Topic: How it went from 780$ to 708$ in hours ? - page 2. (Read 1925 times)
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.
I believe in bitcoin. I can not believe it happened in the first hour, but I believe, bitcoin prices will go up, I guess it just happened a few panic. but, the price will definitely go up to the height.
The only thing we can do at a moment is to sit quietly and keep a watch on price movements, as no one is willing to sell their coins now so its better to wait n watch.
I believe in bitcoin. I can not believe it happened in the first hour, but I believe, bitcoin prices will go up, I guess it just happened a few panic. but, the price will definitely go up to the height.
lol
I read into 3 topics about this crash but nobody mentioned bitfinex was down for hours at that time
I read into 3 topics about this crash but nobody mentioned bitfinex was down for hours at that time
less then 3 weeks to halving will show us how strong is BTC.
best of all BTC price movement should equalize with the difficulty raise and the halving in a 3-6 month period
best of all BTC price movement should equalize with the difficulty raise and the halving in a 3-6 month period
I heard there was a brief period that Bitfinex went offline... Maybe that triggered some fear.
Anyway, I think the correction in price is normal and a price of $700 before the halving to me is healthy. It will worry me if it goes beyond $1000 bubble.
Anyway, I think the correction in price is normal and a price of $700 before the halving to me is healthy. It will worry me if it goes beyond $1000 bubble.
I don't have a big problem with this as we know bitcoin price is never steady and it can not always increase.As for the reason why this happened now i think the answer is here http://www.coindesk.com/19-million-bitcoin-australia-auction/
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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
This is the true nature of bitcoin. The price is dynamic and the fluctuation is a normal thing.
However, the sudden huge decrease in price is due to the huge selling by the Chinese. Traders have booked their profits at $780 level and due to the huge volume of sell trades, the price went down. These dynamic pricing is the main reason why it is not accepted by the major e-retailers like amazon and all.
However, I see no reason to panic as of now. The price will bounce back soon.
However, the sudden huge decrease in price is due to the huge selling by the Chinese. Traders have booked their profits at $780 level and due to the huge volume of sell trades, the price went down. These dynamic pricing is the main reason why it is not accepted by the major e-retailers like amazon and all.
However, I see no reason to panic as of now. The price will bounce back soon.
you must clearly be american
get this silly notion of "the Chinese" "China" out of your head.
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.
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.
Yeah, we can afford to wait longer to earn higher profits, as price is not too good at a moment to sell as it will not allow you to make higher profits.
and with that way of thinking, you will never sell or use your satoshi
(i would say BTC but not many here actual have coins)
This is the true nature of bitcoin. The price is dynamic and the fluctuation is a normal thing.
However, the sudden huge decrease in price is due to the huge selling by the Chinese. Traders have booked their profits at $780 level and due to the huge volume of sell trades, the price went down. These dynamic pricing is the main reason why it is not accepted by the major e-retailers like amazon and all.
However, I see no reason to panic as of now. The price will bounce back soon.
However, the sudden huge decrease in price is due to the huge selling by the Chinese. Traders have booked their profits at $780 level and due to the huge volume of sell trades, the price went down. These dynamic pricing is the main reason why it is not accepted by the major e-retailers like amazon and all.
However, I see no reason to panic as of now. The price will bounce back soon.
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?
First get this silly notion that all chinese people act as one
most mining farms MOVED to china so most transactions would obviously be located in China
China as a country has no influence
and saying manipulation by chinese, is a very naive comment, like they all get together and plan sht
There is always a chance of miners manipulating prices,
but all we are seeing at present is profit taking by big whales
dont expect price of BTC to be one way only,
of course many price rises are the speculative trading
and many (big whale) traders will take profit along the way,
when they do this causes a price drop, which usually then many other traders follow suit,
closing trades to take profit
and then buy back in once price has stopped falling
If price falls by so much, its a clear sign it was previously overpriced due to speculation
in trading the drop is then called a correction
which means BTC is now at a more realistic price at present
which is still higher than it was months ago
and still lower than it will be in a few months time
with the halving coming up (dont expect magic on one day)
we will see quite a few bubbles and corrections over the next 6 months
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?
I think it's not the China alone, many Bitcoin holders seeing such a high price start selling their coins and the result of this selling we are seeing now.
I don't understand people like you. We were in the ~250$ range for a very long time after which the price went to around ~450$. This sudden rise is not something that can ever be stable. It has to correct itself (i.e. come down) from time to time. Last night Bitfinex was down for a few hours as far as I know. That could have been a contributing factor (as the people there were losing money not being able to trade, while other exchanges were going down). You should not be looking to solely profit, and know by now that this is the wrong section for price speculation.
Yeah, we can afford to wait longer to earn higher profits, as price is not too good at a moment to sell as it will not allow you to make higher profits.
Bitcoin was meant to be used not "wait longer to earn higher profits". 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.
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.
Yeah, we can afford to wait longer to earn higher profits, as price is not too good at a moment to sell as it will not allow you to make higher profits.
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.
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.
Maybe yes or maybe no..we dont know whos behind of this decrease in the price of bitcoin.
Some whales make a huge dump to make profit and make bitcoin price goes down ,and thier next step is to buy again to make the price go up again..
Some whales make a huge dump to make profit and make bitcoin price goes down ,and thier next step is to buy again to make the price go up again..
I saw it also on litecoin .. i didnt understand but I lost alot of money, do you think chinese can affect these market so strongly ?
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?
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