Bitcoin Forum

Bitcoin Started Dumping again 
Now can we expect $17000 Again?
According to me, it will Dump again $17000    am I right?

Why panic? Do not expect bitcoin price to be increasing without any correction. We are also in the time of both bulls and bears, no side is more certainly predictable this time.

Bitcoin may decrease and reach $17000, or it may not. But that should not be a problem if you have good strategies of investment.

I think bitcoin may not decrease back to $15000 again, but bitcoin may decrease to $17000. That is a guess, I may not be right.

But I am right that we should not fear but see it as unrealized loss that will turn to profit in long term.

If bitcoin price decreases, just buy more and be happy that you buy at low price again.

I can not give you any suggestion, but from what I can see it won't fall that bad. But if it does, it may go towards as low as $10k per BTC. Noting is certain. We may also see a bull run sooner than expected. The bull run will begin in 2024 as predicted. No one can say it for sure 100%. We have a long way to go still. One or two fall may occur. Remember, bear market is not a bad thing. It's an opportunity. So be sure to be ready to buy and fill your bags when the time is right. If not, try DCA.

According to you it will dump again to $17,000....then you ask if you are right?

Who exactly are you asking? You are not going to get one answer from all community members. You will get tens/hundreds of different answers. Also how will we know how is right, are you just stating an absolute result that eventually bitcoin will or won't hit $17,000 again, or are you talking about a specific time frame?

Either way, your thread is valueless. You should not be asking the community what to expect and you should expect volatility, because that is Bitcoin.

It's up to you to do it. If it's really dumping and you saw it a week ago, it would have been better if you did it last week before this dump.  
You are assuming it is too low thinking that we are still early in the bear market. We are already in the last stage of a bear market, it's safe to think we are about to go up.  Think again because you might need to more USD to buy back the BTC you will sell today.

Any body holding from when Bitcoin was $100 would laugh at your question.  Bitcoin will fluctuate.  It always has.  Now you either panic and pretend to be a crystal ball or you be smart and play the market.

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Regards,
PrivacyG

Market is volatile all around and that is the reality of bitcoin. We're into the important week as more things are to be announced and the same can have positive as well as negative impact over the market of Bitcoin. Tomorrow CPI announcement which could make some changes. Following day is for US retail sales announcement, followed is the Unemployment claims. So, every information could make some noise in the market.

For now I personally don't expect another $17000 even if you make such a prediction to expect Bitcoin to return to $17000 again. Right now I'm just thinking and hoping about an improvement in Bitcoin and the correction you are seeing right now is a simple thing that has always been in the market. So please hope logically because now Bitcoin is starting to approach $22000 again with a very normal increase.

The main reason seems to be due to pressure on Binance stablecoin BUSD by the SEC as it ordered Paxos Trust Co (the issuer of BUSD) to stop creating more stablecoins pegged to the dollar.

This news created a FUD in the market and everyone started to panic and try to dump BUSD into another stablecoin for fear of its collapse, this of course caused a huge drop in the liquidity in the market and thus the massive drop in Bitcoin followed by a drop in the entire market.

But in my opinion, this is a temporary situation and soon the market will recover again.

Maybe at least tell us why you think it will dump to $17000? So we would actually at least have a basis on what to discuss.

Also, check bitcoin's price history. Dumps are nothing new at all.

Dumping? You talk of Bitcoin as if it is another pump and dump shitcoin. Bitcoin's price has always been unpredictable. It suddenly leaps high without anybody expecting. It could go sideways when everybody is bullish. It could fall just when people are expecting that the market is already bullish.

What exactly do you mean Bitcoin is dumping? The price remains above $21,000. Just a month ago, it was just at around $17,000. But what now if it falls back to $17,000? It means a better buying opportunity has come back and we should make the most of it.

Imo, The most recent dump is caused by the traders who saw the weekly death cross in the bitcoin's chart. That is why you are seeing btc acting weaker than the spx too, after the last week close. But if the US30 and spx keeps rising today after cpi data, btc will eventually find support somewhere here and start going up again.

I don't consider this bad for bitcoin. Instead, such type of news are bullish for btc since any unusual effect on stablecoins will force ppl to get out of it and buy cryptos such as BTC for their own safety.

Agreed  ;D

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Bitcoin needs a correction when the price is Up you will always see a downturn or pullback it is necessary and retest to continue the run and it happen also when the price is down vice versa. So if you still have money DCA maybe is the best when it comes to correction like this #DYOR #DWYOR

I will share my chart since this was a speculation board

This is Daily TimeFrame bitcoin retest at 200 EMA and should bounce back from there (at least that I hope  ;D ) The Stochastic RSI also in oversold meaning there is chance to back to retest resistance area on $25K

https://s3.tradingview.com/snapshots/e/Elze03JH.png

The news lately that has been making headlines is now BUSD is considered an unregistered security by the SEC. Now how they came up with that I wouldn’t understand. We had USDT for years and they never considered it a security but now all of a sudden they are going after Binance. Before this it was kraken getting sued for the staking  being considered an unregistered security.

However FTX went completely under the radar and those other companies which commited fraud. I will never understand how SEC think. So far Bitcoin is holding up to this news. Most will convert to Tether and move on.

I agree, IMO this is the reason for bitcoin dump as well.


The problem is that BUSD is issued by Paxos in Ethereum blockchain.

Recently, Binance decided to issue  BUSD in BNB and TRON blockchain without any Peg to actually BUSD from Paxos (creating money out of nowhere). They said that here in their website:



Then, you can read the same in SECs report:


https://www.dfs.ny.gov/consumers/alerts/Paxos_and_Binance

I think USDT is considered a "security" if they were as business as Binance, the difference is that USDT is not a company based out of USA, but binance.us is, and they are owned by Binance, and they control the whole of BUSD, not the same thing.

Obviously still terrible that they could make it like that, and I think they are basically saying "if we can't control you, we will punish you" and nothing more, and CZ knows this and will move towards more VPN side and not really care about what they say, because freedom to do whatever you want instead of doing what government wants will be a better profit maker for them. This is why they do not look worried about this at all.

First of all there is no need to panic. These little dumps and pumps are normal, and this is how the market works. If you don’t know about this, then probably you are new to this marketplace. Moreover what if also Bitcoins falls back to 17k usd? You will panic sell now? Dude Bitcoins are limited in number and rarest coins. So hold as many as possible as you can. In the future when the demand will be high, sell these in sky rocket price. And at last don’t take too much worries about these mini pumps and dumps. These are only done by the big whales to manipulate the market and making the most profits from it.

I just think that one should not get too excited by seeing Bitcoin rise and be disappointed by falling. This is within the normal process. Sometimes the price will increase and sometimes it will decrease and an investor should understand its nature and invest and have to make profit from it. It is normal for the market to be bullish for a few days and then turn bearish again. So don't get too excited about this. An investor or holder should strive to reach that desired position. There is no reason for Bitcoin price to fall at present, it is naturally happen for the volatility.

Yeah totally.
Having a target price could make things easy though. If you fix your target and wait for it, then price change won't matter. You will just have to wait for the right time. Traders can make money from this volatility, but for an investor, they need targets to fill. So it should vary from people to people. 
But if you know enough about bitcoin, then there's no need to worry about any dump. It will grow again.

A small correction that appears to be recovering already. I take this as a good sign and I think that shows the strength of the investors because they are not selling and holding firm. This might be the start of a good year and we can maybe recover some of last years all time high.

Everyone is really that aware about and keep their eye on CPI report.
https://www.cnbc.com/2023/02/14/consumer-price-index-january-2023-.html

So turns out to be having that 6.4% which lots had been expecting for some dump if ever this happens but we've seen that bitcoin touches up 22k once again.
So market fundamentals doesnt precisely affect but we cant really be that confident though because we do really have that so called after effects.  :D

Op referred as dumping because with last wave we have tested above $24k and most people do assume that  bitcoin is supposed to be at $24k right now. I am only not sure if this dump that we are feeling now will continue below $20k because the price seems holding strong on $21k. It would be better if the OP can give a reason if why he is so sure that $17k for Bitcoin is guaranteed to happen. Bitcoin is not a shitcoin but it can also pump and dump.

The only difference of BTC to a shitcoin is that BTC can always pumped up again after each dump while there's a tendency that a shitcoin can only dump continuously right after a pump. Everyone expects BTC to skyrocket but the more we expect it, the more the price will troll us. I think if we want the price to rise, we should expect that it will dump more.

Bitcoin increment doesn't have specific time it will experience increment or decrements, i believe that Bitcoin since the existence of Bitcoin the price never be stagnant, so the price going down simultaneously, their is every tendency that the price will increase at any point in time. So i believe that Bitcoin price will not be stable and it will be experiencing both increment and decrement until we enters 2024 were will bitcoin bullish will stand.

If it was stagnant then people wont really be showing up interest and same goes into those stablecoins out there.We do know on what are the opportunities that it gives when we do speak about moving prices which we

can really take advantage and make profits out of it but of course it does impose risks on losing too.This is why whenever you have decided to make involvement with Bitcoin or cryptocurrencies as a whole
then you should really be making yourself get prepared for it.

Dumps and pumps are really that common and you should really be prepared for it because if not then you would be ending up on losing big time.

BUSD is a partnership between Binance and Paxos, Paxos is the issuer and has full rights to BUSD, not finance. The SEC seems to be using its power to suppress, they haven't given any concrete evidence in this case, I don't think this story will go anywhere. What stopped BUSD was that Paxos was being investigated by NYDFS, and it was NYDFS that forced Paxos Trust to stop providing BUSD services.
It seems that the regulators have seen the potential and profits that cryptocurrencies bring, and they are looking to enter the market and control it.

Not every single downward movement of bitcoin is a dump and not every single upward movement is a pump, bitcoin is not dumping, it is just a small correction which was to be expected as the price has been relatively stable for some time and it was unable to surpass 24k after several attempts, it has become clear that the market is not ready for such levels at the moment and the price went down as a result of this realization by the traders, but do not worry, bitcoin is still trading at 22k and it does not seem as if it could go much lower than that over the short term.

Are we supposed to be asking in surprise if Bitcoin goes the other way and start pumping? Lol.
Nobody can even tell your right or anyone is right with their predictions and assumptions. So, basically the reason why Bitcoin is dropping again is because people are selling and their could be a lot of reasons why they sold, that's not easy to analyse and come up with a conclusion as to why.

Pumps and dumps are part of its nature of market price volatility and factors affecting this are actions of selling and buying which are determinants of its demand. For some reasons, we are seeing green marks filling the market at this moment so therefore, the demand is high and is affected by different reasons. Are we now seeing a bullmarket? Hard to conclude at this early. As far as I know, there ain't no strong support for the increase right now so corrections may still possibly occur. The price could still dump once majority of investors choose to chill down because of the idea that this is not a bull market yet. Not unless there would be a news to negatively affect the demand, which would make the possible dump bigger. That's just how this market works; revolves around demand.

Pumping and dumping is common, but today it's worth remembering because it has gone up over 11% and reached $24500, I believe February prices will touch $30k, and could be like January which was up over 40%, before prices got even more expensive then I suggest to keep buying, the increase will continue this year and maybe it will set a new price record.

Bitcoin is almost touching $25k but it is not strong enough to break through $25k and will take time to break through. But it will be passed by bitcoin either this month or next. And step by step, it makes bitcoin stronger to start increasing and even though there will still be a correction, it won't weaken bitcoin but will provide an opportunity for bitcoin to increase. If you want to buy, make sure you buy during a correction because there is a possibility that the price drop will deepen, which is a good time to buy more bitcoins.

Bitcoin has bounced back strongly and is now heading towards the $25k target. You might be proven wrong this time but you can learn from this that going against Bitcoin is not always pleasant.

However, Bitcoin is yet to break the $25k strong zone at full power, so now Bitcoin may give traders more time here for the next push. But anything can happen in the crypto market, even your target and maybe someday, who knows.

It did touch $25k already in the last couple of hours, although the break out is not that strong as we did go below it very quick, maybe there are speculators who sell on that price to take profit.

Nevertheless, I do believed that later on, we will see that price again again and then we will have a sustain run.

And it's good for those who have hold and didn't sell and keep on buying when the price hit $15k a few months ago.

There are moments like this that is insanely high rising in a very quick period. It didn't even take full 24 hours, like before it reached 24.5k, take a look at 24 hours before and then take a look at 12 hours before, it wasn't this high, which means that it was even like a few hours for it to reach this high.

That once again proves my point that I have been trying to make for years, bitcoin is something that can go up anytime, you should get in before it's too late. Too many people are "waiting" and they get in when it starts to go up and they are usually too late, if you get in when it is lower, that means you are going to make a lot more profit when it goes up.

The bad thing about fast rise or pump then im already anticipating that there would really be some fast decline which is really that very common unless if we are really that on a bull run but if not then those are just those

typical movement on a normal day but seems that there are still people who do get still surprised with these movements.Bitcoin dumping? Its not something new because if it was never been that volatile
then people would be finding it not really that interesting at all.They wont really be wasting up their times on something that cant make them money.

On the time you had step your foot into this market then you should really be preparing yourself on something like this.

These type of topics and the increases that following these topics are a curious matter. People see it going down, and instead of thinking "well if it is going down then it must go up soon enough" and not be happy about it, but they are mainly upset. We can see right now that it is not doing anything bad, it has already reached 24.5k which is a good price to be, better than most of last year, and we are going to see it go up even more this year I suppose, we just need to be patient about it. I believe that it is going to not even take that long, in a month or two we will probably crack over 30k for sure.

Fast decline will only be applicable if the market is truly in bad shape like there's big news hit which totally shift the mind of people from bullish to bearish. To many incident creates panic to people but this situation is different since many speculates about the bull run that might possibly happen soon. So we can guess to see a rise at the moment although there are dumps coming but this is normal since this is how bitcoin flows.

There's no news that we do have in the market lately but rather it was rather a positive one and not negative but still the market do make out some correction which just like said by others that it is really just that normal.People who are really believing that much on technicals did really make a sell out on that resistance and they did succeed on not to break that ceiling.If ever it did break then we would really be saying that this is already the bull run that we've been waiting for. On the time that we do make out some investment then it is really just normal that we should really
be prepared about volatilizes and random movements.

The price is affected when there's a good/bad news circulating around crypto and it's a common scenario that we should be used to. Because that's the nature of Bitcoin, the price can turn upward/downward unexpectedly hence it is not surprising if the price return back to $17k or break the resistance level.

Therefore you must have plan when you invest in Bitcoin. Are you going to hold for short term or long term? Choose what you think is more beneficial to you and less stress on your part. Because if you let yourself affected on the current price you might get panic and experience loss for being uncertain on what's your real plan.

I don't think, Bitcoin price will decrease back to $17,000 because the price of Bitcoin has increased to $23,547 few days ago to prepared the mind of long term investors and short term investors that bearish season is about to leave for bullish season to take over the market. If you are still waiting for the price of Bitcoin to decrease below $19,000 or $18,000 before you can buy and hold, I think you are wasting your time because the price of Bitcoin is still $23,000 for any investors to buy and wait for the price to increase higher before they can sell to make a good profits.

Maybe the price of bitcoin was dumping a bit a while back but currently the bitcoin market is pumping very well.  Dumping and pumping are two parts of the market. If the market does not fluctuate, the market will not exist. But if we observe the Bitcoin market recently, we can see that Bitcoin is moving very positively in recent times. Yesterday Bitcoin touched a new record for this year. Bitcoin touched the highest of $25K this year. Expect the value of Bitcoin to increase further this year.

Maybe the China ban is affecting price?

China’s central bank said all cryptocurrency-related transactions are illegal
https://bitcointalk.org/index.php?topic=5361687.0

Berkshire’s Charlie Munger Praises China for Banning ‘Worthless’ Bitcoin
https://www.barrons.com/articles/berkshire-charlie-munger-bitcoin-crypto-7f07ee72

We're still not out of the bear market, so there's no guarantee that won't happen. But if we wait for that to happen to buy in, that's a bad idea. For me, bitcoin falls back or continues to rise, I don't care much because I will only sell bitcoin in the next bull season. If bitcoin drops back, I will try to collect more bitcoins with good prices, but if bitcoin goes up to 25k-30k, I will also buy when I have money. As long as I can buy bitcoins for less than my sell target, I'll buy them.

Some people think that we are already in bullish season while the fact is the price recovery happen is so little compare on its past ATH so maybe best if they lower down their expectation and be aware on the risk for taking risky decisions since we might see the price to dump. Although we break the recent $25k yesterday but it doesn't guarantee anything but if what figures you said the $30k will be reached maybe this could change the pace and we can call it bullish condition since for sure hype will build up towards this price reached.

Well, I think you need to further enhance your knowledge about the market and also to keep your emotions under your control. I understand that you are just new here and it was very common to wonder why it goes like this. But if you understand the nature of the market, you will know that this is really going to happen in a volatile market.

$17,000? We're not sure about but I was been optimistic despite the current drop and I won't think it drops to that level again.

I still don't understand in what period bitcoin shows this strong recovery, although I am not sure if this optimism is healthy or not?  But you can tell by analysis/market/technical data and news… bitcoin has completely outperformed the recent FUDs, personally I don't think the 17k price is in line with today's reality.  Support is growing and you've seen a 1-week bitcoin sideway to 21k and break 25k back for the first time this year.  This is a signal that I think the structure is building, strengthening in the long term.  at least the expectation in 2024 is much greater.  Anyway, the 17k scenario is still a possibility, and we all have to be ready for anything.

Yes, although Fuds are spreading in the market, but bitcoin still hit $25k today. Shows that a bitcoin drop below $20k is highly unlikely. I believe we have bottomed in this bear season, and those who missed out in 2022 should buy bitcoin now instead of thinking it will fall again. If bitcoin can go up to 30k this quarter, we will never see a 20k price again, those who wait for it to drop will regret it.

$17K would no longer be touched without FUD being very bad on crypto. People are getting more and more optimistic that the bitcoin price during 2023 will stay above $20K even though some of us have concerns about the dip. But short-term fluctuations should be ignored as much as possible if your goal is to make profits in the long term.

OP, you should be pretty capable of avoiding panic when the market fluctuates. If you want to get good profits, then you have to be prepared for market conditions and ignore fluctuations. After all, the market is never stable, you can make profit in the long term even if the price drops at this time.

I agree, at the start of this year, everyone is very positive that we will bounce back and forget how bad 2022 is for all of us. And so we are all optimistic that we won't see anymore lower lows and that we have seen the worst for this long bear market.


Good advise, but I guess everyone should go on the experience of panic, not saying that it is good, but at least if you have seen in first hand and you reacted the right now, then the more you see it, the less you are going to panic and instead take advantage when the price drops.

As investors of course we know that the risk of bitcoin can be dumped at any time, and the best strategy for profit is to be patient and hold, if we use spot exchanges then we can set the selling price according to our wishes and I a few days ago set a selling price of $24500 and yesterday it was fulfilled, at that time I bought at a price of $ 22k and profit of more than 10% in only 2 days, and if we want to get 10% bank interest then we have to wait 1.5 years, whereas with bitcoin only 2 days.

And this is what makes bitcoin so attractive for many traders out there, bitcoin can give profits that in other markets could take a long time to get, for example where I live banks give very little interest so it would not take 1.5 years to reach a 10% gain but several years, and when we take into account the inflation rate which is many times higher than that then we can clearly see we earned nothing and instead we lost money, but with bitcoin you can outpace inflation as long as you are a good trader or at least you can hold your coins for a long time.

since it is according to you , then why we need to tackle this here in your thread?  and also according to you then prove us you are correct .
never ask us because it seems that you already has Idea and belief of what would come to bitcoin.
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Bitcoin will not drop that low again , instead like what we have today and since yesterday?  bitcoin will climb 25k and up this February .

You can't compare bank savings with investments, that's a lame comparison. Bitcoin is not the only investment that pays off, stocks can also give you bigger returns than a savings account in the bank. I agree that bitcoin is the best return on investment but also the riskiest one right now. And speaking of inflation with bitcoin, it has yet to act as a hedge against inflation in 2022. Its value has fallen by more than 80% and decreases every time inflation increases.

But what will guarantee that when bitcoin hits $30k, it will be a bullish sign? For me, even if bitcoin hits $40k this year, I wouldn't call it a sign of the bull season. I still believe in history, history will repeat itself, and the bull market will only come after the halving, not a surprise. With the current uptrend, bitcoin reaching $30k or more is possible, but I believe that when bitcoin hits that level, it will still fall back after that. I am still looking forward to this rally, bitcoin will hit $37k before a sharp correction again.

This could be a question that already has its own answer and will never be rolled back with all the answers in this thread. This only looks at everyone's ideas from the questions that are given to all of us. So Bitcoin isn't going to be that easy it's going to turn out really bad going forward. a lot has yet to happen for Bitcoin to decline.

We can’t still guarantee the prices so as much as possible if we do have plan to hold longer better do it when we have money and wait till the price arise and have profit. I regret many decisions before in not buying as well in selling when the price of bitcoin in 2017 and 2018 were too fast in movement, that’s why I chose to do buying whenever I have money and sell some when only needed since we know that BTC is still able to reach bigger amount buying when we have budget will not be a problem.

Fed came out and said Jan was terrible for inflation. Worst month since June of 2022.

.7% which when compound would be over 9% yearly.

this simply means 50 or 75 basis points next adjustment.

That is:

 March 15/16
 May    03/04 is the one after that



jan cpi  was bad
feb cpu seems to be just as bad.


I am thinking a 50 point adjustment is coming


All these will be hurtful to BTC

Well, that's pretty good timing I must say. Lucky you. It's really difficult to time the market correctly especially when it's more stable than it's actual moving nature. Those who time it correctly even in those times deserve some appreciation. 10% is not less, assuming if the value is more than let's say, $10k.

Also as you mentioned this yourself, a good way to profit from Bitcoin and cryprocurrencies is also by buying low and selling high, exactly how you did it with your trade. Personally, I find this method less worrisome than just holding all the assets forever. I would keep some for long term and use the remaining to trade crypto like that.

No one can say if the value of bitcoin will fall again to 17k$, and so no one can say because it is volatile and the majority of the community here in this industry already knows this.

      But with what's happening right now with the value of bitcoin, I think it's unlikely to happen, because I think we're probably in a bullish season, because you look at the value hovering at 24k$--25k$ each, that's where the resistance price is playing its for now.

The booming is always uninvitable, investors are to monitor the up and down of the market to make their profit. As a bitcoiners hodling is our slogan or our bitcoin Anthem. Anyone that is not patient can not make profit from bitcoin , because the long enduring process can frustrate person if you are not good in patient enough.

Lubang Bawah I like your market survey and the profit made from the setting goal. That is a good calculative trader. I know that you also bear the risk to get that 10% profit. You planned well but this can't go for every trader for now because right now the market is not stable. The market now is under probability to make profit or to lose so it is only a courageous trader faces the risk right now.

What tells you that bitcoin can not fall to $17000 again? What I analysed and that I think is that if bitcoin will fall again, that $17000 would be the resistant price. It is possible that bitcoin price may even increase to $40000 and get back to $20000 again. In 2019 when bitcoin increased in 2018 bad time of $3100 to $13000 in 2019, you can not believe that it would falled back to $3800 in 2020, but it falled back to that very low price.

why not update your thread here and post ( WHY BITCOIN PUMPING?)

this is the problem from your FUD delivering ,  because you love posting when the price is dumping but when there are pumps? you denied putting your question.

mate , Bitcoin now is climbing and this post stands when the price dumps bad last week.

That is what I've said , and that there is no need to be asked here because it is answerable depending to how they believe in like OP that he Knows what the answer here.
and I will stand firm in my post , that bitcoin will not drop that low no matter what happened because the market is now shows strong hold in this momentum .

Many people panic and sell bitcoin when the market is dumping, if we are used to investing or daily trading bitcoin then dumping is a good opportunity to buy, and this week the price has risen by more than 12%, if we are daily trading, of course we have to know a good moment to buy or sell, but if we make bitcoin for long-term investment then we have the opportunity to get more than 50% profit a year.

OP. Have you found the answer to why Bitcoin dumping?
Your topic was Bitcoin price $17K and you asked why. Now the Bitcoin price has reached a multiple of 2 of the price you questioned. I wonder why?
Then before the price of Bitcoin was $17K, what was the price of Bitcoin many years ago. The question arises again, why?

If the current Bitcoin price is $24,400, don't be surprised when one day the price returns to a multiple of 2 and don't panic when a new ATH price appears. That's Bitcoin.

being panicking is a attitude of a newbie or at least greedy  investors  that wanted to see profit in short time period and with those? i think we will learn in long term
I have been there before and I also knew how much i lose having this character that i learned eventually and not to do it again nowadays .

I have the same prediction as you, bitcoin falling below 17k is very unlikely, but nothing is certain. Let's not forget that we are still in bear season, and black swan events are all very unexpected, so any market crash could send bitcoin below $17k once again. I just hope there won't be any more crashes in the future, bitcoin will never drop below $17k, and we've bottomed out for this bear season. But always have a plan B for yourself because bitcoin is unpredictable.

We are in 2023 right now, if people still see the price falling and panic sell, then they haven't seen how bitcoin moved in the past 10 years or so. This isn't a secret information neither, you could google the past prices of bitcoin and see that whenever it crashes, it recovers as well. Which means that instead of selling, you should be buying bitcoin because that means you are going to end up with a good profit.

This is of course not an easy task, because people still fear, and fear is not something that goes away quickly. But you could ignore your fear of price going down, with the information of it always recovering eventually and that way make a good profit.

actually , even if it falls down to 17k? who really cares if we are here to let bitcoin stay and serve us in future?
we are only waiting for a couple of years and then we will be having another Halving that surely the effect will be positive and all will prosper? of course not to count those BS greed and not believers totally .

True, but what ends up happening is that people see how the price of bitcoin has moved over the years and believe they can take it with no problem, but when they find themselves in a situation in which the price of bitcoin begins to go down they panic, even if deep down they know this is the way bitcoin moves, so those people need to find a way to overcome those fears, and the easiest way to do this is to read more about bitcoin and how no matter how low the price can go it will always recover.

It's not dump maybe we could call it market correction looking from the last ATH is still on buying position. Presently now is at +23k so I don't think we may see 17k this month again maybe from next month but which I can't say with any assurance concerning the price. It's very hard to detect what may come of next in the entire cryptocurrency market.

I am sure that this is another game of copious market players called whales. The market reacts to the decadent mood in the world, to the news of countries, but the strongest influence factor is when rich players enter the market. They easily arrange panic, or euphoria, and the price reduction that we see now is their work. What should we do? Not to sell at the bottom, but on the contrary to buy more there.

Calm down, bitcoin is not doing anything strange or unexpected.

A large part of every bitcoin move is stock traders rushing in by looking at the FED predictions, CPI and all other global factors. They bought some because the FED was looking to slow down their rate hikes and now Biden came  to Ukraine and promised help and Putin threatened with their continuation of nuclear tests, so the war is going to continue, nobody is looking to stop. That's bad for the markets because war means inflation. US stocks were falling for the last 2 days and bitcoin is reacting to this.

Yes and even with those threats and the war is still behind us, the market didn't do something worst, we are still around in the $23k'ish. And so I say that there is no effect on that statement whatsoever.

Maybe others sell and panic, but there are more buyers obviously to make it even right now.

So yeah, we just need to calm down and if we have capital, just continue to buy and accumulate, simply as that.

I haven't said anything wrong but if you read very carefully you would understand what I meant, just take a good look at the market today you will understand that the market is not stable in anyway, I don't expect the market to go more dipper looking from the previous ATH you will know is pretty cool time for one to venture into it. Please carefully read my comments.

Maybe OP only has one question in his head so he can only ask about dumping here and never thought about why the price of Bitcoin could increase at the beginning of the year or when Bitcoin created a new ATH in 2021. Even though OP could find this answer himself by think about why Bitcoin after dumping can increase again so there's no need to bother looking for answers about that one question to many people here even though it's also not wrong to do so.

Maybe one day he will ask again why Bitcoin can create new ATH again after the price has decreased. But whether you realize it or not, so far I have very rarely found questions about why Bitcoin can go up or increase after a decline has happened to it.

All of these possibilities exist. Some of them are very high and maybe due to some whales and trading companies dumping their coins to reduce the price. For me, correction is normal. For BTC, I'm sure it will rebound, the name of the market is that the price will definitely go up and down. You will get know when you trade with a good knowledge .

Bitcoin always gives other people a chance to take their place especially if you want to hold Bitcoin too. This is the future of currency, and it is happening right now. Don't worry! Just hold your coin and follow its movement.

Bitcoin is dumping because whatever goes up must come down. You don't expect bitcoin to keep going in same upward direction without correction. What you need to do is either you are a short term holder, then study your chart and know when to sell and rebuy. If that would be so difficult for you, simply become a long term holder and forget about the changing prices and be assured of your results on the long run. Bitcoin is cyclical and there's nothing we can do to change its nature.

Bitcoin price fluctuations are forever unavoidable making it possible for traders to gain and lose in the short and long term.

Avoiding short-term fluctuations may be better by holding bitcoin longer, but still many traders will consider short-term trading because they are able to master a good trading strategy. As long as they can afford it and make profit, they can trade for the time frame as they want.

Take advantage of buying and selling prices when market fluctuations are high and price movements change quickly or are not stable, it will not be as profitable as predicted, they can only take short-term profits, but their next entry determines the purchase price must be lower, min. 20% of the take profit price, but if the market doesn't drop again and they don't have time to buy it due to recovery the price is higher and the market will form a new support area to keep the price from falling significantly.

Because the market is bullish lately doesn't mean the bear is over and for the record, the 4years cycle calculation is yet to be complete but its momentum seems to have changed due to the same market traffic that leads to the current bearish market.
Therefore, the reason for this current dump in price is not the role of the whale but the role of negative news and the market level of demand and supply.

Yep, that's right. It seems like OP is in panic mode but the price isn't that too low to consider it to go back at $17k since the support is kinda strong in the past few days. It's just normal to see the price go down a little bit since this is where the traders make money by restocking after selling.

We don't just expect Bitcoin to continue to rise unless if this is the bull run/hype but that has a negative effect on the market since the fastest it goes up the faster it will go down.

Ok we have seen the price going below $23k now and maybe the reason is

a, higher than expected U.S. inflation data
b, FED interest rate hike

So again, with this kind of negative news, our bullish momentum had stop for now, selling pressures are there, while there are not buyers in the market.

But I think we will bounce back next Month, perhaps in the next 1-2 weeks of March there could be some relieve recover to and maybe we can touch $25k by that time.

Now the market is evaluating three possible rate hikes of 0.25% each time - that's why, in my opinion, the bitcoin price is falling. If the FEd stops early, it will be taken as positive as possible by the markets.

What's there to look at right now? Are you saying that a move from 23 to 22 000 is something important to look at? 5% moves are nothing for bitcoin one day its 10% up another day 5% down.
 
You're right, there's nothing wrong with making predictions. I told you to calm down because I saw you mention 17000, which I think is such a low number that talking about it after a breakout above 20k is far fetched. When I see people who say that it can be 17000 next month I feel like they're panicking.
So you expect we could go to 17 but not lower than the established bottom of 15? IMO that's still a bearish prediction and I'm bullish.

And those who mastergood trading strategies tend to focus more on altcoins. This is because altcoins make more movement than the bitcoin within a certain time. Bitcoiners because of this reason are some percentage bitcoiners and some percentage altcoiners.
But I personally hold because I have difficulty in mastering the the chart moves and the changing strategies.

Apart from focusing on greater profits on altcoins, quick profits are also relatively easier for traders to get when investing or trading in altcoins, so far we know that bitcoin is a long term investment and that is why many traders prefer altcoins as short term investments because faster money circulation so far, I personally also do the same thing by dividing the portfolio that I have 50% for bitcoin (long-term investment) and another 50% using the funds I have to trade in altcoins such as BNB, XLM, Matic and several other altcoins that do have quite active movements in the market.

The law of demand and supply is what that drives the market and the market does not move in one direction , There are times of pull backs, whether it's in an Uptrend or in a dowards trend before it finally gets to it's destination point. Bitcoin is facing a strong supply /resistance zone at $25k which it needs to build up more momentum to be able to break through this level.

The increase in interest rates will be a fear for investors so they will withdraw their money from the market and it looks like the FED will raise a few more basis points to control inflation. I think that's been the trigger for the market to go down lately.
Also apart from that the IMF called a lot about cryptocurrency regulation they said that crypto is not proper as a legal currency and many other FUDs are making a downturn in the market. Maybe yes or not in mid-March it will return to the bitcoin price growth phase or maybe if FUD continues to circulate and interest from FED hasn't fallen I think it will end until Q1 ends.

IMF (https://cointelegraph.com/news/imf-says-no-crypto-as-legal-tender-community-disagrees)

The price of Bitcoin has increased for a few days but it has returned to dumping. There is no reason to worry because the price of Bitcoin has decreased. It is normal for the price to increase and decrease. If any investor sees that the price of Bitcoin has decreased a lot after investing.  There is no reason to worry. If you invest when the price of bitcoin is in the middle of dumping, you will get more profit.

From the above facts and arguments, I think everyone understands that we cannot always rely on a bullish trend in the bitcoin price, but we should expect a correction in the bitcoin price from time to time. Because without a correction it will also be a problem for the entire market.

There is no way to predict the price of bitcoin with exact numbers but we can estimate it by knowing or predicting price movements beforehand. The upward trend in BTC prices was halted in a dump phase which may be beneficial for long term investments, as this phase will benefit the few who are not here to use it.

BTC as the main source of income those who invest but those who see the potential of BTC in the future and see that it has real potential in the coming years and my filing says such people will definitely buy BTC at lower prices and earn more profit from it.

A trader is better off waiting for positive signs than investing in an unsafe coin.

PUmps and dumps? Are people still get surprised and shocked until this time? If you are just new then its understandable but if you are already been spending some few years on this market then you shouldnt
really be scared about these movements as if these things turns out to be that in default or something that is really normal. This is where people do make out money out of these movements because if it
wasnt moving then for sure people would be losing out their interest into it and would transfer out on something that is volatile.This is why its really that good to have this movement because this is where
you do make money. Dont be scared because this is one of the risk that you would face up on the time you do decide to deal up with this market.

I will not call it a disposal because a small correction that is always in Bitcoin in the market is a condition that is very common in Bitcoin. So I will not say that as a disposal because the increase also often occurs in Bitcoin as an effort to recover prices in each month, and currently Bitcoin is back below $ 24k with a large level of demand and supply so that the price increase is still very possible to continue to continue Continue again in Bitcoin.

It's because there are some news about some company, Silvergate  as it is on the brink of bankruptcy. And since this company provides banking services to crypto businesses, it somewhat trickle to us bitcoin, hence the price again slide to $22k.

Although the bleeding has stop already and at least the price not going sub $20k. But still though we are almost breaking the $25k barrier again and hopefully this month we can do it and maybe looking for $28k as the new price resistance.

The market crash was sudden and quite a shock, but it still managed to hold it above $21k, but if that continues it will certainly be able to break the price resistance at $20k. Rumors about Silvergate are indeed one of the triggers why bitcoin can suddenly drop. Silvergate is late in providing its annual financial report and this is certainly an indication that there is an internal problem. this incident was detrimental to many futures traders because many traders' assets were liquidated very quickly. Even centralized exchanges like Coinbase through their official twitter account announced to stop deposits and withdrawals to and from Silvergate. because that would be bad for their market. if not terminated.

I think the Bitcoin market always moves up and down. However, it is very difficult to say what is causing Bitcoin to be currently dumping. I believe that if the Bitcoin market is pumping for a few days and then dumping again, this is the religion of the cryptocurrency market. But in case of Bitcoin if one invests then there is no possibility of losing money. So there is nothing to be disappointed by investing in Bitcoin. The market will always be on the upswing and at some point there will be a huge increase.

Hopefully Silvergate is the last victim of the LUNA/Celsuis/FTX collapses that spread around since all these companies were too linked together holding each other's funds.


The market still has to deal with Fed interest rate raises continuing for a bit longer and negative and overbearing SEC regulation on crypto looking likely to ramp up. We don't need any more crypto company collapses to add to the headwinds.

Hopefully within a week the Silvergate crash is in the rearview window and Bitcoin is heading back up toward $25k resistance.

Profit taking is the simple reason and other reasons also perhaps but mostly selling an asset speculatively is main motivation to cycle through selling an asset now and buying it later.   The more people need to hold the BTC because its useful and widely distributed in its use the less we are bound by market and more by usage.
   Price recovering only a small bit as we rise enough to meet the 2 day average at 22.4k

There's always a target price and we do know that not all traders or investors would really be planning or tending to hold for long term on which means that there are ones who would really be deciding
on when they would really be taking up profits on a certain price or level which means if ever the price do tend to go up then there's always that selling point which means those resistances above.
Price cant really just shoot up on what those newbies do really mind or thinking off with. Dumping and Pumping, these things are always the most common scenario that
someone could face on.This is why its better that you should really get used to it.

the volatility factor is the major reason why this market is very attractive to traders. the roller coaster ride is where they are getting their profits. however, it is not for all as you should also know when to sell off your satoshis. though it is when it is above your buying price but there are some unavoidable reasons such as selling because you have urgent financial needs or owed to your own panic.

Not all though, maybe they are afraid of what is going on, so they sell or at least hedge it to stable coins to stop the bleeding. We have seen the price bouncing around $24,000 before the whole Silvergate bankruptcy and what not news comes out.

And so we are in the price of $22,400 as you what said this weekend.

It might be good that the market didn't go that low to $20,000 again as if it did then we could see some crash again and wipe all what we have gain since January.

Dumping and rising is a common thing in Bitcoin or other investment products, maybe people who are still shocked by Bitcoin fluctuations that are like a roller coaster, but for those of us who are used to when the market dumping is a good opportunity to buy more because of the potential term potential Bitcoin is very good and profitable.

im also agree with you because i feel this bear market is not over yet, if we wrong maybe bitcoin will reach 28k or 30k this month.
But it seem like impossible right now and biitcoin will reach new ATL from last year.

bitcoin is a very volatile asset, we will not see the price forever be above or below, in the next few hours the price of bitcoin may fall or even rise, so that's when the bitcoin price dumps, don't need to panic, take it as normal because that is proof that the transactions taking place in the market are large.

The crypto market has experienced significant volatility in recent weeks. Recently, the crypto market has been rocked again by negative news from Silvergate Capital. The development has even added uncertainty to Bitcoin (BTC). However, in the last few days, Bitcoin has remained stable at US$ 23 thousand.

Source (https://investor.id/market-and-corporate/323448/pasar-kripto-kembali-digoyang-kabar-negatif-bitcoin-tetap-stabil-di-us-23-ribu)

Bitcoin has been very volatile for a while now. But I think the Bitcoin market is going to get better soon.  Bitcoin market is going through almost dumping right now.  Bitcoin price will increase a lot in few days but it will have to wait for a long time.  I don't understand why the bitcoin market is dumping us right now. But I am taking a little loss now by investing in bitcoin. But hopefully I will make it back soon when the price of bitcoin goes up.

Bitcoin is always fluctuating and we must be wise if we invest Bitcoin, but if we have a long -term plan then save assets to Bitcoin is an intelligent choice, but most people always check daily prices so that when they see the price of drops then panic and sell with loss.

The problem is most people have this picture that when bitcoin is bullish, it will jump from 20k to 50k in an instant without facing any obstacles or resistance on its way up but that's not how these markets work!

We need to understand that for bitcoin to go up it has to dump drop before it goes up as this is the only way it builds fuel to go up to its next destination..If only people read more about liquidity, inducements and all this will give everyone of us a better understanding of why price drops happen...

Price seems to be consolidating and if you look at the price action... for traders, this isn't the best time to hold trades for a long time as the price could easily spike either upwards or downwards wiping peoples open positions even with stop losses set, but of course, you could take short term trades and get your 5R and you out of the market...let greed not tie you down.

On the time that you had stepped your foot into this market then you should really make that yourself that be aware that market price is always that volatile and something that cant really be predicted.

This market would involved lots of pumps and dumps and moving sideways and this is why it would really be that surprising that there would really be situations like this.If you are that someone
who does have that weak hard and having that impulsive emotion then this market isnt really for you because you would really be making lots of mistakes and errors due to impulsive
emotions which would causes out errors.This is why you should really make yourself that established when it comes to this so that you could bare out on what this market is involved into.

Bitcoin traders are not having the best of time at the moment because I think a lot of them are struggling to read the Bitcoin economy. It is very unpredictable at the moment. A lot of people are predicting under $20,000 and the bulls in the community are saying we should break $25,000 by the end of the month. I think we will do the last one and push on next month to higher amounts but my confidence is not high.

Every time there's a dip, people react in same ways. Last week when Bitcoin was approaching $25k, everyone seemed to be in a state of FOMO, eager for a drop so they could buy more. But now, after a pullback, people seem to be losing their concentration and questioning of the present situation. The truth is, the market will always give you a reason to be afraid. It's up to you how create a solid plan and execute it. Only then can you truly make the most of any situation, no matter how uncertain it may seem.

I think the biggest factor influencing bitcoin dumping is the large number of crypto cases such as FTX and LUNA, according to reports FTX lost more than $3 billion and LUNA more than $5 billion, of course this is a big value and creates panic for investors, but from these 2 big cases it should be we can take an important lesson, namely do not store large assets in exchanges.

First of all, we don't know the total reason why the value of bitcoin has decreased in the market today, like today it is at 21800$ each bitcoin. I can only think of one thing why it has decreased in value a little.

     Perhaps this is because other holders of bitcoin have sold a large percentage of their holdings in bitcoin, and may also have been affected in some way by what happened to silver gate which has volunteered to close as far as I know. Other than that I can't think of any other reason.

Agree with what you say because when you look at the results of speculation sometimes it really isn't going well for now and maybe even from a few months earlier so this is not a good enough time for traders. In this case, I think that if we have conditioned ourselves to become traders, then I think they have to make up their mind because this clearly shakes them up with expectations that are not in line with the current reality.

Now I think it's better to pause and relax into a long-term purchase than to suffer again and again losses.

I think that's not entirely true, that's actually doing pretty well if you ask me. I mean sure it is not going up like it did, but for traders it has to go up AND go down in order to make money, so from a speculation point of view, they are actually doing the right thing because they are making a profit and that's important.

I believe that people will end up with some sort of situation where they won't be able to profit if it keeps going up, why? Because trader would buy, and they would sell, if it goes up directly then where is the profit there? They need to buy it when it goes lower, and they need to sell it when it goes higher. It went up, now time for a drop.

Crypto market isnt really that precisely reacting into those common or traditional market fundamentals wayback but now it is really starting to be one.

Example this.

https://finbold.com/1-billion-worth-of-silk-road-bitcoins-on-the-move-btc-dump-imminent/
https://beincrypto.com/crypto-markets-dump-60-billion-less-hour/

If we do see these news or fundamentals then we could actually say that this is really indeed bearish.

Fluctuation always happens in the market, and even though these things happen if you are a long term holder of bitcoin you are not affected by these scenarios.

      The only ones affected in these situations are the day traders or scalpers and communities who easily panic leading to the sale of their assets thinking that the fall will continue but the truth is not.

Apart from being an opportunity to buy more Bitcoin when a downturn is happening, those of us who are used to seeing Bitcoin prices decline in the market must also find out the cause of the drop in price. So that we don't just get hung up on looking at buying opportunities, but it's also important to know the reasons why, because even though we're not surprised when we see a price drop, in the end everyone will also expect an increase in the price of Bitcoin again and that also includes those who have buy when the decline occurs.

Now the Bitcoin price is back under $20K, which means there is a lot of potential to create a new ATL this month. But personally I still believe that Bitcoin will not immediately create its new ATL this month, because an upward bounce is also very possible if there is no more bad news affecting Bitcoin holders this month. But there will also need to be more new buyers for Bitcoin for there to be a strong impetus to increase in price again before next month.

The dumping was due to the US government taxing bitcoin miners by 30%. It's a jump from 10% to 30% if I'm not mistaken. So that is a big jump and it could really hurt their business, after all, they are also in here for making money.

So it just shows US anti-bitcoin for the longest time.

Anyhow, there are still other options, maybe just go to other countries with cheap electricity and more friendly to bitcoin mining activities.

Now the price continues to fall, several scenarios occur due to bad news happening regarding other negative things and this is indeed FUD which continues to be spread, we don't need to panic because after all, the price will not be corrected as long as it is corrected, we must be a strong holder and should not be influenced by anything.

Daily traders usually do stop loss to prevent big losses because this is indeed an unexpected situation who thought March would get better instead bitcoin turned around to $ 19,000 again because in the opposite direction there was a lot of panic going on until there was a possibility that someone was selling assets in this situation recently.

I don't think it's FUD though, it's very clear by now,


https://www.coindesk.com/policy/2023/03/09/us-treasury-department-proposes-30-excise-tax-on-crypto-mining-firms/

So it's a announcement that negatively affecting the price, hitting lows of below $20k again.

Very hard since almost all of what we have gain has been wipeout because of this news.

From the start of the bull run after a long time bitcoin has been under 20k also we are constantly reminded of the bear market that will last a long time and this bull run is temporary, and we shouldn't be surprised when bitcoin turns red again. For people who want to hold on for a very long time, it is precisely at times like this that they buy bitcoin again. However if those who are unable to hold on for long periods of time, they will most likely panic.
This is a very common thing in the bitcoin space, the price swings in a short period of time we have seen a lot. What we can do is keep holding on to the decline, and if we can then increase the number of bitcoins we hold.

this week there is a lot of negative news around bitcoin and other factors related to it. Many thought that today the price will go below the 20k mark. For now, we keep this level, this weekend will show the trend for the new week.I am still full of confidence that we will not go any lower but will try to maintain the current level.

The current price level was not maintained, but instead increased again like today where Bitcoin is already at $ 23500 and that is an increase of 15% for today. I am also still very confident that in March Bitcoin can still go to $ 25K if the price increase like now can still occur frequently in the following days of this month and now I don't know if something good is happening so that the price increase can be that fast.

In the current situation, the price of bitcoin has dropped in the past few days and now it has recovered somehow.

     This happened because this week as far as I know there was a banking system problem in the US country related to cryptocurrency such as the shutdown of Silvergate, and signature bank. thus affecting bitcoin's market value.

In recent days, the price of bitcoin has not been weakly tossed up and down. Dumping is: 1) whales buy bitcoins because the price seems attractive to them or they are trying to cause panic in the market. This means a panic sale from hamsters, like an avalanche. After that, the whales will be purchased at a low price. 2) or it's just fluctuations in the market from ordinary cryptocurrency users who coincidentally bought bitcoin together

Why just people cant really accept the fact that the price is really just simply volatile? Why they are still get shocked about on the price been going up and down?
Dumping? Its not the first time and we know on whats the behavior of this market which is simply that cant really be that known or predicted.This is why on the time that you do
engage out with this market or do make out involvement then you should really make yourself prepared about the movement of prices.
Face up on whatever things that you would encounter and its just like an ordinary day if we do speak about movement.

Dumping is a common thing, even many people want to buy bitcoin when the price is cheap, in my opinion dumping is also a good opportunity for daily traders so that bitcoin is always active, with the very large bitcoin marketcap at this time of course the price drop is purely from the conditions that are happening in market, it's hard if anyone can manipulate bitcoin price.

The Bitcoin market changes every moment and it never stands still. A few days ago the Bitcoin market went down a lot but later the market started to rise again. If you watch the Bitcoin market today, you will see that Bitcoin has seen a massive increase in the past few days. But right now, the price of Bitcoin is around $25,000 and looks likely to rise further in a few days. The Bitcoin market has changed a lot these days and the price is also increasing drastically.

The price of Bitcoin fluctuates due to various reasons.  When a cryptocurrency-related company collapses or declares bankruptcy, the price of Bitcoin goes down a bit as all investors tend to convert to other platforms such as Bitcoin to dollars. Due to this, the price of Bitcoin continues to decline. As the number of people investing increases, the price of Bitcoin continues to increase exponentially. There are also other reasons why the price of Bitcoin increases.

Bitcoin price movements are influenced by several factors but the most important are demand and supply, but sometimes external influences such as negative issues, bankruptcy of crypto companies and even statements from leaders of major countries also often affect the decline in crypto prices, then when prices fall do we need to panic? definitely not, because with a decrease in price we can at least buy bitcoin at a low price and this gives us the opportunity to get a bigger profit if bitcoin recovers later.

You will very rarely get news that bitcoin's internal factors have made its price dumped. The average is influenced by external factors including some of the things you say, in fact I can say all of them.

Then from that, not all traders have the same abilities and knowledge and strategies in the market. Consider that some of them are beginners, they tend to panic because of price volatility, make wrong decisions, and they will incur losses. If everyone in crypto is the same, then I don't think the price volatility is this great.

There are many other factors involved in Bitcoin, but generally these factors are very common for fluctuation of bitcoin. If we notice that when there was panic about the bankruptcy of Silicon Valley Bank, Bitcoin slowly started to fall below $20k but when the bank customers were again allowed to access their money or get the permission for withdraw money at that time Bitcoin rose to the highest as of lately, Bitcoin is influenced by economy, business and rich country's various rules and regulation.

For the long term, bitcoin will continue to be good and profitable, and today the price has risen more than 6% and this week has risen more than 32%, of course many regret selling bitcoin cheaply, many experts predict that when bitcoin can touch $ 25 k then it will continue to rise and unstoppable seems right.

As investors we must always think positively, whatever conditions occur we must act wisely, when the price is dumping it is the best opportunity to buy, most people do the opposite to buy when it is rising and sell when the price is dropping, let's change that and when the price is dumping then we have to buy more.

Yes right, when the price goes up, more and more FUDs are spread, usually they say this temporary increase is just a trap because the price will dive again, but we don't care about FUDs, instead I keep buying and will hold for the long term, I'm sure this year the price can reached ATH in the $80k range.

Bitcoin is not dumping no more. I hope no one made a bad habit to 'panic sell' during the correction. I think people panic sell because they feel the benefits of seeing their investment succeed do not outweigh their perceived negative consequences of a loss.

For example, behavioral economists have observed that people are naturally loss averse.  They like winning but they hate losing more. Therefore, people sell because at the end of the day they are committed to avoid losing than to actually winning.

Another reason that makes Bitcoin continue to increase is because there is a higher level of buying and it could also be because of the bankruptcy of a central bank which has recently been the topic of many people's conversations. Thus making investors and bank customers have to look for other places to save their money which some of them might run to Bitcoin so that Bitcoin has increased a lot in a matter of days.

Now the price of Bitcoin is starting to be stuck at $27K even though it almost touched $28K yesterday, but for now Bitcoin is only at $27K and I also still have confidence that the price increase will continue again until it is close to $30K if the volume of purchase requests can continue to increase on the market this March.

it seems so, it's been 1 week the price of Bitcoin has continued to increase and I also believe that the positive trend will continue.
I think there is nothing surprising about the slight decline / correction in prices that occur because it is very natural because Bitcoin price movements move quickly, but let's look at the many positive things that happened at the beginning of this year and this increasingly convinced many people that the price of Bitcoin in 2018 it will continue to grow, so there is no need to panic or be afraid when the price is slightly corrected.

We cannot expect bitcoin to only increase without correction, what is happening is completely normal. I think bitcoin will correct to $25k, then bounce back and hit $30k soon this month. What I hope is that there won't be any negative news, it won't be too hard for bitcoin to conquer $30k.

Yes, I think this is the wisest thing for investors to take advantage of dumping to seek profits in the future. As an inventor, you have to be smart about taking advantage of opportunities when the price dumps, that's where we have to look for opportunities by buying. Now the price of bitcoin is $ 27k I think this March balance will reach $ 30k, you need to know that panic will make us regret it later.

Buy on dip is the best advice for those of you who expect long-term profits. It's up to you to buy how low as the dip, but actually dip is an opportunity worth considering instead of expecting buy on the pump.

Right now the price has broken the $28K resistance, then I can expect $30K during this month. Obviously we have passed the lows during 2022, now is the time to expect good returns during 2023 especially if you have passed the accumulation phase.

Maybe, everything can happen with the latest price later but I'm more interested in the increase of other coins that are not so good going forward because I have some coins that might not be so good going forward. it's good to keep looking at the graphs that will appear later before it's too late.

Bitcoin dumping is common and happens frequently, we as traders of course also hope that the dumping price will be able to buy again, and dumping is a good opportunity to start for newbies so that when there is an increase, he can get big profits because he starts by buying a cheap price.

The rise and fall of bitcoin prices is a natural thing. Moreover, the cryptocurrency market is relatively new and does not have the regulatory and stability framework like traditional financial markets. But recently the price of bitcoin has started to rise again where the price of bitcoin is currently trading again in the range of $27k. Therefore, it doesn't look like the bitcoin price will drop further to the $17k area.

What you say is a good thing and also wise because in general it is always more suitable to buy when dumping is already happening, not when dumping is happening. Because being able to buy at the lowest price position is something very extraordinary for those who are chasing profits because they can immediately sell it when what they buy is already at a better price position.

Most wise investors prefer to invest in the long term if it's in Bitcoin and they also won't immediately sell when the price is increasing unless that price is the highest price they want in the previous target. Now the price of $ 30K has not been reached, but some investors still like to buy to invest in Bitcoin because maybe their sales target for Bitcoin is much higher than the current price and that is also a wise thing in my opinion.

Don't think too much about other coins if you still like Bitcoin, whose future is clearer than other coins that are not so good in the future, because some people still feel sorry when they don't have time to take advantage of the moment of increasing prices in Bitcoin because they are too negligent with other coins whose future unclear. So if you still want to take advantage of Bitcoin, try to forget about other coins for a while and focus on buying Bitcoin from now on.

It wont be called a market in the first place if it wont really be having that kind of behavior where those ups and downs would really be just that typical on a market. Why Bitcoin is dumping?

Of course because we do have that sellers as we do called and someone who would be bought into those floor prices then it would really be called buyers which is the basic concept of this market.

If you cant bare up with the risks involved about these volatility then it wont really be that just right for you.This is how market works where prices do really move out
and this is where people do make out money.

Dumping is a common thing with any type of investment, we often hear that many stocks are locked up because they are already at a worthless level so dumping is commonplace, but for investors who hope to make a profit, dumping is a good opportunity to buy because you can get cheap price.

I think the dumpings that you said there are both the same but I think what you mean is we must not wait for the price to dip heavily but once we saw a minor dip, we must hurry up and start buying. That's a good advice because often times, people can only miss the buying opportunities only because they got greedy to wait for more.

The same thing is experienced when they're about to sell. They also wait for the highest possible price. Nothing wrong in selling too early but this was in fact better than missing the selling opportunity. Those who sell early must have their reasons on why they do it. It could be they in need of money for emergency purposes.

On the question of whether it is difficult to say if the price of Bitcoin will fall to $ 17,000 again. While it is possible, there is no way to know for sure what will happen to the price of Bitcoin in the coming days, weeks or months.

Rather than focusing on short-term price movements, it may be more helpful to consider the long-term potential of Bitcoin as an asset class. Many analysts and investors believe Bitcoin has the potential to become a major global currency and store of value in the coming years, but this vision is subject to a variety of factors, including regulatory developments, technological advances, and more.

No one really knows but there are actually those bears who are still waiting for 10-12k price per coin which we know that it isnt something that impossible considering that this market is truly that unpredictable.

There's no way that we could be able to determine on where it would be going.It could rise up its price and it could really dump also, no one knows on whats ahead.This is why as a trader then you should

really know on when to enter when the price is most likely on the bottom.How you would consider out the bottom? Its up depending on you because its never been that
simple on having that kind of prediction specially on bottom or peak prices.

Waiting for it to become delicious food for big investors to take big profits in the future. So you better take a wise step if that happens. but the exact time only you can choose when it will be done.

Bitcoin dumping is common and often happens, the causes of dumping are of course varied and most of them are the impact of scam projects such as exchanges, and in 2022 big cases will occur because FTX becomes problematic, hopefully there will be no more big cases so prices will pump soon.

Several times I came across threads like this and several times I said that the possibility to go below $20k is very small.
Why is that ? first because currently bitcoin is in a positive trend. and secondly because currently the crypto market is getting closer to the bull which causes more and more people to buy and causes the price to slowly increase.

and in the next day the post will be " Why Bitcoin Pumping" lol.

why not just follow the market and news? there are lots of threads here created each time and you don't have to be another one .

News are easily spread when there is something the community needs to know and i believe you have noticed that for years.

and there is Cointelegraph and other site that you can access for the answer to your questions.

forget about scam project because most of the victims are either noob or those who has a greedy attitude but of course some issues occur and that damage the price for a  while but recovering next time.

What have you prepared if Bitcoin will Dump again $17k.
Every time a correction occurs there is always an unexpected surprise, it doesn't matter if Bitcoin drops below $17k, as long as you have an investment strategy a correction is the best time to enter.

All of us who are here are only guessing without any certainty, anything can still happen as long as demand and supply are still there. I don't expect Bitcoin price to break below $20k, it will make me wait a little longer. However, if the price continues to fall, immediately take a position to get a return when the price is high.

now bitcoin is not in dump but actually it is pumping so sometime estimation become wrong because the price does not remain constant and it fluctuates regularly. Now the price of bitcoin is above 28k$ and it is consider to reach up to 30k$ in price but we don't know what it will happen.

Bitcoin is volatile but nowadays as you can see that the price is so high to gives its holders awesome profit and those who have already hold bitcoin can get benefit these days as the price is higher these days. From a single dump we cannot say that the price will persists in dumping position because volatility is the key feature of bitcoin and other coins of crypto industry.

The positive trend is a good moment for Bitcoin and it is also still an opportunity to continue increasing its price potential this year. Right now it is very visible that Bitcoin continues to hang at $28K with no correction to the bottom area, and I hope there is no more dumping this month so people ask why Bitcoin is increasing even though it is clear that price increases always have a reason.

Bitcoin dumping is a profitable thing for those who are used to trading, if the price of bitcoin continues to rise then no one will want to buy it, but if it is dumping sometimes it makes anyone have a good opportunity to buy, especially now that crypto trading has become a job for many people so dumping and pumping are both good and profitable.

These newbies are always the ones that will get hurt when bitcoin takes a little dip and they are also the ones that wanted to buy bitcoin cheaply. I know some newbies are still waiting for bitcoin to drop to $12k or something and it most likely not happening. Now bitcoin is at $28k and it might continue to increase slowly in the next months to come. So for the newbies out there that are waiting to buy bitcoins cheap, you better start your won DCA right now while we are still a year away from the halving.