High price invites producers to sell. And low price invites speculators to horde.
True, so these are just normal sways I suppose. Nothing to be worried about.
Topic: Explanation for the 710-750 drops? - page 4. (Read 2368 times)
True, so these are just normal sways I suppose. Nothing to be worried about.
$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.
It is to do with people taking profits whenever they see a good price. The Federal reserve meets on Dec 13th and will almost certainly put up interest rates, strengthening the dollar. So it makes sense to take profits while you can.
There is a lot of hype surrounding the dollar right now. A lot of people is speculating with a rise of the US. Donald Trump is actually giving people the hope of repeating the American dream. This is of course delusional and a mirage. Once reality kicks in, the doomed fiat currencies will keep their path towards destruction, and Bitcoin will explode to 5 figures.
First of all, not an American and not a Trump supporter (not rooting for Hillary Clinton either).
I think Donald Trump is actually going to do something good. His president-elect speech, the way he's changing his opinions right now (the one about global warming for example). I believe he can actually do good to America and possibly the entire world.
It's just an opinion/expectation of mine and no one knows for sure. We'll see what the future holds.
There is a lot of hype surrounding the dollar right now. A lot of people is speculating with a rise of the US. Donald Trump is actually giving people the hope of repeating the American dream. This is of course delusional and a mirage. Once reality kicks in, the doomed fiat currencies will keep their path towards destruction, and Bitcoin will explode to 5 figures.
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.
That does not seem like anything out of the ordinary. Just somebody selling some coins, does not look like panic sale to me.
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.
Let's hope it'll get there soon
. Thanks for your answer. 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.
High price invites producers to sell. And low price invites speculators to horde.
Just some consolidation I would guess.
750-780 resistance is strong and the support and demand is very strong aswell
750-780 resistance is strong and the support and demand is very strong aswell
I did indeed notice that it never seems to get over $750 lately. Is the resistance basically that people are selling everything at $750?
someone decided to sell some Bitcoin
nothing more
nothing more
Just some consolidation I would guess.
750-780 resistance is strong and the support and demand is very strong aswell
750-780 resistance is strong and the support and demand is very strong aswell
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.
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