any reason for this biggest drop?

[bangdol]

I think this is only a correction because Bitcoin and some altcoins price increase too hight. And i think this is not biggest drop, because the price of Bitcoin is still high.

bitcoin has been trying to stabilize the price now. this is the chance for the altcoin to start going up. and when the bitcoin pump starts altcoin will follow its growth.

[davinchi]

[im g]https://i.imgur.com/tdQ55yJ.png[/img]

What possible reason do you think it could be other that the usual correction we normally see when there is surge high surge, and this correction we all talk about, I am sure that whales still usually contribute to it, they probably do move large amount of money they have accumulated for a while now to sell after the short pump, but I think the value we have now is the normal value we should have been before that high surge.

We might still witness another second correction before the value stabilizes, but by the time the market becomes stable after all the corrections that will be done before the next surge, I am sure we will be able to sustain at least $11k for a long period of time, but since we have once touched $13k, I am sure it won’t be long too before we finally break that barrier completely for $15k.

[FrozenBit]

simply because BTC prices have grown without a reason, the whale's impact is too great and after a few days, they will also be the resellers of BTC at high prices.
This is also considered a manipulation commonly seen in the crypto market. So, if you are a newbie, be careful with the fast growing market. Don't be greedy, otherwise, the results will be as bad as in the picture.

[Maslate]

I think this is only a correction because Bitcoin and some altcoins price increase too hight. And i think this is not biggest drop, because the price of Bitcoin is still high.

bitcoin has been trying to stabilize the price now. this is the chance for the altcoin to start going up. and when the bitcoin pump starts altcoin will follow its growth.

It's really hard to tell if altcoins will rise, but let's see if they can do it, if not, I'm afraid we will see some big correction coming which we don't want to see.

[Cnut237]

It's difficult to call at the moment. Prices are still falling, but slower than they were. I would be wary about buying in now, as the odds of prices rising soon are probably 50/50. Overall the trend over the last few months has been very bullish, but its unclear whether this is now exhausting itself or is just a temporary cooling off period.

[Ochakemaput]

It's really hard to tell if altcoins will rise, but let's see if they can do it, if not, I'm afraid we will see some big correction coming which we don't want to see.

why not want to see it, now prepare our money if the market will go down. if altcoin rises, then we already have assets that are ready for us to sell. don't complicate it all because of the downturn in the market, as much as possible we can use it all.

[torry28]

It's really hard to tell if altcoins will rise, but let's see if they can do it, if not, I'm afraid we will see some big correction coming which we don't want to see.

why not want to see it, now prepare our money if the market will go down. if altcoin rises, then we already have assets that are ready for us to sell. don't complicate it all because of the downturn in the market, as much as possible we can use it all.

It's still 50/50 for bitcoin will keep decreased or wil bounce back to $13k or more right now. But it seems bitcoin will be back below than $10k since the chart keep decreasing after it pumped many days ago. Seems some whales already took big profit

[sana54210]

I think this is only a correction because Bitcoin and some altcoins price increase too hight. And i think this is not biggest drop, because the price of Bitcoin is still high.

bitcoin has been trying to stabilize the price now. this is the chance for the altcoin to start going up. and when the bitcoin pump starts altcoin will follow its growth.

It's really hard to tell if altcoins will rise, but let's see if they can do it, if not, I'm afraid we will see some big correction coming which we don't want to see.

There is no form of big correction that the bulls are not ready to take and push back, I am talking of corrections from coins like Bitcoin and top altcoins in the market.  There is one thing for sure that we should all know, the market has already entered uptrend, and corrections are inevitable, we will always see all form of correction from now till be see the new ATH.

Some correction will be very little, while some could be so deep and scary, but whatever type of dip it is, the price will always bounce back, and that should be the best time or opportunity to take advantage of to make some cool money which is what I usually do. Therefore I don’t see any reason why a strong investor or someone who is very certain of his choice of investment be scared of correction when it is not bear market.

[Ziskinberg]

It's really hard to tell if altcoins will rise, but let's see if they can do it, if not, I'm afraid we will see some big correction coming which we don't want to see.

why not want to see it, now prepare our money if the market will go down. if altcoin rises, then we already have assets that are ready for us to sell. don't complicate it all because of the downturn in the market, as much as possible we can use it all.

It's still 50/50 for bitcoin will keep decreased or wil bounce back to $13k or more right now. But it seems bitcoin will be back below than $10k since the chart keep decreasing after it pumped many days ago. Seems some whales already took big profit

With a big drop in 24 hours, it could imply that whales are taking profit, and when they take profit, it result to panic which will lead to more dump and undervalued price, so they price back up again, that's them starting to accumulate again, if this trend will continue, they will become richer.

[izanagi narukami]

That's why crypto consider as risky investment because of it's volatile value.
But behind that, crypto can make you millionaire better than your ordinary investment.

So if you want to invest crypto, you must prepare the worst !
( currently I'm still holding )

[cryptofirm]

It's difficult to call at the moment. Prices are still falling, but slower than they were. I would be wary about buying in now, as the odds of prices rising soon are probably 50/50. Overall the trend over the last few months has been very bullish, but its unclear whether this is now exhausting itself or is just a temporary cooling off period.

in short words, its a corrections time for bitcoin and altcoins
a lot of traders now take their profit, so, when the sellers more than the buyers the price will drop, just like now

[Vaskiy]

That's why crypto consider as risky investment because of it's volatile value.
But behind that, crypto can make you millionaire better than your ordinary investment.

So if you want to invest crypto, you must prepare the worst !
( currently I'm still holding )

Always keeping ourselves ready to meet the worst market scenario will let us to be on the safer side even when the market is bearish.

User needs to learn and further make the investment into cryptocurrency, investing without proper knowledge and risk associated with it will also cause large scale loss to the investor. This way it makes millionaires as well Leads to heavy loss. The success is upon the way we move along with the market.

[bennguyen]

I found it to be completely normal. I have been in the Cryptocurrency market for 3 years and have seen it many times. It is simply a price adjustment and a rule of increase and decrease.

[Sendi blackspade team]

in short words, its a corrections time for bitcoin and altcoins
a lot of traders now take their profit, so, when the sellers more than the buyers the price will drop, just like now

This correction is reasonable to see that what Bitcoin has done looks uncontrolled. now this decline will stabilize the actual price of bitcoin. may last a certain amount of time when you have stability in the market.

[gwdf1]

For me, it resembles the manipulations of the whales. Now, investors are at a loss - what to do? Simply do not be greedy and sell crypto each time you make a profit. You can buy it again when the fall time comes.

[klaaas]

For me, it resembles the manipulations of the whales. Now, investors are at a loss - what to do? Simply do not be greedy and sell crypto each time you make a profit. You can buy it again when the fall time comes.

Timing the market is a tough task. Maybe its better to buy on a timely manner to overcome the big swings and increase your stack.

[raes]

For me, it resembles the manipulations of the whales. Now, investors are at a loss - what to do? Simply do not be greedy and sell crypto each time you make a profit. You can buy it again when the fall time comes.

the market may be confusing, but long-term investors have predicted that there will be future growth and therefore invest. will not be affected for long-term investors. but for traders, it might be very confusing to see how this market moves. whereas if trade can take advantage of this market condition, they can get a lot of profits, especially for bitcoin assets.

[apaben]

Yeah, it's a correction--or a dip.  This is exactly what happens when any given market rises too high, too fast.  I have not been following crypto for the past week and was actually very surprised that bitcoin hit $10k--and then I heard it touched $13k!  The $13k level at least is unsustainable for now, and it indicates to me that there are a LOT of speculators in the market right now, and they're blowing bitcoin up past the point of rationality.

The same thing happened in 2017.  A similar thing happened in 2014, although Mt. Gox had a hand in that debacle.  Right now I just think there's too many people with too much money getting in and buying.  IMO now is not a good time to be buying bitcoin.  I'm just going to wait and see what happens.

the same as what I have in mind with my friends. I see bitcoin charts in the period of 2013 to 2017 that are all almost similar in the current movement. And I'm sure after the correction is complete bitcoin will fly to the moon.

[shadowdio]

well I never heard any bad news of cryptos or FUD that can bring down of the market maybe investors sold their cryptos you know they already gain profit.

[moonblocks]

In this instance it appears the market has simply corrected after a decent rally that took it up to a more reasonable valuation, and further events globally may lead to increased value being realized as Bitcoin becomes more recognized as a store of value