BTC Price Selling - page 3. | Bitcointalksearch.org

Desscount

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Quote from: acdc on December 20, 2019, 12:45:52 PM

In the cryptocurrency market, it is perfectly normal for the price to rise and fall, the price will increase when many people want to buy and decrease when people want to sell. I think this discount is due to the impact of the Christmas holiday, people need money to buy food and gifts.
Stay calm, prices will recover by early 2020.

mean the main reason Bitcoin will go down is before Christmas?, isn't everyone going to buy bitcoin to be a Christmas gift? Last year was like that too

wheelz1200

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Quote from: acdc on December 20, 2019, 12:45:52 PM

In the cryptocurrency market, it is perfectly normal for the price to rise and fall, the price will increase when many people want to buy and decrease when people want to sell. I think this discount is due to the impact of the Christmas holiday, people need money to buy food and gifts.
Stay calm, prices will recover by early 2020.

Again that is definately not the case. Bitcoin price doesnt raise and fall based on holidays or anything that's just silly to believe that. Otherwise every year short bitcoin in october and then long it in december. The volume is too large for "holiday" selling to be a significant change in price.

acdc

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In the cryptocurrency market, it is perfectly normal for the price to rise and fall, the price will increase when many people want to buy and decrease when people want to sell. I think this discount is due to the impact of the Christmas holiday, people need money to buy food and gifts.
Stay calm, prices will recover by early 2020.

bitzizzix

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Quote from: Reid on December 18, 2019, 10:41:13 PM

Quote from: Jating on December 17, 2019, 06:41:08 PM

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Yeah, it looks that way.
Holidays are coming. Spending money will be the most done of all.
Christmas and then the New Year's Eve. That will be a lot of food and gifts for good luck and lot of bounties for the Year 2020.
It cannot be stopped, even with the low price of bitcoin they might still sell it.

This might not be the normal fluctuation of bitcoin now but more on the high amount of sell.

It is possible that that is the reason and because the choice has been made even though it is difficult because both are very important for those who celebrate it, so inevitably they have to use it or sell it even though it's cheap.
but if their smart users don't depend too much on bitcoin to celebrate Christmas or whatever the reason, and if they have to use it only as needed and not spend it.
but there is no possibility that is the main reason because not everyone celebrates Christmas.

wheelz1200

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Quote from: ultrloa on December 19, 2019, 06:13:11 AM

Quote from: wheelz1200 on December 18, 2019, 06:39:10 PM

Quote from: Jating on December 17, 2019, 06:41:08 PM

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Peoe are not selling bitcoin because of the holiday that doesnt even make sense. Will some people sell a little change to get some extra fiat for the holidays, maybe. But that would be so small, otherwise you would see a yearly selloff. This probably has something to do with that scam token sell off. Chain analysis followed a lot of it to OTC desks so I imagine yep that is mostly the reason, which makes me bullish

I wonder where they get that Idea since it never get any sense to have a conclusion like that since I think those scenario is not related why the price goes dump right now. But actually I am thinking about the market upset right now and this affect the feelings of new investors including the other whales to buy up some bitcoins that's why we experiencing more sells and low buys right now.

It's all just regular market forces. Whales will play games, we will experience uptrend and downtrend all the time. Sometimes there is just no rhyme or reason why people are selling or buying. It just is what it is at that time in the market lol. Wink

take advantage of it

sunsilk

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Quote from: vintages on December 18, 2019, 02:54:07 PM

Let's stop attributing the price dump to one event or the another. I just don't understand why people do this, I guess it's their way of comforting themselves for the price dump. yet it makes no sense.
People could be selling out of fear because they somewhat expected December to rain money but was disappointed.

This is a normal take for someone who's looking into his investment that starts to go down in value. We always see this kind of take everytime the market dumps and it's already a scene that's no longer new.

You just have to understand them and now that the market has recovered quickly, you won't hear anything from them because the storm has finally calmed down.

ultrloa

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Quote from: wheelz1200 on December 18, 2019, 06:39:10 PM

Quote from: Jating on December 17, 2019, 06:41:08 PM

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Peoe are not selling bitcoin because of the holiday that doesnt even make sense. Will some people sell a little change to get some extra fiat for the holidays, maybe. But that would be so small, otherwise you would see a yearly selloff. This probably has something to do with that scam token sell off. Chain analysis followed a lot of it to OTC desks so I imagine yep that is mostly the reason, which makes me bullish

I wonder where they get that Idea since it never get any sense to have a conclusion like that since I think those scenario is not related why the price goes dump right now. But actually I am thinking about the market upset right now and this affect the feelings of new investors including the other whales to buy up some bitcoins that's why we experiencing more sells and low buys right now.

Reid

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Quote from: Jating on December 17, 2019, 06:41:08 PM

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Yeah, it looks that way.
Holidays are coming. Spending money will be the most done of all.
Christmas and then the New Year's Eve. That will be a lot of food and gifts for good luck and lot of bounties for the Year 2020.
It cannot be stopped, even with the low price of bitcoin they might still sell it.

This might not be the normal fluctuation of bitcoin now but more on the high amount of sell.

wheelz1200

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Quote from: Jating on December 17, 2019, 06:41:08 PM

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Peoe are not selling bitcoin because of the holiday that doesnt even make sense. Will some people sell a little change to get some extra fiat for the holidays, maybe. But that would be so small, otherwise you would see a yearly selloff. This probably has something to do with that scam token sell off. Chain analysis followed a lot of it to OTC desks so I imagine yep that is mostly the reason, which makes me bullish

vintages

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Let's stop attributing the price dump to one event or the another. I just don't understand why people do this, I guess it's their way of comforting themselves for the price dump. yet it makes no sense.
People could be selling out of fear because they somewhat expected December to rain money but was disappointed.

kolonel_x

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Quote from: Text on December 18, 2019, 02:59:13 AM

Don't be worry too much and yes it is normal price fluctuation. There are may so many possible reasons why it happens but can't pinpoint the specific one. It may dump for now but the time will come that dump will stop and will climb up again. It's just a cycle. Let the late adopters join the ride.

Yes indeed this is just normal fluctuations and don't panic too bitcoin now they have started and will not touch $ 6500 but we will continue to monitor the current market because the increase could have started when the dump had already occurred.
It is my hope to continue to buy bitcoin when prices are low like this.

Wysi

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This is an usual phenomenon wherein most of us sell off bitcoin for vacations but this might be a dump from whales as well to make it look natural at this point of time and honestly we have no other option rather than either selling off and buy at lowest or to wait until market receivers.

jakelyson

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Quote from: gogoi on December 17, 2019, 04:53:23 PM

The selloff continues and Bitcoin is dumping. Is it he Plus One scam holdings being sold? Is it Bitcoin miner capitulation? Is it normal price fluctuations?

Be greedy when others are fearful.

Let's take a step back and get a clear look together.

We are still above the lowest price we had this year. I do not know what is causing the price to tank but it will recover. Remember, we are 3K just a few months ago and spiked to about 12K. Buy to support the price and wait for another spike. That will be my strategy here.

el kaka22

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I feel this is more about miners because they have the most to make out of this.

Think about it, if bitcoin drops in value there will be a lot of rich miners who will continue to mine because they are already in millions of dollars in profit (some say even made billions) and they can take the hit right now with the low bitcoin however small miners will have to close down their machines which would mean eventually big miners will start to make profits while small ones are gone and when the halving happens the miners that are smaller will continue to close their machines while big ones will continue to make profits. Which one is easier, to make sure bitcoin is over 13k+ to make a profit or destroy the sector and just take a hit for couple of months?

panganib999

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Nothing new here. Nothing different from the norm tbh. BTC broke down to 7k, and fear spread towards most of the traders, which resulted in another drop towards 6.6k which is the current price right now. Also, no one wanted to break through the current price, and most traders are actually waiting for BTC to go lower and hit the most bottom it could actually get. Once the bottom breaks out though, BTC would probably skyrocket in price and traders would then proceed to buy continuously. That, or a breakout doesn't happen and BTC continuous to dump down, but I hope for the former to happen.

pooya87

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Quote from: gogoi on December 17, 2019, 04:53:23 PM

Is it he Plus One scam holdings being sold? Is it Bitcoin miner capitulation? Is it normal price fluctuations?

there is no miner capitulation.
and the plustoken scam is not dumping any coins on exchanges to cause any kind of drop, they are selling p2p away from exchanges so any dump they are doing is not affecting the price. not to mention that most of it is drama in the news!

that leaves normal fluctuations. since the support was broken the panic started and the drop became bigger. it is as simple as that. an the drop itself was due to lack of rising power to break the resistance and go up. on top of that there is always market manipulation involved.

exstasie

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Quote from: adaseb on December 18, 2019, 12:01:46 AM

The Plustoken selling could be one catalyst however it seems that alts are getting more sold-off than Bitcoin. I think what is happening this is mostly the ETH, LTC, XRP people getting liquidated who kept catching falling knives all year. I think the best example is XRP.

XRP has been on a huge decline since its peak at $3, and it goes lower and lower and lower and people think that it can't go lower. I think many assumed that the $0.25 area would hold and when we broke that area we quickly accelerated the selling all the way to the $0.17 area. This is a large amount because its over a 33% difference, and there are probably people who bought at the $0.30 or higher area. XRP hit the lows for 2017, it was the worst performing top alt so far.

If this continues I think ETH eventually might see double digits and LTC might hit $20 again.

I'm looking at the ETHUSD and ETHBTC charts and I'm seeing light at the end of the tunnel. Daily OBV looks healthy, showing minor bullish divergence:

I don't like to enter positions off long term counts like this (altcoins are way too bearish to risk catching knives) but my opinion is the bottom is close. I think the 0.886 at $113 is a reasonable target for ETHUSD. We could see a truncated/failed fifth on ETHBTC. It really depends what BTC does.

danherbias07

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This is just normal fluctuation.

There is nothing to explain it.
Even if you do all the digging you want, you will just end up making efforts out of nothing.
I have a question though.
Why are we still not used to how the volatile movement of bitcoin is? Keyword: Volatile.

okala

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Quote from: gogoi on December 17, 2019, 04:53:23 PM

The selloff continues and Bitcoin is dumping. Is it he Plus One scam holdings being sold? Is it Bitcoin miner capitulation? Is it normal price fluctuations?

Be greedy when others are fearful.

Let's take a step back and get a clear look together.

https://youtu.be/1SUR_9UuTSE

There is one reason why bitcoin is currently selling and that is reasons is the holiday. Most people like to spend at this moment and that always do affect the market. Bitcoin has always be in bad shape at this time every year so to me it is not new.

bamboylee

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Quote from: gogoi on December 17, 2019, 04:53:23 PM

Be greedy when others are fearful.

NOt actually greedy but wiser. We all know that Bitcoin is a good investment that is why it is wise to put some money in while everyone else is pulling it out.

We cannot pinpoint the real and direct reason why the price is tanking. But it happened before in bitcoin and the price bounces back. That could be the same scenario right now.

Topic: BTC Price Selling - page 3. (Read 840 times)