Bitcoin Forum

any ideas why bitcoin reversed its trend?

regards

Futures dump bitcoin, but I think it's a silence before the storm. Big amounts already are transferred from altcoins to bitcoin

I have been watching bittrex all day and in the last few hours the volume of BTC has increased significantly due to panic selling. BTC actually hit $14,400 today so at $15,490 right now its actually recovering a little bit.

Panic selling can create a nightmare for the price. Everyone sees the price dropping and wants to unload to avoid loss.

history can repeat itself. will be something like this autumn or spring 2017.
Now the market has a lot of fanatics who think that growth will be endless.
I agree that this is the beginning of the storm

IMO it will be at ~10k until the end of the year.

Yeah I can attest to that. I've had to grit my teeth as a new investor and listen to all the HODL! advice. It doesn't make sense to panic and sell at this point in time because I'd be losing a thousand bucks for no reason. All it takes to turn it around is for the price to bottom out at some steady value (seems like 15k range is it) and everyone will try to scoop up some more BTC for a quick gain. That should cause the price to head back up.

Yes. this is exactly what is happening. Panic sellers are missing the opportunity. The price will rise very fast again. I think most of panic sellers have sold their coins and now it is turn of people who are patient to get their reward.

Its only 20%. Prices move up AND down. It just rose 2000%. I wouldnt be concerned unless it drops 95%

but why be owners of bitcoin is important there are now 1400 other cryptocurrencies, with lower tx

regards

Impatient people mostly doubt when they see price kicks for more and this time is not the right time to get panic and mostly this time is the best time for opportunity gathering since we can even earn more money if we would grab some bits on our hands. And high patience people will be the gainers for this flactuation game of bitcoins.

I think it's normal the chart is very healthy.. bitcoin is unpredictable as well as altcoins. i wish the bull run is coming and all of us will be rich.. it will be the biggest gains next year and i predict it. to all those people beyond bitcoin we're so lucky that we're Satoshis Millionaire

This actually doesnt look like the crash at all. Based on this chart we could be 40k by feb

price is  not important. bitcoin pumping from 10k to 20k in one month it’s easy to back to 10$ and will be normal price.

problem with high paing to send 

That is probably all that i tried to explain to this random newbies out here saying "Oh hell, no, i am going to invest my investment! I bought at $8000 and i am now worried about seeing the price over $16000 because it dropped!" Came on newbies, stop spreading fud.


What do you mean with this? High paing to send? Do you mean Pain? Who is in pain about sending money? haha.


if you meant high fees, then you are absolutely right, i am going to receive a payment on localbitcoins in a few hours because i want to sell some bitcoins, and i need to pay $25 WORTH OF FEES, only to see it on my wallet.

Oh my fucking god, why do i need to pay $25 for an incoming transaction? What the hell..

it's a typical correction. during this epic rally, we have regularly seen 30-40% drops along the way. if history is any guide, then we should probably be ready for the price to drop another 10-15%.

we could actually drop significantly lower than that and still keep the logarithmic uptrend intact. right now, the trend line i am tracking is ~ $8,100 and rising. as long as we don't break below that trend line, then the parabolic trend can form a new slope and continue. as long as the trend holds, i expect a very strong bounce and eventual new highs.

I thunk better to buy bitcoin now because for sure after few days of dumpong maybe next week we see again the price become 100k dollars and if that happen we can make more profit. Better gonna do to those people have bitcoin in their wallet right now is hold your bitcoin and don't be panic becuse if you sell your bitcoin you lose opportunity to earn big

Since it's impossible to know the exact reason, we'll just assume that it's a normal correction due to the market being exhausted. It might look like a bad thing for some people, but we just have to accept this ~ it's Bitcoin after all.

It requires so much liquidity to just keep the price around current levels, that if there is not much fuel left to thrive the market further, we'll go down, it's simple as that. It will be a healthy pull back.

It allows fresh capital to enter the market due to them now being granted a better (cheaper) entry point. I don't know where this will go, but I can't really see it falling below the $10,000 mark again, at worst, a potential test of that level.

If it was serious as people are worried about, the price would have dropped much money by this time and much faster. I don't think it's strange as we saw BTC price increasing on the same speed or even faster days ago. The reason is just some whales wanting huge profit as always...
The year didn't finish yet and we may see positive surprises soon, Santa Claus won't disappoint us.  ;)

It's this sudden ups and downs that shakes off weak hands. Prepare for a thriling ride, I can sense a wild shakeup coming soon.

Yeaaa what i believe is that people mostly withdraw their bitcoin into fiat becsuse of in needs shopping for christmas.
After the new year it might get recovered ( not sure actually ) as if before the new year bitcoin get dropped too much.
People will feel have nothing to do but wait until it reach the lowest.

if bitcoin price down up to 20 % or more certainly will make people panic, some people will selling their bitcoin to cut loss their money and some people try to keep holding their bitcoin and hope bitcoin price will increase again.. bitcoin is always unpredictable, keep optimist bitcoin price will recovered..

As terrifying as this crash is right now, its mostly just because the price is so much larger than it used to be, so it seems worse. But it won't even be as big as the june/july and sept/oct crashes until it gets under $12k. Both of those crashes dropped just over 40%. We might just end up having to wait a month to break $20k. With all the new money that has come in the past two months I'm sure lots of newbies are panic selling.

Okay, if you look at previous pumps then you will quickly notice that this isn't the first time that bitcoin has done this. Back in August, there was a crash. And then China banned exchanges and then people panic dumped. Right now it's about the same. People are panic dumping because they are scared of the imaginary "flippening". And this correction is probably going to only be temporary before pumps take on another toll.

$20k is going to still be hit either by the end of the year, or next year.

Trend reversals never ever become permanent. Even if this was the end there will be a chance to sell at a higher price, but i don't think it's over yet

The market right now is down bitcoin as well as alt coins, people lost trust to the coins when the problem occur with bitcoins long transaction confirmation and higher fees, many people say that this is an attack of bitcoin cash to clog the network so that many user of bitcoin will go to them .

You and I both know that bitcoin cash won't last too long after this.

What we're seeing right now could possibly be a repeat of what happened around a month earlier this year, when BCC hit somewhere around 1,500 or something while bitcoin was dropping. Right after that, the high stake investors who moved over to BCC quickly pulled out and then put back into bitcoin, resulting in a BCC drop and a BTC rise once again. It's just the cyclical nature of the coin; there really isn't much to worry about right now. I'm sure we have some nice cushions at the 12k range.

There has been a heavy panic and has made alot of people to sell their bitcoin(s). But that not meaning, bitcoin is gaining a new place for a high increase, cause, the high rate in bitcoin price was very high in the past month. Now, bitcoin is settling for the new price for next year.

bitcoin give us Christmas gift and we can buy more bitcoins in cheap price.

many reason make cash but we bumped a lot during 2017

Maybee it beggined as a soft market correction and now it is a panic sell. Next year BTC will rise, it's normal, it happens so many times in BTC, just hold and buy. Don't pay so much attencion about this dump. It is a long-term investiment guys.

reminds of classic pump & dump as in altcoins, nevertheless some coins are pumping right now ;D

   Maybe this dump is connected with revival of segwit2x hard fork. Fork is scheduled for 28.12. https://bitcointalk.org/index.php?topic=2595620.0

   So, the Big Guys drop their BTC, price drops, the New Guys start to panic sell, price drops further more. The Big Guy buy BTC at discount prices, and accumulate more then they had before.

   So they have better position for 28.12. segwit2x fork. Standard procedure.

so after the fork network fees and capacity will be fine? or that segwit2x fork will create a new coin like BCH or the likes?

It's fantastic for me. I glady bought as many coins as possible (of course without going all in) at slightly above $11,600, and if we see a further decline, I'll stack up even more coins on top of that. If we look realistically, it shouldn't go below the $10,000 level, which should indicate that we aren't far from the bottom now. If the price does happen to tank below the $10,000 level, things will get really interesting. In a market like this, it shouldn't reach all that far down, but we never know in a market that right now gets dominated by fear. And btw, what altcoins are going up? Even the altcoin market is getting sold heavily, so it's something affecting crypto in its entirity right now.

   As far as I understand the " forks " , these are all new coins, because none of them is backed by 100% community.

BTC Will Go up 20.000$ in 1 month.

I think people are really fed up of high transaction fees, the recent interest of people towards bitcoin has attracted a lot of newbies but they did not realized the fact about high transaction fees and time taken to process one acceleration, people are getting fed up by the time taken to process one transaction. Despite of high fees, transactions are not getting processed. Mine transaction is stuck for the last 10 days, you can only wait to process nothing else. But this is acting as a drawback and a reason for such a fall back of bitcoin's value.

we can't imagine the bitcoin movements because it is the crypto world and here every thing can happen any time sometime you will say that the prices are falling but in the second minute you will see the graph of prices are growing up. may be the value comes to the 15k but i am not sure that after that it will fall down or it will move ahead for the increase. bitcoin prices are now come to the stable position because now the price is $13000 which is very low from the last week

Ok lets be realistic

1 October 4200
1 November 6700
1 December 10000
20 December 19000

And we are complaining about it going back to 10000 (1 month back in time)

This is no crash. This is a correction caused by the Gold Rush Gung Ho "I needz dem Bitcornz cus me gotz to get Milionairz" investors.

Haha exactly. There were some wealthy people who went in in the beginning of December to profit from the rush caused by futures. You could see on the charts that the more we were closing to the 20th the slower it grew and we needed much less volume to push the price up by another $100. Everybody knew it was about to correct, although I personally thought it was bound to happen at least a week ago. People seemed to be waiting for something crazy to happen on the 20th like it was supposed to be the day of reckoning or whatever :D As always whales are taking their profits weak hands are selling with a loss and the holders are holding. I've seen plenty of it in the last 3 years.

Only the short term trend has reversed. In the long run it's still rising in both value and popularity.
For the trend to reverse in the long run the price would have to reach $1000 or even lower levels and it's not going to happen. If you agree then there's just one thing to do: buy because it will recover if not tomorrow then next week or next month.

It is normal bitcoin is unpredictable since start and it is not a big deal in past more heavier falls occur and bitcoin again recovers to its back prices and this is the most impressive thing about bitcoin that it gives a lot to the user and to the use who is true believer bitcoin bless them more and still there are people like me who are still supporting bitcoin because prices will rise back and will fascinate whole user community,

all who were in this for a long time now it will come back very soon afther New Year i am sure it will be back as once said Arnold "i will back" ,just wait a little   ;) ;) ;) ;D