Bitcoin is down a lot

[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.

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[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