Bitcoin is falling down. Is it the end for it?

[stomachgrowls]

Every rise and fall sudden predicts an end for cryptos.  Why is that? Why do this phobia gets instilled in the minds of those that aren't really sure. Not like any of us really are, we are going to get out at some point and beside bitcoin, we've got other careers of our own at least most of us but then, the rise and fall is much needed for a healthy market. It can't be one direction all the time. If it continues to go up and doesn't retrace at some point, then the market is definitely going to crash. These rise and fall exists to create some bias in the minds of people and thats where the value comes.

For people who had just recently dived in into this market then they would really be having these kind of common impressions or words like;
-Bitcoins gonna die
-Its over, it would be heading down to $0
-Bitcoin gonna be controled by government
-Bitcoin is scam
-Bitcoin is used for money laundering and illegal things.

For price matters then volatility can be neither affected or not by FUDS and shills but dont ever consider that price decrease or crash
would end up for bitcoins price to fall down to the floor.

[oktana]

What I find saddening about the recent prices is that they are manipulated by tweets and news, etc. This is just one bad part of crypto to me. If Elon makes a tweet about Bitcoin, Boom! It's up by 5K, and then a dump. Actions like this aren't good for this space. We really need real investors; not people who dump on us (and yet they some of them make a loss).

[Kamarah]

That's perfectly normal. Reduce it again! If you pay attention after each bitcoin discount for a long time, it makes people worried or lost or losses. After that, the price Bitcoin increased quickly to get rich for those who boldly store Bitcoin. Many years the Bitcoin market kept increasing so continuously so you are not too worried. Currently the whole world is influenced by Covid19 epidemic so economic recession. So Bitcoin discount is normal it will increase in a short time.

[EncuentraCerca]

corrections are normal, but institutional acceptance is a given and should lead to higher prices for btc

[bakasabo]

Topics like that must be moved to off-topic. Every time Bitcoin looses few thousands, such topics appear like mushrooms after the rain. OP you can ask your question about the end to those who bought Bitcoin at the price of $20k and waited more than 2 years before price recovered. Current price down is just a weak gust of wind, this is not a fall down. We just stepped back for 1 month. The price is almost identical to March price.

[jjdub7]

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

We are definitely seeing a slowdown in the current rally and a very strong resistance to the $ 60,000 barrier. I think we have a long time ahead of us, maybe a few months until we get to the next rally and the next bullish cycle. Until then, the price will range from $ 50 K to $ 60 K - $ 61 K most likely.

[ILuckyGuyI]

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

In my opinion, it's like another recession period for Bitcoin. The price is at $54k right now. I feel like we will continue to see the price staying at these levels for some time and a new ATH after that.

[gurunanakji777]

I would say BTC is preparing for another storm but it will take some time to break again its ATH. We can not expect BTC to be in rising mode always. BTC is in the correction phase at the moment and we should wait for some time to come to any conclusion. We should not be panic by drops as its a normal behaviour of the BTC and we have seen such drops many time earlier. Now maybe we will see more consolidation before the market re-rises.

[pinggoki]

The most significant aspect of the cryptocurrency market is that it will fluctuate over time.  If anyone thinks that the cryptocurrency market is always upward, he is under the misconception.  At the moment Bitcoin is moving upwards but for quite some time Bitcoin has been running downwards.  No worries, Bitcoin will soon reach its peak again.

The most significant yet the most dangerous one because anytime the cryptocurrency where you invest your money may fluctuate downwards in which you may burn all of your money in an instant or in a one-time sleep, but don't worry everyone as we can see that the market correction is just starting and yet we are clearly seeing that the bitcoin is very close to the $60,000 peak so let's just wait for it because I believe that it will surge again.

[arabspaceship123]

What's more surprising are the incredible number of new accounts creating those threads. Some ask forum members views on topics that aren't even relevant or repeating what's been asked in similar threads. Maybe they do it because they think it's a good way to increase their forum presence.

After every dump people creates incredible amount of threads like this here

[Cryptopher]

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

It would take something major to destroy Bitcoin specifically. The most likely scenario is that a downtrend would form and there would be a significant drop in price over the coming months. There is a lot of institutional money and individual major holders propping things up longer term, so I wouldn't imagine anything nearly as significant than what we saw the last cycle.

[Alucard1]

Bitcoin is used for this moment, we have already seen bitcoin doing things like this so this price movement is natural and there is no something new for it, if you are thinking that bitcoin could go lower by about $20k then I maybe you are thinking the things that happened way back 2017 but then it won't happen because a lot of things have already happened. I just noticed that a simple post from Twitter or any social media platform can change the market value of cryptocurrency, especially when someone who has big-name has tweeted something about bitcoin or any altcoin, bitcoin is still there, we can still see it reach $100k withing this year.

[arabspaceship123]

After Bitcoin was taken up as opportunities for institutional investors it's had a big impact on Bitcoin value. They wouldn't sell in short term they'd hold longer and ride out dumps. That's played a significant part in promoting cryptocurrency too.

It would take something major to destroy Bitcoin specifically. The most likely scenario is that a downtrend would form and there would be a significant drop in price over the coming months. There is a lot of institutional money and individual major holders propping things up longer term, so I wouldn't imagine anything nearly as significant than what we saw the last cycle.

[supine]

No matter what happens next I am already grateful about the price,
If it is the end of rally and start of bear market then let it be but if it is just getting ready for another storm then we should wait and see how strong the storm would be and how high it would push the price.

[bandungan]

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

this is purely a temporary correction, look at the decline in bitcoin does not take place every day drastically there is a position of bitcoin down and stuck at that price. we are talking realistically this is a painful decline but we can be patient and see the bitcoin trading chart if bitcoin is currently only down temporarily and will be able to increase in some time to come.

[ECOS_CloudMining]

Obviously, it is just a pause. It’s an usual action for the market not to be at a stop. It’s great that the market is dynamically developing. If we look at the BTC use in different spheres, we can be sure that it’s not the end of BTC, maybe it’s only the beginning of BTC growing this year. Tesla, Visa - 2021 is connected with new companies who now accept BTC.

[quins]

But why falling down the price of BTC right now in $48,000. it is sign of BTC back to normal price?

[Vaculin]

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

There is no reason why we should be desperately thinking about an ending journey of Bitcoin. Not, this time and possible there is no such thing to happen in crypto in general.

And if you can figure it out, countless times that the market turns like this but what we have seen is that market price recovers and rise back high. We are never be at an all-time high forever, so as expected dumps will come out again. This is not an untold story for crypto and I think, we don't need to feel worried despite this new challenge.

[Dave1]

But why falling down the price of BTC right now in $48,000. it is sign of BTC back to normal price?

This is just an obvious correction, market will always have to correct itself like every month.

And at $48k, I would say that it is a healthy sign for us. We need to take advantage of this situation. So instead of complaining and panicking from the falling price. Everyone should take advantage of it, btc is now on a super discounted price, 20% off, so what do everyone waiting for?

[matchi2011]

But why falling down the price of BTC right now in $48,000. it is sign of BTC back to normal price?

Do Bitcoin have a normal price? not sure about your question but this current situation is just part of the cycle. It's not always
the price will rise.

There's always correction and downfall, traders and investors who managed to bought their assets way back when the value
still cheap are now enjoying the benefits.