What's going on with the price today?

[pingrabazar01]

Its below $16000, but some days ago it was above $19000 . Hopefully it will break the previous record.

[Sadnu]

Based on the data we've collected, we think speculation in the primary driver,” said Garrick Hileman, a Bitcoin expert at the Cambridge Center for Alternative Finance, in an interview in late May. Hileman says that surveys show most users buying and selling bitcoin for speculative purposes rather than to buy things or send cash to other people.

[neite99]

As I have heard liuqi exchange has been hacked and the hackers have cash out the btc so it affected the price very much and made it fail. There must be an increase these days.

[Vannie12]

Another ground shaking event that will cause the biggest sell off I guess. I will be holding, I would not want to regret anything. I think of its not about the Christmas time for everyone, the need of money in our country because of two typhoons( small chance causing dip ), or FUD.
BCH is in its fame tour again. Guess who will be abandoning bitcoins.

[rosepetals]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

I think most holders and whales cashing out that cause price dumps..or there might be manipulation that was happening since BCH were growing while BTC is dumping.It crashes to $15k while it almost hit to $20k those previous days.
Investments in crypto is a risk,most people panic when price drops and these seems a roller coaster of emotions when  theres a dip that was happening,others treat it as a chance to buy bitcoin more that strongly believe in bitcoin to easily recover in every downfall.

[Kersh768]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

It is just part of Bitcoin's volatility. Bitcoin's market value is now falling because the transactions are high since many people are selling their Bitcoin and maybe that is due to christmas season. We should not be afraid of it. It will eventually climb its way up after a week or two and the best thing to do now is to hold.

[santapants]

Don't panic, it's just a temporary drop. We were all expecting this to happen when they started on the futures. Sit tight and hodl.

[Wicked17]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

Its a normal day in cryptocurrency, we all know that there will be a correction after a big increase of price in just a few weeks for bitcoin. When bitcoin value is started dropping, only one thing is coming into my mind, to buy another sets of bitcoin again and wait for another big wave and get some profit.

[bitcoinsocial09]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

Nothing is so special in my opinion and it is just part of Bitcoin's volatility. The backdrop is resulted by people selling their Bitcoin due to the season, making the transactions high and the demand low. We should focus into investing and holding or simply take advantage of the backdrop to earn huge profit in the future by the time its value, again, increases.

[WatchMaker]

Bitcoin whales are moving to bitcoin cash BCH because CoinBase recently announced they will intergrate Bitcoin cash trading on their platfrom.

[Reid]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

The whales are now cashing in. It is the end game.

GTHO (Get The Hell Out)

Yeah right. If they do then it will not stay within the 15k range. We should have been seeing a 5k price today if they already cash out.
It is just that many people have profited from the amount last time and it is now a waiting game.
Who will buy first? Then the trend will go back upwards.
Just hold in my opinion. You can have yours too. Trust your instincts.

Remeber: Many people have regret it not holding their bitcoins. And I am also one.

[andylioe78]

When bitcoin does x10, this is normal. A sad -20% -30% cause many panic holders. You think it will go down to 14k and will rise again up to 24-25k with fast time. This is an end game.

[thend1949]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

Nothing is so special in my opinion and it is just part of Bitcoin's volatility. The backdrop is resulted by people selling their Bitcoin due to the season, making the transactions high and the demand low. We should focus into investing and holding or simply take advantage of the backdrop to earn huge profit in the future by the time its value, again, increases.

For me I agree that the holiday season might be one of the reasons why also price declines so fast in parallel on how people got interested to sell at the previous price at $17k to $18k and now became $15k eventually goes down. Expectedly the current situations might change without any further signs and can fluctuate anytime because people are really eager to grab the opportunity of selling at the higher price. That is the mindset of every trader is to hold while price is low and sell while price is high.

[378budiman]

Many of them sell bitcoin. You do not know if it's good or bad. In good way, people can buy bitcoin at cheap price. Invest perfectly in bitcoin now because low price you can expect big profits after high price again.

[francesyrus]

This is alarming. Many holders are selling. I dont know if its good or bad. Good in a way, people can buy bitcoin in a low price. Bad if valie will decrease, panic is out there.

Many are cashing out maybe because Christmas is around the corner, we want all to have new things before Christmas  .  Bitcoin price would probably increase again by January 2018. Just hold your bitcoin don't panic.

[pushkarmore]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

This is the normal movement of the market and everytime bitcoin price used to behave like this when the majority of traders are selling their stocks or holdings and this is some signs of correction, so you can expect some short-term decline from here which I think will leads to 13k to 14k. From here the fibonaaci retracement levels comes into play and bitcoin prices will hold either at 38.2% or 61.8%.Lets hope for the best and expect some good movement from now onwards.

[bitvalak]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

do not panic, the price just down less than 50%. When bitcoin rises thousands of dollars in 1-year intervals it already shows what percentage increase is happening, whereas now it only drops from the price of 17K to 15K, it only drops less than 10%, just relax, let's see the beginning of 2018.

[SouthMining]

Envion started and lots of ppl maybe got in with BTC - envion is now exchanging those btc, price drops. just guessing. there was a lot of money involved

[easynote]

Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.

Hold the coins that you have because the price will recover when people finish their Christmas present purchasing.

[cipher-x_09]

Hold the coin and don't panic the demand maybe not in favor for us today due to some specific reasons of some buyers of bitcoin. But at any rate don't get too nervous just because it is at low today because this where we are tested whether we are still gonna believe on bitcoin or not. Just have patience, remember income or returned is something which you could not get at an early period of time.