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audaciousbeing
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November 26, 2016, 05:52:35 AM |
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If I may ask? what will you need the explanation for? Maybe to establish a trend and cash in on the next time that the trend will show itself? For me I dont bother myself on the technicalities or the explanation on why its rising or falling maybe when I now have enough BTCs that actually matters or could make an influence then I would think otherwise for now, I dont care about the explanation and the anyone you will get will be based on person view and not the real explanation.
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Zadicar
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Activity: 1330
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Seabet.io | Crypto-Casino
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November 26, 2016, 06:21:56 AM |
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Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
Its just normal and theres nothing to be shocked about regarding on bitcoins changing price. If bitcoins price tend to rise that means traders and people do buy bitcoins and when the price falls down again this means they sell off their bitcoins thats just simple but i could really say that bitcoins price as of now wouldnt dump again below -700 because it has a good support but im hoping that we could able to breakout on the resistance level in able to see the price of $800. |
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shield132
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November 26, 2016, 11:10:10 AM |
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Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
Idiots are scared when the price goes down a bit and panic sell, creating all those dips, which whales quickly buy taking profits. So it's always the same, idiots lossing money, while whales get more BTC and the overall price is still an uptrend since janaury 2015. We will be at 1000+ in 2017 for sure. Don't call them idiots man, it's their choise to sell and buy bitcoins anytime. So now what's about question, no one can to answer you 100% correctly but in most cases it's reason could be that in that day many bitcoins were sold, also when hype website's shut down, they sell all their profit. Selling high number of bitcoins = it's price rise, remind how it was in bitfinex's situation. |
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Monumental
Newbie
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Activity: 54
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November 26, 2016, 12:01:31 PM |
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Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
Its just normal and theres nothing to be shocked about regarding on bitcoins changing price. If bitcoins price tend to rise that means traders and people do buy bitcoins and when the price falls down again this means they sell off their bitcoins thats just simple but i could really say that bitcoins price as of now wouldnt dump again below -700 because it has a good support but im hoping that we could able to breakout on the resistance level in able to see the price of $800. It is agreed that the current price action is very normal for the bitcoin at this stage. It is consolidating now. |
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pinkflower
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November 26, 2016, 12:07:25 PM |
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Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
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FxR (OP)
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Take back what's yours
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November 26, 2016, 01:38:05 PM |
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If I may ask? what will you need the explanation for? Maybe to establish a trend and cash in on the next time that the trend will show itself? For me I dont bother myself on the technicalities or the explanation on why its rising or falling maybe when I now have enough BTCs that actually matters or could make an influence then I would think otherwise for now, I dont care about the explanation and the anyone you will get will be based on person view and not the real explanation.
I've been using BTC for a long time and I've never really interested my self in the economical standpoint of it (trading, price fluctuation, etc.). That's why I asked the community to provide me with some information. It's all about learning  . |
<3
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1Referee
Legendary
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Activity: 2170
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November 26, 2016, 01:39:20 PM |
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Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course). |
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FxR (OP)
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Take back what's yours
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November 26, 2016, 02:04:59 PM |
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Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course). I'm planning on selling 1 BTC right now as that 1 BTC was bought during the $300 time. So I'm going to just take my profits and hope it won't rise much more. If it does, I still have BTC left in my wallet anyways. |
<3
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Gahs
Sr. Member
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Activity: 294
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Minter
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November 26, 2016, 02:32:11 PM |
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I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course).
Why would the price of btc dip so soon when lots of countries are complaining of fiat devaluation? |
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jondeen707
Member
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Activity: 84
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November 26, 2016, 03:11:49 PM |
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Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course). Looks like it is diving a bit right now |
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FxR (OP)
Member
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Activity: 91
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Take back what's yours
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November 27, 2016, 07:40:23 AM |
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Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course). Looks like it is diving a bit right now I think, according to previous messages, that it's going to stabilize around $700-730 right now. |
<3
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Kotone
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November 27, 2016, 12:21:12 PM |
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Hey guys,
It happened again today, BTC was worth $750+ for like 5 minutes. After that, the drop started again. Right now it's $735 for 1 BTC, does anyone have an explanation why this is happening? I doubt it's manipulation though.
THere are big change happening in the price of bitcoin sometimes the price of the bitcoin is always decreasing it because of the tradings happening bitcoin USD to bitcoin and there are some group of traders that they are dumping bitcoin to make profit too when the price of bitcoin increase again. |
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2double0
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Activity: 2618
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November 27, 2016, 06:35:37 PM |
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People buying less, people selling more means drop and the other side means a positive approach for bitcoins.
Demand and supply is one thing here, speculation and reality the other. The less the people sell, the more increase we will see in price.
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alyssa85
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CryptoTalk.Org - Get Paid for every Post!
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November 27, 2016, 07:52:04 PM |
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I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course).
Why would the price of btc dip so soon when lots of countries are complaining of fiat devaluation? Bitcoin is priced in dollars and the dollar has been strengthening since 2014. It makes sense to buy bitcoin if you live in a country whose currency is depreciating against the dollar, but bitcoin no longer makes sense for Americans, the mighty dollar is back. |
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Pierre 2
Legendary
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Activity: 2408
Merit: 1358
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November 27, 2016, 08:01:19 PM |
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People needed hot cash?
These kind of small drops are just some people who cannot stay in long position etc.
And dollar rise might be reason, too.
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Skarner21
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November 27, 2016, 08:12:49 PM |
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The price of bitcoin right now is just a normal fluctuate this is just like the same as last year it will continue to drop but not so much and i think we will experience of 690 or below.. then the price will go back to normal in december and january near end of the month the price will reduce again this is just my own analyze relying in old movement of the price before..
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Make crypto as your bank.
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mrcash02
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November 27, 2016, 09:49:50 PM |
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The price of bitcoin right now is just a normal fluctuate this is just like the same as last year it will continue to drop but not so much and i think we will experience of 690 or below.. then the price will go back to normal in december and january near end of the month the price will reduce again this is just my own analyze relying in old movement of the price before..
I think it's very stable and normal at this moment, we reach a good stable price really fast. And now, the goal is to reach to $1000 and stay stable on that price or a bit below, like $900 would be enough. BTC price was already more volatile than now. Even if the price is oscillating a bit more, there is nothing to worry, in the end the coin price will go up as we already saw many times ago. |
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john2231
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November 27, 2016, 10:25:46 PM |
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The price of bitcoin right now is just a normal fluctuate this is just like the same as last year it will continue to drop but not so much and i think we will experience of 690 or below.. then the price will go back to normal in december and january near end of the month the price will reduce again this is just my own analyze relying in old movement of the price before..
I think it's very stable and normal at this moment, we reach a good stable price really fast. And now, the goal is to reach to $1000 and stay stable on that price or a bit below, like $900 would be enough. BTC price was already more volatile than now. Even if the price is oscillating a bit more, there is nothing to worry, in the end the coin price will go up as we already saw many times ago. the price of bitcoin right now is not so fast.. we are seeing slow price movement and gradually decrease and i think 1k value is too far to be happen there is no new adoption or good news about bitcoin.. and also we heard about new about paris 20 stores that accepting bitcoin but i do not seen any good result for bitcoin. maybe we will see the 1k value next year mid june.. |
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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November 28, 2016, 12:14:24 AM |
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Didn't anyone think that the market's irrationality is over and the price of BTC is now becoming more efficient and balanced? Maybe all the news, rumors and the economic need for BTC is reflected in the price right now. In short this is where BTC's price should be at.
I can agree with that. I think if you realistically look at all the aspects that have been, and still are influencing the price, then anything between the $650-$700 levels is what I consider to be a fair price. So in that regard, the current price can be seen as a more than welcome bonus for most of the people here. I however think it won't last long as I expect the price to dive below $700 before the end of next week. My advice is to either keep holding, or secure profits right now (assuming you are a decent % in the green of course). I'm planning on selling 1 BTC right now as that 1 BTC was bought during the $300 time. So I'm going to just take my profits and hope it won't rise much more. If it does, I still have BTC left in my wallet anyways. Securing profits when you bought your coins at such low rates as you have, is always a good thing. The only thing is that you should never sell everything at once, but you seem to understand this more than well it seems.  Why would the price of btc dip so soon when lots of countries are complaining of fiat devaluation?
You mean people are complaining, right? It's because the countries these people are from, have barely any importance that they can add to the market at current point. Other than that, a dip just below $700 is not that big of a deal considering the current price is still a little bit on the higher side. |
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Shiroslullaby
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November 28, 2016, 12:16:41 AM |
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If you can sell a coin and make $400 right now, thats a great deal of profit.
You can always buy back in if price starts to go up, and there is always the chance that price drops back to $700 or below and you can make $50 or so.
It all depends on your need for money, I guess.
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