The price drop - page 6. | Bitcointalksearch.org

ASHLIUSZ

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Quote from: onemd on June 30, 2016, 01:43:33 PM

Quote from: ?? on ??

Well bitcoin is coming back up again. its price right now is 659.9 USD as I type now. I think it will go up more than that just wait for it. Grin

The price is still around $660 at the moment. It is consolidating after the big price. It might stay here for a few weeks.

Bitcoin price appears to be moving sideways between $620 and $680 while traders wait for larger market catalysts. If sellers push harder, a break below support could send bitcoin lower by $60 or the same size as the range.

onemd

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Quote from: ?? on ??

Well bitcoin is coming back up again. its price right now is 659.9 USD as I type now. I think it will go up more than that just wait for it. Grin

The price is still around $660 at the moment. It is consolidating after the big price. It might stay here for a few weeks.

lottery248

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beware of your keys.

the bitcoin block is halving, so that the volatile bitcoin activity happened, apart from what you just said, in fact.
Tongue

by the way, you can risk a little of like $10 if you believe the price will go up after this drop.

bones261

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Quote from: romero121 on June 23, 2016, 11:23:18 AM

The price drop might get continued till touching $500. In my view there's nothing to get panic on the decrease. During the close days of halving surely we'll experience steep rise which takes the price to touch 4digit.

Well this uptrend will have to be a dead cat bounce then if it is going to touch 500. Let's keep our fingers crossed that it isn't a dead cat bounce.

romero121

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The price drop might get continued till touching $500. In my view there's nothing to get panic on the decrease. During the close days of halving surely we'll experience steep rise which takes the price to touch 4digit.

duts_bg

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Last month, the profit from BTC is good enough. If I was playing on FOREX, I would procure myself with dollars for the show, expected this night - BREXIT. When it ended, however I would looked around to open new positions in BTC.

http://www.independent.co.uk/news/business/news/eu-referendum-brexit-currency-pound-traders-exchange-rates-barclays-jpmorgan-chase-a7096951.html

Schuyler

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Quote from: bones261 on June 22, 2016, 10:07:08 PM

Quote from: Element18592 on June 22, 2016, 07:59:40 PM

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You can use your bitcoin holdings to learn how to trade. Or branch off into the altcoin scene. Be warned, that the crypto scene is like the wild west, and is not for everyone. If you do not think you want to play around in this sandbox, I recommend that you sell now and cut your losses.

Those are just paper losses and there's still a chance to recoup those losses. Just don't rush in trying to recover what you've lost because that might wipe everything that you have. As mentioned above, bitcoin and altcoin trading is not for everyone, and unless you have a good entry or exit point strategy, stay away from trading.

bones261

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Quote from: Element18592 on June 22, 2016, 07:59:40 PM

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

You can use your bitcoin holdings to learn how to trade. Or branch off into the altcoin scene. Be warned, that the crypto scene is like the wild west, and is not for everyone. If you do not think you want to play around in this sandbox, I recommend that you sell now and cut your losses.

Wilhelmer

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Quote from: Element18592 on June 22, 2016, 07:59:40 PM

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

I would start putting that amount of BTC into other altcoins so that it grows.

Wilhelmer

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It is unnerving to see the price decline by so much over just a few days when it took a few weeks to shoot up. Not sure whether this bodes well when halving comes, or it's a pullback slingshot. Either way, i'm keeping my BTC and getting more whenever possible.

However, it's quite apparent that BTC sellers went into ETH instead. Just look at ETH's rise even in the crapstorm recently. Way too many strange events happening over this period that is too coincidental. DAO Exploit, Bitfinex going down, BTC dumping, Gatecoin's fundrising to reimburse users (i would say what good timing to buy when ETH was at 0.012 levels!),etc.

poplolnman

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Quote from: Element18592 on June 22, 2016, 07:59:40 PM

Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

if you still feel insecure just cut your loss by now . but as many people prediction that bitcoin halving would make bitcoin price skyrocket to the highest ever above $1,200 i suggest you to keep holding and wait for a good time to sell. just don't panic, price dropped no problem it's a sign of skyrocket price for me.

Element18592

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Im completely new to this an excuse me as im sure i sound like an idiot here, but i started this about a week ago and had $270 bucks worth of btc and now im down to $210 ish. Should i sell or hold out? Any advice from someone with experience in this?

liveflipcoin

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People are selling right now hoping that the price will go down in anticipation for the up coming halving event.

Swagtoshi

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It's a cycle. First, some speculators are happy with their profits and they dump. Then the price crashes. Other speculators now sell their bitcoins as a stop loss which further pushes the price down. Eventually, more and more people sell which causes the price to go down which, in turn, causes people to sell. It's a vicious cycle. If you want a few more days, the price of bitcoins could very well go below 600.

alrachid

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Just another man trying to find his way.

To me, many of these things seem tied together. The timing of most of these events seems more than coincidental. BTC was peaked, ether was at recent peaked, it got drained, ether was now btc and much price. BTC was used to scoop the cheap ethers, big sell offs happened, they can be observed in graphs and as these huge amounts were slowly pulled out converted from BTC to fiat the price has dropped. I honestly think it was pumped in anticipation of the attack. Seems like a small community for something so big and coordinated, but it wasn't just one guy. Too many people just believe these articles on the internet although many of the articles are spun to manipulate how you think so they can profit from the mass. Especially the Americans with 9-5's. It's not as much supply and demand as people lead on. Hell, if you think the halving is going to cause the same pattern has 4 years ago or the "it could multiple X times because it multipled X times before", you are already thinking too simply. There is big players with many monies at stake here, not too mention it's a rather lawless land.

harizen

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For support ➡️ help.bc.game

Quote from: neopharma on June 22, 2016, 02:16:26 AM

Hello, guys!
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?

Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.

1. See no linked for the decrease of bitcoin price.

2. Others can transfer to other exchanges without selling their coins

3. This is the near reason why the price decrease in my own speculation. I will just add too those big whales.

But overall, this is usual. If there's a price rally for at least a large margin of price, possibility of a price decrease has a chance to happen with also the same margin days or weeks after the scene.

bitcoinisfurture

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Quote from: tigerwood0432 on June 22, 2016, 11:48:07 AM

Early profit takers

Will not say early profit takers, as there is no right price where profits needs to be booked. It could be set target and if achieved booking of profit can be done or various global scenarios could also play role now.

European Central Bank

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Quote from: mindrust on June 22, 2016, 06:37:19 AM

700$-750$ point was something that people waited for a loooong time. I am pretty sure there were people who waited this pump since 2013 just to dump their overpriced coins. They did it and they will never come back and join the game again. That's why it didn't hold there.

I reckon it was 100% Bitfinex screwing up. That's biggest exchange in terms of real money coming and going, forget China, and there's margin trading everywhere which makes the falls worse as things get triggered. It would still be in the 700s if it hadn't failed.

tigerwood0432

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Early profit takers

romero121

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Yeah the price drop has happened when users were expecting more and more increase of price. I believe this price drop is due to the accumulation of bitcoin by most users. Because of accumulation, circulation have been reduced.

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