sudden drop in BTC?

[iMark]

In the present days the BTC market is going down and there is some fluctuation in the price but that is just to test the patience of the traders and the investors because when the big fishes wants to invest the price just go down and they buy the BTC at low price and when the market recover itself and come to the original state then they just dump the coin and make a heavy profit.

I would suggest that you keep a strong patience and set tight. Market will recover itself.

Do you think that i am right?  Go ahead and share you thoughts about the current market situation and your point of view.

Yes you're right, patience is the only solution with this current market situation, I believe the market will recover. While waiting to rise up in the market, it will be great if we buy more cheap cryptos, it is opportunity to us to earn more profit.

patience and smart investing. if you invest in worthless coins, no matter how patient you are, your patience will not bring anything interesting

of course, you can not make profit in worthless coins, you will lost your money at the end of the day. It's better to invest in the top coinmarketcap so it's really worth to hold for long term.

Yeah the duration of holding will depend on the coins you buy, if you buy coins like a small altcoin, then holding and being patient is not the right thing, we know the condition for altcoin when bitcoin bleeds right? you have to sell when the opportunity comes and immediately cutlose when the price hasn't fallen too deep. but for the current conditions where bitcoin has decreased significantly, it's not something you should worry about. Recover is a sure thing, so be patient is not a bad thing for now (if you hold bitcoin)

[jhontwis]

Unfortunately, there are no strong reasons why the Bitcoin price will go up. The price is in the weakest state of recent times. It is necessary to think carefully before investing in this market where everything can happen.

[d3nz]

There is a huge support of bitcoin at $7800 then once it breakout and definitely it will go down more. And altcoins value is really been affected by bitcoins value.

We hope the value will increase and resist the drop of value of BTC.

[bison]

the decline that occurred was also not sudden. slow movements and falling demand makes prices worse. but now I think bitcoin has started to stabilize prices again. it will take a while to see an increase in the market because this market will be stable first and be strong to start the increase.

[jmigdlc99]

Do you think that i am right?  Go ahead and share you thoughts about the current market situation and your point of view.

It is highly unlikely that a sudden drop in Bitcoin value will occur, at least anytime soon.

The charts seems to be following technical trends and this is a good sign because it means that the bearish trends are at an end and that the bulls are soon to follow. If a sudden drop in Bitcoin value happens in the immediate time frame then that will demonstrate potential of how bitcoin price can be manipulated (then it will deserve to be dumped). Luckily it is not so.

[panganib999]

In the present days the BTC market is going down and there is some fluctuation in the price but that is just to test the patience of the traders and the investors because when the big fishes wants to invest the price just go down and they buy the BTC at low price and when the market recover itself and come to the original state then they just dump the coin and make a heavy profit.

I would suggest that you keep a strong patience and set tight. Market will recover itself.

Do you think that i am right?  Go ahead and share you thoughts about the current market situation and your point of view.

Absolutely, in everything we have in life nothing is really permanent and there's so much things that will happen unpredictably, change is inevitable they say, this principle also applies in crypto space because the market isn't controlled by anyone but is affected by traders, enthusiasts, and investors action within it as a whole. Aside from the assets that you'll be bringing inside and will use for transactions, it's your patience and faith that yiu shouldn't forget to have with you, because if such movements and changes in the market price happens and got you already affected and panicked then lead you inti making impulsive decisions then you might mess up everything you have and contribute to the unpleasant changes in crypto space.

[gaston castano]

I heard the news that Alipay prohibits payments using BTC and alt. I think this is what made the market go down. We know China is the holder of the most dominance in the crypto market. Of course the news that comes out will have a big impact on crypto. This is also a whale opportunity to enter and buy as much as possible, if you want to follow the whale scheme I think it's time to buy when the market bleeds.

[batang_bitcoin]

I heard the news that Alipay prohibits payments using BTC and alt. I think this is what made the market go down.

This is the news few days ago and it's true.
Binance Suffers Outage Days After Alipay Deny Bitcoin (BTC) Support
But I don't think that the drop was caused by this.

We know China is the holder of the most dominance in the crypto market. Of course the news that comes out will have a big impact on crypto. This is also a whale opportunity to enter and buy as much as possible, if you want to follow the whale scheme I think it's time to buy when the market bleeds.

Before it was China but not anymore although we can recognize them to have a big contribution to the market but I really don't think that this was the all cause of it. The market moves up and down and there's no need to find any reason for that. It's the description of being volatile.

[Krislaw]

Bitcoin-style

Price going up and down



source: The Rise and Rise of bitcoin

[Genemind]

Investing and holding Bitcoin will always be challenging because of its volatility. Lots of holders these days have given up mostly when the price falls down. There are lots of things that affect the market situation but we might not get affected and we must not panic until we reach our target goal here. Good things only come to those who are patiently waiting. We could only gain a good profit only if we'll have the courage to hold until the bull run.

[d3nz]

Market is very unpredictable and you don't known when it will go up or down and the best way to avoid getting REKT is trading it in usdt so you will not lose anything since it will maintain the value of your funds.

As far checking the market and speculations there will be a major drop but we don't know yet if that will happen since anytime it can give us a signal to rise again

[zeze18]

well, because everybody was like "the price will go up because of Bakkt launch!!"
it was clear to the institutions that if they drop the price, it will shake people out
thats investment psychology

That was whales game, make people panic with their wrong prediction. Then when people are exit their trade with loss, yhe ehales buying again and the price coming back.

[coinfinger]

I think that most of these are due to whales as they buys at different interval, some of the buy would have paid off at a time while some may not have paid off, imagine that a whale buys coin at $500, which grew to $10000, and maybe he bought also at $8000, so there is possibility of them dumping the one they invested in around $5000 to crash the market to $8000 so that fomo can come in and make people take advantage of buying at low price of $8000.

From here, if the fomo properly works as planned, it may push the price far above $15k for them to make more profit on their present investment, but it is a very big disappointment to them if I may say that not many people actually do pay much attention to all these drop again, and it would be impossible for people to invest out of fomo having known what fomo is all about now. 

[teosanru]

I think we are in a sort of flux the situation when OP made the best hasn't changed much since then we are still experiencing a lot of volatility market everyday is jumping up and down by around 200 points which is definitely something weird. Because the thing is despite of this flux situation market is still not able to decide it's direction on which way it could move. I am expecting a lot of bearish momentum upcoming because we are soon going to face a death crossover on the daily chart if BTC doesn't bounces before that I am afraid we are going into a long bearish mode once again.

[cryptoangel]

well, because everybody was like "the price will go up because of Bakkt launch!!"
it was clear to the institutions that if they drop the price, it will shake people out
thats investment psychology

That was whales game, make people panic with their wrong prediction. Then when people are exit their trade with loss, yhe ehales buying again and the price coming back.

I think few percentage was whales action and many peoples are said bakkt launching is affect the Bitcoin. So everyone have different set of mindset in BTC and long term investors vare never thinking the sudden drop and hype so mid term traders only affect this price drop.
Bitcoin is a volatile crypto currency so everyone know this fact and all are preplan the any situation.