We gonna talk about that flash crash? - page 3.

riderinred

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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.

Old whales will retain their marketpower, I agree. But for new whales it will be very hard to accumulate this kind of power on the market. like the old whales have.
I think it will be an interesting journey and hope that BTC first recovers from that Nightmare-4h-candle and then a slow bleeding starts, so Alts have a chance.
But tbh I doubt that the rallye is over yet.

BartS

sr. member

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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.

player514

legendary

Activity: 1414

Merit: 1039

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.

I find the system very funny. Whales pull out and they drop the price which is what they want right? They want to be at the forefront of sales, so when they do sell, they get the most and the price for BTC drops. Which means that this opens up a whole new opportunity for them to purchase again because the price is low again. They want to max their profits out so they buy low sell high, but in the process, they create the next cycle as well.

jaysabi

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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.

I think generally this is true, but it should be cause for alarm that as large as btc's marketcap is, it can still crash 25% in a matter of hours. It's a lot harder to cause massive price spikes the larger it gets, but I think it is always easier to have volatility in a downward trajectory.

I see that unconfirmed transactions has spiked to around 100k, so I wonder if that has anything to do with the flash crash. It seems the network is under spam attack again, with wildly higher transactions than is typical.

BERMUDAL

newbie

Activity: 56

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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.

aoluain

legendary

Activity: 2436

Merit: 1362

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.

trobin

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Activity: 177

Merit: 102

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It was certainly a rapid downfall but after all of it bitcoin is back about where it was. I think people are just taking profits and taking advantage of uncertainty in the market to swing trade.

tabas

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Activity: 3024

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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.

CryptoKyddie

member

Activity: 182

Merit: 15

Im not sure if that is really what we would call a "flash crash". Surely just a small fat finger trade or some other jiggery pokery? Follow your own research, head and heart especially in cryptoland

jaysabi

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★777Coin.com★ Fun BTC Casino!

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?

Topic: We gonna talk about that flash crash? - page 3. (Read 905 times)