Title: Bitcoin Just Had Its Biggest Drop in a Month Post by: StockBet.com on October 18, 2017, 01:10:37 PM https://www.bloomberg.com/news/articles/2017-10-18/bitcoin-dips-most-in-month-on-oversight-fear-that-s-not-a-lot
Quote Traders waiting for a pullback in bitcoin’s price to rebuild positions in the world’s largest cryptocurrency may have the U.S. Commodity Futures Trading Commission to thank. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: HeRetiK on October 18, 2017, 01:38:53 PM I'm not buying that the CFTC had anything to do with it, especially since the BTC price has been rather shaky in the upper USD 5000s in the first place. There might be a lot of reasons behind the latest drop, I doubt that yet another non-committing statement regarding ICOs is one of them.
Apart from that, I love this quote: Quote Bitcoin fell as much as 5.9 percent, its biggest loss in almost a month, to as low as $5,247. I'm not sure whether to I'm more fascinated by the BTC price or by the fact that 6% drops have become newsworthy. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: crazylikeafox on October 18, 2017, 02:42:51 PM Typical Pump and dump scenario. Well Im a bitcoin hodler so it doesn't matter to me cause i withdraw some of my profits.
Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: e-coinomist on October 18, 2017, 02:49:52 PM Apart from that, I love this quote: According to volatility index that is not that much in comparison to last monthes. Today looks worse if no correction has been guessed beforehands.Quote Bitcoin fell as much as 5.9 percent, its biggest loss in almost a month, to as low as $5,247. I'm not sure whether to I'm more fascinated by the BTC price or by the fact that 6% drops have become newsworthy. Drawing a supportline starting from 9/15 that line will cross the former high of 9/2 (usually a month start strong because of fresh wages) around the 20th, five days before that Gold fork. Right day to get in. Date, or around $4800 whatever gets reached earlier. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: NeuroticFish on October 18, 2017, 02:58:18 PM Yeah, let's make news out of nothing.
Bitcoin is still nicely over 5000$ (almost 5200$ actually) and it was under 3500$ less than a month ago. It grew too fast, then fell too much, then it grew again too much, now it falls again. Unless something really big happens I call these pretty normal corrections, not really news. On the other hand, it is something about Bitcoin, so it increases awareness, if it's still needed :) Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: Torque on October 18, 2017, 03:08:01 PM Yeah guys, Bitcoin is done. Kaput. Over. Finished.
Never will it become popular and rise to unimaginable heights in the future. Listen to your world Financial Gurus, they know what is best for you. https://i.imgur.com/MfRGEqy.jpg https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/10/13/104772050-6ED4-PL-BITCOIN-DIMON-101317.600x400.jpg?v=1507919981 Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: Opquar on October 18, 2017, 03:17:26 PM This phrase made me chuckle:
Quote to as low as $5,247 They were making it seem like it was a cause of concern too lmao. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: BrewMaster on October 18, 2017, 03:18:50 PM haha, what the hell is that title :D
not so long ago price went down 40% before people called it "biggest drop" and start panicking what will happen next. this may not be the end of this drop but C'mon a 5% drop is considered as daily fluctuations not even a "drop" to start a topic and certainly not something they write an article about! Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: xFiber on October 18, 2017, 03:21:38 PM Yeah guys, Bitcoin is done. Kaput. Over. Finished. Yea I guess we should all just give up on this whole bitcoin adventure. Bitcoin just tanked 8% let's just give up. I hope everyone gets I was being sarcastic there. We just witnessed one of the strongest bull runs of the year (what a year it has been) yet these people who call themselves 'financial experts' keep making fools of themselves. It's getting pretty funny at this point.Never will it become popular and rise to unimaginable heights in the future. Listen to your world Financial Gurus, they know what is best for you. https://i.imgur.com/MfRGEqy.jpg https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/10/13/104772050-6ED4-PL-BITCOIN-DIMON-101317.600x400.jpg?v=1507919981 Also, I love the tie! Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: ihsanskanzaone on October 18, 2017, 03:42:58 PM I think bitcoin prices are only 6% decline can not be compared with the price
of bitcoin increase in because of the increase in bitcoin prices that even up many times. tends. bitcoin prices now if rupiahkan Rp.71.796.900. where the price is still quite fantastic. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: harizen on October 18, 2017, 03:52:28 PM Yeah guys, Bitcoin is done. Kaput. Over. Finished. Never will it become popular and rise to unimaginable heights in the future. Listen to your world Financial Gurus, they know what is best for you. https://i.imgur.com/MfRGEqy.jpg https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/10/13/104772050-6ED4-PL-BITCOIN-DIMON-101317.600x400.jpg?v=1507919981 A big LOL here. Sarcastic comment at it's finest. Hell true. Biggest and influencial man on the businesses today have some words to bitcoin even prior to it's massive popularity. All of their negative claims didn't happened even by a small bit. The drop is usual and expected. It happens everytime there is a massive rise. I don't see at the moment why people will be surprised and shock by the bitcoin price latest movement. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: criz2fer on October 18, 2017, 03:58:36 PM Apart from that, I love this quote: According to volatility index that is not that much in comparison to last monthes. Today looks worse if no correction has been guessed beforehands.Quote Bitcoin fell as much as 5.9 percent, its biggest loss in almost a month, to as low as $5,247. I'm not sure whether to I'm more fascinated by the BTC price or by the fact that 6% drops have become newsworthy. Drawing a supportline starting from 9/15 that line will cross the former high of 9/2 (usually a month start strong because of fresh wages) around the 20th, five days before that Gold fork. Right day to get in. Date, or around $4800 whatever gets reached earlier. I think people sell because of the hard fork which is coming in November. Its either they are selling their bitcoin and take their profit or buying alternative coins that have a potential to pump after the fork. Also Bitcoin Gold make a big effect on it. Either way, still hodling my BTC for the a long term. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: xaxistech on October 18, 2017, 10:26:04 PM Bitcoin is so weird at the moment, i dont understand what did affect the price today, i had to sell some bitcoins today (about 0.20) and today's dump really killed me (about $120 lost by the correction) but i am still positive about it because i know that bitcoin rised a lot in the last few weeks, so we can not complain about it because it is still doing a good job.. but it is going up again, upto $5500 at the moment, maybe it will rise again and stay there until the fork.
Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: Unplugged on October 18, 2017, 10:33:07 PM Typical Pump and dump scenario. Well Im a bitcoin hodler so it doesn't matter to me cause i withdraw some of my profits. The drop was just normal since most hodler cashed-out their profit. As of now the pricing is back again at $5500 and it will continue to increase until the fork and after the fork. I did quite lose some profit since I cashed-out at $5200. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: Shamie1002 on October 19, 2017, 01:08:49 PM Well it was a quite big drop but still I do not consider this as a terrible thing. I knew bitcoin with about 2.5k and 5k is really amazing thing to experience.
Yes I do agree that fluctuations are a bit weird not knowing exact reasons. Maybe by the massive resolutions and development, adaptation of users is gradually increasing causing this reactions or effect in prices. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: marcuslong on October 19, 2017, 03:16:21 PM Maybe this becomes true but it always turn the price back when those users buy tons of bitcoin and the volume increase that fast as we can see the price drop is no longer stay in a week and the price always changes day by day and that is really great about bitcoin so we can enjoy using bitcoin every other day.
Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: olivierc on October 19, 2017, 03:23:49 PM Quote Bitcoin fell as much as 5.9 percent, its biggest loss in almost a month, to as low as $5,247. I'm not sure whether to I'm more fascinated by the BTC price or by the fact that 6% drops have become newsworthy. I totally agree... 6% is nothing in the bitcoinworld. People are OK with 10% increase in 24h but will make noise when there is a 6% decrease. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: jackhdt on October 19, 2017, 03:35:36 PM it was a quite big drop but compared to the previous month price $ 35xx , Bitcoin price is now at $ 52xx . We have a fast growth so this price cut is completely normal because this is the sell to take the profit of the traders. We are very familiar with this
Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: mobnepal on October 19, 2017, 04:08:31 PM Typical Pump and dump scenario. Well Im a bitcoin hodler so it doesn't matter to me cause i withdraw some of my profits. No its not pump and dump scenario, it just some whales taking out profit but overall trend of bitcoin right now is quite bullish and this might not stop before bitcoin gold hardfork. I am expecting $10k by next year. Pull backs and correction on bitcoin's price is quite normal and if you look at trading chart you will see hundreds of similar pullbacks in past. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: bitbunnny on October 19, 2017, 05:24:31 PM Maybe it was a big dump but it was also the big jump back. And very fast too. This was ideal situation for traders to make very nice profit in relatively short term.
And funny, a lot of panic selling happened, even in such short change. We would probably experience more such price scenarios before the next fork and the upcoming period could be very vivid so take your chances for profit. Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: fabiorem on October 19, 2017, 08:37:44 PM I didnt see anything. ::)
I was moving between houses. ;D Title: Re: Bitcoin Just Had Its Biggest Drop in a Month Post by: MMA on October 19, 2017, 10:58:16 PM Typical Pump and dump scenario. Well Im a bitcoin hodler so it doesn't matter to me cause i withdraw some of my profits. No its not pump and dump scenario, it just some whales taking out profit but overall trend of bitcoin right now is quite bullish and this might not stop before bitcoin gold hardfork. I am expecting $10k by next year. Pull backs and correction on bitcoin's price is quite normal and if you look at trading chart you will see hundreds of similar pullbacks in past. |