Bitcoin Forum

I notice quite a big drop in the last few hours.  Is this just a short term thing for a few hours and it will pick up again back to normal.  Or will it go much further down into a big crash.   

Why yes, it IS a short term buying opportunity!   ;D Time to buy.

Right now no one can predict anything about Bitcoin.

I think those rich whales should set up a fund and give to those poor people who have lost a lot of money.  Why don't they do this.   

Don't worry mate. It is very usual volatility of bitcoin. According to the fibonacci retracement it can come down till 8000usd. In case it doesn't break that level downward I don't see any problem.

Well its looks like that we are on another market price correction. It's the 3rd time for this month if I'm not mistaken. We have seen similar corrections in 2016 and 2017, 2-3 in the month of Jan.

Again, when the price is going down, its likely that more investors will try to pick up a few bitcoin because the price is cheap. So in hindsight, its not bad as you might think.

One must take advantage of every situation to get bitcoin at a discount, and this is another golden opportunity to all of us.

Its the end. Doomsday ahead.

No crash is very bad for bitcoin. It has survived worst cases than the ones we are seeing lately. Well today the person who predicted 3 years before that bitcoin would reach 10.000 dollars in 2017 just predicted that bitcoin during this year will be 50.000 dollars. Of course this is only speculation but he was right once so maybe he will be again. I am saying this to clear that this kind of threads are not really useful and do not spark any good discussion at all. You either believe in bitcoin and do not care what happens to its price or you are a hypocrite claiming to believe in bitcoin but at the first obstacle you start saying all kind of things.

I hope it drops to $100. I got my $100 ready.  ;D

No predictions can work at this moment but this is very good opportunity for investors to buy and add to their investment. The present conditions may not be favourable to those that buy at a very high before now but patient will help them overcome the present condition.

Some fucking retards in this thread, wish I could De-Merit.

I think it is a short time crash. Don't panic, it's normal. This is the time to buy for those who are ready to have big profits

I have heard it is due to the South Korean government reopening allowing their citizens to use their exchange accounts again since they are telling them to verify them ALL for KYC verification and treat them just as their own bank accounts which they have those verified for their own use to send and receive funds too.
Them with alot more users then expected are causing the markets to crash.
This is what I am assuming what happened cause it's the only major occurrence that has happened in the past 24 hours concerning to bitcoin in the current frop from high $11's last night to this below $9's that it is now.
A nearly $2,000 drop in 24 hours? :-X

Last crash bitcoin had lasted more than i expected.I thought that bitcoin would jump back from 14k USD which was a good support but it didnt happen.New support is 11k usd I hope that it will bounce from this line.We need bitcoin to pump it up

No, I don't think it is a long term drop and that it would drop even furhter. It might just recover it's value again in the next few hours or maybe a few more days. It could actually fall down, I can't actually predict, but recently whenever it dropped a little bit like this it had recovered again and I think something similar is going to happen this time. So, I think holding would be the best option.

i cant see it dropping below 10k for to long .That of kind of where the the support wall is

who loss is little traders who always panics when whales play with bitcoin price. i think we all must learn this mistake and never do this . so bitcoin price wouldn't drop a lot like this  again

I think it will not go much further down into a big crash and it wil recover soon. Price up and down is the basic rules of crypto currency. Price down don't means to crash. Don't be panic. It will pick up again and back to normal soon.

If you look at the global market,the entire stock market is bleeding because of the fear of increased rates and that is reflecting in the crypto currency platform too,i am sure the rally we had in the digital market is mainly because of top fund houses dealing in stock exchanges too and therefore if they book their losses in the stock exchange they might book their profit in the crypto currency market to make things even and may be so is the reason the entire financial sector is bleeding today.

I think that is the only reason for the purchase. Now, large investors and bitcoin goes to the moon. Look at what is happening, first banned bitcoin, and ICO, then like reviewing the ban, start again to resolve. Who purchase, he will be in the future, in a nice profit.

Why? The whole idea of price manipulation by the bankers is to create debt. Why would they want to reduce this, when they can enslave people by increasing their debt.

The current price crash is due to Bitfinex being subpoena'd by US regulators over Tether.

Wait until they lift the lid on exchanges and start doing some audits, the shit is about to hit the fan.

First of all this is not a crash. Correction of few hundred dollars can't be called crash and certainly isn't a reason to worry and to panic. Situation that we have seen many times before.
Everyone who can should use this opportunity to buy cheaper coins now for biger future profit.

Without large price fluctuation and volatility, crypto loses some of its allure to traders.
Bitcoin very much so.

Becasue satan needs a global one world system and digital money is the way to make everything exposed
no tax evaded

You wouldn´t worrie about crashes If you had only invested in what you can afford to lose.

Ok, first, this is not crash, i'm amazed that no one has said so, a 10% or 20% decrease in the price is merely a drop. Second, how are we supposed to know what exactly is going to happen? nobody knows what's happening right now, and nobody knows how long thing drop is going to last. And finally, rather than getting worried, everyone should start buying the dip.

I feel you bro, but among the spammers there's people that actually think this is a crash and they might be worried so we should try to help them understand how this thing works.

This is one dip of many that we have seen during the last few weeks. It always ended somewhere close below 10000 dollar. After that we saw the recovery set in again. This time we have once again a nice new doomsday theory for bitcoin, the Tether scam. Maybe it will keep the price down a little longer but ultimately it will vanish into thin air like all those other rumors did.

this is a very bad occurrence for bitcoin.
I think the price will rise again, but can not be predicted when the price will recover. people who want to invest are very happy to see bitcoin prices go down because they can buy as much bitcoin as possible at a cheap price.

I don't think it is a crash or something.It is just a small correction and will be settled in few hours only but one thing is for sure that this time is very critical for bitcoin and its investors as i think this is a make or break period for bitcoin and from now it the prices goes high the will climb up for some time and if they again went down they'll be at the ground for sometime.Soo hope for the best and hope the prices goes high only.

I don't think so that price of bitcoins will go much down it would probably stay between range of $10k to $11k.I don't know why people start panicking when there is drop in price I know that they worry about their assets but most people panic sell which would be worst decision.Instead take opportunity of the drop and if you can invest more in low prices.And the drop in price was due to correction of the price it was not a crash.

Yeah, was looking for the source of all this dumping and I found out about the US subpoena. This will drastically impact the price once again. We have been in a chaotic ride this month. So expect another wild swings in the next coming next days. Just saw the price go below $10K, but regain it quickly.


Technically this not a crash. This correction is really another opportunity to get into the ecosystem. No need to wait for the price to go deeper, $10K or below for me is a great time to buy cheaper bitcoin and hold it for the long haul.

Nobody can tell if this is just a short term drop, are you worrying about this?

This is due to tether's subpoena which is I don't know if its a FUD, I guess but there's a sure thing that after this drop it will increase again.

Keep on watching and tract the prices so if it bothers you and you are scared already, sell.

It is very bad if you are a naive investor who buys when bitcoin has skyrocketed, because you think it will keep going up non-stop, and sells out of panic in situations like this. For me and many others, it is a great opportunity to buy.

I am not too worried because I only have a very little Bitcoin.  But I am worried about people who are losing a lot of money.  It is very frightening when people are talking about selling their house to buy Bitcoin.  I truly hope nobody will do that even if the price goes down a lot.  I will buy some if it does.

I also think that this is very bad, because it is a clear sign of the distrust and uncertainty that prevails in the market, and I think it is also a sign that new investors no longer set high expectations regarding the future of bitcoin, since they are not considering long-term holding as a valid option and only look for quick investment returns, which could end up undermining people's interest in continuing to rely on cryptocurrencies and lead to a period of market stagnation.

Some have said it can go down to $ 8 thou mark but not lower than that. But I can't see any links related to this conclusion.
Though it's an opportunity for everyone to buy cheaper right? Those who are saying that they missed the boat.

Though I don't mind the price, sometimes it makes me curious too. Any news ?

Bitcoin is making a new low with every price correction. If this scenario keeps on continuing than People can lose their faith on BTC as an investment which will lead to the further worst situation. This crash has really given a big HIT to whole crypto market. I hope this HIT is not that big enough which lead to permanent injury or death of BITCOIN or crypto world.

I think END means ZERO mate.
Don't see anything wrong with the prices. We should celebrate, many investors will surely be attracted with the cheaper price.

Try to calm down.

It's a bit funny that you are opposing bitcoin's capability and your still here.
It's BITCOINtalk dude.

I don't think that we could call this small decrease a "crash". There have always been such events where Bitcoin price decreased quite a lot without any particular reason. Right now many people are afraid to invest because they think that the end of cryptocurrencies is close. They have no idea what they are talking about. Bitcoin won't die anytime soon. In fact, the interest in it will continue to grow in the next few years.

The market is very volatile at the moment, so no one exactly knows what's going to happen next.

Looks like a buying opportunity though.

I've been wondering, why bitcoin got into this level of price. Man, it's very low. But I think it is the effect of a big community loss in korea and china. It indicates that the bitcoin got into greater supply and also got into lower demand. the lower the price tends to fall. Hopefully it would reach the moon again.

We will see.  I still think the bottom in this market will be around $8,000.  I thought we had seen a recent low around $9500, but it looks like we need to test the bottom once again.

It has gone up again so that will be a relief for many people.  But I was wondering what would happen if everybody wanted to sell and the exchanges for Bitcoin ran out of the money to pay them.  Or could that just not happen?

I do not feel crash now so bad, I think this is still in normal occurrence and still sure will be able to rise in the near future. The bitcoin price will crash the lowest I think $9k I do not think the price of bitcoin crashes is lower than that.

yes, we do not need to panic with bitcoin conditions today. this condition will run long. and short-term fluctuations will continue to occur below. but will not achieve destruction. because bitcoin still has some high volume and lightning network, so it will make it defence.

I really don't think it is a correction, since it lasted this long over the course of the day.

It has to be because of what is going on with Bitfinex and their tether crap they were feeding everyone for lunch a year ago.

I think this is just the beginning, and the bitcoin crash will continue.
Recently, bitcoin will continue to fall and become even lower.
I wouldn't choose to buy bitcoin right now.

Bitfinex and Tether says what an invitation to the court came to them in December, and it regular situation.
For panic on the market we owe the mass-media

Before you all start getting in panic because of every dump, just think about the past. Bitcoin was at thousand dollars exactly one year ago. So en of november everybody was predicting that bitcoin will be ten thousand of end of the 2017, which will make a x10 in one year. But it came a little bit different and it rises to twenty thousand because of the hype. Now it dumps to ten thousand, which is still very much, but everybody is goin crazy because it was on almost twenty thousand. So an advice for all you newbies: Just chill, relax and hodl. Actually its just a normal correction. To the start of the year Bitcoin price dumps always. So just wait and look what will be in 3 months!

Since the beginning of this year, the crypto market has taken a bearish direction and so, the new crash should not be seen as bad. Just the same way it was always experiencing upward movements last year and everybody seemed OK and happy about it, also, should they accept the down movement, now that is has taken a turn.

Do not panic with the situation as it is now, because this is commonplace last year was almost the same as this, the situation will return to normal within the next few weeks, hold the coin you have, because panic will harm yourself.

Crashes like this should be turned into a positive atmosphere as some inexperienced and newbie in the world of bitcoin and cryptocurrency trading moght instantly assume that when the price or market crash it is a bad thing when actually it can be an opportunity to buy and invest on stocks on a lower price and then when the right value of your choosing comes you can trade and sell it for more.

if you look at the bitcoin price now,
it gonna be crashing more. just wait until april 2018.

I imagine investors pumped Bitcoin prices quite a bit last year, especially near the end of the year (October - mid December). Investors might just be seeing how Bitcoin rides out for the time being, so who knows what will happen in the near future?

Yes.
I just read that on twitter how they were subpoenaed December 6, 2017 according to the documents sent to them and Tether but the news only hit the mass media grapevine today.

Even i think that this time if the downfall continues for two days it will result into crash which will be hard to recover.There have been lots of money involved in it and people who are doing it doesn't want prices to go higher.If the prices of bitcoin goes down alts prices are also affected which makes it difficult for the investors to withdraw profits from the fall.

It could be a big correction again before it go up.

Yes I believe that the drop this January was really bad. But I am more on the positive type. I believe that this drop will lead us to high gains because we can get a great position in bitcoin right now than ever. And probably this would be our last chance to see bitcoin at this price.

Yes we are not to consider it as a crash. Because bitcoin price is trading very stable between 10000$ to 120000$, but hope that very soon it will gain accelerator and will reach to its previous price very soon. Bitcoin still has too much potential and in next few months we can expect that bitcoin price will even reach to 50000$.

Well, it always depends on the people if they are going to panic sell and adapt all those FUDs. Certain things are coming out right now, like Facebook is banning Bitcoin ads. Sometimes they just want to buy at a low price so they are going to make some FUDs.

for beginners, they assume that this unstable condition will happen short-term, but actually this instability will happen in a long time, I predict until the end of May 2018 this condition will return to normal. best if you accumulate capital to buy bitcoin, because peak decline will occur in May.

No one knows what will happen now to bitcoin price, if it's just a short term drop or it will continuously dropping. But one thing that i'm sure is, it's a good opportunity for us to have more of it while its price is so cheap, to gain more profit in the future.

I have no big good source but as the experience in last year and also before, bitcoin and other cryptocurrency always recover their price back into normal and stable then after that continue to positive movement. So i think this is temporary.

These dips and crashes happen constantly, and there is no use in looking at 1min graphs if you're in for the long haul. Just keep buying and look back quarterly the earliest, maybe even 2-3 times a year only. That's when you see any reliable movement indicators, not before. Exactly the same deal as with stocks, just way more volatile in short-term - which is exactly the reason you shouldn't look at them daily.

I think it's a good buying opportunity.
The new collapse is a normal adjustment.
I bought a bitcoin.
I think I'll get a good return soon.

No one know what will be the next price movement not only for Bitcoin but for entire Crypto currency market as well. 2017 is a great year for Bitcoin from 1k+$ it surge to almost closed to 20k$ and now it is currently consolidating at 10-11k$ but since Bearish market hit Crypto world this consolidation may take longer or it will recover soon. Just keep up to date so we will not get behind on whats happening in bitcoin if it still goes down there is no problem for me it is a good opportunity to add more I know anytime soon price may break out. No panic just relax.

the fall in bitcoin prices this month is bad enough, I personally can not predict How long this will continue, but for that I remain calm so that no panic happens that makes the market price worse, and take advantage of this moment to buy and hold because I think bitcoin will recover soon and again increase, and maybe it will happen in early February, maybe it's just a guess

Use this crash as you call it for buying Bitcoins. I am almost sure that those financial whales that are talking about 25 thousand BTC price by the end of 2018 are right. I am not panic stricken. We will wait for the better times.

Its a crash, OP. It can go anywhere. TA dont work with bitcoin.

I hope you didnt go all-in, because its risky. 10% of users control 90% of supply, and they are doing a bloodbath right now.

Just lock your bitcoins safely and hold the line.

Today's crash is too bad. It was expected to have a greens in the market today, but FUD created in INDIA that BTC is banned has again pulled the whole market down to $9K. Lets hope this confusion in INDIA got clear soon and we can see a remarkable recovery soon.

Yes it is always not feeling good when the price is falling, but i think that this downfall will not let our confidence down, In fact it is the nature of bitcoin and we are hoping that very soon bitcoin will recover its position very soon, therefore we need to hold bitcoin and remain calm and patient.

I see a dinosaur:

https://www2.pic-upload.de/img/34768874/dino.png

If the price is falling then its time for us to invest. We encounter it every year so whats new? youre right we need to hold our bitcoin in this situation because if we cash out at a lower price we cannot comeback our losses because of that so there are still a chances you can gain youre losses just wait for a week of worst is a month.

Think of it as an opportunity to buy more rather than just a "crash". The price will pickup soon. Crypto has always been on dips and reds when the month of February comes.

https://i.imgur.com/yzXb2AP.png

Ignore the scale and the low prices. But this is how it might play out. Perhaps, history repeats itself. It took over a year for prices to recover and even longer for them to skyrocket again.

No one could tell if this will take a long time or it will only be for short time.Thank you for making my morning happy.  ;D

Lol. Its always good to add humor to situations like this when people seem to be stressed out from seeing red everywhere. Smile, tone down on the coffee, forget that you have crypto investments and don't check your portfolio from time to time.

But the thing is it did broke on that level lol haha. So, is there a problem now? For me, I still think that it was a great time to buy a bulk of coins.


Maybe it is but we can be sure that if the price will skyrocket again the price should be more higher than the previous ath. And it is the good thing, there might be another people who will become a millionaire just because they used this opportunity to buy and hold.

True. Those guys, who will remain optimistic and get more coins, will soon compare whose profit turned to be bigger.

The price of bitcoin will always go up and down, it seems that a lot of peoples just see price behind crash but what is the cause of the crash they don't know. Please, next time try to investigate why the price is going down or up. Peoples just know to say '''its  new crash that's very bad'' but they don't see what is behind.

True, it is causing us to be in pain but having a drawing about a chart that looks like dinosaur gave me a good day after all. It is inevitable that a holder will not check his portfolio, my idea is uninstall blockfolio or any app that you are using for your portfolio.
Traders who have been with this scenario before will take this as something good. You'll can see them a little bit worried about the situation but its a good time to extend and add some on your portfolio.

I see some people hanigng out in the forum and they spreading fud about bitcoin. They want to create fear in people. I don't see the result behind their behaviour but this is no good anymore...

This should be avoided.

Most probably it won't get too dip that reaching $5k, so there is nothing to worry so much mate. This correction is just temporary and it will normalized soon once FUD's will not be recognized by the community. It seems to be that Korea FUD's makes this correction very strong that may cause people worrying so much and they just sell their coins in cheap price which absolutely affect the market trend.

Its really hard to say for anyone as I have just given up.on predicting what might likely happen to price whether there would be an increase or a fall in price because as much as I tried to predict it, it just seems I am shooting in the wrong direction and with that I have made up my mind to letr things play out as its wishes to why I act to the best of my knowledge on the best cause of action at the present moment without having to think of what will happen next. I think that is the strategy for this period of high uncertainty.