Bitcoin Forum

This is how the crypto market works and no one knows on how long all this blood bath will end. This is a shake for the weaklings so for those people who bought this shake and they ride the panic then that's something that they should learn in the future. At this moment there's nothing wrong if you'll just stay calm and don't panic at all because everything is going to be fine again maybe not tomorrow or next week but next year.

We've been off a terrible week ever since monday. I doubt that this can last very long at all because overall, i think that the chances of bitcoin making a comeback after this and breaking the $20k barrier is extremely high in my opinion.

My advice to new traders: Don't panic sell in these scenarios. 9 times out of 10 you'll regret it. And that one time you won't regret it eventually price will go back up anyways after a while.

If you see 5 straight red days like recently, then you know that it is probably a good time to buy, since imo it's hard for bitcoin to break $10k and keep going down so anything below $15000 is a great pickup.

People will definitely start buying bitcoin soon again. When bitcoin starts going up, we'll see the alts start going down. If you have thoughts about whether or not bitcoin is right for you while it's in the red, then maybe you shouldn't even have gotten into bitcoin in the first place. Volatility is a major part of the coin itself and it is what makes bitcoin bitcoin. When the alts go up, bitcoin goes down because people are letting go of their btc for other alts. BTC will re surge when people realize there won't be an opportunity to buy at this price soon again.

It is really hard to predict for now the movement where bitcoin will go down, This is really a bloodshed and we can not control it, But certain whales may manipulate the price growth and drop, but they can not control on how much it can drop, Let's just hope it finishes quickly so we can see a bullish trend again and we can make it to the $20,000 value this time or more.

I really do believed that this drop of prices bitcoins and altcoins has something to do with the holiday season. People are just cashing it out. So I'm expecting that the price could drop a little as we approach Christmas. However, for people who are arguing that bitcoin is too expensive, then this is your time to buy while it is still cheap.

I thought that we can really today and see stop the bleeding, but I was wrong. Crypto is really hard to predict, too much money on the line now that when someone see's big selling orders on the way, everybody panics causing a domino effect.

Let's see how it goes, I think it will just be a matter of time before we see cryptos' going green again.

https://i.imgur.com/MbR73GY.png

I dont get it. Where is all this red you're talking about?

Their's manipulation happening again and many whales are busy watching for the price dip coming on bitcoins right now, And people should brace theirselves and not to get panic for this thing since I'm sure we will gonna see some huge changes for this upcoming days since manipulators would pump again the BTC for their own gains and we must ride with the dump and accumulate more with this time.

This bitcoin price are so red and if how long the answer for that is we dont know yet. My predictions maybe by january price of btc will rising that time. Many users now are into observing the market to buy btc in the dips.

We are currently experiencing a big dip affecting Bitcoin and even other alts. This can be the best Christmas gift to all Bitcoin holders and is sending the message that what goes up can also go down...but wait the story does not end there...because Bitcoin can go up and down again and again. Bitcoin has been dead many times over but it has that amazing ability to get resurrected. We just have to calm down, hodl on, smile, drink some coffee and maybe sing some Christmas songs from time to time. Let's spread the news that Bitcoin will be back surging again in due time...it is just making some rest and gathering the needed energy to do another big bull run -- again!

Bah... this is normal... always the same... after a high climbing it follows a slightly/moderate diving... always and always the same... don't panic  ;)

Yes, investors or traders will take time to buy now as this is almost everybody has been waiting for. With the movement of crypto now everything has been affected and this is not the first time that it did happened to crypto. On these times just like what I said is we have to be calm especially those newbies out there or else they will be included to the shake of the weaklings since whales prefer doing this when there's enough increase and it's good for taking out profits.

The price shoot up by over 20x within one year and people are freaking out when it got dumped by around 20% overnight LOL

There are many whales who were driving bitcoins price for really long time and now they are cashing out profit, they will jump in again when they will find some reversal signal which might take few months.

Indeed, but think about this thousands new investors, they don't know that and whales are playing with them, as they always do... For us of course it's nothing. (as long it doesn't down under 10k)

The red indication seems to get lower little by little. In particular the growth happening around the cryptocurrency network got disturbed today morning. Now once again the value has begun to grow and might turn into a green indication at the earliest. In particular ripple seems to show positive growth for a longer time period than other assets.

It's absolutely a normal pullback correction, "green & red are inseparable directions in any market , so no worries ( even if it is an exaggerated correction ) .
Remember this : in order to go 2 paths forward, it's advised to go backward first

Ripple rising so fast. That's so obvious, isnt it?

Right after CME starts, and with miner support. The miners and bcashers were used, of course, as BCash is also falling.

Unconfirmed transactions keep piling up: https://blockchain.info/en/unconfirmed-transactions and I dont think its all spam this time. Its people trying to get out.

I think it can go until 8k, but I might be wrong. Maybe this sparks a bear market, who knows.

I think we're getting close to bottom.

Look at the 12h chart. The massive Dec pump vol started on 12/5 @ $11,740. That was only 3 weeks ago.

Might even touch $10k or even worse for all we know, and apparently this is just the sweetest time to cash out for those traders who profit really well since it's Christmas and New Year is also on the way. Retrace to $10k would be nice as it will kinda slow things down for a bit, and honestly, even sub-$10k is still okay as long as it holds not unlike the bear market of 2014 where everything just turned to shit. All my alts portfolio are also in red, good thing I've only got 10% of my bankroll on them.

We can't tell, just looking at the momentum, it might last until the end of this year.

Why do we get all this questions. Like when, how . No one can answer this , just sit thight and for sure sooner or later it will bounce back to a new ATH

If you have been around bitcoin for more then 3 years you should know how  it goes up and down

Exactly. I'm sure those who are asking are only looking for the answers they would like to hear which means theyve got a lot to learn about being self-sufficient.

for me i was thinking bitcoin will be about 9000$ by the end of 2017 now we have more than 9000$ all things is good.

it is better to buy more bitcoin

In my opinion, it will be red for a few more days something like maybe 2 or 3 days. And then after that bitcoin will go up first and then altcoin will follow. Lots of people have strong hand in my opinion I think most of the people bought less than a bitcoin because the price is very high already and they probably invest what they can afford to lose. Bitcoin is not going to go very low last before

It's more a crash than a correction, but like the general opinion, I don't think it's something to be much worried about. We saw the same situation back in 2013 or 2014 (i don't remember well). And a good indicator is that not only bitcoin is crashing, altcoins do as well. I just hope it won't fail under $10,000.

I find it weird that it happens exactly after the introduction in the CME, I was excepting the opposite