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Author Topic: Bitcoin Price Crashes in What Could Be the Begginging of a Selloff  (Read 445 times)
alani123
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April 22, 2017, 02:46:25 PM
 #1

Bitcoin markets are under heavy pressure right now as the recently reached $1200 levels are getting closer to being breached by sizeable sell orders. A large downward spike can be observed with BTC/USD rates going down instantaneously. The premium on Bitfinex might have reached a margin close to a $100 difference from market prices but the ongoing sell off seems to also hold its roots in the troubled exchange

https://www.crypto-news.net/bitcoin-price-crashes-in-what-could-be-the-beggining-of-a-selloff/
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TraderTimm
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April 22, 2017, 03:06:53 PM
 #2

A "Begginging"? What am I reading?

A 30 dollar swing in Bitcoin is not exactly cause for alarm. I disagree that its the start of some larger move. You didn't expect all up-to-the-right action without some kind of retrace, did you?

My longer-term target is ATH 1,350's (Bitstamp). It will get there even if we have some stumbles on the way.

fortitudinem multis - catenum regit omnia
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April 22, 2017, 03:24:25 PM
 #3

What an amateuristic article. It's a common market reaction that has nothing to do with an idicating sell-off. It's just that the one behind this article waits for a tiny dump to happen (possibly someone just cashing out some profits), and directly jumps on it in the hope that he is right. He's just summing things up that most of the people are already aware of, puts some sort of his "thought" behind it, and voila, there you have an article that will generate them a bit ad revenue. Try harder.

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April 22, 2017, 05:50:31 PM
 #4

The author of this article must be out of ideas. I know how it is when you badly want to squeeze out a piece of writing and there's nothing going on, so you jump at any opportunity.
The price moved a bit and he instantly farted out this crappy story and by the time he was done the price went back up again. Who cares, time to publish and get some money!


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Kemarit
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April 23, 2017, 11:30:09 AM
 #5

It was a rushed article. The author is in need to complete the deadline to write the article. The result is a rubbish article with no foundation. And then contradicts himself at the end. Maybe he is just creating fear amongst to pressure us(newbies) for a sell-off. And the bitcoin major signals #2 has also no basis. Bitcoin has rallied and its  almost touching $1400 now so this article is really dumbfounded for me. He should research more before writing another article.

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April 23, 2017, 01:02:22 PM
 #6

It was a rushed article. The author is in need to complete the deadline to write the article. The result is a rubbish article with no foundation. And then contradicts himself at the end. Maybe he is just creating fear amongst to pressure us(newbies) for a sell-off. And the bitcoin major signals #2 has also no basis. Bitcoin has rallied and its  almost touching $1400 now so this article is really dumbfounded for me. He should research more before writing another article.

I'm not sure if you've been reading the price charts, but the price is around $1240 right now.

No exchange is even anywhere near $1400 except for Bitfinex, but there's absolutely no reason to count Bitfinex because the price is influenced by the fact that they're not processing USD deposits or withdrawals - if the price is about the state of an exchange rather than Bitcoin the price is irrelevant.

veleten
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April 23, 2017, 01:28:32 PM
 #7

nice try,crypto-news  Grin
next time learn to read the charts and have at least some semblance of analysis
"crashes" "selloff" ,yeah,right the price "crashed" to 1230 from 1240?
and there are no signals of it going below 1180$ in near future

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