shadowninjax (OP)
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January 11, 2017, 09:52:32 AM Last edit: January 11, 2017, 12:24:37 PM by shadowninjax |
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I just don't understand. It was almost like in an instant.
Was there some pretty bad news?
The volatility is very unpredictable right now.
Is this a downtrend or will it be back up?
Thanks
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ynef
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January 11, 2017, 09:56:02 AM |
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Someone finally woke up from the new years hangover and realized the BTC rally happened.
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trollercoaster
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January 11, 2017, 09:57:03 AM |
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Apparently a few exchanges are going to be investigated..
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NUFCrichard
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January 11, 2017, 10:02:24 AM |
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I just don't understand. It was almost like in an instant.
Was there some pretty bad news?
The volatility is very unpredictable right now.
Is this a downtrend or will it be back up?
Thanks
No one knows which direction the market will move! You can ask until you are blue in the face, the price might rise, the price might fall. It seems now like we had a mini-bubble. The Yuan price was 8900, which is an all time high, and about $1280. Now the Chinese price has fallen back into line with the USD price, and the mini-bubble has popped. We are back at mid-December prices, remember the price was sub800 early in December, so we are still actually up since then! I am hoping for a continued rise from here, without it bubbling over. Who knows what will happen though.
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Skarner21
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January 11, 2017, 10:02:31 AM |
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This is just a normal dump price and i think the price of bitcoin will increase again back soon. Look the chart there are some pattern and i think after few hours the price will increase again back to $900 level..
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Make crypto as your bank.
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JakaE
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January 11, 2017, 10:17:20 AM |
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Maybe some panic due to Bitstamp being unavailable for many users ( me included ) ?
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hase0278
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January 11, 2017, 10:21:14 AM |
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Its just usual that bitcoin will fall from 910$ to 840$ since it is volatile. Right now, it's price on preev is 872$ and no one can predict bitcoin's price a month from now it might rise more or dump but in my opinion it will dump. That's just a wild guess though let's just wait and see what's the future price of bitcoin this will be a good month for bitcoin and it will have a very volatile price thats what im certain of.
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Barnabe
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January 11, 2017, 10:25:53 AM |
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I guess people were selling to pocket their profit, since many of them did it a small panic selling may have occurred... Nothing new
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Sithara007
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January 11, 2017, 10:30:46 AM |
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I guess people were selling to pocket their profit, since many of them did it a small panic selling may have occurred... Nothing new It happens with the stock markets all the time. It happened with Bitcoin also, in 2013. After hitting the $1,000 per coin mark, Bitcoin fell back to $800-850 and stayed there for a while (before the Mt Gox scandal crashed the exchange rates).
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Hazir
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January 11, 2017, 10:37:03 AM |
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Maybe some panic due to Bitstamp being unavailable for many users ( me included ) ? Nah, it has nothing to do with Bitstamp or any other western bitcoin exchange. Current decline and somewhat unstable situation is caused by Chinese government trying to curb bitcoin trading. They continuously see Bitcoin as a danger to their own domestic financial market and fiat and way for Chinese citizens to transfer money abroad. That is why they recently announced harsh AML/KYC procedures will take place on every major Chinese exchange from now on... There might be more anti-bitcoin laws coming.
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JakaE
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January 11, 2017, 10:42:22 AM |
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Maybe some panic due to Bitstamp being unavailable for many users ( me included ) ? Nah, it has nothing to do with Bitstamp or any other western bitcoin exchange. Current decline and somewhat unstable situation is caused by Chinese government trying to curb bitcoin trading. They continuously see Bitcoin as a danger to their own domestic financial market and fiat and way for Chinese citizens to transfer money abroad. That is why they recently announced harsh AML/KYC procedures will take place on every major Chinese exchange from now on... There might be more anti-bitcoin laws coming. Wasn't this the reason for the big drop about a week ago? Maybe he is talking about the smaller decline just recently, after the price was pretty stable around $900 for a day or two. Did any new news come from China yesterday that I missed?
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Rachelin
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January 11, 2017, 10:45:50 AM |
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I guess people were selling to pocket their profit, since many of them did it a small panic selling may have occurred... Nothing new Yes, The price is falling down . Just buy more cheap coins and hold them for 3 months later. I'm waiting for Trump's inauguration on January 21st, 2017. I believe that there will be some hot news about .
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Hazir
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January 11, 2017, 10:51:43 AM |
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Maybe some panic due to Bitstamp being unavailable for many users ( me included ) ? Nah, it has nothing to do with Bitstamp or any other western bitcoin exchange. Current decline and somewhat unstable situation is caused by Chinese government trying to curb bitcoin trading. They continuously see Bitcoin as a danger to their own domestic financial market and fiat and way for Chinese citizens to transfer money abroad. That is why they recently announced harsh AML/KYC procedures will take place on every major Chinese exchange from now on... There might be more anti-bitcoin laws coming. Wasn't this the reason for the big drop about a week ago? Maybe he is talking about the smaller decline just recently, after the price was pretty stable around $900 for a day or two. Did any new news come from China yesterday that I missed? It is all connected, chinese warnings and actions a few days back has damaged bitcoin trading activity. We we will observe fear caused by that. Maybe what happened was delayed liquidation of large positions in response to this news? But I think this is all over now. Time to gain.
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lionheart78
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January 11, 2017, 11:06:01 AM |
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Maybe some panic due to Bitstamp being unavailable for many users ( me included ) ? Nah, it has nothing to do with Bitstamp or any other western bitcoin exchange. Current decline and somewhat unstable situation is caused by Chinese government trying to curb bitcoin trading. They continuously see Bitcoin as a danger to their own domestic financial market and fiat and way for Chinese citizens to transfer money abroad. That is why they recently announced harsh AML/KYC procedures will take place on every major Chinese exchange from now on... There might be more anti-bitcoin laws coming. Wasn't this the reason for the big drop about a week ago? Maybe he is talking about the smaller decline just recently, after the price was pretty stable around $900 for a day or two. Did any new news come from China yesterday that I missed? It is all connected, chinese warnings and actions a few days back has damaged bitcoin trading activity. We we will observe fear caused by that. Maybe what happened was delayed liquidation of large positions in response to this news? But I think this is all over now. Time to gain. I think aside from this reason, whales wanted to accumulate at lower price, realizing that Bitcoin is still bullish and will probably uptrend soon, the dump is needed to create a panic so sheeps will follow. but I guess it has recover some of its price now @ $870 as of the time while I am writing this reply. But I guess the event is still normal . This happen several times so no new here.
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shadowninjax (OP)
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January 11, 2017, 11:08:42 AM |
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Someone finally woke up from the new years hangover and realized the BTC rally happened.
Not kidding. I feel exactly the same right now lol No one knows which direction the market will move! You can ask until you are blue in the face, the price might rise, the price might fall. It seems now like we had a mini-bubble. The Yuan price was 8900, which is an all time high, and about $1280.
Now the Chinese price has fallen back into line with the USD price, and the mini-bubble has popped. We are back at mid-December prices, remember the price was sub800 early in December, so we are still actually up since then! I am hoping for a continued rise from here, without it bubbling over. Who knows what will happen though.
Yea lets hope the same too.
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Shiroslullaby
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January 11, 2017, 11:30:24 AM |
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Sub $800 here we come... Someone is dumping a ton of coins. People are getting scared and its causing a panic selloff. If you've got the balls and time it right you might be able to make a huge amount of money in the next day or two.
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shadowninjax (OP)
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January 11, 2017, 12:05:26 PM |
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Sub $800 here we come... Someone is dumping a ton of coins. People are getting scared and its causing a panic selloff. If you've got the balls and time it right you might be able to make a huge amount of money in the next day or two.
Aaand it keeps falling, yea I see sub $800 coming too.
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BitHodler
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January 11, 2017, 12:10:03 PM |
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Maybe some panic due to Bitstamp being unavailable for many users ( me included ) ? Bitstamp is working fine right now, so that's definitely not the reason the price is going down significantly. I think it has more to do with the Chinese government trying to tighten down own exchanges as they allow people to move wealth from one country to another. And as you know, China can't stand that. I wonder what the outcome will be. It seems that traders don't want to wait and thus start dumping massively. It's time for sub $800 prices.
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BSV is not the real Bcash. Bcash is the real Bcash.
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shadowninjax (OP)
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January 11, 2017, 12:20:47 PM |
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Bitstamp is working fine right now, so that's definitely not the reason the price is going down significantly.
I think it has more to do with the Chinese government trying to tighten down own exchanges as they allow people to move wealth from one country to another.
And as you know, China can't stand that. I wonder what the outcome will be. It seems that traders don't want to wait and thus start dumping massively. It's time for sub $800 prices.
Looks like Huobi is falling to 760s. Has bitcoin been regulated or worse, banned in China? I don't seem to find any news regarding that, except few weeks ago that they wanted to regulate it.
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