Topic: Any news why Btc price is currently falling? (Read 81 times)

Funny that any of you would want to 'lock' this thread so early, I concur this question has been asked 100's of times a day on this site, and the answered as well, but this is the first time I have seen somebody ask for a lock on this topic, obviously this OP hit a nerve.

The MUSK purchases were insane,

The China deal is super funny "Who could have known that China owns all the mining on earth?" Sheesh, you people crack me up

Want to make money going forward on Bitcoin, have a fly on the wall in CHINA and know the next region where the shut the power down on miners, and invest right before on Canadian BITCOIN-ETF funds, I think this is why we don't see these funds in USA, but CANADA is super close to China easy money.

Of course like they say "buy on rumor, sell on news", nobody knows when CCP will shutdown a mining region  in advance other than insiders, and whose is to care about 'insider trading' in Canada, I suspect a good thing is to have a VIX for bitcoin-canadian etf's and watch it close

...

IMHO the BTC power problem in CHINA is why fee's sky-rocketed, but the real problem with price collapse is that we entered a bear-market on high-tech almost two months with the collapse of many large hedge-funds, lots of people bought into BTC the last six months, and everybody needs cash to cover their margin-calls ( 100's of billions ), which is why GOLD is down, and now BTC is down

Once BTC is down 20% like now, then all of MUSKS gains and other CEO idiots gains are at risk, so "SELL"

You haven't seen anything yet, in the coming days & weeks it will be a bloodbath

Will it return like it always does before, it all depends if truth be told that BITCOIN is a criminal worldwide operation, or if the LIARS will continue to dominate the media?

In China, people are fed up with MUSK. In the USA much of the elite are almost fed up with "WOKE", once CNN is pulled down, and the liars at MSNBC are culled, and the news media starts telling the truth about BITCOIN, and how its just one big China collusion with miners, exchanges, ... the ski will fall.

On the other hand, if pumpers&dumpers are convinced there are more suckers to rob, then the PONZI will continue.

It's clear that the robinhood skimmy-check folks have moved on, which is why now DOGECOIN has made people rich, and BITCOIN is a loser game.

I predicted in yet another one of these up/down/sideways threads that bitcoin would have a major slump starting at the end of March (context, after the pre 2020 Christmas surges) due to new to crypto finding themselves suddenly out of pocket and the unlimited increases in the price of bitcoin just won't happen.  Once the rut begins (which it now has) there'll be a sharp dump, crash and burn.

Another reason for the price slum is simply no ones transactions are confirming.  Plain and simple.

Feel free to leave the thread open - I'm curious to hear of anyone else who can say "I told you so"

Well this has already been discuss since couple of days on this forum and I guess the most perfect answer is on this thread posted by @Hydrogen
You can read more about the incidence here: Reference for China stuff

In the short summary it has got to do with China and their blackout operation for the purpose of safety audits. This has lowered the mining operations and surprisingly  big portion of miners are in the China. With operations dropping way down by 25% this has got to affect the crypto severely.

You may lock this thread by the way.

Any bad news why bitcoin price is falling? I know it's a cycle of up and down, bull and bear etc. But there should be a reason behind. Thank you in advance.