BTC Price drops $300

[boyptc]

Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.

Are you nervous? Don't be nervous just because the price went back $300. It's now trying to recover, just expect when there's no movement of price and it became stable for a couple of days or weeks next movement will be down. And this is good for those investors that wants to buy bitcoin as they will be given a chance to buy with smaller price.

[Fappanu]

It is not possible ,, Yes that's a good opportunity to all of Us. We can't say when that happen but we can predict something near to that.  I'm also Hoping  =)

[VenceyBit]

Many people will be happy to buy if it dips @ $300 and i am one of them. But i guess it will not. Maybe $2000 the lowest and will skyrocket to $10,000 lol. Me Just daydreaming.

[proudhon]

Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.

It's all fine when the price goes up with a few hundred bucks in a short time, but if the price goes down a few hundred bucks, it has become a problem suddenly? 10% drops are a frequent occurrence in current market circumstances, nothing to weird or special here. You can't expect all people to firmly hold their coins without cashing out a small portion of their coins at current levels. Bitcoin for most people is an investment tool after all...

yeah, the problem here is the $300 drop in one hour, atleast if it was in a weeks period, then I would understand, 1hour ?

Exactly! That is the problem. I've been around for a while so you can trust me. I remember in early April 2011, when bitcoin was trading at ~$0.80 and in a matter of a few hours hit ~$0.60! I knew that was the beginning of the end for bitcoin, and its proved correct as we've sustained a long term bubble-pop down trend (you have to ignore the recent highs which are imaginary and will regress to the downtrend mean). I'm glad you can see things clearly as I do, and hope you've managed to escape the catastrophic bitcoin downward spiral. Good luck!

[FrankNoland]

Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.

I do not think that the price of bitcoin will drop down to $300 because as you can see, the price of bitcoin is nearly $3000 and a small dump only cause nothing. It will soon recover from the crash and hit $4000.

You misunderstood the topic sir, Bitcoin had $300 drop today in one hour, not it will drop to $300. I assume that now you understand, you can send in your new opinion now

[jurly]

This is the one reason we should be careful ... but once we did extremely right prediction it would be a Great ! i waiting to this opportunity. lets keep on eye.

[elite3000]

In less than 1 week ago the price was lower than the current price.

I think we are spoiled with big gains and when there is a small correction of few days then people get mad

[Jon Connor]

This is nothing compared to the Mt. Gox days. That willie bot had the price all over the place back in 2013. Granted price came down sharply after reaching the ATH that year. But we don't really have these problems anymore, the eco system is much stronger and there are many more major exchanges that are solvent. Hopefully Segwit will activate and we can go to the moon.

[freebutcaged]

Keep on waiting mate as we all are I'd bet, while you see price fluctuations others see percentage of loss or gain, if you bought at $3000 then

Try not to sell for any price less than $3000 I can see now why some people are even begging newbies not to panic and dump because that's

When price truly goes down. Bitcoin and these fluctuations are fit together and that's attracting which is a positive property IMO.

[Kemarit]

Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.

It's all fine when the price goes up with a few hundred bucks in a short time, but if the price goes down a few hundred bucks, it has become a problem suddenly? 10% drops are a frequent occurrence in current market circumstances, nothing to weird or special here. You can't expect all people to firmly hold their coins without cashing out a small portion of their coins at current levels. Bitcoin for most people is an investment tool after all...

yeah, the problem here is the $300 drop in one hour, atleast if it was in a weeks period, then I would understand, 1hour ?

Maybe this is some correction again that we are seeing. That is what I afraid of before. People has the tendency to sell when $3000 barrier is reached. I see that it was break in few exchanges, so maybe casual investors just decided to dump their coins. But I think there will be some resistance and I think the price could hold around $2500-$2600. And gradually rise again in the next weeks to reached the mental barrier that is $3000. I hope this dumping is short lived just like the previous crash in May. We will see.

[jc89]

Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.

Declining and reaching the 1500 dollar mark is a bit too much dump on Bitcoin's price. If that happens, damn, I shouldn't buy back bitcoin so early. Though this is a good news for some who intends to buy some bitcoin at a low price and a bad news for any regular user that hates bitcoin to go down. Bitcoin has many users now and has a big demand for it so declining so much is not in the picture anymore. Around 2000 USD is much more possible but going down beyond that is doubtful to me.

[adroitful_one]

It was all because of the ETH rally. People selling their BTC to buy into ETH. The price will probably correct to the almost $3,000 mark here in a few days. This just tends to happen when a big coin gets boosted. People are going to panic and fomo will kick in.

[goinmerry]

I doubt those people waiting for $1,500 will really buy bitcoin at that price. If ever they will have a mindset like that, surely the moment the price reached that level, they will still wait since they think the market is downtrend. Too much waiting now and what happened next? Big price increase happened later on and now they are all late and left regrets.

Don't set too much price targer if you can't clearly see that based on the current price movement. As long as you think that the price is good for you to set your buys then just do it and just watched it later on.

[~Bitcoin~]

It is always advised to hold half fiat and half in bitcoin to buy cheap bitcoin or other alts during dump/correction like this one. This opens up opportunity for new investors to get into bitcoin/crypto while old investors will enjoy profit they make on this swings.  

[stompix]

It was all because of the ETH rally. People selling their BTC to buy into ETH. The price will probably correct to the almost $3,000 mark here in a few days. This just tends to happen when a big coin gets boosted. People are going to panic and fomo will kick in.

It makes absolutely no sense.
Bitcoin is dropping against the usd and you can buy eth directly with btc without converting to fiat.

So how is this "eth rally" really affecting bitcoin?

Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.

Are you nervous? Don't be nervous just because the price went back $300. It's now trying to recover, just expect when there's no movement of price and it became stable for a couple of days or weeks next movement will be down. And this is good for those investors that wants to buy bitcoin as they will be given a chance to buy with smaller price.

Well , it went down to 2284 on bitfinex so that's more like 700$

[richsoon]

It was all because of the ETH rally. People selling their BTC to buy into ETH. The price will probably correct to the almost $3,000 mark here in a few days. This just tends to happen when a big coin gets boosted. People are going to panic and fomo will kick in.

Partly yes but I would also say it was just a general healthy market correction that will ultimately prevent a much bigger dump in the future.

The bancor ICO also made people reconsider a lot of things.

[richardsNY]

It is always advised to hold half fiat and half in bitcoin to buy cheap bitcoin or other alts during dump/correction like this one. This opens up opportunity for new investors to get into bitcoin/crypto while old investors will enjoy profit they make on this swings.  

In the same way that you should never buy with everything at once, you also have to avoid selling everything at once. In this case you enjoy buying at lower levels, and in the other case you enjoy as in being able to secure profits at even higher levels. It's a common sense practice, but still, people keep making the same fault by buying or selling everything at once....

[Weatherby]

Bitcoin is trading at a range for a very long time and it is not that surprising that we saw a small correction after touching three thousand dollars,expect these sort of movements in the market unless and until there is a big push from either side,until then the market will repeat itself reaching close to $3000 and having a small correction and then climbs back.

[1Referee]

yeah, the problem here is the $300 drop in one hour, atleast if it was in a weeks period, then I would understand, 1hour ?

To you the price going down a few hundred bucks may seem like a whole thing, but the reality is that it is all part of the market. If you look at the overall buy support, then you'll see that it's piss poor on each and every level. Relatively small dumps cut through the price like a hot knife does through butter. In that regard, prepare yourself for even more in the coming years. If the price at some point reaches the $10,000 levels, you'll see the same easy 10% dumps, but where the price goes down with $300 right now, it will then sink with $1000 in a matter of an hour.

[Slow death]

Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.

Hummm something normal, when i saw the title as I was doing something else on the pc did not pay attention and thought you had said that bitcoin drop to  $300, I almost launched my phone