What the heck is happening to bitcoin!

[escrowmycoins]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

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[mk4]

Price rise: adoption!
Price drop: manipulation!

Ah, classic. If you're a long term holder, why are you so affected by a price drop? It's not like price drops are anything new with bitcoin in the first place. If anything, price drops like this are great opportunities to stack up some more.

[pragna]

Price rise: adoption!
Price drop: manipulation!

Ah, classic. If you're a long term holder, why are you so affected by a price drop? It's not like price drops are anything new with bitcoin in the first place.

  you are correct sir. I do not know he or she had previous experience for crypto market or not. Crypto market is always such like that and there is no manipulation i think. My my mind, maximum come here for short time trade and big dividends so they can not read the market fully. So ups and down which is normal in our eye that are adoption and manipulation in their eye.

thanks

[stompix]

Price rise: adoption!
Price drop: manipulation!

Exactly my thought!

The price goes up,  millions of Argentinians are buying bitcoin, bitcoin trading surges in Africa, Wallstreet is into bitcoin, investors are putting in billions after billions.
The price goes down, a whale dumped 100 BTC and crashed the price though manipulation, erasing the effect of all the above   and everyone is running around like chickens.

I am shocked of this recent drop and i am a long term holder, what do you think it will happen?

It will go up again, that if it will not drop more, or, of course, it's also the possibility to stay at the same price  
Long term holders don't care about swings like this, remember that we were at 9k one month ago and 4k in March? Or that we dropped from almost 10k to 8.2 at the beginning of May?

[NeuroticFish]

I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I am also a bit shocked. And that's because I probably had unrealistic expectations.
Still, this drop "only" sets the price back to where it was at the end of July.

It's not strange at all that some traders may have decided it's time to cash in. And of course, this can trigger a lot of stop-loss triggers and even more sales.

If you put it like this it doesn't sound as bad as manipulation, isn't it? 

[BrewMaster]

Price rise: adoption!
Price drop: manipulation!

at first look it looks that way but with a closer inspection the way price dropped is not normal. it is more like the panic sell button was pushed and the price dropped all the way down from $12k+ to $10.5k range in pretty much 2 big dumps.
that is not normal behavior in my experience and can only be explained by manipulation.

[drlukacs]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Don't worry too much, if the price increases sharply, it will also plummet. this is just a correction and bitcoin is still above $ 10k, we are still at a safe level. I am also a holder so I understand your feelings, but if you have determined to hold for a long time then you should set a clear target for profit as well as a stop loss. Although the economic conditions are quite favorable to return to development, we also need to prepare for the worst case scenario. If bitcoin falls below 10k $, I will sell everything and not hold anymore. and you ?

[mindrust]

It will go towards whatever direction the tether overlords want.

BTC (and other crypto) prices are being manipulated since the 2017 moon shot probably.

You are fine as long as they keep playing this game. Sooner or later they'll have to increase the price again... Hodl!

[escrowmycoins]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Don't worry too much, if the price increases sharply, it will also plummet. this is just a correction and bitcoin is still above $ 10k, we are still at a safe level. I am also a holder so I understand your feelings, but if you have determined to hold for a long time then you should set a clear target for profit as well as a stop loss. Although the economic conditions are quite favorable to return to development, we also need to prepare for the worst case scenario. If bitcoin falls below 10k $, I will sell everything and not hold anymore. and you ?

That's what i am thinking too, there's a gap in the 9600~ area that should be filled so i am expecting a drop even more, but i am planning to hold until Feb, 2021 until everything is clear.
2016-17 is repeating itself, we used to have ICOs and now we have DeFi trend which is pretty similar, my target is 35k$ and i will cash-out.
Let's hope everything goes according to plan.

[rodskee]

I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I am also a bit shocked. And that's because I probably had unrealistic expectations.
Still, this drop "only" sets the price back to where it was at the end of July.

It's not strange at all that some traders may have decided it's time to cash in. And of course, this can trigger a lot of stop-loss triggers and even more sales.

If you put it like this it doesn't sound as bad as manipulation, isn't it? 

Lots of opportunist and gainers are cashing out shaking now the market and wait for another target position.

If you are a long term investors, for sure you are already aware of this and you'll not going to panic chances that it will continue to fall is still possible
better to close your eyes or forget about checking the price from time to time.
It will only leads you to make a wrong decision then regret when the time comes and bounce back happened, let it be and just keep your plan intact.

[Oceat]

It means that it's time for a buyback to stack again.

This is how the market is working, you should know that since you are a long term hodler.
Know that there are traders who does trading everyday so it's a common knowledge to see the price dropping after it's growing.
Consider this as an opportunity to add more to your coins since you were a long term hodler you still have plenty of time to stack up.

[abel1337]

Price rise: adoption!
Price drop: manipulation!

Ah, classic. If you're a long term holder, why are you so affected by a price drop? It's not like price drops are anything new with bitcoin in the first place. If anything, price drops like this are great opportunities to stack up some more.

I genuinely laugh at this haha, I don't know why there are still people who are complaining when bitcoin drops it's the price and blaming that it is manipulation. As a long time holder, I really don't even care enough what price would be.

We can't expect that bitcoin will just go straight that price border, I think it's normal to have the price drop on that price but I agree that it is a pretty big price drop.

[audaciousbeing]

Price rise: adoption!
Price drop: manipulation!

Ah, classic. If you're a long term holder, why are you so affected by a price drop? It's not like price drops are anything new with bitcoin in the first place. If anything, price drops like this are great opportunities to stack up some more.

You have just succinctly give the view of what is going on with Op and people like him. Few weeks ago, it was how impossible to break $10k and the moment that was done, it became another issue with emphasis and reasons being provided on how adoption is going through the roof.

But our people seems to forget that market forces are still in play and fluctuations is a major factor embedded in the market. We are not getting rid of that yet

[apache20]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I think the huge S&P correction today and it's being overextended was a big part of recent downward moves in Bitcoin.. it's pretty well established that BTC has a connection with that index. I looked at the RSI for the S&P daily and just before today's dump it was at 80 and had been well over 70 for a while. Yikes... accident waiting to happen and doesn't take a genius to see that coming. I'm just glad the panic wasn't worse...so far anyway.

But yeah, I think bigger players were being cautious due to the S&P being way extended to the up lately.  Nothing nefarious going on that I can see. Plus, they say August/late summer is historically a shitty time for crypto markets.

 

[escrowmycoins]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I think the huge S&P correction today and it's being overextended was a big part of recent downward moves in Bitcoin.. it's pretty well established that BTC has a connection with that index. I looked at the RSI for the S&P daily and just before today's dump it was at 80 and had been well over 70 for a while. Yikes... accident waiting to happen and doesn't take a genius to see that coming. I'm just glad the panic wasn't worse...so far anyway.

But yeah, I think bigger players were being cautious due to the S&P being way extended to the up lately.  Nothing nefarious going on that I can see. Plus, they say August/late summer is historically a shitty time for crypto markets.

 

I don't think that crypto is related to S&P that much, but what is most importantly is whether we broke the bullish trend or not, if yes i will cash the heck out now.
What kind of accident you are waiting to happen btw?

[crzy]

Price rise: adoption!
Price drop: manipulation!

Ah, classic. If you're a long term holder, why are you so affected by a price drop? It's not like price drops are anything new with bitcoin in the first place. If anything, price drops like this are great opportunities to stack up some more.

Many people are reacting so badly lately, they just want a full pump and don’t want to experience any drop at all a common reactions from those who don’t have enough knowledge on the market.

Bitcoin is volatile so don’t expect a more stable price because it wont happen for now. As we are aiming for a new peak, expect that we are taking the ladders and not the elevator to easy going up, buy and sell base on your plan and don’t panic if you see corrections.

[militiariko]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

There is nothing like a manipulation, the crypto currency markets deals with our emotions and as a trader who day trades is supposed to check trade charts, study the price movements and determine the support level of bitcoin (especially). Do that frequently, and you will have a good trading experience.

When you do not do your own research before investing in tokens; it is a reason why you think about manipulations that do not exist. Every bear market is a good moment to recap, re position yourself in the market. It is not a time to shift blame or responsibility.

[nelson4lov]

It's nothing new. Just another long, overdue correction.  The ride to 12k has been very much straightforward without any major pullback so I was expecting a drop this big. If you check the total market capitalization, you would notice that it has been growing for a while. In an ideal market, prices don't just keep growing. Price moves in a zigzag kinda movement. Earlier today, the price broke the weakly support at 10800 and moved lower. In the days to come, there would be a relief rally, possibly to 11.1 - 11.2k levels.  People are just overreacting and panic selling when they should be filling up their bags.

[Baofeng]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Lol, you just contradict yourself, if you're really a long term holder then why are you affected by the sudden drop of price? I will assume you know that if you don't sell then you are not losing money here, so it seems that you are in a panic mode. Obviously, this is a correction, maybe we can really identify the reason in the next couple of days, but for now it's all speculation as to what the cause of the sudden drop. And again, as I have said, it's not just crypto, stocks and golds also went down, so every market is really affected.

[escrowmycoins]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Lol, you just contradict yourself, if you're really a long term holder then why are you affected by the sudden drop of price? I will assume you know that if you don't sell then you are not losing money here, so it seems that you are in a panic mode. Obviously, this is a correction, maybe we can really identify the reason in the next couple of days, but for now it's all speculation as to what the cause of the sudden drop. And again, as I have said, it's not just crypto, stocks and golds also went down, so every market is really affected.

I do realize that, but this drop is not something that you can take your eyes off, was just wondering what happened or any explanation for it.

[btc_angela]

It means that it's time for a buyback to stack again.

For majority of us who have been waiting for the right opportunity to buyback again.

This is how the market is working, you should know that since you are a long term hodler.
Know that there are traders who does trading everyday so it's a common knowledge to see the price dropping after it's growing.
Consider this as an opportunity to add more to your coins since you were a long term hodler you still have plenty of time to stack up.

Maybe the OP is a long term holder newbie, and he/she is on the panic mode because this is not to be expected. To be honest, it also shock me, but this is how the market works, you have to be ready with this sudden movements as we all know that btc is volatile.

[logfiles]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder,

What the heck just happened to your brain our beloved long term holder?
Is this your first time trading digital assets?
Don't you know how markets work?

You don't expect the price to keep rising without any drop or correction. If that happens then it will be manipulation.
Like the famous saying goes "What goes up must come down"

[MCobian]

If you are long-term holders, you don't need to panic about the Bitcoin price falling below the $ 12,000 price. Because since
the beginning of investing in Bitcoin is a high risk investment, so it is only natural that the price of Bitcoin is now suddenly dropping.
Price manipulation does not always occur, my suggestion is that the current Bitcoin price decline is an opportunity to buy Bitcoin
at a low price.

[Mahanton]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

If you are a long term holder then these kind of drops wont bother you out but if you are a short term one then you would surely panic.For those people who had been here on this market
then these kind of drops are just usual yet you cant just expect for market to have continuous price increase and there are no corrections or sell-offs and theres always be.
Get used to it if you are just new into this market because its likely to happen from time to time after a sudden price increase or rally. Corrections will always comes next.
Instead of worrying then better see this as an opportunity to buy more.

[smyslov]

Price rise: adoption!
Price drop: manipulation!

Ah, classic. If you're a long term holder, why are you so affected by a price drop? It's not like price drops are anything new with bitcoin in the first place. If anything, price drops like this are great opportunities to stack up some more.

Newbies considered this as the end of Crypto, whales and old timers consider this as another opportunities to buy more and the latter is always proves themselves right, people are questioning the market when it is dropping and do not when it is rising up, this is expected in a market that is highly volatile, that is why people are advised to only invest what they can afford to lose.

[lienfaye]

This situation is not unusual, the price can turns up and down with the reason of demand and supply status. If the price decrease probably some of us are selling or whales are moving their assets.

Anyways you said that you're a long term holder so if thats the case there's no need for you to worry about the current price movement of bitcoin. Just let it pass by because its a temporary situation, instead look forward for bullrun.

[blockman]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Don't be shocked. I'm also a long term holder but this is not a surprising event that happened to bitcoin. Are we surprised when bitcoin hits $12k too quick? It's only a correction and it has to happen so it can break the ceiling that it had reached which is $12k. We saw how it wasn't able to break through that price so something like this has to happen. Don't be too worried about it if you have decided to be a long term guy to bitcoin. Probably around 1-2 or more years of holding, don't stress out yourself with the plunge.

[Janation]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I think you are the only long-term holder that got affected by this.

If you really are a long-term holder, you should be used to these changes since this is the nature of Bitcoin. If the price dropped then we can say that people sold some of their holdings. Instead of saying that it is a manipulation, take it as an advantage since we might not see this price in the next few months, why not reinvest? If you don't want to then keep on holding.

[mk4]

I do realize that, but this drop is not something that you can take your eyes off, was just wondering what happened or any explanation for it.

Price drops doesn't need explanations. It could simply mean one thing: more people are simply selling bitcoin compared to buying. That's pretty much it. Sure we could speculate what could have probably caused the sell off, but there's literally no way we can know for sure anyway unless you go and ask every single person trading on exchanges.

Spend your time doing something else instead than trying to guess what happened, because it already happened anyway. It's not like you can reverse what happened.

[adaseb]

These posts on bitcointalk and crypto twitter are proof that most of the people here are just in it for the money and are most likely over-leveraged. Same is happening on the stocks and wallstreetbets boards. Instead of buying stocks or crypto by spot, they use margin or leverage or buy options and its what wiggles most people out with moves like this.

I honestly think this is just another dip before calling it a local top but until we get confirmation then nobody knows for sure where the markets are headed. We are correlated with stocks and Covid19 and election results will play a deep role into how all of this will turn out.

[littlebat1980]

These posts on bitcointalk and crypto twitter are proof that most of the people here are just in it for the money and are most likely over-leveraged. Same is happening on the stocks and wallstreetbets boards. Instead of buying stocks or crypto by spot, they use margin or leverage or buy options and its what wiggles most people out with moves like this.

I honestly think this is just another dip before calling it a local top but until we get confirmation then nobody knows for sure where the markets are headed. We are correlated with stocks and Covid19 and election results will play a deep role into how all of this will turn out.

Totally agree. Bitcoin IS volatile. Adding currently to my portfolio.

[mk4]

These posts on bitcointalk and crypto twitter are proof that most of the people here are just in it for the money and are most likely over-leveraged.

*snip*

Not only that, what's worse is that they're only in it for the money(this itself I don't mind as people can also speculate with bitcoin in the long-term), and they're expecting to actually make money in the short term. Which as we know, betting short term on bitcoin is pretty much a gamble.

[Eureka_07]

This thing is actually normal. Bitcoin's price always depend on the demand. So why are you still bothering of the bitcoin price drop recently.
Probably you're expecting it to go beyond 12k that much, that is why you're so disappointed. It's really hard to tell if bitcoin will rise or will drop so better be always think wisely.
Some btc investors always wanted bitcoin to drop so they can invest again. Breaking the 12k resistance or higher than 12k resistance is pretty hard so some traders stops on 10-12k.

[Slow death]

Is it manipulation? or just not breaking the resistance of 12K Area?

it is at these times that we have to remember what happened in the past:



In the past the price reached $12900 and then lost strength and fell a lot, this time it seems to me that the scenario was the same, which has to be observed this time and if the price will be able to remain above $10,000 before trying to break the $12,000. There's still no reason to panic

I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

if you have been in this market for a long time then it shouldn't be a reason to shock you

[Jating]

These posts on bitcointalk and crypto twitter are proof that most of the people here are just in it for the money and are most likely over-leveraged.

*snip*

Not only that, what's worse is that they're only in it for the money(this itself I don't mind as people can also speculate with bitcoin in the long-term), and they're expecting to actually make money in the short term. Which as we know, betting short term on bitcoin is pretty much a gamble.

Or expect that the price will simply go on a parabolic rise, which is not gonna happen, specially given how bitcoin's market price is unstable.

Yes, twitter exploded when the price goes down, others say its doom, most panic (specially newbies, or those who enter thinking that they can make money is short term). If the OP is really a long term holder, meaning he has seen the ups and downs, there should be no concern at all, crypto market is slowly bouncing back now and in the next 3 days we should be in the green again.

[TGD]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Long term holder already aware that BTC experience some correction when the price hits a certain level. It's not manipulation but only a typical scenario in trading, when the price goes high there's a point that it will experience some red days and these days means we should watch the market and plan where can be the amount we can buyback. It's time to track and gets ready to buy once BTC shows some sign of increasing it's price again.

[cryptothreads]

If you are long-term holders, you don't need to panic about the Bitcoin price falling below the $ 12,000 price. Because since
the beginning of investing in Bitcoin is a high risk investment, so it is only natural that the price of Bitcoin is now suddenly dropping.
Price manipulation does not always occur, my suggestion is that the current Bitcoin price decline is an opportunity to buy Bitcoin
at a low price.

I always tend to buy when the price of Bitcoin falls because it is the best opportunity to profit from this market. However, I am sure not always the way you think things are because the crypto market is very volatile and often corrects after a bullish phase.

In addition, Bitcoin is also the dominant coin for the entire crypto market so there is nothing to worry about when you make a long-term investment decision.

[glowing10]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Long term holder already aware that BTC experience some correction when the price hits a certain level. It's not manipulation but only a typical scenario in trading, when the price goes high there's a point that it will experience some red days and these days means we should watch the market and plan where can be the amount we can buyback. It's time to track and gets ready to buy once BTC shows some sign of increasing it's price again.

This will happen because volatility in biotin is common and some days it will fall and some days it will rise which is nothing new. Only thing if we are investors or traders then need to keep a check in level so that do not miss out the buying as after this type of fall generally bitcoin surges upwards and this can help you to make gain during this types of rises.

[pawanjain]

Why didn't people say "What the heck is happening to bitcoin!" when bitcoin's price jumped from $10k to $12k ?
Why is it always that people start making theories when bitcoin's price falls down suddenly?
We all know this is how bitcoin behaves and still people get astonished when they see a sudden downfall in bitcoin's price.

[pallang]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Its a clear manipulation, however this happening on bitcoins price is an opportunity to buy bitcoin and some of the alts which was affected thier price on sudden bitcoin price drop.

[Warkop]

I am confused by you, you say that you are a long term Bitcoin holder but seeing the price of Bitcoin go down why are you surprised, I think if you are really a long term Bitcoin holder you should already know and not panic if you see the Bitcoin price go down then you know what to do when you see this Bitcoin price drop occur. What a stupid thing.

[Hypnosis00]

Maybe I was shocked if it moves instantly to $15k but it was just a few step-down, it is normal and you can say it was manipulated by whales or someone else.
I don't think we need to complain because we are all experiencing this one, no one had escaped the dump. We all not thinking the same, that is why the market keeps volatile, keeps moving up and down because someone sold their Bitcoin due to worries while the others keep buying because they are not affected by the drama.

[Salauddin1994]

Bitcoin long term holder bitcoin is the best currency for long-term investment so there is nothing to be disappointed about even if the price goes down. Bitcoin is a stable currency and the price will go up and down on the contrary if the price of buying Bitcoin goes down, those who have not yet been able to buy it will be able to make a lot of profit if they hold on to it even if the price goes down, there is a lot of potential for the price of Bitcoin to go up don't be surprised buy and hold.

[LUCKMCFLY]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I think that now the price of Bitcoin is making a correction, it is obvious that the price will go up, when reviewing the volume of purchases and orders (although orders are sometimes temporary strategies for some traders) the offer has decreased enormously, in any moment it can go up in price. The market always gives opportunities, the best at the moment is Hodl.

[Findingnemo]

Is it manipulation? or just not breaking the resistance of 12K Area? 
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Means whales decided to buy more bitcoins so be a smart one and you also start buying bitcoin when it is available for cheaper.

Bitcoin price is highly volatile and its not something abnormal, if you are not familiar with that then get used to it and start focusing on long term goals to avoid shock like this.

[AakZaki]

If you are a long-term bitcoin holder you will not be worried about this price drop. The price of bitcoin is always bearish when it touches the $ 12k mark, there are also many manipulations carried out, the crypto market will not be separated from the manipulations carried out by whales and parties who want bitcoin prices to fall. If this is just a correction or goes down further, you should stick to your long-term targets. If bitcoins were cheaper you might buy them again.

[wxxyrqa]

If you are a long-term bitcoin holder you will not be worried about this price drop. The price of bitcoin is always bearish when it touches the $ 12k mark, there are also many manipulations carried out, the crypto market will not be separated from the manipulations carried out by whales and parties who want bitcoin prices to fall. If this is just a correction or goes down further, you should stick to your long-term targets. If bitcoins were cheaper you might buy them again.

Is it possible to revise all the information and market indicators in past years, when Bitcoin was in a bullish trend, then one way or another you can see that at some point the rally was interrupted by sharp price reductions. Based on this, I also do not worry about What is happening in the market for several days. In addition, I believe in those definitions that predict that after each halving, Bitcoin reached a new maximum for almost one year.

[Renampun]

...

Its a clear manipulation, however this happening on bitcoins price is an opportunity to buy bitcoin and some of the alts which was affected thier price on sudden bitcoin price drop.

it's up to you to think it is manipulation but for me, it is clearly a market correction...
a market correction is a condition where you should buy, if you have some funds then increasing investment in Bitcoin is very good.

[imstillthebest]

manipulation cant be unbind with btc  . price dont want to break to 12k for now  . why get shocked ? is this your first time ? your account says it all , you are really a newbie . i wouldnt blame you but its also the fault of btc because btc supposed to be verry unstable before but it only became fairly stable this year or last weeks ago to be specific . youl be just fine if your a long term hodler , this is only hard for short term hodler because they dont have the ability to wait any longer in order for the price to recover .

[escrowmycoins]

manipulation cant be unbind with btc  . price dont want to break to 12k for now  . why get shocked ? is this your first time ? your account says it all , you are really a newbie . i wouldnt blame you but its also the fault of btc because btc supposed to be verry unstable before but it only became fairly stable this year or last weeks ago to be specific . youl be just fine if your a long term hodler , this is only hard for short term hodler because they dont have the ability to wait any longer in order for the price to recover .

I do know that, and this is just a new account for my upcoming startup escrow service. I was just wondering what is the cause behind the recent price drop, there's a Bart Simpson's patterns and it is an obvious sign of manipulation, but there's probably more to it and i apologize for mistakenly basing my question.

 

[Baofeng]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Lol, you just contradict yourself, if you're really a long term holder then why are you affected by the sudden drop of price? I will assume you know that if you don't sell then you are not losing money here, so it seems that you are in a panic mode. Obviously, this is a correction, maybe we can really identify the reason in the next couple of days, but for now it's all speculation as to what the cause of the sudden drop. And again, as I have said, it's not just crypto, stocks and golds also went down, so every market is really affected.

I do realize that, but this drop is not something that you can take your eyes off, was just wondering what happened or any explanation for it.

We can only speculate, it's hard to pinpoint what the exact reason why there is a sudden drop, there are articles saying that it was due to miners selling off? I really don't understand why would they do that, but the most logical choice is that some large investors decided to cash out, cause panic. Seems that the price has stop, so correction is at $10500. So another demand accumulation stage, starting next week Monday.

[exstasie]

Price rise: adoption!
Price drop: manipulation!

It's even sillier than that.

When the price drops, bulls scream manipulation. When the price rises, bears scream manipulation.

For years, it was the Mt Gox Willy Bot. Then it was (and still is) the Tether Printer. When Tether is finally dead and gone, I wonder what explanation the bears will cook up.

Is it manipulation? or just not breaking the resistance of 12K Area?

Just failing at resistance. As I often like to say, bull markets don't go up in straight lines.

I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Shocked by a $2,000 drop, really? You better grow some mettle. That's nothing! Imagine how holders felt in March.

Anyway, I think it's just a correction:

My theory is the March-August rally is Wave 1 of a larger bullish impulse. Wave 2 pullbacks can be quite sharp and severe. A 61.8% retrace to the low $7,000s would be pretty typical. However, I would first expect a sizable bounce off the $9,000s given all the consolidation there during June-July.

That is not to say Wave 2 must go as far as the 61.8% fib. It could also be a complex, sideways correction that doesn't go below the 38.2% in the $9,000s. We'll have a better idea in a couple weeks as more price action comes in.

[Bitlover10]

I am not much worry about Bitcoin but the price manipulation going on crypto is makes me worried. How new investors and people can trust on them if price manipulation going on this way. 99 percent people lost their everything due to this price manipulation and its manipulate by big exchange and few people who have full control on price movements. Its called decentralized but its totally centralized the way its react.

[danherbias07]

You're a long time hodler. Don't freaking check the price every 5 minutes. 
If you are a trader then do so.

It happens and it is not even too far. Just relax and let your bitcoin rot in your wallet.
Soon, you might be surprised like a lot of holder did 3 years ago.

[CryptopreneurBrainboss]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I won't say this a price manipulation although that's what most of you are thinking's and wanting to hear too. The decline just has to be a healthy price corrections since the price has been dropping slowing within the pass 3-5 days. Infact this week hasn't been positive in regards to the price of all the coins. Manipulation can easily be observe like when the price of bitcoin falls suddenly and rises back, that's what I'll call a manipulate.

We don't expect the market to be ever green, some reds has to occur at some point and the best way to avoid falling victims is to be scared when everyone else is greedy. When the profits are coming if you know you won't have the patience to hold through the tough times, don't forget to take profit.

[wiss19]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

What’s wrong with Bitcoin?   I don’t see anything wrong with Bitcoin, it’s simply doing it’s meant to do, the price will always be going up and down, that’s why it’s called a volatile market and not stable. I know for sure that before you even invested in Bitcoin you already knew that it was volatile like this and price can swing to any direction at anytime like it’s doing right now, so why are you still surprised that it is happening?

If people can take the profit, they should also be ready to take the loss. Try to have patience and everything will get back to normal, just relax. If you sell your coin now, you can still wake up tomorrow and the price is going back up and you will start regretting why you sold your coins.

[justdimin]

These are regular movements of bitcoin that we haven't seen in a while, people are always used to seeing bitcoin around the same levels if it stays there for a long time, but this is the real volatile part of bitcoin. It stays around the same levels for months and after that one day it suddenly goes up or down a lot, that is how crypto works.

This is the down part, and I know it is sad but do not really look for something special for this, it just dropped and it does it time to time. In any case, I would say that bitcoin is not doing as bad as people think it is doing, it is actually quite good that it dropped, right now it is not really all that bad, it just dropped a tiny bit and has room for improvement, I would say best case would be to wait around until it gets better.

[tbterryboy]

I guess all of these latest increases in bitcoin has finally caught up with us, there is no way that bitcoin could ever be this low without people giving up on it. I am assuming the reason why people gave up on it is the fact that we couldn't go up. We have tried to go above $12k for a long time and in the end we failed over and over again so eventually buyers turned to sellers because they couldn't make more profit when they bought so they gave up.

Moreover, there was a lot of money coming into bitcoin and then going to other stuff like DeFi or whatever and when that hype died down we have went down in the money coming in and we have increased the money coming out as well. In short if you do not make people money they are not going to be supporting you long term.

[pixie85]

Its a clear manipulation, however this happening on bitcoins price is an opportunity to buy bitcoin and some of the alts which was affected thier price on sudden bitcoin price drop.

You're joking, right? Stocks have dropped, we had a head and shoulders pattern on the charts that usually suggests a drop, we held a really good level of 11000 for 2 months and the price couldn't hold 12000 after many attempts.

There's nothing wrong with a red candle especially in an asset that is being produced every day by miners. They were holding in August because there was a chance of a pump but can't hold. THey have bills to pay.

It's not the end of Bitcoin.

[Mahanton]

Its a clear manipulation, however this happening on bitcoins price is an opportunity to buy bitcoin and some of the alts which was affected thier price on sudden bitcoin price drop.

You're joking, right? Stocks have dropped, we had a head and shoulders pattern on the charts that usually suggests a drop, we held a really good level of 11000 for 2 months and the price couldn't hold 12000 after many attempts.

There's nothing wrong with a red candle especially in an asset that is being produced every day by miners. They were holding in August because there was a chance of a pump but can't hold. THey have bills to pay.

It's not the end of Bitcoin.

Get used to it and these kind of words would really come out when bitcoins price had decreased or shall we say that it had corrected.There are indeed TA's that do shows off the possibility and lucky
for those people who do make action into that head and shoulder pattern.Im not saying its suggested but all kind of analysis neither would be effective or not.It do vary on a trader
if he do follow those signals or not.We indeed hold 11k levels for several months and trying out to break 12k for several time but it did failed and now the price had plummet down to 10k
but doesnt mean that this is the end of the world which is a common line for those who do still have doubts towards bitcoin.

[Botnake]

I guess all of these latest increases in bitcoin has finally caught up with us, there is no way that bitcoin could ever be this low without people giving up on it. I am assuming the reason why people gave up on it is the fact that we couldn't go up. We have tried to go above $12k for a long time and in the end we failed over and over again so eventually buyers turned to sellers because they couldn't make more profit when they bought so they gave up.

That could be the reason, but maybe in time, bitcoin will start breaking $12k and pump to a higher region.

As per this exchange, https://www.bitfinex.com/t/BTC:USD?refcode=H70YTMupQ.. bitcoin price already went down below $10k in the last 24 hours, so it could be a sign that we are going bearish again, but on the other hand, it's also possible that we will pump from this low price.

Moreover, there was a lot of money coming into bitcoin and then going to other stuff like DeFi or whatever and when that hype died down we have went down in the money coming in and we have increased the money coming out as well. In short if you do not make people money they are not going to be supporting you long term.

The hype is big for DeFi projects, but the word hype itself would result to overvalued price, and that hype will cool down soon.
However, for long term view, people have different perception, so it's hard to judge that as I myself is not even sure if the project I have invested will give a positive ROI.

[btc_angela]

There is an article at the end of July here:

Bitcoin CME Gaps – Why Are BTC CME Gaps Important?

That was end of July and the author are speculating that the price will go down because the CME gaps need to be filled out.

And now the picture are clear:

Bitcoin seems poised to fill CME gap at $9,600, but how likely would it be?

Bitcoin price pullback below $10,000 is likely to be filling the CME gap.
Some technical levels could invalidate the bearish outlook.
Bitcoin price drop to $9,600 could pull other major digital assets downwards, including Ethereum and Ripple.

So everything makes sense now and probably this is the main reason why BTC went on a downward spiral after pushing it again to $12k, clever manipulation by whales

[grizmoblust]

I guess all of these latest increases in bitcoin has finally caught up with us, there is no way that bitcoin could ever be this low without people giving up on it. I am assuming the reason why people gave up on it is the fact that we couldn't go up. We have tried to go above $12k for a long time and in the end we failed over and over again so eventually buyers turned to sellers because they couldn't make more profit when they bought so they gave up.

Moreover, there was a lot of money coming into bitcoin and then going to other stuff like DeFi or whatever and when that hype died down we have went down in the money coming in and we have increased the money coming out as well. In short if you do not make people money they are not going to be supporting you long term.

Now the market is like a bubble that can explode at any moment and investors now really only care about profit when choosing an investment. The value of Bitcoin determines all of this market but I am sure there will be plenty more corrections coming soon over the next few days. In addition, DeFi projects are falling rapidly and a lot of investors have lost large sums of money after just one day.

[Janation]

I guess all of these latest increases in bitcoin has finally caught up with us, there is no way that bitcoin could ever be this low without people giving up on it. I am assuming the reason why people gave up on it is the fact that we couldn't go up. We have tried to go above $12k for a long time and in the end we failed over and over again so eventually buyers turned to sellers because they couldn't make more profit when they bought so they gave up.

Moreover, there was a lot of money coming into bitcoin and then going to other stuff like DeFi or whatever and when that hype died down we have went down in the money coming in and we have increased the money coming out as well. In short if you do not make people money they are not going to be supporting you long term.

Now the market is like a bubble that can explode at any moment and investors now really only care about profit when choosing an investment. The value of Bitcoin determines all of this market but I am sure there will be plenty more corrections coming soon over the next few days. In addition, DeFi projects are falling rapidly and a lot of investors have lost large sums of money after just one day.

Obviously a lot of people wanted a profit here but I don't think it is a bubble.

Bitcoin is volatile, and I don't think this is a correction either since we are staying at $11K for a while. As you said that a lot of people lost large sums in just one day, tomorrow or the day tomorrow the opposite might happen, that is how the market moves. You didn't know how it will change, all we know if the price fell you either reinvest or just hold.

[$crypto$]

I guess all of these latest increases in bitcoin has finally caught up with us, there is no way that bitcoin could ever be this low without people giving up on it. I am assuming the reason why people gave up on it is the fact that we couldn't go up. We have tried to go above $12k for a long time and in the end we failed over and over again so eventually buyers turned to sellers because they couldn't make more profit when they bought so they gave up.

That could be the reason, but maybe in time, bitcoin will start breaking $12k and pump to a higher region.

As per this exchange, https://www.bitfinex.com/t/BTC:USD?refcode=H70YTMupQ.. bitcoin price already went down below $10k in the last 24 hours, so it could be a sign that we are going bearish again, but on the other hand, it's also possible that we will pump from this low price.

If it goes bearish of course it might be because the market is in a heavy dump right now and will it continue below the 10k bearish market? recovery now seems like it will be difficult to see things like this a lot of news continues to speculate about the price of bitcoin, but nothing is certain, but the point remains for investors not to panic when seeing their portfolios sometimes there could also be their mistake to sell urgently.

[Shasha80]

Everyone must be surprised by the current drop in Bitcoin price, but there's no need to panic. Since the decline in Bitcoin is natural,
the number of holders who sell Bitcoin for take profit is sure to make Bitcon's price go down. But won't get Bitcoin to drop below $ 9000,
because the price of Bitcoin support at $ 10,200 is very strong. So the probability that if it works down again is likely only up to the
price of $ 9500, after that the Bitcoin price will return to pump.

[nasipadang]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Keep calm, as long-term holding, price drop is a common thing, long-term holding gives full trust to bitcoin. From some news maybe because of the problems that happened to the bithumb exchanger in south korea and maybe also a little wild thinking on the manipulation. Instead of thinking about this reduction for what it is, it would be better to think about what we are going to do in the current market. The red market is a condition that is very much awaited by users to buy at low prices, but why are all the topics talking about the decline and they are panicking about present condiition.

[cheezcarls]

It has been asked so many times already during Bitcoin's price downfall. It's like "Bitcoin is dead", but resurrected once again. I don't mind about Bitcoin's recent and future price drops if I'm a long-term holder. Corrections like this are just pretty normal, and for sure it'll go back up anytime without warning.

The cryptocurrency market is so highly unpredictable and volatile. We may not know when it'll go up or down, as these analysts cannot guarantee about the exact dates and times of these price movements. They may only know the chart patterns, candlesticks, etc., but these dates and times aren't accurate at all, so we always have to be ready to expect the unexpected.

[aceboy44]

2 - 3 weeks ago I purchase 2.3 BTC (my first time investing in bitcoin.)

Now seeing the price going way lower than reasonable rate (I'm even reading youtube comments they expect BTC to drop as low as 6K) I decided not to take any chance and sell off all my bitcoins now.

I still have ETH and NEO in my portfolio (and considering selling those two.)

It's a shame after such a huge investment (and paying high fees in buying/selling coins plus buying ledger nano X) my loses are over $5k (all this within a month.)

I was planning on holding BTC for 10 years but since the price dropped so much, and rumors speculating further drop to $ 6k I'm leaving this dirty business for good.

The cryptocurrency world just lost a serious investor (and I don't believe that I'm in this boat alone.)

It was all a scam from the beginning. I should have seen this coming.

[Kamilaz]

Honestly, that's the most exciting part about bitcoin for me. When the value goes down, you try to pack as much bitcoin as possible in your wallet (in hopes that the value goes up again, which it obviously would at some point in the future).

[NeuroticFish]

~

You are far from a serious investor. You were hoping for some quick bucks.
A serious investor doesn't invest all in one step, he knows that investing smaller amounts over longer period of time minimizes the chances to "get burned" (at least for short period).
A serious investor knows that every investment is risky and crypto is even riskier.
A serious investor knows that Bitcoin price fluctuates a lot.
A serious investor knows that altcoins are even riskier than Bitcoin.
A serious investor will not try to somehow try to make the community responsible for his actions.

[BitcoinHunt3r]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I think wait for longer time wouldn't affect for long term holder. I mean maybe see a lot of responses from people, if you really long term holder, maybe wouldn't ask and worry about your investment because long term holder will keep wait until they think their investment is gain a profit. But that is only my opinion.

[justdimin]

2 - 3 weeks ago I purchase 2.3 BTC (my first time investing in bitcoin.)

Now seeing the price going way lower than reasonable rate (I'm even reading youtube comments they expect BTC to drop as low as 6K) I decided not to take any chance and sell off all my bitcoins now.

I still have ETH and NEO in my portfolio (and considering selling those two.)

It's a shame after such a huge investment (and paying high fees in buying/selling coins plus buying ledger nano X) my loses are over $5k (all this within a month.)

I was planning on holding BTC for 10 years but since the price dropped so much, and rumors speculating further drop to $ 6k I'm leaving this dirty business for good.

The cryptocurrency world just lost a serious investor (and I don't believe that I'm in this boat alone.)

It was all a scam from the beginning. I should have seen this coming.

Unfortunately you did buy at a very wrong moment but by selling you did even more wrong.
Bitcoin is not something that constantly goes down, it is definitely not something that stays at one place neither.

Yes, you bought bitcoin maybe at 11k but that doesn't mean that it will never be over 11k again, it would go higher than 11k and it would even make you an insane profit one day, that is a fact. Sure maybe price will go under 6k who knows? But even when bitcoin is under 6k that doesn't mean that price will not be over 11k one day, it was under 6k just a few months ago and it was over 12k a month ago, as you can see that happens.

This is why buying at high level like you did is wrong, but selling when it goes down is even more wrong, you didn't fix the issue itself.

[bakasabo]

I think there are probably two reasons that did not start a price drop, but somehow stimulated it. First one is the fact that police raided Bithumb, second is dump of Hotdog token on uniswap (token tried to copy result of Sushiswap). According to these, lots of people either lost lots of money, or withdraw them to other exchange or into fiat (FOMO). And this is like an avalanche, started from little and impact increased to enormous size.

[aceboy44]

Unfortunately you did buy at a very wrong moment but by selling you did even more wrong.
Bitcoin is not something that constantly goes down, it is definitely not something that stays at one place neither.

Yes, you bought bitcoin maybe at 11k but that doesn't mean that it will never be over 11k again, it would go higher than 11k and it would even make you an insane profit one day, that is a fact. Sure maybe price will go under 6k who knows? But even when bitcoin is under 6k that doesn't mean that price will not be over 11k one day, it was under 6k just a few months ago and it was over 12k a month ago, as you can see that happens.

This is why buying at high level like you did is wrong, but selling when it goes down is even more wrong, you didn't fix the issue itself.

Checking the market on a daily basis to see when is the right time to sell (which obviously will not turn me into a millionaire after the crash) is an unnecessary headache for me. I was willing to keep my 2.25 BTC and 6 ETH if the BTC price stayed above $9,500 but seeing it even went lower than that has caused me to distrust it. The headache itself is not worth it (not to mention many people claiming that bitcoin will soon fall and die one day!)

Can I sell my Ledger Nano X? Or should I just trash it?

Nevertheless, I have to admit that it was a hell of an experience for me (despite that big fat $6k+ loss). Time for me to consider stocks now

[qory]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

There's no manipulation going on for those users who are here before or been in markets for several years that this always happen bullish and bearish it's all normal. Well if you are a long term holder then there's nothing to worry about just come back and sell your coins once it increases again.

[Fredomago]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I think wait for longer time wouldn't affect for long term holder. I mean maybe see a lot of responses from people, if you really long term holder, maybe wouldn't ask and worry about your investment because long term holder will keep wait until they think their investment is gain a profit. But that is only my opinion.

And being a long term holder gives you the idea of keep buying those cheap coins as the opportunities to sell it in a much better price bring more decent profits right.
Thinking about the current downfall. there are always factors that affects the behaviors of the market
and part of that are the whales who are really good in making situations, be precise with your chosen
strategy, if you are aiming to hold long then keep it that way.

[rexxarofmoknathal]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I think wait for longer time wouldn't affect for long term holder. I mean maybe see a lot of responses from people, if you really long term holder, maybe wouldn't ask and worry about your investment because long term holder will keep wait until they think their investment is gain a profit. But that is only my opinion.

And being a long term holder gives you the idea of keep buying those cheap coins as the opportunities to sell it in a much better price bring more decent profits right.
Thinking about the current downfall. there are always factors that affects the behaviors of the market
and part of that are the whales who are really good in making situations, be precise with your chosen
strategy, if you are aiming to hold long then keep it that way.

What's happening to BTC right now is the question that goes through most of our minds! Some think it is just the normal correction and dare I mention that some speculate this is the new contraction for BTC and crypto alike.

Myself, tend to be more optimistic and think that this is a normal market response given the previous slow inflation. It is annoying as a long term holder but as @Fredomago suggests this might just be the best time for people looking for long-term crypto investment. So seise the opportunity while you can!

[milewilda]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

I think wait for longer time wouldn't affect for long term holder. I mean maybe see a lot of responses from people, if you really long term holder, maybe wouldn't ask and worry about your investment because long term holder will keep wait until they think their investment is gain a profit. But that is only my opinion.

And being a long term holder gives you the idea of keep buying those cheap coins as the opportunities to sell it in a much better price bring more decent profits right.
Thinking about the current downfall. there are always factors that affects the behaviors of the market
and part of that are the whales who are really good in making situations, be precise with your chosen
strategy, if you are aiming to hold long then keep it that way.

What's happening to BTC right now is the question that goes through most of our minds! Some think it is just the normal correction and dare I mention that some speculate this is the new contraction for BTC and crypto alike.

Myself, tend to be more optimistic and think that this is a normal market response given the previous slow inflation. It is annoying as a long term holder but as @Fredomago suggests this might just be the best time for people looking for long-term crypto investment. So seise the opportunity while you can!

Getting annoyed on time like these is just normal yet it do really give out always a bad vibe when we do saw the market is having a correction into its price.We do like to see a bullish market but we know that market doesnt work or having that kind of characteristics.There would always be a sell off someone bags and when you are in this market for a while now then seeing these circumstances wont already give you any surprise
since it can happen from time to time without even knowing the true reason behind it.This is why we do see several opinions and pointing out some news or events that might be correlated on such movement
but actually theres no precise thing when it comes to that. Price can move into a very unpredictable manner this is why as an investor seeing these low prices will really be an opportunity
for you to take.

[wiss19]

I don’t want to believe that you’re still new to this, don’t you know that the decreased? Let’s stop talking about all these manipulation of a thing, the price simply went down.

Weren’t you here 2017/2018 when the price of Bitcoin reached $20,000 and plummeted from there? The price even fell to $3,000 after it fell, so the decrease that we are seeing today is less compared to that one. It would be best if you’re going to look for other means that you can be using to earn income no matter where the market is heading. If you’re just relying on simple Hodl, be ready to calm down and wait.

[Mahdirakib]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

You should take it normally. As a long term holder you might face those price drop issue most often. Four years ago I have also got shock like you by the sudden change behaviour of bitcoin price, cause I was new to crypto world that time. Now I don't get surprised by those price change anymore. But as an investor I also want to see bitcoin price rising.

[Janation]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

You should take it normally. As a long term holder you might face those price drop issue most often. Four years ago I have also got shock like you by the sudden change behaviour of bitcoin price, cause I was new to crypto world that time. Now I don't get surprised by those price change anymore. But as an investor I also want to see bitcoin price rising.

That is just right.

And instead of overthinking what is happening, try to blend what other investors are doing, reinvest. If you can't reinvest, try to be calm and just keep on holding. This market is not for those people who have weak hands, you should always remember that. If the price drop, keep on holding, if the price pumped, try to earn something.

[Cryptoababe]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

In my mind. Nothing is happening to bitcoin. The market is smarter now and there are a lot of traders. The wales are really correcting the price or btc. And this  just a correction and bitcoin is once worse in dropping than this.

[dg2010]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

In my mind. Nothing is happening to bitcoin. The market is smarter now and there are a lot of traders. The wales are really correcting the price or btc. And this  just a correction and bitcoin is once worse in dropping than this.

Bitcoin has remained stable so far for the past few months and I expect the coin to rise again soon. The time of October will be the time when this coin increases in price very strongly and you will surely make a lot of profits if you have a reasonable investment strategy. One more thing, investor sentiment is very good right now and this will make our investment more and more reassuring.

[tvplus006]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Bitcoin cannot constantly grow in price. What we are seeing now is really a correction, but no one can say exactly how deep it will be. All of us are waiting for the price above $12000, just as at the level of 9000 we were waiting for the price to break 10200. You need to stock up on popcorn so that the expectations are not so boring)

[beerlover]

Things do happen in bitcoin world that you can't explain, it is something that people have to get used to, there is really nothing you can do about it which is why I believe best way is to just agree and move on and assume what could happen in the future.

For example, I realized bitcoin price is $10k now and that is enough, there is no need to drop any further so I realized this and started moving around knowing bitcoin will go up again, which it did and broke over $10.5k last night, so as you can see do not dwell on what happened, just focus on what could happen in the future, because what happened could never make you new profit, but what could happen could mean a lot more profit for you. That is what traders should realize, future is the profit, past is nothing anymore, what is done is done.

[FontSeli]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Bitcoin cannot constantly grow in price. What we are seeing now is really a correction, but no one can say exactly how deep it will be. All of us are waiting for the price above $12000, just as at the level of 9000 we were waiting for the price to break 10200. You need to stock up on popcorn so that the expectations are not so boring)

Now everyone will play with DeFi projects. Someone will earn money, someone will lose, and in the end everyone will understand that this is another soap bubble. And as soon as it is clear that the bubble will burst soon, the money will flow into the most secure asset on the crypto market, which has been Bitcoin for a long time.

[Kelvinid]

Now everyone will play with DeFi projects. Someone will earn money, someone will lose, and in the end everyone will understand that this is another soap bubble. And as soon as it is clear that the bubble will burst soon, the money will flow into the most secure asset on the crypto market, which has been Bitcoin for a long time.

It hopes that they will realize it earlier and so they'll never find it totally regretable.

People are expecting more for these Defi projects. Hypes are still consistent for a few weeks but I'd never seen this as a huge consideration that we liked to forget the risk. It is riskier than what we think this time as obviously most of these projects are worthless.

[FontSeli]

Now everyone will play with DeFi projects. Someone will earn money, someone will lose, and in the end everyone will understand that this is another soap bubble. And as soon as it is clear that the bubble will burst soon, the money will flow into the most secure asset on the crypto market, which has been Bitcoin for a long time.

It hopes that they will realize it earlier and so they'll never find it totally regretable.

People are expecting more for these Defi projects. Hypes are still consistent for a few weeks but I'd never seen this as a huge consideration that we liked to forget the risk. It is riskier than what we think this time as obviously most of these projects are worthless.

It's normal that people want to make money. On new projects, you can catch a profit much more than storing Bitcoin. However, it is worth remembering that with the chances to earn a lot, you get the same chances to lose everything.

[Kasabus]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Bitcoin cannot constantly grow in price. What we are seeing now is really a correction, but no one can say exactly how deep it will be. All of us are waiting for the price above $12000, just as at the level of 9000 we were waiting for the price to break 10200. You need to stock up on popcorn so that the expectations are not so boring)

Well if you are a long time hodler, you won't get surprised or shocked with its current price dropdown. Bitcoin won't always stay on top, so it will surely go down its price and then up again. If this is just a correction, then this will not happen for long. Price will surely rise up again and those who have keep hodling bitcoin with patience and confidence will eventually make huge gains in the long run.

[jossiel]

In my mind. Nothing is happening to bitcoin. The market is smarter now and there are a lot of traders. The wales are really correcting the price or btc. And this  just a correction and bitcoin is once worse in dropping than this.

And a long term holder won't mind looking to the price action of bitcoin. There is too much to worry if you're jumping from one conclusion to another conclusion then your sole purpose is being a long term holder.

The surprise of a market correction for someone who says he's a long term holder is also surprising. You need to recheck yourself if you really like to be a long term holder or not.

[Saisher]

I don’t want to believe that you’re still new to this, don’t you know that the decreased? Let’s stop talking about all these manipulation of a thing, the price simply went down.

Weren’t you here 2017/2018 when the price of Bitcoin reached $20,000 and plummeted from there? The price even fell to $3,000 after it fell, so the decrease that we are seeing today is less compared to that one. It would be best if you’re going to look for other means that you can be using to earn income no matter where the market is heading. If you’re just relying on simple Hodl, be ready to calm down and wait.

Our best consolation and our best motivation to stay is the history, when I see the market dropping all I have to do is just go back and look back on all those years that Bitcoin was still struggling and yet managed to hit an all time high.

We are better now , adoption popularity and market volume, I always believe that we are moving to the right direction and whatever happen even if there are drops we are still going to survive and the market will break many all time highs.

[Kong Hey Pakboy]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Everyone was really shocked about the sudden drop of bitcoin's price from $11,000 because some miners already sold their holdings. It is also normal for bitcoin to make this kind of sudden decrease or increase to its price due to its volatility, that is why it is hard to predict bitcoin's price. Also, if you are a long-term holder you shouldn't be worried because you should take this as an opportunity to buy more bitcoins to earn more profit in a long-term.

[wiss19]

Price rise: adoption!
Price drop: manipulation!

Lol, that pretty much sums it up for them! When there is a price rise they will all be jumping around the forum and saying there is adoption, but when there is a little decrease they will all start crying that there is manipulation lolzzz. The thing is that a lot of people want the price to be going up steady, I would blame them, their mind is steady on the big profit they are supposed. That’s why when I see them talking about crypto adoption, I just laugh and pass.

None of them are ready to adopt cryptocurrency, they just want to make money lol, and they forget that there are risks involved, that the price is meant to go up and down.

[wxa7115]

Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

It seems that the 10,000 dollars level has sustained itself very well which is without a doubt a good thing, however I'm not going to deny that I am a little bit worried, the massive movement that we have seen since March is without a doubt very important but since then the altcoins have been the ones to push the market forward and that is worrying because as we know altcoins have a tendency to be very unstable and to crash really quickly.

And now that scammers are taking over DeFi it seems to me that we are going to see more and more scams and that is never good for any market and eventually we could see another reduction in the price because of it.

[Viscore]

I'm not seeing this as manipulation and never saw there is a said manipulation coming around. Whales? No, they didn't make such thing by now. All the changes that we have today have found it normal, in fact, if we base on the market volume you'll found that it was increasing, people are adopting Bitcoin this time but somehow they are more interested into investing hyped projects and leave Bitcoin (for a while) cause its declining sentiment. It gives us no worries because they soon come back once done and once this Defi system slows down.

[Bitlover10]

Btc current situation is very unstable. Btc killing every long and short position in trading. But if you looking one month chart still its up. The way its crossed 10k price and reached above 12k its also need some correction. I think btc going in correction. For long term holder no need worry about but in this condition don't tale high leverage and do trading in spot market. That's the best things to do is hold your position in spot.