Bitcoin continues to decline, what causes it?

[Sebas.tian]

I think bitcoin has been struggling a bit of late is for the same reasons our traditional investment are all struggling right now. With the war in Ukraine going on it’s simply reeking havoc on everything right now. Massive inflation is also another big issue. It’s simply going to take some time to get back to higher levels.

Yes, the war between Ukraine and Russian really caused
bitcoin price to decreased to $39,000 and also caused inflationn to different countries economy. Many countries are yet to recover from the inflation the war has caused to both decentralized users and centralized users in the land. I think, any moment from this week, bitcoin price will hit $60,000 for those that experienced negative reward from their investment few months ago to use the opportunity to recover from their losses. Since Ukraine and Russian are preparing to embrace peace to end the war that is affecting their citizens and other countries citizens,it will really help bitcoin price to be more stable till the end of this year 2022.

[Mauser]

I wouldn't say it's a big decline yet, bitcoins are still trading around the 40,000 USD level. In my opinion it's a sideways trend we see for a while now. As long as the world is facing all these big issues there won't be any big price jumps up or down. There are always some minor news which influence the price short term, but I don't see anything major happening that could tricker a sell off. The last big news of Elon Musk could have some investors worried that he will try to promote his own Doge coin at the expense of Bitcoins. I wouldn't really worry too much about that, bitcoins tend to always bounce back stronger.

[Dunamisx]

Many countries are yet to recover from the inflation the war has caused

you're right this is true but the only affected here are countries that solely run fiat currency economy.

Since Ukraine and Russian are preparing to embrace peace to end the war that is affecting their citizens and other countries citizens,it will really help bitcoin price to be more stable till the end of this year 2022.

Don't get it wrong, war or no war bitcoin remains volatile and this has nothing to do with bitcoin price, the war affect the economy system of fiat only while bitcoin is a game changer for many countries out of the economy crisis.

the war between Ukraine and Russian really caused
bitcoin price to decreased to $39,000 and also caused inflationn to different countries economy.

I totally disagree with this, how come the volatility in bitcoin price becomes a factor determined by Russia and Ukraine ongoing war? now you to understand this, the ongoing inflation might have been orchestrated by the Russian Ukraine war and this economy crisis "only have effect on fiat currency" and its role in the economy, bitcoin is a different system which does not work with fiat inflation models. Bitcoin has been volatile before the war and will continue to be even without the war anymore.

[rodskee]

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

It wasn't a decline mate but instead a correction process in which Most of the investors are taking their funds out and waiting for the price to drop more so they can buy in cheaper price .
but looking at the market? i don't think there are reason to panic instead take this a chance to buy even more.

I use to feel the same way when i was new here but now? i learned how to use this as opportunity instead .

[molsewid]

It wasn't a decline mate but instead a correction process in which Most of the investors are taking their funds out and waiting for the price to drop more so they can buy in cheaper price .
but looking at the market? i don't think there are reason to panic instead take this a chance to buy even more.

I use to feel the same way when i was new here but now? i learned how to use this as opportunity instead .

Yes it's wasn't a decline of price instead a price correction and that was a natural phenomenon in cryptocurrency. In fact, at this kind of situation where the market price is corrected is the perfect time add assets in your bag or fill in your bags with top crypto like bitcoin and for me this kind of instances is a chance to avail bitcoin instead of buying it in its ATH. And if you are already knew bitcoin or cryptocurrency for a long time you wouldn't be more concern about this situation because to be honest pice correction of the market are affected by different aspects.

[KaliLinux]

why should people always worry about this temporary decline.
I'm quite weird with most people here, they believe in bitcoin, they know they are an asset for the long term but they don't want to see a temporary decline like this.
Calm down buddy, there's no need to look for any reasons they go down and up because now it's a short term and maybe even very short. when you know that they are long term assets why use very short term for reference and panic

I want to believe that they don't even believe in Bitcoin but rather their aim is just to make a profit and most likely is that they don't even have any investment in Bitcoin but since Bitcoins price action affects basically other crypto prices, we see all this cry about little or change in Bitcoin price every time. The market will always go up and come down and this won't be the last.

[evilgreed]

               There are a lot of things going on with the world right now which could be the main reasons as to why bitcoin has been on the decline for a long time now. What's keeping my hopes up though is that there aren't massive crashes that reaches as low as the 33k area yet. And so I am hoping that the next drop will not go as low as 36k. My buy orders are at 37500 but sadly, wasn't triggered. A drop is still coming though, so I'll just have to adjust depending on how btc moves by then. Wishing it bounces up after a short dip.

[Luzin]

              There are a lot of things going on with the world right now which could be the main reasons as to why bitcoin has been on the decline for a long time now. What's keeping my hopes up though is that there aren't massive crashes that reaches as low as the 33k area yet. And so I am hoping that the next drop will not go as low as 36k. My buy orders are at 37500 but sadly, wasn't triggered. A drop is still coming though, so I'll just have to adjust depending on how btc moves by then. Wishing it bounces up after a short dip.

I had a look at the Chart in Binance, Today the lowest price reached $37,700. I think it's strong support, if later it's destroyed then I think there's some price support in the $36k,$34k and $32k area. And furthermore, if it is destroyed then the words of the former Bitmex Chief Executive will become a reality bitcoin will reach a price of $ 30k in June. It seems that this is not in line with the new news of the purchase of 1.1k BTC by etf canada. Maybe if you have the remaining funds collecting BTC step by step at a low price, gradually is a good idea.

[LogitechMouse]

I'm thinking of the possible reasons why Bitcoin continues to decline and I think its because of these.
The Demand is lower than the Supply thus, the price declines. Another one is the sentiments of the investors. Maybe there are some bad news which caused the price declined which I think there isn't.

Just basing on the chart, 36k-37k is considered a short term support and it goes below that price, the next one is the 35,000 and below that would be the 30,000. TBH, I'm a bit optimistic that's why I see this decline will end up sooner that we expected but just by looking at the current events right now we might see Bitcoin going lower than what we expected and I hope it will not happen . I'm still bullish and I will not be surprised if Bitcoin will go sideways for weeks to months.

[Smack That Ace]

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

It wasn't a decline mate but instead a correction process in which Most of the investors are taking their funds out and waiting for the price to drop more so they can buy in cheaper price .
but looking at the market? i don't think there are reason to panic instead take this a chance to buy even more.

I use to feel the same way when i was new here but now? i learned how to use this as opportunity instead .

Panic and dumping only happen to newbies and inexperienced people in the market, I think everyone needs to go through ups and downs to become more mature in the market. There is no better lesson or teaching than to experience it yourself.

Given the current situation, I see more opportunity than risk because we can buy bitcoin at the much lower price with people buying bitcoin over 50k. In the short term, I think bitcoin will continue to move sideways and stay in a bearish range, so take the opportunity.
 

[topman21]

Bitcoin market prices fall for various reasons. The main reason for this is that when people sell bitcoin at high prices as well as some people start buying bitcoin at low prices.Then there was a panic in the market and people thought that Bitcoin might go down even more.That's why some investors sell at a lower price.Maybe that's how the Bitcoin market went down.

[cheezcarls]

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

The problem is that we just simply don't know the real reason behind Bitcoin's continuous pullback as there are so many factors behind it. In my opinion, call me crazy, but I think he withdrew "some" Bitcoin and DOGE in order to finally buy Twitter. We can't really determine the cause of it, as the market price is unpredictable and was manipulated by various whales. Just saying.

[taufik123]

Bitcoin market prices fall for various reasons. The main reason for this is that when people sell bitcoin at high prices as well as some people start buying bitcoin at low prices.Then there was a panic in the market and people thought that Bitcoin might go down even more.That's why some investors sell at a lower price.Maybe that's how the Bitcoin market went down.

In fact there are many factors that cause the price of bitcoin to continue to fall. One of them, as you mentioned, some of them also depend on supply and demand so prices continue to fluctuate. The bitcoin turnover is also very high.

Another factor is that several FUDs circulating on social media continue to corner bitcoin, this has also been manipulated by whales. whales have control over market manipulative practices that are carried out to create panic and buy at lower prices.

As investors or traders, we must understand the current bullish and bearish market conditions, so as not to make a mistake in determining the strategy.

[verita1]

The price of bitcoin falls due to the current market situation, we do not have a feeling of total optimism, there is uncertainty and the idea of reaching 100k has faded.
I do not want to say that bitcoin is destroyed on the contrary bitcoin has strong defenders.
The market is behaving according to opportunities.
Two days ago it became official that Elon Musk bought Twitter. The news caused the price of Doge coin to shoot up from 0.12 to 0.16. Do some believe that Elon Musk is going to allow payments on Twitter with Doge?
When I am concerned about the price of bitcoin, I also check its dominance in the market and it still remains between 39% and I think there is no need to worry.

[Silberman]

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

It wasn't a decline mate but instead a correction process in which Most of the investors are taking their funds out and waiting for the price to drop more so they can buy in cheaper price .
but looking at the market? i don't think there are reason to panic instead take this a chance to buy even more.

I use to feel the same way when i was new here but now? i learned how to use this as opportunity instead .

Panic and dumping only happen to newbies and inexperienced people in the market, I think everyone needs to go through ups and downs to become more mature in the market. There is no better lesson or teaching than to experience it yourself.

Given the current situation, I see more opportunity than risk because we can buy bitcoin at the much lower price with people buying bitcoin over 50k. In the short term, I think bitcoin will continue to move sideways and stay in a bearish range, so take the opportunity.
 

One of the thing that happens is that it is not until you experience the ups an downs of the bitcoin market then it is easy to think that you will able to hold your investment without a problem, but the truth is that the majority cannot deal with the volatility of the market, which is funny because even if the price of bitcoin is currently declining the volatility we are experiencing right now is on the low side so it is not much of a problem for those with experience dealing with it in the past.

[SpenserReed]

and is this the beginning of its destruction?

Don't worry, it's just a long time sideway. Traders are making money between highs and lows 

[teosanru]

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

No matter how much a currency or asset is in demand it will always experience market movements which means there will be times when it will be in great bullishness and there will be times when it will be extremely bearish as well. These market movements actually are made artificially by market makers to make money in this market, imagine a coin which just goes up how will the bears make any money? And how will you actually take out money from weak hands, so all this is nothing but market maneuvers done in order to earn money.

[Disruptivas]

Bitcoin recently hit ATH in terms of correlation with the S&P 500, so as long as the traditional market doesn’t go up or something drastic happens to break that correlation, we won’t see new highs. And I think there are currently zero reasons for a great performance for stocks. It is not a question of Bitcoin falling in this case, but everything is falling, with few excesses, it is a complex moment and in the end Bitcoin rose infinitely, right, this performance seems normal to me.

[bitcrystal]

many factors are affecting it currently but its all showing on the chart using weekly or monthly TF. i hope we dont go down more. just brace yourself up and be careful of longs if you are trader.

[mindrust]

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

The FED is increasing the interest rates lately and that's creating fear in the markets. That's the main cause. If the rates rise too much, the economy will stop and since bitcoin moves with the markets for a long time, if the economy stops, bitcoin will also go down. Bitcoin is correlated with the markets now. It used to be an independent asset but those days are long gone.