Adamini (OP)
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January 22, 2021, 02:29:03 AM |
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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
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tinopener
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January 22, 2021, 02:31:17 AM |
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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.
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cryptoaddictchie
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January 22, 2021, 02:43:24 AM |
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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.
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TravelMug
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January 22, 2021, 03:15:43 AM |
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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/666833But 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.
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DoublerHunter
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January 22, 2021, 03:41:21 AM |
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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.
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mk4
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January 22, 2021, 03:59:09 AM |
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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.
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rokon1234
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January 22, 2021, 04:27:04 AM |
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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.
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acener
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January 22, 2021, 08:22:50 AM |
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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.
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Poker Player
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January 22, 2021, 08:31:49 AM |
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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.
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rodskee
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January 22, 2021, 09:17:34 AM |
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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.
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torrantz
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January 22, 2021, 09:30:32 AM |
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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.
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Lorence.xD
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January 22, 2021, 09:37:50 AM |
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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.
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█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
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raidarksword
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January 22, 2021, 09:44:21 AM |
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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.
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waelov
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January 22, 2021, 09:44:40 AM |
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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.
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Jawhead999
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January 22, 2021, 10:02:40 AM |
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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.
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ashmodeus
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January 22, 2021, 10:10:15 AM |
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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.
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iTradeChips
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January 22, 2021, 10:19:03 AM |
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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.
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dre1982
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January 22, 2021, 10:26:19 AM |
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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.
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xSkylarx
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January 22, 2021, 10:29:06 AM |
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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.
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Ultegra134
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January 22, 2021, 10:39:14 AM |
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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.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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