Bitcoin continues to decline, what causes it?

[Coin BTC]

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[1714837669]

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[bitzizzix]

This may be due to many factors, but my thinking is that when people with lots of bitcoins start selling at those high prices, the price drops just like any other market.
and unprofessional and weak investors see this drop and start panic selling thinking that it's all over or falling deeper which only causes the price to drop more and causes more people to sell. This leads to an unavoidable decline and is a reality that will not go away including FUD.
and the things that happened to bitcoin will happen again, but in the end the price will go up even more than the previous price. Most importantly, be patient.

[mk4]

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason?

To put it simply — because there are more bitcoin being sold than being bought in the markets.

and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

If we think that this is the "beginning of its destruction" and that it will not come back up some time in the future, then this forum would be almost empty overnight.

You've been here since 2017 though? You should've known by now that bitcoin is very volatile, and that obviously it doesn't go up in a straight line.

[Upgrade00]

even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included,

Bitcoin investment is no a way to get Bitcoin. Investing basically is the process of buying a certain asset which you expect to increase in value with time. if I bought Bitcoin and held, my Bitcoin stash would not increase, what could is the valuation of the bitcoins I got.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

The market value is never stable and goes both ways, i.e rises and falls. This is a constant with Bitcoin and other speculative assets.

[Murtaza345]

This decline of bitcoin is not perminant,and yes its also painful but maybe next some days bitcoin will be in good position because old traders and investors knows very well how to earn From Crypto currency so they are investing more and more money in the markest and very soon Crypto market will be stable and people who will be involved at this time they will be enjoying good profit very soon .

[The Cryptovator]

To be clear Bitcoin value and price isn't the same thing that you are wondering about. Bitcoin price is always volatile, that's the reason why Bitcoin becomes more popular day by day. Bitcoin value is determined by the overall Bitcoin community. But price depends on sellers, holders, and buyers. Price sometimes works emotionally, sellers start to sell and the market becomes unstable. Then more panic sellers start to sell means more price drops. Have you seen the current chart of Bitcoin? Seems to reset the price. So nothing wrong with the price and nothing to worry about.

[mk4]

This decline of bitcoin is not perminant,and yes its also painful but maybe next some days bitcoin will be in good position because old traders and investors knows very well how to earn From Crypto currency so they are investing more and more money in the markest and very soon Crypto market will be stable and people who will be involved at this time they will be enjoying good profit very soon .

"next some days"

"very soon"

Sorry to burst your bubble buddy, not saying it's the case in the current state of the markets, but drawdowns can also take years to end. If you think we're going to the moon "soon", you might end up being disappointed.

[fiulpro]

There are some FUD's floating in the market. Some of them are investigating in matters like *microstrategy trying to silently sell their coins*, *Bitcoins reaching it's full potential as well with other Altcoins making way to better investments* things like that are scaring the people away, this inturns means that it would be a cause of concern for the investors and people who just entered the market, the people who have already been here do understand this question pops up every now and then in everyone's head and they are quite aware of the fact that it's more or so something that you should not concern yourself with , the price will rise again ofc and we do know that we will see an ATH sooner or later, it's all about patience.

[KingsDen]

Bitcoin continues to decline, what causes it?

Since Bitcoin was created, I believe this is not the 100th time it's declining. That's it's nature. I would also love to see you ask why Bitcoin continues to appreciate during the bull run.

...even very many people are looking for a way and looking for ways how they can get this Bitcoin.

You are correct that people are looking for a way to buy Bitcoin, and the best time to buy this Bitcoin is when it declines. So, the decline is also a buy opportunity and not a wound to Bitcoin.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason?

The reason is to give you a buy opportunity and the spread of Fud as you did by saying of bitcoin destruction.

and is this the beginning of its destruction?

Destruction by the government or by who? Are you still seeing Bitcoin as a bubble?

and do you think all Bitcoins will recover with a comeback?

I do not understand this, are there factions of bitcoin? That one faction will recover and another will sink.

[Fortify]

Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency, even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included, here we all know about this Bitcoin price, in the past few months Bitcoin price ranged at $ 63k.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

Thank you <3

There has been a lot of bad news lately for the world of cryptocurrency and in a world of high energy prices, anything that uses a lot of energy (like mining) is going to draw potentially unwarranted attention. There is also the fact that Bitcoin often moves in tandem with the world economy which has taken a bit of a dip recently with the war and covid still lingering around. It can take a rather long time to firm up a solid baseline and we should be encouraged rather than disheartened that Bitcoin is still 2/3 of the way to the highest price it ever made. It sucks if you bought in near the peak, but you really should only spend money on investments that you can afford to lose or be prepared to wait a long time (10+ years) for the rewards.

[AmoreJaz]

There are some FUD's floating in the market. Some of them are investigating in matters like *microstrategy trying to silently sell their coins*, *Bitcoins reaching it's full potential as well with other Altcoins making way to better investments* things like that are scaring the people away, this inturns means that it would be a cause of concern for the investors and people who just entered the market, the people who have already been here do understand this question pops up every now and then in everyone's head and they are quite aware of the fact that it's more or so something that you should not concern yourself with , the price will rise again ofc and we do know that we will see an ATH sooner or later, it's all about patience.

some people keep on asking this question, because i believe, they just want assurance from the community. that this decline is just normal and there's nothing special about it. in the past decade of bitcoin's existence, we already seen countless up and down movement. and the factors involve also changes, it depends on the current situation and the news surrounding it. no one can identify a single factor why bitcoin is going up or down, it is more on the contribution of various factors. so nope, no one can give the OP the answer to his question. just be aware of what's happening in the market and the related news that may influence the market movement.

[YinShuiSiYuan]

Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency, even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included, here we all know about this Bitcoin price, in the past few months Bitcoin price ranged at $ 63k.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

Thank you <3

To tell you the truth, I don't see any clear negative news or signals from other financial markets. My suspicion is that these down trend could be caused by two things that come together. Inflation following the pandemic and the war in Ukraine.
Both of these reasons seem obvious, but I'm surprised it's all happening so slowly. Rather, I expected one quick drop in prices. Although it may still come.

[GeorgeJohn]

Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency,

Bitcoin is like the way you think about it because is superior than any other cryptocurrencies. And basically bitcoin is really the demand of people because it gives rise to any other coins and it's values remain potential...you can't buy bitcoins and get lost out of it, except it's a situation where by you are on panic to sell. Holding bitcoin for long distance of time will help to regained your lost, because every year bitcoin get depreciated or appreciated

[Hamphser]

=

To tell you the truth, I don't see any clear negative news or signals from other financial markets. My suspicion is that these down trend could be caused by two things that come together. Inflation following the pandemic and the war in Ukraine.
Both of these reasons seem obvious, but I'm surprised it's all happening so slowly. Rather, I expected one quick drop in prices. Although it may still come.

Possible be the reason or not and we know that fundamentals arent really that precise for you to rely on when it comes to these kind of analysis and presuming that this is the culprit on why we are seeing

market price decline.Yes, it is most likely that people will really be pointing out their fingers on why we are experiencing this but we know that this isnt something that you could really make out some

conclusion since there are really other factors too but people do only keep on sticking neither following TA's or FA's.It doesnt matter as long it does works then this is where people do stick out.

[Amjado711]

there is so many reasons that is effecting the price of bitcoin, however I don't think this is the end of it, it's only a sit back and it will go up on the right time.

[passwordnow]

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

Thank you <3

Guys, I always see people thinking of too much for bitcoin when it starts to drop a lot. Thinking of its destruction just because it has been dipping recently is too much.
Now, it has finally recovered and went back to $40k at this moment. Be used to this market motion because this is how bitcoin works, you're going to see that it will recover eventually no matter how big the drop is.

[GeorgeJohn]

there is so many reasons that is effecting the price of bitcoin, however I don't think this is the end of it, it's only a sit back and it will go up on the right time.

No sector controls Bitcoin or regulate Bitcoin, and it's well known that bitcoin price is determine by the market demand and the market supply, if bitcoin is returning to the bullish market depending on the market demand, it will not take much time and when it wants to fall it doesn't take time also.so that's the movement regulations of cryptocurrencies especially bitcoin

[suryana]

bitcoin is currently experiencing a decline that is so significant that it makes miners also feel worried about it where the decline in bitcoin is caused by several.factors, one of which is the bad world economy in recent years coupled with the war that occurred on the European continent so that the currency cryptocurrencies are getting weaker on global stock exchanges as a result of the impact of the war caused by the two countries.and we really hope that bitcoin can return to stability as it has in recent years

[sheenshane]

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

There are too many factors to consider and might be the reason for this decline but in fact, the Bitcoin price recovered again and back to the $40k price range.  In general, the reason could be, that there are too many sellers than the buyers, the demand and supply will always matter to the Bitcoin price.

Self-destruction?
You're overthinking it and you might forget that no one control Bitcoin or the centralized organization behind it so I don't think there's self-destruction.
Believed it, this is pretty normal to the Bitcoin price that has an up and down the price movement just because of the volatile movement that makes the price fluctuate.  So, understand first the Bitcoin movement and you'll not confuse about it, in fact, we're still in a healthy market condition.

[Yogee]

bitcoin is currently experiencing a decline that is so significant that it makes miners also feel worried about it

Do you have any data to back this up or at least know any major miner and talked to? There seems to be no significant drop in hashrate and that probably suggests miners aren't that bothered with the current price movement. Nobody is turning off their hardware because BTC is "dancing" in $38K to $40K range.