Bitcoin Declining.

[Lawrenzoo]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

[oleg681010]

The price will continue to decline, so you should exhale and be patient

[Stilicho]

Funny thing is that ALWAYS when are bombastic news presented like bitcoin 15 000 usd til end of week, goldman sachs analyst confirms the trend is bullish and we will see 13800 usd in few hours.. always it goes down.

[mk4]

Bitcoin's price literally more than doubled doubled just from around $5,000 in April up to around $12,000 in June. That's just in two months; and you're already complaining when bitcoin dropped like $1,500? Seriously. Do you expect bitcoin to go up forever? Holding bitcoin is not for you if such price swings scare you.

[kecha1]

The BTC price is still high, so I don't see any reason to panic

[Herbert2020]

there has been lots of FUD nonstop for the past month. practically ever since price reached $13k for the first time this year and stopped to have a small correction and get ready for $15k and then $20k we have been having a lot of FUD as it is the case with every corrections in bitcoin.
these small drops below the major support lines are always the last tries of the bears and the whales to get their hands on some cheaper bitcoin before the next rises begin.

[Duzter]

From April month starting the price started to rally and reached peak price close to $14000. The bullish market with some wild fluctuations continued for more than four months. Now once again the market has begun to decline, and this decline could reach the low value of $5000 if it doesn't get good support at some price. This is not because of the FUD and other negative news, the market is experiencing its common form of growth pattern.

[gentlemand]

Because stock markets are taking a poo?

Many of the same people are involved in them. If your main game starts to wobble then you're not going to stick around with your wild bet.

This 'uncorrelated' stuff doesn't ring true to me. It may ignore the occasional day here and there. It won't shake off a decline in everything.

[1Referee]

It's not a 'problem' as long as this is the low and we leave it at that, because that would mean we have another higher low.

Currently we have tested the 100EMA on the daily for the first time since we had the pump from $4000 to $5000. I think that's a very important moving average to focus on. If we do close below it, that would definitely spell a bearish trend continuation with much lower lows as result. From here it's going to be interesting to see if this was the breather the market needed, or just a temporary burden on the way down to lower lows.

[fabiorem]

A whale made a bet with CZ and is now shorting bitcoin so that he can win the bet. As simple as that.

[Questat]

Don't worry this is just an initial reaction in relation to stocks dropping, this is just temporary and eventually Bitcoin will be back to its uptrend movement. It has been noted in the past that bitcoin is independent with stocks, so there's nothing to worry if you trust the market, besides, bitcoin dump many times and we are still here and we the price now is higher than the starting price this year.

[ethereumhunter]

This price still a high price for me, at least, the price a stable in $10k although bitcoin price cannot stable at that price or down to the lower price. With $10k, I think we can find a way to make a profit especially if the price can go up and down many times, but if you think that the price still going to down, then you don't have to buy bitcoin for a while. You can watch the price moves while you can decide to buy it later when the price reaches the lowest price. There is no need to complain about the price down because the price will be increased again soon. It is just another correction for the price.

[Slow death]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

maybe the answer is because of this:

$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds

In an attempt to curb the impact of the sell-offs, she has recommended that Peckshield and blockchain analytics firm Chainalysis analyze the flows more closely, noting that PlusToken appears to be moving their funds in small batches of 50-100 BTC into exchanges.

Chinese traders have reportedly claimed that an unknown address has in recent days been dumping 100 BTC incessantly on crypto exchange Binance, which Wan suspects to be connected to the scheme. ”

The price has even dropped to $9900, this news may even be responsible for seeing a large price drop. But this is something that we will discover in the coming days or weeks

A whale made a bet with CZ and is now shorting bitcoin so that he can win the bet. As simple as that.

and where is the source of it?

[Febo]

Funny thing is that ALWAYS when are bombastic news presented like bitcoin 15 000 usd til end of week, goldman sachs analyst confirms the trend is bullish and we will see 13800 usd in few hours.. always it goes down.

Now that you can predict Bitcoins price, nothing can stop you from being filthy rich

[arbiter5]

A whale made a bet with CZ and is now shorting bitcoin so that he can win the bet. As simple as that.

[The Sceptical Chymist]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

No news that I've read, but dropping $2000 when bitcoin is above $10k isn't unexpected, and there's no reason to panic.  Hell, it was at $9k just a week or so ago, wasn't it?  What you're seeing are normal market movements, and my guess is that there are a lot of people taking their profits.  That's healthy.  Would you be happier if bitcoin shot up to $15k, $20k within a month?  I wouldn't, because at that rate there's no way the price would be able to sustain itself.

It's not a 'problem' as long as this is the low and we leave it at that, because that would mean we have another higher low.

It might be, it might not be the low--who knows.  Everyone should keep the current price in perspective, however.  It wasn't too long ago that bitcoin was trading 3X less than it is now.  Where it's at right now is pretty damn sweet in my eyes, even if it's dropped a lot in the past day.

[Lucius]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

It is possible that it is only natural dump, identical to what has been going on for weeks, but summer time is ideal for whales to catch small fish in large quantities. Be happy that we are close to $10k, anything above that is just a trap, real pump will have to wait a while longer.

On the other hand, if you want to blame someone for the recent fall, this is the best candidate :
 
https://www.binance.com/en/support/articles/360032315391

A whale made a bet with CZ and is now shorting bitcoin so that he can win the bet. As simple as that.

and where is the source of it?

Old news, you can read about this bet here : https://bitcointalk.org/index.php?topic=5175135.0

[samcrypto]

Why the fuck is bitcoin declining, any FUD new or any whales dump? Dropped now from $11k to $9k

We fucked up many times like this and yet we are still here and making a big progress every year. This is normal dude, i saw a lot of price movement like this and made money thru this trend. There might be a fund news around the world but hopefully we still on track going up. Buy bitcoin, its cheap or wait for the bottom.

[Reid]

It aint even a new thing that happens with BTC.
Time to get used to it even if you are just starting.
This will happen over and over again and if you are in panic then wrong decisions might be made.

Also, you are putting it already in 9k position while estimated it is still 10k price. Calm down. It will be worse if it goes 6k again.

[Wilhelm]

This thread is FUD

Bitcoin itself is slowly increasing in value. No stock is ever a straight line.
The decline is good because all short-term-trader n00bs will get burnt and leave.

When Bitcoin goes full-bull we will get a way better ATH this way