$698 according to finex and as always a bit less (692) at stamp!
so i think it was some kind of panic sell and possibly manipulation by the whales or maybe even exchanges themselves because it was temporary and i don't see anything that is remotely related to this.
I am sad now because i missed it though ;(
Topic: Why the sudden crash now? - page 3. (Read 1938 times)
There is nothing strange in this price drop,happens all the time especially when there are some special events like presidential elections in US which couse pump to 740-750$.Now price is drop to 690$, but it seems to be slowly recovering and it is expected that it will again reach 700$.
This is a good time for traders,50$ price difference in a few days brings a very nice profit.
This is a good time for traders,50$ price difference in a few days brings a very nice profit.
Comparing the price one year earlier, I don't think that bitcoin price crashed. There maybe some minor dumps but I see bitcoin is still holding at 690 USD, maybe its new floor before pushing to 800 USD by the end of the year. Whale manipulation is another angle but it has been around since forever.
Natural adjustment of markets everywhere following election results. Wouldn't mind seeing 670 again before climbing up.
okay, so I wasn't missing anything important then, it's just a natural progression from Trump winning the presidency. I can take that as the cause for the btc price falling. It's actually more than $10 loss in value, btc was up to around 740 before it started its down leg. And, I didn't think we'd see it go under 700 this year. I'm sure it will go back up.
and why is no one here talking about it?
i came here to ask the exact same thing because i have not seeing any kind of news lately that can cause such drop (although it is only $10-$12 and it is not much of a crash) but still breaking the $700 was not seen by me!
i guess it is a good chance to buy if anyone had missed the train before though!
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.
and why is no one here talking about it?
Price manipulation by whales most likely, it's not a new thing.
No one is talking about it now because no one really knows what happen. Some said it would go back up but some said would go down further. 50/50. Good luck for those who are still holding.
and why is no one here talking about it?
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