Why Bitcoin is falling ? 9000?!?

[thecodebear]

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

hahah no. Futures can't affect Bitcoin's price because they don't touch Bitcoin. If anything another exchange adding Bitcoin Futures is bullish as it gives more credence to Wall Street adopting direct investment of Bitcoin next year through ETFs and hedge funds offering it.



Anyways, this is just a normal correction as was expected. The correction this in June/July and September took a month or month in a half to come back up. But the last one a few weeks ago only took 8 days from start to finish because buy pressure is just getting insane now. I'm guessing this correction will be ever shorter lasting until we hit new ATHs at $11,500.

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[thecodebear]

will probably be in the $13k-$15k range by end of year.

[figmentofmyass]

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?

$10,000 was a milestone, but as i suspected, we went significantly past it before a correction. gotta margin call them bottom shorts first! but yeah, definitely a big profit-taking level. but i think it's just that: profit-taking, not "the top."

we're now forming an epic spinning top doji on the daily chart (2 hours away from the candle close). if bulls can close the day like that (or push even higher), i'm confident that $9000 was the low and we are going higher.

remember, as long as the parabolic trend is in effect, all you get is one dump. no retests, no double bottoms. then consolidate or V bottom to new highs. this will crash hard eventually, but there was still less volume on this dump than on november 7th. i don't think people are ready to sell off yet.

[GoldenOrder]

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

LOL BTC is back up at 10k again. I guess "Operation Dragon Slayer" failed after just a couple of hours.  

[harizen]

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

Always expect a correction on the price everytime it was on a crazy pump. The moment it reached $10,000 it was expected so nothing new here. Plus if we look on the current price movement, the dip was not staying for long time and it keeps on bouncing back. It swings as normal and this a good sign that the resistance is building at above $9,000. The support was great so surely the bitcoin price will get back the momentum again.

$9,000 as new bottom? Let' see.

[eance]

Nothing new, BTC back at $10000 lvl now. Don't panic ppl. move on

[player514]

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

It's probably just correction, which makes sense after we plowed through such a huge barrier at 10k. Honestly, I didn't think that we were going to make it past 10,000 as quickly as we did, but it just so happened that it was pushed to the side super quickly. Of course, with that strong of a push in growth, there is bound to be an fairly strong push in the opposite direction with corrections and people selling their BTC to drop the price and buy more later too. Whales rule these exchanges; I can assume that a lot of them were involved.

[kivo2004]

I'm just curious to understand how Bitcoin, Ether and Litecoin had the exact same graph on Coinbase.

There was also a mention of 100,000+ wallets being created over the Thanksgiving weekend on Coinbase.

Also, today they shut down the exchange when it looked like Bitcoin was crashing and then called it maintenance.

Something smells fishy here...

[uDwcHYO]

in recent days, growth has greatly accelerated, the correction was predictable. by the way, it fell not so much

[illyiller]

I'm just curious to understand how Bitcoin, Ether and Litecoin had the exact same graph on Coinbase.

There was also a mention of 100,000+ wallets being created over the Thanksgiving weekend on Coinbase.

Also, today they shut down the exchange when it looked like Bitcoin was crashing and then called it maintenance.

Something smells fishy here...

What do you mean by the "exact same graph?" Just that their prices are correlated? That's nothing new. Virtually everything in this market is positively correlated to BTC most of the time and especially when BTC sells off hard. I would expect BTC/LTC/ETH all to dump at the same time, regardless of any metrics about 100k new users a day.

I don't know if GDAX going down was a result of the API/engine dropping off or if they triggered a circuit breaker. BTCUSD hit the $8500s on GDAX, lower than any other exchange. They may have shut down trading to prevent a flash crash.

[mrelich]

Bitcoin again 11.000 USD at BitHumb. However, why there is such a big difference when I compare this exchange to others? There are no arbitrage trades between those exchanges? 

[Rebldomakr]

The growth from earlier today was unhealthy and had nothing supporting it.
Sure, Bitcoin will reach $11, maybe $12k in the upcoming week or two, but any overnight spurt is surely to trigger a sudden downfall.

[KennyR]

This looks common, because when price increase takes place at some point the price used to stabilize getting lowered in value. Now too the same is happening, and by this time you can feel a panic wave among the users. This can also be of a manipulative measure from the whales for profiting.

[barota]

We did not understand anything about bitcoin today
Down then rise Then the same thing again  
Trading is not nice today

We only know at what price bitcoin will stable?

[Flakka]

dont panic
!! turn backkkkk
may be 11k

[fireblond]

I agree probably 12-13k by the end of this year, still worried people might sell off at Christmas.

[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 [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?

It depends on you , if you believe in this rumor, then the only thing to do is to sell, buy low, and then buy Bitcoin Cash

[adam1230]

Whales just did a fast tirck to get profits.
Now we will see further more downwards around 8k usd. It will start on USA timezone as same yesterday.

[notthematrix]

Whales just did a fast tirck to get profits.
Now we will see further more downwards around 8k usd. It will start on USA timezone as same yesterday.

What do you mean ? If they tricked someone, it's the weak hands who sold at 8k after buying at 11k, so now it should rise again or stay stable around 10k

[bocyaj]

We did not understand anything about bitcoin today
Down then rise Then the same thing again  
Trading is not nice today

We only know at what price bitcoin will stable?

Bro it's the spectacles beauty of bitcoin.I think many traders had sell their long term holding bitcoin and most of the investors.In any assets,if the reverse buying is happen means,i.e.selling is happen means the price of that asset is obviously reduce.This is the answer for your doubt,don't worry it will again move to 10,000$+ with in today.