Is this new crash very bad

[imapessimist]

I notice quite a big drop in the last few hours.  Is this just a short term thing for a few hours and it will pick up again back to normal.  Or will it go much further down into a big crash.   

[1715443850]

1715443850

[1715443850]

1715443850

[RonJohannson]

Why yes, it IS a short term buying opportunity!    Time to buy.

[tigan_gangmei]

Right now no one can predict anything about Bitcoin.

[imapessimist]

I think those rich whales should set up a fund and give to those poor people who have lost a lot of money.  Why don't they do this.   

[mysacrifice]

I notice quite a big drop in the last few hours.  Is this just a short term thing for a few hours and it will pick up again back to normal.  Or will it go much further down into a big crash.   

Don't worry mate. It is very usual volatility of bitcoin. According to the fibonacci retracement it can come down till 8000usd. In case it doesn't break that level downward I don't see any problem.

[Reatim]

I notice quite a big drop in the last few hours.  Is this just a short term thing for a few hours and it will pick up again back to normal.  Or will it go much further down into a big crash.   

Well its looks like that we are on another market price correction. It's the 3rd time for this month if I'm not mistaken. We have seen similar corrections in 2016 and 2017, 2-3 in the month of Jan.

Again, when the price is going down, its likely that more investors will try to pick up a few bitcoin because the price is cheap. So in hindsight, its not bad as you might think.

One must take advantage of every situation to get bitcoin at a discount, and this is another golden opportunity to all of us.

[zombies]

Its the end. Doomsday ahead.

[swogerino]

No crash is very bad for bitcoin. It has survived worst cases than the ones we are seeing lately. Well today the person who predicted 3 years before that bitcoin would reach 10.000 dollars in 2017 just predicted that bitcoin during this year will be 50.000 dollars. Of course this is only speculation but he was right once so maybe he will be again. I am saying this to clear that this kind of threads are not really useful and do not spark any good discussion at all. You either believe in bitcoin and do not care what happens to its price or you are a hypocrite claiming to believe in bitcoin but at the first obstacle you start saying all kind of things.

[A.Delaney]

I hope it drops to $100. I got my $100 ready.  

[bbjay]

No predictions can work at this moment but this is very good opportunity for investors to buy and add to their investment. The present conditions may not be favourable to those that buy at a very high before now but patient will help them overcome the present condition.

[LFC_Bitcoin]

Some fucking retards in this thread, wish I could De-Merit.

[newb-dev]

I think it is a short time crash. Don't panic, it's normal. This is the time to buy for those who are ready to have big profits

[LastJedi]

I have heard it is due to the South Korean government reopening allowing their citizens to use their exchange accounts again since they are telling them to verify them ALL for KYC verification and treat them just as their own bank accounts which they have those verified for their own use to send and receive funds too.
Them with alot more users then expected are causing the markets to crash.
This is what I am assuming what happened cause it's the only major occurrence that has happened in the past 24 hours concerning to bitcoin in the current frop from high $11's last night to this below $9's that it is now.
A nearly $2,000 drop in 24 hours?

[emirkalyoncu]

Last crash bitcoin had lasted more than i expected.I thought that bitcoin would jump back from 14k USD which was a good support but it didnt happen.New support is 11k usd I hope that it will bounce from this line.We need bitcoin to pump it up

[SiDtHeBeSt]

No, I don't think it is a long term drop and that it would drop even furhter. It might just recover it's value again in the next few hours or maybe a few more days. It could actually fall down, I can't actually predict, but recently whenever it dropped a little bit like this it had recovered again and I think something similar is going to happen this time. So, I think holding would be the best option.

[allthebitandbobs]

i cant see it dropping below 10k for to long .That of kind of where the the support wall is

[udidrone]

I notice quite a big drop in the last few hours.  Is this just a short term thing for a few hours and it will pick up again back to normal.  Or will it go much further down into a big crash.   

A crash like this should only last a little while, the price will bounce back when the coin is less manipulated by the whales.

who loss is little traders who always panics when whales play with bitcoin price. i think we all must learn this mistake and never do this . so bitcoin price wouldn't drop a lot like this  again

[Tamim121]

I notice quite a big drop in the last few hours.  Is this just a short term thing for a few hours and it will pick up again back to normal.  Or will it go much further down into a big crash.    

I think it will not go much further down into a big crash and it wil recover soon. Price up and down is the basic rules of crypto currency. Price down don't means to crash. Don't be panic. It will pick up again and back to normal soon.

[eaLiTy]

I notice quite a big drop in the last few hours.  Is this just a short term thing for a few hours and it will pick up again back to normal.  Or will it go much further down into a big crash.   

If you look at the global market,the entire stock market is bleeding because of the fear of increased rates and that is reflecting in the crypto currency platform too,i am sure the rally we had in the digital market is mainly because of top fund houses dealing in stock exchanges too and therefore if they book their losses in the stock exchange they might book their profit in the crypto currency market to make things even and may be so is the reason the entire financial sector is bleeding today.

[Manalhala]

I think that is the only reason for the purchase. Now, large investors and bitcoin goes to the moon. Look at what is happening, first banned bitcoin, and ICO, then like reviewing the ban, start again to resolve. Who purchase, he will be in the future, in a nice profit.