What caused the sudden slump of BTC today?

[el kaka22]

We really cannot expect to just see some sudden movement to the uptrend and not expect to see the same movement downwards. The truth is that bitcoin has really had a huge surge this year and a lot of investors have been complaining as that absolutely does not look healthy. As per their prediction market suffered a huge corrections and now seeming to recover. I hope this correction will remain as a correction and will not turn as a crash. A quick recovery alone will differentiate a correction from a crash.

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[bitllionaire]

We really cannot expect to just see some sudden movement to the uptrend and not expect to see the same movement downwards. The truth is that bitcoin has really had a huge surge this year and a lot of investors have been complaining as that absolutely does not look healthy. As per their prediction market suffered a huge corrections and now seeming to recover. I hope this correction will remain as a correction and will not turn as a crash. A quick recovery alone will differentiate a correction from a crash.

We are not expecting any serious reason for the current downfall, As Christmas is coming nearer therefore i think some people may have withdrawal their money from bitcoin for Christmas but i am sure that after Christmas the price will again start increasing, because still bitcoin price has too much potential and we are not any panic selling in the Christmas time and therefore some time the the price of bitcoin will start increasing again, and we will see the trading above 20000$ very soon. Therefore i do not think that there is any need to worry about bitcoin price.

[kaysersoze]

Anyone noticed that everytime that there are bad news about bitcoin it cames from Korea? What the hell is wrong with that country against bitcoin? it seems that they want to stop it at all cost.
The same is happening from North Korea too

[aencarnaci]

Well, nothing can't just always go up, right? even btc needs a breather from time to time. also, it's was a minuscule dip, %-wise.

Yeah this is a short dip giving buyers an opportunity to join the community and all this will end up soon because soon prices will go high this slump has no long time stay it will end today again prices will start going upward this is the awesomeness of bitcoin it falls a bit and then recovered with the more higher speed and price reaches to the record level and now all are waiting to cross 20k margin so that they can earn,

[AmazonStuff]

Anyone noticed that everytime that there are bad news about bitcoin it cames from Korea? What the hell is wrong with that country against bitcoin? it seems that they want to stop it at all cost.
The same is happening from North Korea too

No, South Korea is very pro-bitcoin country, according to some sources every 3rd working citizen owns bitcoin, South Koreans love BTC, but South Korea as country is very concerned about BTC speculation in order to protect it's citizens they want to regulate crypto-currency.