Btc price....what's happening?

[adaseb]

I know a lot of people think that fake satoshi is selling his BTC to fund his BCH SV coin but I don't think it's related to that.

What happened most likely was that too many people assumed that since November is normally bullish for BTC they all went long on margin or on Bitmex and basically some large whale started a domino effect when the $6000 and $5800 yearly support broke.

Basically people either were margin called, or stops were hit or they set sell-stops below $6000 and basically there was a huge lack of demand and huge supply hence why price went down so fast and so far.

[armarsterling7]

Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/

Let's discuss!

They only look at the organizers, but they can not come to it. They can not manage such anonymous transactions. Our market should only be for decentralization and there should be no government or legal involvement.

[mkmdoc]

I know a lot of people think that fake satoshi is selling his BTC to fund his BCH SV coin but I don't think it's related to that.

What happened most likely was that too many people assumed that since November is normally bullish for BTC they all went long on margin or on Bitmex and basically some large whale started a domino effect when the $6000 and $5800 yearly support broke.

Basically people either were margin called, or stops were hit or they set sell-stops below $6000 and basically there was a huge lack of demand and huge supply hence why price went down so fast and so far.

Yes, I don't know why people always blame the Satoshi, why can't we consider that whales are maunplating the market in order to grab the Bitcoin at a low price. Whales will easily spread the negative news about the Bitcoin and start dumping the Bitcoin to lower value in order to grab them. This is completely market trick by the whales.

[charlyee]

bitcoin price is not stable, it always volatile so we can't predict but definitely price will increase.

[gabmen]

I know a lot of people think that fake satoshi is selling his BTC to fund his BCH SV coin but I don't think it's related to that.

What happened most likely was that too many people assumed that since November is normally bullish for BTC they all went long on margin or on Bitmex and basically some large whale started a domino effect when the $6000 and $5800 yearly support broke.

Basically people either were margin called, or stops were hit or they set sell-stops below $6000 and basically there was a huge lack of demand and huge supply hence why price went down so fast and so far.

Yes, I don't know why people always blame the Satoshi, why can't we consider that whales are maunplating the market in order to grab the Bitcoin at a low price. Whales will easily spread the negative news about the Bitcoin and start dumping the Bitcoin to lower value in order to grab them. This is completely market trick by the whales.

It's probably whales indeed playing that started this decline. We all know how easy it would be for them to cause a snowball effect when they stage what would seem to be a sell off. And i agree also that stop losses have bet met with people not actively selling their btcs. As of now we have a new yearly all time low. Who knows, whales are probably waiting for this to happen.

[rickadone]

Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/

I think there might be something more to this than just Craig and Jihan and roger fighting. I mean people were expecting some sort of bull run by now and instead we are going backwards instead of high. I think people did not expected anything like this at all but we are so scared of anything going wrong at this moment that people literally sold at cheaper prices because they believed the price would go even further down. We still don't know if it will go even further down.

I do not like it when other coins fall though, I mean I understand why bitcoin went lower because some people sold bitcoin but at least it should have made altcoins go higher, they will be valued higher compared to bitcoin since bitcoin lost value, but all of it lost value for some reason. People sold bitcoins, not ethereum, not ripple, not dash, but all of them lost value for no apparent reason at all.

[Diced90]

I actually have no idea why BTC tanked around $1000 today.

In the past there was usually some reason like hacked exchange or ETF rejection/delay or China ban.

After research I can only come up with 2 reasons. First one was some over leveraged longs on OKEx, basically similiar to what happened a few months ago with that half a billion liquidated position.

Second one is Craig Wright saying he really is Satoshi and he will sell all his BTC to fund miners to mine SV instead of ABC and SV.

I think the former makes more sense to me.

These seem reasonable causes but I wonder, and this point is intertwined and relevant to your last point, if it's also got to do with the fact that miners experience a mining crisis with more and more inefficient mining?

[iged_war]

i think speculators now take action sell the rumor and buy on fact.on next week swiss ETP trading launched and next month december 12nd BAKKT also launched.so they make drama to take lowest price before both of that happen.

[KrishaBitcoin]

Most of the experts believed that we are still in the middle of bearish trend that is why many people are still in doubt and decided to wait for the bull run in which its looks like just a fantasy now and with the SEC on the move to clean up some questionable crypto related projects then i don't know if this will add on the miseries that the Bitcoin market is enduring now but i believed that Bitcoin will surpass these all as it has been in these difficult situations before.

[Panchum]

Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/

Let's discuss!

Come on bitcoin,go go go pump now l can't wait to see the bullrun coming.And everyone will rejoice to multiply all our profit.Even though bitcoin have no good result now l believe its coming soon becoming expensive.

[BlackPanda]

the situation is getting worse and we should be able to deal with it with calm. I am sure there has been a lot of panic because the price of Bitcoin has dropped very significantly. Investors will lose their assets if they sell at this time, they can try to be patient and sell it when the price increases again. However, the risk is that when prices do not increase they will experience much greater losses.

[MFahad]

It is difficult to understand why in just a single twink we suddenly saw like this.  Such huge fall really makes people's mind to think negatives and we can't blame to do have it.  In fact,  only strong believer will stay forever and doubtful individuals will leave and loss. We have tested our trust again and yet, we need to survive and conquer our worries.

No one has the clue of this falling market.  Different people have different point of view regarding the bear market reasons, there is no perfect answer for it. Some are saying the price is down as the future contract is ending while few believes that bitcoin will fall more as it is just a bubble. We need to wait and survive this bear market with patience.

[Altero]

Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/

Let's discuss!

Come on bitcoin,go go go pump now l can't wait to see the bullrun coming.And everyone will rejoice to multiply all our profit.Even though bitcoin have no good result now l believe its coming soon becoming expensive.

Don't expect that much cause we don't evenly knew when it come or it doesn't come to us. Our market still unpredictable and Bull run seems to be surprising but its something difficult to have it for this year and yet, we are still in way fighting bear season.

[LeGaulois]

the situation is getting worse and we should be able to deal with it with calm. I am sure there has been a lot of panic because the price of Bitcoin has dropped very significantly. Investors will lose their assets if they sell at this time, they can try to be patient and sell it when the price increases again. However, the risk is that when prices do not increase they will experience much greater losses.

The same situation happened back in 2013 or so, and I am doing exactly what I did back then. Just waiting, just reading, nothing more. Because I know BTC has the potential to "make it again". True, Investors are losing a significant value of money but if they are smart enough they will do the same. (I can't imagine the face of someone who invested all his retirement funds in cryptos back in 2017 :/)

[macstrong12]

I got shocked today when I woke up , Going down and downer everyday , really what is happening! Th market volume had been decreased redicusely , I'm start thinking that it was all just a bubble that is bursting slowly , I don't know If i hold or not ?!

[DarkIT]

I got shocked today when I woke up , Going down and downer everyday , really what is happening! Th market volume had been decreased redicusely , I'm start thinking that it was all just a bubble that is bursting slowly , I don't know If i hold or not ?!

yes, i like that too, even i sell some bitcoin that i have, and some eth me to secure the assets that i have. well, maybe the price of bitcoin, and eth will rise again, but I think it will still get better when you are patient. well, i am the type of person who is impatient.

[Quennlorna42]

Just like a gamble just wins and loses, we do not just dump the scenes as long as we can go back and return the previous price just wait because when the price drops it will rise too.

[cfif123]

Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/

Let's discuss!

Come on bitcoin,go go go pump now l can't wait to see the bullrun coming.And everyone will rejoice to multiply all our profit.Even though bitcoin have no good result now l believe its coming soon becoming expensive.

Don't expect that much cause we don't evenly knew when it come or it doesn't come to us. Our market still unpredictable and Bull run seems to be surprising but its something difficult to have it for this year and yet, we are still in way fighting bear season.

hope that is very important with no hope we will not be able to get what we dream of, so an expectation is important.
and most importantly, we must always wait until bitcoin experiences a high price increase

[rickadone]

There are still good sides to this story. In peoples minds the price of all time high is 20 thousand dollars which shows and proves that it is actually doable. Nobody knows if bitcoin can ever reach 60 thousand dollars one day but everyone knows it can reach 20 thousand dollars because it once did. Now considering this fact there is still hope in peoples minds that the price will reach 20 thousand dollars one day.

Would you rather be at 15 thousand dollars right now and going to 20 thousand dollars from a profit stand point or would you rather get bitcoin at these prices and go to 20 thousand dollar from here? I would prefer going from here even if I had no bitcoins because that would show a bigger impact and interest for bitcoin that going from 15 thousand to 20 thousand. That is why I am hoping we will see an increase, that would help us a lot.

[mornabo]

Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/

Let's discuss!

Come on bitcoin,go go go pump now l can't wait to see the bullrun coming.And everyone will rejoice to multiply all our profit.Even though bitcoin have no good result now l believe its coming soon becoming expensive.

Don't expect that much cause we don't evenly knew when it come or it doesn't come to us. Our market still unpredictable and Bull run seems to be surprising but its something difficult to have it for this year and yet, we are still in way fighting bear season.

hope that is very important with no hope we will not be able to get what we dream of, so an expectation is important.
and most importantly, we must always wait until bitcoin experiences a high price increase

but we also have to be realistic that the current conditions in the market are indeed in a bad condition, the price will not improve if nothing surprising comes, excessive hope will only make you panic, the current price decline occurs because selling panic happens massively, because the prices that occur differ greatly from their high hope/expectation