People buying less, people selling more means drop and the other side means a positive approach for bitcoins.
Demand and supply is one thing here, speculation and reality the other. The less the people sell, the more increase we will see in price.
Topic: Explanation for the 710-750 drops? - page 2. (Read 2368 times)
Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
THere are big change happening in the price of bitcoin sometimes the price of the bitcoin is always decreasing it because of the tradings happening bitcoin USD to bitcoin and there are some group of traders that they are dumping bitcoin to make profit too when the price of bitcoin increase again. It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course).
Looks like it is diving a bit right now
I think, according to previous messages, that it's going to stabilize around $700-730 right now.
Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course).
Looks like it is diving a bit right now
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course).
Why would the price of btc dip so soon when lots of countries are complaining of fiat devaluation?
Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course).
I'm planning on selling 1 BTC right now as that 1 BTC was bought during the $300 time. So I'm going to just take my profits and hope it won't rise much more. If it does, I still have BTC left in my wallet anyways.
Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course).
If I may ask? what will you need the explanation for? Maybe to establish a trend and cash in on the next time that the trend will show itself? For me I dont bother myself on the technicalities or the explanation on why its rising or falling maybe when I now have enough BTCs that actually matters or could make an influence then I would think otherwise for now, I dont care about the explanation and the anyone you will get will be based on person view and not the real explanation.
I've been using BTC for a long time and I've never really interested my self in the economical standpoint of it (trading, price fluctuation, etc.). That's why I asked the community to provide me with some information. It's all about learning
. 
Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
Its just normal and theres nothing to be shocked about regarding on bitcoins changing price. If bitcoins price tend to rise that means traders and people do buy bitcoins and when the price falls down again this means they sell off their bitcoins thats just simple but i could really say that bitcoins price as of now wouldnt dump again below -700 because it has a good support but im hoping that we could able to breakout on the resistance level in able to see the price of $800.It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
It is agreed that the current price action is very normal for the bitcoin at this stage. It is consolidating now.
Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
Idiots are scared when the price goes down a bit and panic sell, creating all those dips, which whales quickly buy taking profits. So it's always the same, idiots lossing money, while whales get more BTC and the overall price is still an uptrend since janaury 2015. We will be at 1000+ in 2017 for sure.
Don't call them idiots man, it's their choise to sell and buy bitcoins anytime.
So now what's about question, no one can to answer you 100% correctly but in most cases it's reason could be that in that day many bitcoins were sold, also when hype website's shut down, they sell all their profit. Selling high number of bitcoins = it's price rise, remind how it was in bitfinex's situation.
Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
Its just normal and theres nothing to be shocked about regarding on bitcoins changing price. If bitcoins price tend to rise that means traders and people do buy bitcoins and when the price falls down again this means they sell off their bitcoins thats just simple but i could really say that bitcoins price as of now wouldnt dump again below -700 because it has a good support but im hoping that we could able to breakout on the resistance level in able to see the price of $800. It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
If I may ask? what will you need the explanation for? Maybe to establish a trend and cash in on the next time that the trend will show itself? For me I dont bother myself on the technicalities or the explanation on why its rising or falling maybe when I now have enough BTCs that actually matters or could make an influence then I would think otherwise for now, I dont care about the explanation and the anyone you will get will be based on person view and not the real explanation.
This also depends on the trading platform where you are looking those price changes/graph, if platform have really low volume than 10-15$ price change within few minutes or even few seconds is normal.
But in overall scenario, bitcoin price swings almost daily or even hourly because of very low marketcap it have than any other assets.
But in overall scenario, bitcoin price swings almost daily or even hourly because of very low marketcap it have than any other assets.
actually in the small exchanges with no volume the orderbook has a big gap and the smaller the exchange the bigger this gap is. which means for example right now that price is $737 on bitfinex on those exchanges it is 760 for buying and 700 for selling and it doesn't matter if the price goes to $750 on bitfinex or goes down to 710 on finex those small exchanges remain dormant.
This also depends on the trading platform where you are looking those price changes/graph, if platform have really low volume than 10-15$ price change within few minutes or even few seconds is normal.
But in overall scenario, bitcoin price swings almost daily or even hourly because of very low marketcap it have than any other assets.
But in overall scenario, bitcoin price swings almost daily or even hourly because of very low marketcap it have than any other assets.
maybe when the price rose to $ 750, people who have many bitcoin bitcoin immediately sell them in large numbers, causing bitcoin price drop to $ 730 for 1 bitcoin. however, they again hold bitcoin they have when it happened. Well, maybe it will continue to happen until the price reaches $ 800 bitcoin
Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
whenever the price changes are this small (for bitcoin $40 is still small change) it is considered normal changes. and it happens in all the other markets too. and the bigger they are (the more traders they have) these normal daily changes are smaller.
it can be sometimes manipulations, it can be demand, or it can even be because of timing for example it is the start of the business day in some country (US or China) when they begin trading.
For what I've see at this moment if theres a little dump surely the big pump well be follow and looks likes it really happens for those few days back but actually i cant predict if some good developments will be happen in future and all we need to do is to wait for something big movements for the price, and also adoption will just go and surely if many people would buy the price will surely kick up for his topest price at this upper year.
$750 is some sort of a top for this year.
That's also the impression that I have been getting at the time the price came close to the $750 levels. It may be a manipulation attempt to make people think like it is indeed the top, but we may very well end up sitting at the edge of seeing massive dumps taking the price down to sub $700 prices. I personally think the latter scenario is what we will be experiencing in the coming weeks. I am happy to have secured a good amount of profits around the $740 levels. I am prepared for a massive dump.
I guess holidays are coming? Some people might need to sell and use the money. And some can't wait to leave the train.
Nah, people cashing out due to holidays don't even make a dent in the price. It's either people cashing out profits as they believe the price is due for a serious correction, or whales try to shake off weak hands by turning the exchange rate into a roller coaster ride. Either way, dumps are inevitable.
Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
whenever the price changes are this small (for bitcoin $40 is still small change) it is considered normal changes. and it happens in all the other markets too. and the bigger they are (the more traders they have) these normal daily changes are smaller.
it can be sometimes manipulations, it can be demand, or it can even be because of timing for example it is the start of the business day in some country (US or China) when they begin trading.
Looks like we're trapped in some kind of loop with this price,I wonder how long it will take to break the barrier of 750$ and go up to 800$.It seems that the whales decided to play this game as long as possible,for someone who has a large amount of bitcoin for trading this is a true paradise.
As someone said, we can be happy to have all the time 700 + $,I hope it will not be some big dump or bad news in near future.Maybe some will not agree,but last two months are much more interesting than September or August
As someone said, we can be happy to have all the time 700 + $,I hope it will not be some big dump or bad news in near future.Maybe some will not agree,but last two months are much more interesting than September or August
May I ask you where you got that chart?
Thanks in advance.
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