Phil_S
Legendary
 Offline
Activity: 2091
Merit: 1461
We choose to go to the moon
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December 22, 2017, 06:50:30 AM |
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I looked at hourly stats from Bitstamp in 2017, and the biggest drops from ATH look like this:
ATH = 2631.204711 -> 1860.808877 (100% -> 70.72% drop)
ATH = 4941.708812 -> 3011.191850 (100% -> 60.93% drop)
ATH = 7719.501657 -> 5704.976298 (100% -> 73.90% drop)
ATH = 19572.557343 -> 13775.041897 (100% -> 70.38% drop)
This last one seems pretty average, no big deal.
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hodl_2015
Member
Offline
Activity: 371
Merit: 57
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December 22, 2017, 06:51:00 AM |
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Any idea what is driving this selloff and volatility ?
This is bitcoin. It's going up because it's going up and down because it's going down. That's by far the biggest thing driving it. Hodling and planning to buy some cheap coins in a week or 2. |
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RejectedBanana
Sr. Member
Offline
Activity: 406
Merit: 551
I am a banana.
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December 22, 2017, 06:52:59 AM |
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I looked at hourly stats from Bitstamp in 2017, and the biggest drops from ATH look like this:
ATH = 2631.204711 -> 1860.808877 (100% -> 70.72% drop)
ATH = 4941.708812 -> 3011.191850 (100% -> 60.93% drop)
ATH = 7719.501657 -> 5704.976298 (100% -> 73.90% drop)
ATH = 19572.557343 -> 13775.041897 (100% -> 70.38% drop)
This last one seems pretty average, no big deal.
You forgot 1163 to 152. 384 if you want to be generous. |
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Phil_S
Legendary
Offline
Activity: 2091
Merit: 1461
We choose to go to the moon
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December 22, 2017, 06:57:56 AM |
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Yeah, I was looking at second half of 2017 actually.
We might dip below 13000 yet... but I'm guessing we'll stay above 12000.
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El duderino_
Legendary
Offline
Activity: 2506
Merit: 12032
BTC + Crossfit, living life.
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December 22, 2017, 06:58:43 AM |
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Still This Many weak hands
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El duderino_
Legendary
Offline
Activity: 2506
Merit: 12032
BTC + Crossfit, living life.
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December 22, 2017, 07:02:09 AM |
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So This time the price for 31 dec Will be difficult getting to my guess  |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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December 22, 2017, 07:04:41 AM |
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Still This Many weak hands
I admit to being one of them now. Little by little, I give. I had my fun. But this is just depressing. |
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milkshock100
Member
Offline
Activity: 242
Merit: 14
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December 22, 2017, 07:05:31 AM |
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The master did claim 10k would be tested again.
The problem is he warned us that the bubble was over if we tested 10k from 20k rather than 17k, which is what is looking like is going to happen here.
‘But the price can simply stupidly drown the bubble further. And in that case, I strongly doubt that we will see something more than 20-30k any more. Because 10k is not tested, it means that we will fall on it no matter where. And if with 30 we fall to 10, then the bubble caput. And if from 17 to 10, it seems like no. ‘
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Lopumbo
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December 22, 2017, 07:06:14 AM |
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8700€=~10300$ on GDAX
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YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
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December 22, 2017, 07:08:16 AM |
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Just a little break to destroy the day traders and the hairdressers that just found out about bitcoin and are trying to get rich overnight. Did you really think that these motherfuckers were going to be in the 1% wealthiest ? After this (who knows how long it will last) we will see another all time high. And the history will repeat every time until the market gets rid of the losers.
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NUFCrichard
Legendary
Offline
Activity: 1218
Merit: 1003
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December 22, 2017, 07:08:32 AM |
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This is getting crazy pretty fast!
We'll be back to November prices if this crash continues for long!
The fees are a joke though, I can see why people would jump ship when the fees are 1000sats per byte. I guess only the people with coins on exchanges will dump though, it's too damn expensive to transfer to dump!
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4309
diamond-handed zealot
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December 22, 2017, 07:08:51 AM |
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hey guys, help me out here, I been heating the house mining ZEC with the old gear...is there a "reputable" exchange to get rid of them on?
where does WO go to slum with alts?
Bittrex. thanks Hairy |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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December 22, 2017, 07:09:41 AM |
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wow this day will never end
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4309
diamond-handed zealot
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December 22, 2017, 07:12:08 AM |
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here we go, this one might just do it
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somac.
Legendary
Offline
Activity: 2056
Merit: 1188
Never selling
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December 22, 2017, 07:12:22 AM |
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The master did claim 10k would be tested again.
The problem is he warned us that the bubble was over if we tested 10k from 20k rather than 17k, which is what is looking like is going to happen here.
‘But the price can simply stupidly drown the bubble further. And in that case, I strongly doubt that we will see something more than 20-30k any more. Because 10k is not tested, it means that we will fall on it no matter where. And if with 30 we fall to 10, then the bubble caput. And if from 17 to 10, it seems like no. ‘
where do you guys find out about his predictions? does he have a twitter account or something? |
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Lopumbo
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December 22, 2017, 07:12:57 AM |
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it's too damn expensive to transfer to dump!
haha all the indian taxi drivers are now the bag holders  |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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December 22, 2017, 07:13:35 AM |
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here we go, this one might just do it
this is a nightmare  |
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4309
diamond-handed zealot
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December 22, 2017, 07:14:14 AM |
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here we go, this one might just do it
this is a nightmare no dude, this is necessary, this is good |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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December 22, 2017, 07:14:39 AM |
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Summary:STRONG SELL
Moving Averages:SELLBuy
Technical Indicators:STRONG SELL
Classic 13104.0
RSI(14) 38.571 Sell
Bull/Bear Power(13) -379.7780 Sell
Ha ha, selling after the selling has already occurred. I would also consider advising to buy when no one is buying at the top. |
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YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
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December 22, 2017, 07:16:39 AM |
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it's too damn expensive to transfer to dump!
haha all the indian taxi drivers are now the bag holders Exactly what i was saying. These arrogant cocksuckers (geniuses because they only experienced up and up) who just try to leech off bitcoin and have never experienced a bear market need to be erased from Bitcoin and stay in their place, as cab drivers. |
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