Bitcoin Forum

Things started looking good, giving a bit relief!!
But wait!!! Again sudden dip of  $5000 in a few hours?? How can we explain it: Are bad actors manipulating it or it just the market sentiments towards downward making such huge pricefall?

Bitcoin is like rain and sun, the rain will come and and the sun will shine, there will be period of heavy rain and a period of sunny days, relate this to bear and bull time. Even the most successful asset as of this time which is gold can not escape price encouraging and discouraging time, it can not be going in one direction.

Just know that bull price will later surpass bear price and ATH will come.

My sentiment for this 2022 is starting to be quite bearish. I think the vast majority of us on the forum were quite bullish in 2021 and expected a much higher price. This was in line with predictions seen from analysts, who were giving a minimum of $100K for 2021, and in some cases a much higher price.

Now in 2022 there is a division of opinion between those who believe that the price top of this cycle was reached in 2021, and those who believe that we are in a somewhat delayed cycle and that the best is yet to come.

What I believe is that the Fed's plans are going to affect the price in the short term, and unless it changes its plans in 2022 and starts printing massively again, instead of reducing printing and raising rates, I don't see the price going above $70K this year.

I still think Bitcoin is the best asset to buy for the long term though, and that's why I continue to invest in it.

Now the market became a unpredicted one.In case,you was engaged in the future trading in the binance.It's better to hold ,instead of doing it repeatedly to recover the loss.We should have the mindset to accepted the loss,instead of keep doing at the bear market.It will leads to the huge loss to your investemnts.Kindly wait till the uptrends.

This is the most accurate scenario to explain the current sentiments of the market. Whales that playing short and long is heavily affecting the spot market since they have a high leverage to open a big order which result to a sudden plummet on the price after the short uptrend. Bears and Bulls are squeezing each other to the point that whoever got liquidated is the one who will lose the control on the trend. I believe we will see another squeeze for the shorts on the following hours since this kind of big price changes in short period of time is a very good opportunity for bulls to open position.

I think this is market sentiment because the market has been in an overbought situation for a very long time. manipulation? I don't think so, it's just purely from the market's reaction to what happened a few weeks ago. for a long time the crypto market has not found a new passion to continue the rally, this is the underlying why the market is slowly down.

Market is gradually heading to a bearish season after in has been very bullish since 2021.
Maybe the 2022 price entry was really an indication on what we're going to expect this year.
Manipulation is always taken into consideration, because that's always gonna be one of the options when we're talking about price changes.

We shouldn't blame the manipulators if something goes awry in the market. It is what is it, there are obviously more sellers right now that's why the price goes on another correction(?).

Regardless though, the market seems to be very bearish at this point. So expect the price to really goes down not just this month but brace yourself of a long year bearish trend.

I ask you, relief from what? Is it relief from the anxiety that if the price drops you will lose money? If the answer is yes, then you need to stop trading - you heard right, trading is not for you if you cannot remain composed during market movements.

Remember that movements in the market allow us traders to make profits. If you invested knee-deep into crypto hoping for some quick flips then it is not for you.

Some people panic, while others know it is the next opportunity to buy at a lower price. It all depends on your perspective and those who do not have that will fail as a trader.

The term "bad actors" makes no sense. In fact why do you even think of someone dumping their coins just to end up in a loss? It is a man-made delusion, that needs to stop.

But it is possible that someone dumped, now the question is not why or how they dumped. The question is at what point you should buy again in order to sell in a future bull market. Because if you dont, then when the price cycles back you will have nothing but wind in your hands to sell.

Well, it was always pointing downwards, even at the start of the year. As you said, it was just a "bit" of relief. I guess it was never really supposed to rally, short dips and pumps are a natural in the market imo. This one might even be intentional as others have said, a squeeze by the whales. Nothing new with that tbh, pretty sure most traders here have seen their fair trade of squeezes across the market. Pretty sure this would be the state of the market in the next few days, maybe weeks even, till, well, something changes.

You shouldn't look at raw numbers, you should look at percentages. For example the recent drop which was about $3000 is just a 7% drop which isn't as big as you think it is.
The only thing that makes it significant was the fact that it broke the strong resistance at $40k.

It is both. There has been a lot of manipulation lately but also the market sentiment is very negative and people have been shorting the hell out of bitcoin even when it is not going down!!

I agree. Looking at the number will only cause you to panic, if anything. This is dangerous and should be avoided like the plague! A 5000 Dollar drop at 40k is pretty meaningless compared to a 5000 Dollar drop at 10k.

As I can tell, we are getting pushed down for two reasons. First, obviously the correction has been a long time coming. What comes up must go down. Secondly, at the same time as the correction (dip), we are seeing bad news and spooky rumors. Kazachstan miners internet getting shut off, Russian banks spreading FUD about regulations they wish they could implement in the future, and a multitude of "traders" spooking newbies with useless "predictions"..

Just hodl, friend. Buy more at the bottom.

Sometimes the market sentiments what makes the price of bitcoin dumps and if we cannot see any reliable thing which can help bitcoin to climb up the provably we will remain like this. Also there are contribution of bad actors towards since they can manipulate the minds of the people and think negatively on the current condition. But we shouldn't get panic we know how bitcoin works and I suggest for other to stop looking at cmc or their portfolio to avoid get stressed on this current dump.

Russia is trying to ban it for the 10th time :) don't panic 2022 will be the year of bitcoin.

Oh yeah, it is not the thing we wanted to, I just think that those uptrend motions are already a sign for bullish but unfortunately, it wasn't. We can't change it and to follow what we wanted, and seeing this sentiment found to be normal. What we gonna do for now is to hold and wait for the recovery, or have to buy more.

We can't still say this will only take a short while, might be possible and might not. Have to observe the market, it changes from time to time.

screenshot taken from binance whilst writing this post
https://i.imgur.com/IbhiaJw.png

When it only takes  0.32725btc to                         When it only takes  0.31331btc to
change the priceby $6(38772-38766)                   change the priceby $7 (38773-38780)


then you know the problem is not due to lots of orders or lots of buyers/sellers.  but instead its the LACK of traders, which means that a price can change, not by 1cent amounts but by $2-$3 in one order line fill

if there were thousands of users:
which would put orders 1cent above the next and so order fills would only move by 1cent
or
many people will put lots of coin on one priceline meaning it would appear  as 1-20btc not 0.02btc
but instead.. look at
SELL 3->4 one order fill can change the price by $3.39
BUY 2->3 one order fill can change the price by $4.35

..
one fault.
is that instead of 1 exchange(wall street) where the whole world of millions of people trades into, filling order lines with $billions where movements happen in microcents movements.
because there are many dozens of crypto exchanges. and even some crypto exchanges having many 'usd/tetherusd' markets. it dilutes the trader pool down to a few dozen-hundred users per exchange

First of all, if you're one of those that bother much about the market dip trend it may affect your mental health because the market is always volatile, to begin with.
Why the sudden dip of $5000? Technically, Bitcoin even poses a strong resistance to a downtrend because the market ought to start experiencing a dip in price every day ever since the first week of January and no chart or candle can indicate the reason behind it because we are in the season of a high market correction.

I don't want to speculate about manipulation or anything but this is what has happened and we can't blame anyone for this decline because this is indeed something like this because suddenly dropping drastically like now it is always there because of their fluctuations and volatility which can't be predicted where they will continue whether to increase or decrease.
on the other hand regardless of bearish or whatever many people say I still believe when the bullrun arrives everything will be back to normal and don't worry too much about things like this

Market sentiment has been in extreme fear for the last 1 month.  Yesterday's bitcoin market crashed due to some recent events.  Russia's central bank has recommended banning the entire cryptocurrency because it fears a Western blockade would allow resources to be smuggled from Russia to the West, and cryptocurrency is the easiest way to do this.  Also many think that USA central bank will raise interest rates before March.  As a result, many are saving dollars by selling their bitcoins. Also ahead of the Chinese New Year and historically it has been seen that the market is down before the Chinese New Year.

According to Coinmarketcap, $ 148 billion has flown out of the market in the last 24 hours.  It cannot be called market manipulation but I think the bad news has adversely affected the market.  However, the bitcoin market still recovering so fast, despite the lack of traders. But i assume that there may be cash inflow in the market towards March or April this year.

Fluctuations and volatility are the main factors in the cryptocurreny market so don't blame any individual or group for being able to move the market flow against the actual market conditions. There is something different about the current bearish conditions there is a daily decline above 5% so panic will push the market to blow below $35k.

Frankly speaking I am quite happy because of the dip. Not because I don't want the market to go bullish but I want to buy more at lower prices.
So that I can enjoy the gains when the market is moving upwards. I won't be surprised if the market stays the same for next 6-8 months.
That will give us all a lot of opportunities to buy at lower prices and fill our bags.

Chances are this is just a start of the bear trend, market was already looking very weak since past few weeks, there were pretty less volumes on the green candles, this just signifies that market is weak with the bullish sentiments. Moreover this downfall has also broken the support we had at 38000, now if close anywhere below 40k I am very afraid of the market trend altogether.

There has been a lot of cheap money floating around the world in the last few years, looking for any asset that can possibly make a return. People saw that Bitcoin trended up by a huge degree and kept on using that cheap money to fund more. As central banks start pushing up interest rates people are getting skittish and taking their profits. If money starts getting very expensive to borrow then only the best performing assets will do well, we're seeing it in lots of tech stocks tumbling right now - they were extremely overpriced. There is also the fear of war rumbling around the Russia/Ukraine situation, it's actually in Russia's benefit to cause a spike in oil prices which comes from that sort of tension, but it has vast effects all through the markets.

2022 is becoming something that we all did not envisaged towards bitcoin. This instability is becoming alarming and I think the whale have hands in it, but no doubt with time bearish season will be over. But, I will advise that if you want to invest in any coin/token wait for bitcoin to get a little bit stable because its price affects every other coin/token.

At the same time, you can buy bitcoin at all dips to average your buying price levels and this is because bitcoin is highly expected to bounce back at any time soon; still invest only what you can lock with bitcoins for next 3 to 4 years. Have proper plan and accumulate as much as you are able to.

Meh, just the right time for me to buy now and I am going to call it tonight.
Like pooya87 mentioned, it's not all about the raw numbers and even by looking at raw numbers, it isn't that really that low considering that Bitcoin already dipped around this price just by somewhere around 2021 if I can still recall correctly.

Watching the market falling everyday is not an easy thing to see, you need lots of courage to be able to do that, but since we already know how this market works then it should not be too surprising to see this correction, it was expected and inevitable, what people need at this time is to stay calm and be patience, selling your bags now is not the right decision to make, better to hold and wait for recovery.

It's a normal market sentiment that is inevitable.

You need to get used to it. If you've been long in the market and saw the early corrections which were heavier than this, you shouldn't be discouraged by looking at it. It is painful to see it go down everyday but when it's going up, we haven't thought of it coming soon but, it has come.

Looking at the current market situation, I feel so bad that I can't think of anything. Looking at the condition of the market, it seems that the market will be more dumping.We could never have imagined the state of Bitcoin. Many people thought that Bitcoin would be within one million dollars in 2022 but instead it started dumping downwards.So much dumping of bitcoin has made people think a lot.

Bitcoin market sentiment is currently bearish, Bitcoin has fallen several times past the support line and is struggling to recover, Even Bitcoin is struggling to hold its price above $40000 USD, Bitcoin is currently at $36200.
The significant drop in price also led traders to opt out of trading for a while, waiting for good news for Bitcoin.

Probably, only the whales can dictate the price, and don't even think that manipulation is only happening when the price dump, they can also manipulate for bitcoin to rise, so I suggest you ride with the trend and do the right decision to benefit from it. It may dip below $30k but we should not panic.

I feel like we're getting there, but at $29K the market will really hit panic capitulation I think.  I'm just wondering if we'll hold there and resume rising upward, or if we'll fall all the way back to the base of this runup as would be expected from looking at previous cycles.  If you're a believer in patterns, you might say that $10K is inevitable.  There's a lot of big money on board at around $30K though, so we'll see if they choose to defend their investment from a loss or sell and move on.  Certainly companies like Tesla have the capability to elevate the Bitcoin price if they want to.  I guess the question is if they feel the Bitcoin community is worth investing in or if they should focus their efforts elsewhere.  We are starting to see a battleground form as companies like Facebook are heavily diving into the Ethereum infrastructure, while Elon Musk wants to make Dogecoin the default payments crypto, & companies like Microstrategy are betting everything on holding Bitcoin.  It will be interesting to watch this next cycle unfold and see which business investments turn out to be genius, and which were dumb in hindsight.

It is now more than that, there have being massive drop since some days ago but it happened to be more this weekend starting from yesterday, may be the market will still continue to experience bear market. But what is most important is to invest as the market is falling, but not good to invest all at ones but to divide it and invest as the market is falling so the profit can be massive when the price rise again.

Know that the market is like this, pump and dump project can be manipulated but the whole general crypto market manipulation can not be great as altcoins are following the price if bitcoin. It will be hard to highly manipulate bitcoin price. But just that this is a bear time.

Yeah, we are already in the capitulation and getting to $29k will really send the panic button to even the most of the holders. I think $34k might be the last support lines that we will have, and if it is broken then obviously it will go down so fast to ~30k.

For sure those big investors are just going to buy at this price, they are not going to sell, this are smart investors and whales with big money on board. So they might as well invest on this bloodshed and wait to make more money from the market.

Its the start of the bear market and I'm pretty sure there are analysts out there that will say it too.
Well, this might really be the start of the bear market. TBH, I'm like other users out here that are also bearish for the year 2022. I believe that the 2017-2018 cycle will happen again this time in 2021-2022 and as of this moment, we are seeing it.

Its the Federal Reserve that must be blamed for what is happening right now. Their moves are affecting the stock market negatively. NASDAQ, Dow Jones and other US stocks are down right now and we know that the stock market and crypto are moving almost the same. This is just my opinion though, don't bash me because I'm blaming the FED because there are some who see them are the reason as well :P.

I hope that all of us are ready for what is happening right now. Many are expecting for this to happen and it became even more possible when we saw Bitcoin going down to $40,000 a few days ago. I hope that those futures traders especially those who are at long are still ok :). The next support? $30,000 since there are no other near supports out there because we saw Bitcoin going from $30,000 to $40,000 without any correction and I think the lowest possible price for Bitcoin is the $20,000 which is the 2017 Resistance.

It drops almost 20% now, were not far to close down below $30,000. I hope this will never cross it but rather pull it back.
I expect panic selling next to this, many will surely feel disappointed and worried that it drops more and think history repeats itself (2018). I guess we need to prepare to buy, as the that possible the volume of sellers will increase abruptly and this will help to drop the market even more. 

You just have to be used to seeing it. Thinking too much about it will give you emotional stress. Whenever we are in a bearish trend, there are really people who are not strong enough to accept what they see in the market.

Whatever the reason, this is normal to see. For how long it will last, no one knows.

Better prepare yourself for things you don't like to see.

And we're not that far off from 29k. Another couple of consecutive days of Bitcoin shedding 5% and it'll easily lead to another sell-off tranche, and then we'll be breaking 30k, and it's anybody's guess where we'll end up when that cliff's broken off.

I don't really believe in patterns but the belief that we'll never revisit an old ATH from a previous cycle on the way down from a current cycle is one I've rather superstitiously held on to. Going sub 20k would be hard for me to comprehend for a while.

and we can prevent that from not checking the market from time to time and this is my attitude each time market is showing weakness like this time.

i stop surfing exchange and even prevent reading threads here about dumping market.
Yups, this is the proof of how volatile and how healthy this market is , showing ups and down .

actually in time? he will literally realized that , because whatever  the market move? that is designated for what will be the future .

Lots of factors to look at why the price is continuing to fall but whatever it is, we should be aware of this already as it's not the first time we experience this kind of trend. A $5,000 fallback is alarming but it's something you can expect in a bear trend. That's how volatile the crypto market is.

We have no choice but to hug the trend as we can't do something about it. Rather than be stressed, if you have some extras, why not add some BTC quantity to your portfolio. You might not have a chance like this if you ignore the opportunity.

stress, panic and regret can actually be said to be too late now because indeed the decline has occurred.
but on the other hand look at the positive side right now because indeed with a fairly large decline and correction, many even say that it is bearish, it means indirectly making it clear that bullishness will not last long, and why don't we enjoy the current decline because we regret it even too late because your assets have shrunk quite a lot by now

These two things greatly affect the current decline in bitcoin prices, the whales panicked and threw away bitcoins at cheap prices and also  the ongoing negative sentiment in the market that continues to occur makes bitcoin under quite strong pressure , if we consider the current decline, not much different from what happened in previous years, but it seems that the current situation is exacerbated by many other factors that we did not get during the decline that occurred in 2018 such as the pandemic, the number of mining bans and also greater interest rate hikes by the FED, and it all makes bitcoin worse now than the usual cycle that occurs every year, the decline in the price of bitcoin has now reached its lowest point in the last six months, and it doesn't seem like it will end if bitcoin has not gotten a strong push in the market so that it can trigger the price back rebound.

Market sentiment right now is extremely bearish. So I think that $34K was the local bottom for now however most likely it might reach some resistance near $40K and head back down and break $30K.

Many people were liquidated and many sold at a huge loss. Imagine buying at $69K and having your investment lose half its value within 2 months. Lots of fear right now. Complete opposite of what it was when we were at $69k and $100K was gauranteed to hit in nov/dec just like that guy plan2 predicted with his charts.

Crypto market losses have reached $1 trillion since early November. In the last 24 hours, the market cap fell to a five-month low after losing $356B.  410 more Bitcoins were purchased by EI Salvador. Even though El Salvador isn't stupid, running an economy on Bitcoins at the same time is a bit odd. Currently, the mood is extremely bearish, so anything is possible, but if you're not convinced, be sure to do your own technical analysis on the points listed.

But, everyone was verry optimistic with bitcoin and they always says that btc's next ATH will be at 100k dollars and in that every new year people always have positive sentiment for all the cryptos not only for bitcoin.

I know there are people that got tired from assuming that btc will reach at a price like this and I must be one of them, it is okay not to assume all these and stick to what the reality is giving. I mean the current dips are good levels to buy more for all of us and this way, the market sentiment should be into accumulation phase. When more people are into accumulation then we can slowly get into "recovery phase".

What do you expect? I mean the President is pro-Bitcoin so for sure he will buy as long as he can because he believes in it. So we might say that he is really stupid, but long term though, maybe this is what the President is looking for. Maybe in just 2-3 years, so maybe in the next bull run, he may see his investments grows many folds by buying cheap bitcoins today.

So he is taking advantage of the huge dip already in this bearish mood.

Or he can leave the market for a while until the situation can be stable to decide to enter the market or still take a break. It will be better to handle the emotion and not act in a rush because seeing the market is at the bearish trend. The market is falling, making people panic and can not think clear so if he follows with the panic moment, he will not see a sign to buy bitcoin at the big discount. It is better to save ourselves in this bearish trend to analyze more to find when we can enter the market.

most of the people that has negative thoughts about the situation is the main reason why market always fluctuate and gradually decreasing. Such those who keep posting negative around the internet and especially weak hands of course. Perhaps this situation will stop only unless if there's a positive news will emerged from those big people who always ride the market because to be honest what we can see right now are thus frauds who want to see the market down.. Infact market is gradually showing a positive sign so for sure weak hands and a lot of frauds is the main reason of this current situation.

People are feeling like they have given up already, it is looking too bad, and things are not looking great. I get that it is not easy to be joyful during a period like this, it is even beyond that "buy more and hold" period because it is looking horribly low for most people. However, this is exactly the period to make money, if I could do it, I would make every person realize that they are actually in a great spot right now.

To buy bitcoin at this price, when the ATH price is more than 2x away, would be a great idea, everyone should do it and everyone should get as much bitcoin as they possibly could, I know that it is not easy right now but there are no other methods, just sitting on your chair and crying all day won't solve anything.

FUD would be always there because not all would really be having the same mindset towards various situations in the market and specially noobs which do normally freak out whenever they do see
deep reds and we couldnt really stop and will cause even more panic in the market.

This is why its not really that bad to make out consideration and making yourself get used to various conditions specially on a declining market on which you could really
see these common reactions.

Unfortunately, not many people will see this period as good opportunity to buy. For those traders who have short term needs, they may think twice because the possibility of selling at a loss is high. But for those who can afford to hold longer and wait for the market to be bullish, this is definitely a good period to buy more. So it depends on the capability and goals of the buyer here. If you can very well afford to wait, then you can easily grab this opportunity. But if not, you will indeed think of what the market will look like in few days or few months from now.

No matter how scared investors are it is still the market sentiment to buy when price is low and in fact if it dips hard then the better because it means plenty profit to gather. Today's price direction was both ways of bull and bear but it is closing in bear, a nice time to buy . I don't expect that the bear will continue any further if the price keeps dragging this way till the end of the first quarter.

Get used to it because this is how market behaves on which its price could neither drop or rise its price on some percentage whether it could really be that deep or nit.When you dont have that kind of experience and awareness in the market then you would surely freak out.

Market players? Theyve always been here since from the start even though this market is uncontrollable on general sense but we cant deny that there are someone who could make out significant impacts.

As a small fry then you should really know on how to ride with the waves and be wise on when to take actions for your advantage.

FUD is pushing too much this time around that's why investors are too scared to reinvest or buy the dip since what if this is leading to bear market instead of bull run? As you know Bitcoin did break the ATH 2x last year and they aren't sure about it this time that's why they have to make sure about it. The market is always this way it's hard to predict what its next move that's why when seeing a FUD like this that almost break the bottom of resistance makes it more likely to go in bear but people did learn their lesson in the past that's why they just HODL instead of panic selling.

There is nothing permanent in crypto so we cannot expect for the bullish season to always stay. The bear season will definitely come so we need to  prepare for it too. And most of the time, the dump gets more serious through some market manipulations and with market sentiments that are always caused by the different events in the market.

This is a classic misconception that many newbies have, they expect the markets to always be in a bullish state and this is simply not possible, after all in order for the price of bitcoin to go up money is needed for this, and even if the world is now inundated by fiat money as governments have printed a lot of it during the last two years that money is not infinite.

As such there are limits to the speed and magnitude of any upward movement that we witness in this market, so the longer and the higher the bull market goes the the chances of seeing a bear market increases, and we need to be prepared when that happens or a great deal of what we got during that bull run will evaporate in a relatively short amount of time if we are not careful.

Unfortunately they are usually the people who came from the bubble during the peak times. They see everything going up all the time and then they think that they could keep making money like that. We all know that bull runs eventually end, and then they see bear run and they get scared and think that it is all over and they run away.

The reality is that bear runs are usually over as well, and that means we are going to see bull runs, and then we are going to see bear runs and that will be a cycle. So the newbies who see the bull run turn to bear, usually do not stay long enough to see bear run turn into bull, they just come in right at the middle of a bull run and do make some money but do not see that change.

For those of you who trade using the long-term method this is a good opportunity for you to take advantage of, but it is not a positive thing if when the time you are waiting for in the next few months is not in your favor, then all kinds of theories cannot be given to you.
But with varying experience when trading using the long term method is to target the value you set now and not by greed.
good luck

You're stating the obvious here. I don't know why there are still those who post and get surprised when Bitcoin is making a significant drop after the long bullish run. Correction like this is to be expected after a bullish season. So, yeah I have to agree that weak hands should be aware of it already.
Infact, huge corrections is supposed to be a good thing for us crypto enthusiast because this is a golden opportunity to acquire more fractions of Btc.

Maybe they are just new to the market but for us who have been in here for a while, this is not surprising anymore.
Anyways, the correction has almost been done, I hope I was right but seeing those ups could tell us for the upcoming full market recovery. And these weak hands, doubtful individuals again they will be surprised and then start to blame themselves for losing an opportunity.

Corrections will always be here though, even in the bull market last year there was a lot of corrections along the way. And if we are really in a bearish trend, then most likely we will see more of this downward spiral and then bounce back.

So for those weak hands that sold, maybe they can get back in the market if the price goes down again. That is if they are smart enough to take advantage of every dip.

Those words are very relatable for me. It's like this for me right now, every time I buy something, it gets worse. While I understand the solution is to keep buying, how can I do it when I have a small balance? Even though I'm in poor condition, such a post motivated me to keep buying, but I'm literally out of money this time around. Would you suggest selling everything, getting some cash, and proving myself smart enough to take advantage of every dip?

Those people eventually learn how to carry the bear. They do not just leave during the bear period (not all of them) and come back during the bull period all the time. I am not saying that there are no people like that, I am sure there are many people like that, but the reality is that I have been part of that group and I have stayed.

During the period of 2012 or so, there was a big bull run, and then it was bear until 2014, and I came in and saw the bull and joined and saw the bear, held on, and then saw the 2014 and stayed. I didn't started to make a good amount of money until 2020 and that is my own fault, but I did not leave neither, I was always around here.

It is normal for a correction to occur after having some bulls but I think the last bull have happened some time ago and its only strange that we are still having a correction. maybe the op was right, what if there are manipulators that are in play and they are preventing the bulls to come.

I do not know if how long they can be able to hold this but I still do believe that bulls can return by this year, this is why I am buying now during this dip. Let's forget about those weak handed users, they are too weak to not hold during a bull and you expect them to come right now? I think this situation is more scary than before. It takes ball to dive in.

Big sums of money leaving crypto market in one shot (whales cashing out) are responsible for that. Sentiments come only later, when every investors else realize what happened, so they become pessimistic about the currently market conditions, what can lead to further corrections in bitcoin's price, and consequently in altcoins' prices as well due to panic selling.
Anyway small investors (most of us) don't have a big impact in bitcoin price: positively or negatively, it doesn't matter. Bitcoin drives crypto market and whales drive bitcoin price...

As it should always be on where we would really be aware when its already late or the things had been done and in talks of reality on which whales could really be giving out that significant impact whether they do tend to accumulate or tend to cash out their profits which could really make out some effects in the market which it is really that somewhat important if we do really study up
fundamentals aside from technical if you are really trading on this market on which you should really be aware on whats happening around or tendencies that whales would make a move
specially if there are some news which you do see that would be relevant into those possible movements.

You just have to accept the fact that BTC is a roller coaster ride no matter if it goes up or down. There’s no way you can predict the price perfectly as it doesn’t have any promises or guaranteed astronomical returns. There are many reasons and factors whether if it’s pumping, dumping, consolidating, etc.

Yeah, but it was like in stages though, the drop was not sudden for me, it seems that they have time the market when to sell. So when everyone spoke about a $100k price in December, it went north and take a downward spiral

Anyhow, it's done already, and maybe we as small investors have small impact, but I think we are still part of the market and I would say has a vital role to keep the price afloat after the whales are playing the market.

I think retail investors are very important in the market. So it's a 50/50 with the whales, maybe they are the movers of the market, but retail too has so much bargaining power, ie. buy and sell and as you have said, to somewhat balance and keep the market afloat enough for the day to survived.

So it's going to be a love and hate relationship for us, the whales maybe controlling the market and we hate that, but we can also balance it out in the long run here by buying in the dip and continue to saye more BTC.

@btc_angela. I reckon in this type of market where much of the retail investors have no more or less money because they have lost it or they have already withdrawn their profit, this is where market makers have complete control. If they want a liquidity cascade, it will certainly occur. This cascade will also cause marginal sellers to dump and this will decide how low bitcoin’s price will be.

I speculate the marginal sellers of 2022 will be the institutional investors who thought they can hold their bitcoin investments through this next bear market. I predict they will not because their losses in their investments in stocks and bonds will force them to sell first the most unimportant assets in their portfolios. This will be bitcoin and other cryptocoins.

Also, there will be more news similar to this during the bear market.



Paul Krugman Says Bitcoin Resembles Subprime Mortgages.

For those who weren't paying attention during—or were too young to remember—the 2008 financial crisis, subprime mortgages helped kick everything off. In a nutshell, lenders gave complicated loans to people who couldn't afford to pay them over the long term. Most of these mortgages had low initial interest rates that ballooned over time, the rationale being that homeowners could refinance with better terms when they had more equity. After all, home prices only ever went up, right?

But home prices stopped going up and many American homeowners defaulted on their loans. Compounding matters was the fact that Wall Street had turned these subprime mortgages into investment vehicles, and seemingly everyone had exposure to them. The dominos began to fall on the U.S. and global economy.

While Krugman contends that crypto markets aren't large enough to cause a global crisis, he does think the same groups of people targeted by lenders in the leadup to 2008 are being preyed upon today.

Source https://decrypt.co/91496/paul-krugman-says-bitcoin-resembles-subprime-mortgages-is-he-right

That's should happen in the long run, we cannot afford to still be in the manipulated market because crypto will not grow. As the rate of adoption increase not only because of the retail investors but most importantly the people, the power of the whales will also decrease and with that, it will result to less volatility which will make bitcoin an ideal digital currency.

I think, The decline in the price of Bitcoin to date is a continuation of the trend that has occurred since the end of last year. The bitcoin market sentiment has recently been boosted by a series of negative news that sent the bitcoin price plummeting. Therefore, I think that the current price action is likely to continue in the next few weeks, and the current trend of falling bitcoin prices is possible again.

I am thinking that the possibility is getting to reduce because now the January is ending and the festival is going down giving way for business investment to starting up again. If February is running to middle maybe the direction can back for bull again.

January might be ending but February is yet to come and you forget that there another new year happening on that month but its mostly for Chinese, it is called Chinese new year.

I think events like new years are threatening to the price because people spend their budget the most and huge companies are celebrating and can give bonuses to their workers but as soon as its over, we are going to get a relief again. Just hang on guys and do not forget the golden rule of buy low-sell high. Now is still a perfect time to buy and accumulate since prices are still down but if you can wait till February then no problem with that as well.

We can't use January, February and other months as a reference for good or bad the market, the volatile movement of bitcoin can't be determined only by that, because many factors affect bitcoin bulls or bears in the market such as negative and positive sentiment, supply and demand and so on, so I think according to the bear and bull market at any time it can happen every year and we must be able to anticipate it well.
I think it will be very easy to predict the price of bitcoin in the market if it only depends on the month, of course people will race to buy bitcoin in December or January, because as you said January is a phase of the market worsening, and they are just waiting for February for the market to recover because any festivals?
Of course it's not easy as that to predict the bitcoin market

I have seen plenty of people who are wrong, but someone this wrong? I have never seen someone this wrong before. Subprime mortgages? So, investing into crypto is similar to investing into a layered and shitty mortgage loans filled asset?

Bankers saw mortgages as something solid and everyone always pays and gathered all the bad default rated loans together and bought them in thousands together in a single paper and now they are saying that crypto is similar? How?? This guy is an idiot, there is absolutely no resemblance at all, just because bitcoin went up so much and at a high price right now (even after the fall) doesn't mean that it resembles every single bubble in the history.

Correct, the markets run on cycles, and this is something that can be easily be seen on the charts, however it is different to see something on a chart and a completely different thing to actually experiment those movements by ourselves.

This is why newbies fail at holding their coins even if they have the intention to hold their coins from the beginning, they see the movements of bitcoin on the charts and think that in the case of a bear market they will be able to hold their coins, but once they begin to lose money that is when doubts begin to take over them and then when the market suffers an important correction that is more than enough for them to sell their coins and most likely to never return to the market.

I'm not a financial adviser, but if you have limited funds and have used it already then no need to buy more. Just buy if you have the money and don't force and make things complicated for you.

I mean if you buy like $40k, then just hold on those bitcoins and not sell (obviously you are at a loss if you sold today). And look at the future, in the next bull run your bitcoin is going to be worth more, just saying.

never be bothered of the movement if you are in good coin invested , this will only occur when you are putting your funds in shitcoins or in drying currencies.

Manipulation are also part of those shitcoins because those are the currencies that can be easily manipulated .

I think, the weakening of bitcoin prices lately because investors and traders consider that global market sentiment still tends to be negative. Although market conditions have not been positive in the short term, I have the view that the bitcoin bullish phase will occur in the middle of this year and the bitcoin price will rise much higher than the current price.

True, many are still playing in the shitcoin and meme market and lose money. They should be banking on bitcoin right now for the long term because the price is so cheap.


Manipulation is very evident, can you imagine a 1000% growth in a 24 hour time span. That's clearly some manipulation from behind.

As compare to bitcoin, yeah it is very volatile, but at least there's no such thing as a massive growth unless we are in a bull run wherein no one can stop it's spike but it will not grow like those meme coins in a day.

And a classic example that the financial markets globally are somewhat connected and has correlated on each other, including crypto. So if traditional market is on a negative sentiments, for sure crypto market for most part as going to be on the bear market. We will see, I think the second quarter will be a good hedge as to where the market will going to be, but for the first quarter, I would say that we might be in for a long bear and could see the price going still doing down a bit, maybe <$30,000 short term.

Its a continual loop to irritate you or perhaps just a reflection of every day the earth turns and each trading sphere is roughly 4 hours in its dominance before the baton is passed to the next big city set of traders to decide the price and local supply and demand.   I dont believe the whole world is trading equally all at once, its something of a tug of war back and forth.
  There are trends which last but they are surely tested before enduring.

There are always some crossovers but I wouldn't go as far as claiming correlations, specially when it comes to bitcoin because we have been proven many times in the past that bitcoin market is completely independent of any other markets even if people panic in short term and behave in the same direction for a short time. The best example is the COVID19 global market crash where bitcoiners panicked too but soon the market reversed and set a new ATH while the global market continued crashing for another year.

I think, the decline in bitcoin prices this time is due to following the Wall Street stock market, where bitcoin prices have weakened to %7 the last few weeks so most investors are letting go of their assets. But rest assured that the bull market will return soon and the bitcoin price will soar until it prints a new ATH.

About a new ATH, I think we will not going to see that this year, but we have some good news since bitcoin has pumped 11% today so far.
The market is looking great again - https://coinmarketcap.com/

I'm not sure if this is the start of a new bullish run, but if this would be able to continue and break the wall, then we might see a new ATH early this year, however, as I said, we are not going to see it this year so it's unlikely to happen.

Let's enjoy the sudden pump as it might not last long too.

Market seems to be feeling really good all the sudden. I remain cautious for now. For the short term traders this has to be a sell point as we bang up against resistance. We’re close to a breakout though. One more leg up and I think this downtrend might finally be broken after 3 months of going straight down. Still too early to give the all clear sign, but it might be time to start getting those signs ready. I don’t think we’ll be seeing sideways action from here.

However, he is not wrong because the bull market of bitcoin and the cryptospace is also the product of speculation and leverage, very much similar to subprime mortgages. We have to accept reality that adoption did not pump bitcoin from $3k to the all time high, it was leverage. Do you know how much USDT was borrowed by assumed market makers? The word market maker in this article was also used to categorize venture capital firms that have their self interest for profit, similar to Alameda Research hehehe.

https://i.ibb.co/t2sWW7S/63147-FAD-AD58-427-D-A5-B1-FC372-DAB78-BD.png

Source https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Yes, another spike in the last 24 hours pushing it to $42,000. I thought that it will go sideways at $41,000. But then again, Bitcoin market never ceases to pull surprises after surprises. When we thought that it will be this X direction, it suddenly goes on the opposite.

But we need to be cautious still, could be the some people are messing with us again this kind of fake break out and traps.

And yet we did see another increase making it to $45k although the price keeps hovering just on the $44k range. It's not that bad, and I agree that it is another surprise pulled by bitcoin market and it's supporters.

No dead cat bounce yet, and it the pattern continues, we might see it going to $50k. And that will be the biggest surprises for this month alone. And sentiments now at neutral level.

https://alternative.me/crypto/fear-and-greed-index/

You are giving good advice but very few people are able to follow it, during the 2017 bull run there were many people that bought at the 19k level and then when the price began to go down they panicked and sold their coins.

Back then there were many posts like that and those that could see the big picture told those people to hold their coins and yet they did not, if they had held their coins even now they would have doubled their investment in just a few years, there are very few assets around the world that can do something like that, so while your intentions are good very few people wll follow your advice.

Only diamond hands would really able to profit out because they dont easily freak or panic out whenever they do see some declines.Although this would talk in test of faith because we cant be sure on
when recovery does happen which would be always a question if i would say and this had been always been the case or situation that we could see into this market.People would react directly on
what are the things they are currently experiencing or seeing and act directly without having those presumptions or thinking carefully whether its a right call or not.

The recent jump should have proved how pointless it is discussing market sentiment on the internet when people always only tell you their wishes not their actual plans and sentiments. If we were to believe the statements price not only shouldn't have risen but also it should have gone down significantly which goes to show that people are always bullish on bitcoin and in times they are not, they are just waiting for a better opportunity to buy a lot of it to continue the bullish market.

I think there are activities that involve bad actors in manipulating, coupled with the market sentiment that led to such a huge price fall, these two things if you pay attention to have a relationship that affects the market continues to be corrected, but there has been little change in these two days in the market, Bitcoin has back on a good track even though it's not optimal, I think the correction will find a phase of change in the next month.

We have reached that almighty 45k+ price but that was a short and temporary thing and then went down right afterwards. I assume that things are not as great as it used to be for all of us but it is also not looking too bad neither to be fair. I have to say that it is definitely something I can see happening, the price I mean, definitely not a dead cat bounce, it has reached 45k levels and during dead cat bounce it is a short one and usually fakes to go up and then drops down harshly.

We have already reached 45k, it may drop from here and it still wouldn't be a dead cat bounce for me because that had to be a lot earlier and not at this price and not this late. I would call this a bull run starting, an early stage, maybe we will fail and go back to bear run after this but I would call it "bull turned into bear" and not a dead cat bouncing for sure.

The $45k jump was very quick as there are no volume to push or sustain it. As for the dead cat bounce, who knows, maybe it will start because bitcoin is down, but it's manageable at less than 1%. And I would say that this could cause some frenzy in the market again as people are expected a $50k rally because maybe some of them thought that we are in a bull run, but we are not. We are lucky if we are going to at least $44k at the end of the week.

Oh well, as you have said, there is no friction on that $45k price level that's why it went down very quick. But at least it settles around mid $43k and that is good enough for the market.

No more talking of what should be the lowest low for this year? Although it's too early, just maybe we can still get to that $50k. Maybe it's not this month, but the first quarter will be a good gauge to see where we are going for this year.

I admit the requirements are on the high side when it comes to holding our coins when the market is going down, however the other option which is selling our coins for a loss is way worse, as once you sell and you leave this market behind there is no hope to recover the money you have lost during the bear market.

So while both options are hard the only one that offers the possibly to recover the money that has been lost is to hold our coins, which is why it is still kind of mystifying why so many people fail to see this when it is so obvious to us.

At present we've held ground, gone sideways if anything overall and above the 50 day average.  I think we remain bullish overall and far more positive then the previous regular decline, it was merely a rest stop in a bullish rally.
   We are below the weekly average but bigger then that is being above the 50 day.  I think if wanting to be cautious then waiting till we regain 43k roughly and then a greater acceleration should be observerable.

You are right, we've regain the $43k price level and so we keep our heads above the 50 day average again.

So I would say that it is a good sign that the bulls are still here in the market, maybe not as lively as before. But they are not giving up and could make a final push to $45k again next week.. That will be the target for now. It's the biggest barrier we have so far and we just had one attempt so far, it was a brief touch to $45k but then it retraces back to $43k'ish levels.

The price prediction here is more accurate. I can totally see why. A fresh rally can only occur after Bitcoin clears $43,800.
But I won't say that this is a great chance to buy. Bitcoin is certainly regaining its losses and has been at or near $43k for a while now. A bounce from here is possible because Bitcoin begins its restoration, and BTC is testing. So far, BTC's move has truly impressed me.

Let's hope we can overcome the barrier!

We are grateful that the price of Bitcoin has shown an increase, although it is still far from the expected price. It takes patience to invest in Bitcoin,
we cannot generate profits instantly. But if we look at the price of such strong support, it looks like Bitcoin is not going to drop below $40k again.
As long as the Bitcoin price is stable above $40k, we shouldn't have to worry. Because slowly the Bitcoin price will be able to return to the ATH price.
What we need to do now is to be patient holding Bitcoin until the price target we want is achieved. For those who believe in the future of Bitcoin,
then it's only a matter of time to get big profits from Bitcoin, hopefully this year the price of Bitcoin can reach new ATH.

Even if btc did not increase it was still a blessing and there would still be people that will feel grateful because those people wants stability or those people wanted to buy at a cheaper price. You are grateful because the price have increased, you should sell now. Do not say that you have more expectations to come because the blessings are going to be disappointed if you ignore it.

My grandparents always reminds me that, that we should ignore every blessing that will come whether it will be small or big because that's bad. In my case i have done my job of taking profits and now I am only waiting for the value to drop again to re buy.

Speaking of ATH then this is something which is unpredictable or simply no one really knows on what would happen in the future which means that even Bitcoin couldnt assure that it would last up forever but somehow we have seen on how it do able to remain on the top of the chain which it isnt surprising basing on that this had been the origin of cryptocurrencies.
People are way too optimistic that this coin/project would really last out for a while and even people believe that it could replace fiat which is impossible.In terms of investment then lots
had already been anticipating that it would really be good for long term holds which it had been able to prove it out.

In my opinion fiat will never be replace by crypto since if government will find it a threat for sure they will stop crypto to rotate on their economy and most provably they will not allow it to disrupt their fiat currency by a foreign object. Maybe we can safely say they will make it as alternative so that we cannot see another announcement of bitcoin banning.

Also if you talk about coin which have good potential just add matic and sol since they also got good runs and most provably they will be inline with the coins you mentioned.