Sudden drop in price: Have we missed any latest news?

[Mvaporis1961]

It was $770+ a few hours ago and now we are heading down to $720 (and dropping). Any possible cause of this sudden drop? Any news?

I think it happens because many users start to sell their bitcoin and it continue to drop because of the cause of panic selling. I hope that bitcoin will recover that drop and convert to a huge pump.

[LoyceV]

I was saying just yesterday that it goes up too fast. I'd rather see a slow and steady increase than this roller coaster shooting up and down.
My guess it it's caused by a whale selling a lot, then some panic sells, after which it normalizes again. Halving is still coming, fiat is still being printed like crazy.

[dothebeats]

yeah but the new bottom will be higher than $430, so i don't mind any crash, as long as we can establish each time a new higher bottom...

Yes as long as the floor price is still within $700 were fine. I know sometimes the price of Bitcoins really us scratch my head like what happened there, now its $715 preev that's more than $50 drop from $770 9 hours hours ago, but if you look at it the climb of Bitcoin from $533 on June 1 to $770 earlier today which is $237 difference is really interesting.

That's just happened. We are now at $732 again. Things seem to be a little bit crazy when everyone's awake, and goes silently creeping downhill when almost everybody is asleep. I think it's good that there has been a small correction that just happened to test how would everybody react.

[yhansky]

yeah but the new bottom will be higher than $430, so i don't mind any crash, as long as we can establish each time a new higher bottom...

Yes as long as the floor price is still within $700 were fine. I know sometimes the price of Bitcoins really us scratch my head like what happened there, now its $715 preev that's more than $50 drop from $770 9 hours hours ago, but if you look at it the climb of Bitcoin from $533 on June 1 to $770 earlier today which is $237 difference is really interesting.

That's just happened. We are now at $732 again. Things seem to be a little bit crazy when everyone's awake, and goes silently creeping downhill when almost everybody is asleep. I think it's good that there has been a small correction that just happened to test how would everybody react.

And were back in the right track,a sudden dropped means a new high all time price.
Whales are done selling and buy its buying time.traders wise move.

[trackermut]

Hold and stick firm just a correction, there is never a wrong time to take profits. Dont let others lead your decision making we all have different entry and exit points, buying at 700 and selling at 760 or buying at 160 and selling 20% at 760 for a free ride. Remember why you bought bitcoins and build your strategy from there if the fundamentals are still good hold if not look for an exit.

[DarkThrones]

It was $770+ a few hours ago and now we are heading down to $720 (and dropping). Any possible cause of this sudden drop? Any news?

There is no news people are just taking profits early from the expected sell pressure wt the $800 mark. I don't see it falling more than what we saw at 600 and 700. Typical but yes it was early and a little more than expected.

[zby]

Maybe it is related to the crash in ETH? It is kind of a warning.

[Ayers]

Maybe it is related to the crash in ETH? It is kind of a warning.

it's recovering, as we speak bitcoin is already heaidng to 750 again, i think the etheruem crash will make bitcoin stronger not the opposite imho, so prepare for another rally!

[BitMaxz]

I think this is just because of many people are dumping their bitcoin because they are satisfied of the price increased.. well don't worry and don't panic to sell so that the price will stay at 700 value.. bitcoin still have a potencial to increase more because block halving is too far..

[NewbieTreider]

Perhaps has to do to with this, related with Brexit?

http://www.mirror.co.uk/news/uk-news/jo-cox-dead-live-updates-8207676

 or is it all about traders?

[harizen]

Maybe it is related to the crash in ETH? It is kind of a warning.

I see no as I don't see any related link or factors to that.

I still considered this is just a normal "carried away" move after dips to a margin of around $10 where it all started.

[randy8777]

Maybe it is related to the crash in ETH? It is kind of a warning.

I see no as I don't see any related link or factors to that.

I still considered this is just a normal "carried away" move after dips to a margin of around $10 where it all started.

it might be due to the fact that some traders are afraid of seeing the stolen ethereum coins somehow get converted to btc, and then dumped causing the price to tank significantly. especially now the price has gone up to a 2 year high.

[nururochac]

It was $770+ a few hours ago and now we are heading down to $720 (and dropping). Any possible cause of this sudden drop? Any news?

I think many users decided to sell now so that they wont miss the chance to get a profit but I still suggest to hold until next month to gain more profit with the hype we see.

[bit1]

Those variations are normal movements of investors and traders, You know, for that reason looks that price did stop, This time was not caused by any kind of news.

[The Sceptical Chymist]

Well there was no news to account for the rise, was there?  The halving isn't news.   And there is no news to account for that drop.   It's just market forces in action,  that's all.  And as I write this, we're back at about 760.  Crazy.

[Bameras]

Well relax man it will just happen for now but it will rise later. Just wait for it 800$ or more soon. I hope that it will reach 1000$ by july.

The recent drop was expected. It rose too fast in the last 30 days. So the correctioin is necessary to restore the health of the price.

[lkjsiugdf]

The life of a bitcoin investor is always intense, OP.

[mmortal03]

lol

[fearlesscat10]

yeah but the new bottom will be higher than $430, so i don't mind any crash, as long as we can establish each time a new higher bottom...

Yes as long as the floor price is still within $700 were fine. I know sometimes the price of Bitcoins really us scratch my head like what happened there, now its $715 preev that's more than $50 drop from $770 9 hours hours ago, but if you look at it the climb of Bitcoin from $533 on June 1 to $770 earlier today which is $237 difference is really interesting.

That's just happened. We are now at $732 again. Things seem to be a little bit crazy when everyone's awake, and goes silently creeping downhill when almost everybody is asleep. I think it's good that there has been a small correction that just happened to test how would everybody react.

And were back in the right track,a sudden dropped means a new high all time price.
Whales are done selling and buy its buying time.traders wise move.

But the drop isn't finished just yet. I wonder what the price will be before it starts going up again. I think it'll be stable at $500 and will start going up again after that.

[gakkung12]

well congratz to those people who bought at this price rather than being afraid. youll gain enough profit again. The trend is obviously going up last week but because people started to dump their coins this monday, it made others to fear that it was the top of the price of halving