btc dump today and yesterday

[AboutThreeBitty]

Good moment to jump in? Kinda hoping it's going below 40k then get and hodl.. not sure

[1715458900]

1715458900

[1715458900]

1715458900

[1715458900]

1715458900

[1715458900]

1715458900

[Ryker1]

Good moment to jump in? Kinda hoping it's going below 40k then get and hodl.. not sure

Well, that is a very complicated question that I even did not want to answer. It is your money, have your own research is far better than asking others and relying upon them. Bitcoin fluctuation is normal just because there is a fixed amount of bitcoin and the transaction daily was continuously growing up because there are tons of traders who made transactions daily. This was expected by most holders that there is a short pullback right after a massive increase of the bitcoin price. If you think that is a perfect time to jump in or wait further, it is up to you. Bitcoin is very volatile and if you invest and take profit for the next 5 years of holding, perhaps that is good advice.

[carlfebz2]

what  is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger 
Cheers

Who knows?

These are typical days here on crypto and yes these pumps and decrease are somewhat big on particular days and there are several reasons like adoption news most likely and some days are just random pumps without everybody knowing on whats the reason.

One of the hardest thing on why people do really struggle on dealing with this market due to moving prices in random behavior.

Your experience will be the key for you to sustain on this field.
if not then expect loss even though its inevitable but somewhat can be handled.

[Rruchi man]

Well, regardless of the dump, smart hodlers will know that this is a temporary setback for a comeback. Ignore the dump, hodl your btc, if possible, seek to buy more. The comeback will be massive.

[Sled]

what  is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger  
Cheers

Of course, it is totally different from the past as the market moves now and then. if we just saw the price moving down in the past days is that because the buying demand is low compared to the selling. To check the price history, it shown several times having this and therefore, we can expect that all it comes to a growing trend but we are also vulnerable to market change and that we're no escaped with dumping scenario.

[ReiMomo]

Why did all you guys worry about the correction? That is normal for the bitcoin or in the crypto market in general to have a volatile price.
In fact, if we will check the graph of the price this year over last year, we are still on the bullish trend, don't cry if that is dropped for a while because it will I guess refuel again to become skyrocketing in the next month and who knows that will happen.

Crypto price is unpredictable, if you don't know how bitcoin and crypto will work, don't put all your money there because you will I guess regret in the future when there is a dump and will result in panic selling, which is commonly experienced by most weak hand holder.

[Twinkledoe]

Why did all you guys worry about the correction? That is normal for the bitcoin or in the crypto market in general to have a volatile price.
In fact, if we will check the graph of the price this year over last year, we are still on the bullish trend, don't cry if that is dropped for a while because it will I guess refuel again to become skyrocketing in the next month and who knows that will happen.

Crypto price is unpredictable, if you don't know how bitcoin and crypto will work, don't put all your money there because you will I guess regret in the future when there is a dump and will result in panic selling, which is commonly experienced by most weak hand holder.

I think those who are asking this kind of situation are new to crypto. If you have been here long enough, you very well know that there will be up and down movement in this market. It is not always going up or going down. So what the OP is seeing is just normal in btc market. But you can't deny the fact, that some of these people are already in panic mode especially those who bought their first satoshis above 45k level.

[rodskee]

I think, this is just normal correction and good time to buy before bitcoin and other cryptocurrency will bounce back again. Maybe many people sold their tokens which caused a sudden drop but still far from what happened last 2017. I think not only the weak hand who adding up to the massive sell off but also those who are in need that rush to sell their tokens. This dump is what traders want because they can make profit out of this.

those who had been waiting for a chance to sell out since December are now taking the advantage , and selling all their stuffs and wait for another dump.


though there are many that afraid to sell because of the chances that they will left behind when the price starts to spike again.

But i'm lucky enough to get the right timing of buying and selling and now I am once again keeping the hold .

If this would take a months or years? i am already at set.

[LogitechMouse]

Markets move in cycles and this is a normal correction.

We've seen numerous scenarios like this back in the past. When we are in a bull run, there are times that we are experiencing drops of ~20% or even more before it goes higher. There is no sign of a trend reversal still so we are still in a bull run.

[pefax75]

C/P
Bitcoin has the media’s attention, money printer is about to go brrr like crazy, institutions are watching other institutions go in BTC and are on the fence of when to do so themselves, Coinbase goes public, Canada opens a BTC ETF, Micro Strategy and Square put even more money into BTC, and everyone’s all doom and gloom here because we’ve sideways for a bit lmfao c’mon guys to me this seems like the perfect storm, just give it time

[siopis]

For me its good news....
I still have some money to load and wait for the best time to buy.

[Mr.sprin]

when the price of bitcoin drops there is a great opportunity to buy because bitcoin is slow or sooner the price will go up again, don't waste this opportunity to get big profits.

[pakhitheboss]

This is normal, you cannot expect it to rise up. It will go down also, people are booking profits now. Bitcoin needs to go through correction if you want it to go up again and creat a new ATH. There is nothing to panic, I am also expecting a major correction. Bitcoin needs to find a strong price support. So far it is getting it at 46k.

[Lewan]

The market continues just as it started the week. We started with red on Monday and we're still going red. Bitcoin is now at 47k levels. I think it will reach 52k levels with a small increase on Monday.

[Lorence.xD]

This is normal, you cannot expect it to rise up. It will go down also, people are booking profits now. Bitcoin needs to go through correction if you want it to go up again and creat a new ATH. There is nothing to panic, I am also expecting a major correction. Bitcoin needs to find a strong price support. So far it is getting it at 46k.

It is actually a good thing that the prices are going down, everyone can buy more bitcoin at an affordable prices. I agree that it needs to find a strong support but I don't think that we shouldn't worry about it, companies are getting in good terms with bitcoin and this dump won't last forever, the prices will spring back up higher than ever before, we just don't know when will it happen.

[FlamingFingers]

what  is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger 
Cheers

The harder the correction, the bigger the pump, correction is normal but we need to be wary of it, bitcoin price rose up more than expected and a huge correction was expected, if you are a holder you should not be more worried about btc dump because they are less meaningful, because the market will definitely bounce back a day trader will mostly feel the impact of the dump. Most of day traders are either been get stopped by stop-loss or get liquidated when such huge correction takes place

[ethereumhunter]

when the price of bitcoin drops there is a great opportunity to buy because bitcoin is slow or sooner the price will go up again, don't waste this opportunity to get big profits.

Yes, it is. But most people will panic and do fast selling off their bitcoin and do not see the opportunity to buy bitcoin at a low price. When the price is back to rise, they realize that it is too late to buy back at a low price and they should accept the current price if they want to buy bitcoin. The dump of bitcoin price will always happen, but if we can anticipate the dump, we will not panic and we can use that time to buy more bitcoin at a low price. Behind the dump will always a pump that will come.

[adzino]

what  is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger 
Cheers

No it's not bigger. Look at the percentage of the drop, not the amount it dropped by. You will see the price dropped in percentage is "very normal" when compared to previous years. And you should have expected this. The price won't be going up forever. A correction is always healthy for the market. It enables new investors to join the market.
The only "reason" is that people are cashing out on their profit.

Weak hands selling off is one of the main factor on the multiple dump since yesterday. Since coinbase news didn't fully stop the bears yesterday, Weak hands are now selling in able to exit with profit before there position got loss if the long bearish season occur. Most of this sellers are those swing trader that bought when coinbase news released.

What coinbase news are you talking about?

[veznata]

I think there were seven 14-35% "dips" before the final crash in 2017.
Here is an image of the 2017 Bitcoin bubble before reaching the top.
Probably it will be something like this again in 2021. Time will tell.
https://ibb.co/q9vmnsZ

[xSkylarx]

We already dumped few days ago before that and based on the chart at that time, there is a dump to happen again which is yesterday. Correction is normal and healthy for bitcoin because some people also want to take profit. You would not want to invest on something if you can't get anything from it. Bitcoin is stable now and some alts have started pumping so I think bitcoin will reach $50k again soon.