And now we are below 13000$ - down 6000$ in just 4 days

[freightjoe]

This could very well be the bursting of the bubble - especially with a lot of stories coming from strong bitcoin fans in here that they have also now sold out

[davis196]

This could very well be the bursting of the bubble - especially with a lot of stories coming from strong bitcoin fans in here that they have also now sold out

I`m surprised that the price correction arrived so late (before Christmass).I was expecting it around 15 December.
I sold most of my bitcoins at around 16480 USD per btc,i missed selling at the price peak of 19000 USD,but i`m glad that now i and most the btc holders have the opportunity to buy some cheap bitcoins.
Next year the bitcoin price will go over 20K USD,for sure.

[WhichIsGood]

I don't know if this could be the "bursting of the bubble" they're talking about. But I think this just just a normal thing with bitcoin. Especially Christmas is coming and a lot of people trying exchange bitcoin to fiat so they could use it.

[haileysantos95]

I don't know if this could be the "bursting of the bubble" they're talking about. But I think this just just a normal thing with bitcoin. Especially Christmas is coming and a lot of people trying exchange bitcoin to fiat so they could use it.

This is really what they call "bursting of the bubble", it should happen a few days ago which is more relevant to happen but it burst just right before christmas, im not surprise that it happen im more surprise by the price increase from $9k to a woopping $20k in a couple of days.

[btcton]

I am not going to say you are wrong because there does exist the possibility that the extreme speculation by everyone caused Bitcoin to be overvalued significantly and this sort of "correction" could have brought it back to its "real" value. However, I do believe this is most likely because of the force of professional trading agencies at work. Trading Bitcoin can turn very profitable very fast if you have a high stake in it to the point at which you can manipulate the market. Alternatively, it is also possible that the crazy fees have made people lose faith in Bitcoin and so they then cash out. I would admit the possibility of other altcoins being stronger, but since they all seemed to drop proportionately to Bitcoin, I doubt that this is actually the case.

[CryptoClown]

Not really surprised since it's the weekend and most probably lots of people are converting their BTCs to fiat since they need money for Christmas   I guess time to hoard for those who have money to buy BTC now.

[Wind_FURY]

OP, you are still new here and you might not be accustomed to Bitcoin's volatility, and to tell you the truth, it is quite normal.

Plus this dip is the best opportunity for you to buy more coins if you have extra money to spare. I wish this dip lasts until I receive my Christmas bonus from work! Haha.

[chromosomes]

I don't know if this could be the "bursting of the bubble" they're talking about. But I think this just just a normal thing with bitcoin. Especially Christmas is coming and a lot of people trying exchange bitcoin to fiat so they could use it.

Things like these are normal with bitcoin, and we, users, should know this. We all know that bitcoin's price is volatile and we won't know when it will rise or fall. We should not panic on things like these because we should be expecting these to happen. Another thing is the upcoming big events internationally, many people for sure are converting their bitcoins into fiat so they can use them.

[freightjoe]

OP, you are still new here and you might not be accustomed to Bitcoin's volatility, and to tell you the truth, it is quite normal.

This is not true.

The price dropped (so far) from 19700 4 days ago to 12504 as a current low point today.

This is already a drop larger than Mt.Gox in 2014 and also larger than the drop seen in September.

[zolfa]

I don't know if this could be the "bursting of the bubble" they're talking about. But I think this just just a normal thing with bitcoin. Especially Christmas is coming and a lot of people trying exchange bitcoin to fiat so they could use it.

yes, I agree with you, and I'm sure this will be what you say "bursting of the bubble". christmas day and long holidays will make bitcoin very down.

[lalabotax]

This could very well be the bursting of the bubble - especially with a lot of stories coming from strong bitcoin fans in here that they have also now sold out

I`m surprised that the price correction arrived so late (before Christmass).I was expecting it around 15 December.
I sold most of my bitcoins at around 16480 USD per btc,i missed selling at the price peak of 19000 USD,but i`m glad that now i and most the btc holders have the opportunity to buy some cheap bitcoins.
Next year the bitcoin price will go over 20K USD,for sure.

fully what you say I agree. I think the panic mode starts to spread with the red market. this is a monentum to observe and do buy speculation from the lowest price. I think in the next year bitcoin will be able to survive and rise again

[tigan_gangmei]

It's Christmas time and people need cash, that's all. Happened last year too. No worries,it will bounce back.

[drakegon]

This could very well be the bursting of the bubble - especially with a lot of stories coming from strong bitcoin fans in here that they have also now sold out

I doubt Bitcoin will go below 6000$! I highly doubt that.

[freightjoe]

This could very well be the bursting of the bubble - especially with a lot of stories coming from strong bitcoin fans in here that they have also now sold out

I doubt Bitcoin will go below 6000$! I highly doubt that.

The price is down by 6000$ - that is a fact

[coinycoiny]

People are not selling because its xmas and they need cash. well there might be a few but these are small transactions for the kids that want a new toy. You are seeing transactions for hundreds of thousands going on today. This is not for a new iphone. This is much, much bigger.

[leitsme]

Bitcoin increased so fast and touch $20k, now BTC is sideway and it will be up again. Bitcoin dies, Alt-coins die. Bitcoin is still a King.

[snook]

Bitcoin is still a King.

King of what?  King of high fees?  I forgot Bitcoin was created only for the rich.  It's not for the people that have a little bitcoin and what to buy a game or pc component. 

To me it just looks like the BTC rich are satisfied with the money they made this holiday season.  It will be up again next November.

[Treshkilling]

This question already commonplace, maybe so , who knows, but still it is possible to earn good, why not? Plus it's a good technology for the economic component

[RockBar0]

Too much discount in a short time, I think the bitcoin can be reduced to $ 8600, and we can buy at that price. I find it reasonable,

[reck1ess]

This could very well be the bursting of the bubble - especially with a lot of stories coming from strong bitcoin fans in here that they have also now sold out

I`m surprised that the price correction arrived so late (before Christmass).I was expecting it around 15 December.
I sold most of my bitcoins at around 16480 USD per btc,i missed selling at the price peak of 19000 USD,but i`m glad that now i and most the btc holders have the opportunity to buy some cheap bitcoins.
Next year the bitcoin price will go over 20K USD,for sure.

fully what you say I agree. I think the panic mode starts to spread with the red market. this is a monentum to observe and do buy speculation from the lowest price. I think in the next year bitcoin will be able to survive and rise again

I also missed in selling my BTC at the peak of around $19000, well we just need to be patient and be observant as the bitcoin value changes real quick and we might miss the chance to buy at it's lowest price.