Bitcoin Forum

Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?

Because Bitcoin has risen too fast in the early days (in fact, all cryptocurrencies are the same), a callback is inevitable. The current price has fallen to the level of three months ago, and it is very likely that it will continue to fall. It is not impossible to fall below 35,000. For any asset, it is impossible to rise at a high speed forever. A proper correction is the way to keep the market healthy.

Yes, it is the end:

Bitcoin has died 421 time (https://99bitcoins.com/bitcoin-obituaries/)s

It's been dead over and over but it's still breathing. Every time BTC goes up the next thing it does it also goes down, it does the same thing over and over giving chance to those who have not yet bought to come out and grab a slice of BTC in time when it will bubbles again to more than $100k.  The rise of BTC seems to have disregarded the economic crash actually which is why it sounded illogical for some.

Supply and demand. Maybe the demand is low right now, or at least no one wants to buy BTC and there are more sellers in the market in a month. But saying it is the end? Nah, it's not going to die. The price is still high though, if you have invested on it's lowest in March 2020, you are still in profits. For those who have invested above the current price, then you need to be patience and just hold on it. You are not going to lose any money if you are not going to sell. Patience is the key here.

It's most likely due to distribution (selling) by institutional investors who bought in the low 20's and sold off in the 50's. With that being said, it looks like they are now rebuying in the low 30's and will redistribute at 80s to 90s. Its all text book if you look at the charts. Also you have the a mini black swan event regarding the Chinese ban on mining which is forcing a lot of miners to sell off their BTC to fund offshore mining operations. All in all, this should all resolve itself sometime in late Q3. We will end the year with a new ATH.

It's going up if you zoom out.

I guess OP is suffering memory lose, blacked out all before last October, LOL

Again,,, we also need to remind ourselves what happened 3 months ago with all that unsustainable Elon+hype+meme frenzy,,, so we are actually returning to where the market was before the hype happened so we have not lost the market momentum, we have merely removed that hype portion and now we truly are where we are supposed to be. Looking at where to go next without influencer decisions.

It's an endless story - bitcoin rises and falls, rises and falls, over and over again. I laughed a lot last year, when analysts predicted growth to $ 20,000 for $ 9,000. Now I don't laugh at predictions of 100 or even 300 by the end of the year.

A funny pattern is that Bistcoin falls more than once in the summer and rises in the winter.

However, the current situation comes from two reasons: too sharp growth (bitcoin just rolled back to its natural rate) and Elon fucking Musk.

I heard different news that will I guess the reason for a sudden fallback of bitcoin price, one of the reason that I suspected why bitcoin is plunging is just that China authorities crackdown bitcoin mining farm and I guess the possible reason that affects to the price. However, this only an assumption of mine and I think there's a major reason why bitcoin hardly grows up in the market.

For now, there's nothing we can do, we know that the bitcoin price will always have an all-time high and I guess time will come and in an unexpected time we will know one-day bitcoin rapidly raise again just hold for it, and never do panic selling.

The current price, as some others have already mentioned, is actually much closer to the real one than we had a few months ago - supply and demand say that 1 BTC is currently worth an average of $35 000 - which is about 5 times more than 1 year ago at the time of halving. All those who invested between $40 000 and $65 000 believed that growth would not stop, at least up to $100 000 - and all this so-called negative news (FUD) gave them even more reason to think similarly to OP.

Only those who somewhat understand Bitcoin, and those who invested last year are now in the game, the rest have come out and are waiting for a new positive signal from a dear leader who will say something positive about Bitcoin again, and encourage a new bull run to the Mars🚀

This will only be a temporary phase and has the potential to become a consolidation or accumulation phase.
All markets are cyclical and will bounce back, BTC, as well as other cryptocurrencies, will still exist

The thing that makes sense to me is the game of the whales, where they want to take advantage and then come back to buy at a cheaper price. As with the chinese news ban cryptocurrency it happened in 2018, and back again this year. Is this normal? Isn't that old news? I guess this has something to do with the price manipulation of the pope.

there is no reason why bitcoin is falling at this time, the whale game plays a role here where newcomers have bought bitcoins at the top and the whales act by panicking newbies plus bad news from all over , and with this making the price go down, that's how it goes on crypto

news that overlaps badness and loss, not to mention the always negative public opinion about bitcoin maybe that's the cause of bitcoin sluggish to trade, and the whales are sluggish to trade, rest assured that bitcoin friends will never die, enjoy the journey of bitcoin reaching 100k$

I can imagine many many investors are doing all in with Bitcoin right now because of the low price. Don't panic because many factors increased the price of cryptocurrency in the past few months, the whales sold for a profit and then waited for the right time to strike again. Remember, Bitcoin went down to $31,000 a few weeks back and then rebounded to $39,000 plus then down again. That is how it is, if you know how to play the game then you will be fine.

The fall in the price of bitcoin was caused by many problems, from Tesla not accepting bitcoin, negative posts by Elon Musk, and Donald Trump who said bitcoin was a scam, but we need to realize that bitcoin always decreases every year, maybe bitcoin gives us the opportunity to at least buy 1 bitcoin when the price is falling, the key to success in bitcoin is patience..

These politicians, elites, and billionaires did not understand the power that Bitcoin holds to cause a shockwave of financial surprises for the common man and the masses, by empowering them financially and creating the a new wave of new rich. So they, the old rich, do their best to discredit Bitcoin and make it an invaluable asset. Unfortunately for them they were not and will not be successful in doing that. We the supporters and investors of cryptocurrency should make a stand and show that Bitcoin and crypto will not be intimidated.

It's natural that bitcoin always falls, doesn't it feel the same way the year before that bitcoin falls again? hold on and wait for the right time.
There are so many reasons why bitcoin fell we don't need to go into detail because for me the bitcoin market is like this with high risk, of course any reason must be faced including redness in the crypto market, I will remain relaxed about it
This is not the end of the world, we are still at a high stage and we need to know what to do with your coins.

This is not the first time the price of Bitcoin has fallen, you shouldn't be discouraged. this is indeed the time and what you need to do today is that you have to be mature enough to respond to a major correction in the price of Bitcoin. there are still many behind you whose worries are crazier, but they keep fighting. So if they can, why can't we?
after the fall in the price of Bitcoin, it will definitely come back and wake up from its collapse.

this is not the end of bitcoin, as long as electricity and internet exist, then bitcoin will continue to live.

The reason is a again about China as they are shutting down most of their Bitcoin mines so that is mostly what is behind the collapse of the crypto market.
the Chinese crackdown on bitcoin mining activity extended to Sichuan Province. that is after a coal mines shut down due a flood last month in Xinjiang it provided the power for Bitcoin miners taking down quarter of Harare with it
now the Hashrate is down to 104M(TH/s) more then 30percent down from last week. that was about 138M(TH/s).

Has it really though?

June 21, 2013:     $102
June 21, 2014:     $595    (An annual increase of 483%)
June 21, 2016:     $715    (An annual increase of 9.6%)
June 21, 2017:   $2,785   (An annual increase of 289.5%)
June 21, 2018:   $6,785   (An annual increase of 143.6%)
June 21, 2020:   $9,400   (An annual increase of 17.7%)
June 21, 2021:  $31,750  (An annual increase of 237.7%)


What part of that looks like doldrums?

the reason for bitcoin's fall is certainly very influential on public views.especially lately the public has always speculated about negative things against bitcoin, thus making its price plummet.what's more the public can't close bitcoin, so they always make negative opinions its impact also has a very large effect on the value of bitcoin on the stock market. we as investors remain optimistic about what is happening at this time, because it is a long-term investment, stay optimistic whatever the opinion

I had come to know,it was a whale move.Over a value of 5 Billion dollar value of bitcoin going to sold in a short period.When huge transaction happened in the seller transaction.This type of dump will occur.We should be panic free at this situation.It's better to hold with the current market movement.We can hold and sell when the price increased to high value.

Why are you always find of repeating this same question every single time that Bitcoin starts to go down? Every time that the price of Bitcoin goes up and reaches a new ATH and then it starts to crash, there’s always going to be people who will be asking whether this is the end of cryptocurrency. There is nothing like the end, cryptocurrency is going to continue.

This is just a regular thing, a decrease that is meant to happen (or you can just call it a price correction). It happens every time that there is a bull run like this. That’s why you should always study the market. If you check the other bull runs that have happened before now, you will get to learn that the prices goes up and then crashes this same way. And moreover the other decrease were more than this.

Haters gonna hate ;D
The haters were very quiet when El-Salvador adopted BTC along with other good news
and when the price was down the haters woke up and said Bitcoin is going to die
Literally every year they say this, and every year it's worth even more

You forgot the date when BTC reached ATH ($65k), and that’s the most important point for OP when he thinks about how the price has been going down for months. In a way, you can't blame beginners and those who met BTC for the first time this year - and most of them are drawn to all this with juicy stories about magic money that can literally make you rich overnight. Their pyramid of happiness is slowly collapsing before their eyes.

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The problem is not those who are constantly expanding FUD, but those who from year to year believe that Bitcoin will disappear and that they will be left without their investment. People still have a very ugly habit of believing everything they hear or read, and as long as that is the case, it will not be difficult to control them and fill their heads with all sorts of nonsense.

On the contrary,,, I actually believe the majority of them do understand the power of Bitcoin, which keeps growing by the day. They are afraid that the world that is familiar to them will no longer be profitable so they actually do all they can to prevent Bitcoin from spreading.

Imagine if you are making so much money on a method you know so well and a new method comes along that will make yours obsolete,,,;)

the reason of this dump is the fake news, some times china news bitcoin will be banned , other times trump said bitcoin is not good for economic and bitcoin is risk for banks. and the whales make profit from fake news play with small investors and make profit from small investors always , this is the reality of thing . the crypto does not have a value since playing with prices , i hope they will stop dumping very soon , dont sell this is my advise

There's no end for this mate, and this kept happening every time Bitcoin bounced so high. This isn't a new scenario but same situation that we've been experiencing for the past years. We need to be strong and be smart once another trigger of bullrun would possibly happening. When there's a quick fall, there's also possible quick recovery.

The fake news will always release to fear the people so that groups can use the benefits of the people's fear. We saw the news about China bans bitcoin, close bitcoin mining, and other bad news, making people worry and finally sell their bitcoin. If many people do that, it can make the price jump to the lower price and need more time to back to the current price. We hope people out there will not panic with the bad news instead hold their bitcoin and use the moment to buy more bitcoin.

This only proves one thing now mate that the market is very healthy and the volatility is indeed taking part, imagine that we continuously having
this pump and dump prices and not only in ranked coins but also even shitcoins meaning investors are going in and out and also issues are coming here and there
in which making the volatility more functional these days.
From Elon Musk playing with Bitcoin and dogecoin and China banning the mining and also the use of crypto.
those are enough reason to make the market shaken like now and the bitcoin is almost going in lowest .

And that is actually an important point to make,,, enough to shake the market, but not enough to even bring it close to toppling. Bitcoin going in lowest, you say? You do realize it's over 50% more than the 2017 ATH and 10x more than MArch 2020 prices right?

Not even to talk about other alts like ETH that are 20x where they were in 2020 prices!

Ah,the Bitcoin price dropped by 10% for a while,and again we have newbies asking "Could this be the end?" ;D
We shouldn't pay attention to price movements in the +/- 10%  price window.Bitcoin will remain volatile forever.It surprises me that there are people in the BTC community,who panic after a 5-10% price drop.
OP,you should just use Google and read the news,instead of posting low quality topics and asking pointless questions.

To newbies this is hard for them to understand, for old timers it is no longer news, @op don't worry so much about this current drop, it happens every circle asnd as much as you try to understand the reason behind this down trend, you can hardly come to reasonable conclusion because people have different version why btc is dumping in price, the best thing to do at this time is be calm and don't panic.

Lol, so every time the price crashes, bitcoin is dead? Is the first time you are seeing a crash? Look at the charts. See how many times the price has crashed, yet it still lives. Every time the price goes up, it goes down again. This isn't something new. People call it a correction of the price.
Look at the charts. You will see that in the long run, the price has actually gone up a lot. Compare the price from last few years and you will know what I am saying here.

Bitcoin is dead
Bitcoin is over
blah blah blah...

If we do consider on how many times bitcoin had died then these plunging is something
to be part or casual events on this market.

https://99bitcoins.com/bitcoin-obituaries/
https://www.coindesk.com/bitcoin-obituaries-2020

People shouldn't freak out and instead seeing these events as opportunities.

I think there are way too many people who are new to crypto or even basic stock investing who don't realise that "Stocks can go down and you can lose money". There are tons of people on Reddit or Twitter who are surprised why Doge isn't over $1 by now.

Then there are those that understand that investment is risky but they will invest more than they are willing to lose. There are tons of people who took loans or sold personal possession to buy crypto because some billonaire predicted that Bitcoin should be worth $250,000. They figure when it was at $65K that it should at the VERY least to go $100K and they bought the top and are now panicking every 1% that it drops.

Well,,, people do have a right to freak out and if nobody did, we would never be able to have all these wonderful opportunities to get Bitcoin at the dips or to enjoy longer periods of accumulation. 2018-2020 was the wonderful time for me, people freaked out and delayed Bitcoin getting to 20k again. May it happen much more for all of us who have yet to achieve our Bitcoin dreams:)

Never use the word end, else people will find you so ignorant and do not know what you are posting, you can have doubts on the market but thinking it's the end of Bitcoin is such a big joke, it's already ten years and there are thousands of predictions that failed that Bitcoin will die, get the fact first before making remarks about the market condition.

Yes. Not only could this be the end, but just look at the data. It clearly IS the end. There's really no serious debate about it.

Many people are desperate when the price of bitcoin drops like now, I suggest not to make bitcoin as the main investment, it takes patience if we invest bitcoin, remember that the initial bitcoin price was not up to $ 1.

Bitcoin rose extremely too fast and I guess it's currently doing some corrections before heading for the bull run again but for the main time it's a good time to buy the dip and hodl for the future bullish move which no one knows when this is going to happen but speculators are estimating $100k-$250k but we aren't so certain about this and it isn't an investment advice either just a suggestion.

Not all the drops are about freak outs, I mean sure some people definitely freaked out but I believe there is 50-50% in both of those. First of all the drop wasn't all freak out, maybe half of it, the other half was selling to buy cheaper, the liquidations and many other stuff bla bla, but it wasn't all people panic selling.

Secondly not all the people who say bitcoin is dying are the people who sell and fear it will, some of them are people who just hate bitcoin. I have seen people who never bought a single satoshi in their life go crazy happy about bitcoin going down, it is just bad people I suppose who do not want other sto profit from something they didn't profit from, if they are poor then everyone should be poor instead of everyone should be rich, that is sort of the mindset. At the end of the day not everything is all good and not everything is all bad.

If you consider that Bitcoin has risen greatly compared to other assets in the last few years it may be unwise to keep looking at such short periods of time. You really need to make a personal decision as to whether you are an investor or a speculator. An investor will try to determine the future of Bitcoin in 5+ years - they may always be buying, keep it at a certain percentage of their portfolio or stop after they've accumulated a fixed amount. After that they will simply sit and wait to see if their prediction came true, much like a gold buyer in past decades would have done reasonably well. It takes a great deal of patience and ignoring the large day to day swings, if you have made a determination of what the true value should be. The is a wise investor. A speculator thrives on volatility but can lead a very stressful life in trying to make short term predictions, often wildly affected by circumstances outside of their control. It is dangerous to be a speculator and very few people do it successfully.

No one could actually determine for these movements to be pre-bull run or typically the start of the bearish market and we would eventually know when we are actually on there or in the situation we are facing or experiencing on.

This is what makes this market really hard to guess or make out predictions due to random movements in price where it neither do make out some reactions
towards fundamentals that are happening around.

When it comes on seeking out for the reason then better not bother yourself or finding out for the accurate thing because pointing it out would be the hardest part on this market.,

The current China FUD is probably the thing that we have to blame for it but it's not something to worry about because I am pretty sure that like any FUD out there, it will probably have the same timeframe as any FUD which is short-term.

I agree it was not a freak out, not in terms of how deep the markets crashed (as they did not really) but I was just saying that people do have the right to freak out:) And I am happy that they do,,, because it keeps us below rally levels for longer, meaning much more powerful and longer rallies when they eventually come:)

For me, everything that happens is good, for the long run!

And that is only the times bitcoin has been declared to be dead, if we actually counted the times bitcoin was said to be a scam I think we could reach the hundreds of thousands of times in which this happened.

You know, I understand that newbies get scared when the market goes down quickly and things like that but at least they should learn a little bit about the market before they come here and say that bitcoin is over and silly things like that, if bitcoin dying means seeing bitcoin at 32k then it is easy to see that bitcoin coming back to life means seeing the price of bitcoin way above 100k.

People are coming to agree that it's not a good investment. That's why.

There are many aspiring investors who are trying to store more Bitcoin, they are the one who really benefiting a lots from this correction.

Those who are willing to take the risk and do against the market trend are the one who mostly earned decently, if they are able to hold for much longer

period and they are trysting the system, the cycle will go to their direction and favor their investment.

Yeah they do have a right to freak out, which is understandable, I just wanted to say it is not all freak outs, otherwise not trying to say people didn't freak out at all. What we have in our hands are both freak outs and also the bad people that is what I wanted to say and that is why I said 50% because freak outs do happen.

I mean look at how many people act so bad towards bitcoin, people who usually do not invest or maybe invested and lost, that is why I think it is very bad for them to do something like this and I hope that they don't but people who will hate bitcoin will come more and more, because we have more and more people who love it as well. So just accept the fact that they exist and you would be fine. Once again this isn't to say that people didn't freak out, that make sense, this is just to say it was fine and nothing special and there were haters along with it.

And this is the time they would be saying to those who do keep telling that bitcoin is dead that they had regret out on not able to buy when the price was still cheap or simply missed out the opportunity to sell and this had been a common reaction for most people and they do only realize when its too late even though this market would have this kind of normal cycle or movements which you can eventually still make money on next possible dip.It is really just a matter of risk taking of particular investor or trader because not all would be having the same taking and decisions to be made whenever they do experience such situation.

Most people who sell or panic sells are just newcomers in the cryptocurrency space and don't have a lot of experience in the past Bullrun, we know that bitcoin could easily explode at any moment, and selling at a much lower price will just bring down the price more because of panic selling.

But at some points it's gonna stabilize maybe around 35k$-40k$ for a few months and then explodes again at any moment, in my opinion, bitcoin has a lot of demand compared in the past year and I could guarantee that it will skyrocket just because of low supply alone.

I would like to see it at a much lower price so that I could buy more bitcoin, I still accumulating bitcoin, I just buy and buy because of the low price and it's gonna be a big profit in long term.

The problem is that English might not be their first language and they term them as the end of bull run as end of bitcoin and you can find many threads and responses like that in the forum and that is what i think of these kind of responses.

When it comes to the market situation, there are several reasons why we are seeing price correction often, first the market rallied to $63k in a short period of time and it did not sustain that valuation for long and now we are struggling to cross $40k for the past several weeks and i believe we will be trading in a range for a while before we break the resistance and for that you need to have patience.

No, of course, not. It was just because of Elon Musk’s tweet claiming bitcoin is harmful to the environment. But now that people have got back to their own analysis, they have started investing in and trading bitcoin just like before.

This is not unique to crypto only though,,, every system has inherent risk and the rewards for those who take that risk are always higher as proportional to the risk they take. The safer the system, the less the risk:reward ratio. But let us not be fooled by thinking there is no more reward to Bitcoin. It is STILL high risk in comparison to so many other existing things out there:)

Sometimes being too worried as well not enjoying the moment leadks to difficulties in accepting the profit,  if there are time the market seems good take advantage on buying but still will limit on what to buy. Same with other design or fabric. Or buy in people who our not tag red or shows concern I in investing.

There were many things/events are causing the market price of Bitcoin to fall, but I think this is what’s expected to happen after a bull run, and let’s say maybe a lot of people are starting to cash in their profit and that’s why the market had been falling.

Most of us wants the market to go up steady so that we can keep making a lot of profits, but it doesn’t work that way, there is definitely going to be a bearish trend at some point. Although one thing I have noticed is that the lowest is usually above the lowest in the past. So right now that we have seen the price go as far up as $65,000, when it drops it’s possible that it might not go below the price of $28,000.

I know that we are not going to be able to actually fix this easily, I know that it is going to take time to recover back to 40k+ and price tries to haggle above 30k right now, reached 33k back recently so that is a good thing, but still far away from 40k. However it is obvious that it is not going to be easy, it is definitely a troublesome situation that we need to learn how to handle.

Every time it drops there are people who think it is crashing and panic sells their coins, every time it stops going down there are people who think it will skyrocket right away and buy, maybe we should be a bit more calm. Look at the volumes and liquidity, it got so much bigger in the recent year alone, it has been really crazy, I personally would want to see crypto doing great, but I do not want it to go up super high if it is going to crash back down again so quickly, I want it to go up slowly but steadily and stay there.

We know that market cant just pump forever or having a bull run for a long time.It wont be called a market if there would be no corrections and dumps like this because that would really be ending up to be manipulative one.

Profit taking, whale manipulation, random dumps.These are several reasons on why market do really decrease out its value and if you are a trader or investor then you would really be needing to be wise on riding up with these waves.

If volatility wasnt here on the first place then this community wont really be this big.

Its been about 6 weeks since BTC entered into a fairly steady range, its been volatile in moments exceeding that range before resolving itself with price retracted and returned back to a course sideways overall so it does not resemble a plunge since the movement of price from the highs its been here back and forth.
  We are not at 40k and we're even less near to 30k overall its reeled in both sellers and buyers in order to find who will last longer in this holding pattern (https://talkimg.com/images/2023/06/12/AJ2cm.png).   The 50 week average below is going to rise quite slowly, that might determine a time to break out but sooner is the 50 day average declining to these prices.   We might at first be restricted by the decline in 50 day after that it may relieve selling pressure and we rise.

It's so sad to see that there are newbies that always think of bitcoin's end whenever a correction comes. I think it's important for you guys to be aware of what you're investing with your hard-earned money before you deal with the market and buy your own bitcoin for your stash.
Having no knowledge or the background what happened in the past will make you feel bad when bitcoin plunges. It won't be dead and it won't just come by a surprise.

Many factors caused the bitcoin price to fall today, including the controversy over Elon Musk tweet, many whales selling their bitcoins and also the Chinese government current ban on crypto activities, but from some of these reasons, I think the Chinese government has banned bitcoin mining activities is the biggest cause of the current fall in the price of bitcoin, admit it or not China is one of the mecca of the world economy today, so any sentiment issued by the Chinese government will certainly have a direct impact on the world economy, including in terms of crypto.
The second possible reason that caused crypto prices to fall is because the US monetary and fiscal policies are considered more catalytic so that investors see the possibility of the US central bank, the Federal Reserve (The Fed) starting a quantitative easing program that increases liquidity.

we are all wondering the reasons why prices fall, something normal for us to ask these types of questions, in my opinion what happened was the following:

paypal made the announcement that it was accepting bitcoin and with that the price increased a lot until it broke $20,000, but precisely until it reached $28000, then the elon musk twitters appeared that boosted the price until it reached $60,000, reaching $60,000 elon musk shoots negative twitters about bitcoin and this caused people who already had profits to start selling causing the price to drop to $30,000. after that it's just an oscillation of $28000 - $30,000 which is strong support and to $37500 - $39000 which is strong resistance, ie when it doesn't break resistance it falls to a strong support and when it doesn't break the support rises to a strong resistance

The price is already back over 36k price, which is all that we need to know about the market. What does this tell us? Well it tells us that even when Elon tweets, even when Chinese miners close shop, even when everything seems like it is going to suck, we still end up going back up again at these prices.

I am not saying that it went to a great price, we were over 40k just two weeks ago so that drop did cause it to be overall lower than what it was, however it also showed us that even when it goes down, then it goes back up and that is what we should be looking for in the market, a failure to keep going down. So, this means that if people end up buying at near 30k levels, that is going to help them and it has already happened three times total when price reached near 30k (and even go down under 30k once) and then went near 40k levels, that is a great profit to make if you took advantage of it.

Which is why I do not trade and just set long-term goals for myself. Buy every time you have cash to spare,,, or save whatever earnings you get in crypto. And then do not check.

The worry comes from having money you cannot afford to lose,,, and the constant checking markets where you cannot even change anything anyway.

DCA is always the best for most people.

While it is a common advice that people should only invest what they can afford to lose this is a very difficult advice to follow, after all a person investing in any market is doing so with savings that took them years if not decades to accumulate.

This means that people are going to get anxious of every single market movement and even if many people are still in profits despite the current price this does not change the fact they are worried that a new drop may come which may reduce their profit margins even more.

bitcoin will not end mate because it's still so high and expensive and it's too far to become shitcoin fyi. Lol probably you were new in the space reason you don't know anything why it often happens to bitcoin and what are the causes behind of every fluctuation in the market . You need to make research mate in fact all the information can easily search through Google so you must try it if you have more questions about how bitcoin really works and etc, because it's very informative through that way to be honest..

it seems that you are an optimistic person and also dare to take big risks, so you dare to save and target prices according to your own wishes without going back to looking at current market conditions, to be honest, I personally feel the need to continue to monitor the assets I have and when indeed I think the price will no longer rise, I will prefer to sell the asset even though I have to lose a little money that I have.

The main reason for the collapse of Bitcoin is due to a series of measures recently introduced by China that have led to the price drop. Decline, but Bitcoin has also rebounded in the middle. I would rather regard this decline as a rest period for Bitcoin, because Bitcoin has risen very high since last year, and it will take a period of time to adjust. I think this is to reach a new height. There is no need to worry too much about the price of Bitcoin for the necessary rest period.

Bitcoin has been stuck in the $30-35k range for the past few weeks and I agree if this is a break after the ATH movement in the last few months, the period is highly anticipated as bitcoin has declined by more than 50% and the opportunity to buy cheaper to hold in the long term.

Bitcoin is declared dead by many people, but it will return as a victor every time. After each plunge, it will still rise, ups and downs. However, the recent suppression by China is clearly a more critical issue. Although it will affect, but the problem is not big, he will still exist, and the future can be expected.

for those who have been in the crypto world for a long time, of course, they realize that crypto is a volatile asset so prices can go up and down at any time without anyone being able to predict 100% accurately, and the decline that is happening now is no different from what happened in 2018. (repeating cycle) so that those who are optimistic will certainly keep their bitcoins. Actually what the Chinese government did this year, has also been done by the Chinese government in 2017, but the difference is when the Chinese government banned bitcoin but on the other hand they tried to make their own digital currency, namely the yen in digital form, but now This expulsion of bitcoin miners is one of the triggers that makes the market fall, but even so, if we look at the existing experience, of course, it is very likely that the bitcoin price will improve again on the condition that there is a positive impulse or sentiment that will return to the market later.

Of course it doesn't mean that this is the end. You are saying it like we are seeing Bitcoin like this for the first time. Bitcoin has had many bad periods. We've witnessed many bear markets. After some time, Bitcoin always recovered. This is a similar situation also. We will see the price getting stuck at these levels for some time more and it will start recovering after a point.

That's literally me, I have been in crypto even before the 2014 bull run, so I have seen this now 3 times so far and I know what is going to happen. I realize that the price of bitcoin is not only volatile but also goes up in the long run, in 2014 when the price reached 1400 and dropped people said it would never recover, then we have seen 20k in 2017 and when it went down to 3k in 2018 people said it will never recover and now we have seen at highest 64k and now there are less people that say we will never see that, because people finally realized that bitcoin could go down but it will always go up in the long run and that is what I like about it as well.

All those news and bad stuff that is coming out of some nations are irrelevant because the price will always go up in the long run and that is what I care about, in a few years 64k will not be ATH for sure.

China news is over though, but perhaps we are still feeling the impact because the Chinese miners may have pulled the plug already. We have seen the hash rate falling down hard recently. In any case though, the impact will not be long term. And it's good that the minings are no longer concentrated on one country. So let's just wait for a while, others call this boring, but the best thing to do is just continue to accumulate and wait for the bull run to resume. And bitcoin is not going to die or something, it will continue to thrive and will go on it's normal cycle.

Stuck in a range, gains unlikely is enough to contain any upside action from fast profit taking.  It can easily make a graph look like a plunge when its a normal reversal and tide change going through more of a cycle then a collapse.
   There is no more to doubt then the rise itself was impossible, my firm belief is we end the cycle between tide upwards and back down further ahead and so overall in a bullish formation longer term.   People of course look at prices daily not so much on a year cumulative view, we are all a little more impatient then is best given with a full perspective view .

There is nowhere on the earth that will make you invest in something, all markets are acting the same way as the stock market and inflation is also rising which is why everyone is selling their coins to buy something they will need. Looks like everyone is going to lose money after the bullrun. To some analysts the market isn't going sideways, it's going down to $24k. We could look at it as a notification to sell or just hold until another cycle.

Yes  Possibilities that Miners had already pulled out the operation but surely they are no starting to find migration , Miners will not stop mining just because of the regulation as they are free to transfer their mining in countries that they are most welcome.
That is why we are having a Best future now as the miners will be scattered around the globe to continue their operation and not just in china .
Waiting is the best weapon in crypto , there are prizes on those who can wait as this has been proven for long time now.

Not possibilities, it's happened and with more en route in countries all over the world. The clue should have been in all the media coverage of the move actually. Happy people packing things up in a nice way, and very organised and orderly. This wasn't a panic mass exodus with China setting out the dogs to chase miners out. It was simply a state decision (which they'll come to regret).

I'm done expecting that this current price would lead to a break of new ATH, it's been two months and nothing happens. Maybe if Elon Musk make some miracle again in this market maybe we will see the expected price. The time of accumulating Bitcoin is already done last year, we should accept the fact that this will lead to a bear market soon.

If you look at the price already there's no guarantee that this would lead to break a new ATH. Maybe if this is year 2024 it would be realistic to believe that the price would pump and break to six digit figure but nah, this is just a consolation after accumulating and gaining profit from the bull run.