Bitcoin Forum

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It would be profitable for day traders to sell now and buy after the flash crash.
The flash crash won't last for long so traders need to be quick.

The market is testing a new resistence level. Perhaps tomorrow they find it and from there it can go up... or down..

I wouldn't consider this a crash because there are many info about bitcoin's price. China is buying BTC so the price went up so fast that people become fear that this will be the next bubble  so they will try to sell back. Just need some time for bitcoin to be stable ;D

Don't tell me you have just bought some bitcoins @@ this is not a good time to get some

I think many people just follow the increase and thought it is going to the "moon". I guess we will soon go back to $230-250.

In this moment it is about 360. So in continue decrease. I think it will not have power to stay in the levels in which it was these days. Lets hope that will remain at the beginning level. It is so strange see this kind of thing to have such kind of behaviour. Seems like a game in the hands of an capricious child which made with bitcoin what he want and according to him's humour. One day more than 500 us dollar. Two days after about 300 us dollar. When it will be sustainable this currency?

when is the good time if not near the bottom which is 230? no sign of fall below 200

this is the best time to get some, not the opposite, or you're waiting again when we reach 1k

This.

I got used to BTC being volatile but $200 price difference in 2 days is really too much. I hope this ends soon cause I dont want crypto to be the home of speculators. We ll never get wide scale adoption with that.

This just proves how unpredictable bitcoin can be

Sometimes you win some and you lose some

It went up a little bit just now, it's at 364 as I'm posting this

My guess is that many people have just taken the profits when they saw that it won't continue climbing after $500 and they saw that it dropped to $400. Also, many people that have bought above $550 - 600 in the last bubble have sold to cut their losses when they saw that the climb won't continue after $500 and that we initiated the descend.

It's not good for gaining trust. People want a stable currency, not a ping pong currency with so much volatility. Lose 40% of the value in less then a week is terrible and it prevents BTC gaining mainstream attention.

Too bad...

If the price is stable, people complain about the price that is not moving fast enough. If the volatility is quite heavy like it is now, people will complain that the price is not stable enough. People simply don't know what they want, so they keep complaining anyway.

I don't know... I am just thinking that the price is not stable yet and this may be a big bubble so we must consider it carefully

It seems to be recovering again. This volatility s gonna end when too many people hold BTC for one guy or a group of people to be able to affect the price.

I think we'll see the prices fluctuate for at least a couple of days and hopefully they'll stabilize above $300.

This is what I think will happen in the next few weeks. That amount seems to be a stable price. It went up to much too fast for anybody to handle it.
Hopefully by the end of the year we will see a steady incline again but not so quickly this time around.

What was wrong with BTC @ 230 USD.. nothing

BTC continuously moving up very fast or down is a sign of a immature currency which creates distrust and tention..

...and some quick profits ;)

I wouldn't really call this a flash crash but extreme price fluctuation. It hasn't stabilized for the last 48 hours and I don't think it will for the next 48 either

Not really a flash crash. It's more a chain reaction of people selling hoping to not lose too much on their investment. Flash crash is very deep and very short. It mostly recovers very quickly afterwards.

$350 is a very strong resistance, i dont think it will break any time soon

Well you were correct on that mark. It is the end of the day here and it has stayed at that mark and holding there for the last 2 hours.
Now just have to wait until morning to see if your prediction of that rise will actually happen.

It's weekend and to be honest I don't expect any action now.

Coming week could be important to see the new future for the price.

Will we bypass 400 usd again? Or will the 350 resistence be challenged or even broken..

At 7:30 AM in Beijing my full node exploded. The 370-380 wall is being broken, but only when the large sells are filled and then it will creep back towards 372-375. I think this may be the wall for the next couple of days, unless there is some good/bad news.

https://i.imgur.com/njjMgcf.png

Volumes don't seem unusually high, so hopefully this week we hit the resistance wall and then we can gauge which direction to go.


Ufo

Expect volatility! Any time there is a big swing in prices (either down, or in this case, up), there are flash crashes, adjustments, corrections, and whatever else you want to call them :)

Now its stuck in 360s . Sooner or later its price is going to go way beyond expectations.

we are at the beginning of a new week ;D let's see where the price will go ;D it is 380 right now... pretty stable I think

Or you can sell now and buy back tomorrow when the price stabilizes. The Chinese are likely to drive the price down soon.

I think that the price is quite stable right now ;D fluctuating from 360~380. This must be the new bitcoin's price for a while in my opinion

You were exactly right, no action what so ever this weekend.
It is still the same this monday morning at $380ish.

Flash crash in bitcoin land it 50% at least.  Looks like we could be on another climb to retest the highs of $500 sometime this week.

more like a correction, because we wen too far away with the last pump, and too damn fast, it was expected, because going beyond 500 would mean reaching the ath

Don't think it will go lower than $300

I think it'll stay at around 300, hopefully it will go higher

I'll be content if it stays around 300 but here's to hoping

True. I would suggest sell now and buy tomorrow when the price is low.. As it is bound to be up again in a few days. Not a flash 'crash' as such but more of a 'correction'. Why not take full advantage of it.

OP nailed the 380 number, this seems like the new floor, it just keeps fluctuating 10 dollars up and down around there. Either someone wants to keep it on there, or it has found a naturally new stable price. As predicted, we are making progress (coming from the last floor which was around a 250 dollar average)

If someone doesn't get nervous enough to dump huge amount and start a panic dump. I hope this won't happen though. People have bad enough taste of this 2 year drought and I am just afraid they are not a but trigger nervous!

The volatility is really big issue. It makes very difficult for businesses to start using Bitcoin. The exchanges and merchant service providers impose limits on merchant accounts, and the merchant accounts unable to cash out their Bitcoins in a larger quantity. Until this problem is not solved most businesses will stay away from Bitcoin.

it's funny because the only thing that can fix volatility is more merchants joining the party and accepting bitcoin, but they are not joining because of the volatility...

Just patient. As time goes on, there will be more people knowing about bitcoin and they will buy bitcoin so that price will rise. The price rise will attract more people and increase bitcoin acceptance by merchants.

It's holding but not reaching the $400 barrier. if it does not go past the $400 it will probably go down and stay a bit above $300. But I'm confident that next year we will see some real rise.

Yes, I have the same thoughts as you. It will and must get up since bitcoin is getting more famous everyday.
I hope there will be a time when everyone knows about btc.

yeah. because of the price increase and drop, there's a lot more awareness about bitcoin and we basically get free publicity for more members

There is strong resistance at 350. And 350 is a nice rate to end the year.

The market seems a bit indecisive. We haven't broke our support at $350 which indicates we aren't bearish, but we are not really Movi h up either.

It is pretty unusual for Bitcoin to stay stable after a long bear market and a following surge in price.     

Since we don't have any reason to be bearish though, I do expect the bull market to soon resume full throttle. Not sure what we are waiting for though.

yes you are right it has been on 380 the past few day
but really it is not flash crash as we are still up from 250 :)

Yes I think that is no longer considered a flash crash because the market is quite stable now and we will be unlikely to see many changes in bitcoin's price this week in my opinion

The price is still over $300. That is higher than a month ago. The price dropped from $500 to $350. It took several days. There is no flash crash.

You can see yesterday trend it was dropped from 380 to 340 and today not even a single increasing trend makes it to go 310 by this time. This is actually a flash crash, i think it will only stopped at 200 mark.

i believe they were aiming at 300 since the beginning, but they pumped more to get some fish in and suck their little badget

if we hold the 300 at least it should increase again in the future to 500

300 is a psychologically important level. If the price stay around $300 for a few months, then the push to $500 or even higher is possible.

If the price will remain at 300 us dollar I think that it is not a big achievement. It is only to have the possibility to tell that the last increase was not like the normal ones did by bitcoin during all its story. But a little better. But just a little is not something important. The beginning price before the increase reached that amount two or three times so it is not a big thing if it will be stabilized there. It would been another thing if would be remained around the 380 us dollar as it was for 4-5 days. In that case we were able to tell that bitcoin has made a step ahead; as a currency and as a hope for the big future wondered by all of us.