Bitcoin Forum

This is going to be an interesting day don't you guys think?
What do you think caused this sudden panic?

What panic selling , what gave you the idea that people are selling suddenly and paniking :o
looking at preev.com price seem pretty stable near 280$ and there is no changes , and we was at 285$ so there isn't much going on IMO

Been between $277 and that for the last two weeks. Peak was at $293.
It will rise not fall.  >:(

Nah, the real panic selling should start in about a month, this is just a prelude. :D

Don't think it will go under $270 on finex. If it does then we'll have $250 as absolute bottom.

lol, you are waiting all day for something like this to happen and then open a thread saying dumping started. nothing happened.

You have totally lost your objectivity..shame.

Let's wait and see. There seems to be quite some force behind this. Orderbooks are shifting rapidly, clear indication of panic if you ask me.

I think it's a mixture of news, the Karpeles thing, the Bitifinex thing (not sure what happened), the Brainwallet hack, the Bitlicense thing (even tho this is not really a problem, business just move to other places).

Would love to scoop some cheap coins again at 220 (srs..)

Back to the 220-240 range it seems, that's okay

Sure! I love buying a few more coins in that range  :)

If price back to the 220-240 again, i think will hard to bitcoin price up again. I hope halving will help much to make bitcoin price up but i hope will up before halving at least before end of this year

The price has breached a minor technical support because someone sold 10,000 coins. We are now 10 dollars lower and still 50 dollars higher than May 2015.

First thing that got on my mind when I saw a huge Ethereum dump was, someone sold all the ethers that were stuck since the IPO and then cashed out into FIAT.
I don't know does this make sense but this was my first thought.

yes i noticed that was more suply of bitcoins than the demand and people are turnign a bit to fiat soo a bit lower the prices this week

I predict we will fall under 240 before Monday.

Todays open $279.03

Todays high $279.21

Todays low $259.46

Fake or real wall we got on finex?
1,000 plus coins, looks like a solid wall, but who knows, it might get eaten away or pulled.

https://i.imgur.com/GQJ9TTA.png?1

Lol!

Bitcoin moon fans are a fickle bunch. A couple of weeks ago, or 3 or 4, lots of moontalk on threads. Any bearish talk was taboo.

Now, a move to $ 262 and sentiment has changed drastically. Not as loud as they were for sure! Plainly obvious why the whales have an easy time rocking the boat.

Anyway, this isn't panic selling, just shaking off weak moon bitcoin fanboys. And i think its working.

Like Tzupy says, another month or 2 and shitting pants will ensue

It was quite a sharp drop to $260 in the last 24 hrs.
Just when it seemed to be stabilizing in the $280 range...

it's big traders going on vacation and removing their last manipulation in the 275-300 range, i'm not expecting the price to fall below 250 and until then i'll not worry about it at all, you should do the same


they were overexcited for sure, i told them to not be exited until we can break at least 300 and remain above that for a long time or until we can touch 500 again

Problem is not if it will fall below 250, problem is when moon. BTC=moon so if no moon no BTC....

I honestly don't think it will dip down back into the 220-240 range again, unless something drastic happens in the future. The price might drop down to 240 slightly, but I expect it to correct. We may see the price settle down at around 255, but I couldn't imagine it staying below that for more than a day or so.

Yup its happening I think, the price is around $260 now, I am wondering what will be the bottom price after the panic sell or may be some whale needs a little meat :D I know a guy who was selling $200K in bitcoin may be that caused a little crash :P But I don't think that much amount will cause this much change.

probably around the halving, because if no moon is accomplished for that time, then bitcoin is probably done

Seriously? You think if Bitcoin doesn't skyrocket within just a few years time, it's a dead currency? The halving will certainly impact the value of Bitcoin. It will probably rise considerably, and we might even see prices near or above the alltime highs in 2013. However, this isn't the "moon". If Bitcoin ever reaches the moon, it is due to worldwide adoption, which won't magically take place due to a halving.

IMHO if something like BITCOIN is waiting for halving to moon....it is already done...

I am around since 2011, in the success scenario I am more bull than cypherdoc but honestly, I think BTC is done. Really hope I am wrong.

Just curious… what is "the moon"? does moon = $10,000?

For me I think if 1 BTC = $1,000,000 then I will comfortable saying, "Well, looks like we are here. This is the moon." What you think?

Minimum 50k usd / BTC

another thing that need to be added is that i do not want the value, to reach only the moon, but to remain on the surface too

i'm tired of insubstantial rises that leave the disappointment after few days

Given the fact how bitcoin price doesn't have some large support at this price level, i wouldn't yet call this panic selling.
If we get to ~200 level , then there's a possibility for the real panic to kick off. imho all these ups and downs are just here to shake people for some coins.

cheers

anybody who has been using bitcoin and cheeking the price of it knows very well that these sorts of bumps are expected along the road.
panic sells and panic buys are always a part of bitcoin market but it doesn't have a significant effect on the whole price.

well.... at least okcoin is tanking and btc-e overbought

BTC-E overbought? Not so sure about that as it is lower than other exchange rates and it also didn't peak any higher today. Definitely not overbought.

I would very much agree on this prediction. Just bought at $270 and waiting for $250 to get more.

well i dont use bitcoin so i will look and hope to catch some for less  8)

It's probably done, technology becomes obsolete over the years, it doesn't age and gain value like a good wine.
But the next wave of piglets bagholders bitcoin enthusiasts won't know that, until they'll panic dump their bags in 2017-2018. ;D

for me $10,000 is moon

The price seems to be holding at a 265 floor. We may stay there for a while and then start climbing up. A correction was expected after the brainwallet cracking paranoia, and certainly all those Mark Karpeles news aren't helping. The value of the Bitcoin protocol stays untouched tho, all of this is plain noise.

You call that panic sell? It only dropped 30bucks, and quickly recovered 10 bucks already. I see no panic, only a big fat whale who wants fiat.

I guess it was a false alarm.

No panics at all.

It was NY cashout because of bit license.  Price will be back to $280 in a week.

Might be, but this dump surely won't last. Great chance to buy at this level.

No volume at all.  Should go one step lower.

Hello
https://lh4.googleusercontent.com/proxy/4hKE2wZ5XafgD0vgx3AXgE9u2zFIIytKzAYikv3YrzTiwZ9ronQ9xY1SSSzusuu_gGPPdS_s47Jz4ZfU5MsDlDW9rUFzp42ak88_0InAKVr4vWyENpN9=w313-h470-nc

If it stays around the $260 for a few days I think people get bored or frustrated and sell to test $250 level.

people are so gullible

3d PSAR switched. Pattern is obvious...

https://i.imgur.com/7uFD9HV.jpg

So you're saying we're back in the bear trend?

We'll be bearish for the next few weeks I think, be prepared to hold  ;D

so... next moon will be : $200 ???


http://goldratefortoday.org/wp-content/uploads/2011/03/gold-chart-71-present.png

Most people see the $30 difference in a different way then you do lol. I dont see why most people freak out unless they hold so much btcs to see the difference.

For me, I just know its going to recover like you mentioned unless it starts dropping $50. Even then I give it a day at most or the week if it`ll recover.

I dont know it may be a selling point for a small brief time, if people tend to go with the trend.

I usually follow the trend if it goes more then 2-3 days of people selling off.

Waiting for sub $250 coins.

Daily MACD and divergence are negative, daily PSAR bearish and unlikely to flip soon, price is close to the lower daily BB.
So I'd be surprised if we wouldn't see 240$ soon. Actually a healthy dump could reach below 240$.

Let's  test $260

i guess because the bit license problem, look! new york required expensive fees in order to register one.
unless new york citizens decided to protest, otherwise, i predict $200

What panic?
Where are you looking charts?

why panic ? nothing special happened

Exact. I don't see any panic sales. People are selling, other people buy, nothing unusual.

Yes. It is similar situation as it was between 1-9 June this year.

But after that: PRICE EXPLODED

But now I thing we will go down.

Was just a small dump and now Bitcoin going high again.

Seems tha a miner would be unloading his coins to pay for the bills or maybe a whale was doing this to buy bitcoins at low prices.

I don't think ask has the slightest clue what is happening. Same as everyone else.

He fooled a few. Even me.

Price is going down.  No buying pressure.  We are seeing lower highs.

Bye bye 270, hello 250.

Catching the falling knife is the best way to buy a lot of btc at a low price. Market depth works in your favour.
soon $300 again

A steady drift downwards. $260 seems to be the new (temporarily) stable level.
Not looking good.

Less than 1h to drop under $260.

...and we're under $260.  support holding off a further drop?  I'm not good at market analysis, but looking at the bitstamp charts shows very shallow buy support...

drop will come maybe to 230$ in the next days

I was trying my best to hold onto some BTC, just to see out the month of september (lots of chatter about economic chaos next month) but I dont think I can stomach any more losses.

The buy support looks super weak, could we even be going down sub $200?  I mean I've seen $50 drops in a single day before, I dont think its unreasonable to move that low in a day or two.

Where did you buy?

what i can say i think price will drop till the end of the month maybe from the september will go up again thats what i think right now about bitcoin



I dont think bitcoin are good for hold these days if you will trade everyday thats PERFECT. but holding BTC, NO.

going below 260 is not new
just watch and wait price will go up again to 280 or close to 300

Not until all this fork business is resolved.

It doesn't make sense to not at least hedge while all this is going on. The price isn't going to rise while there is this much uncertainty. Why would you be buying with any new money right now?

individuals might not, but look at the big money coming into companies from investors.  I mean they can get $80-100 mil investment, why not put some more into btc itself?  I know there's been a lot of talk on here about the wall street money "about to come in!" but I am definitely surprised it hasn't yet.  Once I saw companies liek coinbase getting huge investments thats when I knew institutional money would come in eventually.

All that would do is create a temporary spike and then they'd be dumped on by the hostile brats they bought from.

As is often preached on here, it's mass adoption or death pretty much. You foster mass adoption by creating services and utilities that are hard to resist. That's what they're all up to.

it isn't occurring now because the bitcoin is probably become the safe place for the Chinese stock refugees.  ;D
do you think that bitcoin is actually crashing? i don't agree for this at this moment.

china stocks went down and btc price alsow went down, lol.

it means it has little to do with stocks.