Why the sudden crash now?

[talks_cheep]

and why is no one here talking about it?

[unknown04]

No one is talking about it now because no one really knows what happen. Some said it would go back up but some said would go down further. 50/50. Good luck for those who are still holding.

[LFC_Bitcoin]

and why is no one here talking about it?

Price manipulation by whales most likely, it's not a new thing.

[thejaytiesto]

People were thinking that the world was going to en if Trump got elected for president US, and so there was a hype in bitcoin and gold. It pumped, then we are seeing the world hasn't ended, and people are selling. It will recover soon. Also, when Trump gets inside the white house and starts pushing his policies, people will realize Trump is not kidding, this will pump gold and bitcoin for sure.

[BTCLovingDude]

and why is no one here talking about it?

i came here to ask the exact same thing because i have not seeing any kind of news lately that can cause such drop (although it is only $10-$12 and it is not much of a crash) but still breaking the $700 was not seen by me!

i guess it is a good chance to buy if anyone had missed the train before though!

[talks_cheep]

okay, so I wasn't missing anything important then, it's just a natural progression from Trump winning the presidency. I can take that as the cause for the btc price falling. It's actually more than $10 loss in value, btc was up to around 740 before it started its down leg. And, I didn't think we'd see it go under 700 this year. I'm sure it will go back up.

[shapetwist]

Natural adjustment of markets everywhere following election results. Wouldn't mind seeing 670 again before climbing up.

[serjent05]

Comparing the price one year earlier, I don't think that bitcoin price crashed.  There maybe some minor dumps but I see bitcoin is still holding at 690 USD, maybe its new floor before pushing to 800 USD by the end of the year.  Whale manipulation is another angle but it has been around since forever.

[Lucius]

There is nothing strange in this price drop,happens all the time especially when there are some special events like presidential elections in US which couse pump to 740-750$.Now price is drop to 690$, but it seems to be slowly recovering and it is expected that it will again reach 700$.

This is a good time for traders,50$ price difference in a few days brings a very nice profit.

[talkbitcoin]

$698 according to finex and as always a bit less (692) at stamp!

so i think it was some kind of panic sell and possibly manipulation by the whales or maybe even exchanges themselves because it was temporary and i don't see anything that is remotely related to this.

I am sad now because i missed it though ;(

[kwukduck]

We are talking about it but topics that tryvto point out flaws in bitcoin or the manipulation on the market are being removed.

The main reason i assume is either that the manipulators stopped for a bit or can't keep up with all the selling pressure as a result of the elections that promise to be disastrous for any crypto.
Add to that people are learning more and more about all the flaws in bitcoin and solutions of superior coins.

[Ayers]

We are talking about it but topics that tryvto point out flaws in bitcoin or the manipulation on the market are being removed.

The main reason i assume is either that the manipulators stopped for a bit or can't keep up with all the selling pressure as a result of the elections that promise to be disastrous for any crypto.
Add to that people are learning more and more about all the flaws in bitcoin and solutions of superior coins.

the sellers are the manipulators itself, manipulators are not only those that pump but also dump to make profit from the buyers, they just instigate the buyers to buy, with a low volume pump then they dump to take everything, and the price return to the first point, it's not hard to understand

[Carlsen]

I think that today was a normal movement of bitcoin price.
Bitcoin went down a little, now it's getting back up a little, I see nothing special in that.
It's still bitcoin we are talking about here. Those fluctuations are in its nature.
Besides, it's weekend.

[n0ne]

It seems to be an expected fall in price, because bitcoin has been developed in such a way that after continuous increase price fall happens which is expected to get stabilized and reach a intermediate between the maximum price from which the price started decreasing and the price around which the price stabilises with minor fluctuations to reach a good price.

[erikalui]

I felt the price would remain stable at 730 due to the US elections but it seemed it was just a pump for a day and then it's dropping. Even though US dollar price is increasing, it has no effect on the bitcoin price. The number of users paying via bitcoins in China and US also are less these days which may be a reason.

[Searing]

and why is no one here talking about it?

Honeymoon period. Folks in the market are mainly happy because Republican Senate/House is saying 'tax cuts'

But wait for it. With 40% of the population pissed off about the results. (would work vice versa) and Trump as President

it is only a certain amount of time for the next f*ck up or snafu.....

Problem is it is quite easy to dismantle a lot of gov't services and decrease taxes mainly at the top....but the 2nd step

of what and how much to replace the system you've just replaced usually costs more $$$ in the short run (at least in business)

before the long term benefits of them upgrades (assuming they work) come in to play.

In politics, that is where it all breaks down for either party. They can't come thru on the 2nd part of the plan nor keep a budget/ or task on how much

$$$ to toss at it for the change over....and hell when all is said and done an your particular party/re-election/donor needs are met...why sweat the

next step...when you can spread FUD and such and try to blame the other party or whatever scrape goat seems appropriate

With one party rule however and overwhelming over ride power by the Senate/House...gonna be hard to shift blame and FUD on the Democrats
they have no power at all. In fact the majority of states have Republican Governor's and legislatures....so again Chump or Champ the next 2 years
if there is turmoil ...no place to duck

so again wait for it ..it is a one wheel cart ......sailing down a hill.....just a matter of time ...and BTC will rise as a safe haven.

*unless other FUD on trying to ban bitcoin..which would not be possible but hey makes for great politics and press all that FUD on tiny BTC
rather then dwell on REAL WORLD big problems. It  is all a magic trick folks promise much/deliver little/add some misdirection of FUD ..blame etc...then
Rinse/Wash/Repeat*

But again the above 'whirly gizmo' always blows up often in a spectacular fashion...thus I'm holding BTC still. This too shall pass.

[crairezx20]

This is just a normal price decrease but i saw in preev that the price is increase back again and i think some investors are not patiently waiting for more price increase .. and i think we will experience this decreases this is just like the same as last year fluctuate happen..

[TERA]

Can you please show me where there is a crash? We are down 0.25% for the day, down 0.75% for the week, up 10% for the month, and up 200% for the year.

[wilson_bitbybit]

I think it may go a little lower, but once this hits the oversold condition, you will see a recovery. If you do not have experience with trading, better hold.

[lionheart78]

I think this is simple.  The whales just reap their profit  .  Well they should because of the sudden increase this past few days.  It seems that the whales are having a good profit, first on the fake rumor about the China's Capitalization control on Bitcoin, then the rise of BTC price after Trump wins, and now they cashed out dumping down to $680+.  So I think after they have scooped the the target BTC, the price will go up again.