Bitcoin Forum

Economy => Speculation => Topic started by: Minecache on June 21, 2016, 02:11:26 PM



Title: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Minecache on June 21, 2016, 02:11:26 PM
Down 13% in the last 24 hours.

Seems my prediction was incorrect and the post-halvening crash* has been brought forward a couple of weeks.

* use the word 'correction' if you are a BTC shill Spoetniktard and find it more palatable.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: cryptonfly on June 21, 2016, 02:20:34 PM
Down 13% in the last 24 hours.

Seems my prediction was incorrect and the post-halvening crash* has been brought forward a couple of weeks.

* use the word 'correction' if you are a BTC shill Spoetniktard and find it more palatable.

Don't Make Waves :)


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: BitBerau on June 21, 2016, 02:22:37 PM
Damn, lucky I bought some waves before the price corrects..
Isn't the crash because of bitfinex issues?


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Minecache on June 21, 2016, 02:27:05 PM
Damn, lucky I bought some waves before the price corrects..
Isn't the crash because of bitfinex issues?
What are the issues? Not another MtGox?


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: alyssa85 on June 21, 2016, 02:41:55 PM
Damn, lucky I bought some waves before the price corrects..
Isn't the crash because of bitfinex issues?

I think both bitfinex and BTC-E got DDoSed and people panicked. Hopefully sensible people were taking profits as the price climbed, and had trailing stops on the rest.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: spartak_t on June 21, 2016, 02:44:20 PM
Isn't the crash because of bitfinex issues?

Bitfinex was down for ~4 hours.

I think both bitfinex and BTC-E got DDoSed and people panicked. Hopefully sensible people were taking profits as the price climbed, and had trailing stops on the rest.

The price on BTC-e dropped to $614.....


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: shanem on June 21, 2016, 02:46:28 PM
Btc dropping is just profit taking. It is not strange to see such volatility in the price of bitcoin. I remembered during the early years of bitcoin, the price went down by a lot. People were saying that bitcoin was 'dead'. I don't see any coin replacing bitcoin at the moment so it will continue going up.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: spartak_t on June 21, 2016, 03:15:04 PM
John McAfee on YT: "Cryptocurrency is coming and you'll never get that idea back in the box."

Source: https://www.youtube.com/watch?v=q2NpIk1QAFw  

The BTC price will recover and I think we're also going to see institutional investors begin moving into the altcoins. 8) :D

Haha, I love this guy. :D


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: md1120 on June 21, 2016, 03:17:44 PM
it will rise again


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: raphma on June 21, 2016, 03:21:09 PM
if you didnt sell before, dont sell now... it already found a bottom.
Now it's time to buy again.

Damn, lucky I bought some waves before the price corrects..
Isn't the crash because of bitfinex issues?

Well... waves still going down, so.. no difference and actually might be a bad idea.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Posum578 on June 21, 2016, 03:24:17 PM
Why we should sell now?
Are you practicing buy high sell low

Lowering price its mean time to buy for me


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: ivan1975 on June 21, 2016, 03:28:00 PM
What is the goal, where to go BTC: 600, 500?


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: killerjoegreece on June 21, 2016, 03:30:40 PM
The downward slide will continue. people just want to fiat out their position now.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: sesiah on June 21, 2016, 03:37:22 PM
Why we should sell now?
Are you practicing buy high sell low

Lowering price its mean time to buy for me
Absolutely, this is purely the right time for us to buy,
But first, I will wait for the price to stabilise as low as it could
Then I will purchase low and wait for the price to boom again


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: traderbit on June 21, 2016, 04:33:51 PM
Quote
Down 13% in the last 24 hours.

Seems my prediction was incorrect and the post-halvening crash* has been brought forward a couple of weeks.

* use the word 'correction' if you are a BTC shill Spoetniktard and find it more palatable.

I just checked the top few altcoins in yobit (by trading volume last 24h) and the exchange rate has been increased for 9%-19% which is the right time to sell these altcoins.

Quote
Why we should sell now?
Are you practicing buy high sell low

Lowering price its mean time to buy for me

When bitcoin price gets lowered then the exchange rate of altcoin for example LISK or ETH increases and it's the perfect time to sell.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Rav3n85 on June 21, 2016, 04:43:15 PM
let the media max out bitcoin free advertisement, late hoppers will come in late and well buy at the top when it rises again.
Eh?


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: md1120 on June 21, 2016, 04:44:25 PM
it start rising again in again 2 hours


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: ivan1975 on June 21, 2016, 04:50:32 PM
I do not think this is a trend reversal.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Holdaaja on June 21, 2016, 04:53:20 PM
People just panic sold because they were afraid that Bitfinex had Goxed.
Now Bitfinex is back up and last 3 hours price change: +5.15%


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Cent21 on June 21, 2016, 05:25:34 PM
I also think this is bitfinex panic effect.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Minecache on June 21, 2016, 05:26:30 PM
The downward slide will continue. people just want to fiat out their position now.
Well it makes sense as BTC had reached its absolute peak post MtGox crash. Chinese centralised BTC will never see $1200 again.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: razen489 on June 21, 2016, 05:29:53 PM
if trend is familiar
there is always pullback before charging  ;D
https://www.coingecko.com/en/price_charts/bitcoin/usd


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: fedmahnkassad on June 21, 2016, 07:40:54 PM
I also think this is bitfinex panic effect.


It's 2016 and price is still influenced by problems of crappy exchanges. Unbelievable.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: TalesfromtheCrib on June 21, 2016, 07:46:08 PM
BTC will rise again!


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Minecache on June 21, 2016, 08:20:15 PM
Where are all the holier than thou BTC shills while there bags are crashing? We are now looking at an 18% BTC loss in 24 hours!!! All whole ETH rises.


Title: Re: BTC Price Crashing!! Sell Sell Sell!!!
Post by: Kewatia on June 25, 2016, 03:00:25 PM
BTC will rise again!


The price should rise to to 1000 dollar within a year. There are much more users now than 2013, when the price was $1200.