BTC price dropped 25%; Should we be worried?

[krishnapramod]

It was expected that Bitcoin would end this year at $10K, but it went on to get past $20K and when that happened some investors were hoping for a dip and when the inevitable correction did happen, is it worrisome? No. The price was around 9,900 on November 30, and $20K on December 17 as CME Group's Bitcoin futures trading began, that's $10K rise in a matter of 18 days, simply not sustainable. One of the major factors for the recent bull run was the futures, but now obviously we are seeing a short-term correction which is healthy, nothing to panic or worry about.

[quocsi]

I do not worry. Bitcoin prices are down because many sell it too much. At the end of the year, many will sell their bitcoins. I think the value of it will soon return in early 2018.

[avp2306]

It was expected that Bitcoin would end this year at $10K, but it went on to get past $20K and when that happened some investors were hoping for a dip and when the inevitable correction did happen, is it worrisome? No. The price was around 9,900 on November 30, and $20K on December 17 as CME Group's Bitcoin futures trading began, that's $10K rise in a matter of 18 days, simply not sustainable. One of the major factors for the recent bull run was the futures, but now obviously we are seeing a short-term correction which is healthy, nothing to panic or worry about.

For another fork activation that will happen soon I don't think that we can see some 10k dip at this moment since we might gonna see some pump later since many people will prefer to hold to get some free coins from that event and also it's not right to get panic since maybe theirs simple manipulation happening and we might gonna see some huge pump after the dump come.

[h0lybyte]

This sudden huge drop is lucky movement for those who have earlier invested in bitcoin and are now taking their profits out but very disappointing to those who bought at higher price and lost their base investment like me. I am so confusing why bitcoin took sudden dip and unsure whether it will ever go $20,000 again or not? I will continue holding because cashing out at this moment will put me in huge loss

[dx_twisted]

BTC price have dropped 25% of it's all time highest. Currently at below 15k. What do you think is causing it to drop. Is it gonna drop more? Is there anything to be worried?

The only reason why it dropped dramatically is that of the continuous circulation of Bitcoin throughout its entire network. Even though the demand for Bitcoin increases, there are still more people dumping their coins, not because they are moving into other digital currency. But, using Bitcoin as a remittance which is an alternative to physical cash that being used through remittance centers such as Xoom, Western Union and the like. We shouldn't be worried just because the price drops down, we should look this situation in a more optimistic way. After all, one of the concepts of it is that being used globally as a currency and not considered as a digital commodity or asset.

[vingaard]

It's always the same...

[TERA2]

If it dropped below the all time low I'd be worried. Dropping below the all time high is expected.

[wildflower18]

If it dropped below the all time low I'd be worried. Dropping below the all time high is expected.

If bitcoin price will drop below $5k I will be worried. As you know bitcoin is always ups and down in terms of price. For now, I think it is normal because price reached high so correction will happen.

[armansolis593]

If it dropped below the all time low I'd be worried. Dropping below the all time high is expected.

If bitcoin price will drop below $5k I will be worried. As you know bitcoin is always ups and down in terms of price. For now, I think it is normal because price reached high so correction will happen.

$5k is the time to be really worried, what is happening i believe is the correction, everyone was blinded by the $20k ATH and believe it will continue to rise, but its really non sustainable an 11k price increase in just less than a month is just a bubble that is waiting to be popped.

[Idrisu]

It has dropped Further towards $13,000 and I think this is a very big drop and I think it will still drop further and if this continues it might be below $10,000 before end of this year. I believe and I will advise that we should reduce panicking as bitcoin will resume upward movement by first quarter of next year. I believe miner are not helping the matter as the mining fee has increased significantly.

[Tmdz]

Some negative news has compounded along with btc in an all out buying frenzy has fueled this large drop.  This large discount can continue throughout winter to allow people to buy up bitcoin and provide the fuel for next pump come spring or sooner.

Bitcoin really needs some time to cool off and go sideways.  This will allow people to purchase bitcoin from cashing in other investments, wages and tax refunds.  The 2018 ride is going to be epic so prepare yourself!

[Digithusiast]

This is a great buying opportunity.
With every step it goes down, buy a bit more BTC if you have the funds.
That will pay off big time. Patience is everything.

[iv4n]

This is a great buying opportunity.
With every step it goes down, buy a bit more BTC if you have the funds.
That will pay off big time. Patience is everything.

When ever price is going down its good to buy more bitcoins, and perfect is to buy it exactly in the dip. This correction is announced in prior weeks, maybe this is not the end of the drop, it can go down a bit more. I suppose that most of us expected this drop, for months price is going up fast without corrections and big drops, there isn't anything that should worry us, who have money should buy more bitcoins, the rest should be patience and don't even think about selling bitcoins now.

[hyet24]

There is a healthy correction currently happening in the market. Cryptos are very volatile, so it is common to see them drop 25% or more one day, and the same for increases. Having said that, you need to diversify to manage risk.

When I got into crypto trading scene.   I wish sports betting was like this.   Once you lose the bet the money is with the bookmaker. 

In trading.  It just happen it got cheaper than your original purchase but you still own 100% of it.   Like you buy .1 BTC at 15000.   You still have that .1 BTC no matter what price it goes to.   You have that control not like in sports betting.

I manage to get in 17200 before it go 18000 then it drop fast to 16200 and I waited like few days it went up to 17400 and sold it.   

[jeanpierre]

Well I am not worried at all, bitcoin went from 5000$ to 20 000$, I think we need a little bit of correction nothing can go parabolic forever...this is not possible so yeah a correction like this is normal and healthy for Bitcoin long term. People need to zoom out of the bitcoin graph and you can see every time it goes up a lot we see a correction and then it will go up again ! Lots of good news for bitcoin to be announce soon ( ETF, lighning network)

[keithieY5]

Big players make this crashing to make you  worried.

worry mean sell in low price and more profits for big players