Why Bitcoin is dumping? | Bitcointalksearch.org

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Quote from: 1Referee on November 23, 2019, 05:08:01 PM

Quote from: Wexlike on November 22, 2019, 07:17:24 PM

In the end they'll blame as always China for the drop: https://uk.reuters.com/article/china-blockchain-shanghai/pboc-shanghai-hq-says-to-crack-down-on-cryptocurrency-trading-idUKB9N251022

Someone has to be blamed. Cheesy

I remember last year on the way down that every drop was linked to some type of event. We had South Korea fud, Japan's stricter regulations, then social media platforms banning crypto ads, ETF rejections, Goldman Sachs halting their trading desk plans (which was fake news), MtGox fud, governments cracking down on crypto, etc. There was no shortage of nonsensical reasons to blame for the fall in price back then.

I can't do anything but laugh at how stupid news outlets and a lot of people believing this nonsense are. If you don't know how to read a chart, you probably shouldn't invest in any tradable asset.

Humans have a tendency to try to find an explanation for everything, it is simply our nature, but for many it is difficult to accept that the most simple of the explanations is the correct one, the price went down because there was no demand for bitcoin, that's it and it is not really complex but they cannot accept it and they keep trying to find some sort of direct relationship between an event and the drop in the price, a relationship that doesn't exist of course but that they have no problem forming.

Quote from: 1Referee on November 23, 2019, 05:08:01 PM

Quote

Show me the charts, and I'll tell you the news.

-Bernard Baruch

I love short but powerful quotes.

Never heard that quote before but now I will never forget it.

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Quote from: viananda2525 on November 24, 2019, 07:55:06 AM

Quote from: cryptoangel on November 24, 2019, 06:13:26 AM

Quote from: Darooghe on November 24, 2019, 05:41:04 AM

I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable.

this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again.

They are already used to with this, whales take this opportunity as an advantage and manipulate the market but those who are helping them supporting them are investors if we will stop listening to them and trusting their news so we will never suffer loose. We still lack knowledge and whales take advantage of it, just keep holding.

STT

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Quote from: aardvark15 on November 25, 2019, 11:58:11 AM

Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.

Bitcoin isnt fractional, the base currency is a known quantity and fixed. The only real variable is the block reward and that is a known formula and readjusted regularly to stop blocks moving too fast. So all this base supply end is known, the dollar or FIAT production of money is often not known for sure and its tied to politics and desire for central government to finance itself so very much variable.
The reason that matters is primary dealers on government debt can get hold of newly produced FIAT dollars. So the biggest banks have an advantage over little people like you or me and even small business is worse off. I just dont think they can pull off the same tricks in BTC to short with BTC that doesn't even exist, not unless the exchange themselves is producing and accounting for BTC that they cannot honestly produce on demand. This why every year they encourage people to take all their BTC into a proper wallet and formal ownership not rely on promise to pay from centralised websites; that is a good idea tbh.
So I guess in conclusion we could say perhaps the market does have some possible air in the price short term but long term it should tighten up as BTC circulates and conforms to the fixed supply.

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Quote from: The Sceptical Chymist on November 25, 2019, 12:07:49 PM

Quote from: aardvark15 on November 25, 2019, 11:58:11 AM

Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.

I've wondered that myself, but how is the preev price (the one I look at most frequently) influenced by an exchange like Bakkt or another one where they trade futures? I don't have an answer to that, but I do know that the price of gold for example is determined exactly like that--paper gold being traded instead of physical gold.

Hard to really understand the amount when it is difficult to gather all data. I think the future markets are very important to the price direction. Watch us go up until Friday.

exstasie

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Quote from: The Sceptical Chymist on November 25, 2019, 12:07:49 PM

Quote from: aardvark15 on November 25, 2019, 11:58:11 AM

Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.

I've wondered that myself, but how is the preev price (the one I look at most frequently) influenced by an exchange like Bakkt or another one where they trade futures?

Arbitrage. Since Bakkt contracts are physically deliverable, they suck up real supply and demand from the spot market. Let's say Bakkt traders are extremely bullish and a strong contango/premium forms over the spot market. This should incentivize spot traders to buy on spot exchanges so they can sell on Bakkt = free money. That should drive spot prices upward to meet prices at Bakkt.

With cash-settled contracts, this mechanism doesn't exist. With the CME market, what is likely happening is institutional traders are shorting on CME and then selling on spot exchanges to realize profit on the CME side (and vice versa).

The Sceptical Chymist

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

I have no idea what you mean by the above statement. I'd really love it if you could clarify it.

Sometimes there's no reason why bitcoin drops like it does--same thing for when it rises. If you've been into bitcoin long enough, you'd come to expect stuff like this from time to time, i.e., wild price swings followed by periods of price stability. The smart traders or investors see massive drops like this as an opportunity to buy in, taking bitcoin off the hands of those who're panicking. The best advice you could get is at least not to sell right now.

Quote from: aardvark15 on November 25, 2019, 11:58:11 AM

Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.

I've wondered that myself, but how is the preev price (the one I look at most frequently) influenced by an exchange like Bakkt or another one where they trade futures? I don't have an answer to that, but I do know that the price of gold for example is determined exactly like that--paper gold being traded instead of physical gold.

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Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.

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Quote from: gabbie2010 on November 25, 2019, 01:36:09 AM

Quote from: watergold on November 25, 2019, 12:42:57 AM

Quote from: viananda2525 on November 24, 2019, 07:55:06 AM

Quote from: cryptoangel on November 24, 2019, 06:13:26 AM

Quote from: Darooghe on November 24, 2019, 05:41:04 AM

I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable.

this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again.

Yes, this is indeed an opportunity to buy, but I think the market downturn will continue for some time, a drastic decline that makes some people panic, but I do not know whether this is done by the pope or indeed from the downward movement of the market tends to go down, obviously we must see further market movements.

The most difficult aspect as of buying bitcoin at downturn is inability for a trader to predict where exactly the dip will end I also agreed that the down trend would continue thus a trader have to be careful when buying dip, the price might drop down to $6100 where a strong support might reject the price based on my own TA however this is just a speculation the price can rubbish it.

The price of $ 6100 is not happening, bitcoin has shown good results so I think the downtrend could have ended now and now bitcoin has addressed the pattern upwards maybe those who understand technical analysis will understand which way bitcoin will be good, because my prediction believes bitcoin will continue green from now on.

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I don't know about protest, but for me the possible cause can be that many Americans are leaving the market because of too much regulations implemented in USA, at least it's what I've perceived speaking with people from there.

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Quote from: watergold on November 25, 2019, 12:42:57 AM

Quote from: viananda2525 on November 24, 2019, 07:55:06 AM

Quote from: cryptoangel on November 24, 2019, 06:13:26 AM

Quote from: Darooghe on November 24, 2019, 05:41:04 AM

I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable.

this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again.

Yes, this is indeed an opportunity to buy, but I think the market downturn will continue for some time, a drastic decline that makes some people panic, but I do not know whether this is done by the pope or indeed from the downward movement of the market tends to go down, obviously we must see further market movements.

The most difficult aspect as of buying bitcoin at downturn is inability for a trader to predict where exactly the dip will end I also agreed that the down trend would continue thus a trader have to be careful when buying dip, the price might drop down to $6100 where a strong support might reject the price based on my own TA however this is just a speculation the price can rubbish it.

wildan88

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Quote from: watergold on November 25, 2019, 12:42:57 AM

Quote from: viananda2525 on November 24, 2019, 07:55:06 AM

Quote from: cryptoangel on November 24, 2019, 06:13:26 AM

Quote from: Darooghe on November 24, 2019, 05:41:04 AM

I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable.

this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again.

Yes, this is indeed an opportunity to buy, but I think the market downturn will continue for some time, a drastic decline that makes some people panic, but I do not know whether this is done by the pope or indeed from the downward movement of the market tends to go down, obviously we must see further market movements.

I read some news, it's related to whales throwing away thousands of bitcoin as a result of the token scammer. be careful if you want to buy every dip, it's better to buy in part, because it's quite scary reading some analysis bitcoin will dump to 3000 or can be further down.

watergold

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Quote from: viananda2525 on November 24, 2019, 07:55:06 AM

Quote from: cryptoangel on November 24, 2019, 06:13:26 AM

Quote from: Darooghe on November 24, 2019, 05:41:04 AM

I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable.

this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again.

Yes, this is indeed an opportunity to buy, but I think the market downturn will continue for some time, a drastic decline that makes some people panic, but I do not know whether this is done by the pope or indeed from the downward movement of the market tends to go down, obviously we must see further market movements.

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Quote from: cryptoangel on November 24, 2019, 06:13:26 AM

Quote from: Darooghe on November 24, 2019, 05:41:04 AM

I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable.

this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again.

cryptoangel

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Quote from: Darooghe on November 24, 2019, 05:41:04 AM

I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable.

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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.

1Referee

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Quote from: Wexlike on November 22, 2019, 07:17:24 PM

In the end they'll blame as always China for the drop: https://uk.reuters.com/article/china-blockchain-shanghai/pboc-shanghai-hq-says-to-crack-down-on-cryptocurrency-trading-idUKB9N251022

Someone has to be blamed. Cheesy

I remember last year on the way down that every drop was linked to some type of event. We had South Korea fud, Japan's stricter regulations, then social media platforms banning crypto ads, ETF rejections, Goldman Sachs halting their trading desk plans (which was fake news), MtGox fud, governments cracking down on crypto, etc. There was no shortage of nonsensical reasons to blame for the fall in price back then.

I can't do anything but laugh at how stupid news outlets and a lot of people believing this nonsense are. If you don't know how to read a chart, you probably shouldn't invest in any tradable asset.

Quote

Show me the charts, and I'll tell you the news.

-Bernard Baruch

I love short but powerful quotes.

STT

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Its the tail end of a bull whip effect, the last part of a sequence of movements achieves the fastest speed and is most noticeable but this has been building a while. Its probably best not to get scared when it was foreseeable and there is no real big negative underlying.

I tried to get explanation text for what I mean, I'm roughly talking about amplification of an effect. Like an avalanche I guess, BTC dumps now but it could be that we settle and come to an end also. Markets are ironic imo

https://www.instagram.com/p/Bo97TaUh_5v/?taken-by=ross_modern_metal

https://i.imgur.com/ILIxqC8.mp4

The end of bull whip cracks not through physical contact but because the very end is breaking the sound barrier and creates a miniature sonic boom. You can see how the start of a move is quite a small amount initially but the mass on the end of the whip is small, the relevance to BTC would be the price is not indicator of everything as the true weight to the market can be elsewhere. This is why we get spikes that dont hold.

figmentofmyass

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Quote from: gentlemand on November 22, 2019, 05:56:50 AM

China 'banned' Bitcoin AGAIN? - https://twitter.com/DoveyWan/status/1197807060877901825

I have always maintained that the less China there is the better. Nothing has changed. There aren't even any exchanges there to screw with any more.

apparently they plan to shut down small local exchanges that remained after the 2017 ban: https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

more than that, it sounds like they are planning to go after offshore exchanges too:

Quote

they will further regulate Trading platform whose servers are outside mainland but providing virtual currency trading services to domestic residents

TIDOVEE

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It should not be the protest that will result in the present dump. The dump is not new, it was experienced before the 2017 bullrun and it was not the internet service protest.
I believe it is a deliberate system of regulating the crypto price and inflation. It is part of the crypto currency character(Volatility). I don't agree that the bank is responsible for that too .

electronicash

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Why bitcoin is dumping? Is it because of protest?

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it.

millions of people will soon be rich when this is exactly what what will happen. the government do not want that. things can go wrong when in the community there are more powerful individuals.

the news says China is hunting illegal exchanges and there are several Chinese exchanges we don't even know here. i saw some since i have some Chinese coins that were added on these small exchanges.

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Quote from: Inkdatar on November 23, 2019, 03:07:29 AM

Quote from: shoreno on November 22, 2019, 10:50:11 AM

there was a thread lately that have been posted with a title why bitcoin will pump . the subject of that thread was only made of a single pic and no caption or addtional message whatsover but the pic shows that someone is protesting and there is a logo behind of a btc and a btc wallet address but why did the price of btc still goes down ? hmmm i think you right with your statement. we can just disregard the pic but the protest do also have thier own result .

This has nothing to do with the protest of why bitcoin is dumping. A lot of factors why these happen to decline this sudden price of bitcoin. Others are waiting for this opportunity to catch some btc at this price to accumulate. I also read that thread but let’s face the fact that bitcoin value is volatile and possibly we could see a bounce to surge it's price soon.

That protest topic was irrelevant to the dump of Bitcoin and I agree to you that there are lots of factors why Bitcoin price is dropping. It is not likely to dump forever so there's no need to worry, just invest at this low price before it gets too late. The price is slowly gaining as we speak about to this topic. It seems that $8k was too high for them to buy that's why they have to wait for this opportunity to come and here it is.

Visbay

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Quote from: goaldigger on November 22, 2019, 09:46:34 AM

Quote from: mersal on November 22, 2019, 07:03:03 AM

OP seems like you missed the basic knowledge about bitcoin,the prices are not controlled by anyone even if the Satoshi wants still not possible to do so then how banks can fix a fixed price for bitcoin for every three months? It will change for every second and there is no perfect price as well it will varies from exchange to exchange.

No fixed price anymore, everything will change in time and we have to accept that. Bitcoin is very volatile, its dumping right now because sellers are more powerful than the buyer, banks can’t handle such big transactions for a seconds its too impossible. So many negative news right now around the world, China is still a big thing in this market and we can feel it right now.

Yeah, you are right the price is actually dumping because of those who are selling their coins at panic. We know the price of bitcoin volatiles and we should take decisions according to the market moves if we will buy and sell at the wrong time then it’s not only lost for the market but it’s lost for us as well. That’s why we should keep the demand high I am sure soon the price will recover.

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Quote from: shoreno on November 22, 2019, 10:50:11 AM

there was a thread lately that have been posted with a title why bitcoin will pump . the subject of that thread was only made of a single pic and no caption or addtional message whatsover but the pic shows that someone is protesting and there is a logo behind of a btc and a btc wallet address but why did the price of btc still goes down ? hmmm i think you right with your statement. we can just disregard the pic but the protest do also have thier own result .

This has nothing to do with the protest of why bitcoin is dumping. A lot of factors why these happen to decline this sudden price of bitcoin. Others are waiting for this opportunity to catch some btc at this price to accumulate. I also read that thread but let’s face the fact that bitcoin value is volatile and possibly we could see a bounce to surge it's price soon.

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Quote from: Distinctin on November 22, 2019, 06:24:52 PM

It is too overwhelming if we saw the price reach to its peak but badly we easily get worried when it turns down.
I don't think that people could understand the situation cause many we're still worried and get surprised. But we can assure that there is a reason for this new bearish trend we have and may it helps to find https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend

Same emotions will take effect, it could be good or bad for whatever reasons it is. A person couldn't understand if he won't be open minded for any possible factors that triggers the dumping of bitcoin price, but I am confident that the market will gain another demands sooner. We may find that so hard for the main time, yet more new opportunities will come afterall.

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Quote from: pixie85 on November 22, 2019, 04:39:25 PM

Quote from: el kaka22 on November 22, 2019, 12:07:22 PM

I think it is dropping because right now we are at the exact "nothing fun happens" stage, we have no Bakkt this time,

We have Bakkt but it seems bakkt is not backed! They are going to launch cash settled contracts. They were supposed to be the only platform with bitcoin futures but that doesn't work for them so they are going to launch another CME: futures with no backing. It's probably because they aren't making money on their backed contracts.

Bitcoin is falling because of technicals and because of FUD. Great mix as always.

In the end they'll blame as always China for the drop: https://uk.reuters.com/article/china-blockchain-shanghai/pboc-shanghai-hq-says-to-crack-down-on-cryptocurrency-trading-idUKB9N251022

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It is too overwhelming if we saw the price reach to its peak but badly we easily get worried when it turns down.
I don't think that people could understand the situation cause many we're still worried and get surprised. But we can assure that there is a reason for this new bearish trend we have and may it helps to find https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend

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Quote from: el kaka22 on November 22, 2019, 12:07:22 PM

I think it is dropping because right now we are at the exact "nothing fun happens" stage, we have no Bakkt this time,

We have Bakkt but it seems bakkt is not backed! They are going to launch cash settled contracts. They were supposed to be the only platform with bitcoin futures but that doesn't work for them so they are going to launch another CME: futures with no backing. It's probably because they aren't making money on their backed contracts.

Bitcoin is falling because of technicals and because of FUD. Great mix as always.

el kaka22

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I think it is dropping because right now we are at the exact "nothing fun happens" stage, we have no Bakkt this time, the halving is a long time to go and there is absolutely no news to make it go up. So, right now there is no "reason" to buy bitcoin other than the fundamental reasons like we like it or we trust it or we believe it is a better version of money and what not, they are always there but nothing extra like a big news or anything goes around.

Hence, the sellers keep on selling but the buyers get less and less because people couldn't find a reason to buy bitcoin and the only ones left are long term investors and traders tbf, no hype, no media, no news. Surely it will past though, we were here just couple months ago and reached above $9k once more, we will do it again.

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Quote from: alyssa85 on November 22, 2019, 07:30:20 AM

Quote from: gentlemand on November 22, 2019, 05:56:50 AM

China 'banned' Bitcoin AGAIN? - https://twitter.com/DoveyWan/status/1197807060877901825

I have always maintained that the less China there is the better. Nothing has changed. There aren't even any exchanges there to screw with any more.

'China bans bitcoin' stories are used to trigger a small move downwards, which in turn triggers stop losses from those who are long, triggering a bigger move down.

In other words, stop loss hunting. Something that has been going on since 2013. Unfortunately bitcoin is illquid enough for this stuff to work.

Don't quote this twitter account it's the same that posted a video of the Chinese president saying Bitcoin is a scam, but it was a video from last year!
This is a fudster from China trying to start a panic and start a panic!

They also put out fud about chinese government raiding binance office in shanghai and CZ tweeted that they have no office! It's all fucking FUD just like in 2014 and 15.

shoreno

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there was a thread lately that have been posted with a title why bitcoin will pump . the subject of that thread was only made of a single pic and no caption or addtional message whatsover but the pic shows that someone is protesting and there is a logo behind of a btc and a btc wallet address but why did the price of btc still goes down ? hmmm i think you right with your statement. we can just disregard the pic but the protest do also have thier own result .

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Damn. The dump is just too much. Bitcoin dropped to a 4 week low. Like others have mentioned, the dump is definitely due to the news from China about regulations being tighter. What I don't understand is for a country to publicly show support for blockchain and cryptos only to look for ways to destroy it. Make no sense.

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

Not only you do not have knowledge about bitcoin it seems that you are lacking knowledge about basic economic principles, why do you think that we do not have fixed prices for anything? Because they don't work, every time in the past in which the government has tried to regulate how much something is supposed to cost they learn that they cannot go against the market forces and eventually they will force the hand of the government and the price will go in whatever direction the market wants.

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Quote from: mersal on November 22, 2019, 07:03:03 AM

OP seems like you missed the basic knowledge about bitcoin,the prices are not controlled by anyone even if the Satoshi wants still not possible to do so then how banks can fix a fixed price for bitcoin for every three months? It will change for every second and there is no perfect price as well it will varies from exchange to exchange.

No fixed price anymore, everything will change in time and we have to accept that. Bitcoin is very volatile, its dumping right now because sellers are more powerful than the buyer, banks can’t handle such big transactions for a seconds its too impossible. So many negative news right now around the world, China is still a big thing in this market and we can feel it right now.

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Quote from: mindrust on November 21, 2019, 04:53:18 PM

There is only one explanation which makes sense. People just don't want to buy from these prices. (I mean 8k and above) They prefer to wait for a lower price > the price tanks.

Protest lol. These are just FOMO who try to catch up by any means. Hoping for a changes that would be in their favor. And on the other hand, I am nor certain by means of manipulating dumping such. I just think it maybe 'cause by naturality 'cause the demand ain't higher by such time.

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I am pretty sure we are close to the bottom though. 6k would be the perfect price to catch the moon train for one last time if you already haven't.

Close yes. But still possible, and would get pass through to a price we expect would stay still. Or am I just hitting FUD here? But anyway, buy some while you can.

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Quote from: alyssa85 on November 22, 2019, 07:30:20 AM

In other words, stop loss hunting. Something that has been going on since 2013. Unfortunately bitcoin is illquid enough for this stuff to work.

Yeah. Aside from when it's bubbling this is pretty much the only game in town. I thought by this point there would be some real world stuff to take up some of the slack but it's the same as ever. It needs to be more than the thing that explodes briefly every few years followed by more years of nothing.

mosprognoz

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Why bitcoin is dumping?

End of the year =

1. People and companies have to pay taxes in fiat.

2. People and companies have to buy gifts (christmas, new year, e.t.c..)

3. China started to fight anything related to crypto. (There is still a communist government)

If we will reach $ 4000 barrier, than it's time to buy back again. I wrote about this scenario, but nobody was listening.

https://bitcointalksearch.org/topic/bitcoin-dump-5195639

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Quote from: gentlemand on November 22, 2019, 05:56:50 AM

China 'banned' Bitcoin AGAIN? - https://twitter.com/DoveyWan/status/1197807060877901825

I have always maintained that the less China there is the better. Nothing has changed. There aren't even any exchanges there to screw with any more.

'China bans bitcoin' stories are used to trigger a small move downwards, which in turn triggers stop losses from those who are long, triggering a bigger move down.

In other words, stop loss hunting. Something that has been going on since 2013. Unfortunately bitcoin is illquid enough for this stuff to work.

mersal

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OP seems like you missed the basic knowledge about bitcoin,the prices are not controlled by anyone even if the Satoshi wants still not possible to do so then how banks can fix a fixed price for bitcoin for every three months? It will change for every second and there is no perfect price as well it will varies from exchange to exchange.

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Why bitcoin is dumping? Is it because of protest?

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

It has nothing to do with protests.

The dump that we're seeing right now is completely natural and the correctionwas bound to happen due to market forces - the bearish sentiment was simply too strong for any real bullish momentum to build up to form a rally, especially when the psychological barrier of $10k remains unbroken.

Also, your suggestion about a bank fixing the price of BTC is ludicrous. That would simply introduce more problems that it would ever solve.

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Quote from: arwin100 on November 22, 2019, 04:23:02 AM

Quote from: Wysi on November 22, 2019, 04:08:25 AM

Quote from: dark08 on November 22, 2019, 01:26:44 AM

One reason people start selling their bitcoin that cause hard falling down, second because on what happen to binance theres many factor that consider this dumping the good thing that I can see in this scenario if you are long term holder and want yo buy bitcoin at lpw price then this is your chance to buy more.

Yes people selling bitcoin is panic does is causing more damage but there are other factors like whales manipulating the market just to fill their coffer with more bitcoin before halving. But this time I am not sure if it's really the whales who have dumped it or some other factor but bitcoin will recover sooner than expected.

I'm not sure if that's the case but somehow it maybe a little cause of the dump these days since for sure many people get affected on the current situation of the market but actually I'm still positive that there is a good outcome will happen on next month or maybe in next year since we should remember that halving still there and possibly it could bring a good impact in the dumping market these days.

For now I will monitor the market to spot the correct timing on when to get in and earn when pump came Grin

.

Maybe the correct timing was too hard to see when it could come back at good times. Earning while it pumps, is a great experience for everyone but we still need to wait for several times before we reach our aims. Hopefully the perfect one will be not hard as previous days that all of us struggled to face such circumstances while waiting for it.

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there is a bull trap for this reason bitcoin is dumping ; halving is a support of bitcoin; if you see past halving the prices rose much ; same thing will happend next halving or there will be huge pump too . dont sell your bitcoin to new investors for cheap because of fear dump . bitcoin will rise next month because there is investors who love bitcoin always

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China 'banned' Bitcoin AGAIN? - https://twitter.com/DoveyWan/status/1197807060877901825

I have always maintained that the less China there is the better. Nothing has changed. There aren't even any exchanges there to screw with any more.

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Quote from: Wysi on November 22, 2019, 04:08:25 AM

Quote from: dark08 on November 22, 2019, 01:26:44 AM

One reason people start selling their bitcoin that cause hard falling down, second because on what happen to binance theres many factor that consider this dumping the good thing that I can see in this scenario if you are long term holder and want yo buy bitcoin at lpw price then this is your chance to buy more.

Yes people selling bitcoin is panic does is causing more damage but there are other factors like whales manipulating the market just to fill their coffer with more bitcoin before halving. But this time I am not sure if it's really the whales who have dumped it or some other factor but bitcoin will recover sooner than expected.

I'm not sure if that's the case but somehow it maybe a little cause of the dump these days since for sure many people get affected on the current situation of the market but actually I'm still positive that there is a good outcome will happen on next month or maybe in next year since we should remember that halving still there and possibly it could bring a good impact in the dumping market these days.

For now I will monitor the market to spot the correct timing on when to get in and earn when pump came Grin

.

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Quote from: dark08 on November 22, 2019, 01:26:44 AM

One reason people start selling their bitcoin that cause hard falling down, second because on what happen to binance theres many factor that consider this dumping the good thing that I can see in this scenario if you are long term holder and want yo buy bitcoin at lpw price then this is your chance to buy more.

Yes people selling bitcoin is panic does is causing more damage but there are other factors like whales manipulating the market just to fill their coffer with more bitcoin before halving. But this time I am not sure if it's really the whales who have dumped it or some other factor but bitcoin will recover sooner than expected.

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your speculation and your opinion, there is no effect of the price of bitcoin falling at this time, if I look at the current price of bitcoin has not really fallen below $ 5k, because if below it will certainly make the price of bitcoin continue to fall, but I feel waiting for buying support below $ 5500 - $ 6000 will drive the price of bitcoin higher, but I don't think the price is really below $ 7000

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One reason people start selling their bitcoin that cause hard falling down, second because on what happen to binance theres many factor that consider this dumping the good thing that I can see in this scenario if you are long term holder and want yo buy bitcoin at lpw price then this is your chance to buy more.

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If you're here long enough you'll realize the ups and downs are perfectly normal for Bitcoin and all cryptocurrency markets. People are just waiting for bitcoin prices to drop to buy. I think $ 7k will be the bottom of this drop, if Bitcoin drops to $ 7k I will buy some more.
I think the government will not regulate the cryptocurrency market because they don't like Bitcoin, most even want the crypto market to die. Others plan to launch centralized coins managed by the central bank.

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Why bitcoin is dumping? Is it because of protest?

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

Do you mean Hongkong protest? I don't think it affects crypto cause Hongkong has never had major exchanges that could trigger such a trend( down).

Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

May possible but for now, and despite market competition this downfall experience, volatility remains strong and wild. Can't figure out what is really happening causing its falls.

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Regardless of what the reason of the crash would be doesn't matter, as long as you will never ran out of patience you'll surely wont be lossing any buck.

Also, governments doesn't have any connections with how the market moves or can control the price. Not even the whales can always steer the price towards the direction they want to.
So, can we just a bit positive, as we can accumulate in a lower figure while we approaching the Halving in 2020.

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand

I have no bloody idea how you became a member when you don't even know that BTC is a decentralized form of crpyto. Like bruh, seriously? That concept was established from day 1 and here you are saying that banks could fix the price of BTC.

Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

Dude do you even know what you're saying right now? BTC's volatility enables it to be a part of market trading. And market trading has always been about taking others' money by buying and selling. You're basically asking for BTC to be stopped trading. A reason such as there's altcoins to trade instead? You should've just stated that BTC can go die off now.

Quote from: DashingAgent on November 21, 2019, 05:04:02 PM

by the way bank may fix the price for 3 months period for the people who want to exchange bitcoin for fiat money. I think it is happening, there are many blockchain banks.

My brain is being killed help. They can't change BTC price whenever they want, banks don't bloody own BTC.

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I think that people are selling to buy again in the end of the year or the very beginning of 2020 to acumulate coins and be prepared to the halving
For me this is the only logical explanation to explain this actual fluctuation

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Why bitcoin is dumping? Is it because of protest?

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

If you let bank’s control Bitcoin then its not decentralised anymore. One factor that made it so volatile because due to its very low liquidity I mean were talking about global population that use Bitcoin in the present day. If adoption grows massive about half of the worlds population it could potentially somehow stabilise the price.

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Quote from: DashingAgent on November 21, 2019, 05:04:02 PM

Many banks have been entered to the cryptocurrency, I think they may open the branches for blockchain, where they may control the deposits and withdrawals i,e if someone opens his account through any bank, he may keep the bictoins on that banks wallet like he keeps it in the blockchain wallet, then banks may charge a little fee, by the way bank may fix the price for 3 months period for the people who want to exchange bitcoin for fiat money. I think it is happening, there are many blockchain banks.

Is this your made up idea or any stupid around you gave you the idea?
When I can have control of my coin then why would I seek a bank to keep by coins LOL
It's not weekend yet but seems like you are drunk early.

Quote

I think they may open the branches for blockchain

Quote

if someone opens his account through any bank, he may keep the bictoins on that banks wallet

Quote

banks may charge a little fee

Quoted for fun LOL

Quote

I think it is happening, there are many blockchain banks.

Where? Can you provide some example?

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If Bitcoin is dumping, it only means one thing, more people are selling than buying. It could be due to a reaction of a news or update, something similar or it might just be just another day in the market where there were more sellers than buyers. The retracement was expected since the 30% pump recently. If there's something else making the price dropping faster than usual, we'll get to know in due time.

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Quote from: BitcoinGirl.Club on November 21, 2019, 04:53:58 PM

Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

Bank to fix the value of bitcoins?
Government to decide who to take control of bitcoins?

Man how long you are in the space?

Do you think bank own the bitcoins?
Do you think bitcoins born to follow the set of rules the government imply?

It's not fiat shit that there will be central power and they will control it. We are talking about 10k+ nodes.

Many banks have been entered to the cryptocurrency, I think they may open the branches for blockchain, where they may control the deposits and withdrawals i,e if someone opens his account through any bank, he may keep the bictoins on that banks wallet like he keeps it in the blockchain wallet, then banks may charge a little fee, by the way bank may fix the price for 3 months period for the people who want to exchange bitcoin for fiat money. I think it is happening, there are many blockchain banks.

BitcoinGirl.Club

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Quote from: DashingAgent on November 21, 2019, 04:47:37 PM

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

Bank to fix the value of bitcoins?
Government to decide who to take control of bitcoins?

Man how long you are in the space?

Do you think bank own the bitcoins?
Do you think bitcoins born to follow the set of rules the government imply?

It's not fiat shit that there will be central power and they will control it. We are talking about 10k+ nodes.

mindrust

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There is only one explanation which makes sense. People just don't want to buy from these prices. (I mean 8k and above) They prefer to wait for a lower price > the price tanks. I am pretty sure we are close to the bottom though. 6k would be the perfect price to catch the moon train for one last time if you already haven't.

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So many books, so little time

Why bitcoin is dumping? Is it because of protest?

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

Topic: Why Bitcoin is dumping? (Read 724 times)