my theory is that this dip that we are seeing in the past couple of hours is a testing of the buy supports and possibly there are some bear whales that are trying to see if they can do one final push down on the market and get their way. will they be successful? i give it a 20% chance.
i also think that the altcoin dumps, specifically the Ethereum panic dump that has started recently because of the new ICO bans is causing a lot of money to exit the market and we all know it always runs away through bitcoin and crashes its price.
Topic: Wtf Guys!?! - page 3. (Read 844 times)
I mean I had my fair share of bumps in the head when it comes to holding cryptos... But really, right when you think it's gonna be ok, a dump happens. It's like the trading gods are saying: 'Nah-aaaahh'. 
i think someone is definitely controlling the price otherwise it will not swing like this. even someone wants to dump a big amount ..... why don't they auction it?
By this time and after all what happened in these past 6 months i guess such dips doesn't surprise me anymore and have become a sort of a ritual that happens each week . I have had a talk with a friend when btc was dropping to 13k and i told him we should stop looking at charts and numbers if it goes down to 9k and stop all trading activity , and that's what i have been doing to avoid the mini heart attacks all the time ..
Small bulls and big bears are in the market now. It is hard to keep holding in this market state.
Why is it hard? It costs zero effort to adjust your mind and accept the market we're in. I have said it before, the thing with crypto is that regardless of how much the price has gone down, it will go down far lower if the momentum is there. Momentum works in both up and down direction -- last year we experienced the up direction and this year we're going down. Peaks were no peaks because the price kept going higher and currently bottoms are no bottoms because the price keeps going down more. There is little room left for backup at this point -- $5999 means we're going down way lower....
I think this is what they call sort of a "dead cat bounce", and the bump we just saw that took the price up to $68XX was just that, a bump in an otherwise downward trend. It's crazy, because I woke up and looked at bitcoin and we're now at $6181. That's one hell of a drop in less than a day.
Luckily I'm not an active trader and don't own that much bitcoin. And this is the main reason why--volatility and unpredictability. But I imagine there are traders getting their asses handed to them left and right. Hopefully (lol) bitcoin won't go much lower. I have my fingers and toes crossed.
Luckily I'm not an active trader and don't own that much bitcoin. And this is the main reason why--volatility and unpredictability. But I imagine there are traders getting their asses handed to them left and right. Hopefully (lol) bitcoin won't go much lower. I have my fingers and toes crossed.
The cryptos market can be surprising. Everything can happen in 24 hours. I am not going to panic in my basement because there is a 10% down in the market. When you survived to 40% down you can survive to anything lol.
With the summer holidays, I wonder what we will get
With the summer holidays, I wonder what we will get
Small bulls and big bears are in the market now. It is hard to keep holding in this market state.
I mean I had my fair share of bumps in the head when it comes to holding cryptos... But really, right when you think it's gonna be ok, a dump happens. It's like the trading gods are saying: 'Nah-aaaahh'.
Haha yeah, it's weird. Bitcoin had another leg down despite the good news(?) coming out from Mt.Gox bankruptcy proceedings.Quote
In other words, Mt. Gox's bitcoin holdings will not need to be sold, as has been happening, but can instead be distributed on a pro-rata basis. This means that future creditors may receive more than $440 per bitcoin (a value that comes from the price of bitcoin at the time bankruptcy proceedings began), a possibility that has previously been a source of controversy.
https://www.coindesk.com/mt-gox-crypto-bitcoin-exchange-creditors-win/No more Bitcoin sell-off and a big win for creditors, why does the market react negatively to this?
Edit: Oh turns out there's a bad news coming at the same time, also from Japan https://cointelegraph.com/news/japan-hits-6-more-crypto-exchanges-with-business-improvement-orders
"BUY THE DIP GUYS!"
"THIS IS THE BOTTOM GUYS!"
"WE ARE ENTERING A NEW BULL MARKET!"
So, how did that work out? LOL
Here's a quick fact. People in the real world don't want your fantasy imaginary money that can be hacked at any moment and offers no privacy whatsoever.
"THIS IS THE BOTTOM GUYS!"
"WE ARE ENTERING A NEW BULL MARKET!"
So, how did that work out? LOL
Here's a quick fact. People in the real world don't want your fantasy imaginary money that can be hacked at any moment and offers no privacy whatsoever.
The market will only panic when we dip below the $6000 mark.
In that case the first next bottom to be tested hovers around $5500 which will turn out to be a great short term dip to buy. If that one doesn't hold either, the next dip to buy is $5000 but let's first see how $6000 copes with the pressure. I am still confident that it will hold despite it only requires one dump to break it instantly.
If it breaks, we can be sure of the fact that the demand has decreased to such degree, that those playing the markets don't have any problems shaking it up or down with minimum resources.
$6150 at the time of writing.
Can't see the bump, 1 btc still 1 btc on my book
I maintain my negative view of BTC price, until we can see mass adoption of crypto-currencies
The decline may last till next year. Since so many BTC believers have this deep-rooted belief that the BTC price will spike towards the end of this year, the BTC winter is coming and will teach the zealots a hard lesson.
My advice, if you have BTC then HODL. But if you have alot of BTC then perhaps its time to laddering-sell.
If you looking to buy / long, then don't do it. Time is not right yet.
The decline may last till next year. Since so many BTC believers have this deep-rooted belief that the BTC price will spike towards the end of this year, the BTC winter is coming and will teach the zealots a hard lesson.
My advice, if you have BTC then HODL. But if you have alot of BTC then perhaps its time to laddering-sell.
If you looking to buy / long, then don't do it. Time is not right yet.
One thing, if you want to be a hodler, don't look at the price every day 
That.I no longer bother to check the price. All my 'price updates' happen when I browse through news sites. In other words, if I don't browse through news sites I won't even know what the price is.
The price doesn't even matter when I buy my monthly or bi-weekly Bitcoins with a fixed amount of money as part of my accumulation process. Dollar cost averaging will make sure I end up doing well anyway.
I can somewhat understand why people get upset about the price going lower, but there is no need to exaggerate the situation. The current range of $6000-$7000 is obvious and pretty firm.
The market will only panic when we dip below the $6000 mark.
One thing, if you want to be a hodler, don't look at the price every day
You are right, But peoples are always expecting a profit not a loss so day by day they will check the market. But next year we will get good results in crypto market. So we should keep holding for long run we will earn profit. But traders always monitoring in crypto market so it is affected in all the peoples.
To the point where the dump that happened again is much worse than the previous one. We all be like "Oh shit! here we go again" 
. I've experienced a lot of this and to be honest, I'm not that sensitive about the price anymore, I'm used to this now. Just trust in your investments like you did in the first place. Everyone is going though some shits with their investments and it is only up to us how to handle each of them.
. I've experienced a lot of this and to be honest, I'm not that sensitive about the price anymore, I'm used to this now. Just trust in your investments like you did in the first place. Everyone is going though some shits with their investments and it is only up to us how to handle each of them.
It seems to me that those who hoped to do nothing and live all the time due to the increase in bitcoin prices this year got a cold shower. Bitcoin is a currency that you need to be able to earn. I hope now will be less willing to hold coins in the wallet. They will get a movement and we will see the use of bitcoin in trading. This will bring more benefits than speculation.
One thing, if you want to be a hodler, don't look at the price every day
But really, right when you think it's gonna be ok, a dump happens.
THIS! I feel yaah.You know what? it's gonna be okay.
Bitcoin is still on $6k mark so there's no need to worry. Where's the dump? no there's no dump, it's still fine, we're fine.
Putting my hopes until December.
I agree with you, that at this moment we should do with a last and calm, with any prices that occur except when experiencing an increase, because now when we calm down and find out more than the economic and treading we are actually more fortunate because we know crypto earlier than anyone else, and the experience now will be the record of all crypto participants worldwide to be more patient and calm. as a result we are not alone everyone feels the same, remain calm and successful for us all
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