Bitcoin Forum

Hey everyone
Finally we did attain a milestone of 9000$ that was long awaited.
We we're actually dancing between the price of 8.5k and 8.7k $.
Unfortunately it suffered a massive dump and lost 500$,
Now trading at near 8.5k $ , it's hard to see the market pull through if we just sell at those important moments.
What I feel is , it's moment like these that actually are the most critical for any market , if people support and if they instead of selling hold onto that , the price will only become stronger .
It could have been 10k $ , but let's just hope this pit gets filled soon.
Also the good thing is , even after the huge sell off it still managed to trade @8.5k $ , that's why I believe the bull Market is going to take it way further than we can imagine.

People won't have that urge if tell them to support instead of selling. It's normal to see people start selling after hitting their supported price and set-sell for a long time.

Don't worry because it will be filled later and we'll still see some push ups after this quick dip.

That is nothing to be worried honestly. Just take note what's the price 24 hours ago. We are still "here" and not to the point that it destroyed the considered last established wall.

Good thing it didn't pass through a much higher level. Just imagine how weak will be the support there.

No need to rush things. Just focus on accumulation.

As long as the price of bitcoin has an average rise for a week, there's nothing to worry about. We are on a very volatile market. Considering also that a lot of investors and traders these days, meaning a huge number of transactions happening. It's normal to have fall back.

It is time to accumulate as there is more growth to happen in the falling weeks. We can experience a transition of the market from the support to some new resistance level. This is being getting achieved often with the price moving within some price range and further increasing a little. This has slowly increased little by little overcoming the fluctuations, and the same could easily get to break barriers. As a part we got to break $9000, which will be found to be a stable price above which fluctuation will take place marking the bull trend.

Indeed is not need to worry this also happen after it start grow this year, and after we had 8000$ go to 7100$ and after grow, i think the grow will continue even if we have this kind of drop.

It's not that massive as what you think it is. It was just a $500 drop and you say massive? I don't think Bitcoin reaching $10k by this month but hopefully the current drop will be recovered.

Its a normal situation we have correction then it will go higher again we saw that before so don't think we need to terrible about that so people get their profit and sell we will see 9k soon i am sure about that just must be an optimist and wait.

We are still good and its just happen that we always go back to the bottom price of the day and after that will start to rise again. Not just bitcoin but also some altcoins are down, but we must not worry because its a temporary down. Bitcoin will be good at the end of 2nd quarter, we are beyond $9k and will go for another peak.

These bitcoin movements are very good, in fact, have gone up to $ 9k clearly indicates that you are testing offer at this price level, which means that the low prices may have already eliminated the offer and Strong Hands are entered into price levels to increase the market much more. The correction has been very slight, but by reviewing tensorcharts.com I have seen a lot of purchases, not so many sales.

I was also surprised by the super-fast movement of Bitcoin a few hours ago. BTC prices are very volatile and this can be a good thing for experienced traders.
At present, BTC itself has decreased slightly to approximately -4.60% at $ 8,278.30.
However, it does not rule out the possibility that the price of Bitcoin will go up again.
We should always monitor the development of the market and graphics more carefully so that we can decide the accuracy of decision making.

simple explanation.  but enough to describe the current market conditions of BTC.  there are only 2 choices for us.  buy or hold.  selling only makes us regret at the end of volatility.  so.  I always collect small pieces of BTC by converting altcoins to BTC.

but I always make every step of the development of BTC by check point.  and in my opinion.  BTC first check point is $ 10000.  and not yet reached.

We can't force people to hold. They will surely dump once the prices go high. People's decision is uncontrollable but I'm sure that the price will surely rise up again after that huge dump. Lucky are those who are continuously holding despite all the changes in the market.

I also was a bit surprised but it had to happen somewhere along the way up. It is still fighting around the 8.3k at the moment so the masses dont seems to be panicked that much.

It's surprising and I was also surprised that the prices could go down that fast.
Panicked buying struck down the price. I won't get surprised if we wake up again with $9k value.
Bitcoin has been really unpredictable and is always changing.

Stay cool control your emotions and nothing worried just stay your patience and relax yourself, every holders have a margin price to themself when the eight time to sell their bitcoin.
8500$ to 8700$ bitcoin moving since last week is stay strong when always monitor the price in the coin market cap the price is upsurge more than 9000$, so thins coming month possible bitcoin hit 10,000$.

Short-term traders can still benefit in this situation, whereas, long term holders can still wait for the continuous growth of bitcoin. This up and down movement will always be here in the crypto trading market. Nothing really unusual for this price movement. We can only hope that it gets better and better.   ;)

From $9,000 down to $8,250 is not a massive dump, its just 8.3% drop and that is not new because if we look at the price history of Bitcoin there are more or there times previously the Bitcoin suffered huge loss after surging up to 10% specially today that we approach the weekend, expect that it will continue to drop and recover again on the first 2 days of the week.

The price now show a good stability and seems like the up trend will still going up, the correction show that the market still in healthy condition, the most important is the price stability not reaching a certain number, there is no used if the price go high but got huge correction

The market started to change, and I saw all red. Bitcoin prices have dropped to $ 8200 after hitting $ 9000 a few hours ago. I expect Bitcoin to reach the price of $ 9000 in the following month after the current price adjustment ends. It may last for a few more days until the correction period ends.

I believed some bitcoin hodlers sold or dumps massively at $9K a psychological zone invariably resulted to the pullback of the price. The same scenario played out when the price was about to reached $8K.
Be as it may this is a very healthy a market because it will create opportunities for new buyers to buy and accumulate now before the price regains it bullish runs again. The price volatility is massive it can dump or pump at least $500 thus there is no cause for panicking.

Just calm down, don't panic, all crypto are entering black Friday, where every Friday all of the goods experience price declines. This is precisely a good moment for us to buy back stock.

People who do not have the ability to profit from these sudden lows and highs need to start viewing only the weekly charts. Avoid graphics with short times. It is much safer to draw reasonable strategies.

I think the crypto boom is happening every two years so 2019 seems to be the big year after the 2017 boom.

However, variations of several hundreds of $ per day became normal.

this was more like a panic move in my opinion, when price broke $9k there as a fear that it would break $10k and other higher levels so the dumping began to prevent the snowball effect and crush the FOMO so that the accumulation before that launch can complete a little bit more in this lower price level.
when looking at the charts, the breakout clearly had a strong momentum but the initial ~500BTC dump on each exchange prevented it from happening. and as the drop started another kind of fear began and the sell off snowballed bringing price to $8000

Looks like we'll be able to use vegeta meme again lol. Bitcoin will bounce back again, Who knows this might be the last chance to buy in 4 figures. FOMO hasn't begun yet, I'm wondering where will the next FOMO will take us.

now BTC price in ranges $ 8200, price drop $ 500 in less than 12 hours. I had expected BTC to be fall in the past few days. in my opinion this bad trend will return to normal in a few hours.
and bitcoin price will not fall below $ 8K, I believe.
Don't panic and continue to believe in bitcoin.

Just relax, it's not the end of bitcoin, it will again bounce back uptrend, good thing that it dump so this could good opportunity for buyers to enter at a good price.

What we waiting for?

Buy now, as eventually price will be up again and when this going uptrend, probably we are going to stay at $9000.
This pump and dump are normal since price increase thus far is already significant, and this correction is necessary.

The volume hasn't gone down, there are still a lot of traders waiting for this timing, so don't doubt, instead see it as an opportunity.

you right. take time for bitcoin grow up price up to 9k$ and it's need risk if you want to entry when bitcoin not stable or sideway. so, you must have knowledge about predict analyzes.

You will get massive drops when you reach physiological benchmarks like that, because people like round figure prices. A lot of traders set automated bots to sell or buy at a specific price point and most will use round figures to do this.  ::)

People also like to set goals based on specific price points, so you will find that people would say, I will sell or buy at $10 000 or $9000 and not on say, $8453 or $10349.  :P

Since we have tested $9k, we are must likely going to hit it again next week and get stabilize, then start an upward new level, when sellers have taken profit, we don't expect a continues sell off, but they begin to buy and await a new height which of course will be above $9k mark. I was teaching an introductory to bitcoin when I saw a jubilation from one of our groups of the celebration.

For some people who have not seen anything like this yet, such sudden drops are still a big surprise and disappointment which usually leads to panic sales. I watch price yesterday and it touch $9k on Bitstamp, and only after few minutes it was $8700 again. Like I wrote before, big players will try to keep price under $10k as long as possible, and we see that it is very easy to manipulate the market only if you have several thousand of bitcoins.

I would say that we are not in real bull run, this is something more like a controlled process in which someone tests ways of manipulating the market.

To some they will see this as dump but to me I see this as simple corrections ,some will no doubt take the advantage of the ATH but its far from dump and the bulls are just getting started

I totally agree. Some whales were setting their profit taking mark for 9k because they were logically expecting that the majority will dump att 10k anyway.
It really was to be expected. Personally, I've been expecting a major dump from around 7k back to 6k and we had it. What I didn't expect is that we'll recover this fast and go to new yearly high just days later. Expecting 10k in such a short time is greedy as there are bound to be pullbacks along the way.

This only tells one thing. Bitcoin is highly manipulated by institutions and rich people.

This is what the others are thinking too and I believe that the sudden rise and fall of the price of Bitcoin in the last few days is purely manipulation. We can't do anything about it but to ride into the train in order to get profit :)

That's what you call 'Breathing' or some may call it corrections.

There's no point for Bitcoin's price to surge non-stop as it's pointless so it's fine that it goes down a little bit after a good uptrend. For as long as the increase outweighs the decrease then I'm/we're fine with it. I choose a gradual increase rather an another Bitcoin bubble just like what happened on December 2017.

We cannot blame people if how they treat.market now specially those who has trapped in the massive falling of 2018 ,many investors and holders who has been waiting for this growth to take out and some of them is for good,imagine for more than a year that you are in the losing position?and now that we attained the $9k value they withdrawn and thinking or waiting for another good timing to re invest or totally leave the crypto venture

Of course there isn't. But some people will always panic anyways "just in case", it's just their nature.

This will happen for a long time still, the most important thing is being aware of what is important and what isn't so you don't get confused by all the noise around.

It is still over $8k and people are acting retarded already.  I remember that few weeks back that flash crash also happened that made btc fall to $6k or $7k I believe but it managed to stay up again.  Don't influence other newbies with your fears because that is what holds us back everytime.

I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy

It was a huge pump and a dump after.

They rekt margin traders. I also can't understand how anyone can do margin trading for bitcoin. It is crazy risky.

The correction is on and let wait for another target again. If am not mistaken, whenever Bitcoin price hit such figures mentioned above, there's always a massive sell off, which in my opinion cannot be termed dump. After all profit is what drive the massive sell off and it came, we are all happy for that.

This is pointed out the market is health comparing we don't find a correction when the price has increased. The trader will look another high price when the correction come. You may know when the bull ran came at 2017 ago, is the price never met a correction when its price had been increasing? The answer was no, the pricr still met a correction come back to increasing again. I'm not worried when the correction come because I can buy it again at the lower price of course by considering the situation.

And now, we are seeing bitcoin price becomes strong because the price breaks every higher price and it still going to go up. Although the red candle still there but there is a reverse from the price that is showing to us the price trying to increase again. I hope that tomorrow bitcoin price can break $8,500 and will go to the higher price.

actually bitcoin is currently in a period of consolidation where making adjustments in the TF is small, but this is still reasonable in my opinion, if you believe bitcoin doesn't need to worry about this.
Yes, even though according to my technical analysis, bitcoin will drop below $ 8,000, but I don't know what happens next, it could be that my analysis is wrong if there is a big pump from the pope-market or big news.

But I still believe bitcoin will rise slowly, maybe next month you will see a much higher price. So don't be sorry if you don't buy when dumping, like last April.

At the moment it has even dropped lower to the price of $8300 or there about in the coin market cap but this is still a good sign because earlier this year the prices was really poor and bitcoin and other coins where doing very poorly but we hope it would again surpass $9k Mark

It's evident that crypto market is being manipulated because I don't understand why bitcoin will surge to 9K and the next thing is to dump below 8K.

The price of bitcoin after falling has recovered reaching $8400. The price fluctuation that has been experienced is truly the common market fluctuation. This tends for a bigger price above to $9000 which we can expect to happen in a short as the support from people keeps supportive gain resistance.

It's because that's how the market works, or at least that's how speculators make their money, massive pump then followed by a 20%-30% dump, or correction or whatsoever some TA experts says. And for all we care, bitcoin doesn't give a s**t about any TA. If will go on its normal course, whether a break out run to 5 digits or a massive fallout.

what are you worried about? this is very common in trading cryptocurrencies. bitcoin falls and returns to increase, even if it is the opposite, now we can see that the price has improved again.

I don't need to know how much bitcoin will fall, but just a little or more every week, bitcoin is still worth it, what you say is that bitcoin reaches $ 10k mark, yes, of course, and sure. sure it will happen.

We cannot blame people. Many BTC holders now gave up and just wanted to sell their bitcoin just to somehow cut loose or gain a little profit. That is why when the price rises people dump their BTC right away. After all, BTC is very unpredictable.

There's always a whale that will do an exit at any point of the price, or we should treat is as a correction, and it's been part of the market, we  just have to be more confident that we are moving forward and that we will soon reach another milestone, and that is another all time high.

Like what you said , people only sell btc for profit , nothing more nothing less and there is no reason to give up because bitcoin itself is not dying or in a critical situation whatsoever but bitcoin is only doing a good job since we can see how its value increases thru the roof  . this is only the reason on why btc experience a dump after a pump but of course other factors do also affect the price  .

corrections always happends , if it goes up alot it will always drop some of the gain before it moves up again, crossing 9k is a good sign for the future, and if it breakes 9k again and stays above it we are in a realy good area for the future.

It might be a change of trend, according to the analyst. Usually, I have three waves before I determine that the trendline will change. However, I am pretty cool that in cryptocurrency, there is no impossible. All of things are possible in crypto space, why? Because even the largest resistance can be broken by bitcoin.

Well, small investors will have that doubt to sell or not. Do bear that in your mind.

Not just because there is a possibility they will sell can also affect the value of bitcoin way too large.
Be afraid if whales will be the one doing it. Also, if the price suddenly goes low and then continues to go down. A panic is already happening at that mode and you might as well ride it before it went to a price that you will regret not to sell.

It happened before and it might still happen  because of fear that this price wont be reached again.

Massive dump? What on earth are you going on about? Everything seems fine and BTC has settled in the $8K currently and will begin moving towards the $9K in the near future. Corrections are a part of the game.

You should be happy that it keeps correcting its value regularly proving that this is organic growth overall instead of a pointless spike.

No need to worry too much because the decline conditions like that are normal for the market, keep holding and be patient because bitcoin is still able to pump.

9k is not all and there is no limit to bitcoin in today's trend. Consistent with Bitcoin halving No 3. Indeed, when the amount of bitcoin produced is less and less, the value of bitcoin is hard to imagine. But really happy with 9k on the last day of May. We see the market moving and heading to the new trend.:)

i guess we will have a grow again soon !

Lol! It was as if BTC hitting 9k angered the whales or whoever is manipulating the market next thing i saw was a massive dump with speed, panick sellers running helter-skelter to sell ;D
never seen BTC dump so fast :o that clearly shows that there are big player's doing what suits them, i know btc will hit 9k and above whether the whales like it or not.

There was a massive sell off and the resistance was much bigger this time around and i am waiting to see if the price will cross the $10 K barrier in the next two months and if that happens we might see a big rally to touch the all time price valuation we had in 2017, it is a really interesting couple of months of the bitcoin market and it all depends upon how the market will react in the next two weeks.

This price movement will happen again and again but the good thing is that the bitcoin is still growing everyday so the price is increasing instead of decreasing. There will be whale manipulation to get their profits but the adoption can't be manipulated. So no doubt, bitcoin will grow steadily because of these adoptions.

Bitcoin jumped to 9 thousand dollars because of a huge amount of selling transaction. It is now testing 9k. I think it will reach to 9k dollars in a short time and will stay at it for some time.

Between a twinkle of an eye it all happens, btc hitting 9k and suddenly dumps down to 8k+ but i think btc preparing to hit next target 9k and then will stay there a bit before some correction then keep moving, from now till year end we would be seeing more of this up and down, big whales having fun at our expense ;D, it is going to be a bumpy ride.

it is not all big whales, it is the market in general that is pushing the price upward and only certain whales who don't want to see it because this recent drop was clearly a whale panicking because he didn't accumulate enough and didn't want to see $10k+ this soon. of course we weren't ready for that kind of big rise this soon either but the whale panic after that rise was the main reason why $9k+ only lasted a couple of minutes.

No retreat no surrender is the way I see bitcoin movement now ,even after the price dump its making moves again,presently back to 8500$ ,many did took the advantage of the ATH I guess that's why it drops

Good for us, but after that it was a corretion once again, but.. we are back now at $8500 which is a good price and this is good to know that bitcoin ain't dumping anymore.

There are big support now, slowly we are raising up and every time we achieve a high price and we are down it wasn't a problem based on the short term price trend since it always end up us moving 1 step backward and 2 steps forward.

I saw this quick pump in the price of bitcoin and i was so happy i was able to make some good profits through that small window. So many missed it because it was a flash of pump and later dumped. But don't worry guys, it's going to cross the $9000 mark again and move on further.