Why is Bitcoin dumping right now?

[KTChampions]

I remember the events before the 2017 bulls took place at the end of the year,
before that the Bitcoin price experienced pump and dump, just like now,
I thought whether this dump was manipulated or indeed a healthy correction, it is a real mystery,
I myself still hold Bitcoin if still above $ 14k.

Are you afraid that your position will be closed by a small correction (movement below 14k) before going further up? I would be offended if this happened to me. Or did you envisage a gradual exit and a gradual entry into bitcoin with a certain price change?

[imstillthebest]

Is it because the Trump people have given up?

Is it because the Biden people are relaxing after what they think is a win?

I had hoped Bitcoin would actually make it to $20,000 this time!

Bitcoin's price is not dumping; it is just average for bitcoin's price to drop slightly because if bitcoin does dump its price, we probably are not in the range of $15,000+ price. Also, the US presidential election between Trump and Biden cannot affect the bitcoin market because both of them are not "fan of bitcoin" and will only ignore the existence of bitcoin and other cryptocurrencies.

we are still in a pump right now . i can call it dump if price goes back on 10k dollars and for the question if btc latest movements are related to the election you guys can check this thread https://bitcointalk.org/index.php?topic=5287080.0  . i didnt read the whole pages of that but   most replies says that theres no connection between them . you can be right that they arent a fan of crypto but they cant just ignore it because crypto is still a currency and currencies are important  . if trump have talks related to bitcoin , biden can .

[mahilchii]

Don't consider small dumps this happens only if there are fluctuations also this may happen if there are some corrections, sometimes even the big whales play to dump to buy BTC in cheap prices this is how it happens in market and it's very common.

[dunfida]

No matter why, it is already going up again.

I suppose this was nothing but a little correction. Not going a little sideways would be more worrying for me than spiking like in late 2017 and then coming back to a bear market for three years 

I hope this is just a bear trap and we keep on going up, but without any hurry.

We are hitting almost 16k as of now which people who do say that it is dumping then its just been part of having those corrections which is normal.
The important here is that its price is trying to rise up again now.We cant even sure if it would head to 17k after it breaks 16k level and thats an important
thing.Dont mind on the dumps as long you do able to sell up on the right price and then buyback when its corrects.People do should mind on how to
make use of those movements to make money.

[CyberKuro]

I thought it would take longer to break $16K, but it seems to happen in a few hours, so bitcoin sideway pattern is over today.
if bitcoin could close the day above $15,800 then more likely to reach $17K in the next few days because most of the technical indicators are in the buy position.
Look at a bigger time frame, bitcoin underlying hyperbola shows it could reach $20K by the end of the year, the bull run still on the track.

[Sterbens]

The reason is unknown but we all know that in every situation where we can see a sudden pump, we should expect a dump after that. It is possible that the price is being manipulated or most have already been selling their holdings that's why it highly affects the current price of bitcoin.

I think I agree, with the election a while back it looks like there was massive bitcoin dumping. perhaps the owner diverted funds to contribute to the campaign in America. As a result, there came a big pump like a sea wave which initially receded but suddenly a big wave crashed into the crypto market.

[dragonvslinux]

You know price is a strong uptrend when a 1 day correction of -5% is considered a dump. That said, when a correction does come, I imagine it'll be a bit deeper than 5% and last longer than a day too. Looking forward to the next tasty dip, either that or brace myself for higher levels I guess.

[Sterbens]

I don't accept the Bitcoin dump on cryptomarket. Because we saw the gradually pump on recent days, But how all are accept the 20k USD on short term. It is decentralized platform so many holder are actively buy and sell in BTC so it will move on sinusoidal way. I hope end of the year, we see the unbelievable hype on Bitcoin and altcoin so buy more BTC is the only way to stop the Bitcoin dumping.

the fact is that at the end of this year it will become a tremendous hype, for bitcoin or altcoin. basically there will be correction beforehand. although I am not sure about altcoins, there is always good hope despite the bullish price of bitcoin. so I have big hopes for both bitcoin and altcoin, so that they will have their respective hypes at the end of the year and also in the following years.

[marcous]

Is it because the Trump people have given up?

Is it because the Biden people are relaxing after what they think is a win?

I had hoped Bitcoin would actually make it to $20,000 this time!

Bitcoin lately isn't a dump, it's just a correction.  A healthy correction is needed to create new support before it will breakout.  Not because of the election either I guess, BTC does have high volatility considering the price has gone up massively. We almost there, wait and see

[Botnake]

Is it because the Trump people have given up?

Is it because the Biden people are relaxing after what they think is a win?

I had hoped Bitcoin would actually make it to $20,000 this time!

Bitcoin lately isn't a dump, it's just a correction.  A healthy correction is needed to create new support before it will breakout.  Not because of the election either I guess, BTC does have high volatility considering the price has gone up massively. We almost there, wait and see

It really is a healthy correction because bitcoin hit $18000 after a little dump.

I don't know if this is brought by politics but whatever the reasons, we have to be thankful that finally we've seen a real bull run for bitcoin.
What could be next that we have already hit $18000, is it due for a new ATH this year?  your thoughts.

[worldofcoins]

Bitcoin doesn't need any political race for a change, rather it relies upon the interest in the demand. If we have fewer bitcoins clients the cost of bitcoin will decrease and vice versa.
Even the president bans the crypto exchange it will still survive because nothing can control it. Bitcoin went 10,000 to 14,000 in a month without any election events.
Dumping and pumping is a nature of cryptocurrency and no one has the ability to control it

[Janation]

I am expecting this fall, to be honest.

The price is quickly increasing in the past week and I thought it would stop at $30K but it didn't. This fall is not actually because of the political changes that are happening but because of the fact that the price is having a correction right now. After some time, I think the price will just go back and might break the price mark at $50K.

[Botnake]

I am expecting this fall, to be honest.

The price is quickly increasing in the past week and I thought it would stop at $30K but it didn't. This fall is not actually because of the political changes that are happening but because of the fact that the price is having a correction right now. After some time, I think the price will just go back and might break the price mark at $50K.

Price back at $31k now but I think it's not over yet, a big fall might happen as the bull run is already over. Just like in the past, we've seen a bull run and the correction comes next, we have anticipated it already, we don't need to ride with the bullish mind as they only want to have a 2nd wave of FOMO.

Do we worry seeing it? No, of course. Bitcoin will still recover, buying it at this cheap price is good and it will give us a great opportunity to accumulate.

Hopefully the new investors will learn, this is just how the market works, it's not unusual.

[elisabetheva]

Bitcoin doesn't need any political race for a change, rather it relies upon the interest in the demand. If we have fewer bitcoins clients the cost of bitcoin will decrease and vice versa.
Even the president bans the crypto exchange it will still survive because nothing can control it. Bitcoin went 10,000 to 14,000 in a month without any election events.
Dumping and pumping is a nature of cryptocurrency and no one has the ability to control it

yes, bitcoin always moves on its own and no one will control it apart from the market trading that does happen.
even though there is a prohibition from the government not to do bitcoin, it is still that bitcoin can be worked on and executed, it might be an obstacle if the government doesn't allow it, but we still run it even though we can, there will be sanctions because it is a violation of legal provisions.

so because of this the government will usually provide a way to continue to be able to run but not to be used as a legal means of exchange, like in my country that bitcoin is not recognized as a legal medium of exchange but does not prohibit trading and the like, because the government knows it will be difficult to prohibit thorough.

[2double0]

Price back at $31k now but I think it's not over yet, a big fall might happen as the bull run is already over. Just like in the past, we've seen a bull run and the correction comes next, we have anticipated it already, we don't need to ride with the bullish mind as they only want to have a 2nd wave of FOMO.

You are underestimating btc this time. I agree with you on btc's possible dump though that it may see soon after this 2nd wave of FOMO ends up in a big red candle but this time, it is not about retail buyers but the institutions who buy btc in wholesale. I don't think we will see quite a big fall quick but it will drop slowly.

[Hippocrypto]

Price back at $31k now but I think it's not over yet, a big fall might happen as the bull run is already over. Just like in the past, we've seen a bull run and the correction comes next, we have anticipated it already, we don't need to ride with the bullish mind as they only want to have a 2nd wave of FOMO.

You are underestimating btc this time. I agree with you on btc's possible dump though that it may see soon after this 2nd wave of FOMO ends up in a big red candle but this time, it is not about retail buyers but the institutions who buy btc in wholesale. I don't think we will see quite a big fall quick but it will drop slowly.

The drops is at normal rhythm right now, and nothing to worry because Bitcoin price remains high while everyone was selling out their asset. What I see after that 2nd wave of FOMO, is another price surge coming as market stabilized for several days with little declines. Market showed a good momentum, so keep an eye on your blockfolio and don't miss every single opportunity when green signals will come.

[carlfebz2]

Price back at $31k now but I think it's not over yet, a big fall might happen as the bull run is already over. Just like in the past, we've seen a bull run and the correction comes next, we have anticipated it already, we don't need to ride with the bullish mind as they only want to have a 2nd wave of FOMO.

You are underestimating btc this time. I agree with you on btc's possible dump though that it may see soon after this 2nd wave of FOMO ends up in a big red candle but this time, it is not about retail buyers but the institutions who buy btc in wholesale. I don't think we will see quite a big fall quick but it will drop slowly.

The drops is at normal rhythm right now, and nothing to worry because Bitcoin price remains high while everyone was selling out their asset. What I see after that 2nd wave of FOMO, is another price surge coming as market stabilized for several days with little declines. Market showed a good momentum, so keep an eye on your blockfolio and don't miss every single opportunity when green signals will come.

We are really waiting up for that long green candle for us to sell out for profits but for those who do go for long term then this wont really matter but for shorters or active ones then this
is one of the most common target.

The price is somewhat steadying up between 31-32k and playing with these levels or numbers.Shorting or scalping is somewhat hard with this very minimal movements.

I agree that this might be some preparation for an another good bullish run but im not really that expecting that much because price can go to opposite die anytime.
So i wont really be that expecting  much and had already set out my SL's.

[Wulan_maniez]

Without the election, bitcoin has climbed to $41k, although it is now in decline and the lowest price does not touch below $30k. And people's
expectations of reaching $20k by the time OP makes this thread, it's already very far exceeded. Now we're going to get ready for a new ATH
once bitcoin is sideways. Who knows?