MiBambino (OP)
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May 25, 2017, 05:36:25 PM |
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What's the reason BTC dipped quite hard today? I didn't hear any news or recent changes in the landscape, so what made it drop? Whales cashing out or something?
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qiwoman2
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May 25, 2017, 05:39:52 PM |
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I wonder if this huge dump goes under 200O USD what will happen? Will there be some mass exit and panic from everyone and will everyone be running to Ethereum or other blockchains instead? Am curious to see what will happen now over the coming days.
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SwagGirl
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May 25, 2017, 05:45:19 PM |
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OmegaStarScream
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May 25, 2017, 05:53:53 PM |
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Exchanges manipulating the market with pump-dump was never something new on bitcoin scene, people should continue to hold and not panic sell, that what would kill the price in a matter of hours. We are doing great, we should continue to increase with stability If we want bitcoin to be mentioned in the news in the next few weeks, that should bring more attention and eventually more demand and even a higher price.
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realnoah
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May 25, 2017, 05:54:02 PM |
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Goes to show how the media can influence traders...
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BillyBobZorton
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May 25, 2017, 05:57:07 PM |
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It could be anything. There will always be idiots reacting to the media and panic selling at the smallest sign of a correction. It takes 1 whale to panic sell, then a bunch of idiots see news like these during in a $100 correction, which as a result creates a panic selling period. It doesn't matter, the market will recover, and we'll see soon once again people that were on the fence on jumping in, crying about not having bought the dip. |
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25hashcoin
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May 25, 2017, 06:00:37 PM |
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There's always dips and corrections. Always.
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Minecache
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May 25, 2017, 06:16:34 PM |
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I saw that article and knew it would cause at least a ripple. But yeah martkets move up and down all the time. They can't always move up. Anyway remember that you buy in the dips. |
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Siren
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May 25, 2017, 06:23:13 PM |
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The price is too tempting to some big investors not to sell, so he probably dumps it and take profit. We have spoken about $2000 is the mental barrier for others to sell, so maybe what we are seeing is $2500 as set as new barrier before selling their bitcoin.
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Emoclaw
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May 25, 2017, 06:25:06 PM |
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This is just market correction, it's normal and it's meant to happen after a huge price increase.
Aren't we still sitting at $2400 though? The Coinbase rate is $2592.
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qiman
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May 25, 2017, 06:26:31 PM |
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There are too many short term day traders that want to take daily and weekly constant profits. So many of them now entering and doing margin trading also so this is making the markets up and down all the time nowadays. I do hope BTC remains over the 2k USD mark for now.
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tmp2
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May 25, 2017, 06:27:13 PM |
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There's always dips and corrections. Always.
Exactly |
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CardShare
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May 25, 2017, 06:37:33 PM |
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I wonder if this huge dump goes under 200O USD what will happen? Will there be some mass exit and panic from everyone and will everyone be running to Ethereum or other blockchains instead? Am curious to see what will happen now over the coming days.
I agree if we see a sustained slump and large volumes moving we could see a push back down. With all the talk of segwit on the cards. might be worth riding the waves for a bit in the hope for that one killer wave. https://bitcoinmagazine.com/articles/bip-148-and-bip-149-two-uasfs-activate-segwit/ |
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LeGaulois
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May 25, 2017, 06:47:24 PM |
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Exchanges manipulating the market with pump-dump was never something new on bitcoin scene, people should continue to hold and not panic sell, that what would kill the price in a matter of hours. We are doing great, we should continue to increase with stability If we want bitcoin to be mentioned in the news in the next few weeks, that should bring more attention and eventually more demand and even a higher price.
Exactly ! Look right now Coinbase. Coinbase is currently down for maintenance. And it's happen often, if not each time, there is a big change in the Bitcoin price. But wait, it's not the only one. Another exemple, Kraken. Kraken right now is so slow, I get the cloudfare page every 5 minutes. Bitcoin Exchanges Kraken, Poloniex To Be Scrutinized For Possible Insider Trading, Manipulation...DDOS or something else I have no idea, but for sure there is something dirty under this |
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centralbanksequalsbombs
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May 25, 2017, 07:13:48 PM |
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THREATS OF CHANGE IN BITCOIN PROTOCOL
Does the community here read things and are blind to the fact that most 'changes'/'implementations' to bitcoin protocol are trojan horses to put Bitcoin to death?
Bitcoin is the best working decentralized global store of value that can be simply easily transmitted across the world. In its current form: It is superior to Stocks, Gold, and Real Estate.
Why do you think banks/competitors are looking to change bitcoin?
If you let banksters and the ignorant change the code, you will witness the writing of history of bitcoins demise...
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olliedickman
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May 25, 2017, 07:16:18 PM |
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What's the reason BTC dipped quite hard today? I didn't hear any news or recent changes in the landscape, so what made it drop? Whales cashing out or something?
What do you expect from that? Bitcoin have run from $1200 to $2600 less than a month. There will be greed people will sell bitcoin for their money and start for another round to collect more bitcoin. No need news for this crash |
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deisik
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May 25, 2017, 07:22:08 PM |
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Exchanges manipulating the market with pump-dump was never something new on bitcoin scene, people should continue to hold and not panic sell, that what would kill the price in a matter of hours. We are doing great, we should continue to increase with stability If we want bitcoin to be mentioned in the news in the next few weeks, that should bring more attention and eventually more demand and even a higher price.
Exactly ! Look right now Coinbase. Coinbase is currently down for maintenance. And it's happen often, if not each time, there is a big change in the Bitcoin price. But wait, it's not the only one. Another exemple, Kraken. Kraken right now is so slow, I get the cloudfare page every 5 minutes. Bitcoin Exchanges Kraken, Poloniex To Be Scrutinized For Possible Insider Trading, Manipulation...DDOS or something else I have no idea, but for sure there is something dirty under this Yes, I also remember that once there was a significant correction, Coinbase went down. Though it is not quite clear what is the cause and what is the effect here. The price might have dipped because of Coinbase going down since people are afraid that this wallet might have got hacked finally, and this raised a wave of panic selling. Anyway, after they started charging fees for sending coins I stopped using this wallet, so no regrets, either Tomorrow will tell us in what direction the wind blows |
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Bit_Happy
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May 25, 2017, 07:26:20 PM |
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I can't understand what is happening. bitcoin is not only coin which is dropping. This is happening to all coins. see total market cap at coinmarketcap.com.
it dropped near 10 billion dollar just in two hours
What's the reason BTC dipped quite hard today?...
Greed went too far and Fear took over. |
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bryant.coleman
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May 25, 2017, 07:44:55 PM |
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It is just a small correction. The exchange rates have increased by around 150% during the past 2 months (500% during the last 12 months), and therefore I believe that a correction of upto 30% may be possible in the near future. A lot will depend upon the luck.... If you could sell your coins before the correction, then you can increase your holdings of Bitcoin.
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Ucy
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May 25, 2017, 07:57:08 PM |
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Lol little deep bro is panicking already. Don't worry too much bro, Bitcoin is heading to $3000 and above.
Such fluctuation happens once in a while.
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