[2019-05-17]Massive Sell-Off Triggers Bitcoin Price Drop to $7,000 Level

[Vladdirescu87]

The volatile nature of Bitcoin and other cryptocurrencies sees them fluctuate according to market conditions. In this very week, the world’s leading cryptoasset traded above $8,320, but to our surprise, the digital asset is now falling to hit the $7,000 level.

A week ago, BTC traded at a price low of about $6,282. But throughout the week, the crypto was having a non-uniform trajectory – its movement has been up and down (unstable).

https://coinidol.com/massive-sell-off/

[Ozero]

The volatile nature of Bitcoin and other cryptocurrencies sees them fluctuate according to market conditions. In this very week, the world’s leading cryptoasset traded above $8,320, but to our surprise, the digital asset is now falling to hit the $7,000 level.

A week ago, BTC traded at a price low of about $6,282. But throughout the week, the crypto was having a non-uniform trajectory – its movement has been up and down (unstable).

https://coinidol.com/massive-sell-off/

Yes, now Bitcoin is down in its price to the level of 7000 dollars. I consider this a normal phenomenon for him and vice versa, a prerequisite for further good growth. Usually, the further growth of Bitcoin is possible only if it falls before the temporary correction of the course. Therefore, I think that in a few days Bitcoin will start growing again and this time it will go much further in price.

[stomachgrowls]

Its not shocking anymore.Do people still arent aware on how Bitcoins volatility works?Im already expecting this massive sell-off (which isnt totally massive)

yet dropping from $8200-8300 to 7k is just like a conventional price pullback.We cant just expect that the price would rally easily breaking out 8k-9k-10k and so on so easily.

There would always be a corresponding price decrease and thats how buy and sell works 

[Slow death]

In this very week, the world’s leading cryptoasset traded above $8,320, but to our surprise, the digital asset is now falling to hit the $7,000 level.

the crypto world becomes very scary, imagine someone going to sleep and see the price at  $8000 and wake up and see the price fell to $7000. the idea of losing $1000 in a short time should not be easy to stay calm. this is a very risky market and every person should take great care when investing their money in the cryptos

[akamit]

The drop was scary! It dropped within a minute! 

I was doing some calculation earlier this morning, and I was in preev...
When I first visited preev the price was around $7900 and when I again visited preev after 30secs or max 1min the price was around $6800.

And this is the thing I was talking about a few days ago "a sudden drop" and "strong foundations". However, it's bitcoin, it's crypto, it's volatile, and this is how it works.

[CryptoBry]

In this very week, the world’s leading cryptoasset traded above $8,320, but to our surprise, the digital asset is now falling to hit the $7,000 level.

The crypto world becomes very scary, imagine someone go to sleep and see the price at  $8000 and wake up and see the price fell to $7000. The idea of losing $1000 in a short time should not be easy to stay calm. This is a very risky market and every person should take great care when investing their money in the cryptos.

Bitcoin is not called very volatile for no reason. One day it is at $8,000 yet the following morning the price is down to $7,000 and with that big difference some can be shocked. Old players of bitcoin think that is very normal and even a welcomed event. Now, it is also possible that tomorrow or the next day we are waking up to see bitcoin already back into the game and is about to approach $9,000. Such is the nature of this beast and many traders are happy to play with its volatility and make good money along the way. Volatility can indeed be a two-edged sword depending on which side of the table you are located and how you use this threat and opportunity rolled into one. For people who are into the nuisances of trading, just holding can be very profitable in the long-run.

[Naida_BR]

The volatile nature of Bitcoin and other cryptocurrencies sees them fluctuate according to market conditions. In this very week, the world’s leading cryptoasset traded above $8,320, but to our surprise, the digital asset is now falling to hit the $7,000 level.

A week ago, BTC traded at a price low of about $6,282. But throughout the week, the crypto was having a non-uniform trajectory – its movement has been up and down (unstable).

https://coinidol.com/massive-sell-off/

It is more that normal for bitcoin to have those fluctuations in the price.
If something (in this case a cryptoasset) goes upward and has such an increase in a small period of time, it is very physical to have the same trend but on the other way. We are still in a better situation than a week ago though.

[stompix]

Common guys!!!!

Nobody is curious about the floating naked girl that is led down some stairs by some masked guy while a bear and a bull watch it happy like some slave sellers that just cashed? Not even mentioning the BTC gremlins ...

If the author would put just 1% of the effort in writing the actual articles also...

[vit05]

In this very week, the world’s leading cryptoasset traded above $8,320, but to our surprise, the digital asset is now falling to hit the $7,000 level.

the crypto world becomes very scary, imagine someone going to sleep and see the price at  $8000 and wake up and see the price fell to $7000. the idea of losing $1000 in a short time should not be easy to stay calm. this is a very risky market and every person should take great care when investing their money in the cryptos

The point is that many people even when the price drops so much still remain profitable. because they bought a long time ago. So it's hard to understand just how stubborn some people get with this volatility.

But the reality is that a number of other markets would also have enormous volatility if they were so easy to negotiate. Often they create difficulties in decreasing this. In the stock market there are such instruments. And soon we will have discussions about it by society.

Common guys!!!!

Nobody is curious about the floating naked girl that is led down some stairs by some masked guy while a bear and a bull watch it happy like some slave sellers that just cashed? Not even mentioning the BTC gremlins ...

If the author would put just 1% of the effort in writing the actual articles also...

I know what I see, but I have no idea what it means.