Bitcoin is down a lot

[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.

[1715190623]

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[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.