why Bitcoin Dumping ?

[Researchoo]

Bitcoin Started Dumping again 
Now can we expect $17000 Again?
According to me, it will Dump again $17000    am I right?

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[Oshosondy]

Why panic? Do not expect bitcoin price to be increasing without any correction. We are also in the time of both bulls and bears, no side is more certainly predictable this time.

Bitcoin may decrease and reach $17000, or it may not. But that should not be a problem if you have good strategies of investment.

I think bitcoin may not decrease back to $15000 again, but bitcoin may decrease to $17000. That is a guess, I may not be right.

But I am right that we should not fear but see it as unrealized loss that will turn to profit in long term.

If bitcoin price decreases, just buy more and be happy that you buy at low price again.

[tjtonmoy]

Bitcoin Started Dumping again 
Now can we expect $17000 Again?
According to me, it will Dump again $17000    am I right?

I can not give you any suggestion, but from what I can see it won't fall that bad. But if it does, it may go towards as low as $10k per BTC. Noting is certain. We may also see a bull run sooner than expected. The bull run will begin in 2024 as predicted. No one can say it for sure 100%. We have a long way to go still. One or two fall may occur. Remember, bear market is not a bad thing. It's an opportunity. So be sure to be ready to buy and fill your bags when the time is right. If not, try DCA.

[BenCodie]

Bitcoin Started Dumping again 
Now can we expect $17000 Again?
According to me, it will Dump again $17000    am I right?

According to you it will dump again to $17,000....then you ask if you are right?

Who exactly are you asking? You are not going to get one answer from all community members. You will get tens/hundreds of different answers. Also how will we know how is right, are you just stating an absolute result that eventually bitcoin will or won't hit $17,000 again, or are you talking about a specific time frame?

Either way, your thread is valueless. You should not be asking the community what to expect and you should expect volatility, because that is Bitcoin.

[bittraffic]

It's up to you to do it. If it's really dumping and you saw it a week ago, it would have been better if you did it last week before this dump.  
You are assuming it is too low thinking that we are still early in the bear market. We are already in the last stage of a bear market, it's safe to think we are about to go up.  Think again because you might need to more USD to buy back the BTC you will sell today.

[PrivacyG]

Any body holding from when Bitcoin was $100 would laugh at your question.  Bitcoin will fluctuate.  It always has.  Now you either panic and pretend to be a crystal ball or you be smart and play the market.

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Regards,
PrivacyG

[KennyR]

Any body holding from when Bitcoin was $100 would laugh at your question.  Bitcoin will fluctuate.  It always has.  Now you either panic and pretend to be a crystal ball or you be smart and play the market.

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Regards,
PrivacyG

Market is volatile all around and that is the reality of bitcoin. We're into the important week as more things are to be announced and the same can have positive as well as negative impact over the market of Bitcoin. Tomorrow CPI announcement which could make some changes. Following day is for US retail sales announcement, followed is the Unemployment claims. So, every information could make some noise in the market.

[CageMabok]

Bitcoin Started Dumping again 
Now can we expect $17000 Again?
According to me, it will Dump again $17000    am I right?

For now I personally don't expect another $17000 even if you make such a prediction to expect Bitcoin to return to $17000 again. Right now I'm just thinking and hoping about an improvement in Bitcoin and the correction you are seeing right now is a simple thing that has always been in the market. So please hope logically because now Bitcoin is starting to approach $22000 again with a very normal increase.

[yhiaali3]

The main reason seems to be due to pressure on Binance stablecoin BUSD by the SEC as it ordered Paxos Trust Co (the issuer of BUSD) to stop creating more stablecoins pegged to the dollar.

This news created a FUD in the market and everyone started to panic and try to dump BUSD into another stablecoin for fear of its collapse, this of course caused a huge drop in the liquidity in the market and thus the massive drop in Bitcoin followed by a drop in the entire market.

But in my opinion, this is a temporary situation and soon the market will recover again.

[mk4]

According to me, it will Dump again $17000    am I right?

Maybe at least tell us why you think it will dump to $17000? So we would actually at least have a basis on what to discuss.

Also, check bitcoin's price history. Dumps are nothing new at all.

[Fundamentals Of]

Dumping? You talk of Bitcoin as if it is another pump and dump shitcoin. Bitcoin's price has always been unpredictable. It suddenly leaps high without anybody expecting. It could go sideways when everybody is bullish. It could fall just when people are expecting that the market is already bullish.

What exactly do you mean Bitcoin is dumping? The price remains above $21,000. Just a month ago, it was just at around $17,000. But what now if it falls back to $17,000? It means a better buying opportunity has come back and we should make the most of it.

[Edwardard]

Imo, The most recent dump is caused by the traders who saw the weekly death cross in the bitcoin's chart. That is why you are seeing btc acting weaker than the spx too, after the last week close. But if the US30 and spx keeps rising today after cpi data, btc will eventually find support somewhere here and start going up again.

The main reason seems to be due to pressure on Binance stablecoin BUSD by the SEC

I don't consider this bad for bitcoin. Instead, such type of news are bullish for btc since any unusual effect on stablecoins will force ppl to get out of it and buy cryptos such as BTC for their own safety.

[dansus021]

Why panic? Do not expect bitcoin price to be increasing without any correction. We are also in the time of both bulls and bears, no side is more certainly predictable this time.

Agreed  Bitcoin needs a correction when the price is Up you will always see a downturn or pullback it is necessary and retest to continue the run and it happen also when the price is down vice versa. So if you still have money DCA maybe is the best when it comes to correction like this #DYOR #DWYOR

I will share my chart since this was a speculation board

This is Daily TimeFrame bitcoin retest at 200 EMA and should bounce back from there (at least that I hope  ) The Stochastic RSI also in oversold meaning there is chance to back to retest resistance area on $25K

[adaseb]

The news lately that has been making headlines is now BUSD is considered an unregistered security by the SEC. Now how they came up with that I wouldn’t understand. We had USDT for years and they never considered it a security but now all of a sudden they are going after Binance. Before this it was kraken getting sued for the staking  being considered an unregistered security.

However FTX went completely under the radar and those other companies which commited fraud. I will never understand how SEC think. So far Bitcoin is holding up to this news. Most will convert to Tether and move on.

[bitmover]

The news lately that has been making headlines is now BUSD is considered an unregistered security by the SEC.

I agree, IMO this is the reason for bitcoin dump as well.

Now how they came up with that I wouldn’t understand. We had USDT for years and they never considered it a security but now all of a sudden they are going after Binance. Before this it was kraken getting sued for the staking  being considered an unregistered security.

However FTX went completely under the radar and those other companies which commited fraud. I will never understand how SEC think. So far Bitcoin is holding up to this news. Most will convert to Tether and move on.

The problem is that BUSD is issued by Paxos in Ethereum blockchain.

Recently, Binance decided to issue  BUSD in BNB and TRON blockchain without any Peg to actually BUSD from Paxos (creating money out of nowhere). They said that here in their website:

https://www.binance.com/en/blog/ecosystem/how-we-back-binancepeg-busd-and-explaining-historical-discrepancies-7761334533351669941

Recent news reports have shone a light on Binance-Peg BUSD (“PBUSD”) and how it doesn’t always appear to have been completely backed by BUSD issued by Paxos. PBUSD is minted on several blockchain networks including BNB Chain, Avalanche, Polygon, and TRON

Then, you can read the same in SECs report:

DFS has ordered Paxos to cease minting Paxos-issued BUSD as a result of several unresolved issues related to Paxos’ oversight of its relationship with Binance in regard to Paxos-issued BUSD. In response, on February 13, 2023, Paxos notified customers of its intent to end its relationship with Binance for BUSD.

The Department is monitoring Paxos closely to verify that the company can facilitate redemptions in an orderly fashion subject to enhanced, risk-based, compliance protocols.

It is important to note that the Department authorized Paxos to issue BUSD on the Ethereum blockchain. The Department has not authorized Binance-Peg BUSD on any blockchain, and Binance-Peg BUSD is not issued by Paxos. There is currently no restriction on the listing or exchange in New York of existing Paxos-issued BUSD by DFS-licensed entities.

https://www.dfs.ny.gov/consumers/alerts/Paxos_and_Binance

[justdimin]

The news lately that has been making headlines is now BUSD is considered an unregistered security by the SEC. Now how they came up with that I wouldn’t understand. We had USDT for years and they never considered it a security but now all of a sudden they are going after Binance. Before this it was kraken getting sued for the staking  being considered an unregistered security.

However FTX went completely under the radar and those other companies which commited fraud. I will never understand how SEC think. So far Bitcoin is holding up to this news. Most will convert to Tether and move on.

I think USDT is considered a "security" if they were as business as Binance, the difference is that USDT is not a company based out of USA, but binance.us is, and they are owned by Binance, and they control the whole of BUSD, not the same thing.

Obviously still terrible that they could make it like that, and I think they are basically saying "if we can't control you, we will punish you" and nothing more, and CZ knows this and will move towards more VPN side and not really care about what they say, because freedom to do whatever you want instead of doing what government wants will be a better profit maker for them. This is why they do not look worried about this at all.

[Nrcewker]

Bitcoin Started Dumping again 
Now can we expect $17000 Again?
According to me, it will Dump again $17000    am I right?

First of all there is no need to panic. These little dumps and pumps are normal, and this is how the market works. If you don’t know about this, then probably you are new to this marketplace. Moreover what if also Bitcoins falls back to 17k usd? You will panic sell now? Dude Bitcoins are limited in number and rarest coins. So hold as many as possible as you can. In the future when the demand will be high, sell these in sky rocket price. And at last don’t take too much worries about these mini pumps and dumps. These are only done by the big whales to manipulate the market and making the most profits from it.

[GigaBit]

Bitcoin Started Dumping again 
Now can we expect $17000 Again?
According to me, it will Dump again $17000    am I right?

I can not give you any suggestion, but from what I can see it won't fall that bad. But if it does, it may go towards as low as $10k per BTC. Noting is certain. We may also see a bull run sooner than expected. The bull run will begin in 2024 as predicted. No one can say it for sure 100%. We have a long way to go still. One or two fall may occur. Remember, bear market is not a bad thing. It's an opportunity. So be sure to be ready to buy and fill your bags when the time is right. If not, try DCA.

I just think that one should not get too excited by seeing Bitcoin rise and be disappointed by falling. This is within the normal process. Sometimes the price will increase and sometimes it will decrease and an investor should understand its nature and invest and have to make profit from it. It is normal for the market to be bullish for a few days and then turn bearish again. So don't get too excited about this. An investor or holder should strive to reach that desired position. There is no reason for Bitcoin price to fall at present, it is naturally happen for the volatility.

[tjtonmoy]

Bitcoin Started Dumping again 
Now can we expect $17000 Again?
According to me, it will Dump again $17000    am I right?

I can not give you any suggestion, but from what I can see it won't fall that bad. But if it does, it may go towards as low as $10k per BTC. Noting is certain. We may also see a bull run sooner than expected. The bull run will begin in 2024 as predicted. No one can say it for sure 100%. We have a long way to go still. One or two fall may occur. Remember, bear market is not a bad thing. It's an opportunity. So be sure to be ready to buy and fill your bags when the time is right. If not, try DCA.

I just think that one should not get too excited by seeing Bitcoin rise and be disappointed by falling. This is within the normal process. Sometimes the price will increase and sometimes it will decrease and an investor should understand its nature and invest and have to make profit from it. It is normal for the market to be bullish for a few days and then turn bearish again. So don't get too excited about this. An investor or holder should strive to reach that desired position. There is no reason for Bitcoin price to fall at present, it is naturally happen for the volatility.

Yeah totally.
Having a target price could make things easy though. If you fix your target and wait for it, then price change won't matter. You will just have to wait for the right time. Traders can make money from this volatility, but for an investor, they need targets to fill. So it should vary from people to people. 
But if you know enough about bitcoin, then there's no need to worry about any dump. It will grow again.

[Macadonian]

A small correction that appears to be recovering already. I take this as a good sign and I think that shows the strength of the investors because they are not selling and holding firm. This might be the start of a good year and we can maybe recover some of last years all time high.