BTC is down

[naira]

This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

I think many people are afraid of losing if bitcoin prices go down, so they panic and hastily sell everything they have
Because their fears don't use analysis and evaluation, they sell without any consideration

[1714911995]

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[1714911995]

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[jellyhashman]

This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

Bitcoin is stil in use as a speculation tool. But it must be used as currency. And without that it will never be strong enought

[endlasuresh]

This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

I think many people are afraid of losing if bitcoin prices go down, so they panic and hastily sell everything they have
Because their fears don't use analysis and evaluation, they sell without any consideration

Yep, these people want to make money fast, but one need to patience and in no time it will tell right answers. Now see today the Bitcoin price as it is moving up.
Only newbies do what they wishes and even they panic to others by posting in forums or on internet news sites.

[eann014]

Bitcoin is still recovering its price so maybe don't expect too much this week or this Month but I am hoping that maybe Next Month would be a better Month for a bitcoin price, I am hoping that bitcoin will increase next Month and still recovering from what it used to.

[denny27]

This is gonna be ok, bitcoin prices of course often rise and decrease basically that fluctuates from time to time, i'm sure after this down there will certainly be an increasing back. Don't let this decline be made a panic to selling or hastily take decisions, many said that bitcoin prices will definitely rising in the next month and i believe this.

[cafucafucafu]

I think that there will be more corrections to follow but not all at th same time. It's not going to be a flash crash because there is going to be lots of support to go through. I believe we are still in a bubble right now, though definitely not as big a bubble as when the price was at $5k(since price has decreased close to 33% compared to now).

This dump is definitely generated from China + Jamie Dimon. Both of which have no real affect on the actual workings of bitcoin, but still causes a lot of panic so it seems. I'm really not sure why people think that centralized exchanges are vital to the bitcoin economy. Trading p2p is much more efficient and people in china are already starting to do it.

But anyways, i think we'll bottom out at around $2k this year before bouncing back up to around $2.5k next year and hopefully stabilizing there.

[Samarkand]

...I'm really not sure why people think that centralized exchanges are vital to the bitcoin economy. Trading p2p is much more efficient and people in china are already starting to do it.

...

Because a big part of the current user base of Bitcoin consists of traders. They need exchanges with an orderbook and preferably also
features like margin trading. OTC or P2P trading may be fine for the casual user, who needs to buy or sell BTC once in a while.
However, it is absolutely impractical for traders, who do multiple trades a day. Especially the guys, who are doing arbitrage or
use scalping-based trading strategies.

[CrownPolly]

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

really  bitcoin price was huge down within some day maybe it is happened due to china banned bitcoin for successful their business plan as buy low, sell high. but now bitcoin is increasing and as far i know, i think bitcoin will never go down below 2400$...

If large whales decide to transfer their assets to bitcoin, they will be able to manipulate the market so that we see the price of 2400, or maybe lower.
Now the price is recovering, but the recovery is gradual

[ToTheMoon$]

Exchanges in China wont be operating anymore. Last day is Sept 30 and  customers shuld be removing their bitcoins from exchangers  and probably there will be a panic selling.

[lenovo16]

Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news

really  bitcoin price was huge down within some day maybe it is happened due to china banned bitcoin for successful their business plan as buy low, sell high. but now bitcoin is increasing and as far i know, i think bitcoin will never go down below 2400$...

If large whales decide to transfer their assets to bitcoin, they will be able to manipulate the market so that we see the price of 2400, or maybe lower.
Now the price is recovering, but the recovery is gradual

Bitcoin value now is totally down that's why I sell half of my coins to ensure that I wasn't earn losses on my part. However the half of my bitcoin will remain into my wallet if in case to increase again the price of bitcoin in the market.

[Granxis]

This is a currency based on exchanges and investors psychology (like every currency ever exists).
Volatility is a fact that everybody should consider it in every analysis or evaluation.
Bitcoin is still in use so never get afraid man.

I think many people are afraid of losing if bitcoin prices go down, so they panic and hastily sell everything they have
Because their fears don't use analysis and evaluation, they sell without any consideration

Bitcoin owners have made more purchases, because Bitcoin in their hand has lost value and has been able to buy it again at a cheaper price and be in balance.