Huge drop while i am asleep! This is BS

uki

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Quote from: BlockEye on January 06, 2017, 05:14:59 AM

Quote from: Mr.grin on January 06, 2017, 05:05:14 AM

the current bitcoin prices under $ 950, I just hope that bitcoin prices will not drop below $ 900, because chances are it will make people panic to sell their bitcoin. perhaps this month, bitcoin prices remained steady at $ 900- $ 1,000. I just do not want to see the price of bitcoin back down.

Me too. I recently bought bitcoin @940$ price per bitcoin and i regret that i didn't sell it when it hits 100$. I feel too greedy and expect that it will break 1000 price.. i think whales decided to dump earlier on what i expected. But it is ok, there is still no actual loss if we still hold our bitcoin

That is part of the learning process. One has to learn how to control the greed in order to be a successful trader. Same applies to trading Bitcoin.
The pump was already insane once we crossed $900, so I was expecting it to end as soon as we cross $1k. We went much further than I was expecting.

amacar2

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Quote from: BlockEye on January 06, 2017, 05:14:59 AM

Me too. I recently bought bitcoin @940$ price per bitcoin and i regret that i didn't sell it when it hits 100$. I feel too greedy and expect that it will break 1000 price.. i think whales decided to dump earlier on what i expected. But it is ok, there is still no actual loss if we still hold our bitcoin

But price have broke $1000 few days ago why you haven't sold at that point when price was pumping on $1100+ and if you have bought @940 usd you can sell it now if you are not feeling comfortable with that price as price right now is at the same level where you have bought. Wink

I strongly believe that after this correction, bitcoin will find floor at $1000+. Few panic traders are dumping below $1000 right now, great time to buy more and bag hold..

NeuroticFish

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

Why it seems that bitcoin is most active at night in the US eastern time?

You could use proper programs that can notify you if something big happens on the market.
Or just deploy some safety nets for when you are not in front of the computer (with the obvious risk of false changes in trend and the risk of having too much money on online services).

But don't worry. Sooner or later Bitcoin will recover and even get higher.

The market is for the ones very agile and that know the game very well. You don't seem to fall into that category so you better stop trading and better play the waiting/hodling game.

1Referee

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Quote from: Mr.grin on January 06, 2017, 05:05:14 AM

the current bitcoin prices under $ 950, I just hope that bitcoin prices will not drop below $ 900, because chances are it will make people panic to sell their bitcoin. perhaps this month, bitcoin prices remained steady at $ 900- $ 1,000. I just do not want to see the price of bitcoin back down.

You can't stop the market. It's people's choice to buy up the price all the way to +$1100 where no one is being forced to do so. If you buy at such prices, then you must realize what risks you're exposing yourself to. And exactly that is something they don't realize/understand, or they simply don't care due to their yolo mentality. I personally don't rule out to test the $800 level again within let's say a month or so. Market was heavily overbought to a point where people with common sense would just wait for the market to come down again before buying themselves some coins. But then again, as long as people don't sell their coins, they don't lose anything.

BlockEye

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Quote from: Mr.grin on January 06, 2017, 05:05:14 AM

the current bitcoin prices under $ 950, I just hope that bitcoin prices will not drop below $ 900, because chances are it will make people panic to sell their bitcoin. perhaps this month, bitcoin prices remained steady at $ 900- $ 1,000. I just do not want to see the price of bitcoin back down.

Me too. I recently bought bitcoin @940$ price per bitcoin and i regret that i didn't sell it when it hits 100$. I feel too greedy and expect that it will break 1000 price.. i think whales decided to dump earlier on what i expected. But it is ok, there is still no actual loss if we still hold our bitcoin

Watari

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Quote from: Mr.grin on January 06, 2017, 05:05:14 AM

I just do not want to see the price of bitcoin back down.

lol, that's endearing

Mr.grin

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the current bitcoin prices under $ 950, I just hope that bitcoin prices will not drop below $ 900, because chances are it will make people panic to sell their bitcoin. perhaps this month, bitcoin prices remained steady at $ 900- $ 1,000. I just do not want to see the price of bitcoin back down.

Przemax

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Quote from: Mlich on January 06, 2017, 02:46:15 AM

What in the world is going on with the bitcoin price Huh

From 1130 dollars to $975 that is ~$150 drop and this is happening to soon,

Its an internet Magic money. Its just a wizard of disappearance in action. Have you ever heard a phrase - if its sounds too good, its propably too good to be true.

Learn a lot more about something before puting your money there. If there was no correction on the market price in any market, it means its a total manipulation and not a free market. Its just that simple.

Mlich

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What in the world is going on with the bitcoin price Huh

From 1130 dollars to $975 that is ~$150 drop and this is happening to soon,

TheBobman

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Quote from: Vuizel on January 05, 2017, 10:58:39 PM

Yes its pretty sick but that is the world of the bitcoin on every moment it can go up but also down, be prepared to sell when you have a good price.

That is indeed the market, its not for a reason that you always have look at the price everyday and minute because it can in a wink go up or down, its now just so unstable.

Vuizel

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Yes its pretty sick but that is the world of the bitcoin on every moment it can go up but also down, be prepared to sell when you have a good price.

dooglus

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Quote from: fuckingidiot350 on January 05, 2017, 08:20:02 PM

Q. there is no way to predict when a whale will appear and create a massive dump?
A. true

Q. You know that during a big dump money always goes from the small fishes to the whales?
A. true

A. So don't risk your money when it can disappear due to one whale dumping on BTC.

Keep your money safe away from the bitcoin sharks.

Username checks out.

fuckingidiot350

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

For those in east coast, how do you deal with this volatility during the early hours of the morning???

Q. there is no way to predict when a whale will appear and create a massive dump?
A. true

Q. You know that during a big dump money always goes from the small fishes to the whales?
A. true

A. So don't risk your money when it can disappear due to one whale dumping on BTC.

Keep your money safe away from the bitcoin sharks.

dooglus

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

For those in east coast, how do you deal with this volatility during the early hours of the morning???

Turn the phone to 'silent' mode and get a good night's sleep.

As the old saying goes, if you can't stand the Bitcoin-heat stay out of the Bitcoin-kitchen.

Tanic

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I think you don't need to make panic and to start a new thread cause of bitcoin lost couple of dollars while you were sleeping. That is normal situation and bitcoin is rising same fast as it going down.

olubams

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

Why it seems that bitcoin is most active at night in the US eastern time?

I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?

For those in east coast, how do you deal with this volatility during the early hours of the morning???

I tell you. It has not been easy for everyone all over the world where Bitcoin is being mentioned. For you, I say youre lucky because you were asleep and you couldnt have made some decisions 5 minutes before the drop. For me over here, I had wake up with smiles seeing that things are still very much with the range where I left it last night and within minutes for me to refresh my account, I could not just believe it but I m also optimistic that we will recover...

morantis

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at the same time, we are a good bit up from december, this is a big high point and by investing in hunks and chunks you can profit

mainpmf

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Quote from: BitcoinBarrel on January 05, 2017, 12:13:58 PM

Many people have to LOSE in order for a few to WIN.

Be honest with yourself that maybe you aren't as knowledgeable of the market as you think, then take a break. If trading is what you are passionate about, then only risk small amounts that you are WILLING TO LOSE. Consider it payment for education and entertainment purposes only, and go from there.

Yeah that's an important step...

I was trading a lot a few months ago. Made some profit, lost some too...
But I stopped everything simply when I understood the reality: I can't predict shit xD
I mean for me trading is more or less the same as gambling. The difference being that the odds are completely unknown and so are the payouts! I get it that it's a job in itself and it's not an amateur place because as a newbie only one thing will happen: you'll lose all you have. So don't trade because you can't understand or predict the market.

BTCLovingDude

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BTC to the moon is inevitable...

you were asleep when it happened, i went to have dinner and came back to see $1100 is turned into $950 Cheesy

Quote from: Sugetsu on January 05, 2017, 10:26:15 AM

I sold, i was still making a profit. The question is now when to buy back. By the look of things it looks like a pretty big gamble.

at this point and specially after seeing the huge resistance at $850 and the bigger tendency to stay above $900 i'd say it is a great time to buy below $1000 before it is too late.

MiladMax

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Great opportunity to buy BTC under $1k

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

Many people have to LOSE in order for a few to WIN.

Be honest with yourself that maybe you aren't as knowledgeable of the market as you think, then take a break. If trading is what you are passionate about, then only risk small amounts that you are WILLING TO LOSE. Consider it payment for education and entertainment purposes only, and go from there.

piloder

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When this blood bath started it was evening here, i was having a cup of coffee in a restaurant so that i can't quickly dump my holdings from my mobile and thought this was small dump but before i finish that cup of coffee price drop more than $200. Shocked

But i think this drop is temporary because of yuan got stronger out of sudden, which may not continue for longer time so eventually chinese will start to buy bitcoin again.

mainpmf

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

Why it seems that bitcoin is most active at night in the US eastern time?

I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?

For those in east coast, how do you deal with this volatility during the early hours of the morning???

Ahahah btc trading is like extreme sport! You never know when you're going to die xD

Volatility is high in US nights mainly because big companies and big miners have no reason to not perform their operations when people aren't very active, it's easier for them to manage their trades if they deal with orders placed and not actual people that can react fast.
And I'd say that now is time to buy, or at least place order for around 930$. But it's btc so oyu never know that's the whole point ^^

chaser15

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

Why it seems that bitcoin is most active at night in the US eastern time?

I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?

For those in east coast, how do you deal with this volatility during the early hours of the morning???

That is damn normal mate. There is no continous price rise to $1000 that happened since it's ATH so why sacrifice a bit of time. When there is a highly price rise expect a downfall for about $50 above or even $200 since profit takers are on the way.

To deal with this is not the issue, it's just that you assumed that around $1,100 seems stable which is really not. Since it stepped up at $1,000 no such thing as stable here even for less percentage.

Katewind

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

Why it seems that bitcoin is most active at night in the US eastern time?

I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?

For those in east coast, how do you deal with this volatility during the early hours of the morning???

Yes, Chinese are selling bitcoin . They control the price of bitcoin. They can make it down or up.
That's so bad. I just only look at the bitcoin falling that I couldn't do anything.

tabnloz

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Quote from: spazzdla on January 05, 2017, 10:32:10 AM

China, China , China, China

Did I mention China?

The record strengthening of the offshore Yuan probably has something to do with the plunge. But the conditions that led to bitcoins rise in China are still there; depreciating trend, having to use reserves to defend against the depreciation. So, will probably see a continuation of the pump whenever the CNY goes back to weakening.

RodeoX

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It's a perfect time to trade in China?

hacknoid

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This exact same thing happens each time there is a correction; any time the price climbs significantly, there is a sudden pullback to a midpoint right between where the price rise started and where the peak happened. The current significant rise started around $800, and peaked around $1100; (800 + 1100) / 2 = $950, which is where we are bouncing now. Bouncing around the midpoint continues for a bit before we settle back into the trend.

I've taken to calling this the "bitcoin heartbeat". And it won't be the last time this happens.

harizen

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

Why it seems that bitcoin is most active at night in the US eastern time?

I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?

For those in east coast, how do you deal with this volatility during the early hours of the morning???

So basically you want the bitcoin price volatility adjusted in your own preference? It's like the price movements must always go to the way you want. Sounds crazy isn't it?

That is the challenge so you must think of a way on how to deal with that. It's not the bitcoin's price problem anymore if it will ruined anyone's sleep.

Quote from: Sugetsu on January 05, 2017, 10:26:15 AM

I sold, i was still making a profit. The question is now when to buy back. By the look of things it looks like a pretty big gamble.

Since you entered the investment part of bitcoin then probably you are gambling. When to buy depends on your anaylzation. If you can afford to buy at the current price then just go with it, if you feel not then don't.

spazzdla

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China, China , China, China

Did I mention China?

Actualiteit

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Sugetsu

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I sold, i was still making a profit. The question is now when to buy back. By the look of things it looks like a pretty big gamble.

Slow death

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

What do i do now? Hold? Or Sell?

Are you currently making a profit or are you at a loss?

Quote from: talks_cheep on January 05, 2017, 09:44:15 AM

January blood-bath has started. Price will drop like a rock in a bottomless hole. Sell now, thank me later.

Haha ha

You spread more panic.

Quote from: btcmerich on January 05, 2017, 09:42:41 AM

MONEY NEVER SLEEPS! Cool

I agree!!!

Sugetsu

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I don't call it recovery when the price keeps jumping up and down $20 to $30 every few minutes. It could well "recover" like it did at 5am this morning and then nose dive again. I am looking at the volume in bitstamp right now and it is crazy, it is over 30k right now. My guess is the day progresses and more people wake up to find this dump they might just sell which will trigger a new dump.

But my question is, how do you prepare for 27% drop swing during the early hours of the morning, when you are sleeping? And why you think this happens at this time? Is it because China is specially active at thosr hours?

talks_cheep

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January blood-bath has started. Price will drop like a rock in a bottomless hole. Sell now, thank me later.

btcmerich

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MONEY NEVER SLEEPS! Cool

also what you should do now is only for you to know. if playing like this and your trade does not go well then hold and do not panic. be it a year or a month your sell price will come

manselr

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Quote from: Sugetsu on January 05, 2017, 09:32:45 AM

Why it seems that bitcoin is most active at night in the US eastern time?

I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?

For those in east coast, how do you deal with this volatility during the early hours of the morning???

If you can't take this level of volatility simply put: do not be involved in bitcoin. Bitcoin is not for the faint of hearth, extreme volatility is expected. Marketcap is small so big swings will happen. If you can't take swings up 200 dollars up and dollars down then you will not make it long term. Chances are you will get trapped panic selling in one of the dips and you will not be able to buy back, or you will buy back at a loss and after a couple of times of buying back at a loss you will end up bankrupt. Buy ever dip and hold long term, its the only thing that works, everything else is a casino gamble. It went down but it could have continued going up to 1500. Right now is recovering again.

Sugetsu

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Why it seems that bitcoin is most active at night in the US eastern time?

I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?

For those in east coast, how do you deal with this volatility during the early hours of the morning???

Topic: Huge drop while i am asleep! This is BS (Read 1616 times)