One more bitcoin dump ?

[Leon83]

We must not forget the massive price increase from april to june. That was waaay to much in such a short time.
We're now 134% up from the low in december 2018.

[1714208816]

1714208816

[Oceat]

What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?

I don't like to think that Bitcoin would reach at that point but if all goes wrong we might see the $6k price again. I'm hoping that everything happening in Bitcoin right now is just a temporary dump, that everything will get back to the way it was before. We really can't help it but let's just gain some through this dip since it is so rare to find this price when Bitcoin is almost in the bullishness.

[topbitcoin]

What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?

I think too early to decide if bitcoin price will back to $3500 because it is still 1 day after dump happen. If me, i usually wait dump for a couple days, or maybe for couple weeks to see it is bear market or not. If still 1 day like this usually i keep remain to calm.

we should not in hurry when take conclusion about market.to reach $3500 we need news that even worst than last moment when bitcoin hit bottom on around $4000.meanwhile at moment we see crytpcurrency supported by many good news.in couple days again till october end we will see the direction from bitcoin price.

I don't know where did people get that value of 3500$  and whx are they always coming back to it. Currently we are having some slight correction and no indicators are showing that price might fall so deep. No room for panic or drama, price will recover but we have to be aware that more corrections will follow.

It's just a concern to get the lowest value if indeed the decline continues to occur, but as is happening now even the coins below are changing rapidly upwards so this is just a normal correction if indeed behind all this there is good news that will pump up the market next month. Concerns are natural when prices fall very swoop but when we can calm down with a bad situation like that might be an opportunity to take advantage if we believe recovery will happen soon.

IMO, make something like guess lowest value to make people careful with their investment is good to do. But maybe if read by people who easily to get panic, they will sell their coins, and then can make price really down. Maybe if not big wouldn't really affect on bitcoin price itself. But if a lot of people panic, can be worse. 

[marcbitcoins]

What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?

This shows that the supporter of Bitcoin keeps on diminishing because of bearish market which is still in effect. Maybe some of the Bitcoin enthusiast are now tired of waiting and lose their patience for Bullish to come that is why they are selling their Bitcoin and leave crypto investments for other opportunities.

[kapalmabur]

What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?

I don't really understand the current market situation, some people think that this is due to the negative news that Google launched a quantum computer,
and this has an effect on bitcoin, see the price of bitcoin drops sharply, this is terrible if bitcoin drops to $ 3500 - $ 5000

[NewRanger]

What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?

I don't really understand the current market situation, some people think that this is due to the negative news that Google launched a quantum computer,
and this has an effect on bitcoin, see the price of bitcoin drops sharply, this is terrible if bitcoin drops to $ 3500 - $ 5000

in my opinion news about quantum computer from google as main trigger for bitcoin price.as i said before, bitcoin technically still in bearish trend.and it just wait news that make traders or investor sell their asset.and  it happen now.i am not sure bitcoin will drop till $3000 .i see 5700 as strong and key support.based on technical analisys this level was restance that become support on previous movement.it need to tested so its valid support or not.

[ReiMomo]

What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?

This shows that the supporter of Bitcoin keeps on diminishing because of bearish market which is still in effect. Maybe some of the Bitcoin enthusiast are now tired of waiting and lose their patience for Bullish to come that is why they are selling their Bitcoin and leave crypto investments for other opportunities.

Well, probably you are right but that is only guessing the situations and we really don't know if holders already give up. Or on the other hand, it might be the whales now trying to manipulate again market. This should be a starting point of bitcoin price to pump again and make a bullish trend by next year when the next halving comes. But as of now let's grab the opportunity of investing while it is very cheap in the market.

[Indrawan77]

I dont see any major reason behind this falling so I am sure the situation will be temporary as long as not a lot of people become panic and make a chain reaction, I think this is just a normal set back the price will be gradually up, so don't too worry about it

[buwaytress]

We must not forget the massive price increase from april to june. That was waaay to much in such a short time.
We're now 134% up from the low in december 2018.

People keep forgetting things like that, is the problem. Well, one of the many problems with the majority of so-called and self-professed Bitcoin advocates.

They forget where Bitcoin was not 2 years ago, not 3 years ago, and as you point out, even 6 months ago. And when price does in the desired direction, no one questions manipulation, or how unsustainable it can be, how it's too fast, with not enough fundamental backing it up.

April to June was way too much, way too soon. The payback for that's not over yet.

[Darooghe]

In my opinion, the big reason why the whole markers dumps so quickly is because it’s severely liquid. that means there aren’t many buyers or sellers and when a big buyer or group of people, decide to sell a big bunch there aren’t enough buyers (demand) to satisfy this supply at this price level. Hence the price level drops to a level where the are more buyers.

But from a technical point of view, market tried to correct from $14,000 (or even $20,000). people here like to scream TA is bullshit and ignore it but the fact is it becomes it's own self fulfilling prophecy in a way because you have multiple people (maybe bots) looking at the charts almost all having the same idea about when to buy and sell. This is why it's a good idea to be aware of basic TA even if you are going to HODL not trade so you have a rough idea of when breakouts like this happen and aren't buying only to immediately be holding bags or down 5% since last night.

[DoublerHunter]

~snip~
They forget where Bitcoin was not 2 years ago, not 3 years ago, and as you point out, even 6 months ago. And when price does in the desired direction, no one questions manipulation, or how unsustainable it can be, how it's too fast, with not enough fundamental backing it up.

^ Let me continue this. It was 10 years from now. Bitcoin still alive and the long years come it becomes expensive price in the market so it means there was already a massive adoption happen and we are now on the mainstream. I believed that after this price decreasing there should be another ATH coming and maybe $7k is a good start to pump up again. Nevertheless, it is hard to predict what will happen next so better to relax sometimes.

[Quidat]

What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?

And here we go again we jumped $1000 in a matter of hours yet the current price atm is 8500. We cant say that this would be the one more dump
but bitcoins price is very unpredictable where it can shoot up without our knowing or awareness.Lucky for those who bought on 7300+ including me.
I can short out now for secure profits.Only people who do took the risk will really benefit out and to those hesitant would be leaved regretting.

[Wysi]

~snip~
They forget where Bitcoin was not 2 years ago, not 3 years ago, and as you point out, even 6 months ago. And when price does in the desired direction, no one questions manipulation, or how unsustainable it can be, how it's too fast, with not enough fundamental backing it up.

^ Let me continue this. It was 10 years from now. Bitcoin still alive and the long years come it becomes expensive price in the market so it means there was already a massive adoption happen and we are now on the mainstream. I believed that after this price decreasing there should be another ATH coming and maybe $7k is a good start to pump up again. Nevertheless, it is hard to predict what will happen next so better to relax sometimes.

Yes may be it's time for us to wait and watch as the market shapes because we cannot depend on predictions and we are aware it will bounce back but the problem over here is the panic which has made many ameature to sell off and sometime we tenured people get trapped into panic sell as well.  I belive we need to give sometime for recovery. 

[skarais]

And here we go again we jumped $1000 in a matter of hours yet the current price atm is 8500. We cant say that this would be the one more dump
but bitcoins price is very unpredictable where it can shoot up without our knowing or awareness.Lucky for those who bought on 7300+ including me.
I can short out now for secure profits.Only people who do took the risk will really benefit out and to those hesitant would be leaved regretting.

God, I am really surprised by this. The reaction has been very good since yesterdays bitcoin price was dumped. After the storm the sun rises, maybe this is a good slogan to illustrate the rise of bitcoin today. I think a decent target for the next is $8500, but stay alert because this upward trend can be temporary.

[davinchi]

What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?

Hey? Why would you even think of bitcoin dropping that low now? I don’t think that will really be good for people, because it would just get lot of people who had been waiting since the time that they  bought bitcoin at $20k and then waiting for price recovery which they have been doing for years, now that they have some level of confidence that bitcoin has gone out of bear market, having the value of bitcoin drop to even $4000 may make their believe to shake in their investment in bitcoin and I think this is really not going to be funny for them, but for people like me, I would just grab that opportunity to buy as much as possible because of that opportunity since I know that the price will rise back to its peak again within a very short period of time.

[serjent05]

And here we go again we jumped $1000 in a matter of hours yet the current price atm is 8500. We cant say that this would be the one more dump
but bitcoins price is very unpredictable where it can shoot up without our knowing or awareness.Lucky for those who bought on 7300+ including me.
I can short out now for secure profits.Only people who do took the risk will really benefit out and to those hesitant would be leaved regretting.

God, I am really surprised by this. The reaction has been very good since yesterdays bitcoin price was dumped. After the storm the sun rises, maybe this is a good slogan to illustrate the rise of bitcoin today. I think a decent target for the next is $8500, but stay alert because this upward trend can be temporary.

Indeed I was surprised when I check the price.  It was around $7.4k when I woke up this morning, and its less than 24 hours when the price spiked.  Any reason for this price increase?  It seems whales are done accumulating and probably thinks that it is time to pump Bitcoin to rake another huge profit.

[kolonel_x]

And here we go again we jumped $1000 in a matter of hours yet the current price atm is 8500. We cant say that this would be the one more dump
but bitcoins price is very unpredictable where it can shoot up without our knowing or awareness.Lucky for those who bought on 7300+ including me.
I can short out now for secure profits.Only people who do took the risk will really benefit out and to those hesitant would be leaved regretting.

God, I am really surprised by this. The reaction has been very good since yesterdays bitcoin price was dumped. After the storm the sun rises, maybe this is a good slogan to illustrate the rise of bitcoin today. I think a decent target for the next is $8500, but stay alert because this upward trend can be temporary.

Indeed I was surprised when I check the price.  It was around $7.4k when I woke up this morning, and its less than 24 hours when the price spiked.  Any reason for this price increase?  It seems whales are done accumulating and probably thinks that it is time to pump Bitcoin to rake another huge profit.

Today the whales really pump large-scale markets again soaring high, is this going to take a long time? but what I hope is that the market will recover and bitcoin will soon reach my target of $ 9,000 by the end of October.

[Quidat]

And here we go again we jumped $1000 in a matter of hours yet the current price atm is 8500. We cant say that this would be the one more dump
but bitcoins price is very unpredictable where it can shoot up without our knowing or awareness.Lucky for those who bought on 7300+ including me.
I can short out now for secure profits.Only people who do took the risk will really benefit out and to those hesitant would be leaved regretting.

God, I am really surprised by this. The reaction has been very good since yesterdays bitcoin price was dumped. After the storm the sun rises, maybe this is a good slogan to illustrate the rise of bitcoin today. I think a decent target for the next is $8500, but stay alert because this upward trend can be temporary.

Indeed I was surprised when I check the price.  It was around $7.4k when I woke up this morning, and its less than 24 hours when the price spiked.  Any reason for this price increase?  It seems whales are done accumulating and probably thinks that it is time to pump Bitcoin to rake another huge profit.

Today the whales really pump large-scale markets again soaring high, is this going to take a long time? but what I hope is that the market will recover and bitcoin will soon reach my target of $ 9,000 by the end of October.

Reaching 9k price is way too near since we do reach Current high of 8700 a while ago and now we do have some very volatile
movement as time pass by where price do play somewhere between on 8k levels.Im playing out with the wave and do make
some scalping and somewhat effective since ive been profiting with these movements.Reason of sudden pump? No one knows
yet if we try to look for possible fundamentals we cant find any major ones that would possibly the reason.

[Fredomago]

~snip~
They forget where Bitcoin was not 2 years ago, not 3 years ago, and as you point out, even 6 months ago. And when price does in the desired direction, no one questions manipulation, or how unsustainable it can be, how it's too fast, with not enough fundamental backing it up.

^ Let me continue this. It was 10 years from now. Bitcoin still alive and the long years come it becomes expensive price in the market so it means there was already a massive adoption happen and we are now on the mainstream. I believed that after this price decreasing there should be another ATH coming and maybe $7k is a good start to pump up again. Nevertheless, it is hard to predict what will happen next so better to relax sometimes.

In order not to panic that much, you need to relax yourself and if possible to stay away for a while or if you still have enough funds to use it's good to
invest more, Don't worry that much as bitcoin have the history to comeback much stronger so if you can afford to add more on your assets while the
market still on this kind of situations then better to work it out and keep your optimistic point of views.