Bitcoin's price dropped down to $8,400 today. Wanna know why? - page 2.

exstasie

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Quote from: arbiter5 on September 24, 2019, 11:59:59 AM

Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile.

Fucking volatile is right. Now it just dropped to the $8,600s! Cheesy

This is probably a fake-out so be ready for the snapback, but.......the triangle everyone has been watching just broke to the downside:

1Referee

legendary

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Quote from: Qcrypto on September 24, 2019, 01:16:04 PM

A perfect opportunity for those who missed to buy cheap. Now another opportunity presents itself.

I doubt that. People who wait for a "perfect opportunity" are usually the ones who are missing out the most. If they right now are waiting for $7000 to start buying, they will lower their target once the price starts to come closer to that $7000 level, because they then expect it to go down more. That's how these "perfect opportunity" buyers will keep missing out.

If you're really bullish on Bitcoin, you dollar cost average every now and then to stack up satoshis.

aplistir

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Yep, OR because google published news about their working quantum computer, which was used to solve a problem that normal computers would take 10000 years to solve.

Yes, I do know it is not even close in being able to crack bitcoin, but such news can be worrying to some bitcoin holders.

Bitcoin value does reach to news as you would expect it to.

Qcrypto

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Quote from: franky1 on September 24, 2019, 12:29:35 PM

i too find it annoying when people scream murder when the price only moves a few percent.
to me and many i know, its never a price 'drop', 'crash' 'dump'. its instead a discount day to buy extra cheap

This and nothing else.

It's just a cycle going up and down.
A perfect opportunity for those who missed to buy cheap. Now another opportunity presents itself.

I wonder for how long?
This time next year, those same people will complain how they didn't buy when the price was low.

arbiter5

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The Nomad

Quote from: Naida_BR on September 24, 2019, 12:59:21 PM

So do you really blame the fact that bitcoin is actually traded in exchanges?
If bitcoin wasn't traded then it would have no life as people wouldn't be able to have easy access to it.

Yep. I quit.

ILuckyGuyI

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Bitcoin has been volatile since the date it entered the cryptocurrency market. This is one of the essential features of this market. As for the price right now, I believe this decrease is not too bad to worry.

Naida_BR

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Quote from: arbiter5 on September 24, 2019, 11:59:59 AM

Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.

There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye

So do you really blame the fact that bitcoin is actually traded in exchanges?
If bitcoin wasn't traded then it would have no life as people wouldn't be able to have easy access to it. The price drop is actually a correction to all this time increase, without any specific reason. Something like the bubble blew.

arbiter5

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Quote from: franky1 on September 24, 2019, 12:29:35 PM

i too find it annoying when people scream murder when the price only moves a few percent.
to me and many i know, its never a price 'drop', 'crash' 'dump'. its instead a discount day to buy extra cheap

Quote from: bitbunnny on September 24, 2019, 12:37:13 PM

Finally that someone realised that Bitcoin price drop is quite normal and that is part of volatility. It's just corrections and there is no need to develope some special theories about it.
But I'm still waiting panic posts about price crash and worried questions if to sell or not, if Bitcoin is dead this time and similar because some people never learn.

Thank fuck someone actually got what I was trying to say.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Finally that someone realised that Bitcoin price drop is quite normal and that is part of volatility. It's just corrections and there is no need to develope some special theories about it.
But I'm still waiting panic posts about price crash and worried questions if to sell or not, if Bitcoin is dead this time and similar because some people never learn.

franky1

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i too find it annoying when people scream murder when the price only moves a few percent.
to me and many i know, its never a price 'drop', 'crash' 'dump'. its instead a discount day to buy extra cheap

arbiter5

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The Nomad

Quote from: Artemis3 on September 24, 2019, 12:10:46 PM

That's not volatility, that's freedom. And that's not a crash, but a miserable 5% price reduction.

I will hit you with the concept as many times as you abuse the word crash:

Quote from: https://en.wikipedia.org/wiki/Market_crash

the term commonly applies to steep double-digit percentage losses

It's hilarious how you're actually lecturing me on "crashes" like I was the one calling it a crash lmao.

Quote from: Artemis3 on September 24, 2019, 12:10:46 PM

Your expectation with these "panic scare" words? Nothing.

Did you actually misunderstood what I was trying to say in this post lol?

Quote from: Artemis3 on September 24, 2019, 12:10:46 PM

The people here know better, you waste your time.

"The people here know better". Oh you have no idea.

coolcoinz

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Why all the f words mate?

Bitcoin did not crash yet. A couple % loss is not a crash yet. If It went down by 10% we could call it a crash, this is only slow bleeding. We used to e in a nice short uptrend that got broken in the middle of August and the price is looking for a stable bottom to start another uptrend. It's all fine because we are in a long term bull market since breaking above 4k, and now even if we were to go back to 6k we would still be bullish. Following that slow and steady trend we should see lowest lows of 10k in September of next year. I'm fine with that.

Quote from: Artemis3 on September 24, 2019, 12:10:46 PM

Has bitcoin price fallen to 1k? No? Then its not a crash. Cheaper bitcoin is an opportunity for others to invest...

Why 1k? 1k at this point would be terrible and would mean full on bear market again for another year.

Artemis3

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Quote from: arbiter5 on September 24, 2019, 11:59:59 AM

Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.

There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye

That's not volatility, that's freedom. And that's not a crash, but a miserable 5% price reduction.

I will hit you with the concept as many times as you abuse the word crash:

Quote from: https://en.wikipedia.org/wiki/Market_crash

the term commonly applies to steep double-digit percentage losses

Your expectation with these "panic scare" words? Nothing. The people here know better, you waste your time.

Has bitcoin price fallen to 1k? No? Then its not a crash. Cheaper bitcoin is an opportunity for others to invest...

crypthough

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Quote from: arbiter5 on September 24, 2019, 11:59:59 AM

Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.

There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye

Totally right. The volatility is absolutely normal. People often expect a market which goes only up, but that's not possible. Beyond that the drops in the last Bull Run were even stronger. For all long term investors a short term drop shouldn't be a problem or a reason to worry about.

arbiter5

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The Nomad

Updated the title lol

Title: Bitcoin's price dropped down to ~~$9,500~~ $8,400 today. Wanna know why?

Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.

There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye

Topic: Bitcoin's price dropped down to $8,400 today. Wanna know why? - page 2. (Read 392 times)