What's up with the btc price? Should we be worried? - page 2.

shoreno

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Quote from: Joyeeta on December 09, 2017, 10:45:56 PM

The price has significantly dropped in last 24 hours. It was so high until yesterday. What's happening?

this is because bitcoin is a bubble and now it is starting to pop resulting for the value to drop drasticallly without any further notice. i believe that it can still continue to go down and this problem is something that we should worry about. in my case im now starting to convert my coins into our local curreny which is ( php ) because im affraid that this event can last longer and ill be ended up loosing instead of earning a profit with my invested bitcoin. though im still hodling my altcoins because i feel confident about the state of altcoins even if they are falling sometimes just like bitcoin but they usually recover on a specific date.

timerland

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Quote from: Joyeeta on December 09, 2017, 10:45:56 PM

The price has significantly dropped in last 24 hours. It was so high until yesterday. What's happening?

It's just a correction of BTC's price from the pumps that we've seen for the past week or so. Has been absolutely crazy and obviously wasn't going to be sustainable and now we're in the regression stage of that pump. I don't think it's anything to worry about though.

Actually the adjustment started happening yesterday and now it seems to be bottoming out already.

As I said - perfectly normal, and you should have expected this TBH. Just look at the BTC charts, every single time following a big pump is a big correction and this time is no exception.

Budugbass

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One of the reasons I'm sure among others are panic selling, but we must know the fluctuating of bitcoin price and still easy to be influenced by many things, didn't close the possibility it will moving back to the height again. I'm sure the current price drop happens, it's just temporary and would be moving back upwards, I'm sure it is!. So well I just suggest don't too worrying about that, it's good we take positively things and deal with the situations with calmly.

TERA2

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I think you failed to see my point in the chart above.

LeGaulois

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Quote from: TERA2 on December 10, 2017, 02:53:17 AM

This is very bearish. Bitcoin is dying confirmed.

People love to say Bitcoin is dead since 2013 but Bitcoin is far to be dead. When a cryptocurrency is losing about 20% you can't say it's dead, otherwise, most altcoins died a long time ago so.

It will probably go up during the next week. There are several others altcoins going down as well, it's not isolated to Bitcoin. If you can't handle to see a cryptocurrency going down then it's definitely not for you.

Reid

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I dont think so.
Time to celebrate for those who are itching to buy bitcoin. And I know there is a lot of them. Because of the price increase they may taken out their doubts and would want to buy now at a price they can afford or they will be satisfied with.

It is just a simple selling point for others. No need to worry.

maxj57634

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Quote from: Joyeeta on December 09, 2017, 10:45:56 PM

The price has significantly dropped in last 24 hours. It was so high until yesterday. What's happening?

Yeah it did drop by a large percentage over 1 day, maybe its the correct of price because of the abnormal price that happen over period of 1 month.
Theres no need to worry about the recent drop i think that 14k-15k is the stable price of bitcoin today till the year end.

TERA2

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This is very bearish. Bitcoin is dying confirmed.

marky89

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Quote from: Joyeeta on December 09, 2017, 10:45:56 PM

The price has significantly dropped in last 24 hours. It was so high until yesterday. What's happening?

Technically, we're working on our third red daily candle now. We didn't even drop 25% from the top yet. I'm hoping we drop more. A 30-35% drop would be typical, but even a larger decline to the test the log uptrend would be totally normal in this kind of trend.

Parabolic rallies tend to be incredibly volatile and full of whipsaws that punish traders in both directions. You can either HODL or you can scalp if you're a skilled trader. Swing trading at this velocity can be tough unless you hold out for a real deep correction to buy. A drop into the $8,000s would be a real gift right now. I'm very bullish, but I've got no longs here. I'd rather see bulls shaken out before I put any more risk on. If I'm wrong and we go straight up from here, at least I've got my spot coins.

davis196

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Actually i regret that i didn`t sold most of bitcoins westerday at a price above 15000 USD.
I had some issues with paypal,but everyhting should be fine after a few days.
I wanted to sell btc at 15 K and buy btc,when the price goes under 13K.Now it`s a great time fore more new traders to invest in btc.Around Christmass there will be a new record level for the btc price.

X-ray

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Quote from: Joyeeta on December 09, 2017, 10:45:56 PM

The price has significantly dropped in last 24 hours. It was so high until yesterday. What's happening?

Another big bullish trend to answer the flash bullish trend for bitcoin. In my prediction about this will not be so long. Remember you can try to read the previous chart about the bitcoin and bitcoin was doing the same with the latest chart. But remember it can back anytime depends on the how the market already succeed to pass the bearish trend.
Majority of newbies are feeling worry about that but this time it's only another correction without any fundamental.

VitKoyn

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Quote from: Joyeeta on December 09, 2017, 10:45:56 PM

The price has significantly dropped in last 24 hours. It was so high until yesterday. What's happening?

It is always happening in any kind of cryptocurrency that when it dramatically increase its value it will surely fall back soon after hitting a certain amount, for the reason that short term investors are taking their profits and we have seen this a lot of times, Now Bitcoin drops from $17000+ to $13000+ but you don't need to worry about that instead it is a great opportunity to buy and hold more Bitcoin and take your profit after the correction. Correction is healthy in any kind of market (stock, cryptocurrency) because if the value of cryptocurrency or asset always goes up then people will not want to invest because it is too expensive.

eann014

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Quote from: Joyeeta on December 09, 2017, 10:45:56 PM

The price has significantly dropped in last 24 hours. It was so high until yesterday. What's happening?

It is always happening when bitcoin hits another record ATH's price of bitcoin, of course they will sell their bitcoin and they will get their profit but some of us still hold and I am still holding mine. As far as I know and as I've heard some news. Bitcoin will reach up to $30k so for me bettee to buy now. It is still not too late to invest. Big investors are coming.

Coins4Days

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No, we should not be worried. There are always people who are going to sell their bitcoin for cash, especially when the price is this high. When bitcoin hits all-time-highs, people will sell because, well, it's an all-time high. People want to cash out when it hits a milestone. There are definitely other variables that are making the price drop. Day traders don't trade on weekends. That bitcoin futures contract was released today (I think). There could be less trading volume on weekends. Yes, it may have dropped 15-20% this past day or two, but think of the big picture. How much has it gone up the past three months, six months, one year? Bitcoin was ~$800 one year ago today. Think of the grand scheme.

Fbo62

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looking on coinmarketcap, bitcoin decreased by 20% and mostly every single other coin (a couple barley rose) went down in value Shocked

Joyeeta

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The price has significantly dropped in last 24 hours. It was so high until yesterday. What's happening?

Topic: What's up with the btc price? Should we be worried? - page 2. (Read 786 times)