Falling of crypto prices

[Omega Weapon]

There are times when I ask myself the following:

which would be better:

we see bitcoin reach $100,000, but not accepted as a worldwide payment method and most governments and banks continue to take a tough stance against bitcoin?

or

we see the price at $7000 but bitcoin is accepted worldwide as a means of payment and all governments and banks accept bitcoin?

people are very focused only on big price increases that don't realize that even $6000 or $7000 or $1000 is still a good price as long as bitcoin is used worldwide as a means of payment.. what is the purpose of having Too many bitcoins if you can't use them in the real world?

An interesting question but those two things cannot be separated from each other, if the price goes up that much then adoption will go up as well and we will be capable of using our bitcoin everywhere since more companies will like to adopt it to try to make money that way, but if the price remains low then adoption will keep being low as well and we will be unable to use bitcoin as we like, I would like things to be different but this is the way it works and we cannot change it.

[1714615536]

1714615536

[1714615536]

1714615536

[jostorres]

An interesting question but those two things cannot be separated from each other, if the price goes up that much then adoption will go up as well and we will be capable of using our bitcoin everywhere since more companies will like to adopt it to try to make money that way, but if the price remains low then adoption will keep being low as well and we will be unable to use bitcoin as we like, I would like things to be different but this is the way it works and we cannot change it.

Yeah you are right, the more adoption that we get, the more that the value of the currency will increase, so we cannot even escape bitcoin reaching that $100k, it is even when government adopt it that it will shoot fast high to that $100k, because people will tend to believe in the system that the government has given them the approval to use.

I think bitcoin stabilizing at $7000 will be good for people to make transactions, but will not invite investors, so we need both user and investors of bitcoin to really keep the coin active and take it to the level where it needs to be pending the time that bitcoin is adopted globally, we still need to also benefit from it now and that is why we wish that bitcoin increases in the future to that $100k, and by then, it would have achieved its optimum adoption.

[TriplexXx]

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?

I think that money belongs to the whales. no way someone will just try to sell that huge amount of bitcoin on an open cryptocurrency exchange. When you are talking of money in BTCbillions, that belongs to someone very wealthy, a trading company or an exchange itself and they repercussion of selling huge amounts of BTC. Selling that will definitely cripple the bitcoin price in the market.

[d3nz]

Definitely, it will make a change on the market once they trade that lot of bitcoins and I think some whales are holding it and waiting for the right time to make a move again. But if transferring from another wallet then it will not make any changes at all. And the prices of altcoins will depend on the value of bitcoin if it is going up or down and the same with them.

The value of of cryptocurrency are very volatile we don;t know when it will go up or down and it;s hard to speculate and make a prediction and were just depending on our trading chart.

[fabiorem]

which would be better:

we see bitcoin reach $100,000, but not accepted as a worldwide payment method and most governments and banks continue to take a tough stance against bitcoin?

or

we see the price at $7000 but bitcoin is accepted worldwide as a means of payment and all governments and banks accept bitcoin?

The first option would be better. Just sell in a exchange when you want to spend it.

[gandame]

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?

I think its not true because if someone have a lot bitcoin and sell that the price now will drop. So don't believe in any fake news just focus into it.
Now we need to fucos what the bitcoin price just need to be patience and have faith on bitcoin price will goes up.

[rahmatullah9305]

In a presentation about the price of bitcoin is now declining, this is because it might be caused by a lack of calculation in world activity, maybe in the middle of the month it could have gone up 90%, the company's bitcoin program is now declining because of the fall in the price of the bitcoin, thus workers in the crypto money is increasingly drained by tight work on the activities of world companies, and also with the amount of the price of bitcoin falling gradually in stages little by little.

[huu78]

If only determining only one of your possible factors is wrong. But true if someone sells a coin in bulk resulting in a sale is greater than on demand and tends to price down.
But should be seen other factors such as good news or bad news to easily conclude.

[Golftech]

If only determining only one of your possible factors is wrong. But true if someone sells a coin in bulk resulting in a sale is greater than on demand and tends to price down.
But should be seen other factors such as good news or bad news to easily conclude.

There's certain reason on why the market is crashing down we can just point out one reason alone, there's market movements where panic holders are following. So if there's bad news that happened along the way expect those weak holders to quickly dissolved all their assets fearing to lose their money.

And also, consider that whales loves to ride either to help giving  good bull run or ride with the dumped and make the value much lesser.