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Title: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: ged00u on December 22, 2016, 11:25:05 AM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.
Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: ljudotina on December 22, 2016, 11:26:42 AM Someone sold more than there was buy orders and price dropped untill all was sold. Now price is going up as people are taking opportunity and buying cheaper coins.
Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: BitcoinPanther on December 22, 2016, 11:31:19 AM Someone sold more than there was buy orders and price dropped untill all was sold. Now price is going up as people are taking opportunity and buying cheaper coins. Yes it is normal to see things like this, someone needs to cash out to book a profit. This is called trading, and now what, people are enjoying the cheaper coins from those who dump coins (exiting and taking profit) pushing the price downward. Then price will slowly go up again because the dump coins is now being consumed by people getting in before the next price increase. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: LFC_Bitcoin on December 22, 2016, 11:35:10 AM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. You're a Hero Member, what have you been doing the entire time you've been here? $20 swings either way don't mean much. In this case we've gone up quite a lot in a short amount of time so people are taking profits & selling hence the drop. Nothing new here. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: BTCLovingDude on December 22, 2016, 11:36:21 AM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. first of all you should re-think your topic subject because it is wrong. you are looking at it the wrong way. price has gone up nearly $75 in the past 24 hours and now it has come down $17 and if you look at the charts it has always been like this, when price goes up there is a little back-track because people sell and price has to see a correction. in short nothing out of the ordinary. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: iqlimasyadiqa on December 22, 2016, 11:38:45 AM prices have increased very high. I think this is normal. because the movement of the current bitcoin always dominated the rise. while to decrease very rarely.
Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: mobnepal on December 22, 2016, 11:39:05 AM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. There is nothing much to discuss on $20-$30 price dump or pump, price was pumping really hard in last few days and it is quite normal to see some correction after huge pump. Price may get some correction before we see another price pump. Better to Hold tight whatever you have. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: calkob on December 22, 2016, 11:39:44 AM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. Relax mate, $20 dollar drops are nothing in bitcoin.... ;) dont sit and watch the screen all day, store your bitcoin safely and everything will be fine, come back in the new year to see record highs....... ;D Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: ljudotina on December 22, 2016, 11:43:18 AM You're a Hero Member, what have you been doing the entire time you've been here? Good question! Is he trolling or did he buy account? No way, hero member didint expirience things like this before. It's not like hes here for few days or something like that.... Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: klaaas on December 22, 2016, 11:46:37 AM With every price rise there are some new miljonairs born in dollars and those need to cash out.
Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: ged00u on December 22, 2016, 11:48:11 AM You're a Hero Member, what have you been doing the entire time you've been here? Good question! Is he trolling or did he buy account? No way, hero member didint expirience things like this before. It's not like hes here for few days or something like that.... Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: traderethereum on December 22, 2016, 11:49:56 AM maybe its just normal condition in the market and we know this, i hope the price will be back soon and will increase than before. better you don't have to get panic selling too because its not good for you and i think you can wait for a little time to see the price will be back in the right path.
Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: ged00u on December 22, 2016, 12:01:04 PM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. first of all you should re-think your topic subject because it is wrong. you are looking at it the wrong way. price has gone up nearly $75 in the past 24 hours and now it has come down $17 and if you look at the charts it has always been like this, when price goes up there is a little back-track because people sell and price has to see a correction. in short nothing out of the ordinary. I agree, thanks for the information. Well someone may not be patience enough to hold their Bitcoin after its price has gone up nearly $75. I guess we will all have a happy Christmas maybe its just normal condition in the market and we know this, i hope the price will be back soon and will increase than before. better you don't have to get panic selling too because its not good for you and i think you can wait for a little time to see the price will be back in the right path. I am not panic so don't worry. I will keep my Bitcoin until it has reached at least $1000. It will be back soon, I can ensure about that, just a little confused about the fluctuation in the priceTitle: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: camarasikhou1945 on December 22, 2016, 12:01:24 PM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. I think that Bitcoin increase of 4 reasons: 1. The need to use Bitcoin currency is rising 2. In a large number of countries are gradually accepting Bitcoin 3. The number of investors has increased Bitcoin, the reason no one has been lost due to poor security Bitcoin, except for users to expose private keys for hackers 4. At the Stock Exchange Bitcoin is growing strongly in the major countries, especially China, which has significant impact to the world! Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: smoothie on December 22, 2016, 12:13:55 PM Threads like this are pretty much useless.
Why not ask why the price moves $2 if you will ask why it moves $20? Markets gonna market....nothing more. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Red-Apple on December 22, 2016, 01:19:44 PM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. I think that Bitcoin increase of 4 reasons: 1. The need to use Bitcoin currency is rising 2. In a large number of countries are gradually accepting Bitcoin 3. The number of investors has increased Bitcoin, the reason no one has been lost due to poor security Bitcoin, except for users to expose private keys for hackers 4. At the Stock Exchange Bitcoin is growing strongly in the major countries, especially China, which has significant impact to the world! 1. i really can't see how this "need" has increased! 2&3. i fully agree. 4. i agree but it has always been big in China. and also i have to add while i agree with all of these but these reasons are only contributing to the gradual rise of bitcoin price and none of them are explaining this recent rise. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: uki on December 22, 2016, 09:46:32 PM Threads like this are pretty much useless. That is true for about 90% of the content in this section, unfortunately. Why not ask why the price moves $2 if you will ask why it moves $20? Markets gonna market....nothing more. If we are rising, there are 4-5 new topics about price rising to $2k or beyond in the next month, similar if we are dropping, there are plenty topics about how useless Bitcoin is, and that its price goes to zero. Take it as it is, I've lost any hope for any improvements in this matter. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Kanapka on December 22, 2016, 11:04:07 PM Big rises last days, so corrections happen sometimes.
Remember that 20 dollars is less than 3% of current price Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Shiroslullaby on December 22, 2016, 11:07:25 PM Big ups, big downs.
Large swings right now. Market is still pretty volatile and no one is sure where the price will land. Lots of people buying and selling large orders. Just a few percent profit is a ton of cash if you have enough to invest. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Chris! on December 22, 2016, 11:21:14 PM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. Lol you're very greedy and even more naive. The price goes up ~$100 in the past few days and you're worried about a $20 correction? Really? Come on. This can't be your first rodeo and if it is you're doing a poor job hiding the fact that you bought this account. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Ahab_Hunter_of_BearWhale on December 23, 2016, 05:29:39 AM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. As momentum build during what seems to be a strong bull run building up, the price will rise and drop in increasing degrees. Just examine charts of btc's 2013 rise for example.Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: jubalix on December 23, 2016, 09:24:10 AM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. I can't believe a hero member asks this Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Huge Black Woman on December 23, 2016, 09:52:45 AM You're a Hero Member, what have you been doing the entire time you've been here? Good question! Is he trolling or did he buy account? No way, hero member didint expirience things like this before. It's not like hes here for few days or something like that.... Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: jtipt on December 23, 2016, 10:04:05 AM Big ups, big downs. Exactly, its too volatile right now. This morning(my time) BTC was at 860ish I check it about an hour later and boom its 905 and the market cap has reached ATH. I mean its sitting at $900-905 since 5 hour, with the amount of volatility right now i would consider this stability pretty good, but I dont not expect the price to stay this it could just crash and drop back to 750s or who knows maybe cross $1000 even before Christmas. Large swings right now. Market is still pretty volatile and no one is sure where the price will land. Lots of people buying and selling large orders. Just a few percent profit is a ton of cash if you have enough to invest. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Taki on December 23, 2016, 12:17:31 PM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. Same as I can't explain and can't guess why just for one night bitcoin from 861$ grown to 906$. I thought that that factor that some bitcoins was stolen by hacking again will make the price for bitcoin to fall, but it didn't happen.Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: uki on December 23, 2016, 02:11:53 PM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. I can't believe a hero member asks this Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Febo on December 23, 2016, 07:27:52 PM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. When Bitcoin cost $870 then $20 move is way less then when Bitcoin cost $300 so get used of $20 changes every hour now. When Bitcoin will be $10000 then $100 moves will be tiny moves. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: kryptqnick on December 23, 2016, 07:52:36 PM I guess if the price is changing for $30 or so during the day it's totally fine. These are just fluctuations, you know. Just some accidental stuff, right? Somebody sold his/her bitcoins and nobody bought them yet or something similar. This is a 2-3% change. I guess even fiat changes the price in these borders from time to time.
Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: sportis on December 23, 2016, 07:56:06 PM the reason why bitcoin price has been drop within an hour its because when bitcoin suddenly reach that amount there's a lot of users who cashout their bitcoin so they can use it on their needs. so expect that if bitcoin reach $1000 barrier there's a lot of more user that will cashout their bitcoin so the price of bitcoin could be probably drop atleast $500 per bitcoin. so if i where you when bitcoin reach the $1000 barrier you should cashit out to or else you will lose your bitcoin. Are you really believe that if bitcoin climbs to $1000 so many people will sell their coins for fiat and the price will drop in at least (as you wrote above) $500? I could say this is a crash. I understand here is the "speculation" subforum but this prediction without proofs is something like science fiction movie. So you could sell your coins now with a big profit. Could you? Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: Lionidas on December 23, 2016, 08:08:39 PM I think your charts are off.
It has only risen and not fallen in the last 48 hours this much. Maybe by $12 but not $20. That is a major loss to someone who is holding over 2 bitcoin. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: uki on December 23, 2016, 08:50:31 PM I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result. When Bitcoin cost $870 then $20 move is way less then when Bitcoin cost $300 so get used of $20 changes every hour now. When Bitcoin will be $10000 then $100 moves will be tiny moves. Title: Re: Bitcoin have just dropped $20 in less than an hour. What happened ? Post by: thejaytiesto on December 23, 2016, 10:49:24 PM Indeed, anyone that is panicking for 20, even 50 dollar drops is a complete newbie. We are back on track and the 12 hour graph is looking sexy. We are no doubt going towards a new ATH. We are looking at 1000 hours away from now, at any time it can kick in and we may start seeing a big long ass green candle. Of course I would like controlled growth but this is bitcoin, this is extreme disruption and the price is also wild.
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