Bitcoin went from $5420 to $5117 in 2 minutes! Bubble?

[millgates]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

It's not that surprising, actually it isn't a bad thing. The extreme fluctuations price of bitcoin is ine of factors that makes many investors start to trading bitcoin because it provide bigger chance to gain profit in the short time. Most of bitcoin holders also bitcoin traders, so most of traders will sell their bitcoin when the price go down. Panic selling is frequently happen, but we must agree that bitcoin still profitable as an investment.

[Kakmakr]

I think most of the comments are a bit harsh and most "newbies" make this mistake when they invest in Bitcoin for the first time. They are not used to this kind of volatility, so they panic very quickly when there is a $100 to $200 dip in the price. 

The older investors has gone through 1000s of these dips and are used to this kind of volatility, so they quickly become irritated when they see posts like this.

My apology on behalf of us all, just ignore this and wait for the $100 to $200 recovery to make some small profits. 

[proTECH77]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

Personally, can't see a dump rather than a fluctuation around the market, also, remember that the entire market is volatile, so, nothing to worry. Bitcoin is not in the hand of one entity, we have seen series of dumped ever since 2018, which at the end they market came back strong than before. Hope that, the bubble will start soon for every Bitcoiner to maximize profits.

[BitBite5]

I don't know why such surprise. By now everyone should have learned how the bitcoin is functioning and everything about volatility. Price can change very quickly, sometimes in our favor sometimes not but that doesn't mean bitcoin is a bubble. As well as went down it could easily go up again.

[gabbie2010]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

I think you are very new to the bitcoin world. Whales do manipulate the bitcoin price but it is not control by one entity. Yesterday there was a fud of Bitfinex covered 850$ Million dollar loss through Tether. This news made the market dump but it recovered fast. There has been manipulation going on with bitcoin and crypto currencies.
Everyone shorting or longing the bitcoin would have been REKT by this bitcoin move.

I believed price is reacting to the fundamentals that why its very important to take notes of crucial and upcoming news about bitcoin that can influence the price of bitcoin every cryptos enthusiasts and traders shouldn't be caught unaware by such an event that can make an instant impact on the price many traders must have taken profits at a price of $5600 before the announcement while the price retraced to $5100+ this is another opportunity to buy and accumulate now.

[Gaff]

When the price of Bitcoin falls, it is the best opportunity for us to own it at this time. Smart people take advantage of falling prices to buy more and sell when the price increases. Good luck!

It may be the best time to buy but for the people that are starting to panic, we should not always deduct a bad thing to a certain price decrease since we all know how volatile our investments are. Bitcoin and most of the crypto currencies are usually volatile.

Maybe it's a good advice for those people who really had strong mindset towards bitcoin price. It's not actually bubble if we see price change after 2 minutes, rather a normal fluctuations happened randomly. That's somewhat a negative thoughts coming from panic traders who expects a lot from current price increase. Every person must have fair thinking in every certain situations like price variations, and never be intimidated with a simple scenario. The process of on going price recovery was still trying to cover up so it will correct minor issues, that hinders the price increase.

[klaaas]

Most where waiting for this dip the question was how low would it go and when. It is still not over, we have to see how today will play out but it can go even lower.

[exstasie]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

That's only a 5-6% move. That's nothing for Bitcoin. This is totally within the realm of normal. You'd have your mind blown if you saw the mega dumps we used to see years ago. Frankly, Bitcoin is boring these days.

That dump probably marked the top though. Get ready for more blood over the next month or two.

[Bitcoinwaist]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

with the fake bitfinex tether news it was an excuse for whales/traders to take profits. it depends now on how they want to treat this narrative. either drive the price down to lock in bagholders who have been buying the last month, or we continue on upwards. bitfinex snapped back to $5400 but its very odd that now coinbase has a $200 spread whereas over the past month the difference was maybe $30-$40 

[DeathAngel]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

OP, are you retarded?
A $300 price movement is nothing. If you don’t know what you’re talking about & have little to no experience of bitcoin market movements then don’t open yourself to ridicule & create threads like this.

[therhslv]

I dont think its bubble , best that comes to mind is the Bitfinex and USDT Court Fillings news , its around everywhere now , will find it on BTC news sites definetly . I guess its best time to grab some before it's not too late =D

[LimLims]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

That's not bubble lmao.
You need to understand the growth graph of Bitcoin and should know how volatile Bitcoin is.
The Downfall caused is due to less people investing. Or you can say the marketcap is low.
Now wait for the good days. As i can see that BTC is increasing soon.
Let's hope best for the future.

[LFC_Bitcoin]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

• Bitcoin isn’t a bubble & nothing is coming to an end
• Price dumped $300 due to Tether FUD
• No, Bitcoin isn’t controlled by one entity
• Stop making dumb, noob threads

[Fredomago]

I dont think its bubble , best that comes to mind is the Bitfinex and USDT Court Fillings news , its around everywhere now , will find it on BTC news sites definetly . I guess its best time to grab some before it's not too late =D

Yes, this news affects the current trend, the dumped from that exchange has been felt around and same reactions with panic / weak holders, automatically sell out afraid of being trapped holding coins which they've bought for good value, but we are seeing some good barrier and still the price is not falling below $5k, still good to believe that it's not a bubble and the reverse will happen again.

[buwaytress]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

Strange how so few people wondered to ask when the opposite spike happened in twice the amount (20%) as opposed to barely 10% on this slide. If you're happy to take a 4k to 5k spike in a day, then you must be just as prepared to take a $500 slide in a few hours.

This is Bitcoin, this is crypto. It's volatile. Let's get over it any put on our long-term glasses, shan't we?

[fabiorem]

Manipulation through derivatives.

[BitcoinPanther]

Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?

Strange how so few people wondered to ask when the opposite spike happened in twice the amount (20%) as opposed to barely 10% on this slide. If you're happy to take a 4k to 5k spike in a day, then you must be just as prepared to take a $500 slide in a few hours.

This is Bitcoin, this is crypto. It's volatile. Let's get over it any put on our long-term glasses, shan't we?

Also a sign of bullish  market, higher low.  It is true that in every price climb there is always a correction then a short sideway before going up again for higher high.  Many people panic (probably newbies caught on the transition) but this is a natural occurrence in Bitcoin market.  If only they are here for years, this plummet is nothing compare to the price decline last year.

[alyssa85]

It was caused by a flash crash on Kraken:

https://cryptopotato.com/cheap-btc-bitcoin-suddenly-drops-1000-on-kraken-exchange-in-a-flash-crash/

In a flash crash event, bitcoin plummeted in price on Kraken today. Crypto’s largest asset quickly rallied, however, providing one massive lower candle wick for price action.

Bitcoin dove more than $1,000 on Kraken’s crypto exchange on April 25, as seen in the chart below. The price provided a catastrophic wick, from around $5,400, down to $4,357, and subsequently rallied right back up to a normal trading range. The whole whiplash event occurred within five minutes or so, involving a trading volume of more than 1,500 Bitcoin in that period, as can be seen on the following 30-minute candle chart.

[Falgorn]

Price fluctuations of a few hundred dollars over a few minutes are commonplace for decentralized cryptocurrency. Therefore, such a decline in the price of Bitcoin should be considered commonplace. As proof of this, the current Bitcoin price can be cited, which, according to CoinMarketCap, is 5334 dollars. Most likely, Bitcoin will continue to grow in price. This year its relatively slow growth is expected, although some price spikes and a sharp drop are quite possible due to its high level of price volatility in its nature.

[The Sceptical Chymist]

Why and HOW is it possible for bitcoin to dump that much that fast?

That's the market in action, dude.  Buying and selling, and it looks like there are more sellers than buyers at this particular moment--this is bitcoin, which is notorious for its volatility.  It's gained and lost at least this much percentage-wise since I've been into it, which has been a few years now.  This isn't exactly bubble behavior, just volatility. 

The bullish way the market is right now, I'd probably say that this is a dip you'd want to buy, and I don't often say "buy the dip".  I think this is just a pullback, which also isn't surprising given how fast bitcoin rose in the past couple of weeks.