Why Bitcoin is falling ? 9000?!?

[zolfa]

it's because yesterday bitcoin rises too fast as many buy bitcoin, and also bitcoin owners are sensitive to bitcoin. and it affects the bitcoin price.

[wiser]

In my experience the faster the run up the steeper the correction. Unless there is something truly crazy going on Bitcoin will settle at a low somewhere in the 7 to 9k range, hang out there for a while, and then start climbing again.

Another thing to keep in mind: Bitcoin tends to drop in the weeks leading up to Christmas. I think a significant number of Bitcoin holders sell off a bunch to shower their loved ones with great gifts to celebrate.

So... if you have some extra money lying around as Christmas gets closer, you might get Bitcoin at a good price and see your holdings grow nicely over the few months after Christmas. It's happened before, but not guaranteed to happen again. Only put in what you can afford to lose.

[thaiphoon]

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

Why then is  Bitcoin Cash falling as well?? I'm about to sell mine.

[tuvok007]

Finally some normalization, it was 8k a week ago, 9k two days ago, 10k today and even went to over 11k. Thats insane,healthy correction is needed....

[btcprospecter]

A simple answer to the question is because I bought some and as soon as I do the price starts falling. In all seriousness it probably has more to do with people cashing out at 10k. It's good profit for some one that invested only a few thousand a couple of years ago.

[Rickirs]

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!

Absolutely and if we see charts and previous trends, its already happening, already seeing small recovery happening after hitting low of USD 9295 ..

[Cherylstar86]

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? Back to 10k by tomorrow. So just hold
Disclaimer: this is not financial advise trade at your own risk

The news came out that the nasdaq will accept bitcoin futures, and can play to lower it, because it is set to it negatively

With this current higher price value of bitcoin nowadays I am able to see it that falling below $9000 might happen after the price surges at $10k. Regarding nasdaq acceptance of bitcoin I don't believe that they can play to lower it, because its been speculated already like china banning and no one succeed for that black plans. Bitcoin's negative speculations has brought its price to further rise even better, although the falling of its price really affected due to more dumps happening because the idea of selling bitcoin at higher price is their.

[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

Why then is  Bitcoin Cash falling as well?? I'm about to sell mine.

If the smart money wants to buy more Bitcoin Cash , they need to buy it cheap, once the bitcoin arrives at 1000, BCC will start to rise and then you will see how easily replaced bitcoin will be

[ChrisPop]

As I said before Bitcoin is due for a correction. The price history showed us that that bitcoin doesn't just go UP, instead it makes strong rallies then suffers a correction which is completely normal. Bulls needs to rest before taking the price to another level and also bears must be fed from time to time.

[Lizzin]

Wasn't able to buy during the dip, exchanges were down.. 

You are not alone so I feel for you!  

[thaiphoon]

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

Why then is  Bitcoin Cash falling as well?? I'm about to sell mine.

If the smart money wants to buy more Bitcoin Cash , they need to buy it cheap, once the [Suspicious link removed]ives at 1000, BCC will start to rise and then you will see how easily replaced bitcoin will be

So I should hold? Or sell, take a loss and then buy back?

[Jacoroph97]

Bitcoin is pivotal to all other altcoins, whenever it nosedives all other altcoins do the same.

[tabas]

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

That's how bitcoin is volatility works, we saw it at $11,000 and now it's getting lower because of the correction. When whales are cashing out, expect that weak handlers will do the same especially those people who are FOMO. This will make bitcoin healthy so this is normal and everyone has been waiting for this.

[Jltan]

I'm guessing that 10k has become the new base amount for bitcoin given the steady rise thus far. As the most valuable crypto coin so far, i don't see any investors dumping bitcoin in both the short and long term. So going back to 9k is almost impossible.

[batang_bitcoin]

As I said before Bitcoin is due for a correction. The price history showed us that that bitcoin doesn't just go UP, instead it makes strong rallies then suffers a correction which is completely normal. Bulls needs to rest before taking the price to another level and also bears must be fed from time to time.

True, normally when the bitcoin is increasing like there's no tomorrow you had to be attentive to it's charts. What I do is sometimes even when I'm sleepy I don't want to miss any single peak on it, I learned from my past mistakes. And so the correction has happened for the quick increase of what made bitcoin did but after this correction expect that it will pass what peak we've seen, yes it will pass $11,000.

[thaiphoon]

Bitcoin Cash BCH is much, much more falling than Bitcoin!

[Zevsalex]

There can be no endless growth, especially given that several strong psychological levels have been broken through.
Correction should have been, it is inevitable.

[Dan D. Lion]

There can be no endless growth, especially given that several strong psychological levels have been broken through.
Correction should have been, it is inevitable.

That's true, I'm just hoping for semi-endless growth...

[BitMaxz]

Didn't expected that there is a huge price drop will happen today that i thought 11k will be new price resistance.. but in just few hours the price was drop.. if i know that it can be happen maybe i sold my few bitcoin just to get the benefits of the price from 11k and buy bitcoin today.. and made a few profit right now..
But as i can see in the market right now more traders are buying more bitcoin but more traders are selling that i think its affected by panic selling..
Well i think it can be recover again increase back to 11k above maybe this following month we will see huge price increase again..

[Coffee135]

It seems to me that Mosley has such a huge pump whales should count their income. As soon as they identified with the consequences of their unprecedented operation, they will determine the strategy. The psychological barrier is passed. They can easily push in a few hours the price above $ 12,000.