Only 1600 coin making 10$ dump in price

[mobnepal]

I think this is quite abnormal, don't you ?
Price get dumped to 420 range from 430 only due to 1600 coin getting dumped in market.
seems like market is under pure manipulation, constant linear rise with small volume and some dump with large volume. 

[Alley]

Can you post proof that only 1600 coins were sold between all exchanges?

[readysalted89]

Most exchanges have very thin volume order books, and people put up fake walls to frighten people. The volume you see is mostly fake, so it doesn't take too many Bitcoins to make a 10$ dump in price. Probably some of the 1600 coins you say created the dump were the same person's coins he was buying and selling off himself to make his manipulation look more legit.

[NorrisK]

That's why it corrects back up quite fast afterwards..Also, that 1600 coins is more than half a million, which is quite a significant amount to be sold in one go considering the daily volume.

Be more afraid of massive dumps when the buy walls are bigger, more coins can be dumped for a higher price then.

[Next BillG]

In one exchange, 1600 is quite a large amount of money. So it is possible for the price to drop significantly. The wall is too thin.

[Amph]

In one exchange, 1600 is quite a large amount of money. So it is possible for the price to drop significantly. The wall is too thin.

but it dropped only by ten so it's mean that the buy support is really strong around 400, and we don't need to worry

[Cyaren]

Are you sure this is 1600 coins across all exchanges but not 1 exchange?

[anders lokka]

Btc price is unpredictable

[Moneyburner]

1600 coin is still a lot of money as previously mentioned

There is probably a very large group of people chomping at the bits for sub $400 that it probably won't go under $400

[mobnepal]

Can you post proof that only 1600 coins were sold between all exchanges?

I have seen it in markets.blockchain.info under bitfinex but when i navigate to othere exchanger i found same amount on all of those exchanger. Quite confused as that as a total number or indivisual volume for exchanger. 

[richardsNY]

It's because the low volumes and thin order books. On days with high volume you would need a lot more than 1600 coins to get the price $10 lower on Bitfinex.

[maokoto]

It is an amount that I do not think its too low for only a 10$ variation. Probably it will get more stable as more and more people enter into trading Bitcoin, but thinking that there are not so many people doing it, it does not seem strange.

[7Priest7]

I think this is quite abnormal, don't you ?
Price get dumped to 420 range from 430 only due to 1600 coin getting dumped in market.
seems like market is under pure manipulation, constant linear rise with small volume and some dump with large volume. 

Only? 1600 coins aren't enought for you?  People buy and sells much more bitcoins per day than 1600 and that's pretty normal for bitcoins, all those price pumps and dumps are typical day of bitcoin

[andreld]

It is an amount that I do not think its too low for only a 10$ variation. Probably it will get more stable as more and more people enter into trading Bitcoin, but thinking that there are not so many people doing it, it does not seem strange.

It depends on the market depth. The volume of bitcoin is quite low recently. I think there will be big rise soon.

[talkbitcoin]

It is an amount that I do not think its too low for only a 10$ variation. Probably it will get more stable as more and more people enter into trading Bitcoin, but thinking that there are not so many people doing it, it does not seem strange.

It depends on the market depth. The volume of bitcoin is quite low recently. I think there will be big rise soon.

the only reason for the recent low volume is that the day traders has stopped (or slowed down) their daily process of buying and selling because of the stable price.
you can conclude from that a price rise.

[Nancimy]

It is an amount that I do not think its too low for only a 10$ variation. Probably it will get more stable as more and more people enter into trading Bitcoin, but thinking that there are not so many people doing it, it does not seem strange.

It depends on the market depth. The volume of bitcoin is quite low recently. I think there will be big rise soon.

the only reason for the recent low volume is that the day traders has stopped (or slowed down) their daily process of buying and selling because of the stable price.
you can conclude from that a price rise.

But the daily price change is still around 2 to 3 percent. If they use margin, they can still make some profits.

[randy8777]

It is an amount that I do not think its too low for only a 10$ variation. Probably it will get more stable as more and more people enter into trading Bitcoin, but thinking that there are not so many people doing it, it does not seem strange.

It depends on the market depth. The volume of bitcoin is quite low recently. I think there will be big rise soon.

the only reason for the recent low volume is that the day traders has stopped (or slowed down) their daily process of buying and selling because of the stable price.
you can conclude from that a price rise.

But the daily price change is still around 2 to 3 percent. If they use margin, they can still make some profits.

no matter how small the price movements are, there is indeed always profit to be made on exchanges without fees. i have been trying to trade when the price was barely moving, and i made some small profits while i have invested a lot time in it. but i stopped doing so because it cost too much time.

[Master_dandosha]

It is an amount that I do not think its too low for only a 10$ variation. Probably it will get more stable as more and more people enter into trading Bitcoin, but thinking that there are not so many people doing it, it does not seem strange.

It depends on the market depth. The volume of bitcoin is quite low recently. I think there will be big rise soon.

the only reason for the recent low volume is that the day traders has stopped (or slowed down) their daily process of buying and selling because of the stable price.
you can conclude from that a price rise.

But the daily price change is still around 2 to 3 percent. If they use margin, they can still make some profits.

no matter how small the price movements are, there is indeed always profit to be made on exchanges without fees. i have been trying to trade when the price was barely moving, and i made some small profits while i have invested a lot time in it. but i stopped doing so because it cost too much time.

Trading is always like this , the trader need to watch the screens many times a day . with a huge a mount to invest i think it deserved the time wasted for it and sleep with a good profit earned.

[Namrekka]

I guess less. You will get a avalanche of triggered stoploss orders.

[Red-Apple]

I guess less. You will get a avalanche of triggered stoploss orders.

that is the problem or maybe benefit of using bots but those stop-loss trigers are not going to last forever, so the decrease can not go on forever the "avalanche" will be small