Bitcoin Forum

Bitcoin is being dumped real hard. What do you think it is happening to cause such a downturn? Anything related to Ethereum, cause it keeps getting up...

540usd right now!!!!

It seems that there are a lot of panic sellers and the price will not stop going down til they finish selling their coins. it seems that some whales are shorting bitcoin. anyways the halving is very soon, lets wait and see what is going to happen

Yes there's a lot of newbies thinking that buying Bitcoin today will make them rich after a few months and now that they see a sudden drop they are scared that they might not recover their investment. What they don't know is that this kind of behavior of Bitcoin is normal that they need to get used to.

Yeah pump and dump is normal it always happen all the time. Thats how we get profit in btc. And this is good for traders unless they bought in a higher price.

The question is when will be the Next Bitcoin Pump? PnD groups are pumping altcoins right now, once they are done, BTC will be Pump again.

Surprisingly the posts being made in these topics on this forum are not so much better than the ones in /r/bitcoinmarkets

It is just natural reaction for so high jumps of price. in next week we will see stabilization and high race over $800 maybe even $1000

however, it will become steady for a moment soon, because the price of bitcoin is dependent.
do not spread FUD to horrify the people here, lol.

it seems that it is stabilizing at this point... the next few hours will be crucial to see if it holds. The Halving is coming soon now, so if the volume of demand keeps at this pace, the logical thing to happen will be a constant rise on the price.

Epic shakeout. Enjoy the discount.

Price is not yet stable. For the past 4 hours the price that I've seen posted by preev is $556, $566,$590 and now $570.
We might be seeing this in next couple of days until its stable and see a new floor price of Bitcoin. Too bad we did not see Bitcoin hit $800, just barely.

Exactly this. People were waiting for the price to go down to enter the market. Now, here is your chance to start buying at sub $600 prices.

dumping the last pump it's not what i call dumping the real value, the last pump was hardly considered stable

so i see nothing wrong if the market want to play to reach the solid value, you can not expect a rock solid value after a pump like that, it need plenty of consolidation

Yes, perfect time to increase number of bitcoins in wallet, price is good for making some extra investment, as price is expected to go higher at halving.

Exactly! That's probably the last moment to buy cheap Bitcoin. I don't expect that price will go more down, and after halving some people predict that price of Bitcoin can jump even up to $3000 !!! Time will show.. :D

$3k is difficult to achieve after the halving as it is too high to expect in such a short duration, the price that we see at halving would be the highest, as price will start going down after the halving.

Yeah youre right.just think positve that bitcoin will reach 3000$ next year.. they already predicted what will be the price of bitcoin in 2018,and.it will reaching the massive price of 10,000$

not that hard,it's natural,if bitcoin price was too stable,the market will getting slow as people don't have chance to make profit from it,sometimes when price rising,bitcoin need time to get into the stable position

reaching $3000 is not part of the story while we are still far below the $1000 price level. at this point we don't even know whether or not we'll hit $800 just before the block halving.

Zoom out and look at the chart. It has, it is, and it will forever be like this. Each pump is followed by a dump. That's simply a good way to make money on crypto.

I think the dump after the pump can give some people the opportunity to buy the bitcoin cheaply. It is good for them.

Pump will never allow you to earn bitcoin cheaply as price will be higher at that time but price will fall when you experience a major dump and that is the right time to buy bitcoins.

Unless you're the one orchestrating the dump, you profiting from it is pretty unlikely ("don't catch a falling knife" bit).

You are right. We are not the people controlling the price, so if we buy now, the price could go lower and we will lose.

Yeah, it's gonna be like this for a while before maybe another pump before the halving. Who knows, if you bought when the price was still ~$200, you can cash out for profits now.

No this todays dump is nothing BTC will not became low now some persons is panik  but for my look is time to buy it and hold next month price will up 1000$

There is no assurance that price will touch that price, if you can afford to buy and afford to loose then you can go for it, as I don't see any positive impact on price from halving.

It's not set in stone that price will rise to $1000 soon. I doubt it to be honest.It's more likely you will need way more patience than you expect.Another 6-8 months from now, maybe a bit more, wouldn't surprise me before we see the 4 figures again.And then it's not sure if it will be already on a sustainable level or not.

Traders are earning a lot of money in this times, they selling and then buying a lot. Probably that make price moving up and down all the time. Can you imagine what few big players can do with lot of money? Bitcoin is still young and sensitive about that things, I think we can expect things to be like this in next month or two.
But be sure that even when the price goes down, someone is waiting exactly that to buy cheap coins. After that rise will come, btc will worth a lot of money one day, for how long can we hold our coins its a big question.

It looks like the driver aka the pumper has gone and left bitcoin running like a headless horse. The price action really looks a lot like it will go further down below $600 when the other traders start selling and realize that there is no more upside momentum coming. But who knows, maybe the pumper is still there waiting for the right time to buy it up again.

thats true, dumps usually allow all people to top up their bitcoins and then hold it all for higher prices in my opinion thus you can make some good money out of such things

bitcoin will soon start getting back to its previous prices in my opinion and people will jump back into buying all the bitcoins thus there will soon be one more huge pump i think

If people will continue to buy then we may see major pump in near future, but at a moment I think no one is willing to buy and that is the reason price is stable now.

Don't panic boys, these short lived dumps are nothing significant. It is only test drive before halving. There is couple possible scenarios possible:

- price will be relatively stable until halving and then we will see pump and dump

- price will be stable, halving will hit us and price will deflate without any pups because people will be dumping hard

- price will be stable for now and halving will have small impact on the price - and after some time after halving we will have price increase, most likely in the 2nd half of the year

If it does than that is the time to buy. I am waiting for it to go below $500 again before I buy any but that might not be until after the halving. Once all the hype has gone.  ;)

halving the closer, so I think it will be increased not decreased.

10 days left for Bitcoin block halving, I think we're going to see massive pump next week I'm hoping for $800.

I will be shorting majority of my bitcoin holding if price again touch 800$ in near future. Lots of speculation and manipulation going on in bitcoin market so it will be better to have both fiat and few bitcoins in hand during halving period.

I wish we had a dump but I doubt it. The weak hands have sold already and the next profit taking area will be higher as the Trading range is getting tighter and tighter all the time.

This is usual since the beginning of bitcoin, once there is a big pump, expect a big dump too.

The important thing to look at, is the correction. Where it will be landed after the big pump? It's more to put concern that the panic selling that will happened after such huge pump.

I think we had the dump already from 780 to 540 and now it is stablizing to 630-650 area from where the odds are higher to go up than down IMO. Obviously it is not guaranteed to rise so there is a probability of 20-30 % to furter go down. It is your job to decide if this probability is high or low.

Let's be real. A dump is unevitable. It can't always be summer. The price going down is just a sign how much bitcoin's market cap is being manipulated.
We have to deal with it.

Basically a price recovery which I only see fit beacuse the event hasnt taken place yet.

But I can only imagine if the event was already over it would fell harder in my view. Fear is what drives people to sell off naturally so I can see that happen.

The value of Bitcoin is uniquely determined by the marketplace of buyers and sellers – how many people want to buy, or sell, for how much. Bitcoin price is going down because we are starting to use Bitcoin to buy things instead of holding Bitcoin for speculation.

fear can only change the price so far, it depends on the type of the fear. for example this fear is usually because of the price and since it is nothing too serious the change is never so big as we saw recently from the dump back to below 600 and this fear will always stop and change course just like the jump back to above $600 and stability there.

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I am not selling at these price. If the price double, I will use 10% of my coins. If it doubles again, I will use another 10%.