MinoRaiola
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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/q9vmnsZhere the picture in direct view. and yes, these charts are currently very strong across all media. somehow we are no longer impressed by the drops and are seeing even higher prices at the moment. So trust in bitcoin is stronger than ever. a strong bullish sign. i hear that many see the months of february and march as a correction. partly i think so, but we should include the development of corona and when the easing starts, i see an upswing here.  |
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blckhawk
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February 27, 2021, 12:07:32 PM |
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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
It could probably a sell-off. Correction is just normal in the market, expect that after such increase or growth there will be some individuals who try to take profit. This sell-off could perhaps leave a panic for new investors that causing them to sell as well. They had a fear that the run might be over. Anyway, these correction is healthy for the market besides, this will be an opportunity for us to buy at a cheaper price. And usually, after a correction, there will be a pump coming right next to it so there's nothing to worry about. |
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pinggoki
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February 27, 2021, 12:15:10 PM |
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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
I think that the dump of the bitcoin price yesterday and today is normal because we all know that the volatility of the bitcoin was really big and yet compared to the past months it is quite bigger but it is also because the price of bitcoin is big then the dump was normal due to it's price compare to the price for the past few months. I've notice that many people are being afraid of what happened today and yesterday due to the dump, I will say that it is normal and it is just part of the price correction so don't be nervous and scared on it. |
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DoublerHunter
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February 27, 2021, 12:24:23 PM |
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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
I think that the dump of the bitcoin price yesterday and today is normal because we all know that the volatility of the bitcoin was really big and yet compared to the past months it is quite bigger but it is also because the price of bitcoin is big then the dump was normal due to it's price compare to the price for the past few months. I've notice that many people are being afraid of what happened today and yesterday due to the dump, I will say that it is normal and it is just part of the price correction so don't be nervous and scared on it. ^ We don't know the exact reason but probably the reason is there are institutional investors that trying to manipulate the price of BTC, I saw on the whale alert group that there are too many big transactions transferring into an unknown wallet. Or probably, the tweet of Elon Musk regarding the "BTC is BS as fiat". Nevertheless, there are too many factors to consider but let us hope that BTC price will not go down beyond $20k in the market. I know that this was expected that there is a dump after a bullish trend market. |
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Jordi129
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February 27, 2021, 12:56:47 PM |
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Market corrections are bound to happen during the bull market. This time around I think a lot of it had to do with Elon's dumbass saying he believed that both bitcoin and ethereum seemed "a bit high lol", they both dropped as well as recent negative press from Janet Yellen, Charlie Munger etc. market to keep rising, there has to be Buy every dip and watch the market closely. The market had a lot of correction recent vull market before it reached it's last ATH
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BIN-BIN
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February 27, 2021, 01:18:51 PM |
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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
I don't see the present market situation as a dump in the bitcoin market all I see is just bitcoin having some price correction before it goes up again. Just keep following the market and you will see what happen in no time from now. |
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buwaytress
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February 27, 2021, 04:42:07 PM |
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Pretty nifty to try and count the dips and predict how many more you get before the top, but gotta be mindful that at least the last couple of swings upwards (and maybe the last one downward) were rather inorganic. Not saying they were all Musk-induced, but loathe as I am to say, there's got to be a fair bit of credit to him.
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Kusman
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February 27, 2021, 07:54:42 PM |
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No investment tool ever goes up forever. currently the price is 47000 dollars. I think this is not a dump, just a small drop. bitcoin may still be in bull season.
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just_Alice
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February 27, 2021, 09:53:21 PM |
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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.
What you say is rational. But out of fear most people tend to do irrational things, they can't look far ahead. Imagine someone had invested a large part of his assets in Bitcoin and when the price is dropping that person feels like he's losing all of his money. So the logical thing to do is to prevent even more loss, not to invest in something that keeps dropping. When situations like this happen and there's a massive sell-off we can conclude only one thing: most people don't truly believe in Bitcoin. For it is a true nature that reveals itself in critical situations like this. |
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Kelvinid
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when lambo...
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February 27, 2021, 10:25:06 PM |
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There is nothing to wonder why we have this NORMAL kind of scenario, pumps and dumps have been here for so long, and most likely, it is not a thing to worried about coz it surely will come. If we saw the declines in the past next to Bullrun, still we can experience it this time but if we take a look at the chart, the market remains high. Not even to see huge correction unlike what we experience last 2017.
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Nikola95
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February 27, 2021, 10:32:27 PM |
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It's expected. This coins are rising only when big money is coming in. I think it's not big dump actually. Let's wait and see what will happen when market become bear market.
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gurunanakji777
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February 28, 2021, 06:57:23 AM |
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Its a normal movement of Bitcoin and we should also prepare for this when we have seen a huge bullish move of BTC. There is no reason behind the drop its only a market correction phase and one should not be worried about this soon we will see another bull wave after this correction till then be patient.
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DapanasFruit
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February 28, 2021, 07:36:55 AM |
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Maybe the market is looking for some big good news but could not find it anywhere or maybe the market is just not interested with anything that can stop its sour mood...there were many times in the past that the market just go down for no reason at all. This is just another normal cycle with Bitcoin and though it can be alarming to see the value of the Bitcoin we are holding go down, we can continue holding into it or we temporary parked it on a stablecoin for some protection and then later on determine when is the best time to reenter the Bitcoin market.
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MCobian
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February 28, 2021, 07:56:40 AM |
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What is happening to Bitcoin right now is not something to worry about, because Bitcoin corrections to $ 35k are still normal in my opinion.
Because it is impossible for Bitcoin price to be bullish throughout the year without correction, I admit that the current decline in Bitcoin prices is
quite deep compared to my previous predictions which may only be up to $ 45k. But today Bitcoin managed to drop to $ 44k, it looks like in
the next few days Bitcoin price will still fall again. But it's not possible to drop below $ 35k, because for this year Bitcoin's fundamentals are very strong.
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taufik123
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February 28, 2021, 09:11:19 AM |
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You can't go only up, even with Elon Musk and Jack pushing it up. There's always a need to release the steam a bit from that amazing race the bitcoin has taken in the last few months.
When you turn the price into USD and you'll see big variations in thousands it's scary but if you look at the percentage you'll see that it's almost nothing.
agree with what you said. Not only can it go up and up, there will definitely be some corrections even though Bitcoin is pumped up by some people such as Elon Musk and other influencers. People always want to go up and keep going up. Some people take advantage of each increase to cut their profits because they see the market is too bullish and the market will be saturated. This price reduction is quite normal. The decline in prices was also accompanied by several FUDs spread by influential figures such as Billgates who said that bitcoin was a threat to the earth and Warrnet Buffet said bitcoin would return to Zero. |
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Question123
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February 28, 2021, 09:21:42 AM |
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Bitcoin price is unpredictable so why this week we see also dumping of price not all the time the price will up because people also try to sell their bitcoin because maybe they need money or their target already reach but not good if you are selling your bitcoin because you panic which is wrong. But because is that your bitcoin is depends to you but you need to consider also that because of the dump it will happen also the pump because people buy it once the price is very low.
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Pamadar
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February 28, 2021, 09:38:49 AM |
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What is happening to Bitcoin right now is not something to worry about, because Bitcoin corrections to $ 35k are still normal in my opinion.
Because it is impossible for Bitcoin price to be bullish throughout the year without correction, I admit that the current decline in Bitcoin prices is
quite deep compared to my previous predictions which may only be up to $ 45k. But today Bitcoin managed to drop to $ 44k, it looks like in
the next few days Bitcoin price will still fall again. But it's not possible to drop below $ 35k, because for this year Bitcoin's fundamentals are very strong.
No onw can exactly predicts what may happened tomorrow, for now this drop really affects the whole market. There are investors who might be cutting their losses and waiting for another position. Strategy that may work if the current drop find another support level and start to biunce back. If you are a long term investors there's nothing to worry as history already shows that everything will be okay when the bull start to pumped back. |
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ninabobo
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February 28, 2021, 05:20:36 PM |
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I don't have the foggiest idea when you got into space however it is a typical rectification, until further notice, to build up another base for the impending run. In the event that you take a gander at where we are only 4 to 5 months prior and somebody referenced BTC will exchange at $46k you will bounce on that offer, the main thing presently is for $38k backing to hold since I have an inclination we will probably contact that zone. In the event that you are hoping to get the time has come to convey more capital into BTC on the grounds that I have an inclination the $72k territory is coming very soon.
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Khaos77
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February 28, 2021, 05:29:25 PM
Last edit: February 28, 2021, 06:01:52 PM by Khaos77 |
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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
People taking a FIAT profit , because their is a fear (not unreasonable) that the price of bitcoin and crypto is about to tank. So people not members of the bitcoin cult are cashing out. Because at the end of the day, the majority of goods & service purchases are in fiat not cryptos. |
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Vishnu.Reang
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February 28, 2021, 05:41:56 PM |
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Only the individual investors are selling their coins. Institutions are holding to their coins and some of them are making new purchases. When Tesla releases it's next statement, you will get to know how many coins they accumulated during February 2021. Obviously some of the individual investors are booking profit, but there are also a lot who are doing panic selling right now. I don't understand these people. Even after 12 years, don't they know that panic selling is the single most curse in Bitcoin sector?
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