The panic selling has begun

[Terwa]

What panic?
Where are you looking charts?

[Natalia_AnatolioPAMM]

why panic ? nothing special happened

[liteon]

why panic ? nothing special happened

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

[ask]

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$.

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

But after that: PRICE EXPLODED

[ask]

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$.

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.

[Derrike]

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.

[rjclarke2000]

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

He fooled a few. Even me.

[ask]

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

Bye bye 270, hello 250.

[bitcollins85]

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

[botany]

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

Bye bye 270, hello 250.

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

[ask]

Less than 1h to drop under $260.

[MF Doom]

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...

[Kimochii]

drop will come maybe to 230$ in the next days

[MF Doom]

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.

[klee]

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?

[Kimochii]

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.

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.

[Kasawari]

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

[dreamspark]

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?

[MF Doom]

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.

[gentlemand]

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? 

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.