Bitcoin down 1000$+ few hour

[bs9]

Bitcoin again down 11000-9700$.Can anyone explain plz why bitcoin down?. today few hour latter btc and etc down and now btc down 1000$+and eth down 100$+

[Crypdon]

Because it was a bubble and it is now going through a correction phase. After a while it will go back up, sell while you're in profit, buy when it is about to rise. Move to alts now - pick a good one!

[btcprospecter]

This just shows how all the crypto currencies are interlink with each other. I bought some yesterday as it peaked but I have a feeling it will recover with a very fast increase in value it was only a matter of time before we saw a correction.

[bs9]

Because it was a bubble and it is now going through a correction phase. After a while it will go back up, sell while you're in profit, buy when it is about to rise. Move to alts now - pick a good one!

I already  loss 1000$ for bought altcoin.For few month bitcoin is most pump coin in crypto currency and other coin is highly dump.like waves,mgo.So now I  deside only stored eth and btc.

[vqscyxuo]

I think it's going to break out again in the second half of December. Bitcoin is sure to stabilize around $12000 around Christmas. Now it's a good time to buy.

[MiiDoViic]

no reason to panic . i believe it's duo to so many people hitting their goal and deciding to sell their btc . but those are only small holders so eventually the price will start rising again .

[Jombitt]

Bitcoin again down 11000-9700$.Can anyone explain plz why bitcoin down?. today few hour latter btc and etc down and now btc down 1000$+and eth down 100$+

Volatility at its finest! but don't worry its just a correction so its the best time to buy another sets of coins. The value of bitcoin will recover anytime soon so hurry and buy while the price is low. I was only curious when the bitcoin are going down almost all of altcoins are very affected. tsk!

[CodeGroup4]

It is simple to down bitcoin price. If the price of bitcoin is so high, then it needs to correct its price. That's why bitcoin price is down now.

[AngelSky]

Bitcoin again down 11000-9700$.Can anyone explain plz why bitcoin down?. today few hour latter btc and etc down and now btc down 1000$+and eth down 100$+

This is the correction done worry about it and go for buying bitcoin you can now. In some days you will find the bitcoin price may down to 8.5k as I am watching the price movement more than 2 years. If the value go down more than this don't think your buy will never help you.
Mark my words you will find the bitcoin price again moves to 10k in a week and it will reach the 11k again in the time of Christmas for sure.

[Rebldomakr]

I think it's going to break out again in the second half of December. Bitcoin is sure to stabilize around $12000 around Christmas. Now it's a good time to buy.

I agree completely with this.
Whether or not this specific growth and sudden correction was expected or not, all previous growth and even the drop back down to 9.5k still suggest a nice $12-14k by the end of the year.

Good luck, and stay focused!

[RealJoshuar]

Shows how volatile Bitcoin is, because well it's not actually a currency