Quote from: LoudA__ on December 30, 2017, 09:40:50 AM

Quote from: cydrick on December 30, 2017, 05:53:24 AM

Quote from: pearl11 on June 01, 2016, 11:56:59 AM

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

I buy bitcoin then one day goes down my money gets wrecked

This is the reason why you need to look in the price since bitcoin is so volatile and it is all depend on the law of demand and supply, since a lot of people sold their bitcoin at the price of $19K, the price is now having a dip and now at $13.5K. But as far as I know, the price usually goes up after this kind of dump, maybe there are other things that the price is staying at this price.

The danger in expecting this as a rule is that when it doesn't happen, everyone who thought Bitcoin always had to go up after a fall will lose a lot of money for their foolish expectations. Nothing in the world is guaranteed to go up in value, so why people think Bitcoin is a special exception continues to baffle me. People are so wrapped up in their emotional attachment to Bitcoin that they ignore how poorly the coin actually functions these days. The mempool is overflowing with unconfirmed transactions and fees are averaging $35 now to get your transactions through. How on Earth is this an improvement from fiat, or an economical way to transfer value? Perhaps Bitcoin never recovers to a new high at this point because the coin is not competitive to all the alts that do a better job at being Bitcoin than Bitcoin itself. I believe 2018 has a decent change of a flippening. As to what coin that will be, I don't know. Ethereum and Ripple are good guesses, and Bitcoin Cash is a good third alternative. But I will be surprised if one year from now Bitcoin is still the largest crypto by market cap.