Topic: BTC sudden price fall? - page 2. (Read 3575 times)

Quote from: mobnepal on June 29, 2017, 09:30:42 PM

Hello!

Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.

Yes it is always wise decision to buy every alts that are in red during bloodbath, if you have bought at the time of your post than you are already in profit.

But this is not that cent percent assured of getting a profit. The reason is that with bitcoin we can trust and buy even when its in bloodbath, but we cannot predict the alts in a similar manner because there are Alta that has gone down continuous and has never retained value. Here too you need to be lucky to get good profit.

Maybe I will agree to this since there are similar situation happened unto it before and there's still a high possibilities that bitcoin will soar since it is not defames yet by any coins around. The expectation of it is at + trustscore eventhough we encountered some negative ratings interms of price but we should consider that segwit is coming and might we can see good price stretch happened if time will come unto it.

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Quote from: mobnepal on June 29, 2017, 09:30:42 PM

Hello!

Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.

Yes it is always wise decision to buy every alts that are in red during bloodbath, if you have bought at the time of your post than you are already in profit.

But this is not that cent percent assured of getting a profit. The reason is that with bitcoin we can trust and buy even when its in bloodbath, but we cannot predict the alts in a similar manner because there are Alta that has gone down continuous and has never retained value. Here too you need to be lucky to get good profit.

pitham1

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Hello!
Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.

Yes it is always wise decision to buy every alts that are in red during bloodbath, if you have bought at the time of your post than you are already in profit.

It may be profitable, but it is also risky. The volatility associated with bitcoins is huge, and the volatility associated with alts is much higher.
You just have to go to coinmarketcap.com to see how many altcoins are effectively dead.

mobnepal

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Hello!

Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.

Yes it is always wise decision to buy every alts that are in red during bloodbath, if you have bought at the time of your post than you are already in profit.

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Hello!

Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.

It not just an issue with bitcoin it is an issue by Government if you have read about economics. As the price rise people starting another alternatives therefore the price is now fall now more people will buy more bitcoin once again the price will go upward.So don't worry about it is just a circulation or you can consider the opportunity to buy.

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Again, nothing about the way that Bitcoin has acted has met the technical specs that can allow the use of the term bubble, the X/Y stats are different and the val/Y stats are way off from that term. Also, you are responding to a thread that is titled "price fall" during an upward case cycle, so how can anyone expect the words from your mouth to make sense.

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Well, I guess we'd better not think of a bad thing about bitcoin, because I always think positively about that. Maybe someday the bitcoin price will fall, and we also have to prepare it, but I think I focus more on my bitcoin instead of thinking about when the bitcoin price will fall.

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Quote from: investinator on June 28, 2017, 02:50:31 AM

Quote from: mobilezz on June 28, 2017, 10:38:32 AM

ppl need to cashout, that's ok.

Yep that is why we have corrections, no currency or asset can go up exponentially forever without having a substancial number of people cashing out causing the market to correct itself down a bit from time to time. The alternative would just signal a massive bubble forming.

Correct. This is one of those signal that will indicate massive bubble. Prediction is that after activation in August we will see major bubble, still some think we will see falling in price but this small amount of speculators. This will only rally more investors with this correction and think that this isnt last one. Expect to see at least 2-3 more before activation.

Is it definitely a signal that will give a big bubble?? I think is not, we can only predict whether the price will fall or rise without a clear basis. Actually we know when the price will start falling, it's there any bad news even though it is also not certain to make the price fall because now bitcoin holders are pretty much that where they do not want to sell their bitcoin even though the price down.

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Everything happening with bitcoin is uncertain, so there is no need of any panic or lose of hope on sudden price crashes. This is common and at times this looks weird because of the price decrease happening in larger scale than minor price fluctuations.

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Quote from: investinator on June 28, 2017, 02:50:31 AM

ppl need to cashout, that's ok.

Yep that is why we have corrections, no currency or asset can go up exponentially forever without having a substancial number of people cashing out causing the market to correct itself down a bit from time to time. The alternative would just signal a massive bubble forming.

Correct. This is one of those signal that will indicate massive bubble. Prediction is that after activation in August we will see major bubble, still some think we will see falling in price but this small amount of speculators. This will only rally more investors with this correction and think that this isnt last one. Expect to see at least 2-3 more before activation.

I'm already completely confused. Some people say that we need to expect a price drop, and some that on the contrary soon we will get a big price increase. Sometimes I panic))
But despite the confusion, I decided to store bitcoin a few more years

Well, you have a good decision here. Don't panic because those who do, will only lose. Some people are just taking advantage on how others, especially newbies, react with the so called price drops. That way, if the bitcoin price will reach the bottom, they would buy many more bitcoins and will earn from it if price rises again.
You can cash out some of your bitcoin but be sure to secure some for the future.

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I think the price is bitcoin with volatile it is constantly changing up and down so many choose to retain or they will buy this because maybe bitcoin is a great time, and I would expect the bitcoin will increase rapidly in the near future are also increasingly stable prices

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Quote from: investinator on June 28, 2017, 02:50:31 AM

ppl need to cashout, that's ok.

Yep that is why we have corrections, no currency or asset can go up exponentially forever without having a substancial number of people cashing out causing the market to correct itself down a bit from time to time. The alternative would just signal a massive bubble forming.

Correct. This is one of those signal that will indicate massive bubble. Prediction is that after activation in August we will see major bubble, still some think we will see falling in price but this small amount of speculators. This will only rally more investors with this correction and think that this isnt last one. Expect to see at least 2-3 more before activation.

Two to three more number of similar corrections ? I do not think so, if this time bitcoin prices will be testing $3000 levels then we can expect prices to jump to new high like $3200 or $3500 ranges. So, another similar corrections up to $2200 may not be possible before segwit activation.

When segwit will be activated, we can expect prices to roar near $5000 levels in no time hence profit booking may happen there but there will be more number new investors who will be taking care prices not to correct much.

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Quote from: investinator on June 28, 2017, 02:50:31 AM

Quote from: timerland on June 28, 2017, 03:47:03 AM

ppl need to cashout, that's ok.

Yep that is why we have corrections, no currency or asset can go up exponentially forever without having a substancial number of people cashing out causing the market to correct itself down a bit from time to time. The alternative would just signal a massive bubble forming.

Correct. This is one of those signal that will indicate massive bubble. Prediction is that after activation in August we will see major bubble, still some think we will see falling in price but this small amount of speculators. This will only rally more investors with this correction and think that this isnt last one. Expect to see at least 2-3 more before activation.

I'm already completely confused. Some people say that we need to expect a price drop, and some that on the contrary soon we will get a big price increase. Sometimes I panic))
But despite the confusion, I decided to store bitcoin a few more years

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Well, bitcoin was overpriced. I think that the natural range for bitcoin currently from the demand and supply is probably $2200-2500. When overpriced, there will always be a correction. Ntohing surprising. Same with ETH but in ETH's case it was a huge ass bubble instead of just overpriced in bitcoin's case.

There is no such thing

There is no natural range of price for such speculative assets as Bitcoin (it could be said that its "natural" range converges at zero on a long enough timeframe). In this way, any price, be it 20 dollars or 2,000 dollars per coin, is "unnatural" in the sense that it could easily go down as well as go up from that. The good part of this is that we can't say that today's price is the limit. In other words, only sky is the limit (but never forget about the other part)

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Quote from: Hydrogen on June 26, 2017, 03:01:20 PM

Hello!

Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.

Well, bitcoin was overpriced. I think that the natural range for bitcoin currently from the demand and supply is probably $2200-2500. When overpriced, there will always be a correction. Ntohing surprising. Same with ETH but in ETH's case it was a huge ass bubble instead of just overpriced in bitcoin's case.

Gold is down.

Silver is down, too.

I would guess those holding gold/silver/bitcoin sold off to produce more liquidity for themselves or its a form of price manipulation.

If the two italian banks in bankruptcy held gold/silver/btc and sold off their holdings to payoff their debts, that might make sense.

Interesting observations. I have been following gold/silver charts as well and was surprised 2 days ago on how gold and silver went down so dramatically. Maybe you're right ,there is a direct link between gold/silver price and bitcoin because they're all considered commodities and store of values. But it is probably more likely that people just wanted to get rid of their coins becaus ethey felt price was overvalued.

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Quote from: investinator on June 28, 2017, 02:50:31 AM

ppl need to cashout, that's ok.

Yep that is why we have corrections, no currency or asset can go up exponentially forever without having a substancial number of people cashing out causing the market to correct itself down a bit from time to time. The alternative would just signal a massive bubble forming.

Correct. This is one of those signal that will indicate massive bubble. Prediction is that after activation in August we will see major bubble, still some think we will see falling in price but this small amount of speculators. This will only rally more investors with this correction and think that this isnt last one. Expect to see at least 2-3 more before activation.

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