Good News but Price drops ?

[byteberry]

Hello everybody,

In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down

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[byt411]

The price has never been stable. What are you talking about?
It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down.

[byteberry]

The price has never been stable. What are you talking about?
It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down.

It was months stable ever about 480 to 500 euro.
Never heard for BitLicense

[Brooker]

The price has never been stable. What are you talking about?

Exactly. Welcome to the unpredictable world of bitcoin. Sometime there's no logic in it, but I wouldnt concern myself with what the price is today or tomorrow but where it and bitcoin is going to be in the future.

[byt411]

The price has never been stable. What are you talking about?
It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down.

It was months stable ever about 480 to 500 euro.
Never heard for BitLicense

No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669).
Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all.
Never heard of BitLicense? You must've been living under a rock, please read the news.

[byteberry]

The price has never been stable. What are you talking about?

Exactly. Welcome to the unpredictable world of bitcoin. Sometime there's no logic in it, but I wouldnt concern myself with what the price is today or tomorrow but where it and bitcoin is going to be in the future.

I know that it is not stable, sorry I mean it different than I he wrote it. What I really mean is that it was Months between 480 and 500 Euro.

Just read about BitLicense, but sorry NY that is shit

[franky1]

Hello everybody,

In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down

this happened in october.

what you are finding is that popularity is rising. but the cost of mining is rising too. and ill explain the chain reaction

right now miners and investors who bought at $600 are pulling out their bitcoins and hoarding causing a volume drop. this means the investors who are using day trading buy,.. risking their stash to buy (usually keeping price up by creating buy walls) are not there.

and although volume has shrunk, the fall in price has not been big. in october we seen the $125 turn into below $100 (forgive bad memory)
this was when ASIC mining started and miners were seeing higher electric costs, so were not gonna sell at a loss, thus pulling out coin... like now.

that was a 20% drop (which if done today would see $650 turn into $520).

ok so there are some dumb people selling, but as we can see its a slowwwww movement which i dont see a problem with. because what comes next once the dumb investors have ran out of btc to sell. is that they will buy. and then even they should have realised their initial losses to not sell again at a loss, causing even them to hold.

then as i said there is less and less bitcoin to sell. meaning buyers will have to start eating up the sell wall, causing a price rise ( a price correction atleast. and they wont sell for a loss, so new buyers will continue to buy the increasing sell order prices..

one thing is for sure, if your waiting for bitcoin to be $1-500 think again, id treat this as the moment you buy in below $600 before it starts to go to $700-$1000 soon.

but thats my opinion

[byt411]

The price has never been stable. What are you talking about?

Exactly. Welcome to the unpredictable world of bitcoin. Sometime there's no logic in it, but I wouldnt concern myself with what the price is today or tomorrow but where it and bitcoin is going to be in the future.

I know that it is not stable, sorry I mean it different than I he wrote it. What I really mean is that it was Months between 480 and 500 Euro.

Just read about BitLicense, but sorry NY that is shit

Yep, and some whales got scared and dumped around 1000 BTC on the markets. And no, it wasn't months between 480 EUR to 500 EUR either.

[byteberry]

The price has never been stable. What are you talking about?
It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down.

It was months stable ever about 480 to 500 euro.
Never heard for BitLicense

No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669).
Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all.
Never heard of BitLicense? You must've been living under a rock, please read the news.

I don't have every day time to read the Bitcoin news. I also have a life between NYC and Europe, so it is not easy to be every day online

[keithers]

That seems to be the going theme lately.   I guess it could be looked at both ways...it could mean that there are going to be less and less knee jerk reactions to news in the market.   It will be interesting to see if we still say stable on pricing if we are hit with some legitimate bad news.

[byt411]

That seems to be the going theme lately.   I guess it could be looked at both ways...it could mean that there are going to be less and less knee jerk reactions to news in the market.   It will be interesting to see if we still say stable on pricing if we are hit with some legitimate bad news.

Actually, more companies accepting Bitcoin can cause the price to go down, since they basically just sell all the bitcoins they get paid via Coinbase or BitPay. So yeah, it might be that too.

[Baitty]

It might seem stable because it hasn't taken many drops/falls recently but that's just a illusion. there will be plenty more drops and rises otherwise I really do fear for Bitcoin.

[ensurance982]

It's unpredictable at times. And we're now experiencing regular market movements. It's just another day in the crazy world of the Bitcoin price. News like Dell accepting Bitcoin are great, but aren't some magical event that makes us go to the moon in an instant!

[Kprawn]

Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.

Please provide evidence of this whale dump. Thanks.

[ensurance982]

Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.

Please provide evidence of this whale dump. Thanks.

The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price.

[Nerazzura]

The price has never been stable. What are you talking about?
It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down.

It was months stable ever about 480 to 500 euro.
Never heard for BitLicense

No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669).
Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all.
Never heard of BitLicense? You must've been living under a rock, please read the news.

Bitcoin is a currency that has NOT stable and volatile. Bitcoin often experience extreme price volatility in a short time. Each exit news will affect the price in the market. Just like in the stock market. For expert traders who can take advantage of this opportunity to make a profit.
For those not familiar and new still plunged in the bitcoin world would be a decrease in the price shock that occurs at this time
  According to our past experience,

In December 2013 bitcoin down from $ 1250 into $ 460. Decreased by approximately 63% within 2 weeks.

The decline was triggered when the Bitcoin price lid mtgox.com bitcoin exchanger that used to be exhanger bitcoin BIGGEST in the world and the banning of bitcoin in Russia.

[byt411]

Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.

Please provide evidence of this whale dump. Thanks.

The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price.

It's might not be obvious, but we have proof that someone dumped a ton of btc.



1. Around 4k-5k BTC dumped, pushes price to $591.49.
2. Around 2k-3k BTC dumped, pushes price to $575.80.
3. Arond 2k-2.5k BTC dumped, pushed price to $568.05.

There were more dumps on various exchanges, but i'm too lazy to look at that.

[Lethn]

Looks like an initial sell off before a big price rise to me, probably someone profit taking, it often happens note how there's a double bottom forming you have to wait and see whether it levels out now.

[oceans]

The price of bitcoin is always raising and lowering again, it's the way it goes. What matters is what the future holds and how bitcoin can become more well known and more used by other businesses. I personally myself would love to see bitcoin used a lot more, the price it stands as does not concern me right now.

[odolvlobo]

Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.
Please provide evidence of this whale dump. Thanks.

The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price.

It's might not be obvious, but we have proof that someone dumped a ton of btc.
1. Around 4k-5k BTC dumped, pushes price to $591.49.
2. Around 2k-3k BTC dumped, pushes price to $575.80.
3. Arond 2k-2.5k BTC dumped, pushed price to $568.05.
There were more dumps on various exchanges, but i'm too lazy to look at that.

Kprawn is right to be skeptical. There is no way to know by looking at those graphs if the volume was due to one person selling or a thousand people selling. You need data showing what orders were filled, and that might not even be enough.