Manipulation finished. Bubble popping.

[Przemax]

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

I think the price of $950 is very cheap.

Thats a very constructive post. Could you elaborate a little bit?
 Its cheap compared to all time high ever on western exchanges? Its less than 15% of the most expensive bitcoin ever. You call that cheap? Well... Pardon, but thats kind of weird.

You can call that bargain price bitcoin. But calling it cheap at near ATH is retarded........

Ofcourse there were cheaper bitcoin. Like... always FFS, except like a week or 2.

[btcmerich]

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

I think the price of $950 is very cheap.

950 aint cheap any more and it never was, i did post around 800-900 range  not to buy when people asked.  cheap might be around 500 range

[RealityTruth]

250 is cheap in my opinion. But all believers and investors say we still in a bull market so it means there's no cheap buying opportunity anymore

[angaper]

Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

It is sad to see that the bitcoin is so easily manipulated, because this level of volatility will always be an argument to limit a massive adoption for businesses and users.

Therefore it should not be strange that instead of a promising currency, bitcoin begins to become a business of a few speculators through this undesirable pump and dump scheme.

[Shiroslullaby]

There is definitely a bit of manipulation going on from some of the Chinese exchanges, but I think there is more manipulation of Chinese fiat currency.
Interestingly, the price of Chinese RMB (Yuan) has a HUGE effect on the price of Bitcoin since so many miners and large exchanges are located there.
We should be talking about the need for greater de-centralization, because until that happens, the price of Bitcoin will be mostly influenced by China.

[deadpoolx]

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

I think the price of $950 is very cheap.

950 aint cheap any more and it never was, i did post around 800-900 range  not to buy when people asked.  cheap might be around 500 range

It is possible that the price will drop a little more, due to the panic in the market, but I don't think the price will fall to as low as five hundred dollars.

There are different reasons that make this price unfeasible, one of them is the high cost to produce a single Bitcoin, which according to some experts is something around six hundred and fifty dollars. Another aspect is that the market is much larger compared to a few years ago, and now the demand is a result of people who buy Bitcoin because they need and use it, not just speculators.

[quake313]

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

I think the price of $950 is very cheap.

950 aint cheap any more and it never was, i did post around 800-900 range  not to buy when people asked.  cheap might be around 500 range

It is possible that the price will drop a little more, due to the panic in the market, but I don't think the price will fall to as low as five hundred dollars.

There are different reasons that make this price unfeasible, one of them is the high cost to produce a single Bitcoin, which according to some experts is something around six hundred and fifty dollars. Another aspect is that the market is much larger compared to a few years ago, and now the demand is a result of people who buy Bitcoin because they need and use it, not just speculators.

650 for Chinese miners and how much for the rest? I think it maybe closer to 800 to produce 1 bitcoin, can anyone confirm what it truly costs?

[Adar Korin]

650 for Chinese miners and how much for the rest? I think it maybe closer to 800 to produce 1 bitcoin, can anyone confirm what it truly costs?

It would depend where you are getting your power (and your cooling for that matter) - solar power to generate the funds and underground for insulation with venting to cool perhaps?  (You wouldn't necessarily have solar power in colder climates, but then again perhaps you could have hydro power from the snow thawing into nearby lakes)

[roomfirst]

Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

Nope, many people own the coins but i think there are more than 10 Whale players out there that own 1000+ bitcoins. That's why when some of that whale sell all their coins, the bubble popped. It's really scary though people can do this.

[d57heinz]

There is definitely a bit of manipulation going on from some of the Chinese exchanges, but I think there is more manipulation of Chinese fiat currency.
Interestingly, the price of Chinese RMB (Yuan) has a HUGE effect on the price of Bitcoin since so many miners and large exchanges are located there.
We should be talking about the need for greater de-centralization, because until that happens, the price of Bitcoin will be mostly influenced by China.

look at this https://coinmarketcap.com/  look at all the graphs on the 7 day   .. they all match the pattern to a t.  Talk about manipulation!. Not just btc its damn near every coin!

edit sort by volume high to low

BR

[btc-buzz]

This isn't a bubble popping this is the shake out. Watch and see.

[Johensen]

Why do you call the bubble popping? it's just down abit because investors want to get good profit. now it's starting increase .
 I expect it will hit 1,000$ again in next week. 

[RoommateAgreement]

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

I think the price of $950 is very cheap.

950 aint cheap any more and it never was, i did post around 800-900 range  not to buy when people asked.  cheap might be around 500 range

cheap is a price that soon there comes a time that you can no longer see that price. i can show you a thousand similar comments like you from the previous 8 years that say the same thing about $0 to $900 and every price that we passed became a history never to return.

a couple of months from now you can come back to this comment and see what he meant when he said $950 is cheap.

[Frank Lefty Rosenthal]

Price is already climbing back up. Get your longs ready. Its going to be a wild ride.

Frank Lefty Rosenthal Signing Out.

[Herbert2020]

OP is right but he is lying at the same time and spreads FUD (as he always does.).
clearly there was a bubble because of the fast rise to $1150 and it had to pop, but when a bubble burst price comes down to higher resistance levels and as it was proven in the previous couple of days price has been playing at $850 level and now we are even back above $900.

[chicken65]

KEK is in control. Prasie it and Bitcon will rain from the dankest shitlord meme factory.
It is said, it is done.

[lionheart78]

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

I think the price of $950 is very cheap.

Thats a very constructive post. Could you elaborate a little bit?
 Its cheap compared to all time high ever on western exchanges? Its less than 15% of the most expensive bitcoin ever. You call that cheap? Well... Pardon, but thats kind of weird.

You can call that bargain price bitcoin. But calling it cheap at near ATH is retarded........

Ofcourse there were cheaper bitcoin. Like... always FFS, except like a week or 2.

Maybe the guys is rich and $950 is just peanuts for him.  Everyone has rights to their opinion.  I myself think that $100  Bitcoin is expensive . 

OP is right but he is lying at the same time and spreads FUD (as he always does.).
clearly there was a bubble because of the fast rise to $1150 and it had to pop, but when a bubble burst price comes down to higher resistance levels and as it was proven in the previous couple of days price has been playing at $850 level and now we are even back above $900.

Indeed there was a rally and created a mini Bubble.  Lucky it had popped early because if not, it will do harm than good because it will leave lots of people on a huge disadvantae once that bubble burst.

[Pattberry]

I am sure the price will recover and would cross the $1000 in due time.There are being a massive sell off without any doubt and since the market is really fluctuating and the price range is now between $850 and $950 and i do not think that i will go down further.

[HaXX0R1337]

Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

And who are these 5 people and if you knew this much you can very well provide their names as well,with this thread it looks like you are delusional to the core ,manipulation in a market is a regular occurrence and traders like to cash in the maximum during these times and even if the price of the coin touches rock bottom traders will find a way to earn money from it.

[RodeoX]

Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

And who are these 5 people and if you knew this much you can very well provide their names as well,with this thread it looks like you are delusional to the core ,manipulation in a market is a regular occurrence and traders like to cash in the maximum during these times and even if the price of the coin touches rock bottom traders will find a way to earn money from it.

Yeah. I guess some people think that when someone else makes a profit and they do not, it's manipulation.