jondeen707
Member
Offline
Activity: 84
Merit: 10
|
|
November 07, 2016, 04:12:23 PM |
|
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.
|
|
|
|
talkbitcoin
Legendary
Offline
Activity: 1372
Merit: 1032
All I know is that I know nothing.
|
|
November 08, 2016, 02:27:59 PM |
|
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
|
|
November 08, 2016, 02:29:03 PM |
|
It is not panic selling. Some people bought cheep and they wanted to collect their profit
|
|
|
|
Denker
Legendary
Offline
Activity: 1442
Merit: 1016
|
|
November 08, 2016, 03:05:38 PM |
|
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
|
|
November 08, 2016, 03:09:06 PM |
|
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
Member
Offline
Activity: 84
Merit: 10
|
|
November 11, 2016, 12:34:55 PM |
|
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
|
|
November 11, 2016, 12:48:13 PM |
|
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
Legendary
Offline
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
|
|
November 11, 2016, 03:00:01 PM |
|
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
Legendary
Offline
Activity: 1232
Merit: 1000
|
|
November 11, 2016, 03:53:16 PM |
|
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
Legendary
Offline
Activity: 1610
Merit: 1183
|
|
November 11, 2016, 04:21:35 PM |
|
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
Legendary
Offline
Activity: 1526
Merit: 1179
|
|
November 11, 2016, 11:29:43 PM |
|
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.
|
BSV is not the real Bcash. Bcash is the real Bcash.
|
|
|
BrewMaster
Legendary
Offline
Activity: 2114
Merit: 1293
There is trouble abrewing
|
|
November 12, 2016, 06:14:43 AM |
|
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.
|
There is a FOMO brewing...
|
|
|
deadsilent
|
|
November 12, 2016, 08:00:14 AM |
|
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
|
|
November 12, 2016, 08:28:18 AM |
|
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
Legendary
Offline
Activity: 966
Merit: 1006
|
|
November 12, 2016, 12:06:13 PM |
|
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
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
November 12, 2016, 12:26:25 PM |
|
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
Legendary
Offline
Activity: 2842
Merit: 1243
|
|
November 12, 2016, 12:33:30 PM |
|
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
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | ██░░░░░░░░░░░░░░░░░░░░░░██ ▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀ ▄▄███░░░░░░░░░░░░░░███▄▄ ▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀ ▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄ █░▄▄▄██████▄▄▄░█ █░▀▀████████▀▀░█ █░█▀▄▄▄▄▄▄▄▄██░█ █░█▀████████░█ █░█░██████░█ ▀▄▀▄███▀▄▀ ▄▀▄▀▄▄▄▄▀▄▀▄ ██▀░░░░░░░░▀██ | | | | | | | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄██████▀████░███▄▀██▄ ███░█████████▀██░████░███ ███░████░█▄████▀░████░███ ███░████░███▄████████░███ ▀██▄▀███░█████▄█████▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP FAZE CLAN SSC NAPOLI | | |
|
|
|
kwukduck
Legendary
Offline
Activity: 1937
Merit: 1001
|
|
November 12, 2016, 02:19:36 PM |
|
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
|
14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
|
|
|
CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
|
|
November 12, 2016, 05:34:16 PM |
|
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
Legendary
Offline
Activity: 2142
Merit: 1065
✋(▀Ĺ̯ ▀-͠ )
|
|
November 12, 2016, 06:05:24 PM |
|
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
|
PSPD:law and order enforcement! Press Section Police Department!
|
|
|
|