why Bitcoin sudden dump, when it will bounce again...

[1Referee]

The mainstream could continue paying with Paypal and credit cards since it's all the same anyway. This way, they won't even need to pre-convert any money to Libra.

If it works similarly to how for example the stablecoins we have here work, it's actually quite an improvement over the services offered by financial institutions such as PayPal.

Don't forget that PayPal is a safe haven for scammers with how their bias always leans towards the buyer. I'm certain Libra in working condition would greatly exceed the workings of PayPal & Co. PayPal is shit all the way through. It costs me like $4 to send a sub $50 sum of money to someone in another country. Libra will demolish this house of cards. I welcome it.

Also, Libra is an amazing tool if it's paired against Bitcoin because that means a new stream of liquidity finding its way to Bitcoin.

[Japinat]

Is bitcoin bounce again?

Obviously yes, bitcoin always bounce back even it's dump many times, you should do your research so you will not panic.
There are a lot of reason why bitcoin is some, some are cashing out and maybe the statement of Trump really hurt Bitcoin, but like I said it will bounce back.

Now, the question is, how can you benefit on the situation?
The simple answer is you buy because it dip, and enjoy your profit in a short term as it will surely bounce soon, guess it started already. 

[Herbert2020]

The mainstream could continue paying with Paypal and credit cards since it's all the same anyway. This way, they won't even need to pre-convert any money to Libra.

If it works similarly to how for example the stablecoins we have here work, it's actually quite an improvement over the services offered by financial institutions such as PayPal.

Don't forget that PayPal is a safe haven for scammers with how their bias always leans towards the buyer. I'm certain Libra in working condition would greatly exceed the workings of PayPal & Co. PayPal is shit all the way through. It costs me like $4 to send a sub $50 sum of money to someone in another country. Libra will demolish this house of cards. I welcome it.

Also, Libra is an amazing tool if it's paired against Bitcoin because that means a new stream of liquidity finding its way to Bitcoin.

i seriously doubt that there would be any difference between Libra and PayPal. in my view they are exactly the same thing and people (the end users) don't care or even notice what the underlying technology is, whether it is a simple database (aka PayPal) or a blockchain (aka Libra) in the end they will be having an account linked to their identity on a website controlled by a company that acts as their "online bank".
and i don't think they are going to put any kind of links between their coin and bitcoin, their website, their paper,... don't even mention bitcoin. not to mention that it will be centralized.

[JimboToronto]

Libra is what people want, not Bitcoin.

Lawl.

Which people? Kwukkie and Zukkie?

Governments all around the world are leery of Libra and they can actually do something about it.

They can't do squat about Bitcoin and they know it.

No contest. Try again.

[Kemarit]

Bitcoin facing another bear market suddenly...what would be the bottom price of btc, Is there is any technical analysis to find?

I think someone has provided a good TA explanation and want could be the potential support and resistance level. But a dip doesn't mean that we are in a bear market, just to let you know.

Why sudden dump happens to bitcoin. Due to this btc dump is there is any possibilities to see hyip in Alt coins.

Obviously, you are a beginner and it seems to haven't seen the roller coaster ride specially from the last bull run in 2017 up to this time. There are a lot of factors like FUD news around, the negative effect of President Trump's tweet, Japanese  exchange reported hacked and then US law makers stance on Libra.

Is bitcoin bounce again?

Of course just like any market out there, a bounce is imminent in crypto. But it will take time so let the market flow on it's natural course.

[izanagi narukami]

When it on downtrend, it's your time to start invest.
And try to hold it afterward, usually more than a month as I have prove it.
I'm seldom stress on crypto investment because I think for a longterm so I hold it as long as possible

Are you ?

[yazher]

What your seeing right now is just some normal movement of the price of Bitcoins, we are seeing like this because some investors are cannot hold their horses anymore that they have enough of waiting. they sell their coins at the price they think it is high enough to earn from their investment.

And when the price will go down there will be some investors that will buy again and there will be a lot of them so you will see the price will bounce back again at any moment after it's gone down.

then it will go like that again and again unless there will be a big whale dumping then you gonna see a hard to recover situation like we witness last year's drought.

[1Referee]

i seriously doubt that there would be any difference between Libra and PayPal. in my view they are exactly the same thing and people (the end users) don't care or even notice what the underlying technology is, whether it is a simple database (aka PayPal) or a blockchain (aka Libra) in the end they will be having an account linked to their identity on a website controlled by a company that acts as their "online bank".
and i don't think they are going to put any kind of links between their coin and bitcoin, their website, their paper,... don't even mention bitcoin. not to mention that it will be centralized.

Libra is similar to what XRP is today, but then even more centralized. You will have your private keys, and you will be able to store your funds offline. PayPal does not offer you that in any shape or form. That's where Libra and financial institutions such as PayPal differ on a fundamental level.

As far as being linked to Bitcoin goes, that will happen through crypto exchanges where they already offer support for USDC, USDT, PAX, etc. Libra will be the next one to enter the list of stablecoins. It will help prop up Bitcoin's price and make sure capital stays within the system just like how capital in the aforementioned stablecoins stays within the system.

[cryptokwuk]

Governments all around the world are leery of Libra and they can actually do something about it.

They can't do squat about Bitcoin and they know it.

No contest. Try again.

Right now maybe they can stop it, but i doubt it, Libra association will push this no matter what, too much money at stake.

And once the project is open sourced and decentralized governments and regulators can't do jack against it, just like Bitcoin, exactly like it, except with a significant user base.

[STT]

you can't "fully decentralize" a network where the token is centrally backed with custodied assets. libra is backed by a basket of assets like fiat currencies. what happens if those assets collapse in value? what happens if powerful governments like the USA shut them down or freeze their bank accounts?

not to mention that KYC is required from the get-go for every user. full AML controls. your account can be frozen or transactions reversed because there's only a few dozen validators on a permissioned network. how else do you expect them to comply with the USA nanny state laws? fully decentralized my ass!

I'd give the man a merit if I had any left, Libra is not going to be anywhere close to a proper crypto currency.  It'll be of some interest from its basket of currencies and diverse population, it could even have an effect on wider finance.   I dont think its going to be that important to crypto exactly, maybe in perceptions.

We seem to be a long way from talking about BTC finding a bottom price, Libra is not the reason for BTC price direction.   Surely its not just jumping off headlines.

Is there is any technical analysis to find?

yea BTC has turned around just here.   The most important factor I can see easily is the 50 day moving average, thats around 10,000.   We keep that and its a positive development vs recent falls.
I'll name some levels to measure its progress in this recovery by



So the blue line is just 2 day average but the yellow line is the 8 day and I count that as far more indicative of a positive phase to BTC pricing medium term.   If we recover $10,800 and confirm above that on a 4hr bar BTC has done well.
On the left of the chart, 11,000 is the previous top and old daily trend now at 11,200 and that would again be another important rung on the ladder to say BTC is stable and likely to keep rising again medium term.

[The Sceptical Chymist]

LOL.  I had to check the price of bitcoin right now, and it looks like it just popped above $10k again. 

There's no way anyone can call a "bottom" right now, because bitcoin looks like it's on its way up, and there's no telling where it'll stop this time.  Judging from the number of threads I've seen in Currency Exchange looking to buy bitcoin (including mine), people looked at the dip as an opportunity to buy in again--and I think that was a smart move.

There's some momentum here, and I don't think it's going to instantly go away.  This isn't to say we're not going to get dips and corrections, because we are, but the overall trend is positive (and I'm no technical analyst by any means).  The real question is where the top is going to be, but there's no way of determining that either.

[Slow death]

Why sudden dump happens to bitcoin.

Because of twitter of the president of the USA and pressure from governments and politicians, particularly from the US congress, I believe people have been afraid that US governments will decide to ban bitcoin, something that seems to be unlikely because regulators and politicians are well aware of separating Libra from bitcoin

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

Due to this btc dump is there is any possibilities to see hyip in Alt coins.

I believe it is still very risky to invest in altcoins. as I said in a past post, buy altcoins if you want to do short term trading, but always use the Stop-Loss

Is bitcoin bounce again?

he is back at $10500

[Wilhelm]

Libra is a shitcoin that will give Facebook even more insight into your private lives and spending habbits.

Facebook is like a slave boat to the new world.

[exstasie]

Libra is a shitcoin that will give Facebook even more insight into your private lives and spending habbits.

Facebook is like a slave boat to the new world.

I guess that's the price for free P2P transactions on a massive network like Facebook. As we've seen with their social network product, people are probably willing to pay that price. Especially people who are paying obscene fees to remit money across borders.

[figmentofmyass]

Libra is what people want, not Bitcoin.

Lawl.

Which people? Kwukkie and Zukkie?

Governments all around the world are leery of Libra and they can actually do something about it.

They can't do squat about Bitcoin and they know it.

No contest. Try again.

they can use libra as an excuse to apply onerous regulations to bitcoin---clamping down on exchanges and p2p trading, for example. that would certainly be an unfortunate byproduct. and it seems to be what's happening. it's almost like a conspiracy to exploit the public's current animus towards facebook to shove harsh regulations down our throat.

[Wilhelm]

Libra is what people want, not Bitcoin.

Lawl.

Which people? Kwukkie and Zukkie?

Governments all around the world are leery of Libra and they can actually do something about it.

They can't do squat about Bitcoin and they know it.

No contest. Try again.

they can use libra as an excuse to apply onerous regulations to bitcoin---clamping down on exchanges and p2p trading, for example. that would certainly be an unfortunate byproduct. and it seems to be what's happening. it's almost like a conspiracy to exploit the public's current animus towards facebook to shove harsh regulations down our throat.

So Facebook is about to ruin crypto 

[exstasie]

So Facebook is about to ruin crypto  

Sort of. It seems like a perfect storm.....Libra, the massive hype around Bitcoin/crypto, the FATF travel rule. Each bubble always triggers new Congressional hearings, talk of new crypto regulations, etc. The FATF was talking about clamping down on exchanges many months (or even years) ago, long before rumors about Libra even emerged.

Now, between the recent hype around Bitcoin/crypto and Facebook's billion-strong network, there conveniently exists an "urgent need" to pass the FATF's rules.

[harizen]

Bitcoin facing another bear market suddenly...what would be the bottom price of btc, Is there is any technical analysis to find?

Bear market? No. People just used to see BTC nowadays going up.

What would be the bottom? Who knows? As far as most TA's are a concern, we already have established support at $9,000+. If that will be breached next support will be $7,500 to $,8000. Then etc.

But you know don't think of it too much. We need this price dip to make rooms for another buy and to strengthen the foundation around given support established at a lower level. It's way more interesting to see first if the price bottom for a long period will be at above $10,000 and much higher. So if ever a big and hard pump will happen again, we can expect that we will end up at 5 digits as a bottom.

You should take advantage of this too.

[fullhdpixel]

Nobody really knows the exact time when it can actually go up again, however the reality is we can at least hope for bitcoin going up in the near future not so far from now.

If the price goes back up and reaches to 15k in the next month than we can assume it will even go higher than that and reach 20k+ soon, however if it doesn't do that than the sad reality is we are in a stagnant market again not moving too much, we do have a volatility here in 10k-13k range and so forth but as long as it doesn't go any lower or any higher than it doesn't really worth anything to any of us. Of course it could also do sudden moves and prove us wrong but until that happens it would mean price is stuck once again. I don't like it when its stuck because the range gets closer and closer than does something super sudden that I am not prepared for.

[actmyname]

Bear market? No. People just used to see BTC nowadays going up.

People use terminology as they see fit.
Consecutive green: "bull market! moon! hodl!"
Consecutive red: "bear market! crash! gtfo!"

But you know don't think of it too much. We need this price dip to make rooms for another buy and to strengthen the foundation around given support established at a lower level.

Get it out of the way so we can finally see the fireworks.