BTC price dropped 25%; Should we be worried? - page 2.

HeRetiK

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Quote from: Joyeeta on December 21, 2017, 11:54:36 PM

BTC price have dropped 25% of it's all time highest. Currently at below 15k. What do you think is causing it to drop. Is it gonna drop more? Is there anything to be worried?

The BTC price simply got way ahead of itself.

The growth of the last few months was pretty nice and stable. It was only after breaking through USD 10,000,- that BTC went full on crazy. Ever since we broke this barrier, the price has been incredibly unstable, so of course a correction was due. Accordingly a new bottom has to be established. Hopefully above USD 10,000,- otherwise things might get ugly.

Keep in mind that the fundamentals haven't changed -- BTC is still BTC -- it's just the price that is fluctuating. If you're convinced of BTC's long term viability, short term price drops such as this pne shouldn't worry you.

nc50lc

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I saw the title, then remembered this:
https://bitcointalksearch.org/topic/send-crypto-people-tulips-when-the-bubble-bursts-2610191

Did anyone already received a Tulip?

It's the right opportunity to buy cheap BTC before Lightning Network implementation.

Yakamoto

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Quote from: Joyeeta on December 21, 2017, 11:54:36 PM

BTC price have dropped 25% of it's all time highest. Currently at below 15k. What do you think is causing it to drop. Is it gonna drop more? Is there anything to be worried?

I wouldn't worry about it if I were you, considering that the price of Bitcoin since the beginning of the year was up something insane like 1000%, and it still is pretty close to that metric if I remember correctly, there would be no issues with me personally if I had been holding for that long. However, one big thing that a lot of people probably did was buy into the hype and because of that there are a lot of different things that could happen to individuals. I would say it all depends on your personal situation, and try predicting a bottom if we haven't hit it already. I suspect that most people didn't buy at the peak but there are also a lot of casual investors who would have invested into Bitcoin at that price themselves. Might be an increasingly bad situation for those people.

aftab.436

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Quote from: NightCloudz07 on December 22, 2017, 12:18:02 AM

Quote from: Joyeeta on December 21, 2017, 11:54:36 PM

BTC price have dropped 25% of it's all time highest. Currently at below 15k. What do you think is causing it to drop. Is it gonna drop more? Is there anything to be worried?

theirs nothing to worry about that because if bitcoin can drop at that 25% also it can increase at the higher just only thing to do is to wait or think always possitive to the the best for bitcoin. alwqys understand that sometimes we win sometimes we learn from bitcoin.

yes If bitcoin dropped 25% it should be worried for the bitcoin holders, but they should not take it serious , Because the value of the bitcoin will rise soon again it bitcoin will cross the value from where it was fall. And also the value will cross the limit of 20k$ in the start of 2018. So if they hold their bitcoin for a month more then their will be no worry about , their will be benefit for them.

jlanzago

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There is a healthy correction currently happening in the market. Cryptos are very volatile, so it is common to see them drop 25% or more one day, and the same for increases. Having said that, you need to diversify to manage risk.

Restmand

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Quote from: Joyeeta on December 21, 2017, 11:54:36 PM

BTC price have dropped 25% of it's all time highest. Currently at below 15k. What do you think is causing it to drop. Is it gonna drop more? Is there anything to be worried?

Why did you worry if the price is still higher than tha last two-three months ? Do you not happy? It's only okay for me anf i think it is must because if the price is continue to rise it is no thrill and i think sooner it will be gone. It is like the demand and the supply so that the price is dropping low.maybe you know the price of bitcoin in september the price of it if i remember is almost at 3,000$ corrrect me if i'm wrong and then yougot be worried because of the 15,000 just go with the flow and believe in the bitcoin because there's many problem of bitcoin that it overcome

chocolaty

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We shouldn't be. The dump in bitcoin price is expected this last week of December up to first week of January but its case was made worse by the hacking of different exchange sites causing people to panic sell because they think that bitcoin will go down. Despite of the extreme dump, I still believe that bitcoin will recover soon so keep holding and be patient

NightCloudz07

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Quote from: Joyeeta on December 21, 2017, 11:54:36 PM

BTC price have dropped 25% of it's all time highest. Currently at below 15k. What do you think is causing it to drop. Is it gonna drop more? Is there anything to be worried?

theirs nothing to worry about that because if bitcoin can drop at that 25% also it can increase at the higher just only thing to do is to wait or think always possitive to the the best for bitcoin. alwqys understand that sometimes we win sometimes we learn from bitcoin.

boyshx

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On the same day one month ago bitcoin price was $8148, it has crossed $19500 mark on December 17, it has become more than double within thirty days. Now this is end of the year, traders investors all over the world are in festival/spending mood. As a result all marts go down every year. This is not new, it happens every year. Traders or investors of bitcoin are making profit booking that is why bitcoin is sleeping below $15000 mark. This is not a shock or panic movement, its necessary for the good health of any currency.

UAE Seasider

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This looks like a healthy correction to me, did you think it was just going to continue climbing 5 - 10% every few days? You can also factor in the holiday season, people will want to cash in some profits to FIAT.

pooya87

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Quote from: Joyeeta on December 21, 2017, 11:54:36 PM

BTC price have dropped 25% of it's all time highest. Currently at below 15k. What do you think is causing it to drop. Is it gonna drop more? Is there anything to be worried?

considering it was only $8000 in about a month ago, i'd say you should still be happy you are in a huge profit instead of being worried!
the cause? i believe it is two things, first the fact that price rose a lot in the past few months and also it needed a correction. second is the fact that fees are going higher and higher because bitcoin failed to scale for the time being.
can it drop more? maybe. the FUD is strong these days and the panic sell has just started.

kilojay

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reasons for the drop are bitcoin cash, the ILLEGAL insider trading at conbase and a whole lot of monkey see monkey do with panic sales. Worried? I mean if you have your life savings and rent money in btc maybe but if you were a responsible adulation and didn’t invest more than you can afford to lose just wait it out. Do yourself a favor and dont check the btc charts for a month or two

scout5

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Quote from: mk4 on December 21, 2017, 11:59:43 PM

Not a bit. We've more than tripled in price since last month. 25% is NOTHING. Bitcoin has crashed a lot more than that in the past, and will do the same again and again in the upcoming years. Cryptocurrencies are very volatile, and will continue to do so for a while.

Perfect answer. Remember the Mt.Gox hack? and the Bitfinex hack? Now that's what you call a DROP.

mk4

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Not a bit. We've more than tripled in price since last month. 25% is NOTHING. Bitcoin has crashed a lot more than that in the past, and will do the same again and again in the upcoming years. Cryptocurrencies are very volatile, and will continue to do so for a while.

woffingshire

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Is 25 all time highest? Didn't it drop larger on 2015? Also after the highest raise is kinda expectable such a drop

Joyeeta

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BTC price have dropped 25% of it's all time highest. Currently at below 15k. What do you think is causing it to drop. Is it gonna drop more? Is there anything to be worried?

Topic: BTC price dropped 25%; Should we be worried? - page 2. (Read 387 times)