Topic: Markets crashing down, Want to know why? (Read 508 times)

To all that read this,
look closely at the screen names telling you this is temporary and you should spend all your cash on this get rich quick scheme.

Buy in now @ 
20K
19K
18K
17K
16K
15K
14K
13K
12K
11K
10K
 9K
 8K
Because it can only go up,

Be sure and PM them and ask ,

Then WHY THE HELL DOES BTC PRICE KEEP GOING DOWN!

See you at 2k.
 

WHO THE FUCK IS PROFITING FROM BITCOIN THAT LOSES OVER $12000 of fiat value in ~ 3 years?
Only scammers make money in that scenario.

And what about the chip mixer ad in your sig.

As far as my sig , it says zeit is unbreakable & immortal. Meaning the network can't be killed by the likes of you.
No where in my sig does it say a get rich scheme like bitcoin users promise but don't deliver.

If you can't comprehend that 20k was a burst bubble ~ 3 years ago, well that is on you.

---

I am telling you now , when it is irrefutable.
The past ~3 years confirm it.

Sure lose another ~$6000 per bitcoin, by ignoring the reality in front of you.  

Please check price of Bitcoin 3 years ago.

Traders do.  Those who bought  early this year.  I guess you missed the important fact here.  You are too blind on thinking crypto is a bubble without realizing the actual things that happen within that period of time.  People does not care if a thing is a bubble or not, what important is to take profit.  Please don't skip the period  between this 3 years, or before your 3 year point.  Lots of people made money and lots losses too.  Same way with jobs when there is economic depression and when a start up opens and economy is booming.  But people do find potential way in profiting in this kind of event.  Though I agree there are lots of scammers around the cryptocurrency industry but there are also people who profit from this fluctuation in a legit way.

Are you willing to place a bet on that condition?

Whichever comes first, 3k or 30k?

As I expected, Bakkt won't push the price that much since I believe they had been piling during the days when Bitcoin are on its low.  Sadly, price does not went what you expected for now, it is gone below $8k level and just recently recovering.  I do hope that Bitcoin will fully recover above 10k.  Reminds me of some article that Bitcoin need to go down below $8k before it rally and break it ATH ( i just can't recall what article it is).  So the first condition is met, now we have to wait for the speculated rally to ATH.

---

Why do we have to choose when we can do both (crypto and traditional business and jobs).  If a person is profiting from cypto then, I doubt we can advise him to stop his crypto activities what more to those who are deeply rooted in this industry.  I can say, crypto industry is being tested ever since and we have seen its ups and down, but all in all, true traders can see potential of huge profit  in this kind of volatility or scenario.

It seems that the OP has lost some funds.
The game is risky and most of us have lost some as well.

There is no reason to think that crypto and especially BTC is dead for good, we easily went from 3k to 14k. Why didnt you tell us something then ?
If BTC goes to 3k again, I will start to think llike you, just maybe.

what's that ZEIT advertisement in your sig for? "unbreakable, immortal"? sounds like a snake oil to me.


lots of people literally said the same thing in 2014. so how do you know? data, charts, extrapolations, facts---show them to us. repeating in 10 different ways that price is going down isn't convincing.

Then why are you still in this forum, what is the purpose of your posts?

If you sold your coins in last ATH, you're probably profited on that, same as others who do the same thing through the past 10 years. Telling others today that BTC will not make them rich is quite hypocritical from the person who dump all coins back in 2017.

What people like you want is the price to go down as much as possible, so you can buy again and dump at next ATH. Only zero that will happen is the one in your brain, which I believe is not a distant future.

Very nice trolling by the OP.

I like it!

I think it is ok, at first bitcoin's volatile is not make us rich. But make people who really can manage it to be rich. I am maybe people who not get rich from bitcoin because not really do regular trading and do only bounty campaign and hold my bitcoin. But with that, i am not lose much and not be poor because of crypto yet.

If it's going to zero, then so be it, at least, many people already cash out their bitcoin in a long time ago.
They do not regret because of holding bitcoin now and for a long time.
I still hold my bitcoin, but I already bought some more in the crash a few hours ago, and yes, it is a nice profit for me if I sell some to take my money back
But I still hold that bitcoin and only want to sell when the price is back to $10k which I am sure it will be there.
Now, the price is around $86xx and still struggle to increase.
I will be patient for more because I believe that bitcoin has the power to back to the high price.
Well, we will see it later in the next week, and I hope the things will be changed and will be better than now.

Lost your 0.01 BTC on Bitmex, so Bitcoin is dead. Correct?

Nah there’s no need to go out because we knew it will return back again
Just like now why not check the Market price

I’ve highlighted your quote because just “1 hour “ after your crying time Bitcoin now is nearly $8,700  again so what’s the score?

---

Or maybe

You want us to “cry with you ”? It’s obvious that you have lost all your investments because of you wrong predictions lol and now you want us all to share with your mourning 😂

Maybe the market is getting adopted to the Bakkt. This year's peak growth has been reached, and now it is providing with some opportunity to make an investment. Probably the market will recover soon as there is more chances for investment to move from physical trades to coffee.

The books on most exchanges at the moment from what I'm seeing on Bitcoinwisdom.io are extremely thin and there could definitely be a strong bounce even in the next few days or a shorter timeframe if the selling starts to let off a bit (which has already happened to degree), though it does suck that the price action can appear to be so strongly driven by news-related events around here. I've actually personally taken a somewhat significant loss in this dump, though I'll also be changing up my own strategy in the future for anomalies like this in the future.

A ton of longs on Bitmex (More than $600 million according to Datamish) were recently liquidated in this monster of a wick. I wouldn't be surprised if this levelled out and continued to grind upwards in the near future.

more likely he bought high and now regretting his decision
I highly doubt he is big enough to be fishing for cheap coins creating additional panic at bitcointalk  
I literally went to the loo and came back to see the price at x600$ and was like meh , 9600 , a 400$ drop , hope it recovers tomorrow
and then was like WTF its 8600 for the love of god!
lets wait for the buyers to wake up  , say thanks for the cheap coins and settle the price around 8900-9100 ish
probably BAKKT is to blame , but I saw coins dumped in bulk , sold 50 -100 coins a pop , a proper seller would not have done it in an hour and sold slowly
this does look like a market manipulated rather than a panic sell or a trend thingy

Well, I will be mighty pissed if everything recovers before 1 October. I do think you're right and that the dip will be quite painful for a lot of people to bear, and we'll only see more selloffs this entire week, if not well into October. Always bound to happen, especially when news like Bakkt ended up whimpering. Got to learn to stop all the hyping up cause the hangover from underwhelming events hits the market like this.

The aftermath's largely a result of people panic selling after the initial drop as well. This is a pretty good lesson to all those trading to not get involved in leverage if absolutely possible as well, and if you do choose to use leverage, to always use stops. If you're not using stops, you're at very high risk of getting liquidated and you could be trapped in a losing trade. Cascading liquidations from sites like Bitmex also attributed to this; Bitmex was about $100 below the market price on most spot exchanges just a few minutes ago.

I still do think there's going to be an eventual strong V-shaped bounce up from this sharp movement downwards. The panic selling will eventually wind down and we'll see things recover, but the dumping will likely continue to some extent in the meantime.

Somebody thinks he can make people panic and grab cheap coins with stupid threads like this 

you call this a crash? at the weekly time frame, it looks more like a tame version of the mid-2012 or mid-2013 bullish consolidation periods. more like a bull pennant than anything else!

let's assume for a moment that your greater fools theory is correct. you could apply the same logic to the market in mid-2012 or mid-2013, or the 2011 top, or the 2013 top. so what's different this time? how do you know that this time there are no more greater fools?

i was on the speculation forum a lot in 2014-15 so believe me, i've seen my share of threads like this.

When I saw the topic title I knew it had to be you again.

While it's pretty pointless to argue with your points over and over again from thread to thread, I'll address this instead:

I completely agree. While I think that people can still make a lot of money by holding bitcoin and while I'm extremely bullish in the long-term, it's not guaranteed. Getting a job or starting a business and holding a responsible amount of bitcoin in contrast to your net worth is the way to go. Just so you have something to fall on if ever bitcoin goes bust in the end for whatever reason.

You know how this work, if people buy cheap and bitcoin bumps then BTC is the octave wonder... But when they lose then bitcoin is a bubble, is just a waste of time, is time to get a real job  

This phase is better known as panic sales, if OP wants to take the loss and get out of BTC then GG, BTC was not for him.

Its something like that but not quite. The word "crash" does not apply here, but you are correct people should not expect to become rich of buying crypto alone. Start a business that accepts bitcoin, or get a job that pays in bitcoin, will net you a better quality life than doing exactly the same with fiat.

Fiat is devalued at least 2% every year. Of course you cannot expect to live of 2% so even if you bought gold you would have to sell it again if you don't have another source of income. Bitcoin is like gold, but most altcoins are like fiat.

22 years for 20k? Hmm well not necessarily, it might be doable in about 15 years, since it took 10 for it to reach 10k, so logically 10 more needs to take longer. 22 is also valid and quite close to my expectations.

It is time for people to use bitcoin for what it was intended for, a coin, not a become rich scheme. It is maturing, and price will tend to stabilize and become "boring" on each passing day. But where are not there quite yet, however on each passing halving, it will fluctuate less and less.

And don't forget, mining is becoming unprofitable as well. It is headed to become unprofitable at any electricity price, even 1¢ will be too much, this time is coming, and the large miners will close, even asic production will dwindle down, and only hobbyists and small setups with renewable energy will remain and keep the network alive and kicking. But yes, no more money from mining either.

But contrary to your last words, this is not a decay. The price is not expected to go down (much), the longer it stays in a position, the closer that will be its natural price, with a very long tendency to go opposite to the fiat induced devaluation. This is per design, it is a sign of maturity, and is a very good sign.

The fools that don't pay attention and don't diversify their source of income NOW, will go bankrupt. But i guess it is inevitable. For example in trading it is said 90% lose, only 10% wins. Trading is too high risk, and yet its lower than gambling (but close).

Bitcoin was in somewhat of a bubble when it hit $20k, I agree with that.  But you have to realize that even after a bubble pops, it's quite possible that the asset that was in the bubble can and will recover.  The NASDAQ bubble popped in April 2000, and though it took many years it did bounce back to where it was--and it's even higher now than it was back then.  Same thing with bitcoin, only the recovery appears to be happening faster. 

As to the second statement, I think it's absurd to predict it's going to take 22 years for bitcoin to reach its previous ATH.  I certainly could be wrong about that, but I think you're being far too pessimistic based on bitcoin's price dropping a few hundred dollars.  I mean please, it's still at $9500.  It was stuck around $3500 for months before that, so keep some perspective on it.

Lol, that's exactly what it sounds like here. 

Second sentence is pretty much the whole reason why some people never stop buying crypto. The thought of seeing your crypto stash grow which will increase your chances of becoming filthy rich in the long-term is usually enough of a reason for you to buy at every dip possible.

After just 10 years? When half the world are barely starting to know wtf it is? Hmm, I hardly think so...

Nah, OP is definitely a troll who doesn't like Bitcoin, look at his post history, he's been against it for a while now so, even though the timing is great for some FUD, OP has been at it for some time.

The reasons are probably many, but OP's is not among them.

I think that OP is not against Bitcoin and the only reason for this"hate" is to spread a little FUD. It's, after all, the best possible time for it.
I think that in less than a week the price will grow again, proving him wrong.

I guess he bought his first btc above 10k with the news of bakkt coming that will move price of btc to the very top, now his disappointed because there is no big pump in price of btc and he lacks the patient to hodl, maybe you should re-read your post and see where it feat.

I think this is related to Bakkt, as the same thing happened when Bitcoin CME and CBOE were launched.
What is happening now is a price correction but we have not reached the risk levels at $ 9,200.
Surprised that panic occurs when the price drops by about $ 400, these moves were considered normal.
Don't forget that the price has been around $ 3,000 in the past months.

Well OP I am sorry to bring in the hard truth that majority of the people in this forum are day workers and visit this forum in their free time. They are not shills like you who spend all their time on the internet reading r/conspiracy threads and making up bullshit. What you fail to understand because of your lack of grey matter is that bitcoin is an investment for most and if it does go down they will buy more if they can and if affordable to them. If they cant buy then no worry about it.

People here are not illogical traders. They have a brain at least most of them.

This statement having negative connotations against bitcoin is a sign that probably the author had negative experiences pertaining bitcoin or rather he had lost a big amount during the correction of value. Anyway the author has some point but not everything is true especially that we will not get rich with bitcoin since there are already many bitcoin millionaires out there who are saying a lot about bitcoin. Though I am not a millionaire but because of bitcoin I have been able to send my wife to college, my kid to a private school, paid all my debts, construct a house, buy appliance and etc because of bitcoin. If bitcoin is a bad news I will not be here anymore.

I am suspecting OP has been lost fund on bitcoin or some  other crypto-currency. This is a native behaviour of crypto-currency, it will up and down. Nothing happened yet to consider it as crash. Price trend depend on buy pressure, means currently there is low buy pressure and that's why price become bit lower.

Bitcoin or other crypto-currency isn't quick rich method. And likely you were consider it as quick rich method and eventually you have ended up with lost fund. Bitcoin is just a crypto-currency like other. You should trade it careful at your own risk. You lost fund doesn't mean crypto-currency ended up. You are telling fool who have hold crypto-currency, but you might cry once a time why I had not enter and hold crypto-currency. It doesn't matter bitcoin touch $20K or not, matter is how potential it. We can't imagine about price, it might huge dump or up. Depend on markets situation.

So don't discourage newbies from crypto-currency with your poems.

that is just another wave of altcoin shitcoin panic dump as the old remaining bag holders are giving up their worthless bags and  try to flee to their fiat. unfortunately they are fleeing through bitcoin and as they dump Shitcion > bitcoin > fiat the bitcoin price becomes strained. meanwhile people like you who continue bag holding lose money on their altcoins and the rest of us take this opportunity to buy more bitcoin because before you know it just like when price shoot up from $3k to $10k we will see another shoot up from $9k to $20k
now go put your head back in the sand you'll be coming back when it is too late again and again and again.

You lost your money didn't you?

Thanks for this awesome news where did you got this secret informations from?
https://cointelegraph.com/news/bitcoin-not-moved-for-at-least-five-years-is-at-an-all-time-high more and more btc arent moved for years, how can you tell them they are the last fools in lol? 

■²√