Bitcoin is down a lot

[Adamini]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

[1715176609]

1715176609

[1715176609]

1715176609

[tinopener]

Grayscale is not a bitcoin fund.

It is a limited company that happens to own bitcoin... and debt... and the ability to do lots of un-bitcoiny things.

[cryptoaddictchie]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

Yes they did. But they are not the only investors and big players on bitcoin fund isn't it? Also I think they don't buy bitcoin at steep price like just they announced. I'm sure they bought even more lower.

The drop is normal especially with a fast increase in the past few weeks. Of course a corrective step must applied and I think this is it. It will go down more or sideways a bit.

[TravelMug]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

Yes, they are buying bitcoin, but the thing is that they are just one part of the whole. There could be a multitude of whales and ordinary investors that are selling because of the supposedly FUD regarding double spend.

https://forkmonitor.info/stale/btc/666833

But it was debunked already, but it seems that the negative news has damage the ecosystem already. However, this is just short term though, and all of us should take advantage of this opportunity to buy cheap BTC, this is a sale.

[DoublerHunter]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

^ Dude, they are just investors, I mean they are one of the big investors but it does not mean they hold the entire market price movement. Yes, they invested in bitcoin but if they even sell this only has a slight effect on the bitcoin price. Nevertheless, this correction is expected by most analysis in the crypto market because it is natural that bitcoin having a correction and then it will resist after on. You should not be a worry at all if you are a long-term holder.

[mk4]

Not because a company hauled a huge amount of bitcoin it doesn't mean it's going to be immune to price drops; also taking note that they're doing it OTC, so it would actually take time for us to feel the price effects.

As for why it dropped, the consensus of why it dropped is because of the recent double-spend FUD. While what might've caused the drop are surely multiple things, it's probably a safe assumption that the double-spend FUD was the main one.

[rokon1234]

Bitcoin habit is up and down but this period bitcoin price increase very much.it's really bad period for investment.Because, anything can happened anytime with btc.i think this time no one can't give you perfect analysis.

[acener]

It is normal in crypto to have a price drop every now and then.
Do you think that it would just always go up?
Investors would take their profit and sometimes even their capital and that is how it works.
After all investor couldn't just put in money all the time.

[Poker Player]

It's go down a lot. So, what?

Not long ago the price surpassed the previous ATH and we had a shor period of breaking ATH after ATH. It's not gonna keep going up without drawbacks. If you are a Hodler you shouldn't be worried.

As for the main reason of the recent dump, I agree with mk4:

As for why it dropped, the consensus of why it dropped is because of the recent double-spend FUD.

[rodskee]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

Not because they are Investing and in somewhat Holding More Bitcoin meaning the market will rely on them .
How much Bitcoin they have compared to how much coin they don't?

Decisioning is not only on their part but from the whole industry meaning even us (like Me) who holds a little amount of bitcoin is part of that majority in which if My movement will go along with many investors like me  then the market will dance with us even GreyScale is doing nothing .
So let they hold their coins but don't rely on them totally.

[torrantz]

If it can go up fast it can go down fast but as I've seen it's still well above $30,000 and to be more specific $31.5K the down is nothing if compared to its pump and the price from previous months.
If any it's correction that people has been talking a lot these days when people gets too worried about btc going up so fust. I honestly think it's just bitcoin cycle which happens after massive pump. See the chart and you will figure out that there's always some dump after some pump.

[Lorence.xD]

Its not like Grayscale own a lot of bitcoins than the individual investors, as long as traders are selling their coins to get a profit, prices will go down no matter what happens. People always complain about the price of bitcoin going down when in fact, this price points in the market didn't even cross to the mind of many people back then, that is why there is FUD here and there. Realizing that bitcoin has gone this far is enough for me to believe that this is just a temporary down.

[raidarksword]

This is what actually market works, nothing to be afraid of and this not the first time bitcoin dumped so hard. People sold bitcoin to make profit  that's why prices dropped and for me this normal. Anyways, when bitcoin dropped then it is the best time to accumulate for the next pump.

[waelov]

Bitcoin is testing bottom support level 31.5k and if he breaks it expected to go lower around 25k - 27k possibley so it will be a good time to buy.

[Jawhead999]

Really? How much did gray capital invest on Bitcoin? So we can assuming the effect of their investment to the current market.

Here some interesting article I read

This means that during that 1-minute, $23 million USD worth of bullish trades increased total market value of Bitcoin by over $1 billion USD (.557% of $180.77 billion total value of all Bitcoins)
Crudely put — It is possible for someone with access to $23 million USD to pump the price up by .557% in one minute.

Also even though we can make a assumption about the investment capital from gray capital effect to Bitcoin market, that doesn't mean other holders doesn't doing anything. You can't know what they're doing every second with their money, they can do panic selling, holding, or buying.

Bitcoin is decentralized and no one can control it, so you need to gather many information instead of 1 news only.

[ashmodeus]

lmao, r u even scared about it ? , so far , based on my speculate, bitcoin now it's a superstars for what we call store of value , many many instituion/big player has joined the rally after the price has break ATH 2017. so why this damn thing happen ? because they want buy more , there is no other reason for me.

[iTradeChips]

For many here, they really do not worry about it because this is simply a correction and that many of us know that soon, the price will just go back up and then another Bull will happen. So if I were you, I would really not worry much about this because this is the same pattern before. There is nothing to be sad or concerned about the trends of Bitcoin. Buy now while it is low because once it gets higher then there is really good profits that one will get out of it.

[dre1982]

This is what actually market works, nothing to be afraid of and this not the first time bitcoin dumped so hard. People sold bitcoin to make profit  that's why prices dropped and for me this normal. Anyways, when bitcoin dropped then it is the best time to accumulate for the next pump.

Such drop was expected. It went high way too fast. It's just a normal correction.

The support wasn't that big and easily to break. Just let the market calm down and start rising again.

[xSkylarx]

If you see bitcoin's price dropped that "much" now then maybe investing on this asset is not for you. What happens now is normal so some buyers can take their profit. And an opportunity for some to buy at a lower price.
If you experienced the hype way back 2017, after that year it dump all the way to 3k if I'm not mistaken. And it lasted for some months and it just returned to 20k recently. Imagine how long for some people to wait and recover their investment. Bitcoin is much more stable now unlike 2017, many big institutions now are starting to invest because they now see the potential use of it in the future.

[Ultegra134]

I don't know what you say, but I'm observing the price for the past 2 days, looking for an opportunity to buy some, taking advantage of the current price correction/crash. It's similar to the most recent one that happened the previous one or two weeks. I don't think it's something to worry about, as long as you are careful with the trades you make.

[Noctis Connor]

Bitcoin is volatile and you can't blame the gray scale if that happens because of the bitcoin price down , lot of companies maybe their selling their bitcoin since they reach their profit already with in the month they invest this could be an advantage to them to make a good profit not only companies but people too ever since this is the biggest price bitcoin reach and now its dumping and that is another opportunity to those people who wants to involve into bitcoin and start investing and make a good profit within a month or more.

[kentrolla]

There are many investors like grayscale only top institutions were highlighted I mean came open in public that they too have invested in BTC similarly many have invested like them, also the price goes down only the demand decreases. Then comes big whales if they start to sell the price will again go down then panic sellers who will start to sell in hurry without knowing anything.

[Rikafip]

Since all time high two weeks ago was approximately 42,000 USD and we dropped yesterday at ~29,000 USD, that makes it 30% correction so I wouldn't  say that was something completely unexpected considering how much price increased in the last couple of months. It is true that Grayscale and others are amassing BTC at the crazy rate (probably more than it's being mined every day which eventually pushed the price) but still these can of drops are expected. People are bound to take profits after the rally and buy back in at the lower price, nothing wrong there.

Really? How much did gray capital invest on Bitcoin? So we can assuming the effect of their investment to the current market.

Just during December 2020 they increased BTC bag by more than 72,000 and  few days ago  they bought more than 16,000. Here you can see how much crypto they have at the moment.

[eaLiTy]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?

If you are talking about Grayscale investment they do have one of the biggest portfolio in the cryptocurrency space and there are other major public investment companies that are holding billions of dollars worth of BTCitcoin and then there are individual investors and early adopters who are holding huge amounts and it is impossible to know who is making the sell order until you have the tools to analyze all the big transactions and there are companies that are monitoring those.

Right now the market is around $31500 which is still a huge valuation and we had a 17% correction in the past one week and we had seen worst in the past and we have seen the market recover swiftly and this is not a big surprise as the market was rallying breaking all the resistance and expect a correction once in a while.

[yazher]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

The price is still high and no one really knows whether this is the last time we see it this low or not. in my opinion, this is only normal because before the price going to rise, it will go down first and after that, the price will spike to the point it create another record-breaking ATH. It's just a matter of chances or that's just it is. I mean, you can check its history, whenever the price goes down, it will gonna rise again anytime soon until its stop at its peak. when even the price goes down, it is one of the indications for us to bus to be able to earn from it.

[shoreno]

price is still over 30k $ and you will say its down alot ? i know we are at 40k $ last time but the 10k $ decrease is i think not that huge but 25k $ drop or more are the one that is huge and just because there are big investors here in btc does that mean the price will not drop anymore ? oh hail no thats not how it work .

we must be thankful infact that there are big investors because if there isnt , the price could have gone dowm so hard .

[saffira]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

This price trend is really normal. For me it is my chance to invest, I mean buy low. Bitcoin is the number one and I really trust. There may be correction but as you said , I am one true believer of bitcoin.

[lepbagong]

price is still over 30k $ and you will say its down alot ? i know we are at 40k $ last time but the 10k $ decrease is i think not that huge but 25k $ drop or more are the one that is huge and just because there are big investors here in btc does that mean the price will not drop anymore ? oh hail no thats not how it work .

we must be thankful infact that there are big investors because if there isnt , the price could have gone dowm so hard .

agree, because we know that last year bitcoin made an unusual surprise that it is often done, it can go up only takes a few hours with a very high price difference, so it's down in a few weeks and not even down to $ 30K is a surprise. Current prices are fluctuating and changing in a relatively safe and very consistent range, so there is no need to worry.

[Murtaza345]

How you can say it, because it's not too down,if you see the Bitcoin chart for last 6 month Bitcoin has gone very up,And still it's above 32k. I don't think soo like Bitcoin will be more down than like 20k . because traders of Bitcoin in All over the world,see Bitcoin long term not short term .and don't forget it this year of 2021 is completely of cryptocurrency,s year,and many of the new and big projects are getting interest in cryptocurrency,and still many people have holded Bitcoin they are not selling because they know the future of cryptocurrency is very bright.

[Kong Hey Pakboy]

price is still over 30k $ and you will say its down alot ? i know we are at 40k $ last time but the 10k $ decrease is i think not that huge but 25k $ drop or more are the one that is huge and just because there are big investors here in btc does that mean the price will not drop anymore ? oh hail no thats not how it work .

we must be thankful infact that there are big investors because if there isnt , the price could have gone dowm so hard .

agree, because we know that last year bitcoin made an unusual surprise that it is often done, it can go up only takes a few hours with a very high price difference, so it's down in a few weeks and not even down to $ 30K is a surprise. Current prices are fluctuating and changing in a relatively safe and very consistent range, so there is no need to worry.

The $30K price of bitcoin is unexpected because yesterday it was only in the range of $34K+, and now bitcoin's price is $32K, so I think many have grabbed the opportunity to buy bitcoin while it's at a low price. We shouldn't worry too much about bitcoin's price because the whales and institutional investors are currently holding their bitcoins, so there is a low chance for bitcoin to drop its price below $20K again.

[jasonjm]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

The current drop in Bitcoin price is just a usual correction stage in the market. It is very important for bitcoin to drop a bit if want to sustain bull run.  The price might go further low and might test 25k$ in the coming weeks to retain the momentum of bull. Signals are bullish at the moment.

[FlightyPouch]

I don't think you should think about that one company that invest in bitcoin since there are a lot of other people out there that can make a move that could also affect the price. Another thing is that we've been having a price increase for a period of time and this price decrease that is happening might just be a correction.

[Kocret02]

looks like this is a correction, bitcoin decline is nothing to worry about right now. this is just a natural moment for now, so I think the decline in bitcoin in the near future will definitely be offset by the increase. you can analyze on the bitcoin price chart.

[Ridwan Fauzi]

Hopefully, you are aware that the market is not formed by just some people, I mean some people who just want bitcoin to keep going up all the time. However, the bitcoin market is formed by everyone who owns bitcoin and of course, they will have different psychology from each other. Like you, who want bitcoin always up then you will hold it as you can, no matter what will happen you will keep your bitcoin in your wallet, right?

But as I said, there will be many people who will sell their bitcoin because they have got profit as they want, can you imagine how is the psychology of bitcoin investor who bought bitcoin at $ 20,000 and he sees the price of bitcoin is already reached $42,000? I guess they will take profit first. Also, for some people who understand technical analysts, they will also think that bitcoin is already overbought so it needs to be corrected and they sell it to save their profit. You don't need to worry if you see bitcoin price fall because sometimes a decrease in price is very reasonable for a healthy price movement.

[bitzizzix]

I think bitcoin's downturn is normal nowadays and is still trending at a good price, and even though there are big investors selling it, it has become commonplace and that's how investors work to make big profits when bitcoin prices go up.
Don't panic buddy, everything will be fine and bitcoin will bounce back and there will be lots of new investors who will be involved in bitcoin, you should take advantage of buying bitcoin when it goes down and holding it.

[inanilujimi]

where did you go when bitcoin increased in a short time after getting the 2017 ATH?
patterns like this have become a tradition depending on how we respond, if you panic then regret will always come too late, but on the other hand, if this is an opportunity to get a cheap price, of course you know what to do!

[bassbity]

What bitcoin investors want is greed to be taken personally or by the bitcoin investor community, but only 1% of them are moving the market. So this will only be the first time that supply is even higher to break the $ 50,000 - $ 60,000 line. but almost of us all expect even more corrections to make room for small traders to have more bitcoins under 0.01 bitcoin. unfortunately this opportunity doesn't look like last year.

[Silberman]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

For what I have read it seems that they began buying bitcoin again after the first drop in the price however they are not the only investors in this market if whales have decided to begin to get rid of some of the coins because the price is too attractive for them then not even them are going to have enough money to be capable to absorb all of those coins, and when the supply exceeds demand then we know the price begins to go down, which is exactly what we saw.

[kramat]

Bitcoin price is increase fast. But bitcoin price is slowly down the price. So wait and watch the price increase and decrease the price. If price will be decreased that time you will invest it. Then wait for the price increase. That time you sell or exchange the any coin or money.

[sterle]

why so scared? i think 24k will be actually a good salty correction

[Natsuu]

why so scared? i think 24k will be actually a good salty correction

I don't think it will come to that within these 3 months' time. maybe about 27-28k then bounce back again. Pandemic is still in action so I don't see any good reason why would it fall below 27k. Though I'm still hoping for a 38-40k high trend for this week.

[Bitcoin577]

Bitcoin off course  down too much amd even some experts said that orice may be fall to 20k. This will be great concussion to short time investor. But thanks God price now again pimping slightly which signs that price can be raised .
Long term investors should not worried about that.

[Ultegra134]

why so scared? i think 24k will be actually a good salty correction

I don't think it will come to that within these 3 months' time. maybe about 27-28k then bounce back again. Pandemic is still in action so I don't see any good reason why would it fall below 27k. Though I'm still hoping for a 38-40k high trend for this week.

I'd be f**ed if it goes down that much, I don't believe (Or hope at least) that it does. I bought 0.02 BTC a few hours ago, at approximately $31.500. After observing the price, I came to the conclusion that it has stabilized somewhere at that point. Let's shall wait and see, whether my investment bears fruits or not.

[iv4n]

With every drop we have this kind of threads... I don't understand it, from $10k to $40k in less than a month, and now drop to $31k is surprising!? Well it's going up again, it's +$33k!
This is a crazy time, I am expecting correction, to be honest about that, but as I see the price is holding pretty well at +$30k, and I am not sure what can happen in the next few months, but I sold the top and I have money for buying, so if it drops I am buying... I have some BTC if it rises I have what to sell, I like to think I covered my positions, and I advise others to do the same... even thou I think it's not the right time for buying for the long run, as I said I expect some correction, I can be wrong about that! Anyway people should make their own decisions what is the best thing to do right now!

[milewilda]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

Knowing everything is impossible because we dont know on whats actually happening behind the curtains.Yes, we can presume that those big institutional money
is already flowing into this market thats why tendency or chances of crashes or serious corrections might really be connected into those big players into this market.
This isnt something new though even on traditional markets, those who hold a lot would always have the significant position on any things that they do engage on.
Bitcoin down a lot? Its a word that can really be read up mostly in noobs that who havent been familiarized into this market but if you've been here for a while
though then you would see this just an ordinary day.

[dre1982]

Well its recovering fast at this moment . Its already back at $34000. Wondering where this would end.

[STT]

Its a pretty resilient comeback, recovered above monthly and retained 50 day as support.  just passing 2 day average tonight, its fairly bullish still.   Overall its in consolidation is my take and I think it takes its time overall to even out between bulls and bears.

[Baofeng]

Well its recovering fast at this moment . Its already back at $34000. Wondering where this would end.

Yes, just show us that bitcoin is really very resilient, although I'm expecting a good recovery after the fake news of double spending has been debunked by Andreas. It's weekend though, so I'm not going to expect a super fast bounce back. Monday will be the time, so this is still a perfect time for us to buy some small portions if we can, #stacking sats. And I will say that $41k-$42k will be the next stop after this consolidation.

[Wulan_maniez]

Right, bitcoin is indeed down a lot this January. Like  his rapid rise. But  bitcoin is  immaculate when correcting its price to decline. He sideways in nearly
two weeks with a significant increase. This  situation is good,  you  don’t have to  panic about the decline  that  bitcoin is  doing. Because  investors also
want to make a profit. So they did. If you’re going to hold on long term, it’s nothing to worry about. If you hold a short term, the current situation gives
you the opportunity to enter and exit at the price position you have targeted.

[error08]

For an obvious reason, many people are involved in the bitcoin sphere, and some of them want to take the profit. It's not a bad thing for all of us because there are plenty of investors waiting for a lower price to enter the market. We can see how the price bounces back after a brief dip, it's because the demand for bitcoin still considerable great.

[jaocoincrypto18]

Leverage traders. Whenever a crypto bull run starts you’re going to see a lot of leverage traders buying heavily in the crypto market. Once a selloff starts it triggers a bunch of stop sell orders and the traders (who didn’t start the selloff) massively liquidate their positions and the price shoots down.

[Febo]

Bitcoin is down a lot

Price decreased 25% in two weeks time. That is not very little but is definitely not a lot. In past we saw 20% price drops in a single day. It is totally normal that after such long growth price start decreasing for some time. Price went up almost constantly form March. So full 10 months. It had few weeks stops. but almost no declining.

[Hippocrypto]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

It would be better to accumulate your holdings now while the downturn initiated a huge percentage. Every opportunity should be grab, and what I see here now that there's another waves coming, so don't ignore those potential profits. This has dropped so fast due to long term holders, that's why there's nothing to worry all about just keep on pushing towards.

[exstasie]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?

Buyers like Grayscale are scaling in OTC and with algorithmic orders on exchanges, on an on-demand basis. Their accumulation is definitely bullish when considering mid term and long term time frames.

In the short term however, they don't wait with bids open on spot exchanges, propping the market up. In this illiquid market, retail traders and investors are capable of causing a crash.

[Silberman]

why so scared? i think 24k will be actually a good salty correction

That is simply the way people are, we must also remember that not everyone bought at a price of 20k or lower, many bought when the price had increased significantly already and are now worried that if the price keeps going down they will being to lose money and they do not like this one bit, right now the price is close to 30k and I think it will remain there for some time as the market does not seems as if it has enough strength to make it to 40k if things continue in this direction.

[Jhanzo]

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

[Wysi]

What would just one institutional investment do to Bitcoin? There are dozens of not thousands of institutional investment which has been pooled into Bitcoin and there would be numerous factors due to which value of Bitcoin will fall down. This is the nature of bitcoin wherein various factors decide the price and I wish we would overcome this dump as well eventhough I have doubt whether we will recover from the dump or not.

[Reid]

But they don't own the highest percentage of Bitcoin out there.
You cannot really tell who is moving the market.
It could even be just small investors who dump their bitcoins at the same time.

I would not worry much about it. It could also be a correction for the speedy pump that had happened which is almost impossible for other investments out there.
I am still thankful it got this this far.

[LUCKMCFLY]

It is that the price can fall to $ 20k, then recover to $ 30k again, everything is possible, it can even go as high as $ 10k, the good thing is when the true bullish trend starts, that's where all the good will start, a new ATH difficult to predict, the limit is the sky. In this market everything is possible, for now the consolidation in $ 30k is what should be used the most for investment, trading and getting the best out of it.

[Kemarit]

But they don't own the highest percentage of Bitcoin out there.
You cannot really tell who is moving the market.
It could even be just small investors who dump their bitcoins at the same time.

I do think that investors are now shifting to other investments, could be either stocks on other crypto itself, those small investors have dump already when we reach the top.

I would not worry much about it. It could also be a correction for the speedy pump that had happened which is almost impossible for other investments out there.
I am still thankful it got this this far.

But I do agree that we don't need to worry that much. This is just part of the market correction, of course its sad and frustrating to see our portfolio down, but we have to look at the look term. I'm down like 4 digits as well with the recent correction, but I'm not that nervous or in the panic mode.

[GeorgeJohn]

But they don't own the highest percentage of Bitcoin out there.
You cannot really tell who is moving the market.
It could even be just small investors who dump their bitcoins at the same time.

I do think that investors are now shifting to other investments, could be either stocks on other crypto itself, those small investors have dump already when we reach the top.

I would not worry much about it. It could also be a correction for the speedy pump that had happened which is almost impossible for other investments out there.
I am still thankful it got this this far.

But I do agree that we don't need to worry that much. This is just part of the market correction, of course its sad and frustrating to see our portfolio down, but we have to look at the look term. I'm down like 4 digits as well with the recent correction, but I'm not that nervous or in the panic mode.

Shall in addition I will say that irrespective of what happened to market, market is still  remains correctable, and we should not keep hope or hoping that recent corrections is in favour of everyone, it's obviously that in investments platform some people benefits and some lost and it's nature of business everywhere.

[Saisher]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

Gray investor are not the only one who contributed to the price of Bitcoin and why we are having a bull run, there are whales who are also doing this and there are also group whales that are selling their shares, investors small and big have different mindset and motivation at different times, because there's no group of big group that controls the market, we will have a big pump and a big dip if they unite and agreed to sell or buy.

[wheelz1200]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

Thats just crypto.  It has been this way since the beginning and probably won't change for awhile.  Bitcoin can go down under $20k and it can be as strong as ever.  It can go to $50k and be as weak as ever.  Welcome to crypto

[sana54210]

Gray investor are not the only one who contributed to the price of Bitcoin and why we are having a bull run, there are whales who are also doing this and there are also group whales that are selling their shares, investors small and big have different mindset and motivation at different times, because there's no group of big group that controls the market, we will have a big pump and a big dip if they unite and agreed to sell or buy.

Grayscale is one of those investors that helped. Let's not act as if they are the only reason I agree with that, but let's not act as if they had no role in it neither, we are talking about 500k+ purchased from the market and no longer in the market, buying and holding helps bitcoin price stay up and they did that in a massive massive scale.

Sure the price did increased aside from them as well, there must have been so much more people who bought and hold since then, maybe at least that much or even more, liquidity is getting lower and lower which shows that people buy bitcoin and hold it and not sell it, however we can't argue that grayscale wasn't a part of that neither. We are in a bull run for the past 1 year and we can say that we have done marvelous job at that as a whole, every single person who has bought bitcoin and hold it is part of this increase.

[Natsuu]

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

I doubt that, the popularity of BTC really increased in 2020 and still increasing in this year as pandemic has not yet subsided. What I mean is that, the milestone might be a good reference, but if you are seeing that way, you might also consider other factors such as popularity of it.

I'm still really seeing this through until it reaches maybe 50k then sell. And might then see if it goes up or down without any regret in my side

[Jhanzo]

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

I doubt that, the popularity of BTC really increased in 2020 and still increasing in this year as pandemic has not yet subsided. What I mean is that, the milestone might be a good reference, but if you are seeing that way, you might also consider other factors such as popularity of it.

I'm still really seeing this through until it reaches maybe 50k then sell. And might then see if it goes up or down without any regret in my side

That comment was made before all the news happened. After musk's tweets and the $1.5b purchase caused various big companies to consider their options (and speaking about it) I pretty much doubt we'll go down to $20k anytime soon unless big things happens.  Still, I think a bottom at around $35k would be possible in a month or two after all these hypes dies down.

[cryptomaniac_xxx]

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

I doubt that, the popularity of BTC really increased in 2020 and still increasing in this year as pandemic has not yet subsided. What I mean is that, the milestone might be a good reference, but if you are seeing that way, you might also consider other factors such as popularity of it.

I'm still really seeing this through until it reaches maybe 50k then sell. And might then see if it goes up or down without any regret in my side

That comment was made before all the news happened. After musk's tweets and the $1.5b purchase caused various big companies to consider their options (and speaking about it) I pretty much doubt we'll go down to $20k anytime soon unless big things happens.  Still, I think a bottom at around $35k would be possible in a month or two after all these hypes dies down.

Going down to $20k will result in more than 50% of the market going down, so I agree that I also doubt that it will happen anytime soon as the market is very bullish this year. There is no hype, this is real bull run that we have seen so we might see some price correction but not that heavy and on the contrary, $50k is the next target. So the future looks very bright at this point.

[btc78]

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

The  what can you say now that Bitcoin is " UP A LOT "? you people keeps fudding the forum when the price are dumping but silence your mouth when the price is Pumping , why not be fair ? to also Make a thread when it rise and when it falls?

But dont worry once the 50,000 level had broken , you'll forget this post and for sure will rejoice in continuous growth that will bring you more than enough gains.

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

we already seen 27,000 last January so  seeing another 20k soon ? i don't think so , it will come i believe but not this near .