wtf is happening? btc drop

[Denker]

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

As long as you haven't sold any coins it is just a book loss!!
The same the other way around. When people are freaking out because we jumped for instance $200 per coin and they are saying I have some nice profits this is wrong as well because it's just a book win if you haven't sold.
People finally need to understand that.

[Cast12]

You should've expected this to happen since bitcoin price is volatile, but hey, at least the price is at 600+ at preev rate now. Hopefully it won't crash again, but I'm not hoping for anything.

[sbtctalk]

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

Stay calm. It is only a paper loss. If you are feeling nervous, you can sell your btc to members here. members here will be glad to buy it.

Stay cool.

[numismatist]

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

Stay calm. It is only a paper loss. If you are feeling nervous, you can sell your btc to members here. members here will be glad to buy it.

Stay cool.

Exactly. Panik beeing the worst advisor. The Halving Effect still beeing due, I would load up small heaps instead. Christmas time beeing the better point for sales.

[~Bitcoin~]

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

Better to wait for next pump which may happen within short period of time, i see nothing to panic as price have good buy support at $600 range. But how you lost $400 with 10 btc, this was only hardly $20 price dump so i think it is $200 around. 

Remeber you will only loss if you sell at the current price, so better hold and wait for another leg up.

[virusasog]

You should've expected this to happen since bitcoin price is volatile, but hey, at least the price is at 600+ at preev rate now. Hopefully it won't crash again, but I'm not hoping for anything.

This is good value when we compared with last month's value. As you said bitcoin volatile stock which we can't predict the price easily and I think op might faced any lose because of scammers. However I could say that bitcoin is in good value now.

[PlatoSWE]

It's good that more and more people keep their coins in a wallet. First of all it's safer and furthermore decreases the panic sell effect. If we had to sell and rebuy every time the price shifts 3% we would never get anywhere.

[thejaytiesto]

Fear runs high in the bitcoin world. There are tons of morons that don't understand bitcoin is going to be huge in the long term and short term price doesn't matter, so any price swings will trigger big sells and buys, but the overall trend is still uptrend and it's only getting better.

[harizen]

How come other people began panicking like this? Are they new to this kind of movement?

What else if it is a $100 price decrease? lol.

There is no way that price will only goes fon an increase only. That is not the real thing in bitcoin price.

[MFahad]

I have a theory about why it's dropping. I think it is because we have seen quite nice price increase the last few weeks. This causes people with a big share to sell cause they will hold most profit from that. If you sell alot of bitcoin then the price goes down, so probably we are seeing this circle happening right now.

After the past year of events where nearly every week had something good or bad in the Bitcoin world or the larger economy, a week of calmer waters makes people feel the need to act and that is action in itself. 

[renem]

why is it dropping like that???SD{}FDS{:

i have about 10 btc.. i have lost like $400 so far FUCK!!!!!! and i dont even have the time to transfer it and sell it before it craches becaue it would take ages!!! what the hell do i do???

Hold your coin bitcoin will increase again if you can search for the graph bitcoin is not stable yet and there are many investors selling there bitcoin in exchange website the reason why the bitcoin price are dropping , wait for a further and it will back to normal.

[Yakamoto]

The drop probably happened because the market corrected from a bubble state due to the rapid size of roughly $20 from where it had just broken $600. A common thing that happens with the Bitcoin market (and most markets) is if it rises too quickly the market will see a rapid selloff to return it to roughly where it was before it accelerated upwards.

[Oralmat]

The drop probably happened because the market corrected from a bubble state due to the rapid size of roughly $20 from where it had just broken $600. A common thing that happens with the Bitcoin market (and most markets) is if it rises too quickly the market will see a rapid selloff to return it to roughly where it was before it accelerated upwards.

The Up and down occurs with all the currencies including fiat and digital. Nothing is stable in financial world.
Also, the 9/11 attacks bring forth a fear based sell it all and run syndrome that always creates monetary action, good or bad. 

[romero121]

The circulation of bitcoin has got decreased from the past days due to which the price drop have been continuing. Possibly soon can expect a big increase in price over the falling months.

[noormcs5]

Bitcoin price movement is just like Stock Market. The stock market indicators have a solid set of parameters inside a company portfolio that can change the price, things like hard and soft, liquid and firm assets linked to a company. 

[1Referee]

The circulation of bitcoin has got decreased from the past days due to which the price drop have been continuing. Possibly soon can expect a big increase in price over the falling months.

Circulation of Bitcoin has got decreased? From where do you get that impression? Circulating coins only decreases when more people are holding their coins in cold storage.

[Cozynunu]

Bitcoins is dropping all the time at the end of this year the coin wont get his old value back and that is only because most of the people are holding and not spending just one coin and that is sad.

[Schuyler]

Bitcoin can sometimes test the character of a person. It will play with your emotions like a girl you are courting. It turns you into an avid follower because you have to monitor the prices every so often. Such is the influence that bitcoin has on us that it is almost an individual that has its own life.

[droizs]

I really want to understand how can BTC price drop 30$ in 30min. Is the market being influenced mainly by whales?

[martinacar]

The drop was because the price went up by like 50 dollar and then people sold all they had which caused prices to drop again and now it seems stable between 600-610 and I think it will rise again when it has been stable for a while and then we will see the same thing happen but in the 700 range instead of 600 and then rinse repeat.