why Bitcoin Dumping ?

[chmod755]

why Bitcoin Dumping  ?

Maybe the China ban is affecting price?

China’s central bank said all cryptocurrency-related transactions are illegal
https://bitcointalk.org/index.php?topic=5361687.0

Berkshire’s Charlie Munger Praises China for Banning ‘Worthless’ Bitcoin
https://www.barrons.com/articles/berkshire-charlie-munger-bitcoin-crypto-7f07ee72

[Tony116]

I don't think, Bitcoin price will decrease back to $17,000 because the price of Bitcoin has increased to $23,547 few days ago to prepared the mind of long term investors and short term investors that bearish season is about to leave for bullish season to take over the market. If you are still waiting for the price of Bitcoin to decrease below $19,000 or $18,000 before you can buy and hold, I think you are wasting your time because the price of Bitcoin is still $23,000 for any investors to buy and wait for the price to increase higher before they can sell to make a good profits.

We're still not out of the bear market, so there's no guarantee that won't happen. But if we wait for that to happen to buy in, that's a bad idea. For me, bitcoin falls back or continues to rise, I don't care much because I will only sell bitcoin in the next bull season. If bitcoin drops back, I will try to collect more bitcoins with good prices, but if bitcoin goes up to 25k-30k, I will also buy when I have money. As long as I can buy bitcoins for less than my sell target, I'll buy them.

[Taskford]

I don't think, Bitcoin price will decrease back to $17,000 because the price of Bitcoin has increased to $23,547 few days ago to prepared the mind of long term investors and short term investors that bearish season is about to leave for bullish season to take over the market. If you are still waiting for the price of Bitcoin to decrease below $19,000 or $18,000 before you can buy and hold, I think you are wasting your time because the price of Bitcoin is still $23,000 for any investors to buy and wait for the price to increase higher before they can sell to make a good profits.

We're still not out of the bear market, so there's no guarantee that won't happen. But if we wait for that to happen to buy in, that's a bad idea. For me, bitcoin falls back or continues to rise, I don't care much because I will only sell bitcoin in the next bull season. If bitcoin drops back, I will try to collect more bitcoins with good prices, but if bitcoin goes up to 25k-30k, I will also buy when I have money. As long as I can buy bitcoins for less than my sell target, I'll buy them.

Some people think that we are already in bullish season while the fact is the price recovery happen is so little compare on its past ATH so maybe best if they lower down their expectation and be aware on the risk for taking risky decisions since we might see the price to dump. Although we break the recent $25k yesterday but it doesn't guarantee anything but if what figures you said the $30k will be reached maybe this could change the pace and we can call it bullish condition since for sure hype will build up towards this price reached.

[Natalim]

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

Well, I think you need to further enhance your knowledge about the market and also to keep your emotions under your control. I understand that you are just new here and it was very common to wonder why it goes like this. But if you understand the nature of the market, you will know that this is really going to happen in a volatile market.

$17,000? We're not sure about but I was been optimistic despite the current drop and I won't think it drops to that level again.

[ivankoh]

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

I still don't understand in what period bitcoin shows this strong recovery, although I am not sure if this optimism is healthy or not?  But you can tell by analysis/market/technical data and news… bitcoin has completely outperformed the recent FUDs, personally I don't think the 17k price is in line with today's reality.  Support is growing and you've seen a 1-week bitcoin sideway to 21k and break 25k back for the first time this year.  This is a signal that I think the structure is building, strengthening in the long term.  at least the expectation in 2024 is much greater.  Anyway, the 17k scenario is still a possibility, and we all have to be ready for anything.

[ilovealtcoins]

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

I still don't understand in what period bitcoin shows this strong recovery, although I am not sure if this optimism is healthy or not?  But you can tell by analysis/market/technical data and news… bitcoin has completely outperformed the recent FUDs, personally I don't think the 17k price is in line with today's reality.  Support is growing and you've seen a 1-week bitcoin sideway to 21k and break 25k back for the first time this year.  This is a signal that I think the structure is building, strengthening in the long term.  at least the expectation in 2024 is much greater.  Anyway, the 17k scenario is still a possibility, and we all have to be ready for anything.

Yes, although Fuds are spreading in the market, but bitcoin still hit $25k today. Shows that a bitcoin drop below $20k is highly unlikely. I believe we have bottomed in this bear season, and those who missed out in 2022 should buy bitcoin now instead of thinking it will fall again. If bitcoin can go up to 30k this quarter, we will never see a 20k price again, those who wait for it to drop will regret it.

[ShowOff]

$17,000? We're not sure about but I was been optimistic despite the current drop and I won't think it drops to that level again.

$17K would no longer be touched without FUD being very bad on crypto. People are getting more and more optimistic that the bitcoin price during 2023 will stay above $20K even though some of us have concerns about the dip. But short-term fluctuations should be ignored as much as possible if your goal is to make profits in the long term.

OP, you should be pretty capable of avoiding panic when the market fluctuates. If you want to get good profits, then you have to be prepared for market conditions and ignore fluctuations. After all, the market is never stable, you can make profit in the long term even if the price drops at this time.

[cryptomaniac_xxx]

$17,000? We're not sure about but I was been optimistic despite the current drop and I won't think it drops to that level again.

$17K would no longer be touched without FUD being very bad on crypto. People are getting more and more optimistic that the bitcoin price during 2023 will stay above $20K even though some of us have concerns about the dip. But short-term fluctuations should be ignored as much as possible if your goal is to make profits in the long term.

I agree, at the start of this year, everyone is very positive that we will bounce back and forget how bad 2022 is for all of us. And so we are all optimistic that we won't see anymore lower lows and that we have seen the worst for this long bear market.

OP, you should be pretty capable of avoiding panic when the market fluctuates. If you want to get good profits, then you have to be prepared for market conditions and ignore fluctuations. After all, the market is never stable, you can make profit in the long term even if the price drops at this time.

Good advise, but I guess everyone should go on the experience of panic, not saying that it is good, but at least if you have seen in first hand and you reacted the right now, then the more you see it, the less you are going to panic and instead take advantage when the price drops.

[Lubang Bawah]

As investors of course we know that the risk of bitcoin can be dumped at any time, and the best strategy for profit is to be patient and hold, if we use spot exchanges then we can set the selling price according to our wishes and I a few days ago set a selling price of $24500 and yesterday it was fulfilled, at that time I bought at a price of $ 22k and profit of more than 10% in only 2 days, and if we want to get 10% bank interest then we have to wait 1.5 years, whereas with bitcoin only 2 days.

[Silberman]

As investors of course we know that the risk of bitcoin can be dumped at any time, and the best strategy for profit is to be patient and hold, if we use spot exchanges then we can set the selling price according to our wishes and I a few days ago set a selling price of $24500 and yesterday it was fulfilled, at that time I bought at a price of $ 22k and profit of more than 10% in only 2 days, and if we want to get 10% bank interest then we have to wait 1.5 years, whereas with bitcoin only 2 days.

And this is what makes bitcoin so attractive for many traders out there, bitcoin can give profits that in other markets could take a long time to get, for example where I live banks give very little interest so it would not take 1.5 years to reach a 10% gain but several years, and when we take into account the inflation rate which is many times higher than that then we can clearly see we earned nothing and instead we lost money, but with bitcoin you can outpace inflation as long as you are a good trader or at least you can hold your coins for a long time.

[bitterguy28]

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

since it is according to you , then why we need to tackle this here in your thread?  and also according to you then prove us you are correct .
never ask us because it seems that you already has Idea and belief of what would come to bitcoin.
___________________________________________

Bitcoin will not drop that low again , instead like what we have today and since yesterday?  bitcoin will climb 25k and up this February .

[fuguebtc]

As investors of course we know that the risk of bitcoin can be dumped at any time, and the best strategy for profit is to be patient and hold, if we use spot exchanges then we can set the selling price according to our wishes and I a few days ago set a selling price of $24500 and yesterday it was fulfilled, at that time I bought at a price of $ 22k and profit of more than 10% in only 2 days, and if we want to get 10% bank interest then we have to wait 1.5 years, whereas with bitcoin only 2 days.

And this is what makes bitcoin so attractive for many traders out there, bitcoin can give profits that in other markets could take a long time to get, for example where I live banks give very little interest so it would not take 1.5 years to reach a 10% gain but several years, and when we take into account the inflation rate which is many times higher than that then we can clearly see we earned nothing and instead we lost money, but with bitcoin you can outpace inflation as long as you are a good trader or at least you can hold your coins for a long time.

You can't compare bank savings with investments, that's a lame comparison. Bitcoin is not the only investment that pays off, stocks can also give you bigger returns than a savings account in the bank. I agree that bitcoin is the best return on investment but also the riskiest one right now. And speaking of inflation with bitcoin, it has yet to act as a hedge against inflation in 2022. Its value has fallen by more than 80% and decreases every time inflation increases.

[Tony116]

I don't think, Bitcoin price will decrease back to $17,000 because the price of Bitcoin has increased to $23,547 few days ago to prepared the mind of long term investors and short term investors that bearish season is about to leave for bullish season to take over the market. If you are still waiting for the price of Bitcoin to decrease below $19,000 or $18,000 before you can buy and hold, I think you are wasting your time because the price of Bitcoin is still $23,000 for any investors to buy and wait for the price to increase higher before they can sell to make a good profits.

We're still not out of the bear market, so there's no guarantee that won't happen. But if we wait for that to happen to buy in, that's a bad idea. For me, bitcoin falls back or continues to rise, I don't care much because I will only sell bitcoin in the next bull season. If bitcoin drops back, I will try to collect more bitcoins with good prices, but if bitcoin goes up to 25k-30k, I will also buy when I have money. As long as I can buy bitcoins for less than my sell target, I'll buy them.

Some people think that we are already in bullish season while the fact is the price recovery happen is so little compare on its past ATH so maybe best if they lower down their expectation and be aware on the risk for taking risky decisions since we might see the price to dump. Although we break the recent $25k yesterday but it doesn't guarantee anything but if what figures you said the $30k will be reached maybe this could change the pace and we can call it bullish condition since for sure hype will build up towards this price reached.

But what will guarantee that when bitcoin hits $30k, it will be a bullish sign? For me, even if bitcoin hits $40k this year, I wouldn't call it a sign of the bull season. I still believe in history, history will repeat itself, and the bull market will only come after the halving, not a surprise. With the current uptrend, bitcoin reaching $30k or more is possible, but I believe that when bitcoin hits that level, it will still fall back after that. I am still looking forward to this rally, bitcoin will hit $37k before a sharp correction again.

[pantek talacuik]

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

since it is according to you , then why we need to tackle this here in your thread?  and also according to you then prove us you are correct .
never ask us because it seems that you already has Idea and belief of what would come to bitcoin.
___________________________________________

Bitcoin will not drop that low again , instead like what we have today and since yesterday?  bitcoin will climb 25k and up this February .

This could be a question that already has its own answer and will never be rolled back with all the answers in this thread. This only looks at everyone's ideas from the questions that are given to all of us. So Bitcoin isn't going to be that easy it's going to turn out really bad going forward. a lot has yet to happen for Bitcoin to decline.

[AbuBhakar]

Yes, although Fuds are spreading in the market, but bitcoin still hit $25k today. Shows that a bitcoin drop below $20k is highly unlikely. I believe we have bottomed in this bear season, and those who missed out in 2022 should buy bitcoin now instead of thinking it will fall again. If bitcoin can go up to 30k this quarter, we will never see a 20k price again, those who wait for it to drop will regret it.

We can’t still guarantee the prices so as much as possible if we do have plan to hold longer better do it when we have money and wait till the price arise and have profit. I regret many decisions before in not buying as well in selling when the price of bitcoin in 2017 and 2018 were too fast in movement, that’s why I chose to do buying whenever I have money and sell some when only needed since we know that BTC is still able to reach bigger amount buying when we have budget will not be a problem.

[philipma1957]

Fed came out and said Jan was terrible for inflation. Worst month since June of 2022.

.7% which when compound would be over 9% yearly.

this simply means 50 or 75 basis points next adjustment.

That is:

 March 15/16
 May    03/04 is the one after that



jan cpi  was bad
feb cpu seems to be just as bad.


I am thinking a 50 point adjustment is coming


All these will be hurtful to BTC

[savetheFORUM]

As investors of course we know that the risk of bitcoin can be dumped at any time, and the best strategy for profit is to be patient and hold, if we use spot exchanges then we can set the selling price according to our wishes and I a few days ago set a selling price of $24500 and yesterday it was fulfilled, at that time I bought at a price of $ 22k and profit of more than 10% in only 2 days, and if we want to get 10% bank interest then we have to wait 1.5 years, whereas with bitcoin only 2 days.

Well, that's pretty good timing I must say. Lucky you. It's really difficult to time the market correctly especially when it's more stable than it's actual moving nature. Those who time it correctly even in those times deserve some appreciation. 10% is not less, assuming if the value is more than let's say, $10k.

Also as you mentioned this yourself, a good way to profit from Bitcoin and cryprocurrencies is also by buying low and selling high, exactly how you did it with your trade. Personally, I find this method less worrisome than just holding all the assets forever. I would keep some for long term and use the remaining to trade crypto like that.

[bettercrypto]

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

No one can say if the value of bitcoin will fall again to 17k$, and so no one can say because it is volatile and the majority of the community here in this industry already knows this.

      But with what's happening right now with the value of bitcoin, I think it's unlikely to happen, because I think we're probably in a bullish season, because you look at the value hovering at 24k$--25k$ each, that's where the resistance price is playing its for now.

[Mate2237]

As investors of course we know that the risk of bitcoin can be dumped at any time, and the best strategy for profit is to be patient and hold, if we use spot exchanges then we can set the selling price according to our wishes and I a few days ago set a selling price of $24500 and yesterday it was fulfilled, at that time I bought at a price of $ 22k and profit of more than 10% in only 2 days, and if we want to get 10% bank interest then we have to wait 1.5 years, whereas with bitcoin only 2 days.

The booming is always uninvitable, investors are to monitor the up and down of the market to make their profit. As a bitcoiners hodling is our slogan or our bitcoin Anthem. Anyone that is not patient can not make profit from bitcoin , because the long enduring process can frustrate person if you are not good in patient enough.

Lubang Bawah I like your market survey and the profit made from the setting goal. That is a good calculative trader. I know that you also bear the risk to get that 10% profit. You planned well but this can't go for every trader for now because right now the market is not stable. The market now is under probability to make profit or to lose so it is only a courageous trader faces the risk right now.

[Oshosondy]

No one can say if the value of bitcoin will fall again to 17k$, and so no one can say because it is volatile and the majority of the community here in this industry already knows this.

      But with what's happening right now with the value of bitcoin, I think it's unlikely to happen, because I think we're probably in a bullish season, because you look at the value hovering at 24k$--25k$ each, that's where the resistance price is playing its for now.

What tells you that bitcoin can not fall to $17000 again? What I analysed and that I think is that if bitcoin will fall again, that $17000 would be the resistant price. It is possible that bitcoin price may even increase to $40000 and get back to $20000 again. In 2019 when bitcoin increased in 2018 bad time of $3100 to $13000 in 2019, you can not believe that it would falled back to $3800 in 2020, but it falled back to that very low price.