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Author Topic: Thoughts on what's going on. ( Price related)  (Read 276 times)
kingcolex
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December 22, 2017, 02:16:09 PM
 #1

So as we know we are going through a bit of a dip. Now let's ask why? One we recently saw a lot of money come into bitcoin from outsiders who aren't even standard investors, this means a few things. Not knowing how Bitcoin works, not having strong hands and listening to standard news outlets for information. We all know bitcoin cash crew has taken this as an opportunity to fud and muddy the waters to try and overtake Bitcoin, we have all seen the headlines, bitcoin CEO sells all bitcoins for bitcoin cash and coinbase having insider trading. (By the way why wouldn't the CEO of bitcoin cash already have traded his true bitcoin for bitcoin cash I mean he must believe in his own coin) Norwegian banks warning people making world wide headlines even though they don't understand.

Fud from random people everywhere, it's a side effect of becoming popular.

Just hold and remember for ever coin sold there is a buyer , we are having the lighting network come Q1 2018 and segwit is gaining use.

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December 22, 2017, 02:18:34 PM
 #2

It's profit taking. People got in to make some fast money.. Christmas is an expensive time and people need liquidity.

Jan - people want to become rich again and have grand visions for the year.. price will jump again
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December 22, 2017, 02:24:47 PM
 #3

Sooner or later a large correction has to come, its impossible for Bitcoin price going parabolic all the time, it's just crazy. Today dips are really good for future trades, and it also helps for someone who wants to jump into Bitcoin at the low price.

Just hold and remember for ever coin sold there is a buyer , we are having the lighting network come Q1 2018 and segwit is gaining use.
I doubt this is true, The lightning network has no official ETA. Or you have some reliable sources about this?



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kingcolex
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December 22, 2017, 02:29:36 PM
 #4

Sooner or later a large correction has to come, its impossible for Bitcoin price going parabolic all the time, it's just crazy. Today dips are really good for future trades, and it also helps for someone who wants to jump into Bitcoin at the low price.

Just hold and remember for ever coin sold there is a buyer , we are having the lighting network come Q1 2018 and segwit is gaining use.
I doubt this is true, The lightning network has no official ETA. Or you have some reliable sources about this?
They have it on the testnet and so far it's working great.
http://bitcoinist.com/bitcoin-lightning-network-is-coming-test-a-transaction-now/

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December 22, 2017, 02:46:34 PM
 #5

Oh, come on kingcolex. You’ve been here long enough to know what’s going on. Major bitcoin holders have run the price up to a unrealistic ridiculously high point. Hype and media attention have helped create a buying frenzy driving the price up. The major holders cash out for a fat stack of fiat so they can buy that island in the Pacific they’ve been drooling over. Then then they stop and let it recover again. Rinse and repeat. I’ve watched this happen 20 or more times since I’ve been here. They can’t let it drop too far or they’ll lose too much profit. I doubt it will go much below 50% of its ath (which would make the recovery time too long for the rinse cycle). Everyone just needs to spot the beginning of a whale dump and jump on the bandwagon. Then buy back at the bottom. That’s what day trading is all about. Fools lose and the rich get richer.

https://www.investopedia.com/articles/trading/06/daytradingretail.asp

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December 22, 2017, 02:47:42 PM
 #6

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NOW YOU KNOW. PLEASE SPREAD THE WORD. THANKS
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December 22, 2017, 02:47:57 PM
 #7

Calm ur tits, it will bounce back tomorrow, hodl and watch weak hand people burn
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December 22, 2017, 02:49:56 PM
 #8

So as we know we are going through a bit of a dip. Now let's ask why? One we recently saw a lot of money come into bitcoin from outsiders who aren't even standard investors, this means a few things. Not knowing how Bitcoin works, not having strong hands and listening to standard news outlets for information. We all know bitcoin cash crew has taken this as an opportunity to fud and muddy the waters to try and overtake Bitcoin, we have all seen the headlines, bitcoin CEO sells all bitcoins for bitcoin cash and coinbase having insider trading. (By the way why wouldn't the CEO of bitcoin cash already have traded his true bitcoin for bitcoin cash I mean he must believe in his own coin) Norwegian banks warning people making world wide headlines even though they don't understand.

Fud from random people everywhere, it's a side effect of becoming popular.

Just hold and remember for ever coin sold there is a buyer , we are having the lighting network come Q1 2018 and segwit is gaining use.

The era is just a retracing step for bitcoin and nothing wrong about it I believe. Bitcoin has had an overwhelming run on bullish and it is natural that it "shield off some fats". It will definitely continue its run and is just about holding too as you concluded.

I don't also encourage selling for a long time investor.

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December 22, 2017, 02:53:55 PM
 #9

When people from non technical background start to pour their money than it will just become a playground for whales who know how to manipulate whole market. Addition of bitcoin future allowed those whales to bet against market and use some of their own bitcoin to create fud and dump a little bit, which started a chain reaction of panic selling from all those new investors who don't know how trading works and difference between actual dump/crash and correction.

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December 22, 2017, 02:57:22 PM
 #10

The price has risen so high in such a short timespan it is guaranteed to crash at some point. This growth simply isn't sustainable. You can't increase something in price by 20x in 1 year and expect it to stay that way forever. At some pint we are going to see a very, very big price correction the likes of which has never been seen before in crypto. Thousands of people are going to lose thousands of dollars - or millions. Some people may commit suicide. This happened in 2013/2014 crashes and there is no reason to think it won't happen again. All the signs point to a massive dump coming very soon, and we all should prepare for it to the best of our abilities before hand.
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December 22, 2017, 03:08:34 PM
 #11

Oh, come on kingcolex. You’ve been here long enough to know what’s going on. Major bitcoin holders have run the price up to a unrealistic ridiculously high point. Hype and media attention have helped create a buying frenzy driving the price up. The major holders cash out for a fat stack of fiat so they can buy that island in the Pacific they’ve been drooling over. Then then they stop and let it recover again. Rinse and repeat. I’ve watched this happen 20 or more times since I’ve been here.


This ^^^^^^^^ but it may go below 50% IMO
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December 22, 2017, 03:22:42 PM
 #12

I prefer hold my funds and not panic. It was already this autumn. Bitcoin dropped from 5,000~ to 2,000~ and increased to ~20,000. Just wait Cheesy
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December 22, 2017, 03:41:09 PM
 #13

why are we asking why?!

this may seem like the biggest drop and be one of a kind but in fact this year we at least had 4 big drops exactly like this right after a big rise exactly like rise to current ATH!

constant rise from $5600 to $19666 = +250%
then major drop from $19666 to $11160 = -43%

constant rise from $2970 to $7888 = +165%
then major drop from $7888 to $5555 = -30%

constant rise from $1800 to $4797 = +166%
from $4979 to $2972 = -40%

constant rise from $891 to $2980 = +234% (ignoring 1 drop here)
from $2980 to $1830 = -39%

it really doesn't need a reason. yeah week hands, FUD and all that are always true. and this is how "corrections" work in bitcoin.

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December 22, 2017, 03:48:49 PM
 #14

So as we know we are going through a bit of a dip. Now let's ask why? One we recently saw a lot of money come into bitcoin from outsiders who aren't even standard investors, this means a few things. Not knowing how Bitcoin works, not having strong hands and listening to standard news outlets for information. We all know bitcoin cash crew has taken this as an opportunity to fud and muddy the waters to try and overtake Bitcoin, we have all seen the headlines, bitcoin CEO sells all bitcoins for bitcoin cash and coinbase having insider trading. (By the way why wouldn't the CEO of bitcoin cash already have traded his true bitcoin for bitcoin cash I mean he must believe in his own coin) Norwegian banks warning people making world wide headlines even though they don't understand.

Fud from random people everywhere, it's a side effect of becoming popular.

Just hold and remember for ever coin sold there is a buyer , we are having the lighting network come Q1 2018 and segwit is gaining use.

Thanks for your thought, a high rank's thought is a great writing to read, and it is more trustable. Let's be honest, there are people who panic from FUD stated by "newbie rank" account that always come whenever situation is bad for Bitcoin, and I hope there are more high rank people who share a thought in this topic.
If we guys want to search and learn enough, there are many holes in this scheme, like what you just said :
1. Why does the CEO of bitcoin cash didn't trade his bitcoin to bitcoin cash.
2. Is there any prove if bitcoin.com CEO sold his coins? It doesn't always true when some famous people make a statement, especially when I don't see the prove of it.3.
3. Come on man, they are promoting bitcoin cash and bashing bitcoin with a newbie account? Obviously they are hiding their real account because the real account is used to get Bitcoin from this forum, they don't want their income from their real account disturbed.
This is what i thought. Thanks for your thought sharing man, really appreciate it for a newbie like me. With a great popularity, comes a massive enemies to take down that popularity.
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December 22, 2017, 03:49:33 PM
 #15

Btc is always worth to hold, on the other hand BCC is still new in the market it has a long way to go. Even some people made good profit from BCC in the recent rise. Bitcoin drop is just a market correction. Now is the best time to buy bitcoin again its a good opportunity to make some good money again.

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December 22, 2017, 03:55:30 PM
 #16

I still believe that this is just a correction where those who already gain a lot are a;ready cashing out their earnings and shaking the market, after sometime new comers will buy those cheap coins and bounce back will happen again, its been a roller coaster ride if you are looking for much better
gain, then always remember to buy low and sell high to the point that you think you already have enough.













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December 22, 2017, 04:14:40 PM
 #17

this is just a Christmas gift from the whales to the whole community to help them buy bitcoin at a huge discount of 40% off.
of course not everyone appreciates a great gift like that, so thy will ignore this dip and then regret it later on. and most of the newbies are seeing this as the end of the world because this is their first time seeing price drop of this magnitude going on.

Buying the dip...
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December 22, 2017, 04:15:12 PM
 #18

Seems to have found decent support at $11,500/$12k.
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December 22, 2017, 04:19:01 PM
 #19

The price is slowly recovering right now, and we all know that this was a weird dip.. because it has been caused by the big masses in here.
They just wanted to manipulate the price as much as they could, and see what is happening right now.. It is going up again!

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December 22, 2017, 04:22:13 PM
 #20

I think bitcoin price now is decreasing because some investor is selling their bitcoin now since they need their money because christmas is now coming. I think after this christmas bitcoin price will start to rise again so better add some more bitcoins
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