Bitcoin is dropping! what to expect?!

[Fundalini]

You expect nothing actually as this is a normal occurrence. IMO, the drop is healthy. It is much needed or else the graph might look parabolic, and that is not good. Just buy the dip and hodl, you'll be fine.

[NeuroticFish]

You expect nothing actually as this is a normal occurrence. IMO, the drop is healthy.

It is indeed a correction, just people are impatient - patience is quite scarce in Bitcoin community - and the quantity of FUD is incredibly high this time.
If people would understand that we are still higher than we were in December 1st and such corrections are healthy, many speculators would get out of business.

[appiivenkii]

Bitcoin is dropping! what to expect?!

https://www.bloomberg.com/…/bitcoin-drops-as-south-korea-sa…

I found this very interesting article on the web, check it out and let me know what you think

I expect and wish i had more fiat so i can buy more and more bitcoins ..

[konfuci]

The rise and fall of Bitcoin is its own behaviour. Bitcoin dropped for now but it will soon increase in value in the future. People might sell their bitcoins now or others may take this opportunity to buy bitcoin with a lesser price.

[RamesesLabs]

I think we have a few factors playing havoc on the Bitcoin price, although given the circumstances and in comparison to a normal stock, Bitcoin is doing quiet well during this downturn. Here are the reasons I think that BTC price is staying flat and stuck in the $13,000-$14,500 range for the last week or so.

1.)South Korea announced that it may be closing some exchanges.
2.)Fake News FUD sensationalizing all negative headlines and casting doubt on any positive headlines coming out of the Bitcoin community.
3.)End of Year Profits for investors.

While Vitaly Buterin is on a recent rant about people taking profits in cryptocurrencies, let's be honest, investors want to make profits. So the easiest explanation for the dip is investors taking profit, yet you won't hear this on Bloomberg or CNBC because Bitcoin "is not real" according to them. Couple this with South Korea looking to close what are probably scam bitcoin exchanges, the media sensationalizes the headline into an all-out ban on the entire cryptocurrency universe. Once investors realize it's just the media spreading FUD about Bitcoin, and realize exactly what Bitcoin and cryptocurrency does, then we will see the price go back up. If their taking profits on BTC, they'll really love the fact that Bitcoin reduces the cost of making payments tremendously for individuals and businesses. It will be years before the Bitcoin bubble forms and pops. I'm hodling on my Bitcoin and cryptocurrencies for now, after all this is the same FUD The media was spreading last year, and BTC is up $12000-$13000.

[caobang]

The right time to buy into ALTCOIN, especially ETH, ETH has a very good future in 2018 

[rodskee]

Bitcoin is dropping! what to expect?!

https://www.bloomberg.com/…/bitcoin-drops-as-south-korea-sa…

I found this very interesting article on the web, check it out and let me know what you think

I don't know what is the basis bitcoin dump, but i always believe on bitcoin have big future to become populat in the world, i think need to control the bitcoin in the marketcap because the whales playing the bitcoin in their hands, if not weong of my opinion.

[rajuahmed330]

It is a big challenge for us and the entire crypto world, since not only bitcoin is dropping but also some altcoins. It is really hard to find out what is the reason for this crisis. But usually people are expecting a huge pump after this and we should not lose our hope.

It may have some reason. We found the news a few days ago that Litecoin founder Charlie Lee says he's sold all his holdings in the cryptocurrency. It can affect and read. View News - https://www.cnbc.com/2017/12/20/litecoin-founder-charlie-lee-sells-his-holdings-in-the-cryptocurrency.html

[wagi]

The Bitcoin/USD chart is forming a classic Head & Shoulders pattern, which usually means trouble. Possible 10K incoming. 

I hope not. I hope it can not reach that low. Its very sad to know if its happen.
I also think the price can be hit the lowest by 10k but i really dont hope it.

[reymartH]

As in December month there are many report are coming about hacked account in which millions of bitcoin are stolen, because of this many people stopped investing.

[iqlimasyadiqa]

This is one of the highest price drops we have ever tasted. It seems impossible when we see a decline in Bitcoin prices that reach 30% more in a short time. I will try to do the analysis and I will sell some of the Bitcoin I have. But in a strategy I will still Holding Some Bitcoin because I am still convinced that one day there will be a miracle that can increase again Bitcoin price compared to the current Bitcoin price.

[Stedsm]

Bitcoin is dropping! what to expect?!

Bitcoin is dropping? I don't think so.  
The value has corrected and since futures started, we are now going to witness a never-ending duality where both bulls and bears have the opportunity to make money over going long or shorting Bitcoins. You saw a decline and you think it dropped, what about a straight 2000% increase that happened during this year alone, eh? Forgot it? I think it's still didn't get below $10700 that was the current lowest for this year after reaching the ATH at 20k, so don't worry yet as we might see a rebound once again after the bulls get back in action.

[richardivan]

The right time to buy into ALTCOIN, especially ETH, ETH has a very good future in 2018 

Since bitcoin is base of all altcoin when bitcoin's price dropping then altcoin's price going down too. if you're going to invest in cryptocurrency better invest in Bitcoin, then if you want trading then invest in altcoin

[Mhedz]

bitcoin dropping is normal,every coin has a pump and dump scenario,we knew that.as long as it's not fluctuating too much,then nothing to worry. Everything that happens is just an effect of continues fork.

[killat]

Just look at Bitcoin's evolution on CoinMarketCap and you will understand that this is not the only important drop of Bitcoin. That's it's way of rising: 2 step forward, 1 step backwards. I don't think this drop if a panic reason as most probable Bitcoin will raise again by the beginning of January.

I think everybody investing in Crypto market assumed that the market is volatile. (volatile = increasing and/or decreasing) So, why crying like babies when facing (more or less) normal fluctuations?

Let's keep this thread opened and active and discuss again within 2 weeks  

Cheers!

[jakelyson]

Shaking off the weak hands and I guess this is just the right price right now. After all the crazy bull runs in the last few months, this is just a correction. Shorters gets their piece of the pie.

It can still go lower but the good news is we can buy more bitcoin and all the red alt coins out there.

[eaLiTy]

The right time to buy into ALTCOIN, especially ETH, ETH has a very good future in 2018 

I am not sure how long the price will go when it comes to ETH,the coins are not limited and i am not sure whether they are planning for any cap,i am expecting a correction in bitcoin for a very long time and now it looks like a good correction,yet the price is not going down like we used to see in the past,either way it is a good correction and get the coins when you can and hold for the long term.

[Seeker#9]

Bitcoin price correction follows after a price uptrend and it caused mostly by some negative factors and investors taking their profits. Next year, the bitcoin may bounce back again but it hard to predict when will it hit another all-time high.

[aannnttoo]

bitcoin is in downtrend ever since reaching ATHs at $20000.
latest support at $12700, now $12200,  we could potentially see btc continue downwards to $10500.
let's  see

[Itjoker]

I am expecting that it will fall till 10600$. On that price I will buy more bitcoin. Because given the limited number of offers and the dynamically growing demand for Bitcoin, then an incredible rally is expected for us. I  think in the second half of the next year we will see huge rise of Bitcoin and we'll see 50K$ in 2018.