Topic: Why did BTC drop to $570 level? - page 2. (Read 4315 times)
just time to buy more BTC.
I will hold simply because I don't like to risk my btc, sooner or later the price will recover so I don't care for drops 
You don't care but in this way you are wasting some potential gains.
I know that playing the market is risky but if you try with a small amount of coins you can have some fun while building up some experience.
because it was just a china pump, btw the chart of the august 2013 was like that of this year?, i don't remember if it was that stagnant or not
Still dropping, $565 right now.... time to sell or hold?
"All of this has happened before, all of it will happen again."
Nullius addictus iurare in verba magistri, – quo me cumque rapit tempestas, deferor hospes.
Any long-term chart this not logarithmic is useless.
I will hold simply because I don't like to risk my btc, sooner or later the price will recover so I don't care for drops
Still dropping, $565 right now.... time to sell or hold?
"All of this has happened before, all of it will happen again."LOLwut?
Nullius addictus iurare in verba magistri, – quo me cumque rapit tempestas, deferor hospes.
You don't really believe this do you?
Still dropping, $565 right now.... time to sell or hold?
"All of this has happened before, all of it will happen again."Nullius addictus iurare in verba magistri, – quo me cumque rapit tempestas, deferor hospes.
Still dropping, $565 right now.... time to sell or hold?
I personally say sell, and I'm a long time hodler, but you must make your own decisions.
I think I'll be able to buy back lower, but that's just my opinion; I could very well get taken for a ride, and have to buy back at a loss.
I think everyone's watching very closely at the moment.
Still dropping, $565 right now.... time to sell or hold?
It depends on a lot of things: When you bought, how many coins you have, what you can afford to lose, how you react emotionally to losses, etc.
What was the average price you paid for your coins?
Still dropping, $565 right now.... time to sell or hold?
I think this is manipulation. Someone is just trying to crash the market by withdrawing their FIAT to the sidelines. Now everyone is panicking and they can buy in at a lower price. Proactively shorting the market, if you ask me
how about:
most investors / big players / vcs / early adopters / are selling / spending and leaving bitcoin, now everyone is panicking and catching on, bitcoin goes final capitulation crash soon
or you just want an excuse / fake hope for the crashing price?
If we reach final capitulation, we can start building up a decent price again! It's not as if it's the end of bitcoin. I know you keep spreading that theory, but may I ask since when you're involved with Bitcoin?
...
I think this is manipulation. Someone is just trying to crash the market by withdrawing their FIAT to the sidelines. Now everyone is panicking and they can buy in at a lower price. Proactively shorting the market, if you ask me
I think this is manipulation. Someone is just trying to crash the market by withdrawing their FIAT to the sidelines. Now everyone is panicking and they can buy in at a lower price. Proactively shorting the market, if you ask me
You may call it manipulation, but it's a normal market behaviour. They will be buying at a lower price, of course, but this may happen when
the ask side will be about twice what it's now and the price about half. In a bear market (or a medium term downtrend), who dumps first, dumps best!
Increased seller pressure. Having a look at the bid sum / ask sum ratio at Bitstamp, and then the question
should be 'why did it take so long?', with the answer 'because of hodling'.
should be 'why did it take so long?', with the answer 'because of hodling'.
I think this is manipulation. Someone is just trying to crash the market by withdrawing their FIAT to the sidelines. Now everyone is panicking and they can buy in at a lower price. Proactively shorting the market, if you ask me
how about:
most investors / big players / vcs / early adopters / are selling / spending and leaving bitcoin, now everyone is panicking and catching on, bitcoin goes final capitulation crash soon
or you just want an excuse / fake hope for the crashing price?
Increased seller pressure. Having a look at the bid sum / ask sum ratio at Bitstamp, and then the question
should be 'why did it take so long?', with the answer 'because of hodling'.
should be 'why did it take so long?', with the answer 'because of hodling'.
I think this is manipulation. Someone is just trying to crash the market by withdrawing their FIAT to the sidelines. Now everyone is panicking and they can buy in at a lower price. Proactively shorting the market, if you ask me
Since lately supply is higher then demand.
Hahah, yeah isn't that the standard assumption or explanation when the price goes down. Everyone just keeps saying that the price is being determined by supply and demand. And I guess it's right, but there's gotta be a reason for why the supply went up or the demand just went down, man!
Most worrisome to me is that this drop is caused by very low volume. Less than 9k btc.
For an individual that's a lot but at the beginning of this year we had 30-50k btc trading volumes.
For an individual that's a lot but at the beginning of this year we had 30-50k btc trading volumes.
Umm, could you tell me exactly where the volume is decreasing? http://data.bitcoinity.org/markets/volume/2y?c=e&t=a&volume_unit=btc People always claim it is, yet all the available data seems to indicate that it just isn't true!
Since lately supply is higher then demand.
Most worrisome to me is that this drop is caused by very low volume. Less than 9k btc.
For an individual that's a lot but at the beginning of this year we had 30-50k btc trading volumes.
For an individual that's a lot but at the beginning of this year we had 30-50k btc trading volumes.
Could be a short term double bottom, we should look out for resistance at $540 now.
We're about to break the quintuple bottom at $562 or where it is exactly. Could be a good thing If we confirm it, but it also may turn out for the worse. We could be destroying a long term support line here!
1. People get scared.
2. They panic sell.
3. More people get scared.
4. Back to 2.
I suspect most is coming from early adopters that were thinking to become multi millionaires fast but their dream is falling apart now and they panic sell to get what they can before it's too late.
2. They panic sell.
3. More people get scared.
4. Back to 2.
I suspect most is coming from early adopters that were thinking to become multi millionaires fast but their dream is falling apart now and they panic sell to get what they can before it's too late.
so should you, sell before you still can gain something
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