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Topic: BTC Price Selling - page 4. (Read 857 times)

hero member
Activity: 2464
Merit: 594
December 18, 2019, 01:59:13 AM
#12
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.
hero member
Activity: 2702
Merit: 672
I don't request loans~
December 18, 2019, 01:58:04 AM
#11
Let's take a step back. Okay I'm back. It's normaaaal Jeez. BTC runs on the idea of supply and demand. Literally no one could manipulate it, UNLESS bloody mind controller takes over the whole world and orders every trader out there, which is not gonna happen I assure you. And yes. Time to take advantage of others being in fear, since some traders have been waiting for BTC to bottom out, and yet no signs of it happening with the continuous decrease of BTC price right now.

Sides, the price right now is pretty normal, with only the recent november spike which can be considered a small bubble, the current movement can be seen as actually the supposed to be movement of BTC this year.
sr. member
Activity: 1918
Merit: 268
20BET - Premium Casino & Sportsbook
December 18, 2019, 01:52:40 AM
#10
there is no impact whatsoever, it happens because something is normal with bitcoin, let them currently discard and take it in a cheap state with a sale and purchase agreement on the exchange, what we need to realize now is that bitcoin never pumps and dumps, so the price Going down for the end of the year is natural, seeing many people selling now is opportunity for other new people to buy
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
December 18, 2019, 01:12:13 AM
#9
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
All the factors you mentioned can be consider, however this is very normal dips and expect a big rebound in few days. There's nothing to fear really, people buy and sell as always it just happen that demand is lesser than accumulation.
legendary
Activity: 3808
Merit: 1723
December 17, 2019, 11:01:46 PM
#8
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.
legendary
Activity: 1806
Merit: 1521
December 17, 2019, 10:32:37 PM
#7
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.

The price of USDT dropped from $1.02 to $0.994 over the past 10 hours. That suggests a lot of downward pressure on the Tether markets. Plus Token was a Chinese ponzi scheme and the Chinese do virtually all their BTC trading with USDT, so this theory makes sense.
sr. member
Activity: 868
Merit: 267
SecureShift.io | Crypto-Exchange
December 17, 2019, 09:44:18 PM
#6
That is the price of the agreement formed between the buyer and seller, nothing strange. You can scroll the chart to the previous year there must be a dump and pump that occurs.
And we can't stop that because that's the real market condition. Only new people are worried about this condition, because they only know that bitcoin has a high price the first time they know cryptocurrency.
sr. member
Activity: 1050
Merit: 251
December 17, 2019, 08:27:13 PM
#5
although this often happens at the end of the year, it looks like the end of this year is not much different from the end of 2018. Well, I also don't have any idea about this.  I heard that the lowest price of bitcoin could be $ 6500 this month, and it looks like it will get worse.  in fact, many altcoin prices are also dumps.  the only thing we can do is wait for price recovery.

Looks like more people are spending a lot these days, and the predictions was barely influencing a lot of panic holders. Just ignore this downtrend, because it will go back prior new year comes. Let's grab the cheaper price opportunity, and hold while it's still having the highest chance for btc price to spike soon.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
December 17, 2019, 07:44:54 PM
#4
although this often happens at the end of the year, it looks like the end of this year is not much different from the end of 2018. Well, I also don't have any idea about this.  I heard that the lowest price of bitcoin could be $ 6500 this month, and it looks like it will get worse.  in fact, many altcoin prices are also dumps.  the only thing we can do is wait for price recovery.
hero member
Activity: 3038
Merit: 634
December 17, 2019, 05:45:45 PM
#3
No idea about the actual reason of the dump but it's always the normal cycle of the market. And yes, this can be the normal fluctuations that we usually see if bitcoin gets a price bump everytime after a dip.

So that's the article that has given you an idea that it could be the reason of the dump. It could be but it's a very basic answer that when the market goes on this attitude, there are huge sell offs that just happened.
hero member
Activity: 2842
Merit: 772
December 17, 2019, 05:41:08 PM
#2
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.
jr. member
Activity: 42
Merit: 6
December 17, 2019, 03:53:23 PM
#1
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

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