Bitcoin will go down! | Bitcointalksearch.org

Altcoins enthusiast

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Quote from: GhostWithin on March 25, 2018, 12:54:56 AM

7000 BTC was moved to Bittrex.
There are rumors that MtGox is involved in this. There are some implying association to Mt.Gox, Bittrex wallet and even Winklevoss. But in any case, trying to sell them quickly can reduce the price of bitcoin.

https://bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

As soon as the price grows, it is lowered down again.
Do you still think that this is a coincidence?

I think this might be the reason why bitcoin is dropping in price since three days ago. If this is really then bitcoin may drop further in days to come and we should be prepare to buy bitcoin now as we would be get it at cheap price and mtgox will sell of everything and one day no more bitcoin to dump.

mostkey

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Quote from: tomahawk9 on March 25, 2018, 02:19:42 PM

Quote from: mostkey on March 25, 2018, 02:16:16 PM

I also believe that MtGox is behind it all.

No, those coins belong to a bittrex operation (they're probably just moving 7k btc from one cold wallet to another, or someone is withdrawing btc) but there are no connections to mtgox.

after reading some of the news, and there is really no indication that mtgox is behind it, we are only surprised by the displacement taking place on a large scale. mungin was just a panic from some circles that trigger hoax news from some media

xtrump101

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Quote from: GhostWithin on March 25, 2018, 12:54:56 AM

7000 BTC was moved to Bittrex.
There are rumors that MtGox is involved in this. There are some implying association to Mt.Gox, Bittrex wallet and even Winklevoss. But in any case, trying to sell them quickly can reduce the price of bitcoin.

https://bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

As soon as the price grows, it is lowered down again.
Do you still think that this is a coincidence?

i think its a normal trading event after the big dip lots of uncertainty in this consolidation phase and a lot of factors affecting it, i think the best way to play this is to buy the dips and long hold for about 3months, i thin its the safest way to deal with.

moonblocks

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Quote from: GhostWithin on March 25, 2018, 12:54:56 AM

7000 BTC was moved to Bittrex.
There are rumors that MtGox is involved in this. There are some implying association to Mt.Gox, Bittrex wallet and even Winklevoss. But in any case, trying to sell them quickly can reduce the price of bitcoin.

https://bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

As soon as the price grows, it is lowered down again.
Do you still think that this is a coincidence?

Where did all these rumors originate from?

There are other large transactions that have occurred with that wallet recently

Were there any major decreases in the price of Bitcoin then?

GhostWithin

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Quote from: supandi wiharja on March 26, 2018, 12:51:24 PM

In fact the current bitcoin price has gone down and this will make everyone panic and fear the bitcoin price does not go back up.
I hope in April this situation will be over soon and the price will grow again as soon as possible.
I'm afraid if the price keeps going down, someone's interest in bitcoin will disappear and they will switch to altcoin that has good potential, then bitcoin automatically will not be worth anymore.

For such people, I advise to look at the situation as a whole. And the situation is that bitcoin increases in price year after year. Many factors affected the price reduction from 20,000 to the current 7,000 and all were expected.

Don't panic, think with your head

1Referee

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Quote from: supandi wiharja on March 26, 2018, 12:51:24 PM

In fact the current bitcoin price has gone down and this will make everyone panic and fear the bitcoin price does not go back up.

Only noobs think like that. Every bit of volatility, decrease, etc, we experience in the short term, doesn't harm the long term price, just look at the charts to see.

Quote from: supandi wiharja on March 26, 2018, 12:51:24 PM

I hope in April this situation will be over soon and the price will grow again as soon as possible.

What's so special about April to suddenly change the sentiment? People need to chill out and accept that the market can't keep pumping endlessly. People also need to look at facts, and the main fact is that even at current levels, we're still $7000 higher than last year's price, which even for Bitcoin is quite an insane increase. Allow the market time to adjust itself.

Quote from: supandi wiharja on March 26, 2018, 12:51:24 PM

I'm afraid if the price keeps going down, someone's interest in bitcoin will disappear and they will switch to altcoin that has good potential, then bitcoin automatically will not be worth anymore.

Lol, you are pathetic. The entire crypto market is tanking, which implies that the overall short term demand just isn't there. In other words, it has nothing to do with people switching to whatever shitcoin. It's mind boggling how some people don't even manage to understand the basic principles of this market. Roll Eyes

supandi wiharja

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In fact the current bitcoin price has gone down and this will make everyone panic and fear the bitcoin price does not go back up.
I hope in April this situation will be over soon and the price will grow again as soon as possible.
I'm afraid if the price keeps going down, someone's interest in bitcoin will disappear and they will switch to altcoin that has good potential, then bitcoin automatically will not be worth anymore.

haroldtee

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Quote from: GhostWithin on March 25, 2018, 12:54:56 AM

7000 BTC was moved to Bittrex.
There are rumors that MtGox is involved in this. There are some implying association to Mt.Gox, Bittrex wallet and even Winklevoss. But in any case, trying to sell them quickly can reduce the price of bitcoin.

https://bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

As soon as the price grows, it is lowered down again.
Do you still think that this is a coincidence?

Different rumors every now and then. I thought there was a rumor before on this MtGox Trustee halting his selling spree till September. So now, Winklevoss too is involved? And because 7000BTC was moved, we just attribute it straight to MtGox? Please!

It is becoming tiring and boring with the whole rumors and I hope all these are not just some final attempt to shed more weak hands from the market. From the look of things though and from the impulsive dump in the market today, it seems the bulls are not even ready to take charge and we may just have to live with some sidewards movement for the mean time as there is so much indecision in the market as to where we are even going next, but I personally do not see any need to worry until there is a need to worry.

krauzzer02

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Quote from: GhostWithin on March 25, 2018, 12:54:56 AM

7000 BTC was moved to Bittrex.
There are rumors that MtGox is involved in this. There are some implying association to Mt.Gox, Bittrex wallet and even Winklevoss. But in any case, trying to sell them quickly can reduce the price of bitcoin.

As you say it is just a rumor, no exact evidence that Mt.gox trustee is the owner of that bitcoin address as they are currently under investigation for the said notion, maybe some other people owned that address containing 7K btc it is not possible that other people still possess large sums of bitcoin from their stash, the thing is you cannot stop people from selling their coins as long as your not dumping bitcoin like the trustee did if he was guilty of that, bitcoin will always come down but not stagnant from the bearish market.

buwaytress

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Oh yawn, since when has 7000 bitcoins meant anything these days? Enough Mt Goxxing, this is the pullback that was bound to happen after the G20 attribution last week. Bears are gathering round this wintering market. The US Taxman has a mid April deadline before it starts going after all the people supposedly evading tax, so that might play a little into crypto sentiment in North America. Any hopes of Bitcoin stabilizing during the remainder of March seems to be fizzling out today, but there's still plenty of positives to take from Bitcoin's resistance at these levels.

Can't say I'm upset we didn't see 9.5k as I thought last week. Just more buying opportunities, I say.

chillitabit

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Quote from: GhostWithin on March 25, 2018, 12:54:56 AM

7000 BTC was moved to Bittrex.
There are rumors that MtGox is involved in this. There are some implying association to Mt.Gox, Bittrex wallet and even Winklevoss. But in any case, trying to sell them quickly can reduce the price of bitcoin.

https://bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

As soon as the price grows, it is lowered down again.
Do you still think that this is a coincidence?

you don't know if the price will go down, which means you're just spreading the fud. The reason could be that you're trying to decline the price to benefit from shorting your coins..

creeps

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Quote from: lablab03 on March 26, 2018, 12:51:04 AM

Don't be scared guys and control your emotions 'cause indeed it always happened and after this scenario the price will continue to grow for sure, and perhaps it will never go below 7k just keep holding. it's just a fud's which trying to manipulate the price to buy in a cheap price.

After a days of pumping not bitcoin is dumping again, but for me there's no reason to be scared. This is a great market, wake up! look at how every government showing some interest to support this thing simply because they know the opportunities of cryptocurrency in the future.

bhadz

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This can be due to this Mt. Gox Sell Off Paused Until September – Will Bitcoin Price Reach $20,000 Again? and what they want to do is sell before it all ends. Well we are all guessing who's behind this but don't make the people panic.

Quote from: pluMmet on March 26, 2018, 06:03:14 AM

Indeed looks bitcoin will fall

What's with that fall Just because someone wants to sell those coins it will be the fall of bitcoin? Don't think that way. Everyone wants to earn bitcoin and we are just in little situation while owner of those bitcoins does hold a lot.

upsidedown75

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Quote from: pluMmet on March 26, 2018, 06:03:14 AM

Indeed looks bitcoin will fall, but there are more likely that the bitcoin will come back up and to the invested it will be felt confused what to in doing, whether to sell or holding bitcoin

Whatever may happen I do prefer holding my bitcoins even bitcoin may break the previous bottom. But I do foresee that is not happening. I have been hearing the rumor (though still a rumor anyway) that the MtGox guy is pausing till September, so in the long run, you can just decide to view that bitcoin will bounce back or not until the further notice. Grin

Apparently, whoever is not bullish on bitcoin in the long run is definitely not supposed to be here but I sure would not mind a very low price like you said and anyone who wants to panic should watch me at the top as I keep getting more profit in the long run.

Lancusters

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Quote from: eann014 on March 26, 2018, 04:32:29 AM

Yes for sure it will go down and I think will go down more. Bitcoin is not that indemand nowadays because also with its price right now that's why there is only less people who are interested in bitcoin. Maybe if bitcoin price will go up, many people will get back their interest with bitcoin again.

You are not right. Interest in bitcoin is not reduced. Whales manipulate prices that's true, but it doesn't know that the number of users is decreasing. Many coins are concentrated in the hands of several people. This allows them to manipulate prices, but does not affect the popularity of bitcoin. The price will rise after the coins disperse among a large number of people.

pluMmet

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Indeed looks bitcoin will fall, but there are more likely that the bitcoin will come back up and to the invested it will be felt confused what to in doing, whether to sell or holding bitcoin

eann014

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Yes for sure it will go down and I think will go down more. Bitcoin is not that indemand nowadays because also with its price right now that's why there is only less people who are interested in bitcoin. Maybe if bitcoin price will go up, many people will get back their interest with bitcoin again.

leonair

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Conspiracy theories once again! because the price of Bitcoin is not rising that doesn't mean this is true or Bitcoin will go down for the nth time.

If it really was move to Bittrex does that mean it will be withdrawn into Fiat? then if that the case maybe it will affect the price of Bitcoin because 7k BTC is big but if I am the owner of that big numbers of Bitcoins I will not sell it today because I believe that the price of it will rise soon.

Quote

As soon as the price grows, it is lowered down again.
Do you still think that this is a coincidence?

Please calm your tits, you are just assuming things that will feed your imaginative mind.

magneto

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Quote from: GhostWithin on March 25, 2018, 12:54:56 AM

7000 BTC was moved to Bittrex.
There are rumors that MtGox is involved in this. There are some implying association to Mt.Gox, Bittrex wallet and even Winklevoss. But in any case, trying to sell them quickly can reduce the price of bitcoin.

https://bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

As soon as the price grows, it is lowered down again.
Do you still think that this is a coincidence?

Look, there is no point speculating whether Mt Gox is doing this or not. Just because someone moves coins doesn't mean that they are going to dump it all at one time or they're going to sell any at all.

The major resistance so far has proven to be along the lines of $9k. BTC did breach it once but failed to hold its ground above that level. Second time, it was unsuccessful at even hitting $9k even though it was well within reach.

So it's clear that there are bears keeping the prices down below $9k. Whether it's going to be Mt Gox behind this or Winklevoss twins dumping I don't know and I don't think it's ever going to be confirmed. Though doesn't matter who's dumping - someone is taking their profits now and feeling bearish. We may drop back to $7k-8k range but for now, we're probably going to recover up to a level close to $9k and test it again, if it doesn't reach it, then we may truly be in a bearish state for a couple of months.

Yaunfitda

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Quote from: lablab03 on March 26, 2018, 12:51:04 AM

Don't be scared guys and control your emotions 'cause indeed it always happened and after this scenario the price will continue to grow for sure, and perhaps it will never go below 7k just keep holding. it's just a fud's which trying to manipulate the price to buy in a cheap price.

The problem is that too many people are easily swayed and for those newbies who are reading this thread, the title is somewhat misleading as I believed that the Mt. Gox trustee can't moved the coins without any court order so I don't know if this is a deliberate misinformation or someone is really manipulating the price from behind so that they can purchase cheap bitcoin.

And you will noticed that so called experts are seeing a price of $7K, which I don't think is possible as we have strong support at $8K levels.

Topic: Bitcoin will go down! (Read 479 times)