Bitcoin Forum

In the last few weeks and months when the price gets to over $240 there is usually a dump to $220. It seemed like a whale was dumping the price to keep it at that level. But now there has been no dump. What is happening?

What are you talking about?

Since April it touched $220 on exactly one day, June 1.

We had our dump today. All the way down under $260.

It may get dumped further but don't expect it to go below $250.

$220 is a pipe dream. I know you'd love to buy some more cheap coins (we all would) but $220 is just wishful thinking. Get a grip on reality.

sunday : 3400 BTC
monday : 4400 BTC
tuesday : 6200 BTC

On Kraken only ...

NO DUMP ! when you have more demand than supply per day ... but, after, perhaps.  ;D that's why i'm ready with low buy order.

why not dump? youre crazy lol.

why not hold, because a whole country is needing to move their money, like greece for example. And other future countries that follow in its category if it ever does happen.

the trend is changing a bit toward more demand and less dumping, i suspect even miners are holding, if they do not need to pay urgently their huge bills

and what did you think , that we would be forever to 220, or sub 200?, don be fooled by those fud and trollers, there is no sub 200, the bottom was there, in front of your eyes for months, prepare for a rally now, hopefully a steady one

see, as of today bitcoin price is coming towards 250dollar mark . And acc. To my calculations on weekends the bitcoin price goes up and at mid of the week it goes down again. And there is a major factor that more and more countries are adapting bitcoin, so it's price will fluctuate very much.

There might not have been a dump to 220 but it's dropping to the low 250s. I expected a minor correction to the pump but didn't expect it would drop this low so quickly. One thing that worries me is the buy wall on Bitfinex has small regularly spaced steps from 235 to 250. They look artificial to me, like a bot's work, and if that's true they could be removed in less than a second.

Patience, the dump is coming, it will take us back to 220$, and then later below 200$.

This is it. Crypto is done.  :o

I see 220 coming. After that stepping out sideways of the (now breached log downtrend). Significant rise not before September.

https://i.imgur.com/3Rucy1C.png

because whales hold his bitcoin, i see more green ( buy) in this https://bitcoinwisdom.com/markets/bitstamp/btcusd

My prediction hard dump will we see at price 300$ :)

I think a major price fluctuation is happening due to Greece default hype. The fluctuation is usually high during the weekends and a little stable during the mid week. I think it is nice that the price seems to be a little stable, let the weekend happen, I think there might be rise in price. Lets hope for best

Tadaaa. And it will continue to crash back to 200-220 the upcoming days.
I hope finally some of you will wake up now and realize this is nothing more than the latest whale pump-n-dump.

Haters gon' hate.

https://i.imgur.com/B5QbK2v.jpg

it isn't crashing as long as it remain above 250, and inside the new consolidate range which is 250-275

so if we do not return to the previous floor(220-240/250) we are fine, anyway the Grexit hype is over so a small return to the previous mark was expected

I wouldn't call it a dump. It's more or less like a price adjustment after a rally. If you compare that with the foreign exchange market I believe you are basically seeing the same thing happening all the time.

when was the last time we saw 200 ? it would be pretty hard to see 200 looking at the order books there nets to be a hold lot of dump to make that happen.

Because there are a big walls on bitfinex

Because maybe people are bored of taking 10 USD profits per coin. The halving is next summer, if you buy BTC at 250 USD why do you want to sell on a mini pump to 260-265? The price will probably go to at least 400-450 next summer because of the halving & that's not even allowing for Gemini opening, ETF regulation etc.

My advice is to HODL your BTC for at least 2-3 years, see where the price goes. I really doubt it's going to go down much if at all. BTC is gaining more exposure, more positive media coverage. I wouldn't sell 1 satoshi at this price, I'm dreaming of way bigger. There will be no huge dump now, not from this price.

agree with you, maybe now who holding bitcoin get boring when he/she look price in chart. we need some fresh price guys, so holding your bitcoin that will help bitcoin price

Bitcoin is more popular than ever, it will be used eventually. So the price will react accordingly.

too many people are waiting for a drop as it has been happening so many times before. large traders know that. or more people are bullish now. that's also possible.

It's because we are seeing something that we didn't see for a long time: optimism.

If you dump, you have to study the sentiment of the community. If there is fear or despair, you can short with high returns because also other hodlers will sell.

If there is optimism growing, it's not that easy, because many will pick up "da cheap coinz", and your short will have no or only a minimal ROI.

Because it's only a matter of time when it doesn't happen again and instead of a dump you get a panic buy.

well, it looks like the movement of bitcoin is more dominated by the issue of existing factors, if yesterday the Greek issue will probably be a new issue, or as usually bitcoin will trun price slowly

why no hodl?