Why is bitcoin plunging? What is the reason for this?

[aioc]

Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?

Never use the word end, else people will find you so ignorant and do not know what you are posting, you can have doubts on the market but thinking it's the end of Bitcoin is such a big joke, it's already ten years and there are thousands of predictions that failed that Bitcoin will die, get the fact first before making remarks about the market condition.

[proudhon]

Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?

Yes. Not only could this be the end, but just look at the data. It clearly IS the end. There's really no serious debate about it.

[19Nov16]

Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?

Many people are desperate when the price of bitcoin drops like now, I suggest not to make bitcoin as the main investment, it takes patience if we invest bitcoin, remember that the initial bitcoin price was not up to $ 1.

[Zilon]

Bitcoin rose extremely too fast and I guess it's currently doing some corrections before heading for the bull run again but for the main time it's a good time to buy the dip and hodl for the future bullish move which no one knows when this is going to happen but speculators are estimating $100k-$250k but we aren't so certain about this and it isn't an investment advice either just a suggestion.

[lixer]

people do have a right to freak out and if nobody did, we would never be able to have all these wonderful opportunities to get Bitcoin at the dips or to enjoy longer periods of accumulation. 2018-2020 was the wonderful time for me, people freaked out and delayed Bitcoin getting to 20k again. May it happen much more for all of us who have yet to achieve our Bitcoin dreams:)

Not all the drops are about freak outs, I mean sure some people definitely freaked out but I believe there is 50-50% in both of those. First of all the drop wasn't all freak out, maybe half of it, the other half was selling to buy cheaper, the liquidations and many other stuff bla bla, but it wasn't all people panic selling.

Secondly not all the people who say bitcoin is dying are the people who sell and fear it will, some of them are people who just hate bitcoin. I have seen people who never bought a single satoshi in their life go crazy happy about bitcoin going down, it is just bad people I suppose who do not want other sto profit from something they didn't profit from, if they are poor then everyone should be poor instead of everyone should be rich, that is sort of the mindset. At the end of the day not everything is all good and not everything is all bad.

[Fortify]

Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?

If you consider that Bitcoin has risen greatly compared to other assets in the last few years it may be unwise to keep looking at such short periods of time. You really need to make a personal decision as to whether you are an investor or a speculator. An investor will try to determine the future of Bitcoin in 5+ years - they may always be buying, keep it at a certain percentage of their portfolio or stop after they've accumulated a fixed amount. After that they will simply sit and wait to see if their prediction came true, much like a gold buyer in past decades would have done reasonably well. It takes a great deal of patience and ignoring the large day to day swings, if you have made a determination of what the true value should be. The is a wise investor. A speculator thrives on volatility but can lead a very stressful life in trying to make short term predictions, often wildly affected by circumstances outside of their control. It is dangerous to be a speculator and very few people do it successfully.

[Lanatsa]

Bitcoin rose extremely too fast and I guess it's currently doing some corrections before heading for the bull run again but for the main time it's a good time to buy the dip and hodl for the future bullish move which no one knows when this is going to happen but speculators are estimating $100k-$250k but we aren't so certain about this and it isn't an investment advice either just a suggestion.

No one could actually determine for these movements to be pre-bull run or typically the start of the bearish market and we would eventually know when we are actually on there or in the situation we are facing or experiencing on.

This is what makes this market really hard to guess or make out predictions due to random movements in price where it neither do make out some reactions
towards fundamentals that are happening around.

When it comes on seeking out for the reason then better not bother yourself or finding out for the accurate thing because pointing it out would be the hardest part on this market.,

[Kong Hey Pakboy]

The current China FUD is probably the thing that we have to blame for it but it's not something to worry about because I am pretty sure that like any FUD out there, it will probably have the same timeframe as any FUD which is short-term.

[leea-1334]

people do have a right to freak out and if nobody did, we would never be able to have all these wonderful opportunities to get Bitcoin at the dips or to enjoy longer periods of accumulation. 2018-2020 was the wonderful time for me, people freaked out and delayed Bitcoin getting to 20k again. May it happen much more for all of us who have yet to achieve our Bitcoin dreams:)

Not all the drops are about freak outs, I mean sure some people definitely freaked out but I believe there is 50-50% in both of those. First of all the drop wasn't all freak out, maybe half of it, the other half was selling to buy cheaper, the liquidations and many other stuff bla bla, but it wasn't all people panic selling.

Secondly not all the people who say bitcoin is dying are the people who sell and fear it will, some of them are people who just hate bitcoin. I have seen people who never bought a single satoshi in their life go crazy happy about bitcoin going down, it is just bad people I suppose who do not want other sto profit from something they didn't profit from, if they are poor then everyone should be poor instead of everyone should be rich, that is sort of the mindset. At the end of the day not everything is all good and not everything is all bad.

I agree it was not a freak out, not in terms of how deep the markets crashed (as they did not really) but I was just saying that people do have the right to freak out:) And I am happy that they do,,, because it keeps us below rally levels for longer, meaning much more powerful and longer rallies when they eventually come:)

For me, everything that happens is good, for the long run!

[wxa7115]

Bitcoin has been in the doldrums for nearly a month, what caused such a thing to happen. Could he be the end?

Yes, it is the end:

Bitcoin has died 421 times

And that is only the times bitcoin has been declared to be dead, if we actually counted the times bitcoin was said to be a scam I think we could reach the hundreds of thousands of times in which this happened.

You know, I understand that newbies get scared when the market goes down quickly and things like that but at least they should learn a little bit about the market before they come here and say that bitcoin is over and silly things like that, if bitcoin dying means seeing bitcoin at 32k then it is easy to see that bitcoin coming back to life means seeing the price of bitcoin way above 100k.

[proudhon]

Why is bitcoin plunging? What is the reason for this?

People are coming to agree that it's not a good investment. That's why.

[carlisle1]

Bitcoin is dead
Bitcoin is over
blah blah blah...

If we do consider on how many times bitcoin had died then these plunging is something
to be part or casual events on this market.

People shouldn't freak out and instead seeing these events as opportunities.

Well,,, people do have a right to freak out and if nobody did, we would never be able to have all these wonderful opportunities to get Bitcoin at the dips or to enjoy longer periods of accumulation. 2018-2020 was the wonderful time for me, people freaked out and delayed Bitcoin getting to 20k again. May it happen much more for all of us who have yet to achieve our Bitcoin dreams:)

There are many aspiring investors who are trying to store more Bitcoin, they are the one who really benefiting a lots from this correction.

Those who are willing to take the risk and do against the market trend are the one who mostly earned decently, if they are able to hold for much longer

period and they are trysting the system, the cycle will go to their direction and favor their investment.

[lixer]

I agree it was not a freak out, not in terms of how deep the markets crashed (as they did not really) but I was just saying that people do have the right to freak out:) And I am happy that they do,,, because it keeps us below rally levels for longer, meaning much more powerful and longer rallies when they eventually come:)

For me, everything that happens is good, for the long run!

Yeah they do have a right to freak out, which is understandable, I just wanted to say it is not all freak outs, otherwise not trying to say people didn't freak out at all. What we have in our hands are both freak outs and also the bad people that is what I wanted to say and that is why I said 50% because freak outs do happen.

I mean look at how many people act so bad towards bitcoin, people who usually do not invest or maybe invested and lost, that is why I think it is very bad for them to do something like this and I hope that they don't but people who will hate bitcoin will come more and more, because we have more and more people who love it as well. So just accept the fact that they exist and you would be fine. Once again this isn't to say that people didn't freak out, that make sense, this is just to say it was fine and nothing special and there were haters along with it.

[Quidat]

Bitcoin is going up

And this is the time they would be saying to those who do keep telling that bitcoin is dead that they had regret out on not able to buy when the price was still cheap or simply missed out the opportunity to sell and this had been a common reaction for most people and they do only realize when its too late even though this market would have this kind of normal cycle or movements which you can eventually still make money on next possible dip.It is really just a matter of risk taking of particular investor or trader because not all would be having the same taking and decisions to be made whenever they do experience such situation.

[Asuspawer09]

Bitcoin is going up

And this is the time they would be saying to those who do keep telling that bitcoin is dead that they had regret out on not able to buy when the price was still cheap or simply missed out the opportunity to sell and this had been a common reaction for most people and they do only realize when its too late even though this market would have this kind of normal cycle or movements which you can eventually still make money on next possible dip.It is really just a matter of risk taking of particular investor or trader because not all would be having the same taking and decisions to be made whenever they do experience such situation.

Most people who sell or panic sells are just newcomers in the cryptocurrency space and don't have a lot of experience in the past Bullrun, we know that bitcoin could easily explode at any moment, and selling at a much lower price will just bring down the price more because of panic selling.

But at some points it's gonna stabilize maybe around 35k$-40k$ for a few months and then explodes again at any moment, in my opinion, bitcoin has a lot of demand compared in the past year and I could guarantee that it will skyrocket just because of low supply alone.

I would like to see it at a much lower price so that I could buy more bitcoin, I still accumulating bitcoin, I just buy and buy because of the low price and it's gonna be a big profit in long term.

[7788bitcoin]

Never use the word end, else people will find you so ignorant and do not know what you are posting, you can have doubts on the market but thinking it's the end of Bitcoin is such a big joke, it's already ten years and there are thousands of predictions that failed that Bitcoin will die, get the fact first before making remarks about the market condition.

The problem is that English might not be their first language and they term them as the end of bull run as end of bitcoin and you can find many threads and responses like that in the forum and that is what i think of these kind of responses.

When it comes to the market situation, there are several reasons why we are seeing price correction often, first the market rallied to $63k in a short period of time and it did not sustain that valuation for long and now we are struggling to cross $40k for the past several weeks and i believe we will be trading in a range for a while before we break the resistance and for that you need to have patience.

[clorasteinberg]

No, of course, not. It was just because of Elon Musk’s tweet claiming bitcoin is harmful to the environment. But now that people have got back to their own analysis, they have started investing in and trading bitcoin just like before.

[leea-1334]

May it happen much more for all of us who have yet to achieve our Bitcoin dreams:)

There are many aspiring investors who are trying to store more Bitcoin, they are the one who really benefiting a lots from this correction.

Those who are willing to take the risk and do against the market trend are the one who mostly earned decently, if they are able to hold for much longer

period and they are trysting the system, the cycle will go to their direction and favor their investment.

This is not unique to crypto only though,,, every system has inherent risk and the rewards for those who take that risk are always higher as proportional to the risk they take. The safer the system, the less the risk:reward ratio. But let us not be fooled by thinking there is no more reward to Bitcoin. It is STILL high risk in comparison to so many other existing things out there:)

[dimonstration]

This is not unique to crypto only though,,, every system has inherent risk and the rewards for those who take that risk are always higher as proportional to the risk they take. The safer the system, the less the risk:reward ratio. But let us not be fooled by thinking there is no more reward to Bitcoin. It is STILL high risk in comparison to so many other existing things out there:)

Sometimes being too worried as well not enjoying the moment leadks to difficulties in accepting the profit,  if there are time the market seems good take advantage on buying but still will limit on what to buy. Same with other design or fabric. Or buy in people who our not tag red or shows concern I in investing.

[tygeade]

There were many things/events are causing the market price of Bitcoin to fall, but I think this is what’s expected to happen after a bull run, and let’s say maybe a lot of people are starting to cash in their profit and that’s why the market had been falling.

Most of us wants the market to go up steady so that we can keep making a lot of profits, but it doesn’t work that way, there is definitely going to be a bearish trend at some point. Although one thing I have noticed is that the lowest is usually above the lowest in the past. So right now that we have seen the price go as far up as $65,000, when it drops it’s possible that it might not go below the price of $28,000.