Reason for the dump in Bitcoin and most of the Altcoin?

[Wysi]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

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[kaya11]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

Reason for both are market correction, either whales are playing and regulations by the government. Another is some shitty tweet by someone who is so famous that his words are like the laws of bitcoins price. For eth there's a developers who are unknown to be found after the funding is done, or the coin is a shitty one that needs to be dump right away to get what you've invested. So many reasons and scenarios you just need to be a keen observer.

[TravelMug]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

The last reason that I heard is that the market was affected by the latest covid-19 variant (Omicron) that is gripping the world again specially in Africa and Europe. And not only crypto market, but the rest of the traditional financial market is affected to.

But hopefully this is just a temporary setup, December historically is a good month for crypto as it experienced a good spike in the price due to the holidays. So let's see if the pattern will continue this month and see if new all time high is still possible. And I don't think we are entering the bearish trend yet.

[tranthidung]

The last reason that I heard is that the market was affected by the latest covid-19 variant (Omicron) that is gripping the world again specially in Africa and Europe. And not only crypto market, but the rest of the traditional financial market is affected to.

It is news on tip of an iceberg and is not really reason.

Bitcoin rises because of SEC, then falls because of SEC
Bitcoin rises because of ETF, then falls because of ETF
Bitcoin crashes because of pandemic in March 2020, then rises because of pandemic. And now it moves to Omicron variant.

Skip all such news, all tips of iceberg, Bitcoin is still on its yearly bullish run, since 2009. It is clearly shown on Yearly Lowest price chart.

[michellee]

After the pullback moment, bitcoin price getting down again and now, the price is at $52,500, which is low than yesterday. But many reasons cause bitcoin to plummet and still not have a chance to increase back, which we do not know why. It seems this situation and conditions push us to become a holder for some time and not try to enter the market because if the price is hard to analyze, we can not profit. Taking a break will be good for now while we can still watch how the market moves so if we see the chance to enter the market, we can directly enter and leave the market before it is too late.

[Wexnident]

Idk, market correction, the fear of new variant, government issue stuff, isn't it the usual? And most of the altcoins follow Bitcoin when it dips so it isn't anything new. If you were a long-time hodler as others have said, Bitcoin dipping by this small bit wouldn't really matter. Now if you're a new hodler, then I suggest just gritting your teeth and keep on hodling, it will turn better, just not now imo. If it were really about the new variant, then it should be temporary, just like what happpened when covid was first introduced into the world back then.

[dothebeats]

I'm not really concerned with what happened tbh. We've been up for so long and I guess it's about time for a correction which we have right now. All other coins are experiencing massive dumps, and it's understandable seeing how bitcoin tumbled as of late. Right now, I would still wait and see until I buy coins again. There isn't much to spend on anyway and this might be the perfect opportunity for other people to buy in on the crypto market as well.

[onecall123]

I'm not really concerned with what happened tbh. We've been up for so long and I guess it's about time for a correction which we have right now. All other coins are experiencing massive dumps, and it's understandable seeing how bitcoin tumbled as of late. Right now, I would still wait and see until I buy coins again. There isn't much to spend on anyway and this might be the perfect opportunity for other people to buy in on the crypto market as well.

Currently, Bitcoin is trading around ~$47,000, which is not convincing enough. Approximately an hour before dawn on Saturday, Bitcoin's price sank to nearly $42,000, a decline of more than $9,000. Our last resistance is now at $42,000, so buy Bitcoin next week. All crytocurrencies experience a Flash Crash. Why is this happening? I'm still trying to decide if it's the perfect buying opportunity here or not?

One thing I've learned so far about crypto is that you appreciate dips more as you become more experienced. However, this dip is scaring me a bit.

[Reatim]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

I think this one is the reason why the market now is dumping hard , and of course FUD again as this topic pointed and discussed .

https://www.newsbtc.com/news/bitcoin/sec-boss-acknowledges-that-bitcoin-is-a-competitor-for-u-s-banking-system/


Lol...now not China Ban btc fud lol now USA BAN BTC LOL...gerry gansler want to buy cheap btc lol
This financial and crypto getting funny as it get it ....
Same lame ....as xrp case ...

What fun more they do lets see it lol

Yes this may sounds stupid but looks like the community is still affected with Fud and panicking .

lets not add to the dump guys, keep your bitcoins on hold and try to close your Eyes for a while, maybe in the next days everything will be settled .

[BayAreaCoins]

This is one of the best charts ever:

[mindrust]

Some say FED is going to hike the interest rates, some say the reason was Omicron, some say the markets are simply overbought so it needed to correct itself. Could be anything. Maybe some rich whales just decided to buy some nice shiny stuff because why not? Maybe the reason was all of them stated above. We can't know it for sure. My guess is it is about the FED mostly.

[haharadzha777]

This is one of the best charts ever:

https://pbs.twimg.com/media/FFvYEovXEAQsTaC?format=jpg&name=large

yep ... i illustrate by today )

https://i116.fastpic.org/big/2021/1204/61/1f628ab9ad97c139c638002327353361.jpg

https://ibb.co/DLHY5zv

[Toy base]

We all know the reason for the dump in Bitcoin and most Altcoin. But we all know that the price of Bitcoin depends on the market. If the price of Bitcoin goes up then we have to understand that the demand for Bitcoin is increasing in this market. If its price continues to decline, then it must be understood that its price has decreased. All of these marketplaces keep us in the globe all the time which is why we don't always understand the bitcoin market.

[Ozero]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

The last reason that I heard is that the market was affected by the latest covid-19 variant (Omicron) that is gripping the world again specially in Africa and Europe. And not only crypto market, but the rest of the traditional financial market is affected to.

But hopefully this is just a temporary setup, December historically is a good month for crypto as it experienced a good spike in the price due to the holidays. So let's see if the pattern will continue this month and see if new all time high is still possible. And I don't think we are entering the bearish trend yet.

How can the emergence of a new strain of the Omicron coronavirus affect the price of a cryptocurrency? Are people scared again, are taking urgent measures to protect themselves and for this they needed additional funds that they extract from cryptocurrency? I doubt it very much. In this case, the fall in prices would not have been so sharp and deep. Most likely, this is a conspiracy of whales to extract additional profit.

[saddampbuh]

tapering, rate rises, bad job numbers, herd mentality everyone expecting to sell and buy back lower, only the whales actually will, retail noobs lose their money as usual

[Victorik]

The reason for the dump is obvious. Whales are dumping their bags, and weak hands while seeing the downward trend in prices are panic selling. Hopefully, things will bounce back and the market recovers.
BTW, my portfolio is still in profits.

[Hypnosis00]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

It was the question for many and to find out nothing who is behind this or whatever it is. We usually point out the whales for manipulating the market price however, there is no such info yet to justify (or I just missed something). FUDs? That always comes but base on my observation, this would likely don't contribute a huge impact on the market now.

I'm saying this is temporary but I would say that comes normally like in the old days. Now, it was very certain that not all the time we are bullish, sometimes we face a crisis in which it tests our patients and faith in crypto. And those who trust will surely keep their coins but for those who are not, they are probably selling it now.

[Alert31]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

It's because of FUD or just a market correction but just take it easy don't be a panic seller because it was expected as market usually crashes before a big pump. Whatever the reason behind this sudden market drop, it's a good chance to buy bitcoin and other potential altcoins as long as you have capital and then just hold and wait the market to recover.

[smartaction]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

I got a news that. The reason Bitcoin  falls too much during a correction is simply b/c people are too greedy, and buy it on huge leverage. Now they get liquidated & they've unwittingly become the "liquidity provider" in having their positions closed out! So now time to bought btc or any others crypto-currency token and HOLD to get a lot profit.

[Coyster]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

It is what it is, and that's how the market is, if you're not a newcomer to the network then you'll know nothing is certain, you can't be sure of when it is going to be a bull or bear run, but having said that, I think this dump is nothing more than a correction phase, I actually do not believe it will lead to further dump that would welcome the bear market. Having said that, there is nothing to really panic about if you're holding Bitcoin, if you're maybe holding one pump or dump coin or the other and it's dumping, then you can maybe sell at that point so you don't lose out on everything.

As for the 'preparations' you asked of, I'm actually just holding and accumulating more when there is an opportunity, that's when there is a dump, I'm currently not concerned about the current price of Bitcoin, I believe in the network to be a long term project, and I'm likewise a long term investor.

[LogitechMouse]

I'm trying to find a news that may cause the current downside move of Bitcoin but I can't see anything.

Maybe its because of the fact that Bitcoin is going downwards for 2 weeks already and most of the holders sold their holdings. The market went down even more because of the leverage traders who got liquidated in their trades causing Bitcoin to go down almost 20% in a single day.

Well, what we want to see is a green candle and it must happen at least next week or we might see a bear market at the start of 2022 which is we don't want to happen but its inevitable.

This is one of the best charts ever:

This is exactly what is happening right now .

[Konok0099]

The fact is there is less than 8 million Bitcoins in circulation. 3-5mil are lost, founder 1 mil has never sold one. Institutions and large holders are not selling. So there is really no limit to what price could be. If large cap stocks with massive balance sheets start buying with plunging dollar, Btc will hit million quickly. Just a matter of time before one of FAANG stocks announces big purchase.

[eaLiTy]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

I am not sure what is the general perception regarding a major correction at this point but the basic reason is that the institutional investors are booking their profit and it is not a big surprise as they are here in the market to make their profit and when you hear that they were investing billions in the market, you should expect them to book their profit as well and that is what we are seeing and it is not because of any FUD that we saw a correction now.

[Ultegra134]

I don't get why the majority expects the market to be bullish only. It certainly is a correction deriving from a variety of reasons. I've read that it's due to the collapse of the NASDAQ index, which is closely correlated with Cryptocurrency for some reason. On top of that, the new Omicron virus strain is driving all markets downhill (see stock market, oil commodities, etc.).

[Yamifoud]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

Perhaps, were still getting better despite the current dumping situation.  10% price reduction is just small, in fact, we've been in more than 50% before but the price and the entire market actually is going to recover then. I then still thought it would possible to happen again and feel not to worry anymore as this will surely be done in a few days from now. I'm not thinking of a long-term bearish season like it happens 2018-2020 but I've rather expect short drops.

[dark1234]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

Perhaps, were still getting better despite the current dumping situation.  10% price reduction is just small, in fact, we've been in more than 50% before but the price and the entire market actually is going to recover then. I then still thought it would possible to happen again and feel not to worry anymore as this will surely be done in a few days from now. I'm not thinking of a long-term bearish season like it happens 2018-2020 but I've rather expect short drops.

The bear market at this time may surprise some investors because in the past few months many have targeted that there will be ath at the end of the month like last year and now the market is experiencing a correction but this, probably won't be long and there will be changes following the new year 2022

[Doell]

I don't get why the majority expects the market to be bullish only. It certainly is a correction deriving from a variety of reasons. I've read that it's due to the collapse of the NASDAQ index, which is closely correlated with Cryptocurrency for some reason. On top of that, the new Omicron virus strain is driving all markets downhill (see stock market, oil commodities, etc.).

maybe the majority think bitcoin continues to grow upwards without any hard correction ! Honestly I was surprised that the variant greatly affected is right also Tesla's stock price as well fall ! news also broadcast the same thing ,that stock market prices fall because of the new variant of covid ^{this issue is real I hope it won't be long}

[BuNga_cute]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

Perhaps, were still getting better despite the current dumping situation.  10% price reduction is just small, in fact, we've been in more than 50% before but the price and the entire market actually is going to recover then. I then still thought it would possible to happen again and feel not to worry anymore as this will surely be done in a few days from now. I'm not thinking of a long-term bearish season like it happens 2018-2020 but I've rather expect short drops.

The bear market at this time may surprise some investors because in the past few months many have targeted that there will be ath at the end of the month like last year and now the market is experiencing a correction but this, probably won't be long and there will be changes following the new year 2022

Although the decline in the price of Bitcoin has disappointed many investors, I believe there are still many investors who are still holding their Bitcoins.
So the possible decline in the price of Bitcoin that is happening now will not last long, I am optimistic that in the near future Bitcoin will soon rise
above the price of $50k again. We should see the Bitcoin price drop happening now as an opportunity to buy more Bitcoin at a low price. But if we
don't have money anymore to buy Bitcoin, at least we don't sell Bitcoin at a loss. As long as we can all be patient and don't panic about what's
happening now, everything will be fine, Bitcoin will recover soon. And I make sure people who believe in the future of Bitcoin, will profit from Bitcoin
in the future.

[Bollexz1]

So far I see no such thing as strong FUD spread. I want to believe its just a mere correction and have the mindset that it would bounce back within a short period of time.

[Ultegra134]

I don't get why the majority expects the market to be bullish only. It certainly is a correction deriving from a variety of reasons. I've read that it's due to the collapse of the NASDAQ index, which is closely correlated with Cryptocurrency for some reason. On top of that, the new Omicron virus strain is driving all markets downhill (see stock market, oil commodities, etc.).

maybe the majority think bitcoin continues to grow upwards without any hard correction ! Honestly I was surprised that the variant greatly affected is right also Tesla's stock price as well fall ! news also broadcast the same thing ,that stock market prices fall because of the new variant of covid ^{this issue is real I hope it won't be long}

Everyone is scared of the new variant, which is pretty logical, no one wants quarantine measures or even a lockdown. On the other hand, when viruses mutate, they become less deadly, so I'm not exactly sure why we see it as a negative thing, since it's usually a necessary evil. Anyway, I'm not an expert by any means, the whole world is at stake at the moment, I'm not surprised that cryptocurrency is affected too.

[pooya87]

Everyone is scared of the new variant, which is pretty logical, no one wants quarantine measures or even a lockdown. On the other hand, when viruses mutate, they become less deadly, so I'm not exactly sure why we see it as a negative thing, since it's usually a necessary evil. Anyway, I'm not an expert by any means, the whole world is at stake at the moment, I'm not surprised that cryptocurrency is affected too.

Your statement here is flawed because the new COVID variant known as Omicron was found a week ago and most markets have been reacting to it in a negative way and have dumped long before bitcoin showed any reaction.

Then after more than a week bitcoin decided to show attention to a new that was already old? That makes no sense to me. The big dump we saw yesterday was nothing more than a market manipulation in my opinion.

[og kush420]

Your statement here is flawed because the new COVID variant known as Omicron was found a week ago and most markets have been reacting to it in a negative way and have dumped long before bitcoin showed any reaction.

Then after more than a week bitcoin decided to show attention to a new that was already old? That makes no sense to me. The big dump we saw yesterday was nothing more than a market manipulation in my opinion.

Covid19 has positively effected crypto market not sure about impact of new variant on the market. IMO its just a normal market correction and btc will gain its previous price very soon. "Buy when everyone fears to buy - Warren Buffet", better buy it now rather then be fearful.

[GeorgeJohn]

It seems this situation and conditions push us to become a holder for some time and not try to enter the market because if the price is hard to analyze, we can not profit. Taking a break will be good for now while we can still watch how the market moves so if we see the chance to enter the market, we can directly enter and leave the market before it is too late.

It can't be too late because is very obvious that bitcoin will traceback, i think what we need right now is absolutely endurance, and besides some people purchased bitcoin when the value has not gotten to sixty thousand and till date they are still holding, if bitcoin happened to traceback within today and tomorrow, people that will sell with fear will definitely lose, i think by now some people suppose to encourage theyself via cryptocurrency market rotational structure, because i noticed that people always been curious to sell their bitcoin whenever the price is going against their imagination or expectations, let us hold for awhile hopping it will normalize.

[pooya87]

Covid19 has positively effected crypto market not sure about impact of new variant on the market. IMO its just a normal market correction and btc will gain its previous price very soon. "Buy when everyone fears to buy - Warren Buffet", better buy it now rather then be fearful.

I disagree. Covid didn't affect bitcoin market, it affected the world economy and then day traders who had bitcoin and saw the dump in other markets panic sold bitcoin for no reason. In fact the effects of this drop in bitcoin was short lived while they lasted much longer in other markets, some of them are still struggling with those effects while bitcoin went up 1200%. If Covid actually affected bitcoin, then its price shouldn't have gone up this much.

I also disagree with saying this is "just a normal market correction" because we already had the correction between 10 to 20 of November. Not to mention that $60k was the base line after the $39k to $70k in the preceding 3 months.

[aoluain]

Everyone is scared of the new variant, which is pretty logical, no one wants quarantine measures or even a lockdown. On the other hand, when viruses mutate, they become less deadly, so I'm not exactly sure why we see it as a negative thing, since it's usually a necessary evil. Anyway, I'm not an expert by any means, the whole world is at stake at the moment, I'm not surprised that cryptocurrency is affected too.

Your statement here is flawed because the new COVID variant known as Omicron was found a week ago and most markets have been reacting to it in a negative way and have dumped long before bitcoin showed any reaction.

Then after more than a week bitcoin decided to show attention to a new that was already old? That makes no sense to me. The big dump we saw yesterday was nothing more than a market manipulation in my opinion.

A market manipulation to liquidate the massive amount of leveraged long positions on
the market, once the longs start liquidating, its a domino effect tumbling the price down.

Likewise with the leveraged shorts when the market starts  pumping the shorts get
liquidated and the domino effect starts. I would imagine there are a lot of short
trades on the market by those who believe we are going lower.

[yazher]

The market right now is doing fine since it was able to stay at its high price despite the lack of good news about the crypto market these past few days. That's how strong the market situation is right now, unlike before where it will gonna crash for about 20%-40% when something like this has happened in the past. Looks like every investor nowadays can control their emotions by not listening to any Fud out there no matter where it came from.

[Fredomago]

So far I see no such thing as strong FUD spread. I want to believe its just a mere correction and have the mindset that it would bounce back within a short period of time.

Nope correction had long passed mate, when we fall down to below 40k and climbed back to 50-60k that is the time that we had the correction , i think the reason now is that there are some weak investors or at least manipulator that runs this fall, though they cannot make it that low(like the recent fall) yet they successfully make the market shaken .
so what we can do here?
keep our heads up and keep our coins intact , don't add value to those who makes the market down, we are the one who can help the market with our small contribution ,

[NelfiNovita]

I hope the decline in market prices recovers quickly, hopefully this decline will pass quickly after that there will be a big pump on Bitcoin and Altcoins. I saw that there was a very outrageous event happening on the BITMART exchange, there had been a hack of $150 million in cryptocurrencies.
Another piece of news is that the hackers are hard to track down because they send funds via a mix of Ethereum and Tornado Cash. I think this is the cause of the price of Bitcoin and Altcoin so down, I hope that in the near future the market price will recover with good news about cryptocurrencies.
https://www.theblockcrypto.com/linked/126367/crypto-exchange-bitmart-reportedly-hacked-for-100-million

[Ultegra134]

Covid19 has positively effected crypto market not sure about impact of new variant on the market. IMO its just a normal market correction and btc will gain its previous price very soon. "Buy when everyone fears to buy - Warren Buffet", better buy it now rather then be fearful.

I disagree. Covid didn't affect bitcoin market, it affected the world economy and then day traders who had bitcoin and saw the dump in other markets panic sold bitcoin for no reason. In fact the effects of this drop in bitcoin was short lived while they lasted much longer in other markets, some of them are still struggling with those effects while bitcoin went up 1200%. If Covid actually affected bitcoin, then its price shouldn't have gone up this much.

I also disagree with saying this is "just a normal market correction" because we already had the correction between 10 to 20 of November. Not to mention that $60k was the base line after the $39k to $70k in the preceding 3 months.

Isn't there some sort of correlation between the world economy (stock market, indexes etc.), with the cryptocurrency market? I also don't believe that Bitcoin is affected by Covid and the Omicron variant, however, the apocalypse of the new variant did affect the stock market, which could potentially have a negative impact on cryptocurrency, or am I wrong?

[Questat]

I hope the decline in market prices recovers quickly, hopefully this decline will pass quickly after that there will be a big pump on Bitcoin and Altcoins. I saw that there was a very outrageous event happening on the BITMART exchange, there had been a hack of $150 million in cryptocurrencies.
Another piece of news is that the hackers are hard to track down because they send funds via a mix of Ethereum and Tornado Cash. I think this is the cause of the price of Bitcoin and Altcoin so down, I hope that in the near future the market price will recover with good news about cryptocurrencies.
https://www.theblockcrypto.com/linked/126367/crypto-exchange-bitmart-reportedly-hacked-for-100-million

With the vulnerability of the market to hacking, we can't stop and rid of things like this. May this serves as a heartbreaking scenario that everyone could be the target but I'm sure this is not the reason for the sudden dumps. I suspected that whales are doing this and huge dumps of their controlled coins in order to create such a declining trend. But we don't need to worry, I think as I believe that this won't get long and the recovery commences shortly.

[Obito]

So far I see no such thing as strong FUD spread. I want to believe its just a mere correction and have the mindset that it would bounce back within a short period of time.

There's also the possibility that the unemployment claims in the US might've caused the crash but I am not sure if that's one of the driving forces that's causing all of this dump, it was actually a good day to buy some crypto since it's all going down so what better time to buy when the prices are reduced right?

[slaman29]

I don't get why the majority expects the market to be bullish only. It certainly is a correction deriving from a variety of reasons. I've read that it's due to the collapse of the NASDAQ index, which is closely correlated with Cryptocurrency for some reason. On top of that, the new Omicron virus strain is driving all markets downhill (see stock market, oil commodities, etc.).

It's making money so of course everyone talks about making money. Look at stock markets, look at precious metals markets, even forex markets. Everyone is always bullish and expecting bullish directions only until the bear comes and they can't deny the market is down... although actually even in a crash majority of people say this can only mean going upwards;)

Real estate, retail, everywhere. Crypto people are the examples of the highest of all this behavior.

[ivankoh]

Your statement here is flawed because the new COVID variant known as Omicron was found a week ago and most markets have been reacting to it in a negative way and have dumped long before bitcoin showed any reaction.

I think bitcoin's position in the bull cycle is not affected by the new variant of covid19 it is just a state created to try to increase the position of the bulls mining the community FUD sentiment . 1.3 billion liquidated below shorts shows that elements can be actively created. Interspersed with hacks that look coincidental. Damn it, it takes up many advantages

[livingfree]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

Not only during December but take it as a normal pullback for the whole market. There's no certain season that it chooses.

You just can't expect to be moving up unstoppable but it has to go through this dip because it's a way of balancing the market. If there's no correction, it would be more fearful to look at it as is.

It's just a pullback so don't think of it as a bearish run. We're yet to see the actual sign of it.

[Fredomago]

So far I see no such thing as strong FUD spread. I want to believe its just a mere correction and have the mindset that it would bounce back within a short period of time.

There's also the possibility that the unemployment claims in the US might've caused the crash but I am not sure if that's one of the driving forces that's causing all of this dump, it was actually a good day to buy some crypto since it's all going down so what better time to buy when the prices are reduced right?

Just like buying inside the mall, you always looking for the sale right? using the same concept but not forgetting to do your DYOR.
The market still down and most of those who continue to sell their coins are fearing that they might lose their whole investment,
trying to limit or cutting their losses.

Investing without proper knowledge will surely end you up doing this, losing portions of your initial investment and the chance that you will keep doing it from time to time is unavoidable.

[noah tall]

I can say that in the December the whales withdraw a big amount from crypto market for Christmas . So market getting dump in every December also some coins are in hype because of there launchpad. Other cause may be shifting of money for one to another .

[Botnake]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

Not only during December but take it as a normal pullback for the whole market. There's no certain season that it chooses.

You just can't expect to be moving up unstoppable but it has to go through this dip because it's a way of balancing the market. If there's no correction, it would be more fearful to look at it as is.

It's just a pullback so don't think of it as a bearish run. We're yet to see the actual sign of it.

Right. Just think of it as a normal scenario that do appears after a bullish season and since the people will be spending for this holidays, crypto prices will definitely be more dumping. Aside from that, this new covid variant is affecting the whole market industry, same with what we had with those previous issues of covid. But i know all these things will be temporary and bitcoin and the rest of promising coins will certainly move upwards once the market returns to normal. We are not yet bearish, neither bullish this time.

[Leviathan.007]

I don't understand why people are always asking for the reason whenever the price falls even for a few days in the bitcoin market. If you understand the market you know there should be always a price correction and sometimes complex and side movements to save the potential for higher targets, there is where the bears should make their hands empty and it's not just about bitcoin but in any market that's necessary and nothing abnormal, during this time market give us a discount you buy more and smart people will use this chance to increase their assets with cheaper bitcoins.

[pooya87]

I would imagine there are a lot of short
trades on the market by those who believe we are going lower.

You are partially right but that wasn't the starter of the dump. Because when I look at the number of shorts on Bitfinex for example and compare it with how price changed I can't see an increased number of shorts before the dump, but mainly after the dump starts and a major support is broken. Then another final peak is when the drop has stopped.

The first peak in shorts happens when price reaches $52000 then it drops when price recovers a bit and stays there but then drops significantly until the second peak when price breaks $50k support then it starts piling on and pushes the price lower but a little until we reach $49k then falls off. The final peak is the volatile $40k range.

Isn't there some sort of correlation between the world economy (stock market, indexes etc.), with the cryptocurrency market? I also don't believe that Bitcoin is affected by Covid and the Omicron variant, however, the apocalypse of the new variant did affect the stock market, which could potentially have a negative impact on cryptocurrency, or am I wrong?

Well it is hard to say. Obviously the global economy affects bitcoin but in what way, we can not yet say. Some believe when the world economy fails, bitcoin will thrive and some say bitcoin will follow it down. So far all I've seen was an independent market that moves on its own regardless of what is happening in other markets.

Additionally you should see the timings. When the news about the new virus variant came out sock market crashed right away but bitcoin didn't show any reaction, in fact I made a post in a topic in speculation board about how bitcoin has gone up $4000 during that time mocking those who keep insisting bitcoin follows stock market. Then 5 days after stock market crash began, suddenly we see bitcoin price drops.
At least when the pandemic began and bitcoin price crashed it was right away as other markets were crashing too.

[Zanab247]

Bitcoin dumping is for a reason, either for more traders to buy more bitcoin and hold until the price move higher before they can release them for sale to enable them to make a good profit. Whenever bitcoin price start dumping in the month of december is a sign that the price is about to increase higher in the exchange market for traders to achieve their profits from the market.
Many altcoins that is dumping correctly, is for altcoin investors to recover from their losses they have experienced few months ago in the community. Those altcoins dumping in the market, is a sign of season for many altcoins investors to invest more money on altcoins to be  part of profits making in the community.

[davis196]

I guess that the October Bitcoin price pump was just a price bubble,which was caused by news about a Bitcoin ETF and the wave of optimism,since the October China FUD failed.
That Bitcoin price bubble popped and we are returning to the price levels before October-somewhere between 36-44K USD.I assume that we will have to wait to a few months,before the price pumping back to 50-65K USD.
Congrats to all the people who sold some BTC at 50-68K USD.You made a decent profit.
Now we all have to just HODL and wait for the market to recover.

[Lizzylove1]

The market has been very bullish printing alot of $$$, if I were to be honest, a correction was needed in other to prepare for another double leg up. How long this correction is going to last is not something I can really tell. I personally don't think we have entered the bear market, with the raging fire of the Metaverse, I believe we are still going to experience some good fire works.

[24Kt]

Bitcoin dumping is for a reason, either for more traders to buy more bitcoin and hold until the price move higher before they can release them for sale to enable them to make a good profit. Whenever bitcoin price start dumping in the month of december is a sign that the price is about to increase higher in the exchange market for traders to achieve their profits from the market.
Many altcoins that is dumping correctly, is for altcoin investors to recover from their losses they have experienced few months ago in the community. Those altcoins dumping in the market, is a sign of season for many altcoins investors to invest more money on altcoins to be  part of profits making in the community.

This is what I am feeling also as this phase is like accumulation phase for those who can afford to buy more. People should not panic as the adoption is quite different today. So I don't think we need to compare what is happening in the market from previous years. Not looking for reason of dumping the price as one can't pinpoint exactly why. But for those who are accumulating more just like El Salvador, it means, they strongly believe there's good future in btc. Because if not, why are they shelling millions of dollars to buy btc?

[Slow death]

I can say that in the December the whales withdraw a big amount from crypto market for Christmas . So market getting dump in every December also some coins are in hype because of there launchpad. Other cause may be shifting of money for one to another .

if there's one thing I noticed in this crypto market:

whales and hodl don't sell bitcoin to buy christmas stuff, they have real world money to buy christmas stuff

these guys who make Hodl or whales are making long term investments, they can only sell to buy low, but they don't sell to spend.

[South Park]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

At least to me people waste too much time trying to find reasons for behaviors in the market that can be easily explained by just the supply and demand of bitcoin and its inherent volatility, there is not really much to explain, bitcoin went down simply because too many people sold their coins at the same time, and I think this has to do with traders using too much leverage to the point that a significant movement wiped them out forcing them to sell their coins at whatever price they could get, decreasing the price even more in the process.

[Vaculin]

I can say that in the December the whales withdraw a big amount from crypto market for Christmas . So market getting dump in every December also some coins are in hype because of there launchpad. Other cause may be shifting of money for one to another .

if there's one thing I noticed in this crypto market:

whales and hodl don't sell bitcoin to buy christmas stuff, they have real world money to buy christmas stuff

these guys who make Hodl or whales are making long term investments, they can only sell to buy low, but they don't sell to spend.

Whales are more known to have bundle of money so they can spend as much as they want without touching their cryptos. But for regular hodlers, i think they also plan to have some funds for this holiday season so they will probably sell some of their coins. So its not really surprising that there will be price dumps these days as more people are going to spend than to save. And its always a trend every december, but after this we will still witness price recovery once all these activities will be over.

[Boov]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

The reasons was due to people facing a lot of struggles during the danger zone of each and everybody's financial situation. Fud and other related circumstances was making it so hard to survive, yet many also strive harder in order to sustain despite of every challenges. As we can see the dip isn't that worst compared from previous year, hopefully this would only take temporarily and not that bearish.

[savetheFORUM]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

My advice would be that you should wait and have patience for now. Yes, the market is really done, and a lot of people will be afraid now and they would start selling their assets because they don’t want to lose their money. But personally, I think those who are going to benefit more from this are those who are able to have patience for now. Just because it is going down doesn’t mean that it is going to keep going down till December is over, there is still much chance that it will increase.

Look at the past charts, especially in 2017, you would see that there was a time before December was over the market went down the same way, but that was the same time that the market went up and reached a new all time high price.

[livingfree]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

Not only during December but take it as a normal pullback for the whole market. There's no certain season that it chooses.

You just can't expect to be moving up unstoppable but it has to go through this dip because it's a way of balancing the market. If there's no correction, it would be more fearful to look at it as is.

It's just a pullback so don't think of it as a bearish run. We're yet to see the actual sign of it.

Right. Just think of it as a normal scenario that do appears after a bullish season and since the people will be spending for this holidays, crypto prices will definitely be more dumping. Aside from that, this new covid variant is affecting the whole market industry, same with what we had with those previous issues of covid. But i know all these things will be temporary and bitcoin and the rest of promising coins will certainly move upwards once the market returns to normal. We are not yet bearish, neither bullish this time.

Yeah.

That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.

If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.

[dansus021]

first of all the dump can happen because many reason all the reason that give before i post is can be the reason and why the altcoin is also dump it because  some of coin have btc pair so what happen on bitcoin will also take effect on the altcoin some trader call it 'bitcoin wave' when bitcoin price drop with large red candle all the altcoin will take the effect like chain. its happen also on bullish altcoin some with small red candle

[slaman29]

That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.

If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.

We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.

Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.

[livingfree]

That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.

If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.

We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.

Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.

It could also be that the new variant of covid-19 made the market plunge.

But the thing from last year is totally different, we still don't know what's next that shall come to the market.

[freedomgo]

That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.

If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.

We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.

Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.

That's true, If you look at previous years it was even worse than this and I at that time felt angry and very confused because of the decline, But now it's different, I used to be a person who always panicked with declines but for now I'm trying to relax because The concept that I hold today is that where there is a decline and correction, that's where the blessing is to get more assets and there will definitely be an increase after that.
Precisely for now I feel this is a blessing because I can add and buy the assets I want at a discounted price

If you really look positively in times where prices are declining due to correction, its not the time to be confused nor worried because its a usual scenario that is a part of the crypto market cycle. Before you expect for a bull run to come, there will always be price corrections that will dump the prices of the coins but this will always be temporary. This will even create a higher support level when the market recovers.  No wonder that after a correction, bitcoin and those main altcoins are bound to reach a new ATH with higher prices due to the past correction.

[milewilda]

first of all the dump can happen because many reason all the reason that give before i post is can be the reason and why the altcoin is also dump it because  some of coin have btc pair so what happen on bitcoin will also take effect on the altcoin some trader call it 'bitcoin wave' when bitcoin price drop with large red candle all the altcoin will take the effect like chain. its happen also on bullish altcoin some with small red candle

Whenever Bitcoin is on bearish mode or trend then its no surprise that altcoins would follow the bandwagon yet Bitcoin is the main trend setter even though there are altcoins which do really go oppose on what bitcoin had able to attain or into its movement but only a few would able to do so because everything
will vary on the demand and if a certain coin would have its own path then good for those who had invested and been trading off with it.
This isnt always the case though because decisions will vary on someones own personal judgment.

[Gyfts]

That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.

If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.

We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.

Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.

It could also be that the new variant of covid-19 made the market plunge.

But the thing from last year is totally different, we still don't know what's next that shall come to the market.

The variant is 100 percent the reason.

People don't get this.

The reaction to the new variant was not by virtue of Covid, or the new variant, itself. It was a reaction of a reaction. The market essentially predicted that new lockdowns, mandates, and lesser economic activity would formulate as a result of government policy in response to the variant because the track record is indicative of authoritarian top-down control in the name of "safety." Turns out that even in the event of a mild variant, the government became stricter with their controls, and with that comes less economic activity. Markets react to these sorts of things, it's not difficult to recognize the sham after having gone through (3?) variants now.

[Wipeout2097]

There may be certain reasons behind it like freeze offering due to dump,And whales make freeze or may be any news which have negative ipact on crypto. We've been up for so long and I figure it's around time for a redress which we have right presently. All other coins are encountering gigantic dumps, and it's reasonable seeing how bitcoin tumbled as of late. Right presently, I would still hold up and see until I purchase coins again.I accept dump is an opportunity you'll be able purchase more in less and offer it in high.

[Alisha FR]

Market dynamics sometimes make what we think is far from reality. the dump could have been influenced by the whale withdrawing all its assets in bitcoin, another factor also emerged from the influential social media users in the crypto world. however, the altcoin dump factor in general always follows bitcoin. This is indeed undeniable with the state of the market.

[slaman29]

We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.

Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.

That's true, If you look at previous years it was even worse than this and I at that time felt angry and very confused because of the decline, But now it's different, I used to be a person who always panicked with declines but for now I'm trying to relax because The concept that I hold today is that where there is a decline and correction, that's where the blessing is to get more assets and there will definitely be an increase after that.
Precisely for now I feel this is a blessing because I can add and buy the assets I want at a discounted price

Trying to relax? Haha, if a 15% drop still needs you to try, when you've lived through worst before, then maybe you really have to reconsider crypto because this is, I repeat, this is very normal.

And you should expect it to get even worse than this because this recovery will fool a lot more people into thinking this is the worst it can get, but no sir, it can get a lot more worse before it gets better!

[UmerIdrees]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

When you see such a big dump, it is not easy to recover it within days or a week. We can see that bitcoin prices are struggling to stable above 50K and there is a lot of volatility in the market. If bitcoin lost the support of 48000$, we may have to see another dump to 40K. This will be bad or the market and altcoins will further bleed if this happens.

[livingfree]

That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.

If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.

We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.

Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.

It could also be that the new variant of covid-19 made the market plunge.

But the thing from last year is totally different, we still don't know what's next that shall come to the market.

The variant is 100 percent the reason.

People don't get this.

The reaction to the new variant was not by virtue of Covid, or the new variant, itself. It was a reaction of a reaction. The market essentially predicted that new lockdowns, mandates, and lesser economic activity would formulate as a result of government policy in response to the variant because the track record is indicative of authoritarian top-down control in the name of "safety." Turns out that even in the event of a mild variant, the government became stricter with their controls, and with that comes less economic activity. Markets react to these sorts of things, it's not difficult to recognize the sham after having gone through (3?) variants now.

Yeah, I assume it was.

That was a quick reaction not just in the crypto market but also in the other. You're right that reaction has been made when most of the whales and investors have assumed that there will go another economy downturn for most of the nations due to this new variant.

[Fakhrulenclix]

I think it's time for a correction against bitcoin. bitcoin has been around for far too long at an ever-increasing price, the market play continues on supply and demand. bitcoin has a huge influence on altcoins, when bitcoins are dumped, other alts generally follow to be discarded. Various factors can occur due to global crises such as covid-19 and also many investors withdraw their assets.

[Wysi]

I think it's time for a correction against bitcoin. bitcoin has been around for far too long at an ever-increasing price, the market play continues on supply and demand. bitcoin has a huge influence on altcoins, when bitcoins are dumped, other alts generally follow to be discarded. Various factors can occur due to global crises such as covid-19 and also many investors withdraw their assets.

Yes we are going through correction phase and things have changed a lot from the day I made this post till today because when I made this post Bitcoin was recovering quickly and it felt like it will leap forward but then it dropped again due to various factors like Omicron outbreak, whales dumping it but I don't think it will crash since we have other set of people who are buying on every dip and big organisations buying Bitcoin in huge quantity, I think once we surpass this correction phase we will see good pump in value of bitcoin which will pull the altcoins as well.

[alpamar99]

because altcoins always refer to bitcoin.
In simple terms, when bitcoin goes up, altcoins will go down first and then go up and when bitcoin goes down, altcoins will also fall at a very deep price
Actually there are several speculations that I heard and read about this decline, one of which is the new variant of covid which is still rampant.
but on the other hand I feel this is the usual correction because bitcoin needs something like this after rising and reaching a new ath

[dunfida]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

It's because of FUD or just a market correction but just take it easy don't be a panic seller because it was expected as market usually crashes before a big pump. Whatever the reason behind this sudden market drop, it's a good chance to buy bitcoin and other potential altcoins as long as you have capital and then just hold and wait the market to recover.

People do really love of finding out reasons on particular situations like market correction or crash on where  they do seek of those things of which they should realize that this is how the market works and instead of freaking out then it would be better if you do play smart and  wise.

If there would be some correction then there would be always that recovery because we cant just have  a market which would really be only having
that single possible movement.

Thing here  is that you wont know on when it would happen.

[Wawa2013]

because altcoins always refer to bitcoin.
In simple terms, when bitcoin goes up, altcoins will go down first and then go up and when bitcoin goes down, altcoins will also fall at a very deep price
Actually there are several speculations that I heard and read about this decline, one of which is the new variant of covid which is still rampant.
but on the other hand I feel this is the usual correction because bitcoin needs something like this after rising and reaching a new ath

Bitcoin does have to experience a decline like it is now first to be able to reach the next new ATH, because Bitcoin this year has gone up very drastically.
So it is impossible for the price of Bitcoin to continue to rise without a price decline first. So we don't need to panic seeing the current decline in Bitcoin
prices, because this is a normal thing that happens to Bitcoin. Then most of the altcoins are very affected by Bitcoin price movements, so it's no surprise
that the prices of most altcoins are dropping as well right now.

For people who have been in the crypto world for a long time, must be used to the price drops that occur in Bitcoin and altcoins. Because indeed
the occurrence of price drops in Bitcoin and altcoins has happened before, even Bitcoin and altcoins have fallen in price deeper than they are today.
Everything will be fine as long as we hold potential coins, because if we choose the right coins, how far down the price will go up again someday.
So for now there is not much we can do other than be patient waiting for the market to recover again.

[Ziskinberg]

Major corrections have happened again and that seems a normal scenario in a volatile market. However, it is not to wonder why many people were still thinking it bad and get panicking. Well, they are just new to this situation and do not clearly understand how volatility works. But base on my observation, these corrections give a boost to the market, a reason for making a new ATH. It increases market demand pushing prices to rise which many people never see as they badly think about losing their money.

[KaliLinux]

Some say FED is going to hike the interest rates, some say the reason was Omicron, some say the markets are simply overbought so it needed to correct itself. Could be anything. Maybe some rich whales just decided to buy some nice shiny stuff because why not? Maybe the reason was all of them stated above. We can't know it for sure. My guess is it is about the FED mostly.

I also believe it is all of the above   but this is nothing that investors haven't seen before with the market and it will pass and again it will happen in the future and there will be other reasons people will say are responsible and for whatever reason it dumped, I do however believe in Bitcoin and the general market that after seasons like this, it will continue on its part again.

[Boardmangetpaid]

Well, I think the reason for the dumping is the never-ending issue with Evergrande. And sadly, altcoins followed through. But if you're in crypto for a long time you would appreciate these dips, even MicroStrategy just bought a huge amount of btc recently, and they are not dumb enough to get rekt. This is actually a big signal for us to hold and continue to accumulate the coins we believe in. I just filling up my bag for $CHAIN and $ANRX as I believe they'll x10 easily by the first quarter of 2022

[geegaw]

I think it's time for a correction against bitcoin. bitcoin has been around for far too long at an ever-increasing price, the market play continues on supply and demand. bitcoin has a huge influence on altcoins, when bitcoins are dumped, other alts generally follow to be discarded. Various factors can occur due to global crises such as covid-19 and also many investors withdraw their assets.

Indeed, firstly ignoring the sad years ago, bitcoin is no longer going by old-fashioned stairs and cramped, this year it has gone by elevator, performance in the first year of testing was amazing as the high tiers that were once challenging for bitcoin started to become a lot simpler, and like many other projects, a completed survey will require reporting and summarization, besides, the higher floors are also unfinished and are under construction and programming. Dumping is just a rest and recovery, Covid is just adding meaning to the narrative's justification, which very quickly becomes completely meaningless

[Reatim]

Well, I think the reason for the dumping is the never-ending issue with Evergrande. And sadly, altcoins followed through. But if you're in crypto for a long time you would appreciate these dips, even MicroStrategy just bought a huge amount of btc recently, and they are not dumb enough to get rekt. This is actually a big signal for us to hold and continue to accumulate the coins we believe in. I just filling up my bag for $CHAIN and $ANRX as I believe they'll x10 easily by the first quarter of 2022

Pleas stop spreading lies because we all know that you are only here to provide luring of SHitcoins and finding victims that will invest on it.

x10 easily? where did you find this words? have you foreseen the future? and you can selll your house and cars just to invest in this coin because this can easily reach x10?

[riskarcher]

I'm just thinking about the worst case scenario in the crypto market, will crypto winter happen again? when we see from history this always happens at the end of the year. I just hope that this year will be very different from 4 years ago with NFT, Metaverse, and Defi being the main factors for crypto to survive. all I can do is wait and see waiting for the right moment to enter the market again because bitcoin and altcoins are still not good performence to pump again

[alpamar99]

because altcoins always refer to bitcoin.
In simple terms, when bitcoin goes up, altcoins will go down first and then go up and when bitcoin goes down, altcoins will also fall at a very deep price
Actually there are several speculations that I heard and read about this decline, one of which is the new variant of covid which is still rampant.
but on the other hand I feel this is the usual correction because bitcoin needs something like this after rising and reaching a new ath

Bitcoin does have to experience a decline like it is now first to be able to reach the next new ATH, because Bitcoin this year has gone up very drastically.
So it is impossible for the price of Bitcoin to continue to rise without a price decline first. So we don't need to panic seeing the current decline in Bitcoin
prices, because this is a normal thing that happens to Bitcoin. Then most of the altcoins are very affected by Bitcoin price movements, so it's no surprise
that the prices of most altcoins are dropping as well right now.

For people who have been in the crypto world for a long time, must be used to the price drops that occur in Bitcoin and altcoins. Because indeed
the occurrence of price drops in Bitcoin and altcoins has happened before, even Bitcoin and altcoins have fallen in price deeper than they are today.
Everything will be fine as long as we hold potential coins, because if we choose the right coins, how far down the price will go up again someday.
So for now there is not much we can do other than be patient waiting for the market to recover again.

as you said, there must be a foothold before we can get to the top and that footing is the correction that is now happening.
Logically, when we go up to a higher place, we must have tools for footing so that we can go further, and the bigger the footing, the higher we climb.
Likewise here, we must have a pretty good footing in this case is a correction like now.
With a foothold like this, it is hoped that bitcoin can climb again quite high

[WatchMaker]

That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.

If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.

We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.

Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.

It could also be that the new variant of covid-19 made the market plunge.

But the thing from last year is totally different, we still don't know what's next that shall come to the market.

The variant is 100 percent the reason.

People don't get this.

The reaction to the new variant was not by virtue of Covid, or the new variant, itself. It was a reaction of a reaction. The market essentially predicted that new lockdowns, mandates, and lesser economic activity would formulate as a result of government policy in response to the variant because the track record is indicative of authoritarian top-down control in the name of "safety." Turns out that even in the event of a mild variant, the government became stricter with their controls, and with that comes less economic activity. Markets react to these sorts of things, it's not difficult to recognize the sham after having gone through (3?) variants now.

Yeah, I assume it was.

That was a quick reaction not just in the crypto market but also in the other. You're right that reaction has been made when most of the whales and investors have assumed that there will go another economy downturn for most of the nations due to this new variant.

It's December baby, most bitcoin investors are trying to sell now before the holidays. Normally, during December most of the bitcoin and cryptocurrency investors are cashing out for profits that is what causes the cryptocurrencies price to crash badly. I saw a lot of people complaining about the current market conditions but hey this is normal because it happened before and it is going to happen in the future.   

[yurekaa]

actually, every chart in every trading, will have the 'dump' and 'pump' schemes,
its mean when the chart is too high up, it will down for a while ( this name is correction ) the mean of correction are, the trend will find the good position to go up / go down. so in this case we have the resistance line and support line, when one of the line reached, it will make the another line. it will happen forever.
this thing is technical analysis, so if you want to read the chart, i suggest you to learn about technical analysis

[Anonylz]

People ask the reason for the pump when the price is up, they will also ask the reason for the dump when the price is down, these questions will always come up regardless of what market condition we are in, after so much pump this year, isn't it normal if the price will correct down a bit, it was already expected
and since most of us are already familiar with the system it shouldn't come as a surprise.

[deadmousehat]

I think this is just a normal correction and many people panic sell or just take profit because December is the time to go on vacation. I'm just thinking positively about the causes that made the bitcoin price go down and is the right time for me to buy more.

[Ozero]

It is worth understanding that the exact reason is generally unlikely to say. Do not forget that less than a month ago, Bitcoin predicted growth to 100 thousand.

Yes, when the price of bitcoin was growing and was stable at more than $ 60,000, almost everyone predicted its price by the end of the year at about one hundred thousand dollars. Now the price of bitcoin has fallen to $ 46,819, and the fall has already been slightly delayed in time, and therefore they simply prefer not to remember the optimistic forecasts and it is logical that the question arises of how long this will continue and whether the current fall will not be even deeper. The end of the year and the beginning of the next year were almost always a period of price volatility, but rarely when during this period the cryptocurrency has already grown. Therefore, in all likelihood, we will have to wait for a good price growth, probably, for several months.

[AmoreJaz]

It is worth understanding that the exact reason is generally unlikely to say. Do not forget that less than a month ago, Bitcoin predicted growth to 100 thousand.

Yes, when the price of bitcoin was growing and was stable at more than $ 60,000, almost everyone predicted its price by the end of the year at about one hundred thousand dollars. Now the price of bitcoin has fallen to $ 46,819, and the fall has already been slightly delayed in time, and therefore they simply prefer not to remember the optimistic forecasts and it is logical that the question arises of how long this will continue and whether the current fall will not be even deeper. The end of the year and the beginning of the next year were almost always a period of price volatility, but rarely when during this period the cryptocurrency has already grown. Therefore, in all likelihood, we will have to wait for a good price growth, probably, for several months.

once we start seeing the btc price in increasing trend again, people will be optimistic again. this is just a cycle. there are various factors that contribute what is happening in the market, and identifying may not be worth your time. just keep up with the news and strategise on how to accumulate more worthwhile projects while the market is down. because once it is recovering, you may regret that you haven't gotten a hold of promising coins.

[South Park]

I'm just thinking about the worst case scenario in the crypto market, will crypto winter happen again? when we see from history this always happens at the end of the year. I just hope that this year will be very different from 4 years ago with NFT, Metaverse, and Defi being the main factors for crypto to survive. all I can do is wait and see waiting for the right moment to enter the market again because bitcoin and altcoins are still not good performence to pump again

I think the biggest factor that could delay or even prevent another crypto winter are institutional investors, back then we went through a massive bubble but once the market began going down no one was willing to risk buying when the price was crashing and this made the drop even larger, but now we have institutional investors that are willing to buy the dip and reduce the average cost of their coins, so in the case we see another crash I do not think it will be as bad or as long as the crypto winter that followed after the bubble of 2017.

[barabarian1]

the end of the year, many people expect with big explosion, to gain massive profit. pump and dump will be common thing in crypto, not only end of year, also the other news from some country.
this is common thing, you need to trading or collect it as much as you can. and this one will determine who get the big value.
and holding is good for people who wont think about complicated thing.

[lepbagong]

the end of the year, many people expect with big explosion, to gain massive profit. pump and dump will be common thing in crypto, not only end of year, also the other news from some country.
this is common thing, you need to trading or collect it as much as you can. and this one will determine who get the big value.
and holding is good for people who wont think about complicated thing.

it's just a matter of how to prepare yourself for the situation that occurs at the end of the year, whether you have predicted correctly and prepared the available funds, because that opportunity is always well open and may not be possible at other times. Opportunities can sometimes be missed because we ourselves do not prepare well even though the opportunity is real and is in front of our eyes, we just need to carry out executions as well as possible.

[btc78]

the end of the year, many people expect with big explosion, to gain massive profit. pump and dump will be common thing in crypto, not only end of year, also the other news from some country.
this is common thing, you need to trading or collect it as much as you can. and this one will determine who get the big value.
and holding is good for people who wont think about complicated thing.

it's just a matter of how to prepare yourself for the situation that occurs at the end of the year, whether you have predicted correctly and prepared the available funds, because that opportunity is always well open and may not be possible at other times. Opportunities can sometimes be missed because we ourselves do not prepare well even though the opportunity is real and is in front of our eyes, we just need to carry out executions as well as possible.

It is the greedy attitude that mostly cause the losses, because many of those who entered this market are just here for quick income i mean profiting multiple times and that is their goal so what happen in time is that they get nothing instead beyond their expectation are failure.

It is worth understanding that the exact reason is generally unlikely to say. Do not forget that less than a month ago, Bitcoin predicted growth to 100 thousand.

If you believe that bitcoin will reach 100k this year then you are one of those who are failed now? you are one of those who are trapped in this bear season lol

[JohnBitCo]

It is worth understanding that the exact reason is generally unlikely to say. Do not forget that less than a month ago, Bitcoin predicted growth to 100 thousand.

Bitcoin is still likely to go 100 thousand dollars or even beyond but it may not happen in this year. Who knows that 2022, might be the year when we may see bitcoin over a 100 thousand dollar.
Weaker hands will cash out at current prices but only the holders will benefit from higher bitcoin prices.

[ancafe]

the end of the year, many people expect with big explosion, to gain massive profit. pump and dump will be common thing in crypto, not only end of year, also the other news from some country.
this is common thing, you need to trading or collect it as much as you can. and this one will determine who get the big value.
and holding is good for people who wont think about complicated thing.

Well, actually I also expect a high price increase by the end of this year. however, I'm not that surprised to see the current price dump, as I feel this is the norm at the end of the year. well, people need money for christmas and new year, i think people will sell some of their assets for that purpose. In addition, if you look at it from year to year, December sometimes shows a decline in crypto prices.
it's just, I think that the current price and situation is still much better than in previous years. well, for now, I expect the price of bitcoin and other altcoins to recover in early 2022.

[Finestream]

the end of the year, many people expect with big explosion, to gain massive profit. pump and dump will be common thing in crypto, not only end of year, also the other news from some country.
this is common thing, you need to trading or collect it as much as you can. and this one will determine who get the big value.
and holding is good for people who wont think about complicated thing.

Well, actually I also expect a high price increase by the end of this year. however, I'm not that surprised to see the current price dump, as I feel this is the norm at the end of the year. well, people need money for christmas and new year, i think people will sell some of their assets for that purpose. In addition, if you look at it from year to year, December sometimes shows a decline in crypto prices.
it's just, I think that the current price and situation is still much better than in previous years. well, for now, I expect the price of bitcoin and other altcoins to recover in early 2022.

What we have at the present is definitely far better than those previous years as bitcoin which has a current price of $48,464 is still considered higher compared to last year. But the current price decline is also a good thing to consider because it will push bitcoin and for some major altcoins to reach a higher ATH but things have become so hard for newly investors that they start doubting bitcoin if it will recover again. Although for us who have been here for long, what is happening is a natural scenario but for newcomers, they are mostly threatened with the current market condition.

[slaman29]

Trying to relax? Haha, if a 15% drop still needs you to try, when you've lived through worst before, then maybe you really have to reconsider crypto because this is, I repeat, this is very normal.

And you should expect it to get even worse than this because this recovery will fool a lot more people into thinking this is the worst it can get, but no sir, it can get a lot more worse before it gets better!

Actually I feel this is a reflection of myself because basically the concept I apply in trading is wrong and puts too much emphasis on ego and greed. and maybe when the downturn occurs maybe a little panic is certainly a normal course of action as you say, but basically if you look further there is no reason to panic when you have to sell assets.
this is a stupid act, it's a loss why sell it because there will definitely be another increase if you really believe and are sure that the fundamentals are good.
relax maybe it will make me forget for a moment my greed and ego

Yes my friend, I think you really need to stop what you're doing and examine yourself carefully.

1. Trading that puts any emphasis at all on ego and greed is wrong. Trading must be as emotionless as possible, which is why you use stops and limits at all times
2. Panic is normal, but as point above says, make sure you only use limits and stops, and don't watch your trading, check in later to see.
3. Invest money you can afford to lose, this helps reduce panic.

And back up to my earlier point, don't trade. Invest and hodl. Life is sweeter this way.

[IamWealth]

It might probably be the market correcting and also if it’s about the new COVID variant, then the drop is only temporary. The market is actually not so predictable right now. Opportunity for certain people to join the train at discount price🙃

[Ararbermas]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

probably most gainers wants to keep their profits for good i mean for xmas as well reasons market suddenly turn into bearish.. Its very skeptical indeed wherein to let your money floating especially on this month wherein you know that most people need money. Lol maybe month of January there will be a changes again as it's the right time again to make investment for long run. A new beginning! 

[AicecreaME]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

I think this is just the usual December pullback trend plus other factors such as fear of the new covid-19 variant which is omicron, government regulations and concerns, market correction, and whales making various movement that causes downtrend. So just the same usual reasons + the pandemic threat which explains the red color in the market for the past few days already. I think this is just temporary and sooner, bitcoin together with other coins will eventually bounce back. Hopefully, the market will recover in the early quarter of 2022 for those people who wanted to withdraw some funds. Because right now, it isn't really ideal to sell because price positions are low. Although I must say it is very ideal to buy and go shopping right now because everything is on "sale". This is a great opportunity to buy the dip on those reputable coins. If you plan to stay for the long term, you should not worry so much because bitcoin will regain its price position in no time. You just have to have patience to wait. Crypto isn't for the faint-hearted people. Buy the fear, sell the greed.

[rozak]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

probably most gainers wants to keep their profits for good i mean for xmas as well reasons market suddenly turn into bearish.. Its very skeptical indeed wherein to let your money floating especially on this month wherein you know that most people need money. Lol maybe month of January there will be a changes again as it's the right time again to make investment for long run. A new beginning! 

withdrawing their money for vacation purposes for example (because of the end of the year), I don't think it is very good for long-time holders in the crypto market.
indeed we can see this market cycle with some past market trends. but it is not a reference in my opinion.
Usually, those who carry out such asset management strategies are day traders and medium-term investors. as for the long-term holders, I believe they still hold their bitcoins along with several other assets.

[WButler89]

Bitcoin has a big advantage over other cryptocurrencies and even fiat currencies such as the US dollar or the euro, as it protects against inflation over time. Unlike other currencies, the supply of bitcoin tokens is limited. Therefore, its popularity and price will only increase over time.
The price of bitcoin may experience short-term fluctuations, but in the long-term period, it will only rise. So,my advise - take it easy and keep waiting for your profit...

[onecall123]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

probably most gainers wants to keep their profits for good i mean for xmas as well reasons market suddenly turn into bearish.. Its very skeptical indeed wherein to let your money floating especially on this month wherein you know that most people need money. Lol maybe month of January there will be a changes again as it's the right time again to make investment for long run. A new beginning! 

Bitcoin proceeded with lower on Wednesday as bullish opinion blurs. As result, the whole market unperformed as Bitcoin dips below 48K. Outrageous fear environment on the top floor after almost one month straight upper movement. What's the significance here for bitcoin? Does the Bitcoin communities getting bearish finally? No yet to affirm. You all shouldn't panic. Mainstream adoption is coming.

[barbara44]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

We don’t know whether this is a price that is here to stay or maybe it will make a U turn again. Some people have said that there would be a correction, but we don’t know yet if this is the price correction that we have been expecting to see. I did ask myself this particular question when I saw the price going down, but the sources that I have been seen online are not giving me reasons that are good enough to believe that they were ‘cause of the drop in price.

So, I am just going to believe that this is the normal up and down movement that the market makes. Like one of the sources I saw online was saying that the drop as of recently is because of China, that’s quite ridiculous because it has been a long time that we talked about China and all that. So, it has nothing to do with that at all. So if you are seeing anybody telling you that, never believe it. I also saw someone saying that it has to do with Tesla making a U-turn with accepting Bitcoin as a payment,such information is also false.

[ranaprime]

There are lots of fake news are surrounding the crypto market. I know that whenever the market goes up a lot, some news comes and throws it down again. Whatever the news, it has become normal. Now that the current market down trending, I hope it will regain shortly. If bitcoin price down then altcoins also be in down trending this is as usual fact.

[marine4u]

Lots of spoofing and on the day that Evergrande declared bankruptcy for debt, it set up a pair of shorts on bitfinex with a big chunk.  I think it happened again.  It wasn't Omicron but the Chinese financial group that did it I guess.  It broke through the support for that flood.  that's the damn thing, lol

[RavenTimmy]

I think this decline is because of the spreading of the new Omicron strain of the Covid-19 virus. I do not find any reason to panic as crypto has seen worse conditions than this. I am expecting a bullish movement in the coming New Year.

[sarmrakib]

There are lots of fake news are surrounding the crypto market. I know that whenever the market goes up a lot, some news comes and throws it down again. Whatever the news, it has become normal. Now that the current market down trending, I hope it will regain shortly. If bitcoin price down then altcoins also be in down trending this is as usual fact.

We all know that its a easy thing when btc goes down ,Altcoin follow the trend .We are really on bearish momentum and it is going more down .The price is around 46k$ and surviving here with the price .However we all know that a big news always make and impact on the market and  i didn't get any FUD yet ,which i got was minor .Its a common thing that we always face the bearish momentum at the end of a year ,which has few reason .Which are people make cash for spend it on XMAS and after that new year occasion .These few reason makes it to goes down fall .We are very much hoping that it will start recover after new year occasion end and we can see a positive trend if there is nothing happen abnormally .

[bengsabeng]

There are lots of fake news are surrounding the crypto market. I know that whenever the market goes up a lot, some news comes and throws it down again. Whatever the news, it has become normal. Now that the current market down trending, I hope it will regain shortly. If bitcoin price down then altcoins also be in down trending this is as usual fact.

We all know that its a easy thing when btc goes down ,Altcoin follow the trend .We are really on bearish momentum and it is going more down .The price is around 46k$ and surviving here with the price .However we all know that a big news always make and impact on the market and  i didn't get any FUD yet ,which i got was minor .Its a common thing that we always face the bearish momentum at the end of a year ,which has few reason .Which are people make cash for spend it on XMAS and after that new year occasion .These few reason makes it to goes down fall .We are very much hoping that it will start recover after new year occasion end and we can see a positive trend if there is nothing happen abnormally .

I think market conditions have nothing to do with holidays or any religious celebrations because holidays or religious celebrations are not news that can affect the market. towards the end of 2017 the bitcoin price entered a bullish phase and in 2021 the bullish phase occurred twice, namely at the beginning of the year and in the middle of the year. In other words it can be said that market conditions have nothing to do with religious holidays.

[poldanmig]

I think this decline is because of the spreading of the new Omicron strain of the Covid-19 virus. I do not find any reason to panic as crypto has seen worse conditions than this. I am expecting a bullish movement in the coming New Year.

The current bitcoin price correction is actually still a natural thing, the correction that occurs is part of the market that we can't avoid, but even so, we can still take advantage of the current bearish phase by buying at a low price or buying the dip, I also think if Currently the Omicron variant is causing fear for the whales if maybe later the virus variant could greatly affect economic activity globally, just like when the corona virus first appeared and if I'm not mistaken, market conditions also deteriorated.

[sana54210]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

I have to say I am quite happy with them so far. I have been staking some defi projects, they are sort of like "proof of stake" coins but a bit different as well, and they have been amazing. The difference is that, you do not do the staking yourself, you put the money in a pool somewhere and it does it for you. Maybe I am happy because I got in at the right time, I did it for Cake when it was just 2 dollars, so with the money I made from the staking returns plus the returns from the increase Cake had, I profited a lot.

Hopefully everyone would be able to say the same thing with the right time, but if you do not then there is two possibilities; either staked coin dropped in value, or you got scammed. Those are still possible outcomes and as long as you do not get either of those then you will probably make some profit from staking and I am confident that stuff like UNI and Cake will be fine in long term.

[Fredomago]

Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.

I have to say I am quite happy with them so far. I have been staking some defi projects, they are sort of like "proof of stake" coins but a bit different as well, and they have been amazing. The difference is that, you do not do the staking yourself, you put the money in a pool somewhere and it does it for you. Maybe I am happy because I got in at the right time, I did it for Cake when it was just 2 dollars, so with the money I made from the staking returns plus the returns from the increase Cake had, I profited a lot.

Hopefully everyone would be able to say the same thing with the right time, but if you do not then there is two possibilities; either staked coin dropped in value, or you got scammed. Those are still possible outcomes and as long as you do not get either of those then you will probably make some profit from staking and I am confident that stuff like UNI and Cake will be fine in long term.

Taking the kind of risk is profitable if you place your investment with the right coin to invest, like you, there are other investors who make a decent amount of profits by doing the same, staking with good asset will generate a good amount of profits, while in the other side if you failed to do your homework and invest with hype asset, even you stake the amount of losses still going to hurt your initial capital.

Always find time to work with your understanding. The good one will lead you to find success from this industry.

[Slow death]

I had already commented about it some time ago, in October people were buying a lot of bitcoin because of a possible approval of a physical-backed Bitcoin ETF (not this bitcoin ETF future ) but after 1 month the SEC showed that it will not approve a physical-backed Bitcoin ETF anytime soon and the market reacted with this drop and then came this new variant of covid that is forcing governments to come back with restrictions, all of which caused the price of bitcoin to drop a lot in recent weeks

[Vaskiy]

I had already commented about it some time ago, in October people were buying a lot of bitcoin because of a possible approval of a physical-backed Bitcoin ETF (not this bitcoin ETF future ) but after 1 month the SEC showed that it will not approve a physical-backed Bitcoin ETF anytime soon and the market reacted with this drop and then came this new variant of covid that is forcing governments to come back with restrictions, all of which caused the price of bitcoin to drop a lot in recent weeks

It is unfair to indicate the new mutant of covid as the reason for the market crash. Months back during the peak spread of COVID-19 cryptocurrency market was that progressive. By the time world markets were facing its hard times. So, the inflow of money have decreased due to several reasons.

Almost every December we'll be experiencing similar market scenario, and maybe something from an influencer could manipulate the market. If not I'm sure to experience slow and stabilized move for some time period.

[mia_houston]

I had already commented about it some time ago, in October people were buying a lot of bitcoin because of a possible approval of a physical-backed Bitcoin ETF (not this bitcoin ETF future ) but after 1 month the SEC showed that it will not approve a physical-backed Bitcoin ETF anytime soon and the market reacted with this drop and then came this new variant of covid that is forcing governments to come back with restrictions, all of which caused the price of bitcoin to drop a lot in recent weeks

I think, apart from the lack of clarity about the decisions that are being taken against the current bitcoin ETF, of course, some of the negative sentiments that affect the current movement of Bitcoin are still related to regulations and laws in several countries such as what happened in China, besides the emergence of variants the new virus gave a panic effect to investors and it further exacerbated market conditions.
Oh, I heard that there was a delay in the legality of the exchange traded fund (ETF) instrument against Bitcoin by the SEC and it was reported that there might be a new decision to coincide with Christmas later.

[Ngemmeng]

I think market conditions have nothing to do with holidays or any religious celebrations because holidays or religious celebrations are not news that can affect the market. towards the end of 2017 the bitcoin price entered a bullish phase and in 2021 the bullish phase occurred twice, namely at the beginning of the year and in the middle of the year. In other words it can be said that market conditions have nothing to do with religious holidays.

Christmas and New Year's holidays are long holidays at the end of the year, most people want to go on vacation with family. and of course this long holiday would cost a lot of money and require someone to sell a small part of their crypto assets. This reason is actually quite reasonable because I myself often sell a small part of my crypto assets to go have fun and vacation with my family.

[ultrloa]

I think market conditions have nothing to do with holidays or any religious celebrations because holidays or religious celebrations are not news that can affect the market. towards the end of 2017 the bitcoin price entered a bullish phase and in 2021 the bullish phase occurred twice, namely at the beginning of the year and in the middle of the year. In other words it can be said that market conditions have nothing to do with religious holidays.

Christmas and New Year's holidays are long holidays at the end of the year, most people want to go on vacation with family. and of course this long holiday would cost a lot of money and require someone to sell a small part of their crypto assets. This reason is actually quite reasonable because I myself often sell a small part of my crypto assets to go have fun and vacation with my family.

It has been proven already before that during the holiday season bitcoin price tend to decline due to people selling some of their assets. Whether it's a bull run or bear run it always tend to decline somehow but I think this year might be different if people want to hold a little longer before selling they might want to do that. The price gap in the past is different than today so people might regret if they would just sell most of their assets so I assume most of them would sell some just for the holiday.

[justdimin]

It is unfair to indicate the new mutant of covid as the reason for the market crash. Months back during the peak spread of COVID-19 cryptocurrency market was that progressive. By the time world markets were facing its hard times. So, the inflow of money have decreased due to several reasons.

Almost every December we'll be experiencing similar market scenario, and maybe something from an influencer could manipulate the market. If not I'm sure to experience slow and stabilized move for some time period.

I would say that covid is not unrelated at all, I agree that it is not the only reason but it is also not irrelevant to the drop neither. I know that 2017 was the year we had a peak in December but also there is a good fact that most of the time price gets lower whenever we get closer to holidays as well because people end up selling their crypto profits to have a good holiday period.

This in return means that we are getting closer to "bonus" payment period as well, not everyone gets bonus payments on 1st of January but there are plenty of jobs like brokers in wall street or affiliate marketing or any kinds of sales workers who get bonus depending on how well they did that year, all of that money usually goes back into investing and some of that reaches to bitcoin as well. That's where we could make all of these losses back very soon.

[carlfebz2]

I think market conditions have nothing to do with holidays or any religious celebrations because holidays or religious celebrations are not news that can affect the market. towards the end of 2017 the bitcoin price entered a bullish phase and in 2021 the bullish phase occurred twice, namely at the beginning of the year and in the middle of the year. In other words it can be said that market conditions have nothing to do with religious holidays.

Christmas and New Year's holidays are long holidays at the end of the year, most people want to go on vacation with family. and of course this long holiday would cost a lot of money and require someone to sell a small part of their crypto assets. This reason is actually quite reasonable because I myself often sell a small part of my crypto assets to go have fun and vacation with my family.

It has been proven already before that during the holiday season bitcoin price tend to decline due to people selling some of their assets. Whether it's a bull run or bear run it always tend to decline somehow but I think this year might be different if people want to hold a little longer before selling they might want to do that. The price gap in the past is different than today so people might regret if they would just sell most of their assets so I assume most of them would sell some just for the holiday.

Holiday season or not then it wouldnt matter because sell offs could really happen anytime which there's no specific time on when it would happen neither on holidays or into those ordinary days of the year.

This is why you should really be that mindful about those correlations because it would be totally in random basis on why it do happens and this is what makes more harder to make some move

because everything turns out to be speculative and wont really be known on what would be the next movement of prices.