Topic: Why the sudden crash now? - page 2. (Read 1938 times)

Nothing to make panic about..It's just slight correction in.the price but I think things will be on.the track soon. If some huge incident don't happen, like big exchanger hack or something similar, the price will go up again. Just have patience.

Someone in country are doing dump in bitcoin and other currencies it doesnt mean that bitcoin will be going in the fall of bottom line and it is a part of bitcoin it will decrease and it will increase. If bitcoin will still increasing then there no thrill at all in trading to trade bitcoin into another currencies.

Maybe because for now the slight pull back could still be considered a correction which is normal in most markets. This should be the time to look for points of entry. I personally have buy orders ready at $650 - $680 just in case we see the price go back to those levels.

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.

That's just a matter of perspective

Yes, bitcoin price fluctuates frequently and I think no need to worry since ut is not very big dip. As of now I think it recovers already. If you have bought during the  fluctautaions,you earn noe Well, that is trading...

Its already back at $700+ now...

It's pure manipulation. Due to the lack of actual buyers, whales decide to make a bit fun by shaking out noobs every now and then. This shouldn't come as a surprise though. I think it's just a matter of time before we start going closer to the $650 levels this month. I don't even rule out another $600 test this year. I am ready for it.

pump+dump

No one is talking about it now because mod delete all bad posts   

I don't know about the rest of you guys but I am up 22.75% this quarter alone....

I'm pretty happy with that and I know more is coming soon so thank you btc  

I think this is simple.  The whales just reap their profit  .  Well they should because of the sudden increase this past few days.  It seems that the whales are having a good profit, first on the fake rumor about the China's Capitalization control on Bitcoin, then the rise of BTC price after Trump wins, and now they cashed out dumping down to $680+.  So I think after they have scooped the the target BTC, the price will go up again.

I think it may go a little lower, but once this hits the oversold condition, you will see a recovery. If you do not have experience with trading, better hold.

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.

This is just a normal price decrease but i saw in preev that the price is increase back again and i think some investors are not patiently waiting for more price increase .. and i think we will experience this decreases this is just like the same as last year fluctuate happen..

Honeymoon period. Folks in the market are mainly happy because Republican Senate/House is saying 'tax cuts'

But wait for it. With 40% of the population pissed off about the results. (would work vice versa) and Trump as President

it is only a certain amount of time for the next f*ck up or snafu.....

Problem is it is quite easy to dismantle a lot of gov't services and decrease taxes mainly at the top....but the 2nd step

of what and how much to replace the system you've just replaced usually costs more $$$ in the short run (at least in business)

before the long term benefits of them upgrades (assuming they work) come in to play.

In politics, that is where it all breaks down for either party. They can't come thru on the 2nd part of the plan nor keep a budget/ or task on how much

$$$ to toss at it for the change over....and hell when all is said and done an your particular party/re-election/donor needs are met...why sweat the

next step...when you can spread FUD and such and try to blame the other party or whatever scrape goat seems appropriate

With one party rule however and overwhelming over ride power by the Senate/House...gonna be hard to shift blame and FUD on the Democrats
they have no power at all. In fact the majority of states have Republican Governor's and legislatures....so again Chump or Champ the next 2 years
if there is turmoil ...no place to duck

so again wait for it ..it is a one wheel cart ......sailing down a hill.....just a matter of time ...and BTC will rise as a safe haven.

*unless other FUD on trying to ban bitcoin..which would not be possible but hey makes for great politics and press all that FUD on tiny BTC
rather then dwell on REAL WORLD big problems. It  is all a magic trick folks promise much/deliver little/add some misdirection of FUD ..blame etc...then
Rinse/Wash/Repeat*

But again the above 'whirly gizmo' always blows up often in a spectacular fashion...thus I'm holding BTC still. This too shall pass.

I felt the price would remain stable at 730 due to the US elections but it seemed it was just a pump for a day and then it's dropping. Even though US dollar price is increasing, it has no effect on the bitcoin price. The number of users paying via bitcoins in China and US also are less these days which may be a reason.

It seems to be an expected fall in price, because bitcoin has been developed in such a way that after continuous increase price fall happens which is expected to get stabilized and reach a intermediate between the maximum price from which the price started decreasing and the price around which the price stabilises with minor fluctuations to reach a good price.

I think that today was a normal movement of bitcoin price.
Bitcoin went down a little, now it's getting back up a little, I see nothing special in that.
It's still bitcoin we are talking about here. Those fluctuations are in its nature.
Besides, it's weekend.

the sellers are the manipulators itself, manipulators are not only those that pump but also dump to make profit from the buyers, they just instigate the buyers to buy, with a low volume pump then they dump to take everything, and the price return to the first point, it's not hard to understand

We are talking about it but topics that tryvto point out flaws in bitcoin or the manipulation on the market are being removed.

The main reason i assume is either that the manipulators stopped for a bit or can't keep up with all the selling pressure as a result of the elections that promise to be disastrous for any crypto.
Add to that people are learning more and more about all the flaws in bitcoin and solutions of superior coins.