Panic sellers got flushed fast

[jondeen707]

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.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

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[talkbitcoin]

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.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

i would have agreed with you a while ago but i have been seeing a lot of talk about this in the past weeks that makes me doubt it.

bitcoin is known to be affected by the hype, and hype is what most people are talking about. it doesn't have to be necessarily a real thing.

for example halving made price go as high as $780, granted a rise was overdue but the rise of that size was unreal at that time and halving effect is being felt now not back at the time of price rise.

[a7mos]

It is not panic selling. Some people bought cheep and they wanted to collect their profit

[Denker]

It is not panic selling. Some people bought cheep and they wanted to collect their profit

It could be a mix of several reasons.And these two may be the most important ones.A few guys wanted to take some fiat profits while some others got scared by some exaggerated news.
We've seen this several times now.
The good thing is we seem to be able to hold the 700 range.Probably we build some solid bottom here before continuingmoving up again.Nothing wrong about that.

[Oilacris]

Panic selling  is  just for newbies  out there   which they  tend  to sell out their bitcoins  especially when they saw theres a dip  on the  price. Ex. they  bought  bitcoin at 720+ price then  it dropped   again on  690+ they would surely panic and   tend do sell off because they believe it would go  down even  more  but  i could say not all  people  would really do that because  most of them are wiser  which  they  tend to  hold   it and  buy even  more  on the  mot  possible  low price bitcoins and sell  off when  it  bounces  up back.

[jondeen707]

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.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

i would have agreed with you a while ago but i have been seeing a lot of talk about this in the past weeks that makes me doubt it.

bitcoin is known to be affected by the hype, and hype is what most people are talking about. it doesn't have to be necessarily a real thing.

for example halving made price go as high as $780, granted a rise was overdue but the rise of that size was unreal at that time and halving effect is being felt now not back at the time of price rise.

I got your point, it makes sense as well.

[Caladonian]

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.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

i would have agreed with you a while ago but i have been seeing a lot of talk about this in the past weeks that makes me doubt it.

bitcoin is known to be affected by the hype, and hype is what most people are talking about. it doesn't have to be necessarily a real thing.

for example halving made price go as high as $780, granted a rise was overdue but the rise of that size was unreal at that time and halving effect is being felt now not back at the time of price rise.

I got your point, it makes sense as well.

If theres a news we will expect some rise up we dont need to panic and make assumption we need to double check what would be the impact so we can make a good entry and exit to have some good profits.

[lumeire]

Probably still an effect of Trump winning.

Panic selling  is  just for newbies  out there   which they  tend  to sell out their bitcoins  especially when they saw theres a dip  on the  price.

[pitham1]

Probably still an effect of Trump winning.

Panic selling  is  just for newbies  out there   which they  tend  to sell out their bitcoins  especially when they saw theres a dip  on the  price.

Trump's win resulted in an increase in Bitcoin's price. There was uncertainty in the market and this resulted in demand for bitcoins.
What we saw later was the correction...

[pereira4]

Probably still an effect of Trump winning.

Panic selling  is  just for newbies  out there   which they  tend  to sell out their bitcoins  especially when they saw theres a dip  on the  price.

Trump's win resulted in an increase in Bitcoin's price. There was uncertainty in the market and this resulted in demand for bitcoins.
What we saw later was the correction...

People took profits now that the end is not going to end because of Trump, but make no mistake, Trump will follow his program, or that is what I think. He will create market uncertainty and this will benefit us bitcoiners. The people that is not buying back now after taking profits will miss on massive gains next year.

[BitHodler]

Probably still an effect of Trump winning.

Panic selling  is  just for newbies  out there   which they  tend  to sell out their bitcoins  especially when they saw theres a dip  on the  price.

Trump's win resulted in an increase in Bitcoin's price. There was uncertainty in the market and this resulted in demand for bitcoins.
What we saw later was the correction...

People took profits now that the end is not going to end because of Trump, but make no mistake, Trump will follow his program, or that is what I think. He will create market uncertainty and this will benefit us bitcoiners. The people that is not buying back now after taking profits will miss on massive gains next year.

Trump is nothing more than a muppet taking orders from far above his level. At the time he really takes over the presidential seat, he will start with lowering his tone dramatically.

Smart people have more than enough coins in their reserves even when they secure a decent amount of profits at current prices. Only noobs will find themselves buying back at much higher levels as always.

If I take myself as an example, I have bought the far majority of my coins well below $400, and even a part below $300 levels. I am in a comfortable position right now.

I will only buy back if the price drops significantly below the current levels. If it doesn't drop, then no problem as I have enough coins to make myself happy with.

[BrewMaster]

You can't totally blame panic sellers, you can't always predict the market direction and nobody wants to lose out.

the blame on panic sellers only goes when there is a small change in an stable market and a little bit bigger change when there is some volatility going on. the rest of the changes which are bigger are natural movements and sometimes whales manipulating price.

[deadsilent]

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.

We cant blame them because thats the way it is. They cant just keep it forever. They cant wait even more if the price goes down again because of big crash. They just dont want to lose any of their earnings thats why they are dumping bitcoin and dont wanna risk everything. They just playing game wise.

[PokerFace3]

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.

We cant blame them because thats the way it is. They cant just keep it forever. They cant wait even more if the price goes down again because of big crash. They just dont want to lose any of their earnings thats why they are dumping bitcoin and dont wanna risk everything. They just playing game wise.

Yes, they must be right with respect to their decisions on uncertain market conditions. I too will take such decisions instead of facing huge losses by continuing holding bitcoins. In my experience panic selling is most common for any trader that might safeguard them and sometimes make regret them for missing out big opportunities.

[piloder]

It is not panic selling. Some people bought cheep and they wanted to collect their profit

But majority who dumps can't be elite traders as they atleast know price will be pumping even more in coming days. So they can't just short their holdings for this types of smaller price dump. May be they will buy more in small dumps.

[1Referee]

But majority who dumps can't be elite traders as they atleast know price will be pumping even more in coming days. So they can't just short their holdings for this types of smaller price dump. May be they will buy more in small dumps.

The majority of the dumpers are either people who secure profits every now and then, or noobs dumping their coins in panic to prevent further losses. Whale traders aren't playing around with 5-10 coins... If you are talking about the real elite of traders, then you are talking about people having tens of thousands of coins for trading purposes, combined with millions in fiat.

Not only that, but they also team up with each other to rule the entire market with iron fist from several major exchanges. If they cash out a certain part of their profits, they know what they are doing. They will either let the market fall back down in order to buy back, as happens all the time when the price goes up nicely, or they keep the market stagnant for a while, where people will dump their coins out of boredom. Either way, dumps are inevitable.

[ultrloa]

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.

We cant blame them because thats the way it is. They cant just keep it forever. They cant wait even more if the price goes down again because of big crash. They just dont want to lose any of their earnings thats why they are dumping bitcoin and dont wanna risk everything. They just playing game wise.

Yes, they must be right with respect to their decisions on uncertain market conditions. I too will take such decisions instead of facing huge losses by continuing holding bitcoins. In my experience panic selling is most common for any trader that might safeguard them and sometimes make regret them for missing out big opportunities.

It may be bad for those who buy on the top price and suddenly hit by a fuds then dumps since people can lose huge money if that really happens on bitcoins price rise, but also it maybe a good oppurtunity to those dump waiters for, and we can't really say when we might gonna lose since bitcoins are not predictable at all, so to only safegaurd our money is to monitor the flaws so if big pumps will came we surely not missed the oppurtunity of some temporary pump

[kwukduck]

You talk like it's a thing of the past... The price is still tanking as predicted. And will continue to do so for the forseeable future.

I thought you were all so sure bitcoin could only go up up up with Trump being the winner. LOL

[CoinCidental]

You talk like it's a thing of the past... The price is still tanking as predicted. And will continue to do so for the forseeable future.

I thought you were all so sure bitcoin could only go up up up with Trump being the winner. LOL

I am up several thousand percent on my investment since 2011 so I am pretty satisfied with that
 
Up 21% in the last 3 months alone.....thank you btc 
 

[InvoKing]

You talk like it's a thing of the past... The price is still tanking as predicted. And will continue to do so for the forseeable future.

I thought you were all so sure bitcoin could only go up up up with Trump being the winner. LOL

oO since when kwukduck say something optimistic about the bitcoin price 
Back to the main subject, there is always a loss risk when trading bitcoin, personally I am happy that the rise happened before I sell my coins