BTC looses value over 7%

[Republikcoin.com]

It's really normal, just 7% dump is little. The problem lies on the fact that people are leveraging their position in low float altcoin and getting liquidated big time.
The spot buyers continue to hold as if nothing happened because such retracement is just very normal in crypto world. I'm holding BTC right now and my portfolio isn't even really bleeding.

Bitcoin holders won't experience significant losses if the amount isn't that large, but for those holding large amounts, the extent of the losses will certainly be significant, although most Bitcoin holders currently feel safe without excessive panic. However, altcoin holders may have experienced even greater losses even though they were temporarily holding their funds in spot wallets. As for those affected by futures liquidations, they are clearly very frustrated with the current situation, but they must also realize that such a situation is part of the risk they must bear.

[Zackz5000]

Bitcoin is a store of value you can't say Bitcoin lost value, Bitcoin just dip which shouldn't be surprising to us Bitcoin is volatile it will drop in price and also increase, so the present dip should not call for panic even if it doesn't increase as investors may want doesn't still mean it won't increase massively in a long run that's why we should invest for a long time. I already bought at the dip instead of panicking we can accumulate more Bitcoin at dip and it is also an opportunity and an added advantage to stack and accumulate enough Bitcoin even buy aggressively without overly doing it.

[JeffBrad12]

It's really normal, just 7% dump is little. The problem lies on the fact that people are leveraging their position in low float altcoin and getting liquidated big time.
The spot buyers continue to hold as if nothing happened because such retracement is just very normal in crypto world. I'm holding BTC right now and my portfolio isn't even really bleeding.

Bitcoin holders won't experience significant losses if the amount isn't that large, but for those holding large amounts, the extent of the losses will certainly be significant, although most Bitcoin holders currently feel safe without excessive panic. However, altcoin holders may have experienced even greater losses even though they were temporarily holding their funds in spot wallets. As for those affected by futures liquidations, they are clearly very frustrated with the current situation, but they must also realize that such a situation is part of the risk they must bear.

Spot holders can always recoup eventually once market get better, future traders on the other hand losing their money forever.
I think that's the difference why I can chill and not worrying too much about the big dump happened earlier.

Simply because I know my money gonna get back to me eventually, that's the benefit of spot especially with coin like bitcoin where price can recover easy.
I was also getting liquidated on my future position, but my future position only cover around 1-2% and I just couldn't careless knowing I still have my 99%.

[STT]

Leveraged holders will always sell and are scared of BTC which only increases the extremes of the move and its volatility.  It also makes the movements less certain so despite the red sharp move downwards I still see it as short term, it looks violent but its natural volatility.
  Its a good sell now, retracing the entire initial move which had recovered quite soon.   Thats good revision if you believe all moves should checked and double checked or some will take this as weakness.  

BTC now approaches the May high prices, it should be a much stronger area to push through and a proper test to strength of selling vs buyers.   Now below 200 day average and 101k is the 50 week average so I will judge strength relative to this area, I would expect it to orbit around this point for some period.

US dollar is weaker generally and so I dont expect to see a larger BTC sell but also its been doing so well that a sell is fair game. Squeezing out the weak hands and speculative money is from my view healthy normal action and even necessary long term if you really did want those higher prices.

[yhiaali3]

What happened was surprising but not tragic. The surprise was the severity and speed of the drop which occurred within just a few hours. Everyone expected the rise to continue, but suddenly a sharp drop and a massive liquidation occurred surprising everyone.

In any case, Bitcoin quickly recovered and returned to its normal trajectory. This is strong evidence of Bitcoin's ability to overcome the most difficult circumstances, which gives it great confidence as a safe asset.
For me, every drop is a new opportunity to buy and accumulate.

[lizarder]

Bitcoin holders won't experience significant losses if the amount isn't that large, but for those holding large amounts, the extent of the losses will certainly be significant, although most Bitcoin holders currently feel safe without excessive panic. However, altcoin holders may have experienced even greater losses even though they were temporarily holding their funds in spot wallets. As for those affected by futures liquidations, they are clearly very frustrated with the current situation, but they must also realize that such a situation is part of the risk they must bear.

We have to understand the meaning of holding in the right way because its performance is different like the person involved in trading and the person basically when making a holding strategy it is based on a long term concept. In a simpler sense, they are not involved in trading but rather buying to save and conditions like this will not affect the investment losses they experience even though the price of bitcoin falls so far. There's only one thing you need to do, don't panic and don't need to check the price of bitcoin all the time because holders usually have a selling target at a certain price.

It's different when talking about futures trading, in a downturn like this, if they take the wrong approach to entry, they will experience frustration due to the impact of liquidation. Bitcoin holders will always be winners compared to regularly engaging in spot trading as well as futures trading because the risks can be much greater.

[fuguebtc]

In any case, Bitcoin quickly recovered and returned to its normal trajectory. This is strong evidence of Bitcoin's ability to overcome the most difficult circumstances, which gives it great confidence as a safe asset.

Hasn't bitcoin proven that many times in the past? It always recovers and returns to normal orbit even when heavily manipulated and dumped. So it does not need further proof.

But honestly, with what has happened, I feel like bitcoin is still only seen and considered by the world as a speculative asset. They haven't really seen it as a safe haven and that's a bit disappointing.

For me, every drop is a new opportunity to buy and accumulate.

I believe everyone knows this, but the question is how many people are brave enough to buy bitcoin every time it drops. Many people hope the price will drop so they can buy more bitcoins at a discount. But in reality, every time the price drops, they hesitate for fear that the price will drop even further. Ultimately, not many people were able to buy bitcoin below $104k during the recent crash.

[Onyeeze]

In the last 24 hours bitcoin has lost over 7-8 percent of its value and price presently is about $110k recover from the bearish pressure which want as low as $107k, it's quite a surprising move, Although I made a post concerning an expectation of a potential liquidity sweep because of the imbalance of price below, but it ran so low and reasons may be because trump warns China of massive increase in tariffs or whale activities to take out liquidity. But this will defiantly leave investors in panic if it doesn't recover quickly.

this is the basic thing that made some people to portray that bitcoin price is unpredictable and do you cannot depend on the increase size of Bitcoin and the purchase bitcoin at a moment, it is obvious that the price of Bitcoin is not constant and you cannot make it to be increasing because there are a lot of things that determine the increase in the market and also the decrease is in the market, the one of the factors that determines that is demand and supply, when there is a hide demand the market will increase and when there is a Demand The Market with decreases so that is one of the major Factor we have to consider whenever we are purchasing Bitcoin and we should do not believe that the price will continue to increase, the price of Bitcoin decreasing that is what makes the Bitcoin market to be balanced but people don't know what people consider most is the price to be increasing and which is not the method of Bitcoin right from time, the price must fall and also rise for the equation to be balanced.

[henmark]

Lost a lot more than that, wish it was just %7, it lost a lot more. However that is fine, we are not going to really see it stay this level and we are going to end up with a lot more. We just need to make sure that we can grow bigger so that we can earn a lot more. If we can do a lot more by keeping it higher then it's going to be fine.

Holding during this period is vital, if we can hold and basically keep buying at low, then we can make more money and that's going to be a very difficult thing to achieve but won't be impossible to do neither. So focus on what we can do, and we can definitely make a lot more return. For the time being, this is going to take some time but we are going to recover, and get a lot better returns, it's going to do a lot more.

[ScamViruS]

this will defiantly leave investors in panic if it doesn't recover quickly.

Panic is inevitable for beginner investors, as well as for some traders who may recklessly try to chase losses from previous trades. Bitcoin briefly returned to $115k, but today it has fallen back to $110k. In situations like this, traders might be better off waiting for the next movement first. Bitcoin could resume an upward trend, but it could also move into a deeper price decline.

Panic sellers give whales more confidence to accumulate more Bitcoin and prepare for the next uptrend. Bitcoin can correct, that's the nature of the market, but many traders get overly panicked when the market corrects a little. But if they looked at Bitcoin's price historically, they would have realized that when Bitcoin corrects, it prepares for a huge uptrend. So I think the market needs a healthy correction for the next strong uptrend, and that trend will take Bitcoin to a target that these panic sellers have not yet imagined.

[STT]

Ideally the lower price allows those who wish to accumulate Bitcoin another chance, buying at 150k would be alot tougher to do then now.  There is a positive for some with a market full of speculators emptying their pockets because they are in fear of what price does over a weekend, clearly these are not the best holders and cannot be in the long term anyhow.

Sharp moves at the peak prices is less to fear then if BTC price now was to lose 7% in a similar fashion, peak prices are prone to reversals and are not fundamental till tested.
  Its certainly possible for Bitcoin to go through an unpopular period, generally I don't see any especially difficult period ahead but we can only assess as the market progresses in competition with all other assets and the dollar itself.

[Cyber_warrior]

In the last 24 hours bitcoin has lost over 7-8 percent of its value and price presently is about $110k recover from the bearish pressure which want as low as $107k, it's quite a surprising move, Although I made a post concerning an expectation of a potential liquidity sweep because of the imbalance of price below, but it ran so low and reasons may be because trump warns China of massive increase in tariffs or whale activities to take out liquidity. But this will defiantly leave investors in panic if it doesn't recover quickly.

Why do you think investors are going to panic just because of the dump that happened in the market? The only people which I feel that are suppose to panic are just newbies, if you are new to the space, then you are going to panic, I expect that to happen, but if you have been in the space for some time, then the current dip in the market Won’t cause any fear. Real investors are going to be happy right now, because they have opportunity to accumulate more bitcoin at a cheaper price, so you see they have nothing to panic about because they know with time bitcoin is going to bounce back.

Bitcoin price drops by 7-8 percent, don’t be surprise that you going to see some altcoins dump by 30 percent, and when the price is going to recover, bitcoin price is going to recover faster than altcoins.

[Silikiem]

In the last 24 hours bitcoin has lost over 7-8 percent of its value and price presently is about $110k recover from the bearish pressure which want as low as $107k, it's quite a surprising move, Although I made a post concerning an expectation of a potential liquidity sweep because of the imbalance of price below, but it ran so low and reasons may be because trump warns China of massive increase in tariffs or whale activities to take out liquidity. But this will defiantly leave investors in panic if it doesn't recover quickly.

Why do you think investors are going to panic just because of the dump that happened in the market? The only people which I feel that are suppose to panic are just newbies, if you are new to the space, then you are going to panic, I expect that to happen, but if you have been in the space for some time, then the current dip in the market Won’t cause any fear. Real investors are going to be happy right now, because they have opportunity to accumulate more bitcoin at a cheaper price, so you see they have nothing to panic about because they know with time bitcoin is going to bounce back.

Bitcoin price drops by 7-8 percent, don’t be surprise that you going to see some altcoins dump by 30 percent, and when the price is going to recover, bitcoin price is going to recover faster than altcoins.

Not only that the newbies will be the ones panicking over a little downturn in the bitcoin market price, but also those investors who are in for a short quick profit making mindset will be the ones who will mostly panic over a little drop in bitcoin price because it’s no longer going their way as the plan was to buy at a very low price in order to sell for a higher price but in this case now reverse is the case. Those are not investors but traders and I’ll advise they should equally seize the opportunity to accumulate even more and add to their portfolio because one thing is for sure, bitcoin price will continue to increase even though it goes down at a point.

[btc_angela]

this will defiantly leave investors in panic if it doesn't recover quickly.

Panic is inevitable for beginner investors, as well as for some traders who may recklessly try to chase losses from previous trades. Bitcoin briefly returned to $115k, but today it has fallen back to $110k. In situations like this, traders might be better off waiting for the next movement first. Bitcoin could resume an upward trend, but it could also move into a deeper price decline.

Panic sellers give whales more confidence to accumulate more Bitcoin and prepare for the next uptrend. Bitcoin can correct, that's the nature of the market, but many traders get overly panicked when the market corrects a little. But if they looked at Bitcoin's price historically, they would have realized that when Bitcoin corrects, it prepares for a huge uptrend. So I think the market needs a healthy correction for the next strong uptrend, and that trend will take Bitcoin to a target that these panic sellers have not yet imagined.

We are already in a healthy correction, price is at $107k and I think this could be the lowest that we could see in this correction.

But who knows, but we can hold one positive news, that is the fed rate cut coming this month. There are betting sites that says that this is possible. So if that happens then we might see the price going on a good recovery.

So let's see, market might be negative but we just needed that one positive news to turn it around again. And I think this is the one, so hopefully those who bet are right about it.

[ScamViruS]

this will defiantly leave investors in panic if it doesn't recover quickly.

Panic is inevitable for beginner investors, as well as for some traders who may recklessly try to chase losses from previous trades. Bitcoin briefly returned to $115k, but today it has fallen back to $110k. In situations like this, traders might be better off waiting for the next movement first. Bitcoin could resume an upward trend, but it could also move into a deeper price decline.

Panic sellers give whales more confidence to accumulate more Bitcoin and prepare for the next uptrend. Bitcoin can correct, that's the nature of the market, but many traders get overly panicked when the market corrects a little. But if they looked at Bitcoin's price historically, they would have realized that when Bitcoin corrects, it prepares for a huge uptrend. So I think the market needs a healthy correction for the next strong uptrend, and that trend will take Bitcoin to a target that these panic sellers have not yet imagined.

We are already in a healthy correction, price is at $107k and I think this could be the lowest that we could see in this correction.

But who knows, but we can hold one positive news, that is the fed rate cut coming this month. There are betting sites that says that this is possible. So if that happens then we might see the price going on a good recovery.

So let's see, market might be negative but we just needed that one positive news to turn it around again. And I think this is the one, so hopefully those who bet are right about it.

Yeah we saw a healthy correction after reaching a new ATH and that was needed for the next uptrend. But we can't really say for sure which way the market will move in the coming days. Because of the volatility we saw on October 10, it is difficult to say that the market is stable yet. However, institutional investors are buying Bitcoin amid the market correction, which shows that institutional investors are very optimistic about Bitcoin's future uptrend.

So those who are worried about short-term market trends actually panic at the slightest price correction, but big investors, institutional investors always see everything in the big picture.

[bitgolden]

This is not going to be easy but we can handle it one way or another, it is not going to be difficult to recover from this. We have already hit the bottom and started to recover, so it is not going to matter that much so we are not going to end up with seeing anything lower, if the bottom of this period is found, that means we are waiting to get better and higher, which we should be able to do in the following few weeks. I know that people are waiting for even more, but that doesn't mean that it will happen quickly, so we have to learn to wait.

It was over 125k at some point, we are now somewhere around 107k last I checked, which means that going back to 125k will take some time and not going to happen overnight. But we at least know that is our direction.

[yhiaali3]

In any case, Bitcoin quickly recovered and returned to its normal trajectory. This is strong evidence of Bitcoin's ability to overcome the most difficult circumstances, which gives it great confidence as a safe asset.

Hasn't bitcoin proven that many times in the past? It always recovers and returns to normal orbit even when heavily manipulated and dumped. So it does not need further proof.

But honestly, with what has happened, I feel like bitcoin is still only seen and considered by the world as a speculative asset. They haven't really seen it as a safe haven and that's a bit disappointing.

Yes, that's true. Bitcoin has done so many times in the past, and that's given it great confidence as an asset with long-term value growth.

I agree with your frustration, as many people still view Bitcoin as a purely speculative asset for profit. However, it's a safe haven, and many governments have even started holding Bitcoin as a reserve alongside gold.

[Zoomic]

In the last 24 hours bitcoin has lost over 7-8 percent of its value and price presently is about $110k recover from the bearish pressure which want as low as $107k

It was close to almost $100000. It rose back fast, that could be the reason you did not see it.

Nothing new nor surprising about the drop. Simply normal variance.
BTW: This would be an excellent time to BUY!

hodl!

[/quote

When I watch the chart this time around, I am always greeted with fear. Everything keep pointing me all to the bear direction. Honestly, I didn't anticipate this great crash, although it is normal in bitcoin but it happening in Uptober gave me mixed reactions. I had thought that the rest of this year will be green throughout and nor we have been hit hard.
Normally 7 correction was not that much but it happened when not expected at all.

[tabas]

This is not going to be easy but we can handle it one way or another, it is not going to be difficult to recover from this. We have already hit the bottom and started to recover, so it is not going to matter that much so we are not going to end up with seeing anything lower, if the bottom of this period is found, that means we are waiting to get better and higher, which we should be able to do in the following few weeks. I know that people are waiting for even more, but that doesn't mean that it will happen quickly, so we have to learn to wait.

It was over 125k at some point, we are now somewhere around 107k last I checked, which means that going back to 125k will take some time and not going to happen overnight. But we at least know that is our direction.

And it's now moving up again and able to get back to $109k. I think that the correction that has happened this bull run as well when it went down below $80k, that's a harder pill to swallow than this one because we're still above $100k. So, with many that have held for so long, this is still a win for the most of us and if it recovers its way to the top again. That's way better but then, we will see on how much is the peak for all of us.

[yudi09]

In the last 24 hours bitcoin has lost over 7-8 percent of its value and price presently is about $110k recover from the bearish pressure which want as low as $107k, it's quite a surprising move, Although I made a post concerning an expectation of a potential liquidity sweep because of the imbalance of price below, but it ran so low and reasons may be because trump warns China of massive increase in tariffs or whale activities to take out liquidity. But this will defiantly leave investors in panic if it doesn't recover quickly.

It's not a bad thing that prices have fallen by 7%-8%, because this kind of situation is nothing new.
Believe me, there are many who are waiting for such a price drop because it can be used as an opportunity to accumulate more Bitcoin.
Experienced investors won't panic if their goal is long-term, and for experienced investors, this kind of situation is an opportunity, as I said.