Bitcoin is down a lot

[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.

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[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 .