Is everyone "Cashing out" - page 7. | Bitcointalksearch.org

Coyoteerex09

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Quote from: haileysantos95 on December 22, 2017, 01:02:23 AM

Quote from: rickou812 on December 21, 2017, 09:35:23 PM

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

There is no massive cash out that has been happening in all coins its just that maybe there are less traders that are trading in the market right now that why its price is dropping, some traders might be in vacation and just doesnt care about the price now because they can still get it back next year.

I hope it is just like that. LOL Whats wrong if people will cash out early. I think they are contented with their profit. That's all.

haileysantos95

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Quote from: rickou812 on December 21, 2017, 09:35:23 PM

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

There is no massive cash out that has been happening in all coins its just that maybe there are less traders that are trading in the market right now that why its price is dropping, some traders might be in vacation and just doesnt care about the price now because they can still get it back next year.

Coyoteerex09

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Quote from: nunzio2012 on December 22, 2017, 12:57:58 AM

Quote from: rickou812 on December 21, 2017, 09:35:23 PM

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

No, GDAX are continuing with their market manipulations. When the BITCOIN price hit the 12.8K-13.3K level, they forbid the buy orders, trying to add additional pressure.
GDAX is now on my blacklist and I will never use them again.

Is GDAX really controlling the market value of bitcoin? I thought it is in the hands of all the investors in bitcoin. People are a bit scared right now that they will lose their profit. That's why, I think is the reason.

nunzio2012

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The Future of Crypto Trading | Apollo

Quote from: rickou812 on December 21, 2017, 09:35:23 PM

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

No, GDAX are continuing with their market manipulations. When the BITCOIN price hit the 12.8K-13.3K level, they forbid the buy orders, trying to add additional pressure.
GDAX is now on my blacklist and I will never use them again.

Coyoteerex09

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I think if you have a lot of bitcoins, better pull out some of them and start a business. At least, it will be safe. Right now, the price of bitcoin is already going. Who knows what will happen next?

ask

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After network issues too many people start to cash out and getting profits.
This is for bitcoin and ethereum. But there are profitable coins so i do not cashout.

xuan87

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Maybe some of them cashing out into Fiat but I don't think that is the main reasons why the price go down, in this very week we already see a lot of increasing so it's normal now we have correction, but usually the price will be back to normal after Christmas

unusualfacts30

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as someone mentioned it has to do with Christmas and weekend that's coming, it's an opportunity to scoop in cheap coins. I envision that this will continue till New Year and weak hands will leave.

Docbee

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Yes, the market cap has been growing drastically recently so some correction are need btw Christmas after new yeat things should be back to where it was and even more people adding to the current cap we are seeing.

boyshx

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Year end is a festival, holiday time. People accumulate money the whole year and spend the same at the end of it. That is why in the last week of every year all the markets all over the world go down. People cash out their investments. Bitcoin which is crossed $19000 mark is around $14000. For many this is an opportunity to jump into currency market. Year end is the best time to invest in.

Kryten12

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TREEBLOCK

I think some people ware cashing out to make sure they have FIAT funds to spend over the Christmas holidays. It is also a correction from the recent rapid rises. I would expect normal interest to return at the start of January.

AzureDragon

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Some cashes out due to the large profit (last several weeks). But in the long term, it is worth investing despite the decline in rates of cryptocurrencies.

WindForce

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A lot of people cashing out. You can't expect people to do +50% gains in just one month an not cash out.
Now i see after drop to 13K, BTC is back to 14.5K in a few minutes, meaning a lot of investors are buying "cheap" now

macchiato

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Not all. When instances like this occurs, do not panic sell. Just keep holding your coins because it will soon recover after holiday season. This dump is already expected so why panic? I believe that we really cannot control crypto coins' volatility but we can know how to manage our belongings.

andthereyou

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Quote from: rickou812 on December 21, 2017, 09:35:23 PM

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

Yes, this Holiday is more likely the reason . People are going to their homeland or hometown to gather with families and of course they need money for the gathering.

jlaakso

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This sudden drop is/was a dump which is already correcting itself. Traders and newcomers and propably others as well as cashing out profits, taking a breath and enjoying holiday season. Investors and smart money are cashing in at dropped prices. There will propably be similar fluctuations before end of the year, making opportunities to buy low and sell high. I think I will be holding and watching this through, do little bit of day trading every now. Happy holidays

thend1949

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Quote from: tippytoes on December 21, 2017, 10:21:35 PM

Quote from: jtipt on December 21, 2017, 10:14:15 PM

Quote from: Thermatic on December 21, 2017, 09:38:07 PM

Yeah the Christmas cash-in

Yeah you could say that, but mostly people are just following the trend it's just panic selling. BTC and several other altcoins have seen maybe new investors in past few months, people who don't know anything about cryptos are just going to follow the herd and sell as soon as they see little drops in price. That's what is happening right now, but now that price is dropped more people are going to invest and price will be back up soon.

I saw that kind of scenario before. So yes, the bitcoin price will go up again, maybe in a matter of days only. Large investors are now buying again because bitcoin has low price. Traders are happy with this kind of situation.

The previous situations of bitcoin fluctuation is coming back again and the transparency on how it performed from previous months ago. I think those cashing in and holding their bitcoins might be able to help the next pump of its price for next year, but the price this year wasn't able to be stabilized due to lots of people who been dumping. Well the opportunity now is a better idea while the price declines for the main time, most importantly long term investments is a good mindset to those who saved bitcoin for the future.

ukiert

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Quote from: FDC1412 on December 21, 2017, 10:57:38 PM

Well that is expected specially when the peak prices of crypto are occuring now. The tendency to gain slme profit is to sell when the price is extremely high but considering and expecting price hikes before it falls.

Yes correct if we were to sell high-priced time coin prices if the time we wait for better low cost high, wait first before getting the results that many, in the world we must smart crypto to choose which coin is good for future

bitcoinbox

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So far so good

Not especially cashing out but transfering BTC's into some promising altcoins. But probaly some people are cashing out for Christmas as well.

FDC1412

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Well that is expected specially when the peak prices of crypto are occuring now. The tendency to gain slme profit is to sell when the price is extremely high but considering and expecting price hikes before it falls.

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