Bitcoin Forum

My guess is hitting 10 000 was a milestone for a lot of people and it went as high as 11.5k+ earlier today then a whale sold off or something and here is the problem with a bunch of people who own a % selling.. they create a snowball effect and others panic and get scared and start selling. How low will it go? No one knows as for long term hodlers you have nothing to worry about : ). So just hold
Disclaimer: this is not financial advise trade at your own risk

Don't just HODL... I'm buying :D!

The news came out that the nasdaq will accept bitcoin futures, and can play to lower it, because it is set to it negatively

Broke $10000 yesterday then broke $11000 today. Probably rose too quick so falling back until price recovers again.

I'd say your description is about spot on, I think it'll find a level about 8500 and maybe close out in the low 9000s by the end of the day. Too much money and too much hype never ends well. It will be interesting to see how people react to this 2k drop in a matter of hours, for many it will be the first time they've seen such volatility.

Simplest answer you can get here: bitcoin is speculative currency and speculation bubble popped. There is correction of Bitcoin price. Coinbase is unavailable too. It always happens during dumps.

The fall is not going to last very long, bitcoin to go back up to where it was earlier very soon and hit $15,000 soon. Just HODL 8)

Might be a good time to buy while its at a dip. Usually it dips then comes back at an all time high within a week or two.

Litecoin and ether are falling too. Not sure why but I'm sure they'll all be up again tomorrow. It's the time to buy!

It wont go up if previous pump was artificially created by eastern guys, you know who.

And if that is true, we will go down this time, way more down then just to, for now, $9k per BTC. Wild wild east?

All coins are going down simultaneously .. may be
something weird happened

Well, I guess everyone is trying to protect themselves from the fall and are selling at market. Great contrarian moment, I must say. Of course, for those who have the nerves and some market experience.

In my opinion, this is a slight correction happening. Big whales having a massive selloff, others are panic selling, some are taking profit. It is the best opportunity to accumulate more and prepare for a take off next month to start the year 2018 at a new all time high price of bitcoin.

Nothing strange has happened to my opinion. In one moment today Bitcoin price crossed over 11000$ and then many thought that price will go all the way to 15000$ but I would say this minor correction was expected and maybe the price will fall a bit more but this is not time to sell and don’t sell, there is no reason for that. Buy if you can because soon the price will start to rise again.

Whales taking profits.

Even more so whales taking profits and feeding off peoples fear and inexperience to then buy back at a lower price. It is the same thing that has happened time and time again only this time it's larger dollar swings. Bitcoin pumped to over 11k with very little actual volume and it seemed only a matter of time before such a correction.

Bitcoin rose very fast over $11,000. Now some whales are taking profit. It is a normal correction. I believe we will see more ATHs this year!

Maybe this is the price correction we've been waiting for or maybe just a normal fall back after surging up quickly. So I guess no need to panic, never mind those big fish who sold there BTCs, that was part of their strategy to make an income. We have to remember that each of us has our own target when to sell and until when to hodl it. It may have a big effect on the current price but we know that it will recover and fly to the moon again until another peak will be reached.

This is maybe indeed the price correction we've been expecting to occur. However I'm not so sure. It might be an early one while the major correction will occur later on. The reason bitcoin is dropping like this is because its rising way to fast...

Why? Try free markets. Try correction was inevitable. Try people are cashing out. Take your pick but there are tons of reasons why the market is doing this at the moment. Don't panic though let it happen it is only natural and eventually bitcoin will come back up. It may take a few weeks or a month or two but it will come back up. Slowly but surely the death of BTC isn't today.

There's always a dip when an all time high is reached. Profits need to be taken by some investors. It will bounce back.

The pump was increasingly abnormal ( ie : the fast price growth was somehow in unhealthy way ) which leads to an obligatory correction ( which is happening by the dumped price) , so don't worry, because it's very natural evolution in such volatile market

In my opinion, Bitcoin is already so well developed that every drop will be a very big revolution. Currently it is worth about 11k so I do not think anything has changed so diametrically.

China is investigatigating p2p exch,ban around the corner,read today coindesk and market is overbought

In the last few days some people indeed make a speculation to buy bitcoin ,
That's make the price escalate so quick , no other reason i am sure ,
And everytime the moment like that happened people will always try to take the golden opportunity to escape from the bubble by sell it at the highest ,
Which it's happening right now , the dump causing market get flash crash from $11,000 to nearly $9,000.

Was going to buy but ofc Coinbase is down...  >:( this happens often? :)

Don't worry people, this is just a phase. looking at bitcoin history, a bearish trend is healthy for it's growth. This what I believe is happening. Aim for $13k next! This will make other financial institutions notice BTC and its future so they'll join in, making btc price skyrocket!

It's interesting to see just how dramatically and quickly these moves can happen.  It really does seem like all it takes is a few whales to take some significant profits, and then it immediately becomes falling dominos, people who were quite comfortable just holding and letting it ride suddenly start thinking, "This could come down a few thousand, it's time to lock in some large profits and let it come down and buy back in later".  And of course, multiply that mentality by several hundred thousand people and you have a "flash crash", a self-fulfilling prophecy.  How fast one can get in and get out becomes an important consideration.  I'm not a trader so I'll just wait and if it does come down a LOT I'll will be very excited to buy more.

Bitcoin falling after reaching a tremendous all time high is very common. It is an inevitable to see some holders to sell some of their BTCs after reaching a certain target. This is just the way it is so just bear with it.

In every community, there will always be those who have weak hands and are playing always on the safe side. So if a so called whale began to dump, some weaklings follow and watch the domino effect.

For the record, it is good for Bitcoin to go down once in a while. This way, some will continue to buy when Bitcoin had its corrections.

Remember the main rule - there is can't be constant growth without any correction! Now lets see the bloody tears of greedy persons.

Dont worry. It always happen like that. It will definitely regain its value. May be for next one or two weeks , its price will remain the same . But after that its price will definitely cross 11000 dollars. What happened now is just price correction. Actually there is no setback for bitcoin. You just hold your coins in your wallet. Thats it .

There has been a rumor about that bitcoin will fall around $3500 - 4000. It is now $8700 which is a big fall.

Im gonna wait until $4000 then I can buy.

I hope it will drop to 5k or something (even though at that rate I will make a red value!). I was just reading and investing when the big bubble came. To little money in it from me to take full advantage of the big flow up. So wait for my investments and fly Ro the moon  ;)

what a load of crap. if you have 3 dollar to spend go buy candy.

correction will be around 9000

It's the operation Dragon Slayer, no one believed me but i told you guys, Roger Ver and his friends have a plan to kill Bitcoin and replace it by Bitcoin Cash. Bitcoin will dump to 1000

Yeah, can I borrow your time machine?

Good one dude. I share your opinion here and I feel that this expected correction is healthy for bitcoin and the crypto world on the whole. The current rally by bitcoin seems way too artificial and you must be cautious before investing into bitcoin right now. My idea would be to stay patient and HODL whatever bitcoins you have since 2018 might be even better than 2017 for altcoins.

Might be a quick peek on the price, just keep holding your coins we sure going to witness another price increase very soon. When the price has reached $11,000 then people have take the cut on the profit as in this current week there are many new traders have joined the network I hope they enjoy this price increase. Because Soon we are going to have more of this. Keep holding and buy more of the Bitcoin as you can.

I dont know maybe this is a reason for the current dip. China again ban bitcoin. https://www.coindesk.com/china-state-tv-otc-bitcoin-platforms-may-violate-regulation/ (China State TV: OTC Bitcoin Platforms May Violate Law - CoinDesk)

The standard situation. When the price overcomes the round level, it is pulled out as high as possible, and then everyone sells it. And so every time. There is nothing to be surprised.

it's because yesterday bitcoin rises too fast as many buy bitcoin, and also bitcoin owners are sensitive to bitcoin. and it affects the bitcoin price.

In my experience the faster the run up the steeper the correction. Unless there is something truly crazy going on Bitcoin will settle at a low somewhere in the 7 to 9k range, hang out there for a while, and then start climbing again.

Another thing to keep in mind: Bitcoin tends to drop in the weeks leading up to Christmas. I think a significant number of Bitcoin holders sell off a bunch to shower their loved ones with great gifts to celebrate.

So... if you have some extra money lying around as Christmas gets closer, you might get Bitcoin at a good price and see your holdings grow nicely over the few months after Christmas. It's happened before, but not guaranteed to happen again. Only put in what you can afford to lose.

Why then is  Bitcoin Cash falling as well?? I'm about to sell mine.

Finally some normalization, it was 8k a week ago, 9k two days ago, 10k today and even went to over 11k. Thats insane,healthy correction is needed....

A simple answer to the question is because I bought some and as soon as I do the price starts falling. In all seriousness it probably has more to do with people cashing out at 10k. It's good profit for some one that invested only a few thousand a couple of years ago.

Absolutely and if we see charts and previous trends, its already happening, already seeing small recovery happening after hitting low of USD 9295 ..

With this current higher price value of bitcoin nowadays I am able to see it that falling below $9000 might happen after the price surges at $10k. Regarding nasdaq acceptance of bitcoin I don't believe that they can play to lower it, because its been speculated already like china banning and no one succeed for that black plans. Bitcoin's negative speculations has brought its price to further rise even better, although the falling of its price really affected due to more dumps happening because the idea of selling bitcoin at higher price is their.

If the smart money wants to buy more Bitcoin Cash , they need to buy it cheap, once the bitcoin arrives at 1000, BCC will start to rise and then you will see how easily replaced bitcoin will be

As I said before Bitcoin is due for a correction. The price history showed us that that bitcoin doesn't just go UP, instead it makes strong rallies then suffers a correction which is completely normal. Bulls needs to rest before taking the price to another level and also bears must be fed from time to time. ;)

You are not alone so I feel for you! :P 

So I should hold? Or sell, take a loss and then buy back?

Bitcoin is pivotal to all other altcoins, whenever it nosedives all other altcoins do the same.

That's how bitcoin is volatility works, we saw it at $11,000 and now it's getting lower because of the correction. When whales are cashing out, expect that weak handlers will do the same especially those people who are FOMO. This will make bitcoin healthy so this is normal and everyone has been waiting for this.

I'm guessing that 10k has become the new base amount for bitcoin given the steady rise thus far. As the most valuable crypto coin so far, i don't see any investors dumping bitcoin in both the short and long term. So going back to 9k is almost impossible.

True, normally when the bitcoin is increasing like there's no tomorrow you had to be attentive to it's charts. What I do is sometimes even when I'm sleepy I don't want to miss any single peak on it, I learned from my past mistakes. And so the correction has happened for the quick increase of what made bitcoin did but after this correction expect that it will pass what peak we've seen, yes it will pass $11,000.

Bitcoin Cash BCH is much, much more falling than Bitcoin!

There can be no endless growth, especially given that several strong psychological levels have been broken through.
Correction should have been, it is inevitable.

That's true, I'm just hoping for semi-endless growth... ;)

Didn't expected that there is a huge price drop will happen today that i thought 11k will be new price resistance.. but in just few hours the price was drop.. if i know that it can be happen maybe i sold my few bitcoin just to get the benefits of the price from 11k and buy bitcoin today.. and made a few profit right now..
But as i can see in the market right now more traders are buying more bitcoin but more traders are selling that i think its affected by panic selling..
Well i think it can be recover again increase back to 11k above maybe this following month we will see huge price increase again..

It seems to me that Mosley has such a huge pump whales should count their income. As soon as they identified with the consequences of their unprecedented operation, they will determine the strategy. The psychological barrier is passed. They can easily push in a few hours the price above $ 12,000.

hahah no. Futures can't affect Bitcoin's price because they don't touch Bitcoin. If anything another exchange adding Bitcoin Futures is bullish as it gives more credence to Wall Street adopting direct investment of Bitcoin next year through ETFs and hedge funds offering it.



Anyways, this is just a normal correction as was expected. The correction this in June/July and September took a month or month in a half to come back up. But the last one a few weeks ago only took 8 days from start to finish because buy pressure is just getting insane now. I'm guessing this correction will be ever shorter lasting until we hit new ATHs at $11,500.

will probably be in the $13k-$15k range by end of year.

$10,000 was a milestone, but as i suspected, we went significantly past it before a correction. gotta margin call them bottom shorts first! but yeah, definitely a big profit-taking level. but i think it's just that: profit-taking, not "the top."

we're now forming an epic spinning top doji on the daily chart (2 hours away from the candle close). if bulls can close the day like that (or push even higher), i'm confident that $9000 was the low and we are going higher.

remember, as long as the parabolic trend is in effect, all you get is one dump. no retests, no double bottoms. then consolidate or V bottom to new highs. this will crash hard eventually, but there was still less volume on this dump than on november 7th. i don't think people are ready to sell off yet.

LOL BTC is back up at 10k again. I guess "Operation Dragon Slayer" failed after just a couple of hours.  ;D :D

Always expect a correction on the price everytime it was on a crazy pump. The moment it reached $10,000 it was expected so nothing new here. Plus if we look on the current price movement, the dip was not staying for long time and it keeps on bouncing back. It swings as normal and this a good sign that the resistance is building at above $9,000. The support was great so surely the bitcoin price will get back the momentum again.

$9,000 as new bottom? Let' see.

Nothing new, BTC back at $10000 lvl now. Don't panic ppl. move on

It's probably just correction, which makes sense after we plowed through such a huge barrier at 10k. Honestly, I didn't think that we were going to make it past 10,000 as quickly as we did, but it just so happened that it was pushed to the side super quickly. Of course, with that strong of a push in growth, there is bound to be an fairly strong push in the opposite direction with corrections and people selling their BTC to drop the price and buy more later too. Whales rule these exchanges; I can assume that a lot of them were involved.

I'm just curious to understand how Bitcoin, Ether and Litecoin had the exact same graph on Coinbase.

There was also a mention of 100,000+ wallets being created over the Thanksgiving weekend on Coinbase.

Also, today they shut down the exchange when it looked like Bitcoin was crashing and then called it maintenance.

Something smells fishy here...

in recent days, growth has greatly accelerated, the correction was predictable. by the way, it fell not so much

What do you mean by the "exact same graph?" Just that their prices are correlated? That's nothing new. Virtually everything in this market is positively correlated to BTC most of the time and especially when BTC sells off hard. I would expect BTC/LTC/ETH all to dump at the same time, regardless of any metrics about 100k new users a day.

I don't know if GDAX going down was a result of the API/engine dropping off or if they triggered a circuit breaker. BTCUSD hit the $8500s on GDAX, lower than any other exchange. They may have shut down trading to prevent a flash crash.

Bitcoin again 11.000 USD at BitHumb. However, why there is such a big difference when I compare this exchange to others? There are no arbitrage trades between those exchanges? 

The growth from earlier today was unhealthy and had nothing supporting it.
Sure, Bitcoin will reach $11, maybe $12k in the upcoming week or two, but any overnight spurt is surely to trigger a sudden downfall.

This looks common, because when price increase takes place at some point the price used to stabilize getting lowered in value. Now too the same is happening, and by this time you can feel a panic wave among the users. This can also be of a manipulative measure from the whales for profiting.

We did not understand anything about bitcoin today
Down then rise Then the same thing again  :o
Trading is not nice today

We only know at what price bitcoin will stable?

dont panic
!! turn backkkkk
may be 11k

I agree probably 12-13k by the end of this year, still worried people might sell off at Christmas.

It depends on you , if you believe in this rumor, then the only thing to do is to sell, buy low, and then buy Bitcoin Cash

Whales just did a fast tirck to get profits.
Now we will see further more downwards around 8k usd. It will start on USA timezone as same yesterday.

What do you mean ? If they tricked someone, it's the weak hands who sold at 8k after buying at 11k, so now it should rise again or stay stable around 10k

Bro it's the spectacles beauty of bitcoin.I think many traders had sell their long term holding bitcoin and most of the investors.In any assets,if the reverse buying is happen means,i.e.selling is happen means the price of that asset is obviously reduce.This is the answer for your doubt,don't worry it will again move to 10,000$+ with in today.

why price increasing  ::) ::) ::) why we break 10,000$ range ::) ::) ::) ::) why incrase to 11,000$ ::) ::) ::)

bitcoin not need any reason to increase/decease so track price Buy/Sell and hold other

It is because they securing their profit investors don't want to lose their profit already and they are making some trad marks once the price of bitcoin already reach the prediction and they always following their own guts example once the bitcoin each $10k dollars today i my self i want to secure my profit and im going to exchange my bitcoin into fiat and wait again for the price to decrease and then convert it again to bitcoin to make another profit once the price of bitcoin rise again.

If you dont panic you will not be affected by that matter by a matter of time it will probaly go back into $10000 again and it will settle for that i think. Keep holding unto it dont loose hope bitcoin will manage somehow.

Whales didn't start selling off, the price was a "planned target" as when it was hit, stops were reached and many (whom you think that have created a snow ball effect) are looking to be the reason why this went to 9k after that rally (looks like continuous snoozing was stopped once they decided to wake up). It's gaining and that's good, but it's ridiculously gaining over which makes it look like an extremely risky investment instrument and everyone who got in recently, I am sure they are out now because they were in for a reason and it's pure profit on others' speculations.

Well now that bitcoin price is decreasing, it is the time to buy more bitcoin because for sure it will go back and increase again. And for those who has bitcoin, just hold your bitcoin and don't panic sell, it is just for a moment and soon it will rise again.

I do not know, there may be some news that makes people who have bitcoin, sell bitcoin they have. well, but the price is really down at a low price. but this is also a great opportunity for investors.

Well, I would caution you "don't fall" atm. This might not be the same and could be different where we may really see some active correction taking place in the markets as bitcoin managed to rise more than 11x in a year and I guess it's done for this year, so expecting it to revert back at those high prices during this year is like throwing an arrow in the dark. Investors are currently taking out their profits and they may decide to stabilize bitcoin for longer term just like it maintained after 1k crash.

does every little move of BTC has to have a thread like this? this is just noise and 1000 maybe...
we're still up 50% on the monthly chart...calm your tits

That's why bitcoin trading consider as risky investation, unlike wall street trading.
I think it's normal when bitcoin reach the top peak , it will start to decrease and they will adjust based on global market and will start to rise again in another month.

Yes it's entirely different from of wall Street trading.In bitcoin trading you need of patience to succeed.Wisely use the both end,when the price moves to the peak do sell.If it's price is fluctuate to low value buy new amount of bitcoin.Because you know it will again raise greater  than old peak.

Bitcoin yesterday hit the 11000$ mark but now it has again dropped down to approximately 9000$.The reason for this drop is the people who sold there bitcoin's. The price was really high last two days so the people in order to get maximum out of that rise sold there bitcoin's which caused the price to fall.

Yes indeed when bitcoin prices go down it is because many people sell bitcoin, maybe for those who already sell bitcoin. already feel enough with the price they want, But as we know, bitcoin will rise again and will be higher after the decline because the price is unstable.

Not all of those who sold their coins are satisfied with that price. There are many traders who earn money in this way. They sell and they will buy again at lower prices.

Yes indeed this is something which we have been witnessing from long time as these kind of decrease are just temporary and panic sellers are losers most of the time so it's better to acquire more bitcoin during these period and then hold it for longer run to earn more profit.

Such a parabolic rise is not possible without some pullbacks. This one was quite a small and short one. There will possibly be some consolidation before going higher.

Guys listen to my sad tale

The automatic price trigger option at an exchange betrayed me >:( I set that to sell at 10000 but it sold my coins at 9400) when it was falling rapidly ... I had to buy back my bitcoin at an increased price again as a result lost 0.2 bitcoin  :'(

learned an expensive lesson I guess

My predictions are that will below right around 8,000-8,500 in the beginning of December let's say around December 1 - 10 and the start of the up rise of bitcoin price will be 11,000 - 12,000 US dollars by December 15 for sure it will increase in demand because during that time people will have their salary and most likely will have their bonuses and benefits.

The sharks are coming. The whales know it and they are having their last enjoyment with speculation.

Bitcoin will always be King, the faster it falls the faster it was rises and beyond

Of course, there's no such thing as continued parabolic rise. At certain point, it will go to a pullback which is natural. No need to panic here. $9700 is still a good price for me.


I saw someone said that a bankers made a controversial announcement that's why bitcoin made a pullback in the last 24 hours. But I doubt that his statement made others panic and push the sell button. CEO of the USA Investment bank, Lloyd Blankfein made an attacked, again I don't think his statement has weight. Yes, let's just look at positively, its a perfect time to buy and enter the market again and get bitcoin at a discounted price.


It only makes sense to really cash it out at the price of above $11,000. Its a mental barrier that most investors can't resist to sell and take home profit. But I'm sure that those who cash it out and getting into the market again and accumulating bitcoin as much as they can in this dip.

Many are saying and i think also is the reason why Bitcoin is falling, because of investors sold their bitcoin during the season of bitcoin with high price in past few days. Investors are taking their profits, so in result the value of bitcoin goes down.

Supply and demand baby, that's what's suppose to happen, that's how traders earn the bucks, and holders dump.

Many people must have started selling their coins for higher profits and I think that is the right thing to do as not selling and holding at that time will take away opportunity from you of making higher profits but I think now many people will start buying it again at lower price which will take price again to higher level in coming days.

hey guys!! can u see it. btc is over 11k. like we told:))

People were liquidating at the threshold of $10k. But now, it certainly looks like that the demand outstrips supply. 11k as I type this now.

Yup it was a matter of time tbh, I'm glad it's not increasing rapidly slow growth is always nice I wonder what'll happen on xmas will people sell off to get gifts to their family/close ones? or will they get money and buy more bitcoin or both?

The demand has been far stronger than the supply this entire year. Every dip gets bought up by people who were waiting to enter the market at 5-10% discount rates, which they use to average down their initial buying price. It's insane how far we have come where even the average joes start to get excited about crypto currencies, which is something a few years ago was completely different. YouTube for example has been exploding with insane number of crypto related videos, which is helping big time as well. These people are slowly but surely accumulating Bitcoin, which basically means that we can expect this demand to remain strong for likely a lot more years.

price maybe back next days because many will try to buy gifts (high supply and low Demand )

Tha battle between traders, whales and the demand itself is what's causing the flactuation of prices, there's nothing that can predict the market except the flow of buy and sell. My BTC is stock for years and I will hold it till it is a 100k$. Trading BTC on the other hand is so scary because you need not to sleep to monitor the prices, the changes of dollars is terrefying every seconds. Without proper knowledge on trading you are just going to lose. Also I can't afford to lose anymore BTC. I have been trading it  when the it's price is low but now? Man. Losing some BTC in trading is like losing a month of work. And I can't take that anymore.

Crypto enthusiast guys knows on what would be the decision there gonna drop when christmast days comes and surely they already had money to spend since some of us have separate funds for that eve and crypto will be out of business for that matter. And the one I think is bitcoin would pump more since the demand is increasing and although there's a little bit correction comes the demand will surpass it and this one could make bitcoins pump for more.

Welcome back to to world, BTC almost hitted 12k today and now we'r waiting for another downswing.
Hope to make some ez bucks again like very time it's price rocket.

It is conventional behavior of bitcoin no need to worry about this bitcoin will recover soon this is just because of who sold at 10k and their replacement has already in action people are buying already and a lot of people are those who are still holding till the more higher prices and this rise and fall continues because people buy & sell and this bring more profit so take it as normal and price will be again above 10k.

Wow you are very sure that bitcoin will reach $ 15000, I think it still takes time. Because currently the bitcoin price is still in $ 12000 price range.
Maybe this will increase in the next year, yes I agree with you hold is the best way.

agreed , for bitcoin long term holder dont get panic sell , just looking forward with bitcoin price.
many people see bitcoin price falling then their panic for sell their bitcoin , and waiting for lower price then buy again , this a wrong way , when u waiting for lower price but bitcoin pumping more than your selling price ?
ah dont get scared , just hold and trust yourself  :D bitcoin is very popular now , and i hope the price will more than $14.000 then choose sell or hold again for long time , just looking forward about bitcoin trend up.

Same drop happened earlier today It went as low as in the 12 thousands but It's back at 15000 now. I guess the price correction was expected as it hit 17000 I wonder if it's going to get corrected tomorrow.

What has happened seems to be something as an opportunity missing. As in the thread if the price is expected to be around $9000 surely more and more people who have been holding for years. If not, only possibility is to change the dress.

I think the reason why falling bitcoin is that the price of bitcoin is now below mining cost for a lot of mines.  Once you have mines close down,

they tend to unload their stored bitcoin, which causes a chain reaction.  My sense is as of 1/19, that chain reaction is over and prices have

stablized. Personally, I think that the future of bitcoin is very bright.  However, that does not mean that the price of bitcoin will go up or down.

Bitcoin is a very useful medium for exchange, and I think that people should invest in companies that use bitcoin, but not in bitcoin itself.