Bitcoin drops sharply and suddenly

Discussion in Cryptocurrency

Updated December 7, 2024

Top Posters

SMCJB with 3 posts (4 thanks)
mattz with 2 posts (7 thanks)
Grantx with 2 posts (1 thanks)
Philip Hutchinson with 2 posts (0 thanks)

Best Posters

mattz with 3.5 thanks per post
Big Mike with 2 thanks per post
tr8er with 1.5 thanks per post
SMCJB with 1.3 thanks per post

7,449 views
21 thanks given
6 followers

Page 1 of 2

1

Search this Thread

Bitcoin drops sharply and suddenly

September 5th, 2018, 10:11 AM	#1 (permalink)
Bloc10Fintech Atlanta, GA Posts: 12 since Aug 2018 Thanks Given: 2 Thanks Received: 9	Bitcoin dropped sharply Wednesday, falling $500, or about 5%, in just over an hour. Other cryptocurrencies fell even more sharply, with both ether and Ripple's XRP losing about 12%. There does not appear to be a clear catalyst for the sell-off. businessinsider.com/bitcoin-price-cryptocurrencies-drop-no-explanation-2018-9

Can you help answer these questions
from other members on NexusFi?

Czechia Live at 52.5% as England Rides 4-2 Wave to Co-Fa …

Prediction Markets & Event Contracts

I Have a Thing Called Iran -- Trump Stays in DC as Airsp …

Prediction Markets & Event Contracts

The June 15 Resolution Trap: Irans Agreed Text Still Pri …

Prediction Markets & Event Contracts

Beijing Summit Closes: Xi Pledges Hormuz Help -- $1.14B …

Prediction Markets & Event Contracts

Peace Deal Forward Curve: May 22%, June 51%, December 81 …

Prediction Markets & Event Contracts

Best Threads (Most Thanked)
in the last 7 days on NexusFi

NexusFi site changelog and issues/problem reporting

10 thanks

Darmok and Jalad at Tanagra

3 thanks

Big Mike in Ecuador

1 thanks

1 thanks

September 5th, 2018, 10:53 AM

#2 (permalink)

mattz

Posts: 2,494 since Sep 2010

Thanks Given: 2,442

Thanks Received: 3,801

Bloc10Fintech

Bitcoin dropped sharply Wednesday, falling $500, or about 5%, in just over an hour.

Other cryptocurrencies fell even more sharply, with both ether and Ripple's XRP losing about 12%.

There does not appear to be a clear catalyst for the sell-off.

businessinsider.com/bitcoin-price-cryptocurrencies-drop-no-explanation-2018-9

Don't tell this to the "hodlers". For them, any move down is "fud" moved by "whales" who want to steal their Unicorn ICO.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]

Reply With Quote

Thanked by:

Grantx, JBWTrader, JohnS

September 5th, 2018, 03:00 PM	#3 (permalink)
Trailer Guy Aguanga, CA USA Elite Member Experience: Advanced Platform: Ninja Trader 8 Broker: IB, NinjaTrader Brokerage, Schwab Trading: ES Posts: 227 since Sep 2014 Thanks Given: 73 Thanks Received: 403	Check your news feed. Goldman cancelled development of a crypto trading desk.

Thanked by:

Bloc10Fintech, Rrrracer

September 5th, 2018, 05:25 PM

#4 (permalink)

Grantx

Reading UK

Legendary no drama Llama

Experience: None

Posts: 1,776 since Oct 2016

Thanks Given: 2,830

Thanks Received: 5,065

mattz

Don't tell this to the "hodlers". For them, any move down is "fud" moved by "whales" who want to steal their Unicorn ICO.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

What's 'fud'?

Reply With Quote

Thanked by:

September 5th, 2018, 05:37 PM

#5 (permalink)

mattz

Posts: 2,494 since Sep 2010

Thanks Given: 2,442

Thanks Received: 3,801

Grantx

What's 'fud'?

Crypto traders have their own lingo. FUD is fear, uncertainty and doubt.

Another expression they use is "To the Moon!"

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]

Reply With Quote

Thanked by:

Bloc10Fintech, Grantx, JBWTrader, LDog

September 5th, 2018, 05:44 PM	#6 (permalink)
SMCJB Houston TX Legendary Market Wizard Experience: Advanced Platform: TT Stellar & Tradestation Broker: Primarily Advantage Futures Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto. Frequency: Many times daily Duration: Never Posts: 5,242 since Dec 2013 Thanks Given: 4,586 Thanks Received: 10,533	500 up, 500 down. Back to where it was Friday!

Thanked by:

mattz, Rrrracer

September 6th, 2018, 01:59 AM

#7 (permalink)

Big Mike

Manta, Ecuador

Site Administrator
Developer
Swing Trader

Experience: Advanced

Platform: Custom solution

Broker: IBKR

Trading: Stocks & Futures

Frequency: Every few days

Duration: Weeks

Posts: 50,669 since Jun 2009

Thanks Given: 33,669

Thanks Received: 102,577

Tom Petty has a great song that captures this...

Sent using the NexusFi mobile app

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread

Reply With Quote

Thanked by:

JBWTrader, JohnS

September 6th, 2018, 02:58 AM

#8 (permalink)

Grantx

Reading UK

Legendary no drama Llama

Experience: None

Posts: 1,776 since Oct 2016

Thanks Given: 2,830

Thanks Received: 5,065

mattz

Crypto traders have their own lingo. FUD is fear, uncertainty and doubt.

Another expression they use is "To the Moon!"

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. past performance is not indicative of future results.

Weirdos.
What does whale and unicorn mean? And I presume you meant to spell it 'hodlers', I thought you had mispelt the word 'holders'.

Feels like this needs a meme.

Reply With Quote

September 6th, 2018, 03:49 AM	#9 (permalink)
tr8er Europe Elite Member Experience: Advanced Platform: SierraChart, BookMap Trading: ES, CL, 6E, 6B Posts: 686 since Jan 2017 Thanks Given: 230 Thanks Received: 728	a old stock-trader strategy is BUY and HOLD, for crypto-traders you can translate it into BUY and HOPE

Thanked by:

Philip Hutchinson, Rrrracer, sam028

September 6th, 2018, 11:31 AM

#10 (permalink)

SMCJB

Houston TX

Legendary Market Wizard

Experience: Advanced

Platform: TT Stellar & Tradestation

Broker: Primarily Advantage Futures

Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.

Frequency: Many times daily

Duration: Never

Posts: 5,242 since Dec 2013

Thanks Given: 4,586

Thanks Received: 10,533

SMCJB

500 up, 500 down. Back to where it was Friday!

and then down another 500!

Reply With Quote

Thanked by:

Page 1 of 2

1

Last Updated on December 7, 2024

NexusFi

About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top

no new posts