Bitcoin is down a lot | Bitcointalksearch.org

Russlenat

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Quote from: cryptomaniac_xxx on February 12, 2021, 05:55:35 AM

Quote from: Jhanzo on February 12, 2021, 03:26:39 AM

Quote from: Natsuu on January 30, 2021, 09:04:22 AM

Quote from: Jhanzo on January 27, 2021, 01:56:44 PM

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

I doubt that, the popularity of BTC really increased in 2020 and still increasing in this year as pandemic has not yet subsided. What I mean is that, the milestone might be a good reference, but if you are seeing that way, you might also consider other factors such as popularity of it.

I'm still really seeing this through until it reaches maybe 50k then sell. And might then see if it goes up or down without any regret in my side

That comment was made before all the news happened. After musk's tweets and the $1.5b purchase caused various big companies to consider their options (and speaking about it) I pretty much doubt we'll go down to $20k anytime soon unless big things happens. Still, I think a bottom at around $35k would be possible in a month or two after all these hypes dies down.

Going down to $20k will result in more than 50% of the market going down, so I agree that I also doubt that it will happen anytime soon as the market is very bullish this year. There is no hype, this is real bull run that we have seen so we might see some price correction but not that heavy and on the contrary, $50k is the next target. So the future looks very bright at this point.

That's the same feeling I have in when bitcoin dump after it reach almost $20k, I never thought it will drop below $10k but it did dump, and even dropped lower than $5k if you guys followed it, so yes, it's possible to see a dump to $20k or even $10k.

btc78

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Quote from: Adamini on January 21, 2021, 09:29:03 PM

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

The what can you say now that Bitcoin is " UP A LOT "? you people keeps fudding the forum when the price are dumping but silence your mouth when the price is Pumping , why not be fair ? to also Make a thread when it rise and when it falls?

But dont worry once the 50,000 level had broken , you'll forget this post and for sure will rejoice in continuous growth that will bring you more than enough gains.

Quote from: Jhanzo on January 27, 2021, 01:56:44 PM

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

we already seen 27,000 last January so seeing another 20k soon ? i don't think so , it will come i believe but not this near .

cryptomaniac_xxx

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Quote from: Jhanzo on February 12, 2021, 03:26:39 AM

Quote from: Natsuu on January 30, 2021, 09:04:22 AM

Quote from: Jhanzo on January 27, 2021, 01:56:44 PM

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

I doubt that, the popularity of BTC really increased in 2020 and still increasing in this year as pandemic has not yet subsided. What I mean is that, the milestone might be a good reference, but if you are seeing that way, you might also consider other factors such as popularity of it.

I'm still really seeing this through until it reaches maybe 50k then sell. And might then see if it goes up or down without any regret in my side

That comment was made before all the news happened. After musk's tweets and the $1.5b purchase caused various big companies to consider their options (and speaking about it) I pretty much doubt we'll go down to $20k anytime soon unless big things happens. Still, I think a bottom at around $35k would be possible in a month or two after all these hypes dies down.

Going down to $20k will result in more than 50% of the market going down, so I agree that I also doubt that it will happen anytime soon as the market is very bullish this year. There is no hype, this is real bull run that we have seen so we might see some price correction but not that heavy and on the contrary, $50k is the next target. So the future looks very bright at this point.

Jhanzo

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Thank satoshi

Quote from: Natsuu on January 30, 2021, 09:04:22 AM

Quote from: Jhanzo on January 27, 2021, 01:56:44 PM

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

I doubt that, the popularity of BTC really increased in 2020 and still increasing in this year as pandemic has not yet subsided. What I mean is that, the milestone might be a good reference, but if you are seeing that way, you might also consider other factors such as popularity of it.

I'm still really seeing this through until it reaches maybe 50k then sell. And might then see if it goes up or down without any regret in my side

That comment was made before all the news happened. After musk's tweets and the $1.5b purchase caused various big companies to consider their options (and speaking about it) I pretty much doubt we'll go down to $20k anytime soon unless big things happens. Still, I think a bottom at around $35k would be possible in a month or two after all these hypes dies down.

Natsuu

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Quote from: Jhanzo on January 27, 2021, 01:56:44 PM

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

I doubt that, the popularity of BTC really increased in 2020 and still increasing in this year as pandemic has not yet subsided. What I mean is that, the milestone might be a good reference, but if you are seeing that way, you might also consider other factors such as popularity of it.

I'm still really seeing this through until it reaches maybe 50k then sell. And might then see if it goes up or down without any regret in my side

sana54210

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Quote from: Saisher on January 27, 2021, 10:56:51 PM

Gray investor are not the only one who contributed to the price of Bitcoin and why we are having a bull run, there are whales who are also doing this and there are also group whales that are selling their shares, investors small and big have different mindset and motivation at different times, because there's no group of big group that controls the market, we will have a big pump and a big dip if they unite and agreed to sell or buy.

Grayscale is one of those investors that helped. Let's not act as if they are the only reason I agree with that, but let's not act as if they had no role in it neither, we are talking about 500k+ purchased from the market and no longer in the market, buying and holding helps bitcoin price stay up and they did that in a massive massive scale.

Sure the price did increased aside from them as well, there must have been so much more people who bought and hold since then, maybe at least that much or even more, liquidity is getting lower and lower which shows that people buy bitcoin and hold it and not sell it, however we can't argue that grayscale wasn't a part of that neither. We are in a bull run for the past 1 year and we can say that we have done marvelous job at that as a whole, every single person who has bought bitcoin and hold it is part of this increase.

wheelz1200

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Quote from: Adamini on January 21, 2021, 09:29:03 PM

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

Thats just crypto. It has been this way since the beginning and probably won't change for awhile. Bitcoin can go down under $20k and it can be as strong as ever. It can go to $50k and be as weak as ever. Welcome to crypto

Saisher

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Quote from: Adamini on January 21, 2021, 09:29:03 PM

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

Gray investor are not the only one who contributed to the price of Bitcoin and why we are having a bull run, there are whales who are also doing this and there are also group whales that are selling their shares, investors small and big have different mindset and motivation at different times, because there's no group of big group that controls the market, we will have a big pump and a big dip if they unite and agreed to sell or buy.

GeorgeJohn

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Quote from: Kemarit on January 27, 2021, 08:07:42 PM

Quote from: Reid on January 27, 2021, 03:18:52 PM

But they don't own the highest percentage of Bitcoin out there.
You cannot really tell who is moving the market.
It could even be just small investors who dump their bitcoins at the same time.

I do think that investors are now shifting to other investments, could be either stocks on other crypto itself, those small investors have dump already when we reach the top.

Quote from: Reid on January 27, 2021, 03:18:52 PM

I would not worry much about it. It could also be a correction for the speedy pump that had happened which is almost impossible for other investments out there.
I am still thankful it got this this far.

But I do agree that we don't need to worry that much. This is just part of the market correction, of course its sad and frustrating to see our portfolio down, but we have to look at the look term. I'm down like 4 digits as well with the recent correction, but I'm not that nervous or in the panic mode.

Shall in addition I will say that irrespective of what happened to market, market is still remains correctable, and we should not keep hope or hoping that recent corrections is in favour of everyone, it's obviously that in investments platform some people benefits and some lost and it's nature of business everywhere.

Kemarit

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Quote from: Reid on January 27, 2021, 03:18:52 PM

But they don't own the highest percentage of Bitcoin out there.
You cannot really tell who is moving the market.
It could even be just small investors who dump their bitcoins at the same time.

I do think that investors are now shifting to other investments, could be either stocks on other crypto itself, those small investors have dump already when we reach the top.

Quote from: Reid on January 27, 2021, 03:18:52 PM

I would not worry much about it. It could also be a correction for the speedy pump that had happened which is almost impossible for other investments out there.
I am still thankful it got this this far.

But I do agree that we don't need to worry that much. This is just part of the market correction, of course its sad and frustrating to see our portfolio down, but we have to look at the look term. I'm down like 4 digits as well with the recent correction, but I'm not that nervous or in the panic mode.

LUCKMCFLY

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It is that the price can fall to $ 20k, then recover to $ 30k again, everything is possible, it can even go as high as $ 10k, the good thing is when the true bullish trend starts, that's where all the good will start, a new ATH difficult to predict, the limit is the sky. In this market everything is possible, for now the consolidation in $ 30k is what should be used the most for investment, trading and getting the best out of it.

Reid

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But they don't own the highest percentage of Bitcoin out there.
You cannot really tell who is moving the market.
It could even be just small investors who dump their bitcoins at the same time.

I would not worry much about it. It could also be a correction for the speedy pump that had happened which is almost impossible for other investments out there.
I am still thankful it got this this far.

Wysi

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What would just one institutional investment do to Bitcoin? There are dozens of not thousands of institutional investment which has been pooled into Bitcoin and there would be numerous factors due to which value of Bitcoin will fall down. This is the nature of bitcoin wherein various factors decide the price and I wish we would overcome this dump as well eventhough I have doubt whether we will recover from the dump or not.

Jhanzo

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Thank satoshi

I've seen btc go from $1000 to below $500 and then go very close to $18k before going down to sub $10k before this so I'm not even surprised anymore. Though if you use those milestones as indicator then we could be seeing $20k very soon.

Silberman

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Quote from: sterle on January 22, 2021, 11:52:20 AM

why so scared? i think 24k will be actually a good salty correction

That is simply the way people are, we must also remember that not everyone bought at a price of 20k or lower, many bought when the price had increased significantly already and are now worried that if the price keeps going down they will being to lose money and they do not like this one bit, right now the price is close to 30k and I think it will remain there for some time as the market does not seems as if it has enough strength to make it to 40k if things continue in this direction.

exstasie

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Quote from: Adamini on January 21, 2021, 09:29:03 PM

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?

Buyers like Grayscale are scaling in OTC and with algorithmic orders on exchanges, on an on-demand basis. Their accumulation is definitely bullish when considering mid term and long term time frames.

In the short term however, they don't wait with bids open on spot exchanges, propping the market up. In this illiquid market, retail traders and investors are capable of causing a crash.

Hippocrypto

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Quote from: Adamini on January 21, 2021, 09:29:03 PM

In my opinion, didn't gray capital invest a lot of bitcoin during this period? In such a short period of time, why has it dropped so much?
Does anyone analyze his current market information?
For bitcoin believers, these increases are nothing, but we'd like to know why. If you have a good idea, let's share it

It would be better to accumulate your holdings now while the downturn initiated a huge percentage. Every opportunity should be grab, and what I see here now that there's another waves coming, so don't ignore those potential profits. This has dropped so fast due to long term holders, that's why there's nothing to worry all about just keep on pushing towards.

Febo

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Quote from: Adamini on January 21, 2021, 09:29:03 PM

Bitcoin is down a lot

Price decreased 25% in two weeks time. That is not very little but is definitely not a lot. In past we saw 20% price drops in a single day. It is totally normal that after such long growth price start decreasing for some time. Price went up almost constantly form March. So full 10 months. It had few weeks stops. but almost no declining.

jaocoincrypto18

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Leverage traders. Whenever a crypto bull run starts you’re going to see a lot of leverage traders buying heavily in the crypto market. Once a selloff starts it triggers a bunch of stop sell orders and the traders (who didn’t start the selloff) massively liquidate their positions and the price shoots down.

error08

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For an obvious reason, many people are involved in the bitcoin sphere, and some of them want to take the profit. It's not a bad thing for all of us because there are plenty of investors waiting for a lower price to enter the market. We can see how the price bounces back after a brief dip, it's because the demand for bitcoin still considerable great.

Topic: Bitcoin is down a lot (Read 690 times)