wtf is happening? btc drop - page 4.

numismatist

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Quote from: sbtctalk on September 12, 2016, 09:53:35 AM

Quote from: btcguys910 on September 11, 2016, 02:36:58 PM

Quote from: thenakedemperor on September 11, 2016, 02:33:43 PM

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

Stay calm. It is only a paper loss. If you are feeling nervous, you can sell your btc to members here. members here will be glad to buy it.

Stay cool.

Exactly. Panik beeing the worst advisor. The Halving Effect still beeing due, I would load up small heaps instead. Christmas time beeing the better point for sales.

sbtctalk

sr. member

Activity: 266

Merit: 250

Quote from: btcguys910 on September 11, 2016, 02:36:58 PM

Quote from: thenakedemperor on September 11, 2016, 02:33:43 PM

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

Stay calm. It is only a paper loss. If you are feeling nervous, you can sell your btc to members here. members here will be glad to buy it.

Stay cool.

Cast12

sr. member

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You should've expected this to happen since bitcoin price is volatile, but hey, at least the price is at 600+ at preev rate now. Hopefully it won't crash again, but I'm not hoping for anything.

Denker

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Quote from: btcguys910 on September 11, 2016, 02:36:58 PM

Quote from: thenakedemperor on September 11, 2016, 02:33:43 PM

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

As long as you haven't sold any coins it is just a book loss!!
The same the other way around. When people are freaking out because we jumped for instance $200 per coin and they are saying I have some nice profits this is wrong as well because it's just a book win if you haven't sold.
People finally need to understand that.

Johnyloco

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Quote from: sbtctalk on September 12, 2016, 09:18:27 AM

That is the norms. If it doesn't go up or down wildly then we should worry.

Yes thus i think Andreas is telling the truth here you know. i mean, it always goes up and down like this

sbtctalk

sr. member

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That is the norms. If it doesn't go up or down wildly then we should worry.

Johnyloco

full member

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Maybe large holders will move into trusted altcoins during these periods of uncertainty like Andreas mentioned

NewInCryptoCurrency

sr. member

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Off course do you think that the bitcoin will only rise no that is not right becuass he can also drop as you can see the price of the bitcoin will circle around the 600 for now.

isoneguy

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shitpost much?

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Quote from: Xenophoto on September 12, 2016, 04:43:24 AM

What is happening? What is happening is that somebody just sold a lot of coins and that made the Bitcoin price drop. That's nothing but a common thing since there's a lot of rich people involved in bitcoin trading. It's not shocking that it rose up to 628$ and then now it's just 608$. We should actually be grateful because the previous pump made us rise from 540-560$ into 600-620$. Atleast we were able to witness an actual movement.

Do you have proof that a single person have the abillity to influence the price shift that much? Is there any evidence on a exchange to substantiate this claim? People who have been in the Bitcoin scene for a long time, will know that price volatility is part of the game now, and have been for years.

We do not panic, when the price drop within these margins, because we know it will bounce back and recover in the long term. Pull the graphs and you will see what I mean. ^smile^

Xenophoto

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What is happening? What is happening is that somebody just sold a lot of coins and that made the Bitcoin price drop. That's nothing but a common thing since there's a lot of rich people involved in bitcoin trading. It's not shocking that it rose up to 628$ and then now it's just 608$. We should actually be grateful because the previous pump made us rise from 540-560$ into 600-620$. Atleast we were able to witness an actual movement.

1Referee

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Quote from: bitlancr on September 12, 2016, 02:56:59 AM

I have a theory about why it's dropping. I think it is because we have seen quite nice price increase the last few weeks. This causes people with a big share to sell cause they will hold most profit from that. If you sell alot of bitcoin then the price goes down, so probably we are seeing this circle happening right now.

I think it was more an attempt to trigger stop loss orders. If the plan worked out well, then we could have gone to very low $500's. Either way, the price has seen a good +$30 dump in a matter of minutes.

maku

legendary

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Quote from: thenakedemperor on September 11, 2016, 02:44:12 PM

poor thing, I lost 5k

Because of what? If you sell your coins now and you won't rebuy it then you will lost it. If you still have them, then you lost exactly zero.

Listen, everyone. It is normal market behaviour, it is called consolidation, and usually happen before HUGE leap. Prepare for something amazing.

This time we will see maybe $900 - this is your LAST call to buy!

bitlancr

hero member

Activity: 616

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I have a theory about why it's dropping. I think it is because we have seen quite nice price increase the last few weeks. This causes people with a big share to sell cause they will hold most profit from that. If you sell alot of bitcoin then the price goes down, so probably we are seeing this circle happening right now.

Qunenin

hero member

Activity: 966

Merit: 506

Quote from: JITENDERPAR3 on September 11, 2016, 06:50:34 PM

Quote from: thenakedemperor on September 11, 2016, 02:33:43 PM

why is it dropping like that???SD{}FDS{:

here today from 10-15 hours we find that very sharp up and down its prices goes to above of $628 and then in the present time when i see the price is only $606 its really a very bad time for those who hild btc like and me .

A $50 flotation is not a nightmare and is nowhere near unheard of. This what the stock market calls a "shock of calm waters" reaction. It is based on nothing more than the lack of drama creating more drama.
Bitcoin and other cryptos are nearly completely fueled by opinions and mood, rumors and news.

23dzmaz

sr. member

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Well, i already expected the price of bitcoin dropped. Luckly i already sell all my bitcoins at the high price. Actually i don't know what happen to bitcoins price, but i already expected that and now, i will wait to buy bitcoin again.

dunfida

legendary

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Quote from: btcguys910 on September 11, 2016, 02:36:58 PM

Quote from: thenakedemperor on September 11, 2016, 02:33:43 PM

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

Well thats part of the risk on investing on bitcoin since we really dont know on what would be the price of bitcoin in upcoming hours or days. One things for sure on bitcoin sudden price drop maybe lots of holder have sold their bitcoin when the price hits $630 which causes the price is lowering now.

infofront

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Shitcoin Minimalist

Quote from: uN-ann on September 11, 2016, 11:11:06 PM

Maybe large holders will move into trusted altcoins during these periods of uncertainty like Andreas mentioned

A lot of bitcoin enthusiasts have been moving into Monero, for sure. Roger Ver recently mentioned he bought a lot.

Carlsen

hero member

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I think too that there is nothing to worry about, 5% volatility of bitcoin is normal.
What's interesting is that nearly all major altcoins lost value as well.
Maybe somebody is pulling off his resources from the crypto market.

uN-ann

member

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Official Avalon Team

Maybe large holders will move into trusted altcoins during these periods of uncertainty like Andreas mentioned

Topic: wtf is happening? btc drop - page 4. (Read 4543 times)