[2017-12-09] Bitcoin Finally Cools After A Huge Pump

[SlipMart]

As Bitcoin smashed through the $11,000, $12,000 and so on all the way to $19,000 on some exchanges, people were wondering if, when, and how this monster bull run would all come to an end.

It finally has ended for the digital currency as the price corrected from just under the $19,000 mark to sit at 14,470 at time of publishing. This represents a fall of around 14 percent, which in Bitcoin terms is relatively minor.

Hardly a crash, nor a bubble pop, as some pessimists might suggest, it is presumed that investors may simply be taking stock and cashing out a little after gains of over $5,000 per coin.

Reasons for the rise?
Most of the recent run-up came about because of the news out of CME that they would be operating Bitcoin futures come December. That news helped push Bitcoin past $7,000 in a little price boost.
 
Continue Reading>>>>https://bitzamp.com/bitcoin-finally-cools-huge-pump/

[kueyen]

Maybe it's cooling off too much right now? The price is around $13.6K as we speak, which is a fall slightly more than I had expected. However, I think such a dip is to be expected after the recent surge, so hopefully all will be OK eventually.

[Kemarit]

This is all we have been waiting for, a healthy correction. I think all who bought at the peak of bitcoin is now hoping that the price will go up again. LOL. Let's us see, the price hike we have seen in recent days is driven by those financial institutions offering bitcoin futures, but what happen? We haven't started and yet we have seen this corrections? Where are those people buying without their logic? I guess this cool down just show how bitcoin is very unstable, but hey, this is a perfect opportunity to get in and buy bitcoin back. I'm pretty sure that by Monday bitcoin will be back again at $15,000++, when all of this future contracts starts. So just hold and see what's the sentiments going to be on start of next week.

[darkangel11]

Maybe it's cooling off too much right now? The price is around $13.6K as we speak, which is a fall slightly more than I had expected. However, I think such a dip is to be expected after the recent surge, so hopefully all will be OK eventually.

If the price goes up by 30% with no correction it's always to be expected. I'm actually amazed that it's so small. Just look at the market depth and how much is being sold at the dips. Nobody is selling! It's like everybody is holding and believing it will still double in 2018 because it's going up by 30% and then losing maybe 20% of that and still going up by another 30 starting from the lowest point of the correction. It's crazy!

[senin]

The termination of the sharp rise in bit-price and its some decline, most likely can be attributed to its volatility, as bitkoyn does not fall, but is gradually lost and rises in its course, however, with a general fall in rate. Now his rate is already 15,178 dollars. That is, in the end, I would call it until its decline is not very large, because against such a sharp rise it seemed that after this there would inevitably be the same sharp and deep decline. Given the successful testing of the transaction on the network of lightning, which greatly increases its throughput, it can be said that bitkoyn is almost ready for a new growth in its rate.

[hatshepsut93]

This is just the beggining, we will have a huge volatility for the first few days/weeks/months after Bitcoin futures will start trading, which will happen at Dec. 10 and Dec. 18. Because Bitcoin's market is not very liquid when compared to traditional markets, some traders might attempt to manipulate the price to profit from their futures contracts, so this will increase both volume and volatility for Bitcoin. But eventually things will cool off again and some new equilibrium will be reached, and it's quite possible that after initial shock the price will become more stable due to increased liquidity and ability to short Bitcoin without owning it.

[CryptoBry]

Maybe it's cooling off too much right now? The price is around $13.6K as we speak, which is a fall slightly more than I had expected. However, I think such a dip is to be expected after the recent surge, so hopefully all will be OK eventually.

This is nothing surprising and is just one of the many dramatic dynamics within the Bitcoin open market ecosystem. People have been expecting that after the much-touted bull run Bitcoin will eventually experienced some correction -- some are even predicting a very steep correction but of course Bitcoin is Bitcoin and it is not anymore listening to naysayers. This is just one of the many healthy corrections and can be needed to stave off a possible huge crash or as what negative people are saying 'bubble pop' that can make so many people 'cry' haha.

[zarados]

This is all we have been waiting for, a healthy correction. I think all who bought at the peak of bitcoin is now hoping that the price will go up again. LOL. Let's us see, the price hike we have seen in recent days is driven by those financial institutions offering bitcoin futures, but what happen? We haven't started and yet we have seen this corrections? Where are those people buying without their logic? I guess this cool down just show how bitcoin is very unstable, but hey, this is a perfect opportunity to get in and buy bitcoin back. I'm pretty sure that by Monday bitcoin will be back again at $15,000++, when all of this future contracts starts. So just hold and see what's the sentiments going to be on start of next week.

Correct, now is the long-awaited moment to open a new position for bitcoin. The day of the discount has begun, you'd better get your $ to get the rare discount . Currently, the prices on each exchange are very diverse, ranging from the lowest $ 13k to the highest $ 16k. Altcoin also declined as bitcoin decreased. This can be a bloody week for cryptocurrency, but it also becomes a highly anticipated discount week.

[CyberKuro]

This is all we have been waiting for, a healthy correction. I think all who bought at the peak of bitcoin is now hoping that the price will go up again. LOL. Let's us see, the price hike we have seen in recent days is driven by those financial institutions offering bitcoin futures, but what happen? We haven't started and yet we have seen this corrections? Where are those people buying without their logic? I guess this cool down just show how bitcoin is very unstable, but hey, this is a perfect opportunity to get in and buy bitcoin back. I'm pretty sure that by Monday bitcoin will be back again at $15,000++, when all of this future contracts starts. So just hold and see what's the sentiments going to be on start of next week.

Healthy correction?
yes, it's a normal thing in the crypto market since bitcoin rise up significantly over $2000-$3000 within a day, simply because bitcoin gain so much attraction after reached $10,000 last week. But for now, all the coins price are declining, the market in bloodbath mode, following bitcoin to fall down.
Luckily for some people who can sold bitcoin at the peak, waiting a little bit and then buy back in the dip, easy profit.
There is no doubt about bitcoin price will be rebound again, whether on Monday or next week to recover and set the new level above $15,000.

[J. Cooper]

Maybe it's cooling off too much right now? The price is around $13.6K as we speak, which is a fall slightly more than I had expected. However, I think such a dip is to be expected after the recent surge, so hopefully all will be OK eventually.

Cooling off too much? I was expecting a dip that was a lot steeper than this one, especially since the first bitcoin futures market has opened it's doors. We're still up about 16% this week which is still insane considering all the futures FUD. we seem to be consolidating around the bush 13000s so I'm expecting the price to stick there for about five more days before we experience another leg up.

[ivanpoldark]

Better if BTC would cool off a bit, i suggest nobody need overheated asset, it`s dangerous situation for market and investors in general. Allow Alts to become mature and grow bigger, let  other people earn their money too. It is potentially a win-win game for all of us.