What the heck is happening to bitcoin!

[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.

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[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.