Bitcoin go Down

[jdn_ldn]

Do you reckon the drop had anything to do with the coindesk website crash today? I dunno how significant coindesk's impact on the market would be but the price coincidently started to drop the moment the website went down for a few hours...

[woas4]

We are having a nice consolidation phase around 10k. I think no one was really expecting Bitcoin to push through such a big milestone without some resistance... The market didn't even proper liquidity up at those levels. Things are getting back to "normal" now (as normal as crypto can be i guess).

[BUK2016]

After the top there always a down...is it only a natural assetment of market or someone control this market and try  to cut off the new investitor of last period?

After such a height some people will definitely take profit and if the amount of bitcoin that some of them are holding is much then it will definitely affect the market value of bitcoin. At the time that bitcoin decline to like $9000 some of the rational traders who bought are all counting profit of the current upward movement again.

[robertdhags]

After the top there always a down...is it only a natural assetment of market or someone control this market and try  to cut off the new investitor of last period?

for my opinion it was a normal in market yes we see the pump of coin then after this we can see now some dump i think it was a normal , for the who are controlling it are may depends on the holder so it has a movement cause it was reaches in $11k if you know what i mean it make now a drop but it has a possibility to goes up again.

[Valentina N]

On my opinion high volatility its give to all more opportunity to make profit because comatose state is worst then high volatility for trading. If bitcoin will be higher than 10000$ who will buy it? Only Satoshi Nakomoto and Trump)

[rodskee]

After the top there always a down...is it only a natural assetment of market or someone control this market and try  to cut off the new investitor of last period?

all should know on that matter bitcoin as part of currency have a movement wave in the market either dump because of low demands or in high demands like this coming december i realy believe bitcoin dip down due to the incoming fork but not very dip the price maybe down about 2 to 5 percent from today value.

[Rebldomakr]

Calling this a major correction or a bubble seems to be making mountains out of molehills.
This is simply an action->reaction affect of people pouring too much into Bitcoin and trying to get a quick profit, thus pulling fast.

Thankfully this is all predictable and, in the long run, just means more profit for those investing in the dip.
Let's just hope this is a quick one and we gain stable footing soon enough!

[Lm2e4]

Do you reckon the drop had anything to do with the coindesk website crash today? I dunno how significant coindesk's impact on the market would be but it coincidently started to drop as the moment the website went down...

Too many people were purchasing Bitcoin when it went over $10,000.00. The dip is only a correction.

I think I belong to those too many people, and I think it was a mistake because I didn't expect that bitcoin price will reach $11,000 for at least 24 hours. What a shame, but nevertheless, it's still worth it, since no one really expect that bitcoin will reach $10,000.

[ChConcept]

At the rate everything is happening right now, it seems that bitcoin going down doesn't scare anyone anymore. The sudden rise to $11k is phenomenal and attests to bitcoin's increasing popularity and profitability power. This comes as good news for us as it means bitcoin might slingshot passed it ATH yet again.

[marcous]

After the top there always a down...is it only a natural assetment of market or someone control this market and try  to cut off the new investitor of last period?

bitcoin is world market , its not held by an individual or a country, the more demand, automatically make the price increases. at the time its bitcoin will there is correction and price stability.

[pocketfullofpoke]

Let the bull-run continue before this year ends and we'll see. I expect bitcoin's market price will reach 15K USD before January 1. What a wonderful year bitcoin has this year.
I just hope that speculations about the correction or crash will never happen to bitcoin.

[bribed]

I think we are in the correction right now, although it is totally normal, it is still painful to watch the portfolio shrink and the market bleeding all red. How low do you think will total market cap go down before we see the next upside?

[whoisyourking]

After the top there always a down...is it only a natural assetment of market or someone control this market and try  to cut off the new investitor of last period?

Yes it is already predicted that after the 10k marks is reached before the end of the year some bitcoin holders convert their bitcoin for real money and spend it for Christmas. This is also my plan but i change it to 10k marks to 15k marks after year 2017.

[Nerman]

After the top there always a down...is it only a natural assetment of market or someone control this market and try  to cut off the new investitor of last period?

In any type of market price correction always happen and usually profit taking also happens in December. We may expect more sellers this coming month. People who would like to buy and hold may have an opportunity to buy more in a lesser price this coming weeks.

[bristlefront]

This will just give oppotunity to some traders and it will increase later. Do not panic since the price drop is only temporary like other price drop before earlier forks.

[SirWilliam]

Think about it people...

Bitcoin hit 10K!!!

We were waiting so long for it to hit 10K!

And today we got to see it hit 10K, not once, but at least a dozen times!

On the way up AND down! It's like a dream come true, over and over and over, backwards and forwards ahahahaha 

[dzkazmi]

Yeah nothing serious, it called correction.

[Icaxx]

Like you say its normal happen to evey currency in the market. Correction is always needed for healthy market.
After the correction bitcoin will go to the moon again.

[rube08]

There is always a roller coaster affect with stocks and coins.  It will gain a lot of momentum and drop pretty fast.  That is life in cryptocurrency.  The only difference is that bitcoin will always rebound and go past the dropping off point.  It is basically an infinite roller coaster that is always going up.

[Davidbugs2]

Dont dump your coins and hodl, it will go rise again. Its just a correction of price.