BITCOIN IS FALLING!! Is This The CORRECTION ! $850,000,000 LOST!!!

[srahkeller7676]

Bitcoin Technical Analysis & Bitcoin News Today: Bitcoin is right now falling, and will the Bitcoin price go down even more?

https://www.youtube.com/watch?v=tFkg96HmWYY

[dothebeats]

Classic fear-mongering move. Bitcoin's price has since stabilized by now and has been doing well for the past few hours. If the downfall is indeed continuing, it should have done so up to now yet the thing is it doesn't. A slide towards $4000 is somewhat unlikely since a strong support at $5000 is already in place, with other ones being in $4800 and $4500 respectively. Sell orders have also normalized too, and panic hasn't get the best out of most traders just yet.

[christotle]

Over the years  I have seen how some world class investors, economics pundits and some big banks have criticized the BITCOIN calling it a bubble without any underlying value but a merely speculation and Pyramid Scheme. Perhaps they had to adopt this FUD (Fear, Uncertainty, and Doubt) strategy to protect their malicious empire and ensure their continuous control over the people’s sovereign wealth through policy manipulation, for the fear of new technology being a threat to their bad practice. Hence, instead of telling the truth, they praise the blockchain and publicly denounce the bitcoin. Be wise! 

[Slow death]

will the Bitcoin price go down even more?

had fallen to $ 5100 and is now at $5300, so answering your question: yes, it can fall a lot if it does not have much demand, this is normal in this market.

Tether Hits Back at Claims Its Reserves Were Used to Cover $850 Million Loss at Bitfinex

we will always see dark days and every time the price increases many days later we have some controversy involving Tether.  if we do not have a lot of controversy surrounding Theter, we'll be fine.

[mk4]

Correction? This wasn't obviously a market correction, but was obviously due to the Bitfinex-Tether controversy. Nice click-bait FUD topic though.

[Haunebu]

Lol. The stuff people to do to seek attention amazes me sometimes. The manner in which op deliberately capitalized every letter of the sentence was hilarious to observe. This is not 2017 op since there is no inorganic action going on here which is why your FUD tactics won't work.

[hugeblack]

I believe that there is no historical resistance at $ 4000, so unless there are strong reasons for a drop to $ 3,000, the price will not fall below $ 5000. All that is happening now is a $ 5000 "or 5100" correction.
It's supposed to look at the other side where we were close to $ 6,000.
I have always warned of Tether and I continue to warn against it.

Correction? This wasn't obviously a market correction, but was obviously due to the Bitfinex-Tether controversy. Nice click-bait FUD topic though.

Just For Fun.

[talkbitcoin]

first of all, welcome to bitcoin market dear newbie.

secondly open up a chart once in a while before starting a topic. i assure you that looking at charts benefits you a lot more than watching nonsense on Youtube and reading crap on Twitter,...

as it is obvious from the charts tiny drops like this one are one of the most common things that occur with the volatile bitcoin. even if price went down to $4800 it still wouldn't be a "fall" but a mere small correction and price is still pretty much above $5100!

and finally the number "$850,000,000" is pulled out of your behind because you were trying to include a big "scary" number and is meaningless. what was "lost" was a 4% drop in price.

[The Cryptovator]

It was a pull back and I don't worry about that. This isn't big issue really on crypto-currency especially for bitcoin. On the other hand we can see today recovering price. Who know, perhaps it was a bounce point. That's why I am always positive with slow and healthy grow. Sudden grow isn't healthy and it would pull back, we already face that pull back. Hope it will bounce once again.

[crairezx20]

This is another FUD and I don't trust newbies to post this kind of thread against bitcoin bull run this kind of people is trying to push the price down again because they already make a profit from 3k value and sold these days and today they are now trying to spread a fake news to push people to sell their holdings so that they can buy cheap price again.

Look at the image posted by Slow death as you can see there is a huge price drop and rise again and I'm sure those people who buy bitcoin from huge drop are those people who spreading FUD.

[Kevin77]

Calm down, dropping 850 million dollars in market cap is as insignificant as it gets in bitcoin world. I would like to remind you that it it used to be around 62 billion dollars just couple weeks ago and now its around 92 billion dollars, that is around 30 billion dollars in increase and yet here you are trying to create a FUD about how it dropped 850 million dollars.

Unfortunately for you that people are not that idiot anymore and they know what they are doing. Nobody will believe in these types of discussions of how it dropped and how BIG THE LOSSES are with caps on because we can literally see something that worth over 92 billion dollars in marketcap could drop 850 million dollars and it would mean nothing, that literally happened every single day during the past 2 years.

[figmentofmyass]

Correction? This wasn't obviously a market correction, but was obviously due to the Bitfinex-Tether controversy. Nice click-bait FUD topic though.

of course it was a correction. what else would you call a 10% dump in price? FUD might have helped trigger the correction, but many old timers and experienced traders were expecting this correction for good reason already. news often triggers moves that were already waiting in the wings. it serves as a catalyst. in fact, bulls already retested the highs and failed a couple days ago so it was a pretty obvious move.

the question is whether this is just a pullback or the beginning of a move back to the $3ks. the jury is out on that one.

[bitcoin31]

Look the price now it is stable again to $5200 and we don't any reason to panic even hundreds millions of dollars lost because for sure next coming days maybe they have big investors or a lot of investors will try their luck again to invest to the bitcoin and maybe they add trillions of dollars capital.

[Jating]

Lol, enough with this Tether drama. The market just had a normal reaction, but it seems investors is not affected by this news because, to be honest, we shouldn't be affected in the first place.

Now that the correction is done, and the price seems to be going strong at $5300, it's possible to test $5600 and again.

I think the jury is out, we are not going back to $3k levels, on the contrary looking to breach $6k in the next coming weeks.

[fabiorem]

Not sure if OP is a newbie or a whale being ironic.

[YuginKadoya]

Are you causing certain claims for the weak hands to sell again? We certainly got less volatile by the coming end of April and focusing on certain correction I really think this is not it and a sudden movement down drop a sudden movement up is what you may call correction and this kind of drop was not felt by the market and we are just taking it in like a brave soldier because we knew that it is certainly a scratch movement on the price and nothing particular with the correction, dip, and bubble that we may indicate on this kind of movement.

[The Sceptical Chymist]

If the downfall is indeed continuing, it should have done so up to now yet the thing is it doesn't.

That may or may not be true, you never know with bitcoin.

Had to check preev in case I missed armageddon, but as of me writing this it's at over $5100--so that's not bad at all.  True, it's taken a beating this week but all in all it's still way up.  Seems like yesterday that it was glued at $3500 for months, and viewing the price with that in perspective...yeah.  This is a small correction and nothing more.  There will doubtless be others as well.

[stfN2128]

damn i just saw this scary topic yet. bitcoin has fallen, is this something new? Bitcoin already has recovered more than 50% of the last drop. for an organic grow is a correction needed. you can't expect just the way up. All looking good for higher prices at the moment.

[magneto]

Of course it's a correction. What else do you expect after around a month of bullish rallies?

And even so, I highly doubt that prices are going to go down below $5k this time because there seems to be sufficient support at that level looking from the way that prices immediately rebounded as it got close to $5.1k. The market is also already consolidating and prices even rebounded somewhat yesterday, just by 1-2%.

I don't think the majority of the investor sentiment expects a huge collapse, because most people are still expecting a bullish breakout within the year. People need to realise that these adjustments are completely normal and short term, and happens in all asset classes (not just BTC) when there is are rallies.

Classic fear-mongering move.

Absolutely. Well said.

[olumyd]

Classic fear-mongering move. Bitcoin's price has since stabilized by now and has been doing well for the past few hours. If the downfall is indeed continuing, it should have done so up to now yet the thing is it doesn't. A slide towards $4000 is somewhat unlikely since a strong support at $5000 is already in place, with other ones being in $4800 and $4500 respectively. Sell orders have also normalized too, and panic hasn't get the best out of most traders just yet.

Not quite, a similar thing happened in November last year when bitcoin was trading between $4300 - $4600 and it appeared there was a strong support at $4000, still the bears broke below that support level and we got to test new lows of $3190. So I'd say don't jinx it.