What the heck is happening to bitcoin!

[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.