Author Topic: Will 6,000 Hold This Time? (Read 564 times)

Ozark · « **on:** October 13, 2018, 07:00:55 PM »

Bitcoin lost almost 5 percent in minutes on October 11th, dragging altcoins down as cryptocurrency markets followed stocks in a fresh tumble.

$13 BILLION DISAPPEARS IN 30 MINUTES

Data from Coinmarketcap captures a sudden slide for BTC/USD taking the pair down over $400 in a 30-minute window beginning around 11:00 p.m. on October 10th.

By 12:00 a.m. EST, Bitcoin (BTC) $6276.42 -0.1% had reached a low of $6087 – a maximum drop of $470 – while managing to sustain support to keep trading above the $6000 barrier.

On social media, commentators scrambled to find a cause for the sudden volatility impacting the market.

As Twitter account Whale Alert noted late Wednesday, events followed on from a transfer of over 15,000 BTC to an unknown wallet in a single transaction, sparking suspicions about market manipulation. More here.

Altcoins Talks - Cryptocurrency Forum · « **on:** October 13, 2018, 07:00:55 PM »

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wokee12 · « **Reply #1 on:** October 14, 2018, 02:53:22 AM »

Yeah no more dump after reach 6000 dollar price, dump season will ended soon and market come back to green. Hope it like past year

robelneo · « **Reply #2 on:** October 14, 2018, 05:21:22 AM »

Market manipulation is already existing since the start of Bitcoin trading and every coin has their own whales and Bitcoin is not an exception, we will see more of this in the future and I doubt if it will stop it exist in every financial market.

Puncak_pelangi · « **Reply #3 on:** October 15, 2018, 01:38:18 AM »

it's true that bitcoin has a slight price decline in seconds, and we should take the opportunity to make a purchase and hold it back.

Bica · « **Reply #4 on:** October 15, 2018, 05:30:57 AM »

The spread of cryptocurrency depends largely on whether the classical stock exchange accepts coin trading. Basically, it concerns Wall Street. Many investors hope that the use of this monetary system on the exchange will make the currency stable and, accordingly, the best monetary addition. At the same time, large corporations and millionaires will begin to invest more actively in cryptocurrency.