Bitcoin price decreases 1000$ within a hour

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It is quite painful to watch the price of bitcoin during this period, I think if the price of bitcoin are going to drop below $8000 USD, it might cause another waves of panic selling in the crypto-currencies trading market and this might cause bitcoin price to continue falling towards the $7000 USD level.

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[Alone055]

.....if the price of bitcoin are going to drop below $8000 USD, it might cause another waves of panic selling in the crypto-currencies trading market and this might cause bitcoin price to continue falling towards the $7000 USD level.

I believe that has already begun. Half of the dump or at least a quarter maybe is because of the panic selling happening right now. Every time when there is a reason for the price to dump, like right now it is because of the mass selling of Bitcoins by Mt Gox, along with SEC's announcement of regulating cryptocurrencies, exchanges and wallets, the panic sellers play a very pivotal role to extend it even more. If the price is to dump 50% of its value, it gets extended to 70% or more because of the panic-selling scenario.

[taxmanmt5]

Bitcoin price decreases 1000$ within a hour. And now, its price is only about $8800
Some my friends said that it could be dump to around 6k$, even 4k$
What do you think?

What i said its a nature of bitcoin or should i say nature of all crypto and digital currencies.But there's an other feature if the price fall it will increase double. All the thing start happening in the begin of January and if you talk about its decreasing its just 2 months past.There's still 10 months left and its to much early to say such thing. Better to invest more its a right time, or you feel regret when the bitcoin breaks their records.

[radjie]

It is not known exactly the cause of the current decline in bitcoin prices. But I think this is because the re-emergence of negative news about digital currency caused by a deliberate element by certain parties, or the decline in bitcoin prices in a short time because large players are able to manipulate the movement of bitcoin prices on the market they are able to sell a lot of bitcoin in the amount pretty much. This is intended for everyone to feel panicked because of the current market price drop.

[heureca]

Bitcoin price decreases 1000$ within a hour. And now, its price is only about $8800
Some my friends said that it could be dump to around 6k$, even 4k$
What do you think?

I think that 5-6k (6k is more probable) is minimum price that could be. 4k is unreal, it is too low price

[BlockchainPromoter]

All of these possibilities are real. However, Bitcoin is becoming more and more popular and there will be many who will want to buy. This will increase the price.

[MCVXYZ]

The demand of buyers may depend on many things,for example it may be their financial conditions or buyers expectation.Do you know why I say this? because I know a lot of people who bought bitcoins and their expectations were that the price would be 40000 $ or more in just a small period, after this they sold their coins,What I can say is that Rome was not built in one day,it means that,In trading people must have well-grounded expectations and patience.as of today's price its temporary volatility and in my opinion it will  improve very soon and the fact that bitcoin price is reduced is component of natural process which may inevitable.

[senin]

I dont see any genuine reason for this dumb major reason would be Binance hacking attempt ( its just attempt) and SEC regulation its really good for crypto currency future . I dont know why even this dump happening.

Write that some Gox from Tokyo in December and February put up for sale and sold in three batches 20,000 bitcoins. Because of this, the crypto currency market has collapsed. However, the same Gox wants to sell the remaining 180,000 bitcoins. Perhaps information about this and provoked the current drop of bitcoin. Others have heard that bitcoin will become cheaper and start selling their bitcoins themselves. Therefore, I and goaoru: the more bitcoin it will cost, the more risky it will be to invest in it.

[ad_playing]

Bitcoin price decreases 1000$ within a hour. And now, its price is only about $8800
Some my friends said that it could be dump to around 6k$, even 4k$
What do you think?

To predict should be a reason, reference and analysis to how much price a crypto currency will go.

[zakcooper40]

2018 may be extremely difficult with bitcoin and altcoin. price keeps falling. In early January the price of bitcoin also dropped to 7k .

[yudhistira]

Bitcoin price decreases 1000$ within a hour. And now, its price is only about $8800
Some my friends said that it could be dump to around 6k$, even 4k$
What do you think?

If I have to be honest I can not say how much the price will fall, because such a big drop even surprised me and did not expect it. Right now, hardly anyone can predict this thing.  

[xitijekiki]

I think the bitcoin price will continue to decrease as low as 7k, 6k or 4k is not possible.

[senne]

Bitcoin price decreases 1000$ within a hour. And now, its price is only about $8800
Some my friends said that it could be dump to around 6k$, even 4k$
What do you think?

These wild rides were also experienced in the past, so nothing new in that. Also, finally we got a definite reason why market is falling so brutally and that is due to selling by Mt.Gox. This reason can fuel the fire of selling  and we can reach to the level of 6K$ again, but the best thing is that market will recover and stand again after some time. Last month also it hit to as low of nearly 6k$ but see what we recovered that also, so one should not worry about that and be safe from panic selling.

[Tyrantt]

I think the bitcoin price will continue to decrease as low as 7k, 6k or 4k is not possible.

Hm, in one hand I do hope so, new dip for investors but on the other hand I don't, just for the simple reason that i don't want to see the price go that low, tho the new fiscal year starts in april so untill then it probably will remain at this or go slightly lower.

Funny thing tho... whenever I leave the town for a few days, the price goes down. 

[fulmetal08larz]

It is time to get greedy when others are fearful. During these dips, if you have funds, buy more BTC. From the past 2 days, at exactly 16:00 UTC, a massive sell-off happened. Today, the downfall happened at 1:00 UTC. The pattern signifies a downtrend in BTC price. Mt. Gox and other FUDs are haunting BTC for now.

[astridplomp]

i believe that is a shocking hits to investors who already bought btc at 11k$ few days ago, i can not imagine how can btc drop that fast in just 1 hour, i think the market is dumping bitcoin very fast to correct from the bad news, rightnow the price of btc is recovering from the drops, surely it will not drop below 8k$ so dont loose your calm and dont sell in panic, HOLD.

[batang_bitcoin]

Bitcoin price decreases 1000$ within a hour. And now, its price is only about $8800
Some my friends said that it could be dump to around 6k$, even 4k$
What do you think?

Almost $3,000 decrease for just a couple of days and if this will be continuous it can drive again back to $6,000. But about $4,000? That's another level if bitcoin pulls down rapidly. I don't know on how long this bearish market will end and I thought its about time that after reaching $9,000 it will be the time for bitcoin to break and try to $12,000 but it seems not.  

It seems like the 12,000$ level is hard to break that is why we are experiencing this kind of decrease in the market. All together with bad news it created another panic selling where everyone participated including me. Before it got down from 11,000$ I immediately shifted my money to Fiat as this thing is expected to happen. What is left to do from other members is to hold or sell hoping that it will go down more. Either way we can get through this as this is one of the many cycles of Bitcoin.

Yes $12,000 is hard to break and I thought we'll definitely going to see it as price went $11,000 and close to that breakthrough. I guess I know the true reason why the price went down so fast.
It is because of this https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

[teejayrichard2]

like every other business, bitcoin is facing some challenges at the moment and will definitely over those challenges very soon. the price will go back high soon again, this fall is just temporary because of some issues, tell your friends to chill, and be positive

[DrToken]

Bitcoin price decreases 1000$ within a hour. And now, its price is only about $8800
Some my friends said that it could be dump to around 6k$, even 4k$
What do you think?

Oh god! Where is my go-bag? I'm going to run to find a formal job! Alert! Alarm! NO
So, how long ago did your friends start to check Bitcoin price? Not that long ago, i think...

[yyyuy5]

I think this is a good time to buy. A lot of bad news is actually good news. You can panic so I have the opportunity to buy Bitcoin.