Reason Behind this dump or small dump?

I was awake at the time when BTC crashes in just matter of minutes. (It was night here at that time). I was observing the market and began to think what the reason behind it would be. Then I slept and today I found one article posted on Coin telegraph website which covered 5 reasons that are not 100% accurate or confirmed reasons but it is what it is:

1. Elon's company SpaceX sold a lot of BTC (worth more than 350+ million dollars).
2. Fear of an increment in Interest rate.
3. Some Financial analysist says the bond yield was going up.
4. Devaluation of Chinese Yuan.
5. Some says, market was dumped by whales to enter into ETH, as just after the dump ETH ETF got approved.

To be honest I knew less but after reading such articles i can say i am improving day by day. Here is what I think, Fear of an increase in high interest rate and the yield bonds getting high are related to each other because in BTC there comes volatility but lending money to government do assure them returns at least plus the pressure of High interest rate also encouraged people to put money into government instead of BTC. Devaluation of Chinese yuan already affected the price of BTC once in past in 2015. (Already written in the article). Point is i quite not really understand if they are not adopting BTC like they banned it then how their currency could directly affect the BTC price because back in 2015 they did not ban BTC like they did it now.

Lastly, this ETH shit to buy more ETH they sold BTC. I am not buying this shit but let's say some people do not respect BTC or decentralization they respect money, and they are whales i think so it might be a reason too. Well, i can say one thing for sure that this is just a temporary thing, and we should not panic instead those who have fiat should take entries by doing DCA. Because in the long run BTC is there to stay. One more thing that really excites me back in 2020 the RSI of BTC was same as was today.

I am not seeing at the lowest RSI point (tbh i do not know what that mean is but i will learn about it too) the thing which i noticed is, back then after touching that RSI point BTC consistently went up to the new ATH does it mean now BTC will also go to that point.

I got your point mate and i will try to share my own comments too which i also did so thanks for heads up.

Yeah, you got it right, my mother language is not English, English is my third language first is Punjabi, then Urdu, then English. So, it become a little difficult but i am trying my best and by time on here it will be improved. And i can understand, if one question is asked again and again then people do get frustrated and from now on i will be more careful.
Got it.

Answer to your query is not fixed but a variable one because if we look at the history events of Halving, we will see not every bull run starts just after the halving, some took 6 months, some Tooks 3 months and one bull run Tooks 13 months, i think. The difference of months i told here is not confirmed but you could confirm them by searching on the google search engine by writing these prompts or in any AI tool which could provide you up to date data.

"When did Bull run starts after halving of 2012, 2016, 2020" We can see halving took place in 2020 but ATH was set in 2021 which means the difference between these bulls run dates is huge and does not depend on each other.
But if BTC continues to be misused like this then authorities will take some bold actions against it but i think your intentions are just to show that BTC could be used for anything, and those authorities still cannot do anything at all and i am agree with you.

I am making this topic out of curiosity to know more, what actually driving all the powerful and non-powerful countries to be in the competition and why there is a competition in the first hand. Why just people cannot live together and care for each other not like by doing each other's bidding instead without fighting.

If, i took my own example then we used to rule subcontinent for so long then Englishmen and Indian took over, so we have to fight for another nation which is Pakistan (my history lessons do need sub retouch but as for now just take it as an example). Why we fought for new country the reason is same for each and every other country for which they fought to be independent and so they could follow their norms. Those norms could be based on many beliefs but most those are religious beliefs because we fought for religious beliefs so we could worship with full freedom.

I am not going to mention any other thoughts that could lead to many religious riots because in my time here i do understand that this platform does not tolerate that.

So, the point i was trying to make here is, even after getting our own country other countries are still interfering in governments rules and taking things over. I don't like to mention names but many already knew. And just to clear i am not saying these statements to put my problems (my means my country) in front of you guys instead i am just using it as an example.

The Thing that drives one person, or nation, or governments to make such bold moves is Desire because even when we were living together in subcontinent, we could make civilized nation and still follow our norms, Englishmen could follow their norms, Indian could follow their norms and Muslims could follow their norm. But the only thing that excites everyone to move ahead of other was Desire

Now what that desire is about that could of getting power in terms of Army, Nuclear Bombs, Economy, Central Currency mass adoption (etc.). and control over people's life.

Means if there were not riots and no financial recessions were occurred back in 2008 then i doubt today there would be any Crypto exists. But downfall of one lead one person to make another innovation in place of that. In today world people are working there ace off but still few are living a healthy and wealthy life. Those few are those who are only paying:
Governments taxes.
Those people do not pay:
Black Taxes.

What do you guys think really drive all the government and platform like this new Platform vanguard, BlackRock and some other companies which holds 88% of the market in US and they are almost in every market and now these platforms are coming into Crypto too. I know i started the topic from history lesson and end up at today's problems, but I have to link something to make my point clearer. Why Corona Virus made some people rich why there is a monopoly in the whole world civilization.

One thing is thirst of money because making millions is easy but making billions is not easy and we all know that how big the difference is. So, are these platforms and governments being only after money, or other power to control people's life they are already manipulating people's thought through internet like news of Fire in Lahaina and fire in Dubai and fire in Saudia Arabia. These might be consequences but back in time Ford Car company also took loan before 2008 recession and all other companies go bankrupt why they attract money just few months before recession and why big companies are after BTC and trying there hard best to collect BTC and still delaying the process? That's all my confusions are if anyone love to share their thoughts then i am grateful to you all.

I did not mean to say that we should depend on government fully instead my intentions were to clarify that governments have made severe type of circumstances for the people now that even with one job they are finding alternatives. I know in this race of staying ahead of another where one wants to buy his dream car, house or anything must understand that in order to fulfill their desires they have to earn more and become more independent of the system.
I knew about this case, that's called black tax. Where we intentionally or forcefully want to take care of our loved ones like parents, siblings etc. And i am from a culture where i love to pay black tax but sometimes, i thought if all of my siblings (they are not young enough to earn) started to earn money then we will together buy anything even 1 or 2 bitcoins. Point is, some have options to avoid paying black tax while some have no other option but to pay it not to mention the Government tax too.
I do understand the risks involved in trading and that's why i also understand why a stable job or alternative way of earning is necessary if you are not doing any one before along with trading. Means, i had this mindset that only those people should convert their interests toward trading who have some good or at least any source of income. Otherwise, it could become a game of emotion and Trading is not an emotional game. So, better to be prepared with some money or with alternative job.

I am glad for you that you adopted BTC at an early age and still adopting (accumulating) it in small portions by time to time. You talked about circumstances and i just replied about life being called as Exam where every person has to face their own circumstances and struggles to succeed. And i can see the adoption of BTC is increasing day by day and it will increase more.  Adoption increased because government's huge tax and interest rates have left people no choice other than to find an alternative just like you were saying to Syed i read all the replies so i do understand now that if we invest in some residence then we have to pay tax every time but if we have invested in BTC then we only have to pay tax while converting them. 

Government now left no choice to people and people are looking for a lot of side hustles. Many are changing their lives with trading and became financially independent.

I agreed with your point being made here. And yeah, people who are not into technology does not know about digital currency still doubt the new era of finance. I remember there was a time when my elders used to say how this smartphone could receive money (i am talking about banking apps) they said if you wanted to send me money then hand it in my hands. I want to see it. I do not believe if there is any money in my account how money could be fit into smartphones. Yeah, People here in my country are backward people they are always late to adopt the new technology but it's not their fault it's the fault of governments because they do not want them to become productive because such things like AI (means when one gets some easiness in the work which was happening with lots of efforts with lots of time now can be done easily) are still questioned.

But the companies and authorities have to adopt the new technology because they are in the race. We all know that they want to be ahead of each other. I hope life become a little easy for people and they get to know about new technology like the Oduho said in later conversation that he quickly adopted BTC when he/she came to know about it because it was the only system available for him to send money abroad. But to be honest in our country we do not have the facility of PayPal, and other banking sectors are also fucke***

Yeah i was talking about destiny.

No i am not talking about BTC to be shut down instead i said Silk Road has been shut down due to bad use cases. And to prove that BTC cannot be shutted down we do not need silk road as an example we can see the SEC chairman Gary Gensler (the Saviour of criminal world hehe) said in his many meetings that BTC is not a security they are not even thinking to touch BTC and another proof is BTC's market cap many times surpassed many big companies before which really shows the potential it has to stay forever in the market.

Yeah, i also think the same that if BTC failed to cross $100k target in the next bull run but at least on the way to that target it will at least achieve $70k because one thing i noticed is after every halving in every bull run BTC sets new All-time high price. Like in the following graph we can see that after every halving it really make new ATH.

Which means, it's really never too late to enter into BTC market now at the current price of $29k-$30k. But as previously mentioned members has already stated and you also tried to shed light on the difficulty level of holding BTC for that long period. Which obviously is the main thing i mean if holding would be easy then everyone would rich by now.

My definition of this world is, we all are giving exams and each person have different questions (problems or hurdles) to solve (to overcome) so everyone makes their own decisions based on their knowledge and write the paper's questions accordingly. Means, one preferred to sell there BTC for 0.06$ (like the one in the picture of tweet) while at the same time another person was begging peoples to buy BTC of only $1.

hehe yeah, he is funny though as he is just regretting for $8 while he could earn billions. But one gets as much as he has in his fortune (idk either you believe in fortune or not but i have this belief). Well, what can one do to change fortune is to make pray (yeah i am religious too). I did not realize before how difficult it was to trust on BTC due to less adoption and bad uses as you mentioned Silk Road and according to my knowledge it's been shut down due to illegal buying and selling.

Exactly, most of the people still holding back to enter into market just because they are afraid that BTC will lose its value like less than $25k or $20k. But overall, i think if one has long term plans to hold the BTC then they should not worry about these small dumps because in the long run BTC is going to touch $100k easily even i read a news where Fundstrat stated that BTC might touch $180k easily if all the ETFs got accepted but just some time ago.

I also heard the news that all ETFs proposal are delayed further not just one all of them which made me think that if they are being delayed all to gather then i think they could be approved altogether too. Which is a good sign though despite of the fake BTC supply in the market. Because it will still increase BTC price.

hmmm i do not know you, and do not know either are you friend with JJG or not, but tbh, i was not expecting this reply even though the JJG has warned me. (Wait a sec, i think you are trying to make me leave this forum because JJG said before). Here in this post he warned me. So, i am not falling for your shit.

But still, it's a nice try I give you credit. and just to clarify, i did not asked him to give me merits i never asked anyone and you know that, because if i should have asked JJG then he would not give me. You know that because you know JJG. I know that because i know JJG due to some useful discussions at other thread. I replied to him 9 times because he replied or i should say cared or thought about my reply or i should say he gave his time like he wrote huge replies just for me. And i cannot believe that because first he spent time on my confusions and then he is clarifying things like i am a blank slate. And i really appreciate JJG efforts.

You are most welcome to put me on Ignore list. I respect your decisions and comments too. (As this was also in the advice of JJG)

Hmmm   I got it JJG thanks again for the heads up, I will try to fit into these psyOPs and i think in my time here i will came to know about them so no need to mention the names. And life always fucks one and i am already fucked so many times that's why now it's not more pain for me.  

hehe, that's what i said before in the last comment. but bitcoinpsyco, JJG has already gave me heads up on other thread that trolling is common here plus i do not have to read previous posts of this thread or someone else's posts. All i have to do is keep an eye on the current discussion and i will came to know about previous discussion on my own with time.

You are right, i cannot agree more with you. Other than just alerting those people we cannot do anything plus why not filling our own bags in the journey. I am up for this.  

BTC gave opportunities to a lot of people in progressing countries it's like the talks of Andrew Tate used to said on social media that Matrix do not want people to be financially independent and BTC is providing that opportunity to everyone. I came to understand this at current point because even if i have $500 dollars in my hand and wanted to invest it in some assets.

The only assets that have good outcomes so far are BTC plus i cannot start any business with this money but i could make 2x to 3x with this money which obviously not enough to make me financially free but at least an opportunity is opportunity and in my life i have learnt one thing that we should not miss opportunities ever. Because a doorway toward success looks hard at first but when you start to walk on that road new shortcuts opened up on the ways.

I do not know if you guys know about Ludo Star but there, we have ladder (shortcuts roads) which take us many step ahead but also snakes too. But of course, in the world of BTC both exists (ladder to take up and snakes to take down).

Yes, In the long run BTC is here to stay and these are my thoughts about BTC but on the way i am also learning BTC also make people poor but only those become poor who enter without some aim and knowledge because at least a person with determined purpose of getting profits or saving money for longer period of time against inflation cannot ever become poor. The meme is just for fun here and i have some more in my phone here is another one to explain the situation: (i know its not meme)

This post enough for me to understand the potential BTC had but i did not had the opportunity to get that much BTC because i just entered market few months ago. But the person in the tweet made some next level mistake and i also watched another video which was uploaded on YT back in time where the representative of the video was begging people to buy BTC at least of $1 only.

But that will take eternity because jjg (if you are referring to jayjuangee btw good nickname) makes long posts even the replies of him to me are so long that sometimes i only read half of them at a time and then after some time i try to read the remaining one. That's too difficult to read all of his post history.

But i can follow your second advice of not posting tweets or quotes here but still wanted to know what the definition is of extremely important because i thought this information might be important, but you guys are in the market for longer period of time so i think you must have already known about this news. So, i assume from this that i should only post that posts that are new and also important! Looking forward to hearing from you.

Hmm, it means they will try to manipulate the market, but should we care as Who is John Galt? said we cannot do anything about it because buying and selling of BTC is open for everyone and the text i bolded took me some time to understand but what i understand for this is, if a person let's say Dictator69 wants to sell BTC on exchange and some company like BlackRock contacts the Dictator69 to make OTC deal, in this deal both parties will have huge profits.

But how can they contact me, like if a seller selling big amount of BTC then how a company like BlackRock come to get the contact details of that seller on that exchange. Because we just sign up on exchanges like we also do KYC but how could they get our details. I am still new to the field and i did not knew about this OTC deals.

I am talking about making a collude or some group in which they come to gather to manipulate the market. But, in my opinion that's not possible because BTC is decentralized so i think i should agree with you and my doubts as well.

Yes, we should prefer to buy BTC and be boss of our own funds no just hand our money into the hands of BlackRock or any other company applying for ETFs. But at the other end a lot of people saying including me thinks that when these ETFs will get approved BTC will get hype.

Hi Guys! i hope you all are doing well i am not new on this forum but new to this thread and i heard a lot about this thread from Jayjuan gee we have many talks on another thread. I came to learn a lot about this forum from JayJuanGee. I hope i will learn a lot here too. That's all for my introduction. Thanks.

My question is after reading this thread i began to think that how Block Rock only have the potential to affect the BTC price because the OP who made that thread, first mentioned the wrongdoings of Blackrock like to create some suspense or horror in the minds then he mentioned that BlackRock has the potential to manipulate the BTC price. Because so far from what i have learnt that's not possible for single entity until a huge group of validators or miner did not make and huge whales do no decide to dump the market. Or maybe i am at wrong but hey let's hear from the experts here. Yeah, i know members here are mostly legendary and they have great experience. That's what i have been told.

The thread i am talking about. Well, i now i should reply there but what i could reply there if i cannot understand the exact meaning of the statments. Should the Bitcoin community be concerned about BlackRock? Then i came to remember what jayjuangee said, he said i can ask anything here.

That's because newbies or even the one having some knolwedge of crypto sphere like what is halving and how it will make the future of BTC a good one. But still they do not try to enter market. I think they just doubt the theory of Halving and that it will increase the BTC price. but still, i think the best practise for them or for us is to at least invest some of our money that we do not afraid to lose because if we have a money that we do not afraid to lose and still keeping that money in fiat or local currency and decided to speculate the market only for taking the idea like wheater the market will go up after halving or not. Because they mostly think that if the price go up then they will take entry which is the 2nd big mistake first one is not taking small entries now.

I am not saying that anyone should take entry right now after reading my reply all i am saying if someone have some free money although there is not a single country whose citizens will have free money because money do have value all i am saying is use only that money that could not affect your life if you ever lost it.

I get it dear, and i will try to work on it.
That's quite a story, i didn't realize people love that thread that much and i also didn't realize that we could ask moderators for such changes well that's a good thing then. I still not started to post there instead i am just observing it but once i get to understand some things i will be active there.

I wanted to share some news that the number of 1 BTC holders are keep increasing like back in 7 August when the price of BTC was around 28,800$ the number of 1 BTC holders increased by 25 numbers. Now the total 1 BTC holders are 1,013,414. In my opinion the number are still small but the taking the price of the BTC in to account it seems ok. What do you guyz think. And, i think its a good thing that these numbers are increasing because that show the commitment of new or old holders towards BTC and it is growing.

https://twitter.com/glassnodealerts/status/1688826207645659136/photo/1

Ok OK now things make some sense to me, you guys there know each other i means only those who are old poster and must have tagged each other too. Just like you said. I am really shocked to hear that members will also test you like to make me made, or emotional. I still don't get what it will bring on the table other than breaking all the extra confident that a newbie might be trying to show there like you said, be humble, never try to teach those who are already professors and try to learn things by sharing info and accepting mistakes.

i Totally get your point, in my opinions these things or points that your shared with me must be write in the first page of the thread which is shared by OP so that everyone could understand what exactly is going on there and how newbie could settle there. Well Thanks for the heads up.
If you are being helpful and then sometimes mean too then i think its a not a bad deal. I am ok with it. And if you are saying our discussions are off topic then thanks for that too i will try to post some useful content here like related to dip and hodl. Actually someone (you) giving some importance to my confusions too so i started to think i would get some good knowledge about this platform here as you are also old users of this platform. So thanks a lot for that.
No need to thanks dear, you already helped me a lot to settle and understand some things here. So i owe you.

The Wo Cult hehe seems to be a interesting thread, i can tell for sure from your excitement about this thread, I will also try to participate in discussion there. But i tried to read some few did'nt made sense to me so i think i have to read 2 or 3 previous pages to understand what actually you all are talking about. Thanks for another thread where i could make some friends 
Everybody has there own ways to find threads, what i do is simply go to my profile and click on the latest post i made here on this thread and started to read some posts from there. Or i just bookmark them like i just did to WO thread. That's how i do it and i am not that active in other threads yet maybe because here i am getting some attention. You seems to be a good and helping member here.

ooh i forget to thanks you again for mentioning these bpip tools and extension tools, With your help i am able to know about ninja's tool and this bpip tools and i also looked for thread which you mentioned me in the last reply of where fillippone made a thread of getting notifications on hand watch. here it is -- how to be notified on a smartband of merits and mentions This thread was also easy to read and i am excited to do it but first i have to buy watch for that the one i have can not do this work. But again thanks for such helpful materials, i think if i dig into this fillippone profile i might find other helping threads too.

The punishment is still bearable at least, but the life of this person must be disturbed. At least the life of the OP's lived ones. I hope newbies like me would not become a part of such scams. I just wrote a post where a person was judging newbie but i am laughing how a legendary members of this platform fell for amount. Means, the consequences were right in front of the Zhong but he still chose the wrong way. We can not judge people on the basis of their ranks here.

A newbie might have a golden heart (values the reputation of BTC) while a legendary might not have. That's uniqueness of this platform really make it interesting though.