Major dump started like 5 minutes ago

[sunsilk]

This recent dump was just the last attempt to bring bitcoin down a bit just before the last bull run of bitcoin before this halving. If you look currently at the price of bitcoin you will realize that it has started pumping again. My prediction is similar to other TAs own which is around $10.2K.

It did a pump and I've seen it went a bit higher to nearly $9000 but it didn't break. And after observing it, there's a correction again that made the price pullback to $8500 and that's still healthy, to be honest.

Just a small reminder everyone.

There are one and a half hours left for the few blocks remaining before the halving.

[CryptopreneurBrainboss]

I hate it when altcoins are affected even more than bitcoin, why would altcoins be affected this much when bitcoin is already recovering. I mean look at bitcoin right now, it is already around 9k once again, if the bitcoin price is going that much why would altcoins not recover as well? They should recover in all sense and purposes.

The reality is that, bitcoin detect the market and others follow, the moment we begin to understand that, our investment decision will be well calculated and there won't be a need for complains when the market react in the manner it just side. Many investors still haven't accepted this fact. The altcoins market has a lot to do with hype and marketing technique that's why only project that has that in them do well (but obviously for a short period of time, that's why they record profits occasionally). The news of recent has been all about bitcoin, therefore you don't expect the altcoins (on a general note) to benefit that much).

Even though your alts gained value hardly before that gain will be in satoshi instead it'll be in the USD value. So what's the point of buying the alts, wouldn't it had been better your held your bitcoin instead?. It isn't a clever decision to get alts during the halving period of bitcoin just as the market has exposed. Be cautious next time.

[Kelvinid]

It is something to think about market manipulation. The sudden dump is usually not what we think about during the event and I believe many were get disappointed with what they saw. We also remember that such a trick is already a part of the crypto development and that is the reason why crypto becomes at high risk but on the other side, many were also happy for the situation so they can take the opportunity to buy more Bitcoins/Altcoins.

[michellee]

It is something to think about market manipulation. The sudden dump is usually not what we think about during the event and I believe many were get disappointed with what they saw. We also remember that such a trick is already a part of the crypto development and that is the reason why crypto becomes at high risk but on the other side, many were also happy for the situation so they can take the opportunity to buy more Bitcoins/Altcoins.

Although they are disappointed, they will be happy in the end if they see bitcoin price start to rise again. I think we can accept about market manipulation because that is what happens so far. But we can get the way to enter the market when the price is at a lower price so we can buy it right away and hold it for a while. The market dumps will be the best opportunity for us to buy more bitcoin/altcoins.

[bitgolden]

This wasn't really a "major" dump in bitcoin world, it was a 10% drop and I agree that if you saw the stock prices of apple or microsoft or facebook etc to go down 10% in one day you would probably be like "whats going on!" but we are in the bitcoin world, in the past 5 months, we literally moved from 7k to 10k to 4k to 10k and back to 9k now, that is really nothing really too shocking if you ask me, I think we should be used to it by now.

Just check year these times, we moved from around 3k to 13k to 7k in few months as well. That is literally insane and probably never happened in stock world so you might be shocked to see it if you are new here, however get used to it in the bitcoin world. I really like this volatility, it creates a lot of chances to make money.

[exstasie]

This wasn't really a "major" dump in bitcoin world, it was a 10% drop

The 30-minute dump on the 10th was actually a 15% drop, and the total decline from the recent highs was around 20%. In my book, that's nothing to sneeze at!

BTC is also known to make 35-40% corrections, even during strong bull markets. Don't assume it can't happen again now. I am not yet convinced we have seen $6K for the last time.

[Oasisman]

This wasn't really a "major" dump in bitcoin world, it was a 10% drop

BTC is also known to make 35-40% corrections, even during strong bull markets. Don't assume it can't happen again now. I am not yet convinced we have seen $6K for the last time.

It would. Just like what many people were following the trend of welcoming a bullrun after the halving event, I guess the correction is just lurking around and may happen anytime soon. I'm not even sure whether a correction is a good indicator for the next bull season.
Though that 15% drop didn't really scare a lot of investors because It quickly bounces back after a few hours, but a correction is also a good opportunity to buy before the price hits a new heights.