Bitcoin price dropped severely

[Quart]

Have you checked the current price of Bitcoin, guys?
Just checked it here: https://coinmarketcap.com/currencies/bitcoin/. It is so sad that the Bitcoin price has dropped very severely today. I don't believe this is happening after a great increase yesterday. Is this the end of Bitcoin bullish in Q2 of 2020?

[Fenix]

Yesterday I saw a Bitcoin exchange rate, which,
  according to the CoinMarketCap table, it was $ 9,864, and now the price of bitcoin is $ 8,696. A drop of about ten percent for bitcoin means little. However, due to the fact that in a few days, namely on May 12, the reward will be halved by the miners, then in the next few months the price of bitcoin may actually fall. However, after the network adjusts itself, the price of bitcoin will go up.

[debra]

The decline always follows after the rising phase. I think it is normal and no need to worry so much. Just be patient, I think after the correction, Bitcoin price will continue to rise up again. We know that in halving, the number of BTC is limited, so the price will rise up.

[Master107]

Decrease of bitcoin price is not the indicator of its end. How weak bitcoin  is if it will gonna happen. Bitcoin holders are some of the big names in this world. Basically, they will not invest their money for nothing to gain.

[Oxumare]

Bitcoin mining will continue until 2140.Perhaps halving the reward in mining will lower the price of Bitcoin further in the first weeks.
But my opinion is that the real rise starts in mid June.The real question is this? When will there be money entry into altcoins?

[mlawson71]

The current depreciation looks just like a regular correction to me, it's normal.

[debra]

Decrease of bitcoin price is not the indicator of its end.

Indeed. It happened many times and always increased again after bearish. I think the decline in BTC price is the chance to buy before it increases again. But never buy blindly, analyze what to happen in BTC trend in the next few days/weeks/months.

[zendicator]

i did not expect that there will be a pre halving dump that was happened. For me, this is just a short term dump and we will see bitcoin slowly pumping until it breaks its all time high before or maybe it will get slower rise up because of this pandemic most people have no money to buy crypto.

[ShadowCrypto]

Coin Metrics indicate that miner-led selling pressure for Bitcoin is already high and likely to increase in the coming months as the halving takes place.

[babu10]

Have you checked the current price of Bitcoin, guys?
Just checked it here: https://coinmarketcap.com/currencies/bitcoin/. It is so sad that the Bitcoin price has dropped very severely today. I don't believe this is happening after a great increase yesterday. Is this the end of Bitcoin bullish in Q2 of 2020?

Actually it is nature of BTC market. From 2017 i am seeing this kind of BTC market where in 1 week it up $1000 and next day it down to $1.5k. So there is nothing to upset. If you want to trade or invest, have to do in this market and we must have calculate profit or lose like this market condition.

Be happy and keep safe in this crisis moment.

[Bobcrypto]

Beside been a nature of Bitcoin as you stated, nothing goes up without coming down. Remember, there must be people buying  and people selling at every point: this the demand & supply rules playing out every time. Bitcoin will pump at some time, become many people are buying, and will come down at some time because many people are also selling. I think that the more people buy, may be because of the halving event, the more the price increase vice versa.

[Andruha1993]

No need to panic. You need to be optimistic and on the contrary it seems to me good that the price has fallen. So maybe we'll see a green color.

[Review]

Yes it's true that bitcoin price going up and down now a days but the reason is stock market still down and the whole world are effected by corona...so this time many btc miners start mining on btc which lead btc some time go up and sometimes go down..btc price won't be stable till the pendamic of corona don't go from present world..

[Doctor]

Have you checked the current price of Bitcoin, guys?
Just checked it here: https://coinmarketcap.com/currencies/bitcoin/. It is so sad that the Bitcoin price has dropped very severely today. I don't believe this is happening after a great increase yesterday. Is this the end of Bitcoin bullish in Q2 of 2020?

Keep calm, I think It is just pump and We will see the bull market in this year. The bitcoin price is going down today, I think It is normal, Dont panic. We will see the bitcoin halving at the middle this year. I believe about that.

[crypto4ell]

In my opinion, bitcoin looks more than attractive even with the current price. I notice that among my friends, the desire to buy at least 1 whole bitcoin prevails.