Bitcoin Forum

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

There is no support/buyers for Bitcoin at $10,000. it is the "panic price" for traders cartel/gamblers since buyers at $6,000 will sell Bitcoin.   ;D

Nobody knows what is the real reason of this DIP, one thing is fore sure. This ups and downs are normal and is expected because of its volatility.

No news...  I have been scouring the internet for the past hour for a bit of news.  But there's nothing.  Maybe the bears were right.  This could be another long side ways market just like 2014 - 2016.

I wonder what the mood is gonna be at Consensus next week.  Lol.

6K-3K

$8791 is the price of the bitcoin now from $9,000 plus yesterday to that price at this moment. But don't worry because maybe after few days again we will see again 10k dollars . This is part of the process of the bitcoin when the price decreased it will increase. We need only is to wait or be patient don't panic selling so you can reach your target price.

These statements has been published four days ago but I guess the impact was been injected today.

Bill Gates thinks investing in Bitcoin is crazy, Warren Buffett calls it rat poison (https://www.pcgamer.com/bill-gates-thinks-investing-in-bitcoin-is-crazy-warren-buffett-calls-it-rat-poison/)
Warren Buffett says bitcoin is 'rat poison' (http://money.cnn.com/2018/05/07/investing/warren-buffett-bitcoin/index.html)

Too low why you come up with that prediction?  :-\

It's just a normal correction.

I couldn't find anything major in the news as a reason that would have affected bitcoin prices on a large scale, or at least as large of a scale as we have seen. Prices have simply corrected as a result of $10k being too strong for the upward momentum to break through.

Prices could move sideways from this point on for some time, but that in itself only gives investors more opportunity to buy in at lower levels in my opinion. Nothing to panic about, there isn't even that big of a dump.

So you think such meaningless news from Warren Buffet who is spread FUD against BTC for years can have any impact on the price?Well, that's really funny, I suppose if Trump say that BTC is a SCAM we are going to 100$...

I think this is normal development of events, since price is stay too long just above 9000$ level and it is failed to break 10 000$ this was expected.Also there is some reports that MtGox is moving some BTC yesterday, maybe he dump it again.But I bet "East" is again guilty for this price drop -more precisely South Korea : http://news.cryptoofkorea.com/2018/05/11/upbit-suspected-of-fraud/

It is only a correction. We go to to 2.500 and stay there for a while (2018-2020).

MtGox is cashing guys. I have seen some news about this information. But of course could be also a speculation.
the resistance point is near 8700. I hope we are going to see a bounce at this point.

Don't be silly, haven't you seen the news about Upbit? Possible fraud.

Kobayashi, Mt.Gox lead attorney has moved another 5k+ coins over the last 3-4 days it looks like. That could be a reason.
Another reason could be the search and seizure of the Upbit exchange in South Korea.
Furthermore there was not enough buy support to hold the 9k range. Sad but that's what probably made the price go down.

The prices didn't even fall to that low of a level.

I've been expecting this fall to happen for ages, because there just seemed to be no momentum to push us up above the $10k zone, where resistance was the strongest and there is also the psychological barrier present. When you actually zoom in in the past few weeks, you see growth of almost 50% within a few weeks, which can indicate an overheated market.

And whenever markets rise up like this in a short period of time, corrections happen. And that's exactly what's happening right now.

Gates and Buffett's comments on bitcoin could have been a catalyst as well, but I don't really see their opinions alone be enough to push prices down this much. Again, this is completely normal. Just because BTC has naturally corrected 5-10% within a day, doesn't mean that it's "dead" or anything, which I'm sure some bears will be quick to point out soon (wrongfully).

This might be the cause of it: https://thenextweb.com/hardfork/2018/05/11/south-koreas-largest-cryptocurrency-exchange-under-investigation-for-fraud/
The market is usually quite sensitive to bad news for exchanges (understandably so, given the past). Currently sitting in 4th place in terms of 24h volume, Upbit suddenly ceasing operations could potentially bring about the return of a bear market.

Timing is a bit odd, we were going down before this news was released, maybe some people in South Korea knew about the investigation beforehand and began to sell?

But if the Upbit news is the reason behind the dip, then I wouldn't worry too much about it. In January, bithumb was raided by police and there was a dip in the prices, but it lasted a couple of days. People should look at this dip as the perfect opportunity to buy some cheap alts or some BTC.

It's not even a 10% drop, so there is really not that much going on. For that reason it's quite funny when the price goes up like 10% people don't find it interesting, but when it falls 10%, they start freaking out.

Get your shit together and hodl through. It's normal for these price swings to happen, especially with how thin the market is. It only requires one relatively smaller dump to push the market down.

If the price falls down closer to the $8000 mark, which might not even happen at all, I will probably start buying some extra coins. The price broke through my buying range too soon, so this could be an opportunity for me.

Seems someone trying to dump price before Consensus 2018 (which take place in New York on May 14-16). Ithink Bitcoin will countinure rally after this conference...

Don't always look for exact reasons that price is falling, you will not find them. Beleive me, whatever someone might say it's just speculation. Some say that news from South Korea caused this but I don't support that theory.
Besides, it's not so huge price drop so there is no room for panic.
Volatility is natural part of Bitcoin, accept it.

Bitcoin will surely boom

There is indeed a small correction, but bitcoin is dropping less compared to other big coins such as ETH, LTC, ...
I agree with you, it's a nice opportunity to buy some more  :)

I don't think we have to worry the current market condition, its all expected nothing unreasonable. It is just a healthy correction from Bitcoin because in the last few days we have been rejected in the strong psychological resistance level which is $10k.

That could be it.  The market is obv seriously spooked with something.

On the other hand I wouldn't find it surprising if this is another just fud laden event to get everyone to sell crypto down.  Korea is the new China it seems.  Lol.

Bitcoin was dropping to its high-8000s support last night, but it broke through that because of the Korean exchange news. That is the news that is causing this fall.

I do not know about timing, but there is a possibility that someone had information what will happen and start to dump coins, and since South Korea is very important market it has reflected on the price. The current situation shows us 900$ drop in price in last 24 hours, which does not look so good at all, but it does not look promising also.

However, maybe you are correct and price will start going up after Upbit case is solved - under the assumption not to end with some tragic outcome.

http://i65.tinypic.com/aau59z.jpg

The news say that the largest exchange in South Korea (UPbit) has been searched by authorities.
UPbit allegedly sold coins they did not have and that would be fraud.
Bad news about major exchanges always drag the brice down. But experience from the last years has shown that this dips usually do not last very long.

fluctuative is a normal on crypto right ?

It's actually very simple, the market does the opposite of what the general public expects.

Know that when the mass starts speculating about an increase, it's unlikely to happen. If the mass actually believed that the price would increase, they would have bought and kept buying, but that's obviously not the case, which explains why the $10,000 level is more of an obstacle than most people were thinking initially. As always, empty speculation doesn't yield anything, actions do, and in this case it's a minor step back.

In the same way it happened with how most people believed we would have to go down a lot more in order to properly recover, and it went up without going down more, which again is an opposite market reaction. The most that we can expect from the market is to consolidate around current levels. It's pointless to speculate about increases when the incentive just isn't there; be happy with consolidation.

If I understand the UPBit news correctly, they haven´t sold coins they
didn´t have. Instead an executive embezzled customer funds and transferred
them to an account in his own name. Therefore this doesn´t look like fraud by the company
UPBit to me and instead more like an executive that has gone rogue.

Anyway, I don´t think this news is responsible for any price action. No one
really cares about accusations of embezzlement against a Korean cryptocurrency
exchange (except the people directly involved). Besides, it was rather stupid from
the executive, because of the stricter regulations regarding Korean exchanges that
have been in place since a few months. It was obvious that the perpetrators won´t
get away with a scheme like this.

Exactly, just like what I thought. This is just a temporary pull back, some kind of dumping trick before the start of Consensus 2018 few days ahead.
It would rally up to $11k, thats my prediction.

it's really true and most of the ones that make bitcoin prices to fall and fall it's caused a lot of bad news about the good name of bitcoin that happened this season

I don't consider it as a correction because a correction can't just be justified in just a short timeframe. That's why it called correction in the first place because it will be the aftermatch of the specific reasons why price decrease. So no, it's not a correction but maybe a normal price movement or there really is a sudden event happened.

But since there's a news about moved BTC's from MT. Gox wallet, we may considered this as "one" of the reason why price decrease started but we can't say totally that it's the specific reason. It's just that we can take that as reference if we are doing analysis out of charting.

Whatever the reason is, considered this time to increase your stash as waiting too much for more price decrease just to make another entry will result in regret.

this is an ordinary thing, it is not possible the bitcoin price will always go up. do not panic we will soon see bitcoin prices exceeding $10k.

Yeah its MtGox again  whos the reason behind this dump,just like what happens last time,they have move another set of large volumof bitcoin


http://coindata.info/mtgox.php

There the last time I checked their site its more than 140,000 of bitcoin and not look at the volume

Looks like a combination of the raid of the largest south korean crypto exchange plus the MtGox trustee selling off another 8000 Bitcoin today. There will continue to be periodic crashed probably for the rest of the year until the MtGox trustee is done selling their Bitcoin.

What could justify the raid on Upbit? Didn't Assange tweet about the price hitting $10k on a Korean exchange (https://twitter.com/julianassange/status/935177898285322241?lang=en)? I will laugh if authorities were trying to freeze WikiLeaks' assets. The best way to stop whistleblowers is by being transparent  :D Oops my bad - different exchange. Gonna research Upbit. "local police believe the exchange has faked its balance sheets" yeah ok that doesn't explain the crash.

The current bearish trend is expected since bitcoin and others coins has have steady upwards price movement since end of last month. Traders are taking profits and this is not new to all us. You should not sell your holding out of panic because you are going to regret if price bounce back.

There's no demand and as people see that the bull run is over, they are trying to sell quickly while the price is still high. I don't think that we will fall below 6k, that mark seems to be a very solid support, but prices around 7-7.5k are quite possible. If there is a sideways market in Bitcoin, we are pretty much stuck in it for now. Summer is not a very good time for crypto on average, so more movement should be expected in the second half of the year, in August and thereafter.


The rumor has it he still holds around 160k bitcoins. Let's just hope he doesn't sell them all at once in the open market.

There is no support at 10k, I have been sitting out since the pump a few weeks back. Market will always have its ups and downs

Yeah that's a strong mindset mate, we should not be afraid of what's been happening these few days ago because I am confident and I think more people is more confident enough that this fall is just a good signs that bitcoin will eventually pump this month of May. Lets just be more positive and never lose hope, and all those struggles will be over soon.

Fluctuations happen anytime and this is normal. People will do have a  transactions and probably that time there were several people who made some huge amount of transactions and this gives an impact to its value. Well, if you just be looking at a long-term basis, I am sure you will see a huge increase about its movement.

Its because the Mt. Gox trustee is moving the coins again, so it could be that he dump it again in any exchanges sending shockwave and panic again that's why the price has plummeted again. Really sad to see, and I don't know why the hell did he offload at this time when everything seems to be back and bull run is about to happen.

https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/

not surprising given the technicals. there was major resistance at the 200 day MA---we basically bounced right off it and crashed. that level, and the $10k psychological price, were too much to overcome.

it's looking more and more like we're in a big bearish triangle (https://bitcointalk.org/index.php?topic=3560832.msg36632293#msg36632293) on the daily chart. this is from peter brandt a few days ago:

https://i.imgur.com/TwGkqSL.jpg

I want to say this ain't normal but if we'll study the case on bullish trend of bitcoin last time, that ain't normal too.
Still ordinary and although it's a bit disgusting whomever is and whatever is behind this, keep on holding mates.

Exactly, i think a lot of people actually weren't surprised by the correction and were expecting it to happen. People said that we're already out of the bear market and into the next bull market, which I think is false.

Market sentiment isn't that bullish yet, it's just impossible to get enough momentum to actually push us towards a full bull market when the start of the year saw a huge dump from $20k back to $6k.

This rally was cut short with the resistance at $10k being too strong, that's the only reason. As I said, I don't see any specific news in the media that could have influenced the price this strongly.

Yes I agree with you that bitcoin is very volatile however as we all know bitcoin now is very liquidate cryptocurrency and there must be a reason why bitcoin is falling , news has great impact to the bitcoin community eitheir good or bad

I think there is no specific reason for it, I think it is just normal. We always experience some correction and I guess we must know how to use to it. Bitcoin price is not falling like a rock, it is just a normal decrease of price, maybe of some panic sellers, that's why it falls down a little.

Bill gates so happen to be a supporter of bitcoin but why he is now saying that statements about it now, Buffet and Munger don't know how bitcoin and blockchain work, saying it is a worthless gold and a rat poison that may have a bad ending on the future? here we go again for trademarking the future, yep other people did the same bashing to the internet when it is starting look in the present they are using it what funny critics, they probably have bags of bitcoin hiding to their wallets.

Nearly 1000$ variation in bitcoin price compared to few days back price.In a week the price correction will occur and the price of bitcoin reach 10,000$.To avoid loss in such interval,you have to hold the bitcoin.Only if you need money for emergencies,sell the bitcoin.Or else just hold it .

That's not very reassuring at all. You're telling him to not to worry but you are not sure with what you said.
 Just get used to this fluctuations, and always remember to never sell lower than your point of entry unless you want to regret it later on. Whenever I see dips like these, I make it to myself that I will never look at the market for maybe at least 2 days so I will not think anything. It takes the stress out of me.

Indeed, Holding on to bitcoin at the moment is the best thing anyone can do at the moment and i am sure bitcoin will regain it's value like it did in the past, but panic selling bitcoin during the correction makes more damage to the fragile market.

I also surprised what is going on? This is the main problem that many people do not invest in bitcoin. Almost $500 decrease in the price. if somebody invested $500 just one day ago he lost all his money. To be the mainstream in the future there should be no huge bumps and dumps in the price, otherwise people will not invest their money in bitcoin.

Bitcoin must hit at last 15k usd in this-next month. I mean in May-June. Just some bad people want to dump with negative news spreading fuds (like Bill gates), but they cant. Most of people believe in BTC big future and investing.

Do you realize how tiny the whole space still is? Do you know that many traders are not very experienced like in forex or stock trading?
And when you buy at price x and 24hrs later it's down 500USD, you haven't lost any money if you haven't sold! This called unrealized loss!
It seems you still have to learn a lot. Bitcoin will be wild and volatile for many more years. But these will also be the years where your ROI could be HUGE if you have the patience and strong hands, and not going crazy with every 1-10% move!!

Well, I have not heard any negative news about yet, so believe it is a normal market correction that use to happen and with time it will bounce back to above $9,000 no doubt.

We could have all the noobs panic selling ar $6k indeed, but The Powers THat Be are watching closely, we don't know when will they get triggered to enter in with full force. This can bea t any time, they may decide the price is low enough for them to start the transition from gold/fiat to Bitcoin reserves. Remember the fact that the infinite debt is a nightmare that cannot be paid, therefore fiat is dead. Gold supply is manipulated and nobody knows where gold is standing right now.

Bitcoin is therefore the de-facto best way to have reserves of last resort for not only individuals but States. The question is, how low will it go before they start? who knows. I think we still have to get rid of a bunch of idiots that don't deserve to hold Bitcoin, to go to the "moon" in 5 to 10 years (and by moon I mean $1+million of course.

And it will probably recover anyways. I'm just a bit wary of the mtgox selloff since it may cause a panic slide that can drag btc quite lower but since i'm just observing any current happenings, i'm not too worried. And btc eventually will still recover :)

Mt. Gox trustee offloading again, Bill Gates + Warren Buffet and then South Korean's Upbit issues. That's the recent news that really affected the price in a negative way causing it to go below $9000. But I'm happy to see the price hovering above $8000 even though we have a lot of pressure because of those news. But as far as $9000, its to hard to say when we are going to get to it. The New York Consensus week just ended, although it has brought a lot of optimism, its still not enough to offset the and sway investors to flock to the market again. Its going to be a wait and see attitude until such time that there will be news coming out that will change their minds and pour their cash to the ecosystem again.

It has fallen flat for those people who thought it is failing like a rock and now they are realizing that it was a small fall and now btc has started rising again. Thus they would have sold it if they had bought and probably would have sold in loss or profit would decline if sold at lesser rates.

every situation in the market is normal and temporary which is it will stabilize again after it gained enough strength and will continue to bullish and touch down new ATH, so no need to worry if it falls like a rock 'cause surely it will soar again and again that is the fact after the worst situation . So just relax and put more patience on it.  

This is the common fluctuation,so need to worry for that.Now the bitcoin price had positive move.Bitcoin price had reached to 8300$,may be tomorrow the price will get back to 9000$ .I was holding for the 10,000$,it was my long term desire.Why don't you hold your coins till the raise.

With exchanges like bitfinex giving authorities information about their users and Binance under radar, people who tend to trade cryptocurrencies for its anonymous feature are getting away. Also SEC's extra involvement in ICO conduction is creating a FUD that regulations may follow. Volume has decreased significantly because all the big traders aren't ready to enter the market in this situation.

So much bad news in the market that has been told by different articles so that's why we are all suffering from those sources.
There's many of bad news out there, you aren't updated mate.  :-\

This is normal fluctuation in Crypto market again market it is slowly growing. Bitcoin is the decentralised platform so we don't predict the future possibilities of this coin. It will going to pump and dump both are happening in anytime. So we should think positive it will help to future journey.

Relax guys this is the very nature of Bitcoin. We have seen growth in the past months or weeks now the volatility is kicking in this is just part of the game just play safely

right now the bitcoin has started to move pumping the price. so if my suggestion is better keep your bitcoin to be made long term because with time not long bitcoin it will surprise us

Do you mind sharing a link to the "bad news"? I have yet to see negative news that could tank the price. All I've read for the past couple of days are either bullish articles or bearish articles (oh, and the usual FUD), nothing relevant that can explain the current state of the market.

I think we shouldn't try to pinpoint an specific reason (in this case, news) for the current downtrend, this happens all the time in the market, and 99% of the time we'll never know what exactly is the cause of such drops.

This is called volatility nothing to worry about,  it might catch up the 10k price by the end of this month of May. It has been long enough that the price was rising now we face the down trend but i dont think this is going to last long anyway- the falling of price. It will recover soon.

Whenever I see this type of post the price of bitcoin drops for days, and the possible reason for the decline of bitcoin price? the regulations, these regulations that are happening in many countries are creating fear in people, they are restricting the exchange and this is everything that causes the price does not increase because it has no demand. Well this is just my opinion, I may be wrong.


as I said, I think it is due to the regulations that are happening in many countries


You took advantage once again to spread your poison.

Not sure why the price fell below the daily average and weekly average. I assume demand is increasing on a weekly basis and I'm willing to wait-out any crash, therefore I'm buying very aggressively right now.

Indeed. If bitcoin breaks $10k and holds, I expect it will be from a gradual increase instead of a sharp spike, since the market first has to absorb the volume from investors who plan to dump at $10k.

Yeah bitcoin happens to be lot weaker than what we used to remember it. I consider that it is still great investment in economical crisis time but we observe bitcoin doesn't stay at same place after huge crash.

There is no specific correction in any cryptocurrency the movements of bitcoin's value will be in the hand of the investors of it which is us. If the value decreases and we decide to sell it down for sure the value will decrease more so we should think first before we do anything because it affects.

Yeah, and that's why crypto community will always tells us to hodl if we see the market is becoming red. Also, FUDs and FOMOs can also give the price movement affect its value. So, if we see a red market it's also our opportunity to buy some coins because we know sooner or later price will definitely increased.

Its not that easy to hold bitcoin particular on those investors who has no other sources of income especially those retired from their job and the only source of income was cryptocurrency. I am always confident like you that bitcoin will be gaining the price value again to the profitable digits, but for now we should wait and keep calm while the volatile market still happening due to corrections which was due to panic sellers whom always made price much worst to spike up. Just hope and be confident that we will still survive until bitcoin will recover its momentum again.

I fell asleep and it turns out bitcoin prices are sufficiently corrected. If seen then almost all the market has a negative position. Yes bitcoin prices seem to be experiencing waves, prices are rising and falling. It is unpredictable in which way the bitcoin will move. It all depends on what we do and remember that do not ever panic sell, because it will actually make the price worse off. Buy and use hold bitcoin because it will increase the bitcoin price stably.

The price movement are quiet slow in the past months and more stable right now but I think no matter how hard bitcoin fall it can still bounce back and make a new all time high. A lot of challenges on bitcoin this year, but in the end it will succeed and make us more profitable at the end of 2018.

The price is really going better from a few months and the price will be better after the mid of the year as happened the last few years so this year the same will happen. he is totally wrong that the price of bitcoin is falling like a rock as the rock immediately touch the ground while the price of bitcoin is still much better than the price of it in the previous few months.

I'm sure that you have heard them off. The effect of it stays until today and I'm talking about Bill Gates and Buffett. There's another one about Gate's company but I don't think it has an impact as I don't know if someone here is using bing.
However there are good news out there despite of the bad outcome the market is showing, these good news seems to have no effect.

We cant do anything about that, there are some issues cryptos are facing now..just like the banning ussue in india. The low price will not last until forever. In time and in not to long, we will be able to.see it recovering it's good.state price. We habe experience this before and we know that it will recover again.

So many issues and news affecting this price and it is always like this falling like a rock. Banning issues, less adoption and less demands really bring to bitcoin price falling. However, there's more months to go and let's observe the value there could be more good news arise.

because of this:
https://bitcointalk.org/index.php?topic=3326533.0

For the long term view, situation in every market can be pretty good, but at the same time, you also have to understand that the possibility of falls can still always be around the corner most of the time. The thing here with bitcoin is that nothing is guaranteed and to me we are still in a pretty much bear market and anything can simply still happen but like you said, it does not really matter since in the long term bitcoin is still bullish.

Everyone here wants a new ATH everyday. No exceptions. But, practically market is doing its best. There are sometimes the whales are manipulating but now a days those chances are very less. $10k still remain a big barrier physiologically. Hence we may expect range bound for some more weeks.

It seems that investors wants that bitcoin price will play at $7.5k to $9.5k as no buy support to push or break the $10k wall.

Not really. I was openly "disappointed" when Bitcoin just kept pushing past ATHs on its rampage last year. Chiefly because I hadn't acquired my personal target. Every time I earned more, BTC price just kept meaning I earned less coins, the target seemingly impossible to achieve. So it was bittersweet at times to see the fall, I actually hit my own target this year thanks to I guess what one might call incredible discounts on the ATH.

But yeah of course, we all secretly want BTC to make it impossibly big, even if our sights are set on future dates years away. The market is doing its best, as you say, my only concern is that it simply won't stay still to consolidate.

Yeah sure, and we are still holding up a little bit around $7800 to $8000 right now, which I am going to definitely be turning my bear cap on once we get to break this support.

Obviously, we cannot always have it in one way and from the look of things, the psychological barrier could not be broken, which makes it slightly possible that we may be going a bit downward the more, but time will definitely tell as we move on. However, bitcoin is still moving good and fine for the long term, so the falling like a rock is just bull shit.

It is not true. Bitcoin is not falling like a rock as well it is not falling and not following the decease trend. Conversely according to your statement Bitcoin is stable and followed an increase trend from last month and slowly the price became stable at 9k dollar and now it is stable at 8k dollar so this is not as like a falling rock. Bitcoin in the upcoming days will show its strength and will emphasis its value higher and more than that of its previous highest jump.

This year BTC crawls very slowly. Can't say it' falling like a rock, surely, it will go up soon, but steadily. And there is no guarantee that green line will countinue more than this red one

Normal day fluctuations, either that or some fake news probably floated about. I saw that the Mt. Gox trustee moved around some coins recently. Not sure if they sold them, but that alone could cause enough panic in the market to "crash" it down for the day.

fall we must to sweep out the bad

There are several reasons why bitcoin is falling like a rock. Some are bad news against bitcoin, panic sellers and billionaires who can control the market.

No matter what happened we all know that in the long term the price of bitcoin increase and this time it will increase too so we have to wait for a long term and will get our fruit in the long term. It is sure that the price of bitcoin will increase in this year as in this year many new adopters came to adopt bitcoin and after that the price will increase more because people will prepare for another halving to get the profit from the rising price.

We can't say is just a normal correction cause definitely it won't be a fall like that. It could some hacks in some exchanges, FUDs and market manipulation by some big whales. Looking the market trend today, volatility is getting strong and may prices are unpredictable to. It is better to be preferred every time and be on watch to our investment to fully secured from possible losses. 

Normally this is happens in the market but still this much of dip is never expect. Continuously dip occurs there is no change happens in the market. Dont know what is going on the market. We have to do only one thing just buy more bitcoins and save it for future. But surely the market will boom in upcoming days. Still that you have to wait with patience and hold the bitcoin that you have. Hope maybe this is the last dump in the year hereafter the price will increase lets wait and see.

There are so many reasons behind the fall and rise of Bitcoin and no one can find out the real reason for that. It might be the sharks selling bulk quantity or the negative news spread around or the correction, it can be anything. As everyone aware that crypto currency market is always volatile and the price fluctuation will be always there.

not like a rock, but like a child playing a slide. rock falling against the angle of 180 degrees  ::)

It can fall in any way but don't fall free. :o Just a few days, many people are sitting on the fire, it's hard to believe it's happening so fast.

The only way you could be truly disappointed (I understand that you were not, of course) by Bitcoin crushing ATHs in the second half of 2017 is if you had been shorting. Remember that dude who lost gravely by shorting something like 600 BTC when Bitcoin's price was at a measly level of $1000 earlier that year? This is what real disappointment means in practice. When people feel kinda disappointed when they sold too early while Bitcoin continued to surge, this is greed at its best and max. But this is nothing compared to real losses which you would suffer if you shorted at $1000 and then your account got wiped away with your positions liquidated forcedly by the exchange.