Bitcoin Forum

As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

I see many buyers will come into action if it drops more today and tomorrow. It's all volume based and supply and demand theory. I will wait and see for more how much percent its going to drop today and tomorrow and then I will lock the buy positions based on the observations. I m waiting eagerly to get into some nice position to repair profits in the long run and I m not in hurry.

That is what people said when it dropped to 15000. Then they saw the dip to 12000 as a good buying opportunity. Then people like you said to buy at 10000 because that was cheap. Then people like you in here said to buy at 8000 to be prepared for the upturn. Now you say the same at 6000.....

Go ahead, throw you money away chasing a dream to get-rich-quick. Reality is that the party is over.

We are very close to the bottom, very close.

So dont jump overboard yet.

If you do, go open a bank account and wait for your 0.1% per year.

I'm not in this to get rich quick. Yes, you can make much nicer money than traditional banking/savings/investments, but the days of 10000% gains are over.

I'm in this because I believe in the technology. Blockchain technology is changing and will continue to change the world. I believed this at $20k, I believe it now at $7k, and I would still believe it at $1k.

Let's check back in 10 years, and see if blockchain technology is still around.

Yeah it could still be dropping. Have you seen the price history from the past eight years? Every start of a year bitcoin price drastically fell and recovered after the first quarter. There are huge drops that records in the bitcoin price history, remember Mt. Gox event, that fell bitcoin more than 80% drop. And that is not just the huge drop, there are even more earlier drop which reaches up to 90%. So panic at 70% drop, I think not, i will panic if the price drops way below 100% because that will be the new huge drop in history.

Good for someone like me! I am picking up the dropping pieces bit by bit ($6000, $5500 and so on) with certain percentage of my holdings in fiat. One thing I am sure of is that, the lower the drop, the more the pressure will be when the buying starts. Moreover, even if we end up dropping below the downtrend line as it is, that may result to a pretty serious crash, but mate, I would personally not want to miss this moment for a great buying position. It comes only once in a while. Look at the bright side bro!

I’m not sure what you’re getting at? This isn’t new info.

The greatest minds in finance (I mean people in the real world, not bitcoinland) have been saying for a month that bitcoin is in a huge bubble that is going to pop.

These are people with advanced degrees in economics, business administration and finance being published by ages old respected economic reporting agencies. Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review have ALL published articles telling about the impending disaster that’s about to happen when the bubble pops.

Everyone has been informed so no one should be surprised unless they live in a total vacuum somewhere above the fucking Arctic circle in an igloo. If the people on this forum want to ignore all of the worldwide brainpower saying the exact same thing, let them.

The religious cult - which the Bitcoin followers in here largely are - appear to still be in denial about reality though.

Bitcoin will never be lose. Dropping of price only happens in a month and it will also happen in a month for the price to rise up again. Let's just hope and be patient to wait for the price to rise up again. Bitcoin is too big too lose so don't be discourage if the price is decreasing but instead take this as opportunity to buy additional investments and then hold. Many people  have speculated that Bitcoin will rise up too soon and will double the highest price as compared from last year so let's just believe on that and keep calm and don't panic.

So what? That’s my point. If hundreds of people with doctorates in business and finance can’t convince them do you think you have any chance of doing it? Let it go dude.

"Too big to lose" does not exist. And look at reality - Bitcoin is not big. In the global financial world Bitcoin is very small, and nobody would really care whether it lives or dies. The only ones who now care are the small "investors" who were gullible enough to believe to "Bitcoin to the moon" and "HODL" slogans. Some will continue to own and buy/sell Bitcoin, but that is just the same as some people who like to buy and sell old Pokemon cards - there is not much value there really.

Because in the past there have been such things, so many people are worried about, but we will not be too disappointed, bitcoin prices also rose from this position.

I agree with you, this decrease makes a lot of members of the panic. but there are times when we have to get around the situation until it reverses with profit. I think the value is still going down, I prepare to buy it too.

if in normal say, yes this is normal
but I'm a little worried about this, I'm also starting to lose hope, right now bitcoin really slumped, and this is a very drastic decline

Yes, this is a complete collapse. Even the US stocks are falling. Many people wonder if the financial crisis is coming. But I think this is ridiculous. We need to be calm. If the stock market collapses, it is very normal.

This is a big crash if it drops more.

Bitcoin is down 40% in a week - the stock market is down 5%. Do you understand the difference?

Now is February 2018, lets compare the price from the last year, Feb 2017.
the current price is still above the last year price.
So you cannot say this is a full-on crash.
i think the sign of full crash is, the price is lower than last year price.

do not lose hope buddy
many believe, this is a very natural thing in this crypto world, maybe this is called the main risk of bitcoin
I myself, had predicted this would happen, when I first jumped, and I was ready with this risk
do not panic then sell, hold your coins, bitcoin will return to normal in a few moments, just need to wait

moments? or months? or maybe years to get back to 20 k again

And I'm not scared because last year Bitcoin was less than $1,000. Since last year no stock has performed that well, people overreact to short term drops and forget to look at the long term charts.

So this is great news, everyone can buy and get positions, if he has a fiat. The prices were estimated at 5000-6000 last year, when bitcoin was 10,000 dollars. In this collapse there is nothing surprising.

We may see bitcoins price toland over the $4000 area and that is the price i am waiting for. The bears have easily break the $8000 support line. As of now i am just waiting to buy more bitcoins.


I agree but i can not blame people to be scared. Some people really can not follow the no emotion rule in trading/investing.

The drop is not looks normal. May be it just impact of bad news about bitcoin that spread by media. But usually its not for long term. Just like the falling price when CO is banned in China, the impact is so bad but not for long term, even the price reach 20k after that. I hope bitcoin price will rise soon ar atleast stop going down.

We are still good, in 2017, in January, it was much lower. I noticed a patter ith the crypto market, it tends to go up like hell and down as much! Keep faith.

seems to see from the existing graph bitcoin will drop to touch the original price or the initial price before the price rises to very high the possibility of the price will return to the price of about $ 5k and will rise again at the end of the year.

Tether/Bitfinex is no longer generate fake money(over 2 billions till now) . They are on hold.  This is the main reason.  ;D

that's because bitcoin is a high risk financial product and stocks are low risk. Or better put, stocks are high risk, bitcoin is super-uber-mega-high risk. The point is, when there is uncertaintly over a crisis, all asset prices go down (except bonds which are tied to the interest rates in the opposite direction), in the order of risk. The higher the risk the more likely you are to get out of it. The same thing happened to alt coins, which took a much bigger hit then BTC because they are of even higher risk.

So yes, if stocks go down, so will bitcoin. Not saying that this is what brings BTC down right now, but it certainly contributes.

the decline of bitcoin I hope does not last long and may just wait for time to get back to normal and certainly will rise higher again from the year 2017

I think otherwise, the dip is because of all the bad news. Let’s watch Bitcoin price after the fuds are cleared.

It all depends on what your benchmark is. Compared to the 20K ATH it is certainly a crash and the popping of a short-term bubble. But if you look at the long term trend of the last couple years it is easy to draw a smooth upwards sloping curve that fits it pretty well. When it shot up to 20K in December the price was getting ahead of itself; conversely now it has fallen well below the long term trend line. Just eyeballing it I'd say we should be getting back to around at least $11-12K to be back on the trend line without being overvalued.

Maybe you are just upset because of what happened. I guess you are one of those people invested in bitcoin at its peak, so you rant in this thread because of your frustrations. Maybe if you just do some research before you invest, you should probably know that this crash happens and actually might happen again. I hope the situation right now would give a lesson and use for your own benefit.

Anyone else find this post ironic given the screen name of the poster?  ;)

The "experts" have been wrong far more often than they have been right on Bitcoin. I could care less who has what opinion about Bitcoin - only the reasoning process behind their conclusions is what matters to me. And yet when they voice their reasoning on this subject I often find it lacking even at a cursory examination.

Yes, this is normal in crypto. Have you seen the previous crashes? If not, I would suggest you take a look at the historical ups and downs of bitcoin.

It's really hard to tell when will the price dropping of bitcoin stop, but as many people say, it already happened before and after a couple of months bitcoin able to recover. If you are here for a long time, you will not be worried about what is happening in the price of bitcoin now because they are confident that bitcoin price will increase soon.

The stock market lost $3 trillion yesterday
Crypto lost $100-200 billion

Do you understand the difference?

Crypto will enter the 'bubble' stage once we hit $2-3 trillion + of market cap combined.
I am accumulating myself at these basement prices

Just because "masters" of the economy call crypto a bubble does not make it so...These are the same people who will say housing is going to crash and buy up all the land one the property values plummet
...I don't trust people who have something to gain by giving advice.

Yes this is just a minor accident you need not worry.
Let's buy and buy this is a rare opportunity that happens only once a year, lest you miss this opportunity because you are scared.
this will definitely recover soon so do not be afraid of what's happening right now.
you can become a millionaire in the coming months if you can take this opportunity.

It may still dropping but bitcoin will continue to grow. Yes, if we can see the previous charts of bitcoin from the previous years price was different. Bitcoin has been volatile ever since so for me I hold then wait that's it.

Yeah that's true that we have came down 70% and still dropping but I think you know that bitcoin price always ups downs.It is one of the condition of them.Do not worry at present bitcoin is dropping but after a some time it will rise again.

So what? It also took years to get back over $1000 after Mt Gox imploded, but it did happen in the end.
I'm fairly certain that this time 'round it will happen a lot faster than in those days, but things need to calm down first.

"Forbes, Bloomberg, Wired, Entrepreneur, Fortune, Inc., The Economist, Kiplinger's, Harvard Business Review"

That's another cult. They are just market makers, that's all. The bubble popped because they can get on the mainstream and they scared all the noobs away, that's all, there's no mystery science there. All the idiots that thought they could get rich overnight and FOMO'd into Bitcoin because they saw it on the news about how it was going high are the same idiots that panic sold because Mainstream media hired these people to say it's a bubble in order to stop the growth.

Let me remember how Mark Williams predicted Bitcoin under $10 by 2014, that's an expert PhD federal reserve bankster opinion which was wrong as fuck as we all know.

"Bubble is popping" comments started at $2k, so it finally popped at $20k, so what, it means nothing, if you say it enough times you will eventually be right, doesn't take a PhD for that, similarly, doesn't take a PhD to know we will be at all time highs again eventually, because there is 21 million coins only an there will always be a demand for a neutral, global asset, and given that altcoins are scams, Bitcoin is it.

I disagree with you on that, a lot of Altcoins have value to the crypto world.

However, many of them will not survive 2+ years

you are right the fall of bitcoin is still going on
the current bitcoin price is getting weaker, and continues to weaken! I hope this will soon recover as usual
if this continues to happen it will have a very bad impact. I can not imagine it

well, you have every reason to believe its normal like some people use to say. market or chart correct isn't this. besides, I don't think cryptocurrency has witnessed this since the first coin has been created in 2009. however, I do not believe this might be the end of crypto because just the way the media impacted the crypto world positively last year which make many investors enter the raise. the opposite is happening now. negative news everywhere. from facebook crypto ads to Chinese banning crpto ads.

I think it is a different condition, this is the worst decline. Bitcoin price ever reach almost 20k before and decline more than 50 % is really bad although the price is not lower than February 2017. we all have a big expectation in bitcoin because the price ever goes up very high but now the condition is very worrying.

This is one reason why I stop looking at the graph because I only feel disappointed seeing those figure starting to eat up every invstment I made. It's not over yet, it can actually drops as low as we could ever imagine, but we cannot do anything rather than keep hoping and believing things will gets better in time.

This is absolutely not a normal thing and the worst news is, this is not over yet. The price will keep draining and may hit $4000. I believe the price will go up again as rapidly as this fall. But honestly, this current situation was needed. A very expensive currency is very hard to use.

I’ve been waiting for you to appear (well not you specifically but someone with your viewpoint).

Global economics didn’t change the minute bitcoin arrived on the scene. Bitcoin is a new way to send value across great distances, it’s not a cure all for the ills of economic instability. The protocol doesn’t set its own USD/BTC exchange rate. It doesn’t morph into an economy like a Power Ranger (shape of a stable economy, Power Rangers activate). It wasn’t designed for that. I’m sure you know that, I don’t need to explain that to you.

Professionals in economics and finance have dedicated their lives to the study of markets and money. Their insights could be used to help us and bitcoin in general but instead of really listening to what their saying everyone here spends all of their time nitpicking and attempting to tear them down. Why learn from them when we can just cheerlead and get that new ATH and profit, right. New ATH and sell, sell, sell, then find the bottom and buy, buy, buy.

I’m not going to waste our time by asking you for specific examples of when they were wrong and how. Have you really ever thought why they’re wrong when they miss the mark? What part of the picture is available and transparent for study normally that isn’t available in bitcoinland?

Most Bitcoin exchanges have no oversight whatsoever and most of them have refused to be audited by independent outside third parties. That cannot happen normally because there are laws against it. BTCe was laundering massive amounts of money for years and we were all oblivious. MtGox destroyed lives because of the lack of oversight and auditing. Bitfinex and Tether are getting ready to do the same thing again, rinse and repeat. Also, insider trading is a plague in bitcoin and happening all over the bitcoin economy that would be discovered with a little more close scrutiny. There is probably more off-book trading being done than on-book. We have no idea how many bitcoin sales are happening at Overstock.com or Microsoft because all the money is immediately exchanged off-book by BitPay.

Just the impropriety we know about is enough to make me realize no analyst, regardless of how knowledgeable or experienced, could ever completely predict the outcome of anything in bitcoinland perfectly because of the unchecked impropriety. He could, however, predict a major value crash in the near future that’s so obvious it slaps you in the face.

Nobody is disputing that blockchain technology is going to be important in the future.  The question is, will Bitcoin be important?  I have my doubts.

We shouldn't be panic with the price of Bitcoin. We all know that the price of Bitcoin is decreasing rapidly but we can't say that price will be dropping all the time. Personally i firmly believe in bitcoin that it will be recovered it's price very soon.

For most of us this is the first real big crash that we cross, unfortunately we can only wait and hope that the future will be prettier for cryptocurrencies

Your only down 70 percent if you bought at the all time high which is stupid.  Always be patient and never buy something at the all time high.  Everything will always dip no matter how strong the bull run is.

Just after your few hours of posting bitcoin has stated moving upwards and it is now at +3% with green zone. So im pretty sure that bitcoin is the real deal and now you believe it too. This is the up rising of the bitcoin and no one can bit the challenge of bitcoin where it went all down to 70% and in single day came back to 3% and more. Thats the real beauty behind it and lets hope we see +70% again and the bitcoin goes ATH of 20K soon. Lets party guys because that is what bitcoin is trying to get for us. So yes man, this is normal in crypto and you should hold and hold.

Bitcoin is up 40% since  October
 you sound like spoiled children sad because you can not have your chart always going up.Bitcoin is the future go sell it if you dont understand

A biggest crash that I’ve ever experienced but as you can see it’s not over yet because this technology will bounce back and correction will happen again in the future. This is the scenario every year, FUD will continue to spread but they can never stop cryptocurrency specially bitcoin because this is a kind of technology that we need in the future.

It now seems to be going up again.  But try and be sensible this time.  Buy now if you must and don't spend
 your life savings.   But don't wait and leap in at 20k.  If it ever gets there again.  

drop has stopped now.

The crash is real, this is unbeliviable jus the way there was a high rise in 2017,I know the crash is sure but not as low as this.

What crash bitcoin is up 40% since 4 months ago.Do you know what a crash is?

Can someone see the future?
If he exists, I would like to know this person  ;D

That´s exactly what I thought so many times in the recent month´s, let them sell and go to their
bank and get their 0.1 %.

I even like it that all those who jump ship will hopefully not come back, we need a stable community
who is in this for the longterm and does not just want to make a quick profit.

Who ever believes in Blockchain should invest, the rest Good Bye.

And you got 257 merits for posts like that?  This is why I think this whole "merit" crap is absurd.  And you're hardly the only one. 

This is an enough reason on not to sell because it is jist making the market value of Bitcoin to fall even more. Jist hold in order to mske the demand high and its market price to rise. No dump is permanent so we'll get rid of this one soon. For now, invest to some coins that you've like because the moment that coin's price starts to rise, profit will be earned.

Now that Bitcoin has gone down this week, all of sudden we're not so excited anymore. Some even believe this is not over yet. But now that the US authorities hearing is over and the outcome is not that negative, It's just a matter of weeks and bitcoin will reach 20K once more.
Then everyone will scream again: we're going to the moon!

looks liek full recovery now,   sicne typing this it went from 7000 to 7100 to 7300       ..  THE MOOOOONNN

It looks like bitcoin will drop to $ 3000
if that happens, I do not think it's the end of bitcoin
just the opposite, it's a good time to buy and hold it, just need to wait a few months until the bitcoin price goes back to $ 20,000 and can even be higher than that

I would agree except for the fact of how quickly bitcoin went up to reach that ATH in the first place. It was like weeks to go up 100's%...... If the price drops below that of Sept'17 then I would agree it is a crash.

in my opinion, due to reduced interest and market confidence in bitcoin so bitcoins continue to fall and decline, plus the many bad issue related to bitcoin

Main reason ? 2 Billion for the 130 billion Bitcoin market cap is nothing. 2 Billion is really nothing for any other coin....

Of course,  i do believe that it is not yet over.  Crypto currency is uncontrollable.  It can pumps and fall. It is our decision and good strategy on how we handle this situation and make it a good decision someday.

Yep, you’re right, the future belongs to blockchain technology. Bitcoin is one of the greatest creations of our time. Blockchain technology will reshape the very core of commerce across the globe.

Unfortunately, bitcoin has also proven to be the best lubricant for criminal behavior since the invention of the post office.

For me, Its not actually a scheme to get rich quick. The blockchain technology is somethingvery nice to keep one going with the crypto currency or bitcoin. Okay, as at 3-4 years back, the price of bitcoin has not planned of gaining heights  to $6000, now it is dropping down from $17000 to $6000, does not mean it can't get back and above its initial price. Everyone knows well that bitcoin is always on a rollercoaster ride, today might be good, and in the next hour it is bad. Lets just wait for a good rebounce towards the end of the month.

So many of my friends were thinking that they could make 100k by just investing 100$. And in that bullish period so many were experts of trade. Now those weakhands may be shaken and just the holder and dip buyers would profit. Even if it is 70% down I believe it will recover and I will hold.

Blockchain technology is nothing more than a secure distributed “networked” database. Databases hold records. In the case of bitcoin, it holds distributed transaction records. There are four types of blockchain networked databases, industry level, private, semi-private and permissionless (public). Bitcoin’s blockchain is a permissionless networked database with the sole function of permanently storing bitcoin transaction data. Because it’s permissionless or public anyone can read it, send transactions to it, or participate in the storage and validation of it.

The btc/usd exchange rate is only peripherally connected to the bitcoin network. Bitcoin operates exactly the same regardless of what its exchange rate is currently. The exchange rate is controlled by people buying, selling, scamming, stealing, cheating, trading inside info, back room exchanging, hoarding, dumping, and all of the other things associated with every other human controlled market on the planet.

You’re right about one thing. Everything on earth goes up over time. Bitcoin is no different. When my grandfather was born a loaf of bread was $0.05 and sugar was $0.04 a pound. The last loaf of bread I bought I paid $5 for it and sugar is $1 a pound. That took 100 years to happen. Speculators love bitcoin because they can make the same profit in days or weeks that take years or decades with any other investment vehicle. That’s not why it was created but it does give bitcoin value.

For those who are not used to the high volatility of this market, these are undoubtedly periods of trial in which they are probably rethinking how inconvenient was their decision to enter this market. But for those of us who have been involved in this ecosystem for a long time, it really seems like the ideal scenario to continue investing and securing our financial future through buying massively at a price that may never be repeated.

Sir crazyivan is right, we don't have any choice right now but to trust bitcoin, keep believing to it even though it shows no improvementa at all. But it's still your choice in the end whether you will quit now or "surf with the tides" – continue buying and make the situation favorable to you. Choose the decision what makes you comfortable the most.

I believe that too. I know the price will be up again. 70% is nothing if we can be patient. Based on the past eight years history, the same things always occur. The price will drop in the beginning of the year. Just do what we can do the best to earn more coins. Always be positive and you will get the positive result at the end.

Yes, many say that the decline in bitcoin prices is now normal, since bitcoin is the value of the pluctuative currency, so the decline and rise in bitcoin prices is normal.
Although now the decline is through the figure of 70%, but we must continue to be patient and hold the coins we have. If you sell bitcoins at current prices, I'm sure you'll lose and regret having invested them in bitcoins. I do not want this to happen to you, I am sure that once we hold all the coins we have, we will get happiness next month.

There are a lot of aspects that affects the flow of market like chinese new year or valentines day, maybe in this days there are a lot of people who wants to sell their coins to earn fiat spending on a event and that's what makes the value of bitcoins decrease.

So, all we have to do is just calm down. This is perfectly normal, even this is a great opportunity to increase investment if the tone has more funds. Or this can be a test of patience to hold bitcoin longer before getting big profit. The bitcoin veterans will be calm, while newcomers will panic up the bitcoin roller coaster. ;D

dont worry, the end of the dump is near soon. When people start calling BTC 0 dollar and showing it die you know its time to buy.

I guess that's all we have to do since we can't do anything about it rather than panic selling which is a big loss if ever happens. Just think a useful way rather than watching the downfall of all of your crypto holdings.

I believe the price has begun to recover, so it is better to wait with patience for few more days. This could lead to successful growth than selling on panic losing all that investment that has been made when the price was at the peak hoping for a bigger profit as more adoption has been taking place by that time.

Yes, everyone needs patience. Prices are likely to return to $8,000 today. Hope the market will recover soon, the past  few days can hardly predict the price that bitcoin will fall down.

You know it well — the raise comes after a fall, and it will happen in this situation as well. The best strategy is to stop worrying and concentrate on self-education, learning more about market. I do not trade right now, waiting for the time when coins are up.

if we look from the positive side this is normal. because every investment there are times when prices fall. but if we look at the negative side this is an accident because some countries that have banned bitcoin in other words have many countries who think bitcoin is bad