BTC Price drop?

[Asteria478]

^

No bump, just another big drop..

[alyssa85]

It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.

Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.

[DeathAngel]

It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.

Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.

Somebody turned the fucking lights out. This post above makes sense though, I guess this is probably a healthy pull back even if we don’t like to see it.

[Asteria478]

So what is the actual reason of the drop this time? it went down like 350€ in the last 24h.

[Apraksin]

My guess, some of the topheavy Bitcoin cash supporters dumped BTC while buying BCH, trying to create the illusion of a potential flipover.

[monsterous]

bitcoin price depend on law of demand and supply so that not need reason to rise and down because it is normal mode for it

[Baofeng]

It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.

Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.

Its plain and simple. They are really cashing it out and taking home the profit from all the pump in the last couple of weeks. Really a smart moved for most traders. And then wait for the dump and the price to floor, then go back jumping to bitcoin again. As for BCash, I don't know, may they are really creating a illusion that its a coin worth more that what it is, but just be careful maybe big players behind are just waiting  for a perfect time to dump it as well.

[iqlimasyadiqa]

It's profit-taking. The price went up too fast, and the smart money is cashing out. When it bottoms at about $6000, people will buy again.

Nothing ever goes up in a straight line, and it would be healthy if bitcoin traded in a $6000 to $7000 range for the next few months.

Somebody turned the fucking lights out. This post above makes sense though, I guess this is probably a healthy pull back even if we don’t like to see it.

I saw the bitcoin price and I am very surprised that the price of Bitcoin has undergone such a deep correction. maybe this will happen for the next few days, but when the price is still at the rates 6000USD up to 7000USD then I am quite sure with you that the price of Bitcoin can still be said quite safe. some traders will definitely make a decision, they will wait to be able to keep the Bitcoin price and try to sell in order to make a profit. We can see what will happen in the future and do not make panic sell action because it will make it all worse.

[Sensill]

reduce number of demand because 2x fork cancelled and many sell them bitcoins

[jackhdt]

bitcoin price depend on law of demand and supply so that not need reason to rise and down because it is normal mode for it

I agree with you that the price of Bitcoin  on the law of supply and demand . However, the shark can control the price because they are the largest suppliers
when they target profit and sell Bitcoins then supply> demand so prices go down

[Mehedi72]

You can see,  the price of Bitcoin already dump around 6900$ and now 1 Bitcoin equals 6828.06 US Dollar. Possible to go down more but i Always believe in bitcoin and i think bitcoin able to recover its price within 1 month and  obviously can hit 10k dollsr or more in the next few months

[Epimetheus]

I think the previous rally ( of 12th & 13th October) was supported a lot by a kind a FOMO, and was not based on real demand.

 Now, it's just a normal correction.  

 If there was real fear about forks, the price would go a lot lower

No you are wrong the price of bitcoin in not get lower in the future because the demand or need of bitcoin is countinously increases by the people. So that the price of bitcoin is also rise in the future. There are equal opportunity of price of bitcoin it may be rise or it may be drop. But there are more chance to increase the price of bitcoin.

[barota]

price now 5900 usd per btc
bitcoin  will fall more . We have not seen the real fall yet . bitcoin Needs to return to at least level 4000 usd

 

[VuLDK]

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

I think the price of BTC is down due to the impact from some investors are trying to push the price up. BTC price will increase again in the coming time. This point should keep BTC in your wallet

[Richard Branson]

price now 5900 usd per btc
bitcoin  will fall more . We have not seen the real fall yet . bitcoin Needs to return to at least level 4000 usd

Just hold the same amount of coins in BTC and BCH.
If you're holding 1 BTC and 1 BCH, the cumulative value is still 7800$.

There was only a slight shift from BTC to BCH.

[Caladonian]

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

I think the price of BTC is down due to the impact from some investors are trying to push the price up. BTC price will increase again in the coming time. This point should keep BTC in your wallet

just allow those dumpers to enjoy and ride with the btc cash drama as expected things will bounce back to btc in the long run , time will tell and will
witness how bitcoin will rise back up again, we just need to hold and stay away from this current drama.

[barota]

price now 5900 usd per btc
bitcoin  will fall more . We have not seen the real fall yet . bitcoin Needs to return to at least level 4000 usd

Just hold the same amount of coins in BTC and BCH.
If you're holding 1 BTC and 1 BCH, the cumulative value is still 7800$.

There was only a slight shift from BTC to BCH.

i  missed a big profit from bch , I did not expect this pump

you must sell bitcoincash now . because huge dump comming bch Raise enough .

probably bch will back to 700 usd

[CuriousGeorge]

price now 5900 usd per btc
bitcoin  will fall more . We have not seen the real fall yet . bitcoin Needs to return to at least level 4000 usd

Just hold the same amount of coins in BTC and BCH.
If you're holding 1 BTC and 1 BCH, the cumulative value is still 7800$.

There was only a slight shift from BTC to BCH.

i  missed a big profit from bch , I did not expect this pump

you must sell bitcoincash now . because huge dump comming bch Raise enough .

probably bch will back to 700 usd

The dump has already coming, from $2100 to $1400 within an instant time or can be said, short time, so many people have already predicted this, there's no way that the price could just increasing that much if not by manipulation.
Maybe I'm wrong but atleast, the price has seem to come back normal again, bitcoin gaining its price and still recovering while BCH gets dumped again.

[Washball]

Also missed a big profit not selling last week at the ATH. Then Bitcoin got even lower because of people trading it for Bitcoin cash. This morning Bitcoin cash went up even higher, but then fell back. Causing Bitcoin to rise again. Soon Bitcoin will speed up and rise to even 8K. At the end of the year it will even repack 10K.

[noormcs5]

price now 5900 usd per btc
bitcoin  will fall more . We have not seen the real fall yet . bitcoin Needs to return to at least level 4000 usd

Just hold the same amount of coins in BTC and BCH.
If you're holding 1 BTC and 1 BCH, the cumulative value is still 7800$.

There was only a slight shift from BTC to BCH.

i  missed a big profit from bch , I did not expect this pump

you must sell bitcoincash now . because huge dump comming bch Raise enough .

probably bch will back to 700 usd

I also missed a chance to gain a big profit from bch, because i was not expected a big jump of bch, that's why i missed it. But now i take the decision and sold my 2 bch in 0.5 and see now bitcoin has been started to rise again. Its mean this situation of bitcoin fall is because of bch, but bitcoin is reliable coins, don't do mistake to sell the bitcoin because of little fall.