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?
this is very confusing because in these few days the price is declining to this day and I have not received any reliable news for this matter. I just assume that some countries are making new regulations about bitcoin so that it has an effect on the price decline. 
Topic: Sudden Price Drop! What's going on with the Market? - page 2. (Read 518 times)
From the point of view of technical analysis, this is a simple correction, which is natural for any market. From a fundamental point of view (IMHO), according to the schedule, this sharp decline in prices is the result of manipulation of large holders of Bitcoins.
According to some, some possible reasons behind the present bitcoin dump are: The korea exchange upbit fud; CME gap of 8550; whales accumulations closer to Concensus investors explosion and another Mt. Gox news on transfer of 8200 to another wallet. Whatever the reasons, bitcoin can always go back to higher price in the coming days.
According to some? Some isn't a source, and some doesn't know any more or less than what we know.
People for once need to stop with looking for reasons why something happened. Not that long ago with how the price was going down it was first due to South Korea, then China, then the SEC, then stricter Japanese regulations, then the social media ad ban, etc. It's all nonsense speculation based on nothing but just a silly assumption because the price was going down. It's going down for a reason, right? That's where people go wrong.
With current drop it's MtGox, the recent exchange hack, Warren Buffett. Smh.
Were waited for bitcoin to reach $10k but as the usual price sudden drops. It always happening bitcoin could'nt surpasse the $10k value. Bad news affecting this decline of price for this trend, however we could not say for now how much btc could go low rather our chance to buy some.
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?
Warren Buffett and Bill Gates have indeed released some pretty negative comments towards bitcoin, and I think that it definitely has had some sort of negative effect on the value of BTC one way or another. But it's definitely not the only reason, or even the main reason.
The primary reason here is probably still just a completely normal correction, after BTC couldn't get past $10k.
The growth that we saw in those first few weeks of the rally was unsustainable, and a correction was expected to happen, and was just a matter of time. Even though prices are going down right now, don't panic sell. Instead, this is a great opportunity to load up on cheap coins.
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
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?
There is indeed no major news.
This means to me that prices dropped most likely, and simply because of the resistance at the psychological $10k figure mark was too strong. Though it wasn't totally psychological, since we did test it a fair amount of times, and failed to breach it in any of these attempts.
I've been saying this for a while now, BTC has gone against the overall trend of the market back in April, and started this huge rally. That is normal, however, after these big rallies there will inevitably always be corrections, and that's what is happening right now.
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?
According to some, some possible reasons behind the present bitcoin dump are: The korea exchange upbit fud; CME gap of 8550; whales accumulations closer to Concensus investors explosion and another Mt. Gox news on transfer of 8200 to another wallet. Whatever the reasons, bitcoin can always go back to higher price in the coming days.
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 Buffet + Gates news was a failed FUD which came out a couple of days ago. it is a failed one because price didn't move a penny after that but the media was filled with the bullshit all the same.
Correct, the WB + BG FuD is a complete fail. The price didn't move. On the contrary those 2 looks dumb based on their assessment about bitcoin.
the price is still above the lower buy support so i still wouldn't consider this a considerable "drop", but just a testing of the bottom support to see how the market reacts. it is possible that some whales weren't satisfied with the amount of bitcoin they had accumulated so they had to do something about it and make some short term profit and gather some cheaper coins at a good discount.
They are really at a advantage from all of us. They have control and can dictate where the price should go. Its possible that someone manipulate the price from behind and in return needed more bitcoin because of greediness. And biggest impact though is the Mt. Gox trustee again. The ghost of Gox still haunts us up to his day.
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 Buffet + Gates news was a failed FUD which came out a couple of days ago. it is a failed one because price didn't move a penny after that but the media was filled with the bullshit all the same.
the price is still above the lower buy support so i still wouldn't consider this a considerable "drop", but just a testing of the bottom support to see how the market reacts. it is possible that some whales weren't satisfied with the amount of bitcoin they had accumulated so they had to do something about it and make some short term profit and gather some cheaper coins at a good discount.
It seemed to hit the wall of $10,000 hard and recoiled back to low $8000 now. 
There always is a reason behind a drop in price in a 24 hour period.
And it looked to have a domino effect all happening in this time frame.
-$10k barrier not broken
-Upbit with the loss of EOS in fraud case
-Mt.Gox trustee appending massive sell off from reserves
http://bgr.com/2018/05/11/bitcoin-prices-today-falling-reasons/
There always is a reason behind a drop in price in a 24 hour period.
And it looked to have a domino effect all happening in this time frame.
-$10k barrier not broken
-Upbit with the loss of EOS in fraud case
-Mt.Gox trustee appending massive sell off from reserves
http://bgr.com/2018/05/11/bitcoin-prices-today-falling-reasons/
Once again,bitcoin proves to be non predictable.However this price dip may help those people who missed the chance previously to buy bitcoins when it's price almost crossed 9,000 dollars two weeks before.
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?
It was MT.Gox who sell-off worth 8,200 Bitcoin and make the whole market truly affected here is the link https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/. I heard that still they have 140,000 Bitcoin in their wallet but without links then this will be good as hearsay because if this is true and sell all of these Bitcoin then for sure Bitcoin value will fall to as low as $4,000. So i suggest we must be vigilant all the times to avoid future losses.
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?
It is just normal in my opinion, because as what I can see, bitcoin price slowly falling maybe because, in some minor reasons, it is not falling as big just like before. The price of bitcoin for me is still normal and I think we should be patient more and wait again to recover. 
I see no major news out there.
this is very bad:
S. Korea’s Largest Crypto Exchange Upbit Investigated By Police, Markets React
and it's a big negative news
What could be the reason and how dip the price can go?
probably this is it:
Bitcoin Loses $9K Support As Markets React To S. Korea Investigation, Mt.Gox Sell-Off
is a guess, but I really believe that this is the reason for this price fall, which fell a lot
I believe I've read somewhere on the forum here that the dude from mtgox is dumping his coins, therefore lowering the price further. Can anyone confirm this or debunk? Haven't been following the recent happening lately.
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 is perfect for you that you didn't bought. Now you can get 15% more Bitcoins fro same money spent. I guess goddess of luck was on your side. Make sure to buy before price goes back up. again.
The market is just operating as it is supposed to. There are price increases and price drops. We are in the early stages of adoption, so it would be foolish to assume there will be any integrity attached to the price/value of Bitcoin until supply and demand has leveled out to some degree. There will be sudden price drops and sudden price increases, especially when the traditional "heads of finance" have had so much negativity to spread about cryptocurrency and Bitcoin recently. People see $10,000 within reach and they believe this is a good place to call it quits when it comes to the rollercoaster ride. Not enough of those recently adopting cryptocurrency usage are interested in long-term usage of the technology. Most are simply attracted to the idea of getting rich off a small investment, very quickly. This drives the price wild, as these people enter and leave the market by the millions.
This just passed by me too, didn't even realise there was such a swing. But nothing out of the ordinary to me, really. I mean, we just witnessed a $1k jump weeks ago, also in minutes, also as inexplicable as today's "crash" which isn't even half as spectacular as that last big spike we had.
Some circulation news seems to pinpoint Mt Gox cold wallet moving funds and others seem to specify a related investigation. As always, analyses comes after hindsight. Nothing to worry about. Just wish I could have received some income now rather than during the past few days, is all.
Some circulation news seems to pinpoint Mt Gox cold wallet moving funds and others seem to specify a related investigation. As always, analyses comes after hindsight. Nothing to worry about. Just wish I could have received some income now rather than during the past few days, is all.
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?
I've always said, the volatility of crypto industry that's normal. The cryptocurrency market manipulating so many ways, then we're experiencing a bit-reaction of price movement. Everything becomes red all of a sudden.Here what i read: https://cointelegraph.com/news/s-koreas-largest-crypto-exchange-upbit-investigated-by-police-markets-react maybe the reason of falling.
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