BITCOIN Price surges over 9k$ but suffers massive dump

[gabbie2010]

I believed some bitcoin hodlers sold or dumps massively at $9K a psychological zone invariably resulted to the pullback of the price. The same scenario played out when the price was about to reached $8K.
Be as it may this is a very healthy a market because it will create opportunities for new buyers to buy and accumulate now before the price regains it bullish runs again. The price volatility is massive it can dump or pump at least $500 thus there is no cause for panicking.

[dmty.0809]

Just calm down, don't panic, all crypto are entering black Friday, where every Friday all of the goods experience price declines. This is precisely a good moment for us to buy back stock.

[vit05]

People who do not have the ability to profit from these sudden lows and highs need to start viewing only the weekly charts. Avoid graphics with short times. It is much safer to draw reasonable strategies.

[killat]

I think the crypto boom is happening every two years so 2019 seems to be the big year after the 2017 boom.

However, variations of several hundreds of $ per day became normal.

[pooya87]

this was more like a panic move in my opinion, when price broke $9k there as a fear that it would break $10k and other higher levels so the dumping began to prevent the snowball effect and crush the FOMO so that the accumulation before that launch can complete a little bit more in this lower price level.
when looking at the charts, the breakout clearly had a strong momentum but the initial ~500BTC dump on each exchange prevented it from happening. and as the drop started another kind of fear began and the sell off snowballed bringing price to $8000

[LuckyBtc]

Looks like we'll be able to use vegeta meme again lol. Bitcoin will bounce back again, Who knows this might be the last chance to buy in 4 figures. FOMO hasn't begun yet, I'm wondering where will the next FOMO will take us.

[Apes]

$500 doesn't make a difference, the bitcoin price is very volatile, so I think it's normal. The important thing now is that it does not fall below $8000. I also think that the bull market is coming

now BTC price in ranges $ 8200, price drop $ 500 in less than 12 hours. I had expected BTC to be fall in the past few days. in my opinion this bad trend will return to normal in a few hours.
and bitcoin price will not fall below $ 8K, I believe.
Don't panic and continue to believe in bitcoin.

[Kasabus]

Just relax, it's not the end of bitcoin, it will again bounce back uptrend, good thing that it dump so this could good opportunity for buyers to enter at a good price.

What we waiting for?

Buy now, as eventually price will be up again and when this going uptrend, probably we are going to stay at $9000.
This pump and dump are normal since price increase thus far is already significant, and this correction is necessary.

The volume hasn't gone down, there are still a lot of traders waiting for this timing, so don't doubt, instead see it as an opportunity.

[Innerpumper]

you right. take time for bitcoin grow up price up to 9k$ and it's need risk if you want to entry when bitcoin not stable or sideway. so, you must have knowledge about predict analyzes.

[Kakmakr]

You will get massive drops when you reach physiological benchmarks like that, because people like round figure prices. A lot of traders set automated bots to sell or buy at a specific price point and most will use round figures to do this.  

People also like to set goals based on specific price points, so you will find that people would say, I will sell or buy at $10 000 or $9000 and not on say, $8453 or $10349.  

[omone1]

Since we have tested $9k, we are must likely going to hit it again next week and get stabilize, then start an upward new level, when sellers have taken profit, we don't expect a continues sell off, but they begin to buy and await a new height which of course will be above $9k mark. I was teaching an introductory to bitcoin when I saw a jubilation from one of our groups of the celebration.

[Lucius]

From $9,000 down to $8,250 is not a massive dump, its just 8.3% drop and that is not new because if we look at the price history of Bitcoin there are more or there times previously the Bitcoin suffered huge loss after surging up to 10% specially today that we approach the weekend, expect that it will continue to drop and recover again on the first 2 days of the week.

For some people who have not seen anything like this yet, such sudden drops are still a big surprise and disappointment which usually leads to panic sales. I watch price yesterday and it touch $9k on Bitstamp, and only after few minutes it was $8700 again. Like I wrote before, big players will try to keep price under $10k as long as possible, and we see that it is very easy to manipulate the market only if you have several thousand of bitcoins.

I would say that we are not in real bull run, this is something more like a controlled process in which someone tests ways of manipulating the market.

[Stanlo]

To some they will see this as dump but to me I see this as simple corrections ,some will no doubt take the advantage of the ATH but its far from dump and the bulls are just getting started

[coolcoinz]

It's not that massive as what you think it is. It was just a $500 drop and you say massive? I don't think Bitcoin reaching $10k by this month but hopefully the current drop will be recovered.

I totally agree. Some whales were setting their profit taking mark for 9k because they were logically expecting that the majority will dump att 10k anyway.
It really was to be expected. Personally, I've been expecting a major dump from around 7k back to 6k and we had it. What I didn't expect is that we'll recover this fast and go to new yearly high just days later. Expecting 10k in such a short time is greedy as there are bound to be pullbacks along the way.

[LogitechMouse]

This only tells one thing. Bitcoin is highly manipulated by institutions and rich people.

This is what the others are thinking too and I believe that the sudden rise and fall of the price of Bitcoin in the last few days is purely manipulation. We can't do anything about it but to ride into the train in order to get profit

[leonair]

That's what you call 'Breathing' or some may call it corrections.

There's no point for Bitcoin's price to surge non-stop as it's pointless so it's fine that it goes down a little bit after a good uptrend. For as long as the increase outweighs the decrease then I'm/we're fine with it. I choose a gradual increase rather an another Bitcoin bubble just like what happened on December 2017.

[Johnzky]

We cannot blame people if how they treat.market now specially those who has trapped in the massive falling of 2018 ,many investors and holders who has been waiting for this growth to take out and some of them is for good,imagine for more than a year that you are in the losing position?and now that we attained the $9k value they withdrawn and thinking or waiting for another good timing to re invest or totally leave the crypto venture

[xWolfx]

I believed some bitcoin hodlers sold or dumps massively at $9K a psychological zone invariably resulted to the pullback of the price. The same scenario played out when the price was about to reached $8K.
Be as it may this is a very healthy a market because it will create opportunities for new buyers to buy and accumulate now before the price regains it bullish runs again. The price volatility is massive it can dump or pump at least $500 thus there is no cause for panicking.

Of course there isn't. But some people will always panic anyways "just in case", it's just their nature.

This will happen for a long time still, the most important thing is being aware of what is important and what isn't so you don't get confused by all the noise around.

[XFlowZion]

It is still over $8k and people are acting retarded already.  I remember that few weeks back that flash crash also happened that made btc fall to $6k or $7k I believe but it managed to stay up again.  Don't influence other newbies with your fears because that is what holds us back everytime.

[rdluffy]

I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy