HUGE Drop coming!

[LLec]

So it has happened and China is in panic mode right now.

I went to bed when it was $902 now when I wake it is at $802
so a $100 drop is alarming for me to see.

I don't know about the rest of you but I am worrying about the amount of bitcoin that I have right now.
I will buy to try and break a habit of just holding and not doing anything when these big crashes happen.

[manselr]

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?

Yeah, OP was being sarcastic but I think the guy that posted that image was also being sarcastic... it's too hard to read sarcasm on the internet sometimes.

Anyway, no way to know where is the bottom. Kwuduck of course always aims 300 dollars lower. If we hit 500, he will say 200 is the bottom, if we hit 200, he will say 100...

The thing is, this may have been the bottom before we rise again.

[SamMurphy]

I hope that will happen soon. I hope the price will drop down to $300 and then back to $1000  It will be a dream true.

[CyberKuro]

So it has happened and China is in panic mode right now.

I went to bed when it was $902 now when I wake it is at $802
so a $100 drop is alarming for me to see.

I don't know about the rest of you but I am worrying about the amount of bitcoin that I have right now.
I will buy to try and break a habit of just holding and not doing anything when these big crashes happen.

Where or how to see that China exchanges are dump bitcoin price? I mean, mostly sell transaction come from China?
I don't really worry about price decline and now reach $790, huge drop and still not recover.
I just thought it's a good time to buy and who have big capital get more profits of it.
Dip for buy.

[ridery99]

So it has happened and China is in panic mode right now.

I went to bed when it was $902 now when I wake it is at $802
so a $100 drop is alarming for me to see.

I don't know about the rest of you but I am worrying about the amount of bitcoin that I have right now.
I will buy to try and break a habit of just holding and not doing anything when these big crashes happen.

Just buy more if you believe, we will see 1k again when weak hands are out then 10k sooner than we think. This is a bull market

[Mirardowyn]

There is a huge drop coming and this is all because of the fact that China is pumping and dumping more and more.

[Dux2K]

There is a huge drop coming and this is all because of the fact that China is pumping and dumping more and more.

This seems to be the case that why price is changing so fast
Can't predict anything right now

[Febo]

So it has happened and China is in panic mode right now.

I went to bed when it was $902 now when I wake it is at $802
so a $100 drop is alarming for me to see.

I don't know about the rest of you but I am worrying about the amount of bitcoin that I have right now.
I will buy to try and break a habit of just holding and not doing anything when these big crashes happen.

Where or how to see that China exchanges are dump bitcoin price? I mean, mostly sell transaction come from China?
I don't really worry about price decline and now reach $790, huge drop and still not recover.
I just thought it's a good time to buy and who have big capital get more profits of it.
Dip for buy.

You see when here: https://coinmarketcap.com/currencies/bitcoin/#markets    all BTC/CNY markets have lowest price that mean that BTC is cheapest in China exchanges, so China exchanges drive price down. Same was a week ago just that they have $1200+ price that was $100 higher then in Europe and USA.

[angaper]

Go preparing your pockets to start the game once again. Buy massively at $300, push the price to $1,200 and sell massively to continue the game again and again. Unfortunately in this ridiculous game has become what was previously seen as the future of the money. 

[Denker]

Go preparing your pockets to start the game once again. Buy massively at $300, push the price to $1,200 and sell massively to continue the game again and again. Unfortunately in this ridiculous game has become what was previously seen as the future of the money. 

Oh man you are very negative.
I doubt we will go that low again.
We might not have found the bottom yet but imo the worst case would be something between 500-600 USD.
2013 was highly influenced and probably manipulated by the biggest exchange during that time, which went bankrupt pretty quick after that.
We are much more distributed now with over 150 exchanges world wide and a growing user base + much more interest and attention than ever before.

And even if we should go lower as I expect, I can guarantee you that there will be many brave and smart people who will buy those cheap coins in assumption to get highly rewarded sometime later.
Patience is the key!!

[BitcoinBarrel]

I wonder if people only saw the title of this thread and panic sold without actually reading it LOL 

[Dr.Osh]

I think a huge drop stops. I am sure, the current price is the normal price and the real price of bitcoin. Well, maybe we start the year with a high price, but it can be said that this year has just begun. I think this is a good start, even though the price of bitcoin down so great.

[sportis]

My position on this issue is that if someone announces something like that have to quote the reasons to support it. If don't then is only a rumor. I really don't find any good reason price goes down except people who sell under pressure into a panic climate. If we go back we see a huge drop of the price, more than 50% in 2013, after announcement of BTCC that stops to accept deposits of Yuan and again after the shutdown of Mt. Gox. Therefore, if there are people who can affect the psychology of people they can manipulate the price

[Dux2K]

I think a huge drop stops. I am sure, the current price is the normal price and the real price of bitcoin. Well, maybe we start the year with a high price, but it can be said that this year has just begun. I think this is a good start, even though the price of bitcoin down so great.

yes seem like the price correction is coming this week and will set margin for next days to come
Believe that this will possibly increase price and maybe return to 1000 level

[X-ray]

I think a huge drop stops. I am sure, the current price is the normal price and the real price of bitcoin. Well, maybe we start the year with a high price, but it can be said that this year has just begun. I think this is a good start, even though the price of bitcoin down so great.

yes seem like the price correction is coming this week and will set margin for next days to come
Believe that this will possibly increase price and maybe return to 1000 level

Don't expect that much though, $900 above is fine but $1000 will be even better but i don't sure the price correcting might drive the price return to $1000 because most of price correction not increasing that much , as for now the rate is $800, i'm pretty sure the $900 will be realistic point.

[n0ne]

I think a huge drop stops. I am sure, the current price is the normal price and the real price of bitcoin. Well, maybe we start the year with a high price, but it can be said that this year has just begun. I think this is a good start, even though the price of bitcoin down so great.

I too believe that huge drop is over. This could be the years big drop in price, and by the later days the price might get stabilized. Now too the price is so stable and increasing with small fluctuations. This time the variation is found very large comparatively. I believe the price will get us good profit.