It's not good for gaining trust. People want a stable currency, not a ping pong currency with so much volatility. Lose 40% of the value in less then a week is terrible and it prevents BTC gaining mainstream attention.
Too bad...
Topic: Flash crash? - page 3. (Read 3088 times)
This just proves how unpredictable bitcoin can be
Sometimes you win some and you lose some
It went up a little bit just now, it's at 364 as I'm posting this
Sometimes you win some and you lose some
It went up a little bit just now, it's at 364 as I'm posting this
My guess is that many people have just taken the profits when they saw that it won't continue climbing after $500 and they saw that it dropped to $400. Also, many people that have bought above $550 - 600 in the last bubble have sold to cut their losses when they saw that the climb won't continue after $500 and that we initiated the descend.
This just proves how unpredictable bitcoin can be
Sometimes you win some and you lose some
It went up a little bit just now, it's at 364 as I'm posting this
Sometimes you win some and you lose some
It went up a little bit just now, it's at 364 as I'm posting this
Looks like a flash crash seems to be happening currently, my total guess it will stop about the 380 mark and rise back to 400$ by the end of the night and stabilize around there.
In this moment it is about 360. So in continue decrease. I think it will not have power to stay in the levels in which it was these days. Lets hope that will remain at the beginning level. It is so strange see this kind of thing to have such kind of behaviour. Seems like a game in the hands of an capricious child which made with bitcoin what he want and according to him's humour. One day more than 500 us dollar. Two days after about 300 us dollar. When it will be sustainable this currency?
This.
I got used to BTC being volatile but $200 price difference in 2 days is really too much. I hope this ends soon cause I dont want crypto to be the home of speculators. We ll never get wide scale adoption with that.
and now the price going down -27$ just in 2 hours , what the hell happening ,its just fucked my strategy
Don't tell me you have just bought some bitcoins @@ this is not a good time to get somewhen is the good time if not near the bottom which is 230? no sign of fall below 200
this is the best time to get some, not the opposite, or you're waiting again when we reach 1k
Looks like a flash crash seems to be happening currently, my total guess it will stop about the 380 mark and rise back to 400$ by the end of the night and stabilize around there.
In this moment it is about 360. So in continue decrease. I think it will not have power to stay in the levels in which it was these days. Lets hope that will remain at the beginning level. It is so strange see this kind of thing to have such kind of behaviour. Seems like a game in the hands of an capricious child which made with bitcoin what he want and according to him's humour. One day more than 500 us dollar. Two days after about 300 us dollar. When it will be sustainable this currency?
I think many people just follow the increase and thought it is going to the "moon". I guess we will soon go back to $230-250.
and now the price going down -27$ just in 2 hours , what the hell happening ,its just fucked my strategy
Don't tell me you have just bought some bitcoins @@ this is not a good time to get some legendary
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and now the price going down -27$ just in 2 hours , what the hell happening ,its just fucked my strategy
I wouldn't consider this a crash because there are many info about bitcoin's price. China is buying BTC so the price went up so fast that people become fear that this will be the next bubble so they will try to sell back. Just need some time for bitcoin to be stable 
The market is testing a new resistence level. Perhaps tomorrow they find it and from there it can go up... or down..
It would be profitable for day traders to sell now and buy after the flash crash.
The flash crash won't last for long so traders need to be quick.
The flash crash won't last for long so traders need to be quick.
Looks like a flash crash seems to be happening currently, my total guess it will stop about the 380 mark and rise back to 400$ by the end of the night and stabilize around there.
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