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[richardsNY]

Not really a flash crash. It's more a chain reaction of people selling hoping to not lose too much on their investment. Flash crash is very deep and very short. It mostly recovers very quickly afterwards.

[zimmah]

I think many people just follow the increase and thought it is going to the "moon". I guess we will soon go back to $230-250.

$350 is a very strong resistance, i dont think it will break any time soon

[Cereberus]

Looks like a flash crash seems to be happening currently, my total guess it will stop about the 380 mark and rise back to 400$ by the end of the night and stabilize around there.

Well you were correct on that mark. It is the end of the day here and it has stayed at that mark and holding there for the last 2 hours.
Now just have to wait until morning to see if your prediction of that rise will actually happen.

[GermanFoobla]

It's weekend and to be honest I don't expect any action now.

Coming week could be important to see the new future for the price.

Will we bypass 400 usd again? Or will the 350 resistence be challenged or even broken..

[UfoRia]

It's weekend and to be honest I don't expect any action now.

Coming week could be important to see the new future for the price.

Will we bypass 400 usd again? Or will the 350 resistence be challenged or even broken..

At 7:30 AM in Beijing my full node exploded. The 370-380 wall is being broken, but only when the large sells are filled and then it will creep back towards 372-375. I think this may be the wall for the next couple of days, unless there is some good/bad news.



Volumes don't seem unusually high, so hopefully this week we hit the resistance wall and then we can gauge which direction to go.


Ufo

[BitcoinBlackjack]

Expect volatility! Any time there is a big swing in prices (either down, or in this case, up), there are flash crashes, adjustments, corrections, and whatever else you want to call them

[xmaxbit]

Now its stuck in 360s . Sooner or later its price is going to go way beyond expectations.

[zodiac3011]

Now its stuck in 360s . Sooner or later its price is going to go way beyond expectations.

we are at the beginning of a new week let's see where the price will go it is 380 right now... pretty stable I think

[Zorrocoin]

I wouldn't consider this a crash because there are many info about bitcoin's price. China is buying BTC so the price went up so fast that people become fear that this will be the next bubble  so they will try to sell back. Just need some time for bitcoin to be stable

Or you can sell now and buy back tomorrow when the price stabilizes. The Chinese are likely to drive the price down soon.

[zodiac3011]

I wouldn't consider this a crash because there are many info about bitcoin's price. China is buying BTC so the price went up so fast that people become fear that this will be the next bubble  so they will try to sell back. Just need some time for bitcoin to be stable

Or you can sell now and buy back tomorrow when the price stabilizes. The Chinese are likely to drive the price down soon.

I think that the price is quite stable right now fluctuating from 360~380. This must be the new bitcoin's price for a while in my opinion

[Cereberus]

It's weekend and to be honest I don't expect any action now.

Coming week could be important to see the new future for the price.

Will we bypass 400 usd again? Or will the 350 resistence be challenged or even broken..

You were exactly right, no action what so ever this weekend.
It is still the same this monday morning at $380ish.

[doublemore]

Looks like a flash crash seems to be happening currently, my total guess it will stop about the 380 mark and rise back to 400$ by the end of the night and stabilize around there.

Flash crash in bitcoin land it 50% at least.  Looks like we could be on another climb to retest the highs of $500 sometime this week.

[Amph]

I wouldn't really call this a flash crash but extreme price fluctuation. It hasn't stabilized for the last 48 hours and I don't think it will for the next 48 either

more like a correction, because we wen too far away with the last pump, and too damn fast, it was expected, because going beyond 500 would mean reaching the ath

[Ilikechineseefood]

Don't think it will go lower than $300

I think it'll stay at around 300, hopefully it will go higher

I'll be content if it stays around 300 but here's to hoping

[greBit]

It would be profitable for day traders to sell now and buy after the flash crash.
The flash crash won't last for long so traders need to be quick.

True. I would suggest sell now and buy tomorrow when the price is low.. As it is bound to be up again in a few days. Not a flash 'crash' as such but more of a 'correction'. Why not take full advantage of it.

[pereira4]

OP nailed the 380 number, this seems like the new floor, it just keeps fluctuating 10 dollars up and down around there. Either someone wants to keep it on there, or it has found a naturally new stable price. As predicted, we are making progress (coming from the last floor which was around a 250 dollar average)

[Mickeyb]

Looks like a flash crash seems to be happening currently, my total guess it will stop about the 380 mark and rise back to 400$ by the end of the night and stabilize around there.

Flash crash in bitcoin land it 50% at least.  Looks like we could be on another climb to retest the highs of $500 sometime this week.

If someone doesn't get nervous enough to dump huge amount and start a panic dump. I hope this won't happen though. People have bad enough taste of this 2 year drought and I am just afraid they are not a but trigger nervous!

[tzpardi]

The volatility is really big issue. It makes very difficult for businesses to start using Bitcoin. The exchanges and merchant service providers impose limits on merchant accounts, and the merchant accounts unable to cash out their Bitcoins in a larger quantity. Until this problem is not solved most businesses will stay away from Bitcoin.

[Amph]

The volatility is really big issue. It makes very difficult for businesses to start using Bitcoin. The exchanges and merchant service providers impose limits on merchant accounts, and the merchant accounts unable to cash out their Bitcoins in a larger quantity. Until this problem is not solved most businesses will stay away from Bitcoin.

it's funny because the only thing that can fix volatility is more merchants joining the party and accepting bitcoin, but they are not joining because of the volatility...

[hitley]

The volatility is really big issue. It makes very difficult for businesses to start using Bitcoin. The exchanges and merchant service providers impose limits on merchant accounts, and the merchant accounts unable to cash out their Bitcoins in a larger quantity. Until this problem is not solved most businesses will stay away from Bitcoin.

it's funny because the only thing that can fix volatility is more merchant joining the party and accepting bitcoin, but they are not joining because of the volatility...

Just patient. As time goes on, there will be more people knowing about bitcoin and they will buy bitcoin so that price will rise. The price rise will attract more people and increase bitcoin acceptance by merchants.