Quote from: LastJedi on December 22, 2017, 05:06:50 PM

With news like this you can see the panic for those who bought at $19,000 in the last week on Sunday when it was at all time high and now seeing this it can have the mass media types to write it off as a non investment sort of currency/stock for them.

Most of the people who bought bitcoin on $19000 were noob investors who don't know when to enter the market. If you know a bit about trading never catch a train that has already fled while you are still not in it

Quote from: (Melania) on December 22, 2017, 04:11:18 PM

Briefly plunged below $11,000 on coinbase, what about other exchanges? average price is at $14000 now and will rise again.

At that time it plunged near to 11000 at many exchanges except the korean and japanese exchanges which have magically been able to retain the value of BTC to more than 14-15k. While the whole market sits red its obvious that its a huge correction and market would recover soon.

Quote from: Kemarit on December 22, 2017, 04:53:35 PM

As per coinmarketcap, the price is still above $12,000 so I don't know if bitcoin touches below $11,000 as CNBC reported. But you have to look at the whole picture here and not just highlight bitcoin. The whole crypto is plummeting. What's the reason behind? I really don't know except that I presume that investors are just taking the profits after reaching all-time-high. So let's just say that's the only logical explanation from all of this bleeding. Unless there's really good interpretation that we are going to see in the next couple of days.

Quote from: (Melania) on December 22, 2017, 04:11:18 PM

Briefly plunged below $11,000 on coinbase, what about other exchanges? average price is at $14000 now and will rise again.

I usually checked coinmarketcap because it takes the average of at least 400 exchanges:

https://coinmarketcap.com/currencies/bitcoin/#markets

Coinmarketcap isn't really a good parameter for making your price about bitcoin because it has huge volatility around exchanges. Most of people affected are the new entrants of the market. They buy using their fiats. If you buy it using USD you have to pay a much lower price while if you decide to use KRW you will end up paying much more.