Why BTC is under $8K?

[Adriano2010]

I think bitcoin is still under 8k$ because now are not so much people who buy big amounts of bitcoin, and even there are not so much money on market now. But i think we will bypass 8k$ this year and maybe bitcoin will reach over 10k$ until the end of year.

[1714980381]

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[1714980381]

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[Deripasca]

Market is red, prices falling down, bitcoin too, I don't think prices could rise seriously while such as situation are happening

[Question123]

The reason why the price of the bitcoin is under 8k dollars because  of there is a lot of panic seller and now price is 6k dollars. And we really don't know what happening next because they have possibility price decrease more but we hope the price up again so everyone will get benefits from bitcoin.

[crzy]

Market is red, prices falling down, bitcoin too, I don't think prices could rise seriously while such as situation are happening

Its hard to know the specific reason why the price is dump, and no one is accurate in giving their personal speculation. The market seems having a hard time to rise again, maybe next yeat will be the next pumping trend of cryptomarket.

[@Mhaiang]

That is bitcoin and that's how its market value goes. With its volatile nature of its market price, i already expected its price to go down below 8,000$ the moment it went below 10,000$ again sometimes in February.

[STT]

I heard some big holders has released their BTC in big amount, this is causing the supply increase while demand is still remain. As economic rule, increasing supply while demands is still less then the price should be decreased.

Im not sure anyone released a large amount of BTC especially, its about the circulation between buyers and sellers at an agreed price.    On a longer term basis of over a few years, I still consider this a very high price and I dont mind it going sideways as thats actually a positive for stability

I dont really agree with this idea of holding being why a price should be higher or vice versa the price falls when people dont hold.    Really to me the price is a result of usage and inadvertant holding by those people who use the coin regularly.   If the numbers of users are large enough that holding is distributed.  The whole focus of whales and all that I dont appreciate especially as its little bits in bitcoin that really drive its heart and soul imo not this larger money that came along

[okala]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

Bitcoin is under $8000 because of the movements it makes last year and investors are dumping it because of the price they purchase last three to four years.  Some investors are seeing the current bearish market as taking profits especially those that buy bitcoin when it was below $1000.

[jeniferqueen0409]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

Bitcoin is under $8000 because of the movements it makes last year and investors are dumping it because of the price they purchase last three to four years.  Some investors are seeing the current bearish market as taking profits especially those that buy bitcoin when it was below $1000.

What you say is possible, but it's pretty low. If many people have bought the last 3 to 4 years, they will wait for more because they are very patient (although they sell now they also get great benefits). They saw the opportunity at the end of 2017 but they did not sell, proving their great determination.

[Bonsaiav]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

Bitcoin is under $8000 because of the movements it makes last year and investors are dumping it because of the price they purchase last three to four years.  Some investors are seeing the current bearish market as taking profits especially those that buy bitcoin when it was below $1000.

Maybe you are right, and I think this is one of the causes. But not only that, the bitcoin futures contract carried out by two world-class exchanges, namely the CME and CBOE Futures Exchange also became one of the causes of falling prices.

Bitcon futures contracts, in fact have made bitcoin vulnerable to manipulation. The reason is that not a few investors who are involved in the auction have relatively low liquidity. And as a result, every investor has the potential to manipulate prices by how to sell or buy large amounts of bitcoin during the auction. In the end, has caused the price of bitcoin to fall and they abandoned futures contracts with big profits.

[rickadone]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

Bitcoin is under $8000 because of the movements it makes last year and investors are dumping it because of the price they purchase last three to four years.  Some investors are seeing the current bearish market as taking profits especially those that buy bitcoin when it was below $1000.

What you say is possible, but it's pretty low. If many people have bought the last 3 to 4 years, they will wait for more because they are very patient (although they sell now they also get great benefits). They saw the opportunity at the end of 2017 but they did not sell, proving their great determination.

Even if you do not have a specific year in mind in the future, one thing people should at least know is that the future is pretty bright and if they want to be a part of this space, patience is something they have to be willing to put in as a culture if they want to get the best experience in the long run.

The problem here is that people's mindset are so focused on getting rich in the short possible time, and they really do not tend to understand the value that btc brings to be able to come to terms with the fact that this space is still young, there is room for more growth in the future, and it will only take patience to be a part of it. That has been what a lot of people who have been a part of this space in the past, was able to deal with.

[BlackPanda]

Bitcoin prices will always be affected and that cannot be avoided because the price of Bitcoin changes following demand from the market. when more people need Bitcoin then the price will increase and when fewer people need Bitcoin the price will decrease. This is normal and for all conventional currencies in the world, this also happens. So increase the use of Bitcoin and we will be able to see Bitcoin prices increase !!

[coinfinger]

Market is red, prices falling down, bitcoin too, I don't think prices could rise seriously while such as situation are happening

Its hard to know the specific reason why the price is dump, and no one is accurate in giving their personal speculation. The market seems having a hard time to rise again, maybe next yeat will be the next pumping trend of cryptomarket.

Well, it is pretty obvious that the specific reason is that the market hit a level of correction after the market made a huge attempt to the moon throughout last year with a lot of people getting greedy and of course, it is a normal thing to expect that the market to go into a healthy correction to find the real value which is where we are at now.

In this case, people and most especially the whales have cashed out, some panicky weak hands have sold at loss, and probably, which we are not sure yet, the market has been able to find a bottom, but that is something we will wait for time and trend to actually decide.

[whiteblue]

This seems to be due to the influence of the prohibition on the use of bitcoin in several countries, which makes the condition of bitcoin prices fall and the price of bitcoin becomes very cheap as it is today. I hope the price of Bitcoin will be able to recover prices.

[sheenaedago]

Market is red, prices falling down, bitcoin too, I don't think prices could rise seriously while such as situation are happening

Its hard to know the specific reason why the price is dump, and no one is accurate in giving their personal speculation. The market seems having a hard time to rise again, maybe next yeat will be the next pumping trend of cryptomarket.

Well, it is pretty obvious that the specific reason is that the market hit a level of correction after the market made a huge attempt to the moon throughout last year with a lot of people getting greedy and of course, it is a normal thing to expect that the market to go into a healthy correction to find the real value which is where we are at now.

In this case, people and most especially the whales have cashed out, some panicky weak hands have sold at loss, and probably, which we are not sure yet, the market has been able to find a bottom, but that is something we will wait for time and trend to actually decide.

I agree with you mate, it take more time to create a good verification when it will hit the  satisfaction peak. And maybe by the end of this year bitcoin can hit the bottom and consistently grow immensely.

[ngesotcoy]

This seems to be due to the influence of the prohibition on the use of bitcoin in several countries, which makes the condition of bitcoin prices fall and the price of bitcoin becomes very cheap as it is today. I hope the price of Bitcoin will be able to recover prices.

The ban has been around for quite some time since the bitcoin fever of 2017. The bitcoin price should have rebounded if it had been affected by the ban, but it hasn't come yet, so this is probably not the case.

[Lazada]

This seems to be due to the influence of the prohibition on the use of bitcoin in several countries, which makes the condition of bitcoin prices fall and the price of bitcoin becomes very cheap as it is today. I hope the price of Bitcoin will be able to recover prices.

The ban has been around for quite some time since the bitcoin fever of 2017. The bitcoin price should have rebounded if it had been affected by the ban, but it hasn't come yet, so this is probably not the case.

Maybe we need a lot longer. Bitcoin is still adapting and as we know that some countries still have not made a decision. When Bitcoin is getting familiar, I am optimistic that the government will make a positive decision and they will make a rule about using bitcoin. That is important and someday the price of Bitcoin will reach a much higher record. We are patient enough and wait for all that to arrive.

Bitcoin is a future and a significant increase will occur in the future.

[JMD07]

I heard some big holders has released their BTC in big amount, this is causing the supply increase while demand is still remain. As economic rule, increasing supply while demands is still less then the price should be decreased.

This is the real scenario of this technology we need mass adoption to increase the demand of bitcoin and if that will happen price manipulation will minimize as those whales will lost the control of the market.

[putrii]

Bitcoin prices are stable below the price of $ 8k because maybe there is no good news that can trigger an increase in the price of bitcoin so that Bitcoin feels very difficult to be able to increase prices.

[project_delta]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!

[onrise]

Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.

The only answer is that the big whales want it this way! I have high hopes for next year though, price manipulation is the real thing!

It is quite possible that big payers are cashing out early and making profits. they would be buying in 6k range and when it reaches a certain level they would be cashing out rather than holding it for long term which previously it could have happen. Due to which price is not rising easily above 8k.