Dropping again like a stone

[eann014]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

Maybe the whales just have their techniques to gain profit, maybe there is nothing wrong with it. They are just doing what they want and what they think they can help themselves. Maybe they just have good strategies but yes most of us bought and paid money in because they thought they can gain profit in the future but as of now it is getting lower and they are just losing money.

[gorodi]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

Welcome to the cryptomarket. Now you should be ready for these situations as the market is extremely volatile. Just cheer up and be ready to work much!

[carlisle1]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

what kind of people is this one?nervous type or just weaker hands,stop acting as if your concern but the truth is your not.you only making the issue worst,coz if you are,then keep silent stop crying like a cow,instead read about the real happening.

I don't routinely watch news, but I have noticed that CNBC is joining the big unlubricated crypto gangrape by quoting Goldman Sachs, who said most cryptos are going to go to zero and that they have no intrinsic value.   Those things may well be true, but I'm starting to feel the vibe go bearish. 

I'm interested to see if we can rebound from this.  I'm hoping bitcoin itself does--everything else can go gargle a dong for all I care.

know what is great thing to do?stop watching news totally so you will not feel such vibes

[maxamus]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

Welcome to the cryptomarket. Now you should be ready for these situations as the market is extremely volatile. Just cheer up and be ready to work much!

Yes that's the fact and the way crypto market works and that's why it's not a cup of tea for everyone and it requires lot of patience and too much of research and active participants.

[Stedsm]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

I feel that the big picture is yet to be revealed unless all the chaos gets stabilized.
It's not Bitcoin alone, and it is not for the first time that it has fallen so badly.
There were times when Bitcoin crashed more than 500%, this is nothing compared to it (considering ATH instead of beginning of 2018).
There were days when everybody enjoyed making Bitcoins through altcoin trading when Bitcoin crashed or stabilized.
It's not going to end up, but we are in going to have a new beginning once again.
Try to understand the situation, it's not the way we are seeing it, it's our fight with the so-called traditional systems who had been ruling our countries and are trying their best to snatch our independence towards banking on our own.

[imapessimist]

The price movements are strange.  But as for these bankers.  Who is to say these whales who control Bitcoin are any better than bankers.  I'm not saying they aren't any better but it makes me wonder if they are.  People haven't just got money to gamble and hope they won't lose.  They might.

[tomahawk9]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong. 

Wrong? what did you expect to see in an unregulated and highly speculative market?
And I believe we haven't seen the full power of whales and the rest of the people that are trying to tank the price. But as of now, this is the wild west (cryptomarket) so there's no right or wrong like you said.

I don't routinely watch news, but I have noticed that CNBC is joining the big unlubricated crypto gangrape by quoting Goldman Sachs, who said most cryptos are going to go to zero and that they have no intrinsic value.   Those things may well be true, but I'm starting to feel the vibe go bearish. 

I'm interested to see if we can rebound from this.  I'm hoping bitcoin itself does--everything else can go gargle a dong for all I care.

Bro, CNBC always follows the bearish trend whenever there's a small dip in the market, although once in a while they do have some positive news about bitcoin, but to be honest, people (well, mostly btc users) don't actually pay attention to the clowns from CNBC when it comes to BTC news. Besides, it doesn't help that they've been accused of being completely biased towards BCH (some people find out about the cnbc staff collusion with Roger Ver)

[1Referee]

it doesn't help that they've been accused of being completely biased towards BCH (some people find out about the cnbc staff collusion with Roger Ver)

I think the main thing here is that Roger has a very long track record in this ecosystem, where he has done quite some things right in the very early days. I am still somewhat appreciating what he has done back in the days, even with how he is trying to defame Bitcoin in current days. He is well spoken, very active on internet, doesn't mind to represent himself and his BCash project on the mainstread media, and they (CNBC) like his personality. Add that the majority of the people representing CNBC Fast Money are utter noobs, and there you have a bunch of noobs looking up to big daddy Roger Ver - the first Bitcoin investor as he likes to call himself. He definitely knows how to market himself.

[peter0425]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

As a newbie, I will cut some slacks. You need to understand that this how the market works. Its very volatile that's why most of us doesn't check the price every minutes, well unless you are a day trader but I doubt with your newbie status.

I strongly suggest that you refrain from checking the news that often. It will not bring good to you believed me. Right now it dip a little so I hope it doesn't put too much on a stress on you.

I'm seeing that we are making one step headway, unfortunately two steps backup. But it is what it is. The current bearish sentiments still lingers. I urge you to just keep it easy and don't check the price many times in a day. It will give you a heart attack if the price goes below $7K again.

[putrisa]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

this is the cycle of trading sometimes up sometimes down is very reasonable, from here you can earn profits and train your patience because down time is the right moment to buy and when the new ride we can sell it again so do repeatedly.

[Idrisu]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

Thank God it has started recovering and we hope bitcoin make it usual surprised move in days to come. I will say over all that has happened bitcoin is still in the upward trend . I don't think the dropped is unusual because this pattern has happened several time and this time is not different as very soon the bullish trend will began and that will also push bitcoin up like birds.

I think after buying btc at $6K or $7K or other altcoins, we should not look at prices much. This up and down will last long.

Looking at the price every time always make one to sell at loses. Because you will be caculating how much you will loses if the price continue dropping and the reality  is that no matter the amount you buy bitcoin you should be rest asure that if you can hold you will sell above that. However I think we are close to the end of the trend and "up and down" is about to end also!

[gabmen]

I think it would be better for you, and all those people who bought in during the pump, to just keep yourselves from checking btc price again and again. Gosh we're not even finished with february. People who are panicking haven't been properly oriented about bitcoin and cryptocurrencies