Topic: SUDDEN CRASH - page 5. (Read 974 times)
This I believe is just some corrections, traders are taking profit, we should expect another market consolidation and the price of bitcoin will again go bullish and may set another new high price.
I think this is the collateral damage that has been made by the recent pump that we've witnessed. Although we've been witnessing and aware of that it's still kind of shocking to see the quick drop in your face. 
I wouldn't describe this as a collateral damage but I'm sure everyone here who has been in the market long enough, or at least in 2017 really knows that this kind of retracement is inevitable.
No news except for those claims by those experts that bitcoin should be dumped and forcing people to sell it. It's not a hidden reason anymore when there's a sudden crash, a massive sell offs happened and this has been done by some whales.
Even if there is no FUD, people tend to sell to take profits, it's normal. We may call this a healthy pullback, and look at the price bright, how many of us didn't buy when the price is around $4000-$5000? And now seeing the market had a rally in the past months or so, many are wishing they've could have enter before. Now this is their chance to re-enter and put their "put one's money where one's mouth is".
Nothing important.bitcoin needed an correction and its healthy.if bitcoin doesnt below 6800 its ok for me.we needed to rest a while thats what happenef
I do not have any statistics to back my claim, but when an exchange blocked withdrawals during a small Bull run and they had a major hack like Binance, then it would make sense that loads of people would sell their coins, when the withdrawal block was removed. 
We had several months where nearly nothing happened with the price and now suddenly it jumps up to $8000+ ...so it is just natural that some people might take some small profits now. This will trigger a domino effect with automated trade bots, thinking that this is the start of a correction phase.
This could be true, but I don't think this is the case. Based on what I have read, it is basically a whale who placed their sell order and executed it at a certain price by mistake(Fat fingers) which led to the sudden drop.We had several months where nearly nothing happened with the price and now suddenly it jumps up to $8000+ ...so it is just natural that some people might take some small profits now. This will trigger a domino effect with automated trade bots, thinking that this is the start of a correction phase.
The market is already recovering currently and BTC is edging closer to $7.4K currently.
Bitcoin is really volatile and this is just a mere fluctuation in the price. I think we will see the price develop if we are going to look at the bigger picture in the next few months. You've been in this forum for a long time and I don't think you should worry that much. And if it goes down more, just look for opportunities to invest.
You join here in 2017 which means you have a little of knowledge how volatile the crypto market can be.
You should know by now that whenever bitcoin raises in price, there is a period of correction or pull back afterwards. Do not expect the market price to be only on the rise forever. That is not a healthy market.
Yes if OP should already know it from the past events of crypto,You should know by now that whenever bitcoin raises in price, there is a period of correction or pull back afterwards. Do not expect the market price to be only on the rise forever. That is not a healthy market.
We should just wait and see how much it would fall down this time and if it would start to go up again soon.
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
Aside from the market making a correction that I already predicted days ago, I also predicted that threads like this will be created on this section.You're a full member but you don't know how the price of Bitcoin moves. Maybe many of you are thinking that the rise of Bitcoin will continue and continue and continue
. Be realistic dude. I expected that a correction will happen and this is the day that it happen. Don't forget that market manipulation is already happening so there is a possible manipulation here. 
I think this is the collateral damage that has been made by the recent pump that we've witnessed. Although we've been witnessing and aware of that it's still kind of shocking to see the quick drop in your face.
No news except for those claims by those experts that bitcoin should be dumped and forcing people to sell it. It's not a hidden reason anymore when there's a sudden crash, a massive sell offs happened and this has been done by some whales.
No news except for those claims by those experts that bitcoin should be dumped and forcing people to sell it. It's not a hidden reason anymore when there's a sudden crash, a massive sell offs happened and this has been done by some whales.
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
Don't worry thats normal. People who buy bitcoin at $3.000 - $4.000 now try to get profit. Those investors will get 100% profit. But the bull market is not end yet. There more people who buy bitcoin at $5.000 and above. Those investors need to hold their bitcoin for a little longer to get profit. Actually the main factor of bitcoin price rise is the growing number of bitcoin adoption. So the price will tend to rise.
Seems like there is a manipulation since I haven't some information that can make its price come to down. This is important for us, market cryptocurrency is not like the other market. Its price can up almost 50% in several hours but its price also can down 50% in several hours, there is no safe way unless you are not a greedy person which always canny when deal with market cryptocurrency. However, regardless of that seems like the price will up again and I just wanna say this is the best time to buy and sell again when its price touch $8200.
I do not have any statistics to back my claim, but when an exchange blocked withdrawals during a small Bull run and they had a major hack like Binance, then it would make sense that loads of people would sell their coins, when the withdrawal block was removed.
We had several months where nearly nothing happened with the price and now suddenly it jumps up to $8000+ ...so it is just natural that some people might take some small profits now. This will trigger a domino effect with automated trade bots, thinking that this is the start of a correction phase.
We had several months where nearly nothing happened with the price and now suddenly it jumps up to $8000+ ...so it is just natural that some people might take some small profits now. This will trigger a domino effect with automated trade bots, thinking that this is the start of a correction phase.
the news might have something to do with Binance opening up again. that is why in the past couple of days the groundwork for the FUD was being put in place all over the internet with FUDsters saying Binance is the reason for price rise!!!
This and a number of Bitmex longs liquidated.
The good news is that ithas fallen to under 6200 at some point and it has recovered.
The bad news is that the current 7200 may be fragile. It may be an interesting day (for some).
It's not a crash, it's correction. And it is usual, Bitcoin is volatile, don't forget that. I can't understand that every time when the price starts to rise people expect that it will last forever. By now you should have learned that Bitcoin can't be predicted.
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
guess this is the correction all ta "experts" has been talking about it seems like everytime btc goes parabolic in the start of a new bull market it corrects back atleast 60% from the new high before it pumps back up again.
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
Bitcoin is really volatile now, It pumped high and now correcting before further move ahead, You can't expect Bitcoin to keep going up without retracing. Good opportunity to load more. 
Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?
Corrections. We have tried several attempts to break the $8200 barrier, but was unsuccessful. So people just decided to sell and then followed by panic buyers.
That's how the market operations, sometimes we really need to see some retracement so that we can move further. The price is $7300 now, so don't expect something big to happen in the next comin days.
Well, If you've been here for the past month - you might have noticed Bitcoin was hoovering around 3.5K for quite awhile....
Then a moon launch happened - we are here one month later and... Poof - Bitcoin is $7,100.
I don't see the problem
Then a moon launch happened - we are here one month later and... Poof - Bitcoin is $7,100.
I don't see the problem
That is what happens in cryptocurrency, and you already saw it happen.
The price in cryptocurrency cannot be predicted, and we have the experience to see the price in the higher price, but in the next minute, the price is going down with fast.
If you are always preparing for everything that might happen, you don't have to be panic, and you can always have a solution regards to every situation you have.
I think this is a deeper correction for the price, and it will always happen like this, but we don't know how much bitcoin price will be down, and right now, we see the price is down too deep.
But now, I see that the price is trying to increase for a small price.
Let's hope the price will be back to the last higher price before.
The price in cryptocurrency cannot be predicted, and we have the experience to see the price in the higher price, but in the next minute, the price is going down with fast.
If you are always preparing for everything that might happen, you don't have to be panic, and you can always have a solution regards to every situation you have.
I think this is a deeper correction for the price, and it will always happen like this, but we don't know how much bitcoin price will be down, and right now, we see the price is down too deep.
But now, I see that the price is trying to increase for a small price.
Let's hope the price will be back to the last higher price before.
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.
Was looking for a good explanation and I saw your post, one very interesting thing you note is how few thousands of dollars can crash the market, this is very true, one or a group of whales can make an impact, my take is this is a group of guy who wants to make a profit and the price at $8000 level is a good level to sell some.
This can happen from time to time take note of this.
After the bull rally from last days, the sudden crash was normal and expected.
We are currently during a market trend change, from bearish to bullish. However, bullish does not mean that we'll see only green candles all over, price will mainly grow, but we'll face corrections, too.
We are currently during a market trend change, from bearish to bullish. However, bullish does not mean that we'll see only green candles all over, price will mainly grow, but we'll face corrections, too.
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