why are we asking why?!
this may seem like the biggest drop and be one of a kind but in fact this year we at least had 4 big drops exactly like this right after a big rise exactly like rise to current ATH!
constant rise from $5600 to $19666 = +250%
then major drop from $19666 to $11160 = -43%
constant rise from $2970 to $7888 = +165%
then major drop from $7888 to $5555 = -30%
constant rise from $1800 to $4797 = +166%
from $4979 to $2972 = -40%
constant rise from $891 to $2980 = +234% (ignoring 1 drop here)
from $2980 to $1830 = -39%
it really doesn't need a reason. yeah week hands, FUD and all that are always true. and this is how "corrections" work in bitcoin.
Topic: Deleted - page 2. (Read 409 times)
I prefer hold my funds and not panic. It was already this autumn. Bitcoin dropped from 5,000~ to 2,000~ and increased to ~20,000. Just wait 
Oh, come on kingcolex. You’ve been here long enough to know what’s going on. Major bitcoin holders have run the price up to a unrealistic ridiculously high point. Hype and media attention have helped create a buying frenzy driving the price up. The major holders cash out for a fat stack of fiat so they can buy that island in the Pacific they’ve been drooling over. Then then they stop and let it recover again. Rinse and repeat. I’ve watched this happen 20 or more times since I’ve been here.
This ^^^^^^^^ but it may go below 50% IMO
The price has risen so high in such a short timespan it is guaranteed to crash at some point. This growth simply isn't sustainable. You can't increase something in price by 20x in 1 year and expect it to stay that way forever. At some pint we are going to see a very, very big price correction the likes of which has never been seen before in crypto. Thousands of people are going to lose thousands of dollars - or millions. Some people may commit suicide. This happened in 2013/2014 crashes and there is no reason to think it won't happen again. All the signs point to a massive dump coming very soon, and we all should prepare for it to the best of our abilities before hand.
When people from non technical background start to pour their money than it will just become a playground for whales who know how to manipulate whole market. Addition of bitcoin future allowed those whales to bet against market and use some of their own bitcoin to create fud and dump a little bit, which started a chain reaction of panic selling from all those new investors who don't know how trading works and difference between actual dump/crash and correction.
So as we know we are going through a bit of a dip. Now let's ask why? One we recently saw a lot of money come into bitcoin from outsiders who aren't even standard investors, this means a few things. Not knowing how Bitcoin works, not having strong hands and listening to standard news outlets for information. We all know bitcoin cash crew has taken this as an opportunity to fud and muddy the waters to try and overtake Bitcoin, we have all seen the headlines, bitcoin CEO sells all bitcoins for bitcoin cash and coinbase having insider trading. (By the way why wouldn't the CEO of bitcoin cash already have traded his true bitcoin for bitcoin cash I mean he must believe in his own coin) Norwegian banks warning people making world wide headlines even though they don't understand.
Fud from random people everywhere, it's a side effect of becoming popular.
Just hold and remember for ever coin sold there is a buyer , we are having the lighting network come Q1 2018 and segwit is gaining use.
Fud from random people everywhere, it's a side effect of becoming popular.
Just hold and remember for ever coin sold there is a buyer , we are having the lighting network come Q1 2018 and segwit is gaining use.
The era is just a retracing step for bitcoin and nothing wrong about it I believe. Bitcoin has had an overwhelming run on bullish and it is natural that it "shield off some fats". It will definitely continue its run and is just about holding too as you concluded.
I don't also encourage selling for a long time investor.
Calm ur tits, it will bounce back tomorrow, hodl and watch weak hand people burn
###################### WARNING ABOUT CRYPTOS ########################
The 2008 financial crisis caused 500,000 CANCER DEATHS!!!
(If any doubt, just do your own research).
9/11 WAS ### A JOKE ### IN COMPARISON
Who is mainly RESPONSIBLE FOR THIS CRIME? #### BANKERS ####
Have they been to JAIL? #### NO ####
WHY? JUST THINK.
##### NEVER FORGET THESE INNOCENT 500,000 VICTIMS WHO SUFFERED BEFORE DYING ##### (LIKE SHOAH)
Now, bankers & central banks are afraid to lose their jobs because of cryptos,
so they try to scare governments about:
1) their FIAT currency
2) losing control and power
3) losing taxes revenues
What they currently do is create ARTIFICIAL HUGE VOLATILITY on cryptos (they have enough funds for that).
They want an EXCUSE to "protect" investors.
In reality, they just want to take CONTROL (REGULATIONS OR BAN)
They also SCARE PEOPLE ON SOCIAL MEDIAS, PRESS, OR TV (CNBC for instance).
DO NOT LET THEM F#CK YOU AND YOUR FAMILY ONCE MORE.
WE DON'T NEED ALL THESE MOTHERF#CKERS ANYMORE.
===> ACCEPT CRYPTO PAYMENTS FOR ANYTHING INSTEAD OF FIAT. BUY MORE CRYPTOS. <===
NOW YOU KNOW. PLEASE SPREAD THE WORD. THANKS
The 2008 financial crisis caused 500,000 CANCER DEATHS!!!
(If any doubt, just do your own research).
9/11 WAS ### A JOKE ### IN COMPARISON
Who is mainly RESPONSIBLE FOR THIS CRIME? #### BANKERS ####
Have they been to JAIL? #### NO ####
WHY? JUST THINK.
##### NEVER FORGET THESE INNOCENT 500,000 VICTIMS WHO SUFFERED BEFORE DYING ##### (LIKE SHOAH)
Now, bankers & central banks are afraid to lose their jobs because of cryptos,
so they try to scare governments about:
1) their FIAT currency
2) losing control and power
3) losing taxes revenues
What they currently do is create ARTIFICIAL HUGE VOLATILITY on cryptos (they have enough funds for that).
They want an EXCUSE to "protect" investors.
In reality, they just want to take CONTROL (REGULATIONS OR BAN)
They also SCARE PEOPLE ON SOCIAL MEDIAS, PRESS, OR TV (CNBC for instance).
DO NOT LET THEM F#CK YOU AND YOUR FAMILY ONCE MORE.
WE DON'T NEED ALL THESE MOTHERF#CKERS ANYMORE.
===> ACCEPT CRYPTO PAYMENTS FOR ANYTHING INSTEAD OF FIAT. BUY MORE CRYPTOS. <===
NOW YOU KNOW. PLEASE SPREAD THE WORD. THANKS
Oh, come on kingcolex. You’ve been here long enough to know what’s going on. Major bitcoin holders have run the price up to a unrealistic ridiculously high point. Hype and media attention have helped create a buying frenzy driving the price up. The major holders cash out for a fat stack of fiat so they can buy that island in the Pacific they’ve been drooling over. Then then they stop and let it recover again. Rinse and repeat. I’ve watched this happen 20 or more times since I’ve been here. They can’t let it drop too far or they’ll lose too much profit. I doubt it will go much below 50% of its ath (which would make the recovery time too long for the rinse cycle). Everyone just needs to spot the beginning of a whale dump and jump on the bandwagon. Then buy back at the bottom. That’s what day trading is all about. Fools lose and the rich get richer.
https://www.investopedia.com/articles/trading/06/daytradingretail.asp
https://www.investopedia.com/articles/trading/06/daytradingretail.asp
Sooner or later a large correction has to come, its impossible for Bitcoin price going parabolic all the time, it's just crazy. Today dips are really good for future trades, and it also helps for someone who wants to jump into Bitcoin at the low price.
Just hold and remember for ever coin sold there is a buyer , we are having the lighting network come Q1 2018 and segwit is gaining use.
I doubt this is true, The lightning network has no official ETA. Or you have some reliable sources about this?
It's profit taking. People got in to make some fast money.. Christmas is an expensive time and people need liquidity.
Jan - people want to become rich again and have grand visions for the year.. price will jump again
Jan - people want to become rich again and have grand visions for the year.. price will jump again
.
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