Volatility - Somebody is fucking around.

[klarki]

Another possiblity is that an institutionl (whale whatever) trader could be manipulating the market for a profit.

Have a look at the theory that USD Tether and Bitfinex are manipulating the market.  It's not certain, but some decent reasoning about it is outlined here, and it's possible that they would have more power over the market than it appears on the surface.

PLUS another say 50x that on the margin side just on the way up.  Then ANOTHER 50x that on the way down margin trading.

There's a lot of discussion about the possibility of Bitcoin futures trading from major groups.  If it happens, that could certainly open the gates for some pretty crazy manipulation.

Currently, it's also quite hard to get very significant margin on BTC (understandably).

If I was them, that is what I would do.  Push large sums in and out just to determine how fast and how much money is actually flowing in.

Don't you think the existing statistics on volume (like on coinmarketcap) would be enough for them to analyse the market before orchestrating something like that?

At least it explains the current spikes in the market.

[-ck]

I heard that someone on GDAX accidentally sold +100 BTC for 87€ each. Jesus Christ! It's about $1000 for 100 BTC. In another word, the guy is not a millionaire anymore. Can it be a reason?

That sounds fake. Most exchanges will sell at the current lowest price even if you set it much lower.

[Coollikethat]

I think these are very good points being made, but I would also just add this--ultimately, what difference does it make what, precisely, drove the market so high so quickly, and what, precisely, drove it back down?  No one here has any control or influence over these moves.  In a way, it's kind of like speculating about how many angels can fit on the head of a pin.  It might be wise to take a broader outlook, namely, we DO have past performance to look at, we DO know that Bitcoin has always been volatile and most probably will continue to be so in the forseeable future.  It's something we can accept and perhaps even profit from.

The better you can forecast fluctuations, the more profit you can make trading futures. The more you money invest, the more important it is to understand what factors are in play.  I like volatility. That where I make my profits.

[Dan D. Lion]

I think these are very good points being made, but I would also just add this--ultimately, what difference does it make what, precisely, drove the market so high so quickly, and what, precisely, drove it back down?  No one here has any control or influence over these moves.  In a way, it's kind of like speculating about how many angels can fit on the head of a pin.  It might be wise to take a broader outlook, namely, we DO have past performance to look at, we DO know that Bitcoin has always been volatile and most probably will continue to be so in the forseeable future.  It's something we can accept and perhaps even profit from.

The better you can forecast fluctuations, the more profit you can make trading futures. The more you money invest, the more important it is to understand what factors are in play.  I like volatility. That where I make my profits.

But you can't forecast fluctuations.  You can forecast the reality of volatility, and profit from it, but regardless of whether there are a few whales making big moves or some kind of manipulation by entities or something else, you will only see the after effects of those moves. 

[Coollikethat]

I think these are very good points being made, but I would also just add this--ultimately, what difference does it make what, precisely, drove the market so high so quickly, and what, precisely, drove it back down?  No one here has any control or influence over these moves.  In a way, it's kind of like speculating about how many angels can fit on the head of a pin.  It might be wise to take a broader outlook, namely, we DO have past performance to look at, we DO know that Bitcoin has always been volatile and most probably will continue to be so in the forseeable future.  It's something we can accept and perhaps even profit from.

The better you can forecast fluctuations, the more profit you can make trading futures. The more you money invest, the more important it is to understand what factors are in play.  I like volatility. That where I make my profits.

But you can't forecast fluctuations.  You can forecast the reality of volatility, and profit from it, but regardless of whether there are a few whales making big moves or some kind of manipulation by entities or something else, you will only see the after effects of those moves.  

yes you can . google "technical analysis".

edit: https://www.investopedia.com/terms/t/technicalanalysis.asp

[Dan D. Lion]

I think these are very good points being made, but I would also just add this--ultimately, what difference does it make what, precisely, drove the market so high so quickly, and what, precisely, drove it back down?  No one here has any control or influence over these moves.  In a way, it's kind of like speculating about how many angels can fit on the head of a pin.  It might be wise to take a broader outlook, namely, we DO have past performance to look at, we DO know that Bitcoin has always been volatile and most probably will continue to be so in the forseeable future.  It's something we can accept and perhaps even profit from.

The better you can forecast fluctuations, the more profit you can make trading futures. The more you money invest, the more important it is to understand what factors are in play.  I like volatility. That where I make my profits.

But you can't forecast fluctuations.  You can forecast the reality of volatility, and profit from it, but regardless of whether there are a few whales making big moves or some kind of manipulation by entities or something else, you will only see the after effects of those moves. 

yes you can . google "technical analysis".

That's nonsense and you know it.  Technical analysis is a backwards-looking tool trying to understand the psychology of market moves.  If I see a shoulder and a head, there might be another shoulder, there might not.  It's iffy in standard stock analysis and positively problematic when trying to make Bitcoin price guesses (and that's all they are) based on techanal.

[Coollikethat]

I think these are very good points being made, but I would also just add this--ultimately, what difference does it make what, precisely, drove the market so high so quickly, and what, precisely, drove it back down?  No one here has any control or influence over these moves.  In a way, it's kind of like speculating about how many angels can fit on the head of a pin.  It might be wise to take a broader outlook, namely, we DO have past performance to look at, we DO know that Bitcoin has always been volatile and most probably will continue to be so in the forseeable future.  It's something we can accept and perhaps even profit from.

The better you can forecast fluctuations, the more profit you can make trading futures. The more you money invest, the more important it is to understand what factors are in play.  I like volatility. That where I make my profits.

But you can't forecast fluctuations.  You can forecast the reality of volatility, and profit from it, but regardless of whether there are a few whales making big moves or some kind of manipulation by entities or something else, you will only see the after effects of those moves. 

yes you can . google "technical analysis".

That's nonsense and you know it.  Technical analysis is a backwards-looking tool trying to understand the psychology of market moves.  If I see a shoulder and a head, there might be another shoulder, there might not.  It's iffy in standard stock analysis and positively problematic when trying to make Bitcoin price guesses (and that's all they are) based on techanal.

oh ok *rolls eyes*

thank you for clarifying that for me.

we all know how you dont make a living now. have a nice day with you .023 btc holdings

[JureViewly]

Problem is that the other Altcoins are dropping, too.

I wouldn't worry about it, this is normal volatility and it happens again and again so we will have to get used to it and learn.

[Dan D. Lion]

I think these are very good points being made, but I would also just add this--ultimately, what difference does it make what, precisely, drove the market so high so quickly, and what, precisely, drove it back down?  No one here has any control or influence over these moves.  In a way, it's kind of like speculating about how many angels can fit on the head of a pin.  It might be wise to take a broader outlook, namely, we DO have past performance to look at, we DO know that Bitcoin has always been volatile and most probably will continue to be so in the forseeable future.  It's something we can accept and perhaps even profit from.

The better you can forecast fluctuations, the more profit you can make trading futures. The more you money invest, the more important it is to understand what factors are in play.  I like volatility. That where I make my profits.

But you can't forecast fluctuations.  You can forecast the reality of volatility, and profit from it, but regardless of whether there are a few whales making big moves or some kind of manipulation by entities or something else, you will only see the after effects of those moves.  

yes you can . google "technical analysis".

That's nonsense and you know it.  Technical analysis is a backwards-looking tool trying to understand the psychology of market moves.  If I see a shoulder and a head, there might be another shoulder, there might not.  It's iffy in standard stock analysis and positively problematic when trying to make Bitcoin price guesses (and that's all they are) based on techanal.

oh ok *rolls eyes*

thank you for clarifying that for me.

we all know how you dont make a living now. have a nice day with you .023 btc holdings

There's no need to be nasty.  If your techanal works so well, I assume you must own about 100,000 Bitcoin since you were able to so perfectly time your entries and exits.  No, the fact is you are as helpless to market forces as anyone else, and can only react after the fact.

[LeGaulois]

I heard that someone on GDAX accidentally sold +100 BTC for 87€ each. Jesus Christ! It's about $1000 for 100 BTC. In another word, the guy is not a millionaire anymore. Can it be a reason?

That sounds fake. Most exchanges will sell at the current lowest price even if you set it much lower.

Yeah maybe, but there are exchanges that let you sell at whatever rate you want. Similar happened this summer in June with GDAX and the ETH/USD pair, with a sale of millions $ of ETH with a difference of ~30%. Then over 800 stop loss orders were here. ETH value failed up to s0.10 for some seconds.

[xsaints128]

Today the price of btc, eth and many other alts just dropped like hell. Btc fell from 11000 to 9000, ETH fell from 500 to 420. Who the fuck just fucked up the market??

[dansmith_99]

It is only right that the price experience some sort of correction with the insane bull run that has been happening recently. No one seem to ask questions when the price spikes up but when it dips down suddenly is the government. Weak hands will make experienced buyers richer.

[John Langut]

It is only right that the price experience some sort of correction with the insane bull run that has been happening recently. No one seem to ask questions when the price spikes up but when it dips down suddenly is the government. Weak hands will make experienced buyers richer.

Except this doesn't look like a normal correction. It looks like a flash crash. Could be highly leveraged positions.

[molecularman]

I heard that someone on GDAX accidentally sold +100 BTC for 87€ each. Jesus Christ! It's about $1000 for 100 BTC. In another word, the guy is not a millionaire anymore. Can it be a reason?
This say, we have seen Bitcoin losing about 30% in less than 24h before, so now losing 10% is peanut, especially when it will be back tomorrow

That would be crazy.   I couldn't imagine doing something like that.   I'd be so distraught I don't know what I would do.   I feel anxious enough with I'm moving like 50 bucks from an exchange to a wallet, lol.

[jjacob]

Problem is that the other Altcoins are dropping, too.

That is not a problem. That is to be expected. The correlation between different cryptocurrencies (except maybe Bitcoin Cash) is very very high. When Bitcoin sneezes, the rest of the cryptoworld catches a fever.

[Coollikethat]

I think these are very good points being made, but I would also just add this--ultimately, what difference does it make what, precisely, drove the market so high so quickly, and what, precisely, drove it back down?  No one here has any control or influence over these moves.  In a way, it's kind of like speculating about how many angels can fit on the head of a pin.  It might be wise to take a broader outlook, namely, we DO have past performance to look at, we DO know that Bitcoin has always been volatile and most probably will continue to be so in the forseeable future.  It's something we can accept and perhaps even profit from.

The better you can forecast fluctuations, the more profit you can make trading futures. The more you money invest, the more important it is to understand what factors are in play.  I like volatility. That where I make my profits.

But you can't forecast fluctuations.  You can forecast the reality of volatility, and profit from it, but regardless of whether there are a few whales making big moves or some kind of manipulation by entities or something else, you will only see the after effects of those moves.  

yes you can . google "technical analysis".

That's nonsense and you know it.  Technical analysis is a backwards-looking tool trying to understand the psychology of market moves.  If I see a shoulder and a head, there might be another shoulder, there might not.  It's iffy in standard stock analysis and positively problematic when trying to make Bitcoin price guesses (and that's all they are) based on techanal.

oh ok *rolls eyes*

thank you for clarifying that for me.

we all know how you dont make a living now. have a nice day with you .023 btc holdings

There's no need to be nasty.  If your techanal works so well, I assume you must own about 100,000 Bitcoin since you were able to so perfectly time your entries and exits.  No, the fact is you are as helpless to market forces as anyone else, and can only react after the fact.

Well actually I dont have 100,000 btc but I do use tools such as TECHNICAL ANALYSIS and make an above average living trading.   There is a whole world out there you dont know about. How do you thing hedge fund and mutual funds managers make money? Go to sites like motleyfool.com + investopedia.com and educate yourself. You will be surprised what you can do with a little knowledge and a few hundred dollars in BTC and a lot of balls.  The first week I heard about bitcoin in 2013, I traded $200 on a margin site and turned it into $1200. I have not looked back since and that is now how I make my living.

[Ermbc]

well i stuck 12k$ btc when i just make transfer money but i cant you guys do you suggest me what to do

[Dan D. Lion]

I think these are very good points being made, but I would also just add this--ultimately, what difference does it make what, precisely, drove the market so high so quickly, and what, precisely, drove it back down?  No one here has any control or influence over these moves.  In a way, it's kind of like speculating about how many angels can fit on the head of a pin.  It might be wise to take a broader outlook, namely, we DO have past performance to look at, we DO know that Bitcoin has always been volatile and most probably will continue to be so in the forseeable future.  It's something we can accept and perhaps even profit from.

The better you can forecast fluctuations, the more profit you can make trading futures. The more you money invest, the more important it is to understand what factors are in play.  I like volatility. That where I make my profits.

But you can't forecast fluctuations.  You can forecast the reality of volatility, and profit from it, but regardless of whether there are a few whales making big moves or some kind of manipulation by entities or something else, you will only see the after effects of those moves.  

yes you can . google "technical analysis".

That's nonsense and you know it.  Technical analysis is a backwards-looking tool trying to understand the psychology of market moves.  If I see a shoulder and a head, there might be another shoulder, there might not.  It's iffy in standard stock analysis and positively problematic when trying to make Bitcoin price guesses (and that's all they are) based on techanal.

oh ok *rolls eyes*

thank you for clarifying that for me.

we all know how you dont make a living now. have a nice day with you .023 btc holdings

There's no need to be nasty.  If your techanal works so well, I assume you must own about 100,000 Bitcoin since you were able to so perfectly time your entries and exits.  No, the fact is you are as helpless to market forces as anyone else, and can only react after the fact.

Well actually I dont have 100,000 btc but I do use tools such as TECHNICAL ANALYSIS and make an above average living trading.   There is a whole world out there you dont know about. How do you thing hedge fund and mutual funds managers make money? Go to sites like motleyfool.com + investopedia.com and educate yourself. You will be surprised what you can do with a little knowledge and a few hundred dollars in BTC and a lot of balls.  The first week I heard about bitcoin in 2013, I traded $200 on a margin site and turned it into $1200. I have not looked back since and that is now how I make my living.

Because they have access to information BEFORE the general public does.  Techanal (not rocket science, btw), fundamental analysis, access to the market movers, it's simply having and being able to act faster on information than the rank and file.   And your patronizing comments are simply not necessary.  Congratulations on your financial acumen...

[Baimovic]

I think the volatility in financial markets is normal. and it happens in every international market. I do not know exactly how much capital is needed, in the digital world the government does not intervene to regulate. and that's not fair.

[Raegorl]

Bitcoin down less than one percent in the last 24hours, you also have to take that into consideration. The price swings have been huge, but there are a boatload of new investors placing their first buys and they're not yet used to the massive swings this market has (which might end up leading to FOMOing when it pumps or panic selling when it dumps even a little bit).