Bitcoin was just dumped down to $2360

[spartak_t]

Current average price is $2470 and market cap $85 Billion. Let's see what happens in the coming hours/days and how it's going to affect alts...

[1714077913]

1714077913

[The Sceptical Chymist]

This doesn't surprise me and should surprise no one.   Things don't rise this fast without people taking their money off the table.   This whole market has me freaked out.  I've never seen this much of a bubble even in the stock market,  and I've been following stocks for many years.

[spartak_t]

This doesn't surprise me and should surprise no one.   Things don't rise this fast without people taking their money off the table.   This whole market has me freaked out.  I've never seen this much of a bubble even in the stock market,  and I've been following stocks for many years.

I can just imagine what will happen in short term with billion coins like DOGE and SIA. If this dump continues (though it's a bit early to talk about real dump as Bitcoin is still up comparing to yesterday's price), then thousands of people will cry. Won't mention names of other coins (or whatever) on purpose.

[NoiseBoy]

Read "A Random Walk Down Wallstreet" or "Fooled By Randomness". In fact, just read "Fooled By Randomness."

What I hear when I read comments about short term market moves is, "Noise just noise noise noise! White noise noise and also noise!"

[befrank]

Ok, so it dropped 13 percent? Which is perfectly normal after the current rise? Who cares. It might even drop another 13 percent? And from there it will rise again. Why the fuzz? Remember when everybody sells it is the perfect time to buy.

[spartak_t]

Read "A Random Walk Down Wallstreet" or "Fooled By Randomness". In fact, just read "Fooled By Randomness."

What I hear when I read comments about short term market moves is, "Noise just noise noise noise! White noise noise and also noise!"

And this comes from a guy who promotes ICO? I've been playing this "game" for quite some time now. Maybe you should read how I predicted the DAO failure a week before the attack? I'm not playing the smartass here, I'm just having some concerns (and it's not from today). Now try to be more constructive if you have opinion other than I'm being the dumb guy here.  

Ok, so it dropped 13 percent? Which is perfectly normal after the current rise? Who cares. It might even drop another 13 percent? And from there it will rise again. Why the fuzz? Remember when everybody sells it is the perfect time to buy.

I care for people who are overpricing coins. Personally I don't give a shit even if it drops down to $1200.

[LilibethSantos]

I am not discouraged by brief crashes in the long term perspective of Bitcoin or the leading altcoins. It would not surprise me if Bitcoin drops to something like $1,800-$2,000 this week. This market is like a roller coaster.

[spartak_t]

And, just for the record, I think it was yesterday when I looked on CoinMarketCap and saw that only 2 out of the top 100 coins had about 2.5% decline - all others were in green. See what happens now.

EDIT: Now I counted them again - 51 coins out of the top 100 are with -10% or more decline for the past 24 hours.

[vlom]

i hope that the rise stops. not because i almost run out of altcoins because i sold them. if the rise continues then too many people will get burned.
i can understand why BTC and ETH rose. but doge, digibyte, bytecoin? what the fuck?

[anonimogmr]

Almost all the top 100 coins dumped... wow it's all red but bitcoin seems to be rising again.

[Apollo777]

Imo, margin bull slaughter fest... panic sellers burned, then the rise will come. Healthy correction / pullback if it holds. it's the 5th hour. Gandalf the White will soon come.

[spartak_t]

Imo, margin bull slaughter fest... panic sellers burned, then the rise will come. Healthy correction / pullback if it holds. it's the 5th hour. Gandalf the White will soon come.

What if the sell walls yell: "You shall not pass!"?

[Hueristic]

JESUS CHRIST!!! @Fluffypony, DO YOU SEE WHAT YOU DID!!!

[BitcoinPicasso]

i hope that the rise stops. not because i almost run out of altcoins because i sold them. if the rise continues then too many people will get burned.
i can understand why BTC and ETH rose. but doge, digibyte, bytecoin? what the fuck?

The other coins rose so us bagholders could dump onto the new generation. Everyone needs to be bagholder at some point may as well indoctrinate these newbs.

[Kotone]

Current average price is $2470 and market cap $85 Billion. Let's see what happens in the coming hours/days and how it's going to affect alts...

Lol this is normal however it will become more expensive this coming week this is how they can made profit by dumping and instantly pumping once they already bought bitcoin. See the market cup it already breach $40b.... And they starting pumping bitcoin again..

[richardfisk]

On bittrex bitcoin just failed to $2100. Damn it. I could buy exchange my bitcoin other crypto and earn money from that. I am waiting for another big dump so that altcoin will rise

[spartak_t]

Imagine to have your entire fortune in some of the top coin/s: "My net worth is $50 Million". Ten minutes later: "My net worth is $35 Million". On the next day: "My net worth is $120 Million.". Funny, eh?

[chaser15]

Current average price is $2470 and market cap $85 Billion. Let's see what happens in the coming hours/days and how it's going to affect alts...

Nothing surprise me as in my own view, it's still considered as high following the large price increase that happens the moment it was reaching around $2,000. But somehow, like the usual, still on way up even by slow movement meaning the price decrease is not a big deal after all unless you are waiting for the small dip to makes buy.

Some of the altcoin's price movement still on their low price change today but slowly recovering from that low. Kinda good sign since it's now to make again some grabbing alts before price increase in some of them will happen again.

[jameshowlett]

Big dump is coming everyone. Whales begin to sell their Bitcoin. hold your position and do not fall to their trap

[legday]

only thing I'm concerned about is, if prices drop too low, I'll have to empty my pockets to buy a lot of coins.