HUGE Drop coming!

[Seeker#9]

The bitcoin might be overbought and the selling pressure is high and gave way to a drop. Hope the big dump will not follow.

[1714632878]

1714632878

[kwukduck]

Price has dropped but I wouldn't call this big crash. It's the correction which is normal and expected in situation like this. Bitcoin was constantly climbing up very fast so this drop it's some kind of safety trigger, let's call it so, but I do think it will go bellow 800$ and after a while will start to pump again.

You have to be a bitcoiner to be so delusional to consider a 27% drop in value in 30 minutes not a crash.

[sportis]

Drop in Peoples' JAWS... cuz this train is going to the MOON!

I agree with OP but I can't determine the limit of  'huge'.I believe that a major correction is coming. Does anyone believes no dreams that rally should continue forever? Is that possible for markets?  Remember that China is not the only country in the world. Yesterday bitcoin price at Chinese Bter and OkCoin was $1126 and now is $954 and Coinbase , Bitstamp yesterday was 1082 and now is $934 and continues to go dip. How big is the correction?

[btcmerich]

seems the danger is not over yet. I  want to buy back the coins i sold at the top but will wait to see what will happen in the next 24 hours. we might see 750-800 range drop

[LLec]

Just noticed the drop all the sudden from $1076 just 3 hours ago and just checked to see it at $976.

What all the sudden happened? This is just a a shock from what was being herald as a stellar week for bitcoin. And now the bottom just falls out.

[azguard]

Price went down yes and now recovering is coming price will go over 1000 again in day or two.
Something big is coming this month and seem like card are set in motion for 20 January (megaupload 2.0 and Trump official crowning)
Maybe these event will trigger something again

[zby]

Drop in Peoples' JAWS... cuz this train is going to the MOON!

[ dropping jaws images deleted ]

So the OP tried to be ironic and predicted accurately.

Now people don't even notice the text of the post, but just read the subject line and feel impressed.

Funny thread

[hase0278]

Well maybe people's jaw will drop since it will go to the moon again, but there is a possibility that instead of jaw dropping, a price drop will happen. If this dump continue in the coming week and so on, I think it will stabilize to a price below 700$ so better sell it now if you want to but if you don't want just hold it there's also a possibility that instead of a price drop, your prediction will happen OP.

[Raimonn]

It looks like a big drop, bitcoin loosed 200 dollars in less than 24 hours. But in my opinion isn't a bitcoin crash we are at the same price level than one week ago. We need to wait and see what happens on next days.

[BitHodler]

It looks like a big drop, bitcoin loosed 200 dollars in less than 24 hours. But in my opinion isn't a bitcoin crash we are at the same price level than one week ago. We need to wait and see what happens on next days.

It's just major players taking profits. I was waiting for this to happen since the price has gone over the $900 mark. It finally happened today.

I just hope this was the correction a lot people were waiting for. If that's the case, then I am fairly sure that we won't go down further (for now).

That said, even with this serious step back the price is still sitting at +$950 prices. I find that quite an impressive achievement. All with all, we're doing great!

[rickadone]

It looks like a big drop, bitcoin loosed 200 dollars in less than 24 hours. But in my opinion isn't a bitcoin crash we are at the same price level than one week ago. We need to wait and see what happens on next days.

But I'm not losing my confident that bitcoin will bounce back from here to continue its rally.

I believe bitcoin was moving for making $1300 and $1400 price levels but unfortunately it got pulled down. I read Chinese yuan just got 1% value appreciation but I guess that will not sustain and Chinese investors will come back to pumb bitcoins again.

[Barbut]

Drop in Peoples' JAWS... cuz this train is going to the MOON!

[ dropping jaws images deleted ]

So the OP tried to be ironic and predicted accurately.

Now people don't even notice the text of the post, but just read the subject line and feel impressed.

Funny thread

Some people just don't understand irony. Pictures says more then thousands word's, but some don't see it. Even I agree that many jaws will drop, I don't think bitcoin is ready for moon, this is just first mile and many more are waiting.
Price already drop a bit below 1000, let's first hold this for a while before we start to talk about 2000 or more.

[swogerino]

It looks like a big drop, bitcoin loosed 200 dollars in less than 24 hours. But in my opinion isn't a bitcoin crash we are at the same price level than one week ago. We need to wait and see what happens on next days.

But then it gained back about half of that back and still holding but not going past $1000 again.
I think it made it's own mind to stay below that price wall until something triggers it to surge again.

[Tanic]

Nice pictures, man 
I really don't know where you took such information. You could post some link for the recourse where you found about this "Huge drop" indeed. But like that your words are just words. Sorry. I don't believe that. 

[BitcoinMarshal]

Nice pictures, man 
I really don't know where you took such information. You could post some link for the recourse where you found about this "Huge drop" indeed. But like that your words are just words. Sorry. I don't believe that. 

After some shocking drop now we heading for again on Four Figure soon its could be again on as its going before this shocking little drop because as Trump coming I sure its could be big impact and bitcoin will rise more

[maku]

The bubble really seems over now. We can expect one or two more big dumps before people start panic selling and the whole thing crumbles down to 300-500 again.

Yeah bubble is definitely over now, but a drop to 300-500 seems a little too much at this point. I am expecting a crash to around 800s at most and if we are lucky the crash might not go below 900.

I am not convinced that uptrend is now over. As far as I am aware this today's regress was caused by someone who dumped bazillion of BTC on Huobi.
Smaller traders wasted whole day trying to bought out his whole dump. This wasn't actually that bad, because now we might see fresh blood joining the price race.

https://bitcoinwisdom.com/markets/huobi/btccny

[Antesth]

I do not think that it will be a huge drop but maybe a drop from around the 200 dollar at its max but not lower than that!

[JimboToronto]

Bear trap closing. Buying opportunity closing rapidly too. Already too late for triple digits.

[unknown04]

Is the crash over ? It seems like a fast crash. Usually it takes few days before shooting up again. I guess bitcoin couldn't wait to go to the moon.... next few months might be interesting.

[BitcoinBarrel]

Bear trap closing. Buying opportunity closing rapidly too. Already too late for triple digits.

+1 If it touched 900 I was going to buy more. Obvious Bear Trap was Obvious.