The crash of BTC price

[Upgrade00]

Well j actually anticipated a drop below $9k when Bitcoin was almost at the $14k mark. It's unlikely it would drop below that in the coming weeks however, $9100, give or take. And them maybe an upward surge which could see us hit $15k.

The media would always look for news in any event. This is not technically a crash in the price. It's an unlikely drop however, especially as volatility has reduced significantly in the past months.

[iMark]

Nothing new here. We've all seen the bitcoin price dumps more than this. Bitcoin is a volatile crypto currency and with a lot of investors and traders in the market, every movement made can affect the price. I think you will be used by this. It is funny how someone commented in this article saying someone made a huge selling.

Agree, I'm not at all surprised by the price drop, basically the price changes fluctuate so you have to get used to it. correction seems to still occur so the price is not strong enough to go back up, the worst possibility is the price falls below $9k, preparing to buy at that price range and you will profit in the next few days.

[The Sceptical Chymist]

I always roll my eyes at the mention of "support levels" because I've seen so many stocks drop right through them after some technical analyst speaks of such things.  In any case, this is the truth:

The price of bitcoin always fluctuates. 

Dropping $900 in whatever the time frame was is sort of normal for bitcoin--if you've been looking at the price long enough, you'd have seen swings which were much more dramatic than that.  10% in either direction isn't nothing, but it certainly isn't a crash by any means.

And hey, bitcoin is holding steady at $9500 right now.  It's a lot better than where it was in 2018 and most of this year, so keep that in mind.

[tomahawk9]

A drop of less than 10% is not unusual and not worthy for news.

But, like 99% of crypto related news sites, Cointelegraph needs the clickbait headlines, especially during a downtrend or a phase with slow price movements, "Bitcoin" and "crash" are the perfect recipe to get thousands of clicks.

Seriously though, what a shit website, they've been posting FUD for weeks and now this. If the price were to go back up to $800, you just know they'll write something like "Bitcoin recovers" or "Bitcoin goes up", rather than "Bitcoin sees explosive surge in price as bulls trigger new rally".

[YOSHIE]

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

I hope that this month the price of bitcoin can be priced at the price of last March around $ 4000,
Now, to enter October 2019, it can reach my $ 20,000 expectation.
For me not surprised to see the price of Bitcoin down now, changes in prices in the world of cryptocurrency are arguably sensitive.

[romero121]

Big crash in a very short time period, and this made the market trend to change. The price seems to gain support around $9500, if not the price could've continued falling low. As there is minor fluctuation around the support level we can expect some good growth over the days.

There isn't anything specific or negative about cryptocurrency have taken place over the past week for such an immediate crash in the price. This is purely a play by the whales who just use it for their profiting.

[omonuyak]

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

The bear is in control but it is not going to last long. The next bull takeover is very close and we might start to see that from the beginning of next month. Therefore, it is very important you start to hold and if you have funds began to buy back now as bitcoin is now in the sideways trend and might resume bullish trend soonest.

[nowlscor18]

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

I hope that this month the price of bitcoin can be priced at the price of last March around $ 4000,
Now, to enter October 2019, it can reach my $ 20,000 expectation.
For me not surprised to see the price of Bitcoin down now, changes in prices in the world of cryptocurrency are arguably sensitive.

Let's try to understand how Bitcoin inculcate the best momentum build up, before trying to initiate further moves prior reaching on that profitable value. Price crashes is can be disappointing, but we should be patient despite of our emotional responses in order to sustain longer.

[ralle14]

No need to worry about that, btc got a high volatility, if its being crashed without any bad news then it will recover soon, and I think bitcoin already got a good rising recently so a little bit dropping won't be too significant, and indicator or chart prediction won't be accurate 100%, so don't fall to the FUD need and be aware of the market movement

Even if there was bad news about Bitcoin like some countries decided to ban Bitcoin I wouldn't be worred either because the price mostly recovers after few months.

Big crash in a very short time period, and this made the market trend to change. The price seems to gain support around $9500, if not the price could've continued falling low. As there is minor fluctuation around the support level we can expect some good growth over the days.

I don't think this was a big crash tbh it's more of a dip or correction because few weeks ago when it was at $12,000 the same thing happened right after.

[LeGaulois]

Guys, I truly think some of you missed some points.

1) We already know the market is volatile, we're not born yesterday but since weeks/months it has been more volatile than usual (by 'usual' I mean compared to what we got the previous months). The volatility we have right now is similar to Q4 2017.

2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...

It reminds me every time Bitcoin starts losing, people always say not to worry. When the price went from $20,000 to $10k they were no longer there to say don't worry.

I don't think this was a big crash tbh it's more of a dip or correction because few weeks ago when it was at $12,000 the same thing happened right after.

When there is a 30% drop in the value it isn't a correction any more, it's a crash (15-20% ok but no more). And before to say it's a correction you need to wait at least a week to judge if it is or not.

[exstasie]

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

The funny thing about "manipulation" is we can always fit it to our biases. Bulls see whales dumping into thin order books and cry manipulation. Bears see whales buying into those dumps, propping the market up, and they cry manipulation. In the end, it's just accumulation or distribution.

Volume-wise, someone has been heavily accumulating these dumps into the $9,000s. They might succeed in propping the market up. Or they might fail and their capitulation will fill our bids in the $8,000s.

Just wait and see, and don't worry about manipulation.

[pixie85]

Guys, I truly think some of you missed some points.

1) We already know the market is volatile, we're not born yesterday but since weeks/months it has been more volatile than usual (by 'usual' I mean compared to what we got the previous months). The volatility we have right now is similar to Q4 2017.

2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...

It reminds me every time Bitcoin starts losing, people always say not to worry. When the price went from $20,000 to $10k they were no longer there to say don't worry.

8500 is still a bull market. We confirmed a turn from bear to bull by breaking 6000 dollars and when we did people were so happy and saying that they finally can think of spending their coins again because below 5000 dollars the price was really bad for that.

This dump reminds me of those small dumps before another big rally like in Spring 2013 before the December rally. Even if we fall to 8000 it's all fine for me. I've been to 4k and threatened by a correction to 1k. There's no fear in me anymore.

[figmentofmyass]

I always roll my eyes at the mention of "support levels" because I've seen so many stocks drop right through them after some technical analyst speaks of such things.

keep a couple things in mind:

support/resistance levels work, but not all the time. nothing works 100% of the time. TA is about applying probability (eg the likelihood that a support level will provide a strong bounce) and then reacting to what the market does.

and many analysts just don't know what they're doing. some just draw meaningless lines and expect them to affect the market. that's shitty application of TA, not so much proof of anything else.

[BitHodler]

I don't think this was a big crash tbh it's more of a dip or correction because few weeks ago when it was at $12,000 the same thing happened right after.

It's not a big crash for those who invest or trade with caution, but those who go all in or use high leverage consider every drop a big crash because it ate a significant chunk of their paper value.

With the rise of too easy to access platforms such as BitMEX even noobs have started to jump on the leverage bandwagon with how trading spot has become too boring for them.

People severely underestimate the nature of these platforms where some of them even think of them as a cool place to make some profits for fun. People end up paying a hefty price for their ignorance....

[peter0425]

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

Lol, what crash? It looks like you haven't been in the market too long and seen more flash crashes. $800? this is nothing to bitcoin ecosystem. So I will advise you to get back at bitcoin historical logs and see the price fluctuating like 4 digits in minutes. But the thing is that this is to be expected, we can't sustained that momentum for so long, ($3200-$13800) so eventually we will find a fair price in the middle so that is around $9500-$10k.

[hatshepsut93]

The funny thing about "manipulation" is we can always fit it to our biases. Bulls see whales dumping into thin order books and cry manipulation. Bears see whales buying into those dumps, propping the market up, and they cry manipulation. In the end, it's just accumulation or distribution.

Volume-wise, someone has been heavily accumulating these dumps into the $9,000s. They might succeed in propping the market up. Or they might fail and their capitulation will fill our bids in the $8,000s.

Just wait and see, and don't worry about manipulation.

"Manipulators" and "whales" are just the boogeymen of Bitcoin market, people throw these words around easily, but no one presents real proofs of manipualtion, like leaked chat logs, links between wealthy traders and some media or other influencers. People just can't admit that Bitcoin is very volatile, they always want to blame it on someone to feel better about their loses.

[btc_angela]

The funny thing about "manipulation" is we can always fit it to our biases. Bulls see whales dumping into thin order books and cry manipulation. Bears see whales buying into those dumps, propping the market up, and they cry manipulation. In the end, it's just accumulation or distribution.

Volume-wise, someone has been heavily accumulating these dumps into the $9,000s. They might succeed in propping the market up. Or they might fail and their capitulation will fill our bids in the $8,000s.

Just wait and see, and don't worry about manipulation.

"Manipulators" and "whales" are just the boogeymen of Bitcoin market, people throw these words around easily, but no one presents real proofs of manipualtion, like leaked chat logs, links between wealthy traders and some media or other influencers. People just can't admit that Bitcoin is very volatile, they always want to blame it on someone to feel better about their loses.

It's because these whales doesn't have a face, but instead used some crypto brokers to make the trade with them. However, I do believed that this so called crash is for short term only, I doubt that we can go as low as $8500-$9k, I'm expecting $10k++ at the end of week, as we have reached or approaching a golden cross which is a indication that which is a very bullish signal to me.

[Vaskiy]

The funny thing about "manipulation" is we can always fit it to our biases. Bulls see whales dumping into thin order books and cry manipulation. Bears see whales buying into those dumps, propping the market up, and they cry manipulation. In the end, it's just accumulation or distribution.

Volume-wise, someone has been heavily accumulating these dumps into the $9,000s. They might succeed in propping the market up. Or they might fail and their capitulation will fill our bids in the $8,000s.

Just wait and see, and don't worry about manipulation.

"Manipulators" and "whales" are just the boogeymen of Bitcoin market, people throw these words around easily, but no one presents real proofs of manipualtion, like leaked chat logs, links between wealthy traders and some media or other influencers. People just can't admit that Bitcoin is very volatile, they always want to blame it on someone to feel better about their loses.

It's because these whales doesn't have a face, but instead used some crypto brokers to make the trade with them. However, I do believed that this so called crash is for short term only, I doubt that we can go as low as $8500-$9k, I'm expecting $10k++ at the end of week, as we have reached or approaching a golden cross which is a indication that which is a very bullish signal to me.

Golden Cross is a pure indication of bull market. With this we can expect the price to recover above along side of the market fluctuations. The recovery has been taking place as a result of good support gain over the $9500 margin, if this hasn't took place then the price could have gone much low less than $7000. This trend will continue until there happens some manipulation from the whales.

[pooya87]

2) Its value reached $13k, then dropped to $10k, (and now barely hold it btw).
If you think currently, 10% is nothing at all, we'll see what you'll say when its value will drop to $8,500... because right now it's very likely to happen...

that is one way of looking at the market but another way which i think is the correct way is to see it rise from $3000 to $13000 and then fall to $10000. that puts things in a much better perspective compared to only focusing on the drop part.
i personally don't consider anything above $10k to be worrying. $9.6k is a little worrying but since it has been holding nicely i still wouldn't call it a crash. but if we go below $9k and stay there then i would start to worry and call it a downtrend.

[exstasie]

I'm expecting $10k++ at the end of week, as we have reached or approaching a golden cross which is a indication that which is a very bullish signal to me.

What time frame? A golden cross usually refers to a 50/200 cross. We already had a golden cross on the daily chart back in April and it never crossed bearish again. We're not even close on the weekly.

Sounds like people are still hopeful. Too hopeful.....