pjmis (OP)
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November 30, 2017, 05:10:12 PM |
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BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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pjmis (OP)
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November 30, 2017, 05:30:01 PM |
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In the blockchain field therere lots of scam projects. Among them its very difficult to choose something really good. So decided to enter the proven Mining Now project http://miningnow.online/, moreover, theres information that the tokens of this project will soon increase a lot cause of the interest of large investors. Is this minable? Anyway, I still think it is a few individuals or many who were rocking the boat by buying large, than dumping. About three days ago I started seeing this across the currencies on my exchange. |
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ammo-reloaded
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Ammo Reloaded - Project Lead
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November 30, 2017, 05:37:49 PM |
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The market is too big for a few individuals to control it. BTC is not a 10 million altcoin which can easy be controlled by whales.
The market has seen a normal correction due to small panic sellers. It is healthy because now weaker hands are shaken out which means there is now more room to grow.
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Bibimboop
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November 30, 2017, 06:00:33 PM |
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The market is too big for a few individuals to control it. BTC is not a 10 million altcoin which can easy be controlled by whales.
The market has seen a normal correction due to small panic sellers. It is healthy because now weaker hands are shaken out which means there is now more room to grow.
Totally agree. What is happening to the market atm is healthy imo. Cheers. I agree with ammo-reloaded and zyno. The correction happening to the market right now is healthy. The overvaluation of cryptocurrency is harmful for the long-term even if it benefits some investors in the short-term. If we want cryptocurrencies to become more mainstream and legitimized then avoiding gigantic bubbles through corrections like this is something we should be content with. |
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chiggz
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November 30, 2017, 07:06:21 PM |
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Assuming that people are trading BTC for Alts, If they're dumping into fiat the supply of bitcoin is increasing rapidly. And most of the altcoins are traded with BTC pairs, so if a lot of people dump their BTC into dollarydoos it's not illogical that altcoin BTC pairs take a dip. I might be wrong in this though.
Also the falling of price is anyones guess, maybe some big whales sold a lot of BTC or maybe the bubble actually starts to pop right now. That part is speculation.
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buxlover
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November 30, 2017, 07:30:47 PM |
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The selling is being done by the people who are panic sellers and nothing much need to be explained on that theory. Whatever you see on the buy hand is called as smart investment. These are the actual people who are making profits because they are putting the investment at right time and into right place. If that’s the case then why wouldn’t those sellers understand this? Well that’s the thing, they can not hear a thing when they are deaf while selling their shits at shits rate. They disturb the market a lot. But I believe the crypto going down at this movement is really temporary and can’t be changed.
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hacker1001101001
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November 30, 2017, 07:36:18 PM |
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BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
BTC is a very big currency and i think no one can control its flow or value. But for now it is very important to trust in it as it can surealy make you a Rich person. People who have invested in it have always got profit and will get even if the price is a bit down it has capacity of recovering its value. And about other alts we cannot trust in them thay can fall any time. |
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longyenthanh
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November 30, 2017, 07:36:57 PM |
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This is a normal reaction on the market. It happens from time to time. Small investors panicked and sold. They thought there was no more room for growth.
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BitcoinGirl.Club
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Farewell LEO: o_e_l_e_o
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November 30, 2017, 07:51:20 PM |
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The market is too big for a few individuals to control it. BTC is not a 10 million altcoin which can easy be controlled by whales.
The market has seen a normal correction due to small panic sellers. It is healthy because now weaker hands are shaken out which means there is now more room to grow.
I agree, a small group of hedge funds wouldn't derail bitcoin in this manner because one needs some real financial muscle to affect this billion dollar market but with the festive season this could have been the doing of many excited/panic sellers cashing in before Christmas or maybe the bubble just burst, but good news for us bitcoin is back on the hunt for $10k. |
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arpon11
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November 30, 2017, 08:16:07 PM |
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There are getting dump because of the comments by the CEO of USA Investment bank that "bitcoin is a vehicles to create fraud" and many newbie's traders that hear that comments or read it on social media are dumping the coins since morning. We should be using to this type of attention seekers and FUD creators which major objective is to drop bitcoin or others coin price in other to buy cheap.
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seizetehday5
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November 30, 2017, 08:48:50 PM |
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This is a normal reaction on the market. It happens from time to time. Small investors panicked and sold. They thought there was no more room for growth.
That coupled with the fact that many new investors probably got greedy and tried to ride the wave higher thinking bitcoin would hit 15k by year up or something. To be honest though this is nothing and I kinda am laughing at how many people are freaking out over a normal correction. When I would start to think things are going bad is around price point 7k but we are not close to that yet so please lets not panic guys  . |
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jaysabi
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★777Coin.com★ Fun BTC Casino!
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November 30, 2017, 08:54:12 PM |
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This is a normal reaction on the market. It happens from time to time. Small investors panicked and sold. They thought there was no more room for growth.
That coupled with the fact that many new investors probably got greedy and tried to ride the wave higher thinking bitcoin would hit 15k by year up or something. To be honest though this is nothing and I kinda am laughing at how many people are freaking out over a normal correction. When I would start to think things are going bad is around price point 7k but we are not close to that yet so please lets not panic guys . I would hardly call anything that drops 20% and then almost immediately recovers a "normal correction." I wouldn't even call that a correction. A correction denotes that the previously unsupportable price has fallen to the "correct" sustainable price level. If it recovers almost all the drop, no correction be said to have taken place, because you're essentially back where you were to start: the unsustainable price level. So if your thesis is that a correction is due, you cannot call a low that lasted less than an hour a correction that has solved the issue. |
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Willitivity
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November 30, 2017, 09:48:34 PM |
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We are currently witnessing a healthy turn around of things. In my own view, this correction will boost Bitcoin and push it further ahead of what we just saw few days ago.
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chickenado
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November 30, 2017, 10:22:02 PM |
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BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
The normal correction of price make people panic,knowing that this really affects in the market,when it hits to $11k on those previous days we were amazed by its rapid increase but somehow when it dumps to $9700 some holders think that it will continue to its dip and afraid that it could not recover.Panic selling is what other investors did,for me theres nothing to blame if they sell because every investors looking forward to profit in the right time and if they invested bitcoin at an early age well they can get alot of profit when it hit to $10k or above on those previous days. |
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ASHLIUSZ
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November 30, 2017, 10:27:20 PM |
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We are currently witnessing a healthy turn around of things. In my own view, this correction will boost Bitcoin and push it further ahead of what we just saw few days ago.
This is the natural form of price increase that happens with bitcoin and following the same has begun to take place with altcoins too. At present very few number of altcoins were growing when noted through coinmarketcap, and this is just a time to remind about the real underlying truth of bitcoin. It's our responsibility to overcome the price fluctuations and get benefited. |
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The_Dark_Knight
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December 01, 2017, 02:28:22 AM |
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BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
You are reading too much into the situation, the price was simply unsustainable and now it is going down because of that, that is the way any healthy market will behave, we do not need weird explanations about whales manipulating the price or hedge funds moving the strings, many people began taking their profits and others began to sell in panic and that reduced the price and now we have reached a support level. |
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elegion
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December 01, 2017, 02:56:50 AM |
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BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
You think Bitcoin is down because you're comparing it to Government currency, you fail to realize that Cryptos operate under their own economy, it has its own financial ecosystem and global financial market. It's rising value is based on market adoption that constitutes its technological use. It's a very easy concept. The more people join the network, transact with Bitcoin, accept Bitcoin as payment for services, store Bitcoin away to Hodle the larger the network grows. There's more fiat currencies in circulation than there are Bitcoins, there are more people than there are Bitcoins. The current price of one Bitcoin in Us dollars is a sign that you should probably exit the fiat currency system soon or at least within the next 2 - 3 years. Bitcoin is not a hedge fund, a bond, or a mutual fund. Those type of paper instruments can be reissued as they only exist within the Keynesian Economic system. Bitcoin is similar to a very rare and scarce stone that has no other choice but to increase in value due to its intrinsically scarce nature and that is what you call Austrian Economics; it's a feature not a bug. |
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jamids
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December 01, 2017, 04:03:12 AM |
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BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
Why make a complicated analysis of it? It is just the people taking profits because they think that it will have a correction sooner because of the rally in the previous days. There is a buyer exhaustion already in which there are no buyers anymore taking the price higher so it is bound to fall and consolidate and some are accumulating again to prepare for a rally again later on. It happen many times before and there is a possibility it will drop more because of some famous personality making an anti-bitcoin statement again to spread fear, uncertainty and doubt to newbies who has the tendency to panic sell more than the people who are already in the community for a long time. |
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Nana_Marini
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December 01, 2017, 04:13:13 AM |
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BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
You are right. If one coin increase the other coin will decrease. It is normal situation guys. We must be patient until good situation |
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Legend1123
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December 01, 2017, 04:19:53 AM |
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