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.