This year is dumping ground for bitcoin

[CryptSafe]

I doubt if truly they could unveil Satoshi Nakamoto true identity not to talk of arresting him. You should  be aware that Satoshi has long built bitcoin void of his control and decisions. Bitcoin belongs to the people, the people have say over it and not the government.

As for the price decline, I see it as an opportunity to buy more and hold because it is the right time to do so and mind you the year is not over yet for your assumptions to be true. It is still remaining more six months to go so anything can happen. Do not be in a haste to conclude or make pronouncement on what you know nothing about.

[TheUltraElite]

I don't understand people. When things get cheaper, usually people buy more of it. But if Bitcoin's price fall, we should do opposite and stop buying it?
If you cannot see the dip, nobody can help. Let fear and greed be your friend and not your enemy.

It's because people have a lack in faith in Bitcoin enhanced by the cyberpunk nature to it and it's use. Not to mention the number of scams that happened with bitcoin as the mode of transaction,. Thus the habit of holding bitcoin while it drops and buying it when it's performing poorly is lacking among many newbies and financial advisors.

Hence let bitcoin dump, but learn how it works and clear your doubts on Bitcoin as much and not worry about its price.

[DooMAD]

People worry about some funny things, heh.  You'll find it gets easier if you start to look at Bitcoin in ways beyond what amount of your national currency you can obtain by selling bitcoins.  Instead, try to focus on what it gives you:

Financial sovereignty, where you can embrace total self-determination of your money
Censorship resistance, where no one can block or reverse your transaction (unless you choose to rely on middlemen)
Freedom to transact globally, 24/7, with no Bank Holidays, national borders, or branch closures getting in the way

If you purely see it as a speculative plaything, you're arguably missing the point.

[Lida93]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now.

Maybe you can go back to the chart again compare and contrast the price around november/december 2022 and the price of bitcoin from january to march 2023 to see if there wasn't something of a tangible difference in BTC price that had occured this year. There's no dumping of any kind for as we speak there are people that accumulating, taking advantage of the low in view of the bull run at any moment.

I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling.

If anyone should choose to stay idle now, would it be when the price has skyrocketed that they should buy? For of what significant profit would it be for them waiting to buy when the bull run eventually take place to those that have already bought and HODL at the low?
There would always be a reason for a market price reaction wether high or low price, it's only left for you as an investor to make positive utility of the moment ahead of the future.

[MarjorieZimmermanGinger]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now.

Check back and maybe you missed something from the beginning of the year till now for Bitcoin, a lot of people throw it away and instead a lot of people buy it, that's how Bitcoin goes in the market all the time.

I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling.

Why we have to wait when we can use the opportunity to buy, the correction process will never disappear on Bitcoin's journey and many reasons that make him find a gradual recovery. The case that occurred to Binance made Bitcoin corrected before, but so far Bitcoin has again found recovery and today head for a greener line in the market.

Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

What jokes you are talking about and where you found that Satoshi was captured by the United States. Satoshi has no full control of Bitcoin, the price depends on how the demand and supply. Do you listen or read the news about the SEC that sued the Binance Exchange?

[yazher]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

Well, that's just how it is when the time comes to the price in the crypto market is not doing well because of volatility and most veteran traders know about this, it won't really affect them in any way shape, or form because they know that the market will recover in the future based on concrete evidence from its past history. the only thing you need is patience and perseverance when it comes to the crypto market because you often see it like that, especially at this time of the year and once again we are going to some another incredible run next year because of Bitcoin halvings that surely makes the price rise once again.

[Helena Yu]

Why people dumping their Bitcoin now if the price is still cheap? they were lose if they sell it now.

I don't believe about that, people should use this year to accumulate more Bitcoin and then sell during the bull season that might will happen on the next 2 years. However Bitcoin price right now hit $29K, you might miss the train if you not enter it now.

[Hamza2424]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

I am not sure why you are so significant about stopping the accumulation on the other hand Bitcoin addresses with > 1 BTC are booming to the ATH. According to the latest analysis and research reports the volatility in the market is at an all-time low still people are traditionally accumulating the market. I do consider that the market didn't perform according to our expectations in gaining value but still, half a year is left and I am expecting September to November a good rally in the market.

Recent developments a crackdown against the bitcoin and the overall crypto market and other economic developments across the world directly affected the market to crash or consolidate. I am still hopeful and on the way to my DCA with Signature and other sources. I have my market plan in which there is enough market crash flexibility so I will prefer to continue with my plan.

Never Stop with small Hudles keep moving on.

-Hamza

[Litzki1990]

Bitcoin's price has been regularly dumping for a while now. Periodically the price of Bitcoin was only going down but suddenly the market started to change again. Bitcoin price has reached 29 thousand dollars in one step from 26 thousand dollars. This price change of Bitcoin happened in a very short period of time. We've seen before that the market doesn't stay in place if the price of Bitcoin changes more quickly than expected. For a long time, the Bitcoin market has been very bearish, but at the moment, the price of Bitcoin has increased very quickly by 3000 dollars.

[thecodebear]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

Uhh, Bitcoin started the year at $16k. It certainly has not been dumping this year. This is a bullish year for Bitcoin. At the moment Bitcoin is up something like 73% for the year, and we're just under half way through the year. Compare that to any other asset in the world.

[Gozie51]

or have America caught Satoshi and warn him to stop this bitcoin from gaining value?

You are making a joke I think , this is funny. American government has nothing to do with satoshi or even if they do bitcoin is already out of satoshi as a decentralised cryptocurrency. Don't be surprised that the price of bitcoin have not relatively gone up like you expect as it did in 2021. The price of bitcoin have remained stable this year with a little shift here and there but don't expect that rocket flying volatility until the next halving in 2024.

[posi]

or have America caught Satoshi and warn him to stop this bitcoin from gaining value?

You are making a joke I think , this is funny. American government has nothing to do with satoshi or even if they do bitcoin is already out of satoshi as a decentralised cryptocurrency. Don't be surprised that the price of bitcoin have not relatively gone up like you expect as it did in 2021. The price of bitcoin have remained stable this year with a little shift here and there but don't expect that rocket flying volatility until the next halving in 2024.

There are a lot of theories from newbies when they see bitcoin doesn't go up or when bitcoin plummets, but this is the craziest one I've ever seen. It's annoying when they enter the market, they don't take the time to learn everything about bitcoin, and they always expect that the price will always go up so they can make a profit without having to do anything. The bitcoin market is not a get-rich-quick market and not everyone who invests in bitcoin makes a profit. I don't have any advice for these types of people, I hope they learn a lesson in the market soon so they can wake up and invest more seriously.

[Issa56]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

why did you call this year a dumping year for bitcoin? As i can see bitcoin price is still normal and i don't know what's the purpose of this thread. When bitcoin dumped to $16k last year you didn't call 2022 a dumping year, but this year bitcoin have increased from $16k to $28k+ current price, but you are calling this year a dumping year, or do you think bitcoin is going to pump back to the previous all time high over night? when bitcoin was dumping it was doing that gradually, and if bitcoin will be pumping back, then it will be going back gradually, you don't just expect miracle to happen overnight.

From the current bitcoin movement i believe everything is alright and this is another opportunity for everyone to accumulate more bitcoin, if you think satoshi have been arrested by America government and he has been asked to stop bitcoin, then don't invest in bitcoin.

[RewFrew]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

I think bear market is so far. Bull market started i believe. Today Bitcoin price increased near about 10%. What a great movement. I think there has some good news for this pump. China and Alibaba contribute for this good news. Overall i think no dump are coming in this year. Now time for bull market. So i think who are already bought bitcoin in deep they are lucky.

Last week bitcoin price was near about $25k and last 24 hours bitcoin price increased near about 10%. Now Bitcoin price is $29850. iIt is only away $150 to touch $30k. Overall i think there has no chance for dump. Bull market started i believe.

[kryptqnick]

Satoshi's identity remains unknown, and Satoshi can't control the price of Bitcoin. The price hasn't been great lately (aside from the last several days). Nobody knows how it will go from where, and whether the price will go down, remain the same or go up in the near future. But despite the increase, the price is still 56% below the All-time high, which means (assuming one believes in full recovery of the price, which is also not guaranteed) it's pretty good.
If the distance between the bull markets of the past is any indication (which it might not be, and there's too little evidence for it to be a strong argument), it's totally realistic that we'll have another bear year.

[khiholangkang]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

It was a wild thinking, to say that Satosi had been captured. I think that is impossible, even if it is true the news that will talk about it will come exploding.
Price volatility on the market is a natural thing, then indeed the drastic decline is already a schedule in the Bitcoin cycle which is called the bearish phase and we have experienced it from the previous cycles have also provided evidence that the drastic decline will always be present in the 4 year cycle Bitcoin, are you a person who can't read history?
Regarding the purchasing strategy, why someone always suggested to use the DCA strategy, because with that we can take Bitcoin slowly and can also get the lowest price if it decreases, it is much better than just silent and save money to Shitcoin, who knows that day Tomorrow Bitcoin runs more dominant and you become a late person to enter the market.

Why can you say that this year many are throwing Bitcoin or become a Bitcoin disposal site? If that's what you believe, isn't it better to implement a purchase strategy when many people throw their bitcoin? We can get more amounts because the price is cheap.

[Kelvinid]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

Some got tired of waiting for the bull season and so they decide to upload their Bitcoins. We can't push them either to hold, not anymore because people are weak and wanted instant. Soon they will regret and blame themselves while patient investors got the moment of selling their coins at the ATH. Of course, we can't expect everyone would hold and extend their patience, many will give up and quit.

Well, that is the reality of the crypto market, dumps, and pumps certainly happen due to the unpredictable mindset of the investors.
Might this year isn't really a good year for crypto but I don't also think that this year is the worst year ever.

[Razmirraz]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

Decrease and increase in the price of Bitcoin based on supply and demand that occurs in the market. When the two are unbalanced or heavy on one side Bitcoin will be corrected if more are wasting than buying, and vice versa.
bulls or bears never escape the situation that occurs in the market, it has nothing to do with catching Satoshi if he is really caught. Who can stop or control the Bitcoin network which is decentralized in nature, try to collect Bitcoins if you believe in the long term potential.

[ShowOff]

Decrease and increase in the price of Bitcoin based on supply and demand that occurs in the market. When the two are unbalanced or heavy on one side Bitcoin will be corrected if more are wasting than buying, and vice versa.

You can explain in a simpler way, it's like; Bitcoin price volatility is affected by supply and demand. The higher the demand for bitcoins, the more expensive they are, and vice versa.

Who can stop or control the Bitcoin network which is decentralized in nature, try to collect Bitcoins if you believe in the long term potential.

The bitcoin network is not controlled by anyone be it government or otherwise, but the strength of the network could become weaker if large miners cannot survive in the industry after the half of 2024 or the next half. This could have happened if the price of bitcoin did not get more expensive every halving, meaning that miners could not cover the expensive operational costs because the reward was reduced.

I don't expect it to happen overnight, but it's a possible risk to consider if you want to become a long-term holder, say in the next 10 to 20 years. If the price of bitcoin couldn't cover the operational costs of the big miners, then surely the network wouldn't be as strong as it is today.

[jeraldskie11]

What is actually happening in the market is not due to Satoshi. He has no authority over Bitcoin. To be honest, no one can dump Bitcoin when they are going to sell their assets because there's so much investors in Bitcoin, but the effects of massive selling can seriously affect all the other investors' minds; some are panicking, therefore they are also selling, resulting in a massive dump in the market. Fortunately, many people are eager to buy when the price falls so that the price does not fall drastically. They have an opportunity to purchase because the price is reduced.