Why is the price of BTC dropping?

[Majestic-milf]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
 Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

[TheNineClub]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
 Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

There was a predicted bear market around this time and a price correction, so it's not really unexpected, but the reason why BTC price is dropping is that a myriad of reasons can't cust be boiled down to a couple. The economy is a complex thing and BTC is not immune to any of them. Sure, some things have more impact than others, but everything adds up in the end.

[PawGo]

The answer is: no-one knows.
Or in other words: there is no one single reason. You may easily explain why price of oil goes up or down, or why price of shares of company X goes down or up. BTC is closer to FOREX trading - and there sometimes miracles happens.

On the other hand - sometimes it is hard to separate reality from wishful thinking. Maybe $40k is the 'correct' price for a long-term? I do not know.
People like to say "I told you" when they see they were right, but not many people says "I was wrong".
Talking about Edelman, we may see his predictions for 2021:
https://www.thinkadvisor.com/2021/01/07/ric-edelman-12-predictions-for-bitcoin-other-cryptos-in-2021/
and for 2022:
https://www.businesswire.com/news/home/20211228005020/en/Ric-Edelman-Reveals-His-22-Predictions-for-2022

As you see, there is nothing which would require a crystal ball or 30 years of experience...

[Charles-Tim]

Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative.

If you are a long term holders, bitcoin id not a risky asset, bitcoin is only risky for traders, most especially the day traders and people that prefer scalp trading which are the riskiest.

Be it anything happening to bitcoin, so far the adoption continuea, the price will still later increase and reach all-time-high, but it can take many months or years before it will happen but better than holding fiat in bank for the long period of time.

[mk4]

Bitcoin's price go up and down literally all the time that it's boggles my mind why people always sort of gets shocked quite a bit when volatile moves happen. tl;dr bitcoin is a very volatile asset and will remain volatile for a while, and the reason for it's price movements isn't so easy to find unlike with high-cap stocks.

[tbct_mt2]

To discover, you should open a chart with weekly candle then you will see how long Bitcoin went through with its bullish mode after breaking $20k. So think of it yourself, is it abnormal if Bitcoin has a long correction after that rise?

If your answer is: Yes, it is very reasonable correction. It is what we have been witnessing since late of 2021. Some indicators reveal that Bitcoin has formed its bottom and just need time to break out. We don't know when it will start rising again but history says April to May are very good months for Bitcoin.
https://cryptorank.io/price/bitcoin

[giammangiato]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
 Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

Be calm, everything normal, nothing to worry about, the triggers are many, I remind you that it cannot be just two or three statements or movements that can cause bitcoin to collapse, wait for the long term, don't be in a hurry! If you need liquidity it's different, but if you don't need it, wait, don't panic from market-to-market news!

[arwin100]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
 Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

Are you totally new? If yes you didn't see the worse yet and this current drop is just a little bit drop happen in history so what I can suggest to you is research all the history about bitcoin so that you will not get worried on small movements happen on it. Also price drop is normal since this is so normal on bitcoin and better chill out since the reason for this is the existing war happening in Ukraine which affect a lot in economy also in cryptocurrency.

[kryptqnick]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
 Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

The price is not dropping, IMO, it's just fluctuating. It's $39k right now, while it was $42k yesterday and $39k the day before. It's going up and down, without a clear trend, so there's no need to discuss why it's dropping. I would describe this situation as stable, to be honest, because the price remains around $40k (sometimes more, sometimes less) since the middle of January, and if there are big fluctuations, they probably indicate that there's a lot of movement of the market (panic selling fighting FOMO day and night), but there's no reason to believe that anything bad is going to happen to it.

[Mauser]

I wouldn't worry so much about the current bitcoin price. Right now BTC is at 39,000 USD, which seems quite healthy in my opinion given the current state of the world. You are comparing the price to the ATHs from last year, but the world has changed since. We are facing a major conflict with the Russia-Ukraine war, also inflation rates are rising compared to last year. Even before the Ukraine war the bitcoin price was lower than it is today. No reason to panic as long bitcoins manages to withstand all that downward pressure. In Europe for example the Russia sanctions are going to hurt the economies. Already now we see a double of the fuel prices in two weeks. This is going to increase inflation even more. It's just a matter for the world to go back to normality and for bitcoins to rise again.

[raidarksword]

As always bitcoin is unpredictable and very volatile that's why we cannot predict what will be the price tomorrow. I believed bear market is still very strong and accompanied with ongoing conflict of russia and ukraine. Still, i have belief that bitcoin clan go higher once war is over and more good news flowing in that will help market to recover fully.

[molsewid]

I wouldn't worry so much about the current bitcoin price. Right now BTC is at 39,000 USD, which seems quite healthy in my opinion given the current state of the world. You are comparing the price to the ATHs from last year, but the world has changed since. We are facing a major conflict with the Russia-Ukraine war, also inflation rates are rising compared to last year. Even before the Ukraine war the bitcoin price was lower than it is today. No reason to panic as long bitcoins manages to withstand all that downward pressure. In Europe for example the Russia sanctions are going to hurt the economies. Already now we see a double of the fuel prices in two weeks. This is going to increase inflation even more. It's just a matter for the world to go back to normality and for bitcoins to rise again.

Me too because if you're already been a part of the crypto community even if let's say even just a year you may already know the most thing that really affects the bitcoin price and that's the volatility of the market. I am not worried about the price correction or even a bearish trend because I believe and I am very optimistic that the price may still get up and will be going to hit another ATH, I don't know when but fortunately it will happen. And at this kind of situation is a trader and investor, we will being challenged by our patience or if we are long-term or short-term investors.

[Teletalk.org]

It is normal for the price of Bitcoin to go up and down. Because Bitcoin is the most popular and expensive coin in the cryptocurrency world. If any coin is in hype, it goes down again. Bitcoin has a lot of hype and will rise further in the future. Maybe the war between Russia and Ukraine has had some effect at the moment. So the price of Bitcoin is falling.

[Upgrade00]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.

If you zoomed out of the chart to a couple of months or years, then you would not notice any cause for alarm, rather an asset which has been steadily appreciating over time.
Intending investors should not focus on the last 7 days chart when choosing an investment, or they would likely be making the mistake of buying shit coins which were pumped and are going to dump. Proper research involves studying the fundamentals and also the technical aspects of the market.

Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral?

This is a decentralized network and there is no system which regulates the price.

[Slow death]

there are already many people asking this same question and in my opinion the cryptocurrency market is not being affected, people are worried about saving their lives and are not thinking about risky investments, maybe this will make the price of bitcoin stagnant in this one $39000 - $44000 zone, but this is a temporary thing although we cannot say about other assets that will take a long time to recover in price. once some agreement is reached in this conflict and the war is over, people will gradually recover and will think about high risk investments like bitcoin

[JayTrain]

bitcoin is falling today, it will rise tomorrow, if we take the dynamics of the growth and fall of bitcoin over 10 years, then everything suggests that bitcoin is growing, these are all corrections in the short term, sooner or later bitcoin will win back and return to its bullish values, the main thing is not to panic ahead of time.

[boyptc]

When price goes up too quickly, everyone starts to celebrate. And when the price drops, everybody wants to know what's the reason why.

Well, no one has the right information why the market is dropping but you can have that speculation that it's all due to the supply and demand plus the news that are rotating the whole market.

And recently, there was a quick price increase for bitcoin so this was expected that there's a reversal too.

[macson]

snip

There was a predicted bear market around this time and a price correction, so it's not really unexpected, but the reason why BTC price is dropping is that a myriad of reasons can't cust be boiled down to a couple. The economy is a complex thing and BTC is not immune to any of them. Sure, some things have more impact than others, but everything adds up in the end.

People who don't understand economics will find it difficult to understand what's going on in the market and make the price of BTC go down.  bitcoin is a very volatile asset, it is not possible to stay at a high price forever, this happens because the market has high buy-sell transactions. 

[cheezcarls]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
 Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

There are many people who are asking the same question from the past. There are certain factors that leads to BTC going on a correction after a brief pump. This is all about market manipulation and the latest trends nowadays are also one of the possible reasons as well despite no guarantees. You can't predict the price whether if it's going up or down without warning.

[Imran232]

<...............>

Though I don't know the exact reason, and I think no one knows the exact reason. But this feels like a market correction to me. Now let me come to your point. In my opinion, there might be two reasons for this dump. The first reason is that a Ukrainian investor, and the second is that an oil investor.

Ukrain Investors: We know the present situation in Ukraine. We also know how many investors are from Ukraine in bitcoin. And because of the present situation, lots of people leave Ukraine and can't access their bank accounts either. In that case, lots of crypto holders might be selling their holdings for life. What is needed, man, and it's fair for them.
 
OIL INVESTORS: Look, there are lots of investors who are actually companies, and there are lots of expert traders who are familiar with the market situation. And they always research for profit, and we know how much oil prices have increased. So it is very possible that some people are selling crypto to invest in oil so that they can generate profit from that area too.
 
Well, this is not the exact reason. This is just my speculation. Others' opinions might be different.
 
 
 
 
 

[jaberwock]

I wouldn't worry so much about the current bitcoin price. Right now BTC is at 39,000 USD, which seems quite healthy in my opinion given the current state of the world. You are comparing the price to the ATHs from last year, but the world has changed since. We are facing a major conflict with the Russia-Ukraine war, also inflation rates are rising compared to last year. Even before the Ukraine war the bitcoin price was lower than it is today. No reason to panic as long bitcoins manages to withstand all that downward pressure. In Europe for example the Russia sanctions are going to hurt the economies. Already now we see a double of the fuel prices in two weeks. This is going to increase inflation even more. It's just a matter for the world to go back to normality and for bitcoins to rise again.

Unfortunately people see every little thing as a chance to go up, and every big thing to see it go down. That is one of the main reasons why people are shocked to see the price go down most of the time. War obviously impacted it badly, but we saw it go up during war as well, which is a proof that we should not be really someone who gets in panic mode, or care about FUDs or FOMOs and just stick to a plan.

I know it is not really that easy, but it is also not so impossible neither. It can be done and we can definitely do it. All we have to do is do not care when ti is 39k, and do not care when it is 42k, if we keep guessing the direction and when it will stop going that direction all the time, it will hurt us.

[stadus]

I wouldn't worry so much about the current bitcoin price. Right now BTC is at 39,000 USD, which seems quite healthy in my opinion given the current state of the world. You are comparing the price to the ATHs from last year, but the world has changed since. We are facing a major conflict with the Russia-Ukraine war, also inflation rates are rising compared to last year. Even before the Ukraine war the bitcoin price was lower than it is today. No reason to panic as long bitcoins manages to withstand all that downward pressure. In Europe for example the Russia sanctions are going to hurt the economies. Already now we see a double of the fuel prices in two weeks. This is going to increase inflation even more. It's just a matter for the world to go back to normality and for bitcoins to rise again.

Unfortunately people see every little thing as a chance to go up, and every big thing to see it go down. That is one of the main reasons why people are shocked to see the price go down most of the time. War obviously impacted it badly, but we saw it go up during war as well, which is a proof that we should not be really someone who gets in panic mode, or care about FUDs or FOMOs and just stick to a plan.

I know it is not really that easy, but it is also not so impossible neither. It can be done and we can definitely do it. All we have to do is do not care when ti is 39k, and do not care when it is 42k, if we keep guessing the direction and when it will stop going that direction all the time, it will hurt us.

Just don't often check the market so you won't panic. Expect that as this war continues, inflation too will be more uncontrolled, which makes the crypto market too doom to decrease its market value. Just stay calm and hold your bitcoin. When the market gets normal, everything will fall into its right place and we can see bitcoin price to increase again.

[goldkingcoiner]

A lot of this has to do with Russia's sanctions, I would think. For example the energy prices go up, making electricity becomes a bit pricier due to the fact that many of our energy production facilities still rely heavily on old fossil fuels. Since old fossil fuel prices are going up, so is the electricity for mining. The other sanctions have some complex effect on the crypto economy as well. Furthermore, Russia has been hinting at disconnecting itself from the internet, so we might see some FUD coming from that. Especially if the Russian miners get scared.

[Natalim]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.

Not anymore. People know that this sometimes happens and if you are already here for many years, you can really be experiencing this. The price fluctuates very often due to its volatile nature.

Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.

Most of the time people have been affected by the things they heard like Restrictions, banning, and other sorts of criticism. They are too emotional and probably still doubtful about Bitcoin. I'm not going to wonder why this happens to them but for those who understand the situation, they still calm and hold their crypto assets.

[DoublerHunter]

A lot of this has to do with Russia's sanctions, I would think. For example the energy prices go up, making electricity becomes a bit pricier due to the fact that many of our energy production facilities still rely heavily on old fossil fuels. Since old fossil fuel prices are going up, so is the electricity for mining. The other sanctions have some complex effect on the crypto economy as well. Furthermore, Russia has been hinting at disconnecting itself from the internet, so we might see some FUD coming from that. Especially if the Russian miners get scared.

^ The war between Ukraine and Russia has definitely had an impact on the market not only in crypto, even the stock market to has been affected.
But I believed BTC price will increase soon and this very volatile we experience is very normal when someone trying to sell their BTC to convert fiat, probably Ukrainian sell their BTC that has been collected by the charity or someone big player sell their BTC to support the Ukraine war or either the Russia country. Just hold if you want to gain profit, this will back soon.

[GreatArkansas]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.

Not anymore. People know that this sometimes happens and if you are already here for many years, you can really be experiencing this. The price fluctuates very often due to its volatile nature.
(....)

Correct, for over the years I have been in the cryptocurrency market. It became normal, these dumps after a huge rally of the price is becoming normal, it's like a normal, it's not always up only.
For me, these declines will make Bitcoin healthy in terms of price, as times go by trading volume is increasing or the market cap of Bitcoin is increasing, it's very positive.

[franky1]

bitcoins most efficient and cheapest mining cost was
11th december 2021: 180exa network.. current gen asic 110thash 3.25kw at 4cent electric (hardware $12k /2year roi)
which translates to a bottomline mining cost of $35594.80

11th march 2022: 191exa network.. current gen asic 140thash 3kw at 4cent electric (hardware $11.6k /2year roi)
which translates to a bottomline mining cost of $28495.64

yep the bottomline value has dropped by $7k meaning those lucky enough to get the s19XP new gen batch of asics can mine cheaper and sell for profit.

in short the 'buy support' bottomline was $36k and now its becoming $29k

for the bottom line support to regain its $36k min support line. when the next gen asics become more commonly used. the hashrate has to achieve a minimum of 240exahash to stay up at a mining cost of $36k minimum

(note this is not about current PRICES.. this is about the stuff that makes up the hidden bottomline VALUE underneath the speculative price, but not seen on a market/exchange price chart, speculation of emotion and sentiment is what is added ontop of value.. in short the price is value+speculation)

the reason why the price is not say $70k (2x+ value) is because emotion/speculation is low.

[Chato1977]

snip

There was a predicted bear market around this time and a price correction, so it's not really unexpected, but the reason why BTC price is dropping is that a myriad of reasons can't cust be boiled down to a couple. The economy is a complex thing and BTC is not immune to any of them. Sure, some things have more impact than others, but everything adds up in the end.

People who don't understand economics will find it difficult to understand what's going on in the market and make the price of BTC go down.  bitcoin is a very volatile asset, it is not possible to stay at a high price forever, this happens because the market has high buy-sell transactions. 

it is not only bitcoin but all cryptocurrencies are volatile mate, everything on them cannot stay as that because dumping will happen here and there and can pump also here and there.
so best not to look to perfect investment instead be ready to what will happen to the value of your investment and profit .

[Baofeng]

Because bitcoin is highly volatile. It has no fixed price. And also,there are many factors to consider why bitcoin is fluctuating. It could be the supply and demands. When the supply is being increased, that can have a downward effect on the price. But if the demand of currency increases more than the supply, the value will go up.
The price also drop down when there is bad a news happening globally. And i think the main reason why the current bitcoin price is dropping because of the conflict between Russia and Ukraine.

That is already a giving fact, crypto is volatile and this is what traders wanted because it's either you know how to take advantage of it and make money or not.

But the basic tenant: law of supply and demand.

As for bad news, yes it could affect the price, but the market is maturing unlike before wherein every negative news equate to a massive downturn, not in 2022.

[virasog]

snip

There was a predicted bear market around this time and a price correction, so it's not really unexpected, but the reason why BTC price is dropping is that a myriad of reasons can't cust be boiled down to a couple. The economy is a complex thing and BTC is not immune to any of them. Sure, some things have more impact than others, but everything adds up in the end.

People who don't understand economics will find it difficult to understand what's going on in the market and make the price of BTC go down.  bitcoin is a very volatile asset, it is not possible to stay at a high price forever, this happens because the market has high buy-sell transactions. 

Those who are concerned about the bitcoin price drop are the ones who will most likely sell in panic. They fail to look at the bigger picture. In the long run, the bitcoin will make new all time highs but in order to get advantage of that, it is very important that we do not get dis-hearten by the small dumps in bitcoin. The dump can lost for 3 month,, 6 months or even more so that weak hands are shaken out of the market. Only the strong hands will earn maximum benefit.

[Sebas.tian]

bitcoin is falling today, it will rise tomorrow, if we take the dynamics of the growth and fall of bitcoin over 10 years, then everything suggests that bitcoin is growing, these are all corrections in the short term, sooner or later bitcoin will win back and return to its bullish values, the main thing is not to panic ahead of time.

Yes, bitcoin is growing compare to when the bitcoin price was $0.008 and people were very happy, that the price is good for people to make something reasonable from their week or monthly investment. Bitcoin price has dropped to $40k few days ago that is making people to panic because of the slow pumping they are receiving from the bitcoin exchange market which is not giving them hope if the price will reach $100k before the end of next month.
Bitcoin price is about to hit $100k according to some researchers who took their time to go round the market to see the signs the crypto market is developing .

[xzone]

A lot of this has to do with Russia's sanctions, I would think. For example the energy prices go up, making electricity becomes a bit pricier due to the fact that many of our energy production facilities still rely heavily on old fossil fuels. Since old fossil fuel prices are going up, so is the electricity for mining. The other sanctions have some complex effect on the crypto economy as well. Furthermore, Russia has been hinting at disconnecting itself from the internet, so we might see some FUD coming from that. Especially if the Russian miners get scared.

I don't think you need to think about it that much. Yes, there is a war right now and the effects of this war are reflected in the entire financial order. The prices of both bitcoin and other things are heavily impacted. But bitcoin was already in a downtrend, if not for the war right now it would be falling because of something else.
When the war is over, the market will definitely go up again

[bitzizzix]

It seems that the decline that occurred due to the influence of the existing conflict, and geopolitical uncertainty also made investors nervous, especially as Russia's attack on Ukraine continued.
and meanwhile, talks between diplomats stalled, as the two sides did not reach an agreement on a ceasefire.
and it shows a lack of trust and doubt among traders and investors, and hopefully this conflict will end soon so as not to impact investors because of their worries, but don't worry this is only temporary because in the long term everything will be fine and recover. Therefore Hodl the best choice.

[LogitechMouse]

tl;dr

A wall of words. Somebody from here as well taught me that at least when you are posting many words, at least make some double spaces into it so that it will be readable and pleasing in the reader's eyes.

Now with regards to BTC dropping, there is only one answer for that. It isn't the events that is happening right now but its the sentiment of the investors.
We know that the market is heavily driven by the sentiments of the investors. We've seen negative news already like China banning ICO's in 2017 where it is hype but what happened? The market rose at that time and Bitcoin went up to $20,000. Now the Ukraine-Russia war is happening which is a negative news as well and the price of the market went down because they see it as a negative that's why they sold their holdings.

Sentiments or emotions of the investors is the main reason why the market is moving and it isn't only applied in the crypto market but in the stock market as well.

[acroman08]

OP posted about an article created on January 26 2022. so, the article has nothing to do with the current price drop of BTC.

@OP, next time you should find a more updated article and not a month old(or two) article.

Bitcoin's price go up and down literally all the time that it's boggles my mind why people always sort of gets shocked quite a bit when volatile moves happen.

probably new investors. people who have invested in bitcoin for more than a year(maybe less) would probably get used to the constant upward and downward slope of BTC's price.

[Vatimins]

     In the case of lods ng term holders, not selling and being calm is a good advice. But for midterm holders, they should have sold already nov-december last year. It was pretty obvious that the cycle is ablut to lead us to a bearish time even if the Ukraine-Russia issue did not happen. Although I am optimistic in bitcoin, my holdings are not part of my daily expenses so I can just hold them even when dumps happen. If you watch the chart, bitcoin has not escaped the 40k range since January and now, there aren't even any liquidation wicks on 30k below. But hey, i don't really see it going as low as 30k, just that it gives us a glimpse of what the market is right now.

[Leviathan.007]

I should ask another question, why do people expect to see the bitcoin price is rising all the time? no matter if you are talking about bitcoin, the stock market, or any other market in the world, the price and price action is mostly acting the same way, you cannot expect to see the price being bullish all the time, it should take a rest and do some correction, these corrections are sometimes based on the short time frames and during these times the price won't drop too much, but some othertimes this can take sometimes and reach lower levels which is very much normal and necessary for the market.

[jaberwock]

A lot of this has to do with Russia's sanctions, I would think. For example the energy prices go up, making electricity becomes a bit pricier due to the fact that many of our energy production facilities still rely heavily on old fossil fuels. Since old fossil fuel prices are going up, so is the electricity for mining. The other sanctions have some complex effect on the crypto economy as well. Furthermore, Russia has been hinting at disconnecting itself from the internet, so we might see some FUD coming from that. Especially if the Russian miners get scared.

I don't think you need to think about it that much. Yes, there is a war right now and the effects of this war are reflected in the entire financial order. The prices of both bitcoin and other things are heavily impacted. But bitcoin was already in a downtrend, if not for the war right now it would be falling because of something else.
When the war is over, the market will definitely go up again

I thought btc goes down for some reason? Then why would we need to wait for the war to be over before btc recovers? it's fine to think about the wars because it is still fresh from us and I think it is still ongoing but what is bad is when we overthink it, that will only make you crazy in the long run and it can badly affect your decision of selling and buying.

If energy or the electricity price goes up, what is its connect to bitcoin price? That will only affect those who mine cryptos, if they are mining the traditional way and not using a renewable energies. If Russia ban the net, that can affect the price but it will eventually recover when many have successfully bought after it.

[Abiky]

When price goes up too quickly, everyone starts to celebrate. And when the price drops, everybody wants to know what's the reason why.

Well, no one has the right information why the market is dropping but you can have that speculation that it's all due to the supply and demand plus the news that are rotating the whole market.

And recently, there was a quick price increase for bitcoin so this was expected that there's a reversal too.

Most people quickly panic after a "bloodbath" in market prices because they think Bitcoin is always meant to rise in price. But you and I know that's not the way it works. The market is just driven by speculation, as anything big or small can directly affect Bitcoin's price in terms of Fiat. Newcomers only get into Bitcoin with the hopes of getting rich quick. They don't care about the technology, since they're only blinded by greed.

Let me tell you that no one can predict with certainty if Bitcoin will go higher in price within the long term or all the other way around. There are many reasons why the price of BTC is dropping. It can be the Russia-Ukraine war, the new COVID variants, or simply negative criticism from a popular figure like Elon Musk. What matters is not the price per coin but rather its usefulness. I've said this many times already. As long as Bitcoin fulfills its purpose as a censorship-resistant kind of money anyone can use worldwide, nothing else matters. Just my opinion

[South Park]

The answer is: no-one knows.
Or in other words: there is no one single reason. You may easily explain why price of oil goes up or down, or why price of shares of company X goes down or up. BTC is closer to FOREX trading - and there sometimes miracles happens.

As simple as that, when there is a very strong drop in the price then most of the time we can find some reason behind the drop, however when the drops are on the small side then that is just noise and we must not give too much attention to them as there is not really a single reason behind that movement, the most simple explanation is that either the demand or the supply available in exchanges changed and this caused the drop, so it is better to not waste too much of our time thinking about something like that.

[Kelvinid]

I should ask another question, why do people expect to see the bitcoin price is rising all the time? no matter if you are talking about bitcoin, the stock market, or any other market in the world, the price and price action is mostly acting the same way, you cannot expect to see the price being bullish all the time, it should take a rest and do some correction, these corrections are sometimes based on the short time frames and during these times the price won't drop too much, but some othertimes this can take sometimes and reach lower levels which is very much normal and necessary for the market.

Indeed. The volatile nature of the market hasn't changed yet which makes us not wonder why it goes like this. Market corrections, FUDs, dumps, and pumps are surely what we gonna expect in the market, however, having all of these things makes the market more attractive and profitable. Traders make a good trade in this situation, investors have the chance to buy coins in a low price. Having a situation like this never meant it was too bad also it create positivity.

[BIT-BENDER]

Why are you still asking this question. Shouldn't we have developed past this sort of questions? I mean no one would give you rock hard answer to this, speculations aren't reality, you would have great peace of mind in crypto-currency, if you just understand that the market is volatile it rises and it fall. Get re-oriented. Crypto-currency isn't an all the way up alone type of business, so while you invest always be ready for two outcomes it either rises or falls.

[Maidak]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
-snip-

No economy in the world has ever had a one-way street, and every financial service has to go through two stages, upward and downward.

After a long hold, everyone fixes profits at a time when the market becomes a little volatile while traders & miners fix profits and people start panic selling which eventually leads to a bear market. However, in every case the bear market is not stable for long, hopefully soon Bitcoin will regain its former rhythm.

[lixer]

Now with regards to BTC dropping, there is only one answer for that. It isn't the events that is happening right now but its the sentiment of the investors.

Well, we all know that the events that are taking place are part of what triggers the actions that investors are taking right now. If there is an event that is taking place, and people feels that it is something that would negatively impact their economy or the market that they’re investing in, or something like that, they would all start selling their assets and converting to Fiat. So that in turn affects the market, and causes the price to start going down.

The same thing also happens in a good situation that people feel can make the price to start increasing, they all start investing again, and that makes the market to start going up in value.

[KaliLinux]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
 Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

What do you mean by "Are there provisions put in place to curtail this downward spiral" is Bitcoin some Government-issued assets that should be rescued by some policies to boost up the price? and this is the nature of the market. You should know that since the inception of Bitcoin back in 2009, it has actually been on a Bull run and still is if you look at it or haven't you seen the chart? 

[ropyu1978]

If you ask why the price of btc went down, and what caused the price of btc to go down, personally I certainly won't be able to answer your question in detail, but if we look at the facts, yes, I can give an explanation, maybe because of the market, maybe because of the influence of billionaires , but an answer like that is not concrete, but I have a principle I will never be afraid of a decrease in the price of bitcoin, because I invested in bitcoin for a long time, so I just relax.

[sarmrakib]

I should ask another question, why do people expect to see the bitcoin price is rising all the time? no matter if you are talking about bitcoin, the stock market, or any other market in the world, the price and price action is mostly acting the same way, you cannot expect to see the price being bullish all the time, it should take a rest and do some correction, these corrections are sometimes based on the short time frames and during these times the price won't drop too much, but some othertimes this can take sometimes and reach lower levels which is very much normal and necessary for the market.

Its happen when someone become much greedy and wanna get profit on each investment which is never possible in any trading platform .Its a normal behave of the market to go through on ups and downs .Crypto is a high volatile market so that you can easily see the recover progress on here .On the other hand if it falls every time how could it hit on ATH .So its not dropping only ,Its increase as well .I am totally agree with you that it is very much normal to drop and it is also very much normal to go up .A good trader never ask about to drop always cause he knows its a normal process .So that we have to aware on this that it will fall and also it will recover for sure .

[Webetcoins]

bitcoin is growing compare to when the bitcoin price was $0.008 and people were very happy, that the price is good for people to make something reasonable from their week or monthly investment. Bitcoin price has dropped to $40k few days ago that is making people to panic because of the slow pumping they are receiving from the bitcoin exchange market which is not giving them hope if the price will reach $100k before the end of next month.
Bitcoin price is about to hit $100k according to some researchers who took their time to go round the market to see the signs the crypto market is developing .

If you are in bitcoin to make sure that you earn as much as the people who bought at 0.008, then you should not invest into bitcoin. If you are investing into bitcoin because you want to see it at 100k by the end of the month, then you should not be investing. Real investors know that yearly 20% or more per year for 20 years means wealth, and that is something quite easy for bitcoin overall in the long run.

Do you really think that it will not average 20% or more on average (not every year, just average) for the next 20 years? Warren Buffet turned a few million dollars into richest man in the world with 20% averages. So you should not be really asking to get rich over night or in a month.

[Hasansat]

 think those who would worried and sell at the current price of Bitcoin would be wrong. My personal guess is that Bitcoin will soon return to its former state. Don't worry, wait patiently. Presumably, Bitcoin will give a lot in the future.

[EdenHazard]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
 Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
 More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

What do you mean by "Are there provisions put in place to curtail this downward spiral" is Bitcoin some Government-issued assets that should be rescued by some policies to boost up the price? and this is the nature of the market. You should know that since the inception of Bitcoin back in 2009, it has actually been on a Bull run and still is if you look at it or haven't you seen the chart? 

Not directly , but when there is a policy or certain rules set in a country where crypto investor , crypto business giant come from and growing really fast plus that rules/policies does really support the crypto ecosystem then i think it is... has a significant impact.

For instance

'President Joe Biden on Wednesday signed an executive order directing agencies across the federal government to coordinate efforts to regulate cryptocurrencies and other digital assets.'

This trigger uncertainity , whether should you sell it for a while or bag more before it's too late?
We are in that kind phase currently so yeah that's why it gets dropping.

[Abiky]

Why are you still asking this question. Shouldn't we have developed past this sort of questions? I mean no one would give you rock hard answer to this, speculations aren't reality, you would have great peace of mind in crypto-currency, if you just understand that the market is volatile it rises and it fall. Get re-oriented. Crypto-currency isn't an all the way up alone type of business, so while you invest always be ready for two outcomes it either rises or falls.

The OP seems to have little understanding of how crypto works. The market is usually driven by speculation, so anything big or small can have a profound effect over crypto prices. I believe that the reason BTC's price is dropping is because of the on-going COVID-19 pandemic and Russia-Ukraine crisis. Investors are fearful these days, cashing out stocks and crypto in order to survive in these uncertain times. Hype has faded temporarily as people are focused on other mainstream events.

Instead of complaining, I suggest the OP to buy BTC while it's still "cheap". The world's largest-cryptocurrency by market cap will be valued at a higher price in the future with every block reward halving. Subsequent network upgrades focused on scalability and privacy will only make Bitcoin bigger, better, and stronger than ever. Bitcoin may never go back to these prices as it becomes "scarcer" over time. Newbies only want to get rich quick, so the moment they see prices falling is the moment they think it's the end of the world. A pity since they'll be missing an opportunity of a lifetime towards achieving massive wealth. Remember, patience is the key here. As long as you're patient, you'll be able to achieve great results in the future. Just my opinion

[South Park]

Why are you still asking this question. Shouldn't we have developed past this sort of questions? I mean no one would give you rock hard answer to this, speculations aren't reality, you would have great peace of mind in crypto-currency, if you just understand that the market is volatile it rises and it fall. Get re-oriented. Crypto-currency isn't an all the way up alone type of business, so while you invest always be ready for two outcomes it either rises or falls.

What happens is that even if there is a lot of people that have moved forward and understood the nature of the markets as their experience as traders or investors went up, not everyone has the same level of experience, every month a lot of newbies join this market and this forum and for the most part they do not understand how the markets work at all, which is why we see so many newbies asking the same questions over and over again, despite those questions having been answered many times before.

[uneng]

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.

Yes, investors look pessimistic. Market's fluctuations show this with its very low pumps that immediately are reverted once they happen. But at least bitcoin is somehow stable...

Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.

That is it. Bitcoin is very likely suffering for this reason. It's the possibility making more sense for me. Money goes where the opportunity looks more interesting for the investor, which can be found by calculating the correct proportion between risk and profitability.

Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.

A good advice, indeed. Bitcoin is a long term invesment, moreover investors shouldn't fear the future or panic sell their coins at this moment. Let's keep in mind crypto market works on its own time, that is different from the time we, investors, would like to see bitcoin's marketcap skyrocketing.

[minersday]

The price of Bitcoin can be attributed to several things happening at the moment. Take the war between Ukraine and Russia which has led to highly fluctuating market trends globally. In addition, the bull run seems to be over so market is currently having a general correction as expected. Hopefully we can bounce back pretty hard after June.

[AmoreJaz]

The price of Bitcoin can be attributed to several things happening at the moment. Take the war between Ukraine and Russia which has led to highly fluctuating market trends globally. In addition, the bull run seems to be over so market is currently having a general correction as expected. Hopefully we can bounce back pretty hard after June.

that's the major event that we are seeing right now as a contributor on what's happening in the market. but there are actually other factors that are influencing this movement. the growing adoption of users and merchants is also one. how about countries that are going positive towards crypto? so what am saying here is that we can't really attribute the market performance in only one event or factor here, as you mentioned also, it is combination of several events and we can't quantify the degree of their contribution to this market.

[Sled]

@OP, that market is positively moving up but never ask why as the answer could be the same. Nobody knows exactly.

There is no singular reason why bitcoin is in the dip. The market is unpredictable because there are simply way too many factors to ever take into consideration for a single human brain. This is why no one in the world can give you the reason behind btc’s price. We need to realize that this is how markets work. What goes up comes down and vice versa.

We can just blame the whales either and not even because of the FUD.

We ended up just speculating and guessing why it happens, honestly as Bitcoin will be in the zigzag motion even before and we can have this scenario forever. So, the best thing we do is to get calm as this is very understandable, and this is not surprising, it drops today but it pumps back again in a few days.

[LUCKMCFLY]

The price of Bitcoin can be attributed to several things happening at the moment. Take the war between Ukraine and Russia which has led to highly fluctuating market trends globally. In addition, the bull run seems to be over so market is currently having a general correction as expected. Hopefully we can bounce back pretty hard after June.

that's the major event that we are seeing right now as a contributor on what's happening in the market. but there are actually other factors that are influencing this movement. the growing adoption of users and merchants is also one. how about countries that are going positive towards crypto? so what am saying here is that we can't really attribute the market performance in only one event or factor here, as you mentioned also, it is combination of several events and we can't quantify the degree of their contribution to this market.

Yes, in fact the world event that is taking place for now between Russia and Ukraine is what they call in the books as a "Fundamental" and it is a double-edged sword, because if the war escalates it will start and investors will panic and something that I have always known is that in every speculative market when fundamentals occur, emotions are activated and emotions are the reason why speculative markets move, emotions and whales responding to the Law of Supply and Demand, in I am not operating in my case because I am not sure what could happen, so it is a total risk for me, I prefer to be in Hodl mode.

[fuguebtc]

There is no market that only increases without decreasing, it is like a country's economy will have growth and recession depending on a lot of objective factors.
Market correction is no surprise, everything goes as predicted bitcoin hits ATH in 2021 then falls is evident.
Moreover, bitcoin is a long-term investment you should not be too worried when its price drops in the short term. Look at the future, bitcoin is brighter than what you see now.

[virasog]

There is no market that only increases without decreasing, it is like a country's economy will have growth and recession depending on a lot of objective factors.
Market correction is no surprise, everything goes as predicted bitcoin hits ATH in 2021 then falls is evident.
Moreover, bitcoin is a long-term investment you should not be too worried when its price drops in the short term. Look at the future, bitcoin is brighter than what you see now.

To proof this point to the OP and newbie traders, bitcoin was at low price when this topic was created and the people sentiments were down as people were anticipating more crash in bitcoins. But now after two week, bitcoin prices are quite high and are sustaining near the resistance which shows that market could take a reversal from here.
This shows that bitcoin market never moves in a straight line, it may dump along the way. We never know, we might see another drop in bitcoin prices before reaching 50K.

[South Park]

There is no singular reason why bitcoin is in the dip. The market is unpredictable because there are simply way too many factors to ever take into consideration for a single human brain. This is why no one in the world can give you the reason behind btc’s price. We need to realize that this is how markets work. What goes up comes down and vice versa.

This is why trading is so difficult to master, after all we could say that all the movements in the price of bitcoin can be explained by the supply and demand, and while simplistic it is the truth, however when we consider that both of those concepts are the aggregate of millions of people moving their capital under their own understanding of the market, then it is easy to see how it is impossible to create a system that is 100% accurate and to give more specific reasons about why the market moves the way it does.

[Abiky]

The price of Bitcoin can be attributed to several things happening at the moment. Take the war between Ukraine and Russia which has led to highly fluctuating market trends globally. In addition, the bull run seems to be over so market is currently having a general correction as expected. Hopefully we can bounce back pretty hard after June.

There are many factors that can either directly or indirectly affect Bitcoin's price. It could be the current Russia-Ukraine crisis, insider manipulation, or simply FUD by the mainstream media and other entities. What matters here is not the price of a Bitcoin, but rather its usefulness as a censorship-resistant medium of exchange. As long as the pioneer cryptocurrency works as intended, nothing else matters. People just have to learn how to live with Bitcoin's volatility in order to get the most out of it.

With how successful Bitcoin's been since day one, I'm certain it'll reach a higher price within the not-so-distant future. We need to be patient in order to achieve great results in the long run. Just my opinion

[Stella Mese]

I personally think the answer is simple because many are selling bitcoin. and that influences people to sell bitcoins due to economic problems. because right now the world economy is in a downturn, so they sell it. and in my opinion because of the more and more crypto other than bitcoin? it affects the price of bitcoin. because many people are turning to crypto other than bitcoin. so automatically there must be a decrease. and also because of the economic crisis many big investors are selling bitcoins. and also among them the cause of bitcoin's decline due to the covid 19 pandemic.

[ray-yanhuo]

Bitcoin’s price drop may be due to consensus changes。From its invention in 2009, Bitcoin rose to $69,000 in the 11 years to 2021. The reason for the increase is on the one hand because the mining output is halved every four years; on the other hand, because more and more people know and agree with the concept of Bitcoin decentralization. Every time the price of bitcoin rises and falls behind, there will be a group of new people who understand and agree with the concept of bitcoin. This has led to a growing consensus on Bitcoin and decentralization, and more people participating in Bitcoin and other cryptocurrencies, gradually pushing up the price of Bitcoin. From 2020 to 2021, after rising to $69,000, Bitcoin has been widely recognized, and the number of people participating in Bitcoin transactions has also reached a peak. At this time, the sharp rise and fall of Bitcoin prices can no longer attract more attention. At the same time, two factors have profoundly affected the consensus on Bitcoin and cryptocurrencies.
1.Bitcoin is centrally held. Few people hold more than 1 bitcoin, and as the price rises, most people can't afford bitcoin. This leads to doubts about bitcoin: So expensive and hard to come by, does it really have real value? People who hold little or no bitcoins will answer this question based on their own interests, tend to think that they do not, and will not buy bitcoins; people with many bitcoins will say yes, but they will wait for the bitcoin they already have to appreciate rather than buy bitcoin at a higher price. Therefore, Bitcoin lacks the momentum to rise. When the driving force of price increases is exhausted, price drop is inevitable.
2.It is obvious that in the more than ten years since Satoshi Nakamoto invented Bitcoin, although there have been many innovations in the field of cryptocurrency, there is a lack of practical applications that can break through the field of cryptocurrency and penetrate into daily life on a large scale. Aside from the huge increase in transaction prices, ordinary people outside the cryptocurrency space rarely feel that Bitcoin and cryptocurrencies have changed their actual lives. In other words, Bitcoin still relies on the innovation of Satoshi Nakamoto, and its achievements and practical significance have not been widely used and recognized. Doubts and shakes of Bitcoin are thus generated. If the doubts about the real value of Bitcoin cannot be eliminated and the consensus on the value of Bitcoin cannot be generated, then the decline in the price of Bitcoin will not end. This Bitcoin price drop is the first time in Bitcoin’s history that the price has dropped along with a consensus decline. Although it has fallen by more than 70%, it has experienced more severe declines in the past decade or so. But this price drop is still unusual. In the past, every time the price of Bitcoin fell, it was accompanied by a rise in value consensus. This time it was the opposite. Although the Bitcoin price drop was suspended at around $20,000, there is no sign of a consensus on the value of bitcoin. As a result, the price of Bitcoin may fall again, and may not return above $20,000 until consensus is restored.
It has been more than ten years since Bitcoin was invented. Bitcoin needs to be practically used and needs to be developed and innovated, otherwise it will also be abandoned by the times. I wrote an article: "Consensus, Risks and Benefits:Ledger-BasedDecentralized Organizations", which describes a scenario in which Bitcoin is used in real life, and accounts are recorded during use,In the consensus ledger, the ledger is continuously updated with the consensus, and risks and benefits are spread to each row of the ledger. When the consensus, risks and benefits recorded in the books are balanced, multiple decentralized and seemingly fragmented activities will form a flexible, efficient and powerful overall activity.

Please click the link for details
https://drive.google.com/file/d/1Ze2eQvQHqUii07Bgiqre0iNjKUQUXTyL/view?usp=sharing  (simplified chinese)
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