Any thoughts on the price drop today?

[The Dude]

Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

[Arpetuos]

Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

Are you talking about the one on poloniex ?

[The Dude]

Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

Are you talking about the one on poloniex ?

Na I use Preev. They source from a few sites.

[audaciousbeing]

There are several factors that could be account for the fall in price same way we could have it if there is price surge. Aside that, I don't believe any body in the crypto world will just have the opinion that price will always continue to increase without things like this and in short if it happened that way, then one need to be careful becuase when it will, it will be massive. The only objective evidence is just the forces of demand and supply.

[batang_bitcoin]

Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

I have replied with others thread asking with the drop.

I agree with them, it's just a matter of people are selling out and don't want to miss the action of getting some profit when the price was at the new ATH. And yes, it's only a correction and we are already seeing it a lot of times that when there is a price increase next to it is price decrease and the cycle goes on.

And with the correction that is happening, this is now making the price of bitcoin to reach higher than $2,700 soon. Expect that $3,000 is already at hand. We just need to wait a little bit longer maybe 3-5 days we are already there. Once the price of bitcoin started to reach back again at $2,700 it will be continuous to $3k.

It was just a correction and it's a normal thing when the price of bitcoin soaring high, people that are satisfied with the profit they can make starts to sell.

[Hydrogen]

When the price reaches a new all time high & investors think the price won't go any higher, its normal for those who bought in high volume at lower prices to sell en masse to turn a profit.

When the selloff is done & bulk traders are done making their profits, the price will likely start to go up again.

It depends on how much pump & dump power was behind that last big price movement up, in proportion to real demand.

If demand is low the price could sink. I haven't been paying any attention but think btc will continue to climb. We will see.

[chaser15]

Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

Nothing unusual as there is no big events that can bring the price down. It's part of the usual cycle during price increase and can't be considered as an exit to our coins and make it sold by today. Just do HODL. Rather than to worry about that, treat it as a chance to buy bitcoins again.

Who knows this is the last time we can step on this current price rate.

[Lancusters]

Bitcoin price increases amid rising demand. It seems to me that a large speculator has paid attention to bitcoin. Only now the number of bitcoins is limited and when a trader will sell the bitcoin small buyers can pay the prices drop and growth will continue.I'm sure that price $ 3,000 no limit.

[jc89]

It is very normal for bitcoin to drop in price eventually. The sudden drop today was because of the correction based from the multiple threads that asks the same thing. I personally do not know if it is a real correction that happened. But if so, nothing is to be worried for this are all, just like i said earlier, very normal.

[Bodhicoin]

Price correction, retracement (filling in the gaps) is more accurate. Price may have backed of the highs but that was an impressive rally. To the OPs question, I read there was a substantial investment in BTC "and alts" being made by 2 major pockets. Japan and US combined investment of $800+ mil flowing into the crypto market is going to cause waves. Once the buying is over, days like this occur. Some castles in the sky will certainly crumble but this market will become much more exciting for a much longer period than this recent ripple. I for one have a renewed appreciation for all things Ethereum.   
All my best...

[lumeire]

Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

Hopefully just correction. I haven't heard of a big news lately.

[spiderbrain]

A 15% rise in a day usually means a drop is coming. I suspect that traders were reacting to the high prices in Japan and South Korea (>$3000), but that fiat transfers from those countries for arbitrage couldn't keep up with the price rise. There may be a wave of fresh FX arriving in a few days to start the fun again.

[InvoKing]

Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

I found it normal and very expected... The price jumped +$600 in less than one week and +$350 in less than 12 hours! Then the big whales are selling their assets and they bought again after the price crushed
Big and huge profits! Well calculated

[topper26]

Traders are dumping price under 2,400 now. Question is how low do we go and how fast do we recover. Kinda relieved a bit buying opportunity it for some cheaper prices!

[topper26]

Bitcoin down 7.9 percent for the day via bitcoinwisdom

[ModGirl]

Hey everyone, I was wondering what you guys think attributed to the price drop we saw today.

I think some whales are trying to reduce the price and they want some fool people to sell their coins so that the whales buy some more bitcoin at lower price. I am not selling now and trying to buy as much as possible for me because I know the price in the coming days will once again start to increase.

[ironm@n]

Looking at the Bitcoin market history, I would not say it was a turbulent day. I think that really turbulent days are about to come, but for anyone who understands the Bitcoin's potential and did not invest more than should be invested, it will not be so difficult to overcome such moments.

[FLoving]

Today a little correction in the price has occurred so people who are just the new investors and users of bitcoin noticed it as strange as they are new to bitcoin and never saw that in the past it happened and it often happen for a shorter period. So in that way the new users of bitcoin started to sell their coins. But we do not need to worry because the adoption is in continue and the price rise will continue after a smaller period.

[leowonderful]

Shaking out weak hands like always with such price rises. A significant correction like this was going to happen, you should've been ready for it. Just wait until the Asian market comes back into play and price will start to pump right back up again. Cashed out a little bit in the form of BTC mining gear as I have relatively cheap electrical rates so not a huge loss for me. Business as usual!

[g27wr]

It's normal. I'm actually surprised that it kept climbing as much as it did without a sizable correction. Well, the correction is here, and now it's only a matter of how low it'll go.