The crash of BTC price

[Dixbless]

Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next https://cointelegraph.com/news/bitcoin-price-crashes-800-in-minutes-as-bears-eye-9k-support-next

[NeuroticFish]

A drop of less than 10% is not unusual and not worthy for news.
The only problem is that it's a correction after a correction, since we were at 13800 about one month ago and were dreaming nice again...

[angelo2]

I'd say it's just a correction. We need to wait and we'll get our 20k soon.

[Pepz79]

Cointelegraph is hyping again. BTC's not so bad, just a volatile market.

[jossiel]

Get in while we still can see it under $10,000. The recovery will be quick just like what we always used to see, it's bitcoin and it always recover which is a usual characteristic of it.

Crypto media like cointelegraph is helping to pull the price down. And if the price rise quickly, they'll also put it on the news so it's nothing new to us who has been riding this roller coaster ride.

[minersday]

This is not the first time the price of Bitcoin has dropped. That is the nature of a decentralized financial system where the market price is determined by  demand and supply.  This article of cointelegraph is just bullshit and just to create FUDs in the Bitcoin ecosystem.

[creeps]

$800 is not a crash for bitcoin, man you have to see the history price of bitcoin and you will know that this kind of drop is very normal with bitcoin. The price may go down again but its not a big crash, its a big price manipulation and its hard to stop that, if you see the future drop then ready your money to buy bitcoin.

[Deallove9]

Am even seeing some kind of manipulation there as the price suppose to be down more than that by now but the whales are pushing it back up to prevent the lost which is not healthy for the community ,

Base on the chart we still have to test $8700 but it is doing a round base with lots of hands on it so I still kind of expect more dump .

[fiulpro]

For most of the time , Bitcoin was static at 10k$ and unfortunately when people are not able to make any sense of the market they decide to cash out.
It it would have been bears , we could have seen a massive dump hitting the price at 7-6k .
I think this is actually individual investors , just encashing out , since price is decreasing many will wait and at the end but the bitcoins when it's low , thus making profits.
This is just how it is supposed to function.

[BlackFor3st]

The crypto market is very volatile and it is very difficult to predict the price increase and also the price decrease in every currencies especially in bitcoin.

Though 800$ crash in just a minutes is only normal on how the crypto market works, so it's better that we can adapt it's volatility and make it our advantage in order to gain some profit instead of worrying too much.

[pooya87]

you can not call it a "crash" when price is still in the same range that it has been for more than a week. a "Crash" is only if price went below $9k and reached something like $7500 then you could start a topic and call it that. otherwise this is just the continuation of the same sideways action that we have been seeing ever since we hit the $13k top and it won't end for some more time as long as this accumulation phase is ongoing.

[K21000]

BTC price goes up and down due to supply and demand. The price of bitcoin is falling a bit because demand is dropping, it does not mean bitcoin is "crashing". No need for alarmist thread titles like this......

[MonsterV]

$800 is not a crash for bitcoin, man you have to see the history price of bitcoin and you will know that this kind of drop is very normal with bitcoin. The price may go down again but its not a big crash, its a big price manipulation and its hard to stop that, if you see the future drop then ready your money to buy bitcoin.

Well it seems like there are some whales who want bitcoin to go down. But it is true, the movement of the price of bitcoin is still quite normal and this is not a crash. Next, I see a new support line in the area of $8800- $9100, please prepare your money to buy it.

[EdenHazard]

The price of bitcoin may goes down below $9.000 but I guess that is just temporaly and in the long term the price of bitcoin will be up again IMO. The bart pattern has been happening to the movement price of bitcoin in a few days ago, as you may know the price of bitcoin has increased quickly and was traded in sideaway and now the price has been decreasing. This is pointed out the buyer didn't have a strength enough to continue the trend. But that is a prediction based on the chart, I don't know what will happen next because the fundamental factor can change everything to the market situation.

[Ziskinberg]

That's sad, but at least for awhile because I realize it's not new in crypto, if it can pump over $1,000 in minutes, pretty sure it could also dump instantly.
Look at this opportunity again, bitcoin dump doesn't mean we need to panic, I guess what we do instead is to just buy more and keep calm.

[ethereumhunter]

That's sad, but at least for awhile because I realize it's not new in crypto, if it can pump over $1,000 in minutes, pretty sure it could also dump instantly.
Look at this opportunity again, bitcoin dump doesn't mean we need to panic, I guess what we do instead is to just buy more and keep calm.

Yes, as what you said, we need to stay calm to see bitcoin price is up and down, no need to panic. Bitcoin will rise again, and if bitcoin is down, we need to prepare our money to buy bitcoin because that will be a good time to buy more bitcoin. This day, we see bitcoin is trying to increase, but it still hard for the price to go to the higher price.

[Bitcoinwaist]

the thing is, its not a crash of $800. its a crash of $4000 and most likely going lower.

[Reid]

Yeah, I saw it.
$800 though is not that large if you think about the growth that happen for the last month. Thousands of dollars in increase and it even hit a 5 digit marker again.
I guess we should not worry about it.
More like the price is being put in the right line.
That increase is quite a shocking event and I didnt expect it and so does many users and holders.

[1Referee]

Well it seems like there are some whales who want bitcoin to go down.

That's what I read all the time after a dump. People always blame whales for dumps because they think whales are looking to accumulate more coins. Also, whales aren't just one group of equal minded traders. Just like there are whales dumping below $10,000, there are whales trying to keep the price above the $10,000 level.

It's just the momentum that has shifted to the bearish side. There is less volume and thus less potential to the up side. Don't forget that people trade the chart, and not Bitcoin's fundamentals, and the charts aren't particularly favoring the bulls. Every rational trader/investor knows the importance of adjusting your game plan, which is something people here have problems with.

[BrewMaster]

first of all welcome to the bitcoin market.
hang around and watch the charts a little instead of reading shitty news sites and their misleading articles that they publish only for the traffic they can get through them.

as for the "crash", as it was mentioned it was not a crash, it was a small drop. i just want to add that when it comes to price of anything you shouldn't look at the raw numbers, you should see the relative size or in other words the percentage.
for example if price of something drops $10 it can be huge if the initial price was $20 because it is 50% drop but it can be tiny if the initial price was $1000 because that would make it 1%
so in case of bitcoin, this drop that you are calling crash was in fact a little bigger than 5% which is normal in a volatile market such as bitcoin.