Does bitcoin fall need a reason?

[Bazley]

Bitcoin fell sharply today, and then the media issued a number of bad news. Although it is not known whether it is directly related to the decline, the market sentiment is not good.

When falling, people like to pay attention to negative news and when rising, pay attention to good news to find a reason for rising.


I think this is the habit of novices and short-term investors.


https://tass.com/economy/1334773

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[NeuroticFish]

Bitcoin fell sharply today, and then the media issued a number of bad news. Although it is not known whether it is directly related to the decline, the market sentiment is not good.

Really? It rose ~6k$ in 8 days and a 2k$ correction is "bad news" and "sentiment not good"?
Zoom out, look at a chart showing the last 2 years and think again. It really helps when in doubt.

[stompix]

According to him, equating such quasi-currencies with monetary instruments "can do nothing but harm the financial and economic system, if we are talking about full recognition as a means of payment."

I have to admire their audacity as they still claim they have a "financial and economic system" in place, not a ruined gas station that makes more noise than sales. Besides, it's Russia, news about crypto from them comes every month if not once a week, it's always the same, they need to make statements about stuff so that people think they are really working and researching when all they do is rephrase the last one.

and then the media issued a number of bad news.

What would be another example?

[crwth]

Was this topic made to click for on the site?

Anyway, in the short-term, yes, but not in the long-term one. It's always better to look at the bigger picture, especially if you believe in the part where you can conquer negativity and remain. Imagine those people stuck here because they believe in the project and the years that have passed; it bared fruit.

If the noobs plan to remain, they will learn for sure.

[(o)(o)ilikeboobs(o)(o)]

Bitcoin moves on its chart. I believe that traders decide the market. We need knowledge and a little touch with the market to judge. It's all probability and speculation, so don't try to explain how the market moves in absolutes. Change your mind constantly.

[Argoo]

Yesterday I myself was looking for reasons why bitcoin and all other cryptocurrencies began to fall sharply in price. So, in the morning yesterday, the price of bitcoin was more than $ 52,700, but by the evening, and this morning, it is at the level of $ 46,500. A fall of over $ 6,000 and that's decent. Many cryptocurrencies fell in price by 20 percent or more yesterday.
It is unlikely that the reason indicated here is an interview with the official representative of the President of Russia, Peskov, that while Bitcoin cannot be recognized as a means of payment in this country, it could have such an impact on this market yesterday. In Russia, a law has been adopted that prohibits the use of cryptocurrency in Russia as a means of payment, and there are even rumors that it may also introduce criminal liability for its use. What else to expect from the authoritarian rule of the Putin regime?
Therefore, Peskov's interview does not change anything and is not a surprise. I think that the reason for yesterday's price drop in the cryptocurrency market is still there, and it is not related to Russia.

[Pom_bensin]

Bitcoin fell sharply today, and then the media issued a number of bad news. Although it is not known whether it is directly related to the decline, the market sentiment is not good.

When falling, people like to pay attention to negative news and when rising, pay attention to good news to find a reason for rising.


I think this is the habit of novices and short-term investors.


https://tass.com/economy/1334773

that is sometimes bitcoin news is made and framing by the media as if there is bad news. but maybe we should understand what the real decline was for.
this is actually news that traps beginners, here we can try to be smart in analyzing the decline in BTC so as not to get caught in a losing position. As an investor or trader, you must be good at understanding this so that this decline does not further add to bad conditions

[wajik-tempe]

If the fall is about 10% in a short time i think it must need a reason because there must be a massive sudden movement from the people who holds a lot of bitcoins.
Price swing around 2-3% a day is normal but the crash recently there must be something behind the drop.
So i think it's not just a normal correction but there is an event behind yesterday's crash.

[Nunoluck]

I think there is no bad news or any other FUD that makes bitcoin price fall, it is pure because of supply and demand. Most of bitcoin users are trader so when a group of people or whales decide to take profit now then the price will fall but I think it will not influence the trend. If it's time for bullish then it will tend to bullish. Actually I am not surprised about this current market situation, I invest in bitcoin since few years ago and in my opinion the extreme volatility of bitcoin is commonly happen. Just becarefull about bear trap.

[MKings]

Bitcoin's decline, media releases of negative news will have a little impact on Bitcoin. Many novices will sell their bitcoins after reading the news.
Many people still don't believe in Bitcoin.

[Jasper HODL]

Bitcoin's price drop is more due to the mismatch between transaction volume and price. Before yesterday, the price of Bitcoin exceeded $50,000, but the transaction volume was only two-thirds of the previous Bitcoin reached $50,000.

In addition, many people are more inclined to look for reasons in the news when the price drops. In fact, it is more likely to be a joint stock exchange by the exchange.

[leea-1334]

If the fall is about 10% in a short time i think it must need a reason because there must be a massive sudden movement from the people who holds a lot of bitcoins.
Price swing around 2-3% a day is normal but the crash recently there must be something behind the drop.
So i think it's not just a normal correction but there is an event behind yesterday's crash.

I have seen markets in crypto for 4 to 5 years now and even before then reading about it all,,, there is one truth about it,,, and that is, it needs no reason for big drops and gains. In fact,,, big news does not seem to even move BTC markets the way it does for stocks. For sure, external events can still cause major gains/crash, like last year several events unfolded in this way. But 10% is normal, it does not need "reasons".

[Dhoe]

does bitcoin fall need a reason, in my opinion it is just a very simple reason, for reasons of supply and demand, so bitcoin falls, in my opinion it is just a normal thing, short-term declines in bitcoin are commonplace, rest assured the decline will not has happened in the long term, we must be good at responding to any news from the media, lest we lose opportunities because of unclear news from them..

[MIldic1c]

In many cases, some negative news about Bitcoin or the crypto market will affect the panic of some investors, causing them to choose to sell their coins.
This is normal, the price of Bitcoin is fluctuating, which is also the attraction of Bitcoin.

[cotton ball]

sometimes there is also a bitcoin fall, caused by the influence of greedy people, and unclear posts, which post negative things about bitcoin, but basically bitcoin's fall is usually caused by supply and demand, but we don't have to be afraid of bitcoin's fall , because this fall is only temporary, because in the next month or a few months later, bitcoin will rise again,, that is the price of bitcoin, from the past until now..

[traderethereum]

The reason is that people panic reading the negative news for the market so they are selling their bitcoin instantly without thinking that the correction comes for temporary.
If they do not panic and can stay calm after reading the news, that will not impact the price and will not fall.
Those people really need to manage their emotions and not trigger because of the negative news because sometimes, the negative news only spreads fear to the new people.
So be careful if you read the negative news from one site and it is better to check by searching for the other news.

[mrongoz_imut]

every time there is a problem there must be a reason behind it all, as well as bitcoin, if the price of bitcoin goes up high of course it has its own reasons, maybe because of the lack of miners, the bitcoin price goes up again, as well as bitcoin goes down, of course there is a reason why bitcoin goes down, maybe because of supply and demand, or it could be because the media posted negative things about bitcoin..

[jossiel]

Bitcoin fell sharply today, and then the media issued a number of bad news. Although it is not known whether it is directly related to the decline, the market sentiment is not good.

When falling, people like to pay attention to negative news and when rising, pay attention to good news to find a reason for rising.


I think this is the habit of novices and short-term investors.

It's the habit of everyone, new or not.

But mostly the newbies are only paying attention to the most recent news that affects the market badly. They don't look at how far bitcoin went from all of those years because they just recently invested.

[Jating]

Bitcoin fell sharply today, and then the media issued a number of bad news. Although it is not known whether it is directly related to the decline, the market sentiment is not good.

On the contrary, I think the market sentiments is still good, if you have been in the market for so long, you will understand how the news will affect the price.

When falling, people like to pay attention to negative news and when rising, pay attention to good news to find a reason for rising.

Of course, that is normal, we always look for reasons why the price is going down, attributed it to FUD and whales manipulating the price, to trading bots etc. Again, this is part of the market and it moves based on it, same when the price is going up as well. So if I'm a newbie, I will perhaps just buy in this dip and then hold, easy peasy.

[Questat]

Probably look at the big picture, bitcoin fell and it's a huge fall but it's not that bad knowing it's normal in the crypto space.

Actually, I don't see any bad news that causes the dump, but I believe the main reason for the dump is the whales, they are playing the market again with their power to manipulate, and I tell it's not new to us.

Just relax man, instead, try to buy as this is an opportunity.