Topic: Bitcoin continues to decline, what causes it? - page 5. (Read 928 times)
I wouldn't say it's a big decline yet, bitcoins are still trading around the 40,000 USD level. In my opinion it's a sideways trend we see for a while now. As long as the world is facing all these big issues there won't be any big price jumps up or down. There are always some minor news which influence the price short term, but I don't see anything major happening that could tricker a sell off. The last big news of Elon Musk could have some investors worried that he will try to promote his own Doge coin at the expense of Bitcoins. I wouldn't really worry too much about that, bitcoins tend to always bounce back stronger.
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I think bitcoin has been struggling a bit of late is for the same reasons our traditional investment are all struggling right now. With the war in Ukraine going on it’s simply reeking havoc on everything right now. Massive inflation is also another big issue. It’s simply going to take some time to get back to higher levels.
Yes, the war between Ukraine and Russian really caused
bitcoin price to decreased to $39,000 and also caused inflationn to different countries economy. Many countries are yet to recover from the inflation the war has caused to both decentralized users and centralized users in the land. I think, any moment from this week, bitcoin price will hit $60,000 for those that experienced negative reward from their investment few months ago to use the opportunity to recover from their losses. Since Ukraine and Russian are preparing to embrace peace to end the war that is affecting their citizens and other countries citizens,it will really help bitcoin price to be more stable till the end of this year 2022.
Previously I was new to this forum, so I don't know much about this, this is not the beginning of the collapse of Bitcoin, we also know that the coins in the crypto market never keep moving up or even down, I think. right now bitcoin just stays there won't be long and soon Bitcoin will continue to increase and at this time Bitcoin will move at the right time, we know that bitcoin never moves in a straight line.
there is so many reasons that is effecting the price of bitcoin, however I don't think this is the end of it, it's only a sit back and it will go up on the right time.
Yes, I think so too, because I am very confident about Bitcoin, and I myself am very sure about the existence of Bitcoin and as time goes by, sooner or later Bitcoin will experience a good increase, maybe right now as you say Bitcoin is now sitting now and will rise at the right time, I'm sure this will happen soon, actually here I want to learn about Bitcoin and want to learn fully about Cryptocurrency.
Today the market is corrected by more than 5%, I didn't expect the price to continue to correct even in some telegram group exchanges, many say that the bitcoin price will be below $35k, if this happens then I will switch to stable coins so it's to avoid me for loss.
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Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency, even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included, here we all know about this Bitcoin price, in the past few months Bitcoin price ranged at $ 63k.
Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
Thank you <3
Thats the cryptocurrency market for you and thats why the market was said to be highly volatile because it can choose price momentum without knowing the reason behind it but technically the Bitcoin market ought to experience a huge dump in price before now and the reason why the dump slightly happens is because of enthusiasm of the institutional investor in Bitcoin. Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
Thank you <3
Therefore you don't need to be surprised about the dump in the price of the BTC market.
The current one doesn't really look like its going to be lasting for too long. We are already at a level where its looking like we are getting ready to jump. The "drop" is to where it used to be, covering all the traces back and then we could end up with actually profiting in the long run. I am not saying that it will, if the price goes down even more, like maybe %2-3 from the current place as well, then maybe its time to consider the drop as serious. However, the current price is the perfect place to buy for me, I really hope it stays like this until the first so that I would buy at this price, my belief is that since there is no logical reason why it dropped, it should be doing fine very soon.
There have been some serious outflows of Bitcoin out of the US - up to 97 million US dollars, as investors try to adjust to the impact of the expected Fed rate hikes and overall monetary tightening in the wake of a four decade high inflation figures in the US and the disruption of the global trade caused by the Russian invasion of Ukraine. That may have had some effect.
Lately we have noticed that Bitcoin is going up and down a lot. In such a situation, people are struggling to invest.If Bitcoin is within a limit or a space, people will gain confidence and start investing.Bitcoin is currently being down for no reason.How much better would it be if Bitcoin was in a certain place without so many ups and downs
Bitcoin and ethereum increased in price once after the news of Twitter and Elon Musk. Big rise happened with dogecoin, and further it corrects. Bitcoin was with good stability around $40k over the past weeks. Institutional investors are bullish about the market, but the market is experiencing decline. There is no specific incident to be connected with the market decline. Bitcoin will turn bullish, until then we'll experience some form of corrective moves which weren't the indication of bear market.
Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency, even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included, here we all know about this Bitcoin price, in the past few months Bitcoin price ranged at $ 63k.
Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
Thank you <3
You need to develop more resistance to the negative movements of bitcoin, because what we have seen lately is nothing, I would not worry at all for what we are seeing in the market right now because this is the way bitcoin moves, so to think this is the beginning of the end or something like that is an overreaction to the movements of bitcoin, now I could understand people panicking if the price went below 10k but at the current prices it is a huge mistake to do so. Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
Thank you <3
This situation is very difficult for bitcoin because of the various pressures.
But I'm sure it won't last long as bitcoin supporters get bigger and realize that bitcoin is their way to profit and earn money.
Meanwhile, the price of bitcoin is still going up and down and even more often than before, so this makes us have to be more vigilant because no one knows how deep the price will go down.
But we can still hope that the price of bitcoin can increase again in the next month, especially since next month is only a few days away.
But I'm sure it won't last long as bitcoin supporters get bigger and realize that bitcoin is their way to profit and earn money.
Meanwhile, the price of bitcoin is still going up and down and even more often than before, so this makes us have to be more vigilant because no one knows how deep the price will go down.
But we can still hope that the price of bitcoin can increase again in the next month, especially since next month is only a few days away.
The current trend of Bitcoin is simply to serve as proof that the market isn't move by money alone but by true/good/positive words.
Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
The price of 1BTC is always 1BTC, how much people wish to spend in fiat currency for obtaining BTC is their choice that is the demand/supply tug of war. It is not an indication of how "strong" or "powerful" something is (like we say, size does not matter but technique does
)If someone is selling bitcoin, it will go down, but does that mean that bitcoin is bad? It was the trader's choice to exit. Now why might want to exit may sound like something to get concerned about, but again there might be personal reasons or having reached a target profit or just cycling the money to buy back.
The real reason behind a specific price movement is never going to get uncovered due to the vast number of traders and it is not necessary either.
I also understand about this, but here I want to know if there are other causes that affect it or there are factors that cause it to be like this,
Different factors affect the volatility of the price, the primary factors are demand and supply;The more the demand for an asset against supply, the higher the valuation which is reflected on the market price
Conversely, the more the supply against demand, the lower the price.
There are then secondary factors that influence demand and supply, these includes;
• News,
• Government policies,
• FUD,
• FOMO,
• Bitcoin Halving
• Technical aspect etc.
These factors can influence demand and supply positively or negatively, for example, if the U.S. government announced that they will accept Bitcoin as a legal tender, that would change the sentiment around it and possibly cause a increase in demand, and price. Or if a technical vulnerability is discovered, demand would drop and s would the price.
The constant price changes you see on coin tracking websites is an average of the most recent trade prices which were made on different exchanges.
Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency, even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included, here we all know about this Bitcoin price, in the past few months Bitcoin price ranged at $ 63k.
Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
Thank you <3
Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
Thank you <3
When you say 'decline in value', you mean FIAT (esp. USD), right? Because Bitcoins value is way more than that of some random inflationary currency.
This kind of scenario is common in the crypto industry, especially with bitcoins but the good thing about it is it has some history that it recovered after many times it suffered countless declines in the past. Nowadays people who are new in crypto always look at the market as their daily habit same for the new investors or not but at the end of the day, the BTC price will gonna increase again but most of the time we don't know its reason and mostly we don't really further check or investigate because we already see what we really want.
Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason?
To put it simply — because there are more bitcoin being sold than being bought in the markets.and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
If we think that this is the "beginning of its destruction" and that it will not come back up some time in the future, then this forum would be almost empty overnight.You've been here since 2017 though? You should've known by now that bitcoin is very volatile, and that obviously it doesn't go up in a straight line.
To be honest, I am also fully aware of this bitcoin, I ask like this because I want to broaden my horizons, and want to learn more about cryptocurrencies, but here I want to know if there are other causes that affect it or there are factors that cause this, before I asked this question. this is according to what i heard from some people and they asked me, at that time i answered it with what i know, but at that time i had the initiative and i wanted to explore it further by asking people in this forum.
I think bitcoin has been struggling a bit of late is for the same reasons our traditional investment are all struggling right now. With the war in Ukraine going on it’s simply reeking havoc on everything right now. Massive inflation is also another big issue. It’s simply going to take some time to get back to higher levels.
even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included,
Bitcoin investment is no a way to get Bitcoin. Investing basically is the process of buying a certain asset which you expect to increase in value with time. if I bought Bitcoin and held, my Bitcoin stash would not increase, what could is the valuation of the bitcoins I got.Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?
The market value is never stable and goes both ways, i.e rises and falls. This is a constant with Bitcoin and other speculative assets.Jump to: