BTC gone down today

[pushups44]

Downturns are common and a healthy expression of the market. Bitcoin was going up too high, too fast. I believe there was plenty of FOMO ("Fear of Missing Out"). Those that hold through this downturn will likely be rewarded, if history is any indication.

[Butchick]

This is just a normal turn of events for digital currency; values won't always go up nor go down and these changes are affected by so many factors. With bigcoin value going down for the last few hours, a lot of people are panicking. Ut i guess it is best to hold on and be patient. I have high hopes bitcoin will rise again soon and we will all have a very merry christmas.

[Siopao]

This is the price correction that everyone is expecting to happen because bitcoin have been increasing so much this November and December. But this doesn't mean that bitcoin will fall down continously, I think it will not go down lower than $16k. Bitcoin is a strong currency and for sure will stay in the crypto world for long time. So just hold and dont lose the faith

[Drunkenhorse]

Yea very sad news, but on the other hand it is time to buy BITCOINS. 

[n00bsaibot]

yes, it is. I accumulated quite a bit, expected 25 000 till New Years but seems that I was overly optimistic with this. In any case will be holding, wont participate in panic. BTc always bounces back every damn time.

Exactly, let noobs sell  .... and it will bounce back up and go to 25k.

[darkangel11]

Think of it like a spring that has to contract to expand later with a great force. If you put a spring on a hard surface, press it down and release you'll notice that after the release it tends to bounce up and travel some distance before falling down. It's how BTC acts after a correction. It goes down a bit and then launches twice higher. I hope you guys aren't worrying yourself with every single correction

[Ovsekari]

Bitcoin is falling because the co-founder of Bitcoin.com said that he sold all his bitcoins for bcash.  Also because bcash is now on Coinbase.  

[tippytoes]

yes, it is. I accumulated quite a bit, expected 25 000 till New Years but seems that I was overly optimistic with this. In any case will be holding, wont participate in panic. BTc always bounces back every damn time.

Exactly, let noobs sell  .... and it will bounce back up and go to 25k.

I also think that way also. That's normal in trading, up and down prices. But if you will check the general trend of bitcoin price throughout the years, it is increasing. So the dips that we are experiencing is just a small part of the big scenario. So as they say, keep hodling your btc.

[Morgann]

Maybe this will be the other side of massive increase of bitcoin last time. But next week bitcoin will up again because of the this price.

[kevoh]

Yea very sad news, but on the other hand it is time to buy BITCOINS. 

How is this sad news? Bitcoin price dump has actually been anticipated. Too many unconfirmed transactions for days, sometimes more than a  week clogging the network with high transaction fees. It is normal for money to leave Bitcoin and go to other altcoins that allow for easy transfer of funds with lesser transaction fee.

[iram1011]

Lots of funds changing hands from BTC and alts towards BCH due to today's news, the latest push being from Coinbase listing BCH.

Not sure where it will head, but I think a lot of people who joined the world of crypto during this "bubble" may be looking towards BCH and thinking > $10k in a few months. Time will tell, however I'm skeptical as always...

Weak hands are panicking and getting into BCH. BCH almost touched $9500 on gdax. But after that there was a technical glitch. But a hard dumping is coming forward. Almost all the hodlers from last pump and dump are in profit and dump can happen anytime. Regarding bubble, BCH price is also not more than a bubble imho. What so great about it to have a value of $10k anyhow.

[tree1100hn]

Really sad, if you can convince yourself that the period is under shock, after the end will continue to rise, many do not see a higher price? How can you sell your BTC assets so early? If after selling, BTC quickly rose, it is not a loss? BTC is more valuable than digital gold inside the digital currency assets, please take hold!

[sazon84]

This correction was expected. Without correction can not be further growth. I think to 13000$-14000$ falls. Will have the opportunity to purchase those who have not done it before. And other altcoins to buy bitcoins as their pulled down

[redsuncrypto]

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

don't worry, go up and go down is normal in short term but BTC price will raising up for long term

[ethereumhunter]

I still stay at btc until now although I trade bitcoin cash too and I make a nice profit. I think the correction price come and makes the price is down too far so many people getting panic. meanwhile, bitcoin cash still going increase and reach the new highest price with the down of bitcoin. like other people said, money goes to bitcoin cash and altcoin and I think this time we can see the rise of altcoin.

[bryant.coleman]

Bitcoin is falling because the co-founder of Bitcoin.com said that he sold all his bitcoins for bcash.  Also because bcash is now on Coinbase.  

Have you checked the transaction fee recently? It is at all time highs. The average fee per transaction is ranging from BTC0.0005 to BTC0.0020 right now (i.e between $8 and $34 per transaction). In long term, I don't think that this is very viable. And during the last 24 hours, Bitcoin Cash have risen by 100% against Bitcoin. It is about to overtake ETH as the no.2 crypto.

[zander09]

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

That's normal that the price of bitcoin going down its not always increase ,but this is also an opportunity to me to buy when bitcoin is in the low price.

[Anycryptos]

take a week off.

[nydiacaskey01]

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

That's normal that the price of bitcoin going down its not always increase ,but this is also an opportunity to me to buy when bitcoin is in the low price.

Yes I agree, this is normal and if you guys noticed that BCH/BCC has been pumping since yesterday and down trend of BTC started yesterday. I think investors shifted their funds to BCH for the mean time to take advantage of the high volume of trading and the uptrend of of BCH. Good time to buy BTC for now since its on a dip.

[leonora galvan]

Seems on the markets at present time BTC has come down. your thoughts on this and why you think it happened?

Do you think it will go back up? if BTC goes down way lower would it be wise to buy more into it

even it will gone down today we have to be patience for waiting the other day for the highest price of bitcoin ever,dont you know that bitcoin will be more higher so do not be confuse for what they are saying just concentrate in what you are doing.