BITCOIN IS FALLING!! Is This The CORRECTION ! $850,000,000 LOST!!!

[Yaunfitda]

Classic fear-mongering move. Bitcoin's price has since stabilized by now and has been doing well for the past few hours. If the downfall is indeed continuing, it should have done so up to now yet the thing is it doesn't. A slide towards $4000 is somewhat unlikely since a strong support at $5000 is already in place, with other ones being in $4800 and $4500 respectively. Sell orders have also normalized too, and panic hasn't get the best out of most traders just yet.

Not quite, a similar thing happened in November last year when bitcoin was trading between $4300 - $4600 and it appeared there was a strong support at $4000, still the bears broke below that support level and we got to test new lows of $3190. So I'd say don't jinx it.

But that's difference scenario, in my opinion. It was the hash war that brought the price down, and prior to that the price is just trading sideways, and that BSV fork and CSW vs Roger Ver really put a lot of dent on the price because investors are not that confident already.

But right now we have been in a mini bull run. The price has been making gains in the last two months. So the news about this Bitfinex and Tether didn't put a big effect on the price as we have seen right now as it bounce to $5300.

[rijaljun]

Bitcoin Technical Analysis & Bitcoin News Today: Bitcoin is right now falling, and will the Bitcoin price go down even more?

https://www.youtube.com/watch?v=tFkg96HmWYY

Bifinex did a very big controversy by creating Tether and the latest allegation is just a FUD. Both Bitfinex and the Govt are responsible for the recent dump. Tether news is nor really mean but Bitfinex as a Bitcoin exchange. I see this FUD was mad intentionally to dump Bitcoin and then some people from the Govt can buy some Bitcoin at cheap price. This kind of thing is not a new thing.

[wuvdoll]

The "drop" is just that tether story and that is it, even with that much problem bitcoin didn't fall too much and at around 5300 today so calling bitcoin price a fall is just pure fear mongering like the other guy said.

Obviously, there will be bad stories about bitcoin and of course there will be people who go on television and say bad stuff about bitcoin and there will be wall street journal people who talk about how gold is the way to go whereas bitcoin is just a tech peoples toy or something (really happened) because of two things, there are really old (but good) traders that really doesn't understand what bitcoin is and they have made profits without it so far so they don't really care about it and two people who know what bitcoin is and how it could hurt their profits so they try to make it look bad.

[Adriano2010]

I think bitcoin price drop a bit because the bitfinex and USDT on their platform, and US authorities ask Bitfinex to proove that they have real money back up the USDT, but i think this is just temporary and bitcoin will continue grow.

[Shinpako09]

Really? but the price is showing resistance to $5k. Also, why worried if the price will fall. Pretty sure it will go up again no matter what happen. As long as the price will go up soon, it doesn't matter if it's currently falling, then just wait. What I know is we really haven't completely got out of bear market.

[Indrawan77]

No need too worry about the dropping price, eventually the price will go up if more people invest and use bitcoin, small correction is sign of healthy market condition, so when it's dropping no need to spread fud and create panic sell that could ruin the market , just stay calm and buy more

[Kemarit]

Exactly one week after the OP posted this thread and shouting that Bitcoin is falling, the price just touches $5800 as per coinmarketcap. So obviously,  there was a healthy pullback because the price goes on another rise after this whole Tether news. So just think of it, if the news didn't come out last week, what would be the price now? We could have been in the $6000 range. So I guess everyone knows that the Tether news brought up positive things, as a healthy corrections and then followed by another buying spree.

[UNOE]

This was clearly manipulative news which are made to cause fear, uncertainty and doubt, to make you think that Bitcoin will head lower and to affect your decision and to open your shorts or close long positions. And what we get, shorts are liquidated and longs before this FUD news are stopped. I think that we should not let news good or bad, to play with our emotions and to affect our decisions. Keep your own mind and be careful.

[ausbit]

Exactly one week after the OP posted this thread and shouting that Bitcoin is falling, the price just touches $5800 as per coinmarketcap. So obviously,  there was a healthy pullback because the price goes on another rise after this whole Tether news. So just think of it, if the news didn't come out last week, what would be the price now? We could have been in the $6000 range. So I guess everyone knows that the Tether news brought up positive things, as a healthy corrections and then followed by another buying spree.

I am already used to some of these type of forum users, who speculate blindly and uses one tool for speculation without using all the available tools, and when I see majority of people going one direction, I don’t join them, I just do the opposite.

Last week, I could see that most poster on this forum were all going towards Bear direction especially when the tether news came and they changed their tone, since I already understand fully how bitcoin performs, I just waited for their panic to manifest little on the market, took the opportunity to buy more when the price dropped, look at me swimming in more profit now with my extra cash. I like the way the panic sell, it makes me richer. Let them continue.

[Lawrenzoo]

Bitcoin Technical Analysis & Bitcoin News Today: Bitcoin is right now falling, and will the Bitcoin price go down even more?

https://www.youtube.com/watch?v=tFkg96HmWYY

cant you guys see that this guessing thing is not just working, every time you people speak against BTC, it shows the reverse. common, if you people to have anything to say, just keep quite

[Twinkledoe]

Bitcoin Technical Analysis & Bitcoin News Today: Bitcoin is right now falling, and will the Bitcoin price go down even more?

https://www.youtube.com/watch?v=tFkg96HmWYY

cant you guys see that this guessing thing is not just working, every time you people speak against BTC, it shows the reverse. common, if you people to have anything to say, just keep quite

Most are just saying rubbish and feel that they have the authority to say something. But the truth is, they really don't know what they are saying. I am curious what is the OP's reaction now that btc is going up?

[Supercrypt]

Bitcoin Technical Analysis & Bitcoin News Today: Bitcoin is right now falling, and will the Bitcoin price go down even more?

https://www.youtube.com/watch?v=tFkg96HmWYY

cant you guys see that this guessing thing is not just working, every time you people speak against BTC, it shows the reverse. common, if you people to have anything to say, just keep quite

Let us just avoid post like this that usually discourage investors rather than encouraging them, when it comes to facing reality about cryptocurrency or the risk involved, we should focus more on altcoins because they are the ones that can disappoint at any time and not bitcoin.

I am not saying bitcoin does not fall in price, but it falls to rise again and not the way the IP said that it will keep going down, gown to where? Who are the people pushing it down? Me that is ready to stick with mu investment till 10 years? Or whales that have used all their cunny strategies to accumulate enough coin to wait for the bull run, we should speak on fact and not assumptions.

[olumyd]

When you say $850,000,000 lost, do you mean to theft, hacking, or lost private keys? It makes no sense to value the market based on market capitalization alone, in fact, I did come across this article that talks about exchange ranking data, I sure hope they can extend the approach to crypto markets, as per individual coins and their real worths.

Take note, CMC doesn't take into account peer-to-peer and OTC trading valuations. So, such an assumption of loss is essentially flawed.

[STT]

Classic fear-mongering move.

We call that a Buffalo run like the ancient hunting practise of the Native tribes, fastest way to kill big game is by triggering their instinct to run.    Easiest way to cull a herd that moves together is force them to flee and into a pre arranged terrain with a cliff top waiting, massive amounts of the herd go over falling to their deaths and are killed enmasse with the proceeds harvested for the seasonal benefit of the tribe

Large numbers and hoping people sell into a fall while planning to buy the support nearby is a good way to game a profit.    Its natural for markets to continually do this until its cliche

[shesheboy]

When you say $850,000,000 lost, do you mean to theft, hacking, or lost private keys?

i think he means 850 m usd lost on marketcap of bitcoins  but i think that was only small when compare to the total market of bitcoin which was billions   . i didnt saw a noticeable decrease today so i think this cannot cause a correction  . what happen instead was only a minor decline  which was still normal  because some people sells thier coins from time to time  .

I am curious what is the OP's reaction now that btc is going up?

if he is a hater then his reaction will be bad but if he is one of us that supports bitcoin then his reaction would be great  .