Price going below 2k$

[Tyrantt]

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

[Zaizoun]

Hey ,
This is just a correction.
No need to worry .
If i were you , I would buy now , as everyone is buying.
Only unconscious people are selling.
By the was , the fact that Australia will accept btc this summer will have a good effect on btc price

Just buy or hold if you can

[European Central Bank]

it went up too fast so it'll come down at the same speed or faster. same thing every time. that's how it works. if it had taken months to go from $1200 to $2700 it would be a different matter. the price is dropping and gaining hundreds per hour. anything could happen.

[Pearls Before Swine]

This is me the other day:  I wake up, price is at $2800.  First thing I did was check the price.  I nearly propelled my cats out the window, so fast did I fly out of bed.  And yeah, I knew it wouldn't last long, BUT I'm happy to see the correction was only $400 or so.  I had a feeling it was going to be much more than that.  Any price above $1800, I'm totally cool with.  Cats are safe, sleeping in the leather chair.  Seriously my eyes bugged out of my head that day.

Don't think we're going under $2000, but my crystal ball ain't working properly anyhow.

[mrcash02]

Mass selling already happened, now it's time to refill the wallets to be ready for the next round. It's time to buy now, or if you want to have a chance to buy cheaper you can wait a bit more, but it's more safe to buy now, as Bitcoin can start rising again anytime.

[bitjoin]

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

Everyone is thniking its going to crash. On r/bitcoin right now top post is the bubble chart vs the current market showing we are about to crash.  However market usually does opposite of what people want, i see either sideways or another breakout to 5k.

[pealr12]

Dont you worry man ,the price will  definitely go back at 2500$  within this week.
The sudden down was only made by  those people that wants profit even with just little amount.

[jjacob]

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

It is just profit booking by some traders. If you look at how fast we went to $2800, then you shouldn't be worried about the $400 drop.
If you are a long term holder, you needn't even bother looking at the price every day.

[roomfirst]

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

I already expected that the price of bitcoin going down soon. The price of bitcoin keep going down today, my advice is it's better to sell all your coins for now. Actually it's already to big for the price of each bitcoin, but i'm sure it will stable on $2000. It's normal though, the bitcoin's price going up and down.

[Pursuer]

is that China dumping

oh man, are we on this FUD wagon again. we had a pretty nice couple of months with the same rises and safe falls without anybody thinking it is China, now they are not even back yet and you have already started the FUD or possibly just repeating the duck here!

and if anything, China has caused a rise not a fall because the price gap between China and USD markets is now much smaller than it was before.

[gilangIDR]

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

This is a big decline of course. We did not expect this to happen easily. There seems to be news and negative impacts that are making the current bitcoin price drop. I do not know specifically, yet we know that adding bitcoin users should be able to increase the price of bitcoins in a stable manner.

[n0ne]

The price has experienced a 40% fall and the same could continue to reach as low as $1470. The price then once again grows with stabilty same as that took place between the years of 2013 and 2015. Once again we will see the price surge towards $3000 to 5000 by January.

[Cherylstar86]

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

For now we have the good opportunity to buy bitcoin since it's possibility of going down is now happening, and we can observe it in the actual update of market price. We cannot control the dumps of those china people, but it will really happen due to massive harvest on their profit earnings from previous holding they had. From the start of the price increase up to $2k many planned to hold for another long term waits, but to think of it the next price spikes is fast; then it comes to their decisions to hold it until price reached to bigger profitable earnings.

[pooya87]

i do really hope so, i have some money coming my way very soon and i can't think of a better investment than buying cheap bitcoin for another time this year.

with that said the $2000 mark is again another psychological barrier where people are going to go crazy around it and sell on top and buy like mad men below it

[rajasumi3]

Dont worry buddy.It is rule of every stock market that the price would fall and it would go down upto 1900$.Well it is for the best and the selling price should be set when it is highest at the end of this year.

[batang_bitcoin]

Drop of 400$ in just two days and it will probably go below 2k$, is that China dumping or something else? Will it cause the mass selling and buying once the bitcoin drops as low as it will? Or will the acceptance of bitcoin in Australia of 1st July recover the price as it was a few days ago?

Hey thanks for the info about the adoption of Australia so there will be another major pump for the upcoming months. And with the correction of bitcoin's price, don't worry though I'm feeling bad with the falling of bitcoin's price. But with that info you told about Australia well, we just need to tune in for that.

[BitcoinBarrel]

Good buying opportunity for those that missed the boat.

[Azurecde]

is 2800 a Buble? what is the reason for this drastic price down ?

[Junko]

Bitcoin price goes up, bitcoin price goes down. Bitcoin price goes up, bitcoin price goes down. Other times, the price stays the same. For all the people crying and moaning the price was rising too fast, well here's your chance to buy under $2k. Make sure you're set for the next leg up.

[dothebeats]

is 2800 a Buble? what is the reason for this drastic price down ?

Price correction + profit calls made by traders who want to liquidate their btc. The sudden surge of the price to $2700 is somehow sketchy, and could somehow be a minor pump. Price settling down to $2100 or so is still good since that is where we started prior before the crazy increase to a new ATH. Some people who may have missed the train could still buy a ticket or two. This doesn't stop here and we could see another run for it, probably a more stable one after the Aussies implements their new law regarding the tax with bitcoin starting July 1st.