I've been confused in BTC

[South Park]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

When it comes to bitcoin you need to always be prepared for extreme movements, now sometimes the movements can be upwards and as such investors get really happy about them, but the movements can also be downward and as such they can bring great losses especially if you are trading with leverage, so what can we do about it? Nothing, the market moves independently of our desires, so you either learn how to deal with those movements or you get out of this market until the next bull run comes.

[Finestream]

No one knows if the price of bitcoin is going to fall further or not, but if you hold, the price will later rise and reach all-time-time. Even if bitcoin price fall further, likely it is not going to fall below $17500, if it continues to fall further, it would only slightly fall further. If you are able to hold till 2024/2025, people will fomo after 2024 halving and all-time-time is possible.

Bitcoin is so much volatile so expect that it’s price will always move up or down. And since we are still in a bear market condition, the price of bitcoin will definite fall further, but somehow it managed to rise up again after every fall, so there’s no need to worry for that. Bitcoin aims to settle at a higher value, so if it’s price falls, it will be temporarily. However, if you aim to hold bitcoin, the more reason that you should not be bothered easily by price drops as you will only sell them once the value will be profitable too.

[Oilacris]

No one knows if the price of bitcoin is going to fall further or not, but if you hold, the price will later rise and reach all-time-time. Even if bitcoin price fall further, likely it is not going to fall below $17500, if it continues to fall further, it would only slightly fall further. If you are able to hold till 2024/2025, people will fomo after 2024 halving and all-time-time is possible.

Bitcoin is so much volatile so expect that it’s price will always move up or down. And since we are still in a bear market condition, the price of bitcoin will definite fall further, but somehow it managed to rise up again after every fall, so there’s no need to worry for that. Bitcoin aims to settle at a higher value, so if it’s price falls, it will be temporarily. However, if you aim to hold bitcoin, the more reason that you should not be bothered easily by price drops as you will only sell them once the value will be profitable too.

If it wasnt volatile in the first place then we wont really be seeing much support that we can see as of this moment which does means that people do really get interested into its increasing value rather than

into its actual utility but well we know that we could really benefit on both ways or paths which means that there's no way that there's other coins into this market could beat it up and its been on #1 spot

ever since into it existence which does simply imply that huge support is really backing it out.If it wasnt that volatile then we cant really make money or profits with it which it
is really just that a common sense.

[Viscore]

News flash: Bitcoin, or any other decent asset investment isn't going to continuously go up forever, and especially not in a straight line.

Just like any other investments, bitcoin price is also affected too whenever there are negative news and trends that will hit the crypto market, the reason why bitcoin suddenly falls but it also recover its value after some time. But with high patience and good determination in hodling bitcoin, bitcoin price drops will never be relevant at all as they won’t be happening the whole duration in the market.

[Oshosondy]

Just like any other investments, bitcoin price is also affected too whenever there are negative news and trends that will hit the crypto market, the reason why bitcoin suddenly falls but it also recover its value after some time. But with high patience and good determination in hodling bitcoin, bitcoin price drops will never be relevant at all as they won’t be happening the whole duration in the market.

I can not dispute the fact that bitcoin can be affected by news, but news is not what that determines the price bitcoin is presently, checking bitcoin halving, bitcoin all-time-high in each halving and also the lowest price in each halving to know what I am talking about. News can cause bitcoin price to fall, but it would later be corrected. Bitcoin has massive bull and bear periods, like 4 yeair cycle.

[davis196]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

Only newbies get butthurt because the price drops by 10-15% in a week.
Hardcore traders don't get overwhelmed by the price volatility and the hardcore HODLers simply buy and HODL without paying attention to any short term ups or downs. The market is what it is. It's pointless to get disappointed, just because the price went down for a while.
Your question is dumb because nobody has the paranormal skill of predicting the future. The price will fall or rise multiple times. Nobody knows when and how much.

[bitterguy28]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

never disappoint in something that you don't fully understand because look on how you commented here? just because price dumped 3k you are already having these thoughts but what about from the ATH to 17k? isn't a bigger issue that you must feel disappointed .
and also ? bitcoin will always recover and that is something you must put on mind and if you don't feel comfortable then this is your problem and you dont deserve to be here.

[fzkto]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

A 10% change in the cryptocurrency market is a common thing. It happens very often and even more than once a day. As for further drops - of course the price can fall even lower. It all depends on you, if you have iron nerves, then you can be calm and not pay attention to such fluctuations. Some time will pass and you will be able to sell your coins at a much higher price.

[Nrcewker]

First time? I reckon you should just let it go if you're not shorting, but if you are then I don't see any reason why you should be confused or disappointed, rather you should take advantage of differences in prices like this to profit. Price dropping down isn't an impossibility, you as well as us don' really have foresight so we don't really know what exactly is going to happen in the future. I honestly want you to just experience maybe this season without expecting much so that you can realize that this kind of changes is rather normal in the market.

These newbies always panic when they see that the price has dropped.
They don’t understand the chronology that, when the price falls down, it gives up a vast opportunity to buy it in cheaper price.
Instead of panicking about the price, and frowning on whether to sell or not. It’s better to take time and observe the market.
Soon again in few weeks the price will come back to normal. If possible OP don’t get confused and think patiently.
If you also have some extra money then take advantage of it, and buy the coins in this low price.

[YOSHIE]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

Maybe I can say for you, if you look at the current crypto market, don't expect to invest or hope Bitcoin can go lower, some experts in speculating on Bitcoin say.
"Bitcoin is currently not worth investing in, a good move for current Bitcoin users to trade, given the unstable crypto market, today you see the price of Bitcoin $20k tomorrow you can see $25k, something like this can happen until the end of 2022".

That's the hope that can be done, so as not to become a burden and a headache to see the current market.

[justdimin]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

Why are you disappointed when bitcoin prices drop? I think it's a good thing because you will be able to collect bitcoin at a substantial discount when bitcoin prices drop. When the price of bitcoin increases but you don't have bitcoin in hand, how can you be happy so now take advantage of buying more bitcoin for yourself? Bitcoin decreases or increases that is the cycle of bitcoin, the stronger the decrease, the stronger it increases, so you don't need to worry too much about bitcoin but worry about your pocket.

Not many people understand why it is a good thing, that is why they are always wondering what's wrong and so forth. Just make sure that you know the real deal and do not worry about people making these type of mistakes. They are worried when bitcoin price goes down but the reality is that the price going down is a good thing, you know this and I know this and that's why we are happy when it goes down.

I hope to god that it will stay like this or even go down a lot more before the month ends, so that I could buy a lot more when the time comes, this doesn't mean that we would be making right away, but it would give us a chance to make more money later on.

[Webetcoins]

Comparing the drop between ATH to ATL vs the drop between $24k to $21k or around 20% is a very long stretch. It's more about the market looking grim and investors' trust slowly dries out. It might hurt the potential chance of BTC rising again. Sure BTC will rise again but how much if it has dropped at a low price for too long? Do you expect someone who bought BTC at 20k won't sell and keep on holding when it hit, say 30k? His worry and disappointment are not unfounded.

We do not know if when is the exact time he entered. Maybe this is only his first time and he entered when the price is at 24k and for him, it's a big drop already when the price drops by 3k. While we that are not new here and we witness the ath and then the beginning of the bear, we are still not discourage but we keep on buying btc despite of what happened with its price.

Some will distance their selves but many will choose to embrace this dip because they also see the opportunity. There are some will sell immediately after a small increase but I think majority will continue hodling till we get a new ath so therefore the potential of btc to rise is always there.

[Kelvinid]

I'd see the lack of your experience and market exposure make you think about it and even have doubts. Therefore, I suggest you make more digging in order to find out what happens in the past and for you to see how Bitcoin is going. if you can see the fluctuation of prices, up and down of the trend, then you can say it was normal and most of all, we have nothing to worried about.

from $0 to the current price, not even wondering - it was absolutely growing.

[savetheFORUM]

I will admit that in the beginning it was really confusing, but hey, the good thing is that bitcoin investment is not like a sprint, it's a marathon so you have a lot of learnings to do in this market. And I will say that if you have experience a full cycle (bearish and bullish cycle), you will slowly start to understand why the market needs to go down like what we are experiencing. For the reasons, maybe you can search around this community or go to some crypto related websites. But let me remind you that you need to filter every information that you are going to read because some of them might not be true though.

Beginning of? Btc price do always work like this (up and down, down and up) it is really confusing and no one knows what can happen next. Maybe the op is only a newbie in here, and he didn't know this thing yet but as soon as he stays here for a while, he will only get used to it and he will say that the up and down movement in the price was a good thing and not really a disadvantage because that can allow him to trade btc and make a profit.

It only becomes a pain if you are a long term investor. It's annoying that the more you wait, the price won't easily reach on your desired price due to several factors which can affect the price of btc but if you have a patience, the price can soon get there.

[Inspiron14]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

the market is still bearish don't expect to be able to rise above $25k even at $30k,
I don't think it's time for bitcoin to go up, but it's time to go down deeper,
especially now that the price is below $20k, of course it's very easy to go down to $17k

[DoublerHunter]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

the market is still bearish don't expect to be able to rise above $25k even at $30k,
I don't think it's time for bitcoin to go up, but it's time to go down deeper,
especially now that the price is below $20k, of course it's very easy to go down to $17k

^ Only a weak hand will usually be called a loser.
There is nothing to lose if you still hold and own BTC, 1 BTC will remain 1BTC if you will not sell during the bear market. The market has been known that it is very volatile and it could be the price is up and down. So possibly it is unpredictable and no one knows what will happen in the market price, especially BTC. It is very simple logic, don't sell if the price is under the price where you bought it, just set a profit when you will cut your profit and it could be a long-term holding.

[Renampun]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

I think you have never analyzed the history of bitcoin prices so far...

changes that occur in the price of bitcoin occur because of buying and selling activities that occur in the market, today you may see the price of bitcoin at $21k but tomorrow you may see the price of bitcoin at $40k or more, so the price of bitcoin will never be stable. one thing you should know is never to worry too much about the bitcoin price.

[BitcoinPanther]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

It is possible since Bitcoin price movement is greatly affected by news and sentiment.  Right now the sentiment is bearish, Powells speech is also not helping with the Bitcoin market, instead it fuels the market for bear trend break out.  Then comes the liquidation of  Mt.Gox hacked-BTC which can cause rumors.  There isn't a good news today to at least change the sentiment of the market.  So it is possible that we can see another lower lows in the next weeks meaning Bitcoin might price might go lower.

[darkangel11]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?

the market is still bearish don't expect to be able to rise above $25k even at $30k,
I don't think it's time for bitcoin to go up, but it's time to go down deeper,
especially now that the price is below $20k, of course it's very easy to go down to $17k

IMO the market isn't bearish at this point. It's in a state of pause between moves. People are not dumpindg bitcoin, but they aren't buying it either. The problem is that bitcoin is constantly being mined and that new coins land on the market because miners cannot pay their bills with them. They have to sell to get fiat currency which creates a constant sell pressure. Bitcoin has to be bullish to not fall while other assets can be neutral and do the same

[freedomgo]

I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars.

You are disappointed with the market trend of Bitcoin because you don't understand how it works. Bitcoin price operated in a 4years cycle and we're currently in the market winter season which is also the best entry time and I will advise you to make use of the market dump in price advantage and hold till the next halving market ^{( which will happen in 2024)} instead of you beating yourself on something you can never change.

I want to know from you, is the price of Bitcoin likely to fall further?

Yes, the price of Bitcoin will likely dump in the future market and I expect BTC to achieve its bottom price during Q4.

Bitcoin price will never settle into a fixed value, it’s price will always fall further because of the fact that it’s highly volatile. However, you should not worry about this OP because bitcoin will never stay in a low value the whole time, it has its own right timing to recover and skyrocket again. But if you keep being bothered every time the price drops, I guess you should study more about the concepts of bitcoin so you will understand its market price moves.