And the Bloodbath continues....

[1satyros1]

Reminds me of the giant stock selloff during the fall of 2008...Do you think that most of the selloff is done by small/inexperienced investors or from whales?
How long can it go>

[SupermansCryptonite]

Reminds me of the giant stock selloff during the fall of 2008...Do you think that most of the selloff is done by small/inexperienced investors or from whales?
How long can it go>

I've been wondering this too.. Is this sell off panic from the all the new people who have gotten into the market after recently reading about Bitcoin, or is there something more? A correction was bound to happen, but who knows how big or small it will be.

[Omegagen]

People see sell off. I see opportunity! I need more liquidity though. 

[Saimabutterfly]

This could very well be a temporary drop like it happened few weeks ago, but who knows, I recommend hodl your coins and dont panic sell.

[cynical]

i am treating this as the pre-christmas SALE before we enter the new year.
the sale maybe caused by both whales and newbies or rather started possibly by whales and followed by panic selling by others.

[samy_voc]

Is there is any special reason for the bloodbath or mere profit taking?

For e.g. :
Charlie Lee of Lite coin sold all his holdings before the crash. Looks like the folks have an idea when there is going to be a dump. I meant the big guys.

[Partizanai]

welcome to the down trend, my best guess is that market will decline until the end of the year, or maybe longer, while people regain confidence in coins

[pikatju]

Definitely gonna treat this as a sale. Great opportunity to buy more. If you are scared, then have a look at the dips this summer and see how high we have reached since.

[1satyros1]

This could very well be a temporary drop like it happened few weeks ago, but who knows, I recommend hodl your coins and dont panic sell.

Totally agree. I see it as a giant garage sale...but need some luck to figure out the bottom..

[1satyros1]

Is there is any special reason for the bloodbath or mere profit taking?

For e.g. :
Charlie Lee of Lite coin sold all his holdings before the crash. Looks like the folks have an idea when there is going to be a dump. I meant the big guys.

Charlie Lee belongs in jail!

[Partizanai]

Is there is any special reason for the bloodbath or mere profit taking?

For e.g. :
Charlie Lee of Lite coin sold all his holdings before the crash. Looks like the folks have an idea when there is going to be a dump. I meant the big guys.

Charlie Lee belongs in jail!

He could sell his LTC and be silent about it, but he wasn't i'm sure that this is just bad timing and has nothing to do with it.

[raffff]

Guys, this is the long awaited crash. Most coins grew 10x this year based on only hype!! Millions of people buying small amounts resulted in a gigantic upward trend with values based on only air. Now the downward trend started, lots of people will realise they wont get rich anytime soon and in fact lost money. Buying extra is only a way to spread the loss over more holdings.

So expect values to dwindle down to May, June 2017 prices which where much more realistic, so don't put your live saving in alt coins. Remember the DOT.COM bubble burst and then grew until it became as big as it is today.
Also currently most governments are preparing laws to tax BTC holdings and restrict ICO, on top of that the Bitcoin netwerk is not performing anymore and using to much energy to be future proof.
 
If you wanna play, do daytrading. Find a nice trend, ride it a few percent and sell.

[renes]

According to bitcoin price analyses, there is a support at $10.000 and I feel like it will decrease to $10.000 probably see @9999 as well

[Sheckley]

Reminds me of the giant stock selloff during the fall of 2008...Do you think that most of the selloff is done by small/inexperienced investors or from whales?
How long can it go>

I've been wondering this too.. Is this sell off panic from the all the new people who have gotten into the market after recently reading about Bitcoin, or is there something more? A correction was bound to happen, but who knows how big or small it will be.

I guess some whale has decided to cash out some FIAT and panic sellers are now gifting them with better rebuying opportunities.

[raffff]

According to bitcoin price analyses, there is a support at $10.000 and I feel like it will decrease to $10.000 probably see @9999 as well

The support is not real. Its huge orders of whales and market makers. When the price goes down to 10K they will cancel their buy order and put them in at 6K etc....

[redcrystal]

I think there is a few things going on, but I do think that some is a general sell off, nervous noobs and the fact that we need a correction. Everything has shot up over a matter of days or weeks, more than it should have. There should have been a correction weeks ago, but there was so much new blood in the market you couldn't see it. Now there is nerves and we're seeing the correction.

[左]

Reminds me of the giant stock selloff during the fall of 2008...Do you think that most of the selloff is done by small/inexperienced investors or from whales?
How long can it go>

Bitcoin went from 1 to 100 back to 1 to 50 to 200 back to 50 etc. This doesn't remind me of stocks at all, it's just what bitcoin has always been doing.

[IPCHAINDATABASE]

The thing is, we've seen this happen many times before, and we'll certainly see it happen again.

[JumboCactuar]

Is this up/down trend gonna happen till end of year?

Like ripple, back up to 0.9

Is it wide to sell short term and buy back when it drops again?
Knowing my luck i will sell then it will moon

[lolchina]

Current huge support levels are on 11 and 10k if they get eaten no one can tell you how deep the rabbit hole is.Some of this crash is cause but buy margin trading and long positions being closed because of small stop loss that caused a chain of trades being closed(1 level triggers the next 1 and the circle continues)Another part are the weak hands that bought btc at 18-19 thousands and are selling of now as they dont really have experience with crypto market