byteberry (OP)
Member
Offline
Activity: 180
Merit: 10
|
|
July 30, 2014, 04:47:57 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
|
|
|
|
byt411
|
|
July 30, 2014, 04:49:46 PM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down.
|
|
|
|
byteberry (OP)
Member
Offline
Activity: 180
Merit: 10
|
|
July 30, 2014, 04:52:07 PM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense
|
|
|
|
Brooker
|
|
July 30, 2014, 04:52:27 PM |
|
The price has never been stable. What are you talking about? Exactly. Welcome to the unpredictable world of bitcoin. Sometime there's no logic in it, but I wouldnt concern myself with what the price is today or tomorrow but where it and bitcoin is going to be in the future.
|
|
|
|
byt411
|
|
July 30, 2014, 04:57:26 PM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news.
|
|
|
|
byteberry (OP)
Member
Offline
Activity: 180
Merit: 10
|
|
July 30, 2014, 04:59:00 PM |
|
The price has never been stable. What are you talking about? Exactly. Welcome to the unpredictable world of bitcoin. Sometime there's no logic in it, but I wouldnt concern myself with what the price is today or tomorrow but where it and bitcoin is going to be in the future.I know that it is not stable, sorry I mean it different than I he wrote it. What I really mean is that it was Months between 480 and 500 Euro. Just read about BitLicense, but sorry NY that is shit
|
|
|
|
franky1
Legendary
Offline
Activity: 4228
Merit: 4490
|
|
July 30, 2014, 05:00:04 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
this happened in october. what you are finding is that popularity is rising. but the cost of mining is rising too. and ill explain the chain reaction right now miners and investors who bought at $600 are pulling out their bitcoins and hoarding causing a volume drop. this means the investors who are using day trading buy,.. risking their stash to buy (usually keeping price up by creating buy walls) are not there. and although volume has shrunk, the fall in price has not been big. in october we seen the $125 turn into below $100 (forgive bad memory) this was when ASIC mining started and miners were seeing higher electric costs, so were not gonna sell at a loss, thus pulling out coin... like now. that was a 20% drop (which if done today would see $650 turn into $520). ok so there are some dumb people selling, but as we can see its a slowwwww movement which i dont see a problem with. because what comes next once the dumb investors have ran out of btc to sell. is that they will buy. and then even they should have realised their initial losses to not sell again at a loss, causing even them to hold. then as i said there is less and less bitcoin to sell. meaning buyers will have to start eating up the sell wall, causing a price rise ( a price correction atleast. and they wont sell for a loss, so new buyers will continue to buy the increasing sell order prices.. one thing is for sure, if your waiting for bitcoin to be $1-500 think again, id treat this as the moment you buy in below $600 before it starts to go to $700-$1000 soon. but thats my opinion
|
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
|
|
|
byt411
|
|
July 30, 2014, 05:00:43 PM |
|
The price has never been stable. What are you talking about? Exactly. Welcome to the unpredictable world of bitcoin. Sometime there's no logic in it, but I wouldnt concern myself with what the price is today or tomorrow but where it and bitcoin is going to be in the future.I know that it is not stable, sorry I mean it different than I he wrote it. What I really mean is that it was Months between 480 and 500 Euro. Just read about BitLicense, but sorry NY that is shit Yep, and some whales got scared and dumped around 1000 BTC on the markets. And no, it wasn't months between 480 EUR to 500 EUR either.
|
|
|
|
byteberry (OP)
Member
Offline
Activity: 180
Merit: 10
|
|
July 30, 2014, 05:00:51 PM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news. I don't have every day time to read the Bitcoin news. I also have a life between NYC and Europe, so it is not easy to be every day online
|
|
|
|
keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
|
|
July 30, 2014, 05:01:44 PM |
|
That seems to be the going theme lately. I guess it could be looked at both ways...it could mean that there are going to be less and less knee jerk reactions to news in the market. It will be interesting to see if we still say stable on pricing if we are hit with some legitimate bad news.
|
|
|
|
byt411
|
|
July 30, 2014, 05:05:34 PM |
|
That seems to be the going theme lately. I guess it could be looked at both ways...it could mean that there are going to be less and less knee jerk reactions to news in the market. It will be interesting to see if we still say stable on pricing if we are hit with some legitimate bad news.
Actually, more companies accepting Bitcoin can cause the price to go down, since they basically just sell all the bitcoins they get paid via Coinbase or BitPay. So yeah, it might be that too.
|
|
|
|
Baitty
|
|
July 30, 2014, 05:13:06 PM |
|
It might seem stable because it hasn't taken many drops/falls recently but that's just a illusion. there will be plenty more drops and rises otherwise I really do fear for Bitcoin.
|
Currently held as collateral by monbux
|
|
|
ensurance982
|
|
July 30, 2014, 05:14:39 PM |
|
It's unpredictable at times. And we're now experiencing regular market movements. It's just another day in the crazy world of the Bitcoin price. News like Dell accepting Bitcoin are great, but aren't some magical event that makes us go to the moon in an instant!
|
We Support Currencies: BTC, LTC, USD, EUR, GBP
|
|
|
Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
|
|
July 30, 2014, 05:32:28 PM |
|
Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.
Please provide evidence of this whale dump. Thanks.
|
|
|
|
ensurance982
|
|
July 30, 2014, 05:36:38 PM |
|
Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.
Please provide evidence of this whale dump. Thanks.
The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price.
|
We Support Currencies: BTC, LTC, USD, EUR, GBP
|
|
|
Nerazzura
|
|
July 30, 2014, 05:41:00 PM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news. Bitcoin is a currency that has NOT stable and volatile. Bitcoin often experience extreme price volatility in a short time. Each exit news will affect the price in the market. Just like in the stock market. For expert traders who can take advantage of this opportunity to make a profit. For those not familiar and new still plunged in the bitcoin world would be a decrease in the price shock that occurs at this time According to our past experience, In December 2013 bitcoin down from $ 1250 into $ 460. Decreased by approximately 63% within 2 weeks. The decline was triggered when the Bitcoin price lid mtgox.com bitcoin exchanger that used to be exhanger bitcoin BIGGEST in the world and the banning of bitcoin in Russia.
|
|
|
|
byt411
|
|
July 30, 2014, 05:45:43 PM |
|
Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.
Please provide evidence of this whale dump. Thanks.
The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price. It's might not be obvious, but we have proof that someone dumped a ton of btc. 1. Around 4k-5k BTC dumped, pushes price to $591.49. 2. Around 2k-3k BTC dumped, pushes price to $575.80. 3. Arond 2k-2.5k BTC dumped, pushed price to $568.05. There were more dumps on various exchanges, but i'm too lazy to look at that.
|
|
|
|
Lethn
Legendary
Offline
Activity: 1540
Merit: 1000
|
|
July 30, 2014, 05:47:05 PM |
|
Looks like an initial sell off before a big price rise to me, probably someone profit taking, it often happens note how there's a double bottom forming you have to wait and see whether it levels out now.
|
|
|
|
oceans
|
|
July 30, 2014, 06:07:04 PM |
|
The price of bitcoin is always raising and lowering again, it's the way it goes. What matters is what the future holds and how bitcoin can become more well known and more used by other businesses. I personally myself would love to see bitcoin used a lot more, the price it stands as does not concern me right now.
|
|
|
|
odolvlobo
Legendary
Offline
Activity: 4326
Merit: 3234
|
|
July 30, 2014, 06:08:42 PM Last edit: July 30, 2014, 09:13:40 PM by odolvlobo |
|
Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure. Please provide evidence of this whale dump. Thanks.
The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price. It's might not be obvious, but we have proof that someone dumped a ton of btc. 1. Around 4k-5k BTC dumped, pushes price to $591.49. 2. Around 2k-3k BTC dumped, pushes price to $575.80. 3. Arond 2k-2.5k BTC dumped, pushed price to $568.05. There were more dumps on various exchanges, but i'm too lazy to look at that. Kprawn is right to be skeptical. There is no way to know by looking at those graphs if the volume was due to one person selling or a thousand people selling. You need data showing what orders were filled, and that might not even be enough.
|
Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
|
|
|
beetcoin
|
|
July 30, 2014, 06:12:39 PM |
|
this just goes to show how unpredictable bitcoin is.. with good news, you'd think the price would go up. if you read today's articles about 1 year ago, without knowing the price of bitcoin, you'd think it'd be rising beyond the moon at this point.
|
|
|
|
Ludi
|
|
July 30, 2014, 06:22:03 PM |
|
this just goes to show how unpredictable bitcoin is.. with good news, you'd think the price would go up. if you read today's articles about 1 year ago, without knowing the price of bitcoin, you'd think it'd be rising beyond the moon at this point.
Surely it's a good thing that the price doesnt wildly fluctuate up and down with every bit of good or bad news. I'd prefer a bit of stability or a slow but steady growth.
|
|
|
|
waylon james
Jr. Member
Offline
Activity: 53
Merit: 1
|
|
July 30, 2014, 06:33:12 PM |
|
I don't mind the price drop as long as there isn't any bad news out.
|
|
|
|
gondel
Legendary
Offline
Activity: 1946
Merit: 1005
|
|
July 30, 2014, 07:08:38 PM |
|
I don't mind the price drop as long as there isn't any bad news out.
Think there will be lot of positive news for BTC and the price will go up again very shortly crossing the 650 border. Sure it is the time to buy Keep holding BR
|
|
|
|
counter
|
|
July 30, 2014, 07:45:13 PM |
|
Don't depend on news for a means of predicting the price at all times. It may work at times but nothing is certain. I recently came across a thread on the forums and the user stated the recent dip was common at the end of the month. I forget the name of the member or section it was in and I'd rather not guess.
I didn't look into the claim myself but a quick read of thread and nobody disputed the claim from what I'd read. So maybe that has played some role in the price. Maybe others are aware of this and taking it to their advantage point is don't depend on the price doing what you expect it to do all the time. Bitcoin has proven time and time again to be elusive when it comes to making accurate price predictions. I don't expect the price to go very low but who knows, we could dip and all of a sudden shoot up out of nowhere to an all time high.
|
|
|
|
howardb
|
|
July 30, 2014, 08:09:03 PM |
|
Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.
Please provide evidence of this whale dump. Thanks.
The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price. It's might not be obvious, but we have proof that someone dumped a ton of btc. 1. Around 4k-5k BTC dumped, pushes price to $591.49. 2. Around 2k-3k BTC dumped, pushes price to $575.80. 3. Arond 2k-2.5k BTC dumped, pushed price to $568.05. There were more dumps on various exchanges, but i'm too lazy to look at that. Yeah i've been following that too. BTC is being manipulated downwards at regular weekly intervals, often going for the quiet gap between US going to bed and China waking up when market is least liquid. Probably someone playing contracts for difference or other bitcoin derivative. An unregulated market is bound to be subject to this kind of manipulation, and what a great way to launder stolen bitcoins by dumping them on market to depress price, whilst simultaneously taking profit out of put type derivatives!! There is also an argument that they are trying to trigger collapse by invoking margin calls. Either way, best way to protect yourself against these crooks is don't overleverage, and don't sell no matter how low it drops!
|
|
|
|
valvalis
|
|
July 30, 2014, 08:12:06 PM |
|
good news would not affect the price of Bitcoin, but the bad news will make the price of Bitcoin dropped.
|
|
|
|
pawel7777
Legendary
Offline
Activity: 2450
Merit: 1570
|
|
July 30, 2014, 08:12:19 PM |
|
The Dell thing was a big news among all the bitcoiners, but don't think there was any massive coverage in the main stream media. Also, those things usually don't cause the immediate effect (of price rise).
In my case, it took me something between 1-2 months from the moment I first heard of bitcoin and thought: "I need to check it out" till I actually did check it out.
It's not like thousands of people unfamiliar with the BTC gonna learn all about it and buy it within few days after hearing some news.
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
|
July 30, 2014, 08:22:02 PM |
|
Why is everyone so impatient? Just relax, these things take time. If you were a billionaire, you wouldn't definitely just be like: 'Oh Bitcoin is cool, let me just invest a billion in it'.
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
|
|
July 30, 2014, 08:25:06 PM |
|
Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.
Please provide evidence of this whale dump. Thanks.
The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price. It's might not be obvious, but we have proof that someone dumped a ton of btc. 1. Around 4k-5k BTC dumped, pushes price to $591.49. 2. Around 2k-3k BTC dumped, pushes price to $575.80. 3. Arond 2k-2.5k BTC dumped, pushed price to $568.05. There were more dumps on various exchanges, but i'm too lazy to look at that. Yeah i've been following that too. BTC is being manipulated downwards at regular weekly intervals, often going for the quiet gap between US going to bed and China waking up when market is least liquid. Probably someone playing contracts for difference or other bitcoin derivative. An unregulated market is bound to be subject to this kind of manipulation, and what a great way to launder stolen bitcoins by dumping them on market to depress price, whilst simultaneously taking profit out of put type derivatives!! There is also an argument that they are trying to trigger collapse by invoking margin calls. Either way, best way to protect yourself against these crooks is don't overleverage, and don't sell no matter how low it drops! My guess is Ethereum. They are dumping the BTC sold for ether.
|
|
|
|
|
byt411
|
|
July 30, 2014, 08:36:11 PM |
|
I haven't really been following the Etherum news, but that's a lot of BTC. If they dump it lower than market price, it will plummet quite a bit. I hope they don't.
|
|
|
|
dexX7
Legendary
Offline
Activity: 1106
Merit: 1024
|
|
July 30, 2014, 08:40:18 PM |
|
Yeah i've been following that too. BTC is being manipulated downwards at regular weekly intervals My guess is Ethereum. They are dumping the BTC sold for ether.
You two (or rather three) miss one point. The further the price moves from where it was, the more action there is. You'll probably notice high volume peaks in most support and resistance zones.
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
July 30, 2014, 08:44:12 PM |
|
Bitcoin will experience a slow but steady growth over the years. Not everything keeps going up. So what? Buy low, sell high
|
|
|
|
pawel7777
Legendary
Offline
Activity: 2450
Merit: 1570
|
|
July 30, 2014, 08:45:29 PM |
|
I haven't really been following the Etherum news, but that's a lot of BTC. If they dump it lower than market price, it will plummet quite a bit. I hope they don't. That's a lot, but will likely be much more. Their IPO period is pretty long. And can't imagine them dumping it all at once, that would be pretty stupid move for them. It's suppose to be a serious, transparent, long term development project (not some anonymous get-rich-quick BS), so they will likely release the funds slowly.
|
|
|
|
flashChocolate
Newbie
Offline
Activity: 1
Merit: 0
|
|
July 30, 2014, 08:52:56 PM |
|
Looks like an initial sell off before a big price rise to me, probably someone profit taking, it often happens note how there's a double bottom forming you have to wait and see whether it levels out now.
haven't there been multiple bottoms by now? we seem to break all of them!
|
|
|
|
kingama
Member
Offline
Activity: 94
Merit: 10
|
|
July 30, 2014, 09:04:41 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
this happened in october. what you are finding is that popularity is rising. but the cost of mining is rising too. and ill explain the chain reaction right now miners and investors who bought at $600 are pulling out their bitcoins and hoarding causing a volume drop. this means the investors who are using day trading buy,.. risking their stash to buy (usually keeping price up by creating buy walls) are not there. and although volume has shrunk, the fall in price has not been big. in october we seen the $125 turn into below $100 (forgive bad memory) this was when ASIC mining started and miners were seeing higher electric costs, so were not gonna sell at a loss, thus pulling out coin... like now. that was a 20% drop (which if done today would see $650 turn into $520). ok so there are some dumb people selling, but as we can see its a slowwwww movement which i dont see a problem with. because what comes next once the dumb investors have ran out of btc to sell. is that they will buy. and then even they should have realised their initial losses to not sell again at a loss, causing even them to hold. then as i said there is less and less bitcoin to sell. meaning buyers will have to start eating up the sell wall, causing a price rise ( a price correction atleast. and they wont sell for a loss, so new buyers will continue to buy the increasing sell order prices.. one thing is for sure, if your waiting for bitcoin to be $1-500 think again, id treat this as the moment you buy in below $600 before it starts to go to $700-$1000 soon. but thats my opinion I like franky1's analysis. I'm hodling.
|
|
|
|
Beliathon
|
|
July 30, 2014, 09:28:42 PM |
|
Who cares ? Bitcoin doesn't exist to make english-speaking first-world pukes like us slightly richer than they already are.
We have everything, even the poorest among us have running water, electricity, decent food, ACCESS TO BANKING, and internet access.
There are like 4 billion people on this planet who lack some or all of the things I just listed. Bitcoin is for THEM, not for you.
Check your privilege.
|
|
|
|
ferda2mx
|
|
July 30, 2014, 09:52:36 PM |
|
That seems to be the going theme lately. I guess it could be looked at both ways...it could mean that there are going to be less and less knee jerk reactions to news in the market. It will be interesting to see if we still say stable on pricing if we are hit with some legitimate bad news.
Actually, more companies accepting Bitcoin can cause the price to go down, since they basically just sell all the bitcoins they get paid via Coinbase or BitPay. So yeah, it might be that too. This I thought as well, the -10% from dell when using Bitcoin is a good reason to spend some BTC there, thus lowering the Bitcoin price because dell insta sells the Bitcoins...
|
|
|
|
Fiftysven
Newbie
Offline
Activity: 38
Merit: 0
|
|
July 30, 2014, 09:55:43 PM |
|
Just see it as a privilege, for discovering this amazing technology early u might make some easy money and even if u dont, then u still got the technology. Win/Win
|
|
|
|
jjc326
|
|
July 30, 2014, 10:03:09 PM |
|
Just like the stock market and even more open to manipulation than the stock market because the "market cap" of Bitcoin is rather small. Sometimes you don't know why people decide to buy and sell. It could be something like buy the rumor sell the news, where people sold when there wasn't a big pop after the Dell news.
|
|
|
|
cryptopaths
|
|
July 30, 2014, 10:06:45 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
What you have to understand is bitcoin is a clusterfuck not really in a bad way though. The price fluctuates up and down but it doesn't neccesarily correlate with good/bad news.
|
|
|
|
jjc326
|
|
July 30, 2014, 10:13:08 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
What you have to understand is bitcoin is a clusterfuck not really in a bad way though. The price fluctuates up and down but it doesn't neccesarily correlate with good/bad news. Well, sometimes it does. Like when the crap in Cyprus was hitting the fan and they were literally taking money from people's bank accounts, I think a lot of them were taking their money out of the bank and buying bitcoin with it. Or else, other people around the world were doing that because there was a fear that other countries would do that. They can't take "money" that you turn into Bitcoin!
|
|
|
|
jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
|
|
July 30, 2014, 10:30:17 PM |
|
Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure. Please provide evidence of this whale dump. Thanks.
The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price. It's might not be obvious, but we have proof that someone dumped a ton of btc. 1. Around 4k-5k BTC dumped, pushes price to $591.49. 2. Around 2k-3k BTC dumped, pushes price to $575.80. 3. Arond 2k-2.5k BTC dumped, pushed price to $568.05. There were more dumps on various exchanges, but i'm too lazy to look at that. Kprawn is right to be skeptical. There is no way to know by looking at those graphs if the volume was due to one person selling or a thousand people selling. You need data showing what orders were filled, and that might not even be enough. you could look at shorter term charts to tell, but its mostly irrelevant whether it was 1 big whale or many smaller trades. Speculators are selling...yawn.
|
|
|
|
BtcGains
Newbie
Offline
Activity: 38
Merit: 0
|
|
July 30, 2014, 10:34:44 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
It's been $570-$580 for a few days now, the price for good news usually jumps within a few days of the news being released. When more people hear about it people buy in, the buy in just hasn't occurred yet or probably the news isn't that big so not many people bought in = tiny or no price rise.
|
|
|
|
ekstremista
Jr. Member
Offline
Activity: 37
Merit: 1
|
|
July 30, 2014, 10:38:04 PM |
|
It's might not be obvious, but we have proof that someone dumped a ton of btc. This chart seems to demonstrate the same shenanigans pulled in the gold market to crash the price (i.e., dumping large volumes recklessly instead of spreading over time to maximize profits). Whether it be central banksters, CRIMEX colluders or HFT parasites coordinating some sort of long/short scam, this shows that BTC might not be immune to manipulation any more than other markets. Sure, this cannot be kept up in the long term, but the short term can be illogical and ugly.
|
|
|
|
LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
|
|
July 30, 2014, 10:46:06 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
always noobs post that kind of topics
|
|
|
|
beetcoin
|
|
July 30, 2014, 11:34:07 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
always noobs post that kind of topics yeah every time. the price of bitcoin is important, but i think for some bitcoiners, that's all they really care about.
|
|
|
|
byteberry (OP)
Member
Offline
Activity: 180
Merit: 10
|
|
July 30, 2014, 11:40:09 PM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
always noobs post that kind of topics yeah every time. the price of bitcoin is important, but i think for some bitcoiners, that's all they really care about. Hey i am not a noob, i haven't knowed that NY want to create a License for Shops so i was confused that the Price was dropping, i have no problem with the Price i bought my Bitcoin when they was 50 Dollar.
|
|
|
|
byt411
|
|
July 31, 2014, 06:34:39 AM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
always noobs post that kind of topics yeah every time. the price of bitcoin is important, but i think for some bitcoiners, that's all they really care about. Hey i am not a noob, i haven't knowed that NY want to create a License for Shops so i was confused that the Price was dropping, i have no problem with the Price i bought my Bitcoin when they was 50 Dollar. Still a noob, price isnt "dropping", it's just going up and down like it always does. It's never stable. That's something you should know if you've been around here long enough.
|
|
|
|
leezay
Full Member
Offline
Activity: 363
Merit: 100
SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN
|
|
July 31, 2014, 06:58:40 AM |
|
Price is getting weaker for the last 2 weeks.
Bitcoin needs to be fueled by good news to keep it at current level.
|
|
|
|
fran2k
|
|
July 31, 2014, 10:47:58 AM |
|
Price is far but directly correlated to news.
|
|
|
|
Anduck
Legendary
Offline
Activity: 1511
Merit: 1072
quack
|
|
July 31, 2014, 01:29:08 PM |
|
I guess the biggest factor in the price movement currently is 'the miners.' Remember that they have to pay for electricity (maybe at least a third of mined bitcoins need to be sold for this cost.) Approx 25 bitcoins per 10 minutes, including difficulty increasement.. I'd say about 4000 bitcoins are being generated every day. Over 1000 bitcoins need to be sold. Everyday there must be at least this much buying pressure too.
Also we should remember that most bitcoin-accepters really just exchange the bitcoins straight to fiat currency. This makes a lot selling pressure.. Every day.
|
|
|
|
maker88
|
|
July 31, 2014, 07:35:51 PM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news. I don't have every day time to read the Bitcoin news. I also have a life between NYC and Europe, so it is not easy to be every day online what's it like being the only jetsetter without a cell phone?
|
|
|
|
ekissane
|
|
August 01, 2014, 12:31:18 AM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news. I don't have every day time to read the Bitcoin news. I also have a life between NYC and Europe, so it is not easy to be every day online what's it like being the only jetsetter without a cell phone? +1 LOL
|
|
|
|
byteberry (OP)
Member
Offline
Activity: 180
Merit: 10
|
|
August 01, 2014, 12:38:28 AM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news. I don't have every day time to read the Bitcoin news. I also have a life between NYC and Europe, so it is not easy to be every day online what's it like being the only jetsetter without a cell phone? +1 LOL I have a Smartphone, but in NYC I have no Internet access only if I find a open Hotspot or I go to Starbucks
|
|
|
|
mr angry
|
|
August 01, 2014, 06:58:29 PM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news. What do you think the price will have done by Monday? It's either going to remain roughly the same, or go significantly up or down. I can not predict which it will do, but maybe someone with more experience can.
|
|
|
|
byt411
|
|
August 02, 2014, 12:53:04 AM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news. What do you think the price will have done by Monday? It's either going to remain roughly the same, or go significantly up or down. I can not predict which it will do, but maybe someone with more experience can. I expect it to stay within the $575-$590 range, or go above $600. At least that's my opinion, since it really makes no sense to stay this low. DISCLAIMER: Do not act based on my opinions. I will not be held responsible for any decisions you makunder my opinion.
|
|
|
|
maker88
|
|
August 02, 2014, 12:57:06 AM |
|
they're pretty good opinions though
|
|
|
|
Febo
Legendary
Offline
Activity: 2730
Merit: 1288
|
|
August 02, 2014, 06:05:44 PM |
|
Where are you getting the info on the Whales? Is this reflected somewhere in the blockchain? Then I have missed it somewhere for sure.
Please provide evidence of this whale dump. Thanks.
The blockchain doesn't know anything about bitcoin's 'price'. You can see these things when you see the trades on bitcoin exchanges. If they coincide with some news being released, it's pretty obvious what caused a rise or fall of the price. It's might not be obvious, but we have proof that someone dumped a ton of btc. 1. Around 4k-5k BTC dumped, pushes price to $591.49. 2. Around 2k-3k BTC dumped, pushes price to $575.80. 3. Arond 2k-2.5k BTC dumped, pushed price to $568.05. There were more dumps on various exchanges, but i'm too lazy to look at that. Yeah i've been following that too. BTC is being manipulated downwards at regular weekly intervals, often going for the quiet gap between US going to bed and China waking up when market is least liquid. Probably someone playing contracts for difference or other bitcoin derivative. An unregulated market is bound to be subject to this kind of manipulation, and what a great way to launder stolen bitcoins by dumping them on market to depress price, whilst simultaneously taking profit out of put type derivatives!! There is also an argument that they are trying to trigger collapse by invoking margin calls. Either way, best way to protect yourself against these crooks is don't overleverage, and don't sell no matter how low it drops! Who would that be, Maybe lives on Hawaii?
|
|
|
|
Mobius
|
|
August 02, 2014, 10:46:31 PM |
|
The price has never been stable. What are you talking about? It's people shitting their pants over the BitLicense crap. Who cares, but some big whales do, and they dumped like 1k BTC and made the price go down. It was months stable ever about 480 to 500 euro. Never heard for BitLicense No, that's not stable at all. And no, it wasn't at 480 EUR to 500 EUR. ($641-$669). Highest was $670, lowest was $560 for the last month. Seriously. That's not stable at all. Never heard of BitLicense? You must've been living under a rock, please read the news. What do you think the price will have done by Monday? It's either going to remain roughly the same, or go significantly up or down. I can not predict which it will do, but maybe someone with more experience can. Without any news, the prices of most financial assets will not change very much over the weekend as the weekend is not a traditional time to do business and trade. Additionally most announcements by businesses are made during the week. Long story short, it is unlikely that the price of bitcoin will change very much on any given weekend.
|
|
|
|
anderl
|
|
August 09, 2014, 02:04:34 AM |
|
Hello everybody,
In last week's there were many good News about Bitcoin, normally the Price would go to the Moon #Dell. But it goes every day down and down, also the Price is not anymore Stable, the Price goes 1 Step Up to fall hours later 2 steps down
What you have to understand is bitcoin is a clusterfuck not really in a bad way though. The price fluctuates up and down but it doesn't neccesarily correlate with good/bad news. I don't know who you are kid and I don't know what I want but your following a dangerous path.
|
|
|
|
|