Doesn't it teach, BTC Price will never go down if we won't force it to go down?

[perryxi2]

Almost all market participants have the same mentality, the more BTC drops, the more they dump and when the price goes up they buy again, you are right BTC never hours decrease if we all stay calm and never dump them.

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[Shasha80]

Everything was going smoothly, so what was the reason for the sudden dump to $29k from $64k?
A sudden dump just happened because of Elon Musk said mining bitcoin is not eco-friendly? or it just happened cause china banned bitcoin?

Yeah, all those things do affect the market sometimes, although the problem I do have with some of those is that whenever the price goes down slightly, people are always looking for one thing or the other that they are going to blame for it as if the market was never meant to go down at some point. This is market, and one features of a market is that the prices of assets will always go up and down, and since Bitcoin is a volatile asset it’s going to be doing that a lot of times.

So, people acting like it is not something that was meant to happen really pisses me off, they act like it should only be increasing only, when they know that it should go both ways. There is time for everything.

We do have to realize Bitcoin will always go up and down over and over again, because Bitcoin moves based on supply and demand. So don't panic
or look for things to blame if the Bitcoin price suddenly drops, we must always be able to think positively when the market conditions are bad,
don't just think positively when the market goes up. If our mindset can change to be more positive, the Bitcoin support price should be much stronger
and not easy to fall. But I realize it is very difficult to change someone's mindset, it takes a long process. In the end I can only start with myself
and maybe the people closest to me to be able to control ourselves to think positively.

[cunguks]

We do have to realize Bitcoin will always go up and down over and over again, because Bitcoin moves based on supply and demand. So don't panic
or look for things to blame if the Bitcoin price suddenly drops, we must always be able to think positively when the market conditions are bad,
don't just think positively when the market goes up. If our mindset can change to be more positive, the Bitcoin support price should be much stronger
and not easy to fall. But I realize it is very difficult to change someone's mindset, it takes a long process. In the end I can only start with myself
and maybe the people closest to me to be able to control ourselves to think positively.

Most people always think about a market that will continue to be in good shape. but forget that market demand is always changing. when the market goes down of course there will be a lot of people screaming and panicking. they are people who don't understand the crypto and bitcoin market yet.
but for those old players in the crypto market. must already know how the crypto market works. what are our attitudes and the strategy we have to do when bitcoin is bad?
all require learning and experience. for those who do not want to learn will definitely have difficulty.

[GeorgeJohn]

I think bitcoin will gain even more momentum in the future. At least I have hope for that.

Actually their is every tendency that bitcoin price will accelerate more than before because the movement in price is not constant, looking it's price differently it's very obvious that it has a ground than any other cryptocurrency compare to before, bitcoin has dominate everywhere but the problem is that government refused to give it hand or allow it free dominate,so I'm using this medium to recapitulate that anong every other cryptocurrency bitcoin has highest denominations.

[Shasha80]

We do have to realize Bitcoin will always go up and down over and over again, because Bitcoin moves based on supply and demand. So don't panic
or look for things to blame if the Bitcoin price suddenly drops, we must always be able to think positively when the market conditions are bad,
don't just think positively when the market goes up. If our mindset can change to be more positive, the Bitcoin support price should be much stronger
and not easy to fall. But I realize it is very difficult to change someone's mindset, it takes a long process. In the end I can only start with myself
and maybe the people closest to me to be able to control ourselves to think positively.

Most people always think about a market that will continue to be in good shape. but forget that market demand is always changing. when the market goes down of course there will be a lot of people screaming and panicking. they are people who don't understand the crypto and bitcoin market yet.
but for those old players in the crypto market. must already know how the crypto market works. what are our attitudes and the strategy we have to do when bitcoin is bad?
all require learning and experience. for those who do not want to learn will definitely have difficulty.

I agree learning and experience is key when investing in Bitcoin, both of which can help us understand how Bitcoin works. By continuing to learn
about all things Bitcoin, it will increase our knowledge of how we should behave when facing a volatile market. Likewise, experience will make us
more mature in making decisions and can prevent us from repeating the same mistakes. A person will be easy to control their emotions, if they
have the knowledge and experience, because they already know how to behave.

[nelson4lov]

Those actions had their influence on BTC. But market is pretty hard to understand. And i think that whales have big influence on BTC too. They can drop it's price to buy even more later. And also they can help to pump the price to sell it high while they can.

Yes. Those combined efforts had an impact on crypto market. A lot of people might not know this but there's always a lot of new users who have very little experience with this type of volatile and they won't hesitate to press the sell button once there's any sign of uncertainty in the markets. The only way for those to stop is for these negative news to stop coming and it won't stop because markets can't just continue going up steadily, it must either take a break or go down for some retracements. There are other factors that affect the market too not just negative PR and news.

[Fundamentals Of]

That is right. And that is very clear. The rough yet common sense computation is that Bitcoin's price is going to rise and rise. The remaining amount of Bitcoin that have yet to be mined is small compared to the circulating supply. The circulating supply is not even 100% circulating due to dormancy and strong-hand hodlers, even decreasing with losing Bitcoin. The adoption is rising at a fast pace. This all means rising demand and decreasing supply.

[Argoo]

In the cryptocurrency market, as in any other market, its participants cannot agree to act in one direction, for example, not to sell cryptocurrency and thus create conditions for its further price growth. Here, everyone takes care of their profits and will take actions that they deem necessary to increase it. And it is hardly possible to implement such an idea in practice.