Explanation for the 710-750 drops? - page 3.

Ayers

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Quote from: arara on November 24, 2016, 12:41:51 PM

Quote from: serjent05 on November 24, 2016, 12:23:17 PM

Quote from: romero121 on November 24, 2016, 11:47:10 AM

The price fluctuation seems to be the natural happening depending upon the technology backing. The ongoing variation might be the factor for price stabilization. Soon can expect a big pump in price over the falling month as it is the last month of the year.

I think otherwise. There is some manipulation in here in my opinion. We all know that in a few weeks the possibility of bitcoin price to increase is greater than it going down. So to maximize the profit in this coming event, whales try to accumulate as much as they can before the price of bitcoin goes up.

Quote from: 1Referee on November 24, 2016, 07:19:50 AM

Quote from: richardsNY on November 23, 2016, 04:18:25 PM

$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.

Or probably the opposite might happen.

buy how can they buy large amounts of Bitcoins and still make the prices fall?

seems contradictory

isn't newbise that buys and whales dump on them? whales buys just to make more naive users buys into their pump, then they dumb to get back and make profit, i think this is the reason you see those swings on the market

arara

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Quote from: serjent05 on November 24, 2016, 12:23:17 PM

Quote from: romero121 on November 24, 2016, 11:47:10 AM

The price fluctuation seems to be the natural happening depending upon the technology backing. The ongoing variation might be the factor for price stabilization. Soon can expect a big pump in price over the falling month as it is the last month of the year.

I think otherwise. There is some manipulation in here in my opinion. We all know that in a few weeks the possibility of bitcoin price to increase is greater than it going down. So to maximize the profit in this coming event, whales try to accumulate as much as they can before the price of bitcoin goes up.

Quote from: 1Referee on November 24, 2016, 07:19:50 AM

Quote from: richardsNY on November 23, 2016, 04:18:25 PM

$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.

Or probably the opposite might happen.

buy how can they buy large amounts of Bitcoins and still make the prices fall?

seems contradictory

Lucius

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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

serjent05

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Quote from: romero121 on November 24, 2016, 11:47:10 AM

The price fluctuation seems to be the natural happening depending upon the technology backing. The ongoing variation might be the factor for price stabilization. Soon can expect a big pump in price over the falling month as it is the last month of the year.

I think otherwise. There is some manipulation in here in my opinion. We all know that in a few weeks the possibility of bitcoin price to increase is greater than it going down. So to maximize the profit in this coming event, whales try to accumulate as much as they can before the price of bitcoin goes up.

Quote from: 1Referee on November 24, 2016, 07:19:50 AM

Quote from: richardsNY on November 23, 2016, 04:18:25 PM

$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.

Or probably the opposite might happen.

romero121

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The price fluctuation seems to be the natural happening depending upon the technology backing. The ongoing variation might be the factor for price stabilization. Soon can expect a big pump in price over the falling month as it is the last month of the year.

FxR

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Quote from: Exoskeleton on November 24, 2016, 10:26:55 AM

When you find an obvious ceiling for the price like $750 its time to make some smart trades. Sell every time it gets just below the ceiling. Then buy back when it dips by $20-$30. You can do this a few times a week right now and make 10% or more on some obvious swings.

Just make sure your in coins and not fiat when the swing up to $800-$850 happens because it will be sudden. If your stuck in fiat when that happens you'll wish you had just held btc the whole time.

Just as sudden as the increase to $750? It was like $30 in an hour right?

Denker

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Bitcoin is extremely volatile.That's we call it the rollercoaster.It goes up and down, up and down.
And it doesn't need any specific reason or event for it to happen.
The Bitcoin market capitalization is extremely low with ~ $12bn.
So for some big players in this field it is no problem to create some bigger movements in no time.
And they do it!Because they want to make money.
So don't worry.For Bitcoin this is normal behaviour.

Exoskeleton

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When you find an obvious ceiling for the price like $750 its time to make some smart trades. Sell every time it gets just below the ceiling. Then buy back when it dips by $20-$30. You can do this a few times a week right now and make 10% or more on some obvious swings.

Just make sure your in coins and not fiat when the swing up to $800-$850 happens because it will be sudden. If your stuck in fiat when that happens you'll wish you had just held btc the whole time.

bitbunnny

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This is nothing to worry about. Just regular and usual volatility cycle. I wouldn't say this is manipulation, the difference is not that big and no other signs for this. The price will probably stay around these values for a while and then slightly go up probably with the begininig of next year. This is just my opinion.

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Quote from: FxR on November 24, 2016, 08:42:56 AM

Thanks for your answers everyone. Something I have to specifically look at is the meeting of the Fed on December 13th. Thanks for the person that mentioned that Wink

.

Here is some more on the Federal Reserve meeting:

http://www.bloomberg.com/news/articles/2016-11-16/fed-rate-hike-odds-approach-100-in-anticipation-of-trumpenomics

FxR

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Thanks for your answers everyone. Something I have to specifically look at is the meeting of the Fed on December 13th. Thanks for the person that mentioned that Wink

.

senyorito123

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Quote from: 1Referee on November 24, 2016, 07:19:50 AM

Quote from: richardsNY on November 23, 2016, 04:18:25 PM

$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.

Quote from: unknown04 on November 23, 2016, 08:52:17 PM

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.

I would not agree for that thoughs also, and i think the manipulators makes the price go down for now and buy again if the dump happens and another explanation is surely many people resold their btc since they got enough money from now or they want to use it for their own good, but as of now the price downfall is expected and surely we can see another big up after the downfall of bitcoins.

1Referee

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Quote from: richardsNY on November 23, 2016, 04:18:25 PM

$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.

Quote from: unknown04 on November 23, 2016, 08:52:17 PM

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.

bamboylee

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It is just normal. This happens when a price hits a certain height and will trigger a sell order or two. THen that sell order will bring the bitcoin price back down especially if it is a large amount. It will happen again in the future if people reach a certain target.

n691309

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Quote from: FxR on November 23, 2016, 12:36:26 PM

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.

For bitcoin this is a normal decrease of its price and I wouldn't worry too much about this, someone decided to sell some bitcoins and so the price went a little bit down, if you are trading regularly or very often and your bitcoin amounts is very large then you should worry about these changes as you can make profit.

Herbert2020

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Quote from: FxR on November 23, 2016, 12:36:26 PM

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.

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.

unknown04

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I guess holidays are coming? Some people might need to sell and use the money. And some can't wait to leave the train.

alyssa85

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Quote from: richardsNY on November 23, 2016, 04:18:25 PM

$750 is some sort of a top for this year. It shows that there isn't really any incentive for large traders to push the price any higher. I think we should be happy with the fact that we're sitting above $700 instead of hoping for the price to go up even more.

Yes. Also remember that the short-sellers come out when btc hits one of the TA lines, and $750 is one of them.

MONKEYJUNK

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Not everyone wants to hold, $750 is a good price for some people sell...

Also is more hard to see people buying big amounts for this price, so the price stay in 720-750 and that's it, not much to explain.

cpfreeplz

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That's just normal price fluctuation. Some people bought a bunch of bitcoins then some people sold a bunch. This isn't a huge fluctuation so there's no real reason for it. If a huge country's currency collapsed and bitcoin became their national currency then you would see a big spike in price and there would be an obvious reason for it.

Topic: Explanation for the 710-750 drops? - page 3. (Read 2368 times)