Strange Shape of the Bitcoin Graph

[Pragmatist]

If you've looked at share price graphs, you'll notice that they tend to rise gradually, interspersed with sudden large falls.

The Bitcoin price graph over the last month is the opposite of that.  It's a gradual decline, with the occasional sudden jump.

Any opinions on why that is?

[1714842347]

1714842347

[freightjoe]

If you've looked at share price graphs, you'll notice that they tend to rise gradually, interspersed with sudden large falls.

The Bitcoin price graph over the last month is the opposite of that.  It's a gradual decline, with the occasional sudden jump.

Any opinions on why that is?

Simple - large investors are slowly selling out. Be selling only gradually they price will slowly decline. Then sometimes a lot of Bitcoin fanatics - like the HODL'ers in this forum - think it is the bottom so they "buy the dip". This sends the price up for a short while.

Then the large investors continue to dump their coins. This will not end until Bitcoin gets down to close to zero and only the fanatics trade with each other for fun.

[Pragmatist]

I'm not sure I totally agree with that - to me the shape of the curve suggests that there the people buying are buying in much greater amounts than the people selling.

[levvv]

yes, the phenomenon of bitcoin price graph is still unpredictable.
bitcoin price now is still very unstable, like the other cryptos too.
if we make a graph about it, it will result a strange graph trend

[thesmallgod]

If you've looked at share price graphs, you'll notice that they tend to rise gradually, interspersed with sudden large falls.

The Bitcoin price graph over the last month is the opposite of that.  It's a gradual decline, with the occasional sudden jump.

Any opinions on why that is?

Simple - large investors are slowly selling out. Be selling only gradually they price will slowly decline. Then sometimes a lot of Bitcoin fanatics - like the HODL'ers in this forum - think it is the bottom so they "buy the dip". This sends the price up for a short while.

Then the large investors continue to dump their coins. This will not end until Bitcoin gets down to close to zero and only the fanatics trade with each other for fun.

i dont want to believe this because if this is true, it mean we may likely see bitcoin going below $1000 this year

[freightjoe]

If you've looked at share price graphs, you'll notice that they tend to rise gradually, interspersed with sudden large falls.

The Bitcoin price graph over the last month is the opposite of that.  It's a gradual decline, with the occasional sudden jump.

Any opinions on why that is?

Simple - large investors are slowly selling out. Be selling only gradually they price will slowly decline. Then sometimes a lot of Bitcoin fanatics - like the HODL'ers in this forum - think it is the bottom so they "buy the dip". This sends the price up for a short while.

Then the large investors continue to dump their coins. This will not end until Bitcoin gets down to close to zero and only the fanatics trade with each other for fun.

i dont want to believe this because if this is true, it mean we may likely see bitcoin going below $1000 this year

Well you may not want to believe it - but even if you close your eyes, you will still be hit by it.

[baikur]

I reported this whore freightjohn, I dont understand why he is not banned yet spreading all this fud in the forum. Large investors selling? Do you think seriously that the corporate clients of big companies that have 200-10000 bitcoins will sell now? What a fuckin idiot, someone ban him please.

[freightjoe]

I reported this whore freightjohn, I dont understand why he is not banned yet spreading all this fud in the forum. Large investors selling? Do you think seriously that the corporate clients of big companies that have 200-10000 bitcoins will sell now? What a fuckin idiot, someone ban him please.

The clever ones of those already sold when we were still about 10.000

The ones who will lose are idiots such as you who believe that shutting up information you do not like will magically save your toy-money.....