What the heck happened to the prices?

badru891

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Quote from: weidex on October 01, 2019, 05:42:53 AM

I came a cross this video https://www.youtube.com/watch?v=9LhK5kQqON4&t=872s giving a suggestion why the prices dropped.

"Before the price dropped 20%, there was about 1.2 billion dollars that moved into exchanges. This is an unusual amount. Then on the Bitmex exchange there was a large sell order which triggered a bunch of limit sell orders, which also liquidated a bunch of people's positions. And so that is what caused the gigantic price drop. In other words, the price likely dropped because of manipulation. It is a short-term manipulation attempt, while the long-term adoption is going well. "

Maybe if the prices recover soon (as we already see green markets), this will turn out right.

Most of the time this crypto market is manipulated by strong hands that are always looking to create panic sells. Casually I'm checking a new exchange called mintMe which is based on win-win philosophy, this way, mintMe let traders and investors like us have the chance to get revenue while giving support to entrepreneurs that want to start up their business ideas

fudster

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Quote from: alan2here on October 03, 2019, 08:03:08 AM

Quote from: aces777 on October 03, 2019, 02:56:49 AM

It is normal to see fall in prices of coins, we shouldn't be expecting to see increase in the prices of the coins everytime. Whatever direction the winds blow, you should be prepared and ready for it. Always have it in mind that the market might not always go in your favor, but also always hope for the best and make good use of every market situation.

We should be psychologically prepared when participating in this market because this market has no stability and just a small mistake will make you lose a huge amount of money. I think adding knowledge now is something that all investors should do during this period because if you have an understanding of this market you will avoid a lot of risk in investing. I personally read books when the market is on a downward trend because this is a way to reduce my fear.

Unless you see the transfer of large amount of BTC goin to the exchanges, you will be prepared for it. But no one is pretty much prepared when it comes to manipulations like this one. So if they have successfully did drag the price down, they could do it again and they could also push it up to set a bulltrap.

alan2here

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Quote from: aces777 on October 03, 2019, 02:56:49 AM

It is normal to see fall in prices of coins, we shouldn't be expecting to see increase in the prices of the coins everytime. Whatever direction the winds blow, you should be prepared and ready for it. Always have it in mind that the market might not always go in your favor, but also always hope for the best and make good use of every market situation.

We should be psychologically prepared when participating in this market because this market has no stability and just a small mistake will make you lose a huge amount of money. I think adding knowledge now is something that all investors should do during this period because if you have an understanding of this market you will avoid a lot of risk in investing. I personally read books when the market is on a downward trend because this is a way to reduce my fear.

traderethereum

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Quote from: aces777 on October 03, 2019, 02:56:49 AM

It is normal to see fall in prices of coins, we shouldn't be expecting to see increase in the prices of the coins everytime. Whatever direction the winds blow, you should be prepared and ready for it. Always have it in mind that the market might not always go in your favor, but also always hope for the best and make good use of every market situation.

That is what we need to do regarding market situations.
And with prepare, we can be ready for anything that happens later in the market.
The market will go up and down anytime, but we can follow where the market wants to go by always analyze the movement.
But if you feel that you cannot follow the market even after you analyze, then it is better to stop for a while, don't do anything and only watch the market moves.
That will better for you as you don't know what to do and I think that will save you from the loss.

aces777

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It is normal to see fall in prices of coins, we shouldn't be expecting to see increase in the prices of the coins everytime. Whatever direction the winds blow, you should be prepared and ready for it. Always have it in mind that the market might not always go in your favor, but also always hope for the best and make good use of every market situation.

sodiik

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This event I think also manipulation of the market. This will trigger people to follow the price hike by buying coins. But when coins are not sold the coin price immediately falls. If the buyer panic because it will definitely be sold at a low price.

My advice, you do not panic with a downturn. But such manipulation will occur in several different coins. I hope you can continue to monitor the market situation. If that happens, you can move faster.

Kotone

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This kind of activity is normal, dont create such fud cause everytime different people or institution are moving their funds inside or outside the exchange. Is it bad for a huge investor to move in or transfer his fund to another liquidity source or profit generator? If it does affect you, then you should think outside the box. They are also investor and they can do whatever they want. Of course market will be affected buy can you tell them not to sell, so the market wouldn't go down? If they on profit already, what can you do? See.

passwordnow

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Quote from: lobat999 on October 01, 2019, 05:07:03 PM

Quote from: passwordnow on October 01, 2019, 11:43:41 AM

How many times are we going to treat these unusual transfers as something extraordinary? crypto is money involved so expect huge transfers to be there. It can be from someone who wants to dump or wants to convert his bitcoin into another altcoin.
The manipulation thingy has been known since years ago and we're still thinking that the market isn't manipulated?

Correct! I will not even be surprised if we see transactions greater than this in the future since I'm guessing we will be looking at a big time whale or whales who had accumulated Bitcoins in the early days and did solidify his portfolio during the 2017 bull run.

These whale(s) are always looking for entry and exit points in crypto market all the time thus triggering huge sell offs and buy ins that affects crypto prices - a normal occurrence in the market. As I said, I would not call it a manipulation either way. Imho.

That's for sure, there will be whales who will start cashing out their bitcoins for profit and this is a normal scene in the community. But there's still some folks that are always surprise and putting fear to themselves by thinking a big drop will come. It normally happens so just don't expect something to be positive or be surprised if there's a huge transaction that's transferred from one wallet to another / exchange.

DevilSlayer

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Always remember about what's happening in the market is only part of the market cycle. There are times that the price is going up, there are times that is going down and also there is a part that its price is only consolidating. Right now, the market is down and it is because of manipulation.

ivaf

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What happened to the prices? Nothing special, another market manipulation. If you study the graphs in recent years, you will see that this happens all the time.
Yes, of course, prices will recover with a high degree of likelihood. But it is also possible to continue the fall with recovery later. No one can clearly predict this.

VDraci

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You should stop expecting any crypto price to stay at one point forever, that's not reality, crypto will always be fluctuating and its left for you to learn how to take advantages of both the green and red market signs, dumping or surging there is always opportunities lying at there ends

pieppiep

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Quote from: BitcoinHunt3r on October 01, 2019, 10:37:10 PM

I think manipulation or not, people already clever to know what happen to price of bitcoin. Maybe this dump (i mean last dump) not really deep because of people who panic not much and keep make price only a little percent from early price. Maybe for bitcoin and altcoin will stay like this but i am concern about next holiday, maybe market not have very big volume trading for a moment.

People now become smart to think about situations. If they see that the market gets to manipulate, as long as they can make a profit, they will okay, and they will try to search for more profit. They can act related to the market, and if the market is going to somewhere, people will be calm down and wait for the next thing that will happen. But there are still many people who panic to see the dump at the market, and they cannot think that the dump will be over and that is their chance to buy more bitcoin or altcoin. After the dump, the price will be back to the higher price.

Chiyoko

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Quote from: PrivacyBob on October 01, 2019, 09:48:11 PM

market manipulation.

I dont think its market manipulation . more people lost interest after loosing that what i think the reasons new people that has been hype in the bull market get morethan 50% lost so it really difficult for them to come back if they are new with this kind of investemtn and never have experience with such a lost. but to all bitcoin holders this is normal and always happen .

BitcoinHunt3r

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I think manipulation or not, people already clever to know what happen to price of bitcoin. Maybe this dump (i mean last dump) not really deep because of people who panic not much and keep make price only a little percent from early price. Maybe for bitcoin and altcoin will stay like this but i am concern about next holiday, maybe market not have very big volume trading for a moment.

Fredomago

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Quote from: Beparanf on October 01, 2019, 09:11:02 PM

We can't figure out what really the reason of the last week of September bloody chart. But it's not really the first time after the big pump happened 2 yrs ago. There are already records of prices dropping then dropping but it doesn't mean that it will not worth to still hold into it since we all know that cryptocurrency is limited, once many adopts it the price will goes up because of the demand needed. We just need to analyse ways to still gain profit despite of the prices now. Pick alt that worth holding or good for trading to earn.

If you are going to trace back those past movements, it can let you keep track to where the market will proceed. After this bloody market and after new barrier have been tested, the cycle will again start rising up. Good investors always find opportunities by taking bad market into picking gems. If you have the right path to chase and you are willing to wait for another market rise, you will not be affected that much even though your assets show some suffering in value but keeping the faith and holding it will benefit you later on.

PrivacyBob

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market manipulation.

Beparanf

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We can't figure out what really the reason of the last week of September bloody chart. But it's not really the first time after the big pump happened 2 yrs ago. There are already records of prices dropping then dropping but it doesn't mean that it will not worth to still hold into it since we all know that cryptocurrency is limited, once many adopts it the price will goes up because of the demand needed. We just need to analyse ways to still gain profit despite of the prices now. Pick alt that worth holding or good for trading to earn.

rez303

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Quote from: Bonwin on October 01, 2019, 05:17:46 PM

Price manipulations are done mainly more on big exchanges, where there is so much volume, most especially for the coin in question, "bitcoin".
Bitmex is known to be the main target for that purpose.
However, if you are already caught at the middle of this, there is no need to be disturbed. All you need do is know what you want and work on it.

I think the Bitmex exchange is the place that makes the biggest volatility for this market because this is where the number of investors holds Bitcoin the most and they have complete control over the value of this coin. I regularly check the value of Bitcoin and in the last few days this coin has a big drop in price and it's really not good for our profits. In my opinion, the best solution at this time is to wait patiently because the market is now very difficult to predict and everything happens against the wishes of investors.

Pearls Before Swine

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Altcoin prices are heavily dependent on what bitcoin is doing, since they're all basically priced in btc. It's very common that when bitcoin is taking a beating in the markets, altcoins are also getting hammered. That's what's happening now. I have a modest portfolio of about 6 different altcoins and they aren't doing so hot since bitcoin dropped to $8000. Don't fret about it because bitcoin is rebounding and I have noticed that my little portfolio has gone up as well.

Quote from: passwordnow on October 01, 2019, 11:43:41 AM

How many times are we going to treat these unusual transfers as something extraordinary? crypto is money involved so expect huge transfers to be there.

A transfer is one thing, but a transfer of huge amounts to an exchange in order to sell it is quite another. I don't lose sleep over that sort of news, because I'm fairly sure that nobody knows where those coins are being transferred to and I'm not concerned that anybody would be crazy enough to try to sell enormous amounts of bitcoin all at once.

Quote from: kentrolla on October 01, 2019, 08:57:53 AM

it seems big whales are triggering investors to panic sell.

Nah. People give those 'whales' way too much credit in my opinion.

BlackFor3st

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Quote from: weidex on October 01, 2019, 05:42:53 AM

I came a cross this video https://www.youtube.com/watch?v=9LhK5kQqON4&t=872s giving a suggestion why the prices dropped.

"Before the price dropped 20%, there was about 1.2 billion dollars that moved into exchanges. This is an unusual amount. Then on the Bitmex exchange there was a large sell order which triggered a bunch of limit sell orders, which also liquidated a bunch of people's positions. And so that is what caused the gigantic price drop. In other words, the price likely dropped because of manipulation. It is a short-term manipulation attempt, while the long-term adoption is going well. "

Maybe if the prices recover soon (as we already see green markets), this will turn out right.

Yes, it will only be a short term manipulation attempt if it is the case as they need more than that to manipulate the price further. Though 20% price dropped is pretty bad if we will think it negatively.

Let's just hope that the price will recover soon and the big investors will start to pump the price to encourage all the small investors to follow.

Kemarit

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Been hearing this theory after the flash crash but we really don't know if that entity has the intentions to pull the price down. But the thing is, the price is really on the oversold region for quite sometime and this huge sell order might trigger the dump and it follow by lots of speculators who are just waiting in line to liquidate because they know that the market is ripe for a downturn. So we really can't say if this is done deliberately, but one thing is for sure market will continue to grow, it's just how you are going to react with this kind of worst case scenario and how you adjust and leverage your trading plan.

leowonderful

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Bitmex was actually a few hundred dollars below their fair market pricing (gathered using spot exchanges) during and after the initial drop due to (mostly) long liquidations, though the gap between Bitmex's XBTUSD pricing and the market pricing eventually closed a few hours after the bulk of the dumping stopped. Liquidations definitely do amplify market moves in crypto now, especially as more people are trading using leverage than ever, but it's not the sole reason why the drop happened either. The breakdown of the bottom trendline of the huge descending triangle people were watching for weeks also made people short and sell coins, which accelerated the dumping.

cryptonx

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Quote from: weidex on October 01, 2019, 05:42:53 AM

I came a cross this video https://www.youtube.com/watch?v=9LhK5kQqON4&t=872s giving a suggestion why the prices dropped.

"Before the price dropped 20%, there was about 1.2 billion dollars that moved into exchanges. This is an unusual amount. Then on the Bitmex exchange there was a large sell order which triggered a bunch of limit sell orders, which also liquidated a bunch of people's positions. And so that is what caused the gigantic price drop. In other words, the price likely dropped because of manipulation. It is a short-term manipulation attempt, while the long-term adoption is going well. "

Maybe if the prices recover soon (as we already see green markets), this will turn out right.

maybe somebody need a huge money to buy a traditional assets such as land or house my friend
many people said if the price of crypto being manipulated, but until now i never believed, because when the price drop hard always come after a bad news show up,,
https://cointelegraph.com/news/bitcoin-network-hash-rate-mysteriously-flash-crashes-by-40

Bonwin

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Price manipulations are done mainly more on big exchanges, where there is so much volume, most especially for the coin in question, "bitcoin".
Bitmex is known to be the main target for that purpose.
However, if you are already caught at the middle of this, there is no need to be disturbed. All you need do is know what you want and work on it.

lobat999

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Quote from: passwordnow on October 01, 2019, 11:43:41 AM

How many times are we going to treat these unusual transfers as something extraordinary? crypto is money involved so expect huge transfers to be there. It can be from someone who wants to dump or wants to convert his bitcoin into another altcoin.
The manipulation thingy has been known since years ago and we're still thinking that the market isn't manipulated?

Correct! I will not even be surprised if we see transactions greater than this in the future since I'm guessing we will be looking at a big time whale or whales who had accumulated Bitcoins in the early days and did solidify his portfolio during the 2017 bull run.

These whale(s) are always looking for entry and exit points in crypto market all the time thus triggering huge sell offs and buy ins that affects crypto prices - a normal occurrence in the market. As I said, I would not call it a manipulation either way. Imho.

passwordnow

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How many times are we going to treat these unusual transfers as something extraordinary? crypto is money involved so expect huge transfers to be there. It can be from someone who wants to dump or wants to convert his bitcoin into another altcoin.
The manipulation thingy has been known since years ago and we're still thinking that the market isn't manipulated?

bhabygrim

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Quote from: Bttzed03 on October 01, 2019, 08:00:07 AM

^This.

Everytime the market dumps, it's manipulation.
Everytime the market pumps, it's manipukation.

Don't stress yourself trying to figure out what happened because you will never know unless you are the person who sold or bought at a huge quantity,

It is true every time a price drop happens we would hear some says it is manipulation ,
They are stressing their own in this kind of stuff why don't they just focus on their portfolio or how to gain back what they loss.
Most of those people who cries manipulation are the one's who doesn't have some plan or cut loss so they lose so much because of this sudden drop,
But if they are aiming for the long term then they shouldn't really be bothered about this dump because surely the price would go back again as we have seen this before.

Febo

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Quote from: weidex on October 01, 2019, 05:42:53 AM

What the heck happened to the prices?

Price of Bitcoin was to high. It was growing from March to June. Full 5 months. And with quite big gains. Now last 3 months we saw a slight decline of Bitcoin price. From now on that can continue or can slightly grow. On average price should be stable. We will definitely not see any huge drops like it happened in December last year.

#Darren

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Bakkt exchange was not successful. It is the only logical reason why the price has fallen and the whole market lost in capitalisation. However, I gave up on looking for logic in crypto, because it could also be another anonymous whale, that wanted to buy another house.

lobat999

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Quote from: fudster on October 01, 2019, 09:38:04 AM

That OP is related to the weidex project, its a decentralized exchange I'm sure he knows what he is saying here.

The video posted is from Cedric Dahl which I happen to be a subscriber. I like this guy, he explains well and very truthful and answers questions with reality in mind. Can't find where he explains what happen that causes the prices to drop.

Did watch the video and Cedric Dahl did said those things as what OP has stated but I guess everybody is entitled to his or her opinion. Right? So I'm just not sure if that 1.2 billion dollars that moved on to exchanges prior to the drop is a result of manipulation but I guess it is rather a strategic move on whoever has that financial capacity to move markets.

weidex

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Quote from: fudster on October 01, 2019, 09:38:04 AM

That OP is related to the weidex project, its a decentralized exchange I'm sure he knows what he is saying here.

The video posted is from Cedric Dahl which I happen to be a subscriber. I like this guy, he explains well and very truthful and answers questions with reality in mind. Can't find where he explains what happen that causes the prices to drop.

7:30 min

fudster

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That OP is related to the weidex project, its a decentralized exchange I'm sure he knows what he is saying here.

The video posted is from Cedric Dahl which I happen to be a subscriber. I like this guy, he explains well and very truthful and answers questions with reality in mind. Can't find where he explains what happen that causes the prices to drop.

lobat999

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Quote from: DaMut on October 01, 2019, 08:46:11 AM

Quote from: lobat999 on October 01, 2019, 08:16:46 AM

Don't worry, its all about market sentiment and daily prices are irrelevant and only tentative! Since I assumed you've also witnessed Bitcoin price plunge to $3k plus on the last quarter of 2018 which I guess may have also shocked you but I think you will begin getting used to it that you wont entertain any conspiracy theories in thoughts anymore but I must admit, your hint maybe possible also.

I do not think it is a simple conspiracy since Bitmex used to be like that, using the momentum to gain the profit. it is not market sentiment instead it is market manipulation. Many people had reported it, I will never forget the time when Okecoin dumps their Litecoin by a large margin a while ago without any reason, just like today.
There are some big orders came out and pressuring the price, at the same time the orders are gone leaving the small order resisting the pressure.
you can even read this news here
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html

It could be true but maybe we are witnessing a very big whale who opt to liquidate his/her position and not the exchange. Maybe there could be some truth behind it but nevertheless would be difficult to prove. I guess this events already happened before and we know that when whales moves, it could send big ripples to crypto markets accordingly.

bellicose

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Has google affected crypto rprice drops? Mechanically? Are you seriously? Why is such a large company engaged in such frankly nonsense? Moreover, they themselves plan to create their own cryptocurrency, but at the moment they have no financial problems.

kentrolla

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Well this is not for the first time we are experiencing this issue, it seems big whales are triggering investors to panic sell. We are already aware that crypto is volatile and anything can happen, holding is the only way to bear from loss. Wait till the end of this year to see some serious pump if you want to make some profit.

DaMut

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Quote from: lobat999 on October 01, 2019, 08:16:46 AM

Don't worry, its all about market sentiment and daily prices are irrelevant and only tentative! Since I assumed you've also witnessed Bitcoin price plunge to $3k plus on the last quarter of 2018 which I guess may have also shocked you but I think you will begin getting used to it that you wont entertain any conspiracy theories in thoughts anymore but I must admit, your hint maybe possible also.

I do not think it is a simple conspiracy since Bitmex used to be like that, using the momentum to gain the profit. it is not market sentiment instead it is market manipulation. Many people had reported it, I will never forget the time when Okecoin dumps their Litecoin by a large margin a while ago without any reason, just like today.
There are some big orders came out and pressuring the price, at the same time the orders are gone leaving the small order resisting the pressure.
you can even read this news here
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mystery-trade-cryptocurrency-market-transaction-blockchain-a9103611.html

Eugenar

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Quote from: ansi on October 01, 2019, 07:44:10 AM

Don't try to focus on these conspiracy theories, focus more on your money management so you don't get eaten by those sharks (we call them whales in crypto).
If you're a trader just make sure every trade you start is made with a simple Take Profit & Stop Loss.

Crypto market is volatile & this is the only you way you can survive it, your strict money management, don't focus on bulshits of crypto conspiracy theories & bla bla bla. Those whales are here to make money just like you, the difference is that they know who to do it & it's time for your to learn that, there is no mercy in here whether you're a winner or a loser, nothing in between.

Technically speaking, yes it is correct to focus on your money management but as far as I know, knowing what the future can do, will going to help you allot. I remember after watching video that the creator of this topic posted, a person ask, is a quantum computer will affect how crypto goes? The answer to that question is yes, based on the person talking. But if we will think deeply about it, quantum computers are very fast, it can penetrate/computer transactions better than normal laptops/computer does, basically, it has a huge effect on us. The point is, looking forward to the future is a great factor to consider.

gunhell16

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Prices are getting better now and everyone is affected.
The fall of bitcoin will influence all prices to go down with USD value. that is normal.
Now it is getting better and everyone follows.

Manipulation is very popular in the market and it always happens/.

lobat999

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Don't worry, its all about market sentiment and daily prices are irrelevant and only tentative! Since I assumed you've also witnessed Bitcoin price plunge to $3k plus on the last quarter of 2018 which I guess may have also shocked you but I think you will begin getting used to it that you wont entertain any conspiracy theories in thoughts anymore but I must admit, your hint maybe possible also.

Red-Apple

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Quote from: weidex on October 01, 2019, 05:42:53 AM

Maybe if the prices recover soon (as we already see green markets), this will turn out right.

since this is the altcoin board, i don't see any price recovery in the near future of altcoin market. you asked what the heck happened to prices, the answer is nothing new. unlike bitcoin, altcoins have been going down for nearly 2 years now. when bitcoin stopped dropping this year and reversed up from $3100 altcoins have still been dumping and still do. that trend has not yet ended.

Bttzed03

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^This.

Everytime the market dumps, it's manipulation.
Everytime the market pumps, it's manipukation.

Don't stress yourself trying to figure out what happened because you will never know unless you are the person who sold or bought at a huge quantity,

ansi

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Don't try to focus on these conspiracy theories, focus more on your money management so you don't get eaten by those sharks (we call them whales in crypto).
If you're a trader just make sure every trade you start is made with a simple Take Profit & Stop Loss.

Crypto market is volatile & this is the only you way you can survive it, your strict money management, don't focus on bulshits of crypto conspiracy theories & bla bla bla. Those whales are here to make money just like you, the difference is that they know who to do it & it's time for your to learn that, there is no mercy in here whether you're a winner or a loser, nothing in between.

weidex

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I came a cross this video https://www.youtube.com/watch?v=9LhK5kQqON4&t=872s giving a suggestion why the prices dropped.

"Before the price dropped 20%, there was about 1.2 billion dollars that moved into exchanges. This is an unusual amount. Then on the Bitmex exchange there was a large sell order which triggered a bunch of limit sell orders, which also liquidated a bunch of people's positions. And so that is what caused the gigantic price drop. In other words, the price likely dropped because of manipulation. It is a short-term manipulation attempt, while the long-term adoption is going well. "

Maybe if the prices recover soon (as we already see green markets), this will turn out right.

Topic: What the heck happened to the prices? (Read 499 times)