What happend with BTC? BTC is going down under 7000 USD.

[Jack353]

First off, WOW 40 BTC is a LOT!

Now to answer your question. Bitcoin is in a slight correction and is expected to bottom around 6100 before it rebounds. This is not a problem and, in fact, these corrections show a healthy market and are actually good news!

In short, NO DO NOT SELL! HODL though dips. The best thing you can do now is to forget that you even own the Bitcoin for a few years (or at least months). Do not worry, Bitcoin will be breaking new highs again in no time. After all, it is expected to break $11K by the end of the year.  

Good luck and remember to NEVER invest more than you can afford to lose!

[LuanX3]

It's just a normal occurence, bitcoins will eventually go down since it has really gone up by a lot. But I won't panic right now if I were you, since this is normal it is just correcting. It will still go up in the near future and will likely break another all time high. I estimate it to reach $10,000 before the end of the year, but right now it is the time for alts. Since alts all went down by a lot, there are so much cheap alts that people can buy.

[Kloug]

You obviously won't sell, that would be crazy.

You will just forever live with the idea that you just missed (not lost), by a couple of hours, 40x400 (unless BTC dips even more) =16000 USD
Yeah I'm rubbing it in, but I too bought a couple at 7500 (but on the rise after the large fall)...  Not 40 but 5, but it still blows.
The worst is that I was ready for this dip, and I handled it completely wrong.

It looks like it has stabilized at 7200, meanwhile ALTs seem to stagnate after their predicted 10-20% rise, maybe that will convince everyone that it's time to go back to BTC. But many say it will go down further. I don't think it has a chance to pass 7000, but maybe I'm wrong. Hell I still have some money left to buy more at 7000.

It's normal that the dip isn't as big as if the fork had happened. Any large dip after the fork would have been compensated by the value of the B2X. So there is no reason to dip further. We all end up with the same money as if the fork had happened (except for those who think they would have successfully sold their BTCs within the first seconds after the fork. Yeah -some- of you would have had that chance).

[katinko]

That is normal fluctuate in bitcoin value even the fork was cancelled bitcoin continue its progress and it would be more investors to come and the value before this year end will reach more than $8000. For now i am continue to collect to have more bitcoin in the christmas to make that day more happy and fruitful.

[sk.kumar3582]

i think the price had been pumped unnecessarily
and the reason for that is the price crash just few momenta before the segwit cancellation news was publicized !


its obvious that big players got the news faster and brought their money out soon

that i what is called news trading in markets

[TravelMug]

What happend with BTC? BTC is going down under 7000 USD.

segwit 2x cancelled but BTC is going down under 7000 USD.

Almost people thought if segwit 2x cancelled, Price go up to 8000 USD.
But now Price is down.

How do you think about this situation?


I have more than 40 BTC now, And I am losing my money now.
I bought BTC at 7500 USD.....

Hold or not..

You have a lots of money to buy bitcoin at a premium price so I'm expecting that you are going to hold for a long time, isn't it? If you are in for the long haul then there's nothing to worry about. As you noted, the segwit2x is already cancelled, they why so are seeing minor price correction. Maybe traders are cashing it out because they want to trade altcoins more, or just simply taking home profits. So my advise is just to hold on your bitcoins, you can't really do anything today, you can't sell because you will just loose your investments. So stay calm and just let your bitcoin sit in your wallet for long time in order to see nice profits when bitcoin like touch $10K in the future.

[bbcolex]

Main reason bitcoin price is fluctuating because of segwit2x being cancelled or postponed indefinitely , Bitcoin price was pumping because of the cancelled fork which is segwit2x. People were holding as much as btc they could for free coin that they will get in the said fork. Apparently, things change in an instant and when segwit2x was announce cancelled which lead bitcoin to correct it's real price and traders going back to alt coins. Just hold . 

[Kloug]

People were holding as much as btc they could for free coin that they will get in the said fork.

..but were they, really?

The BTC dropped by around the (release, since now it's worth nothing) value of the BTG after the fork. Who really made money from the BTG?
The very few who managed to sell at the top when the BTC dropped, and who sold their BTG first. But the rest?
How did that not serve a lesson?
Maybe this time most people were really going to sell before the B2X fork, that is, everyone was thinking that everyone else would "want their free coin", while in fact no one ever did.

That doesn't mean it didn't rise artificially, of course. But I don't really imagine many willing to sell their BTC below 7000USD, while they can just hold it a bit. You know you'll buy again at 7000.

[winnersss]

What happend with BTC? BTC is going down under 7000 USD.

segwit 2x cancelled but BTC is going down under 7000 USD.

Almost people thought if segwit 2x cancelled, Price go up to 8000 USD.
But now Price is down.

How do you think about this situation?


I have more than 40 BTC now, And I am losing my money now.
I bought BTC at 7500 USD.....

Hold or not..

And what do you think that this will be infinite, of course not. Everything is obvious and so far not such a catastrophic descent, I thought it would be much steeper, we must wait and find out what will be after that rise.

[rysea2]

can be said I also belong to the person who thinks that btc will continue to rise because segwit 2x off. but I will not get too panicked even though btc is decreasing because it's normal, always going up and down, so stay patient and look.

[ictin]

Let hodl your BTC, I'm sure that Bitcoin price will continue going up in the future. Because, as you see, in end 2017, CME group will launch Bitcoin future contract. Many investors will transfer their portfolio from bank to Bitcoin.

[airdagon]

What happend with BTC? BTC is going down under 7000 USD.

segwit 2x cancelled but BTC is going down under 7000 USD.

Almost people thought if segwit 2x cancelled, Price go up to 8000 USD.
But now Price is down.

How do you think about this situation?


I have more than 40 BTC now, And I am losing my money now.
I bought BTC at 7500 USD.....

Hold or not..

calm down first you do not need to worry, wait until the price goes up again.
do not sell immediately because you know the price goes down again.
many people want to take advantage because segwit void.
void or not its segwit2x you do not immediately panic.
wait for the future process.

[dothebeats]

All I see are normal corrections and nothing special even though it suffered a couple of hundred dollars decrease in price. Since the announcement of S2X being cancelled, people that bought their coins in anticipation of the event has sold their bought coins to pursue on other ventures and to partly make profit. If S2X continued, the price will also continue to push due to FOMO, and not going down like what's happening right now.

[Kloug]

damn.. here I'm not mad because I "lost" money.. but because this is friday.. meaning my bank transfer that hasn't arrived yet, will arrive on monday when the sale will already be over.

[Cracotte461]

Now the question is untill when will it fall

[Kloug]

until the BCH starts falling, I'd say

quite ironic, it's not the B2X fork that caused this, it's the BCH fork

[danherbias07]

The segwit cancellation seems to really made a reaction to the price.
What else could be blamed? That is the only thing that went mainstream days ago and people are already assuming they are winners if they keep bitcoin in their wallets.
But now, it is going back. No more demand, they let go of their coins.

[jaocoincrypto18]

What happend with BTC? BTC is going down under 7000 USD.

segwit 2x cancelled but BTC is going down under 7000 USD.

Almost people thought if segwit 2x cancelled, Price go up to 8000 USD.
But now Price is down.

How do you think about this situation?


I have more than 40 BTC now, And I am losing my money now.
I bought BTC at 7500 USD.....

Hold or not..

There are some posts before segwit2x was cancelled mentioning about bitcoin price correction in which it will result to decrease of bitcoin value and they also said that altcoins will rise up after this correction will start. I don't know if this is effecting now or this is just an isolated case in which normal to bitcoin trading because i was thinking of this correcting issue is just a propaganda to make the bitcoin value decreases and power up the leading altcoins.

[bitcoin31]

Today price of bitcoin going down at 7000 dollara and that's normal because as of now people sell their bitcoin but for sure many people buy agaij bitcoin because they want to earn more profit. Dont be afraid if the price going down or decreasibg the price because for sure it will recover again after few hours or maybe after few days. Dont be panic just you need patient so you can earn profit.

[longminh123]

Today price of bitcoin going down at 7000 dollara and that's normal because as of now people sell their bitcoin but for sure many people buy agaij bitcoin because they want to earn more profit. Dont be afraid if the price going down or decreasibg the price because for sure it will recover again after few hours or maybe after few days. Dont be panic just you need patient so you can earn profit.

I agree with you . BTC is on the upward trend and now BTC prices are down but just a slight correction. I think in the next few days BTC will be very high and will soon reach $ 8000 this year and will have more new investors in the future.