Bitcoin dropped $10 fast after pump and dump

[ihodbuck]

https://i.imgur.com/orukQUs.jpg

[bitsum]

its because people putting money into bitcoin upon greece news.I myself believe they should wait for some time to see real influx of money coming from greece and not react to such news spontaneously.

[Morecoin Freeman]

I've been trading bitcoin since 2013. I learned not to chase a pump / buy near the top. Like always people will get burned...

[funtotry]

Yea just saw that. It amazes to me how fast it went up and down. A couple dollars just like that.
I think theres gonna be a lot of ups and down with people betting and holding with the greece decisions

[monbux]

its because people putting money into bitcoin upon greece news.I myself believe they should wait for some time to see real influx of money coming from greece and not react to such news spontaneously.

This.  The problem is that it's much easier to make bitcoin drop than it is to make it rise, in my opinion.  If a dumper comes, idk, there might be a possibility that he'll scare the potential buyers away?  People getting excited but it might not have an actual direct effect at all, its currently just the drama making the chart dance.

[Alley]

What's your point?  It's already going back up.

[funtotry]

Showing a 267 now, just went to the washroom and came back, up 2$
This is crazy!
Going out for a walk right now, maybe when I get back it will be at 267,000???
I can only hope

[titulng]

$10 is nothing, I think the price would raise $100 in this month

[WhatTheGox]

its because people putting money into bitcoin upon greece news.I myself believe they should wait for some time to see real influx of money coming from greece and not react to such news spontaneously.

That way you will end up paying more, by the time you get in the price could easy double with such a volatile stock.

[JerryCurlzzz]

$10 is nothing, I think the price would raise $100 in this month

Exactly, and that's quite possible. When we get a big spike up like that, I know to layer bids down $8-15 underneath the spread, because irrational spikes like this always happen. And there is not enough bids on the book to keep the price up (momentarily). Snatch up them coins! Price won't stay down for long in a market like this.......

[Amph]

ordinary swing mate, demand is fighting supply, and apparently is winning this time

next time you should open a thread for something more significant, like an increase or decrease of 100 at least...