What happen to bitcoin price?

[Danydee]

I'm thinking of thing, that's much contributing to the instability and the volatility of the price;  (the block size limit) and also the very high fees "imposed" peer time to the transactions ..  this is a high discouraging factor from transacting .. so that's make situation of >>  users discouraged / restrained from acting freely, > critical decreasing, refraining of transactions > lower transactions  number = low/no velocity > lack of velocity = broken/hurted stability = crashing factor !    

[BOAEDAN]

I don’t know for all those that are always trying to make up stories on why the price of bitcoin is going down. People usually do this all the time, they try to look for reasons and then create stories why they think that the market is crashing and then they started spreading the news around. So, we can’t really tell, all we know is that the market is going down and this is not the first time it is happening, it can possibly be that some whales or institutions are selling their coins, and that’s what is causing it or the cause can be something else that led to it. As for the miners, I don’t know anything about it.

I am never what have on their mind because when bitcoin on the top price they want to see bitcoin back to lower price maybe dump about 10% or 20%, but when bitcoin really going down yesterday I see many people panic for selling coin and never try to buy back, what their mind thinking when bitcoin higher price want to down, but get chance bitcoin with lower price never buy back and waiting to buy after bitcoin raise to higher price.

[uneng]

The last news revealed bitcoin price keeps falling because the new US taxation policy that is going to increase fees over investors' profit, what include bitcoin investors as well.
I'm not so sure if it is really affecting bitcoin price that much, but it's clear a correction is happening right now.

I think there is some economical instability on the air, many uncertains around the world, while new decisions are being taken right now which will affect all the nations.
Probably big investors, those who really cause significant fluctuations on the market, are calculating carefully where to put their money next.

[NeverSop]

The last news revealed bitcoin price keeps falling because the new US taxation policy that is going to increase fees over investors' profit, what include bitcoin investors as well.
I'm not so sure if it is really affecting bitcoin price that much, but it's clear a correction is happening right now.

I think there is some economical instability on the air, many uncertains around the world, while new decisions are being taken right now which will affect all the nations.
Probably big investors, those who really cause significant fluctuations on the market, are calculating carefully where to put their money next.

As a related piece of information, China has controlled the supply of electricity to large mining farms bitcoin in the Xinjiang Region in China.  Logically, this will have a temporary price effect.  Resonance with new taxes from the Jo Biden administration.  

It has partly caused the problem of inequity in terms of appearance.  Although the purpose of the Biden administration is towards human rights.  Stock also declined due to this problem! Lol

[sana54210]

As a related piece of information, China has controlled the supply of electricity to large mining farms bitcoin in the Xinjiang Region in China.  Logically, this will have a temporary price effect.  Resonance with new taxes from the Jo Biden administration.  

It has partly caused the problem of inequity in terms of appearance.  Although the purpose of the Biden administration is towards human rights.  Stock also declined due to this problem! Lol

Both of those had the correct reasoning behind the fall for sure. I think there was a two part fall, first the miners went down because of the electricity thing and that caused the price to fall a bit, then the tax hike thing was announced by Biden and that caused the price go down even more. So, I believe that two news was good enough to drop the price a lot together.

This is why I believe we should not be worried, it is not a fundamental problem so we should not be worried at all we should be focusing on what the future holds, these problems will be solved, the electricity I am sure is either back on, or will be back on eventually, the tax hike will happen or won't happen but that will be old news, all of that will pass and bitcoin will be bitcoin so there is really nothing to worry about at all, which  is why I think it is totally fine for us.

[BOAEDAN]

I think you have put all your money in bitcoin if want to be rich later and never take care with bad news, just simple way when hearing with bad news you can buy more and sell later after many good news about bitcoin and altcoin. you need to know how really good way when try investing in bitcoin or altcoin, never panic moment when bitcoin get bad news just the best chance to buy back again.

[tygeade]

you need to know how really good way when try investing in bitcoin or altcoin, never panic moment when bitcoin get bad news just the best chance to buy back again.

That must be a practical suggestion and that was proven once again with recent market correction and its recovery. I was reading lots of people on this community continuously keep suggesting about making use of those correction and as per their speculation market solidly bounced back toward $55k levels and I guess a new ATH is down under.

Moreover, we never need to worry on what is happening with the bitcoin market because it is happening for some reasons and only for the people who are realizing those reason out of their experiences simply making use of those corrections.

[ultrloa]

I think you have put all your money in bitcoin if want to be rich later and never take care with bad news, just simple way when hearing with bad news you can buy more and sell later after many good news about bitcoin and altcoin. you need to know how really good way when try investing in bitcoin or altcoin, never panic moment when bitcoin get bad news just the best chance to buy back again.

Its easy to say actually but hard to go on that situation where we see the market dumping since if they just invest without proper knowledge I'm so sure that they will be panic once there's a fud spreading over the net. Better to invest on knowledge first so that they may have basis on market scenarios and can able to do the right action if they are knowledgeable, after that they are ready to trade then can start to buy bitcoin or other alts they desired.

[btc78]

I think you have put all your money in bitcoin if want to be rich later and never take care with bad news,

It's clearly says in OP who ask about what happens in Bitcoin price and not asking your opinion about investing Noob.

just simple way when hearing with bad news you can buy more and sell later after many good news about bitcoin and altcoin.

Do you understand what have you say? because it seems that you're the only one who knows the meaning.

you need to know how really good way when try investing in bitcoin or altcoin, never panic moment when bitcoin get bad news just the best chance to buy back again.

Reported Post, Nonsense and not worth reading lol.

Today bitcoin dump with bad announcement from Joe Bidden as United State America, I think he want to make bad rule for crypto exchange and get negative respond where many people panic and selling bitcoin, price drastically dump from $60 above and now become under $49k, this bad news and make many people panic for selling assets although have loss much.

What? where did you get this? from twitter ?

[Kasabus]

I think you have put all your money in bitcoin if want to be rich later and never take care with bad news, just simple way when hearing with bad news you can buy more and sell later after many good news about bitcoin and altcoin. you need to know how really good way when try investing in bitcoin or altcoin, never panic moment when bitcoin get bad news just the best chance to buy back again.

Its easy to say actually but hard to go on that situation where we see the market dumping since if they just invest without proper knowledge I'm so sure that they will be panic once there's a fud spreading over the net. Better to invest on knowledge first so that they may have basis on market scenarios and can able to do the right action if they are knowledgeable, after that they are ready to trade then can start to buy bitcoin or other alts they desired.

Indeed, right.
And many investors will even forget their goal once seeing the market declining. It could be natural to say I HOLD, yes we should but later on, we will see that everyone is selling...Could be funny but that is the reality and even for me, it is really hard to do it especially when you have been influenced by your emotions.

[BOAEDAN]

I think you have put all your money in bitcoin if want to be rich later and never take care with bad news, just simple way when hearing with bad news you can buy more and sell later after many good news about bitcoin and altcoin. you need to know how really good way when try investing in bitcoin or altcoin, never panic moment when bitcoin get bad news just the best chance to buy back again.

Its easy to say actually but hard to go on that situation where we see the market dumping since if they just invest without proper knowledge I'm so sure that they will be panic once there's a fud spreading over the net. Better to invest on knowledge first so that they may have basis on market scenarios and can able to do the right action if they are knowledgeable, after that they are ready to trade then can start to buy bitcoin or other alts they desired.

Indeed, right.
And many investors will even forget their goal once seeing the market declining. It could be natural to say I HOLD, yes we should but later on, we will see that everyone is selling...Could be funny but that is the reality and even for me, it is really hard to do it especially when you have been influenced by your emotions.

Many bad news about bitcoin last week after Joe Bidden given bad information about crypto exchange now I see many new tweet about Tesla company sell their bitcoin assets about 10%, I don't know this way by Tesla to buy back bitcoin because many people will panic for selling bitcoin right now if really true with information about Tesla sell 10% bitcoin assets in his wallet.

[Silberman]

It could've been caused by any of those, or all of them altogether. Seriously though, not sure why people are still getting surprised when bitcoin moves significantly in either direction. Are we forgetting that bitcoin has been volatile as hell since forever? And it's not like $54k is a huge drop; we were just at the $40k+ range in March lol like seriously.

People are notorious for their short term memory and most of them always have the attitude of what have you done for me recently? Bitcoin is recovering after the drop to the point that we are back at the beginning as if nothing had happened and yet people are bored with what we are seeing, this is incredible because if you had said to me one year ago that we will be seeing a price so high I would have my doubts, and yet here we are and people are still disappointed with the price of bitcoin despite how high it is.

[dansus021]

Many bad news about bitcoin last week after Joe Bidden given bad information about crypto exchange now I see many new tweet about Tesla company sell their bitcoin assets about 10%, I don't know this way by Tesla to buy back bitcoin because many people will panic for selling bitcoin right now if really true with information about Tesla sell 10% bitcoin assets in his wallet.

yep but for now its recovery and i heard about tesla sell its only to prove liquidity of hodling bitcoin. i think in the next couple of month they will buy more

[Palllke]

It looks like the price is going up.

[wiss19]

Many bad news about bitcoin last week after Joe Bidden given bad information about crypto exchange now I see many new tweet about Tesla company sell their bitcoin assets about 10%, I don't know this way by Tesla to buy back bitcoin because many people will panic for selling bitcoin right now if really true with information about Tesla sell 10% bitcoin assets in his wallet.

yep but for now its recovery and i heard about tesla sell its only to prove liquidity of hodling bitcoin. i think in the next couple of month they will buy more

Tesla sold? I just come to know about this. I guess must need to check on crypto news portal for knowing better on this. Do you mean that tesla needed to prove that they have invested only into a safe asset like they can get their money back at any time they prefer and for that reason they sold recently? But, their action for proving themselves costed entire crypto space -20%, honestly annoying.

Lately I started hearing various news for the reason of recent correction of bitcoin markets and not sure which had happened first and influenced the most.

[BOAEDAN]

Many bad news about bitcoin last week after Joe Bidden given bad information about crypto exchange now I see many new tweet about Tesla company sell their bitcoin assets about 10%, I don't know this way by Tesla to buy back bitcoin because many people will panic for selling bitcoin right now if really true with information about Tesla sell 10% bitcoin assets in his wallet.

yep but for now its recovery and i heard about tesla sell its only to prove liquidity of hodling bitcoin. i think in the next couple of month they will buy more

Tesla sold? I just come to know about this. I guess must need to check on crypto news portal for knowing better on this. Do you mean that tesla needed to prove that they have invested only into a safe asset like they can get their money back at any time they prefer and for that reason they sold recently? But, their action for proving themselves costed entire crypto space -20%, honestly annoying.

Lately I started hearing various news for the reason of recent correction of bitcoin markets and not sure which had happened first and influenced the most.

many people believe with this news but I am not sure, bitcoin dump extremely last week because Joe Bidden and Turkish exchange where the owner run away and many people loss much money on that exchange. I am not sure believe with Tesla announcement without see tx id about sending or receiving coin, many time they make news about buy bitcoin or dogecoin but still not have proof about their transaction history.

[justdimin]

I started hearing various news for the reason of recent correction of bitcoin markets and not sure which had happened first and influenced the most.

I believe we just need to leave off without looking for the reason which caused the recent correction. Because, right now bitcoin market into bearish mode once again but this time it seems having technical fluctuation as market is not falling drastically but it is coming down very slowly.

When we are having downfall like these with supporting volumes then we can assume about rising up at any time soon because traders who booked profits might be buying back at cheaper price levels soon.

[Lanatsa]

I started hearing various news for the reason of recent correction of bitcoin markets and not sure which had happened first and influenced the most.

I believe we just need to leave off without looking for the reason which caused the recent correction. Because, right now bitcoin market into bearish mode once again but this time it seems having technical fluctuation as market is not falling drastically but it is coming down very slowly.

When we are having downfall like these with supporting volumes then we can assume about rising up at any time soon because traders who booked profits might be buying back at cheaper price levels soon.

People are really that mindful anytime the price do really make out some movement its either they would find out some technical reasons or fundamentals ones which is really normal.

Its really hard to ignore and simply say that we should leave off because its part of human being on being curious on what are the reason behind these drops or even on pumps.

People would always look for some reason.For those who had been on this market for years already then these drops isn't really that common after all because we cant just see
a market that do only move on single way or path.

[LUCKMCFLY]

There is a factor that I would like to share with everyone, is that now in China they will have greater supervision in terms of mining, because the issue of high consumption has reached the government itself and they think that taking some measures can make everything flow better for The country, however the USA has been studying how to take many of the miners despite the electricity rates, some think that as it is more expensive it is worth it.

China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular.

Beijing sent an “emergency notice” to conduct checks on data centres involved in Bitcoin and other cryptocurrency mining operations on April 27, which was reportedly met with some panic in China.

Source: https://cointelegraph.com/news/bitcoin-mining-in-china-set-for-stricter-supervision-due-to-carbon-concerns

Many believe that the fall of Bitcoin this April was due to the decrease of the hash, although mining is very important I think that this is not the reason, nor that of Biden's tax reform, I think that the fall was due to natural action From the market.

[Kittygalore]

You are looking at the price of bitcoin in such a short-sighted manner, if you look over all, the price has got so far and a little price correction didn't hurt anybody. It doesn't really matter if you are bitcoin is going down because in the grand scheme of things, it will eventually go back up.