This is a very fast increase in the price of Bitcoin and that increase occurred only within a few days. So it is now at the hit to keep backward and now the price is $11.274. I've lost quite a lot of money because of the current market corrections. I hope that the market can go back up again.
I will like to ask if you buy Bitcoin above the current price? because you only lose if you sell below your entry price. It is a normal thing in this market and the pump that happens for the past few days will not be sustained and the market has to return to its price pattern that started in February. It will resume its upwards movement once the traders take profit from the recent gained. 
Topic: any reason for this biggest drop? - page 5. (Read 917 times)
It's not surprise to have some big drop like this because some other investors can't wait for the price to go up even more so they sold their Coins as soon as it rises up to nearly 13K$. but sometimes when we have a fall like this it goes up again and mostly higher from what has been dropped just like last month's 8k down to 7k.
This is a very fast increase in the price of Bitcoin and that increase occurred only within a few days. So it is now at the hit to keep backward and now the price is $11.274. I've lost quite a lot of money because of the current market corrections. I hope that the market can go back up again.
Don't be bothered worry about that quick and fast drops its normal because of volality, we should know it after we enjoy the fastest amazing price pump we also to be always ready for possible price drops.
But I think is normal movement of bitcoin better to relax and don't panic after that drops correction possible price react to hit 15,000$😀😀😀
But I think is normal movement of bitcoin better to relax and don't panic after that drops correction possible price react to hit 15,000$😀😀😀
We are wondering why it goes like this unexpectedly but we are all aware of how this thing possibly happens again. Yeah, it's a little worrying if it drops down hard just like it happened last 2017 and take a pause.
Let see how it change the course in a few hours from now if this is just a simple dump or going down deeply.
Let see how it change the course in a few hours from now if this is just a simple dump or going down deeply.
The same thing happened in 2017. A similar thing happened in 2014, although Mt. Gox had a hand in that debacle. Right now I just think there's too many people with too much money getting in and buying. IMO now is not a good time to be buying bitcoin. I'm just going to wait and see what happens.
The market situation are similar like in the past and the price was moving higher without any breaks breaking every resistance and it looks like the market was looking for some major news for the correction and that happened in the form of coinbase having issues with their site. @OP this is not the biggest drop in price for bitcoin, if you check the historical price data you might understand it.
The logic is we went up so quick so don't think that it will stay like that forever. There's also another reason and it might due to Coinbase's recent issue.
https://cointelegraph.com/news/bitcoin-falls-by-1-400-after-crash-of-major-crypto-exchange-coinbase
https://www.coindesk.com/coinbase-hit-with-outage-as-bitcoin-price-drops-1-8k-in-15-minutes
https://cointelegraph.com/news/bitcoin-falls-by-1-400-after-crash-of-major-crypto-exchange-coinbase
https://www.coindesk.com/coinbase-hit-with-outage-as-bitcoin-price-drops-1-8k-in-15-minutes
Yeah, it's a correction--or a dip. This is exactly what happens when any given market rises too high, too fast. I have not been following crypto for the past week and was actually very surprised that bitcoin hit $10k--and then I heard it touched $13k! The $13k level at least is unsustainable for now, and it indicates to me that there are a LOT of speculators in the market right now, and they're blowing bitcoin up past the point of rationality.
The same thing happened in 2017. A similar thing happened in 2014, although Mt. Gox had a hand in that debacle. Right now I just think there's too many people with too much money getting in and buying. IMO now is not a good time to be buying bitcoin. I'm just going to wait and see what happens.
The same thing happened in 2017. A similar thing happened in 2014, although Mt. Gox had a hand in that debacle. Right now I just think there's too many people with too much money getting in and buying. IMO now is not a good time to be buying bitcoin. I'm just going to wait and see what happens.
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