Why Bitcoin is dumping?

[mersal]

OP seems like you missed the basic knowledge about bitcoin,the prices are not controlled by anyone even if the Satoshi wants still not possible to do so then how banks can fix a fixed price for bitcoin for every three months? It will change for every second and there is no perfect price as well it will varies from exchange to exchange.

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[alyssa85]

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.

'China bans bitcoin' stories are used to trigger a small move downwards, which in turn triggers stop losses from those who are long, triggering a bigger move down.

In other words, stop loss hunting. Something that has been going on since 2013. Unfortunately bitcoin is illquid enough for this stuff to work.

[mosprognoz]

Why bitcoin is dumping?

End of the year =

1. People and companies have to pay taxes in fiat.

2. People and companies have to buy gifts (christmas, new year, e.t.c..)

3. China started to fight anything related to crypto. (There is still a communist government)

If we will reach $ 4000 barrier, than it's time to buy back again. I wrote about this scenario, but nobody was listening.

https://bitcointalk.org/index.php?topic=5195639

[gentlemand]

In other words, stop loss hunting. Something that has been going on since 2013. Unfortunately bitcoin is illquid enough for this stuff to work.

Yeah. Aside from when it's bubbling this is pretty much the only game in town. I thought by this point there would be some real world stuff to take up some of the slack but it's the same as ever. It needs to be more than the thing that explodes briefly every few years followed by more years of nothing.

[alexsandria]

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.

Protest lol. These are just FOMO who try to catch up by any means. Hoping for a changes that would be in their favor. And on the other hand, I am nor certain by means of manipulating dumping such. I just think it maybe 'cause by naturality 'cause the demand ain't higher by such time.

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.

Close yes. But still possible, and would get pass through to a price we expect would stay still. Or am I just hitting FUD here? But anyway, buy some while you can.

[goaldigger]

OP seems like you missed the basic knowledge about bitcoin,the prices are not controlled by anyone even if the Satoshi wants still not possible to do so then how banks can fix a fixed price for bitcoin for every three months? It will change for every second and there is no perfect price as well it will varies from exchange to exchange.

No fixed price anymore, everything will change in time and we have to accept that. Bitcoin is very volatile, its dumping right now because sellers are more powerful than the buyer, banks can’t handle such big transactions for a seconds its too impossible. So many negative news right now around the world, China is still a big thing in this market and we can feel it right now.

[Silberman]

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.

Not only you do not have knowledge about bitcoin it seems that you are lacking knowledge about basic economic principles, why do you think that we do not have fixed prices for anything? Because they don't work, every time in the past in which the government has tried to regulate how much something is supposed to cost they learn that they cannot go against the market forces and eventually they will force the hand of the government and the price will go in whatever direction the market wants.

[nelson4lov]

Damn. The dump is just too much. Bitcoin dropped to a 4 week low. Like others have mentioned, the dump is definitely due to the news from China about regulations being tighter. What I don't understand is for a country to publicly show support for blockchain and cryptos only to look for ways to destroy it. Make no sense.

[shoreno]

there was a thread lately that have been posted with a title why bitcoin will pump .  the subject of that thread was only made of a single pic and no caption or addtional message whatsover but the pic shows that someone is protesting and there is a logo behind of a btc and a btc wallet address but why did the price of btc still goes down ? hmmm i think you right with your statement.  we can just disregard the pic but the protest do also have thier own result .

[darkangel11]

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.

'China bans bitcoin' stories are used to trigger a small move downwards, which in turn triggers stop losses from those who are long, triggering a bigger move down.

In other words, stop loss hunting. Something that has been going on since 2013. Unfortunately bitcoin is illquid enough for this stuff to work.

Don't quote this twitter account it's the same that posted a video of the Chinese president saying Bitcoin is a scam, but it was a video from last year!
This is a fudster from China trying to start a panic and start a panic!

They also put out fud about chinese government raiding binance office in shanghai and CZ tweeted that they have no office! It's all fucking FUD just like in 2014 and 15.

[el kaka22]

I think it is dropping because right now we are at the exact "nothing fun happens" stage, we have no Bakkt this time, the halving is a long time to go and there is absolutely no news to make it go up. So, right now there is no "reason" to buy bitcoin other than the fundamental reasons like we like it or we trust it or we believe it is a better version of money and what not, they are always there but nothing extra like a big news or anything goes around.

Hence, the sellers keep on selling but the buyers get less and less because people couldn't find a reason to buy bitcoin and the only ones left are long term investors and traders tbf, no hype, no media, no news. Surely it will past though, we were here just couple months ago and reached above $9k once more, we will do it again.

[pixie85]

I think it is dropping because right now we are at the exact "nothing fun happens" stage, we have no Bakkt this time,

We have Bakkt but it seems bakkt is not backed! They are going to launch cash settled contracts. They were supposed to be the only platform with bitcoin futures but that doesn't work for them so they are going to launch another CME: futures with no backing. It's probably because they aren't making money on their backed contracts.

Bitcoin is falling because of technicals and because of FUD. Great mix as always.

[Distinctin]

It is too overwhelming if we saw the price reach to its peak but badly we easily get worried when it turns down.
I don't think that people could understand the situation cause many we're still worried and get surprised. But we can assure that there is a reason for this new bearish trend we have and may it helps to find https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend

[Wexlike]

I think it is dropping because right now we are at the exact "nothing fun happens" stage, we have no Bakkt this time,

We have Bakkt but it seems bakkt is not backed! They are going to launch cash settled contracts. They were supposed to be the only platform with bitcoin futures but that doesn't work for them so they are going to launch another CME: futures with no backing. It's probably because they aren't making money on their backed contracts.

Bitcoin is falling because of technicals and because of FUD. Great mix as always.

In the end they'll blame as always China for the drop: https://uk.reuters.com/article/china-blockchain-shanghai/pboc-shanghai-hq-says-to-crack-down-on-cryptocurrency-trading-idUKB9N251022

[Hippocrypto]

It is too overwhelming if we saw the price reach to its peak but badly we easily get worried when it turns down.
I don't think that people could understand the situation cause many we're still worried and get surprised. But we can assure that there is a reason for this new bearish trend we have and may it helps to find https://ceo.ca/@currencyfrontier/theone-simple-reason-why-bitcoin-went-down-againoverthe-weekend

Same emotions will take effect, it could be good or bad for whatever reasons it is. A person couldn't understand if he won't be open minded for any possible factors that triggers the dumping of bitcoin price, but I am confident that the market will gain another demands sooner. We may find that so hard for the main time, yet more new opportunities will come afterall.

[Inkdatar]

there was a thread lately that have been posted with a title why bitcoin will pump .  the subject of that thread was only made of a single pic and no caption or addtional message whatsover but the pic shows that someone is protesting and there is a logo behind of a btc and a btc wallet address but why did the price of btc still goes down ? hmmm i think you right with your statement.  we can just disregard the pic but the protest do also have thier own result .

This has nothing to do with the protest of why bitcoin is dumping. A lot of factors why these happen to decline this sudden price of bitcoin. Others are waiting for this opportunity to catch some btc at this price to accumulate. I also read that thread but let’s face the fact that bitcoin value is volatile and possibly we could see a bounce to surge it's price soon.

[Visbay]

OP seems like you missed the basic knowledge about bitcoin,the prices are not controlled by anyone even if the Satoshi wants still not possible to do so then how banks can fix a fixed price for bitcoin for every three months? It will change for every second and there is no perfect price as well it will varies from exchange to exchange.

No fixed price anymore, everything will change in time and we have to accept that. Bitcoin is very volatile, its dumping right now because sellers are more powerful than the buyer, banks can’t handle such big transactions for a seconds its too impossible. So many negative news right now around the world, China is still a big thing in this market and we can feel it right now.

Yeah, you are right the price is actually dumping because of those who are selling their coins at panic. We know the price of bitcoin volatiles and we should take decisions according to the market moves if we will buy and sell at the wrong time then it’s not only lost for the market but it’s lost for us as well. That’s why we should keep the demand high I am sure soon the price will recover.

[Oceat]

there was a thread lately that have been posted with a title why bitcoin will pump .  the subject of that thread was only made of a single pic and no caption or addtional message whatsover but the pic shows that someone is protesting and there is a logo behind of a btc and a btc wallet address but why did the price of btc still goes down ? hmmm i think you right with your statement.  we can just disregard the pic but the protest do also have thier own result .

This has nothing to do with the protest of why bitcoin is dumping. A lot of factors why these happen to decline this sudden price of bitcoin. Others are waiting for this opportunity to catch some btc at this price to accumulate. I also read that thread but let’s face the fact that bitcoin value is volatile and possibly we could see a bounce to surge it's price soon.

That protest topic was irrelevant to the dump of Bitcoin and I agree to you that there are lots of factors why Bitcoin price is dropping. It is not likely to dump forever so there's no need to worry, just invest at this low price before it gets too late. The price is slowly gaining as we speak about to this topic. It seems that $8k was too high for them to buy that's why they have to wait for this opportunity to come and here it is.

[electronicash]

Why bitcoin is dumping? Is it because of protest?

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.

millions of people will soon be rich when this is exactly what what will happen. the government do not want that. things can go wrong when in the community there are more powerful individuals.

the news says China is hunting illegal exchanges and there are several Chinese exchanges we don't even know here. i saw some since i have some Chinese coins that were added on these small exchanges.

[TIDOVEE]

It should not be the protest that will result in the present dump. The dump is not new, it was experienced before the 2017 bullrun and it was not the internet service protest.
I believe it is a deliberate system of regulating the crypto price and inflation. It is part of the crypto currency character(Volatility). I don't agree that the bank is responsible for that too .