Good News but Price drops ?

[jjc326]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

Price is getting weaker for the last 2 weeks.

Bitcoin needs to be fueled by good news to keep it at current level.

[fran2k]

Price is far but directly correlated to news.

[Anduck]

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]

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]

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]

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]

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]

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]

they're pretty good opinions though

[Febo]

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?