Topic: Bitcoin drop (Read 118 times)
You're wrong OP because none of those events impacted the value of Bitcoin if they really had impacted it then the impact could be more than 10% value drop or more not just 3%. It's quite hard for Bitcoin to move to $70k or break that barrier and actually it's going to break it also if things go well. So, in my opinion this post/thread is more or less a less-researched one.
Its not important for today so much, its a pullback during normal volatility. Every move has speculators who buy then sell at the top of that move. What matters is the continuation, so far BTC is doing better then its done in a long time. Simply because we broke the sequence of each month making the highest prices in that month decline slightly from the prior months.
When BTC price breaks a sequence its kept for months I do hope we can start to establish a new path that isnt a repeat of the prior pricing. Some of it is deliberate buy programs which cease to continue at the top of the price range, with so many professional firms and traders involved alot of the buying is arranged to avoid leading the price higher or bidding against each other.
When BTC price breaks a sequence its kept for months I do hope we can start to establish a new path that isnt a repeat of the prior pricing. Some of it is deliberate buy programs which cease to continue at the top of the price range, with so many professional firms and traders involved alot of the buying is arranged to avoid leading the price higher or bidding against each other.
Bitcoin price going down just a bit isn't a new thing, it happens all the time and we shouldn't be shocked about it. There isn't a specific reason for any drop, not when the drop is this low and we shouldn't be worried about it. When there is a good reason for a fall then the fall will be much bigger than this little one. This is just a regular usual correction and nothing that we should be worried about, we are going to see the price recovering again, we are not going to see it go down much more.
When the price is indicated as overbought, the price of bitcoin may be corrected briefly. Traders will sell and secure their profits, but if you are a holder, then you should stick to your first plan. Accumulate as long as you can, but never force your will. That's the advice that is often given, but unfortunately panic is always difficult to stop in the market.So far I've had bigger bitcoin price drops in a day, so today's 3% drop I've considered a minor correction that didn't have a significant impact on me. The market will recover as we are about to enter October, I hope there is a great rally from the beginning of the month to the end of the month.
Bitcoin price going down just a bit isn't a new thing, it happens all the time and we shouldn't be shocked about it. There isn't a specific reason for any drop, not when the drop is this low and we shouldn't be worried about it. When there is a good reason for a fall then the fall will be much bigger than this little one. This is just a regular usual correction and nothing that we should be worried about, we are going to see the price recovering again, we are not going to see it go down much more.
If there was a bear run then the price would have gone down a lot more, wouldn't be just a small one and it would be under 60k already. Since the drop isn't a big one, we can deduce that we are going to see it grow to be big once again. So, we should not be worried and keep on investing more and keep trying our best in order to have a better profit later on. The more you buy and hold, the more profit you are going to make in the end and won't be bothered by these moves.
If there was a bear run then the price would have gone down a lot more, wouldn't be just a small one and it would be under 60k already. Since the drop isn't a big one, we can deduce that we are going to see it grow to be big once again. So, we should not be worried and keep on investing more and keep trying our best in order to have a better profit later on. The more you buy and hold, the more profit you are going to make in the end and won't be bothered by these moves.
Good day everyone
Well currentlyBitcoin faced a price fall the price of bitcoin fell over 3%, and this is largely due to two main factors: economic developments in the U.S. and rising tensions in the Middle East.
The decline came after panic selling, especially among Asian investors.
How did you know that there was an actual or specific type of investor that had panicked this time? because everytime a fall has come, most new investors are panicking but not anymore the tenured.Well currentlyBitcoin faced a price fall the price of bitcoin fell over 3%, and this is largely due to two main factors: economic developments in the U.S. and rising tensions in the Middle East.
The decline came after panic selling, especially among Asian investors.
Concerns grew after Japan’s Nikkei index fell by nearly 5%, following a call for elections in Japan. This boosted the Japanese yen and led to a surge in government bond purchases, further influencing Bitcoin’s decline.
Geopolitical issues also added to the selloff. Israel's military actions in Lebanon, including airstrikes and the killing of Hezbollah leaders, have raised concerns, adding to the market uncertainty.
Despite the dip, the broader crypto market remains relatively stable, with major cryptocurrencies like Ethereum and Solana showing less drastic drops.
While the geopolitical could have added to the impact but it's not the whole thing that impacted the market. AFAIK, Japan has fell a lot this year and if they're seen to recover this time.Geopolitical issues also added to the selloff. Israel's military actions in Lebanon, including airstrikes and the killing of Hezbollah leaders, have raised concerns, adding to the market uncertainty.
Despite the dip, the broader crypto market remains relatively stable, with major cryptocurrencies like Ethereum and Solana showing less drastic drops.
It only means that they're on recovery stage and everything that falls should rise.
As for Bitcoin, this drop is nothing. At what price did it came from before it rose to $66k and so?
You are incorrect. This 3% drop is the result of recent 26% gains from $52k to $66k in less than a month. The fact you ignored the gain and went on a rant about 3% drop is funny and stupid at the same time. This 3% is Bitcoin resetting itself for a higher price. Historically, October has been the best month for Crypto so I am sure Bitcoin ATH will be broken next month. I hope you will be there to witness it and make a new thread 
Even more: it's Monday. Last Thursday, Friday and even Saturday the price went up. Now, of course, some are taking profit. And for now the downturn didn't even take us yet to the low of Thursday.
Bitcoin fell 3% like you are so excited to associate with this other news like bitcoin fell 30% Lol
3% of $100k is $3k, when $3k is converted into local fiat then it will probably be a lot. Imagine if OP had $1 million in bitcoin and every 3% drop he would lose $30k, wouldn't that be quite a lot. But that's just a comparison, so we can't yet conclude that a 3% drop is insignificant for everyone.Many experienced investors may not care about a 3% drop in the price of bitcoin, while others are affected and panic due to losses. So I can only say that the percentage reduction is relative to everyone and not everyone can accept it. The best thing to do is stay calm and don't panic and don't sell at a loss.
Maybe you just saw the bitcoin market like this? So that just a little decline you correlate with others ... Even today bitcoin is 3% tomorrow it could be bitcoin up 10% will you consider bitcoin bullish?
It could be that. OP may not be an experienced user as an investor and he has just started his investment journey with bitcoin. 
Bitcoin fell 3% like you are so excited to associate with this other news like bitcoin fell 30% Lol
Maybe you just saw the bitcoin market like this? So that just a little decline you correlate with others ... Even today bitcoin is 3% tomorrow it could be bitcoin up 10% will you consider bitcoin bullish?
With the middle east war, bitcoin will always be as usual sometimes going up because of this news, sometimes going up the war news still remains.
Maybe you just saw the bitcoin market like this? So that just a little decline you correlate with others ... Even today bitcoin is 3% tomorrow it could be bitcoin up 10% will you consider bitcoin bullish?
With the middle east war, bitcoin will always be as usual sometimes going up because of this news, sometimes going up the war news still remains.
Geopolitical issues also added to the selloff. Israel's military actions in Lebanon, including airstrikes and the killing of Hezbollah leaders, have raised concerns, adding to the market uncertainty.
There might be a relationship between escalation of conflict in the Middle East and the slight price drop but this is just a speculation. The same thing happened when Isreal attacked Iran this year, the price dropped. Also the expected US jobs data release might also be stimulating uncertainty. Quote
Despite the dip, the broader crypto market remains relatively stable, with major cryptocurrencies like Ethereum and Solana showing less drastic drops.
The decline in price is not too much to raise any alarm. We just had some good days with the price of Bitcoin going up. This is just a slight drop, diverse predictions shows that the price will recover and keep increasing. 
Despite the dip, the broader crypto market remains relatively stable, with major cryptocurrencies like Ethereum and Solana showing less drastic drops.
3% price drop is not still a massive drop either. I noticed that ethereum and solana were less volatile but do not let the market fool you because when the bear market will come significantly, they will all fall more than bitcoin. Bitcoin still remain the best crypto asset. But about the fall, it is nothing to be bothered about. Bitcoin is still going to all-time high. Good day everyone
Well currentlyBitcoin faced a price fall the price of bitcoin fell over 3%, and this is largely due to two main factors: economic developments in the U.S. and rising tensions in the Middle East.
Well currentlyBitcoin faced a price fall the price of bitcoin fell over 3%, and this is largely due to two main factors: economic developments in the U.S. and rising tensions in the Middle East.
You are being fooled by randomness. 3% down is nothing for bitcoin. This is just it's natural radom movement, as it does for the past 10 years.
You are basically overestimating causality, and trying to look for explanation when there isn't any.
https://en.m.wikipedia.org/wiki/Fooled_by_Randomness
Hey, thanks for sharing that insight! The geopolitical tensions really seem to be shaking things up in the market. I agree with your point about panic selling, especially in Asia. I’ve also noticed that when traditional markets like Japan’s Nikkei take a hit, it tends to have a ripple effect on crypto. Hopefully, the situation stabilizes soon.
By the way, while you're watching the markets, have you tried checking out some online casino games to relax a bit? I’ve been spending some downtime at Ozwin's Casino ( https://ozwins.casino/ ) — it’s a great way to de-stress after tracking all this market volatility. Worth a look if you need a break!
I don't see a 3% dropped in Bitcoin Price to mean a market crash that you should create a topic for and also what I think is happening right now in the market is that, Bitcoin is giving both long term investors and traders the chance to get in and hold new position and accumulate more Bitcoin along the line because Bitcoin at the moment is doing discount price move.
I know not many Bitcoin speculators expected this current Bitcoin price conditions because in the last week, many have speculated that Bitcoin will be going to around 70k before the new month of October.
But as it stands, I don't think that Bitcoin have that capacity to reach such a price before we enter into the new month since we have less than 48 hours for that the occur and at the moment the current conditions in Bitcoin market will definitely extended beyond that time frame.
I know not many Bitcoin speculators expected this current Bitcoin price conditions because in the last week, many have speculated that Bitcoin will be going to around 70k before the new month of October.
But as it stands, I don't think that Bitcoin have that capacity to reach such a price before we enter into the new month since we have less than 48 hours for that the occur and at the moment the current conditions in Bitcoin market will definitely extended beyond that time frame.
Concerns grew after Japan’s Nikkei index fell by nearly 5%, following a call for elections in Japan. This boosted the Japanese yen and led to a surge in government bond purchases, further influencing Bitcoin’s decline.
It doesn't even have any correlation at all lol.Quote
Geopolitical issues also added to the selloff. Israel's military actions in Lebanon, including airstrikes and the killing of Hezbollah leaders, have raised concerns, adding to the market uncertainty..
He was killed two days ago https://www.npr.org/2024/09/29/g-s1-25348/israel-hezbollah-lebanon-hassan-nasrallah-timelineTwo days ago Bitcoin price rising, you're completely wrong.
If there's no exact reason why Bitcoin price drop, better to not make any pointless assumption. Drop 3% is really normal for Bitcoin, the market is active for 24/7 and Bitcoin is one of high volatility asset.
You are incorrect. This 3% drop is the result of recent 26% gains from $52k to $66k in less than a month. The fact you ignored the gain and went on a rant about 3% drop is funny and stupid at the same time. This 3% is Bitcoin resetting itself for a higher price. Historically, October has been the best month for Crypto so I am sure Bitcoin ATH will be broken next month. I hope you will be there to witness it and make a new thread
Really? 3% drop for such events? Even 10% drop or increase a day is pretty normal to bitcoin from the supply and demand and investor sentiment which is completely random, having no effects from the outside news of crypto space, how much more to any military actions.
Good day everyone
Well currentlyBitcoin faced a price fall the price of bitcoin fell over 3%, and this is largely due to two main factors: economic developments in the U.S. and rising tensions in the Middle East.
Well currentlyBitcoin faced a price fall the price of bitcoin fell over 3%, and this is largely due to two main factors: economic developments in the U.S. and rising tensions in the Middle East.
You are being fooled by randomness. 3% down is nothing for bitcoin. This is just it's natural radom movement, as it does for the past 10 years.
You are basically overestimating causality, and trying to look for explanation when there isn't any.
https://en.m.wikipedia.org/wiki/Fooled_by_Randomness
Good day everyone
Well currentlyBitcoin faced a price fall the price of bitcoin fell over 3%, and this is largely due to two main factors: economic developments in the U.S. and rising tensions in the Middle East.
The decline came after panic selling, especially among Asian investors. Concerns grew after Japan’s Nikkei index fell by nearly 5%, following a call for elections in Japan. This boosted the Japanese yen and led to a surge in government bond purchases, further influencing Bitcoin’s decline.
Geopolitical issues also added to the selloff. Israel's military actions in Lebanon, including airstrikes and the killing of Hezbollah leaders, have raised concerns, adding to the market uncertainty.
Despite the dip, the broader crypto market remains relatively stable, with major cryptocurrencies like Ethereum and Solana showing less drastic drops.
Well currentlyBitcoin faced a price fall the price of bitcoin fell over 3%, and this is largely due to two main factors: economic developments in the U.S. and rising tensions in the Middle East.
The decline came after panic selling, especially among Asian investors. Concerns grew after Japan’s Nikkei index fell by nearly 5%, following a call for elections in Japan. This boosted the Japanese yen and led to a surge in government bond purchases, further influencing Bitcoin’s decline.
Geopolitical issues also added to the selloff. Israel's military actions in Lebanon, including airstrikes and the killing of Hezbollah leaders, have raised concerns, adding to the market uncertainty.
Despite the dip, the broader crypto market remains relatively stable, with major cryptocurrencies like Ethereum and Solana showing less drastic drops.
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