BTC doing good after this big dump

[agustina2]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

We went from $1200+ to $800 so that $1200 to $1165 and bouncing back is expected to happen in bitcoin price. We can see that whatever FUD attempts to make the bitcoin price decrease, still it was nothing to do and it keep getting back with the price rise. Anyhow, the event today has nothing to do with the FUD so normal as it was.

Let's see what will happen next.

[1715400038]

1715400038

[1715400038]

1715400038

[1715400038]

1715400038

[1715400038]

1715400038

[1715400038]

1715400038

[Harry Callahan]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

The uncertainty in price will continue as long as the speculation over the block issue and how they are going to tackle the issue ,i am expecting the price would move along $1000 to $1200 until there is a solution of the issues and to be frank we did not have that much of a dump we used to see earlier.

[richardsNY]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

We went from $1200+ to $800 so that $1200 to $1165 and bouncing back is expected to happen in bitcoin price. We can see that whatever FUD attempts to make the bitcoin price decrease, still it was nothing to do and it keep getting back with the price rise. Anyhow, the event today has nothing to do with the FUD so normal as it was.

Let's see what will happen next.

The dump came after the tweet from F2Pool stating that they won't support SegWit. It's a pool that currently accounts for 9.5% of the network, and thus they are getting taken seriously by traders. I am not sure if the pool in question is just trolling or seriously doesn't like SegWit, but it heavily contributes to the weakened sentiment as uncertainties remain strongly present.

[Stedsm]

If you see $40 against such huge price a "big dump", then I think you need to check back again. It should not be called dump, but correction of the currency back to where it should be. It is again back to $1191 and already went to $1200 once again today so no need to worry about that correction as the price is growing, we just need to take care that nobody sells off below $1100 as $1200 is already being maintained as the most-liked resistance.

[Pab]

There are fresh news from us bonds market.US bonds has broke support level,will be sell off,dollar will goes down and sell offs on stocks will begin,ood of money will looking for new investments,so if small part of that money will come to btc will be btc hossa,do not forget about french elections it may shake Europe

[posternat]

Do you think that it is a big dump? Because i think it is minimizes price down. But i also think that when bitcoin start to down than its mean the time is coming to again up.   

[BitHodler]

There are fresh news from us bonds market.US bonds has broke support level,will be sell off,dollar will goes down and sell offs on stocks will begin,ood of money will looking for new investments,so if small part of that money will come to btc will be btc hossa,do not forget about french elections it may shake Europe

Professional money might have flown into Bitcoin if we had one of the ETFs approved. They are looking for a way to benefit from Bitcoin's potential, without actually hodling Bitcoin. ETFs are perfect for that.

These high level investors aren't really interested to buy themselves into Bitcoin through exchanges. They are looking for a professional platform that suits them, and one that is being watched by the SEC.

[talkbitcoin]

There are fresh news from us bonds market.US bonds has broke support level,will be sell off,dollar will goes down and sell offs on stocks will begin,ood of money will looking for new investments,so if small part of that money will come to btc will be btc hossa,do not forget about french elections it may shake Europe

Professional money might have flown into Bitcoin if we had one of the ETFs approved. They are looking for a way to benefit from Bitcoin's potential, without actually hodling Bitcoin. ETFs are perfect for that.

These high level investors aren't really interested to buy themselves into Bitcoin through exchanges. They are looking for a professional platform that suits them, and one that is being watched by the SEC.

the "professional money" as you call it, will come into bitcoin if it wants to and it always does it when it is smart (meaning while there is a dip like when it went down to $900 or when it was $450 or better yet when it was $200).

and from what i understand from ETF, you don't invest money in bitcoin you invest money in ETF and buy something like shares from that ETF and that has nothing to do with bitcoin.
although as i said this before, ETF approval could have been a good positive news for bitcoin.

[BitHodler]

There are fresh news from us bonds market.US bonds has broke support level,will be sell off,dollar will goes down and sell offs on stocks will begin,ood of money will looking for new investments,so if small part of that money will come to btc will be btc hossa,do not forget about french elections it may shake Europe

Professional money might have flown into Bitcoin if we had one of the ETFs approved. They are looking for a way to benefit from Bitcoin's potential, without actually hodling Bitcoin. ETFs are perfect for that.

These high level investors aren't really interested to buy themselves into Bitcoin through exchanges. They are looking for a professional platform that suits them, and one that is being watched by the SEC.

the "professional money" as you call it, will come into bitcoin if it wants to and it always does it when it is smart (meaning while there is a dip like when it went down to $900 or when it was $450 or better yet when it was $200).

and from what i understand from ETF, you don't invest money in bitcoin you invest money in ETF and buy something like shares from that ETF and that has nothing to do with bitcoin.
although as i said this before, ETF approval could have been a good positive news for bitcoin.

If you took the effort to properly understand what I said (I bolded the part for you), then you wouldn't have to rephrase the the same thing.

If you still don't understand, it means that through a Bitcoin related ETF, you can benefit from Bitcoin's potential growth, without actually having any Bitcoins.

[lumeire]

At the moment price is quite unpredictable even after this drop it recovered so quickly. Now chance is so good to touch $1300 in next run I think next week this will happen and before end of Q2 it will be over $1500 with this trend.

Could be a trap? I didn't even feel it. Maybe one mining company needed to pay their bills.

It's all part of the cycle I suppose.

[talkbitcoin]

Professional money might have flown into Bitcoin if we had one of the ETFs approved.

i took the effort twice now and i am still standing on what i said.

"professional money" will come into bitcoin without needing any ETF (which means direct investment not through indirect channels), and that is actually because it is decentralized and SEC or any other thing is not watching it.

and as i said from what i have understood from ETF, whoever invests in ETF is not benefiting from bitcoin, it is like investing in any other centralized bond or whatever and many professional traders won't bother with this way of investment. many regular traders might.

[Hazir]

Professional money might have flown into Bitcoin if we had one of the ETFs approved.

i took the effort twice now and i am still standing on what i said.

"professional money" will come into bitcoin without needing any ETF (which means direct investment not through indirect channels), and that is actually because it is decentralized and SEC or any other thing is not watching it.

and as i said from what i have understood from ETF, whoever invests in ETF is not benefiting from bitcoin, it is like investing in any other centralized bond or whatever and many professional traders won't bother with this way of investment. many regular traders might.

I disagree. I don't see any other way for institutional money to fuel bitcoin market. ETF was the only hope for that.
Professional investors can't touch unregulated assets, so companies can't buy and trade bitcoin.
Bitcoin is hobby for rich wall street brokers or bankers, but they are using their own private money to purchase it.

[grandy]

Do you think that it is a big dump? Because i think it is minimizes price down. But i also think that when bitcoin start to down than its mean the time is coming to again up.   

i do not think so, i think it is just the correction of the price of bitcoin, that usually the market take, i think the people have now becoming more and more mature and they are not creating panic like situation, i am hopeful that the price of bitcoin will continue increasing and very soon the price of bitcoin will trading above 2000 USD level.

[naidray]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

But how you are calling it is a big dump. Technically it was a downfall of less than 5% which is very much casual fluctuations of daily market movements. I guess people are getting practice to rocksolid price levels and thus leads to calling it is a big dumb.

Right now bitcoin prices are recovering and moving toward $1200 levels again as F2pool started voting for segwit. I believe we are going to find a solution for the issues of scalability in very near future and certainly it will lead to breaking $1300 price levels this time.

[cpfreeplz]

Lop you must be new. Less than 10% of a dip is not a dump. 90% over a week is a dump. There was a dip, then we went back to just about where we were before. It's not a big deal if you just sit back and HODL.

[Sniper44]

Lop you must be new. Less than 10% of a dip is not a dump. 90% over a week is a dump. There was a dip, then we went back to just about where we were before. It's not a big deal if you just sit back and HODL.

correct me if i am wrong but your percentages are way too off if you are talking about the price. 90% drop is not a dump it is bitcoin is dead because it means going down to $117 (from current $1170ish).

but i agree that anything small like the price dip we saw is better called "dip" as in a bump on the road rather than being a dump. or at least call it mini dump for accuracy. and it is all normal with bitcoin fluctuations.

[iamnotback]

Is BitFUnix and the Tether dollar USDT about to crash the Bitcoin market?

Re: BTC doing good after this big dump

The floor is really around $1050-1100 right now and it's unlikely to break that due to the strong resistance in the market.

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

Just like what others said, I don't go for it that it was a big dump. It's only a very small fluctuation compare to what happened from the past like Mt.Gox and with the BTU drama.The price right now is at $1,199 on preev and it will keep on moving and stable at that rate. We'll see that $1,300 very soon.  

as far as I know a correction shouldn't be sharp. it is usually a slower drop. the sharp dips usually show some kind of manipulation and followed by panic sell. mostly starting with the expectation of a drop (in this case the SegWit drama by F2Pool) and then weak hands jump.

Expect some event to serve as a distraction from the Scalepocalyspe reality that we are enslaved by the shadow elite.

This market is flat out fraud.  $30 $41 spread between Finex and Bitstamp.  Since we all know Bitfinex is an insolvent exchange that trades against it's own customers and also steals their money, I'm guessing that spread is also propped up by non-existent money just like Gox.  Why are people willing to put up a $2 million buy wall on Bitfinex but no other exchange to try and prop up price?  Because Bitfinex probably isn't even using real money, just imaginary exchange digits.  

I've been saying BitFinex is the new Gox forever and here it is.  There is no valid price of bitcoin as long as Bitfinex is the market maker.

The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist:

BitFUnix has probably been paying off old thefts with new Ponzi money incoming per recent news.

Making excuses about not being able to make wire transfers.

Also note that Tether was involved in that lawsuit, so perhaps USDT token is also not safe to hold:

Court records show that yesterday, lawyers for the plaintiffs – iFinex (the owner and operator of the exchange), its two British Virgin Islands-based subsidiaries and digital asset transfer firm Tether – filed a notice of voluntary dismissal in the US District Court for the Northern District of California.

The reason for the 2 - 3% discrepancy between BitFUnix/Poloniex and Bitstamp is because the former at quoting in USDT, which is the Tether dollar. The market believes the Tether dollar is worth 2 - 3% less than the real US dollar.

You can rest assured that Tether dollars are a private fractional reserve system. The list of those who can redeem USDT for real US dollars is controlled by Tether, so they can prevent a run on the bank. If the market ever senses that the USDT is not backed by anything or is in danger of being regulated non-compliant for exchanges, then all those holding USDT would probably see the value of their USDT go "proof, and it's gone". I am suspecting that the way BitFUnix has remained afloat is by scheming with those who created Tether so they get a kickback for using USDT instead of actual dollars on their exchange. Ditto perhaps Poloniex. The collapse of USDT could cause another flash crash to Bitcoin.

[aso118]

Is BitFUnix and the Tether dollar USDT about to crash the Bitcoin market?

Ouch! If Tether goes bust, it would shake up people's confidence in bitcoin exchanges as a whole.
People see Tether as a convenient way of not touching fiat. Their confidence stems from the belief that Tethers are fully backed by US Dollars.

[selline]

Do you think that it is a big dump? Because i think it is minimizes price down. But i also think that when bitcoin start to down than its mean the time is coming to again up.   

i do not think so, i think it is just the correction of the price of bitcoin, that usually the market take, i think the people have now becoming more and more mature and they are not creating panic like situation, i am hopeful that the price of bitcoin will continue increasing and very soon the price of bitcoin will trading above 2000 USD level.

I hope those people who have a bitcoin, don't create a sense of panic if possible price bitcoin declined because in doing a pas market prices are still declining and also I look forward to the future price of the bitcoin will always continue to increase and may soon price bitcoin menyampai $2000 because that would be an increase in the users of the bitcoin has increased over time.

[DD-Lex]

Do you think that it is a big dump? Because i think it is minimizes price down. But i also think that when bitcoin start to down than its mean the time is coming to again up.   

i do not think so, i think it is just the correction of the price of bitcoin, that usually the market take, i think the people have now becoming more and more mature and they are not creating panic like situation, i am hopeful that the price of bitcoin will continue increasing and very soon the price of bitcoin will trading above 2000 USD level.

I hope those people who have a bitcoin, don't create a sense of panic if possible price bitcoin declined because in doing a pas market prices are still declining and also I look forward to the future price of the bitcoin will always continue to increase and may soon price bitcoin menyampai $2000 because that would be an increase in the users of the bitcoin has increased over time.

Experienced investors do not create panic and quietly wait for the growth of bitcoin, and the newcomers sell coins for a pittance during a panic and without knowing what profit can be obtained from these coins.