Topic: The FUD Cycle May Have Been The Reason For Previous BTC Mini Crash (Read 1391 times)

forget about FUD, we are still in a downtrend.

^ was a repost from the beginning of August when it first dropped from 600 to 420.
That link stays current with what's going on with price.

A $15 dip on bitfinex is hardly much of a flash crash, and the price is already right back to where it was yesterday.

You are right bitcoin is given value by its users due to it's positiveness towards giving a economical world a new way to freedom.Setting us free from the financial monarchy and leading us towards the new era of financial freedom where you have full right over on how you use it up

This is a repost of a post that I had made when the flash crash happened.

http://btctrading.wordpress.com/

^ This link usually has good, if not the best, advance predictions on Bitcoin price

It all adds in there, but most people I know sold a lot last month so they could buy at this month's prices. Around July 24 we got a good indication of low prices that would start the first few days of August and stay low through the month. Most of us sold. It's almost time to start the buying again. And I'm ready. Once the buying starts, it will stimulate the market with all the buying transactions of the non-hoarded coins and that will help drive the price back up, mabey even higher than it was.


NOTE: Looks like some big players got together and sold a tremendous amount of bitcoin last night to create a flash crash so they could buy cheap today/tomorrow. There is nothing wrong with playing the market, that's what keeps it alive, but what these guys did last night was a very dirty move. The ritch keep getting ritcher it seems, and they don't care who or what they hurt. It would be nice to figure out who they are and get Vodlike all over those guys!!!!!

http://www.cryptocoinsnews.com/news/happened-bitcoin-price-bitfinex-today/2014/08/14?utm_source=rss&utm_medium=rss&utm_campaign=happened-bitcoin-price-bitfinex-today

^Methods used in bitcoin trading. Please note there are different ways to trade Bitcoin. Not everyone trades how we are used to on the normal exchanges. Also remember that when a national stock exchange starts to crash there is a built in "circuit breaker" when it drops to a certain point but bitcoin trading does not have this safety feature yet.

Well it is well known that bad news or fud usually has a negative effect as it sends the panic sellers and buyers into a frenzy.

Bitcoin has been given its value entirely by the people who use it. The physiological aspects of this coins have long been overlooked as politics has played a major role in creating price fluctuations in the market and manipulating prices in the short term. However, the flexibility and innovation are  present in the currency, the FUD cycle is more likely to occur in these digital currencies due to the volatility of them and due to immense number of traders that have taken to day trading with Bitcoin.

Read the full story @ http://www.coinfinance.com/news/the-fud-cycle-may-have-been-the-reason-for-previous-btc-mini-crash
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