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Author Topic: Will there be an epic dump?  (Read 2392 times)
olarsson (OP)
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May 25, 2017, 12:26:38 PM
 #1

After this epic rise I expect an epic dump but there seems to be no end to the BTC price increase. It goes up and up every day. Will the dump come? When?
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May 25, 2017, 12:35:33 PM
 #2

When the wales pull out...
When? Dont know, I think it wont be very soon.
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May 25, 2017, 01:01:16 PM
 #3

After this epic rise I expect an epic dump but there seems to be no end to the BTC price increase. It goes up and up every day. Will the dump come? When?

I suspect we will have a big drop this year. I don't see how the price can just keep going up without a big drop and probably pretty soon.

 
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May 25, 2017, 01:04:33 PM
 #4

in crypto space the rise that bitcoin had is pathetically low rise!
i mean have you even checked the rise of altcoins in the past month or two? i guess not Cheesy
the altcoins have gone up more than 1000%. if anything is about to get dumped that would be altcoins, and there will be blood bath.
in fact they have started getting dumped hard.

don't get me wrong this bitcoin price rise is still big and won't last forever. but i am not sure we can call it a "pump" yet to have a "dump" after it. and the drop won't be as big as you may hope so don't keep your hopes up if you missed the chance Wink

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May 25, 2017, 01:08:04 PM
 #5

Wow $2673.00 yeah the dump will happen soon. I suspect it will drop the price back down to about $600 just a guess
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May 25, 2017, 01:19:34 PM
Last edit: May 25, 2017, 02:36:35 PM by saqwe
 #6

The rise in the price of bitcoin was long overdue but it is just taking effect in this second quarter of 2017.

Bitcoin is reacting to some fundamental news due to the fact that some countries may adopt bitcoin as a legal tender, prominent among such countries is Greece and spain due to their economic hardship and their failure to secure bail out funds.

Just like any economic data, nobody can boldly say this is the extent that the price will rise but we can all enjoy the show will it last.

The only thing that is very certain is that bitcoin price will never go below $1000 again.
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May 25, 2017, 01:37:19 PM
 #7

Wow $2673.00 yeah the dump will happen soon. I suspect it will drop the price back down to about $600 just a guess

no way, $600 is a lot.
after the dump price will dump down to $200 if we are lucky and if not it will drop down to $0.20 ... {the palm and the face meat here}

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May 25, 2017, 01:44:04 PM
 #8

There definitely will be pull back, but trying to time it is out of the question.
For all you know, Bitcoin could first rise to $5000 and then crash to $4000.  Wink


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May 25, 2017, 01:45:04 PM
 #9

its true, back in 2013 15% was a slow day...

that said volumes are bigger so harder to move

that said said, the bigger it gets the more volume it can attract

think of how it was a big thing to go over $1, $10, $100 and it was, but now $100 movement is meh.

think about the absolute de-linkage between face value of fiat and actual value and how every other asset is rigged, the levels of corrupting and bad management.

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May 25, 2017, 01:48:23 PM
 #10

There will be an epic dump? I don't think there will be, maybe it is just a correction but sooner or later the normal market of bitcoin rises very quick. And it's hard to believe just like what's happening today we haven't seen a small dump. But I guess the rally is real because of the demand after the scaling issue.

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May 25, 2017, 01:51:30 PM
 #11

Yes but it could be from like $17k to 5k soo.................
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May 25, 2017, 02:12:18 PM
 #12

There definitely will be pull back, but trying to time it is out of the question.
For all you know, Bitcoin could first rise to $5000 and then crash to $4000.  Wink

Please be right please be right please be right

I wouldn't like a new pump and dump scheme like we had few years ago, this would be the worst!
The only thing that is a bit worrying me is the difficulty of access of trading platforms!
You could expect they would have learned no? Well no! Not at all!!! This is stil completely ridiculous, you can barely have access to your account due to their pathetic servers not able at all to handle the number of orders transactions and people trying to buy and sell!

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May 25, 2017, 02:12:48 PM
 #13

i believe yes, this last increase above $2k is raising too damn fast, can't be genuine at all they are indeed manipulating now the market, the last one was more slow and could be legit due to increase adoption

but in less than one day 25% more is crazy, still i'm with those that think the dump will not make the price go under $1300 anymore
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May 25, 2017, 02:13:36 PM
 #14

Yes why not? The price that BTC will need to pay back for this whole rise will be much more amplifying than it sounds at the moment. The crash is inevitable and mind well, when it will take place, it will shock everyone taking it back to $1000 or even less than that. The prices atm are too good to get out when big investors are investing currently.
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May 25, 2017, 02:16:41 PM
 #15

What is the benefit? To collect more? isnt it too risky atm? There is no only 1 whale but many. There many whales that waiting for a dump to collect more. And when they collect price get even higher than before with the green trend.  Grin
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May 25, 2017, 02:33:03 PM
 #16

It's a possibility. According to the following article, we could either see a correction of 47%, or the price will jump to about $6000:

http://www.cnbc.com/2017/05/25/bitcoin-price-correction-record-high.html


Quote
Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs.

On Thursday, bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date.bitcoin hit an all-time high of $2752.07, according to CoinDesk data, marking a 175 percent rally year-to-date.

Meanwhile, the number of long positions – those betting on bitcoin to rise – has risen 18.2 percent, while short positions – those thinking the cryptocurrency will fall – have declined 10 percent since the start of the week, showing that traders are getting more bullish on the cryptocurrency, according to data from Bitfinex.

One technical analyst, who looks at historical trading patterns to determine future price moves, told CNBC that the $2,800 could mark a level of resistance where the bitcoin pulls back
.

The article then goes into stuff about fibonacci waves.


 
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May 25, 2017, 02:43:56 PM
 #17

Chances are pretty much more after such kind of pump and parabolic rise....

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May 25, 2017, 02:44:27 PM
 #18

Well there doesn't seem to be an end to the high demand. More and more people want in and the people who are already in want more. A significant correction is inevitable for sure. But another way of looking at it is that we are currently in a long overdue upwards correction.  Wink
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May 25, 2017, 02:50:49 PM
 #19

After this epic rise I expect an epic dump but there seems to be no end to the BTC price increase. It goes up and up every day. Will the dump come? When?
I think there's no dump will happen after all country adoption of bitcoin is the reason why bitcoin price increase that much. Japan and Hawaii will led the market soon as the market cup of bitcoin it reach $40b Dollars already. Im pretty sure that there's no dump will happen agains bitcoin currency chances are probably but not that much.
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May 25, 2017, 04:10:34 PM
 #20

LOL

There will be many EPIC dumps in the coming days. Btc exchanges will be flowing with red blood. Most of you reading this will lose everything, including the shirts on your back. Your wives and daughters will be selling their bodies, your sons will be selling their organs. Thank God for BTC!!!

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