We gonna talk about that flash crash? - page 2.

h0lybyte

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Quote from: ethereumhunter on November 30, 2017, 03:53:34 AM

the flash crash is another correction for the price even if it is just happening in a second but it makes people get panic. we can see again in the future and we need to be prepared and the best thing here is we can buy at a lower price because, after the flash crash, the price is back to increase again. many people want to sell their bitcoin when the price is in high price so they can prepare to buy bitcoin again.

Yeah, this is exactly how people want to play with bitcoin for the avarice of higher profits. However if everybody continue holding, bitcoin might have crossed $13000.
For now, the price is not recovering, it just lowered to $9000 and going down at bottom in 24 hours i think. But no worries, bitcoin is great in returning to its normal state.
We can expect surge again possibly only after a large decrease as whales will not pump until they see the right time

Soots

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Quote from: BartS on November 29, 2017, 05:53:42 PM

Quote from: BERMUDAL on November 29, 2017, 04:21:23 PM

Quote from: aoluain on November 29, 2017, 04:17:06 PM

FLASH is the proper description for it but no panic Bitcoin is back on track.
I think we are going to see this far more regularly. Someone posted in a
different thread that as the price gets higher the volatility will increase......
or something of that nature.

isn't it just the opposite? The larger the marketcap the lower the volatility? because you need more and more money to even influence said coin.

But that is only true if you are holding dollars, whales are holding bitcoins so it does not matter if the price of bitcoin is very high in terms of dollars they are still holding bitcoin which means that they still have enormous power to influence the price no matter how big is the market cap, they know this and this is why they refuse to sell and to not buy again since they will lose their power.

Wow amazing, for just a short period of time it falls down then back to its stabilized value. Bitcoin's value is really unpredictable and we can't the stop its value which grows rapidly. I would say that for just short period of time, flash cash was due to some traders and investors sold a huge amount of bitcoin and after that some of them grabbing opportunity to buy again beacuse of a small amount of bitcoin. Speculation also gives impact to its downfall for giving wrong informations. If it might be happend again hopefully still back to its stabilized value, giving more chances to bitcoiner's to have profit.

trako

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some small investors began to extract from their hands. They are panicking. this is what is already wanted to be done. balinar wants to do this.

radeone

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Why would you call this a flash crash. It was a flash for sure but not a crash per se. It was overbought. Another regular day for bitcoin.

BillCoin

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Quote from: jaysabi on November 29, 2017, 03:26:14 PM

November 29, 2017: bitcoin falls from around $11,400 to around $8,600 in about four hours. That's a flash crash if I've ever seen one. 24.5% decline, then a sharp movement back up to about $10,000 45 minutes later. The volatility is extreme, even by crypto standards. In the midst of that, I was seeing a bid ask spread over $200 where I am accustomed to it being under $1 much of the time.

Any theories on the cause?

I think that it was a smart movement of the sharks to get rid of weak hands.
We need to get rid of weak hands before we can move into the area of 12-13 K$.

Price fixes are healthy, and it's okay that the price of bitcoin seldom goes down after huge up trend.

I think that the trend is still up, as the news sites hype is still alive.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

the flash crash is another correction for the price even if it is just happening in a second but it makes people get panic. we can see again in the future and we need to be prepared and the best thing here is we can buy at a lower price because, after the flash crash, the price is back to increase again. many people want to sell their bitcoin when the price is in high price so they can prepare to buy bitcoin again.

Harrisonimo

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Just like I do maintain my stand that there are some sets of persons that controls the market movements. It is quite imperative to note that Bitcoin's volatility rate is an exceptional that hasn't taken a cue from any other kind of currency. As much studies are being made to understand its market behaviour, the flash crash caught a lot off guard and really sent a panic across the board for crptotraders. Well, the bitcoin is back up in the game with its upwards trend again. Maybe a regulatory body will step in to control its volatility to some extent.

PipiPoo

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Yes, welcome to Crypto

Wouldnt call that irregular as well.

In time, BTC will adjust to the new price range around 10k and it will get a bit more stable (a BIT) ^^

meer45

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I wouldn't call it a flash crash, it was more like a dump cycle. Hopefully, as more players enter the bitcoin market and the distribution of bitcoin gets healthier, the price will be less susceptible to pump and dump cycles like this.

jseverson

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Seems to me like just another day in Bitcoin. Some people live by the rule sell high and buy low, and that's probably what happened. They saw 11k, took the opportunity to sell, then bought in again. We're just a bit below 10k which is quite normal.

Other than that, market correction maybe? It doesn't really matter though, we've already recovered after all.

okala

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Quote from: jaysabi on November 29, 2017, 03:26:14 PM

November 29, 2017: bitcoin falls from around $11,400 to around $8,600 in about four hours. That's a flash crash if I've ever seen one. 24.5% decline, then a sharp movement back up to about $10,000 45 minutes later. The volatility is extreme, even by crypto standards. In the midst of that, I was seeing a bid ask spread over $200 where I am accustomed to it being under $1 much of the time.

Any theories on the cause?

The simple cause for this is speculation and comments made by some bankers yesterday! Some of us has make some speculations here that bitcoin is going to clash, bitcoin is going to drop below $8,000 and we still expect people not to sell out of panic. Yesterday one top banker make some attacking comments on bitcoin and said it is going to clash on BBC and there is no way this comment will not affect people decisions on bitcoin.

Ilegendph

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Thinking on the higher plane of existence.

Quote from: Siopao on November 29, 2017, 11:20:02 PM

Its maybe the whales who holds a lot of bitcoin, getting their profit from the great pump that happened. Causing the value to dip. Btc user qho holds large bitcoin can really affect and dictate the price in just one move. Well, that's the price they gey for being the pioneer snd thrle ones who believe and bet in the industry.

I have the same theory with you, maybe this investors has a limit of about $11,000/btc to sell their bitcoins and earn profits after the big dump those people who are waiting for the bitcoin to have lower price buy huge volume of btc so that the price goes normal again. This could only happen in two ways, one if the number of holding bitcoin that has the same goal or target of $11,000/btc is huge in enough to dump it to $8,400 and two if there is a billionaire invested in btc and bought it in large volume sold his btc.

palle11

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Quote from: starblocks on November 29, 2017, 10:08:37 PM

This Coindesk article doesn't provide many clues except possible overloaded exchanges and congestion: https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/

There still doesn't appear to be a downtrend yet despite this

I'm curious to see where it goes this week!

I mean the price is still skyrocketing without no breaks since a month now. This is really stunning.

The price mark for this year has been reached, yet bitcoin is crossing bounds. I do believe that next year is going to be an explosion in price because awareness is going to be higher and many more investors coming in plus new manipulations.

Siopao

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Its maybe the whales who holds a lot of bitcoin, getting their profit from the great pump that happened. Causing the value to dip. Btc user qho holds large bitcoin can really affect and dictate the price in just one move. Well, that's the price they gey for being the pioneer snd thrle ones who believe and bet in the industry.

starblocks

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This Coindesk article doesn't provide many clues except possible overloaded exchanges and congestion: https://www.coindesk.com/bitcoin-price-falls-1000-minutes-erase-24-hour-gains/

There still doesn't appear to be a downtrend yet despite this

I'm curious to see where it goes this week!

Teraboy

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Quote from: jaysabi on November 29, 2017, 03:26:14 PM

November 29, 2017: bitcoin falls from around $11,400 to around $8,600 in about four hours. That's a flash crash if I've ever seen one. 24.5% decline, then a sharp movement back up to about $10,000 45 minutes later. The volatility is extreme, even by crypto standards. In the midst of that, I was seeing a bid ask spread over $200 where I am accustomed to it being under $1 much of the time.

Any theories on the cause?

A flash pump and tht means about flash crash too. The market can be manipulated by the whale. if you are seeing about the fact that the whale can make the market becomes panic.
Just dump a lot of your bitcoin and the market will give a panic reaction. Some expert already predicted about the flash crash.
Bitcoin hasn't a good support line.

Dart18

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A group may have decided to withdraw for now. But it is okay.
Now we knew bitcoin could go that way and could also reach heights like that.
We have hope now that another day will come and it will hit back to that price.

That is still good news. This fight aint over. Still hodl.

bribed

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Wow, I didnt realized it dropped this low. What I read in another thread was, that one guy sold all his BTC for $10 each by mistake and this shall have caused the "dip" if we want to call it like that. Not sure if this is true though.

creeps

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Quote from: tabas on November 29, 2017, 03:32:08 PM

No theory at all, whales are just taking their money now. After a quick dumped, look at the charts again now as the price of bitcoin is now starting to be fueled and pumping again. And as you will notice, majority of the crypto's are on down so these whales are seriously simply taking their profits.

Indeed, and some people are just selling on panic. But still I believe that this is just the correction and bitcoin starting to pump now. Just Hold because this is not the end, this is just a start of a bright future.

meldrio1

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maybe big investors sold their bitcoins but don't worry investors will invest again after that dump it will back to $11,000 the price of bitcoin soon.

Topic: We gonna talk about that flash crash? - page 2. (Read 905 times)