BTC falling like a rock

[carriebee]

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

We cant do anything about that, there are some issues cryptos are facing now..just like the banning ussue in india. The low price will not last until forever. In time and in not to long, we will be able to.see it recovering it's good.state price. We habe experience this before and we know that it will recover again.

So many issues and news affecting this price and it is always like this falling like a rock. Banning issues, less adoption and less demands really bring to bitcoin price falling. However, there's more months to go and let's observe the value there could be more good news arise.

[1714136064]

1714136064

[1714136064]

1714136064

[1714136064]

1714136064

[teramit]

because of this:
https://bitcointalk.org/index.php?topic=3326533.0

[el kaka22]

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

every situation in the market is normal and temporary which is it will stabilize again after it gained enough strength and will continue to bullish and touch down new ATH, so no need to worry if it falls like a rock 'cause surely it will soar again and again that is the fact after the worst situation . So just relax and put more patience on it.  

For the long term view, situation in every market can be pretty good, but at the same time, you also have to understand that the possibility of falls can still always be around the corner most of the time. The thing here with bitcoin is that nothing is guaranteed and to me we are still in a pretty much bear market and anything can simply still happen but like you said, it does not really matter since in the long term bitcoin is still bullish.

because of this:
https://bitcointalk.org/index.php?topic=3326533.0

Everyone here wants a new ATH everyday. No exceptions. But, practically market is doing its best. There are sometimes the whales are manipulating but now a days those chances are very less. $10k still remain a big barrier physiologically. Hence we may expect range bound for some more weeks.

[mayokaren]

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

It seems that investors wants that bitcoin price will play at $7.5k to $9.5k as no buy support to push or break the $10k wall.

[buwaytress]

Everyone here wants a new ATH everyday. No exceptions. But, practically market is doing its best. There are sometimes the whales are manipulating but now a days those chances are very less. $10k still remain a big barrier physiologically. Hence we may expect range bound for some more weeks.

Not really. I was openly "disappointed" when Bitcoin just kept pushing past ATHs on its rampage last year. Chiefly because I hadn't acquired my personal target. Every time I earned more, BTC price just kept meaning I earned less coins, the target seemingly impossible to achieve. So it was bittersweet at times to see the fall, I actually hit my own target this year thanks to I guess what one might call incredible discounts on the ATH.

But yeah of course, we all secretly want BTC to make it impossibly big, even if our sights are set on future dates years away. The market is doing its best, as you say, my only concern is that it simply won't stay still to consolidate.

[coinplus]

This is the common fluctuation,so need to worry for that.Now the bitcoin price had positive move.Bitcoin price had reached to 8300$,may be tomorrow the price will get back to 9000$ .I was holding for the 10,000$,it was my long term desire.Why don't you hold your coins till the raise.

Yeah sure, and we are still holding up a little bit around $7800 to $8000 right now, which I am going to definitely be turning my bear cap on once we get to break this support.

Obviously, we cannot always have it in one way and from the look of things, the psychological barrier could not be broken, which makes it slightly possible that we may be going a bit downward the more, but time will definitely tell as we move on. However, bitcoin is still moving good and fine for the long term, so the falling like a rock is just bull shit.

[nightways]

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

every situation in the market is normal and temporary which is it will stabilize again after it gained enough strength and will continue to bullish and touch down new ATH, so no need to worry if it falls like a rock 'cause surely it will soar again and again that is the fact after the worst situation . So just relax and put more patience on it.  

It is not true. Bitcoin is not falling like a rock as well it is not falling and not following the decease trend. Conversely according to your statement Bitcoin is stable and followed an increase trend from last month and slowly the price became stable at 9k dollar and now it is stable at 8k dollar so this is not as like a falling rock. Bitcoin in the upcoming days will show its strength and will emphasis its value higher and more than that of its previous highest jump.

[mojacho]

This year BTC crawls very slowly. Can't say it' falling like a rock, surely, it will go up soon, but steadily. And there is no guarantee that green line will countinue more than this red one

[salterious]

Normal day fluctuations, either that or some fake news probably floated about. I saw that the Mt. Gox trustee moved around some coins recently. Not sure if they sold them, but that alone could cause enough panic in the market to "crash" it down for the day.

[CryptoGuro1]

fall we must to sweep out the bad

[East2011]

Hello guys,

Does anybody know why BTC is falling like a rock within last hours?

If there any specific reason or just a normal correction?

Thanks and cheers.

There are several reasons why bitcoin is falling like a rock. Some are bad news against bitcoin, panic sellers and billionaires who can control the market.

[Colt22]

Normal day fluctuations, either that or some fake news probably floated about. I saw that the Mt. Gox trustee moved around some coins recently. Not sure if they sold them, but that alone could cause enough panic in the market to "crash" it down for the day.

No matter what happened we all know that in the long term the price of bitcoin increase and this time it will increase too so we have to wait for a long term and will get our fruit in the long term. It is sure that the price of bitcoin will increase in this year as in this year many new adopters came to adopt bitcoin and after that the price will increase more because people will prepare for another halving to get the profit from the rising price.

[Capt00]

We can't say is just a normal correction cause definitely it won't be a fall like that. It could some hacks in some exchanges, FUDs and market manipulation by some big whales. Looking the market trend today, volatility is getting strong and may prices are unpredictable to. It is better to be preferred every time and be on watch to our investment to fully secured from possible losses. 

[Eleven86]

Normally this is happens in the market but still this much of dip is never expect. Continuously dip occurs there is no change happens in the market. Dont know what is going on the market. We have to do only one thing just buy more bitcoins and save it for future. But surely the market will boom in upcoming days. Still that you have to wait with patience and hold the bitcoin that you have. Hope maybe this is the last dump in the year hereafter the price will increase lets wait and see.

[ReiMomo]

There are so many reasons behind the fall and rise of Bitcoin and no one can find out the real reason for that. It might be the sharks selling bulk quantity or the negative news spread around or the correction, it can be anything. As everyone aware that crypto currency market is always volatile and the price fluctuation will be always there.

[kendedese]

not like a rock, but like a child playing a slide. rock falling against the angle of 180 degrees 

[culuuton]

not like a rock, but like a child playing a slide. rock falling against the angle of 180 degrees 

It can fall in any way but don't fall free. Just a few days, many people are sitting on the fire, it's hard to believe it's happening so fast.

[Hell-raiser]

Everyone here wants a new ATH everyday. No exceptions. But, practically market is doing its best. There are sometimes the whales are manipulating but now a days those chances are very less. $10k still remain a big barrier physiologically. Hence we may expect range bound for some more weeks.

Not really. I was openly "disappointed" when Bitcoin just kept pushing past ATHs on its rampage last year. Chiefly because I hadn't acquired my personal target. Every time I earned more, BTC price just kept meaning I earned less coins, the target seemingly impossible to achieve. So it was bittersweet at times to see the fall, I actually hit my own target this year thanks to I guess what one might call incredible discounts on the ATH.

But yeah of course, we all secretly want BTC to make it impossibly big, even if our sights are set on future dates years away. The market is doing its best, as you say, my only concern is that it simply won't stay still to consolidate.

The only way you could be truly disappointed (I understand that you were not, of course) by Bitcoin crushing ATHs in the second half of 2017 is if you had been shorting. Remember that dude who lost gravely by shorting something like 600 BTC when Bitcoin's price was at a measly level of $1000 earlier that year? This is what real disappointment means in practice. When people feel kinda disappointed when they sold too early while Bitcoin continued to surge, this is greed at its best and max. But this is nothing compared to real losses which you would suffer if you shorted at $1000 and then your account got wiped away with your positions liquidated forcedly by the exchange.