why bitcoin is dumped so hard? | Bitcointalksearch.org

trinaldao

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Quote from: lissandra on August 20, 2015, 12:58:39 AM

Quote from: trinaldao on August 19, 2015, 10:00:25 AM

Quote from: fox19891989 on August 19, 2015, 12:37:14 AM

Damn, the price was steady before, but btc is crashing today again, unluckily I didn't dump my bitcoin when it was 300 USD, still have 7-8 bitcoins now, why btc is crashing again??? Huh

FUDER hiring some people to troll at bitcoincomunity so many people panic with it and sell his bitcoin
i choose holding my bitcoin because i m sure with it

I dont thin it has to deal with a troll community.

I think the price reflects on the whole bitfnex incident of their sell off of their rogue employee or some insider crap.

look at this thread some one hiring troller
https://bitcointalk.org/index.php?topic=1146084.0;topicseen

trinaldao

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Quote from: mattiadeabtc on August 20, 2015, 05:43:28 AM

i agree, personally i think it's a crazy thing sell your bitcoin at 210/220$ each!!!! hodl

some people get free bitcoin
and he will sell if he need money to pay cost of life and he did'nt think about price so that a realistyc

sgbett

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Quote from: fox19891989 on August 19, 2015, 12:37:14 AM

Damn, the price was steady before, but btc is crashing today again, unluckily I didn't dump my bitcoin when it was 300 USD, still have 7-8 bitcoins now, why btc is crashing again??? Huh

It's because everyone is selling there Bitcoin so they can buy XT coins.

True story.

Sources etc.

trinaldao

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Quote from: fox19891989 on August 19, 2015, 12:37:14 AM

Damn, the price was steady before, but btc is crashing today again, unluckily I didn't dump my bitcoin when it was 300 USD, still have 7-8 bitcoins now, why btc is crashing again??? Huh

Bitcoin is high risk if you can control your emotion

you must be realistis
if price up sell it don't waiting to 1000$ Grin

MF Doom

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Quote from: wadili89 on August 20, 2015, 11:52:41 AM

Quote from: wizardee on August 19, 2015, 05:19:20 AM

Quote from: unamis76 on August 19, 2015, 05:15:47 AM

Bitcoin isn't dumping hard, lol. And it's definitely not because of a fork that's coming in almost half a year... It's just the usual suspects messing with small traders to squeeze some coins of of them.

not hard? 40k btc dump to 162$….if this not hard? what is hard for you?

https://cryptowatch.de/bitfinex/btcusd/1hr

this is not dumping just the value is droping when bitcoins rise it rise like hell and when it drop is drop same as but the current value is same as yesterday so its not actully dumping

My problem is that every time a new "price floor" comes in, the bar is lowered, and peoples expectations drop, and people leave btc all together. I think if anything the market is shrinking as more people get burned. That means every time a dump happens, it takes less people "dumping" to have an effect. I just think too many people have had these grand expectations, lost money, and are too scared/frustrated to even think about getting back in

ArticMine

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The reality is that Bitcoin has to fork and allow the blocksize to increase if it is to remain relevant. The problem is the resistance in certain quarters to increasing the max blocksize over 1 MB that has led to the XT solution and the current impasse. All I can sadly say is that I have followed Bitcoin since August 2011 and have owned Bitcoin since October 2011, yet this is the first time I have serious doubts about Bitcoin's future.

Edit 1: Bitcoin XT with just the blocksize increase and none of the "extras" is a perfectly viable solution.
Edit 2: The market is trying to tell the Bitcoin community something. It is time we listened.

MinerHQ

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Quote from: Brewins on August 20, 2015, 07:50:27 AM

where is the crash?

I see the price at same level as yesterday when I left, around 235.

Yes since yesterday the prices are around 235 range. Do not know what is happing in trading?

Nagle

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For the first half of 2015, the price was $225 ± 25. That's where it is now. What's the problem?

Bitcoin has had two major runups, both driven by external use cases. The first was Silk Road I drug sales, and the second was getting around China's capital controls. Both of those were shut down. Without a new big use case, there's no particular reason to expect another runup.

wadili89

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Quote from: wizardee on August 19, 2015, 05:19:20 AM

Quote from: unamis76 on August 19, 2015, 05:15:47 AM

Bitcoin isn't dumping hard, lol. And it's definitely not because of a fork that's coming in almost half a year... It's just the usual suspects messing with small traders to squeeze some coins of of them.

not hard? 40k btc dump to 162$….if this not hard? what is hard for you?

https://cryptowatch.de/bitfinex/btcusd/1hr

this is not dumping just the value is droping when bitcoins rise it rise like hell and when it drop is drop same as but the current value is same as yesterday so its not actully dumping

techgeek

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Quote from: randy8777 on August 20, 2015, 05:46:03 AM

Quote from: mattiadeabtc on August 20, 2015, 05:43:28 AM

Quote from: trinaldao on August 19, 2015, 10:00:25 AM

Quote from: fox19891989 on August 19, 2015, 12:37:14 AM

Damn, the price was steady before, but btc is crashing today again, unluckily I didn't dump my bitcoin when it was 300 USD, still have 7-8 bitcoins now, why btc is crashing again??? Huh

FUDER hiring some people to troll at bitcoincomunity so many people panic with it and sell his bitcoin
i choose holding my bitcoin because i m sure with it

i agree, personally i think it's a crazy thing sell your bitcoin at 210/220$ each!!!! hodl

people do weird things when they see the price go down real hard. they try to reduce the losses by selling and to later buy back more coins for the same $ amount.

or people are just panicing lol.

I know for sure my friend would be selling it so hard since he hasnt seen most of the other crash moments. Anyone whos selling is because they never seen a recover or just doesnt want to deal with the recover time it takes.

Brewins

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where is the crash?

I see the price at same level as yesterday when I left, around 235.

randy8777

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Quote from: mattiadeabtc on August 20, 2015, 05:43:28 AM

Quote from: trinaldao on August 19, 2015, 10:00:25 AM

Quote from: fox19891989 on August 19, 2015, 12:37:14 AM

Damn, the price was steady before, but btc is crashing today again, unluckily I didn't dump my bitcoin when it was 300 USD, still have 7-8 bitcoins now, why btc is crashing again??? Huh

FUDER hiring some people to troll at bitcoincomunity so many people panic with it and sell his bitcoin
i choose holding my bitcoin because i m sure with it

i agree, personally i think it's a crazy thing sell your bitcoin at 210/220$ each!!!! hodl

people do weird things when they see the price go down real hard. they try to reduce the losses by selling and to later buy back more coins for the same $ amount.

mattiadeabtc

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Quote from: trinaldao on August 19, 2015, 10:00:25 AM

Quote from: fox19891989 on August 19, 2015, 12:37:14 AM

Damn, the price was steady before, but btc is crashing today again, unluckily I didn't dump my bitcoin when it was 300 USD, still have 7-8 bitcoins now, why btc is crashing again??? Huh

FUDER hiring some people to troll at bitcoincomunity so many people panic with it and sell his bitcoin
i choose holding my bitcoin because i m sure with it

i agree, personally i think it's a crazy thing sell your bitcoin at 210/220$ each!!!! hodl

lissandra

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Quote from: trinaldao on August 19, 2015, 10:00:25 AM

Quote from: fox19891989 on August 19, 2015, 12:37:14 AM

Damn, the price was steady before, but btc is crashing today again, unluckily I didn't dump my bitcoin when it was 300 USD, still have 7-8 bitcoins now, why btc is crashing again??? Huh

FUDER hiring some people to troll at bitcoincomunity so many people panic with it and sell his bitcoin
i choose holding my bitcoin because i m sure with it

I dont thin it has to deal with a troll community.

I think the price reflects on the whole bitfnex incident of their sell off of their rogue employee or some insider crap.

trinaldao

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Activity: 1218

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Post your ann & bounty just contact me

Quote from: fox19891989 on August 19, 2015, 12:37:14 AM

Damn, the price was steady before, but btc is crashing today again, unluckily I didn't dump my bitcoin when it was 300 USD, still have 7-8 bitcoins now, why btc is crashing again??? Huh

FUDER hiring some people to troll at bitcoincomunity so many people panic with it and sell his bitcoin
i choose holding my bitcoin because i m sure with it

amiryaqot

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Quote from: Alley on August 19, 2015, 09:40:06 AM

It sucks that such a small amount of btc can crash the price so hard. It was only a 10k sell on finex and that triggered all the margin calls. Bitcoin still has a long way to go. Just think how the market would react to a 10k sell at $5,000 per coin?

Yes that is like that but this is just of profit when it dumped so hard so when we look at charts price is acting like this a big rise happen and start moving to up and after reaching at high point than it moving down again that strategy is repeating from few last months so better hold and never sell in panic.

acquafredda

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Quote from: Eodguy149 on August 19, 2015, 05:24:12 AM

Quote from: acquafredda on August 19, 2015, 05:22:18 AM

Everything was dumped and rebuyed in minutes.
Lots of people craving for cheap coins.

This is only the beginning.

Gotta love that flash crash, I wish I was able to pick up more cheap coins! The recovery was pretty quick back up to $230~

Do you mean the beginning of more dumps?

The beginning of more fun to come.
I don't like leaving money on exchanges: this is why a lost this turn. I have to find a way to be quick in these occasions. It could have been a good way to buy cheap.

Alley

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It sucks that such a small amount of btc can crash the price so hard. It was only a 10k sell on finex and that triggered all the margin calls. Bitcoin still has a long way to go. Just think how the market would react to a 10k sell at $5,000 per coin?

traderbit

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With the prospect of a hard fork and this lack of consensus , I think it's safe to say that we will see a lot of negative pressure in price

Mickeyb

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Move On !!!!!!

Quote from: --Encrypted-- on August 19, 2015, 08:56:22 AM

I thought something like this would happen, just not so soon.
most investor don't care to learn the truth about the block size debate, they only care about their pockets, give them one reason that bitcoin might be dead in the next few months and they'll move to something more safe.

Yes, this was really early. I couldn't believe how low we have dipped on Bitfinex when I woke up. I mean close to 50,000 coins. This was some scared investor that doesn't understand the block size debate very well.

Now, since this has happened so early, I am afraid that this leaves us vulnerable for more of the dumps like this until the uncertainty about this block size mess doesn't get sorted.

Topic: why bitcoin is dumped so hard? (Read 3012 times)