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STT
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November 23, 2019, 09:59:32 PM Last edit: November 24, 2019, 02:52:35 AM by STT |
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Its the tail end of a bull whip effect, the last part of a sequence of movements achieves the fastest speed and is most noticeable but this has been building a while. Its probably best not to get scared when it was foreseeable and there is no real big negative underlying. I tried to get explanation text for what I mean, I'm roughly talking about amplification of an effect. Like an avalanche I guess, BTC dumps now but it could be that we settle and come to an end also. Markets are ironic imo https://www.instagram.com/p/Bo97TaUh_5v/?taken-by=ross_modern_metalhttps://i.imgur.com/ILIxqC8.mp4The end of bull whip cracks not through physical contact but because the very end is breaking the sound barrier and creates a miniature sonic boom. You can see how the start of a move is quite a small amount initially but the mass on the end of the whip is small, the relevance to BTC would be the price is not indicator of everything as the true weight to the market can be elsewhere. This is why we get spikes that dont hold.
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1Referee
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November 23, 2019, 10:08:01 PM |
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Someone has to be blamed. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I remember last year on the way down that every drop was linked to some type of event. We had South Korea fud, Japan's stricter regulations, then social media platforms banning crypto ads, ETF rejections, Goldman Sachs halting their trading desk plans (which was fake news), MtGox fud, governments cracking down on crypto, etc. There was no shortage of nonsensical reasons to blame for the fall in price back then. I can't do anything but laugh at how stupid news outlets and a lot of people believing this nonsense are. If you don't know how to read a chart, you probably shouldn't invest in any tradable asset. Show me the charts, and I'll tell you the news.
-Bernard Baruch
I love short but powerful quotes.
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Darooghe
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November 24, 2019, 10:41:04 AM |
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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.
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cryptoangel
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 24, 2019, 11:13:26 AM |
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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.
These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable.
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viananda2525
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November 24, 2019, 12:55:06 PM |
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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.
These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable. this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again.
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watergold
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 25, 2019, 05:42:57 AM |
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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.
These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable. this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again. Yes, this is indeed an opportunity to buy, but I think the market downturn will continue for some time, a drastic decline that makes some people panic, but I do not know whether this is done by the pope or indeed from the downward movement of the market tends to go down, obviously we must see further market movements.
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wildan88
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November 25, 2019, 06:15:35 AM |
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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.
These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable. this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again. Yes, this is indeed an opportunity to buy, but I think the market downturn will continue for some time, a drastic decline that makes some people panic, but I do not know whether this is done by the pope or indeed from the downward movement of the market tends to go down, obviously we must see further market movements. I read some news, it's related to whales throwing away thousands of bitcoin as a result of the token scammer. be careful if you want to buy every dip, it's better to buy in part, because it's quite scary reading some analysis bitcoin will dump to 3000 or can be further down.
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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gabbie2010
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November 25, 2019, 06:36:09 AM |
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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.
These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable. this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again. Yes, this is indeed an opportunity to buy, but I think the market downturn will continue for some time, a drastic decline that makes some people panic, but I do not know whether this is done by the pope or indeed from the downward movement of the market tends to go down, obviously we must see further market movements. The most difficult aspect as of buying bitcoin at downturn is inability for a trader to predict where exactly the dip will end I also agreed that the down trend would continue thus a trader have to be careful when buying dip, the price might drop down to $6100 where a strong support might reject the price based on my own TA however this is just a speculation the price can rubbish it.
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johnwhitestar
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November 25, 2019, 08:15:49 AM |
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I don't know about protest, but for me the possible cause can be that many Americans are leaving the market because of too much regulations implemented in USA, at least it's what I've perceived speaking with people from there.
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Sterbens
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November 25, 2019, 04:00:01 PM |
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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.
These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable. this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again. Yes, this is indeed an opportunity to buy, but I think the market downturn will continue for some time, a drastic decline that makes some people panic, but I do not know whether this is done by the pope or indeed from the downward movement of the market tends to go down, obviously we must see further market movements. The most difficult aspect as of buying bitcoin at downturn is inability for a trader to predict where exactly the dip will end I also agreed that the down trend would continue thus a trader have to be careful when buying dip, the price might drop down to $6100 where a strong support might reject the price based on my own TA however this is just a speculation the price can rubbish it. The price of $ 6100 is not happening, bitcoin has shown good results so I think the downtrend could have ended now and now bitcoin has addressed the pattern upwards maybe those who understand technical analysis will understand which way bitcoin will be good, because my prediction believes bitcoin will continue green from now on.
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aardvark15
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November 25, 2019, 04:58:11 PM |
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Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.
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The Sceptical Chymist
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November 25, 2019, 05:07:49 PM |
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If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.
I have no idea what you mean by the above statement. I'd really love it if you could clarify it. Sometimes there's no reason why bitcoin drops like it does--same thing for when it rises. If you've been into bitcoin long enough, you'd come to expect stuff like this from time to time, i.e., wild price swings followed by periods of price stability. The smart traders or investors see massive drops like this as an opportunity to buy in, taking bitcoin off the hands of those who're panicking. The best advice you could get is at least not to sell right now. Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.
I've wondered that myself, but how is the preev price (the one I look at most frequently) influenced by an exchange like Bakkt or another one where they trade futures? I don't have an answer to that, but I do know that the price of gold for example is determined exactly like that--paper gold being traded instead of physical gold.
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exstasie
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November 25, 2019, 07:38:03 PM |
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Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.
I've wondered that myself, but how is the preev price (the one I look at most frequently) influenced by an exchange like Bakkt or another one where they trade futures? Arbitrage. Since Bakkt contracts are physically deliverable, they suck up real supply and demand from the spot market. Let's say Bakkt traders are extremely bullish and a strong contango/premium forms over the spot market. This should incentivize spot traders to buy on spot exchanges so they can sell on Bakkt = free money. That should drive spot prices upward to meet prices at Bakkt. With cash-settled contracts, this mechanism doesn't exist. With the CME market, what is likely happening is institutional traders are shorting on CME and then selling on spot exchanges to realize profit on the CME side (and vice versa).
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Wexlike
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November 25, 2019, 08:01:21 PM |
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Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.
I've wondered that myself, but how is the preev price (the one I look at most frequently) influenced by an exchange like Bakkt or another one where they trade futures? I don't have an answer to that, but I do know that the price of gold for example is determined exactly like that--paper gold being traded instead of physical gold. Hard to really understand the amount when it is difficult to gather all data. I think the future markets are very important to the price direction. Watch us go up until Friday.
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STT
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November 25, 2019, 11:48:47 PM |
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Could it be that people are betting against Bitcoin in the futures contracts? Without even owning actual Bitcoins, they could be moving the market.
Bitcoin isnt fractional, the base currency is a known quantity and fixed. The only real variable is the block reward and that is a known formula and readjusted regularly to stop blocks moving too fast. So all this base supply end is known, the dollar or FIAT production of money is often not known for sure and its tied to politics and desire for central government to finance itself so very much variable. The reason that matters is primary dealers on government debt can get hold of newly produced FIAT dollars. So the biggest banks have an advantage over little people like you or me and even small business is worse off. I just dont think they can pull off the same tricks in BTC to short with BTC that doesn't even exist, not unless the exchange themselves is producing and accounting for BTC that they cannot honestly produce on demand. This why every year they encourage people to take all their BTC into a proper wallet and formal ownership not rely on promise to pay from centralised websites; that is a good idea tbh. So I guess in conclusion we could say perhaps the market does have some possible air in the price short term but long term it should tighten up as BTC circulates and conforms to the fixed supply.
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Visbay
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 26, 2019, 05:54:39 AM |
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I think because Bitcoin has always been about community transparency and consistent development. the system we have here is not perfect. Unfortunately, some people who invested in BTC are gambling at this point and not believing in the technology and not actively supporting the community development of Bitcoin. When all of these accumulate up, that’s how you get a market crash.
These are all not a big issues on recent dump, I think gambling is always risky investment so those are active in gambling they are all just play the gambling. I heard different reasons on current fluctuations so I don't believe any problems on current dump. I hope it will raise soon so those have Bitcoin keep holding the one more month is right thought and current dump is unpredictable. this bearish trend will not longer again , one month again 2019 will end and this moment be last opportunity for whales to buy as much as they can. and now we see they start manipulate market by dumping their stock to make retail trader panic and selling their stock . current reason for this dumping look like come from china again. They are already used to with this, whales take this opportunity as an advantage and manipulate the market but those who are helping them supporting them are investors if we will stop listening to them and trusting their news so we will never suffer loose. We still lack knowledge and whales take advantage of it, just keep holding.
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Silberman
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November 27, 2019, 04:40:49 PM |
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Someone has to be blamed. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I remember last year on the way down that every drop was linked to some type of event. We had South Korea fud, Japan's stricter regulations, then social media platforms banning crypto ads, ETF rejections, Goldman Sachs halting their trading desk plans (which was fake news), MtGox fud, governments cracking down on crypto, etc. There was no shortage of nonsensical reasons to blame for the fall in price back then. I can't do anything but laugh at how stupid news outlets and a lot of people believing this nonsense are. If you don't know how to read a chart, you probably shouldn't invest in any tradable asset. Humans have a tendency to try to find an explanation for everything, it is simply our nature, but for many it is difficult to accept that the most simple of the explanations is the correct one, the price went down because there was no demand for bitcoin, that's it and it is not really complex but they cannot accept it and they keep trying to find some sort of direct relationship between an event and the drop in the price, a relationship that doesn't exist of course but that they have no problem forming. Show me the charts, and I'll tell you the news.
-Bernard Baruch
I love short but powerful quotes. Never heard that quote before but now I will never forget it.
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