Dump market potential?

[lixer]

I again find that there is no strong correlation between Bitcoin price and global events. Bitcoin price is a function of many factors, including supply and demand, market sentiment, and technical factors. Global events can influence these factors, but they typically do not have a direct impact on Bitcoin price.

The proof is when the COVID-19 pandemic led to a global economic recession. There have been a lot of people worried about the future, causing them to withdraw from crypto assets. But even so, many people still consider Bitcoin to be a safe haven asset, and there are still many investors, even large investment funds, that have bought Bitcoin as a way to protect their assets. their assets from inflation. Ultimately, these factors offset each other, and Bitcoin prices remained bullish in 2020 and 2021.

It depends on the events. Some do have an effect while some don't. BTC price or simply price, has its own function. You mean to say is that, price can be affected by different factors. That's true. When it comes to impact, again it depends on the event but people shouldn't be afraid. They can just prepare for it and then do appropriate actions. Either they will sell, buy, or simply HODL.

I think COVID-19 have both positive and negative effects to the price of BTC. It's great because at least, it still made people smile despite of the hardships that they have faced. Unfortunately, other crises have occurred after but again, fortunately, same effects and feelings are still experienced.

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[Popkon6]

There are some confusion that might make me a little doubtful about the development of Bitcoin prices and adoption in 2024, which we all know that we will face Halving Bitcoin as well as the ETF agreement which is the most powerful indicator in encouraging Bitcoin prices, so that many people are speculating and accused The nominal is quite fantastic in Bitcoin in the last 2 years of the current cycle.

There is a dilemma that disturbs my mind, about the wider potential of war in the region of Palestine, we witness the reactions of various countries at the end of this week in the area, and show the great power of the eastern and western blocs, which we know that America and Friends said firmly that they became a strong supporter of Israel's annexation to the Palestinian region. Conversely Russia, North Korea and neighboring Palestinians, Turkey, Afghanistan, Iran and others support Palestinian independence and are ready to be behind Palestinian troops, which all makes conflict and political tension of the power of the world's major blocks that might trigger a big war to occur if did not find a meeting point in this conflict.

From various sequences of problems and many aspects that can be associated, I become doubtful with the price development of Bitcoin which in the event of this war is enlarged, so as usual Bitcoin will experience a price decline, even though we know it is not just bitcoin that will be a victim of this conflict happen.

I do not mean to frighten or make FUD, I just want to discuss to share thoughts, but for an bitcoin intelligent investor, how do you respond to conflicts that have probability to suppress Bitcoin prices?

The current war between two countries is Palestine and Israel, many countries are working behind these two countries. Whenever a war has taken place, the two countries face an economic crisis of economic currency. Everyone can then abuse the country's economic currency and deposit into Bitcoin, and many people then anticipate a fall in the Bitcoin price which causes many to deposit. And while the war took a toll on Bitcoin, the price of Bitcoin started to rise again. As was the case between the war in Ukraine and Russia, Bitcoin had some impact and the price dropped a bit, but then rebounded. So there is a possibility that the war between Palestine and Russia will end soon, so that peace can return between the two countries.

[GreenStox]

I think there will still be another potential dump, the market is rising very fast like this which is usually not natural, there are still several things to look forward to next year.
until we feel that the market will be in full bull condition.
For now I still doubt it.

[arabspaceship123]

The price's increased from last month but it isn't impressive enough to attract crowds. How are investors going to have confidence investing in bitcoin if they're watching the price. I can't say there's going to be a dump but there's a chance because there hasn't been one recently. If the market's lose value it's going to ache ppl if they're forced to sell.

I think there will still be another potential dump, the market is rising very fast like this which is usually not natural, there are still several things to look forward to next year.
until we feel that the market will be in full bull condition.
For now I still doubt it.

[Dave1]

The price's increased from last month but it isn't impressive enough to attract crowds. How are investors going to have confidence investing in bitcoin if they're watching the price. I can't say there's going to be a dump but there's a chance because there hasn't been one recently. If the market's lose value it's going to ache ppl if they're forced to sell.

I think there will still be another potential dump, the market is rising very fast like this which is usually not natural, there are still several things to look forward to next year.
until we feel that the market will be in full bull condition.
For now I still doubt it.

I wouldn't say that it isn't impressive, just look from the timeline, last year we are hitting lowest low. So moving forward 12 months later, we have more than 100% gains already. So that for me is impressive already.

We did see some decline but we were able to recover back again, pushing to $37,880. As for the price rising fast, sometimes when there is FOMO that really happens to the market. But we should look for the long term, it's too early to sell and make profits, we still have to look forward to the block halving.

[pinggoki]

For me to start worrying about a conflict causing a negative influence in the market, it's got to be super power nations that are directly in conflict and not just doing their proxy wars with other nations. That's when I'm going to be worried although I am not trying to be worried too much about conflicts as much as I can since there's only so much that I can do. And in the case that I worry about, I don't think bitcoin or crypto market dumps are going to be what I will be worrying about, super power nations at war is going to get us closer to the midnight of Doomsday clock.

[kingvirtus09]

There are some confusion that might make me a little doubtful about the development of Bitcoin prices and adoption in 2024, which we all know that we will face Halving Bitcoin as well as the ETF agreement which is the most powerful indicator in encouraging Bitcoin prices, so that many people are speculating and accused The nominal is quite fantastic in Bitcoin in the last 2 years of the current cycle.

There is a dilemma that disturbs my mind, about the wider potential of war in the region of Palestine, we witness the reactions of various countries at the end of this week in the area, and show the great power of the eastern and western blocs, which we know that America and Friends said firmly that they became a strong supporter of Israel's annexation to the Palestinian region. Conversely Russia, North Korea and neighboring Palestinians, Turkey, Afghanistan, Iran and others support Palestinian independence and are ready to be behind Palestinian troops, which all makes conflict and political tension of the power of the world's major blocks that might trigger a big war to occur if did not find a meeting point in this conflict.

From various sequences of problems and many aspects that can be associated, I become doubtful with the price development of Bitcoin which in the event of this war is enlarged, so as usual Bitcoin will experience a price decline, even though we know it is not just bitcoin that will be a victim of this conflict happen.

I do not mean to frighten or make FUD, I just want to discuss to share thoughts, but for an bitcoin intelligent investor, how do you respond to conflicts that have probability to suppress Bitcoin prices?

In the first place, why are you thinking like that? If you really believe in Bitcoin, you shouldn't think about such things. Then who is a sane person with a normal mind who wants war? We all don't want it; it's just that it can't be avoided, and let's expect that when the war happens, there will definitely be something that won't have a good economic impact.

But change Bitcoin in times like that, because we know that the difference between fiat and bitcoin is huge, and once you know that, I will believe even more that the fiat currency will be more affected because of the war compared to bitcoin, as far as I know.

[CageMabok]

I think there will still be another potential dump, the market is rising very fast like this which is usually not natural, there are still several things to look forward to next year.
until we feel that the market will be in full bull condition.
For now I still doubt it.

In fact, I do not doubt the current market conditions, even though there are frequent corrections like what happened today, because the increase in prices at the end of this month is quite real and not a manipulation or irregularity as you mean. I always believe more in the price increase caused by the increase in buying volume this month, especially in Bitcoin because that is what causes the increase to occur so sharply even though the price has not been able to stay in the more expensive range for too long.

[fzkto]

For me to start worrying about a conflict causing a negative influence in the market, it's got to be super power nations that are directly in conflict and not just doing their proxy wars with other nations. That's when I'm going to be worried although I am not trying to be worried too much about conflicts as much as I can since there's only so much that I can do. And in the case that I worry about, I don't think bitcoin or crypto market dumps are going to be what I will be worrying about, super power nations at war is going to get us closer to the midnight of Doomsday clock.

Maybe it's not about conflicts or wars between countries. For example, there is a lot of confusion going on with the Binance exchange. If something bad happens, it will have a negative impact on the whole market. Remember what happened after the FTX collapse.

[ajiz138]

In fact, I do not doubt the current market conditions, even though there are frequent corrections like what happened today, because the increase in prices at the end of this month is quite real and not a manipulation or irregularity as you mean. I always believe more in the price increase caused by the increase in buying volume this month, especially in Bitcoin because that is what causes the increase to occur so sharply even though the price has not been able to stay in the more expensive range for too long.

It could be that with the correction this month there will be many other considerations where we will enter the holiday season and a lot of money to use so that the volume is a little low but that does not mean bitcoin will experience a decline only slightly and momentarily but certainly after December ends it might see bitcoin move again.

It can also be caused by other factors where negative news always pops up in the middle of our tension in this case we have to respond normally and should not overdo it there are many who say this is partly manipulation then let it go because we will wait for how bitcoin will move a little more towards halving even though it is not actually going to be bullish.

[kawetsriyanto]

In fact, I do not doubt the current market conditions, even though there are frequent corrections like what happened today, because the increase in prices at the end of this month is quite real and not a manipulation or irregularity as you mean. I always believe more in the price increase caused by the increase in buying volume this month, especially in Bitcoin because that is what causes the increase to occur so sharply even though the price has not been able to stay in the more expensive range for too long.

The market correction and sideways are something normal, we don't need to feel worried about them. We must think positively because we can see that Bitcoin price tries to increase gradually, it have passed $38k recently and the price survived above $37k. I think it is something positive for the progress of Bitcoin price. Although we still have some correction and sideway period, it is common things happening after a higher price has been achieved.

Well, we can assume that there will be more volume, people try to buy more Bitcoin before the price is going to be higher and higher because we are getting closer to the halving time. In the last month of this year, the buying volume probably increases significantly because it looks like the last chance to buy Bitcoin before it skyrockets. 

[cryptomaniac_xxx]

For me to start worrying about a conflict causing a negative influence in the market, it's got to be super power nations that are directly in conflict and not just doing their proxy wars with other nations. That's when I'm going to be worried although I am not trying to be worried too much about conflicts as much as I can since there's only so much that I can do. And in the case that I worry about, I don't think bitcoin or crypto market dumps are going to be what I will be worrying about, super power nations at war is going to get us closer to the midnight of Doomsday clock.

Maybe it's not about conflicts or wars between countries. For example, there is a lot of confusion going on with the Binance exchange. If something bad happens, it will have a negative impact on the whole market. Remember what happened after the FTX collapse.

It's a total different story about the FTX collapse and what we heard about Binance. It was all about CZ stepping down and them paying billions in restitution to regulators. But we haven't seen any big effect in the market similar to the FTX collapse.

Not even wars or conflict in the Middle East and Russia deter the bitcoin ecosystem. So it means we are not being affected by such events. And only the direct impact to the market is us, if we chooses to believed in those kind of negatives news and we panic and we push the sell button. But hopefully there will be none of that, as the price is steady at the $37k at the end of November.

[arabspaceship123]

We've seen lows last year so it's only direction was to go north. What I mean they aren't impressive enough numbers to attract bigger investments. Bitcoin isn't stable so the price's making market investors worried because if ppl made 100% gains from last year we shouldn't forget ppl invested $60k a couple of years ago they haven't earned it back.

I wouldn't say that it isn't impressive, just look from the timeline, last year we are hitting lowest low. So moving forward 12 months later, we have more than 100% gains already. So that for me is impressive already.

We did see some decline but we were able to recover back again, pushing to $37,880. As for the price rising fast, sometimes when there is FOMO that really happens to the market. But we should look for the long term, it's too early to sell and make profits, we still have to look forward to the block halving.

[beerlover]

It's a total different story about the FTX collapse and what we heard about Binance. It was all about CZ stepping down and them paying billions in restitution to regulators. But we haven't seen any big effect in the market similar to the FTX collapse.

Not even wars or conflict in the Middle East and Russia deter the bitcoin ecosystem. So it means we are not being affected by such events. And only the direct impact to the market is us, if we chooses to believed in those kind of negatives news and we panic and we push the sell button. But hopefully there will be none of that, as the price is steady at the $37k at the end of November.

I think people are afraid because we are talking about the fine, not because CZ stepped down. I mean CZ could have stayed and with that type of fine Binance would still be something scary for them, it has to be because we are talking about something that has to be a bit different.

I think it needs to be a bit different and we need to end up seeing somethign that has to change on the long run. I may not end up with the most amount of profit in the world, but at least I know that Binance will stay fine and BNB will recover and be higher, not because CZ or anything, but because I know they will pay the fine and move on and make that money back. However, some people are afraid of that, they fear paying the fine may make them vulnerable.

[Fatunad]

It's a total different story about the FTX collapse and what we heard about Binance. It was all about CZ stepping down and them paying billions in restitution to regulators. But we haven't seen any big effect in the market similar to the FTX collapse.

Not even wars or conflict in the Middle East and Russia deter the bitcoin ecosystem. So it means we are not being affected by such events. And only the direct impact to the market is us, if we chooses to believed in those kind of negatives news and we panic and we push the sell button. But hopefully there will be none of that, as the price is steady at the $37k at the end of November.

I think people are afraid because we are talking about the fine, not because CZ stepped down. I mean CZ could have stayed and with that type of fine Binance would still be something scary for them, it has to be because we are talking about something that has to be a bit different.

I think it needs to be a bit different and we need to end up seeing somethign that has to change on the long run. I may not end up with the most amount of profit in the world, but at least I know that Binance will stay fine and BNB will recover and be higher, not because CZ or anything, but because I know they will pay the fine and move on and make that money back. However, some people are afraid of that, they fear paying the fine may make them vulnerable.

I could say that CZ is a smart person on which the reason on why the market didnt dropped down too much because of what happened recently? just because he had prepared for that.
On the time that US did make those kind of actions then he had already made a plan on appointing a new CEO which it didnt really give out that much impact on overall
but now the price did shoot up even more. This is why not all news would really be making that guaranteed dump specially if it was a negative news. This is why its never been that predictable in the first place.
Feel sorry for those who had made out some sell out there on the time this news booms out but the dip wasnt actually a dip.

You should really always put up into our minds that dip or dumps could really happen into this market and not really necessarily that it would really be accompanied
with some news because the price could move up randomly or with or without news.So better be watchful and careful.

[arabspaceship123]

Dips or dumps shouldn't affect long term investors but FOMO's the biggest issue ppl face in the forum. If you're going to hodl it doesn't guarantee you profits. How do ppl feel who've made their buying at $60k it's been years they haven't made profits. Bitcoin hasn't been near ATH so ppl made losses if they didn't hodl.

If ppl avoid FOMO they'll have good feelings before investing. There isn't guaranteed way to make profit they've got to remember it.

You should really always put up into our minds that dip or dumps could really happen into this market and not really necessarily that it would really be accompanied
with some news because the price could move up randomly or with or without news.So better be watchful and careful.

[Minecache]

It's a total different story about the FTX collapse and what we heard about Binance. It was all about CZ stepping down and them paying billions in restitution to regulators. But we haven't seen any big effect in the market similar to the FTX collapse.

Not even wars or conflict in the Middle East and Russia deter the bitcoin ecosystem. So it means we are not being affected by such events. And only the direct impact to the market is us, if we chooses to believed in those kind of negatives news and we panic and we push the sell button. But hopefully there will be none of that, as the price is steady at the $37k at the end of November.

I think people are afraid because we are talking about the fine, not because CZ stepped down. I mean CZ could have stayed and with that type of fine Binance would still be something scary for them, it has to be because we are talking about something that has to be a bit different.

I think it needs to be a bit different and we need to end up seeing somethign that has to change on the long run. I may not end up with the most amount of profit in the world, but at least I know that Binance will stay fine and BNB will recover and be higher, not because CZ or anything, but because I know they will pay the fine and move on and make that money back. However, some people are afraid of that, they fear paying the fine may make them vulnerable.

I could say that CZ is a smart person on which the reason on why the market didnt dropped down too much because of what happened recently? just because he had prepared for that.
On the time that US did make those kind of actions then he had already made a plan on appointing a new CEO which it didnt really give out that much impact on overall
but now the price did shoot up even more. This is why not all news would really be making that guaranteed dump specially if it was a negative news. This is why its never been that predictable in the first place.
Feel sorry for those who had made out some sell out there on the time this news booms out but the dip wasnt actually a dip.

You should really always put up into our minds that dip or dumps could really happen into this market and not really necessarily that it would really be accompanied
with some news because the price could move up randomly or with or without news.So better be watchful and careful.

I'm not sure if he anticipated everything, but one thing I see is that he was very modest in this to avoid causing heavy damage to Binance and BNB, not to the market. Because if they resolutely oppose, the US will certainly find every way to destroy Binance and the BNB ecosystem. He is thinking about the future of the products he creates rather than himself.

Furthermore, I don't see this as negative news that will affect the market but why are many people afraid of this? His resignation is not necessarily a bad thing because he is still active and working with the BNB ecosystem. He hasn't completely left the market yet so we can't say this is negative news.

[huu78]

Based on history and world conditions, BTC should still go down.
I'm not really sure what made this market rise and last for the past 2 months,
plus bitcoin etf and eth are still pending.
whether if approved the market will rise even higher, whether we should get rid of our current worries.

[arabspaceship123]

There's ppl who don't want to put their life savings on crypto but FOMO could've caused the recent rise. I'll be happy if it has ATH soon but I'm not expecting it. Even if price rises ETF approval's doesn't help occasional investors who don't want to invest in schemes they don't understand. If they get involved bitcoin's going to go higher.

Based on history and world conditions, BTC should still go down.
I'm not really sure what made this market rise and last for the past 2 months,
plus bitcoin etf and eth are still pending.
whether if approved the market will rise even higher, whether we should get rid of our current worries.

[CageMabok]

It could be that with the correction this month there will be many other considerations where we will enter the holiday season and a lot of money to use so that the volume is a little low but that does not mean bitcoin will experience a decline only slightly and momentarily but certainly after December ends it might see bitcoin move again.

I see that currently the price chart movement in Bitcoin is starting to go sideways and evenly, or in other words, it is starting to look more stable even though it is still very close to $39K. I never worry about price drops or holidays at the end of the year, because there are many people who are quite ready to buy Bitcoin when the drop occurs at the end of this year so even if it happens this month, I think it will only be for a short time and It won't be too long because there are many people who are quite enthusiastic about welcoming the halving next year.

It can also be caused by other factors where negative news always pops up in the middle of our tension in this case we have to respond normally and should not overdo it there are many who say this is partly manipulation then let it go because we will wait for how bitcoin will move a little more towards halving even though it is not actually going to be bullish.

Bullishness will be quite possible if the price correction is always small and not much, because almost everyone is expecting a much bigger increase in Bitcoin and we don't need to be influenced by negative news which is not necessarily true because it could be that the news maker also wants to buy Bitcoin at low prices, so they try to create chaos through the news so that everyone panics and tries to release the Bitcoins that many people already own.