SUDDEN CRASH - page 6. | Bitcointalksearch.org

Bitcoin_Arena

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Quote from: btcprice on May 16, 2019, 10:36:50 PM

Wait a minute. You say he joined in 2017 so he has little idea of how volatile the market can be??? LOLOLOL! Do you realize all the volatility that has gone on since he joined? LOLOLOL!

GTFO of here with that talk. This is for serious posts only.

Stop with the ignorance already Grin

When did the Volatility ever go?

$4K to $8K within 6 weeks and then a drop from $8500 to $7100 within 24 hours and you still think volatility is gone?
Do you even know the meaning of volatility.

How stupid can some posters be? Roll Eyes

mk4

legendary

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I mean, I really thought a price drop was almost inevitable. I didn't think it would drop THAT fast though. If anything, it looks like price manipulation(which is really nothing new to be honest), or somebody dumped a huge chunk of BTC. Regardless of the reason, whatever. Just a small blimp in the long-term price.

n0ne

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It is purely a manipulation by a big whale who holds large volume of bitcoin. Following this we can expect more people to get panic and make decisions as supportive to the whales who take make use of it. Better is to calm down, there will be some level of price crash which in a short time period will begin to recover. Already the price after falling to $7100 has crossed $7300.

mindrust

legendary

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It was going parabolic upwards. If it kept going we would be at $20k today and $50k by Monday or Sunday... There isn't a single asset that can support a parabolic ride like that in such short time frame.

As many experienced traders warned, a pullback is happening that's it.

The bottom is expected to not be lower than $5200k. Keep an eye on the moving average lines. (200 and 100) It may touch at least one of them soon.

If we are lucky it'll be the 100 day MA which points $5200.

CryptoBry

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Quote from: dothebeats on May 16, 2019, 10:23:01 PM

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.

Well, I think this is just another normal day in bitcoin. A single big transaction can affect the whole market but soon it can be forgotten and bitcoin can rise again. I am not personally alarmed with this development because I had seen bitcoin crashed before again and again yet it has this resiliency we know of though sometimes if there will be a winter it can take time for it to recover. We are still in the bull run right now and more players are getting in so am sure many of them are happy to see bitcoin bit a dip so they can buy at a cheaper rate...

ttcsalam

copper member

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It is difficult to understand the movement of the market. In less than a few minutes I saw that. What is the matter. My opinion and the same opinion Bitfinix was involved in this drop.

pooya87

legendary

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this is clearly a big whale manipulation followed by a bigger panic move by the bots with their stop loss orders (big red sell button they push at times like this!), it doesn't really need any news to get triggered, just the price to go down below their stop loss levels to trigger an avalanche effect.

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!!!

btcprice

sr. member

Activity: 434

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Quote from: Captain_Planet on May 16, 2019, 10:27:03 PM

Quote from: dothebeats on May 16, 2019, 10:23:01 PM

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 see, so 5000 btc sale order at Bitfinix was involved in this drop. Do you think Tether / Bitfinix issue is the one of the reason why someone sold those 5k BTCs or was it just a whale dumping?
https://www.coindesk.com/tether-ordered-to-freeze-transfers-to-bitfinex-by-new-york-supreme-court

That's all it takes and then the bots take over and cause the market to snap back a little. We will be back up over $8000 before you know it. Consider this a good buying opportunity.

Ailmand

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Bitcoin is volatile and the sudden crash or even increase is still normal. I don't bother by this because I see it as a notmal thing. Bitcoin could change its value anytime because of the supply and demand rate so we should just deal with the possible changes.

btcprice

sr. member

Activity: 434

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Quote from: Bitcoin_Arena on May 16, 2019, 10:21:31 PM

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.

Wait a minute. You say he joined in 2017 so he has little idea of how volatile the market can be??? LOLOLOL! Do you realize all the volatility that has gone on since he joined? LOLOLOL!

GTFO of here with that talk. This is for serious posts only.

marcbitcoins

full member

Activity: 854

Merit: 108

Quote from: Captain_Planet on May 16, 2019, 10:15:50 PM

Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?

Maybe this is what they are predicted last week that during the rise up it will make some minor correction before it will make a full blast on bullish run so therefore if it is true then this is the corrections that they are talking about which is also an opportunity for us to buy cheaper Bitcoins with hope that true bullish will be the next in the timeline.

Captain_Planet

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Quote from: dothebeats on May 16, 2019, 10:23:01 PM

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 see, so 5000 btc sale order at Bitfinix was involved in this drop. Do you think Tether / Bitfinix issue is the one of the reason why someone sold those 5k BTCs or was it just a whale dumping?
https://www.coindesk.com/tether-ordered-to-freeze-transfers-to-bitfinex-by-new-york-supreme-court

dothebeats

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Cashback 15%

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.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

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.

TimeBits

member

Activity: 224

Merit: 62

Quote from: Captain_Planet on May 16, 2019, 10:15:50 PM

Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?

probably bankers printing money and selling at a loss, what do you expect when you trade a limited supply for an unlimited.

btw, do you remember another time in history when they faked the news in order to buy up all the supply for pennies on the dollar. Tongue

http://news.goldseek.com/GoldSeek/1192819378.php

Remember this? https://www.youtube.com/watch?v=UTj61gE4mug The Rothschild funding both sides of the war? faking news?

Yah just hold until these cucks pump Tongue

IF FIAT PRICE GOES TO 0, AND YOU STILL HAVE 1 BITCOIN, YOU STILL HAVE 1 BITCOIN
DO NOT FALL FOR THE TRAP AGAIN!

They want you to panic sell so they can obtain more mass.

Captain_Planet

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Guyz what had happened to market, seems a sudden crash to everything, Bitcoin is dropped to 7100 in minutes. Any news?

Topic: SUDDEN CRASH - page 6. (Read 974 times)