Why Bitcoin is falling ? 9000?!?

[geo43]

There's always a dip when an all time high is reached. Profits need to be taken by some investors. It will bounce back.

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[setifien19]

The pump was increasingly abnormal ( ie : the fast price growth was somehow in unhealthy way ) which leads to an obligatory correction ( which is happening by the dumped price) , so don't worry, because it's very natural evolution in such volatile market

[pabpete]

My guess is hitting 10 000 was a milestone for a lot of people and it went as high as 11.5k+ earlier today then a whale sold off or something and here is the problem with a bunch of people who own a % selling.. they create a snowball effect and others panic and get scared and start selling. How low will it go? No one knows as for long term hodlers you have nothing to worry about : ). So just hold
Disclaimer: this is not financial advise trade at your own risk

In my opinion, Bitcoin is already so well developed that every drop will be a very big revolution. Currently it is worth about 11k so I do not think anything has changed so diametrically.

[Pab]

China is investigatigating p2p exch,ban around the corner,read today coindesk and market is overbought

[rizkyhiw]

Simplest answer you can get here: bitcoin is speculative currency and speculation bubble popped. There is correction of Bitcoin price. Coinbase is unavailable too. It always happens during dumps.

In the last few days some people indeed make a speculation to buy bitcoin ,
That's make the price escalate so quick , no other reason i am sure ,
And everytime the moment like that happened people will always try to take the golden opportunity to escape from the bubble by sell it at the highest ,
Which it's happening right now , the dump causing market get flash crash from $11,000 to nearly $9,000.

[Lizzin]

Was going to buy but ofc Coinbase is down...  this happens often?

[ChConcept]

Don't worry people, this is just a phase. looking at bitcoin history, a bearish trend is healthy for it's growth. This what I believe is happening. Aim for $13k next! This will make other financial institutions notice BTC and its future so they'll join in, making btc price skyrocket!

[Dan D. Lion]

It's interesting to see just how dramatically and quickly these moves can happen.  It really does seem like all it takes is a few whales to take some significant profits, and then it immediately becomes falling dominos, people who were quite comfortable just holding and letting it ride suddenly start thinking, "This could come down a few thousand, it's time to lock in some large profits and let it come down and buy back in later".  And of course, multiply that mentality by several hundred thousand people and you have a "flash crash", a self-fulfilling prophecy.  How fast one can get in and get out becomes an important consideration.  I'm not a trader so I'll just wait and if it does come down a LOT I'll will be very excited to buy more.

[Lambo-san]

My guess is hitting 10 000 was a milestone for a lot of people and it went as high as 11.5k+ earlier today then a whale sold off or something and here is the problem with a bunch of people who own a % selling.. they create a snowball effect and others panic and get scared and start selling. How low will it go? No one knows as for long term hodlers you have nothing to worry about : ). So just hold
Disclaimer: this is not financial advise trade at your own risk

Bitcoin falling after reaching a tremendous all time high is very common. It is an inevitable to see some holders to sell some of their BTCs after reaching a certain target. This is just the way it is so just bear with it.

In every community, there will always be those who have weak hands and are playing always on the safe side. So if a so called whale began to dump, some weaklings follow and watch the domino effect.

For the record, it is good for Bitcoin to go down once in a while. This way, some will continue to buy when Bitcoin had its corrections.

[Temik2704]

Remember the main rule - there is can't be constant growth without any correction! Now lets see the bloody tears of greedy persons.

[Fire Rabbit]

Dont worry. It always happen like that. It will definitely regain its value. May be for next one or two weeks , its price will remain the same . But after that its price will definitely cross 11000 dollars. What happened now is just price correction. Actually there is no setback for bitcoin. You just hold your coins in your wallet. Thats it .

[coskunc]

There has been a rumor about that bitcoin will fall around $3500 - 4000. It is now $8700 which is a big fall.

Im gonna wait until $4000 then I can buy.

[TriggerHappyCoin]

I hope it will drop to 5k or something (even though at that rate I will make a red value!). I was just reading and investing when the big bubble came. To little money in it from me to take full advantage of the big flow up. So wait for my investments and fly Ro the moon  

[kitkat008]

There has been a rumor about that bitcoin will fall around $3500 - 4000. It is now $8700 which is a big fall.

Im gonna wait until $4000 then I can buy.

what a load of crap. if you have 3 dollar to spend go buy candy.

correction will be around 9000

[notthematrix]

It's the operation Dragon Slayer, no one believed me but i told you guys, Roger Ver and his friends have a plan to kill Bitcoin and replace it by Bitcoin Cash. Bitcoin will dump to 1000

[Labrader]

Im gonna wait until $4000 then I can buy.

Yeah, can I borrow your time machine?

[Haunebu]

Remember the main rule - there is can't be constant growth without any correction! Now lets see the bloody tears of greedy persons.

Good one dude. I share your opinion here and I feel that this expected correction is healthy for bitcoin and the crypto world on the whole. The current rally by bitcoin seems way too artificial and you must be cautious before investing into bitcoin right now. My idea would be to stay patient and HODL whatever bitcoins you have since 2018 might be even better than 2017 for altcoins.

[jak3]

Might be a quick peek on the price, just keep holding your coins we sure going to witness another price increase very soon. When the price has reached $11,000 then people have take the cut on the profit as in this current week there are many new traders have joined the network I hope they enjoy this price increase. Because Soon we are going to have more of this. Keep holding and buy more of the Bitcoin as you can.

[smajler]

I dont know maybe this is a reason for the current dip. China again ban bitcoin. https://www.coindesk.com/china-state-tv-otc-bitcoin-platforms-may-violate-regulation/ (China State TV: OTC Bitcoin Platforms May Violate Law - CoinDesk)

[TorbiK]

The standard situation. When the price overcomes the round level, it is pulled out as high as possible, and then everyone sells it. And so every time. There is nothing to be surprised.