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Aamir1
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December 01, 2017, 05:23:16 PM |
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The drop was certainly big enough to catch everyone's attention, and the reason behind that can never be known as there are a lot of things that can cause such a thing. Like panic sell, FUDs, negative talks and many more. Now any of these things can cause a price drop if it occurs anytime in the community. But to be honest, they all happened in the past as well, but this time the drop was really big. It frightened the hell out of me when i saw a post about it in twitter  It is really hard to see the price going down in such a short time. |
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dogandogru
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December 01, 2017, 10:31:34 PM |
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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? No rocket science, Amateur investors who are here just to earn quick profits exited the market taking their profit. Still i feel the crash is not that much, I believed that BTC could touch $7500. But it is amazing to see the quick recovery of BTC within 4 hour, I personally never expected that. I felt that situation of panic selling occur and now it will take time to get BTC stable and recover back. But this quick recovery not only in BTC but also in other alts shows the investors developed a rigid confidence and faith on crypto market. |
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chichigirl
Sr. Member
 Offline
Activity: 588
Merit: 251
HELENA
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December 01, 2017, 10:35:23 PM |
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Because we are very close to the top.. Accept this fate bitcoin will crash very hard but no one knows what rate is that. After the big crash. Our journey to 6digit btc rate will follow. 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? |
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tabas
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December 03, 2017, 05:18:19 PM |
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No theory at all, whales are just taking their money now. After a quick dumped, look at the charts again now as the price of bitcoin is now starting to be fueled and pumping again. And as you will notice, majority of the crypto's are on down so these whales are seriously simply taking their profits.
Indeed, and some people are just selling on panic. But still I believe that this is just the correction and bitcoin starting to pump now. Just Hold because this is not the end, this is just a start of a bright future. Well as an update bitcoin's price now is rotating around $11,000 - $11,700 and this is something great. As I said it is fueled now and going to pump again and that is what's happening now. People who are talking about crash must be prepared all the time for their weak hearts but for long time traders, it's a good time to buy. |
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AVAMONEY
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December 03, 2017, 06:11:39 PM |
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Currently, bitcoins price recovery is very fast. Within a few days the price returned to before declining. The bitcoins community has been strong enough to support Bitcoins forging ahead. So the crash will not happen as long as the community is still strong to pump Bitcoins back recovery.
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angaper
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December 03, 2017, 07:22:53 PM
Last edit: December 03, 2017, 08:10:56 PM by angaper |
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Seeing the impressive rise in the price of bitcoin, anyone would have expected this great correction a little earlier, when breaking the $10,000 mark. Since then the bitcoin was oversold, so once the price continued to rise the pressure increased so much that a violent correction was to be expected. The fall under the $9,000 line was expected when the price reached $10,000, but as the correction was delayed, it had to occur in such a violent way.
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BartS
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December 03, 2017, 10:30:46 PM |
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A group may have decided to withdraw for now. But it is okay.
Now we knew bitcoin could go that way and could also reach heights like that.
We have hope now that another day will come and it will hit back to that price.
That is still good news. This fight aint over. Still hodl.
The price crashed very fast and then pumped very fast as well, to me this is a sign that someone dumped a lot of coins and that it is very likely that person or persons bought again at the discounted prices, that is the only way to explain the chart since it is unlikely that the recovery would be so fast without another individual of similar power waiting for that to happen, so it was a maneuver that was planned in order to extract profits from the market. |
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voztata
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December 04, 2017, 09:08:02 AM |
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The drop was certainly big enough to catch everyone's attention, and the reason behind that can never be known as there are a lot of things that can cause such a thing. Like panic sell, FUDs, negative talks and many more. Now any of these things can cause a price drop if it occurs anytime in the community. But to be honest, they all happened in the past as well, but this time the drop was really big. It frightened the hell out of me when i saw a post about it in twitter It is really hard to see the price going down in such a short time. Not really everyone, that will be depending on what rate your Bitcoin was purchased. Falling back to $8k+ or 9 is not much a problem, every reduction is like an opportunity for people to buy-in quickly, and I believe there are people who did that during the flash fall. As of recently, price is back up to $10,533, and might be back to $11000 by tomorrow. |
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PipiPoo
Newbie
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Activity: 35
Merit: 0
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December 05, 2017, 04:13:23 AM |
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BTC stabilized quite nicely to where it is now I think.
Sideway trading for a few days now.
Whats next?
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jaysabi (OP)
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
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December 13, 2017, 05:13:19 PM |
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The drop was certainly big enough to catch everyone's attention, and the reason behind that can never be known as there are a lot of things that can cause such a thing. Like panic sell, FUDs, negative talks and many more. Now any of these things can cause a price drop if it occurs anytime in the community. But to be honest, they all happened in the past as well, but this time the drop was really big. It frightened the hell out of me when i saw a post about it in twitter It is really hard to see the price going down in such a short time. Not really everyone, that will be depending on what rate your Bitcoin was purchased. Falling back to $8k+ or 9 is not much a problem, every reduction is like an opportunity for people to buy-in quickly, and I believe there are people who did that during the flash fall. As of recently, price is back up to $10,533, and might be back to $11000 by tomorrow. It certainly recovered and then some. However the manner in which this entire market is operating does not give me any confidence that this price level is sustainable for the long term, or even more worryingly, not a massive bubble that's going to crash on us. Unlike a flash crash in which things drop fast and recover quickly, a bubble bursting is a fast crash without the recovery. That's the definition of a bubble, and how you define it: an unsupportable price level that finally gives way and doesn't have the support to recover because it was irrational at that previous level. |
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