Bitcoin going down

[Doctor.Strange]

Bitcoin going down and down, current is $11,833.00

Any idea where it will stop and what is the reason behind this massive dump.

[lokinator]

A combination of the following is the "reasons":

(1) Typical BTC correction (ebb and flow)
(2) TONS of new, experienced, non-battle hardened crypto investors who have never experienced a major BTC correction before selling like morons for little to no gain (or a loss)
(3) Cryptos tend to dip around Christmas every year

Nothing to fret about. Just HODL and buy moar!

[surtur001s]

it will hit 10 000. IMhO. Maybe even go further down

[odinson0008]

It increased in a half within 2 weeks! This correction is needed!

[Doctor.Strange]

A combination of the following is the "reasons":

(1) Typical BTC correction (ebb and flow)
(2) TONS of new, experienced, non-battle hardened crypto investors who have never experienced a major BTC correction before selling like morons for little to no gain (or a loss)
(3) Cryptos tend to dip around Christmas every year

Nothing to fret about. Just HODL and buy moar!

Alts are down, I'm gonna buy those. 

[Laregrell]

this is first time i see 40% crash and about 300,000$ unconfirmed transactions.

USA market is just open bitcoin will keep crashing more back to 9,000$  

[lolchina]

Current levels to look for are at 10k and 11k,if those go down no one will be abble to tell where is the bottom.There are few reasons behind the drop,first something that should be a payment solution was worth over 18k and yet it need a day for transaction makes no sense,2nd a lot of new money came in the market and with them wolfs from wall street wonabees who bought in on the hype that btc will be worth over 100k are now selling their btc that they payed 18k since this is their first encounter with correction

[anggriani]

This is common in trade, do not panic. I think now is the right time to buy and add to our assets.

[eddyhalim]

it is really not much surprise to see the drop of bitcoin price, it is unusual to see the price of bitcoin rise more than 40% in few weeks, so this drop will take bitcoin back to where it belongs, so be calm, it may start rising back again in the future.

[Ch1bi]

It's about time. This was really needed as the price skyrocketed in a short time. However, this is a perfect time to buy along with other coins.

[Marenos]

Definitely like others said. The correction was really needed. Coins are red but Im facilitated. The last months havent been normal.

[StephenieDuong]

I think we can buy Bitcoin at that price for and then sell somewhere 13k$ for profit. Bitcoin price will drop more in next few day but we can still get profit will market recover after each blood day. 

[shintosai]

A combination of the following is the "reasons":

(1) Typical BTC correction (ebb and flow)
(2) TONS of new, experienced, non-battle hardened crypto investors who have never experienced a major BTC correction before selling like morons for little to no gain (or a loss)
(3) Cryptos tend to dip around Christmas every year

Nothing to fret about. Just HODL and buy moar!

Alts are down, I'm gonna buy those. 

better to wait for some time mate, dumped still continuing and good timing is needed for us to benefits much better, while bitcoin
falling down alts are also doing the same really hard to trade this time I'll be waiting for much deeper before buying some eth
and stratis.

[posi]

I only know two reason behind the dip in price of bitcoin due to past experience. Bitcoin is the number 1 crypto currency and there's always dump in price of it when Christmas is coming because every holder of it usually sell some part of their bitcoin in other to buy some stuff for Christmas but everything will be find after Christmas though
2. The hike in transaction fee, delay and stuck of transaction always cause dump in price which is the reason why we see Bitcoin Cash,Eth etc. Looking good acouple of days back.



EDIT : This thread ought to be move to Bitcoin Discussion area.

[flinty69]

A combination of the following is the "reasons":

(1) Typical BTC correction (ebb and flow)
(2) TONS of new, experienced, non-battle hardened crypto investors who have never experienced a major BTC correction before selling like morons for little to no gain (or a loss)
(3) Cryptos tend to dip around Christmas every year

Nothing to fret about. Just HODL and buy moar!

THIS!

[bucksman5233]

This is a Christmas sell off plus a much awaited correction for BTC after growing parabolic since last month. This is the nature of the market, you can call it as a bubble or whatever. Bubbles will actually help in the growth of the asset in long term. Bitcoin is experiencing that right now and alts are also following that right now.

[btc_caster]

I thought that the correction would not be so bloody)) But bitcoin surprised me again. Now the same strong and rapid price increase. I hope that this will happen before December 31, 2017

[kriptoman171]

Now is a very good time to buy bitcoin. There is a correction, and in January we will see the price of 20,000 dollars.

[canvan]

Bitcoin going down and down, current is $11,833.00

Any idea where it will stop and what is the reason behind this massive dump.

It is still up on a month ago, the reason for the dump is that it just went up too much in a short period of time. I think the dump has ended but I would invest in ethereum rather than bitcoin at this point.

[disconnectme]

Bitcoin going down and down, current is $11,833.00

Any idea where it will stop and what is the reason behind this massive dump.

I'm telling you, we will look back soon and ask our self why we didn't buy the coin when the price dumped to $11k, I believe there is one whale manipulating the price causing the sell orders on exchanges to be activated