Topic: Falling of crypto prices - page 2. (Read 814 times)
Why would there be a bull run now, and What is the reason? Also, why would it crash now? No reason for that either. What makes much more sense is a prolonged period of consolidation. What is even better is that this is beneficial to HODLers and traders alike. Consolidation in BTC is within a 150 percent range, so plenty of trading to be done and HODLers will get plenty of chances to add more BTC once they acquired the fiat to do so. Of course all this only applies if the market chooses bull path consolidation pattern on monthly chart, and don't forget is it just a theory.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
I would not say if this is the cause and if it is, I think it is even better we start getting rid of all those whales, because anyone that could have such amount of money to move the market is definitely a whale and they are the ones that has been causing a lot of damages, if we get rid of them and we have genuine cryptocurrency users, I think it will be better for all of us, as we can see now that the price is already recovering back even without that whale, and I am suspecting that it was this funds that was used in moving the market forward around April that bitcoin suddenly skyrocketed, but if it was so, thanks to him anyway, he got us out of the bear market and probably he is okay with the profit he has now, so if he is out of the market, then we can be free that one whale is down already. 
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
I think it can be trap, or maybe someone sell their coins. If me, i still believe out there people want others to be panic and then they can get bitcoin in cheaper price. Maybe something like that is used to make people panic so dump is happening and they start to accumulating. 
keep in mind that there is a big difference between speculation and random nonsense FUD online. speculation is when you are analyzing the market, fundamentals,... and trying to find things that actually affected the market. everything else like the one he is talking about (someone moving large amounts of bitcoin around) is just bullshit there to scare newbies into selling their small amounts of bitcoins!
You make a valid point. There are clear distinctions between FUD and speculation but both do contribute to price fluctuations.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
There is too much speculation, too much.
Whenever an event such as price rises or price falls occur, there are numerous reasons for it and though there might be a couple of 'main' reasons the truth is it is almost impossible to work out all permutations to find out what triggered the event whether it was a fall in price or a rise.
keep in mind that there is a big difference between speculation and random nonsense FUD online. speculation is when you are analyzing the market, fundamentals,... and trying to find things that actually affected the market. everything else like the one he is talking about (someone moving large amounts of bitcoin around) is just bullshit there to scare newbies into selling their small amounts of bitcoins!
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
Well, I think the people that invested in bitcoin for the BAKKT launch are the ones dumping for profits. We all know that things like that happened in the past. Whenever there is a major launch whether a coin or exchange that creates a market bull run of either bitcoin or ethereum. Once the product or coin is launched, then it is dumping season for short-term investors.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
There is too much speculation, too much.
Whenever an event such as price rises or price falls occur, there are numerous reasons for it and though there might be a couple of 'main' reasons the truth is it is almost impossible to work out all permutations to find out what triggered the event whether it was a fall in price or a rise.
We can't help it many people speculates because they want to see great thing happen but the fact there is we cannot really tell on what will happen in future, But we can have an indicator on what will gonna happen on future and we must catch it although it's not 100% but we might gonna ride with fud news and earn with it.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
You should just probably reseaech it yourself and determine by yourself whether to believe or not. Some news can seem to be connected but are really far. You can't just put one and one and call them connected all of a sudden without any justifications that could logically be derived from the news they have. Besides, news or fake news, you should try and read up more about them and still decide for yourself. Thats how those famous persons do it, they just get on the news cause of their fame. You don't really have to stick to their ideals since you have your own. I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
There is too much speculation, too much.
Whenever an event such as price rises or price falls occur, there are numerous reasons for it and though there might be a couple of 'main' reasons the truth is it is almost impossible to work out all permutations to find out what triggered the event whether it was a fall in price or a rise.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
If there is no valid evidence then that is not true news. Everyone can make a lot of news about bitcoin. But make sure the news has valid proof like proof of transfer, etc. There are many speculation about why bitcoin falls. Right now it seems like investors are really panicking so they sell their bitcoin and cause prices to fall. But soon Bitcoin will definitely rise again.
Who knows it's a legit information to consider mate, and although it has not been confirmed though possible verification or fact check should be done. Some made lots of speculative news or article but it's not guaranteed believable. What's bad nowadays fake news spread worldwide specially at social media and on several websites, that's why the circulating information can be trending to anybody.
Yeah and i don't think a lot of people would take the time to go through the btc transactions and track down the wallet address where that came from. It's not going to chance any facts and events that have already happened. Of course an amount like that would definitely cause an immediate effect on bitcoin's value. But it happens everytime. It's not a special case anymore. It's not going to do us anything if we know which single transaction caused a pump or a dump.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
If there is no valid evidence then that is not true news. Everyone can make a lot of news about bitcoin. But make sure the news has valid proof like proof of transfer, etc. There are many speculation about why bitcoin falls. Right now it seems like investors are really panicking so they sell their bitcoin and cause prices to fall. But soon Bitcoin will definitely rise again.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
If this value is true then probably this will be one of the reason of why bearish market continue. 1 Billion dollar is a very huge money that it can really manipulate the market movement either to make it fall or to make it soar high therefore If it was used to buy Bitcoin then maybe the price is now $15k as more people will be attracted to invest but its looks like the reverse as we move deeply down to $8K because more peope did panic.
You can see the idea though that whenever big amount of BTC goes to an exchange, normally are going to be dumped or perhaps will be used to buy some altcoins or USDT. Speculations are like rumors which has tiny bits of truths to it. Anyone will see whichever what they wanna see and falling prices are normally the cause is dumping which will lead them to believe manipulations.
You can see the idea though that whenever big amount of BTC goes to an exchange, normally are going to be dumped or perhaps will be used to buy some altcoins or USDT. Speculations are like rumors which has tiny bits of truths to it. Anyone will see whichever what they wanna see and falling prices are normally the cause is dumping which will lead them to believe manipulations.
2 days after the crash, there was a difficulty adjustment. the difficulty rose by 7.31%. and so far, the difficulty is slated to rise again by 4.64% on the next adjustment. https://btc.com/stats/diff
so......what hashrate drop?
There was a sudden drop in September 22nd, right before the mini-crash. But it fixed itself quickly. so......what hashrate drop?
It can be checked here: https://www.blockchain.com/charts/hash-rate
It looks like someone was wanting to repeat the crash that happened in 2018, but it didnt go well.
i don't think there really was. there was a period of several hours where few blocks were found---totally normal per bitcoin mining's probabilistic distribution and happens all the time.
a couple sites like blockchain.info use shitty metrics to estimate hash rate that only account for the target interval over a very short time period---not really indicative of the actual statistical mining distribution. so they misinterpreted this hours-long period as a huge drop in hash rate.
if you look at the chart you posted, you can see a very similar event in mid july. do you really think the hash rate dropped 27% over 7/16-7/17 then rose 50% the next 2 days? that seems doubtful. more likely another case of bad estimation. there's a reason why blockchain.com's hash rate chart looks so incredibly volatile---bitcoin's difficulty adjusts every 2016 blocks rather than every 144. blockchain.com's estimates are even worse than the latter because they go by 24 hour timestamp rather than # of blocks.
There is no reason to believe that the two events are related. People like to speculate about all kinds of things.
Hey, that's what this section is all about.OP, the total market cap of bitcoin is $150.3 billion right now and I'm not sure who would own billions of dollars worth of it. However, if an amount that huge got dumped on the market all at once, you better believe it would sink the price. That's why I don't think anyone would be stupid enough to do it--they'd be trying to sell bitcoin at falling prices, and that's not smart.
I think what is happening right now is called market correction.
Yeah, I guess. It seems more like a normal dip to me, even though bitcoin lost like 20% in value within days. That kind of volatility just doesn't surprise me anymore. I usually associate corrections with drops when the price of something is going steadily up. That wasn't the case with bitcoin when it happened. It was stalled out at around $10k for quite a while.
Or could it be just a strategy or someone is fooling around.
Why dont you give the link to wherever he put this statement?
Maybe we could somehow read it and see the legitimacy of the writer.
There are too many speculations happening around and it had been chaos specially for newbies.
You might want to get away from those and trust your instincts with this. Better, trust bitcoin.
Why dont you give the link to wherever he put this statement?
Maybe we could somehow read it and see the legitimacy of the writer.
There are too many speculations happening around and it had been chaos specially for newbies.
You might want to get away from those and trust your instincts with this. Better, trust bitcoin.
2 days after the crash, there was a difficulty adjustment. the difficulty rose by 7.31%. and so far, the difficulty is slated to rise again by 4.64% on the next adjustment. https://btc.com/stats/diff
so......what hashrate drop?
so......what hashrate drop?
There was a sudden drop in September 22nd, right before the mini-crash. But it fixed itself quickly.
It can be checked here: https://www.blockchain.com/charts/hash-rate
It looks like someone was wanting to repeat the crash that happened in 2018, but it didnt go well.
This crash came together with a hashrate drop.
Probably the hashrate drop came some hours before the crash. What does this means? It means the miners turned off their engines, like they did in November 2018.
Probably the hashrate drop came some hours before the crash. What does this means? It means the miners turned off their engines, like they did in November 2018.
2 days after the crash, there was a difficulty adjustment. the difficulty rose by 7.31%. and so far, the difficulty is slated to rise again by 4.64% on the next adjustment. https://btc.com/stats/diff
so......what hashrate drop?
Was the price manipulated? Yes, and I believe the miners are doing it, for the sake of distribution of new minted coins. Bitcoin is still in a mixed period of distribution and accumulation.
i don't get it. why would miners manipulate prices lower in order to distribute (at lower prices)? that seems counter-intuitive.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
I think what is happening right now is called market correction. Whenever the bitcoin price reaches certain level, the market correction will follow to stabilize the price. This is not a new scenario it happens quite often.
Jump to: