Reason for current bloodbath | Bitcointalksearch.org

batang_bitcoin

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Quote from: Soots on November 29, 2019, 08:10:30 AM

Quote from: batang_bitcoin on November 29, 2019, 05:12:23 AM

Being volatile is what making bitcoin an exciting kind of asset. Whatever reasons an individual will come up for every dump these entries of opportunity should be used by them but if they keep on looking for the reasons, they might pass it.
It's true that the price motion of bitcoin is quicker than the stock market that when people see 5% gain within a year, they're already celebrating. While for us, a 5%+ becomes a normal trend so do a -10%/day.

Because of that fast and sudden changes that we experienced at glance we noticed immediate crashes. On that scenario, it's always an unpredicatable situation which we usually see by the time bearish trend dominantly took over the market, and typically the reason why bloodbath occurred so bad.

Bitcoin will always be an unpredictable asset but I've read opinions and speculations that in the future it will have a stable price which is going to be favored by many. Stable in a manner that it will not go down anymore to the extent that we're experiencing right now.
And that's a very likely manner of bitcoin by most although we are too aware of its unpredictable movement, we want it to have a high stable price.

Wexlike

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Quote from: beerlover on November 29, 2019, 02:35:51 PM

I believe the main reason for the current one is that price wasn't going as high as the traders and whales wanted on the recent increase so they wanted to let it go and sell and accumulate more in order to gain more later.

The price was around $7.5k just few months ago in September but it increased to around 9 thousand dollars, people expected it to go well beyond that, into 12 thousands but it didn't which resulted with price being let down once again to try again. When you can't do one thing, it is better to let it go and try again later so that is what we are doing right now.

Hopefully, next bull rally will end up with price going above 10 thousand dollars or we will have to find a way to try again and again and again until we are finally above the limits we want.

Compared to the last pre-halving bubble, the price is rather high. So maybe it has also something to do with it.

beerlover

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I believe the main reason for the current one is that price wasn't going as high as the traders and whales wanted on the recent increase so they wanted to let it go and sell and accumulate more in order to gain more later.

The price was around $7.5k just few months ago in September but it increased to around 9 thousand dollars, people expected it to go well beyond that, into 12 thousands but it didn't which resulted with price being let down once again to try again. When you can't do one thing, it is better to let it go and try again later so that is what we are doing right now.

Hopefully, next bull rally will end up with price going above 10 thousand dollars or we will have to find a way to try again and again and again until we are finally above the limits we want.

BChydro

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Quote from: Reid on November 28, 2019, 09:05:20 AM

Unlike gold which could be traced all over the world. The market of crypto currency is that broad to just expect what will happen next.

I differ with this statement, you cannot even trace all the gold in the world, but when it comes to bitcoin and any coin with a public blockchain you can monitor every transaction that is done, you cannot know the real volume in exchanges as majority will provide fake volume but you can monitor the number of transaction going in and out of the exchange, the reason for the blood bath is because the market was not having any momentum to rally higher and when that happens it always go down.

Oilacris

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Quote from: batang_bitcoin on November 29, 2019, 05:12:23 AM

Quote from: ecnalubma on November 28, 2019, 09:48:34 PM

Consider every bloodbath an opportunity for new entrants because they can't buy at high prices and its the only time that giving them a bargain price. It will be boring and less exciting if the market will be less volatile, even the dumps are artificial or conincide with FUD most investors prefer this way unlike the traditional stock market where hard to make easy profit in short term.

Being volatile is what making bitcoin an exciting kind of asset. Whatever reasons an individual will come up for every dump these entries of opportunity should be used by them but if they keep on looking for the reasons, they might pass it.
It's true that the price motion of bitcoin is quicker than the stock market that when people see 5% gain within a year, they're already celebrating. While for us, a 5%+ becomes a normal trend so do a -10%/day.

5-10% a day is just really a typical day to happen here on crypto space.Ive been seeing some stocks and forex traders that do switch completely or move to crypto due to returns out of very volatile market and this
what makes exciting for those who do know to trade yet they do saw the opportunity on earning more but to think it would always equal on the risk involved.

We do see lots of reasons specially if there were fuds and exchange hacking news and millions of being stolen then the market do either normally reacts or wouldnt just dont mind.

andycarrol

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Quote from: Wysi on November 22, 2019, 03:57:16 AM

We have seen a overall bloodbath of all the crypto currencies and bitcoin being no expectation, but most of the users had predicted a dump before pump which could possibly happen post halving but isn't it too early that we are witnessing this dump? What do you think has created this dump?

I don't see any reason, but I learn from history, as at the end of the year 2018 has decreased, and usually, before halving happens it will decrease according to what I see, although lately upbit gets hacked but bitcoin actually increases. Another reason might be that some whales sell to get a lower price before halving occurs.

Soots

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Quote from: batang_bitcoin on November 29, 2019, 05:12:23 AM

Quote from: ecnalubma on November 28, 2019, 09:48:34 PM

Consider every bloodbath an opportunity for new entrants because they can't buy at high prices and its the only time that giving them a bargain price. It will be boring and less exciting if the market will be less volatile, even the dumps are artificial or conincide with FUD most investors prefer this way unlike the traditional stock market where hard to make easy profit in short term.

Being volatile is what making bitcoin an exciting kind of asset. Whatever reasons an individual will come up for every dump these entries of opportunity should be used by them but if they keep on looking for the reasons, they might pass it.
It's true that the price motion of bitcoin is quicker than the stock market that when people see 5% gain within a year, they're already celebrating. While for us, a 5%+ becomes a normal trend so do a -10%/day.

Because of that fast and sudden changes that we experienced at glance we noticed immediate crashes. On that scenario, it's always an unpredicatable situation which we usually see by the time bearish trend dominantly took over the market, and typically the reason why bloodbath occurred so bad.

batang_bitcoin

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Quote from: ecnalubma on November 28, 2019, 09:48:34 PM

Consider every bloodbath an opportunity for new entrants because they can't buy at high prices and its the only time that giving them a bargain price. It will be boring and less exciting if the market will be less volatile, even the dumps are artificial or conincide with FUD most investors prefer this way unlike the traditional stock market where hard to make easy profit in short term.

Being volatile is what making bitcoin an exciting kind of asset. Whatever reasons an individual will come up for every dump these entries of opportunity should be used by them but if they keep on looking for the reasons, they might pass it.
It's true that the price motion of bitcoin is quicker than the stock market that when people see 5% gain within a year, they're already celebrating. While for us, a 5%+ becomes a normal trend so do a -10%/day.

ecnalubma

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Consider every bloodbath an opportunity for new entrants because they can't buy at high prices and its the only time that giving them a bargain price. It will be boring and less exciting if the market will be less volatile, even the dumps are artificial or conincide with FUD most investors prefer this way unlike the traditional stock market where hard to make easy profit in short term.

LogitechMouse

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I have watched a video on youtube yesterday and he said that there are now 3 kinds of analysis right now that analysts are using. You probably agree with this or not but it is true for me.

1. Technical Analysis
2. Fundamental Analysis
3. CA ( Huh

)

What is this CA you are saying?? Simple. China Analysis Cheesy

.

You can see it already if you are watching youtube videos all the time that is related to Bitcoin and blockchain. In 2017 when China isn't like Bitcoin and crypto in general, the price of it shoot to almost $20k. Now 2019, when they are releasing positive news regarding Bitcoin and blockchain prices of Bitcoin pump and vice versa. China Analysis is for me the best analysis Cheesy

.

vintages

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Quote from: Wysi on November 22, 2019, 03:57:16 AM

We have seen a overall bloodbath of all the crypto currencies and bitcoin being no expectation, but most of the users had predicted a dump before pump which could possibly happen post halving but isn't it too early that we are witnessing this dump? What do you think has created this dump?

Too early? I am kinda lost in that part.
There is no period that is too early or too late for price dip to occur. When you say its too early, you make it seems as though we know the market will take this direction, which brings use to the question of why we didn't act fast.
Anyway about why the current red, many people are again pointing towards the Chinese government, forgetting that people emotions can be the case too.

Reid

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The dump is created by a normal trend of bitcoin.
It does happen without any reason.
A lot of exchange is being created and we don't really know who is selling.
It could be a whale which used a different exchange or it could be a group of people who is using an unknown exchange with high volume.

Unlike gold which could be traced all over the world. The market of crypto currency is that broad to just expect what will happen next.

Questat

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Quote from: romero121 on November 28, 2019, 12:42:30 AM

For users who think it a bloodbath it is time to make an investment or to leave the market selling off what they hold. For users who believe on further growth it is time to hold because people easily get panic as the market continues to fluctuate withing certain range.

That's the two kinds of mentality of users in crypto, but in the end, those who believe and hold to survive will enjoy.
We can't panic at this moment, once we enter crypto, we should be ready for this and actually its not the first time it happened, it happened many times so its not something new anymore, just relax, take it easy and HODL, its always been a working method when investing.

Whatever the reason for any bloodbath, most of the time its just a wrong speculation as the market corrects in the end.

Wysi

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Quote from: Darooghe on November 28, 2019, 03:09:04 AM

The set of negative news from China and actions that coincide from investors and whales led the bitcoin to decline. however I think the main reason is the big players whales taking advantage of the panic and manipulating the price down. as the price continues to get driven down, the bots tied to multiple accounts are also activating sell offs. also, it's near tax season, so while we have seen an initial sell off, people will soon receive refunds to buy into this attractive opportunity, so I strongly believe we will start seeing a strong rise soon.

Yes I agree on your points it's just the whales cashing out to crash the market in order to buy back and they are doing it when there are negative news or rumors against bitcoin and crypto in general to make it look like the market is going down due to world affairs and restrictions from countries like China but it's the whale who does that.

Darooghe

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The set of negative news from China and actions that coincide from investors and whales led the bitcoin to decline. however I think the main reason is the big players whales taking advantage of the panic and manipulating the price down. as the price continues to get driven down, the bots tied to multiple accounts are also activating sell offs. also, it's near tax season, so while we have seen an initial sell off, people will soon receive refunds to buy into this attractive opportunity, so I strongly believe we will start seeing a strong rise soon.

arwin100

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Quote from: Oasisman on November 25, 2019, 10:30:05 PM

Quote from: barota on November 23, 2019, 01:46:24 PM

but playing with prices is not good for investors and prices bitcoin because fall every time in prices will make investors always at panic and fear

Who says price fluctuations is not good for the investors?
Bitcoin's volatile nature is an indicator of a healthy trading activities. If you see the price becoming stable at some point, that probably means there's not much trading activities happened in several exchanges.
Price correction doesn't make a smart investors panic or fear, instead they will find it as an advantage to earn more in the future by purchasing more supply while the market is down.

It's traders want and every fluctuation is money that's why we can see more people hyping or whales manipulating the market but I don't know why there are still people thinking on it as a downside and maybe they are not used to trade and provably don't know what they are unto since fluctuation is also happening in fiat but the good thing in crypto is the movement is faster and that make the potential profit became more bigger.

But I can't blame them to get panic since there are certain situation that newbie traders put their money on one crypto only and provably they afraid to lose instantly since they don't know how to interact with market activity.

romero121

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If we think of the present market scenario as a bloodbath what should people should have thought when the price fell low to $3500. The market is manipulative and it reacts to speculation. This makes the market to be moving forward and backward without any limitation and without giving any precise reason for its growth as well its fall.

For users who think it a bloodbath it is time to make an investment or to leave the market selling off what they hold. For users who believe on further growth it is time to hold because people easily get panic as the market continues to fluctuate withing certain range.

maxreish

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Quote from: Wysi on November 22, 2019, 03:57:16 AM

We have seen a overall bloodbath of all the crypto currencies and bitcoin being no expectation, but most of the users had predicted a dump before pump which could possibly happen post halving but isn't it too early that we are witnessing this dump?

No, it's not early. This is a preparation for the big pump coming next year for halving event. It's not surprising at all. Actually, we had experienced the "worst bloodbath" last year, so why worry? As long as you still hold, a major pump to be expected will gonna occur soon.

Quote

What do you think has created this dump?

Many news are spreading, some said the hacked issues in Upbit affected the another dump price today. Some said, China's statement, etc.

karanggatak

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in my opinion actually bitcoin doesn't need a reason to fall or go up. bitcoin since the beginning was very volatile. but sometimes the news about bitcoin coming from strong countries like China and America can also influence the movement of bitcoin prices. or the decline in bitcoin yesterday was the work of the popes manipulating the market. it is all just a prediction. the rise and fall of bitcoin is certainly influenced by demand and supply.

Oasisman

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Quote from: barota on November 23, 2019, 01:46:24 PM

but playing with prices is not good for investors and prices bitcoin because fall every time in prices will make investors always at panic and fear

Who says price fluctuations is not good for the investors?
Bitcoin's volatile nature is an indicator of a healthy trading activities. If you see the price becoming stable at some point, that probably means there's not much trading activities happened in several exchanges.
Price correction doesn't make a smart investors panic or fear, instead they will find it as an advantage to earn more in the future by purchasing more supply while the market is down.

Topic: Reason for current bloodbath (Read 716 times)