BTC Price drops $300

[lionheart78]

Well drop is what they called correction, but I think some ICO project is cashing out  , or probably whales is playing their trick again.  Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

[tabas]

Well drop is what they called correction, but I think some ICO project is cashing out  , or probably whales is playing their trick again.  Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

Damn that makes my heart troubled and make me want to sell some of my bitcoin. I haven't sold bitcoin lately as I keep on believing with the long ter holding. I hope that this is just a correction and these whales will not let other crypto currency to surpass bitcoin. I will be patient and will wait for another increase.

[stergium]

Well drop is what they called correction, but I think some ICO project is cashing out  , or probably whales is playing their trick again.  Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

that is just normal for bitcoin, some time the price of bitcoin even drop much more but now people are use to with bitcoin and they are not going for panic selling and are holding bitcoin in any case. the big whale cannot now manipulate the price of bitcoin. even the small investors are now combine giving a good support to bitcoin. i am sure that even in this year we are going to hit 5000 $. therefore those people who will hold bitcoin right now will be in profit.

[Bezobraznike]

Well drop is what they called correction, but I think some ICO project is cashing out  , or probably whales is playing their trick again.  Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

that is just normal for bitcoin, some time the price of bitcoin even drop much more but now people are use to with bitcoin and they are not going for panic selling and are holding bitcoin in any case.

   It`s happening with BTC price all the time, I was watching graphics a lot, and looks like bitcoin price was never stable for more then a few days. Price tend to go up for some time, then drop, then up
again and like that for years. I don`t understand corrections and what whales actually do, I understand that price moving is what make so many people to talk about here, and all over the world.
 

[BitMaxz]

Well drop is what they called correction, but I think some ICO project is cashing out  , or probably whales is playing their trick again.  Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

that is just normal for bitcoin, some time the price of bitcoin even drop much more but now people are use to with bitcoin and they are not going for panic selling and are holding bitcoin in any case.

For now they are not panic sell and they know they will lose if they sell bitcoin .. i watched the price drop few hours ago but i already sold few of my bitcoin after that few minutes the price gradually crashed.  but i think its just a small crash and its a good time again to buy bitcoins for a little bit low price. . the good thing is coinbase are not letting more crash happen because i saw after i sold bitcoin coinbase is unable before the crash happen..

[senyorito123]

Well drop is what they called correction, but I think some ICO project is cashing out  , or probably whales is playing their trick again.  Anyway, lets just hope this is either correction or whales playing the market because if it is the whales then we can surely see another surge in price of Bitcoin in the following week.

that is just normal for bitcoin, some time the price of bitcoin even drop much more but now people are use to with bitcoin and they are not going for panic selling and are holding bitcoin in any case.

For now they are not panic sell and they know they will lose if they sell bitcoin .. i watched the price drop few hours ago but i already sold few of my bitcoin after that few minutes the price gradually crashed.  but i think its just a small crash and its a good time again to buy bitcoins for a little bit low price. . the good thing is coinbase are not letting more crash happen because i saw after i sold bitcoin coinbase is unable before the crash happen..

I dont see any panic Selling happening right now but the way I see it those people who sold their coins a re pretty much contented for the profits they earned for this day, But surely bitcoins price would cameback to its phase and actually the record set last night is pretty much good and surely it added more good + stand up for this one and possibilities that price would soar again for next time around.

[VenceyBit]

I'm guessing Bitcoin will be down moon for the next few weeks. Give the BEARS a chance. We cant keep going up. Same pattern again and again,just buy those dips.

[n0ne]

Around $300 fall in the price of bitcoin is something a big volatility. This taking place when the price is getting closer to $3000 is the bad news for all the bitcoin users. This time the price retains, but we may need to wait few weeks to experience the $3000. Now a  panic selling will make the market fluctuatory.

[Rahar02]

I am one of the people waiting to see it reach the $1500 mark so that I can finally own a few, honestly speaking I have been waiting for quite some time now. It seems like the price is no longer going below the $2000 mark.

Bitcoin has very small chance to drop back at $1500 and the last correction was brought back bitcoin to $1800 as the lowest price.
Even $2000 won't happen if there is no big problem occurs that makes people afraid to loss and panic sell.
However, bitcoin already recover a bit after dropped $300, I just see it as the way for some people who want to get profits by sell their bitcoin and buy back at lower price.

[ImHash]

Very large amount, if you were some one holding 5 million bitcoins you could have a heart attack on the spot after seeing something like $1.5B lost in value of your coins, I really don't know how these whales doing it, I have less than 40 coins and that's just not really for myself but rather a gift from my fiance to literally get into my pants and I am now in a sad mood
You must have some balls to take these losses. However I'm not losing hope and won't dump so easily, to the moon we go!

[Ken1022]

It felt like only yesterday where everyone was cheering for the 2000$ mark. Sometimes we forget the anxieties  a few ATHs later.

If we can't get past 3000 this month, there's nothing to be worried about. Bitcoin must drop in price every now and then to encourage buyers too. More buyers = eventual higher values.

[Wipro]

It is normal that it goes down and up really, new people can get in at slightly lower prices and traders can earn some more. Would be quite boring if it were static.

Yeah, it would be better that it just went up and up, but this is what we have...

Yeah price use to fluctuate normally in btc chart but yesterday marketcapital of the altcoins also has been turned to red. However, now bitcoin value has been recovered and value is around 2700$. Therefore, if you wish to sell out the bitcoins means don't do that and hold it for sometime. It gives profit to you.

[klf]

Around $300 fall in the price of bitcoin is something a big volatility. This taking place when the price is getting closer to $3000 is the bad news for all the bitcoin users. This time the price retains, but we may need to wait few weeks to experience the $3000. Now a  panic selling will make the market fluctuatory.

Yes, if you're a long-term investor then no need to worry about this corrections. It is quite common and expected when anything goes up so much high from its original price. It will be a range bound for some time and after stabilises around 2500 to 3000 range then it will pick up to the next level. But that may take some time and it may not happen soon.

[bajing]

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.

Waiting for 1500? I don't think soo even we saw sudden price dip of -300 it wont go back again on 1500,theres possibility but it wont happen as of now the price is climbing back again and lucky for those person who purchased on lowest price which is $2600. Don't panic brother, its just normal for price to go down sometimes,remember that bitcoins price is too volatile so expect the unexpected things anytime.

To fall back to the $ 1500 price it can still happen that probably will not happen bitcoin prices are below $ 1000 let alone down to $ 300. As you say bitcoin price is too fliktuatif so unexpected things can happen anytime, it shows no one The reason for which bitcoin prices will stabilize at one point.

[HTracer]

Bitcoin needs healthy correction for a while. I expect strong resistance at 2200-2000 range. Having refuelled it will head for new ATH.

[severaldetails]

Bitcoin has been dropping and climbing since its beginnng.
I suppose it will always be that way.
Of course, on the long run bitcoin has increased its value dramatically.
And with an increased value, the value of the deflection turns larger as well.
But its percentage stays about the same.

[slaman29]

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...

Indeed. 10% fluctuations in a day are very normal for a lot of markets, and for something still as very volatile as Bitcoin, this is to be fully expected. It has shot up much more in the same period of time. As price gets higher, the 10% becomes more. Remember when it was moving hundreds of dollars at 600-1000? That's bigger swings percentage wise.

[Yuuto]

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.

The thing is a lot of people aren't expecting this price drop andi 've seen a lot that are actually quite happy because of it. I would be happy too if it went down back to $1500 because i missed out on a ton of buying opportunities throughout the pump. I'm just probably going to stock up on bitcoin for cheap and hold it till the next big pump comes if it does happen to go that low.

Extremely unlikely though that it will reach that low. Absolutely floor is pretty much set at $2,000 and it's pretty immutable atm. It first crashed to around $2500-2600, but now it's recovering. If speculators want to make the price of btc low they need to have a lot of btc and a lot of motivation. Not an easy task.

[hello_good_sir]

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.

As you mentioned i think the consensus here is that if bitcoin prices ever hit that low, people will buy in. Bitcoin has a lot of supporters, no doubt. Even if we only have a few thousand dollars each if we all buy in when the price plummets it'll stabilize the price is little and hopefully make bitcoin recover.

However, your worry is probably in the distant future. I can't even imagine what $1,500 per bitcoin would be like right now, even though we were at that price point around a month and a half ago. Crazy how things go by so quick, it's almost scary. Seems like that $3,000 is new short term ceiling for BTC. I don't think that we're over with this pump yet. In the next few weeks, things will be very interesting. How the UASF goes though will be crucial to whether btc sustains this sort of price or gets dumped. Two chains are probably going to be split as a result, and it's going to be a hassle managing two wallets at once for the same btc.

[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.

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

That's a big bullish move but currently the price of bitcoin now is trying to make a new floor. I think we are already on the safe haven of $2,500 as the new floor price of bitcoin. And the price now is good and playing from $2,690 - $2,720 and it gets higher from time to time. So there's no need to worry with this normal move.