This is A Nasty Situation for Bitcoin

[figmentofmyass]

Is there evidence these guys are selling their bitcoins?

Is there any evidence in whatever claims these two claim? of course not. Ver said he still owns many BTC, he hasn't proved this, Wright said he is satoshi, he hasn't proved this. He is on twitter all day trolling posting gif memes, that's all he does, and spend money from his "billionaire" buddy (also not proven as well, why should anyone believe Calvin A. is a billionaire?)

forbes listed him as a billionaire. i don't doubt it---he was in the right place at the right time with a successful brand during the online poker boom. that was back in 2006, but it'd be pretty hard to lose that amount of money.

As far as sub 1k btc goes, there's too much bull pressure, the closser you get to 1k the highest the FOMO will be, we will never hit 3 figures again because anyone with 2 functional braincells will be selling their house, car and clothes to go all in.

i don't doubt there is significant buy pressure in the $1000s. but it's not from retail fomo. the retail investors you're talking about only show up during bubbles.

[justdimin]

Do you think there these factors favor short or long on bitcoin? I lost quite some money looking at the recent Bitcoin price. https://cryptoinfowatch.com/bitcoin-price-falls-below-4300-proving-analysts-wrong/

I think we have been here before, maybe not exactly the same situation but we have been at the same spot years ago. When bitcoin goes off to a huge number the price drops happens a lot ruthlessly then you imagine. First of all the difference between the 2014 years and today is that back at those times the price hit 1200 dollars but that wasn't that big compared to what it is now and people didn't know about bitcoin as much as they know now. It took a lot of years to get back to those numbers but that happened because people started to learn more about bitcoin.

These days the situation may look nasty but all we need is some ETF or some big company to get back into this spending billions of dollars just to get bitcoin, doesn't have to be one company, it could be collective, but when you put that much money in bitcoin you will get it bigger again.

[Quidat]

Do you think there these factors favor short or long on bitcoin? I lost quite some money looking at the recent Bitcoin price. https://cryptoinfowatch.com/bitcoin-price-falls-below-4300-proving-analysts-wrong/

I think we have been here before, maybe not exactly the same situation but we have been at the same spot years ago. When bitcoin goes off to a huge number the price drops happens a lot ruthlessly then you imagine. First of all the difference between the 2014 years and today is that back at those times the price hit 1200 dollars but that wasn't that big compared to what it is now and people didn't know about bitcoin as much as they know now. It took a lot of years to get back to those numbers but that happened because people started to learn more about bitcoin.

These days the situation may look nasty but all we need is some ETF or some big company to get back into this spending billions of dollars just to get bitcoin, doesn't have to be one company, it could be collective, but when you put that much money in bitcoin you will get it bigger again.

We are already here before but the price is different and the decline price is a bit different too. So we need some big company to make a change in this nasty looking outrage of massive decline of prices in both bitcoin and altcoins. Someone is always hoping that a bull run will come again after a long time of resting.

[cellard]

Is there evidence these guys are selling their bitcoins?

Is there any evidence in whatever claims these two claim? of course not. Ver said he still owns many BTC, he hasn't proved this, Wright said he is satoshi, he hasn't proved this. He is on twitter all day trolling posting gif memes, that's all he does, and spend money from his "billionaire" buddy (also not proven as well, why should anyone believe Calvin A. is a billionaire?)

forbes listed him as a billionaire. i don't doubt it---he was in the right place at the right time with a successful brand during the online poker boom. that was back in 2006, but it'd be pretty hard to lose that amount of money.

As far as sub 1k btc goes, there's too much bull pressure, the closser you get to 1k the highest the FOMO will be, we will never hit 3 figures again because anyone with 2 functional braincells will be selling their house, car and clothes to go all in.

i don't doubt there is significant buy pressure in the $1000s. but it's not from retail fomo. the retail investors you're talking about only show up during bubbles.

As I expected he seems like "right thing right time" guy. Im not going to say he isn't bright because he could have seen an opportunity and acted on it doing the right things, but I don't think he has the required brightness to understand the very intricate game theory dynamics at play with bitcoin. Looks like another billionaire jumping on the bandwagon as many others have done before in the field. This is also typically how fortunes are lost.

Roger Ver was also bright enough to be doing the right thing at the right time (putting $25k back then in 2012 buying BTC), yet as we can see he isn't being too bright on the long term and he's been losing money.

[Semaj123]

Do you think there these factors favor short or long on bitcoin? I lost quite some money looking at the recent Bitcoin price. https://cryptoinfowatch.com/bitcoin-price-falls-below-4300-proving-analysts-wrong/

Definitely, it's not only you that's affected by this current event. Eventually, tons of crypto users are losing due to the fact that cryptocurrencies keeps on falling. Well, this is how crypto works, it's not all the time we can gain benefits and we should always be aware from it.

[South Park]

When key supports are broken,  all bets are off.     We had a bit of a bounce, but it's still in a downtrend.   Even if we get back over 5K I would look for another drop.    I feel like bigger entities are just waiting for moves to liquidate people either way.


 I honestly don't know what to think about all of this.   Everyone is just speculating on what happened and why. 

This is true, in technical analysis there is support and resistance, and the price tends to move between those two extremes for most of the time but once you break the support or the resistance you do not know where the price is going to land, in the previous bull market it was impossible to predict how high the price will go and in the current bear market is impossible to predict how low the price will go.

[WatchMaker]

Do you think there these factors favor short or long on bitcoin? I lost quite some money looking at the recent Bitcoin price. https://cryptoinfowatch.com/bitcoin-price-falls-below-4300-proving-analysts-wrong/

What is currently happening in the market is general market correction for not only bitcoin but the entire market as well including Altcoins too. The period market correction normally last for weeks it depends on the market conditions. sometimes short period and sometimes long period of time. I think this type of correction won't last for than 4 weeks.

[iv4n]

Do you think there these factors favor short or long on bitcoin? I lost quite some money looking at the recent Bitcoin price. https://cryptoinfowatch.com/bitcoin-price-falls-below-4300-proving-analysts-wrong/

What is currently happening in the market is general market correction for not only bitcoin but the entire market as well including Altcoins too. The period market correction normally last for weeks it depends on the market conditions. sometimes short period and sometimes long period of time. I think this type of correction won't last for than 4 weeks.

I'm also pointing out every time in my comments that this dip is just temporary downfall of the market. Panic will always be number one reason for this kind of drops, this time people are panicking for some articles how miners are destroying old miners and quiting mining because of the cost of electricity, or some other reasons. I think it's just a fud, and it's coming after bch hard fork, it's a war judging by the news and they are making a big noise on social networks. That or something else this situation will pass and we will see prices rising again.

[Juggy777]

Do you think there these factors favor short or long on bitcoin? I lost quite some money looking at the recent Bitcoin price. https://cryptoinfowatch.com/bitcoin-price-falls-below-4300-proving-analysts-wrong/

Definitely, it's not only you that's affected by this current event. Eventually, tons of crypto users are losing due to the fact that cryptocurrencies keeps on falling. Well, this is how crypto works, it's not all the time we can gain benefits and we should always be aware from it.

I can understand no one likes to be holding a falling currency, but then again we'll knew bitcoins prices are volatile. I have always advocated for long term holding on bitcoins, and not to be effected by short term events. While I understand you may be starring at loss, but those losses will only happen if you sell them now, I would suggest you to hodl them, and wait to sell till you're in profit.

[cryptokwuk]

Ver and Wraight are far from done dumping their coins.
I'd be surprised if they spent any more than 5% of their btc in this recent dumpfest.
As they have mentioned, btc will be under 1k before 2019, which seems to be a very real and likely scenario at this point.

Is there evidence these guys are selling their bitcoins?

BCH and BCHSV being up +8% and +14% while the entire market is dropping 10-20% isn't a small hint?

[figmentofmyass]

Ver and Wraight are far from done dumping their coins.
I'd be surprised if they spent any more than 5% of their btc in this recent dumpfest.
As they have mentioned, btc will be under 1k before 2019, which seems to be a very real and likely scenario at this point.

Is there evidence these guys are selling their bitcoins?

BCH and BCHSV being up +8% and +14% while the entire market is dropping 10-20% isn't a small hint?

good point. BCHSV in particular has bounced hard over the past two days. i wonder how deep calvin ayre's pockets go---that's who's bankrolling the SV side, right? it seems like such a dumb move, especially in a bear market. the original bcash fork was pumped and bitmain withheld their coins from market, and the network still ended up obscure and barely used.

on the bright side, if bitmain/ver and ayre/wright really are dumping BTC onto the market to fund this war, their coins are being distributed and they won't remain whales forever.

[STT]

A price cannot be a nasty situation by itself.  Read up a bit further then just the surface and then decide if judgement warrants that conclusion.    We have a few effects in play that could be reflected in the price but ultimately I see no impairment to the protocol only news and some factors that dont favour speculation postive for Bitcoin right now.       Why is a lower price nice when we want to buy something but a negative in this scenario, you have to decide the overall market with more then just a personal bias and I think that gives a more accurate answer.

Mostly I just see deleveraging which effects a few markets, most notably stockmarkets reflect this withdrawal.    I dont see Bitcoin is anything distinct beyond that effect, some extra crypto news perhaps but nothing big afaik



With this last price change 3850 is a point to pass in a positive reaction to its rise from a support level and 1st target is about 4150 I think which is where speculators take their profits before coming back the next day or however it works in this revolving global market

[cryptokwuk]

on the bright side, if bitmain/ver and ayre/wright really are dumping BTC onto the market to fund this war, their coins are being distributed and they won't remain whales forever.

Well yes and no, considering how much volume is needed to affect the market and how much they have, it will be one bloody mess for a long time to come.

[buwaytress]

Ver and Wraight are far from done dumping their coins.
I'd be surprised if they spent any more than 5% of their btc in this recent dumpfest.
As they have mentioned, btc will be under 1k before 2019, which seems to be a very real and likely scenario at this point.

Is there evidence these guys are selling their bitcoins?

BCH and BCHSV being up +8% and +14% while the entire market is dropping 10-20% isn't a small hint?

good point. BCHSV in particular has bounced hard over the past two days. i wonder how deep calvin ayre's pockets go---that's who's bankrolling the SV side, right? it seems like such a dumb move, especially in a bear market. the original bcash fork was pumped and bitmain withheld their coins from market, and the network still ended up obscure and barely used.

on the bright side, if bitmain/ver and ayre/wright really are dumping BTC onto the market to fund this war, their coins are being distributed and they won't remain whales forever.

That's been my bright side of the tunnel ever since I'd been looking at those active attacks from 2016 amd particularly during the 2017 split. Lot of talk about Bitcoin heavyweights and their ability to manipulate price from sheer balance sizes. But if they are really behind these dumps and the previous spam attacks, then at least we can surmise that distribution is also taking place. Every concerted attack has to eat at reserves.

And if not, it still represents comfortable entry levels for newcomers and latecomers (like me). It's all good.

[Dodoymabs]

Do you think there these factors favor short or long on bitcoin? I lost quite some money looking at the recent Bitcoin price. https://cryptoinfowatch.com/bitcoin-price-falls-below-4300-proving-analysts-wrong/

I think we have been here before, maybe not exactly the same situation but we have been at the same spot years ago. When bitcoin goes off to a huge number the price drops happens a lot ruthlessly then you imagine. First of all the difference between the 2014 years and today is that back at those times the price hit 1200 dollars but that wasn't that big compared to what it is now and people didn't know about bitcoin as much as they know now. It took a lot of years to get back to those numbers but that happened because people started to learn more about bitcoin.

These days the situation may look nasty but all we need is some ETF or some big company to get back into this spending billions of dollars just to get bitcoin, doesn't have to be one company, it could be collective, but when you put that much money in bitcoin you will get it bigger again.

We are already here before but the price is different and the decline price is a bit different too. So we need some big company to make a change in this nasty looking outrage of massive decline of prices in both bitcoin and altcoins. Someone is always hoping that a bull run will come again after a long time of resting.

Indeed, this is definitely a cycle which we should always bear in mind. Cryptocurrencies is a risk kind of business which it needs a stronger emotions and patience so that we can gain good amount of ROI. Some of the members here already see the patterns which the current state already been repeated so, holding or buying coins for now could be an options to take due to the price is some how good to make investment.

[arpon11]

Do you think there these factors favor short or long on bitcoin? I lost quite some money looking at the recent Bitcoin price. https://cryptoinfowatch.com/bitcoin-price-falls-below-4300-proving-analysts-wrong/

We have read many thread here concerned the current market conditions but many of us including me did not believe that bitcoin is going to be down to this level.  During my time of cryptocurrencies trading we always believe that you should not trust the market as it can easily give a surprise price movement and that is what I have seeing happening and therefore we were encourage to place a stop losses. This situation is very nasty as no one really know were bitcoin is heading towards and we are going to have the price of other coins heading down the more.