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BTC rollercoaster: Bitcoin hits low after wild up & down fluctuation over December



There have been sharp rises in the value of cryptocurrencies, this year. But their falls have also been spectacular. The price of Bitcoin has dropped to below the 13,000-dollar threshold, after hitting all-time-highs of more than 20,000 over the weekend.

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Written by frances

Lawyer, Believer, Idea Agent, Database Wrangler, Human Casserole. I want to see your peacock.

26 Comments

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  1. “There are as many bitcoin millionaires as those who have lost fortunes in it”

    Wtf! Why is he even covering this topic? Seems like he has no idea what he is talking about and what he does pretend to seem to know is what their producers told him to say.

    First of all, they are showing charts that show only december and maybe late november.

    Show the whole damn chart from the beginning of bitcoin and tell me that that there was an even loss than there was gains.
    Another thing is the fact that this was not the first correction we got this year. There have been 5 instances where the price of bitcoin dropped 30+% this year alone! And yet if you look at the whole yea’s chart, bitcoin is still up. Those who lost money are those who pulled out early.

  2. As some youtubers know, who casually pay attention to my comments and DA2K uploads, I was involved in Bitcoin in the years 2014, 2015 and 2016. And thus I know that such rises and drops in BTC price are normal actually. And I can explain it in simple terms: Every time someone sells huge amounts of Bitcoins, the price drops! Same principle applies the other way round: If someone buys huge amounts of Bitcoins, then the BTC prize rises again! Only difference now in 2017 and 2018 is that the price range has become wider. So BTC price can drop from $20,000 to $10,000 and then eventually back to $20,000 again. As I said, Bitcoin is a stock market currency after all. That is what most people don't understand. Bitcoin is not a static digital currency. It's very dynamic with PUT and PUSH options, or however you call those in business language, I'm not a stock market expert. But I know that Bitcoin works this way.

  3. My previous comment here also explains what happened to Bitcoin in 2017… A single entity or a large group of people were buying huge amounts of Bitcoins in 2017. This action drove the BTC price up to $20,000. Now it dropped again. This means that the same people or somebody else were now selling huge amounts of Bitcoins right before the Christmas and Holidays season. And I suspect that in January/February 2018, after the winter holidays season, the BTC will rise up to $20,000 or even more again! However, Bitcoin is a very speculative cryptocurrency. You can't say for sure what's going to happen to BTC in 2018. It all depends on the market and whether people will buy or sell Bitcoins throughout the next year……..

  4. Well, looks like that bubble is ready to burst. I mean really, when you saw that bitcoin value was higher than fucking gold, that should have been your queue to sell and gtfo. Remember, buy low, sell high.

  5. as long all player are still on table nothing to be worried.. its just a bump.. the prize will go up again

  6. the largest whale in china ran the cost up then dumped and all that followed him dump then a few got scared and got out but it is sedaly climing with a few reverses as people take small profits and crismas spending causes som liquidatin. it will be back to 20,000 by the second week in january. if not sooner.

  7. Question: There was at least 10 Bitcoin Hard Forks between December 2017 and Jan 31 20s18. Each and everyone on them a wonderful new milestone for Bitcoin Speed and technology. Why is the media not talking about it? Not a mention, ….Bitcoin Diamond, Bitcoin Super, Bitcoin Lightning, Bitcoin GOD, Bitcoin Platium, BItcoin Cash Plus, Bitcoin Silver, Bitcoin Uranium, Bitcoin United, Bitcoin Atom, Bitcoin BCX…. So why are we not hearing Nothing about it. All of these coins are better Technology than Bitcoin Cash> …..Why the silence?>?

  8. "How to invest in Cryptocurrency for Idiots" Get a decent desktop computer. Get the appropriate encryption software with blockchain technology. Then go on and build yourself a fortune in cryptocurrency. No need to buy Bitcoin. You can call it S#@tcoin if you wish. You might also be able to con others into paying you real US dollars for the privilege of having an encrypted record of their purchase.

  9. you fools btc is going to burst! i bought my first coin at $109 in 2011. i currently own ZERO. the fees and the delays on the block are going to make other ppl turn to alt coins

  10. Just wait til bitcoin hits zero, there will be blood in the streets. Boohoo you poor millennial Snowflakes
    Just be glade that you can still live in you're parent's basement for free so that you can afford to buy the next apple Iphone with you're parent's credit card!

  11. Have you also considered buying photocopied images of US dollars. You can encrypt it and store it on your computer. It is after all a better type of digital currency. It actually looks like a dollar and you can multiply it at will in the comfort of your own home.

  12. I would like to share with you an amazing opportunity to get in ground floor on the hottest new crytpo asset called TPAY. It is the world’s most secure coin and has been called Bitcoin on Steroids. Register today and receive a 50% bonus on the official token sale. https://www.tokenpay.com?rc=1JTS3

  13. another means to an end… money will never be needed by a species who is enlightened. its such a shame the corruption continues. when will it ever end

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