Reason behind Bitcoin Dip (Crash) - page 2.

jaocoincrypto18

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Quote from: BlockEye on December 22, 2017, 02:47:05 AM

It's basically the Blockchain is flooded by an unconfirmed transaction, This strange thing happened right after some shit news regarding Co-Founder of Bitcoin.com decided to sold his BTC and buy BCH. This is obvious that there is a group behind it that spreading the FUD to dump BTC. This may what they called "Operation Dragon Slayer". But don't worry once they realize that crypto market will be dump as well, They will shitting BTC again. Expect new ATM after this Big crash. Keep on Hodling or Bag some cheap BTC! Grin

I Agree to your opinion, as we have been through of lot of hardship that bitcoin have experienced before like China Ban, Segwits , forks, JP Morgan criticize bitcoin and many price correctionns but in the end i still believed that bitcoin will survive this another struggle and lot of crying babies will regretting again of why they have sell their bitcoin except for the buy low and sell high experts because it is very hard to apply this technique which need the power of luck.

NyLymZbl

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Activity: 210

Merit: 10

I think the reason the present dip because of people who keep on selling to exchange their bitcoin to fiat. It is very well quite expected but basically, the reason of dip isn't known yet. I believe a balance will be when the level of supply meets the level of demand and maintained over a period of time and more people will get into it.

bitPico

newbie

Activity: 35

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Quote from: Aventhe on December 22, 2017, 02:21:43 AM

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

It’s going lower; 19,000 was your profit zone. You will have to bag hodl for however long that is....

heartrodriguez28

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What started out as profit taking for some people, ended up as a sell-off due to fear by new entrants who bought near the peak. Now, it's a chain effect with a strong momentum still.

Harrisonimo

full member

Activity: 490

Merit: 101

Quote from: Aventhe on December 22, 2017, 02:21:43 AM

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

The major reason for the present dip I will go with is the reason of people selling of to get fiat at this festive period. It is very well quite expected but the extent of the dip isn't known yet. I believe a balance will be when the level of supply meets the level of demand and maintained over a period of time. There are quite a handful of person waiting for the dip so as to be able to buy into Bitcoins again and also considering the influx of new adoptors which is increasing too.

Gis15

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At the end of the year is usually often going up and down the price, when bitcoin is down there's nothing wrong we invest our dibitcon and seek profits at the time the price rises

TTITA

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Quote from: Aventhe on December 22, 2017, 02:21:43 AM

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

Almost coins are down, last 24h coinmarketcap.com/coins, volume trading includes Eth, Xrp, BCH, Ltc, Iota and many more was negative down. I'm sure this nothing related with holiday or Christmas coming. But i'm sure this because of the declining bitcoin prices and blockchain network busy for 1 week, many people are worried will getting stuck in same pending transactions. Constraints on bitcoin affect much of this, people starting to lose trust and turn them coins into fiat.

ivrynx

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I am also considering the season we are in now, it is christmas and normally people will not care how much money will they burn, as lon as they can see everybody happy, when we breached 20k usd, the transactions we're already updated though it.has reached that high, there was more congestion, unlike before reaching 17-19k usd. One thing i also see, is an opportunistic approach to increase bitcoin cash, the founder of bitcoin.com, sold his bitcoins in order to increase the value of bitcoin cash, and the news on youbit, a sokor exchange, which the media spread like wildfire.

bitPico

newbie

Activity: 35

Merit: 0

We sold ALLOT for fiat in order to buy physical properties. Seeing almost 2000 percent returns in 365 days leaves little motivation to hodl. A good buy back in (if you care) is 11,000 USD. We won’t be buying back into Bitcoin or any other cryptocurrencies; they all needs time to grow up...

Alpha0One1

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Probably just a cycle since almost every December money is being pulled out of crypto then comes back in on January. Anyway, well see.
I'll just hodl.

marc_a

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Activity: 116

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When the Bitcoin is reaching 20k, everybody is screaming is this too high. Its time for a correction. When it actually is hapening everybody is in panic.
I understand when you got in late, you now lost some money. Most of the peopel are still in the plus. I dont think anybody is really worrying.

momopi

full member

Activity: 501

Merit: 127

Not sure but one that affected is how media present bitcoin and other Cryptocurrencies to the people. After the sudden peak of bitcoin, I noticed that most media release "bubble issue" on bitcoin. That's why those who aren't really familiar with bitcoin withdraw their coins unexpectedly.

soham

sr. member

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Quote from: junoreactor on December 22, 2017, 02:33:22 AM

I don't think it is a correction. I think it is due to the obvious limitations of the coin, victim of its own success. The coin was not prepared for mass adoption (and I say "mass adoption" but it is very far from being the case now, obviously).
Fees (in Bitcoin):
2 years ago, 25 to 30 btc a day
1 year ago, 65 to 80 btc a day,
today, 150 to 210 btc a day, that's around +600 % in 2 years, absolutely shocking. It is way too expensive.

A shame because the concept of Bitcoin is great, but it is technologically limited.

I too agree with your points. The fees has gone up to an insane level which makes conventional banking transactions look good. Bitcoin initially started as a peer to peer decentralised currency system but the fees is taking it out from the main goal of being a currency system. That is the reason why people are preferring other coins like ETH or Ripple to transact funds pushing their price to the next level. The network congestion and higher fees are the reasons of bitcoin's price dip.

grumpygit

newbie

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Quote from: Aventhe on December 22, 2017, 02:21:43 AM

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

There is no particular bad news out there that warrants a big drop except one, and that is after a brilliant year some of the day traders are now taking profits, risky profits I might add. I have been here before and worse, in the early years where I held Bitcoin I nearly took fright and pulled out, I held me nerve though.

Bitcoin is just finding a new floor now, and once it does it takes little time for it to start rising again. The strong good fundamentals behind Bitcoin remain, have faith. I have always been buy and hold and am irritated, but except day traders . Put things in perspective and remember where Bitcoin was at the start of the year

Juggy777

hero member

Activity: 2646

Merit: 686

Quote from: Aventhe on December 22, 2017, 02:21:43 AM

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

Hold or sell, what do you think?

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

Every time Bitcoins crashes, this kind of questions rises, no this is don't you worry child it won't crash or sell reply, just hold your horse's op, Bitcoin crashed last time to when segwit2x was announced, couple with Rogers selling his coins, panic was about to set In, just check the charts after every such news Bitcoins bounces 300 - 500% and so it shall. That's the history of Bitcoin, just look at the charts and you'll get your answer.

mineworker

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Quote from: freightjoe on December 22, 2017, 02:35:24 AM

Quote from: Slimberry on December 22, 2017, 02:27:48 AM

Should I sell or hold? Right now sincere advise needed.

GTHO. (Get The Hell Out)

Idiot.

Its a correction simple as that. The increase in media exposure and adoption from new investors was more than it could cope with.

michkima

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Activity: 896

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It's just basically a correction since bitcoins has went up tremendously in the past couple of weeks. This is just a normal thing that usually happens with bitcoins whenever it goes up really quick. Two things might happen, it could stay at this level or it could possibly go back up to $20,000 and go past that level of trading again. Who knows, it's pretty hard to predict when it does go up and down.

Jating

hero member

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Quote from: Aventhe on December 22, 2017, 02:21:43 AM

I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.

Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.

My best guess is that people just want to cash it out at this very moment. Holidays is just around the corner, so maybe we can attribute this current "crash" to it. I initially thought that bitcoin crash because investors are testing altcoins market, but altcoin is also crumbling. So I deduce that investors want to take profit at this occasions.

Quote from: Aventhe on December 22, 2017, 02:21:43 AM

Hold or sell, what do you think?

Your choice mate. Personally, I have sold mine (everything) when the price surpasses $19K. I already taken the profits, but I'm getting back once more. It's really a perfect time to buy and because it's like a bargain. I say let's give the crypto's a few days, crashes are temporary, we all know that bitcoin has the ability to comeback and even go further from its previous all-time-high.

Quote from: Aventhe on December 22, 2017, 02:21:43 AM

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

Just my .2BTC

Wendigo

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People with a lot of money invested found out that the Bitcoin network is trash. They cashed in on their huge profits and looked elsewhere to reinvest. Bitcoin loses near 50% value overnight and mass panic ensues over on Bitcointalk Grin

Victorycoin

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Quote from: CryptosapienZA on December 22, 2017, 02:26:28 AM

Its a normal correction. Nothing to stress about. People sell for various reasons. Remember now that the whales and institutional money is in, they control the price right now. Infact we do deserve a correction, the price has been going up at a ridiculous pace. I wouldnt withdraw unless you really need the money. I am currently looking for coins to buy. So I have no plans to sell.

It is ridiculous how people expect that after the sudden skyrocketing in the price of Bitcoin, it would hold out there! Truth of the matter is that no market ever works that way. After a market is overbought, it naturally reverses until it becomes oversold and the cycle goes on.

Bitcoin have long been overbought and except for the emotionally attached traders, this correction has been long coming and having to come at the ending of the year, when traders usually wind off, is rather a strong indication of what bullish pressure had been behind Bitcoin.

The development might be a crash and end of the road for Bitcoin for all the Fudsters, but the announcement of the death of Bitcoin is now nothing new, my priority right now shifts to identification of dips and securing of more profits for 2018.

Topic: Reason behind Bitcoin Dip (Crash) - page 2. (Read 925 times)