Don't worry - this is neither a crash nor a turning point ... - page 2.

Sniper44

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Quote from: Donald_Buck on June 17, 2016, 03:40:24 AM

... 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.

MatTheCat

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Quote from: alyssa85 on June 17, 2016, 10:07:40 AM

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.

alyssa85

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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.

salmanahmedone

hero member

Activity: 602

Merit: 500

Quote from: MatTheCat on June 17, 2016, 09:15:44 AM

Quote from: BTCLovingDude on June 17, 2016, 07:58:32 AM

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.

Glucose

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Activity: 861

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Quote from: NUFCrichard on June 17, 2016, 09:30:20 AM

Quote from: MatTheCat on June 17, 2016, 09:15:44 AM

Quote from: BTCLovingDude on June 17, 2016, 07:58:32 AM

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.

NUFCrichard

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Activity: 1218

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Quote from: MatTheCat on June 17, 2016, 09:15:44 AM

Quote from: BTCLovingDude on June 17, 2016, 07:58:32 AM

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!

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: BTCLovingDude on June 17, 2016, 07:58:32 AM

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.

wyvern2

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

BTCLovingDude

legendary

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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.

kwukduck

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.

European Central Bank

legendary

Activity: 1288

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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.

randy8777

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.

HarryKPeters

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Activity: 896

Merit: 1000

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Quote from: Pursuer on June 17, 2016, 04:01:36 AM

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.

Pursuer

legendary

Activity: 1638

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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.

calme

sr. member

Activity: 392

Merit: 250

or try some beercorn

Donald_Buck

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 ...

Topic: Don't worry - this is neither a crash nor a turning point ... - page 2. (Read 1795 times)