Bitcoin Forum

A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

Haha I don't know which world you come from? Bitcoin went from 64 to 29 and then once again went till 69k, it has never gone to 74 as per my knowledge, the thing is market can never be stabilized, because market participants are here to earn and that can only be done when market fluctuates, but eventually market is increasing day by day, in a longer term over these months markets have just grown up.

Zoom out the chart and start only in last year, the market has been bullish since last year.

It didn't reach $74k yet but we will be there and that's why I'm telling you to zoom out the chart. You've seen the lowest and it's still up from that moment to this moment. The sluggish and plunging is normal after all of these months that it's been pumping, so there's really no need to think of it if you're long term. But as a short term investor, you'll feel worried about it.

I don't know if we're viewing the same chart, but it's only 2 or 3 weeks ago wherein bitcoin and other cryptocurrencies started to crash. There isn't any definite reason as to why the dumps happened but since it's been going up for so long, it has to come down eventually. We never really reached $70k just yet, and the peak of this run is just $66k, $8k short of what you are trying to say.

In 2021 alone, we've had a pretty good run, and it's generally bullish if you zoom out the chart. Some slumps occurred here and there but still, we're up by a lot since the start of this year.

Sorry...Sorry...Typing was mistek. It was seven instead of six.

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I made a mistake typing. It has been seven instead of six. Sorry. And you are right that there is no reason to worry if it is long term but it is a problem in the short term. But dumps so much that it is beyond imagination?

what you have to realise the ATH (all time high) is not a supported stable price. its a temporary hype bubble that corrects itself

you wrote this topic as if the $64k was a price that was suppose to remain and the drop was the surprise.. you have it backwards the LOW is the expected price and the high is the surprise

what you notice over time is the temporary high spike is testing the roof. and then relaxing. and then slowly the stable lows come up steadily until the lows stay at new risen value, by which when the lows match a old ATH. then a new ATH is tested

take 2014 when $1200 was tested. it then corrected back down, and then slowly rose back up by march 2017. to match the previous ATH, and within 9 months it tested the new high of $20k.. and corrected down. and then slowly rose back up by dec2020 matched previous $20k ATH. and then tested the $64k. and then corrected down to $30k. and slowly rising and eventually when the price can see prolonged rise with the LOWS being at $65k+ stably. then you will see the market move forward to the next goal post

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Since when it's been dumping the last few months? It's been bearish for just a couple of weeks now, which is expected, it can't always rise. Let me remind you that the new all-time high of $69.000 was reached exactly a month ago (10/11/2021). There's nothing to worry about, I don't get why everyone is freaking out and complaining about the market's state.

I think everyone is freaking out and panicking because they are always expecting for bitcoin to reach new peaks every december, but this year may be quite different.  We will no longer witness bitcoin with its all new all time high if the correction will continue the whole month. But knowing every after correction, a new support level will be reach so it will make the crypto market more interesting. If you zoom it out, we are not yet totally in bearish season so we still have chances left to see bitcoin recovers and starts to set for its new peak. 

The market of bitcoin is getting dumped for the past few weeks. In particular the price dropped and was fluctuating around $48000. Possibly this can drop very low over the coming weeks. The market experienced an all time low of $42000 this year. So, it is on the bearish trend which is supposed to drop down to $40k in the upcoming weeks as the Christmas holidays are falling.

Primary cause?
1. Huge sell off from whales or institutional investors
2. Fud
3. Regulation issues

If you do experience those drops then get used to it.The question is that, you do able to buyback when coins are cheap? Or you had just wasted up the opportunity in doing so?

Not all would really be that positive on doing such move into these times yet you would really be thinking off that this would be might the end of the
market but look at we now? If you have invested and make out some active buy and sells in short time then you had just made out some profits.

corrected that for you

the bitcoin market is very worrying at the moment and it looks sluggish for asset owners. I see many colleagues have started to lose enthusiasm as the market price fell and became discouraged by the red zone conditions. The market continues to fluctuate as it approaches the Christmas and New Year holidays, is this the main trigger for bitcoin to fall. I am a little worried that the market is getting weaker and the support has started to disappear from investors, could investors be silent and wait for the best moment to invest again when the price is at $40k.

It's healthy because NPUL now looks better and RSI falls down to very low level. It is combined with on going Supply shock. It is good preparation for something bigger.

No matter it is, we might end this year with very good growth compares to the year of 2020. Institutional investors don't simply invested in Bitcoin and let it freely falls.

They have plans to accumulate more Bitcoin and to take profit at high price definitely.

You need to look at the charts. It hasn't been "for months", it only took about 2 days for bitcoin price to have a drop and then stay there.
Again if you look at the charts you can see that this is a very common pattern each time we have a rise. Price comes down a little, sometimes as a correction, sometimes as a panic sell,... then it enters accumulation phase before it goes back up.

If you also look at the altcoin market you can see that over the long haul they are always dumping so again this is not "for months" it is "for years".

I get your point, last December and the market was bullish reaching new peaks, however, we still have 20 days for the year to end. I don't really bother to be honest, a new all time high was achieved exactly a month ago, while I get people's frustration with FUD, Covid and whales selling, I doubt that there's much to worry about.

It's normal. You have to accept that crypto is volatile right from the start. There's no such thing as a stable market in crypto making it a risky investment. That's why don't expect that once a bull trend happened, it will always be the trend for long.

The good thing about crypto being volatile is, you are not forced to always buy at the top. There's always a chance to buy at lower prices and what you need to do is to act when there's a sudden dip.

https://i.imgur.com/QfwHXYx.jpg

If you keep looking at smaller time frames you will definitely not see the true picture of where Bitcoins market position is at right now. Yes, we have been having corrections in the market as you can see but I believe we are still on an up trend regardless. It is not possible for the price to continue to go up without a correction but also know that if you are not for the long HODL, you can always take advantage of the fluctuations.

No, it's not, it's usual to bitcoin. You probably haven't seen those large corrections that happened in the past, those corrections were the hardest and really mentally broke a lot of people.
And if you're thinking about these recent corrections, as I've said, you don't have to worry. Do not let the corrections break your plan of going long to bitcoin or even if you're short, just make a position that you're going to sell in profit.

The op sounds very dramatic, but I don't think it's such a big deal that Bitcoin is at $48k rather than $60k right now. The price is still quite high, and I strongly agree with those who are suggesting to zoom out the price charts and look at the bigger picture. Bitcoin  has its upward and downward movements, but overall it's still making progress and tends to fall to a higher price than during the previous falls. It fell almost to $31k on July 21, then almost to $40k on September 20, and now almost to $47k. So even if you examine the bad times when the price is dropping, you can see that overall confidence in Bitcoin and the demand for it is getting stronger.

OP is one greedy SOAB, bitcoin has gone down to 30k this past months so I don't see how you're being pathetically angry that bitcoin is on the red, as if the green days should go forever. Did you bought at the peak that you're being mad about the market dumping?

 ;D that's cold, I believe that's must be the case because from what I see, I understand that the price is down but not to the extent to which the OP is making a big fuss about it. This is expected in the market and even if you bought close to the top, you must know that there will always be a good time in the market again.

a reasonable market reaction, don't we already know that bitcoin has high volatility, why do we complain even though the decline is still within reasonable limits. if we buy at the top, then we can buy it back when there is a decline. does the OP buy with all his capital in one price, so that the ambition is that the price will continue to rise

It was a normal phenomenon in the market. It pumps and also it dump naturally as of many factors that cause for such trend. But, I don't think that we need to feel bad about the situation and even to feel worried. No, it wasn't the end of crypto nor did it lead to becoming a stable market. No signs for that, actually.

We have had a huge correction in the past few days but recently, we have even seen the market in an uptrend motion. We're moving back high again and one factor is that people are not in panic selling but instead, they keep hold as they know that it won't help the market to recover as it only leads to dumping more.

you only mentioned the decrease in prices but never mention anything about the increases happens for a months now?

and wrong because Bitcoin in November made its way to more than 68,000 before falling down again to 50k level.
so this means one thing that you are just pointing to what dumps bring us but not about the Pumping.

Yes, that's how people, when there is a good increase, they will discuss the increase and also predict the next price and show feelings of joy because the price continues to rise, and vice versa.
and what actually happened to the market, especially bitcoin, is a natural thing and what we need to do is be patient and also don't need to panic because sooner or later the price will rise again.
we have to learn from experience and what has happened before because what happens in correction can take a very long time as well as a short time, and that is where we are tested and what attitude we should take because what actually happened is normal.

Well, from my perspective, and that is a perspective which comes from watching two things: the news and the chart. I can only say that this is a regular correction which is kept being pushed down by bad news like the omicron news, the news about Biden inflation and some other small things.

I would not call this a dump. Rather an expected dip. The monthly has been up for too long and we were very oversold on the RSI. I recommend visiting the speculation subforum if you want to speculate...

I could not disagree with you that. Maybe through such, we can see how different people take on and internalise each market movement, and so their intentions and faith in the future of bitcoin and any other cryptocurrencies. Indeed, attitude, patience and faith are tested during such times.


Agreed. Correction is regular phase in the crypto market and is something that must be definitely get used to by every individual who indulges in under such market. As they say, it will not be always rainbows and butterflies, but at the end of the day one who perseveres and believes will gain reward.

Still reasonable because what we can see from the history chart it is still very healthy this is just a correction like what happened in July 2021, so don't worry about current conditions. dumps and pumps are normal in the crypto market and this is the right moment to buy some coins that have the potential for the next bullrun

I don't see any reason to say bitcoin dumping for months, my question is why people don't ask why bitcoin is bullish during the last years. No matter if you are talking about bitcoin or anything else, of course, the price need a correction and need to get some rest after months of being bullish and if you check the price in long term you will see these corrections are very important and needed for the price to reach higher targets. Because at these price levels people and the bulls can buy bitcoins at some cheaper price and hold, it will just take some time.

That's what it is mate.. Buy low and sell high so probably holders were dumping right now for goods wherein to prevent losses especially those who invested for short term only. So don't be surprised because its a common event in the space..infact that's why the crypto market has a bullish and bearish season for that reason. So just relax if you're a long term holder and you don't need to dump money for xmas..  ;D  just wait for the dip instead so that you can add more for the next bullish season..

Nobody said it has to be a stable market. Crypto is known to be a volatile asset and it is expected for the market to be volatile during bull/bear runs.
To be honest, the current pump and dumps are comparatively better than the previous pumps and dumps.
Take a look into the previous cycles and you will know how volatile the market had been previously.
I think the market is maturing every year and things will get better in the long term.

^ You are definitely right, things are getting better in the long run and that was BTC is.
I don't mind if there is a correction in BTC, instead, I may think that it is the right time to accumulate more if I have extra money to invest.
That is normal to the BTC price, it will always fluctuate because of the volatile nature that BTC has, as you said, this is known as a volatile asset which is nothing to worry about if the price will drop. Just keep holding your asset and you will never regret it in the future.

Yep, those who have been in the 2017 bullrun/bearish run have matured enough in the next 4 years because they've seen enough of the market, and how it goes during that time. But for sure there are newcomers who really don't know what to do, or expecting more from the price movement.

Specially everyone might have set that in December we will hit $100k, but it's not going to happened. But we need to understand and be mature enough that not all predictions are going to happen. And maybe that's one reason why the market is still strong even if we miss that 6 digits.

People who experience that will not surprise to see this happening right now and many people get used on what they see today since the happening before is more worse than what happened these days. But hopefully we will not go the same since it so suck to have long time bearish condition so hopefully we can see a huge recovery so that we can still see the market go strong and potentially it will reach to $100k as people predicted it.

You should be lucky when it goes down so that you can buyback again if you are trading but if your reason is simply just because you want to cash out, you better think deeply why is the market doing this. Besides, the $68k is just your lucky price if you compare it to the price last year. You should be glad it's finally staying this long unlike the other bull run days it won't last for a couple of months.

HODL if you feel like losing a lot and wait for your desired price to sell.

Not all people have already sold their assets and converted to USDT, I guess only a few people can buyback this time. I am one of the unlucky people who saw my assets drop much and no longer have money to buy at the dip. So, I can feel what HridoyHk's feeling (OP), he is probably worried that crypto market continues to drop.

I did it, prefer to hold than selling although the market continues dropping. In my opinion, there is still hope for another pump because I think the end of bullish is unlikely like this scenario. So, I still set order sell with my targeted price on each crypto coin. 

I think the reason why many people complain is due to people like that s2f guy on Twitter who was promising that Bitcoin has to hit $98K at the end of November and like $150K or so in Dec and Jan.

These people all bought Bitcoin at >$65K because they were conditioned to believe that. And hence this is the reason we got this dip. Most likely we will trade sideways for 2-3 months to weed out these people who are in it for the fast cash.

Or maybe they are complaining because there is no logical explanation for the trend change and the big drop that brought price to below intrinsic value of bitcoin, under a strong resistance. Even if price remained somewhere around $60k for months nobody would have really complained. But $49k-$48k prices don't make any sense at this point where intrinsic value is a lot higher.

It's always hard to pinpoint the exact factor behind the price of bitcoin dropping, but to my knowledge, it seems that one of the factors that caused the price of bitcoin to fall so deeply was the statement issued by the FED regarding tapering off. This makes a number of investors afraid of the emergence of various speculations. However, I believe that in the longer term bitcoin remains bullish although it may seem that the current bearishness continues at least until the end of December.

i don't think that we are heading towards "Stable Market" the volatility of cryptocurrency will remain forever same as the value of Bitcoin.

in this i believe that we are just going through some hesitation from Holders and some manipulation about the whales , and the most affected one are the Newbies and weaklings .
I'm afraid that if this continues then many new comer will be again become loser and may not trust the market again like those who become victims after the 2017 Bull market and when 2018 comes all of them are losers .

The Bitcoin market isn't supposed to be stable.If you want a stable market,then go for stablecoins or fiat currencies.Bitcoin is volatile and it will always remain volatile,despite the fact that many people don't like price volatility.
The spring price crash was a price bubble,which was pumped by Elon Musk and then popped by Elon Musk,with a little help coming from China.
The current price crash was a price bubble,which was pumped back in October by some bullish news about Bitcoin ETFs and BTC miners moving away from China.That bubble popped,because there wasn't enough demand and buying power to sustain the BTC price above 60K USD.

Nobody is become a victim If they study and know what exactly they're putting their money into.
These kinds of posts are most probably a product of worrying that they might lost what they have invested to Bitcoin. Rather showing frustrations over e declining market, thus seeking some advices from old investors to ease the worries they have been experiencing.
Look at how he mentioned about Bitcoin value stabilization. That's one indication right there that they haven't fully understood where they put their money into.

The reason why people assume that it is getting more stable these days is the fact that we are living in low volume and low liquidity part of the market right now. Doesn't mean that it will stay like this, there is a good chance it could drop with a single bang and we would be all shocked, or it could skyrocket to 70k+ prices as well.

However, the situation right now is the fact that we are living in a world of stabilized market not because people are getting close on sell and buy orders and everyone is keeping it around these prices, it is mainly because there are not that many buyers or sellers. The ones who own bitcoin are mainly holding it, and the ones who are not in are not getting in, and there are some smaller number of traders who buy and sell between each other making some smaller amount of changes but that is about it. This is why the market looks a bit more stable these days.

They prepare to hold than to sell as they know that Bitcoin will grow more. They tried to picture what happened in its early days, nobody thinks this will be multifold many times and that is what they think right now. I may agree with that thing but something we don't live like this forever, without selling/buying, we can never expect the market to grow as well. And this gives a way to think that the volatility of the market stays and it moves up and down depending on the market demand and supply. It can never be stabelize, ever.

The price volatility of bitcoin is the reason why a lot of traders are attracted to this currency.
They are hoping to gain profits from this market. So being stable is not the factor that they are looking for.
The price decline may just be the correction that we need to see after reaching different ATHs this year.
But comparing to previous years, we are still way above as compared to the last decade of bitcoin life.
So people should not complain when btc is in the 40 or 50k level, because those levels are already great as compared to previous years.

People over use that phrase, BTC was feared to be a bubble so many times but its been a decade already so that bubble was cast in iron it would seem not really matching those dynamics.  Volatility is always there however both in ability to rise and pullback as we've seen.    The OP is a bit out of line in his description of price action, we have not even neared the lows of the summer and this current pullback just amounts to profit taking to be expected as normal in occurrence.    
  I quoted your text especially as the signal to sell especially was the new ATH which failed to hold and after very positive news in the BTC ETF being made available.   If we cant continue in such bright sunny days, then expect a colder wind to blow in with this selling its not new we've done it before and my appraisal of this entire year is positive beyond any normal expectations.   This is the perfect score overall, even if we ended 2021 in the 40k area that'd still be my opinion BTC retains extremely good health in terms of its market performance and hopefully continues to improve across all dynamics also.

How should this be a sign of a stable market when everything that is shown here is the exact opposite? What is being shown by the sudden rise and fall of Bitcoin in the thousands of dollars is instability. It shows how volatile Bitcoin's price actually is.

But this is not a big problem actually. This just shows how healthy the Bitcoin market is. There should be a cycle. There should be rise and fall or bull and bear cycles, a time to sell and a time to buy. Only that in Bitcoin it is better to just hodl than converting into a falling fiat.

No i am not supporting this because Yes there are dumping happens many times but there are increase/bumping happen more times for the whole year.
bitcoin even reached multiple All Time High when there are no lowest price dumped for long time for this whole year.
meaning that we should count our blessings instead of looking for the declined in prices.
This may be a reason but we can see that this does not affect the value that hard right? yes the market shaken but not to the extent of coming to Bear market.

Those investors do not think about the future of bitcoin instead following selling their bitcoin right away after the news so that could make the price is down. But the news will not always impact the price and the price will increase higher soon. I do not rely on the news because those media blow up the news and modify it for their own purposes. So if people can calm down when they read about the bad news about bitcoin and still support bitcoin, that will not impact the price and that can give confidence to other people to still hold their bitcoin and buy more bitcoin.

The dump and pump are normal, high volatility is what crypto interesting, lots of traders are making their job profitable, so they'll stay, and bear in mind that whales have the power to manipulate the market, so even if we like to see some stability, that would not happen since they are in control. However, we should not worry about the future of crypto as we can always see in the big picture how profitable it is.

Short term dump is to shake the market, and that makes it interesting.

It isn't a tornado but a hurricane that is raging in the crypto market for months already :D.
59,0000-42,000 in a few months?? Nothing uncommon. We also saw Bitcoin went down from $20,000 back to $3,000 in just a few months so nothing new with the recent correction.

Well, we all saw it so.. what's the point??

Emotions, sentiments from investors and taking profit and also add futures too :D.
These are the reasons why there are so much dumping is happening in the market. People took profit at that price and many positions got liquidated causing the price to go down even further.

With a market cap at around 2 Trillion Dollars, I don't think that it can be considered as a stable market. Many can still manipulate it. Many can pump and dump coins. Bitcoin dumping isn't a sign that it is becoming stable thus, it is a sign that investors took profit :).

I think this is a normal thing because there is a rule that says that after every strong rise there is a strong fall and vice versa, bitcoin has risen and reached new peaks so it was normal for dumping to happen, but this big dump can be explained due to some negative news such as the emergence of the mutant corona virus in South Africa and of course the whales will take advantage of such negative news and pressure the market to the fullest extent so that they can buy the largest amounts of bitcoin from the weak hands, so I see that this dump is normal and the market is now starting to recover and gradually rise.

We are still having a price correction until now and we all expect this to happen once we have passed a bullish season. Yes, this has even more visible when the new strain of covid19 has introduced to the market and leave a negative impact on the crypto market. And to think that we are also facing the holidays season, its always the trend for some hodlers to sell some of the coins they have so they can enjoy the season. All these possible reasons have caused the market to experience price decline but i know what happens to the market will be temporary.

Right. What we have at the moment is purely a regular correction that will always happen in the market and crypto investors should expect this from time to time. And seeing the market continues to drop the prices are also affected by the negative news in the market and when big whales ride with it, it will certainly worsen the situation. But they say be patient all the time. Things like these will not stay for long so we should still look the positive side and hope for bitcoin to recover again so we can witness its new ATH. At the end of the day, only those believers in bitcoin will succeed and weak hands will surely end up making losses again.

From 68k down to below 30k is the lowest this year and i think you forgot to mention that part right?

bow look at the market, stabilizing at 47-49k is not that bad actually because if we will look deeply we can see that the price back in 2020 the value even fall down to 4,000  dollars and what can you see on that ?

this simplify the idea that Crypto market is Volatile and anything can happen , but one thing is positive in this part and that is Bitcoin will continue to increase year after year.

The bitcoin market in the last few days has experienced a drastic decline, even the price of bitcoin which previously touched the price of $68 thousand, actually experienced a decline of almost 29%, today decline was most likely caused by many whales who started to take short-term profits by selling their assets, besides the impact of the new corona virus variant makes people afraid and causes great panic in every aspect of life including the economy, finance and also investment.

Exactly  ;D ;D ;D this thread shows how Volatile the market is and how the prices changes over and over so there is not really stable here .
Again Exactly , the movement of the market shows everyone that the market is functioning and trust worthy for long term investment .

this is only an issue if you are looking for quick bucks because surely you will be affected.

What do you expect from a market that is very volatile, and it's December, everyone, including whales wanted to have some money in the pocket for the holidays. But I think the biggest reason is what you mentioned, the new corona virus variant that is really putting everyone in the market causing some panic and sell off because we really don't know what will be the impact of this variant to everyone even if you have the jab already.

The new variant fear is just a short term fud and for sure people almost forget about that but what may cause the current one right now is the fear of people about the possible long days of bear market season which is almost happening this days. Maybe if this fear didn't settle up until the end of this year then maybe we can say that what happen from the past might happen this year and instead of looking at it on negative ways maybe we should think about its good opportunity to buy some cheap bitcoin at hold it for quite long time.

Volatility is needed when everything seems to have tried to set up a series of fake and fake wicks. Damn, most databases show a solid accumulation of institutional investment conglomerates. The rush to sell that has been dumped despite the completely safe technical signals is untrue. That's clearly a scenario but $42k isn't a bad drop for this year. Hacks are also established. Lol, I think establishing a market sentiment recovery will take time and also a greater chance of getting in this horizontal anchor before getting out of the mud.

This proves out that you shouldnt really rely on technicals most of the time.Sometimes you do need to trust your gut and own analysis basing off with

fundamentals and some other aspects that doesnt really correlate with technicals thats what it makes hard and dealing with unpredictable market.

Market could be on a very long bearish months or years and no one could able to point out on when it would be having those turn of events.

We really have a lot to learn from the history of Bitcoin price movements, therefore we will not be confused by the Bitcoin price which fell quite deep.
Bitcoin has been dumped many times before, and can always recover. So people who always question the reason for the Bitcoin dump, meaning these
people do not understand how Bitcoin works. Even Bitcoin has been in a much deeper dump than it is today. When we decide to invest in Bitcoin,
we must be prepared with all the risks that occur. So it is very important to learn a lot of things first about Bitcoin, before finally deciding to invest
in Bitcoin. So that we are ready to face the very volatile Bitcoin price, and will not panic when the price of Bitcoin dumps.

Right. Omicron variant will only cause trouble temporarily but this current condition of the market has developed more fear on part of the investors particularly with newbies. But given that we are still in a long correction, so we should expect that price decline will till be on going. And more likely, although the market looks bearish these days, but i think we are not yet entering the real bear season. If that happens, there will be serious price dumps in the market and all coins will be affected which will make the whole crypto market bloody. But we still don't know when will it hit the market. For now, let's stay calm and think positive that sooner the market will recover again.

100% true. I know that covid is looking a lot better these days and we are going to eventually reach to a "normal life" one day, even though it will not be normal anymore because of all the things that happened left a lasting fear in everyone if nothing else but psychologically. However, that doesn't mean that we are not going to go back to normal life, and if bitcoin goes up or down based on these news, then one day logically speaking it has to go up a lot when the numbers drop significantly.

That is why I believe that these drops do not mean anything if we are not going to skyrocket when the numbers of covid cases drop, or we are fine because it will skyrocket when the numbers go down, either way we are winning.

For those who have been hear in 2017, yeah, this is familiar territory for us as we have seen it before. But majority here are very news and doesn't know what really is happening right now as we are much into the expectations of 6 digits at the end of the year.

And with that said, it's really better to prepare our selves for the worst, perhaps we have seen $68k for now as the all time high, just saying.

Yeah a sort of something like that has been familiar with those guys who experience that year dump and that is quite frustrating that time but for sure majority of the person who experience that month already know that this time will come and already prepared for what we called worse at this point but I do hope that we can't see that scenario this days since it will frustrate many people to and might it will affect the upcoming adoptions.

Most probably we will have a stable market after the last dump experienced, and as whales took their profit last time I guess it's now time for the regular traders to accumulate on their own. Giving up is not a wise decision, let's follow the trend and go with the waves of cryptocurrency. Nobody wins of we don't embrace the losses.

All who experienced the previous bull market of 2017, this doesn't look like a big correction. For users who have been expecting for $100k it is unexpected. Someday this will happen, but with cryptocurrency we need to stay focused with preparations to face the worst scenario as mentioned in the previous post. This will help us withstand at all market situations and make profit. If not we need to have plan B, so to minimize the unexpected loss happening out of correction.

It should easily mount a turn around here in this area, both for support, trend and moving averages supporting that possibility.   If we do break below 200 day average and stay there on 4hr bars leading to a weekly close then I expect far more trouble at that point.   51k or above I will be more confident then right now where it deserves some caution

https://talkimg.com/images/2023/06/12/AvzT2.png

I'm not very good at analysis but in my view, this phenomenon is a common market correction...

at the end of the year as it is now, the bitcoin price has corrected several times before finally flying and making a new ATH, we have entered the middle of the month and most likely the bitcoin price will rise at the end of this month or early next year.

It seems to me that you are relatively new to the market, after all while the drops that you are talking about will without a doubt be considered huge in other markets this is something that we have seen a lot of times in this market, so for someone that has been here for long this is nothing new and it is not even a sign to worry about, it is obvious this market is volatile we all know it, but just as there is a negative side to it there is also a positive side, which  means that after each one of those drops you can buy bitcoin and most likely you will obtain great profits that are impossible to obtain in other markets in such a short amount of time.

Bitcoin has not yet been legalized in most  of the countries for this reason a slight storm is like breaking but does not. I think it's in the hands of the blue whales now. They can move in any direction they want. But I think crypto education is needed to get rid of it.

When it comes to increase of prices then this is something that cant be known no matter how technicals would be telling it up but it wont really be giving
that precise thing thats why we should really be that keen and wont really be that hopeful or anticipating so that you wont really be ending
up on getting frustrated.

We would really pass up on lots of corrections in the market which you should really be aware of that once you do step your foot into this market.

This is something a typical movement because it cant be called a market if we dont really see these corrections and price movements.

Trusty 200ma hasn't failed me often enough to make me turn away, and the past couple of weeks, despite very disappointing attempts to hold on to gains, I think this time next week we should see where we head -- but not if we also end up neither side (breaking 200ma or above 51k).

Tough to expect retail money to come in and bolster moves up now though with economic conditions everywhere I'm reading just looking more dire.

I don't find any specific reason here. Because I know that whenever the market goes up a lot, some news comes and throws it down again. Whatever the news, it has become normal. Now that the current market down trending, I hope shortly it will be regain. Volatility is the nature of the trading market.

Bitcoin market will come up again and it will be next year why BITCOIN is making downfall is because of populations in the market, actually i started new for bitcoin business can not expatiate nice why the price is going down.

Bitcoin price now on downward motion but what is the actual reason I don't know. But I guess that more popular and crowded of investors that the main reason. Another reason that coronavirus omicron that hampers the world economic conditions. it's a temporary downfalls in Bitcoin price.

I think that another important reason why we are seeing such a slow December is that people are afraid that another crash will happen similar to the way the previous bull run ended, so instead of seeing the increase in the price we were expecting the markets are in doubt of fully committing to bitcoin if we were going to see another crash at January, however I think that once investors see this is not the case then the price will begin to go up once again.

But, since yesterday's late session, we are having sustaining bullish trend which made bitcoin to be trading above $50k levels which means we are not having sideways December month anymore but we may have bullish days for the remaining days of this December.

Now market seems like confident along with decent volume across major exchanges which might be a good sign for getting into FOMO. Already bitcoin managed to stay above support levels which might have gained confident among institutional investors who are all going to be the core reason for making bitcoin into $100 before the first quarter of 2022.

It hasn't even been dumping that much though.

If you are scared about a 30-40% dump in the short term on BTC price then you perhaps shouldn't be in the market in the first place.

But the reason is very simple - the halving cycle is pretty much at its end, which is why this current correction and sentiment is the way it is. Nothing wrong with the market, it is still going strong.

Yup, true. It's getting stronger and going to another higher price level for which it has to maintain. It's actually becoming better compared to the past years.
We're absolutely on the better years of bitcoin for which there's a stable and quick growth of it. That's why it has to go through any correction that we see.
It may go with that percentage of a dump but look at the gains, they're more than those percentage of the dump.

Even we are trading at multi-fold higher prices this year, people are too concerned about recent market conditions which must the problem of beginners of crypto space and for short term traders and investors. They just calculate their profits or losses from recent past and bitcoin is known for providing good appreciation only in long run. Hence, I am not ready to agree that bitcoin is getting dumped for months. It is losing some value from ATH and not from the bottom; moreover it seems we are starting another round of bullish wave which may get intensified incoming days to make 2022 a bullish one.

Whether you want to agree or not, we don't control bitcoin. And whatever is to come by next months, it is going to be volatile the usual.
If it forms another bullish run, that's good but if not, still a very fine thing to wait. People have to realize what's the chart during the past years and be grateful for the current.

Expect the unexpected as always because its always been like this.It could really be moving sideways for long or could be greens or could be reds which is truly unpredictable.

This is what makes the market so unpredictable and very hard to guess on whats next thats why we do come up on lots of speculation and analysis on things.

If you are just a noob then you would get shocked with these events but if you are here on this market for a while then this would be just like an ordinary day.

And maybe beginner investors are afraid that the market may turn out red next year and as early as today, they are selling off to make profits still or just have some cash this holiday and be ready to buy when the market crashes and goes into bearish next year.

Everyone has his/her own reasons to dump in the last couple of months. But if you are a diamond hand, then for sure you will not be affected and won't simply sell your BTC at this price.

Yes, it's unpredictable and do not expect on one trend to stay for so long. Because there's no way that it will stay for that much wrong not unless the trend has been different all of this time and it's broken it. Not being harsh to the beginners but they really have to embrace the market situation that they're in. Those that were part of the bear market as introduction, they've learned a lot there and they're stronger and more patient this time.

Actually, with the increase in the price of Bitcoin so high this year, it is not surprising that many investors take profit to secure the profits
they have made. That is one of the causes of the Bitcoin price dump after hitting the ATH price two months earlier. The declining Bitcoin price
has panicked some newbies who are inexperienced, as you said newbie panic Bitcoin price will continue to decline. However, if we do the analysis
correctly, there is nothing to worry about, every time Bitcoin dumps, the price will recover and rise even higher than the previous price.
Especially with many institutions joining this year, making Bitcoin price support very strong, that's the reason why Bitcoin always stays above $45k.
Even now starting to go up to $50k, and I hope Bitcoin will return to $60k soon.

That really depends on everyone's priorities here. We don't know their motives why they are selling but anyway, it is up to them how they handle their portfolio. It is their funds, so it is their prerogative where they will put it. But more than likely, those who are selling at a loss today, may possibly regret in the next months to come, once the price is going up again. So whatever is your goal here, just keep up with it and don't be influenced by fud for no reason.

At this time the diamond hands are still hodling strong and making bitcoin to get a little stable and recovery also. This has not been so after an ATH, bitcoin is known to crash but it has taken a double ATH this year with the last one around two months ago with price hitting $67k. It is looking different with the recovery of bitcoin and altcoins alongside.

It wasn't even a dump. The 10% drop and around are normal. It happens from time to time. You can call it a dump when the price falls something like more than 25% in just few days. Even if that happens, the price will eventually recover in the long run. Like look at the price now. It is back and above $50,0000 after it went below $45,000 USD. Those who bought during this small dip, made some good profit already. So instead of worrying about the dump/dip, take advantage of it and maximize your profit.

The end of 2021 really made bitcoin move quite wildly in the market and even now bitcoin actually experienced a significant price decline in the market, I don't know what is the reason that made the price of bitcoin decline but what I'm sure I see if now investors' fear is starting to be felt, I hope in 2022 we will see brighter expectations for bitcoin price movements and hopefully a price correction that triggers bulls will come soon.

I think this is what it is happening, investors of all kind of levels of experience are afraid that we are going to see another massive crash and as such they do not want to invest in the market of cryptocurrencies at the moment, they are waiting to see if the crash will actually happen and once they see this is not going to be the case they are going to take action and will begin to invest in the market once again, and with the increase of the demand the price will go up once again.

So still, the game is really for everyone here, from retail investors like the majority of us to big whales who is changing the game. Unfortunately, average joe can only follow what this manipulators is setting up, it could be bear trap for us, or maybe we are really seeing a start of a bearish cycle this year that's why everyone is just jumping on the gun and selling to at least make a decent profit before the price really goes down hard in 2022.

I think you have some misconceptions about the market, when the price of bitcoin is going down it is not going on the wrong direction, the price is always right, the ones that are wrong are the traders that thought the price will keep going up not realizing that it was not possible for this to be the case anymore.

Also it seems you are looking for signs of a stable market but that is a mistake, bitcoin is still a new and experimental technology, it is a mistake to think it could be stable, it needs at least a few decades before that is the case, so do not expect for stability in the price to appear any time soon.

Why is there so much dumping in the market? because you created this thread when bitcoin was in a bearish phase.
if you you create this thread when bitcoin is in a bullish phase you will see a lot of pumping going on.
now bitcoin is going in the right direction and forever bitcoin will go in the right direction, price increases and decreases in price will forever happen because this is part of the bitcoin life cycle. in 2021 the price of bitcoin has experienced a very significant price increase and it is very reasonable if at the end of 2021 and early 2022 there is a significant price decline.

If you look at the decline in bitcoin prices in the last month, almost 20% from the previous ATH level, it can be said that bitcoin is in a bearish phase. Even at the start of this new year, the price of bitcoin is still experiencing a decline due to continued selling pressure. When the current market conditions are bearish, it will affect one's investment decisions.

Honestly the year to date calculation is a bit skewed because we had the fall during this period. Literally between 5th and 6th of it, a week earlier and we had a good recovery by that calculation. You do not check "year to date" price on the 19th day of the year, you check it a lot earlier. All in all I believe that we will be doing better, this is not a bear run, this is just a bad period but bear runs are a lot worse and this isn't that horrible. What you could consider a bear run is the time we went from 68k to under 50k, that was a proper bear run.

If something has been going bad for like a few months, then do not consider a bear run, it is just a bad market and it has been bad for a while and that is it. I do not consider it a bear phase, I consider it an accumulation phase, and I believe that we will be doing a lot better in the long run.

I think the reason for the correction in the price of bitcoin over the past month is because investors tend to wait and see while monitoring the decision of the next FED policy. However, the current market conditions can be said to be a stable market where we see bitcoin prices holding between $37k-$38k levels.

I think the political instability is the main reason why the price of bitcoin went below the 40k level, there are a lot of investors worried in all the markets about the conflict the US and Russia have over Ukraine in which both countries are blaming each other and pointing fingers without resolving anything, and if we see an armed conflict actually taking place at Ukraine I think there is the possibility that we are going to see an even bigger drop in the price of bitcoin.

In my opinion, the reason for the recent drop in bitcoin prices is due to the outbreak of the Omicron type of Covid-19 variant and also the Fed has started to tapering so that investors have started releasing their assets. In addition, the decline in the price of bitcoin was also caused by a massive sell-off of traders.

Or perhaps we really reach the peak already last November, and then everyone is hoping for a massive run to $100k that didn't happen, so small traders started to sell-off. But I do believed that the massive sell came from some big entities first followed by retail investors. And then we have the Omicron variant that took the world by storm again.