Panic sellers got flushed fast

[AtheistAKASaneBrain]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

[maokoto]

Probably yes. There are few expert traders and many newbies in the Bitcoin world yet, that is (I think) why we see such pumps and dumps.

If there were more people knowing the true value of bitcoin that would not happen.

[BitcoinBarrel]

Or maybe panic buyers are keeping the market afloat until Black Friday 

[socks435]

Ah that is why the price is decreased yesterday they are just starting to fool us just to buy bitcoin for low price.. or this is just whales strategy again just like before..
Well the price is increased again back to 703 and i think it can be increase more soon..

[BillyBobZorton]

Or maybe panic buyers are keeping the market afloat until Black Friday 

It's going to go up... the us ellection is insane no matter how it goes, hillary wins, it will cause a lot of frustration in trump camp, trump wins, it will cause a lot of disruption in the markets... btc goes up in any case.

[crairezx20]

Banning bitcoin in china? i think not the only reason.. some investors are going to sell their bitcoins because they are already make profit in their bitcoin.. that is why they are sell lage amount of bitcoin and they know that the price will decrease soon..

[jimbobway]

Once all the sellers are gone it's up, up and away!  Patience...

[bamboylee]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

I cannot say I am sorry for them because the price at the time they dump was quite high. So even if they dumped their bitcoin, they still made a lot of profit. Now they can reenter bitcoin and start making some money again.

[DeathAngel]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

I don't feel bad for them. People should make up their own minds about their personal exit points etc. Weak people following others are just sheep.

And yes HODL

[ynef]

That, and from a purely technical standpoint, the price needed a correction anyway.

[LoyceV]

So what if they sold at $690 instead of $710? That's only 2.9% difference.
If they feel good about it: good for them!

I'm neither buying nor selling at the moment. I'm just very curious to see what the US elections will do to Bitcoin. Both candidates seem equally bad, I've never seen an election where both candidates divide people that much. That makes me think Bitcoin will go up no matter who wins. But then again, you never know. For now I'm holding my bitcoin and my euro.

[MingLee]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Weak hands lose money, and apparently a lot of the Bitcoin speculators have very, very weak hands.

Whatever though, more for whoever wants to take advantage of the opportunity. It's not our issue to deal with. Let them do whatever.

[The Sceptical Chymist]

Well there are tons of suckers in the wide world of bitcoin, as evidenced by the content of every other post on this forum.  Not surprising that people buy high and sell low.  You need boys of steel to be in this market.  All's great when we rise from $400 to $700...but just you wait if/when we drop back down to $400.  People will be starting threads whining how they got burned, etc. 

Buy and hold, baby.

[leowonderful]

There are winners and losers for every situation, and in this case some people did lose money. I made around 150$ profit buying low and selling high this time, I'll probably set up buy orders for 705 to catch people selling low. Money's in weak hands, and all of the traders with at least decent knowledge about trading have too little volume to stop such dumps. Shit happens, deal with it and move on once it happens. The Earth keeps moving. It was bound to happen anyways, a small correction after a period of high rises is perfectly normal.

[blackmagician]

Those panic sellers are crying right now. And those who buy when the panic started are the one who are happy about it. They cant control thier temper,and fall into temptation.

[Snorek]

When people will understand that bitcoin bad news and FUD travel fast and cause a lot of panic? It was always like that.
I wouldn't be surprised if someone proved that many of these FUD articles was written by speculators who are seeking good entry price.
Moral of the story? Always buy more BTC when obvious FUD is happening.

[Caladonian]

Those panic sellers are crying right now. And those who buy when the panic started are the one who are happy about it. They cant control thier temper,and fall into temptation.

that's the problem if you are just relying with the hype without knowing the flow, this is just common with btc movement certain fud or bad reputation would create some destruction down fall follows and whales will ride with it and make it seems reality and weak holders will choose to lose little thinking that it will go down deep.

[Sex Video Chat VKcams.com]

If there were more people knowing the true value of bitcoin that would not happen.

Ohh... the true value is the situation on the exchange market, just based on money flows. All other things is a fantasy.
Seems someone is ready to pray on BTC and never spend BTC to pay things or services.

[pooya87]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

sometimes i feel like some people are incapable of looking at the charts! and the volumes in the orderbooks!

because sometimes it is so obvious what these whales are doing. when you see a buy wall or some series of buy walls forming at a lower price and you see dumps on higher price it is obvious they are waiting there at the bottom for the fools to fill their orders.

[Zadicar]

Panic selling  is  just  normal  for those  who have idea  on a certain dump of bitcoin price. FOr those  newbies out there  expecially on trading they  would surely  sell  out their bitcoins because they are   afraid to  loose  even  more  money and    as  OP mentioned  we are  now  holding on  $700 mark  and  hopefully it would not  stay  below  that price.