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Topic: Why the sudden crash now? (Read 1938 times)

legendary
Activity: 3276
Merit: 2442
November 16, 2016, 08:11:31 AM
#50
Crash? What crash?!? Yeah USD is crashing abandon ship! Cheesy

726$ on btc-e.com right now. Mega green dildo showed up. Any valid reasons for the pump? (other than bitcoin being so awesome)
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
November 16, 2016, 08:08:39 AM
#49
Can you please show me where there is a crash? We are down 0.25% for the day, down 0.75% for the week, up 10% for the month, and up 200% for the year.

That's just a matter of perspective Smiley
Exactly. So for everyone crying when bitcoin is value is dropping by $15 - just stop it. Bitcoin is quite stable and strong ATM.
Unless we will see some huge negative news like: major exchange hack or China restricting bitcoin then we don't have to worry about price.
Just don't panic.

You're right. Nothing out of the ordinary is happening at the moment or happened recently, so these are regular fluctuations.
fluctuation that we needed to take advantage nothing is new just need to be more furious regarding how to play with the current status.

$745....
hero member
Activity: 1302
Merit: 540
November 16, 2016, 02:24:56 AM
#48
Can you please show me where there is a crash? We are down 0.25% for the day, down 0.75% for the week, up 10% for the month, and up 200% for the year.

That's just a matter of perspective Smiley
Exactly. So for everyone crying when bitcoin is value is dropping by $15 - just stop it. Bitcoin is quite stable and strong ATM.
Unless we will see some huge negative news like: major exchange hack or China restricting bitcoin then we don't have to worry about price.
Just don't panic.

You're right. Nothing out of the ordinary is happening at the moment or happened recently, so these are regular fluctuations.
fluctuation that we needed to take advantage nothing is new just need to be more furious regarding how to play with the current status.
member
Activity: 84
Merit: 10
November 16, 2016, 02:13:47 AM
#47
Can you please show me where there is a crash? We are down 0.25% for the day, down 0.75% for the week, up 10% for the month, and up 200% for the year.

That's just a matter of perspective Smiley
Exactly. So for everyone crying when bitcoin is value is dropping by $15 - just stop it. Bitcoin is quite stable and strong ATM.
Unless we will see some huge negative news like: major exchange hack or China restricting bitcoin then we don't have to worry about price.
Just don't panic.

You're right. Nothing out of the ordinary is happening at the moment or happened recently, so these are regular fluctuations.
legendary
Activity: 2898
Merit: 1823
November 16, 2016, 01:16:14 AM
#46
Welcome to the world of bitcoin to those people who thinks that, let's say $20 price decrease, is now considered as a price crash. Whatever that Trump shit thing reason that's why the price decrease is not a big deal after all. As long as we are still on closer to $700 then it's better.

Minimize the intake of coffee instead while playing with the bitcoin price so that no worries will be popped out immediately in people's mind. Also take note that crypto traders are meant to take profits at their own will of a certain price.

I believe the high volatility and the quick price fall down is also because of the stoplosses getting hit making the price go down further and starts another cycle by hitting another stoploss. Like dominoes falling one by one as they say. Also the reverse is making it difficult for Bitcoin to go up in price also because as the price goes up, take profit sell orders are then executed making the price stagnate for a little while unless there is a really huge buy market order from a whale.
legendary
Activity: 1246
Merit: 1000
November 15, 2016, 06:20:51 PM
#45
Welcome to the world of bitcoin to those people who thinks that, let's say $20 price decrease, is now considered as a price crash. Whatever that Trump shit thing reason that's why the price decrease is not a big deal after all. As long as we are still on closer to $700 then it's better.

Minimize the intake of coffee instead while playing with the bitcoin price so that no worries will be popped out immediately in people's mind. Also take note that crypto traders are meant to take profits at their own will of a certain price.

This is the problem when there are more day-traders than long term investors talking about the price. $20 move might result in windfall gains (or wipe you out) if you are a leveraged day trader. For hodlers, it is hardly substantial.
hero member
Activity: 714
Merit: 500
November 15, 2016, 04:32:35 AM
#44
I don't see these sudden ups and downs as surprising event because this is normal and of routine changes in Bitcoin prices. I am economist but since I am in Bitcoin have seen many things and can say according to my understandings Bitcoin is trying to make a floor at around $ 700 so there need stability which only manipulation and sudden ups and downs bring after what weak hands shorts.
legendary
Activity: 3010
Merit: 1280
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November 15, 2016, 04:31:49 AM
#43
Welcome to the world of bitcoin to those people who thinks that, let's say $20 price decrease, is now considered as a price crash. Whatever that Trump shit thing reason that's why the price decrease is not a big deal after all. As long as we are still on closer to $700 then it's better.

Minimize the intake of coffee instead while playing with the bitcoin price so that no worries will be popped out immediately in people's mind. Also take note that crypto traders are meant to take profits at their own will of a certain price.


Actually your right fuds are just fuds and its happening that satisfied traders are dumping and buying, its actually happening on bitcoins what can we expect for? As long as we can still get huge profits at this current price rate well their no way to get panic, price is not submerging down and it remains to the strongers point of stabilizing state, surely price will go and continue to soar after a little dump, it is the bitcoins nature men.

if someone define about bitcoin as currency, it is said that it is digital form of currency, peer to peer and decentralized.  Next to that is the high volatility of its price.  The ups and downs or build up and crash of bitcoin price is normal. If someone is still not used to it then maybe this time they should.  For me there is no news here.  We are all aware that bitcoin price swings, increase, decrease then correction.  Probably it is so because of the fuds as you stated and fake rumors so that whales can scoop cheaper bitcoins.
hero member
Activity: 924
Merit: 1001
November 15, 2016, 04:05:14 AM
#42
Welcome to the world of bitcoin to those people who thinks that, let's say $20 price decrease, is now considered as a price crash. Whatever that Trump shit thing reason that's why the price decrease is not a big deal after all. As long as we are still on closer to $700 then it's better.

Minimize the intake of coffee instead while playing with the bitcoin price so that no worries will be popped out immediately in people's mind. Also take note that crypto traders are meant to take profits at their own will of a certain price.


Actually your right fuds are just fuds and its happening that satisfied traders are dumping and buying, its actually happening on bitcoins what can we expect for? As long as we can still get huge profits at this current price rate well their no way to get panic, price is not submerging down and it remains to the strongers point of stabilizing state, surely price will go and continue to soar after a little dump, it is the bitcoins nature men.
That price of bitcoin few days ago when the crash happen it just a normal like other said some traders are satisfied what is the price right now and this is part of buy and sell result or whales that can attract people to sell bitcoins if the price is stay in the good price just like now we have a good price increase to $712 and soon it will decrease again back for trading purposes only that also demand and supply is affect that is why the price of bitcoin is increase or decrease its not stable..
For now if you are a trader you need to sell and buy soon in order to make profit right now but don't sell it all because we don't know if the price of bitcoin will continue to increase so that you can be still make profit if the price will continue to increase..
legendary
Activity: 2758
Merit: 1228
November 15, 2016, 03:57:20 AM
#41
Welcome to the world of bitcoin to those people who thinks that, let's say $20 price decrease, is now considered as a price crash. Whatever that Trump shit thing reason that's why the price decrease is not a big deal after all. As long as we are still on closer to $700 then it's better.

Minimize the intake of coffee instead while playing with the bitcoin price so that no worries will be popped out immediately in people's mind. Also take note that crypto traders are meant to take profits at their own will of a certain price.


Actually your right fuds are just fuds and its happening that satisfied traders are dumping and buying, its actually happening on bitcoins what can we expect for? As long as we can still get huge profits at this current price rate well their no way to get panic, price is not submerging down and it remains to the strongers point of stabilizing state, surely price will go and continue to soar after a little dump, it is the bitcoins nature men.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
November 15, 2016, 03:36:37 AM
#40
Welcome to the world of bitcoin to those people who thinks that, let's say $20 price decrease, is now considered as a price crash. Whatever that Trump shit thing reason that's why the price decrease is not a big deal after all. As long as we are still on closer to $700 then it's better.

Minimize the intake of coffee instead while playing with the bitcoin price so that no worries will be popped out immediately in people's mind. Also take note that crypto traders are meant to take profits at their own will of a certain price.
sr. member
Activity: 294
Merit: 250
November 15, 2016, 03:35:43 AM
#39
Boone is talking about it cause of not even more of us noticed this. I am not following bitcoins price every day, only once a week when it's the time to get payment from my campaign. As I saw the price gone down not so much just lost 10$ or something, but maybe for bitcoin it's much, for me it's not. I am satisfied with bitcoins price upper than 700$ very good.
hero member
Activity: 868
Merit: 501
Chainjoes.com
November 15, 2016, 03:32:46 AM
#38
and why is no one here talking about it?

bitcoin price is dynamic not static and stable
this now nothing big news and big issue can bitcoin down
so this now only dynamic price after price up and then can corection price so bitcoin can down

not only bitcoin but all cryptcoin price is dynamic can up and down
hero member
Activity: 742
Merit: 500
November 15, 2016, 03:23:44 AM
#37
Was just to scare people that are not firm and will sell at any price dip, only to make the big whales have profit

Like me

Oh really? you are a big whale. So why are you telling this kind of thing if really you are, I mean this is the scenario what whale always want to happened and they will never boast this strategy or their profit because there profit might stop. From the manner of your statement, i'm not believing on you, But if you show the address of your asset that full of BTC maybe i'm wrong.  Grin
legendary
Activity: 1834
Merit: 1009
November 15, 2016, 03:04:41 AM
#36
Was just to scare people that are not firm and will sell at any price dip, only to make the big whales have profit

Like me
legendary
Activity: 1946
Merit: 1007
November 14, 2016, 04:53:34 PM
#35
Every price rise needs a correction because eventually the day traders are going to cash out on their few % of profit.

This action will cause a cascade to happen and positions to be closed, which willl lead to a temporary drop in price.

Nothing to worry about, just keep doing what you planned and don't look at the daily graphs too much.
hero member
Activity: 616
Merit: 603
November 14, 2016, 12:40:44 PM
#34
The gap in downward trend is narrowing and seems to be more stagnant rather than a hard push downwards. The possibility of the downward trend could be because of political electoral results and possible decrease in buyer pressure. According to the Moving averages for 1 week it seems that the price does have good support at about 690 USD and it has risen from there and is hovering at about 699 to 700 USD at present. I'd expect a rise if buyers tend to long and supply is constant.
legendary
Activity: 1652
Merit: 1088
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November 14, 2016, 11:51:07 AM
#33
People were thinking that the world was going to en if Trump got elected for president US, and so there was a hype in bitcoin and gold. It pumped, then we are seeing the world hasn't ended, and people are selling. It will recover soon. Also, when Trump gets inside the white house and starts pushing his policies, people will realize Trump is not kidding, this will pump gold and bitcoin for sure.

The dollar is rising, that's why bitcoin fell back.

As for Trump's policies - infrastructure building tends to accelerate economic activity if the renewed infrastructure alieviates choke points. So if the economy does well as a result, the dollar and interest rates will continue to rise and bitcoin will fall back further.

Might be worth taking some profits.
legendary
Activity: 1134
Merit: 1598
November 14, 2016, 10:59:54 AM
#32
We have seen the price spike when Trump has been chosen. People went fast to buy Bitcoins because when you are in danger you have to look for safe stuff. People felt in danger because the manipulating media always showed us the bad side of Trump, but it's not bad at all and now the price 'is chilling' down a bit. We'll see a rise in the next month probably.
legendary
Activity: 1442
Merit: 1016
November 14, 2016, 10:56:21 AM
#31
Because there is nothing support for a higher price I would say.
We moved up due to Trumps elections and as market realized it won't be that bad everything normalized.
However we are still doing really good.
To me it was clear we won't leave the 700 range that easy.This old resistance from june and july and therefore we will need a bit patience.
I mean we have senn this a hundred times now. A new other indicators may play a role ad well.For instance the block size isue and XT.
But I'm relaxed and see no reaon to be worried. If we can't continue moving up this year anymore it will happen next year.
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