Bitcoin Forum

over the past 2 days that we saw a small 9% drop i have seen all kinds of so called "speculation" where people are seeing all kinds of doomsday scenarios. in some cases it is wonderful how their imaginations work. from simple whales manipulating to the good old China bans bitcoin has been the heated topics over the past 48 hours!

what happened? price started a tiny rise then the FOMO kicked in pushing the price back up. guess who was FOMOing? ;)

Im expecting for some u-turn of words on here  ;D. I actually laugh in front of my pc when i do able to read up some speculations

that we would head down to 4k after they do saw that the price plummets on 7k level and now we do see almost 9k price in a short time.
Wondering on what would be their new speculations as of this moment.

14% up in no time,so the recent drop was pure manipulation and targeted against the people who thinks that way of continuous drop in the near future.I didn't knew or read any news for the price drop and the rise as well in the current week.Lets hope for the best from now and will hang on at the price level of $10,000 until the next halve.

that's normal for every drop that we have ever had. there are some people (newbie day trader) who sell their coins too late and in order to be able to buy back and not lose money they would need a lower price. since that's not happening they start an online campaign expressing their wishes as speculation!


i wouldn't open up the champagne yet. a real "recovery" and the end of manipulation is when price has gone back to realistic values above $10k again. so long as it is in this range it is  still manipulated. the only thing the past 48 hours proved is that $8k is pretty strong as a support.

Yeah I understand the intention behind the manipulation but thanks to those whales who did this manipulation as the price pump is like a slap in the face of those fudders trying to pull the value further down with those illogical posts. But now we should not be too exited and just go with the trend instead of cashing out or selling off.

Typical bear trap. Sentiment was dismal and everyone expected lower ($6K, $5K, $3K....) meaning everyone who was going to sell already did.

The markup above $7,700 caused an initial squeeze as shorts liquidated. Now we need to see support hold in the low $8,000 range. That will trap all the bears in the $7,000s, who will then be the fuel for our return to $10K.

Whales are doing for their own benefits so the real matter is we are going to react to it?

Selling is the investors thing and it can't be stopped,if someone bough bitcoin for $7000 then they might consider selling it and will look for the next dump in that they are not losing anything even if price never dumps after this they are still in profits and will invest again at the next cycle.

Normal routine for bear people to push the price further down. FUD at its best. This time they failed though because the market is bouncing back up. Next, you will see the bulls speculating why the sudden price pump.

That is happening every time when price goes down, some Bitcoin users really like panic and drama, conspiracy theories and imagine the end of Bitcoin. It's probably the human nature, lack of experience and knowledge but sometimes that really goes on my nervs.

I don't think that anything spectacular happened in the market, just usual correction that will face some more by the end of the year. I wouldn't be looking for some particular reasons.

Expect this pump scenario will attract more FOMO's soon or some losers might be buying back their precious BTC's. Ive read yesterday about big recovery didn't expect that to happen early ;D. Unfortunate for people waiting for $6k drop few days ago but didn't happen, trully a violent drop but unexpected quick recovery.

People were talking about how it wasn't a good time to buy like two days ago, and now we're here.... if they sold any of their coins they are going to wake up with a very bad taste in the mouth, literally and figuratively.

People were right in the sense that when the trend is bearish, it likely will result in lower levels, which is generally true, but it only works until the bottom is in and we go back up.

Prices don't go up endlessly and they similarly don't go down endlessly.... it's easy to be bearish when prices go down, while it's extremely hard for people to turn bullish when the signs point out that we found a bottom.

there is a lot of people with huge losses over the past couple of days too. all of those who either fell for the FUD and sold way too late and opened up buy orders at an unrealistically low price or those who were spreading the FUD and were waiting for it to help them fill their low ball orders. they are all now in loss as the price has recovered and there is no way for them to go back in time and not make the same mistakes that left them here.
the worst part is that it is not the first time! we see this nearly every couple of months when there is a small drop and everyone goes crazy about them.

If we see a magical pump up to the five digit, more will be attracted again pushing FOMO even more.

The thing is that people here are asking when is the right time to buy? The sign is all over, the price goes on $7400 and why are they still asking? Someone says wait for $7k or even lower. But look at what happen today, the price went on to almost $10k, and those who didn't buy are now scratching their head because they missed another golden opportunity.

you pointed out something very interesting that i have been thinking about for a very long time now. i believe that the main reason why price has falls like what it had recently is exactly this uncertainty that people have about whether to buy bitcoin or could they get a better deal. so they stay out waiting instead of buying. so it becomes easier for the price to be manipulated and drop even though the real buy support is a lot stronger than it shows.
it becomes more apparent when the price jumps back up since it is showing the same people are jumping back in (FOMO).

Always been the same scenario that do happen.When the price do dips down and people just wait up for more lower levels and uncertainty is really there.
People would just start buying when they are already in the middle or peak of such pump just like we had seen on yesterdays happening.There's no other thing
that they would do now but to start scratching their head same as said and now they are going back on speculating or waiting up for another possible low support prices.

Sometimes it's just exhausting to see people saying BTC is dead, BTC will fall to 1k, OMG BTC will fall to zero because of bla bla bla...

It's the same thing every single time BTC drops, and I'm surprised that even people who are here for more than 1 year still believe in this kind of news

Indeed. Its questionable why they are even here in the first place. Its been so long since BTC has existed and people still believe that with its influence it would drop to 1k? even 4k is an underestimation of what BTC could do. The drops happening of late is just a part, not the entirety of it. BTC would bounce back up and most of us have already recognized that the latest drop was a manipulation of the whales or at least close to it. Even the bouncing back up recently was quite unbelievable and I still believe it would go down and stabilize around 8k - 8.5k$.

People perish because of lack of knowledge, and that is why they were spelling the dooms day when they are supposed to just see the price as a normal dump that will definitely bounce back in no time, which they should have started investing other than wasting their time speculating what they know may never happen.

Bitcoin cannot be control by anyone, and that is why is very difficult to predict bitcoin, and I think that the majority of them would have leant their lesson. Talking of lesson, the funny thing is that many of them would still start panicking again the moment they see a little drop, I expect that we will still have some little correction because the way bitcoin actually rose this period, it is too fast for us not to have some sort of correction.

greed and fear make people into doubt and fear ; people should stop listen to news that make traders always in panic
i remmember last year when price drop to level 3000  ---4000 . then some say price will fall under 1000 usd per btc and price will recover after 1 years at latest and it was false of course
everyone should stop panic when price drop

I keep coming back to the days pre 2017 boom, when Jamie Dimon was the one big constant doomsday prophet, pouring scorn and ashes all over Bitcoin. Fraud? It won't end well? Can't remember the whole tirade.

And then later it emerges, JPMorgan totally went long at the dip(s), and totally FOMO'd into the market as their CEO was preparing the last rites. And then right at the top Dimon pretends to be remorseful of his comments.

So yeah, which is why I love seeing talk of capitulation and worried Tweets all over the place. It's almost like a sign telling me to get ready for some peak incoming.

We love feeding the community with news, because there are investors who are just waiting a cue or the right time to buy and the right time to sell, I also experienced that waiting for a news to sell my coin, but of course we need to confirm the news, there's still some news that's not worth giving attention and there are news just to speculate, we need to be good at reading and understanding the news when it comes and how to comes.
The market movement very much tie up on the news that is coming.

Those FUDs are just messing around. I'd like to celebrate these pumps but I am not sure if I would be happy after then. It is just like I am the one who have been manipulated by these changes. Nevertheless, hitting past above 10k isn't yet happening but a little celebration may be will do and full celebration are after it hit past. FOMOs are carefully watching out there.

This is not new for people who are supporting other projects and not bitcoin directly. It seems as if some people just want the world to burn down and save themselves in the process. 9% drop in bitcoin isn't even a new thing nor is it even a scary one considering how many trenches have we dived head-first in the past years of bitcoin's existence. While this might be an overstatement on my part, the facts and evidences remain true and unchanged: bitcoin will not die that easy and it needs more than a million drop in price before it submits to that thought.

oh man, the 30-40% drop that Jamie Dimon initiated in the market was so funny. he just said some bullsit in some interview and it seemed like every bitcoiner got super excited (excited for cheap prices to buy back) and started selling...
the best thing about him was the every time he kept saying he doesn't want to talk about bitcoin then continued talking about it :D

Yah, this happens every single time bitcoin poops out.  Lately I've been seeing all kinds of old bearish threads getting bumped--not necrobumped, but threads a few weeks old sort of predicting doomsday prices or big drops or whatever. 

I've also noticed this happens with stock market news, too.  If the Dow plunges a few hundred points, all of a sudden these pundits start telling us how low the market could go--and while it's true, what they're doing is basically predicting the weather.  If it's rainy today, there's a good chance it'll rain tomorrow.  Kind of like that, you know?  I've learned not to pay attention to such prognostications, because they're all just guesses.

Now that bitcoin jumped a few thousand bucks, I'm seeing a bunch of bullish threads.  And frankly I'd rather see those than the doomsday ones.

This is normal human behaviour typical of people who just follow the crowd. When Bitcoin goes up, just people just forget the red days and get so carried away in the moment but when it dumps, it becomes another story of of loss and regret. Most people don't seem to understand the market and are just been blown around in any direction.

People create FUD when the market is bearish and try to convience that its just bubble and can burst anytime but as soon as the prices pumps they start speculating that it will cross $10k or so and again spread negativity when prices dumps.So we don't need to take care of them as btc response them with bouncing back and showing its potential to rise in worst time also.Have faith.

On simple speaking they do just go with the flow and these are the things we do commonly see on this market.People do keep guessing on what would be the price on the next minute.
When i do see those bearish thread i do usually ignore it because im already tired to read that there were even people saying that the price would come to 0 or going back to 1k.
Some of them becomes to exaggerated into their guesses thats why they are already auto ignore on my part.Same goes with bullish ones since i dont mind too much neither the price would rose up or not since ive been shorting even on small gains.

Some people who creates FUD are those who missed the accumulation phase when the market was still down. And out of frustrations they will post something negative relevant to the current market condition trying to pull the price back down a little to help them get a good entry point.
Following those kinds of speculations and news doesn't give something, It'll just make you confused. And what's funny is, people tend to believe and take it as a serious matter.
 Better to follow good TA's instead.

Whether we like it or not there will always be people like that whose been so confident speculating this and that but when they see a small rise then they are the first ones who do FOMOing, I just can’t understand them. Anyways, I guess they need to study more before doing or saying anything because it just made them look stupid.

There are two reasons why I think they are doing this, maybe they're really angy with the modern technology because they think it will affect the status of their current business or they want the Bitcoin price to fall so they can buy it cheap and eventually benefit from it when the price goes up.

This is nothing new.  Ever since the beginning of bitcoin every dip has created a flood of "bitcoin is dead" news and speculation.  Ignore the crowd and buy the dips and sell the quick bulls.  Make some money on the fear or delusion and you will learn to enjoy the noise because it's a money making signal.  ;)

Yeah i'm sure it's just the whale's game that make a fraud and spread out the news bitcoin will be dead after they dump the price.
And then they will buy with dip price, and when they're doing massive buying, price will rise up and the people who panic will buy at high price of the coin that they just sold before :D
A traders like that is always exist because there are many newbie traders everyday and they will learn after several times doing FOMO.

Anyone notice how there haven't been as many bearish threads as of late?  Any guesses as to why that is? 

Yeah, I agree with Op here and I think this is a case of people imagining trends where they don't exist, or don't exist *yet*.  That's a fundamental flaw of human psychology unfortunately, and it doesn't happen only in speculation about crypto.  As soon as bitcoin rose from $7500 to where it's at now there were about a dozen threads being created or bumped that were predicting prices of $25,000 or above.  Now if that isn't a crazy happenstance I don't know what is.

But I'll take the bullish threads over the bearish ones any day of the week, even if they're generally way too rosy for a rational mind to take.

It is still a manipulated game unfortunately.  You just have to learn how to brush all of the news that seems all doom and gloom as well as the news that is ultra bullish on bitcoin with no apparent reason why.  99% of the news is garbage.  Also careful about following charters as you can manipulate data on charts to show it any way you like to fit your narrative.

And the manipulations, their plans and details, are beyond the access of ordinary traders no matter how expert they are. And so charts that are complete with all kinds of tools, with all the lines and shapes, are oftentimes shown only after a certain pump or dump has happened. Before anything has happened, all TAs are only showing possibilities. And the possibilities are very vague that whether the price goes up or down, it will still come out correct. But no single charting analysis directly says the price of Bitcoin will pump at least $2,000 tomorrow or the price of Bitcoin will dump at least $1,000 tonight.

The problem with trading is that the new investors jump on the trend when it has already passed. people FOMO and give up to emotions in such a case. Many people fall prey to it. This is exactly what happened recently. When price fell by $1k, people bought shorts and got rekt when price went up by 30%. That's why people get pessimistic when there is a fall. They start calling Bitcoin dead.
This meme sums it up beautifully.

https://serving.photos.photobox.com/13907961a36e2ca236a8ed1cc731a1142f579399314e5eb06a015ccc999d3377d0099ab0.jpg

No, you cant say that those people do hate up modern tech.Then why they are here on the first place? Simply they do just fomoing
either they do already secure theirselves on the bottom price and tends to make out some spread out fomo to drive the price even way more higher
since they do know that they would benefit out then its just a normal act to be done.Well it might not be precise anytime since price is always been unpredictable.

speculations are always there . small or big , pump or dump . people always love to open a new topic and talk about the reason on why it that happen  . the 9 percent drop that happen last time was already a huge drop to me but i dont know to some if that is what they also think  . its normal for me to alarm and investigate if what really happen that time but thankfully the price slightly recovers again  . fomo is good and we people are the ones who did it  .

That's purely a greed attitude, they tried to contribute on the manipulation of bitcoin price that affected alot of people whose very serious investing bitcoin as a valuable asset. To the point that they're having a mindset of buying btc at lower cost, do you think it's a fair thing? Since they also seeks btc price to go up after they start holding enough amount of it? This is really unfair to see, because they don't consider the feelings of small investors, what they're thinking of is their own welfare.

Exactly.  When emotions are mixed into financial decisions it usually ends bad.  People feel good buying at the top because in the most recent past, it is a good decision to be on the buy side, and when you buy something that has fallen you feel like you are buying a turd.  Take emotions out and logically you can figure out the buy and sell times.  Really just come on here and see if people are making more doom and gloom or moon posts and do the opposite  ;D

Not only in forums, but something like this already happened in every single market chats. Someone or people who play with other's emotion to make advantage for themself. I don't think they are people who care with others, because they are only want people to be panic so they can buy bitcoin in cheap price. I always think about that, so if people speculate negative thing about bitcoin, i will ignore it.

Some traders are only following the trend and when it's time to sell it is too late for them to notice that they are selling it at a very low price. It would be better if you are not a trend trader but instead you have to make your own strategy when trading. Emotional and trend traders is the worst case you may experience in your whole life because it might be the reason for your depression.  ::)

If you are having a stable mind and if you are experienced in the field of trading then you can make a lot of money trading during these peaks and lows, everyone can have their own strategy to trade but at the end of the day everyone is trading to make a profit and if you have a simple principle then you will not end up in a loss, after all trading is simple if you follow simple rules and it is not rocket science to understand how the market will behave and the volatility you should expect in this market.