Bitcoin Forum
March 28, 2024, 06:22:55 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 »  All
  Print  
Author Topic: BTC falling like a rock  (Read 709 times)
killat (OP)
Member
**
Offline Offline

Activity: 742
Merit: 21

Be the reason someone smiles today


View Profile WWW
May 11, 2018, 07:52:36 AM
 #1

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦
Be kind whenever possible. It is always possible
✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦✦
1711650175
Hero Member
*
Offline Offline

Posts: 1711650175

View Profile Personal Message (Offline)

Ignore
1711650175
Reply with quote  #2

1711650175
Report to moderator
1711650175
Hero Member
*
Offline Offline

Posts: 1711650175

View Profile Personal Message (Offline)

Ignore
1711650175
Reply with quote  #2

1711650175
Report to moderator
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711650175
Hero Member
*
Offline Offline

Posts: 1711650175

View Profile Personal Message (Offline)

Ignore
1711650175
Reply with quote  #2

1711650175
Report to moderator
1711650175
Hero Member
*
Offline Offline

Posts: 1711650175

View Profile Personal Message (Offline)

Ignore
1711650175
Reply with quote  #2

1711650175
Report to moderator
1711650175
Hero Member
*
Offline Offline

Posts: 1711650175

View Profile Personal Message (Offline)

Ignore
1711650175
Reply with quote  #2

1711650175
Report to moderator
First77
Member
**
Offline Offline

Activity: 266
Merit: 32


View Profile
May 11, 2018, 07:55:18 AM
 #2

There is no support/buyers for Bitcoin at $10,000. it is the "panic price" for traders cartel/gamblers since buyers at $6,000 will sell Bitcoin.   Grin
Harlequill32
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
May 11, 2018, 07:59:46 AM
 #3

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

Nobody knows what is the real reason of this DIP, one thing is fore sure. This ups and downs are normal and is expected because of its volatility.
tokeweed
Legendary
*
Offline Offline

Activity: 3906
Merit: 1403


Life, Love and Laughter...


View Profile
May 11, 2018, 08:18:24 AM
 #4

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

No news...  I have been scouring the internet for the past hour for a bit of news.  But there's nothing.  Maybe the bears were right.  This could be another long side ways market just like 2014 - 2016.

I wonder what the mood is gonna be at Consensus next week.  Lol.

███████████████████████████████
███████████████████████████████
███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███████████
█████████████▀▀        ▀▀██████
██████▀▀▀▀▀▀              ▀████
██████████▀     ▄▄██▄▄     ▀███
██████████      ██████      ███
██████████▄     ▀▀██▀▀     ▄███
██████▄▄▄▄▄▄              ▄████
█████████████▄▄        ▄▄██████
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄███████████
███████████████████████████████
███████████████████████████████
.
|
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
SSC NAPOLI
OFFICIAL EUROPEAN
BETTING PARTNER
|.ROLLBOTS.|
▄▄███████▄▄
▄███████████████▄
▄███████████████████▄
▄██▀▀▀▀▀▀▀▀▀▀▀▀▀▀█████▄
▄█████████▀████████▀████▄
██████▄▄▄█████▄▄█████████
█████████████████████████
██████▀▀▀█████▀▀█████████
▀█████████▄████████▄████▀
▀██▄▄▄▄▄▄▄▄▄▄▄▄▄▄█████▀
▀███████████████████▀
▀███████████████▀
▀▀███████▀▀
ROLLBIT COIN
TRADE RLB NOW!
|...PLAY NOW...
jadenunderhill
Full Member
***
Offline Offline

Activity: 293
Merit: 109


View Profile
May 11, 2018, 08:51:20 AM
 #5

6K-3K
HatakeKakashi
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 513


View Profile
May 11, 2018, 09:01:12 AM
 #6

$8791 is the price of the bitcoin now from $9,000 plus yesterday to that price at this moment. But don't worry because maybe after few days again we will see again 10k dollars . This is part of the process of the bitcoin when the price decreased it will increase. We need only is to wait or be patient don't panic selling so you can reach your target price.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
blockman
Hero Member
*****
Offline Offline

Activity: 2870
Merit: 626


Vave.com - Crypto Casino


View Profile
May 11, 2018, 09:01:48 AM
Last edit: May 11, 2018, 09:36:05 AM by blockman
 #7

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?
These statements has been published four days ago but I guess the impact was been injected today.

Bill Gates thinks investing in Bitcoin is crazy, Warren Buffett calls it rat poison
Warren Buffett says bitcoin is 'rat poison'

6K-3K
Too low why you come up with that prediction?  Undecided

timerland
Hero Member
*****
Offline Offline

Activity: 1526
Merit: 596


View Profile
May 11, 2018, 09:09:54 AM
 #8

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

It's just a normal correction.

I couldn't find anything major in the news as a reason that would have affected bitcoin prices on a large scale, or at least as large of a scale as we have seen. Prices have simply corrected as a result of $10k being too strong for the upward momentum to break through.

Prices could move sideways from this point on for some time, but that in itself only gives investors more opportunity to buy in at lower levels in my opinion. Nothing to panic about, there isn't even that big of a dump.

Smiley
Lucius
Legendary
*
Offline Offline

Activity: 3192
Merit: 5543


Fortis Fortuna Adiuvat⚔️


View Profile WWW
May 11, 2018, 09:36:35 AM
 #9


These statements has been published four days ago but I guess the impact was been injected today.

Bill Gates thinks investing in Bitcoin is crazy, Warren Buffett calls it rat poison
Warren Buffett says bitcoin is 'rat poison'


So you think such meaningless news from Warren Buffet who is spread FUD against BTC for years can have any impact on the price?Well, that's really funny, I suppose if Trump say that BTC is a SCAM we are going to 100$...

I think this is normal development of events, since price is stay too long just above 9000$ level and it is failed to break 10 000$ this was expected.Also there is some reports that MtGox is moving some BTC yesterday, maybe he dump it again.But I bet "East" is again guilty for this price drop -more precisely South Korea : http://news.cryptoofkorea.com/2018/05/11/upbit-suspected-of-fraud/

..JAMBLER.io..Create Your Bitcoin Mixing
Business Now for   F R E E 
▄█████████████████████████████
█████████████████████████
████▀████████████████████
███▀█████▄█▀███▀▀▀██████
██▀█████▄█▄██████████████
██▄▄████▀▄▄▄▀▀▀▀▀▄▄██████
█████▄▄▄██████████▀▄████
█████▀▄█▄██████▀█▄█████
███████▀▄█▀█▄██▀█▄███████
█████████▄█▀▄█▀▄█████████
█████████████████████████
█████████████████████████
▀█████████████████████████████
█████████████████████████████████████████████████
.
      OUR      
PARTNERS

.
█████████████████████████████████████████████████
████▄
██
██
██
██
██
██
██
██
██
██
██
████▀
▄█████████████████████████████
████████▀▀█████▀▀████████
█████▀█████████████▀█████
████████████████████████
███████████████▄█████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████▀█████████
████████████████████████
█████▄█████████████▄█████
████████▄▄█████▄▄████████
▀█████████████████████████████
█████████████████████████████████████████████████
.
   INVEST   
BITCOIN

.
█████████████████████████████████████████████████
████▄
██
██
██
██
██
██
██
██
██
██
██
████▀
jadenunderhill
Full Member
***
Offline Offline

Activity: 293
Merit: 109


View Profile
May 11, 2018, 09:50:57 AM
 #10

It is only a correction. We go to to 2.500 and stay there for a while (2018-2020).
ophyrim
Sr. Member
****
Offline Offline

Activity: 994
Merit: 391


View Profile
May 11, 2018, 10:01:58 AM
 #11

MtGox is cashing guys. I have seen some news about this information. But of course could be also a speculation.
the resistance point is near 8700. I hope we are going to see a bounce at this point.
hazukison
Member
**
Offline Offline

Activity: 100
Merit: 10

Donate --> 15B6eKDUmjbV21Ujwj32HCX7qctCeSuzyi


View Profile
May 11, 2018, 10:10:25 AM
 #12

MtGox is cashing guys. I have seen some news about this information. But of course could be also a speculation.
the resistance point is near 8700. I hope we are going to see a bounce at this point.
Don't be silly, haven't you seen the news about Upbit? Possible fraud.

Mature student aging rapidly
15B6eKDUmjbV21Ujwj32HCX7qctCeSuzyi
Denker
Legendary
*
Offline Offline

Activity: 1442
Merit: 1014


View Profile
May 11, 2018, 10:49:21 AM
 #13

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

Kobayashi, Mt.Gox lead attorney has moved another 5k+ coins over the last 3-4 days it looks like. That could be a reason.
Another reason could be the search and seizure of the Upbit exchange in South Korea.
Furthermore there was not enough buy support to hold the 9k range. Sad but that's what probably made the price go down.
magneto
Hero Member
*****
Offline Offline

Activity: 1666
Merit: 753


View Profile
May 11, 2018, 10:49:51 AM
 #14

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

The prices didn't even fall to that low of a level.

I've been expecting this fall to happen for ages, because there just seemed to be no momentum to push us up above the $10k zone, where resistance was the strongest and there is also the psychological barrier present. When you actually zoom in in the past few weeks, you see growth of almost 50% within a few weeks, which can indicate an overheated market.

And whenever markets rise up like this in a short period of time, corrections happen. And that's exactly what's happening right now.

Gates and Buffett's comments on bitcoin could have been a catalyst as well, but I don't really see their opinions alone be enough to push prices down this much. Again, this is completely normal. Just because BTC has naturally corrected 5-10% within a day, doesn't mean that it's "dead" or anything, which I'm sure some bears will be quick to point out soon (wrongfully).
cioloxl
Full Member
***
Offline Offline

Activity: 238
Merit: 105



View Profile
May 11, 2018, 10:57:05 AM
 #15

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

Nobody knows what is the real reason of this DIP, one thing is fore sure. This ups and downs are normal and is expected because of its volatility.

This might be the cause of it: https://thenextweb.com/hardfork/2018/05/11/south-koreas-largest-cryptocurrency-exchange-under-investigation-for-fraud/
The market is usually quite sensitive to bad news for exchanges (understandably so, given the past). Currently sitting in 4th place in terms of 24h volume, Upbit suddenly ceasing operations could potentially bring about the return of a bear market.
tomahawk9
Hero Member
*****
Offline Offline

Activity: 2086
Merit: 994


Cats on Mars


View Profile
May 11, 2018, 11:02:54 AM
 #16

But I bet "East" is again guilty for this price drop -more precisely South Korea : http://news.cryptoofkorea.com/2018/05/11/upbit-suspected-of-fraud/
Timing is a bit odd, we were going down before this news was released, maybe some people in South Korea knew about the investigation beforehand and began to sell?

But if the Upbit news is the reason behind the dip, then I wouldn't worry too much about it. In January, bithumb was raided by police and there was a dip in the prices, but it lasted a couple of days. People should look at this dip as the perfect opportunity to buy some cheap alts or some BTC.

.
Duelbits
            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀

Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█

Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █

Blackjack
|█▀▀▀▀▀█▄▄▄
       ▀████▄▄
         ██████▄
▄▄▄▄▄▄▄▄█▀    ▀▀█
████████▄        █
█████████▄        █
██████████▄     ▄██
█████████▀▀▀█▄▄████
▀▀███▀▀       ████
   █          ███
   █          █▀
▄█████▄▄▄ ▄▄▀▀
███████▀▀▀
.
                 NEW!                  
SPORTS BETTING 
|||
[ Đ ][ Ł ]
AVAILABLE NOW
BitHodler
Legendary
*
Offline Offline

Activity: 1526
Merit: 1179


View Profile
May 11, 2018, 11:10:31 AM
 #17

It's not even a 10% drop, so there is really not that much going on. For that reason it's quite funny when the price goes up like 10% people don't find it interesting, but when it falls 10%, they start freaking out.

Get your shit together and hodl through. It's normal for these price swings to happen, especially with how thin the market is. It only requires one relatively smaller dump to push the market down.

If the price falls down closer to the $8000 mark, which might not even happen at all, I will probably start buying some extra coins. The price broke through my buying range too soon, so this could be an opportunity for me.

BSV is not the real Bcash. Bcash is the real Bcash.
magisterr
Sr. Member
****
Offline Offline

Activity: 1372
Merit: 259


View Profile
May 11, 2018, 11:53:33 AM
 #18

Seems someone trying to dump price before Consensus 2018 (which take place in New York on May 14-16). Ithink Bitcoin will countinure rally after this conference...
bitbunnny
Legendary
*
Offline Offline

Activity: 2870
Merit: 1068


WOLF.BET - Provably Fair Crypto Casino


View Profile
May 11, 2018, 12:10:49 PM
 #19

Don't always look for exact reasons that price is falling, you will not find them. Beleive me, whatever someone might say it's just speculation. Some say that news from South Korea caused this but I don't support that theory.
Besides, it's not so huge price drop so there is no room for panic.
Volatility is natural part of Bitcoin, accept it.

Chacha1000
Jr. Member
*
Offline Offline

Activity: 645
Merit: 1


View Profile
May 11, 2018, 12:11:51 PM
 #20

Bitcoin will surely boom
Pages: [1] 2 3 4 5 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!