BTC sudden price fall? - page 5. | Bitcointalksearch.org

AleSergio

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Quote from: batang_bitcoin on June 26, 2017, 05:26:58 PM

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

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.

So bitcoin is not the only one who is in down. And for sure that there's going to be another round for this correction. But this makes the market very good and balance, ups and downs making our trades good. This is really making those holders sell and do panic selling while the true believers will just keep on holding.

Once i was a panic seller, but never will repeat my mistake again. Now it is better to buy,look on WAVES it is cheap as hell and it would be really great crypto in future. Nice trades coming soon for all of us =)

batang_bitcoin

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

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.

So bitcoin is not the only one who is in down. And for sure that there's going to be another round for this correction. But this makes the market very good and balance, ups and downs making our trades good. This is really making those holders sell and do panic selling while the true believers will just keep on holding.

singularityisnear

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I think it's all about uncertainty. It is almost certain that we will have segwit in less than two months, but people are afraid that later there might be a fork to 2 mb, six months from now. I honestly think it's very unlikely that this will happen.

bncbnc

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Quote from: SaShiRaJaVu on June 26, 2017, 03:57:37 PM

Quote from: Frosten on June 26, 2017, 02:50:39 PM

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

If you think that the price of all the major coins are going down is a good thing so that you could accumulate more coins,good luck with that idea, i do expect this to be a regular procedure after any major rally,the market just corrected itself.You might see a rally in BTC in the coming months.

just giving opportunity to those people who were wishing to bet bitcoin in low price. so i am thinking that bitcoin is currently trading in low price but it will start increasing very soon, therefore they should hurry up and should not waste the time. because they have a very good opportunity and no one was even expected that the price will come down to such a low price of 2300$.

deisik

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Quote from: Hydrogen on June 26, 2017, 04:01:44 PM

Quote from: deisik on June 26, 2017, 03:41:28 PM

Did you check how much gold went down?

It is somewhere in the range of 1-1.5%. Basically, the change is just bordering on average daily volatility of this metal (and it's already rebounded to 1,243 dollars per ounce). Regarding cryptocurrency going south, the explanations is simple, and I've been telling it for a week already. The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July

On second thought, it could be ethereum price falling through the floor that is dragging down btc..

Bitcoin isn't a bubble.

ETH could definitely be a bubble though. Its fall could diminish btc's value as eth's bubble pops.

As to me, Ethereum is just a wrapper for scams

And if many projects linked to it scam in the end, it will be considered as that exactly. Further, Ethereum going down (for example, due to ICO's starting to fail in massive numbers) should actually contribute to Bitcoin growth since people will move their wealth from it right into Bitcoin. There is no reason to cash out just because of ICO's scamming (which is not Bitcoin's concern). The current decline of most coins has more to do with dismal expectations and increasing anxiety linked to the coming final showdown between Bitcoin developers and miners

Frosten

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Quote from: Mormyr on June 26, 2017, 04:12:15 PM

Why, how would Segwit have any effect on the price, I mean in the downtrend ? Usually this is the inverse, as hype feeds the rises.

The old hard fork battle, which caused a major vote if I remember correctly caused a lot of drama and a big drop in price, but that was some time ago now, maybe 1-2 years ago.

Mormyr

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Quote from: jc89 on June 26, 2017, 04:06:19 PM

Quote from: Frosten on June 26, 2017, 03:49:09 PM

Quote from: deisik on June 26, 2017, 03:41:28 PM

The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July

Thank you Deisik. Judgement day, do you mean Segwit?

Yes, yes he does.

Why, how would Segwit have any effect on the price, I mean in the downtrend ? Usually this is the inverse, as hype feeds the rises.

Frosten

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Quote from: SaShiRaJaVu on June 26, 2017, 03:57:37 PM

If you think that the price of all the major coins are going down is a good thing so that you could accumulate more coins,good luck with that idea, i do expect this to be a regular procedure after any major rally,the market just corrected itself.You might see a rally in BTC in the coming months.

So your idea is that I should buy more coins on a high, not when it's low? That's not what I have been doing the last 4 years.

What do you mean by rally? Do you mean fluctuations in price? Why do you think it will be more tense?

When will Segwit be decided, are there a lot of drama because of it? I have been gone for a while

.

Thanks

OmegaStarScream

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If you check coinmarketcap or any site that list the 24h changes on different coins, you will see that every coin had a huge dump except for 2 (If we exclude Tether which is supposed to have stable value of 1 USD) and bitcoin didn't really get much of a price decrease compared to others. ETH in the other hard is not doing well, It's probably caused by the ICOs selling ETH for fiat to start the development and the network issues that they are currently having.

jc89

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Quote from: Frosten on June 26, 2017, 02:50:39 PM

Hello!

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

Most probably some people are cashing out to avoid major casualties on their assets. Nothing to worry about since it is normal. Some also say that we are on a bear market so we will see downsides more often.

It is a great opportunity to buy Bitcoin because of the low price. As what they all say, "buy on the dips".

Quote from: Frosten on June 26, 2017, 03:49:09 PM

Quote from: deisik on June 26, 2017, 03:41:28 PM

The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July

Thank you Deisik. Judgement day, do you mean Segwit?

Yes, yes he does.

Hydrogen

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Activity: 2562

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Quote from: deisik on June 26, 2017, 03:41:28 PM

Did you check how much gold went down?

It is somewhere in the range of 1-1.5%. Basically, the change is just bordering on average daily volatility of this metal (and it's already rebounded to 1,243 dollars per ounce). Regarding cryptocurrency going south, the explanations is simple, and I've been telling it for a week already. The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July

On second thought, it could be ethereum price falling through the floor that is dragging down btc..

Bitcoin isn't a bubble.

ETH could definitely be a bubble though. Its fall could diminish btc's value as eth's bubble pops.

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: Frosten on June 26, 2017, 02:50:39 PM

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

If you think that the price of all the major coins are going down is a good thing so that you could accumulate more coins,good luck with that idea, i do expect this to be a regular procedure after any major rally,the market just corrected itself.You might see a rally in BTC in the coming months.

Frosten

newbie

Activity: 37

Merit: 0

Quote from: deisik on June 26, 2017, 03:41:28 PM

The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July

Thank you Deisik. Judgement day, do you mean Segwit?

deisik

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

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

Did you check how much gold went down?

It is somewhere in the range of 1-1.5%. Basically, the change is just bordering on average daily volatility of this metal (and it's already rebounded to 1,243 dollars per ounce). Regarding cryptocurrency going south, the explanation is simple, and I've been telling it for a week already. The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July

Quote from: Frosten on June 26, 2017, 03:49:09 PM

Quote from: deisik on June 26, 2017, 03:41:28 PM

The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July

Thank you Deisik. Judgement day, do you mean Segwit?

August, 1st, yeah

Frosten

newbie

Activity: 37

Merit: 0

Thanks! Yes it's a exciting time, financial crisis often happen between 7-10 years and we are soon there again.

Hydrogen

legendary

Activity: 2562

Merit: 1441

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.

Frosten

newbie

Activity: 37

Merit: 0

Hello!

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

Topic: BTC sudden price fall? - page 5. (Read 3575 times)