Why Bitcoin is dumping?

[DashingAgent]

Why bitcoin is dumping? Is it because of protest?

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

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[mindrust]

There is only one explanation which makes sense. People just don't want to buy from these prices. (I mean 8k and above) They prefer to wait for a lower price > the price tanks. I am pretty sure we are close to the bottom though. 6k would be the perfect price to catch the moon train for one last time if you already haven't.

[BitcoinGirl.Club]

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

Bank to fix the value of bitcoins?
Government to decide who to take control of bitcoins?

Man how long you are in the space?

Do you think bank own the bitcoins?
Do you think bitcoins born to follow the set of rules the government imply?

It's not fiat shit that there will be central power and they will control it. We are talking about 10k+ nodes.

[DashingAgent]

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

Bank to fix the value of bitcoins?
Government to decide who to take control of bitcoins?

Man how long you are in the space?

Do you think bank own the bitcoins?
Do you think bitcoins born to follow the set of rules the government imply?

It's not fiat shit that there will be central power and they will control it. We are talking about 10k+ nodes.

Many banks have been entered to the cryptocurrency, I think they may open the branches for blockchain, where they may control the deposits and withdrawals i,e if someone opens his account through any bank, he may keep the bictoins on that banks wallet like he keeps it in the blockchain wallet, then banks may charge a little fee, by the way bank may fix the price for 3 months period for the people who want to exchange bitcoin for fiat money. I think it is happening, there are many blockchain banks.

[nelson4lov]

If Bitcoin is dumping, it only means one thing, more people are selling than buying. It could be due to a reaction of a news or update, something similar or it might just be just another day in the market where there were more sellers than buyers. The retracement was expected since the 30% pump recently. If there's something else making the price dropping faster than usual, we'll get to know in due time.

[BitcoinGirl.Club]

<snip>

Many banks have been entered to the cryptocurrency, I think they may open the branches for blockchain, where they may control the deposits and withdrawals i,e if someone opens his account through any bank, he may keep the bictoins on that banks wallet like he keeps it in the blockchain wallet, then banks may charge a little fee, by the way bank may fix the price for 3 months period for the people who want to exchange bitcoin for fiat money. I think it is happening, there are many blockchain banks.

Is this your made up idea or any stupid around you gave you the idea?
When I can have control of my coin then why would I seek a bank to keep by coins LOL
It's not weekend yet but seems like you are drunk early.

I think they may open the branches for blockchain

if someone opens his account through any bank, he may keep the bictoins on that banks wallet

banks may charge a little fee

Quoted for fun LOL

I think it is happening, there are many blockchain banks.

Where? Can you provide some example?

[ecnalubma]

Why bitcoin is dumping? Is it because of protest?

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

If you let bank’s control Bitcoin then its not decentralised anymore. One factor that made it so volatile because due to its very low liquidity I mean were talking about global population that use Bitcoin in the present day. If adoption grows massive about half of the worlds population it could potentially somehow stabilise the price.

[rdluffy]

I think that people are selling to buy again in the end of the year or the very beginning of 2020 to acumulate coins and be prepared to the halving
For me this is the only logical explanation to explain this actual fluctuation

[Wexnident]

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand

I have no bloody idea how you became a member when you don't even know that BTC is a decentralized form of crpyto. Like bruh, seriously? That concept was established from day 1 and here you are saying that banks could fix the price of BTC.

I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

Dude do you even know what you're saying right now?  BTC's volatility enables it to be a part of market trading. And market trading has always been about taking others' money by buying and selling. You're basically asking for BTC to be stopped trading. A reason such as there's altcoins to trade instead? You should've just stated that BTC can go die off now.

by the way bank may fix the price for 3 months period for the people who want to exchange bitcoin for fiat money. I think it is happening, there are many blockchain banks.

My brain is being killed help. They can't change BTC price whenever they want, banks don't bloody own BTC.

[Oasisman]

Regardless of what the reason of the crash would be doesn't matter, as long as you will never ran out of patience you'll surely wont be lossing any buck.

Also, governments doesn't have any connections with how the market moves or can control the price. Not even the whales can always steer the price towards the direction they want to.
So, can we just a bit positive, as we can accumulate in a lower figure while we approaching the Halving in 2020.

[Capt00]

Why bitcoin is dumping? Is it because of protest?

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

Do you mean Hongkong protest? I don't think it affects crypto cause Hongkong has never had major exchanges that could trigger such a trend( down).

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

May possible but for now, and despite market competition this downfall experience, volatility remains strong and wild. Can't figure out what is really happening causing its falls.

[acdc]

If you're here long enough you'll realize the ups and downs are perfectly normal for Bitcoin and all cryptocurrency markets. People are just waiting for bitcoin prices to drop to buy. I think $ 7k will be the bottom of this drop, if Bitcoin drops to $ 7k I will buy some more.
I think the government will not regulate the cryptocurrency market because they don't like Bitcoin, most even want the crypto market to die. Others plan to launch centralized coins managed by the central bank.

[dark08]

One reason people start selling their bitcoin that cause hard falling down, second because on what happen to binance theres many factor that consider this dumping the good thing that I can see in this scenario if you are long term holder and want yo buy bitcoin at lpw price then this is your chance to buy more.

[piebeyb]

your speculation and your opinion, there is no effect of the price of bitcoin falling at this time, if I look at the current price of bitcoin has not really fallen below $ 5k, because if below it will certainly make the price of bitcoin continue to fall, but I feel waiting for buying support below $ 5500 - $ 6000 will drive the price of bitcoin higher, but I don't think the price is really below $ 7000

[Wysi]

One reason people start selling their bitcoin that cause hard falling down, second because on what happen to binance theres many factor that consider this dumping the good thing that I can see in this scenario if you are long term holder and want yo buy bitcoin at lpw price then this is your chance to buy more.

Yes people selling bitcoin is panic does is causing more damage but there are other factors like whales manipulating the market just to fill their coffer with more bitcoin before halving. But this time I am not sure if it's really the whales who have dumped it or some other factor but bitcoin will recover sooner than expected.

[arwin100]

One reason people start selling their bitcoin that cause hard falling down, second because on what happen to binance theres many factor that consider this dumping the good thing that I can see in this scenario if you are long term holder and want yo buy bitcoin at lpw price then this is your chance to buy more.

Yes people selling bitcoin is panic does is causing more damage but there are other factors like whales manipulating the market just to fill their coffer with more bitcoin before halving. But this time I am not sure if it's really the whales who have dumped it or some other factor but bitcoin will recover sooner than expected.

I'm not sure if that's the case but somehow it maybe a little cause of the dump these days since for sure many people get affected on the current situation of the market but actually I'm still positive that there is a good outcome will happen on next month or maybe in next year since we should remember that halving still there and possibly it could bring a good impact in the dumping market these days.

For now I will monitor the market to spot the correct timing on when to get in and earn when pump  came  .

[gentlemand]

China 'banned' Bitcoin AGAIN? - https://twitter.com/DoveyWan/status/1197807060877901825

I have always maintained that the less China there is the better. Nothing has changed. There aren't even any exchanges there to screw with any more.

[barota]

there is a bull trap for this reason bitcoin is dumping ; halving is a support of bitcoin; if you see past halving the prices rose much ; same thing will happend next halving or there will be huge pump too . dont sell your bitcoin to new investors for cheap because of fear dump . bitcoin will rise next month because there is investors who love bitcoin always

[AliMan]

One reason people start selling their bitcoin that cause hard falling down, second because on what happen to binance theres many factor that consider this dumping the good thing that I can see in this scenario if you are long term holder and want yo buy bitcoin at lpw price then this is your chance to buy more.

Yes people selling bitcoin is panic does is causing more damage but there are other factors like whales manipulating the market just to fill their coffer with more bitcoin before halving. But this time I am not sure if it's really the whales who have dumped it or some other factor but bitcoin will recover sooner than expected.

I'm not sure if that's the case but somehow it maybe a little cause of the dump these days since for sure many people get affected on the current situation of the market but actually I'm still positive that there is a good outcome will happen on next month or maybe in next year since we should remember that halving still there and possibly it could bring a good impact in the dumping market these days.

For now I will monitor the market to spot the correct timing on when to get in and earn when pump  came  .

Maybe the correct timing was too hard to see when it could come back at good times. Earning while it pumps, is a great experience for everyone but we still need to wait for several times before we reach our aims. Hopefully the perfect one will be not hard as previous days that all of us struggled to face such circumstances while waiting for it.

[sikke]

Why bitcoin is dumping? Is it because of protest?

If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.

Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.

It has nothing to do with protests.

The dump that we're seeing right now is completely natural and the correctionwas bound to happen due to market forces - the bearish sentiment was simply too strong for any real bullish momentum to build up to form a rally, especially when the psychological barrier of $10k remains unbroken.

Also, your suggestion about a bank fixing the price of BTC is ludicrous. That would simply introduce more problems that it would ever solve.