Did fear cause that sharp dump? - page 2.

exstasie

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Quote from: beerlover on September 10, 2019, 10:24:56 AM

Volatility is caused by no-regulation, right now there is no regulation on bitcoin and it will probably never be and that causes people to be able to manipulate the prices and I think that has more to do with price going down and up so much than fear.

I beg to differ. Bitcoin's volatility has more to do with its highly speculative nature and lack of spot liquidity. It could literally be worth $1 million or $0 in a decade, no one knows. And the order books are thin as hell.

Bitcoin is quickly becoming regulated too. The CFTC has been probing foreign exchanges now that there are regulated futures markets. The FATF recently issued guidance for stricter KYC and transaction reporting from exchanges too, and that's expected to really change the landscape.

Herbert2020

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Quote from: beerlover on September 10, 2019, 10:24:56 AM

Volatility is caused by no-regulation, right now there is no regulation on bitcoin and it will probably never be and that causes people to be able to manipulate the prices and I think that has more to do with price going down and up so much than fear.

wrong.
neither volatility nor manipulation have anything to do with regulations and its existence will never prevent it from happening. the only reason why manipulation is possible and volatility is still high is the small size of the market (aka the thin order books on exchanges).

you can see it clearly by comparing bitcoin market today with bitcoin market 6-8 years ago. since the size of it is so much bigger today, it is just as hard to manipulate it in comparison.
you could also compare it with altcoins that all have much smaller markets. for instance a shitcoin with a volume of 50BTC/day could easily be pumped 1000% in one day but you can never pump a shitcoin 1000% in one day with 5000BTC/day volume.

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Quote from: TIDOVEE on September 09, 2019, 02:57:32 PM

it is good to be optimistic but i don't think anyone's fear should cause a dump in bitcoin value, instead, it is the dump that induces fear in people's heart, a lot of people lose their faith per time when the market value drops even most speculations are just failing. the panic has made a lot of people sell their token poorly.

It is always good to be optimistic, but I guess that only some people can do that because in out there, we don't know how people will react if they see the dump is coming. I think some people still getting panic if they know the price is down deeper or getting flash dump and the next thing that they will do is save their money. But now, I think people become wise and smart if they know the price is down and they will wait for a while so they can decide what will they need to do related to the current situations. I think they will not get into a trap from the flash dump because they know that panic will only make them lose their money.

barbara44

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Quote from: buwaytress on September 09, 2019, 01:19:53 PM

Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.

Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.

Sometimes, people are just lust in their thinking, you know that human being thinks to wide and some think to the extreme, if right is going to pay such huge amount of money, I don’t know in any way that it has affected bitcoin. There are so many people that has even dumped more than that amount and it still has not effect on bitcoin.

Recently, I heard of about $1 billion dollars being moved from the market, if that one did not effect bitcoin, because if it does, the value would have come down far beyond this, so as I was saying, if that 1 billion dollar didn’t affect bitcoin, then why would this small amount of money to be paid by Craig Wright even have any effect. So this punishment serves hi right and for the rest of his life.

beerlover

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Volatility is caused by no-regulation, right now there is no regulation on bitcoin and it will probably never be and that causes people to be able to manipulate the prices and I think that has more to do with price going down and up so much than fear.

Fear does play a bit of role of course but whales selling all their coins (thousands of them) all at once is a bigger problem we have, we have to figure that out first. Of course, peoples fears should not be affecting bitcoin price but there is really no way to stop people from being afraid or no way to stop people from selling when they are afraid which means we will not be seeing any end of those people dropping the price even more. If someone figures out a way to stop it than I am all ears but thats not gonna happen.

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Quote from: TIDOVEE on September 09, 2019, 02:57:32 PM

it is good to be optimistic but i don't think anyone's fear should cause a dump in bitcoin value, instead, it is the dump that induces fear in people's heart, a lot of people lose their faith per time when the market value drops even most speculations are just failing. the panic has made a lot of people sell their token poorly.

That's the kind of problem they have to overcome because the market itself is not as problematic as they think.
As an investor, we have to look on both sides, not one sided only, when there is a dump, its normal because the market also experience a pump.

The dump will likely cause panic to those who does not understand how the market move, and they are losers, so that's normal since some has to lose while some has to be profitable, if they will learn maybe they will experience being profitable in the long run. Trading is good but it's clearly not for everyone as not everyone has the knowledge to make the right decision.

Herbert2020

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Quote from: Harlot on September 09, 2019, 01:43:43 PM

Quote from: buwaytress on September 09, 2019, 01:19:53 PM

Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.

Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.

Because it's one of the most probably reasons why a sharp decline happens, it's really like a ripple affect that one movement affects or somehow influences a group of traders or a set of individuals to start selling their position as well. FUD is real you can really see it in the charts. The decrease in market confidence can also count as fear and lesser demand as its the only thing that translate to the prices on what we have now. Just by looking at the forum along you will see a lot of members complain and lose their faith when posting topics like "Will Bitcoin even come back up?", "Bitcoin's time ended today" and the likes.

actually the sharp drops that are completely vertical have nothing to do with fear but with pure manipulation.
when traders panic, they don't panic all at the same exact moment within seconds! it takes time for them to panic and react to something so the drop is sharp but nowhere near vertical drop. it has a palpable slope.
but when it is manipulation, like a whale dumping a large amount of money to force stop losses kicking in then the chart is completely vertical then the panic comes.

what we had here was a manipulation followed by a panic because if you look at the charts the drop only took seconds to go low so much and then the panic sellers joined in when price was already low.

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Quote from: Bisbee on September 09, 2019, 08:50:21 AM

In most cases, the price of Bitcoin and other cryptocurrencies is highly dependent on news that appears in the press. But in this case, the news about the payment of Craig Wright did not greatly affect the crypto market. The fall in prices looks more like speculation of traders in the market in order to provoke a panic, lower the price and acquire more cryptocurrency.

Yeah I am after with the post and discussion the price actually gets effected by the news that comes in market if good news will come it will bring positive effect on price of the coin. Never sell if you hear from someone that market is low as so many people takes advantage of New people and they make them sell panic.

Not really that hard if we all are the same but we don't and many of us still in doubts towards the market. This is what the market has a seller, buyer, and holder. We have this market composition and this is why we can't see a stable price but just a roller coaster.
News has a positive and negative effect and yet to come that newcomers hear about FUD's, they absolutely get into thinking "sell it now cause it dumps later".

TIDOVEE

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it is good to be optimistic but i don't think anyone's fear should cause a dump in bitcoin value, instead, it is the dump that induces fear in people's heart, a lot of people lose their faith per time when the market value drops even most speculations are just failing. the panic has made a lot of people sell their token poorly.

Harlot

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Quote from: buwaytress on September 09, 2019, 01:19:53 PM

Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.

Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.

Because it's one of the most probably reasons why a sharp decline happens, it's really like a ripple affect that one movement affects or somehow influences a group of traders or a set of individuals to start selling their position as well. FUD is real you can really see it in the charts. The decrease in market confidence can also count as fear and lesser demand as its the only thing that translate to the prices on what we have now. Just by looking at the forum along you will see a lot of members complain and lose their faith when posting topics like "Will Bitcoin even come back up?", "Bitcoin's time ended today" and the likes.

buwaytress

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Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.

Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.

Duzter

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Cryptocurrency market is manipulative, and this is where the fear gets its importance. Earlier some kind of hack and other ways of negative news creates panic among the common users. This directly gets reflected on the market, and now the scenario has changed as people were aware about it. These days the real Satoshi issue is getting rolled and much into discussion, and someone is trying to benefit out of the same. Good is to just ignore and keep focused on the market moves.

Bisbee

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In most cases, the price of Bitcoin and other cryptocurrencies is highly dependent on news that appears in the press. But in this case, the news about the payment of Craig Wright did not greatly affect the crypto market. The fall in prices looks more like speculation of traders in the market in order to provoke a panic, lower the price and acquire more cryptocurrency.

Slow death

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I'm not belittling faketoshi, but let's face it, who the hell in the crypto world believes faketoshi is satoshi nakamoto? only the people who have supported BSV and some of the BCH and this group of people is very small so I don't believe most people would be scared to think that faketoshi would have control of too many bitcoins in the times of the BSV and BCH fight He made many empty threats. People opened their eyes. this price drop that had days ago, was normal

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Quote from: barbara44 on September 06, 2019, 10:41:13 AM

I doubt fear plays into price as much as people think it does. Everyone likes to be the superhero and whenever prices fall a bit they want to be the guy who say "Well I didn't sell because I am not afraid and I am brave and I believe in bitcoin, some other scared afraid people sold with panic" and make themselves feel better and I understand that, everyone wants to be superior than others in every aspect if possible even tho its impossible.

However, I think people are not afraid of bitcoin anymore, at least not on these prices, they think this is something small and tiny and these movements do not make that much difference, dropping from 11k to 9k? Its nothing nowadays, its something we would all expect from bitcoin because its a volatile currency.

fear actually plays a big role in this market specially since it is still a small one that could be greatly affected by fear and the irrational decisions that the traders make.
all the spikes and sharp drops are because of fear, the first is fear of missing out or FOMO and the second is fear of losing money or panic sell.
in this case the manipulators have been using the CSW drama for a more than 9 months now. first one was successful mainly because market had not yet entered the upward trend but this time it failed because we are in a strong rising mode.

barbara44

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I doubt fear plays into price as much as people think it does. Everyone likes to be the superhero and whenever prices fall a bit they want to be the guy who say "Well I didn't sell because I am not afraid and I am brave and I believe in bitcoin, some other scared afraid people sold with panic" and make themselves feel better and I understand that, everyone wants to be superior than others in every aspect if possible even tho its impossible.

However, I think people are not afraid of bitcoin anymore, at least not on these prices, they think this is something small and tiny and these movements do not make that much difference, dropping from 11k to 9k? Its nothing nowadays, its something we would all expect from bitcoin because its a volatile currency.

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Quote from: The Sceptical Chymist on September 03, 2019, 07:46:56 PM

Whah??

Quote from: Reid on September 03, 2019, 07:54:56 AM

It dumped, yes that is a fact. But is it that deep? No.

If half a million bitcoin gets dumped on the market all at once, the seller is stupid for doing it that way. And yeah, I think the market would probably experience at least a dip--probably a crash--if there was such an abundance of supply. My intuition is telling me that there's something fishy here, but I'm too apathetic to investigate further.

Interesting that Craig Wright claims Satoshi is 3 people. I've always suspected Satoshi isn't one person, but I'm not sure if I can believe any of this.

Well I would only say that dip and pump both are part of our investment if the price can fall then it can rise as well but investors should not be afraid or worry about the market. Its only volatility which keeps the price shaken in market don’t worry it’s gona pump sooner or later but this Dip gona End certainly.

But we can't tell that all bitcoin holders will sell their BTC's just because of hearing bad news, it never be that way for sure and in some reasons that not all of us are aware of that fakes news. It sounds ridiculous for us who never believe this, but for those people who rely in news as a guide for them in trading/investing...its gonna be a big problem for them.

The Sceptical Chymist

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Whah??

Quote from: Reid on September 03, 2019, 07:54:56 AM

It dumped, yes that is a fact. But is it that deep? No.

If half a million bitcoin gets dumped on the market all at once, the seller is stupid for doing it that way. And yeah, I think the market would probably experience at least a dip--probably a crash--if there was such an abundance of supply. My intuition is telling me that there's something fishy here, but I'm too apathetic to investigate further.

Interesting that Craig Wright claims Satoshi is 3 people. I've always suspected Satoshi isn't one person, but I'm not sure if I can believe any of this.

pealr12

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No its not its just a bull trap. After that sharp dump bitcoin again recovered is just a few days. You cant see bitcoin recovered so fast just like before. Im thinking that bitcoin already had a stable bottom price which is 9000$.

Questat

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Quote from: samcrypto on September 03, 2019, 04:44:20 PM

Quote from: cryptoperkele on August 31, 2019, 03:10:12 PM

The fact that the dump happened in minutes after angelobtc (the top trader of bitmex) tweeted a bearish tweet makes me think even that could have been the reason.

Big crypto personalities made a huge impact, it can be a reason but more reason to know before we know the exact reason of the big fall. Fear and panicking is the common trend when someone tweeted negative news or FUD. Now, it started to pump again, this is the start of the pump this ber months.

We can be like that if we listen to them and eventually relying on the news. How many people lose their money for this? It happens so many times and this dump and pump scenarios leaving a huge impact and makes people act doubted. Yes, may news gives awareness but not all of them seems to be helpful instead, it sometimes creates a huge market drama.

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