The current crash provided us bigger opportunities to purchase those promising coins that has been dipping at very cheap price. If you're a person woth high expectations for bitcoin or other cryptocurrency to soar and recover back at higher price, then grab this opportunity while it's not too late.
It is always an opportunity to enter when ever the price goes down and there is nothing wrong in collecting the coins at this price if you have a long term target and you are expecting a much bigger price in bitcoin, i will not invest in bitcoin at this price as i have already invested when the price was well below these valuation and i am happy with the amount of coins i have, for those who are looking to collect the coins it is always good to enter when ever there is a correction. 
Topic: The crash of BTC price (Read 587 times)
Bitcoin Price Crashes $800 in Minutes...
when we see a $ 800 drop in 15 minutes, we realize that the crypto market is still an extremely dangerous market, having a $ 800 drop in 15 minutes is not something we should look at and say "this is normal" because honestly? it's not normal. Is something very dangerous. Imagine if one day someone have $ 30,000 and that person think, "I need to invest in something safe" and then that person looks at gold and bitcoin, and finds that bitcoin has dropped $ 800 in 15 minutes, will be that person would take his $ 30,000 to invest in bitcoin? I doubt!
Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next https://cointelegraph.com/news/bitcoin-price-crashes-800-in-minutes-as-bears-eye-9k-support-next
Generally that is not any surprising incident for them who does know about Bitcoin market long. Currently it can be noticed that Bitcoin price is increasing and expected that it will recover its price soon. Moreover it can be said that if this incident will happen hundred times more, then there is no matter of surprising
2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...
that is one way of looking at the market but another way which i think is the correct way is to see it rise from $3000 to $13000 and then fall to $10000. that puts things in a much better perspective compared to only focusing on the drop part.
i personally don't consider anything above $10k to be worrying. $9.6k is a little worrying but since it has been holding nicely i still wouldn't call it a crash. but if we go below $9k and stay there then i would start to worry and call it a downtrend.
I see your point. It could be an argument to consider indeed. But unless someone explains to me why the value started to rise suddenly, with no signal, and on April 1 on the top of that. We didn't see anything coming, we even thought we were going to get lower than the $3,000.
I can't find a rational answer. Bitcoin has been 'lucky' nothing more
I'm expecting $10k++ at the end of week, as we have reached or approaching a golden cross which is a indication that which is a very bullish signal to me.
What time frame? A golden cross usually refers to a 50/200 cross. We already had a golden cross on the daily chart back in April and it never crossed bearish again. We're not even close on the weekly.
Sounds like people are still hopeful. Too hopeful.....
2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...
that is one way of looking at the market but another way which i think is the correct way is to see it rise from $3000 to $13000 and then fall to $10000. that puts things in a much better perspective compared to only focusing on the drop part.
i personally don't consider anything above $10k to be worrying. $9.6k is a little worrying but since it has been holding nicely i still wouldn't call it a crash. but if we go below $9k and stay there then i would start to worry and call it a downtrend.
The funny thing about "manipulation" is we can always fit it to our biases. Bulls see whales dumping into thin order books and cry manipulation. Bears see whales buying into those dumps, propping the market up, and they cry manipulation. In the end, it's just accumulation or distribution.
Volume-wise, someone has been heavily accumulating these dumps into the $9,000s. They might succeed in propping the market up. Or they might fail and their capitulation will fill our bids in the $8,000s.
Just wait and see, and don't worry about manipulation.
"Manipulators" and "whales" are just the boogeymen of Bitcoin market, people throw these words around easily, but no one presents real proofs of manipualtion, like leaked chat logs, links between wealthy traders and some media or other influencers. People just can't admit that Bitcoin is very volatile, they always want to blame it on someone to feel better about their loses.
It's because these whales doesn't have a face, but instead used some crypto brokers to make the trade with them. However, I do believed that this so called crash is for short term only, I doubt that we can go as low as $8500-$9k, I'm expecting $10k++ at the end of week, as we have reached or approaching a golden cross which is a indication that which is a very bullish signal to me.
The funny thing about "manipulation" is we can always fit it to our biases. Bulls see whales dumping into thin order books and cry manipulation. Bears see whales buying into those dumps, propping the market up, and they cry manipulation. In the end, it's just accumulation or distribution.
Volume-wise, someone has been heavily accumulating these dumps into the $9,000s. They might succeed in propping the market up. Or they might fail and their capitulation will fill our bids in the $8,000s.
Just wait and see, and don't worry about manipulation.
"Manipulators" and "whales" are just the boogeymen of Bitcoin market, people throw these words around easily, but no one presents real proofs of manipualtion, like leaked chat logs, links between wealthy traders and some media or other influencers. People just can't admit that Bitcoin is very volatile, they always want to blame it on someone to feel better about their loses.
It's because these whales doesn't have a face, but instead used some crypto brokers to make the trade with them. However, I do believed that this so called crash is for short term only, I doubt that we can go as low as $8500-$9k, I'm expecting $10k++ at the end of week, as we have reached or approaching a golden cross which is a indication that which is a very bullish signal to me.
The funny thing about "manipulation" is we can always fit it to our biases. Bulls see whales dumping into thin order books and cry manipulation. Bears see whales buying into those dumps, propping the market up, and they cry manipulation. In the end, it's just accumulation or distribution.
Volume-wise, someone has been heavily accumulating these dumps into the $9,000s. They might succeed in propping the market up. Or they might fail and their capitulation will fill our bids in the $8,000s.
Just wait and see, and don't worry about manipulation.
"Manipulators" and "whales" are just the boogeymen of Bitcoin market, people throw these words around easily, but no one presents real proofs of manipualtion, like leaked chat logs, links between wealthy traders and some media or other influencers. People just can't admit that Bitcoin is very volatile, they always want to blame it on someone to feel better about their loses.
Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next https://cointelegraph.com/news/bitcoin-price-crashes-800-in-minutes-as-bears-eye-9k-support-next
Lol, what crash? It looks like you haven't been in the market too long and seen more flash crashes. $800? this is nothing to bitcoin ecosystem. So I will advise you to get back at bitcoin historical logs and see the price fluctuating like 4 digits in minutes. But the thing is that this is to be expected, we can't sustained that momentum for so long, ($3200-$13800) so eventually we will find a fair price in the middle so that is around $9500-$10k. I don't think this was a big crash tbh it's more of a dip or correction because few weeks ago when it was at $12,000 the same thing happened right after.
It's not a big crash for those who invest or trade with caution, but those who go all in or use high leverage consider every drop a big crash because it ate a significant chunk of their paper value.With the rise of too easy to access platforms such as BitMEX even noobs have started to jump on the leverage bandwagon with how trading spot has become too boring for them.
People severely underestimate the nature of these platforms where some of them even think of them as a cool place to make some profits for fun. People end up paying a hefty price for their ignorance....
I always roll my eyes at the mention of "support levels" because I've seen so many stocks drop right through them after some technical analyst speaks of such things.
keep a couple things in mind:
support/resistance levels work, but not all the time. nothing works 100% of the time. TA is about applying probability (eg the likelihood that a support level will provide a strong bounce) and then reacting to what the market does.
and many analysts just don't know what they're doing. some just draw meaningless lines and expect them to affect the market. that's shitty application of TA, not so much proof of anything else.
Guys, I truly think some of you missed some points.
1) We already know the market is volatile, we're not born yesterday but since weeks/months it has been more volatile than usual (by 'usual' I mean compared to what we got the previous months). The volatility we have right now is similar to Q4 2017.
2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...
It reminds me every time Bitcoin starts losing, people always say not to worry. When the price went from $20,000 to $10k they were no longer there to say don't worry.
1) We already know the market is volatile, we're not born yesterday but since weeks/months it has been more volatile than usual (by 'usual' I mean compared to what we got the previous months). The volatility we have right now is similar to Q4 2017.
2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...
It reminds me every time Bitcoin starts losing, people always say not to worry. When the price went from $20,000 to $10k they were no longer there to say don't worry.
8500 is still a bull market. We confirmed a turn from bear to bull by breaking 6000 dollars and when we did people were so happy and saying that they finally can think of spending their coins again because below 5000 dollars the price was really bad for that.
This dump reminds me of those small dumps before another big rally like in Spring 2013 before the December rally. Even if we fall to 8000 it's all fine for me. I've been to 4k and threatened by a correction to 1k. There's no fear in me anymore.
Am even seeing some kind of manipulation there as the price suppose to be down more than that by now but the whales are pushing it back up to prevent the lost which is not healthy for the community
The funny thing about "manipulation" is we can always fit it to our biases. Bulls see whales dumping into thin order books and cry manipulation. Bears see whales buying into those dumps, propping the market up, and they cry manipulation. In the end, it's just accumulation or distribution.
Volume-wise, someone has been heavily accumulating these dumps into the $9,000s. They might succeed in propping the market up. Or they might fail and their capitulation will fill our bids in the $8,000s.
Just wait and see, and don't worry about manipulation.
Guys, I truly think some of you missed some points.
1) We already know the market is volatile, we're not born yesterday but since weeks/months it has been more volatile than usual (by 'usual' I mean compared to what we got the previous months). The volatility we have right now is similar to Q4 2017.
2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...
It reminds me every time Bitcoin starts losing, people always say not to worry. When the price went from $20,000 to $10k they were no longer there to say don't worry.
When there is a 30% drop in the value it isn't a correction any more, it's a crash (15-20% ok but no more). And before to say it's a correction you need to wait at least a week to judge if it is or not.
1) We already know the market is volatile, we're not born yesterday but since weeks/months it has been more volatile than usual (by 'usual' I mean compared to what we got the previous months). The volatility we have right now is similar to Q4 2017.
2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...
It reminds me every time Bitcoin starts losing, people always say not to worry. When the price went from $20,000 to $10k they were no longer there to say don't worry.
Quote
I don't think this was a big crash tbh it's more of a dip or correction because few weeks ago when it was at $12,000 the same thing happened right after.
When there is a 30% drop in the value it isn't a correction any more, it's a crash (15-20% ok but no more). And before to say it's a correction you need to wait at least a week to judge if it is or not.
No need to worry about that, btc got a high volatility, if its being crashed without any bad news then it will recover soon, and I think bitcoin already got a good rising recently so a little bit dropping won't be too significant, and indicator or chart prediction won't be accurate 100%, so don't fall to the FUD need and be aware of the market movement
Even if there was bad news about Bitcoin like some countries decided to ban Bitcoin I wouldn't be worred either because the price mostly recovers after few months.Big crash in a very short time period, and this made the market trend to change. The price seems to gain support around $9500, if not the price could've continued falling low. As there is minor fluctuation around the support level we can expect some good growth over the days.
I don't think this was a big crash tbh it's more of a dip or correction because few weeks ago when it was at $12,000 the same thing happened right after. Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next https://cointelegraph.com/news/bitcoin-price-crashes-800-in-minutes-as-bears-eye-9k-support-next
I hope that this month the price of bitcoin can be priced at the price of last March around $ 4000,Now, to enter October 2019, it can reach my $ 20,000 expectation.
For me not surprised to see the price of Bitcoin down now, changes in prices in the world of cryptocurrency are arguably sensitive.
Let's try to understand how Bitcoin inculcate the best momentum build up, before trying to initiate further moves prior reaching on that profitable value. Price crashes is can be disappointing, but we should be patient despite of our emotional responses in order to sustain longer.
Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next https://cointelegraph.com/news/bitcoin-price-crashes-800-in-minutes-as-bears-eye-9k-support-next
The bear is in control but it is not going to last long. The next bull takeover is very close and we might start to see that from the beginning of next month. Therefore, it is very important you start to hold and if you have funds began to buy back now as bitcoin is now in the sideways trend and might resume bullish trend soonest.
Big crash in a very short time period, and this made the market trend to change. The price seems to gain support around $9500, if not the price could've continued falling low. As there is minor fluctuation around the support level we can expect some good growth over the days.
There isn't anything specific or negative about cryptocurrency have taken place over the past week for such an immediate crash in the price. This is purely a play by the whales who just use it for their profiting.
There isn't anything specific or negative about cryptocurrency have taken place over the past week for such an immediate crash in the price. This is purely a play by the whales who just use it for their profiting.
Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next https://cointelegraph.com/news/bitcoin-price-crashes-800-in-minutes-as-bears-eye-9k-support-next
I hope that this month the price of bitcoin can be priced at the price of last March around $ 4000,Now, to enter October 2019, it can reach my $ 20,000 expectation.
For me not surprised to see the price of Bitcoin down now, changes in prices in the world of cryptocurrency are arguably sensitive.
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