The flash crashes and increases hurts the economy more than we guys realize.
I mean I know this is a horrible example but I remembered what my dietician told me about my weight, now you can gain weight over time in years and it is still bad but your body adjust to it because it is quite slow, you can then lose weight and lose all the bad stuff with it (some stuff stay but that depends on how overweight and how long you have been overweight and your age) however if you gain 20kg and lose 30 then gain 40 then lose 50 in just 5-6 years, so move up and down like crazy, that makes damage to your body you can't get rid of, you may end up lighter than you started and still have horrible problems because moving like that hurts your body insanely.
Same with bitcoin, if it went up from 3k to 11k in 8 months and stayed there stable that would have been fine, but we moved from 3k to 13k even 14k almost and then moved to as long as 7.8k at one time and under 10k many many times and now over 11k which is why I think everyone is afraid of bitcoin.
Topic: BTC movement after today flash crash - page 2. (Read 632 times)
Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen
Get used to these crashes (and embrace them)
Or stay away from trading altogether. Regardless, I can help you understand why such severe price swings are happening and why they will likely continue to happen in the future (at high prices). This is the kind of behavior you should in fact expect from mostly a speculative asset. Long story short, the volatility of an asset which is mostly used as a vehicle for speculation but which has a fixed, limited supply at that is invariably set to explode at higher prices
I had been writing about this phenomenon in 2017 before we hit the 20k mark, that such prices can't possibly be stable. Now we essentially see the same picture, though at prices in the range of 9-13k. If we ever hit levels like 50-100k and those won't be supported by actual use of Bitcoin in real life, you will see prices surging and crashing as fast but even in the wider range in relative terms (relative means percentages here)
Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
It might fall back to test $10800 before resuming its uptrend again. The pump to $12,300 is not sustainable because it is not backed up by equivalent volume. The movers of the trend were purely day traders and you know it is always very hard for them not to take little profits and pushed price downward in other to be able to rebuy again. Bitcoin will grow back but that is when the whales and investors are assured that it will not get dumped and pumped every days. what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
The recent 'crash' wasn't even that bad as long as you weren't FOMOing into a long while things were going up- things dropped right back down to where they were before at the $11.7K range, and we've had another little dump today down to $11.2K that was a perfect spot to enter into a long or add to any longs you may already have. Not too shabby for BTC, and as others here have said, that's just one red daily candle after seven consecutive green candles up from the mid $9ks. That's just how BTC goes.
I find it hilarious when people are quietely enjoying the run up and even consider it a normal event, while if the price is going down because traders are cashing out profits (which is perfectly normal after a significant increase), people go nuts and think it's manipulation and whatnot. 
I would be worried if we go up in a straight line without these minor down movements. The more people unload at these levels the higher the price floor becomes, at least in the short term. Don't forget that for every seller there is a buyer.
OP probably had his 1-5 minute chart open and saw a massive red candle, which might have given him the impression that there was a flash crash. Working with 30-60 minute charts is a better option moving forward and much fewer 'flash crashes'.
I would be worried if we go up in a straight line without these minor down movements. The more people unload at these levels the higher the price floor becomes, at least in the short term. Don't forget that for every seller there is a buyer.
OP probably had his 1-5 minute chart open and saw a massive red candle, which might have given him the impression that there was a flash crash. Working with 30-60 minute charts is a better option moving forward and much fewer 'flash crashes'.
Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
Are you aren't happy that BTC breaks $10,000 level again? Do you really take the $12,300 to $11,600 as a big deal?
I wonder where are you these past weeks.
If you are not planning to sell your coins at least for now then relax somewhere else and take a vacation. Don't take watching price monitoring too much as it may affect your ability to think properly. Your funds are at stake if you get panic.
I like these pullbacks they allow the bitcoin price to increase keeping out all the FOMO.
hardly even a pullback on the daily chart yet. 7 big green candles followed by one doji. with 5 hours left to the day, bulls might even close this candle green too.
i'm pretty amazed at the lack of real dips---no 50% or 62% retraces, just bull flagging the whole way up on a $3000 move. that dump this morning was only a 23% retrace.
we could go down to the low $10000s and it would still be "normal" for an uptrend.
I like these pullbacks they allow the bitcoin price to increase keeping out all the FOMO.
Once we hit 25k let the FOMO come so we can ride it and dump on them at 50k-60k.
Once we hit 25k let the FOMO come so we can ride it and dump on them at 50k-60k.
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
Are you serious? The price was around $ 9,000 a few days ago and now more than $ 11,700. The price was about $ 2000 several months ago and about $ 19,000 a year and a half ago and less than $ 100 8 years ago.I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
BTC is not a currency for short speculation, it will end up losing your money, you have to wait longer.
If you do not believe in this technology, it is better to be satisfied with the 16% provided by banks annually.
I wouldn't call it a flash crash, just a pullback after hitting a resistance level.
This could be a potential reversal happening if bears can hold prices below this trend line and give us another dump candle. This is right where xxxx123abcxxxx was expecting a potential inflection point:
This could be a potential reversal happening if bears can hold prices below this trend line and give us another dump candle. This is right where xxxx123abcxxxx was expecting a potential inflection point:
People really call these flash crashes now? How soft have people become. Bitcoin rose from $11,600 to $12,200 and just went back down to $11,770 today, which should still be an increase in the end so far. And you're "tired of these crashes"?
Mate. If you can't handle the price volatility, bitcoin is not for you. Go invest or trade other assets instead.
Dont know why people calling these movements as flash crashes.Dropping from few dollars or even a thousand is just like a typical movement on cryptospace.Mate. If you can't handle the price volatility, bitcoin is not for you. Go invest or trade other assets instead.
Theres nothing we should be shocked on because this is how Bitcoin too volatile.It can swing up on a short span of time from dump to rising or on reverse thing too.
If we've been here for a while then these things is just like an ordinary day and this is the perfect recipe on making out some profits.
Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
Lol, I don't see this as flash crash. If you look back at Bitcoin history there are lots of cases more severe than this. This is just a normal phenomenon to Bitcoin market. And if you are tired of these crashes, there are options you can do, either sold your BTC and forget about it or hodl your BTC and don't look at the Bitcoin price for a year or two. That way, you won't be stressed on the volatility of Bitcoin.
Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
you need to understand this:
This is a market, we have buyers on one side and sellers on the other.
Imagine that I buy 100 BTC for $11600, so soon the price goes up to $12200 and because I bought when the price was $11600 I decide to sell for $12200 and the price drops back to $11700... You don't have to be sad about it or disappointed about it... because that's how the market works.
Man, this annoys me a little bit too much. It's the same caliber as the people who says that they "missed the bitcoin train" and are now investing in XRP because they think it will reach the same price as bitcoin.
the altcoin market is a whole lot of mess. everyone is blowing in their own horn trying to sell their garbage to the newcomers. and the funny part of it is that all of these altcoins, specially the top ones have lost more than 60% of their value over the past 6 months that bitcoin was rising!
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
LOL.
Did you take a look at how much the price increases these past days?
You are looking only at that minor pullback that happened right now without realizing how much the price grows. The momentum has just ended "slightly" but it doesn't mean the price is on a crash status right now.
I suggest not to look closely at the price and decide for a long term holding instead. It will stress you more the way you are currently reacting to it.
i think most of these newcomers who call these price changes "flash crash" or "pumps" aren't doing it because of the volatility. they are surprised because the "numbers" are big. otherwise if price went from $22 to $20.91 nobody would have even thought about it. why because 22 is a small number but 12200 is a big one, doesn't matter if the drops are exactly equal in size percentage wise!
this will only get worse the higher the price goes. imagine what they would say when price falls from $122,000 to $116,000. they see the $6000 difference not the 4.9%
this will only get worse the higher the price goes. imagine what they would say when price falls from $122,000 to $116,000. they see the $6000 difference not the 4.9%
Man, this annoys me a little bit too much. It's the same caliber as the people who says that they "missed the bitcoin train" and are now investing in XRP because they think it will reach the same price as bitcoin. 🤦
In my opinion and I guess others may have known this as well, The answer is Volatility, Bitcoin and other Altcoin can change the price without further warning even without any positive of negative news aside, That is why they call it volatile and if you get tired by this kind of sudden changes then you got a weak faith with the bull run now, or maybe you assumption with the Bull run is like the previous bull run on 2017, I guess you can not compare the now and then because that is a different situation in my opinion,
Hello,
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
S.
I don't get why you use the word "crash". Its a simple correction, or even less that that, a little fluctuation. Did you know that would be like 5%?
In economy "crash" is something really catastrophic, not 5% but like 95% value loss. Stop using this word anytime you watch a simple fluctuation downwards.
Quote from: https://en.wikipedia.org/wiki/Stock_market_crash
the term commonly applies to steep double-digit percentage losses
I am really tired of people like you calling everything "crash".
That's the game of volatility mate and you must be ready to adapt to the system. What else do you expect from the sudden rise of Bitcoin and some other cryptocurrency? Remember, when there is a rise without volume in the equation, then, be rest assure that the price will crash land without any notice, a lesson for another day.
What? you are tired of these crashes? what's the price of bitcoin yesterday and the other day?
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