IT WILL HOLD 11800 !! - it is just NORMAL correction - just use MATH

[muadib83]

Yes but all the people that want to buy get in on strong supports - they dont want to miss going in.

Here is different - its manipulated.

I saw people that wanted to buy all with 2000btc but they didnt... they just put buy wall on 11500, then changed to 11400, 300...

[1715492632]

1715492632

[1715492632]

1715492632

[1715492632]

1715492632

[dothebeats]

On Bitfinex MORE BTC BUY ORDERS than SELL ORDERS

Doesn't mean it will support/hold for long. Once those buy orders have been eaten up, sell orders will once again commence. Honestly, I can't think of any incentive for the price to go down so much, but all I can think of is that there are several holidays in line from our Asian brothers. It could be that or it could be that some traders are still cashing out for something but up to now, the reason for the steep downtrend is quite cryptic. Oh well, we'll see what would happen in the next coming days. $13k barrier has been eaten up by sell orders, so this might be bad, or this could be good.

[btcmerich]

ok, OP was wrong.

How is he wrong? it is holding 11500-12000 range.  Or did you expect  him to guess it exactly on the cent?

[gameofthronne]

There you go, the price of bitcoin is below $11,800 right now. To be honest i'm afraid right now, because i'm holding 0.15 btc right now and I lose like 25% of my balance right now (by the price). Almost all altcoins are in red right now. I hope the price of bitcoin will start go up again soon.

[muadib83]

It is Holding but - when it is just holding - its mostly going down soon;/

I dont see any big buys anywhere. Will see. Can't make any more mistakes

[Dreamchaser21]

BUY WALLS ON BITFINEX - 1000 BTC !!


OMG 500BTC SOLD in 1m - its really dipping...

Its a fake wall and I think the price of cryptocurrency right now is really at the correction. Hold, don’t sell on panic bitcoin can bounce back and go even higher but of course it takes time. A perfect time to buy more coin now because the possibility that cryptocurrency pump again are very high.

[Cacingkemi]

At the moment the correction is taking place that lets small holders have panicked and some sell their treasures which seems indeed a fear,some have been selling big on this day I'm afraid it will happen again but there are already lots of fences in each value.

[CrazeCoinz]

There you go, the price of bitcoin is below $11,800 right now. To be honest i'm afraid right now, because i'm holding 0.15 btc right now and I lose like 25% of my balance right now (by the price). Almost all altcoins are in red right now. I hope the price of bitcoin will start go up again soon.

HODL is the name of this coin. It's now going up @ $12.2k hoping that this will be the starting point to pump up little by little.
Right time to buy.

[STT]

There is also the possibility this is the back end of Futures trading of Bitcoin.   Often people will dump the underlying asset in order to bring a certain price into range and so make a profit on their Futures bet.

People in crypto are not used to this but its normal for gold, silver and oil markets and just about any commodity sees this kind of contract variation to the price happen just as settlement day approaches

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html

Looking at that its the 26th which is last day to trade this contract.  Havent checked the other exchange but its worth keeping track of

[sjefdeklerk]

There must be an error in your math, it's tanking again

[btcone111]

already broken below 11800 thanks for supporting btc at 11800 for 1 minute!

[markj113]

Currently $10501

Just goes to show all the maths, chart readings dont really count for shit.

Bitcoin price predictions are like are arseholes, everyone has got one.

[sjefdeklerk]

I just took 60% of 20.000, added 3000, divided by 3 and then doubled it, guess what, exactly $10.000 is the price to BUY BUY BUY

LOL. This is the dumbest thread on the forum

[batang_bitcoin]

19800 - 40% = 11880 - Thank me later.

I'm amazed with your Mathematical equation and solution showed for the sake of every holders and traders with bitcoin. But we got bad news tonight, the price went down at $10,480 and there are few people that are saying that $8,000 is going to be the new support of bitcoin. But well I'm with "normal" correction and I've seen this before so even it's quite painful I'll take all the pains that the market is giving us today.

[Washball]

Now is the time to buy, many people were waiting for this moment since December last year. So hurry up and buy the whole lot, everyone will and the price will rise. Soon there will be another math, 30K in March.

[sjefdeklerk]

WHOOPS bitcoin now trading $9950 ...

[1Referee]

WHOOPS bitcoin now trading $9950 ...

That's pretty much an interesting development, especially now GDAX has also gone below the $10,000 level. I personally didn't expect it to happen, but just like the increase to $20,000 last year, things happen when people don't expect it. I must however say that I can't complain about these lower levels. I took profits at the right moments, and that's paying off right now. Bitstamp as conservative as it has always been, has thus far still managed to keep hovering just over $10,000, but for how long, that's the question. I probably have to set some well placed buy orders before sleeping, and all below $10,000 just in case it sinks down that far.

[MiLkz]

has it went below 10k anywhere yet?

[sjefdeklerk]

has it went below 10k anywhere yet?

Yes, it went to $9940 on bitfinex

[nominee]

has it went below 10k anywhere yet?

Yes it went down under $10k on several serious exchanges but a reaction came up by making the price above $11k easily. We're checking if it will continue like this. This can be a good buy opportunity for us.