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Title: Will there be an epic dump? Post by: olarsson on May 25, 2017, 12:26:38 PM After this epic rise I expect an epic dump but there seems to be no end to the BTC price increase. It goes up and up every day. Will the dump come? When?
Title: Re: Will there be an epic dump? Post by: FIEX on May 25, 2017, 12:35:33 PM When the wales pull out...
When? Dont know, I think it wont be very soon. Title: Re: Will there be an epic dump? Post by: moviebuff777 on May 25, 2017, 01:01:16 PM After this epic rise I expect an epic dump but there seems to be no end to the BTC price increase. It goes up and up every day. Will the dump come? When? I suspect we will have a big drop this year. I don't see how the price can just keep going up without a big drop and probably pretty soon. Title: Re: Will there be an epic dump? Post by: Red-Apple on May 25, 2017, 01:04:33 PM in crypto space the rise that bitcoin had is pathetically low rise!
i mean have you even checked the rise of altcoins in the past month or two? i guess not :D the altcoins have gone up more than 1000%. if anything is about to get dumped that would be altcoins, and there will be blood bath. in fact they have started getting dumped hard. don't get me wrong this bitcoin price rise is still big and won't last forever. but i am not sure we can call it a "pump" yet to have a "dump" after it. and the drop won't be as big as you may hope so don't keep your hopes up if you missed the chance ;) Title: Re: Will there be an epic dump? Post by: otrkid70 on May 25, 2017, 01:08:04 PM Wow $2673.00 yeah the dump will happen soon. I suspect it will drop the price back down to about $600 just a guess
Title: Re: Will there be an epic dump? Post by: saqwe on May 25, 2017, 01:19:34 PM The rise in the price of bitcoin was long overdue but it is just taking effect in this second quarter of 2017.
Bitcoin is reacting to some fundamental news due to the fact that some countries may adopt bitcoin as a legal tender, prominent among such countries is Greece and spain due to their economic hardship and their failure to secure bail out funds. Just like any economic data, nobody can boldly say this is the extent that the price will rise but we can all enjoy the show will it last. The only thing that is very certain is that bitcoin price will never go below $1000 again. Title: Re: Will there be an epic dump? Post by: BitcoinHodler on May 25, 2017, 01:37:19 PM Wow $2673.00 yeah the dump will happen soon. I suspect it will drop the price back down to about $600 just a guess no way, $600 is a lot. after the dump price will dump down to $200 if we are lucky and if not it will drop down to $0.20 ... {the palm and the face meat here} Title: Re: Will there be an epic dump? Post by: jjacob on May 25, 2017, 01:44:04 PM There definitely will be pull back, but trying to time it is out of the question.
For all you know, Bitcoin could first rise to $5000 and then crash to $4000. ;) Title: Re: Will there be an epic dump? Post by: jubalix on May 25, 2017, 01:45:04 PM its true, back in 2013 15% was a slow day...
that said volumes are bigger so harder to move that said said, the bigger it gets the more volume it can attract think of how it was a big thing to go over $1, $10, $100 and it was, but now $100 movement is meh. think about the absolute de-linkage between face value of fiat and actual value and how every other asset is rigged, the levels of corrupting and bad management. Title: Re: Will there be an epic dump? Post by: tabas on May 25, 2017, 01:48:23 PM There will be an epic dump? I don't think there will be, maybe it is just a correction but sooner or later the normal market of bitcoin rises very quick. And it's hard to believe just like what's happening today we haven't seen a small dump. But I guess the rally is real because of the demand after the scaling issue.
Title: Re: Will there be an epic dump? Post by: spazzdla on May 25, 2017, 01:51:30 PM Yes but it could be from like $17k to 5k soo.................
Title: Re: Will there be an epic dump? Post by: xslugx on May 25, 2017, 02:12:18 PM There definitely will be pull back, but trying to time it is out of the question. For all you know, Bitcoin could first rise to $5000 and then crash to $4000. ;) Please be right please be right please be right I wouldn't like a new pump and dump scheme like we had few years ago, this would be the worst! The only thing that is a bit worrying me is the difficulty of access of trading platforms! You could expect they would have learned no? Well no! Not at all!!! This is stil completely ridiculous, you can barely have access to your account due to their pathetic servers not able at all to handle the number of orders transactions and people trying to buy and sell! Title: Re: Will there be an epic dump? Post by: Amph on May 25, 2017, 02:12:48 PM i believe yes, this last increase above $2k is raising too damn fast, can't be genuine at all they are indeed manipulating now the market, the last one was more slow and could be legit due to increase adoption
but in less than one day 25% more is crazy, still i'm with those that think the dump will not make the price go under $1300 anymore Title: Re: Will there be an epic dump? Post by: 2double0 on May 25, 2017, 02:13:36 PM Yes why not? The price that BTC will need to pay back for this whole rise will be much more amplifying than it sounds at the moment. The crash is inevitable and mind well, when it will take place, it will shock everyone taking it back to $1000 or even less than that. The prices atm are too good to get out when big investors are investing currently.
Title: Re: Will there be an epic dump? Post by: Stavri on May 25, 2017, 02:16:41 PM What is the benefit? To collect more? isnt it too risky atm? There is no only 1 whale but many. There many whales that waiting for a dump to collect more. And when they collect price get even higher than before with the green trend. ;D
Title: Re: Will there be an epic dump? Post by: alyssa85 on May 25, 2017, 02:33:03 PM It's a possibility. According to the following article, we could either see a correction of 47%, or the price will jump to about $6000:
http://www.cnbc.com/2017/05/25/bitcoin-price-correction-record-high.html Quote Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. .On Thursday, bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date.bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date. Meanwhile, the number of long positions – those betting on bitcoin to rise – has risen 18.2 percent, while short positions – those thinking the cryptocurrency will fall – have declined 10 percent since the start of the week, showing that traders are getting more bullish on the cryptocurrency, according to data from Bitfinex. One technical analyst, who looks at historical trading patterns to determine future price moves, told CNBC that the $2,800 could mark a level of resistance where the bitcoin pulls back The article then goes into stuff about fibonacci waves. Title: Re: Will there be an epic dump? Post by: aggarwal233 on May 25, 2017, 02:43:56 PM Chances are pretty much more after such kind of pump and parabolic rise....
Title: Re: Will there be an epic dump? Post by: Junko on May 25, 2017, 02:44:27 PM Well there doesn't seem to be an end to the high demand. More and more people want in and the people who are already in want more. A significant correction is inevitable for sure. But another way of looking at it is that we are currently in a long overdue upwards correction. ;)
Title: Re: Will there be an epic dump? Post by: marcuslong on May 25, 2017, 02:50:49 PM After this epic rise I expect an epic dump but there seems to be no end to the BTC price increase. It goes up and up every day. Will the dump come? When? I think there's no dump will happen after all country adoption of bitcoin is the reason why bitcoin price increase that much. Japan and Hawaii will led the market soon as the market cup of bitcoin it reach $40b Dollars already. Im pretty sure that there's no dump will happen agains bitcoin currency chances are probably but not that much.Title: Re: Will there be an epic dump? Post by: talks_cheep on May 25, 2017, 04:10:34 PM LOL
There will be many EPIC dumps in the coming days. Btc exchanges will be flowing with red blood. Most of you reading this will lose everything, including the shirts on your back. Your wives and daughters will be selling their bodies, your sons will be selling their organs. Thank God for BTC!!! Title: Re: Will there be an epic dump? Post by: European Central Bank on May 25, 2017, 05:03:13 PM there's an army of noobs. noobs mean weak hands. none of them understand what they're getting into and they'll screw up eventually.
Title: Re: Will there be an epic dump? Post by: Xember on May 25, 2017, 05:09:40 PM there's an army of noobs. noobs mean weak hands. none of them understand what they're getting into and they'll screw up eventually. Is that the reason for the big drop just now? Title: Re: Will there be an epic dump? Post by: European Central Bank on May 25, 2017, 05:11:21 PM Is that the reason for the big drop just now? it went up too fast based on pretty much nothing. it came down for the same lack of reasons. the air is thin at those levels. Title: Re: Will there be an epic dump? Post by: alyssa85 on May 25, 2017, 07:17:26 PM It's a possibility. According to the following article, we could either see a correction of 47%, or the price will jump to about $6000: http://www.cnbc.com/2017/05/25/bitcoin-price-correction-record-high.html Quote Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. .On Thursday, bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date.bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date. Meanwhile, the number of long positions – those betting on bitcoin to rise – has risen 18.2 percent, while short positions – those thinking the cryptocurrency will fall – have declined 10 percent since the start of the week, showing that traders are getting more bullish on the cryptocurrency, according to data from Bitfinex. One technical analyst, who looks at historical trading patterns to determine future price moves, told CNBC that the $2,800 could mark a level of resistance where the bitcoin pulls back The article then goes into stuff about fibonacci waves. Further to the post above, looks like the dump has started. If it pans out the way they predict, the bottom is about $1500. Be careful out there folks! Title: Re: Will there be an epic dump? Post by: 2double0 on May 26, 2017, 08:53:33 PM It's a possibility. According to the following article, we could either see a correction of 47%, or the price will jump to about $6000: http://www.cnbc.com/2017/05/25/bitcoin-price-correction-record-high.html Quote Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. .On Thursday, bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date.bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date. Meanwhile, the number of long positions – those betting on bitcoin to rise – has risen 18.2 percent, while short positions – those thinking the cryptocurrency will fall – have declined 10 percent since the start of the week, showing that traders are getting more bullish on the cryptocurrency, according to data from Bitfinex. One technical analyst, who looks at historical trading patterns to determine future price moves, told CNBC that the $2,800 could mark a level of resistance where the bitcoin pulls back The article then goes into stuff about fibonacci waves. Further to the post above, looks like the dump has started. If it pans out the way they predict, the bottom is about $1500. Be careful out there folks! The levels that this analyst suggested were to be touched based on Fibonacci levels, and charts are not to be trusted always in bitcoins because this market is too much speculative and goes its own way, I would say we may see a correction wave back to 2800 (where that analyst said that bitcoins should reach) after which it will crash back to 1450. But, as bitcoin is gaining importance as well as audience, so is everyone trying to get their hands on its fame to get popular themselves by "predicting" about it. Title: Re: Will there be an epic dump? Post by: N7Pathfinder on May 26, 2017, 09:33:32 PM Is that the reason for the big drop just now? it went up too fast based on pretty much nothing. it came down for the same lack of reasons. the air is thin at those levels. From what I have noticed is that there are large amounts of coins being dumped at certain times of the day! The price drops $350 then they buy the coins again and sell them the next day when the price goes up and so on! There is no price correction here, this is market manipulation which worries me to be honest! I don't know how they are able to do that but that's not good for the Bitcoin market. Title: Re: Will there be an epic dump? Post by: Slow death on May 26, 2017, 09:52:47 PM Wow $2673.00 yeah the dump will happen soon. I suspect it will drop the price back down to about $600 just a guess Oh you're right... I'm very angry, I was already seeing the $3000 door but my hopes are gone @2double0 "The levels that this analyst suggested were to be touched based on Fibonacci levels, and charts are not to be trusted always in bitcoins because this market is too much speculative and goes its own way, I would say we may see a correction wave back to 2800 (where that analyst said that bitcoins should reach) after which it will crash back to 1450. But, as bitcoin is gaining importance as well as audience, so is everyone trying to get their hands on its fame to get popular themselves by "predicting" about it." Really? Drop to $1400? Title: Re: Will there be an epic dump? Post by: N7Pathfinder on May 26, 2017, 10:23:53 PM There will be another big whale dump over the next 1-2 hours. This is happening daily, watch and see!
Title: Re: Will there be an epic dump? Post by: jubalix on May 27, 2017, 12:14:15 AM I think the dump now is healthy .... it did not moon so much, and is not dumping is no to bad ... yet.
Title: Re: Will there be an epic dump? Post by: ngin-x on May 27, 2017, 12:58:40 AM The price has moved up way too quickly. It has doubled in a month. There will be a dump no doubt but will it be too sudden or a slow one in phases, that's the question. We are seeing a dump happening again now as we speak. I probably made a big mistake buying very high but I have no choice but to hold now even if price dumps to $1400.
Title: Re: Will there be an epic dump? Post by: alyssa85 on May 27, 2017, 09:36:43 AM It's a possibility. According to the following article, we could either see a correction of 47%, or the price will jump to about $6000: http://www.cnbc.com/2017/05/25/bitcoin-price-correction-record-high.html Quote Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. .On Thursday, bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date.bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date. Meanwhile, the number of long positions – those betting on bitcoin to rise – has risen 18.2 percent, while short positions – those thinking the cryptocurrency will fall – have declined 10 percent since the start of the week, showing that traders are getting more bullish on the cryptocurrency, according to data from Bitfinex. One technical analyst, who looks at historical trading patterns to determine future price moves, told CNBC that the $2,800 could mark a level of resistance where the bitcoin pulls back The article then goes into stuff about fibonacci waves. The dump has started, Bitcoin is below $2000. According to the article above, it could go to $1470: Quote Currently, the bitcoin world is in "wave three" and according to Duke's analysis, $2,800 could be the level at which bitcoin begins its fall. The price is likely to hit $1,780, but could even fall as far as $1,470, Duke told CNBC. This would mark a 46.5 percent decline from Thursday's high. Title: Re: Will there be an epic dump? Post by: talks_cheep on May 27, 2017, 12:57:06 PM The price has moved up way too quickly. It has doubled in a month. There will be a dump no doubt but will it be too sudden or a slow one in phases, that's the question. We are seeing a dump happening again now as we speak. I probably made a big mistake buying very high but I have no choice but to hold now even if price dumps to $1400. thanks for your honesty, but you are one of many here in the forum who will lose his shirts. your greed has led you to your death. Title: Re: Will there be an epic dump? Post by: coolsai on May 27, 2017, 01:04:52 PM The dump is well under way but I think its almost finished, the pump was very fast and so will the dump be. It seems epic in absolute numbers but percentage wise its a very small dump compared to previous ones.
Title: Re: Will there be an epic dump? Post by: N7Pathfinder on May 27, 2017, 01:27:49 PM Anymore expected dumps to happen soon? Should I buy or wait a little more?
Title: Re: Will there be an epic dump? Post by: MMysterious on May 27, 2017, 03:56:12 PM If there's a pump there will always be a dump, that's how trading goes. The question is when will be the heavy dump.
Title: Re: Will there be an epic dump? Post by: N7Pathfinder on May 27, 2017, 04:06:19 PM If there's a pump there will always be a dump, that's how trading goes. The question is when will be the heavy dump. So are you expecting another big dump after the one happened today? Looks like big purchases are happening again now. The whales are buying back I suppose. Title: Re: Will there be an epic dump? Post by: saqwe on May 27, 2017, 04:31:38 PM Everything is working fine with bitcoin until the large miners reach consensus to drop the price every 6 months by creating an artificial hard fork.
Please read https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77 You can contact me if you want to know the next hard fork but especially on how to protect your bitcoin investments or savings. Title: Re: Will there be an epic dump? Post by: eaLiTy on May 27, 2017, 06:57:51 PM If there's a pump there will always be a dump, that's how trading goes. The question is when will be the heavy dump. It all depends upon how the big time investors plan on booking their profits,lets get the facts straight,for the past few days most of the major exchanges were having issues when it comes to bitcoin and alt coin investment and withdrawals and some web wallets were also having issues and i think these things were connected with the correction we saw today.Title: Re: Will there be an epic dump? Post by: xslugx on May 28, 2017, 04:02:20 PM there's an army of noobs. noobs mean weak hands. none of them understand what they're getting into and they'll screw up eventually. Well I don't know if noobs are responsible but we had our epic dump. I'm not worried though, rather the contrary. It was NOT an healthy rise whatever some fanatics were saying. It was not an horrible bubble but it's not a normal rise. Why should the price double in less than a month? Everyday we had like 5% rise, without any serious correction (apart the few 50$ ones) It's great we had a good old dump. Now price will steadily rise again and we'll be able to sell the coins we bough in the dump ^^ Title: Re: Will there be an epic dump? Post by: dothebeats on May 28, 2017, 04:08:01 PM Then it happened, a cutesy little dump was made from $2700 to $2000. Surprisingly it didn't pushed down a little further which I see would possibly happen considering the rise that we have had. Anyhow, it's good that it held the $2000 ranges and if anything, we are headed to a nice bullish trend soon.
Title: Re: Will there be an epic dump? Post by: singularityisnear on May 28, 2017, 06:49:45 PM Epic is a bit of an exaggeration. If this was an epic pump for you, you'd be surprised a few years ago, and will probably have bigger surprises for the months to come.
Title: Re: Will there be an epic dump? Post by: sasaku bitbit on May 29, 2017, 03:17:04 PM Then it happened, a cutesy little dump was made from $2700 to $2000. Surprisingly it didn't pushed down a little further which I see would possibly happen considering the rise that we have had. Anyhow, it's good that it held the $2000 ranges and if anything, we are headed to a nice bullish trend soon. It is surprising that doesn't push down a little further I see would be likely to happen given the rise we had. However, it is good that it held ranged from $2000 and if there are, we're heading to a nice trend bullish soon.Title: Re: Will there be an epic dump? Post by: phr0stbyt3 on May 29, 2017, 03:35:19 PM Yes surely dump is basically a trading technique people wait for the price to sky rocket and when they think profit is sufficient they sell , because of this the price falls and then 70% of the people who sold wait for the price to go super low and then buy again. We will surely see more dump in future as dump create profit for many which in return kind of forces them to say with bitcoin. If the price is continuously growing only a really big dump can occur which can lead to bitcoin even being dead.
Title: Re: Will there be an epic dump? Post by: N7Pathfinder on May 29, 2017, 04:13:32 PM If the price is continuously growing only a really big dump can occur which can lead to bitcoin even being dead. Do you mean a big dump is less likely to occur if the price continuously go up? Title: Re: Will there be an epic dump? Post by: AK47- on May 29, 2017, 04:25:45 PM Bitcoin is a volatile asset. So, we will keep seeing ups and downs a lot. In the month of may, we saw a ridiculous increase in price. That was most likely to end in a dump. But I feel bitcoin is lot stronger now. It will not drop a lot. It will keep fluctuating between $1900-$2500 as for now.
Title: Re: Will there be an epic dump? Post by: Baofeng on May 29, 2017, 05:20:39 PM The weak hands has already sold all their bitcoin. They are shaken and scared that why they already dump their coins. There will be no epic dumps. Well not for now because it looks like the price is holding for long now at around $2200. There are few dumps here and there but just a few bitcoins not like the 50-100 BTC dumps we see in the beginning of this dump.
Title: Re: Will there be an epic dump? Post by: alyssa85 on May 29, 2017, 06:19:50 PM Then it happened, a cutesy little dump was made from $2700 to $2000. Surprisingly it didn't pushed down a little further which I see would possibly happen considering the rise that we have had. Anyhow, it's good that it held the $2000 ranges and if anything, we are headed to a nice bullish trend soon. It is surprising that doesn't push down a little further I see would be likely to happen given the rise we had. However, it is good that it held ranged from $2000 and if there are, we're heading to a nice trend bullish soon.Yeah, I was expecting it to go to $1500. I'll be happy if it consolidates for a while in the $2000 to $2500 range. Title: Re: Will there be an epic dump? Post by: skorupi17 on May 29, 2017, 06:52:28 PM If the price is continuously growing only a really big dump can occur which can lead to bitcoin even being dead. Do you mean a big dump is less likely to occur if the price continuously go up? It would seem that you misunderstood. The big dumb will only occur when the bitcoin's price continue to increase tremendously. Big pump is equal to big dump, that is the logic present there. You should neglect the "bitcoin being dead" part there because that will never happen only because there is a big dump happens. It is a normal scenario so just stay calm ;) |