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Topic: Don't worry - this is neither a crash nor a turning point ... - page 2. (Read 1825 times)

hero member
Activity: 714
Merit: 501
... Bitcoin just takes a run-up to pass the $1000

This could already happen during this weekend jump.

So relax, get some popcorn and beer and enjoy the ride ...

i agree. this is not a crash but a mini dump because of the sudden rise.

but in order to continue up i think there should be a little longer time being spent here around $730-$740 and then rise up again.

so it is a good chance to buy at this price before the rise comes.
hero member
Activity: 840
Merit: 1000
At these prices a lot of people who bought in the 2014 pump will be sending coins to the exchanges to finally cash out. It is only once all those people have cleared, that a fresh run up can start.

Yep..I know one of them...

He bought at $640....held right through 2015 with it's average price of $240....now that BTC has gotten back up to his buy in price, he is looking for some profits on the pump for all his troubles, which is why he never cashed out as soon as his buy-in targets were met......but as soon as the pump runs out of Steam, or some fundamental like some ETHDAO hacker having a big pile of crypto that he may or may not want to cash out via Bitcoin...then these exasperated bag holders of BTC, patience levels are likely to fold, and they are going to be increasingly more inclined to get out, whilst there are still profits on the table.

There is also an auction of confiscated Bitcoin happening on the 20th June, in Australia...around 25K BTC....I don't think it is an accident that Bitcoin pumps prior to these auction times.
legendary
Activity: 1652
Merit: 1088
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At these prices a lot of people who bought in the 2014 pump will be sending coins to the exchanges to finally cash out. It is only once all those people have cleared, that a fresh run up can start.
hero member
Activity: 602
Merit: 500
this is just a mini dump caused by shorts that are selling to gain profit and everything will back to normal again in no time.

whoever panics now will regret it later when he has to buy back bitcoin overpriced.

Get a grip.

A mini dump, caused by longs taking profits, longs who have been long from way down. Also, many FOMO buyers who bought from $700 onwards would have gotten shaken out, or stopped out.

A mini dump can cause panic not only who buyed at 700$ but also who are waiting to see the price rise to maximum and then sell coins. If price drop by $ 50 to $100 they will think its the time to sell and a panic selling will occur. So we have to be very careful with our buying and selling bitcoins from now on.
hero member
Activity: 861
Merit: 1001
this is just a mini dump caused by shorts that are selling to gain profit and everything will back to normal again in no time.

whoever panics now will regret it later when he has to buy back bitcoin overpriced.

Get a grip.

A mini dump, caused by longs taking profits, longs who have been long from way down. Also, many FOMO buyers who bought from $700 onwards would have gotten shaken out, or stopped out.
I always wonder about the intelligence of people who dump thousands of coins on the market and crash it by $50-100.
They could sell 10 at a time and be out in a few hours, with no one noticing, but instead they take a far lower price to get filled immediately.

Unless they are dumping, then immediately buyingback at a lower price, but as the price seems to bounce very quickly nowadays, it would be really dangerous!

I guess your are right with your last affirmation : They directly rebuy more at lower price after they dumped. Artificial dump is a way to make money for them.
legendary
Activity: 1218
Merit: 1003
this is just a mini dump caused by shorts that are selling to gain profit and everything will back to normal again in no time.

whoever panics now will regret it later when he has to buy back bitcoin overpriced.

Get a grip.

A mini dump, caused by longs taking profits, longs who have been long from way down. Also, many FOMO buyers who bought from $700 onwards would have gotten shaken out, or stopped out.
I always wonder about the intelligence of people who dump thousands of coins on the market and crash it by $50-100.
They could sell 10 at a time and be out in a few hours, with no one noticing, but instead they take a far lower price to get filled immediately.

Unless they are dumping, then immediately buyingback at a lower price, but as the price seems to bounce very quickly nowadays, it would be really dangerous!
hero member
Activity: 840
Merit: 1000
this is just a mini dump caused by shorts that are selling to gain profit and everything will back to normal again in no time.

whoever panics now will regret it later when he has to buy back bitcoin overpriced.

Get a grip.

A mini dump, caused by longs taking profits, longs who have been long from way down. Also, many FOMO buyers who bought from $700 onwards would have gotten shaken out, or stopped out.
member
Activity: 87
Merit: 10
just bought $200 worth of btc few mins ago while the price down, best of luck to all of us Grin
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
this is just a mini dump caused by shorts that are selling to gain profit and everything will back to normal again in no time.

whoever panics now will regret it later when he has to buy back bitcoin overpriced.
legendary
Activity: 1937
Merit: 1001
I highly suapect we are back on the slippery alope again with anotger serious dump or two coming right up.
legendary
Activity: 1288
Merit: 1087
Are you guys looking at different price charts? It's down a bit. It's also gone insanely up a bit. There's gonna be plenty more of it.
legendary
Activity: 896
Merit: 1000
there is indeed no point in worrying right now. if i was waiting to enter the market because i haven't bought any coins yet, then i would definitely use this price drop in my advantage to get myself a nice position in the market. buy when the price drops hard is a good rule to work with.
hero member
Activity: 896
Merit: 1000
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this is just a little shakeout , but who knows this can easily be a launching pad for so much higher prices. because always before a big rise there is a similar backtrack that acts as a spring that goes down before it is being released to jump.

I am surprised to see it happening just, expected it to happen when we hit 700.
Oh well, stay put and remember patience is a bliss.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
this is just a little shakeout , but who knows this can easily be a launching pad for so much higher prices. because always before a big rise there is a similar backtrack that acts as a spring that goes down before it is being released to jump.
sr. member
Activity: 392
Merit: 250
or try some beercorn
jr. member
Activity: 50
Merit: 4
... Bitcoin just takes a run-up to pass the $1000

This could already happen during this weekend jump.

So relax, get some popcorn and beer and enjoy the ride ...
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