arbiter5 (OP)
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September 24, 2019, 03:59:59 PM
Last edit: September 25, 2019, 03:32:19 PM by arbiter5 |
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Updated the title lol
Title: Bitcoin's price dropped down to $9,500 $8,400 today. Wanna know why?
Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.
There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye
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crypthough
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September 24, 2019, 04:09:47 PM |
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Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.
There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye
Totally right. The volatility is absolutely normal. People often expect a market which goes only up, but that's not possible. Beyond that the drops in the last Bull Run were even stronger. For all long term investors a short term drop shouldn't be a problem or a reason to worry about. |
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Artemis3
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September 24, 2019, 04:10:46 PM |
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Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.
There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye
That's not volatility, that's freedom. And that's not a crash, but a miserable 5% price reduction. I will hit you with the concept as many times as you abuse the word crash: the term commonly applies to steep double-digit percentage losses Your expectation with these "panic scare" words? Nothing. The people here know better, you waste your time. Has bitcoin price fallen to 1k? No? Then its not a crash. Cheaper bitcoin is an opportunity for others to invest... |
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coolcoinz
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September 24, 2019, 04:14:29 PM |
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Why all the f words mate? Bitcoin did not crash yet. A couple % loss is not a crash yet. If It went down by 10% we could call it a crash, this is only slow bleeding. We used to e in a nice short uptrend that got broken in the middle of August and the price is looking for a stable bottom to start another uptrend. It's all fine because we are in a long term bull market since breaking above 4k, and now even if we were to go back to 6k we would still be bullish. Following that slow and steady trend we should see lowest lows of 10k in September of next year. I'm fine with that. Has bitcoin price fallen to 1k? No? Then its not a crash. Cheaper bitcoin is an opportunity for others to invest...
Why 1k? 1k at this point would be terrible and would mean full on bear market again for another year. |
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arbiter5 (OP)
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September 24, 2019, 04:24:04 PM |
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That's not volatility, that's freedom. And that's not a crash, but a miserable 5% price reduction. I will hit you with the concept as many times as you abuse the word crash: the term commonly applies to steep double-digit percentage losses It's hilarious how you're actually lecturing me on "crashes" like I was the one calling it a crash lmao. Your expectation with these "panic scare" words? Nothing.
Did you actually misunderstood what I was trying to say in this post lol? The people here know better, you waste your time.
"The people here know better". Oh you have no idea. |
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franky1
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September 24, 2019, 04:29:35 PM |
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i too find it annoying when people scream murder when the price only moves a few percent.
to me and many i know, its never a price 'drop', 'crash' 'dump'. its instead a discount day to buy extra cheap
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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bitbunnny
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September 24, 2019, 04:37:13 PM |
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Finally that someone realised that Bitcoin price drop is quite normal and that is part of volatility. It's just corrections and there is no need to develope some special theories about it.
But I'm still waiting panic posts about price crash and worried questions if to sell or not, if Bitcoin is dead this time and similar because some people never learn.
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arbiter5 (OP)
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September 24, 2019, 04:41:36 PM |
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i too find it annoying when people scream murder when the price only moves a few percent.
to me and many i know, its never a price 'drop', 'crash' 'dump'. its instead a discount day to buy extra cheap
Finally that someone realised that Bitcoin price drop is quite normal and that is part of volatility. It's just corrections and there is no need to develope some special theories about it.
But I'm still waiting panic posts about price crash and worried questions if to sell or not, if Bitcoin is dead this time and similar because some people never learn.
Thank fuck someone actually got what I was trying to say. |
"The cybereconomy could well be the greatest economic phenomenon of the next thirty years."
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Naida_BR
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September 24, 2019, 04:59:21 PM |
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Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.
There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye
So do you really blame the fact that bitcoin is actually traded in exchanges? If bitcoin wasn't traded then it would have no life as people wouldn't be able to have easy access to it. The price drop is actually a correction to all this time increase, without any specific reason. Something like the bubble blew. |
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ILuckyGuyI
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September 24, 2019, 05:04:29 PM |
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Bitcoin has been volatile since the date it entered the cryptocurrency market. This is one of the essential features of this market. As for the price right now, I believe this decrease is not too bad to worry.
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arbiter5 (OP)
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September 24, 2019, 05:12:39 PM |
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So do you really blame the fact that bitcoin is actually traded in exchanges?
If bitcoin wasn't traded then it would have no life as people wouldn't be able to have easy access to it.
 Yep. I quit. |
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— The Sovereign Individual
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Qcrypto
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September 24, 2019, 05:16:04 PM |
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i too find it annoying when people scream murder when the price only moves a few percent.
to me and many i know, its never a price 'drop', 'crash' 'dump'. its instead a discount day to buy extra cheap
This and nothing else. It's just a cycle going up and down. A perfect opportunity for those who missed to buy cheap. Now another opportunity presents itself. I wonder for how long? This time next year, those same people will complain how they didn't buy when the price was low. |
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aplistir
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September 24, 2019, 05:29:12 PM |
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Yep, OR because google published news about their working quantum computer, which was used to solve a problem that normal computers would take 10000 years to solve.
Yes, I do know it is not even close in being able to crack bitcoin, but such news can be worrying to some bitcoin holders.
Bitcoin value does reach to news as you would expect it to.
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1Referee
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September 24, 2019, 06:04:59 PM |
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A perfect opportunity for those who missed to buy cheap. Now another opportunity presents itself.
I doubt that. People who wait for a "perfect opportunity" are usually the ones who are missing out the most. If they right now are waiting for $7000 to start buying, they will lower their target once the price starts to come closer to that $7000 level, because they then expect it to go down more. That's how these "perfect opportunity" buyers will keep missing out. If you're really bullish on Bitcoin, you dollar cost average every now and then to stack up satoshis. |
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exstasie
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September 24, 2019, 07:03:50 PM |
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Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. Fucking volatile is right. Now it just dropped to the $8,600s!  This is probably a fake-out so be ready for the snapback, but.......the triangle everyone has been watching just broke to the downside:  |
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pixie85
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September 24, 2019, 09:37:05 PM |
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Fucking volatile. It does that often. In May it dumped from 8000 to 6000 in a day. In June 13000 to 10000 also in a day. Then it went from 13000 to 11000 in July. Today in September 9700 to 8000 also in a day.
See any similarities? It happens almost every month. Stop bitching and panicking it's about time you've learned!
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LUCKMCFLY
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September 24, 2019, 09:45:57 PM |
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The prices are simply going down, when you look at the BTCUSDSHORTS chart you can clearly see the candle that has not closed it at 4h, the price is going down. Many times they do it to buy cheap, in fact the best way to buy Bitcoins is cheap.  TensorCharts shows that they have sold an approximate amount of 14,252.34 BTC ...  |
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Reatim
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September 24, 2019, 09:51:47 PM |
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Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.
There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye
That’s why if you don’t know what VOLATILITY means then never dare to invest in Bitcoin and with all alternatives currency as well
This same problem may continuously asking whenever the price is in fluctuations ,but they don’t even thankful when the price grow up again lol
Anyway panicking will only make the value worsted.please bare and keep holding when this kind of season comes |
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1Referee
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September 24, 2019, 09:53:52 PM |
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This is probably a fake-out[/url] so be ready for the snapback, but.......the triangle everyone has been watching just broke to the downside:
Definitely not a fake-out. The volumes that are being generated are too high for this to be a fake-out. The support levels that were holding the price above the horizontal support of the descending triangle will now form massive resistance. We'll have a very ugly daily close, and with the month coming nearly to an end, we might even get a very ugly monthly close if it does so below the $8500 level. Some people have been speculating about the price to break up because the mass was so overly bearish, but it seems that the increasingly bearish charts and the higher probabilities of going down were spot on this time. |
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TimeTeller
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September 24, 2019, 09:57:03 PM |
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A perfect opportunity for those who missed to buy cheap. Now another opportunity presents itself.
I doubt that. People who wait for a "perfect opportunity" are usually the ones who are missing out the most. If they right now are waiting for $7000 to start buying, they will lower their target once the price starts to come closer to that $7000 level, because they then expect it to go down more. That's how these "perfect opportunity" buyers will keep missing out. If you're really bullish on Bitcoin, you dollar cost average every now and then to stack up satoshis. They are also waiting for the btc auction day. https://www.newsbtc.com/2019/09/23/662k-in-criminal-bitcoin-to-be-sold-at-uk-auction-this-week/The price might still go down but I have big faith in bitcoin, it will rise again after these cirmcumstances. How many times have we experienced this kind of situation and yet btc is still on top? |
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