So it's lost half of its gains since early August. Bitcoin almost defines volatility.
Bitcoin dropping after BTC China said it is closing
21–30 of 182 posts
Re: Bitcoin dropping after BTC China said it is closing
#22Earlier quoted context omitted.
I got some ETH at $230-$240 range but it would not surprise me if we see a $170-$180 range (next resistance level) the next hours.
Same here. I'm trying to figure out how to short ETH. Unfortunately, I'm a noob and don't know my way around.
P.S.: GDAX is owned by Coinbase
Re: Bitcoin dropping after BTC China said it is closing
#23> The cryptocurrency traded at $3,601.40 at 7:58 a.m. in New York, far below an all-time high of $5,013.91 set earlier this month. That's a 28% drop from the high. For normal securities a price drop like that in less than a month would be considered a crash. Does it count for BTC as well or are the elevated levels at the start of the month with too thin a volume to be considered legit?
Re: Bitcoin dropping after BTC China said it is closing
#24Earlier quoted context omitted.
Same here. I'm trying to figure out how to short ETH. Unfortunately, I'm a noob and don't know my way around.
If you use coinbase then you should try to login to GDAX with same credentials. It just works and the fees are like 0.25% per trade. P.S.: GDAX is owned by Coinbase
Re: Bitcoin dropping after BTC China said it is closing
#25Earlier quoted context omitted.
Resistance level? It's 2017 and you still believe technical analysis BS?
what is a better way to decide on buy/sell signals for cryptos in your opinion? Genuinely curious.
Anyone who thinks they can figure out buy/sell signals for cryptos right now is a lunatic.
Re: Bitcoin dropping after BTC China said it is closing
#26> The cryptocurrency traded at $3,601.40 at 7:58 a.m. in New York, far below an all-time high of $5,013.91 set earlier this month. That's a 28% drop from the high. For normal securities a price drop like that in less than a month would be considered a crash. Does it count for BTC as well or are the elevated levels at the start of the month with too thin a volume to be considered legit?
For an entire index, that would be a crash. If AMD dropped from 10 to 7 in a month, that would be bad news, but pretty normal.
Re: Bitcoin dropping after BTC China said it is closing
#27Earlier quoted context omitted.
Resistance level? It's 2017 and you still believe technical analysis BS?
what is a better way to decide on buy/sell signals for cryptos in your opinion? Genuinely curious.
2. Shut the fuck up about "signals" and "trading"
3. Build cool apps around the crypto ecosystem
4. See more and more people using cryptocurrencies
5. profit
Re: Bitcoin dropping after BTC China said it is closing
#28Earlier quoted context omitted.
Resistance level? It's 2017 and you still believe technical analysis BS?
what is a better way to decide on buy/sell signals for cryptos in your opinion? Genuinely curious.
Re: Bitcoin dropping after BTC China said it is closing
#29Wow, check out all the related stories, etc. CNBC really don't like bitcoin do they?
It's no secret that BTC fans tend to take offense at even small insignificant stories criticizing BTC. They will flock to CNBC, register accounts to show who is the boss. So what do networks do? Fan the flame and write even more stories de-riding BTC. Because any publicity is good publicity. The BTC fan reaction at that point is a forgone conclusion.
Re: Bitcoin dropping after BTC China said it is closing
#30Earlier quoted context omitted.
I got some ETH at $230-$240 range but it would not surprise me if we see a $170-$180 range (next resistance level) the next hours.
Same here. I'm trying to figure out how to short ETH. Unfortunately, I'm a noob and don't know my way around.