What the heck is happening to bitcoin!

[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.