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Author Topic: BTC movement after today flash crash  (Read 299 times)
Stilicho
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August 06, 2019, 01:50:39 PM
 #1

Hello,

what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?

I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.

S.
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August 06, 2019, 02:02:01 PM
Merited by hilariousandco (2), vapourminer (1), BrewMaster (1)
 #2

People really call these flash crashes now? How soft have people become. Bitcoin rose from $11,600 to $12,200 and just went back down to $11,770 today, which should still be an increase in the end so far. And you're "tired of these crashes"?

Mate. If you can't handle the price volatility, bitcoin is not for you. Go invest or trade other assets instead.

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August 06, 2019, 02:58:29 PM
 #3

what do you think after today flash crash of BTC from 12300 to 11600.
I admit that it was a steep downfall, probably there's a whale who dump his coins. Nonetheless, I think there's nothing to worry about so chill. Do not stress yourself so much because everything is fine.
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
"If you can no longer handle the heat then go out in the kitchen" as simple as that. First and foremost you should understand that market is so volatile but if you can't cope then better for you to exit. No offense but crypto investing is not for the ones with the weak heart, it is for the ones who are willing to take risk in order to earn success Smiley.

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August 06, 2019, 03:00:07 PM
 #4

People really call these flash crashes now? How soft have people become. Bitcoin rose from $11,600 to $12,200 and just went back down to $11,770 today, which should still be an increase in the end so far. And you're "tired of these crashes"?

i think most of these newcomers who call these price changes "flash crash" or "pumps" aren't doing it because of the volatility. they are surprised because the "numbers" are big. otherwise if price went from $22 to $20.91 nobody would have even thought about it. why because 22 is a small number but 12200 is a big one, doesn't matter if the drops are exactly equal in size percentage wise!

this will only get worse the higher the price goes. imagine what they would say when price falls from $122,000 to $116,000. they see the $6000 difference not the 4.9%

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August 06, 2019, 03:03:40 PM
 #5

Like I was just saying in the previous post, I'm still far from convinced by the new bull run of August. Yeah, normally Tom Lee and gang doing it up gangbang is a good enough sign for me when even Meister Keiser thinks 15k by end of month, I should be worried.

All due respect but there's a lack of volume backing up these jumps, which just suggests good old profiteering at short and sweet intervals. More of this is what we should expect, until we get more serious order depths.

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August 06, 2019, 03:20:13 PM
 #6

This cant be of a surprise looking back how Bitcoin act on the charts, this will be nothing more then a little bump on the road.
Maybe aim for longer time periods or as stated above Bitcoin isnt for you.
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August 06, 2019, 03:32:07 PM
 #7

1-3% isn't a flash crash in crypto but rather a normal.market volatility that we experience almost every day. This is a normal occurrence in bitcoin so one shouldn't really expect huge price movements immediately after these things happen.i'm still skeptic of the $15K by the end of August prediction made by Tommy Lee though it's starting to happen day by day. Then again, we know how good Tommy Lee is when it comes to jinxing his own predictions so yeah, it may not happen.




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August 06, 2019, 03:35:23 PM
 #8

What? you are tired of these crashes? what's the price of bitcoin yesterday and the other day?

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August 06, 2019, 03:37:01 PM
 #9

That's the game of volatility mate and you must be ready to adapt to the system. What else do you expect from the sudden rise of Bitcoin and some other cryptocurrency? Remember, when there is a rise without volume in the equation, then, be rest assure that the price will crash land without any notice, a lesson for another day.

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August 06, 2019, 03:37:21 PM
 #10

Hello,

what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?

I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.

S.


I don't get why you use the word "crash". Its a simple correction, or even less that that, a little fluctuation. Did you know that would be like 5%?

In economy "crash" is something really catastrophic, not 5% but like 95% value loss. Stop using this word anytime you watch a simple fluctuation downwards.

the term commonly applies to steep double-digit percentage losses
I am really tired of people like you calling everything "crash".

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August 06, 2019, 03:55:43 PM
 #11

In my opinion and I guess others may have known this as well, The answer is Volatility, Bitcoin and other Altcoin can change the price without further warning even without any positive of negative news aside, That is why they call it volatile and if you get tired by this kind of sudden changes then you got a weak faith with the bull run now, or maybe you assumption with the Bull run is like the previous bull run on 2017, I guess you can not compare the now and then because that is a different situation in my opinion,
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August 06, 2019, 04:03:56 PM
 #12

i think most of these newcomers who call these price changes "flash crash" or "pumps" aren't doing it because of the volatility. they are surprised because the "numbers" are big. otherwise if price went from $22 to $20.91 nobody would have even thought about it. why because 22 is a small number but 12200 is a big one, doesn't matter if the drops are exactly equal in size percentage wise!

this will only get worse the higher the price goes. imagine what they would say when price falls from $122,000 to $116,000. they see the $6000 difference not the 4.9%

Man, this annoys me a little bit too much. It's the same caliber as the people who says that they "missed the bitcoin train" and are now investing in XRP because they think it will reach the same price as bitcoin. 🤦

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August 06, 2019, 04:14:47 PM
 #13

Hello,

what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?

I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.

S.



Fake Pumps always have fast dumps.

It is all bitcoin has left since the merchant acceptance is declining.

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August 06, 2019, 04:25:20 PM
 #14

I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.

LOL.

Did you take a look at how much the price increases these past days?

You are looking only at that minor pullback that happened right now without realizing how much the price grows. The momentum has just ended "slightly" but it doesn't mean the price is on a crash status right now.

I suggest not to look closely at the price and decide for a long term holding instead. It will stress you more the way you are currently reacting to it.

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August 06, 2019, 04:49:19 PM
 #15

Man, this annoys me a little bit too much. It's the same caliber as the people who says that they "missed the bitcoin train" and are now investing in XRP because they think it will reach the same price as bitcoin.

the altcoin market is a whole lot of mess. everyone is blowing in their own horn trying to sell their garbage to the newcomers. and the funny part of it is that all of these altcoins, specially the top ones have lost more than 60% of their value over the past 6 months that bitcoin was rising!

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August 06, 2019, 04:56:41 PM
 #16

Hello,

what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?

I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.

S.

you need to understand this:

This is a market, we have buyers on one side and sellers on the other.

Imagine that I buy 100 BTC for $11600, so soon the price goes up to $12200 and because I bought when the price was $11600 I decide to sell for $12200 and the price drops back to $11700... You don't have to be sad about it or disappointed about it... because that's how the market works.

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August 06, 2019, 05:12:02 PM
 #17

Hello,

what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?

I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.

S.


Lol, I don't see this as flash crash.  If you look back at Bitcoin history there are lots of cases more severe than this.  This is just a normal phenomenon to Bitcoin  market.  And if you are tired of these crashes, there are options you can do, either sold your BTC and forget about it or hodl your BTC and don't look at the Bitcoin price for a  year or two.  That way, you won't be stressed on the volatility of Bitcoin.
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August 06, 2019, 05:19:38 PM
 #18

People really call these flash crashes now? How soft have people become. Bitcoin rose from $11,600 to $12,200 and just went back down to $11,770 today, which should still be an increase in the end so far. And you're "tired of these crashes"?

Mate. If you can't handle the price volatility, bitcoin is not for you. Go invest or trade other assets instead.
Dont know why people calling these movements as flash crashes.Dropping from few dollars or even a thousand is just like a typical movement on cryptospace.
Theres nothing we should be shocked on because this is how Bitcoin too volatile.It can swing up on a short span of time from dump to rising or on reverse thing too.
If we've been here for a while then these things is just like an ordinary day and this is the perfect recipe on making out some profits.

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August 06, 2019, 05:19:51 PM
 #19

I wouldn't call it a flash crash, just a pullback after hitting a resistance level.

This could be a potential reversal happening if bears can hold prices below this trend line and give us another dump candle. This is right where xxxx123abcxxxx was expecting a potential inflection point:


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August 06, 2019, 05:33:58 PM
 #20

what do you think after today flash crash of BTC from 12300 to 11600. Will it get back on bull trend and get over 12k again or will it slowly fall back to 10k?
I am really tired of these crashes. It is not first time I went from profit to huge minus just in few minutes. I cant understand how this can happen.
Are you serious? The price was around $ 9,000 a few days ago and now more than $ 11,700. The price was about $ 2000 several months ago and about $ 19,000 a year and a half ago and less than $ 100 8 years ago.
BTC is not a currency for short speculation, it will end up losing your money, you have to wait longer.
If you do not believe in this technology, it is better to be satisfied with the 16% provided by banks annually.


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