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Topic: Sudden Price Drop! What's going on with the Market? (Read 518 times)

full member
Activity: 644
Merit: 107
Bitcoin proves to be non predictable one.Today the price of bitcoin reach to 8100$,it is the time  to buy some coins at the fluctuation.If you want to get more dollars from your money,you can consider now.This type of fluctuation is occurred from this new year starting,don't worry for this.
that uniqueness of bitcoin is unpredictable, it is uniqueness that invites lots of people and new investors to invest in bitcoin. the current price is the most appropriate price to buy and to double or multiply the money we have, before the market pumps the price back and the price becomes even higher in the next few weeks.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
Bitcoin proves to be non predictable one.Today the price of bitcoin reach to 8100$,it is the time  to buy some coins at the fluctuation.If you want to get more dollars from your money,you can consider now.This type of fluctuation is occurred from this new year starting,don't worry for this.
member
Activity: 546
Merit: 17
most likely its decline in this price is the bitcoin itself losing the support of $ 9,200 as the market interacts against south korea. from cointelegraph tracker data bitcoin prices began falling again to lows around $ 8,540 while altcoin markets such as ethereum suffered losses of up to 12 percent. hopefully the future of its price will soon recover and we have seen the appointment of the current bitcoin price at around $ 8,830, it's the upside and the beginning for its forward progress. my prediction the price will break or past the $ 10,000 price back it will happen in the next few weeks.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
Whats the reason for the price dump today? Gone from high 8000s earlier today to 8200 now.
Many had thought that price of bitcoin can surpassed the level of $10k. Many reason's these sudden price drops and I thought also were entering the bull seasons. But, again price on below 9$k so it might this coming days changes will happen with the market.

Lol the market is playing with us and most of it falls on those people expecting so much from btc that it will pump to a certain price in days. It can't be helped. Who knows tomorrow we'll have another 1k surge in a few hours to hit 10k. This has been happening for the longest time so i think by now we should all be used to this
full member
Activity: 511
Merit: 100
Whats the reason for the price dump today? Gone from high 8000s earlier today to 8200 now.
Many had thought that price of bitcoin can surpassed the level of $10k. Many reason's these sudden price drops and I thought also were entering the bull seasons. But, again price on below 9$k so it might this coming days changes will happen with the market.
legendary
Activity: 1232
Merit: 1029
just bitkoin reached a psychological mark of 10 thousand, now a little staggering. I think that by the summer the price will be about 13-15 thousand. And this is a great time to buy!
Yeah, it was really a psychological level and the truth is that there was not much volume to break out above it, otherwise we would have seen some buy ins within this period.

Usually, we cannot expect that there would not be some correction, probably a little one and probably go back to test it again and then break it with volume. However as it is, bitcoin is witnessing a complex correction and it is only time before we may get to know exactly where we are headed.
jr. member
Activity: 57
Merit: 4
Whats the reason for the price dump today? Gone from high 8000s earlier today to 8200 now.
'

I don't know, but I suspect that some fuckwad whales are cashing out on the bet that the positive infor over the meetings and potential future will support them cashing out above 8K$.

Jackasses they are!!!!! Fuch em!!!!1

Cash out whaleshit and please suffer as you watch your fortunes waste away in fiat!!!!
Bwahhahahahahah!
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
What's happening with the market is unpredictable and at present there is no specific reason for the price dump. Nothing has been found speculative in the negative manner. More and more good news were coming out helping with the growth. Maybe this could be a correction happening for a forward push.
hero member
Activity: 2240
Merit: 848
Whats the reason for the price dump today? Gone from high 8000s earlier today to 8200 now.
sr. member
Activity: 686
Merit: 250
Few days back I was this close to buying BTC when it was around 10k, but halted for some reasons. Now I see the price is around 8.6k and I wonder why the sudden downwards trend! I see no major news out there (or maybe the statements of mr. buffet and gates?). What could be the reason and how dip the price can go?
The incident is a natural and common occurrence of cryptocurrency. It also happens to Bitcoin, this is what causes that Bitcoin is an investment that has a very high fluctuation rate. But behind it all actually we are given a very good chance, when we can take advantage of the conditions when the price increases and when prices decline then we will be able to get a profit margin. Believe each condition will definitely have its positive value. Believe me and do not worry because we all believe that the price of Bitcoin will increase and much better than before. We must be a part of success and that is the thing most awaited by us all.
hero member
Activity: 1918
Merit: 564
97% of the top 100 coins listed on CCM are in red, so I would say it's not a bad sign. It's not like if Bitcoin decreased by 15% while all others coin increased by 10% the same days. The crypto market has always been like this, playing with people nerves.
I think I am ready to bet some bucks the next week the BTC value will come back near the $10k :p

I strongly agree with you LeGaulois!

It is the crypto market as a whole that has been struggling.  If the alts are doing perfectly fine and bitcoin continues to drop, then it is a very bad sign.

And hey, i like your sunny disposition, keep it up!
copper member
Activity: 2940
Merit: 4101
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97% of the top 100 coins listed on CCM are in red, so I would say it's not a bad sign. It's not like if Bitcoin decreased by 15% while all others coin increased by 10% the same days. The crypto market has always been like this, playing with people nerves.
I think I am ready to bet some bucks the next week the BTC value will come back near the $10k :p
legendary
Activity: 3654
Merit: 1165
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Few days back I was this close to buying BTC when it was around 10k, but halted for some reasons. Now I see the price is around 8.6k and I wonder why the sudden downwards trend! I see no major news out there (or maybe the statements of mr. buffet and gates?). What could be the reason and how dip the price can go?
That would have been the biggest mistake of your life. Since you did not buy already on the breakout, normally you should have waited for a break above $10k even before buying. Moreover, if you are a trader who knows what he is doing, then you should have noticed the bearish divergence on the 1 hr chart as well to know that was a danger zone to be considering buying unless a breakout occurs.

All the above, anything can happen in a market at any time and that is the reason every trader do not usually do without their stop losses, so you just have to get used to it.
full member
Activity: 980
Merit: 114
The samething has happened today as the market has taken a very serious drop for the past few hours. Ethereum that was making significant progress has dropped significant this evening and I have not ley my hand on any information on why coins are dropping in prices.
full member
Activity: 378
Merit: 101
That price drop was really normal nowadays, 10k was never reached this month neither the last which is a strong resistance to get that price past, there are a lot of factors we have to consider, Normal corrections or trading activities, as you've said those statements from bill gates and buffet which was released recently and the Mt.gox wallet contain thousands of bitcoin being moved.
member
Activity: 488
Merit: 10
Few days back I was this close to buying BTC when it was around 10k, but halted for some reasons. Now I see the price is around 8.6k and I wonder why the sudden downwards trend! I see no major news out there (or maybe the statements of mr. buffet and gates?). What could be the reason and how dip the price can go?
When there is such huge dip in the price without any price how one can guess anything about the future of that thing. May be the price fall more without any reason. Till this day as I noticed and observe bitcoin, it is the crypto for ordinary people. There are some whales that want to loot the hard earn money of people and they will never let you make profit from bitcoin investment.
hero member
Activity: 2576
Merit: 883
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every 6 months or sometimes 1 year we have a new hot subject for FUD which will then scare newbies and the market experiences big crashes. the MtGox coins are the new hot topic for FUD this year! and it will remain hot for some more time. there is no truth to it and it had never have any real effects on the price because these coins are absorbed by the market without anybody even noticing but when the FUD is being spread and the panic starts everyone else starts selling which causes the crash.

The FUD this time was about moving 8000 BTC, we don't even know if they were sold. Yesterday in a period of less than an hour the price shot up from $8320 to $8820 on volume of over 8k on Bitfinex alone. People really do attribute far more importance to the Gox coins than they deserve.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
i thought the price will passed through $10k this month but unfortunately the price was dropped again and regardless all of negative news i think the most influence cause bitcoin dropped since yesterday is mt.gox dumped bitcoin but i think the current range $8k is good to buy more bitcoin

Yes, you are right, still, there is a huge chance for people who want to buy the Bitcoin at this stage because there is huge chance Bitcoin can easily reach to $10k easily this time. Mt.Gox sold a lot of coins in the market and most of the people are panic about the market and Bitcoin price start decreasing in the market.

every 6 months or sometimes 1 year we have a new hot subject for FUD which will then scare newbies and the market experiences big crashes. the MtGox coins are the new hot topic for FUD this year! and it will remain hot for some more time. there is no truth to it and it had never have any real effects on the price because these coins are absorbed by the market without anybody even noticing but when the FUD is being spread and the panic starts everyone else starts selling which causes the crash.
member
Activity: 420
Merit: 10
i thought the price will passed through $10k this month but unfortunately the price was dropped again and regardless all of negative news i think the most influence cause bitcoin dropped since yesterday is mt.gox dumped bitcoin but i think the current range $8k is good to buy more bitcoin

Yes, you are right, still, there is a huge chance for people who want to buy the Bitcoin at this stage because there is huge chance Bitcoin can easily reach to $10k easily this time. Mt.Gox sold a lot of coins in the market and most of the people are panic about the market and Bitcoin price start decreasing in the market.
full member
Activity: 336
Merit: 101
just bitkoin reached a psychological mark of 10 thousand, now a little staggering. I think that by the summer the price will be about 13-15 thousand. And this is a great time to buy!
After some time there is something negative about bitcoin and it affect the price. Affect is always negative because people sell their holdings or do not buy more bitcoin so the price down. It happens many times in the history of bitcoin. But apart from all these opponents bitcoin made its place on the top of cryptocurrency market and it holds the highest market cap in the row.
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