bitcoin when the price go down. Panic selling is frequently happen, but we must agree that bitcoin still profitable as an investment.

UmerIdrees

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

I think you are very new to the bitcoin world. Whales do manipulate the bitcoin price but it is not control by one entity. Yesterday there was a fud of Bitfinex covered 850$ Million dollar loss through Tether. This news made the market dump but it recovered fast. There has been manipulation going on with bitcoin and crypto currencies.
Everyone shorting or longing the bitcoin would have been REKT by this bitcoin move.

Jayshree85

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

With this little dump you are crying bubble but when the price moved up same way why did not you started to cry bull bubble. Why are the traders not realizing that it went more then 50% up then their is obvious that market have to correct some 10 to 20% so that it can go up back.

I dont think that this is bubble but it is a small correction before market start to move up.

jubilarian

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With what happened in crypto market, I see that it's normal

. When market has FUD, the price can decrease within some minutes, it makes a long red column.

Aldrinx00

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It's the same as when bitcoin price went up to $5k to $5.5k, traders are taking their profit and never assumed that the price will always go up. We can't call it a bubble but a simple liquidation of investors/traders.

LogitechMouse

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For fuck sake, how many times this topic has been created to this forum. Grin

You made my day with this post Cheesy

.

Its just a minor fluctuation and there is no crypto bubble there. Its just a small price increase followed by a price drop. Probably there are some huge investors that sold their Bitcoins already to get some profit but there is no bubble there Cheesy

FlightyPouch

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Quote from: bounty.cvn on April 25, 2019, 11:17:11 PM

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!

It may be the best time to buy but for the people that are starting to panic, we should not always deduct a bad thing to a certain price decrease since we all know how volatile our investments are. Bitcoin and most of the crypto currencies are usually volatile.

bounty.cvn

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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!

mich

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Just because the price dipped 303$ does not mean that Bitcoin is a bubble.
Bitcoin went up more than 303$ last week so of course it will even out.
I am not even so sure if this is a serious thread or not.
When the price dips back down to 3000$, then we can start to be concerned

bounty.cvn

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I want talk to you 1 thing. It's 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!

misterjo

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the price fell because they have presented a demand to the exchange Bitfinex and Tether, surely some whale sold a large amount per panic, also the "stop limit" also make the fall is faster

Pr3ko

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This is the reason : https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege
i think so

bounty.cvn

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Quote from: Yakamoto on April 25, 2019, 06:42:07 PM

Quote from: shield132 on April 25, 2019, 06:26:57 PM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

haha, it's never ending. Bitcoin has dumped that much so quickly and can say the absolutely opposite, it has risen up very quickly too, by 4k in one week when there was old good times of rising from 600 usd to 20k.
There is no way bitcoin will be 100$ one day, if that happens, believe me, this coin will be dead even if giving up on mining won't kill before.

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.

It's great to see the price of bitcoin recovering. Pessimists are always afraid when the price of BTC drops. But believe me, even if miners have mined 21 million Bitcoin, there will still be a way for Bitcoin to exist and develop. Because Block chain technology is of present and future. I love Bitcoin

bounty.cvn

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Quote from: Duzter on April 25, 2019, 06:25:52 PM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

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.

I agree with you. People who believe in the future and Block chain technology will not let Bitcoin die

Baofeng

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Quote from: Kemarit on April 25, 2019, 09:04:22 PM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

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.

And this is the official response from Bitfinex.

Quote

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.

https://www.bitfinex.com/posts/356

So let us see how this whole drama will go on. Lately we have seen's lot of shenigans and soap operas (remember CW vs everyone else Grin

). There has been lots of accusations on Tether as early as 2017 if my memory serves me right, so this is the right time to prove all allegations wrong in the court.

pooya87

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haha, it was so funny bro. it is a 4% drop where price didn't even go below $5k resistance and you are panicking like this much! i suggest you stay away from bitcoin then because you will probably have a heart attack soon if you keep this up since 4% and small percentages like that are not even the "volatility' that bitcoin usually has and as we continue rising up towards the previous ATH the volatility will increase and if you are getting scared like this now you will have nightmares then.

kamBlanV

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this is a decline that makes us shocked. but. this is the crypto world. rapid and very unpredictable volatility. BTC still has the opportunity to create bullish again. we only need time. I predict that an entity will not be able to drop the bitcoib value without being supported by other factors.

dothebeats

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Cashback 15%

Could just be a minor fluctuation or someone sold a huge quantity in just a short span of time. It usually happens every once in a while, then the price comes rising very quickly as if nothing happened (we're sitting @ $5200 now). If this bubble has popped, you can see the price continuously falling down into the abyss, but that's not the case in here. Market sentiment is still very bullish now, and I don't think it's bound to change any time soon.

ardentvolcanoes

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Quote from: Moiyah on April 25, 2019, 10:19:28 PM

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.

Whales played with the price, there's no certain reason for the price to fall that much, I was thinking that it will decrease by a $100 then went up again but
that's not what happened, falling more than that and it seems its trying again to accumulate and make another run, lets wait and see.

Moiyah

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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.

shesheboy

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Quote from: feryjhie on April 25, 2019, 06:59:15 PM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

Is the crypto bubble finally coming to an 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?

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

What bubble you guys are talking about ? Bitcoin is not a bubble because it is existed for over 10 years and counting . if it is really a bubble then it is already bursted and over . last 2017 when the value declined . there were lots of threads created saying that bitcoin is a bubble but after several days , the price is showing signs of recovery . see ? Bitcoin is not really a bubble . now the dump is not really that hard compare to the year 2017, so there is no need to panic too much .

darklus123

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I love this bubble tho, it has always been like this and guess what you are too worried about the little bubble. How much more if you are going to experience the same thing back on 2017 to 2018.

From october 2017 we are only on the price of $4,353 then on November the price skyrocketed to $9k then on Dec 2017 the price went to the universe to $13k

Then it bubbles down to $5k by now tho most of us gain our benefits from those. Is there any difference starting from now to then?

Kemarit

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

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.

Genemind

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It's normal yet it's profitable at the same time. I think it isn't a bubble but it has a big chance that the prices could go more in the next days. During this market situation, we can just take advantage of it. It's the right opportunity for us to do day trading since the prices and changing in time.It's still part of bitcoin's volatility.

reallester

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

no, bitcoin not controlled by one person or entity. price become fluctuatif. this is bitcoin, you have much learn bitcoin many time for know who is

BlackPanda

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

Indeed there are people who have very large funds and these people can make price changes so quickly. The person has the ability to dump and pump easily. But there is also a public situation, because the price of Bitcoin is influenced by demand factors, so that when the public is confident the price increases and when confidence decreases due to negative news, the price decreases.

BlockChainGuy101

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I did a video explaining 3 reasons causing the crash, check it out here and please if you like it take a minute to subscribe to the channel and like the video.

Video: https://www.youtube.com/watch?v=KlaEhaX0o8s

Pumared

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

The asset has much demand, nothing more. If you are buying without knowing the reason the error is not of the asset, the error is yours.

Queen_Amber

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Cryptocurrency is the FUTURE!

i understand you guys optimistic about bitcoin, but come on! this market is full of panic sellers and its obvious that one day people will panic sell it down to $1000... like all the newbies getting into bitcoin is making things very bipolar. like arent you guys at least a little scared about how much bitcoin can crash so quick?? its crazy to me Huh

olliecrypto

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unless someone is holding a dozen or more bitcoins, i dont see a 300 drop really being much of massive drop.
most users that i have experienced hold not even .5 btc, so this 300 drop doesnt seem as if it will scare off very many people

moha sasa

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

- Indeed, it is a very good buying opportunity.

feryjhie

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

Is the crypto bubble finally coming to an 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?

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

jossiel

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Too much worried? seems new? no it's not new anymore. We've got to see this happen whenever the market pumps that much.

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

Why and HOW is it possible for bitcoin to dump that much that fast?

Whales sold and followed by panic selling.

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

No it isn't controlled by anyone. To say at least, well bitcoin might pump to that extent and unbelievable high price and it could also go down as low as your expected price.

Dreamchaser21

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Activity: 686

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Its profit taking and not a bubble. We are stable for almost a month on $5k so I think its not a bubble and bitcoin is not a bubble. Don’t worry because its just a small correction and expect a more high price as we enter in the second month of the quarter.

Yakamoto

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Quote from: shield132 on April 25, 2019, 06:26:57 PM

Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

haha, it's never ending. Bitcoin has dumped that much so quickly and can say the absolutely opposite, it has risen up very quickly too, by 4k in one week when there was old good times of rising from 600 usd to 20k.
There is no way bitcoin will be 100$ one day, if that happens, believe me, this coin will be dead even if giving up on mining won't kill before.

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.

kotajikikox

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Stay cool and relax its a normal for bitcoin fluctuation moves. Since the bear market start we know and can get all get learn all about fast movement of price pump and dump situation.

Bitmagister

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In reality, a loss close to 6% is not as abnormal in the crypto market, as it would be in any other market, where a 2% fluctuation can be of great concern to investors.

Keep in mind that every market moves with this type of fluctuations permanently, because there is no currency or asset that only moves in a linear way up, but a major correction usually occurs after a movement of great magnitude, and not we must forget that bitcoin in this month has grown more than 50%.

jademaxsuy

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It is just normal. It seems that the market price has been controlled of to where they make an adjustments on what price that it will fall after calculating the possible selling og BTC and that I think the seller would.not like to make BTC drop below to 4K usd again.

Well, this is another good time to invest while market is down. Putting some money on it will let you earn in next few weeks. BTC has just started to make recoveries so there is no way it can go down again.

shield132

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

haha, it's never ending. Bitcoin has dumped that much so quickly and can say the absolutely opposite, it has risen up very quickly too, by 4k in one week when there was old good times of rising from 600 usd to 20k.
There is no way bitcoin will be 100$ one day, if that happens, believe me, this coin will be dead even if giving up on mining won't kill before.

Duzter

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Quote from: Queen_Amber on April 25, 2019, 06:16:09 PM

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?

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.

Queen_Amber

member

Activity: 214

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Cryptocurrency is the FUTURE!

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?

Topic: Bitcoin went from $5420 to $5117 in 2 minutes! Bubble? (Read 759 times)