Oh My God, What Happened to Bitcoin?

[Sithara007]

The problem is that huge amounts of Bitcoin is in the hands of young investors (mostly in their teens or 20s), who are very susceptible to panic selling. So events such as exchange hacks can bring down the prices by 10% or more in a single day.

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[TomCarpenter]

Nothing wrong dont be panic just look at the previous graph i hope you will be clear . Before last couple of month ago btc  touch the 6 k price so i am not panic in this price i am stay hold my btc and try to invest again btc .

[SAYDAKHMETOV]

Thanks for the info. Yes, now is the time when you need to carefully buy or sell this or that crypto currency. With Bitcoin is going on incomprehensible. I hope soon bitcoin will return to the path of increase.

[umar22pk]

Nothing to worry, bitcoin will recover its value very soon. It is also fact that in 2018 bitcoin has to suffer so many times due to some different reasons; banning bitcoin by social media was a major reason but we can’t say crypto going to die.

[Haxor321]

As of now bitcoin value are continuously dropped that cause of panicking of many investors. But knowing the flow of the system I must say that we don't need to worried and panic because I believed that this is only a normal part of it's circulations or movements and sooner or later it will be bouncing back again.

[SistaFista]

Bitcoin price in the market still not too stable because it is falling from 6700 to 6500 in less then 2 hours now.
But usually after the falling, it will bounce back with a higher price.

The correction of bitcoin is often like that, and other altcoins as well.

[kastara]

whether the factor of the increasing number of ICO bitcoin also decreased so that many new coin that appear in cryptocurrency that could be the existence of bitcoin increasingly does not spin in the trading of digital currency?

[chuyenhl15]

In my opinion we shouldn't sell now though, because there will be bumps again, just to try to make money by trading

[darkangelosme]

Yesterday, Coinrail, a south Korean trading platform, suffered a cyber intrusion that caused bitcoin prices to fall. And the decline was the highest in three months. (about 50 percent).

For me, Cryptocurrency is an amazing thing, which has changed so quickly that we can only make a rough guess by K chart analysis.

https://twitter.com/Coinrail_Korea/status/1005650529773486080

Bitcoin has a strong short position and it is aiming to push prices down to a low of $6,000 in February 2018. As you can see from the picture, the bitcoin bearish signal is still strong.
Within a week or two, bitcoin prices could fall below $6,000, and over the next 48 hours the BTC could bounce back slightly to $7,000 to $7240, before falling further.

Only if the daily closing price is above the 10MA (at $7500) can the bearish be stopped.


Disclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.


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I think it's normal now for bitcoin now to drastically drop it's price, the smart traders can make a huge profit from it in the future because they look at the situation right now as an opportunity, so if you already had a bitcoin just don't sell it just hold much better if you gonna do some accumulations, if you don't do that the smart traders can make a huge profit from your lost.

[freo01]

Welcome to the world of cryptocurrency where money is being played and scammers are crawling all over the place.

[Bitfling]

I think there is nothing happen with bitcoin. Bitcoin price down and up its a natural in cryptomarket and its happen to others coin too. Many negative news about bitcoin and crypto because its growing market and some peoples with power want to take advantages on this market.
Better believe on this market and dont be panic with negative news in market

[kopamo]

I think this is normal in crypto currency because up and down is common now all coin is down so this is the right time to buy bitcoin

[geminamo]

These sudden big negative news can really affect the prices. The fact that prices declined by 50% due to this means that charts will not be reliable either.

[Herbert2020]

Bitcoin price in the market still not too stable because it is falling from 6700 to 6500 in less then 2 hours now.
But usually after the falling, it will bounce back with a higher price.

The correction of bitcoin is often like that, and other altcoins as well.

$200 change in $6700 is nothing. it is just 2% and when we are talking about bitcoin price changes anything that is below 10% is just normal market movements that sometimes is caused by a tiny sell or buy because the market is small and the order books are thin specially these days that the manipulation has scared many investors into holding their fiat and waiting outside of the market for it to end before the re-invest.

[Maclyn19]

No one can predict what will happen to the price of bitcoin. But surely, the price of the bitcoin will rise again. Just wait for the right time for it to happen. It may not be next month, but I belief it will. Let's see before the end of the year or early next year. Remember that investment in bitcoin does not guarantee short term return of investment because it may takes long term. Just believe and hold.

[mmo4me.2016]

In my opinion, Bitcoin may drop to $ 3,000.
At present, the price of Bitcoin fluctuate quite large, you should consider when deciding to invest!
Good luck!

[Len_nin]

It’s not the first time we see it,so nothing to worry about.Bitcoin’s history is repeating rise and fall phase,and currently it’s in a fall,so it’s just to stay patient and wait for price growing up again.

[Cofee.BLUE]

The cycle or movements of bitcoin are normally like this which is ups and downs. The long run of downtrend maybe consider as a part of it's cycle and maybe it's preparing to pump for the next few days so nothing to be worried about. However, for a long time of bitcoin existence we known that in any situation like this is considered nothing because bitcoin itself always proved to us that it can handle it's movements and it never be goes to it's end.

[centralbanksequalsbombs]

LOL haha, over the long-term bitcoin's return will atleast 4x return over stocks.....hahha even POST crash price of $6,600 represents 15x return more than stocks this past 1yr.

But, do you want to know a secret of how to manipulate Bitcoin price downwards?

Just get a few partner companies to hold custody of more and more bitcoin, especially other people's bitcoin who is not expected to withdraw real coin. You then can then manipulate bitcoin price bids/demand. Today, you see many examples where users are keeping their Bitcoin in exchanges or services (which not only exposes them to hacks but) they do not allow users transfer ability of the actual Bitcoin.
Examples of threats:
Traded Bitcoin Futures (cash settled and they dont give bitcoin delivery!)
Revolut
Square Cash App
Circle Invest App
Robinhood
Many other 'custody' examples in developing countries
hack.
Stay away from putting in $ without taking personal delivery of actual bitcoin and secure/safely backup your own Bitcoin in your own wallet.
A bigger supply can be used to flood market for short selling supply if there's any degree of certainty of an amount of bitcoin that wont be touched at these custodial entities. Ever wonder how Gold and other commodity prices are manipulated?

Never trust another person or company or exchange with your bitcoin. see mt. gox, cryptsy, shutdown China-exchanges, many other scams.

[Peashooter]

Nothing to happen with bitcoin everything will be okay . Don't be hopeless dear bro .

Don't lose hope, we know the bitcoin value now is down, but it is not the end of the world. Bitcoin value is unpredictable we don't know what happen tomorrow when it down or up and I know in every investment this is normal to happen so we need is more patient to wait and calm and everything will be okay.