Topic: Sudden drop in price: Have we missed any latest news? - page 2. (Read 2838 times)

That's just happened. We are now at $732 again. Things seem to be a little bit crazy when everyone's awake, and goes silently creeping downhill when almost everybody is asleep. I think it's good that there has been a small correction that just happened to test how would everybody react.

I was saying just yesterday that it goes up too fast. I'd rather see a slow and steady increase than this roller coaster shooting up and down.
My guess it it's caused by a whale selling a lot, then some panic sells, after which it normalizes again. Halving is still coming, fiat is still being printed like crazy.

I think it happens because many users start to sell their bitcoin and it continue to drop because of the cause of panic selling. I hope that bitcoin will recover that drop and convert to a huge pump.

I would say time to buy more coins as I expect this weekend there will be another pump for Bitcoin. Three consecutive weeks we have seen a sudden climb of Bitcoin on a weekend which is not the usual thing that happens on a weekend. Pump of coins happens on a weekday but I still wonder who is or what is the reason of behind this pump. $727 now on preev

It was happen earlier in just a matter of 15 minutes and bouncing back again to at least $20 in the same duration also.

Well it just stating us one thing, "take advantage of that shit dip".

The dropping continues and on its way to 716  down ,,hope it will stop now.

Yes as long as the floor price is still within $700 were fine. I know sometimes the price of Bitcoins really us scratch my head like what happened there, now its $715 preev that's more than $50 drop from $770 9 hours hours ago, but if you look at it the climb of Bitcoin from $533 on June 1 to $770 earlier today which is $237 difference is really interesting.

Yeah. I have a feeling that the new all time high will be somewhere past $2000, and the new bottom to never go below $600.

Common thing with crazy price swings. We've been in a similar situation a few weeks back with around $590-$620 ranges. Probably some people taking off profits and buying in again, or some nasty whales shaking off some weak hands on their radar.

Already gained 15$ profit even without doing anything ,then sudden drop ,and boom its gone. Some holders did not make it till the price goes to 900$

The dip is very normal. The bitcoi price deserve a good correction. It could even drop to $650 and consolidate there.

yeah but the new bottom will be higher than $430, so i don't mind any crash, as long as we can establish each time a new higher bottom...

this small drop happens with all stocks / securities

anytime something doubles or more in a short period you
have to expect some sell off / profit taking.

I have long suspected (since shortly after the financial crisis) that both the EU and the Euro will not survive over the loan term. I believe that there is too much power at the "state" level and that multiple countries sharing a single currency (which also forces them to share a monitory policy, and to an extent fiscal policy) while maintaining sovereignty  will not work. Just look at all the countries that have attempted to peg their currency to the US Dollar - it almost always ends in catastrophe and never ends well. The Euro forces stronger economies to bail out the weaker economies while making the economic pain of the weaker economies greater.

I think that a "brexit" will likely cause a lot of economic pain, however over the longer run, the people of the UK will likely benefit from not being part of the EU (especially considering that leaving the EU would put the UK all that much farther from adopting the Euro). I would say the same about the dissolution of the EU (at least in it's current form).

It has been fairly widely speculated that the price of bitcoin has been increasing because of the weakening of the Yaun by the Chinese Government, however it is also possible that the uncertainty behind the UK leaving the EU is partially to "blame" for the recent rise in bitcoin. I would note that the early 2013 bubble to ~$250 was caused by issues regarding Greece, and the potential for Greece leaving the EU/Euro, and was popped when major crisis was adverted, and it was determined that Greece was staying in the EU/Euro for at least the near term. I think we also know what happened a few short months later.....

To be honest, no matter how good it might potentially be for the bitcoin price, I hope the UK does not leave the EU.

It will wreck millions of lives of the voters without them even realizing it, as well as a lot of comapanies working with or in the UK.

Bitcoin can grow without the doubt surrounding the UK.

Most likely the drop was just a correction that is always going to happen when something shoots straight up in the air. in 24 hours view we are still up, it only corrected to the price it was 12 hours ago.

Its a normal thing, due to the halving news the price will be unstable so you will experience this kind of things
So if you are doing trading you need to be more careful for the speculation

it's back again to $740 currently and actually i was never know why bitcoin prices down and rise up with very fast may be because we're pretty near to halving that's why the prices looks very unstable or may be this is manipulate market but i don't know for sure

http://www.cnbc.com/2016/06/17/live-uk-referendum-campaigns-suspended-after-mp-killing.html

It looks like there might have been some kind of attack against a UK politician who was pro-staying in the EU. According to the above blog, this might sway some voters to vote to stay in the EU (although I believe this to be speculation and not based on facts).

I would speculate that the UK leaving the EU could potentially wreak havoc on the financial markets, which would potentially lead people to flock to bitcoin

Maybe user's panic selling can make an effect on this price because they only want to sell and sell or maybe some people selling on top price but buy again on lower price.

it looks like it is your first time seeing a price rise, and trading.
when there is a sudden rise, usually it is possible that there is a sudden drop down smaller than the rise right after the rise. it is because people are selling on top to buy back again for day trading kind of thing.