Markets crashing down, Want to know why?

[leowonderful]

Well, I will be mighty pissed if everything recovers before 1 October. I do think you're right and that the dip will be quite painful for a lot of people to bear, and we'll only see more selloffs this entire week, if not well into October. Always bound to happen, especially when news like Bakkt ended up whimpering. Got to learn to stop all the hyping up cause the hangover from underwhelming events hits the market like this.

The books on most exchanges at the moment from what I'm seeing on Bitcoinwisdom.io are extremely thin and there could definitely be a strong bounce even in the next few days or a shorter timeframe if the selling starts to let off a bit (which has already happened to degree), though it does suck that the price action can appear to be so strongly driven by news-related events around here. I've actually personally taken a somewhat significant loss in this dump, though I'll also be changing up my own strategy in the future for anomalies like this in the future.

A ton of longs on Bitmex (More than $600 million according to Datamish) were recently liquidated in this monster of a wick. I wouldn't be surprised if this levelled out and continued to grind upwards in the near future.

[1715196727]

1715196727

[1715196727]

1715196727

[1715196727]

1715196727

[Duzter]

Maybe the market is getting adopted to the Bakkt. This year's peak growth has been reached, and now it is providing with some opportunity to make an investment. Probably the market will recover soon as there is more chances for investment to move from physical trades to coffee.

[Reatim]

Somebody thinks he can make people panic and grab cheap coins with stupid threads like this  

Or someone is calling the crash and you are too clueless to get out in time.  

Nah there’s no need to go out because we knew it will return back again
Just like now why not check the Market price

Bitcoin Price Already under $8400, if you watched GOT, you know Hodlers die.  

I’ve highlighted your quote because just “1 hour “ after your crying time Bitcoin now is nearly $8,700  again so what’s the score?


Or maybe

You want us to “cry with you ”? It’s obvious that you have lost all your investments because of you wrong predictions lol and now you want us all to share with your mourning 😂

[Nemanjas]

Lost your 0.01 BTC on Bitmex, so Bitcoin is dead. Correct?

[traderethereum]

If it's going to zero, then so be it, at least, many people already cash out their bitcoin in a long time ago.
They do not regret because of holding bitcoin now and for a long time.
I still hold my bitcoin, but I already bought some more in the crash a few hours ago, and yes, it is a nice profit for me if I sell some to take my money back
But I still hold that bitcoin and only want to sell when the price is back to $10k which I am sure it will be there.
Now, the price is around $86xx and still struggle to increase.
I will be patient for more because I believe that bitcoin has the power to back to the high price.
Well, we will see it later in the next week, and I hope the things will be changed and will be better than now.

[perla]

I think it is ok, at first bitcoin's volatile is not make us rich. But make people who really can manage it to be rich. I am maybe people who not get rich from bitcoin because not really do regular trading and do only bounty campaign and hold my bitcoin. But with that, i am not lose much and not be poor because of crypto yet.

[Qcrypto]

Very nice trolling by the OP.

I like it!

[Lucius]

I cashed out of all of my bitcoins in 2017.  

Then why are you still in this forum, what is the purpose of your posts?

If you sold your coins in last ATH, you're probably profited on that, same as others who do the same thing through the past 10 years. Telling others today that BTC will not make them rich is quite hypocritical from the person who dump all coins back in 2017.

What people like you want is the price to go down as much as possible, so you can buy again and dump at next ATH. Only zero that will happen is the one in your brain, which I believe is not a distant future.

[figmentofmyass]

How many people do you lie to claiming bitcoin will make them rich?
Odds are you sell when they buy.

what's that ZEIT advertisement in your sig for? "unbreakable, immortal"? sounds like a snake oil to me.

Their is no reason to ever buy bitcoin again, it's bubble bursted at 20K.

lots of people literally said the same thing in 2014. so how do you know? data, charts, extrapolations, facts---show them to us. repeating in 10 different ways that price is going down isn't convincing.

[mazdafunsun]

It seems that the OP has lost some funds.
The game is risky and most of us have lost some as well.

There is no reason to think that crypto and especially BTC is dead for good, we easily went from 3k to 14k. Why didnt you tell us something then ?
If BTC goes to 3k again, I will start to think llike you, just maybe.

[serjent05]

No, I'm under the impression that it's Bakkt disappointment, people expected tons of volume immediately and it wasn't there. Therefore those who bought in preparation for this are now just pulling a bit out. Were at $9650, this is a small dip, and I bet we will see bounce back to over 10k within a week.

As I expected, Bakkt won't push the price that much since I believe they had been piling during the days when Bitcoin are on its low.  Sadly, price does not went what you expected for now, it is gone below $8k level and just recently recovering.  I do hope that Bitcoin will fully recover above 10k.  Reminds me of some article that Bitcoin need to go down below $8k before it rally and break it ATH ( i just can't recall what article it is).  So the first condition is met, now we have to wait for the speculated rally to ATH.

Time to cut the Bullshit and go start a real business or get a real job.
Crypto is in a state of decay, getting rich off it is over.

Good Day.

Why do we have to choose when we can do both (crypto and traditional business and jobs).  If a person is profiting from cypto then, I doubt we can advise him to stop his crypto activities what more to those who are deeply rooted in this industry.  I can say, crypto industry is being tested ever since and we have seen its ups and down, but all in all, true traders can see potential of huge profit  in this kind of volatility or scenario.

[actmyname]

The game is risky and most of us have lost some as well.

Why didnt you tell us something then ?
If BTC goes to 3k again, I will start to think llike you, just maybe.

I am telling you now , when it is irrefutable.
The past ~3 years confirm it.

Sure lose another ~$6000 per bitcoin, by ignoring the reality in front of you. 

Are you willing to place a bet on that condition?

Whichever comes first, 3k or 30k?

[serjent05]

Time to cut the Bullshit and go start a real business or get a real job.
Crypto is in a state of decay, getting rich off it is over.

Good Day.

Why do we have to choose when we can do both (crypto and traditional business and jobs).  If a person is profiting from cypto then, I doubt we can advise him to stop his crypto activities what more to those who are deeply rooted in this industry.  I can say, crypto industry is being tested ever since and we have seen its ups and down, but all in all, true traders can see potential of huge profit  in this kind of volatility or scenario.

WHO THE FUCK IS PROFITING FROM BITCOIN THAT LOSES OVER $12000 of fiat value in ~ 3 years?
Only scammers make money in that scenario.

Traders do.  Those who bought  early this year.  I guess you missed the important fact here.  You are too blind on thinking crypto is a bubble without realizing the actual things that happen within that period of time.  People does not care if a thing is a bubble or not, what important is to take profit.  Please don't skip the period  between this 3 years, or before your 3 year point.  Lots of people made money and lots losses too.  Same way with jobs when there is economic depression and when a start up opens and economy is booming.  But people do find potential way in profiting in this kind of event.  Though I agree there are lots of scammers around the cryptocurrency industry but there are also people who profit from this fluctuation in a legit way.

[Goranovsky]

WHO THE FUCK IS PROFITING FROM BITCOIN THAT LOSES OVER $12000 of fiat value in ~ 3 years?
Only scammers make money in that scenario.

Please check price of Bitcoin 3 years ago.