Dropping again like a stone

[imapessimist]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

[imapessimist]

I have spoke too soon.  Up again.  Too much change. 

[Shamie1002]

Try to lie low in posting topics like this. It's not helpful and it can be considerd as FUDs. You are just shaking more people to panic sell.

Try reading more and instead of updating the forum about drops, try find useful news and informative articles. Try to understand it and share your thoughts about it.
Do not mind the prices that much.

Maybe then you could contribute to the forum rather than dragging some noobs to be scared more.

[imapessimist]

Ok I'm sorry.  You can delete this topic if you want to.  I'll try to be more positive. 

[BitMaxz]

Another FUD better to go and sell your bitcoin and exit don't push other people to sell their bitcoin because they are strongly holding their bitcoin and they know what happen.. If you are bitcoin haters please go to altcoin and support other coin than bitcoin..

This is another fake news and lier so don't follow this man ..
Watch the live graph of the price here https://bitcoinwisdom.com/markets/bitstamp/btcusd
And see if what is the live price of bitcoin right now and  its gaining recovery and increase slowly. .

[Bonsaiav]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

No matter how much the decline is happening today, I personally have been preparing to hold bitcoin for much longer.

Of course it's a good price, I think they are lucky people because they can afford to buy when the decline occurs. Maybe 10 or 11 days away, bitcoin will show its best price.

[bandar]

Noob... this was to be expected at the first crash. All wetting their pants. Go look at some graphs that go back further than a month, will you? And stay happy.

[creeps]

Noob... this was to be expected at the first crash. All wetting their pants. Go look at some graphs that go back further than a month, will you? And stay happy.

Of course people want to make easy money thats why if its pump for an hour expect people to profit taking. There's no easy way to go up we should be more patient because right now it will take 2-3mos to fully recover. Just enjoy buying on a lower price and hold it for months you can surely have the profit you ever want.

[BitcoinThugLife]

If you cant take the heat get your pansy ass out the kitchen

[vit05]

  The only way is up now. It will have some resistances and some supports. But the worst news that could happen, they all came together and even that did not end with Bitcoin. The breaking of the Tether, the banning of China, and SEC investigations. Even so, the lowest price is still higher than the November figures.

[godzillarekt007]

 It's wrong.  

Just gonna touch on that because the rest is standard and nothing new here. Why do you feel it is wrong that people with less money lose to big money? If big money lost to little money over and over you wouldn't say anything. It is a free market and that is known to everybody prior to entering. You have zero remorse for me if you lose, either don't enter or play with what you can lose it is not rocket science.

[littleDarper]

No offense OP but you sound like a wild dog running around from the latest stimulus that you find. This isn't your fault, it's indicative of the typical day trading gambler. I strongly urge you to re-read your posts and think for a moment what you're doing. You're speculating daily on charts. You know this is bad surely. Take a break and come back in a month. Look at the monthly charts not the hourly ones. This isn't doing you or other investors any good.

[renes]

I think after buying btc at $6K or $7K or other altcoins, we should not look at prices much. This up and down will last long.

[airdagon]

this decline is a very bad thing. but, we as investors must remain patient with this situation.
it does not matter how long we need to get what we expect. my advice we have to think a lot positive and do not be easily influenced by the talk of others.
remember the mindset is the do'a ....

[Denker]

this decline is a very bad thing. but, we as investors must remain patient with this situation.
it does not matter how long we need to get what we expect. my advice we have to think a lot positive and do not be easily influenced by the talk of others.
remember the mindset is the do'a ....

This decline is a normal part of a market cycle. It can not just go up!
Weak hands will get washed out and more focus on building stuff will be done.
That is good! And at some point the market will start to move up again, reaching the actual top, breaking it and making new highs.
But I think this can take some while. Imo the big bull run is over and we could see longer period of ranging between 5-9k.

[Wilhelm]

Yep Ban strories / fake news are dropping like stones 

[gantez]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

Do you expect market to be stagnant while profit comes out?  Except you do not have an idea what this is all about. Is up and down naturally ok... and you should aim to make profit with it. So desist from creating more FUD and panic to others.

[PartyPete]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

The price is now somewhat recovering it is now at 8400 usd mark. The price will eventually rise with the upcoming updates on bitcoin. I think if the transfer rate will just be as fast as ethereum it could probably hit a new all time high again.

[LeGaulois]

This is too much now.  For a few hours it was up and up.  And now down down down.  I was hoping for the sake of people who have bought in it would be a good price for them to sell and make a profit in a while.  But no  now down again.  What I think is this.  People have bought and paid money in.  And Then whales have come along and taken the lot.  It's wrong.  

There are a few things to consider here:

1) The demand from people seeking information about Bitcoin dropped. Keep in mind it doesn' mean Bitcoin is dead, it means the hype about Bitcoin is faded

2) The same situation happened before, and more than 1 time

3) The cryptocurrencies market is not the only market to crash
    Losses in 24H Dow $300 billion Google $40 billion 500 richest people $114 billio

4) The mainstream media and the average Joe who don't understand the news and spread information spun (aka fake news, lies, misinterpretations) intentionally or not...

[The Sceptical Chymist]

I don't routinely watch news, but I have noticed that CNBC is joining the big unlubricated crypto gangrape by quoting Goldman Sachs, who said most cryptos are going to go to zero and that they have no intrinsic value.   Those things may well be true, but I'm starting to feel the vibe go bearish. 

I'm interested to see if we can rebound from this.  I'm hoping bitcoin itself does--everything else can go gargle a dong for all I care.