Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another over reaction by the market as usual.
I think you should put the link about what are you saying. because without link can be like fake news, put that aside, true or not Bitcoin is just correction, there is no reason must to panic, sooner or later it will recover, we all know that, so buying is the best thing to do. Only newbies will panic 
Topic: Don’t Panic V (Read 715 times)
We are witnessing a free fall, and because bitcoin fall, there's no altcoin that will remain bullish as we can see it in https://coinmarketcap.com/.
This is just normal, people who think that bitcoin will continue to go uptrend without seeing a major correction are just stupid, hopefully they will not panic because if they do, bitcoin could dump below $50k, and we might see more serious dumps.
I do not think we can characterize the drop in the price we saw as a free fall, the drop was important and that is undeniable but when the price is still so high I do not know why people are panicking, people need to remain in control of their emotions or they will lose their money, to me this seems like a bear trap, people will begin to sell their coins thinking this is the end and then in a few months the price will be much higher and they will lament selling their coins for such a cheap price. This is just normal, people who think that bitcoin will continue to go uptrend without seeing a major correction are just stupid, hopefully they will not panic because if they do, bitcoin could dump below $50k, and we might see more serious dumps.
We are witnessing a free fall, and because bitcoin fall, there's no altcoin that will remain bullish as we can see it in https://coinmarketcap.com/.
This is just normal, people who think that bitcoin will continue to go uptrend without seeing a major correction are just stupid, hopefully they will not panic because if they do, bitcoin could dump below $50k, and we might see more serious dumps.
This is just normal, people who think that bitcoin will continue to go uptrend without seeing a major correction are just stupid, hopefully they will not panic because if they do, bitcoin could dump below $50k, and we might see more serious dumps.
You can test it for your own if it turns out to be effective on having those observations because not all would really be that too observant when it comes to technicalities and fundamentals.
You're right, without testing it, I might never know what it really is.We can make our own ways to make profits and go along with the waves specially into this market which is way too unpredictable.As long it can benefit out then better stick and deal with it.For price fluctuations and unpredictability of the market then we do have to deal with it because this wont really be sparking
out big interest if these movements arent really present.
I know that market fluctuation are the most important part of trading crypto asset, because without them, trader can't make anything in the market. So if difference in the activity of trader in various part of the world can lead to market sentiment, there is nothing wrong with taking advantage of it. out big interest if these movements arent really present.
That's actually a quite good graphic. Better than most others I have seen, most basically trade on what "should" happen and you have shown us something that is basically the sentiment of the markets and that matters a lot. Asia liked it, so they bought it, increased it, europe saw that, sold from the top when they saw it, then started to buy back from cheaper, then USA came in and sold the peak of EU and that is about it.
I think that is a good thing to see and you can make calculations based on that. Buy after USA drops it, sell when Asia increases it, buy when Europe drops it, and sell when EU peaks it, and buy back again when USA drops it. If this works, and if it is like that for real, people could repeat this and make money. Of course this was just one day, but I am sure someone can make a crawler that can check what happens depending on hours and see the larger results.
It's really gonna leave us no time to rest, mate. :vI think that is a good thing to see and you can make calculations based on that. Buy after USA drops it, sell when Asia increases it, buy when Europe drops it, and sell when EU peaks it, and buy back again when USA drops it. If this works, and if it is like that for real, people could repeat this and make money. Of course this was just one day, but I am sure someone can make a crawler that can check what happens depending on hours and see the larger results.
But if the price fluctuation has something to do with the activity of trader from a certain area, then it is a good opportunity to make a profit. I just want to know more about whether that scenario happens every day or just a coincidence.
We can make our own ways to make profits and go along with the waves specially into this market which is way too unpredictable.As long it can benefit out then
better stick and deal with it.For price fluctuations and unpredictability of the market then we do have to deal with it because this wont really be sparking
out big interest if these movements arent really present.
That's actually a quite good graphic. Better than most others I have seen, most basically trade on what "should" happen and you have shown us something that is basically the sentiment of the markets and that matters a lot. Asia liked it, so they bought it, increased it, europe saw that, sold from the top when they saw it, then started to buy back from cheaper, then USA came in and sold the peak of EU and that is about it.
I think that is a good thing to see and you can make calculations based on that. Buy after USA drops it, sell when Asia increases it, buy when Europe drops it, and sell when EU peaks it, and buy back again when USA drops it. If this works, and if it is like that for real, people could repeat this and make money. Of course this was just one day, but I am sure someone can make a crawler that can check what happens depending on hours and see the larger results.
It's really gonna leave us no time to rest, mate. :vI think that is a good thing to see and you can make calculations based on that. Buy after USA drops it, sell when Asia increases it, buy when Europe drops it, and sell when EU peaks it, and buy back again when USA drops it. If this works, and if it is like that for real, people could repeat this and make money. Of course this was just one day, but I am sure someone can make a crawler that can check what happens depending on hours and see the larger results.
But if the price fluctuation has something to do with the activity of trader from a certain area, then it is a good opportunity to make a profit. I just want to know more about whether that scenario happens every day or just a coincidence.
Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another over reaction by the market as usual.
Many people who've been so eager to earn huge profit had been fascinated with minor drops, and they still didn't learn to manage their emotions despite of all success in crypto. Everything will be overcome, just trust the best solutions that could fix this problems and I'm pretty sure those whales didn't want to lose in this game.
8:00am in Asia came in the green and continued slightly up til 8:00am Europe came in selling. There was a green candle in there but when 8:00am EST came, traders started selling again.
I’m not really sure if each 8am open from different time zones represents the sentiment of the market in exactly that part of the world rn but it’s fun looking at it that way.
That's actually a quite good graphic. Better than most others I have seen, most basically trade on what "should" happen and you have shown us something that is basically the sentiment of the markets and that matters a lot. Asia liked it, so they bought it, increased it, europe saw that, sold from the top when they saw it, then started to buy back from cheaper, then USA came in and sold the peak of EU and that is about it.I’m not really sure if each 8am open from different time zones represents the sentiment of the market in exactly that part of the world rn but it’s fun looking at it that way.
I think that is a good thing to see and you can make calculations based on that. Buy after USA drops it, sell when Asia increases it, buy when Europe drops it, and sell when EU peaks it, and buy back again when USA drops it. If this works, and if it is like that for real, people could repeat this and make money. Of course this was just one day, but I am sure someone can make a crawler that can check what happens depending on hours and see the larger results.
Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another over reaction by the market as usual.
Slightly Fud spreaders will take advantage of this news, so we must be careful with our mindsets over the said articles. This might be put into exaggerating thoughts which is not healthy for us who still trusting cryptocurrency. Just let everything sette down to normal trend then later on our final decision still persist in the end.
Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another over reaction by the market as usual.
No exactly know what is the true reason why make is down today but perhaps it is one of the factors. Personally, I am thinking why the market is down because where are just in correction because we all know that Bitcoin just recently set a new ATH, and based on a past event like this Bitcoin goes a correction after breaking an ATH. Anyway, there could be a lot of factors not only one like I am pretty sure that Turkey banning Bitcoin was also had an effect.
Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another over reaction by the market as usual.
and then because you post this information.. Is it possible hodler from this forum will panic selling as well.. Another cause for the drop? Lol just joking mate i understand what the title says.. 
Actually if that news is true then perhaps we need to calm down first , since there's no enough proof for this incident.
We should make research as well before making a decision in our investments because maybe its from ppl who spreading fake news around the internet , because that's how they can manipulate the market nowadays.
Wherein without knowing there's another "NORMAL" reason for the drop, and you will dive into it and you figured it out its a fake news afterwards . For sure you will regret of doing a sudden decision in your investment..
Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another over reaction by the market as usual.
and then because you post this information.. Is it possible hodler from this forum will panic selling as well.. Another cause for the drop? Lol just joking mate i understand what the title says.. Actually if that news is true then perhaps we need to calm down first , since there's no enough proof for this incident.
We should make research as well before making a decision in our investments because maybe its from ppl who spreading fake news around the internet , because that's how they can manipulate the market nowadays.
Wherein without knowing there's another "NORMAL" reason for the drop, and you will dive into it and you figured it out its a fake news afterwards . For sure you will regret of doing a sudden decision in your investment.. Lets be smart when it comes to this information around the internet..
Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another over reaction by the market as usual.
Slightly Fud spreaders will take advantage of this news, so we must be careful with our mindsets over the said articles. This might be put into exaggerating thoughts which is not healthy for us who still trusting cryptocurrency. Just let everything sette down to normal trend then later on our final decision still persist in the end.
or it could be the Turkey ban thing.
or it could be the good ol' classic Bitcoin is boiling the oceans articles being released recently by the so called "journalists".
or it could just be the market correcting.
Who knows man. This should be something that's not new for Bitcointalkers lol.
or it could be the good ol' classic Bitcoin is boiling the oceans articles being released recently by the so called "journalists".
or it could just be the market correcting.
Who knows man. This should be something that's not new for Bitcointalkers lol.
It could simply be a bitcoin PI indicator peaking for the first time since December 2017
The main difference is that at all previous bull runs when the price peaked it crashed. Now we're still very stable. We need at least a 40% move down to talk about the end of the bull run. Without it we're still there just like we were after that large leg down in February.
I like how people always look for explanation and can't accepted that it's traders taking profit.
or it could be the Turkey ban thing.
or it could be the good ol' classic Bitcoin is boiling the oceans articles being released recently by the so called "journalists".
or it could just be the market correcting.
Who knows man. This should be something that's not new for Bitcointalkers lol.
or it could be the good ol' classic Bitcoin is boiling the oceans articles being released recently by the so called "journalists".
or it could just be the market correcting.
Who knows man. This should be something that's not new for Bitcointalkers lol.
It could simply be a bitcoin PI indicator peaking for the first time since December 2017
The main difference is that at all previous bull runs when the price peaked it crashed. Now we're still very stable. We need at least a 40% move down to talk about the end of the bull run. Without it we're still there just like we were after that large leg down in February.
I like how people always look for explanation and can't accepted that it's traders taking profit.
^ I’d love to say ‘don’t panic’ but that has me worried, not gonna lie. I feel like it’s gonna be a major blood bath first thing on Monday mornings of Asia, Europe then the US. Keep watch on the hourly.
The
We can't know the main reason.
Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another overreaction by the market as usual.
As you said, this is an overreaction statement and I dont believe the China coal mine explosion was the main reason for the Bitcoin market dump in price cause some people also believe the dump in price was due to the investors swapping their holding for gold before the market correction.We can't know the main reason.
The weird thing is we are already above 56k+ on bitcoin, and interestingly most of the altcoins are recovering very fast as well. Look at ETH it is 2.2k+ right now, and BNB is 500+ already, those are great things. This drop caused bitcoin domination to be 51% and that is good for altcoin investors as well, not like bitcoin can't recover neither, I am sure it will go back above 60k+ once again very soon (and taking domination higher with it) that is why there was already nothing to panic, it was literally just a 24 hour problem that got solved this quickly. Anyone who worries about the price for this quickly should not be invested in crypto anyway.
You should be able to see drops and not be worried about it for long time if you really know what the crypto market is all about. Obviously nobody could say that if it goes down too much for a very long time they will be calm, if it drops too much for a while everyone will be worried but this was just 24 hours.
You should be able to see drops and not be worried about it for long time if you really know what the crypto market is all about. Obviously nobody could say that if it goes down too much for a very long time they will be calm, if it drops too much for a while everyone will be worried but this was just 24 hours.
^ I’d love to say ‘don’t panic’ but that has me worried, not gonna lie. I feel like it’s gonna be a major blood bath first thing on Monday mornings of Asia, Europe then the US. Keep watch on the hourly.
but there is no reason for the drop we had apart from panic selling by weak hands and when it is because of FUD it can not become bigger. right now price is sitting at 92% of yesterday's price (only 8% drop). which is a normal thing for a correction too.
It is not really anyone doing it, it is just automatic, when the price dropped just a slight bit, that triggered one wave, which triggered another and just automatically dropped. All the news about why it dropped is wrong because this is literally proven and factual data that could be tracked and seen, as long as we have that we know that it is neither manipulation nor pump/dump situation, it is purely unwanted auto move that was resulted by people who borrowed too much.
that makes sense but only a little bit because there is always a lot of people who are doing this exact thing in bitcoin market and binance is not the biggest place they dump bitcoin.
besides the drop because of such liquidations (and an automatic drop as you say it was) has a slow speed but if you look at the charts this dump was sudden. there is a huge red candle in 30 minute charts! that should be a good indication that this was manipulation and fake dumping.
8:00am in Asia came in the green and continued slightly up til 8:00am Europe came in selling. There was a green candle in there but when 8:00am EST came, traders started selling again.
I’m not really sure if each 8am open from different time zones represents the sentiment of the market in exactly that part of the world rn but it’s fun looking at it that way.
Edit: Typo
I’m not really sure if each 8am open from different time zones represents the sentiment of the market in exactly that part of the world rn but it’s fun looking at it that way.
Edit: Typo
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