Topic: Reason behind this dip? - page 2. (Read 2328 times)
I agree with them, it's just a matter of people are selling out and don't want to miss the action of getting some profit when the price was at the new ATH. And yes, it's only a correction and we are already seeing it a lot of times that when there is a price increase next to it is price decrease and the cycle goes on.
What's the reason BTC dipped quite hard today? I didn't hear any news or recent changes in the landscape, so what made it drop? Whales cashing out or something?
There is no other reason than some people are cashing out. If there is no people selling then we cannot see this dip. Though some consider this as minor correction, and other think it is whale cashing out, the reason is still someone sell their bitcoin stash probably shorting in hopes that bitcoin price will crash.
Lol little deep bro is panicking already. Don't worry too much bro, Bitcoin is heading to $3000 and above.
Such fluctuation happens once in a while.
Such fluctuation happens once in a while.
It is just a small correction. The exchange rates have increased by around 150% during the past 2 months (500% during the last 12 months), and therefore I believe that a correction of upto 30% may be possible in the near future. A lot will depend upon the luck.... If you could sell your coins before the correction, then you can increase your holdings of Bitcoin.
I can't understand what is happening. bitcoin is not only coin which is dropping. This is happening to all coins. see total market cap at coinmarketcap.com.
it dropped near 10 billion dollar just in two hours
it dropped near 10 billion dollar just in two hours
What's the reason BTC dipped quite hard today?...
Greed went too far and Fear took over.
Exchanges manipulating the market with pump-dump was never something new on bitcoin scene, people should continue to hold and not panic sell, that what would kill the price in a matter of hours. We are doing great, we should continue to increase with stability If we want bitcoin to be mentioned in the news in the next few weeks, that should bring more attention and eventually more demand and even a higher price.
Exactly ! Look right now Coinbase. Coinbase is currently down for maintenance. And it's happen often, if not each time, there is a big change in the Bitcoin price. But wait, it's not the only one. Another exemple, Kraken. Kraken right now is so slow, I get the cloudfare page every 5 minutes. Bitcoin Exchanges Kraken, Poloniex To Be Scrutinized For Possible Insider Trading, Manipulation...DDOS or something else I have no idea, but for sure there is something dirty under this
Yes, I also remember that once there was a significant correction, Coinbase went down. Though it is not quite clear what is the cause and what is the effect here. The price might have dipped because of Coinbase going down since people are afraid that this wallet might have got hacked finally, and this raised a wave of panic selling. Anyway, after they started charging fees for sending coins I stopped using this wallet, so no regrets, either
Tomorrow will tell us in what direction the wind blows
What's the reason BTC dipped quite hard today? I didn't hear any news or recent changes in the landscape, so what made it drop? Whales cashing out or something?
What do you expect from that? Bitcoin have run from $1200 to $2600 less than a month. There will be greed people will sell bitcoin for their money and start for another round to collect more bitcoin. No need news for this crash sr. member
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Bitcoin :open immutable decentralized global fair
THREATS OF CHANGE IN BITCOIN PROTOCOL
Does the community here read things and are blind to the fact that most 'changes'/'implementations' to bitcoin protocol are trojan horses to put Bitcoin to death?
Bitcoin is the best working decentralized global store of value that can be simply easily transmitted across the world. In its current form: It is superior to Stocks, Gold, and Real Estate.
Why do you think banks/competitors are looking to change bitcoin?
If you let banksters and the ignorant change the code, you will witness the writing of history of bitcoins demise...
Does the community here read things and are blind to the fact that most 'changes'/'implementations' to bitcoin protocol are trojan horses to put Bitcoin to death?
Bitcoin is the best working decentralized global store of value that can be simply easily transmitted across the world. In its current form: It is superior to Stocks, Gold, and Real Estate.
Why do you think banks/competitors are looking to change bitcoin?
If you let banksters and the ignorant change the code, you will witness the writing of history of bitcoins demise...
Figured it would, I spent a bit at around 4am knowing it's drop around 200 or so today. It just was rising quite too fast for my taste to not think it wouldn't dip.
Exchanges manipulating the market with pump-dump was never something new on bitcoin scene, people should continue to hold and not panic sell, that what would kill the price in a matter of hours. We are doing great, we should continue to increase with stability If we want bitcoin to be mentioned in the news in the next few weeks, that should bring more attention and eventually more demand and even a higher price.
Exactly ! Look right now Coinbase. Coinbase is currently down for maintenance. And it's happen often, if not each time, there is a big change in the Bitcoin price. But wait, it's not the only one. Another exemple, Kraken. Kraken right now is so slow, I get the cloudfare page every 5 minutes. Bitcoin Exchanges Kraken, Poloniex To Be Scrutinized For Possible Insider Trading, Manipulation...DDOS or something else I have no idea, but for sure there is something dirty under this
I wonder if this huge dump goes under 200O USD what will happen? Will there be some mass exit and panic from everyone and will everyone be running to Ethereum or other blockchains instead? Am curious to see what will happen now over the coming days.
I agree if we see a sustained slump and large volumes moving we could see a push back down. With all the talk of segwit on the cards. might be worth riding the waves for a bit in the hope for that one killer wave.
https://bitcoinmagazine.com/articles/bip-148-and-bip-149-two-uasfs-activate-segwit/
There's always dips and corrections. Always.
Exactly
There are too many short term day traders that want to take daily and weekly constant profits. So many of them now entering and doing margin trading also so this is making the markets up and down all the time nowadays. I do hope BTC remains over the 2k USD mark for now.
This is just market correction, it's normal and it's meant to happen after a huge price increase.
Aren't we still sitting at $2400 though? The Coinbase rate is $2592.
Aren't we still sitting at $2400 though? The Coinbase rate is $2592.
The price is too tempting to some big investors not to sell, so he probably dumps it and take profit. We have spoken about $2000 is the mental barrier for others to sell, so maybe what we are seeing is $2500 as set as new barrier before selling their bitcoin.
I saw that article and knew it would cause at least a ripple.
But yeah martkets move up and down all the time. They can't always move up. Anyway remember that you buy in the dips.
But yeah martkets move up and down all the time. They can't always move up. Anyway remember that you buy in the dips.
There's always dips and corrections. Always.
It could be anything. There will always be idiots reacting to the media and panic selling at the smallest sign of a correction. It takes 1 whale to panic sell, then a bunch of idiots see news like these during in a $100 correction, which as a result creates a panic selling period. It doesn't matter, the market will recover, and we'll see soon once again people that were on the fence on jumping in, crying about not having bought the dip.
Goes to show how the media can influence traders...
Exchanges manipulating the market with pump-dump was never something new on bitcoin scene, people should continue to hold and not panic sell, that what would kill the price in a matter of hours. We are doing great, we should continue to increase with stability If we want bitcoin to be mentioned in the news in the next few weeks, that should bring more attention and eventually more demand and even a higher price.
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