Topic: Today's price drop - page 8. (Read 2060 times)
I believe it will increase
I think everyone was shocked too with what happens to the market ever since the start of bakkt there's a dump happening already. Some people expect a growth of the price yet it is unexpected to see what just happened. Bitcoin price dump too since there's a drop of a recent hashrate. You can find more here or in the internet if you search them. And since most of the coins are following the trend of Bitcoin it's expected to see a drop of the price in most altcoins.
Before the launch of Bakkt, I already read some predictions that actually, at least on the short-term, this is not going to help the price of Bitcoin and that it will pulled it down which is exactly what is happening right now. They said the same happened with the physical gold years ago. I am not sure though if there can be a correlation here. It is just sad that big chunk of the gains hard fought for the last 3 months are now down the river...let's just hope that this can be another temporary thing for Bitcoin.
These price movements are just normal thing in crypto space. Since it has no apparent reason for the recent price drop, Im thinking this is just a correction, where a massive sell off takes place and traders was selling as the price momentum went downward direction.
On the other hand, I didnt see any negative news regarding Bakkt, majority of it was positive. Lets just see if Bakkt really can make any difference in the long run. If the price continue to go in a downward direction, then isnt it a good time to accumulate again right?
most of crypto-followers are believing it is a good time to buy. I hope the market goes up again or big losses might occur. The market is not that predictable.
But, it looks like the BAKKT or hash rate dropping may have effect on the price of BTC which affected all other coins.
But, it looks like the BAKKT or hash rate dropping may have effect on the price of BTC which affected all other coins.
Most probably. The accumulation of BTC in line with the prospective launching of Bakkt was done months ago. Perhaps during the time when the price of BTC was still around $3,000. Hence the hard dumping of their BTC right now. They must have made good profit already. The sudden drop in hash rate was rather unforeseen. That could have also surprised some BTC holders and suddenly decided to make a dump as well.
However, all these are pure speculations. Even the news about the sudden 4-digit fall of BTC in a matter of a few hours was also founded on rough speculations.
most of crypto-followers are believing it is a good time to buy. I hope the market goes up again or big losses might occur. The market is not that predictable.
But, it looks like the BAKKT or hash rate dropping may have effect on the price of BTC which affected all other coins.
But, it looks like the BAKKT or hash rate dropping may have effect on the price of BTC which affected all other coins.
They say it's a correlation between the rash rate and the price of Bitcoin today. There's a sudden drop in hashrates resulting into people panicking to sell their Bitcoins. Some say that this is phenomenon where miners turn off their rigs because there's no blocks mine in the span of 2 hours. It will be back to normal soon though and I think those who panic sell will regret selling Bitcoin at a low price.
That's true some people still think that Bitcoin is a bubble waiting to explode and they are in a hurry to sell their coins when they see something is wrong in the hash rate or if there is one negative feedback it's a domino effect, anyway there will always takers of this dump and the price will eventually recover.
I think everyone was shocked too with what happens to the market ever since the start of bakkt there's a dump happening already. Some people expect a growth of the price yet it is unexpected to see what just happened. Bitcoin price dump too since there's a drop of a recent hashrate. You can find more here or in the internet if you search them. And since most of the coins are following the trend of Bitcoin it's expected to see a drop of the price in most altcoins.
Before the launch of Bakkt, I already read some predictions that actually, at least on the short-term, this is not going to help the price of Bitcoin and that it will pulled it down which is exactly what is happening right now. They said the same happened with the physical gold years ago. I am not sure though if there can be a correlation here. It is just sad that big chunk of the gains hard fought for the last 3 months are now down the river...let's just hope that this can be another temporary thing for Bitcoin.
This is a bid dump without any negative news around the market, a very unusual trend for the market. Many believes that BAKKT is the reason for the major dump on bitcoin and other altcoins, but I don't know why maybe because of the low volume or what. Well, maybe I have to look for other money right now and buy more bitcoin and ethereum, we still have time to catch this dump.
In first October days stabilization is expected, at least so say some crypto gurus 
They say it's a correlation between the rash rate and the price of Bitcoin today. There's a sudden drop in hashrates resulting into people panicking to sell their Bitcoins. Some say that this is phenomenon where miners turn off their rigs because there's no blocks mine in the span of 2 hours. It will be back to normal soon though and I think those who panic sell will regret selling Bitcoin at a low price.
This is the reason to state cryptocurrency investment is high risk involved compared to other forms of investments. The price drop is massive. From the value of $1300 it has fallen to $8600. One who bought at $10000+ has to hold until there is continued growth to yield profit. Further we don't know how long this drop is going to happen or when the market gonna change bullish.
there is always the worst possibility, I have anticipated it for the last 2 days when the market goes down very deep,
the news is only a sweetener, this is only a momentary game, it will not be up soon, because in TF W bitcoin still has strong support as long as it does not penetrate EMA21. I always use EMA rather than MA.
the news is only a sweetener, this is only a momentary game, it will not be up soon, because in TF W bitcoin still has strong support as long as it does not penetrate EMA21. I always use EMA rather than MA.
Hello,
I've been shocked by the drop of ETH price today. So,I checked CMC and found that all coins dropped. I don't know what happened or why.
Yeah, basically it's not just ethereum but the market itself.I've been shocked by the drop of ETH price today. So,I checked CMC and found that all coins dropped. I don't know what happened or why.
So, what happened today? Is this related to some news? where can I follow this kind of stuff?
Thnx
I've seen a news about the drop maybe this one? --> https://www.coindesk.com/bitcoins-price-slides-1000-in-30-minutes-after-margin-calls-at-bitmexThnx
And this news tells because it's about Bakkt's --> https://www.forbes.com/sites/billybambrough/2019/09/24/bitcoin-ethereum-ripples-xrp-and-litecoin-in-shock-meltdown
I think everyone was shocked too with what happens to the market ever since the start of bakkt there's a dump happening already. Some people expect a growth of the price yet it is unexpected to see what just happened. Bitcoin price dump too since there's a drop of a recent hashrate. You can find more here or in the internet if you search them. And since most of the coins are following the trend of Bitcoin it's expected to see a drop of the price in most altcoins.
I hope it rises again soon. I searched a little here and found a lot of talks about this RAKKT. But, still don't know what exactly is this RAKKT.
I think everyone was shocked too with what happens to the market ever since the start of bakkt there's a dump happening already. Some people expect a growth of the price yet it is unexpected to see what just happened. Bitcoin price dump too since there's a drop of a recent hashrate. You can find more here or in the internet if you search them. And since most of the coins are following the trend of Bitcoin it's expected to see a drop of the price in most altcoins.
Hello,
I've been shocked by the drop of ETH price today. So,I checked CMC and found that all coins dropped. I don't know what happened or why.
So, what happened today? Is this related to some news? where can I follow this kind of stuff?
Thnx
I've been shocked by the drop of ETH price today. So,I checked CMC and found that all coins dropped. I don't know what happened or why.
So, what happened today? Is this related to some news? where can I follow this kind of stuff?
Thnx
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