Why Bitcoin Dey Come Down?

[Mate2237]

The matter tire me today. See how bitcoin just dey come down like say na run im dey run. In the morning time I see am say im been dey $26,899 and later in the afternoon, omo, $26,200 and later someone even tell me say, im dropped to $25k, nawaoo. All these whales wey dey influence bitcoin e come sell now and me now, I dey pray say make im dey rise by December to April next year.

#Majestic-milf space X sale of his bitcoin is not the real reason wey bitcoin price go up like dis and other factors also followed.

[1714962978]

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[1714962978]

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[Best-mary]

First of all, your Nigeria pidgin dey sound somehow and the thing dey make me laugh. Keep it up. You dey learn small small

Oya back to the matter on ground. Yes o, many things they happen for inside BTC matter. Starting from the adjournment of BTC ETF to Elon musk space X selling of BTC. Oh! You know see say Nasdaq dey fall too? E be like this two get one kind connection as one dey fall the other dey follow am.

But the coco of the matter be say. You dey leverage this opportunity so?

[Wiwo]

My brother the matter is no new to us again and just like many comments already said,  the Bitcoin market is influenced by several factors,  so one can not really point to one single reason to be responsible for such a drastic and sudden drop like this but for sure e no go pass whale market manipulation and it's all a game just to force weak hand into selling their bitcoin at a lost.

Just like others advised,  this is not the best time to sell your Bitcoin,  in fact, this is the best time to accumulate more Bitcoin because I am certain that,  anyone who buys Bitcoin at the current price will be in gain in the next few days because the market manipulations that forced bitcoin price to crash won't hold it down at this price for long,  since this price fall is manipulated the whale won't be able to provide liquidity to keep Bitcoin price down for too long,  so in the shortest while Bitcoin will recover,  but also there can be a possibility that the price drop further so it goes both ways.

But in the main time,  happy Bitcoin accumulation to everyone who will be buying Bitcoin at this price because this is the best Bitcoin buy period.

[Moreno233]

The Bitcoin market is does not move up straight, I also do some sideway moves for various reasons such as accumulation of orders. The market have to breath.... that is how it is designed. When the market come down like we are seeing now, it is opportunity to buy low to sell high.

[Marykeller]

For peso wey don tey for the crypto market, you go tell you sae, when the price of bitcoin fall, na the right time for peso to accumulate more bitcoin join than to the worry about the price cos em d certain sae the bitcoin price go bounce back in price within a short time. Na all about been patient in your hodling of bitcoin.

From the link wey you share fit contribute for the sudden fall of bitcoin, but does it matter though since many of the investors are hodling bitcoin for long term. Anyway as the fall don happen, maybe na the right time for us to accumulate more bitcoin join for our portfolio.

[Mate2237]

For peso wey don tey for the crypto market, you go tell you sae, when the price of bitcoin fall, na the right time for peso to accumulate more bitcoin join than to the worry about the price cos em d certain sae the bitcoin price go bounce back in price within a short time. Na all about been patient in your hodling of bitcoin.

From the link wey you share fit contribute for the sudden fall of bitcoin, but does it matter though since many of the investors are hodling bitcoin for long term. Anyway as the fall don happen, maybe na the right time for us to accumulate more bitcoin join for our portfolio.

Naso if the person e don spend a long time for bitcoin matter, im no suppose shake again. Like other persons have said, many things dey make di BTC price dey go up & down. & Weti di OP tok sef na some of di reasons but other ones sef dey. And one thing we have to know be sae, di price of bitcoin e dey unpredictable but from the things wey di big people dey do, u fit know sae bitcoin price go go up or e go come down. What I mean be say wen di big people dey sell their bitcoins di price go come down as odas has said.

Naso, na di gud time to buy bitcoin now. If anyone get money now make di person dey buy and be hodling. But di way I dey see am di price go still come down so if dem go still wait further bit e go good but let dem buy little by little dey go.

[Gozie51]

I am just Suprise how bitcoin price drops drastically like this within some hours. And I wonder why Elum sell off this huge amount of bitcoin where some people are willing to buy more, did he find anything bad about it? or just for his selfish interest since he is a supporter of altcoins?

You don't need to be surprised because that is how the market is. A btc whale may want to crash the price by creating artificial panic in the market because he wants to get more bitcoin or for whatever reason. If you sell btc at $31k and you wait to buy again at $15k that means if either have profited $16k or you will be hodling 2btc instead of the 1 btc you had. That is how the market is manipulated and there is nothing wrong with that. It is not because he was being selfish about btc, it may be for business purposes. All those supporting altcoins still have btc because they know cryptocurrency starts and ends with btc.

[Salahmu]

The price will still come down again before the end of the year and it will still go up again. So if you want to accumulate more bitcoin BTC in you portfolio this is also the best time to so.

I am just Suprise how bitcoin price drops drastically like this within some hours. And I wonder why Elum sell off this huge amount of bitcoin where some people are willing to buy more, did he find anything bad about it? or just for his selfish interest since he is a supporter of altcoins?

The fluctuations is a normal market behavior, but with the current Bitcoin price ranging, nobody can actually predict what will be the Bitcoin movement, from observation, whenever is close to Bitcoin halving the price normally range on certain level and keeps on consolidating within that area, at times we feel is going up before you no it comes down again and continues to maintain the levels and spikes up massively immediately after the halving, so for now Bitcoin price is good for people to start accumulating.

[Kelward]

OP I believe say many factors dey cause as e be like this. Unto say halving na next year,  I believe say there is uncertain about the Bitcoin price but however, there are also some people strategically manipulating the market I believe they are taking advantage of the market situations as well selling to drop the price then they buy back and hold till after the halving as usual and expected bull run does come then they start selling to take profit. This happens all the time and in a way people would not understand how it works.

This is the reason I don't listen to fud anymore because that is also a strategy by them to confuse people who are weak hands and they end up selling low and the whales buy them all at low prices and hold them to take big profit.

Di drop really panic me, unto say me na new person for bitcoin matter. I just hold small bitcoin for my wallet as I just de learn about di market speculation. From time to time e go just appreciate, di thing just de sweet me, before I know di btc just start to de deprecate for my wallet, now e de lower dan wen I get am. I even fear say make I no wake up one day see say di wallet don empty.

I agree with your explanation, Helving dey around di corner and di whales dem fit to manipulate di market by selling dem bitcoin, wey fit likely cause dis price dump, so people go panic and sell dem bitcoin, wen di price come down finish dem go come de buy am back. So di best thing wey person fit to do now na to hold im bitcoin, till bull run, wey im go sell and make profit. I also agree with members wey say now na di best time to buy bitcoin.

[CryptSafe]

OP I believe say many factors dey cause as e be like this. Unto say halving na next year,  I believe say there is uncertain about the Bitcoin price but however, there are also some people strategically manipulating the market I believe they are taking advantage of the market situations as well selling to drop the price then they buy back and hold till after the halving as usual and expected bull run does come then they start selling to take profit. This happens all the time and in a way people would not understand how it works.

This is the reason I don't listen to fud anymore because that is also a strategy by them to confuse people who are weak hands and they end up selling low and the whales buy them all at low prices and hold them to take big profit.

Di drop really panic me, unto say me na new person for bitcoin matter. I just hold small bitcoin for my wallet as I just de learn about di market speculation. From time to time e go just appreciate, di thing just de sweet me, before I know di btc just start to de deprecate for my wallet, now e de lower dan wen I get am. I even fear say make I no wake up one day see say di wallet don empty.

I agree with your explanation, Helving dey around di corner and di whales dem fit to manipulate di market by selling dem bitcoin, wey fit likely cause dis price dump, so people go panic and sell dem bitcoin, wen di price come down finish dem go come de buy am back. So di best thing wey person fit to do now na to hold im bitcoin, till bull run, wey im go sell and make profit. I also agree with members wey say now na di best time to buy bitcoin.

Actually, e don be like tradition wey be say anytime wey halving dey around the corner, price fluctuations dey strong very well because people go dey manipulate the market very much to see how people go take rush sell their Bitcoin at give away price make dem buy all then after the halving, the price go come sky rocket very high pass the initial and in some cases e dey high pass the last all time high wey Bitcoin don reach before.

Make you no fear about the up and down of the Bitcoin price I know say as Na newbie wey you be for the system, the price fluctuations go fear you because the price wey you buy the Bitcoin don diminish but as a long term holder wey you be, you no need to panic because e g ok bounce back to normal and do much better than the previous price. Na so the market be.