Bitcoin Forum

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many possibilities that occur. No information bitfinex tremendous setback .but I believe this decrease is caused by too many users bitcoiners doing holding the bitcoin they have.

i dont know,its shocking me for today and yesterday,the price going down so deep,its almost 10% in two days,this isnot good for net bitcoiproject "bitcoin halving" still wondering what happened.

What Bitcoin project would that be?

'Operation Pump n Dump until everyone gets so fucking exasperated with Bitcoin being such a blatantly manipulated market that Bitcoin dies' ?

It's actually pretty normal that the BTC price goes down. When people see that the price goes down, people will sell them more and more, which makes the price drop even lower.

Don't worry though, the price will get back up at some point. It's just a matter of time ;).

Whenever there is a big rally, there is also a big dip.

It's just normal. Those halving believers should learn their respective lesson about the real reason why the price surge this past days. :)

Besides the price is still high to consider. Back months ago $500 is really a high price for an average person in bitcoin world.

Price goes up, price goes down. On average it goes up.

and this s exactly the time where smart people buy.

if people keep selling, they will run out of coins to sell, which means the next time the price goes up, less people will have coins to sell (because they already sold) so the price can go higher.

and the smart people who saved their coins and bought cheap coins will now be richer because of the higher price.

panic selling and panic buying will only make smart people rich who buy when the masses sell and sell when the masses buy.

I agree. This actually reminds me of a very useful quote of Warren Buffett: "Be fearful when others are greedy and greedy when others are fearful."

Whales dump > weak hands panic sell > dumpers rebuy at lower price > price goes back up > weak hands panic fomo rebuy at higher price > repeat

Same old same old.

haha perfectly explained and the one who sell at pump price and buy at dump price are the smart traders. Patience is key in trading market ;)

Yes, that and having the insight to know where the whale's buy and sell target levels are, and then having the discipline and tenacity to stick to your guns through thick n thin.


No mean feat by any means, and one totally beyond the capabilities of most on here, including myself.

Simple. Quick pump at the very high pace brought us to the overbought territory. What follows is an elevator down, where we are in right now. Expect it to stop, if the test of $500 support is successful.

Exactly.  And dammit I wish I had some spare cash to buy.  I'd definitely be a-buying right now.

It may be heresy here, but look at what Ethereum is doing.  I did not expect it to rebound like it's doing.  If I had cash I might buy some of that, too.

De test of $500? Not $570?

exactly that. looking at how deep the price is falling it makes me feel good that i have secured profits at $730-$750 levels. the price at bitfinex just touched $594.5 as the lowest price. it might go down a little bit further, but i hope this is the point where the price starts heading up again. you know what they say about the price. what goes up quick, comes also down quick.

Could someone explain to me what's happening to the price?
Greed and Fear rule the markets.
Greed was clearly winning up to $750, and now Fear has taken over for a while.
Buy low Sell high  ... // Do you have any other questions?

What's happening? Really? It's called pump and dump scam.
Rich get more rich and the average Joe gets scammed out of his money.

this dump after the fast rise was expected every time is the same story, the faster the rise the sooner the fall will be

but it is a little weird to go below $600 i wasn't expecting that.

It might be that those who sold their coins started to panic when they see price falling down to $600.
Time to buy coins if you ask me, the lower it gets the better it is, sell when it reaches your target and wait for another dump.
Halving is coming keep that in mind and there will be an effect on the price of Bitcoin, we just dont know how much will be the difference once we hit halving.

It does seem far more accurate that a bunch of people began to panic sell once the price started to get low, and this seems to be a trend within the Bitcoin investment circles, where everyone sees a dip in the value, everyone freaks out and causes a crash.

Whatever though, maybe it is beneficial for now. There should always be corrections like this.

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