HUGE Drop coming!

[ArdiPrabowo]

bitcoin price yesterday is big crash
and big down price, in china exhanger bitcoin price down until 20-30%
i don't why bitcoin price is crash and down, nothing big news but very big down price
what is corelation dollar value , yesteday dollar is down price too

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[Darwintas]

Hard to say but this is true, there can come a huge drop, I do not hope on it but there is a chance that this will happen.

[Shinpako09]

Its expected and its normal as well. If theres a huge pump happened then theres a crush coming. Thats how the price movements work everytime there is rise.

[Rooster101]

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!

Maybe just a temporary drop but not huge to get rid of the selling pressure and then climb back again. Some profit-taking took place and sort of so called panic selling according to some reports but the bitcoin managed to recover.

[traderethereum]

Hard to say but this is true, there can come a huge drop, I do not hope on it but there is a chance that this will happen.

if there is a huge drop in the market then i am sure there will be a huge increase for the price and we need to be patience before the price is up. i think its normal because the market is depend on the transaction that peoples do and i am sure the situation will be back and we can reach the higher price than befoe.

[kwukduck]

Looks like it was a bull trap eh? Here we go again!

[KennyR]

Huge drop in price is over, by the weeks to come the price might fluctuate but such a steep decrease similar to that falling from $1166 to value around $900 in a very short span of about two hours time won't happen again. We can expect a sustained growth.

[1Referee]

Looks like it was a bull trap eh? Here we go again!

Bull trap or not, it was a fantastic opportunity to cash out coins bought well below the $400 levels. I don't think the price will go much lower than $700 at worst, but I am ready to do some buying back if it does happen to become reality. Other than that, it was a well expected dump since a serious correction was imminent for quite some time. It only took longer than expected, with as result that smart people were given the opportunity to cash out at even higher levels.

[Sithara007]

Has this drop got any connections with the DDoS attack on BTC-e, which occurred a few hours ago? I wouldn't be surprised if it has. BTC-e is one of the biggest exchanges, in terms of BTC volume.

BTW.... this may be the last opportunity to purchase BTC at three digits. Hurry!!!!

[Makatoshi]

Has this drop got any connections with the DDoS attack on BTC-e, which occurred a few hours ago? I wouldn't be surprised if it has. BTC-e is one of the biggest exchanges, in terms of BTC volume.

BTW.... this may be the last opportunity to purchase BTC at three digits. Hurry!!!!

There could be a connnection. The price dropped again.

[BitHodler]

Has this drop got any connections with the DDoS attack on BTC-e, which occurred a few hours ago? I wouldn't be surprised if it has. BTC-e is one of the biggest exchanges, in terms of BTC volume.

BTW.... this may be the last opportunity to purchase BTC at three digits. Hurry!!!!

Nah, can't see a simple DDoS attack have that much impact on the price. Mainly because of the fact that it isn't the first time that this exchange is subject to DDoS attacks.

I think what's driving the price down is the fact that it was just a pump by the big boys in control of the Chinese exchanges.

If that's really the case, then as quick as they can lift the price to a high point, that quick can they reverse it as well. These select group of traders rule this market with iron fist.

[LLec]

It has dropped all the way back to $876 again and it seems we have not made any progress from what we have lost. I think it is the hacks that have happened on some big exchanges including btc-e and I think coinbase had some sort of thing happen there all at once is the cause of all this now.
The other exchanges are just not able to keep up with this and are still showing $975 for selling.

[Lituation]

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.

Still obvious bear trap? still obvious 

[JakaE]

OP should delete the first post and be hailed as a prophet

[kryptqnick]

The photos are nice but hey, how can you know that& Halving is not even this year, the price is now quite nice, although it's not $1k anymore. According to statistics of the year 2014 when we had such a situation you are right, of course. In a week the price would be around $750. Maybe that's true. We all hope this time it is different despite the fact the price dropped already.

[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.

Still obvious bear trap? still obvious  

It is very obvious. It could last a month, who knows. But eventually the price is going to skyrocket, and I don't want to get caught holding the bag when it does. I don't try to play the markets, I just buy when it gets low. Like now, will buy more cheap btc.

[Dr.Osh]

Well, the drop has started to reveal itself. the current price of bitcoin survive at a price of $ 900, and several times has reached the price of $ 890. I guess this is normal when the price increases that occurred a few days. many people are taking advantage of it by selling most of their bitcoin. in addition, there may be some things that happen, and make bitcoin prices to be down.

[Sithara007]

Well, the drop has started to reveal itself. the current price of bitcoin survive at a price of $ 900, and several times has reached the price of $ 890. I guess this is normal when the price increases that occurred a few days. many people are taking advantage of it by selling most of their bitcoin. in addition, there may be some things that happen, and make bitcoin prices to be down.

The pattern is very similar to the one from December 2013. Bitcoin reached a peak of $1,216 in Mt Gox, before falling below $800 per coin. But the decline in 2013 happened over a course of one week. But this time, it was very fast.

[Emoclaw]

I'm not entirely sure this qualifies as a 'HUGE' drop. Nothing unexpected, just normal market correction. I believe it will stabilize around the $800-$900 range.

[Its About Sharing]

Can we just sticky this? There is one every few days...

Nice Call and now we move on. 

Except that the OP was being sarcastic, and actually denied the possibility of a large drop.
So far, Huobi and BTCChina are still MIA, while OKCoin dumped much harder than expected.
Is there some bearish news from China, like the two exchanges being in difficulty somehow?

Um, I was being sarcastic as well and the flash crash still happened. LOL
Welcome to Bitcoin.

The only bearish news, and quite bearish, was the statement from the Chinese government, but it seems like another "nothing" from them.
Regardless, BTC was getting ahead of itself, but I think a huge move is coming (up) in the next few months to sometime this year. (watching for a Cup and Handle, rather the handle to form on weekly.)