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Quote from: wizardofoz113 on November 24, 2019, 10:44:37 AM

Quote from: eryc_tct on November 13, 2019, 02:36:48 PM

Bitcoin did a lot of craziness last past weeks and what my attention went to this last 2 days is Bitcoin pumped and dumped in an expected way what's going on with it?!
Just found out on a tweet that it does a madness, you can check out the tweet:

https://twitter.com/TechnicalCrypt1/status/1194624162800652288

Disgusting BTC making me insecure !

I think some western traders already cashed out for Christmas sooner than previous years lol. BTW, according to what I read, some whales tried to create FUD (Binance office raid, China ban more crypto exchange..etc..) to accumulate more BTC. Besides, some China ponzi organizations sold on Huobi and Okex leading to this severe dump.

Quote from: pixie85 on November 15, 2019, 04:12:14 PM

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This is normal since the introduction of leverage trading. When you could only sell in anticipation of the dump the market was more stable but now every move can trigger an avalanche of bot sales and liquidated shorts. That fast move up and down looked like a short squeeze attempt.

Somebody wanted to liquidate people so he bought a lot of coins to pump the price but it didn't go very far and he saw that and sold everything he bought minutes earlier.

Quote from: Pearls Before Swine on November 13, 2019, 06:17:23 PM

Quote from: DannyHamilton on November 13, 2019, 03:29:12 PM

Perhaps you mean 11/12/2019 (November 12, 2019)

I'm sure he meant the above and that he was writing the date in the european style, which I'm also not used to.
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Quote from: eryc_tct on November 13, 2019, 02:36:48 PM

Disgusting BTC making me insecure !

You sound like you might have more invested in it than you can afford to lose if these price swings are driving you crazy. Maybe you should reevaluate how much bitcoin you own so you can keep your sanity, because this past week hasn't been any more crazy than a lot of other times in its history. Plus, this kind of volatility is going to be a part of bitcoin and altcoins for the foreseeable future.

I wasn't into bitcoin in the early days, but by looking at the chart I can see that those were probably the most insane times imaginable, right up until Mt. Gox crashed. And I do vividly remember 2017 and how wild the market was then. It was going up, so everyone was euphoric but it can also go the other way too, and just as fast.

I agree, it's full of swings and roundabouts and that kind of turbulence should be expected to continue. I've no doubt that Bitcoin is the most solid investment to be made still (Ethereum not too far behind) but its not for everybody... ive seen a few guys already lose their shit with every dip.

Quote from: star99 on November 16, 2019, 12:46:54 PM

Quote from: pakhitheboss on November 13, 2019, 04:41:20 PM

Bitcoin is known for its volatility. There nothing crazy about it. Historically Bitcoin has been more volatile than what it did on Nov 12th. If you go back and check the price of Bitcoin for the last two years, it has outperformed.

The current price of Bitcoin is $8800. If you. Heck the price in the last two years it was:

2018 12th of Nov - $6371
2017 12th of Nov - $5950.

There is an increase of $2850 if I consider the price of 2017. Therefore everything is going in the right direction. Stay positive..

You said it right. Bitcoin may go up or down 20 % in a mater of few hours.

Yep. Totally agree with this also.
We could even see higher percentages than that on average as the commercial banking world gets more and more involved in trading.
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