Bitcoin falls by more than $3000, dropping through $13000 mark

[ethmoney]

Bitcoin and several other major cryptocurrencies plunged Thursday evening New York time as the end of an exponential year of growth neared. The slashing decline triggered temporary, built-in trading halts in the bitcoin futures traded on the CME and Cboe..

Bitcoin plunged more than 20 percent to a low of $12,504 according to CoinDesk, down more than $3,000 from $15,820 less than 12 hours ago. The digital currency recovered slightly to $13,545, as of 4:09 a.m., ET, but was still down almost 13 percent for the session..

[BitCare]

It's absolutely normal process. Market always needs correction, but bitcoin price was increasing without going down... I was waiting for correction right after BTC price reached $ 10,000, but it went to $15k and then to $20k level....

[danielwwt]

correction is healthy.

Need a big heart to go through this!

[jacksonmark30]

If you bought near the top and you are trading short term, I would suggest cutting your losses short and wait until the correction ends before buying back.

[7Pro]

It's absolutely normal process. Market always needs correction, but bitcoin price was increasing without going down... I was waiting for correction right after BTC price reached $ 10,000, but it went to $15k and then to $20k level....

I thought that is normal too. No market will go just one direction.
Stay holding or buy back now.

[JimmieA]

Bitcoin and several other major cryptocurrencies plunged Thursday evening New York time as the end of an exponential year of growth neared. The slashing decline triggered temporary, built-in trading halts in the bitcoin futures traded on the CME and Cboe..

Bitcoin plunged more than 20 percent to a low of $12,504 according to CoinDesk, down more than $3,000 from $15,820 less than 12 hours ago. The digital currency recovered slightly to $13,545, as of 4:09 a.m., ET, but was still down almost 13 percent for the session..

Although this is not a good news for investors but I think btc will continue to fall in the near future. However, this is also an opportunity for those who are going to invest in btc because btc prices will rise again. I think so

[fabiorem]

Welcome to Wall Street.

They have been buying since 8k. That's our support.

That's why the price have been skyrocketing so fast.

[Dapper]

Looking at the big picture though, it's be a wonderful year as a whole.   For those of us who have been since at least the beginning of the year (and even more so for those us who have been in for a few years), whatever happens it'll likely be a 1000+% year.    Compare to around 5-6% returns on my real estate holdings and around 1.5-1.75% in interest income from my various traditional bank holdings.   Stocks, okay a little better at round 9-12% but still, crypto and especially btc still win by a landslide.   The key is to periodically pay yourself a dividend (convert to fiat) from crypto when it's up.   Don't depend too much on some pie in the sky goal in the long run.  Don't panic when it's down.    

[DBerendey]

It is strange that it goes down at the moment - what would be at 17 and 25 january? When the first futures will end up.. if wall street guys play for shorts then it will go down more.. Maybe I am wrong and they just sell their futures and start to play for price rising? Without making a new futures..

[Yousint0r]

price only correction and will rise fast. i see more than 3 time bitcoin do same what happen now this year.

it is better time for buyers