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jseverson
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November 30, 2017, 08:23:06 AM |
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Seems to me like just another day in Bitcoin. Some people live by the rule sell high and buy low, and that's probably what happened. They saw 11k, took the opportunity to sell, then bought in again. We're just a bit below 10k which is quite normal.
Other than that, market correction maybe? It doesn't really matter though, we've already recovered after all.
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meer45
Member
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Activity: 140
Merit: 15
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November 30, 2017, 08:31:46 AM |
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I wouldn't call it a flash crash, it was more like a dump cycle. Hopefully, as more players enter the bitcoin market and the distribution of bitcoin gets healthier, the price will be less susceptible to pump and dump cycles like this.
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PipiPoo
Newbie
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Activity: 35
Merit: 0
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November 30, 2017, 08:34:09 AM |
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Yes, welcome to Crypto  Wouldnt call that irregular as well. In time, BTC will adjust to the new price range around 10k and it will get a bit more stable (a BIT) ^^ |
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Harrisonimo
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November 30, 2017, 08:44:20 AM |
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Just like I do maintain my stand that there are some sets of persons that controls the market movements. It is quite imperative to note that Bitcoin's volatility rate is an exceptional that hasn't taken a cue from any other kind of currency. As much studies are being made to understand its market behaviour, the flash crash caught a lot off guard and really sent a panic across the board for crptotraders. Well, the bitcoin is back up in the game with its upwards trend again. Maybe a regulatory body will step in to control its volatility to some extent.
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ethereumhunter
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November 30, 2017, 08:53:34 AM |
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the flash crash is another correction for the price even if it is just happening in a second but it makes people get panic. we can see again in the future and we need to be prepared and the best thing here is we can buy at a lower price because, after the flash crash, the price is back to increase again. many people want to sell their bitcoin when the price is in high price so they can prepare to buy bitcoin again.
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BillCoin
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November 30, 2017, 09:23:14 AM |
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November 29, 2017: bitcoin falls from around $11,400 to around $8,600 in about four hours. That's a flash crash if I've ever seen one. 24.5% decline, then a sharp movement back up to about $10,000 45 minutes later. The volatility is extreme, even by crypto standards. In the midst of that, I was seeing a bid ask spread over $200 where I am accustomed to it being under $1 much of the time.  Any theories on the cause? I think that it was a smart movement of the sharks to get rid of weak hands. We need to get rid of weak hands before we can move into the area of 12-13 K$. Price fixes are healthy, and it's okay that the price of bitcoin seldom goes down after huge up trend. I think that the trend is still up, as the news sites hype is still alive. |
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radeone
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November 30, 2017, 09:27:09 AM |
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Why would you call this a flash crash. It was a flash for sure but not a crash per se. It was overbought. Another regular day for bitcoin.
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trako
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November 30, 2017, 10:05:58 AM |
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some small investors began to extract from their hands. They are panicking. this is what is already wanted to be done. balinar wants to do this.
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Soots
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November 30, 2017, 11:02:12 AM |
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FLASH is the proper description for it but no panic Bitcoin is back on track.
I think we are going to see this far more regularly. Someone posted in a
different thread that as the price gets higher the volatility will increase......
or something of that nature.
isn't it just the opposite? The larger the marketcap the lower the volatility? because you need more and more money to even influence said coin. But that is only true if you are holding dollars, whales are holding bitcoins so it does not matter if the price of bitcoin is very high in terms of dollars they are still holding bitcoin which means that they still have enormous power to influence the price no matter how big is the market cap, they know this and this is why they refuse to sell and to not buy again since they will lose their power. Wow amazing, for just a short period of time it falls down then back to its stabilized value. Bitcoin's value is really unpredictable and we can't the stop its value which grows rapidly. I would say that for just short period of time, flash cash was due to some traders and investors sold a huge amount of bitcoin and after that some of them grabbing opportunity to buy again beacuse of a small amount of bitcoin. Speculation also gives impact to its downfall for giving wrong informations. If it might be happend again hopefully still back to its stabilized value, giving more chances to bitcoiner's to have profit. |
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h0lybyte
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November 30, 2017, 11:03:15 AM |
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the flash crash is another correction for the price even if it is just happening in a second but it makes people get panic. we can see again in the future and we need to be prepared and the best thing here is we can buy at a lower price because, after the flash crash, the price is back to increase again. many people want to sell their bitcoin when the price is in high price so they can prepare to buy bitcoin again.
Yeah, this is exactly how people want to play with bitcoin for the avarice of higher profits. However if everybody continue holding, bitcoin might have crossed $13000. For now, the price is not recovering, it just lowered to $9000 and going down at bottom in 24 hours i think. But no worries, bitcoin is great in returning to its normal state. We can expect surge again possibly only after a large decrease as whales will not pump until they see the right time |
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escrow4acc
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November 30, 2017, 11:16:04 AM |
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Bitcoin is almost invulnerable to attack by hackers because of decentralization. But economically it can be tried to undermine, due to dumping
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adam1230
Legendary
Offline
Activity: 1218
Merit: 1001
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November 30, 2017, 11:38:50 AM |
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yesterday was the most valotile day for bitcoin. Yes i agree this was a flash crash but its more then a flash crash. Its just giving some signals to investors but who knows whats the signal?
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PipiPoo
Newbie
Offline
Activity: 35
Merit: 0
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December 01, 2017, 05:47:35 AM |
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the flash crash is another correction for the price even if it is just happening in a second but it makes people get panic. we can see again in the future and we need to be prepared and the best thing here is we can buy at a lower price because, after the flash crash, the price is back to increase again. many people want to sell their bitcoin when the price is in high price so they can prepare to buy bitcoin again.
Yeah, this is exactly how people want to play with bitcoin for the avarice of higher profits. However if everybody continue holding, bitcoin might have crossed $13000. For now, the price is not recovering, it just lowered to $9000 and going down at bottom in 24 hours i think. But no worries, bitcoin is great in returning to its normal state. We can expect surge again possibly only after a large decrease as whales will not pump until they see the right time If you look at the past big "crashed" which are the China-crash in september and the recent BCH attack then one thing is amazing: Bitcoin seems to come out of any crash with a subsequent explosion in rise. I call it the "phoenix effect" So please, if BTC wants to crash to 500$ today - please go ahead. The answer will be 30k $ tomorrow. |
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jaocoincrypto18
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December 01, 2017, 06:00:10 AM
Last edit: December 01, 2017, 08:43:52 AM by jaocoincrypto18 |
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It was certainly a rapid downfall but after all of it bitcoin is back about where it was. I think people are just taking profits and taking advantage of uncertainty in the market to swing trade.
I thought that downfall is just an another price corrections attempt in which a conspiracy to dump the bitcoin value once again but now it seems back to normal because maybe there attempt to panic the people again is just another failure. Anyway, if this is a price corrections or not the most important thing in time like this is to keep on holding and hoarding to ensure bitcoin price is always stable. |
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Aryanto28
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December 01, 2017, 06:01:24 AM |
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if we know now bitcoin will be in its place after falling so quickly drastically I think it's not a flash accidents but a chance for buyers to trade. but unfortunately not many people are aware of what should be done at that time so that the opportunity to get to a big profit just pass without us utilize baik.begitu lah if it is in the world of crypto currency everything is nothing is certain.
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lordquanta
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December 01, 2017, 03:50:28 PM |
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When a trader have enough bitcoins with them then bitcoin Market manipulation is a common thing in the market. We all know that there are pumps and dumps created just to have profit when market is not moving that fast. Sometimes a single company like JP recently caused the market crash from 49k to the 33k dollars by using strong words against bitcoin (classic FUD) and when market was crashed to the 33k or less they swoop in and made big splash.
So it is okay to observed this kind of behavior. People with experience will simply keep their calm and either hodl or purchase more.
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webtricks
Legendary
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Activity: 1918
Merit: 1728
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December 01, 2017, 04:29:36 PM |
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That's not the first time Bitcoin crashed that high. Recently on 12th November and 17th July, Bitcoin had similar crash! Basic reason for this is that crypto market is still not mature completely. 90% of the investors entering in market now are aiming for quick profits. That's why with small fall, we will see adjacent big fall due to panic selling and similarly with small rise, we will see adjacent big rise due to possible opportunity.
But still nothing to fear as HODLER because market demand is constantly rising at the moment and price is successfully backed by it.
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WinTokens
Newbie
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Activity: 41
Merit: 0
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December 01, 2017, 04:49:54 PM |
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Thankfully I was asleep during the time! My BTC is safe and sound and enjoying the near $10,000/USD level. Seems that's where things are now... Not much resistance from traders at that level.
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btc-facebook
Legendary
Offline
Activity: 1862
Merit: 1015
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December 01, 2017, 04:55:20 PM |
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Everything in cryptocurrency depend on supply and demand ! That's why bitcoin consider as risky investation and as far as bitcoin exist, it's fit for long term investation rather than short term.
So for who want to invest , you can purchase now and hold as long as possible !
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bribed
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December 01, 2017, 05:12:09 PM |
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Thankfully I was asleep during the time! My BTC is safe and sound and enjoying the near $10,000/USD level. Seems that's where things are now... Not much resistance from traders at that level.
Thing is, that something like this, flashcrashes, dips, corrections, all happen sometimes. You have to control your emotions and learn to keep calm and just sit it out. Its crypto, still a highly volatile market. |
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