Not a surprise though since it has been rising for quite some time now. I was in fact expecting a minor correction before the next big rise takes place.
If you know bitcoin better then you should know that if bitcoin's price rises suddenly then it will stop at one point and undergo a minor correction before it makes the next big rise.
This behavior is in fact needed so that the other investors could get in the trend when the price falls back a little.
The recent correction is due to the US futures stock is trading lower as said by Cointelegraph and Coin360. It is also said that if bitcoin recovers this correction then the next resistance is not until it hits $10k.
Topic: SUDDEN CRASH - page 4. (Read 974 times)
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I see in the market, the price is down too deep, and besides that, I also see the order buy and sell is moving so fast, and it seems, there is a battle in the market. I wish I can get some bitcoin at the low price but I think I miss the very low price before, but I don't mind to wait for another low price. I think the price will be stable at this price and will increase again in the next week.
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
When are into this for a long time as an investor, you should understand the chemistry behind the sudden rise or fall of Bitcoin price. In a situation like this; whales have their cut and decided to exit at the backdoor. Although nothing to panic about, as the market will bounce back in a know distance time from now.
We don't have any news to tell, all we can say is that it's natural for a rapid pump go a rapid drop since early investors before might be selling their coins for a secured profit isn't? but no matter what we can still earn from here through day trades and swing trades.
Those sudden crash might be an opportunity for us to invest on a near future bull market, right?
Situation like this does not push me to panic, we definitely will look in the side of the newbies who don't understand the market or who are just coming into the market for the first time. I will advice that we should not spread Fud when the market is having a little correction. Those sudden crash might be an opportunity for us to invest on a near future bull market, right?
It's no surprise that it might happened since we also see a sudden pump and so we should also expect to see a sudden crash here in the market since that's how the market works if someone whale invest then some whales or group of peoples will sell their coins in order to earn. So far let's hope the market will start the bull soon or maybe it's our chance to invest more in Bitcoin.
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
Let's say it will be a little correction, and we should not panic over the market. We won't stay high for ever anything that goes up most come down and vice versa.
We don't have any news to tell, all we can say is that it's natural for a rapid pump go a rapid drop since early investors before might be selling their coins for a secured profit isn't? but no matter what we can still earn from here through day trades and swing trades.
Those sudden crash might be an opportunity for us to invest on a near future bull market, right?
Those sudden crash might be an opportunity for us to invest on a near future bull market, right?
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
Don't worry that is part bitcoin volatility .
Today ia weekend people withrawing their bitcoon for the expenses.
The recent crash situation is gives opportunity to buy
Because its suprising quick dive the local bitcoin
Lets monitor and hold hand for bitcoin strogerly.
It's natural vulnerability of bitcoin, but I think someone or some giant dumper has been help to dumping this bitcoin value at short time! but I think it's not deep dumping, bitcoin naturally can do recover this price again in too short time! and bitcoin also now also road of pumping!
Most likely there's a big whale that dump a huge amount of BTC, but this is not a natural vulnerability IMO.
My evaluation to this is that the market will climb again, there's no big panic yet, price easily recovers and getting stable now.
The dump happen only cause minor and temporary effect, we should be good.
Doesn't seem to be anything atm. Thousands of bitcoins were sold in a short moment that caused the sudden drop from $7800 to $7100. Whoever sold that 5000 btc on Bitfinex in a single swoosh seemed to have wanted to take profits but crashed the market instead. Anyways, price is slowly going back to $7300 right now yet it still amazes me how a few thousand coins can actually crash a market that hard.
I do not know where you get info that 5000 BTC are sold at Bitfinex, the information says sales have taken place on Bitstamp where price is drop to $6200. However one theory include Bitfinex as a potential culprit for this flash crash, we all know what accusations there are against them and USDT. Maybe they just take advantage of the situation and dump those 5k BTC worth at the time $36.3 million, or it is maybe just about some whale who buy at $3000 and now decided to take profit.
If only 5000 BTC is enough to shake the market like this, we should ask ourselves what would happen if someone dump 50 000 BTC or 100k BTC
https://www.cryptoglobe.com/latest/2019/05/crypto-market-loses-20-billion-over-bitcoins-1000-flash-crash/
It's normal to happen because this is crypto, "can be control" unlike gold.
Personally I have no problem with it because I see crypto for long term so you should do the same,man.
Less stress guarantee !
Personally I have no problem with it because I see crypto for long term so you should do the same,man.
Less stress guarantee !
when BTC starts climb and passes resistance. many investors flock depositing fiat to btc. and immediately they thought they were in a safe zone to make a profit. and sudenly when the price dropped they panic and sell as fast they go make the market crazy dumped. there were to many instant investor those who only want to take profits quickly make the market wavy.
To be honest, I've been expecting this sudden crash but I don't expect it to crashed down to $7,100 suddenly. The market is so exhausted and I expect some huge bearish trend like down to $7,600. It crashed like hell. Well, I just stop loss from $7,900. Good thing I've made a right choice before it went down to that price.
Yeah I think most of us are already aware of this but didn't expect to be a huge crash in just a short time.Everytime that a crypto jumps up there would always be a bounce back so most of the newbies should know this.
The only question now is what would be the lowest price now?
To be honest, I've been expecting this sudden crash but I don't expect it to crashed down to $7,100 suddenly. The market is so exhausted and I expect some huge bearish trend like down to $7,600. It crashed like hell. Well, I just stop loss from $7,900. Good thing I've made a right choice before it went down to that price.
It's natural vulnerability of bitcoin, but I think someone or some giant dumper has been help to dumping this bitcoin value at short time! but I think it's not deep dumping, bitcoin naturally can do recover this price again in too short time! and bitcoin also now also road of pumping!
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
Welcome, panic sellers. You guys are the real problem why we can't go stable in a good price. You spread FUD to one another instead of thinking that this is normal and it could just a correction. you guys should be happy the progress that btc made in the past month instead of being pessimistic and speculation another all time low.
I guess that will be normal.
It's been a while since investors experienced this price and it is obvious that some of them will be selling some of their BTCs, because of that the price will go down but you don't need to worry since it will eventually continue to rise. Sudden changes like that are normal for Bitcoin since we all know how volatile it can be.
It's been a while since investors experienced this price and it is obvious that some of them will be selling some of their BTCs, because of that the price will go down but you don't need to worry since it will eventually continue to rise. Sudden changes like that are normal for Bitcoin since we all know how volatile it can be.
bitcoin and altcoin are fluctuating currencies, there is nothing to worry about.
if you trade or hold cryptocurrency assets that means you understand this
if you trade or hold cryptocurrency assets that means you understand this
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
Nothing's special in here. Senior members doesnt care much about the extreme volatility of the price because it happens a million times through bitcoin's lifetime. This is how crypto works, dont worry it will go up again this month. You will get used to it soon.
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
its just a few percent drop there nothing new about this because Bitcoin Value is So Volatileit drop some percentage but it the long run it will still break the highest price
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