Volatility - Somebody is fucking around.

[Coollikethat]

2 flash crashes last night about 800 points each and then a 1000 pt today?  Do you know how much capital it would take to do that? Is the government  testing the market to determine things like the effect of cash inflow/outflow? To provoke chaos in general to scare people away?  To setup a master plan for long term damage to the market?


I thought last night was crazy. but today??

[Iranus]

All changes in price show the volatility in a market, not just the negative ones.

I would argue that the price rising by around 20% in two days is extreme volatility, and the price experiencing slight corrections or moving around barely change how crazily volatile that is at all.

Your conspiracy theories are completely unwarranted, which makes me think you're entirely irrational.  If so, you'll be one of the first investors to leave in the next bear market.

[Coollikethat]

it seem somebody took huge positions which drove the price up then pulled out what seems to be the entire amount out which brought it down faster than it went up. . At any rate, i love bear markets because I buy in near the bottom and make a killing margin trading.

That said, this mornings was the largest flash crash to date. It was definitely not individual traders making the market move like that.

Im am not irrational. I am full time trader and thus highly analytical.

[Coollikethat]

The powers that be have a tremendous amount on the line so the theory is not far fetched. . 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.

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

They would stand to make a killing on the pump PLUS more way more profit on the margin side in the process.

Say it took $100m (guessing on the amount) to pump the market 10%. They would make money on the pump on a regular trade 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 is always an underlying explanation for volatility.


.......

[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?
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

[CryptosapienZA]

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

Goddamn thats a freaken expensive mistake.. I hope thats not true. I cant stand billionnaires but i still dont like when bad things happen to them.

[HabBear]

2 flash crashes last night about 800 points each and then a 1000 pt today?  Do you know how much capital it would take to do that? Is the government  testing the market to determine things like the effect of cash inflow/outflow? To provoke chaos in general to scare people away?  To setup a master plan for long term damage to the market?


I thought last night was crazy. but today??

These moves represent less than 10% of market value, they're typical for Bitcoin. In theory it's the same quantity of voins being bought/sold, you just have a greater base huying and holding, which is driving market value up overall.

The volume moving is no different than what creates a $400 swing off a $5000 base.

I don't think any unusual activity is going on.

[CircularLoGic]

2 flash crashes last night about 800 points each and then a 1000 pt today?  Do you know how much capital it would take to do that? Is the government  testing the market to determine things like the effect of cash inflow/outflow? To provoke chaos in general to scare people away?  To setup a master plan for long term damage to the market?


I thought last night was crazy. but today??

Is not necessary the goverment who's behind of the market, the may be groups of bag holders and or simply exchangers owners, Bittrex is having liquity issues and seems like a lot of people is having issues to withdrawn theyr funds. Is like all BTC there are stuck and don't move out of the exchanger and that' may be the reason why the price went up that high. Anyway, from your side very nice speculation I just more into there are millionares playing with the price more then goverments.

[Coollikethat]

im looking for a drop to between 7500 and 8200  + or - within a week then the fun begins again

[JTPhotography]

I’ve been watching all day and bought when it just hit that downward spike.

[Coollikethat]

im looking for a drop to between 7500 and 8200  + or - within a week then the fun begins again

....ok maybe in a couple of day. I love this

[cindygirl]

2 flash crashes last night about 800 points each and then a 1000 pt today?  Do you know how much capital it would take to do that? Is the government  testing the market to determine things like the effect of cash inflow/outflow? To provoke chaos in general to scare people away?  To setup a master plan for long term damage to the market?


I thought last night was crazy. but today??

I think there's just a lot of uncertainty at the moment about where the price actually belongs as well as a large group of people holding but now looking to profit by selling close to the top. There was just a huge swing in the last hour or so with over $30m traded on bittrex alone usdt/btc, that's more than in the last 10 or so hours combined. Great times for swing traders.

[Palmerson]

Bitcoin always trying new high and then rolled back. It seems to me that therefore whales check the solvency of users. Now bitcoin some time will stay at the level 9000-10000 dollars. Then it will jump to $ 12,000. Reserves there. The psychological barrier is passed. The most important thing. Now $ 12,000 this year does not seem unattainable.

[Iranus]

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?

[Coollikethat]

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 s/amp.reddit.com/r/Buttcoin/comments/7g05rk/bitfinex_admits_tether_has_no_usd_backing_there/]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?

That post on tether is interesting! It sounds like we are at the mercy of the guys that are behind it. Hope they are honest.


Bitcoin futures can already be traded on at least a dozen site. Bitmex.com probably the best and largest $3,000,000,000 traded in the last 24 hours making it the larget btc exchange in existence.  $1m btc with 50x margin = $50m to trade . If the market moves 10% that would be a $5m profit. So the above example means theoretically somebody with enough cash to move the market up 10% and then back down 10% can make a huge profit $5m x two. And you can trade up to 100x  leverage on Bitmex.


I think if you push enough volume in and out, you can determine how many $$$ moves the market what % . Armed with that info you could lots of things depending on who you are and what you want to do.

[FrobTeam]

Whale groups or a major whale group is having its fun now. This is what is going on or a price correction most likely.

[killat]

Problem is that the other Altcoins are dropping, too.

[ChrisPop]

2 flash crashes last night about 800 points each and then a 1000 pt today?  Do you know how much capital it would take to do that? Is the government  testing the market to determine things like the effect of cash inflow/outflow? To provoke chaos in general to scare people away?  To setup a master plan for long term damage to the market?


I thought last night was crazy. but today??

You need to get used to this kind of price fluctuations. When the price will be $50,000 it will be a common thing to have thousands of dollars in daily price variations. $1000 is like 10% volatility at current price so that's not very much from my point of view. Anyway bitcoin is still in need of a retrace so I believe it will climb down to about $7000-$7500 before rallying up again.

[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.

[SchlaWinner]

"somebody"

people buy btc

people sell btc

price rises too fast - people buy loads

after that people sell loads - price drops


its no witchcraft