suzanne5223
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February 24, 2023, 09:45:32 PM |
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All of these possibilities exist. Some of them are very high and maybe due to some whales and trading companies dumping their coins to reduce the price. For me, correction is normal. For BTC, I'm sure it will rebound, the name of the market is that the price will definitely go up and down. You will get know when you trade with a good knowledge .
Because the market is bullish lately doesn't mean the bear is over and for the record, the 4years cycle calculation is yet to be complete but its momentum seems to have changed due to the same market traffic that leads to the current bearish market. Therefore, the reason for this current dump in price is not the role of the whale but the role of negative news and the market level of demand and supply.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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Oceat
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February 24, 2023, 10:33:10 PM |
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All of these possibilities exist. Some of them are very high and maybe due to some whales and trading companies dumping their coins to reduce the price. For me, correction is normal. For BTC, I'm sure it will rebound, the name of the market is that the price will definitely go up and down. You will get know when you trade with a good knowledge .
Yep, that's right. It seems like OP is in panic mode but the price isn't that too low to consider it to go back at $17k since the support is kinda strong in the past few days. It's just normal to see the price go down a little bit since this is where the traders make money by restocking after selling. We don't just expect Bitcoin to continue to rise unless if this is the bull run/hype but that has a negative effect on the market since the fastest it goes up the faster it will go down.
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Baofeng
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February 24, 2023, 10:52:25 PM |
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Ok we have seen the price going below $23k now and maybe the reason is
a, higher than expected U.S. inflation data b, FED interest rate hike
So again, with this kind of negative news, our bullish momentum had stop for now, selling pressures are there, while there are not buyers in the market.
But I think we will bounce back next Month, perhaps in the next 1-2 weeks of March there could be some relieve recover to and maybe we can touch $25k by that time.
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Unbunplease
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February 24, 2023, 11:13:30 PM |
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Now the market is evaluating three possible rate hikes of 0.25% each time - that's why, in my opinion, the bitcoin price is falling. If the FEd stops early, it will be taken as positive as possible by the markets.
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pixie85
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February 25, 2023, 11:25:53 AM |
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It's not dump maybe we could call it market correction looking from the last ATH is still on buying position. Presently now is at +23k so I don't think we may see 17k this month again maybe from next month but which I can't say with any assurance concerning the price. It's very hard to detect what may come of next in the entire cryptocurrency market.
Calm down, bitcoin is not doing anything strange or unexpected. A large part of every bitcoin move is stock traders rushing in by looking at the FED predictions, CPI and all other global factors. They bought some because the FED was looking to slow down their rate hikes and now Biden came to Ukraine and promised help and Putin threatened with their continuation of nuclear tests, so the war is going to continue, nobody is looking to stop. That's bad for the markets because war means inflation. US stocks were falling for the last 2 days and bitcoin is reacting to this. I haven't said anything wrong but if you read very carefully you would understand what I meant, just take a good look at the market today you will understand that the market is not stable in anyway, I don't expect the market to go more dipper looking from the previous ATH you will know is pretty cool time for one to venture into it. Please carefully read my comments. What's there to look at right now? Are you saying that a move from 23 to 22 000 is something important to look at? 5% moves are nothing for bitcoin one day its 10% up another day 5% down. You're right, there's nothing wrong with making predictions. I told you to calm down because I saw you mention 17000, which I think is such a low number that talking about it after a breakout above 20k is far fetched. When I see people who say that it can be 17000 next month I feel like they're panicking. So you expect we could go to 17 but not lower than the established bottom of 15? IMO that's still a bearish prediction and I'm bullish.
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KingsDen
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February 25, 2023, 03:01:35 PM |
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Bitcoin is dumping because whatever goes up must come down. You don't expect bitcoin to keep going in same upward direction without correction. What you need to do is either you are a short term holder, then study your chart and know when to sell and rebuy. If that would be so difficult for you, simply become a long term holder and forget about the changing prices and be assured of your results on the long run. Bitcoin is cyclical and there's nothing we can do to change its nature. Bitcoin price fluctuations are forever unavoidable making it possible for traders to gain and lose in the short and long term. Avoiding short-term fluctuations may be better by holding bitcoin longer, but still many traders will consider short-term trading because they are able to master a good trading strategy. As long as they can afford it and make profit, they can trade for the time frame as they want. And those who mastergood trading strategies tend to focus more on altcoins. This is because altcoins make more movement than the bitcoin within a certain time. Bitcoiners because of this reason are some percentage bitcoiners and some percentage altcoiners. But I personally hold because I have difficulty in mastering the the chart moves and the changing strategies.
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Pesona1
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February 25, 2023, 04:47:57 PM |
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And those who mastergood trading strategies tend to focus more on altcoins. This is because altcoins make more movement than the bitcoin within a certain time. Bitcoiners because of this reason are some percentage bitcoiners and some percentage altcoiners. But I personally hold because I have difficulty in mastering the the chart moves and the changing strategies.
Apart from focusing on greater profits on altcoins, quick profits are also relatively easier for traders to get when investing or trading in altcoins, so far we know that bitcoin is a long term investment and that is why many traders prefer altcoins as short term investments because faster money circulation so far, I personally also do the same thing by dividing the portfolio that I have 50% for bitcoin (long-term investment) and another 50% using the funds I have to trade in altcoins such as BNB, XLM, Matic and several other altcoins that do have quite active movements in the market.
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Franctoshi
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February 25, 2023, 11:05:48 PM |
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The law of demand and supply is what that drives the market and the market does not move in one direction , There are times of pull backs, whether it's in an Uptrend or in a dowards trend before it finally gets to it's destination point. Bitcoin is facing a strong supply /resistance zone at $25k which it needs to build up more momentum to be able to break through this level.
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Dickiy
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February 26, 2023, 12:01:13 AM |
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Ok we have seen the price going below $23k now and maybe the reason is
a, higher than expected U.S. inflation data b, FED interest rate hike
So again, with this kind of negative news, our bullish momentum had stop for now, selling pressures are there, while there are not buyers in the market.
But I think we will bounce back next Month, perhaps in the next 1-2 weeks of March there could be some relieve recover to and maybe we can touch $25k by that time.
The increase in interest rates will be a fear for investors so they will withdraw their money from the market and it looks like the FED will raise a few more basis points to control inflation. I think that's been the trigger for the market to go down lately. Also apart from that the IMF called a lot about cryptocurrency regulation they said that crypto is not proper as a legal currency and many other FUDs are making a downturn in the market. Maybe yes or not in mid-March it will return to the bitcoin price growth phase or maybe if FUD continues to circulate and interest from FED hasn't fallen I think it will end until Q1 ends. IMF
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cozytrade
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February 26, 2023, 04:31:10 AM |
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All of these possibilities exist. Some of them are very high and maybe due to some whales and trading companies dumping their coins to reduce the price. For me, correction is normal. For BTC, I'm sure it will rebound, the name of the market is that the price will definitely go up and down. You will get know when you trade with a good knowledge .
Yep, that's right. It seems like OP is in panic mode but the price isn't that too low to consider it to go back at $17k since the support is kinda strong in the past few days. It's just normal to see the price go down a little bit since this is where the traders make money by restocking after selling. We don't just expect Bitcoin to continue to rise unless if this is the bull run/hype but that has a negative effect on the market since the fastest it goes up the faster it will go down. The price of Bitcoin has increased for a few days but it has returned to dumping. There is no reason to worry because the price of Bitcoin has decreased. It is normal for the price to increase and decrease. If any investor sees that the price of Bitcoin has decreased a lot after investing. There is no reason to worry. If you invest when the price of bitcoin is in the middle of dumping, you will get more profit.
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Velemir Sava
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February 26, 2023, 05:13:25 AM Merited by fillippone (2) |
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From the above facts and arguments, I think everyone understands that we cannot always rely on a bullish trend in the bitcoin price, but we should expect a correction in the bitcoin price from time to time. Because without a correction it will also be a problem for the entire market.
There is no way to predict the price of bitcoin with exact numbers but we can estimate it by knowing or predicting price movements beforehand. The upward trend in BTC prices was halted in a dump phase which may be beneficial for long term investments, as this phase will benefit the few who are not here to use it.
BTC as the main source of income those who invest but those who see the potential of BTC in the future and see that it has real potential in the coming years and my filing says such people will definitely buy BTC at lower prices and earn more profit from it.
A trader is better off waiting for positive signs than investing in an unsafe coin.
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Hamphser
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March 01, 2023, 11:57:07 PM |
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All of these possibilities exist. Some of them are very high and maybe due to some whales and trading companies dumping their coins to reduce the price. For me, correction is normal. For BTC, I'm sure it will rebound, the name of the market is that the price will definitely go up and down. You will get know when you trade with a good knowledge .
Yep, that's right. It seems like OP is in panic mode but the price isn't that too low to consider it to go back at $17k since the support is kinda strong in the past few days. It's just normal to see the price go down a little bit since this is where the traders make money by restocking after selling. We don't just expect Bitcoin to continue to rise unless if this is the bull run/hype but that has a negative effect on the market since the fastest it goes up the faster it will go down. The price of Bitcoin has increased for a few days but it has returned to dumping. There is no reason to worry because the price of Bitcoin has decreased. It is normal for the price to increase and decrease. If any investor sees that the price of Bitcoin has decreased a lot after investing. There is no reason to worry. If you invest when the price of bitcoin is in the middle of dumping, you will get more profit. PUmps and dumps? Are people still get surprised and shocked until this time? If you are just new then its understandable but if you are already been spending some few years on this market then you shouldnt really be scared about these movements as if these things turns out to be that in default or something that is really normal. This is where people do make out money out of these movements because if it wasnt moving then for sure people would be losing out their interest into it and would transfer out on something that is volatile.This is why its really that good to have this movement because this is where you do make money. Dont be scared because this is one of the risk that you would face up on the time you do decide to deal up with this market.
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wmaurik
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March 02, 2023, 09:41:42 PM |
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The price of Bitcoin has increased for a few days but it has returned to dumping. There is no reason to worry because the price of Bitcoin has decreased. It is normal for the price to increase and decrease. If any investor sees that the price of Bitcoin has decreased a lot after investing. There is no reason to worry. If you invest when the price of bitcoin is in the middle of dumping, you will get more profit.
I will not call it a disposal because a small correction that is always in Bitcoin in the market is a condition that is very common in Bitcoin. So I will not say that as a disposal because the increase also often occurs in Bitcoin as an effort to recover prices in each month, and currently Bitcoin is back below $ 24k with a large level of demand and supply so that the price increase is still very possible to continue to continue Continue again in Bitcoin.
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btc_angela
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March 03, 2023, 04:07:34 PM |
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The price of Bitcoin has increased for a few days but it has returned to dumping. There is no reason to worry because the price of Bitcoin has decreased. It is normal for the price to increase and decrease. If any investor sees that the price of Bitcoin has decreased a lot after investing. There is no reason to worry. If you invest when the price of bitcoin is in the middle of dumping, you will get more profit.
I will not call it a disposal because a small correction that is always in Bitcoin in the market is a condition that is very common in Bitcoin. So I will not say that as a disposal because the increase also often occurs in Bitcoin as an effort to recover prices in each month, and currently Bitcoin is back below $ 24k with a large level of demand and supply so that the price increase is still very possible to continue to continue Continue again in Bitcoin. It's because there are some news about some company, Silvergate as it is on the brink of bankruptcy. And since this company provides banking services to crypto businesses, it somewhat trickle to us bitcoin, hence the price again slide to $22k. Although the bleeding has stop already and at least the price not going sub $20k. But still though we are almost breaking the $25k barrier again and hopefully this month we can do it and maybe looking for $28k as the new price resistance.
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kamvreto
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MAaaN...!! CUT THAT STUPID SHIT
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March 03, 2023, 04:48:39 PM |
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The price of Bitcoin has increased for a few days but it has returned to dumping. There is no reason to worry because the price of Bitcoin has decreased. It is normal for the price to increase and decrease. If any investor sees that the price of Bitcoin has decreased a lot after investing. There is no reason to worry. If you invest when the price of bitcoin is in the middle of dumping, you will get more profit.
I will not call it a disposal because a small correction that is always in Bitcoin in the market is a condition that is very common in Bitcoin. So I will not say that as a disposal because the increase also often occurs in Bitcoin as an effort to recover prices in each month, and currently Bitcoin is back below $ 24k with a large level of demand and supply so that the price increase is still very possible to continue to continue Continue again in Bitcoin. It's because there are some news about some company, Silvergate as it is on the brink of bankruptcy. And since this company provides banking services to crypto businesses, it somewhat trickle to us bitcoin, hence the price again slide to $22k. Although the bleeding has stop already and at least the price not going sub $20k. But still though we are almost breaking the $25k barrier again and hopefully this month we can do it and maybe looking for $28k as the new price resistance. The market crash was sudden and quite a shock, but it still managed to hold it above $21k, but if that continues it will certainly be able to break the price resistance at $20k. Rumors about Silvergate are indeed one of the triggers why bitcoin can suddenly drop. Silvergate is late in providing its annual financial report and this is certainly an indication that there is an internal problem. this incident was detrimental to many futures traders because many traders' assets were liquidated very quickly. Even centralized exchanges like Coinbase through their official twitter account announced to stop deposits and withdrawals to and from Silvergate. because that would be bad for their market. if not terminated.
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Sorryfor
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March 04, 2023, 03:07:03 PM |
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I think the Bitcoin market always moves up and down. However, it is very difficult to say what is causing Bitcoin to be currently dumping. I believe that if the Bitcoin market is pumping for a few days and then dumping again, this is the religion of the cryptocurrency market. But in case of Bitcoin if one invests then there is no possibility of losing money. So there is nothing to be disappointed by investing in Bitcoin. The market will always be on the upswing and at some point there will be a huge increase.
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thecodebear
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March 04, 2023, 04:47:13 PM |
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Hopefully Silvergate is the last victim of the LUNA/Celsuis/FTX collapses that spread around since all these companies were too linked together holding each other's funds.
The market still has to deal with Fed interest rate raises continuing for a bit longer and negative and overbearing SEC regulation on crypto looking likely to ramp up. We don't need any more crypto company collapses to add to the headwinds.
Hopefully within a week the Silvergate crash is in the rearview window and Bitcoin is heading back up toward $25k resistance.
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STT
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March 04, 2023, 10:25:18 PM Last edit: March 04, 2023, 10:46:21 PM by STT |
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Profit taking is the simple reason and other reasons also perhaps but mostly selling an asset speculatively is main motivation to cycle through selling an asset now and buying it later. The more people need to hold the BTC because its useful and widely distributed in its use the less we are bound by market and more by usage. Price recovering only a small bit as we rise enough to meet the 2 day average at 22.4k
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Oilacris
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March 04, 2023, 10:57:35 PM |
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Profit taking is the simple reason and other reasons also perhaps but mostly selling an asset speculatively is main motivation to cycle through selling an asset now and buying it later. The more people need to hold the BTC because its useful and widely distributed in its use the less we are bound by market and more by usage. Price recovering only a small bit as we rise enough to meet the 2 day average at 22.4k
There's always a target price and we do know that not all traders or investors would really be planning or tending to hold for long term on which means that there are ones who would really be deciding on when they would really be taking up profits on a certain price or level which means if ever the price do tend to go up then there's always that selling point which means those resistances above. Price cant really just shoot up on what those newbies do really mind or thinking off with. Dumping and Pumping, these things are always the most common scenario that someone could face on.This is why its better that you should really get used to it.
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AmoreJaz
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March 04, 2023, 11:03:13 PM |
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Profit taking is the simple reason and other reasons also perhaps but mostly selling an asset speculatively is main motivation to cycle through selling an asset now and buying it later. The more people need to hold the BTC because its useful and widely distributed in its use the less we are bound by market and more by usage. Price recovering only a small bit as we rise enough to meet the 2 day average at 22.4k
There's always a target price and we do know that not all traders or investors would really be planning or tending to hold for long term on which means that there are ones who would really be deciding on when they would really be taking up profits on a certain price or level which means if ever the price do tend to go up then there's always that selling point which means those resistances above. Price cant really just shoot up on what those newbies do really mind or thinking off with. Dumping and Pumping, these things are always the most common scenario that someone could face on.This is why its better that you should really get used to it. the volatility factor is the major reason why this market is very attractive to traders. the roller coaster ride is where they are getting their profits. however, it is not for all as you should also know when to sell off your satoshis. though it is when it is above your buying price but there are some unavoidable reasons such as selling because you have urgent financial needs or owed to your own panic.
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