Bitcoin is crashing. Why? :(

[flock123]

crashing ??

I think what you mean is the declining price of bitcoin
but it can happen crashing because bitcoin prices tend to decline

[NorrisK]

People are selling their BTC that they made of ethereum while they are still ahead.. If you look at the ether volume it is no coincidence that there is a lot of sell pressure on bitcoin. (probably some big holders cashing out).

[jeffthebaker]

Bitcoin has gone into panic sell mode. Once the price dips, weak investors begin cashing out. All we can do is wait for the trend to even out, and for the market to eventually correct itself. Shouldn't take more than a couple of days.

[acquafredda]

People are selling their BTC that they made of ethereum while they are still ahead.. If you look at the ether volume it is no coincidence that there is a lot of sell pressure on bitcoin. (probably some big holders cashing out).

I was looking at the charts and I noticed the same thing. I think it is as you say since in the last weeks we had a pretty stable price pattern.

I'll wait some more days to see whether this is confirmed or not.

 

[randy8777]

it's not really a crash. some one cashed out his coins or simply wanted to cause panic sellers to sell it down. i think it won't go below $260 on the major exchanges. btc-e is always lower.

[to1ga]

https://i.imgur.com/tcNDEPZ.png

Calm your friends.
I see our future might be rising.

[investspot]

Because you're not buying coins

I think so. 

[ajareselde]

https://i.imgur.com/tcNDEPZ.png

Calm your friends.
I see our future might be rising.

Exactly my point. There is no scenario where bitcoin price goes straight upward, withouth any slips down.
If the people that are hoarding coin would just buy and never sell , they would have to buy each time at a higher price. Selling some in large batches shakes off
weak hands and lowers the price, which gives them a chance to buy more on a lower level.
hodl and wait, just for one year, and you will get results.

cheers

[newflesh]

Wouldn't call it a crash by any means.  Hope this isn't the start of more bitcoin iz doomed!!!11 threads, save that shit for the speculation board

[okae]

i cant see nothing that tell me that bitcoin is crashing, i just see a simple dump thats all, like always...

maybe we are just a little bit nervious

[AtheistAKASaneBrain]

The marketcap is tiny and there are people holding tons of coins manipulating the market at will. We can't do anything about this unless a whale wants to fight back and create bull pressure, since we are still far from mainstream adoption that's all we can hope for.

[Daniel91]

It seems that the Bitcoin users behave similarly as real brokers on the stock exchange.
When the value of the shares starts to fall this creates a panic mood and everybody sales, which further affects the decline in value of shares.
Smart investors know that it is the best time to buy stocks and earn good profit later, when value of the shares increase again.
It's the same with BTC.
So, don't worry much about value of bitcoin but buy now (when its value is lower) and earn later

[Herbert2020]

Why is it crashing?

it most definitely sucks to see the bitcoin price go down. but i don't call it a crash since it has not gone so far down. the $10-20 price change is something normal for the volatility of bitcoin.

[Amph]

people need money to do their vacation, there the reason for the crash, i've always stated that summer isn't that great for a pump, too much distraction, autumn is much better if you want to see a good price increase

[NorrisK]

people need money to do their vacation, there the reason for the crash, i've always stated that summer isn't that great for a pump, too much distraction, autumn is much better if you want to see a good price increase

Wasn't the pump to 260 before the November 1200 during the summer? It may be an excellent time for a pump die to people not having access to their coins to dump on a higher price.

[Amph]

people need money to do their vacation, there the reason for the crash, i've always stated that summer isn't that great for a pump, too much distraction, autumn is much better if you want to see a good price increase

Wasn't the pump to 260 before the November 1200 during the summer? It may be an excellent time for a pump die to people not having access to their coins to dump on a higher price.

was in april, so spring and not really summer, with summer i'm mostly talking about august as a bad month for a pump and probably more good for dumping, in fact there was a dump after that 260 in april

[Wexlike]

People are selling their BTC that they made of ethereum while they are still ahead.. If you look at the ether volume it is no coincidence that there is a lot of sell pressure on bitcoin. (probably some big holders cashing out).

I just don't understand why people are buying ethereum for a higher price than the ipo price of 2000 ether per bitcoin. So many dumb people in this market.

[erikalui]

I don't know what happened in just 4 days and the rate has just declined. I have just had a loss of about $0.6 as the amount I have is less but it must be even more who are saving their bitcoins. It's seriously not a good sign.

[Wexlike]

I don't know what happened in just 4 days and the rate has just declined. I have just had a loss of about $0.6 as the amount I have is less but it must be even more who are saving their bitcoins. It's seriously not a good sign.

Bitcoin lost 5,5% in value in the last 24 hours. That means you have 11.4 $ in bitcoins. Math, wow.

[erikalui]

I don't know what happened in just 4 days and the rate has just declined. I have just had a loss of about $0.6 as the amount I have is less but it must be even more who are saving their bitcoins. It's seriously not a good sign.

Bitcoin lost 5,5% in value in the last 24 hours. That means you have 11.4 $ in bitcoins. Math, wow.

LOL! I said in 4 days I lost $0.6 and I have now $7.75 while it was $8.35 4 days ago. The price is decreasing rapidly in just 4 days while earlier it used to take a week for the price to decrease. The price used to be stable for a week with $2-$5 decrease/increase.

@jonald_fyookball: I know I don't have much in my BTC account but even I am worried about the price fluctuation just as you or anyone else. I have seen that last month the price was pretty stable at $230-$250 so am a bit upset and hence my frustration over the price.