Bitcoin Thread

[Vox Populi Vox Dei]

Any good/sensible explanation for current weakness in BTC price?

 

[Hamish McPanji]

Any good/sensible explanation for current weakness in BTC price?

This is gambling, and we all know it. You are dealing with people's whims here.

Maybe people are selling because they have to pay rent in a couple of days. Or because special offers in the shops

 

[Kloofvreter]

This is gambling, and we all know it. You are dealing with people's whims here.

Maybe people are selling because they have to pay rent in a couple of days. Or because special offers in the shops

But Chinese New Year

 

[biometrics]

Any good/sensible explanation for current weakness in BTC price?

You could ask the same as to why is it still so high?

 

[Kloofvreter]

You could ask the same as to why is it still so high?

:crylaugh: WHy is it not $0.5?

 

[Vox Populi Vox Dei]

You could ask the same as to why is it still so high?

All about your point of reference.

 

[SaiyanZ]

I think there is also price/bot manipulation at play. Eg. Just now on a large exchange like Bitfinex, all it took to move the price from 10.2k to 10.3k was about 20btc. That's not much at all for a 1% price change. Bots are helping push the price up/down without having their trades go through by placing and removing orders.

Edit: Ignore that. I was was looking at Bitstamp instead of Bitfinex. No wonder the movements looked odd.

 

[CryptosEra]

^ It's true tho... bots manipulate the price all the time, and everywhere.

 

[Gtx Gaming]

Any good/sensible explanation for current weakness in BTC price?

Might be, because the futures contract is closing soon, the whales manipulate the price.

 

[TheWall]

So...to buy or not to buy?
Going up or down?

Or how low will it go?

 

[Sensorei]

We are going lower. HODL if you didn't sell before the dip! Everything will be fine.

 

[Kloofvreter]

We are going lower. HODL if you didn't sell before the dip! Everything will be fine.

But $1000 bubble pop

:crylaugh:

 

[SaiyanZ]

The $9.8k wall on Bitfinex is quite strong. Lots of people buying there as it kept growing whilst people sold.

 

[*SynergyX*]

The $9.8k wall on Bitfinex is quite strong. Lots of people buying there as it kept growing whilst people sold.

one more test and it could break.... tap...tap....boom

 

[Sensorei]

When you think you're doing ok trading bitcoin and then you see this:

 

[Temujin]

When you think you're doing ok trading bitcoin and then you see this:

*faints*

 

[balrog]

https://chimaera.io/

I have a feeling this is gonna be big....

 

[saor]

https://chimaera.io/

I have a feeling this is gonna be big....

Dude...Why do you keep posting non Bitcoin stuff in here? There's threads for altcoins and ICO's etc.

 

[SaiyanZ]

When you think you're doing ok trading bitcoin and then you see this:

Would be useful if we can see the amount they're trading with. 3000BTC profit is not much if you started with 10000BTC.

 

[Sensorei]

Would be useful if we can see the amount they're trading with. 3000BTC profit is not much if you started with 10000BTC.

#1 angelobtc gained over 700 BTC in the last week... Insane.