what would cause a 30% drop in bitcoin

[Obim34]

30% means around $30k in pricing of Bitcoin.

It is possible but I am not optimistic in looking forward seeing that price when it can be stable now at $80k.

I don't think we would go lower from there.

except you are an anti-bitcoin person or just hoping that bitcoin goes really down so you can buy the DIP, there is no need expecting bitcoin to get down to $30k when we are looking out for another ATH in the coming month.

Don't shadow your wish thoughts, i consider dropping to that extent a plus bag for every investor. We were down to $70K, not a DIP, now imagine if we begin to experience the actual crash, i know not this time on a dot because we are first waiting on a big feature from the market which will escalate the price of Bitcoin, something of a new price market with different speculations $150K, $200K, $250K +++++. The whole speculation is going to end in one exact price mark, which will be our new ATH, then will the DIP happen, $30K looks unapproachable but it will be a good descend for investors who understands the DIP and buy concept.

[el kaka22]

We keep seeing it, don't we? I mean just recently, we went from 108k to a little under 80k as far as I know, how much of a drop is that? Isn't that near 30% type of fall? Not like we had any proper reason or a big deal going on neither, it just doesn't mean that we are going to see that, it is not the same thing.

This is why the best case for us to do is just let it be, if it happens then there could be a "reason" you can point to, but it may not even be the real reason, we have seen that plenty of time. Market just goes down whenever we want it to go down, and some people look at some news, find the worst one, and point to it and say that is the reason, when in fact most of us know the price would have gone down regardless.

[GigaBit]

There may be some reasons that can trigger a huge drop to the Bitcoin's price, such as:

1. Geopolitical issue

2. Exchange hack

3. Pandemic

Those are things that can cause the big drop to the bitcoin. However, Bitcoin is kinda different. It's fundamentally stronger than before. it has a lot of institutional investors who keep it as reserve, which is adding more strength to the bitcoin. Moreover, the decision by several big countries to accept it as legal tender.

That's why even if the world gets a big crisis, bitcoin may still able to defend its price.

We saw the Corona pandemic in 2021 where Bitcoin was expected to fall significantly because there was a major disruption in business at that time. But one thing that was noticeable was that even when the financial institutions or economy were in a bad state, Bitcoin price was in a bullish movement. That is why people have more confidence in it. Moreover, people get the opportunity to protect their wealth from the effects of inflation by investing in Bitcoin. Although there is no chance of its price increasing in the short term, there is a possibility of big profits in investing here in the long term. Even if geopolitical problems and exchange hacks have a temporary effect, there is a big possibility of profit in investing in the long term.

[PX-Z]

I could only think of, it was triggered by the recent hack, then fomo started, traders got their own point of view, trade there and here,sold their holdings until price becomes more volatile and out of hand more that it hits below $80k. Price dump don't usually have one or enough reason but some can trigger it, to start its dumps.

[STT]

30% drop in BTC is just everyone who is short term outlook then selling their BTC in fear of much lower prices occurring.  The fear feeding the fear of others etc. a feedback loop so yes it can happen.   Those who borrow to buy BTC are the first to sell because they are standing right on the edge already and have no space to move left.

A large drop can happen just because Bitcoin does attract alot of speculators, not just short term but medium term holders would likely be involved in selling on the day, week or month which BTC loses this much.   The ironic thing is price at that moment of maximum fear would be the bargain price everyone wants in that particular year.

Even if you are buying into lower prices, a drop of this much can easily recover short term.  There are usually quite a few clues given as to the trend BTC is following so panicking on just one day would highlight a lack of attention or basic care and concern about your holding in this asset.

    I could see BTC maybe selling this year but I think it would be out of kilter and just an easy buy in opportunity given some greater patience, dont borrow money is the simple advice to follow I think best.

[Oshio-man]

Maybe there are high number of sellers in the market, when there is high number of buyers in the market the price will be increasing speedily for the market to switch to bullish market, what happened recently that made the price to dropped suddenly is the hand work of high number of sellers in the market because those two people are the causing of bullish and bearish market.

[LogitechMouse]

Re: what would cause a 30% drop in bitcoin

Mostly macro-economic related, but the main culprit is the Tariff imposed by Trump against Canada, Mexico.

Of course, there are many more that could cause a huge 30% decline towards the price of Bitcoin. Maybe include the Bybit hacking incident. Also add the fact that many investors panicked because of the huge decline hence, the sentiment immediately changed from bullish to bearish in the short term that's why they also sold some or all of their Bitcoin that added to the downward pressure.

What would cause bitcoin to drop 30% or more?

The bear cycle.

It is said that the bear cycle is noticed when the market drops 20% or more so if the market drops for 30% we can officially say by then that the bull run has ended and now we are in the bear cycle. During this time, it would be best to buy more bitcoins and keep holding them until the next bull run comes again

False.

What about what happened in 2021 bull run where Bitcoin went down to as low as 50% only to go up in November? So you're saying that we entered the bull run at the start of 2021, went down 50% on the same year hence the bear market started, and went into bull market again because it went up in November? That's what you're saying? Now the market is starting to recover again and currently at $88,000. Will you say it again that we are in a bear market just because we went down 20% already?

[Swordsoffreedom]

We saw the Corona pandemic in 2021 where Bitcoin was expected to fall significantly because there was a major disruption in business at that time. But one thing that was noticeable was that even when the financial institutions or economy were in a bad state, Bitcoin price was in a bullish movement. That is why people have more confidence in it. Moreover, people get the opportunity to protect their wealth from the effects of inflation by investing in Bitcoin. Although there is no chance of its price increasing in the short term, there is a possibility of big profits in investing here in the long term. Even if geopolitical problems and exchange hacks have a temporary effect, there is a big possibility of profit in investing in the long term.

If I remember correctly, bitcoin was sold off heavily when the covid pandemic happened and it only started growing strongly after the government decided to pump money to save the economy. This means that if the government had not pumped in money at that time, bitcoin would have definitely gotten much worse. Also, bitcoin wasn't the only asset that did well, stocks and the financial  markets in general saw huge growth, so I don't see this as a big win for bitcoin at that point.

Although bitcoin is designed and has elements as an inflation hedge and store of value but it is volatile and prone to short-term price dumping. So be careful  when using it for short term purposes and it only  really brings the most obvious benefits when we hold it for long  term.

[Sticky Bomb]

There are several factors that can cause BTC to possibly drop by that margin, but not necessarily.

Whales(Those that have lots of BTC) like MSTR deciding to take gains and sell off their holdings would shock the market and lots of people following their leads might immediately cultivate a negative perception of Bitcoin and start selling off themselves which would cause a serious price drop.

Geo-political problems like wars and states of political unrest can make investors withdraw their holdings to cater for their securities and survival since economic activities that sustain them might be on a hold.

Exchanges hack can also contribute and people who have coins in those exchanges would panic sell to minimize losses as a result of loosing faith in those exchanges, we saw the sharp decline in price during the Bybit hack. In just one week the price went from 96k to 8k and kept dipping to almost 79k.

Miners business becoming less profitable as a result of rising electricity costs with fewer BTC rewards. When miners experience high cost of electricity and BTC price looses value, Miners can sell large portions of their holdings to maintain business which would result in big price drop in bitcoin.

[justdimin]

If I remember correctly, bitcoin was sold off heavily when the covid pandemic happened and it only started growing strongly after the government decided to pump money to save the economy. This means that if the government had not pumped in money at that time, bitcoin would have definitely gotten much worse. Also, bitcoin wasn't the only asset that did well, stocks and the financial  markets in general saw huge growth, so I don't see this as a big win for bitcoin at that point.

Although bitcoin is designed and has elements as an inflation hedge and store of value but it is volatile and prone to short-term price dumping. So be careful  when using it for short term purposes and it only  really brings the most obvious benefits when we hold it for long  term.

You are give or take correct. The price wasn't too high before the 2021 bull run, and while the money printing was of course one of the main reasons why it got high, it was also time for the four year cycle as well. The drop during covid wasn't a huge one, we have seen it be around 5k, and it was around 8k or so before the covid breakout, which we can say was a drop if you want to call it a drop but it wasn't a huge one.

After that period, we have seen the 2021 bull slowly rising, before all of the 60k+ stuff, we first rallied up back to 20k+ which was the all time high at the moment, and then slowly just kept going higher and higher. So you are technically correct, there was a drop, and yes money printing mattered, but those weren't the only reasons.

[2Pizza410000BTC]

What would cause bitcoin to drop 30% or more?

Bitcoin can be dumped by 30% for various reasons, one of which may be bad news in the market. Moreover, I think that the Bitcoin market is not always in a high position and will not be, there will definitely be dumping. If the Bitcoin market is not dumped, but only in a high position, then it will definitely not be positive for traders and investors. The reason why Bitcoin is so popular today is because of dumping and pumping in the Bitcoin market, so 30% dumping is normal, there is nothing to worry about here, now the market has been dumped, maybe it will pump again.

[AirtelBuzz]

Bitcoin can be dumped by 30% for various reasons, one of which may be bad news in the market. Moreover, I think that the Bitcoin market is not always in a high position and will not be, there will definitely be dumping. If the Bitcoin market is not dumped, but only in a high position, then it will definitely not be positive for traders and investors. The reason why Bitcoin is so popular today is because of dumping and pumping in the Bitcoin market, so 30% dumping is normal, there is nothing to worry about here, now the market has been dumped, maybe it will pump again.

Yes, it is true that the price of Bitcoin can go down for various reasons, meaning there can be a 30% dumping. Sometimes the price of Bitcoin can also drop due to negative news in the market and bitcoin could still fall if big investors sell their investments. We saw the price of Bitcoin drop sharply when ByBit was hacked because many investors may have sold Bitcoin at that time. According to your comment, the price of Bitcoin can never stay the same, Look closely at this example Bitcoin was once worth $109k but it was dumped to $78k. By the way Suddenly 30% dumping does not seem normal to me but we will have to be very patient at this time.

[348Judah]

What would cause bitcoin to drop 30% or more?

There are many factors to consider on why a market can fall and this may not only have to be by 30% fall, it could go beyond or below that range, depending of the situation that caused for the fall, I will itemize on some fee factors I know could cause on such from below.

1. Economic Breaking News
2. Crypto market arket demands and supply
3. Hypes for dump and pump by whales
4. Market season, bull or bear season.
5. Market Cap and active quality investors.

[Theguyaboveisaratjew]

What would cause bitcoin to drop 30% or more?

There are many factors to consider on why a market can fall and this may not only have to be by 30% fall, it could go beyond or below that range, depending of the situation that caused for the fall, I will itemize on some fee factors I know could cause on such from below.

1. Economic Breaking News
2. Crypto market arket demands and supply
3. Hypes for dump and pump by whales
4. Market season, bull or bear season.
5. Market Cap and active quality investors.

look another rat jew, only thing about his shekels, fucking fag.

[STT]

Im big on the gloom talk, I think its bullish ironically.    I just had the idea of a mutant nuclear offshoot of all this AI hype which is still out there, market down or not but for a while people were also latching onto quantum computers as also being a thing.

Currently I read quantum is not really at a usable stage but who knows, anyhow if you want a 30% drop then the idea that quantum computers, AI and other things we the public don't fully understand could be in combination an alteration to Bitcoin trajectory, break the blockchain or whatever.

  Im not saying its true but real hype and scare sell offs aren't based off solid facts off but very rough estimates.  Easily 30 to 50% drop from that fear without fact required.

[Strongkored]

What would cause bitcoin to drop 30% or more?

As you are wondering why Bitcoin dropped this far, that is also the question many people seem to be asking.

I didn't expect Bitcoin to drop that much this month, but that's what happened, but I still don't think it's a bearish trend yet.
If this happens because of bad news then it is only temporary until it returns to normal.

[dezoel]

What would cause bitcoin to drop 30% or more?

As you are wondering why Bitcoin dropped this far, that is also the question many people seem to be asking.

I didn't expect Bitcoin to drop that much this month, but that's what happened, but I still don't think it's a bearish trend yet.
If this happens because of bad news then it is only temporary until it returns to normal.

He posted it last month and I think BTC is not yet on a dip state there but he is still wondering in advance if what would cause it to drop 30 percent or more. So far BTC is in a dip state but I think the drop is not yet 30 percent. The cause of the drop seems to be related to Trump but for it to drop more maybe there is another cause which can be brutal than it. The OP's question seem not only be limited from this month but it made sense because a drop like that can be rare.

The current trend now seems to be bearish already but like you, there are others that are not convinced with it. I feel bad for you guys, I mean not in an evil way. Anyways, yeah nothing is permanent in this world, including in the world of cryptos. Whether the drop is huge or small, there will always be a way for recovery.

[stomachgrowls]

What would cause bitcoin to drop 30% or more?

As you are wondering why Bitcoin dropped this far, that is also the question many people seem to be asking.

I didn't expect Bitcoin to drop that much this month, but that's what happened, but I still don't think it's a bearish trend yet.
If this happens because of bad news then it is only temporary until it returns to normal.

Just like as always on which the price is always been that unpredictable and there's no way that we can be able to tell behind on whats the reason on such drops.
10-20-30% drops are really just that like an ordinary day here on crypto space and only new traders/investors are the ones who do get that high reactions when it comes into these drops on which they've been really that believing that there's something wrong with this market on why it had made out such sharp drop. On the time or moment that they do made out such or gain up some experience then they would be definitely be having at least the idea on how this market works and behaves in the first place. When we do deal up with this market then the primary thing that comes up into our mind is on the price volatility on which if you've been here on this market for a while you do have already the idea on how things works.

Instead on freaking out then you will be seeing these drops as an opportunity to make out some buybacks. We do know that on the time or moment that you've been that dealing up with this space then you should really be that versatile and you should really be that having that kind of adaptability when it comes to price conditions or movements. If you are really that serious on wanting to survive into this space then you will be needing up to have that kind of adaptability then this will really be that you main consideration.

[Iranus]

He posted it last month and I think BTC is not yet on a dip state there but he is still wondering in advance if what would cause it to drop 30 percent or more. So far BTC is in a dip state but I think the drop is not yet 30 percent. The cause of the drop seems to be related to Trump but for it to drop more maybe there is another cause which can be brutal than it. The OP's question seem not only be limited from this month but it made sense because a drop like that can be rare.

If we compare bitcoin's ATH of $109k in January and its most recent low of $76k, we can see that bitcoin has dropped 30% in just over a month. Although bitcoin is volatile, for an asset with a market capitalization of nearly $2 trillion, a 30% drop is a significant drop and it is not as normal as many would say.

Certainly, the entire financial market has been significantly affected and recession fears are growing…and the main cause is none other than Trump.

The current trend now seems to be bearish already but like you, there are others that are not convinced with it. I feel bad for you guys, I mean not in an evil way. Anyways, yeah nothing is permanent in this world, including in the world of cryptos. Whether the drop is huge or small, there will always be a way for recovery.

To be fair, there's no clear sign that we're already in bear season, nor is there any sign that bull season will continue. More time and data are needed to assess the actual market situation and what stage of the market we are in.

[JeffBrad12]

What would cause bitcoin to drop 30% or more?

As you are wondering why Bitcoin dropped this far, that is also the question many people seem to be asking.

I didn't expect Bitcoin to drop that much this month, but that's what happened, but I still don't think it's a bearish trend yet.
If this happens because of bad news then it is only temporary until it returns to normal.

there's simply so many economic uncertainty as of now, making people hesitant to invest and holding onto cash instead.

but bitcoin already finished distribution phase for current ATH and we'll see what direction bitcoin will be taking.
as of now BTC just formed double bottom so there's hope.

but regardless, I think BTC gonna be fine, probably going back to $90k again very soon.