Bitcoin Futures cause of drop?

[dlagwagon]

Obviously we're witnessing a pull-back/correction whatever, does anyone have any opinions as to how big of a factor these bitcoin shorts that expire tomorrow afternoon are playing? Or do you think the Korean/Chinese dilemma is the cause? Just trying to put things in perspective. Great buying opportunities though. I fully believe in crypto-long, but I'm curious as to causes of shorter fluctuations like this.

Cheers

[TimtheYoutuber]

They might have caused a little bit of it. If you are interested you can check out my YouTube video that I made today talking about the red market https://www.youtube.com/watch?v=zE3IhsSrAOg&t=0s

[dlagwagon]

Thanks man. I liked the video too. Hopefully we'll see a sign after the futures stuff is up tomorrow, and people come to the realization that no matter what any specific country does in the short term, it will not stop the long term evolution and adoption of crypto. There will surely be road bumps, but there is with everything. If you really believe in crypto, you're focused on the innovation and progress rather than share prices at some isolated moment in time.

[twentix]

Definitely...

[dlagwagon]

I think that the longer the timeline you use to reference progress in the market the better off you'll be, look at monthly trends rather than daily. I mean if you're long, why are you focused where you'll be in two weeks? I can't even say when I'm planning my out here, so if I don't know when I'm even getting out I can't really make any comparison as to whether my gains are satisfactory. I don't know how much they'll go up, we've gotten spoiled with 300% gains in a day or two, but in the stock market, people are doing well to secure 10% gains a year.

Getting 40% gain on the year would be a huge disappointment for most of us because we're salivating over the potential moonshots. Anyone who is financially savvy would call the opportunity to gain "only" 40% in a year a once in a lifetime one. Be content with longterm and sometimes dull progress, but also keep your eye on the market for the next big thing. 5 years from now, this will be an entirely different scene, we must be fluid and adaptable to minor doubts in the short term.

I feel like these are the days of the early internet. We're investing in the "intels" "IBM", "DELL", "Microsofts", etc. In crypto, BTC, ETH, etc., will probably form the foundation of the emerging industry and new innovations beyond our current comprehension will present themselves and we will be watching and waiting. I mean just the awareness of how fast innovation will come will help keep this in perspective for you. Look how far music downloads have come, or ordering shit online, or our smart phones. The brilliant minds behind that type of stuff will be getting behind crypto and coming up with amazing things. We're yet to see the biggest crypto in my opinion.

I'm not so much banking on any specific coin right now. I'm betting on the fact that the market cap of crypto will continue to grow as the technology becomes more accessible and practical. Perhaps the Facebook and Amazon of Crypto industry aren't even conceived yet. I guess just trying to look at the big picture helps to keep this shit in perspective. I'm risking money that I'm willing to lose, but the hopes of big gains corrupt the detached, and analytical mindset that I feel is crucial to success. It's a struggle, but I try to be objective.

[dsaijz03]

They might have caused a little bit of it. If you are interested you can check out my YouTube video that I made today talking about the red market https://www.youtube.com/watch?v=zE3IhsSrAOg&t=0s

I like the video too bro me too really do not have idea about what is happening in the market but your video give me some idea.

[withche.07]

I think it might have caused just a bit, just soo small. Its all about correction in my opinion, rally after rally has affected the prices. Markets will recover in 2 months maximum. 2 months...

[blue_nexus15]

Obviously we're witnessing a pull-back/correction whatever, does anyone have any opinions as to how big of a factor these bitcoin shorts that expire tomorrow afternoon are playing? Or do you think the Korean/Chinese dilemma is the cause? Just trying to put things in perspective. Great buying opportunities though. I fully believe in crypto-long, but I'm curious as to causes of shorter fluctuations like this.

Cheers

There are a number of reasons why bitcoin has fallen so sharply over the years, many of which have had a strong impact on investors' perceptions and have discouraged them from selling so much bitcoin. for bitcoin is very pricey carpet. I think this value is when big investors will jump in and keep a lot of bitcoin to invest in 2018, see how things go.

[jclick]

They might have caused a little bit of it. If you are interested you can check out my YouTube video that I made today talking about the red market https://www.youtube.com/watch?v=zE3IhsSrAOg&t=0s

Good description and informative video.

What i assumed if any bad news comes like recent news of Bitthumb and Coinone trading sites , It was clear they were raided the office for Income Tax not for cryptocurrency trading. But Hoax was there they are going to raid due to Cryptocurrency. But later authorities cleared the image they just raid the office due to Income Tax not because of dealing with Cryptocurrency.

And usually newbie got panic and started dumping there hard earned bitcoins. 

[rkrams]

The extent to which MSM has been sensationalising any disruptive news to crypto is really despicable, and also the lot of new traders getting cold feet quick before researching these news.

[SriNr]

Bitcoin futures are expected to bring some stability to the wild cryptocurrency market, but not at the start.

[apur688]

In my opinion, bitcoin akam falls within the next few days. Can be observed on some price charts in some well-known markets. But do not worry about this, because bitcoin will rise slowly in a few days and even weeks into the future.

 Do not rush to sell it now because it can cause you a huge amount of loss. Just hold your altcoin until next month. If you want price bitcoin information and predictions ahead, follow some channels on the telegram, there are many best channels in predicting bitcoin prices. thank you

[MarchToke]

The fluctuation of price can usually cause many circumstances like increase of panic selling, decreases of traders and investors. This may be the result if bitcoin value will going to drop. And this is normally happens and expectedly crypto market will be in crisis also. 

[Edwinc08]

Many useless ICO's are flooding money out of other altcoins, causing them to drop and then causing people to panic and sell and making the market drop more.

[kindbtc]

This was due to MtGox who dumped large amounts of btc to refund their investors according to court orders, so they were dumping over last couple months and published the report couple days ago that caused the panic.

[Puroc]

Others are right and some others are not nor I am saying is correct, like too many scam ICOs are coming out and it does affect the impact of Bitcoin price to drop since many are being afraid to invest on it thinking they might be scammed by others.

[bozo333]

This was due to MtGox who dumped large amounts of btc to refund their investors according to court orders, so they were dumping over last couple months and published the report couple days ago that caused the panic.

This thread was created in 2 months ago but Mt Gox issues are occur in 3 days ago so before to post you should check the thread opening date. Bitcoin is drop at the same time again it will raise so some peoples are so not the considered the price fluctuation they need only profit but both positive and negative are happen we just agree the exact situation.

[minbosen]

I think it might have caused just a bit, just soo small. Its all about correction in my opinion, rally after rally has affected the prices. Markets will recover in 2 months maximum. 2 months...

In my opinion, there will be no big pump or dump any more. There are much newbies in this market, experienced investors choose to hold on or left early, so the market will recover But not Too high.

[wo_ki]

Drop of Bitcoin was coused selling manager MTGOX becouse he sell bitcoin on exenges on four hungred millions $$$. Croud start panic sell and price go lower and lower. Now we will see what will be with price.

[Asuka]

I think it might have caused just a bit, just soo small. Its all about correction in my opinion, rally after rally has affected the prices. Markets will recover in 2 months maximum. 2 months...

In my opinion, there will be no big pump or dump any more. There are much newbies in this market, experienced investors choose to hold on or left early, so the market will recover But not Too high.

The market now are slowly recover from the huge dip in the past month, but the value of bitcoin now are volatile around $12000-$13000. I hope the bitcoin price will be reach $50K before the end of this year.