Explanation for the 710-750 drops?

[1Referee]

$750 is some sort of a top for this year.

That's also the impression that I have been getting at the time the price came close to the $750 levels. It may be a manipulation attempt to make people think like it is indeed the top, but we may very well end up sitting at the edge of seeing massive dumps taking the price down to sub $700 prices. I personally think the latter scenario is what we will be experiencing in the coming weeks. I am happy to have secured a good amount of profits around the $740 levels. I am prepared for a massive dump.

I guess holidays are coming? Some people might need to sell and use the money. And some can't wait to leave the train.

Nah, people cashing out due to holidays don't even make a dent in the price. It's either people cashing out profits as they believe the price is due for a serious correction, or whales try to shake off weak hands by turning the exchange rate into a roller coaster ride. Either way, dumps are inevitable.

[senyorito123]

$750 is some sort of a top for this year.

That's also the impression that I have been getting at the time the price came close to the $750 levels. It may be a manipulation attempt to make people think like it is indeed the top, but we may very well end up sitting at the edge of seeing massive dumps taking the price down to sub $700 prices. I personally think the latter scenario is what we will be experiencing in the coming weeks. I am happy to have secured a good amount of profits around the $740 levels. I am prepared for a massive dump.

I guess holidays are coming? Some people might need to sell and use the money. And some can't wait to leave the train.

Nah, people cashing out due to holidays don't even make a dent in the price. It's either people cashing out profits as they believe the price is due for a serious correction, or whales try to shake off weak hands by turning the exchange rate into a roller coaster ride. Either way, dumps are inevitable.

I would not agree for that thoughs also, and i think the manipulators makes the price go down for now and buy again if the dump happens and another explanation is surely many people resold their btc since they got enough money from now or they want to use it for their own good,  but as of now the price downfall is expected and surely we can see another big up after the downfall of bitcoins.

[FxR]

Thanks for your answers everyone. Something I have to specifically look at is the meeting of the Fed on December 13th. Thanks for the person that mentioned that .

[alyssa85]

Thanks for your answers everyone. Something I have to specifically look at is the meeting of the Fed on December 13th. Thanks for the person that mentioned that .

Here is some more on the Federal Reserve meeting:

http://www.bloomberg.com/news/articles/2016-11-16/fed-rate-hike-odds-approach-100-in-anticipation-of-trumpenomics

[bitbunnny]

This is nothing to worry about. Just regular and usual volatility cycle. I wouldn't say this is manipulation, the difference is not that big and no other signs for this. The price will probably stay around these values for a while and then slightly go up probably with the begininig of next year. This is just my opinion.

[Exoskeleton]

When you find an obvious ceiling for the price like $750 its time to make some smart trades. Sell every time it gets just below the ceiling. Then buy back when it dips by $20-$30. You can do this a few times a week right now and make 10% or more on some obvious swings.

Just make sure your in coins and not fiat when the swing up to $800-$850 happens because it will be sudden. If your stuck in fiat when that happens you'll wish you had just held btc the whole time.

[Denker]

Bitcoin is extremely volatile.That's we call it the rollercoaster.It goes up and down, up and down.
And it doesn't need any specific reason or event for it to happen.
The Bitcoin market capitalization is extremely low with ~ $12bn.
So for some big players in this field it is no problem to create some bigger movements in no time.
And they do it!Because they want to make money.
So don't worry.For Bitcoin this is normal behaviour.

[FxR]

When you find an obvious ceiling for the price like $750 its time to make some smart trades. Sell every time it gets just below the ceiling. Then buy back when it dips by $20-$30. You can do this a few times a week right now and make 10% or more on some obvious swings.

Just make sure your in coins and not fiat when the swing up to $800-$850 happens because it will be sudden. If your stuck in fiat when that happens you'll wish you had just held btc the whole time.

Just as sudden as the increase to $750? It was like $30 in an hour right?

[romero121]

The price fluctuation seems to be the natural happening depending upon the technology backing. The ongoing variation might be the factor for price stabilization. Soon can expect a big pump in price over the falling month as it is the last month of the year.

[serjent05]

The price fluctuation seems to be the natural happening depending upon the technology backing. The ongoing variation might be the factor for price stabilization. Soon can expect a big pump in price over the falling month as it is the last month of the year.

I think otherwise. There is some manipulation in here in my opinion.  We all know that in a few weeks the possibility of bitcoin price to increase is greater than it going down.  So to maximize the profit in this coming event, whales try to accumulate as much as they can before the price of bitcoin goes up. 

$750 is some sort of a top for this year.

That's also the impression that I have been getting at the time the price came close to the $750 levels. It may be a manipulation attempt to make people think like it is indeed the top, but we may very well end up sitting at the edge of seeing massive dumps taking the price down to sub $700 prices. I personally think the latter scenario is what we will be experiencing in the coming weeks. I am happy to have secured a good amount of profits around the $740 levels. I am prepared for a massive dump.

Or probably the opposite might happen.

[Lucius]

Looks like we're trapped in some kind of loop with this price,I wonder how long it will take to break the barrier of 750$ and go up to 800$.It seems that the whales decided to play this game as long as possible,for someone who has a large amount of bitcoin for trading this is a true paradise.

As someone said, we can be happy to have all the time 700 + $,I hope it will not be some big dump or bad news in near future.Maybe some will not agree,but last two months are much more interesting than September or August

[arara]

The price fluctuation seems to be the natural happening depending upon the technology backing. The ongoing variation might be the factor for price stabilization. Soon can expect a big pump in price over the falling month as it is the last month of the year.

I think otherwise. There is some manipulation in here in my opinion.  We all know that in a few weeks the possibility of bitcoin price to increase is greater than it going down.  So to maximize the profit in this coming event, whales try to accumulate as much as they can before the price of bitcoin goes up. 

$750 is some sort of a top for this year.

That's also the impression that I have been getting at the time the price came close to the $750 levels. It may be a manipulation attempt to make people think like it is indeed the top, but we may very well end up sitting at the edge of seeing massive dumps taking the price down to sub $700 prices. I personally think the latter scenario is what we will be experiencing in the coming weeks. I am happy to have secured a good amount of profits around the $740 levels. I am prepared for a massive dump.

Or probably the opposite might happen.

buy how can they buy large amounts of Bitcoins and still make the prices fall?

seems contradictory

[Ayers]

The price fluctuation seems to be the natural happening depending upon the technology backing. The ongoing variation might be the factor for price stabilization. Soon can expect a big pump in price over the falling month as it is the last month of the year.

I think otherwise. There is some manipulation in here in my opinion.  We all know that in a few weeks the possibility of bitcoin price to increase is greater than it going down.  So to maximize the profit in this coming event, whales try to accumulate as much as they can before the price of bitcoin goes up. 

$750 is some sort of a top for this year.

That's also the impression that I have been getting at the time the price came close to the $750 levels. It may be a manipulation attempt to make people think like it is indeed the top, but we may very well end up sitting at the edge of seeing massive dumps taking the price down to sub $700 prices. I personally think the latter scenario is what we will be experiencing in the coming weeks. I am happy to have secured a good amount of profits around the $740 levels. I am prepared for a massive dump.

Or probably the opposite might happen.

buy how can they buy large amounts of Bitcoins and still make the prices fall?

seems contradictory

isn't newbise that buys and whales dump on them? whales buys just to make more naive users buys into their pump, then they dumb to get back and make profit, i think this is the reason you see those swings on the market

[FxR]

Looks like we're trapped in some kind of loop with this price,I wonder how long it will take to break the barrier of 750$ and go up to 800$.It seems that the whales decided to play this game as long as possible,for someone who has a large amount of bitcoin for trading this is a true paradise.

As someone said, we can be happy to have all the time 700 + $,I hope it will not be some big dump or bad news in near future.Maybe some will not agree,but last two months are much more interesting than September or August

May I ask you where you got that chart?
Thanks in advance.

[error08]

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.

whenever the price changes are this small (for bitcoin $40 is still small change) it is considered normal changes. and it happens in all the other markets too. and the bigger they are (the more traders they have) these normal daily changes are smaller.
it can be sometimes manipulations, it can be demand, or it can even be because of timing for example it is the start of the business day in some country (US or China) when they begin trading.

Yeah, we can't say for sure what makes the change in small range within $10-50, but if more than $50 and keep decline there is something happen for sure, so we just guess it's a normal fluctuate of bitcoin market. I have been look at the price and it seems to set the stable price at $730 for few days, so it's quite good for now and still waiting for another development and more bitcoin adoption.

[uki]

$750 is some sort of a top for this year.

That's also the impression that I have been getting at the time the price came close to the $750 levels. It may be a manipulation attempt to make people think like it is indeed the top, but we may very well end up sitting at the edge of seeing massive dumps taking the price down to sub $700 prices. I personally think the latter scenario is what we will be experiencing in the coming weeks. I am happy to have secured a good amount of profits around the $740 levels. I am prepared for a massive dump.

I guess holidays are coming? Some people might need to sell and use the money. And some can't wait to leave the train.

Nah, people cashing out due to holidays don't even make a dent in the price. It's either people cashing out profits as they believe the price is due for a serious correction, or whales try to shake off weak hands by turning the exchange rate into a roller coaster ride. Either way, dumps are inevitable.

$750 looks toppish to me at the moment. And that is technically very bad news. We have a double top formation on the charts painted now in 2016, with the second peak being a lower one. That looks very bearish. In case we start the correction, it may be significant. I see currently more potential for a down move rather than to go further up. There are still no fundamental arguments to sustain the price, all is based on the speculation (whales). And with whales you must count that sooner or later the price will be pushed down hardly.

[senyorito123]

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.

whenever the price changes are this small (for bitcoin $40 is still small change) it is considered normal changes. and it happens in all the other markets too. and the bigger they are (the more traders they have) these normal daily changes are smaller.
it can be sometimes manipulations, it can be demand, or it can even be because of timing for example it is the start of the business day in some country (US or China) when they begin trading.

Yeah, we can't say for sure what makes the change in small range within $10-50, but if more than $50 and keep decline there is something happen for sure, so we just guess it's a normal fluctuate of bitcoin market. I have been look at the price and it seems to set the stable price at $730 for few days, so it's quite good for now and still waiting for another development and more bitcoin adoption.

For what I've see at this moment if theres a little dump surely the big pump well be follow and looks likes it really happens for those few days back but actually i cant predict if some good developments will be happen in future and all we need to do is to wait for something big movements for the price, and also adoption will just go and surely if many people would buy the price will surely kick up for his topest price at this upper year.

[OrangeII]

maybe when the price rose to $ 750, people who have many bitcoin bitcoin immediately sell them in large numbers, causing bitcoin price drop to $ 730 for 1 bitcoin. however, they again hold bitcoin they have when it happened. Well, maybe it will continue to happen until the price reaches $ 800 bitcoin

[amacar2]

This also depends on the trading platform where you are looking those price changes/graph, if platform have really low volume than 10-15$ price change within few minutes or even few seconds is normal.

But in overall scenario, bitcoin price swings almost daily or even hourly because of very low marketcap it have than any other assets.

[pooya87]

This also depends on the trading platform where you are looking those price changes/graph, if platform have really low volume than 10-15$ price change within few minutes or even few seconds is normal.

But in overall scenario, bitcoin price swings almost daily or even hourly because of very low marketcap it have than any other assets.

actually in the small exchanges with no volume the orderbook has a big gap and the smaller the exchange the bigger this gap is. which means for example right now that price is $737 on bitfinex on those exchanges it is 760 for buying and 700 for selling and it doesn't matter if the price goes to $750 on bitfinex or goes down to 710 on finex those small exchanges remain dormant.