Today, Bitcoin dump ?

[jackg]

My usually nice luck...invest some in crypto>>>next day China ban cryptos..no chanche to re-see btc over 4k right?

It'll be back...
Once the value goes below $3000 it'll start to be pumped back up by people wanting to invest in the new price (which is about half of waht it used to be).

If china goes any further, then that means that all of thosecompanies will relocate and may change to occupy multiple countries and offer a better decentralisation to the network (so it might not be so bad).

[adzino]

My usually nice luck...invest some in crypto>>>next day China ban cryptos..no chanche to re-see btc over 4k right?

Same here. I'm not pissed off because the price went down. I'm because I bought just before this happened. I could have have more bitcoin. I'm not a future teller so I'm slowly calming down. At least I have learnt something and I won't buy until next correction.

This is not a correction. Just Chinese investors trying to secure their funds but local exchanges over there gets banned. Just keep on holding what you have bought. I know its hard to see the price fall, but don't let your emotions play with you.

[ivrynx]

This is just a normal thing to happen on a great investment, there will be a time that most people with weak hands are going to sell out their shares, in this case their bitcoins. We all know that bitcoin's value is volatile and as of now, it is giving us an early christmas gift, having the value now lower than 4000 usd, more and more people are still expected to sell out their bitcoins and will just go with the flow. When china banned ICOs , the value of bitcoin went down, then a word from jpmorgan, it is so clear that this will surely cause panic, but this happened already before, history is just repeating itself again, so we need to learn from it. At times like this, real investors will come out, and will buy more coins for sure, if the community has bought a lot of coins and there came a time that there is scarcity, bitcoin's value will sure be worth a fortune, since bitcoin is the future, and we need to grab it now, before it is late, i am sure we all had regrets before by not buying bitcoins, and niw that it is becoming a bargain, i think we arr being given a second chance, since for sure, a lot of countries will learm their lesson from china and think up of ways on how the government can regulate bitcoin or at least gain some profit from it. We should all be aware of the saying that if you go down, there is no other way but up, and that is also true with bitcoin, we may all be shocked in the coming years, on what value it will give us.

[goinmerry]

My usually nice luck...invest some in crypto>>>next day China ban cryptos..no chanche to re-see btc over 4k right?

Just because with the today's drop you drop your believes in bitcoin? So what's more if price will reached $1,000, will you suffered a heart attack?

Relax and calm. It's good to see that we are still on 4 digits value rather than going back again to $500. Just continue your normal activity in bitcoin and just watch on it's progress.

[ohlawdy]

Just keep calm , it will go up again.

[BingoDog]

Don't fall so easily under your emotions. I know that some users bought bitcoins at the highest price and now they are disappointed and beleive they have lost their money, but have patience and get used to situation like this, this is not the last one. Some beleived bitcoin price will rise forever but don't forget there are occasional dumps too.

[Hamstead]

Can anyone tell me what is happening to Bitcoin? BTC price from 4660 dropped 4k1 and still continues to decrease, investors and trade as I'm feeling very confused. Give me some advice right now, so I can calm down.

We are all watching this, you don't have to worry more. It is not totally the indication that all cryptocurrencies will gone, sometimes it might happen just like before.
Probably China could have change in rules and regulation of bicoin in their country, since China is having a large numbers of money changers that could probably affect the sudden dump of bitcoin price and others. But it could be back to normal when bitcoin ban is lifted.

[Sate Jamu]

yes I hope dump soon finish and bitcoin can recovery to the price of $ 4000, I will not sell bitcoin because I'm sure this trend is coming to an end and the price will skyrocket again.

[mace15]

Don't fall so easily under your emotions. I know that some users bought bitcoins at the highest price and now they are disappointed and beleive they have lost their money, but have patience and get used to situation like this, this is not the last one. Some beleived bitcoin price will rise forever but don't forget there are occasional dumps too.

Yes dont let your emotions to do panic and selling all your holdings that may results into lose all your investment. This is the normal market of bitcoin that price is cheap and expensive.  But lets hope that this is not the end of btc because I believe value will rise.

[Polar91]

Can anyone tell me what is happening to Bitcoin? BTC price from 4660 dropped 4k1 and still continues to decrease, investors and trade as I'm feeling very confused. Give me some advice right now, so I can calm down.

This was an alarming scenario because of the big and fast drop due to some issues and reasons within bitcoin that made the price rate dump into action. It will be best if we just stay calm because it had happen on the past and the bitcoin has recovered from that scenario. We just need to believe on bitcoin's capacity to grow and regain what it have dump.

[ramsdaj28]

Can anyone tell me what is happening to Bitcoin? BTC price from 4660 dropped 4k1 and still continues to decrease, investors and trade as I'm feeling very confused. Give me some advice right now, so I can calm down.

Considering its value (which is around $2500 - $3000) before August 1, that $500 price drop doesn't really hurt. The drop on btc value today is highly due to the correction on part of the traders. This means that traders are now selling their bitcoins which results to what we call MASS SELLING or closely related to PANIC SELLING.

In the law of supply and demand, if the supply of a product/service is high and the demand is low, the tendency is that the price of that product/service will fall. The reason why we are experiencing a drop in bitcoin price today is explained by that. Probably, there are no high demand of bitcoin (I mean, there's no enough buyers out there) as of now, so bitcoin price drops.

[samus.aran]

And tomorrow Bitcoin pumps. If not tomorrow, it's very lileky that we will be seeing a price recovery before the end of the week.

[tabas]

And tomorrow Bitcoin pumps. If not tomorrow, it's very lileky that we will be seeing a price recovery before the end of the week.

Recovery is sure to happen and this dump is never going to happen for a long time. I seen many times of bitcoin pumps and dumps and most of the time, price recovery is longer than the price dump. When the price dump is happening it only happens for a week and in the past I don't know if the price of bitcoin fall for a long period of time, but this is for sure it will recover.

[L00n3y]

Can anyone tell me what is happening to Bitcoin? BTC price from 4660 dropped 4k1 and still continues to decrease, investors and trade as I'm feeling very confused. Give me some advice right now, so I can calm down.

It is really sad to know that bitcoin is dump. Almost 60k $ has been decreased. But I'm still hoping that bitcoin will reach its highest level such as 300k $ after this year. So don't be worried and everything will be fined.

[A.H.Rassel]

The reason the market plunges now is that of trades closing down in China. see that status https://twitter.com/YourBTCC
China government ban ICO likewise this influences the cost of Bitcoin yet don't stress, Bitcoin will again increment and recuperation his esteem

[Yanisumin]

keep calm dude, it's happen because there are issue in china will ban crypto exchange, it make chines investor and trader panic, but it just an issue. not really happen

That is to assume that this is just an issue. When we want to go to the real thing, let's go to if China banned cryptocurrencies exchanges. We all know that the Chinese is a big part of this industry, one of the biggest whales are there, regarding to the decision in October this already resulted in panic selling and dumping of coins and this is not good.

If China will ban BTC then I think the price might go down below 2000$ and this will be a year long because we are waiting for this to recover( the good thing is that Russia is so open in this ) so the best options here is hold our horses and not just depend on Chinese in the coming years and waiting for the cryptocurrencies to recover.
This is hard but we must overcome this ( one of BTC holders here ).

[sheamus10]

that's right, bitcoin prices will soon rise though not much but will be stable again maybe the range of 56 millions.
this is just my prediction

[makveezy]

I for one will be buying in at this low.

[TaylorFade]

*Yawn*

Wake me when it hits $3k

[Savik]

*Yawn*

Wake me when it hits $3k

We'll hit $3k by the end of tomorrow. Don't forget the weekend dump is coming too! $2700 by Sunday is my guess.