Falling of crypto prices

[dessyhodin97]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

[odolvlobo]

There is no reason to believe that the two events are related. People like to speculate about all kinds of things.

[gantez]

I don't think that whatever transfer is responsible for the downward we are currently seeing. I still think is a retracement that has been going on since two weeks now. Some hodlers might be dumping out of fear of not loosing their capital but to hodl and buy in will be fine.

[ethereumhunter]

Calm down for a while and don't trust any news if you don't do your research. I don't think that will relate to each other. Although it is related, we cannot prove it. What I see now is the price down deeper than we can expect, but I am sure the price can increase higher soon. You don't have to worry if the price now is down because you can buy another bitcoin and hold it until the price can increase later.

[Darker45]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

We are creating too much links to everything that sounds possible, however far-fetched they may appear. I have read speculations on the price drop connecting it to Bakkt, drop in hashrate, quantum computers, billion dollars worth of BTC transfer, manipulation, and so on. At first, I went with the flow and read more about them but it seems they are all equally unsure about their theories.

The only certain reason for me was that there were more sell orders than buy orders.

[sunsilk]

It became a belief now that whenever a huge transaction was sent to the exchanges, this will cause already a dump. And this is bringing a lot of pressure and fear to the small traders out there because it helps to push the price lower.

Never forget that bitcoin is a speculative asset so expect that from time to time there will be speculations everywhere.

[Baofeng]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

You mean moving billions of dollar worth of bitcoin? That's been happening way back so I don't think that it has something to do with the recent crash. This is just FUD, a classic one, I think you are fairly new in the game so I will just advise you not to panic or even believed everything you hear or read specially coming from social media or even crypto related websites.

[FaucetKING]

I didn't hear about this case actually, could you provide us with a link or an attachement to have a good read about the subject?
The case happened when i was at HuobiGlobal watching ETH price and then, i've seen it turn into bloody red, lol it was like a nightmare. I heard that the dump happened because of Fuds and somehow the no-fomo. Peoples are greedy sometimes, they have the fear and that's why they lose. I suspect that this dump took place because of the fear, btc still and will always remain a good and a valuable technologie, peoples will buy it later, lol.

[shimbark123]

I don't know what is the cause of this crypto prices but I guess this could be the work of bear market. If it is just a transfer of bitcoin from one exchange to another, it's fine. This thing is happening not just this time. Especially when there is somebody that is arbittrading.

[Easteregg69]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

Take a look at a 5 year chart.

Last time i posted pictures on here the imageserver got outruled by some moderator fuck!

The bitcoin scene is doomed to selfdestruct. It's all in the run up.

[quierx16]

There is no reason to believe that the two events are related. People like to speculate about all kinds of things.

yeah they do always want to talk on what will happen when no one really knows what will happen to the price, huge transaction can give huge effect on bitcoin that is right but always remember that in every transaction consist of "buyer" and "seller" and not only seller.

[lightningmelo]

Even if those 2 events are related and a billion dollars of BTC are being sold right now causing this price drop, in the long term this is great:

100,000 BTC are being sold to all the bitcoiners that are buying and dollar cost averaging this dip.

Money goes from weak hands (or hands that have way more than that and are just offsetting risk, who cares anyway) to stronger hands.

[pishite]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

Most likely, they are now trying to earn on new traders by artificially lowering the price so that newcomers sell their bitcoins at a low price, and other experienced traders make a profit.

[funchiestz]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

When the Bitcoin price starts to go back, everyone suddenly starts to bring out bad rumors. When it starts to rise, everyone presents their new predictions. We're used to it now. Calm down. Bitcoin will rise again!

[milani]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

May be yes, may be not... These two events may be related or may be really separate processes. But what I would like to admit - the price will be always falling up and down. It is the rule of the every type of market, and cryptocurrency and Bitcoin itself are not the exception. So what we have is just to keep in mind this and be attentive to all the changes in order to react in time.

[goto22]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

Well, while whales are known for market manipulation, that doesn't mean that investors need to fall for it. People should have learned a long time ago that you need to be patient with crypto, and often wait for years to get the right opportunity. HODLing is the answer for BTC.

[omone1]

I read that too. This is nothing but speculation, if people want to sell all their bitcoin holdings, that is fine, it's their money and they should not be stop from doing so. We will be glad to buying cheap too. One thing is sure, bitcoin is the future the earlier we believe that the better it quenches our fear of falling prices.

[joelsamuya]

Whenever the price of Bitcoin is tanking, people naturally are looking for anything they can ascribe the dip and this time around it is the same thing. People are fond of speculating so anything they can find that can fit the bill will be use as the reason. Now, whether that transfer did cause this dip to me it does not matter because it is just a normal transaction. Bitcoin is volatile cryptocurrency and not a stable coin therefore we should be expecting something like this. Now, having said that, we should remember that Bitcoin had been proclaimed dead many times over but all the time the King of Cryptos always came back and resurrected.

[Herry Toms]

More specifically no one knows what is the reason for falling prices but I think no one cares about the reason, for every one reason could be different. But I would say people are afraid to hold above 10k so they keep on selling every time it goes there and now they sell a lot to bring it down. It is cheap and now more people will buy it.

[teosanru]

I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?

Did you ever found out why BTC skyrocketed to 19k suddenly in a span of two months? Did you ever found out that why btc dipped all the way down to 3k even after touching 19k? No one knows the answer what i can feel and sense is pure manipulation of market and nothing else. Whatever people may say that SEC decision to delay futures might have caused the problem. The technicals clearly show that an unhealthy bear move has just started and let's see where does it takes us.