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Title: Why the selloff? Post by: mr.mister on March 16, 2017, 09:10:46 PM BTC plunging down to $1134 and going lower by the minute. Title: Re: Why the selloff? Post by: btcmerich on March 16, 2017, 09:24:51 PM is bitcoin, some days it can do something like this. 5%-10% up and down , nothing to panic about Title: Re: Why the selloff? Post by: Admired on March 16, 2017, 09:25:51 PM BTC plunging down to $1134 and going lower by the minute. I think it's due to the threat of BTC hard fork, but hopefully this does not happen. Title: Re: Why the selloff? Post by: Dakustaking76 on March 16, 2017, 09:27:50 PM Can someone explain me with hard fork situation?
Title: Re: Why the selloff? Post by: btcmerich on March 16, 2017, 09:30:40 PM BTC plunging down to $1134 and going lower by the minute. I think it's due to the threat of BTC hard fork, but hopefully this does not happen. hmmm, then people are more stupid then i thought. we are far away from fork and even if a fork would happen then BTC owners would get same amount on the new chain. based on this new buyers should come and buy bitcoin and the price should go up . again , most people are not the smartest tool in the shed Title: Re: Why the selloff? Post by: jossiel on March 16, 2017, 09:31:51 PM There's nothing new and to worried about this. It is happening usually people are doing something maybe a whale or pump and dump group.
Just to make some profits out of nothing and of course when those newbies see that there's a movement and it is decreasing. They will usually panic and tries to sell out their coins and boom price will go down but lately you will see the price will increase again. Title: Re: Why the selloff? Post by: Ted E. Bare on March 16, 2017, 09:32:55 PM There is no hard fork planned.
The selling is probably based on a misinterpretation of the scaling debate and a lot of manipulation. Be wary not to sell at the bottom. Title: Re: Why the selloff? Post by: MiladMax on March 16, 2017, 09:43:14 PM It's a trap for weak hands. ;)
Title: Re: Why the selloff? Post by: btcmerich on March 16, 2017, 10:21:26 PM It's a trap for weak hands. ;) exactly, always ask Admiral Ackbar when in doubt https://www.youtube.com/watch?v=4F4qzPbcFiA Title: Re: Why the selloff? Post by: tk3609 on March 16, 2017, 10:23:33 PM BTC plunging down to $1134 and going lower by the minute. https://www.youtube.com/watch?v=A7TuFy0fcuw Title: Re: Why the selloff? Post by: btcmerich on March 16, 2017, 10:30:36 PM I guess now the title should be changed to " Why the buy back " since it is bouncing back and will be around 1180 euros as it was before the decline today Title: Re: Why the selloff? Post by: chaser15 on March 16, 2017, 10:33:06 PM BTC plunging down to $1134 and going lower by the minute. Don't be carried away. Good thing still the price have been lowered because it's your opportunity now to buy coins at the current price. Look at how well it increaead again meaning many are just waiting to reached their buy wall. We will straight forward again at above $1,200+. No such big news happened that pull the price down so this is just a normal and others just take profits especially those who bought at below $1,100 to $1,000 after the ETF rejection. Title: Re: Why the selloff? Post by: beastcoast on March 17, 2017, 12:33:15 AM It's because everyone is selling and converting to ethereum, seriously.
Title: Re: Why the selloff? Post by: UnDerDoG81 on March 17, 2017, 12:47:18 AM When the price tanked for a while and then hovers at the same value for a week, usually the sell off starts. This is happening for years now.
Title: Re: Why the selloff? Post by: lottery248 on March 17, 2017, 02:01:05 AM less than a week ago, bitcoin price used to surge by ~$100 then dropped by almost the same amount AFAIK, so for this i guess this is a trap for sellers.
Title: Re: Why the selloff? Post by: nydiacaskey01 on March 17, 2017, 02:09:48 AM BTC plunging down to $1134 and going lower by the minute. Title: Re: Why the selloff? Post by: The Sceptical Chymist on March 17, 2017, 02:12:40 AM OMG, welcome to bitcoin, where volatility is the norm and not the exception. This is probably nothing more than people taking their profits, which investors do--especially when an asset is near its all time high. Forget any explanation, though. No one here can explain it with any certainty, including me.
Title: Re: Why the selloff? Post by: BillyBobZorton on March 17, 2017, 04:13:16 PM BTC plunging down to $1134 and going lower by the minute. We can speculate a lot about why the price goes up and down but we can't know. It's probably normal profit taking, it will be good to fuck the BUchina miners. Title: Re: Why the selloff? Post by: d5000 on March 17, 2017, 04:28:52 PM I think the fork threat is only an excuse for the selloff. The real reason is that the market, for now, is convinced that ~$1300 was the top,and that we're now entering a short-term bearish phase. At ~$1295/65 there could be observed a double top in the making, it would confirm at ~950.
What is true is that fundamentals for now don't speak for a rally, after the failed ETF decision. A fork threat is still some days or weeks ahead. BU has about ~30% of blocks and is, at the moment, stagnating. But that doesn't mean the danger is not real. So I'm still convinced the best bet is trying to find a compromise. But most BTU and Core hardliners are too stubborn, it seems. Title: Re: Why the selloff? Post by: BillyBobZorton on March 17, 2017, 04:33:51 PM I think the fork threat is only an excuse for the selloff. The real reason is that the market, for now, is convinced that ~$1300 was the top,and that we're now entering a short-term bearish phase. At ~$1295/65 there could be observed a double top in the making, it would confirm at ~950. What is true is that fundamentals for now don't speak for a rally, after the failed ETF decision. A fork threat is still some days or weeks ahead. BU has about ~30% of blocks and is, at the moment, stagnating. But that doesn't mean the danger is not real. So I'm still convinced the best bet is trying to find a compromise. But most BTU and Core hardliners are too stubborn, it seems. It was possitive that after the ETF the price went up, I think the damage of the ETF is already priced in. BTU camp will never be happy no matter what Core does, they are just trolls at this point. Roger Ver already admitted he will not support Core no matter what. Title: Re: Why the selloff? Post by: gentlemand on March 17, 2017, 04:36:01 PM There are more sellers than buyers at certain price points. That's about it. Now ETF excitement is over there isn't anything epic on the horizon so people can go back to concentrating on being nasty to each other, and Bitcoin.
Title: Re: Why the selloff? Post by: Iranus on March 17, 2017, 04:40:22 PM OMG, welcome to bitcoin, where volatility is the norm and not the exception. This is probably nothing more than people taking their profits, which investors do--especially when an asset is near its all time high. Forget any explanation, though. No one here can explain it with any certainty, including me. To be fair, the price was comparatively stable from 2015 and most of 2016. It's a strange phenomenon that the price is so crazy right now. You don't need any certain to speculate, hence the subforum. I would say that the threat of a hard fork, regardless of whether it's well organised or not, is always going to make the price struggle a little bit. There's also the FUD about Bitcoin in general and the rising prices of altcoins, but I think that most investors are secure enough in their investments. The price has even had a slight rebound since then, it's not consistently going down. Title: Re: Why the selloff? Post by: richardsNY on March 17, 2017, 05:47:03 PM There are more sellers than buyers at certain price points. That's about it. Now ETF excitement is over there isn't anything epic on the horizon so people can go back to concentrating on being nasty to each other, and Bitcoin. That's the whole problem. People focus too much on happenings and hypes where they get totally bored when the market isn't moving due speculation about X event. For some reason a stable but slower growth is something that most people don't care about as they only chase pumps and dumps. That's why there are so many people hopping from altcoin to Bitcoin and vice versa quite regularly. Volatility addicts is what I call them. Title: Re: Why the selloff? Post by: aardvark15 on March 17, 2017, 07:00:11 PM BTC plunging down to $1134 and going lower by the minute. It's natural to have a correction after a big increase. The price has shot up dramatically over the last few months so it shouldn't be surprising that some people are cashing some Bitcoins in. Title: Re: Why the selloff? Post by: tk3609 on March 17, 2017, 07:31:11 PM Healthy correction is needed for the uptrend to continue. Look what happened in 2013 when BTC rose from 100$ to almost 1200$ in 7 weeks. The burst was massive and it took 1,5 year for it to recover. Let the correction happen, buy the dip and be happy.
Title: Re: Why the selloff? Post by: uki on March 17, 2017, 08:14:39 PM is bitcoin, some days it can do something like this. 5%-10% up and down , nothing to panic about Title: Re: Why the selloff? Post by: Clement Kaliyar on March 18, 2017, 02:55:24 AM BTC plunging down to $1134 and going lower by the minute. It's natural to have a correction after a big increase. The price has shot up dramatically over the last few months so it shouldn't be surprising that some people are cashing some Bitcoins in.Title: Re: Why the selloff? Post by: cpfreeplz on March 18, 2017, 02:58:54 AM BTC plunging down to $1134 and going lower by the minute. I think it's due to the threat of BTC hard fork, but hopefully this does not happen. hmmm, then people are more stupid then i thought. we are far away from fork and even if a fork would happen then BTC owners would get same amount on the new chain. based on this new buyers should come and buy bitcoin and the price should go up . again , most people are not the smartest tool in the shed Oh no! I'm going to have a gold coin + a cloned gold coin! What should I do!? Sell sell sell. People just don't get what a hard fork is so they bail. Nor my problem. I'll be looking down on them when I'm living on the moon. Title: Re: Why the selloff? Post by: n0ne on March 18, 2017, 03:55:59 AM is bitcoin, some days it can do something like this. 5%-10% up and down , nothing to panic about Title: Re: Why the selloff? Post by: ethereumhunter on March 18, 2017, 06:03:52 AM BTC plunging down to $1134 and going lower by the minute. It's natural to have a correction after a big increase. The price has shot up dramatically over the last few months so it shouldn't be surprising that some people are cashing some Bitcoins in.yes its normal and we can see more over in the market. the price is always changing even if we are sleep but to avoid anything bad that will happen, i hope we all can make order buy or sell so we don't missed the price. i've seen many time correction for bitcoin and for other crypto currency and i think its not a big problem although we buy the coins in higher price because someday the price of the coins will be up again soon. Title: Re: Why the selloff? Post by: Seansky on March 18, 2017, 08:08:56 AM Its kinda normal to see some sell some of their coins and the current dump that occurred might be because of some whales or many people taking profit from the rise that had happen in the past few days. It would be back again in the normal price soon though so I suggest everyone to just hold and be careful not to sell now since you might not know if the current price is the bottom of this dump or not.
Title: Re: Why the selloff? Post by: mr.mister on March 18, 2017, 01:23:01 PM Wow!! It looks like I can get into this. I like the volatility! I was just watching, and it shot down to $1000.00 briefly, before shooting back up to $1040.00 Theoretically, could I have put in an order $1000.00, then sold at $1040.00 for a $40.00 profit per btc?? I have a coinbase account, can I do this type of trading there, or is there a better place? I want to start doing this, even if it's only a few bucks you make every day or so. It's fun. Title: Re: Why the selloff? Post by: aso118 on March 18, 2017, 01:26:20 PM Wow!! It looks like I can get into this. I like the volatility! I was just watching, and it shot down to $1000.00 briefly, before shooting back up to $1040.00 Theoretically, could I have put in an order $1000.00, then sold at $1040.00 for a $40.00 profit per btc?? I have a coinbase account, can I do this type of trading there, or is there a better place? I want to start doing this, even if it's only a few bucks you make every day or so. It's fun. Not advisable. It is very difficult to time the market, especially a volatile one like Bitcoin. You could get caught on the wrong foot by a rapid price movement. You could sell at $1040, only for Bitcoin to rush to $1500. Figure out your long term strategy and trade accordingly. Title: Re: Why the selloff? Post by: btcmerich on March 18, 2017, 02:39:51 PM Wow!! It looks like I can get into this. I like the volatility! I was just watching, and it shot down to $1000.00 briefly, before shooting back up to $1040.00 Theoretically, could I have put in an order $1000.00, then sold at $1040.00 for a $40.00 profit per btc?? I have a coinbase account, can I do this type of trading there, or is there a better place? I want to start doing this, even if it's only a few bucks you make every day or so. It's fun. Not advisable. It is very difficult to time the market, especially a volatile one like Bitcoin. You could get caught on the wrong foot by a rapid price movement. You could sell at $1040, only for Bitcoin to rush to $1500. Figure out your long term strategy and trade accordingly. well , 40$ is profit. In finance no need to be greedy thinking what if i sell now and it goes higher. take the profit and sit back and see if you can do it again Title: Re: Why the selloff? Post by: Iranus on March 18, 2017, 03:00:00 PM There's nothing new and to worried about this. It is happening usually people are doing something maybe a whale or pump and dump group. Unfortunately, new people and people who have put a bit too much in and are scared often just can't take the heat when there's a very slight dump and that often makes the dump a bit more significant. It's a shame but this is often the case.Just to make some profits out of nothing and of course when those newbies see that there's a movement and it is decreasing. They will usually panic and tries to sell out their coins and boom price will go down but lately you will see the price will increase again. I think that the closest thing to a solution is for people on this forum to decrease the amount of FUD about Bitcoin and the rise of altcoins, and say more about different kinds of news rather than just whatever the specific hype is at the time. Unfortunately, that seems fairly unlikely to happen, so I just hope that most people are clever enough to hold and even buy at this low. Title: Re: Why the selloff? Post by: mikenz on March 18, 2017, 03:01:29 PM Quote It's a strange phenomenon that the price is so crazy right now. Its neither strange nor a "phenomenon". There is a possibility of a coin split and in that case prices would drop by 50 % and more. Therefore every Joe is cashing out now to wait it out. Its as simple as that. Quote Wow!! It looks like I can get into this. I like the volatility! I was just watching, and it shot down to $1000.00 briefly, before shooting back up to $1040.00 Theoretically, could I have put in an order $1000.00, then sold at $1040.00 for a $40.00 profit per btc?? Yes. Or, theoretically, you could have bought at 1040 and see it dropping to 1000. Title: Re: Why the selloff? Post by: ajeef on March 18, 2017, 03:11:03 PM Price has dumped today so I will not sell them right now and will buy more bitcoins at this price as it will give me higher amount of coins at lower price and price can rise again and get back to $1200 level in next few days so at that time will sell some of them to get quick profits.
Title: Re: Why the selloff? Post by: cellard on March 18, 2017, 03:18:20 PM Wow!! It looks like I can get into this. I like the volatility! I was just watching, and it shot down to $1000.00 briefly, before shooting back up to $1040.00 Theoretically, could I have put in an order $1000.00, then sold at $1040.00 for a $40.00 profit per btc?? I have a coinbase account, can I do this type of trading there, or is there a better place? I want to start doing this, even if it's only a few bucks you make every day or so. It's fun. It's fun until you lose. Nobody can know what will happen, so if you believe in bitcoin it's best to buy and hold long term and get your coins out of coinbase. Download bitcoin core and run a full node to help the network and keep your bitcoins there so they are safe. If you believe there will be a hard fork then the price will go down. I believe the risks are overblown. Title: Re: Why the selloff? Post by: mikenz on March 18, 2017, 03:19:55 PM There will be retrace moves but I see a rise back to 1200 only when the scalability debate has been solved. Otherwise there is just too much uncertainty in the market.
Title: Re: Why the selloff? Post by: disclaimer201 on March 18, 2017, 03:24:51 PM Price has dumped today so I will not sell them right now and will buy more bitcoins at this price as it will give me higher amount of coins at lower price and price can rise again and get back to $1200 level in next few days so at that time will sell some of them to get quick profits. It is too early to buy back until you know where the bottom is. Sorry, price will not go back to 1200 anytime soon. I believe it will take months and we will see prices falling lower and lower every week. Sentiment has changed to a full bear market. Hodl your coins until next year and buy back very low, all will be fine. Title: Re: Why the selloff? Post by: mr.mister on March 18, 2017, 03:32:17 PM Wow!! It looks like I can get into this. I like the volatility! I was just watching, and it shot down to $1000.00 briefly, before shooting back up to $1040.00 Theoretically, could I have put in an order $1000.00, then sold at $1040.00 for a $40.00 profit per btc?? I have a coinbase account, can I do this type of trading there, or is there a better place? I want to start doing this, even if it's only a few bucks you make every day or so. It's fun. It's fun until you lose. Nobody can know what will happen, so if you believe in bitcoin it's best to buy and hold long term and get your coins out of coinbase. Download bitcoin core and run a full node to help the network and keep your bitcoins there so they are safe. If you believe there will be a hard fork then the price will go down. I believe the risks are overblown. I am not planning on keeping my coins on coinbase, however, my plan was to keep in cold storage maybe using electrum, then create a "watch only" wallet. What do you think? Title: Re: Why the selloff? Post by: mr.mister on March 18, 2017, 03:43:02 PM OMG!! Down to $952.00 is this an adjustment?
Title: Re: Why the selloff? Post by: mikenz on March 18, 2017, 03:47:11 PM I believe this statement from reddibrek summarizes it best:
Quote Do you realise that once 51% of blocks are signalling Unlimited (according to Coindance today it is 33.3%) then the very first block mined by an Unlimited miner who cares to create a block of any size above 1 MB, will create a fork. BU miners will be able to follow that fork. That fork will be invalid for Core miners. The reasoning from some BU community members is that everyone will be sensible enough to wait until something like 75% of blocks support BU, before a miner creates such a block. I ask anyone following the whole scaling debate from both sides, are coordination and cooperation the hallmarks of this situation? The moment we reach 51% of blocks signalling BU, a whole new opportunity opens up for manipulation, for example for a miner to take a short position on Bitcoin and then mine +1MB blocks, before a more sensible threshold is reached. Bitcoin has always been about one chain, one history, no split, immutability. This is going to be the biggest paradigm shift since the genesis block. For months the talk has been ETF, China, etc. Scaling is by far and away the no.1 critical issue - has been for two years. I don't think people fully understand what's coming. https://bitcointalk.org/index.php?topic=1819153.0 Title: Re: Why the selloff? Post by: Mikez on March 18, 2017, 03:58:21 PM Price has dumped today so I will not sell them right now and will buy more bitcoins at this price as it will give me higher amount of coins at lower price and price can rise again and get back to $1200 level in next few days so at that time will sell some of them to get quick profits. It is too early to buy back until you know where the bottom is. Sorry, price will not go back to 1200 anytime soon. I believe it will take months and we will see prices falling lower and lower every week. Sentiment has changed to a full bear market. Hodl your coins until next year and buy back very low, all will be fine. But if it will go back to 1200 anytime then there is nothing wrong in buying them at this stage as price has gone below 1000 and if you think that it will recover soon then you should buy right now and sell them when it touches there instead of waiting too long. Title: Re: Why the selloff? Post by: kwukduck on March 18, 2017, 04:10:30 PM With BU hardfork happening soon there's not the slightest chance bitcoin core will recover.
Title: Re: Why the selloff? Post by: staggerpines on March 18, 2017, 04:11:00 PM Loving the ride downwards... I only wish I had the funds to make a statement to buy bitcoin.
Title: Re: Why the selloff? Post by: kwukduck on March 18, 2017, 04:13:10 PM Loving the ride downwards... I only wish I had the funds to make a statement to buy bitcoin. What statement would you like to make? That you enjoy losing money? We will be very very lucky if we can hold around $500 but i doubt even that value can hold with such a severe fork. Title: Re: Why the selloff? Post by: mr.mister on March 18, 2017, 04:15:05 PM With BU hardfork happening soon there's not the slightest chance bitcoin core will recover. If it forks, will it turn into two separate crypto currencies? Title: Re: Why the selloff? Post by: bL4nkcode on March 18, 2017, 04:17:18 PM OMG!! Down to $952.00 is this an adjustment? Expect more lesser than that, but if you want yo get more profit I guess this is the right time, because it will recover again with in a short range of time to reach 1200 again. I wish I have the funds to do that but unfortunately...Title: Re: Why the selloff? Post by: mr.mister on March 18, 2017, 04:22:55 PM But what happnes if it forks? Will we lose our current bitcoins, or how will that work out?
Title: Re: Why the selloff? Post by: VanDeinsberg12 on March 18, 2017, 04:24:12 PM With BU hardfork happening soon there's not the slightest chance bitcoin core will recover. If it forks, will it turn into two separate crypto currencies? Title: Re: Why the selloff? Post by: btcmerich on March 18, 2017, 05:05:28 PM But what happnes if it forks? Will we lose our current bitcoins, or how will that work out? you will not lose your Bitcoins! you will just exist on two chains. if you have 10 BTC then after hardfork you will have 10 BU and 10 BTC. so you getting BU for free sort of saying. So do not panic ... keep in mind how much profit was made on ETC/ETH fork. If it happens , there will be good chance to make at least 3 X your money Title: Re: Why the selloff? Post by: richardsNY on March 18, 2017, 05:24:35 PM Price has dumped today so I will not sell them right now and will buy more bitcoins at this price as it will give me higher amount of coins at lower price and price can rise again and get back to $1200 level in next few days so at that time will sell some of them to get quick profits. It is too early to buy back until you know where the bottom is. Sorry, price will not go back to 1200 anytime soon. I believe it will take months and we will see prices falling lower and lower every week. Sentiment has changed to a full bear market. Hodl your coins until next year and buy back very low, all will be fine. People can buy back at current levels without any problems. Fact is that you should stick to buying back with low quantities per time. It will allow you to keep buying lower in case the prices continues to go down. That being said, it's too early to say that we are moving in a bear market right now, because even now the price has gone down we're still sitting at around the $1000 level. You're too early with your judgment. Title: Re: Why the selloff? Post by: CyberKuro on March 18, 2017, 05:49:17 PM OMG!! Down to $952.00 is this an adjustment? Expect more lesser than that, but if you want yo get more profit I guess this is the right time, because it will recover again with in a short range of time to reach 1200 again. I wish I have the funds to do that but unfortunately...Title: Re: Why the selloff? Post by: mr.mister on March 18, 2017, 08:32:56 PM But what happnes if it forks? Will we lose our current bitcoins, or how will that work out? you will not lose your Bitcoins! you will just exist on two chains. if you have 10 BTC then after hardfork you will have 10 BU and 10 BTC. so you getting BU for free sort of saying. So do not panic ... keep in mind how much profit was made on ETC/ETH fork. If it happens , there will be good chance to make at least 3 X your money so if or when it splits, if BTC is, lets say at, $1000.00, will BTC go to $500, and BU at $500 or could something different happen? Title: Re: Why the selloff? Post by: york780 on March 18, 2017, 08:41:40 PM Who cares. I dont think that newbies want to invest in btc anymore. They all got rekt. And btc doesnt have any bull support anymore. Its a free fall. I am still keeping some btc because its nonstalgic. I want my children to see look kids: this could have changed our lives but some chinese idiot decided to start a kamikaze project to destroy btc.
Title: Re: Why the selloff? Post by: uki on March 18, 2017, 10:37:05 PM is bitcoin, some days it can do something like this. 5%-10% up and down , nothing to panic about |