How it went from 780$ to 708$ in hours ?

drwtsn32

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Quote from: markj113 on June 21, 2016, 05:35:31 AM

One minute everyone is saying Bitcoin volatility is a great thing as it allows you make profits.

The next minute they are bitching as the price dropped.

Volatility works both ways unfortunately.

Yeah. We can also make profits by thinking of the opposite way. Price drops sometimes are beneficial too.
Some of us just don't realize that.

trickshot22

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Quote from: Jambolb2 on July 05, 2016, 10:21:38 AM

Quote from: Affilate User on June 22, 2016, 05:51:12 AM

Quote from: artows21 on June 22, 2016, 05:28:39 AM

It even went to ~650$. So more than 100$ lost in about a day. There's not to be worried about it. Each rise has to be counter-balanced by a fall in order to buy more cheap coins and rise more. That's how markets work.

yep , buy more bitcoin because we still have the halving days , ints only need a few more days until the halving

There is no need to hurry. The bitcoin price will stay around the current level for the next few weeks.

well not a lot of time left until the bitcoin block reward halving so i think we should hurry up a little bit in order to make bitcoin possible to be really huge, i hope we will make money out of it

Jambolb2

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Quote from: Affilate User on June 22, 2016, 05:51:12 AM

Quote from: artows21 on June 22, 2016, 05:28:39 AM

It even went to ~650$. So more than 100$ lost in about a day. There's not to be worried about it. Each rise has to be counter-balanced by a fall in order to buy more cheap coins and rise more. That's how markets work.

yep , buy more bitcoin because we still have the halving days , ints only need a few more days until the halving

There is no need to hurry. The bitcoin price will stay around the current level for the next few weeks.

Affilate User

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Quote from: artows21 on June 22, 2016, 05:28:39 AM

It even went to ~650$. So more than 100$ lost in about a day. There's not to be worried about it. Each rise has to be counter-balanced by a fall in order to buy more cheap coins and rise more. That's how markets work.

yep , buy more bitcoin because we still have the halving days , ints only need a few more days until the halving

talkbitcoin

legendary

Activity: 1372

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All I know is that I know nothing.

this is one of the things that i do not like about bitcoin.

the price is so volatile and it can go up and down a lot, although in this case it was just going down after the huge rise that has happened in a short time but in general it is not good.

artows21

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It even went to ~650$. So more than 100$ lost in about a day. There's not to be worried about it. Each rise has to be counter-balanced by a fall in order to buy more cheap coins and rise more. That's how markets work.

BitsandBites

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Quote from: TastyChillySauce00 on June 21, 2016, 04:04:06 AM

Quote from: drwtsn32 on June 21, 2016, 03:48:21 AM

Is there really someone who can control the price of bitcoin?

that's simple, get thousand of bitcoin,sell it at the same time,you can dump the bitcoin price at your own
---------------------
the main reason that make bitcoin price down maybe people panicking when the price fall even a little bit and now starting to sell his bitcoin to keep em in profit

The price of Bitcoin is now quite stable so that is nice but you can see that it is still rising slowly so that is nice for people who already have Bitcoin.
And maybe the time will be there soon that they can sell it with a lot of profit.

MaritiJames3

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Quote from: OmegaStarScream on June 21, 2016, 03:26:21 AM

I'm not sure how much it took exactly , 24-48 hours but how this happened... I was really optimistic about the whole thing and I was kinda sure that It's going to rise as hell , now I woke up (once again, things happens when I'm sleeping) , I checked preev and I found this huge price decrease ... So what's the matter ? Pure manipulation by the Chinese?

Yeah at the moment the price is rising really fast and I did not expect something like this to happen at all. It did not even know it was possible for the price to rise so fast as it is right now.

Jambolb2

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Quote from: Sukovsky on June 21, 2016, 05:09:03 AM

It will be 800 next week. You can't top out so far in advance of the actual halving. It's going 1000+ BEFORE the halving. Mark my words.

If the price go es to $800 next week, it is better to buy now. But I think the price will be around $650 for a few weeks.

BitcoinNewsMagazine

legendary

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This correction in a bull market was healthy actually. Price was starting to go parabolic. This shakes out the weak hands and leveraged positions, get ready for a little consolidation then on to a new ATH.

Shinpako09

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Quote from: drwtsn32 on June 21, 2016, 03:48:21 AM

Is there really someone who can control the price of bitcoin?

I think we don't need to worry because we still have the same amount of bitcoin even if the price goes down or up.
The problem is, if time comes that you need money in fiat and the price is still very low, you're screwed.

Yes, there is people who can control the price and those are the whales majority from china.

You wouldnt have that problem if you just sell it when you have a feeling that it will go down dont hesitate to sell. Like what I did. Good thing I sold mine around $750 yesterday.

freshman777

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r0ach jinxed it, blame him.

richardsNY

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Quote from: alyssa85 on June 21, 2016, 09:14:53 AM

Some of us have been telling people to take some profits. Hopefully some people did, and are now able to buy back some more.

Those that have secured profits far above $700 are doing fine. I have sold around 15% of my coins between $700-$750. Those that have been waiting to sell even a single Satoshi are not that happy now. The only thing they can do is waiting for the price to go up again.

alyssa85

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Some of us have been telling people to take some profits. Hopefully some people did, and are now able to buy back some more.

Winoc

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Quote from: ?? on ??

Well im kinda shock to see it now. I just have gone out for a day to do something and after I got back this evening this price is what ill see. Well even if it is crazy, I think I will still believe in bitcoin. Grin

I will hold for now and wait for a price rise.

Yeah you are right..Halvening will hopefully make us happy again..It is the only thing for which I am waiting damn eagerly.. Also here Lauda's point is quite reasonable and I agree with his point..

talks_cheep

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Quote from: Amph on June 21, 2016, 05:36:21 AM

in the same way ti went from 450 to 780 in few days, but people seems to remember only the bad thing lately

bitcoin with its tiny marketcap will always be very unstable, wait for trillion marketcap if you want stability

Stock market has trillions but it seems highly unstable, no?

Amph

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in the same way ti went from 450 to 780 in few days, but people seems to remember only the bad thing lately

bitcoin with its tiny marketcap will always be very unstable, wait for trillion marketcap if you want stability

slap

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Its said an exchange was offline with 39m leveraged longs, some might been squeezed.
Stocks have been up yesterday.
Brexit might not happen, newest polls suggest that.
Btc market might have been overbought.
... some things I missed.

markj113

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One minute everyone is saying Bitcoin volatility is a great thing as it allows you make profits.

The next minute they are bitching as the price dropped.

Volatility works both ways unfortunately.

bitcoinboy12

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★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: Sukovsky on June 21, 2016, 05:09:03 AM

It will be 800 next week. You can't top out so far in advance of the actual halving. It's going 1000+ BEFORE the halving. Mark my words.

Wow. I am all hopes for wishing that that dream would actually come true. Lol on me I know, but I really am holding on to this.

Topic: How it went from 780$ to 708$ in hours ? (Read 1925 times)