Bitcoin drops sharply by about 300$ today!

[Harrisonimo]

So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?

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[bigmelons25]

This is such a small price drop.  What about the people that bought ripple at 3 dollars? they are down 90 percent.  I would barely even call this a dip, wake me up when something exciting happens.

[InformerKin]

What is interesting is that the price goes up very slow right now but falls incredibly fast, even though it was not a large drop but still 300$ in few minutes means someone sold a whole lot of BTC.

[rodalutor]

It's not a significant drop at all. There's been a lot of resistance around 7400-7500 and always when resistance is not broken in a few days there's a sharp sell off as the sell pressure overturns the buy pressure quickly.

[Pom_bensin]

Bitcoin prices fell sharply I think this is a good leap for bitcoin to be one of the highest priced coins. maybe in the foreseeable future bitcoin will rise to 10x from the current price. we can only hold coins to get high prices.

[letecia012]

So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?

maybe some investor who hold large amount of number  want to profit taking or want to shake the crypto market by dumping volume of bitcoin to create panic selling for others. or are we expecting negative news coming? that is why advance thinkers or insiders are dumping bitcoin.

[naturerock]

So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?

maybe some investor who hold large amount of number  want to profit taking or want to shake the crypto market by dumping volume of bitcoin to create panic selling for others. or are we expecting negative news coming? that is why advance thinkers or insiders are dumping bitcoin.

Doesn't mt Gox still hold a lot of bitcoins? They may be the ones dumping or it may be a planned dump by a bunch of whales so they can make a lot of money taking out shorts.

[ResuLT]

This is such a small price drop.  What about the people that bought ripple at 3 dollars? they are down 90 percent.  I would barely even call this a dip, wake me up when something exciting happens.

Really? Oh well, it is not a small drop for a short-term investor like me. I made about 500$ from trades between 1 week ago until now, and my profit are now gone!!!!1111!11!!!

[dablatair]

This is such a small price drop.  What about the people that bought ripple at 3 dollars? they are down 90 percent.  I would barely even call this a dip, wake me up when something exciting happens.

Really? Oh well, it is not a small drop for a short-term investor like me. I made about 500$ from trades between 1 week ago until now, and my profit are now gone!!!!1111!11!!!

I confirm that 300$ drop is not so huge on BTC trends, we already saw this many times and in higher proportion.

It could be many reason, possibly some whales that are playing for people to panic sell with again MTgox rumors in order to buy at lower price.

[galambo]

So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?

Price for bitcoins is getting much unstable day-by-day and it is really becoming much difficult to predict the price for bitcoins. I too observed a minor duml recently but it might be due to several reasons including the one you stated. This is a sharp time for bitcoins as last year this was the time when bitcoins started pumping.

Whenever bitcoins had to experience a pump, they slightly moved back and than got higher in a great speed so i just hope that it can be a starting of a major pump which bitcoins will show us soon. Bitcoins should really make a better move now as major portion of the commodity is now expecting a better price to make them all rich.

Bitcoin is also dropping each day and also it is gaining some value again so it might also be normal and bitcoins can continue the bull run. All we can do is wait and watch untill they really show us a immense growth soon. Bitcoins need major attention from several new investors and it is our duely responsibility to make bitcoins more popular so that they can gain some importance in the upcoming future.

[LeGaulois]

So when the price increases by 5%, you like to say, it increased a lot, it starts to go to the moon, it's huge!
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...

You guys are funny.

Since some days I was hoping to see the volatility coming back like in the good old days because it entertains me.
Not sure what is the reason for this flash crash but some people are speculating that it is caused by Goldman Sachs had shelved its plan about the launch of a bitcoin trading desk. Or by this news https://bitcointalk.org/index.php?topic=5010359.msg45206418#msg45206418

[Joshercine]

Whatever happens right now doesn't matter in a year time perspective. For all those long term holders not interested in day trading it shouldn't be anything worth our concern.

[Temujhin]

So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?

I think this is only a decrease that can be said normal is not too big, and I think the increase will happen again. so don't think too much about this, because maybe this is still in the manipulation of the big popes, and we just watch this bearish market want to when it will happen

[o_e_l_e_o]

So when the price increases by 5%, you like to say, it increased a lot, it starts to go to the moon, it's huge!
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...

It's like when we were on the big bullrun and everyone was praising the unregulated market, talking about how great it is that crypto is free from regulations, etc. And then as soon as we starting dropping everyone was shouting for regulations to reduce volatility and help to stabilize the price.

People are funny/stupid.

[lamcouz]

Manipulation for price of bitcoin has been always there and it happens without knowing when it will happen, I am just a small player and shall reap the profits on and off to ensure maximal profits.

[CryptoGosu]

I think that this is not the worst scenario. The price of Bitcoin can drop below 6000 in the near future. I hope it does not happen.

[drm]

So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?

A 300USD  price fall is nothing in the world of bitcoin to be honest.

[levyashin]

So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?

A 300USD  price fall is nothing in the world of bitcoin to be honest.

Yeah, i was thinking the same.

I am getting more surprised when it doesn't move that much in a day.

[lamcaicmm009]

So do you think it's time for me to buy bitcoin? Bitcoin prices are declining, I am still wondering whether the purchase is beneficial or not? I hope to receive a reasonable explanation. I am still puzzled about the bitcoin's depreciation today

[Heavenex]

Well, this price drop was predictable, number of short position increased significantly yesterday. So, normal correction, in my opinion we are still in bull run till the end of September at least.