Panic sellers got flushed fast - page 5.

DimensionZ

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Quote from: BitcoinBarrel on November 05, 2016, 12:25:50 PM

Or maybe panic buyers are keeping the market afloat until Black Friday Cheesy

And then everyone will rush to exchange their Bitcoins for cash so that they could buy cheap stuff on Black Friday and crash the price of Bitcoin? I guess not. Long-term holders won't sell their stash just because there are some deals when they could use cash. Alt coin miners on the other hand will most probably start selling some coins to buy early Xmas presents.

Bitcoinsummoner

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Quote from: Carlsen on November 06, 2016, 11:17:15 AM

I don't think that the recent drop was too harmful for any noob.
A noob might not check the price every day, so there are high chances that a lot of them did not even notice the drop.
And if they did sell, I don't know anybody who starts with bitcoin and puts much money in it.

To me i always watch the price of bitcoin. checking the price on preev dont need much time . the drop few days ago is just whales attack and i think we don't need to worry because there is still possibility that we can still experience to reach 800 value soon because of price increase back again..

Carlsen

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I don't think that the recent drop was too harmful for any noob.
A noob might not check the price every day, so there are high chances that a lot of them did not even notice the drop.
And if they did sell, I don't know anybody who starts with bitcoin and puts much money in it.

chaser15

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Quote from: BTCLovingDude on November 06, 2016, 09:14:03 AM

Quote from: chaser15 on November 06, 2016, 03:11:52 AM

Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

You think those BTC1 or BTC2 dumped by the noobs will ever create panic or let's say BTC10 overall has been sold by those noobs? You think you will just watched the price decrease and not to secure profits? What if they able to buy at $600 and seeing the price gradually decrease when it reached around $750, they will do nothing and just allow it?

Look at the price range right now we are playing. It's established a good support at $700 which is a good news to consider since we can treat this range as low in the future. Patience and relax, we will set to the moon soon.

you would be a fool to think whales are not dumping to decrease the price but also there is much more noobs (better term is weak hands) in bitcoin which total to a lot bigger number than 10BTC and they don't initiate it.

there are stages when the whales couple spreading FUD with dumping at the same time to create the panic for idiots then go on exchanges and sell and immediately open a buy order lower to buy from those idiots then the game begins where they dump and buy until it is at a bottom and then start only buying. you can see this on a chart when there is a big jump back up again.

You are not getting the whole point I guess. You guys are blaming with the weak hands that's why they follow the dumping scenarios of those big whales.

What you must point is not the weak hands itself but the source of it. What if those noobs are taking profit? They will just watch how the price decrease without doing nothing? Those trends that whales are starting are part of the price fluctuations in bitcoin so better ride with it rather than take that as a problem. They can still repeat the process of buying after reaching the dipping point which if we will carry the situation in the recent price decrease, the dipping point is around and close to $700.

lionheart78

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Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Or maybe not, more probably those who are selling have their profit. Remember bitcoin stays for around $620 - $650 for several weeks, so more probably the dump is for reaping the profit when price hits 700+. $50-$100 profit for a single bitcoin isn't bad. And then they will buy back at the bottom which in return can gain them another profit because Bitcoin is holding strong at $700+ now

n0ne

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Quote from: amacar2 on November 06, 2016, 06:19:58 AM

Quite true that weak hands always loss being panic, actually it was the good dip to buy cheap coins when FUD was around about chinese banning bitcoin. Created by whales just to shake few small hearted traders to grab all their bitcoin holdings.

I had bought few on that panic dump below $700. Grin

That's the best way of making profit. During the price increase and decrease people often get panic with the price movement. One who gets good learning about bitcoin with its true potential won't panic even if steep decrease happens after price fluctuations.

BTCLovingDude

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Quote from: chaser15 on November 06, 2016, 03:11:52 AM

Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

You think those BTC1 or BTC2 dumped by the noobs will ever create panic or let's say BTC10 overall has been sold by those noobs? You think you will just watched the price decrease and not to secure profits? What if they able to buy at $600 and seeing the price gradually decrease when it reached around $750, they will do nothing and just allow it?

Look at the price range right now we are playing. It's established a good support at $700 which is a good news to consider since we can treat this range as low in the future. Patience and relax, we will set to the moon soon.

you would be a fool to think whales are not dumping to decrease the price but also there is much more noobs (better term is weak hands) in bitcoin which total to a lot bigger number than 10BTC and they don't initiate it.

there are stages when the whales couple spreading FUD with dumping at the same time to create the panic for idiots then go on exchanges and sell and immediately open a buy order lower to buy from those idiots then the game begins where they dump and buy until it is at a bottom and then start only buying. you can see this on a chart when there is a big jump back up again.

amacar2

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Quite true that weak hands always loss being panic, actually it was the good dip to buy cheap coins when FUD was around about chinese banning bitcoin. Created by whales just to shake few small hearted traders to grab all their bitcoin holdings.

I had bought few on that panic dump below $700. Grin

uki

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Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

It is and always have been part of the game. People with little patience go down the drain and pay all the bills in the end. Nothing bad about it. They have to learn the lesson to avoid the same mistake next time. Education always costs.

senyorito123

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Quote from: Zadicar on November 06, 2016, 03:17:55 AM

Quote from: harizen on November 06, 2016, 02:51:18 AM

Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.

Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

They would normally sell off their coins to secure profits and thats the way of short trading and doesnt mean that they are newbie or what. Securing profits is jsut normal and bitcoin traders will do these and also as we all know the price will possibly move in any directions thats why we should expect these kind of things.

Actually i can say that i am little same among those seller, since i doesnt hold btc for long stake, this thrend for me is just good since the profit i can get will be big and at the end of the day i choosely convert it to real cash to use,

But normally my cashout routine is weekly basis, and maybe i will hold for this moment and let my bitcoins multiply for little more,

Zadicar

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Quote from: harizen on November 06, 2016, 02:51:18 AM

Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.

Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

They would normally sell off their coins to secure profits and thats the way of short trading and doesnt mean that they are newbie or what. Securing profits is jsut normal and bitcoin traders will do these and also as we all know the price will possibly move in any directions thats why we should expect these kind of things.

chaser15

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Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

You think those BTC1 or BTC2 dumped by the noobs will ever create panic or let's say BTC10 overall has been sold by those noobs? You think you will just watched the price decrease and not to secure profits? What if they able to buy at $600 and seeing the price gradually decrease when it reached around $750, they will do nothing and just allow it?

Look at the price range right now we are playing. It's established a good support at $700 which is a good news to consider since we can treat this range as low in the future. Patience and relax, we will set to the moon soon.

Pattberry

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Quote from: harizen on November 06, 2016, 02:51:18 AM

Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.
Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

This is not about being a noob ,i am sure nobody understands exactly why the price of bitcoin is moving ,only thing we know is after price increases we would see a article that he price increased because of so and so and that is the case of price depreciation ,unless and until there is a major hack,these price fluctuation is because of active traders trying to book their profits and then re entering at a suitable price.

harizen

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Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.

Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

Zadicar

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Panic selling is just normal for those who have idea on a certain dump of bitcoin price. FOr those newbies out there expecially on trading they would surely sell out their bitcoins because they are afraid to loose even more money and as OP mentioned we are now holding on $700 mark and hopefully it would not stay below that price.

pooya87

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Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

sometimes i feel like some people are incapable of looking at the charts! and the volumes in the orderbooks!

because sometimes it is so obvious what these whales are doing. when you see a buy wall or some series of buy walls forming at a lower price and you see dumps on higher price it is obvious they are waiting there at the bottom for the fools to fill their orders.

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Quote from: maokoto on November 05, 2016, 12:08:24 PM

If there were more people knowing the true value of bitcoin that would not happen.

Ohh... the true value is the situation on the exchange market, just based on money flows. All other things is a fantasy.
Seems someone is ready to pray on BTC and never spend BTC to pay things or services.

Caladonian

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Quote from: blackmagician on November 05, 2016, 09:12:36 PM

Those panic sellers are crying right now. And those who buy when the panic started are the one who are happy about it. They cant control thier temper,and fall into temptation.

that's the problem if you are just relying with the hype without knowing the flow, this is just common with btc movement certain fud or bad reputation would create some destruction down fall follows and whales will ride with it and make it seems reality and weak holders will choose to lose little thinking that it will go down deep.

Snorek

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When people will understand that bitcoin bad news and FUD travel fast and cause a lot of panic? It was always like that.
I wouldn't be surprised if someone proved that many of these FUD articles was written by speculators who are seeking good entry price.
Moral of the story? Always buy more BTC when obvious FUD is happening.

blackmagician

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Those panic sellers are crying right now. And those who buy when the panic started are the one who are happy about it. They cant control thier temper,and fall into temptation.

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