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

Crash? What crash?!? Yeah USD is crashing abandon ship!

726$ on btc-e.com right now. Mega green dildo showed up. Any valid reasons for the pump? (other than bitcoin being so awesome)

$745....

fluctuation that we needed to take advantage nothing is new just need to be more furious regarding how to play with the current status.

You're right. Nothing out of the ordinary is happening at the moment or happened recently, so these are regular fluctuations.

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.

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.

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.

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.

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..

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.

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.

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.

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

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. 

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

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.

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.

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.

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.

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.

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.

$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 ;(

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.

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.

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.

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?