Reason behind Bitcoin Dip (Crash)

[bitPico]

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

It’s going lower; 19,000 was your profit zone. You will have to bag hodl for however long that is....

[NyLymZbl]

I think the reason the present dip because of people who keep on selling to exchange their bitcoin to fiat. It is very well quite expected but basically, the reason of dip isn't known yet. I believe a balance will be when the level of supply meets the level of demand and maintained over a period of time and more people will get into it.

[jaocoincrypto18]

It's basically the Blockchain is flooded by an unconfirmed transaction, This strange thing happened right after some shit news regarding Co-Founder of Bitcoin.com decided to sold his BTC and buy BCH. This is obvious that there is a group behind it that spreading the FUD to dump BTC. This may what they called "Operation Dragon Slayer". But don't worry once they realize that crypto market will be dump as well, They will shitting BTC again. Expect new ATM after this Big crash. Keep on Hodling or Bag some cheap BTC!  

I Agree to your opinion, as we have been through of lot of hardship that bitcoin have experienced before like China Ban, Segwits , forks, JP Morgan criticize bitcoin and many price correctionns but in the end i still believed that bitcoin will survive this another struggle and lot of crying babies will regretting again of why they have sell their bitcoin except for the buy low and sell high experts because it is very hard to apply this technique which need the power of luck.

[buwaytress]

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

A lot of good points, but this climate of extreme volatility by which Bitcoin has a reputation for means that half of the analyses will be right half of the time, and half of us will be right half of the time, depending on when we predict and analyse. It's almost like gambling, with the certainty of winning streaks equal to that of losing streaks.

But to add my own thoughts: this month saw the launch of almost unknown Bitcoin forks. To my knowledge, at least six Bitcoin forks happened in the past three weeks, or at least were trading as futures on a small exchange based in Russia (check out Yobit twitter to see). Now I know the community in general is tired with these forks, but perhaps the lure of instant money was too much for newcomers who missed out on BCH and BTG? Was the buying frenzy partially generated by people wishing to claim these fork coins? And the current dip partially owing to people who've already claimed and now don't need the Bitcoin?

The total price of these six forks on yobit trading is almost 3% of Bitcoin price. Not a lot perhaps, but a good block of instant "free money" for speculators.

[DBerendey]

You must understand that cryptocurrencies is not just another currencies - behind those are technology of blockchain. If you understand how it works - you understand what it gives to the world = a new ways of development in different fields of our society. Bitcoin is the base for all altcoins which brings to us new ways of communication, new ways of payment, banking, browsing, internet of things and etc.. How it can crush after that all? It is impossible.. the reason of price going down is simple speculation and people just need money for parties and gifts for the New Year.. It goes up in near future when the whales from wall street will change their short positions to long positions

[Aventhe]

Thanks all for your comments. It seems like the best I can do is hodl and wait..... 

[mOgliE]

Hi,

Actually... Don't panic. Sell or hold, according to your long-term goal... But don't panic. This is just a normal reaction from the market after a period of sharp increases!

There are cicles on every markets. Regarding bitcoin, every one and especially specialists and traditionnal economists are freaking out.. Just because the bitcoin is something new and hard to understand if you only consider traditionnal currencies!

Conclusion: don't panic!

[grermezter]

It's basically the Blockchain is flooded by an unconfirmed transaction, This strange thing happened right after some shit news regarding Co-Founder of Bitcoin.com decided to sold his BTC and buy BCH. This is obvious that there is a group behind it that spreading the FUD to dump BTC. This may what they called "Operation Dragon Slayer". But don't worry once they realize that crypto market will be dump as well, They will shitting BTC again. Expect new ATM after this Big crash. Keep on Hodling or Bag some cheap BTC!  

Had the block size been increased from 1MB to 8MB we wouldn't be facing these issues now, I believe there is no FUD going on here at all but all the same when the fees stabilizes, we are going to see a jump in the value of bitcoins.

[Aventhe]

It's basically the Blockchain is flooded by an unconfirmed transaction, This strange thing happened right after some shit news regarding Co-Founder of Bitcoin.com decided to sold his BTC and buy BCH. This is obvious that there is a group behind it that spreading the FUD to dump BTC. This may what they called "Operation Dragon Slayer". But don't worry once they realize that crypto market will be dump as well, They will shitting BTC again. Expect new ATM after this Big crash. Keep on Hodling or Bag some cheap BTC!  

Had the block size been increased from 1MB to 8MB we wouldn't be facing these issues now, I believe there is no FUD going on here at all but all the same when the fees stabilizes, we are going to see a jump in the value of bitcoins.

While I agree with your first point, I think that there is real FUD out there trying to push the price of BTC down to buy cheap coins.

[NiceSoft12]

Yeah, Bitcoin is entering a long long bear market again. The patterns are all there.

Remember leading up to the previous bubble that lead btc from $100 to $1200? It was all predicated on good news such as BTC mutual funds, Winklevoss Exchanges, etc.

When the good news actually came to fruition, the price just started crashing and BTC entered a long long bear market.

The exact same pattern is happening right now in every way. The Japanese exchanges are like the new Chinese exchanges, which reached a ATH before other exchanges, a nonchalant bad news was just the tipping point, etc.

Carbon copy of the last crash....

[Rozita]

Yeah, Bitcoin is entering a long long bear market again. The patterns are all there.

Remember leading up to the previous bubble that lead btc from $100 to $1200? It was all predicated on good news such as BTC mutual funds, Winklevoss Exchanges, etc.

When the good news actually came to fruition, the price just started crashing and BTC entered a long long bear market.

The exact same pattern is happening right now in every way. The Japanese exchanges are like the new Chinese exchanges, which reached a ATH before other exchanges, a nonchalant bad news was just the tipping point, etc.

Carbon copy of the last crash....

I don't think that will happen again. Now bitcoin is much more popular than that day. For years ago almost no one knew bitcoin. There were not many people waiting for lower prices to buy again. Now there are many people who missed the opportunity to buy bitcoin at lower prices. These people will cause the bitcoin to rise again very fast.
We cannot compare today with 4 years ago. Many things has changed.

[karnwillbit]

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

Bitcoin major dropped out in price led other coins also dropping one by one. Many coins like Ripple ,ethereum , and dash dropping one by one. Now a very bad situation in market of crypto currency. We don’t know what are the reasons behind these. We don’t predict the future of any crypto currency as it suddenly rise and fall. But for bitcoin owners they should not to sell their bitcoins. The price at this level is very low. It will attract new investors to buy bitcoin. So try to hold in order to profitable in future.

[TERA2]

Crash is at least 60%

[removebeforeflight]

Bitcoin price is low for 2 reasons:
1) Correction is happening
2) To attract more investors

Bitcoin has showed how much it can grow in short time this month and reduced it's price to attract more investors. No need to worry as of now and it's a part of business tactics. However, bitcoin correct is also a reason for dip. At this time you need to hold bitcoin since this is a time for buying and not for selling.

[PricklyPear1]

Each boom cycle creates another generation of new bag holders until the next boom. By the time the next boom hits, those holders are so eager to sell from the last boom that they fail to see the accumulation potential. They then sell into the latest boom, get FOMO, purchase again “on the dip” and then become the next cycle’s bag holders. If only people would realize that chasing short term gains always gets you burned.

[elloco4ever]

Bitcoin price is low for 2 reasons:
1) Correction is happening
2) To attract more investors

Bitcoin has showed how much it can grow in short time this month and reduced it's price to attract more investors. No need to worry as of now and it's a part of business tactics. However, bitcoin correct is also a reason for dip. At this time you need to hold bitcoin since this is a time for buying and not for selling.

Yes indeed it's purely because of correction and most of the users are selling bitcoin due to the high transaction fee and transaction time but we can still manager with the transaction time but not with the sky high transaction fee and i believe the reason for high transaction fee is due to correction and things will be back to normal in couple of week and this is not a good to trade bitcoin so as you have mentioned it will be a smart move just to hold on to the bitcoin and wait for sometime.

[btcone111]

The main reason is because there has been too much irrational expectation surrounding bitcoin when it reached $20K.
Smart players cash out on other people.

[LogitechMouse]

The price of bitcoin has increased by more than 1000% in the year 2017 so I think this is the time for bitcoin to go to its average price. Maybe correction or maybe not. Anyway this is normal with bitcoin already and the crypto world. Let's just wait for the price to increase. Cheers!!

[asriloni]

The main reason is because there has been too much irrational expectation surrounding bitcoin when it reached $20K.
Smart players cash out on other people.

Not sure if that makes those are cashing out their money from the bitcoin but as far as I know that that's caused by the ripple. People are feeling tired caused by the bitcoin transaction fees was pretty ridiculous and then the fact that they are moving to another blockchain especially the latest fork of bitcoin just another scam with big pre mined coin.

[FRJ]

Thanks for your nice complement. Yeah,I've seen before that many of us answer us by a common way,sell now,or buy..or hold them because the price will increase or going to decline. Actually the fact is these are the highest suggestion could be given.So,we all suggest like this way.Never mind.

You know the big whales and institutions are cashing in now.So,they wanna buy crptos at a cheaper rate. As they are kind of controlling the price of crptocurrencies,the price of them is declining.

Again,the holidays are a fact to decline the price of crptos.Further, people need money for different arrangements for the Christmas and new year.So,people are selling bitcoin and cashing out to fulfill their needs.So,the price is decreasing. I think theoretically it should be happen in a marketplace.

We all are hoping that the price will increase again in the coming year of 2018.It is our hope,not predicted and sure. We are holding our bitcoins.So,I would suggest you to fo so.But your decision is upto you.