Topic: Bitcoin is down a lot - page 3. (Read 688 times)
How you can say it, because it's not too down,if you see the Bitcoin chart for last 6 month Bitcoin has gone very up,And still it's above 32k. I don't think soo like Bitcoin will be more down than like 20k . because traders of Bitcoin in All over the world,see Bitcoin long term not short term .and don't forget it this year of 2021 is completely of cryptocurrency,s year,and many of the new and big projects are getting interest in cryptocurrency,and still many people have holded Bitcoin they are not selling because they know the future of cryptocurrency is very bright.
price is still over 30k $ and you will say its down alot ? i know we are at 40k $ last time but the 10k $ decrease is i think not that huge but 25k $ drop or more are the one that is huge and just because there are big investors here in btc does that mean the price will not drop anymore ? oh hail no thats not how it work .
we must be thankful infact that there are big investors because if there isnt , the price could have gone dowm so hard .
agree, because we know that last year bitcoin made an unusual surprise that it is often done, it can go up only takes a few hours with a very high price difference, so it's down in a few weeks and not even down to $ 30K is a surprise. Current prices are fluctuating and changing in a relatively safe and very consistent range, so there is no need to worry. we must be thankful infact that there are big investors because if there isnt , the price could have gone dowm so hard .
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
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
This price trend is really normal. For me it is my chance to invest, I mean buy low. Bitcoin is the number one and I really trust. There may be correction but as you said , I am one true believer of bitcoin.
price is still over 30k $ and you will say its down alot ? i know we are at 40k $ last time but the 10k $ decrease is i think not that huge but 25k $ drop or more are the one that is huge and just because there are big investors here in btc does that mean the price will not drop anymore ? oh hail no thats not how it work .
we must be thankful infact that there are big investors because if there isnt , the price could have gone dowm so hard .
we must be thankful infact that there are big investors because if there isnt , the price could have gone dowm so hard .
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
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 price is still high and no one really knows whether this is the last time we see it this low or not. in my opinion, this is only normal because before the price going to rise, it will go down first and after that, the price will spike to the point it create another record-breaking ATH. It's just a matter of chances or that's just it is. I mean, you can check its history, whenever the price goes down, it will gonna rise again anytime soon until its stop at its peak. when even the price goes down, it is one of the indications for us to bus to be able to earn from it.
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?
If you are talking about Grayscale investment they do have one of the biggest portfolio in the cryptocurrency space and there are other major public investment companies that are holding billions of dollars worth of BTCitcoin and then there are individual investors and early adopters who are holding huge amounts and it is impossible to know who is making the sell order until you have the tools to analyze all the big transactions and there are companies that are monitoring those.Right now the market is around $31500 which is still a huge valuation and we had a 17% correction in the past one week and we had seen worst in the past and we have seen the market recover swiftly and this is not a big surprise as the market was rallying breaking all the resistance and expect a correction once in a while.
Since all time high two weeks ago was approximately 42,000 USD and we dropped yesterday at ~29,000 USD, that makes it 30% correction so I wouldn't say that was something completely unexpected considering how much price increased in the last couple of months. It is true that Grayscale and others are amassing BTC at the crazy rate (probably more than it's being mined every day which eventually pushed the price) but still these can of drops are expected. People are bound to take profits after the rally and buy back in at the lower price, nothing wrong there.
Really? How much did gray capital invest on Bitcoin? So we can assuming the effect of their investment to the current market.
Just during December 2020 they increased BTC bag by more than 72,000 and few days ago they bought more than 16,000. Here you can see how much crypto they have at the moment. 
There are many investors like grayscale only top institutions were highlighted I mean came open in public that they too have invested in BTC similarly many have invested like them, also the price goes down only the demand decreases. Then comes big whales if they start to sell the price will again go down then panic sellers who will start to sell in hurry without knowing anything.
Bitcoin is volatile and you can't blame the gray scale if that happens because of the bitcoin price down , lot of companies maybe their selling their bitcoin since they reach their profit already with in the month they invest this could be an advantage to them to make a good profit not only companies but people too ever since this is the biggest price bitcoin reach and now its dumping and that is another opportunity to those people who wants to involve into bitcoin and start investing and make a good profit within a month or more.
I don't know what you say, but I'm observing the price for the past 2 days, looking for an opportunity to buy some, taking advantage of the current price correction/crash. It's similar to the most recent one that happened the previous one or two weeks. I don't think it's something to worry about, as long as you are careful with the trades you make.
If you see bitcoin's price dropped that "much" now then maybe investing on this asset is not for you. What happens now is normal so some buyers can take their profit. And an opportunity for some to buy at a lower price.
If you experienced the hype way back 2017, after that year it dump all the way to 3k if I'm not mistaken. And it lasted for some months and it just returned to 20k recently. Imagine how long for some people to wait and recover their investment. Bitcoin is much more stable now unlike 2017, many big institutions now are starting to invest because they now see the potential use of it in the future.
If you experienced the hype way back 2017, after that year it dump all the way to 3k if I'm not mistaken. And it lasted for some months and it just returned to 20k recently. Imagine how long for some people to wait and recover their investment. Bitcoin is much more stable now unlike 2017, many big institutions now are starting to invest because they now see the potential use of it in the future.
This is what actually market works, nothing to be afraid of and this not the first time bitcoin dumped so hard. People sold bitcoin to make profit that's why prices dropped and for me this normal. Anyways, when bitcoin dropped then it is the best time to accumulate for the next pump.
Such drop was expected. It went high way too fast. It's just a normal correction.
The support wasn't that big and easily to break. Just let the market calm down and start rising again.
For many here, they really do not worry about it because this is simply a correction and that many of us know that soon, the price will just go back up and then another Bull will happen. So if I were you, I would really not worry much about this because this is the same pattern before. There is nothing to be sad or concerned about the trends of Bitcoin. Buy now while it is low because once it gets higher then there is really good profits that one will get out of it.
lmao, r u even scared about it ? , so far , based on my speculate, bitcoin now it's a superstars for what we call store of value , many many instituion/big player has joined the rally after the price has break ATH 2017. so why this damn thing happen ? because they want buy more , there is no other reason for me.
Really? How much did gray capital invest on Bitcoin? So we can assuming the effect of their investment to the current market.
Here some interesting article I read
Also even though we can make a assumption about the investment capital from gray capital effect to Bitcoin market, that doesn't mean other holders doesn't doing anything. You can't know what they're doing every second with their money, they can do panic selling, holding, or buying.
Bitcoin is decentralized and no one can control it, so you need to gather many information instead of 1 news only.
Here some interesting article I read
Quote from: https://medium.com/archieai/how-much-money-do-you-need-to-move-the-bitcoin-market-202f4316f277
This means that during that 1-minute, $23 million USD worth of bullish trades increased total market value of Bitcoin by over $1 billion USD (.557% of $180.77 billion total value of all Bitcoins)
Crudely put — It is possible for someone with access to $23 million USD to pump the price up by .557% in one minute.
Crudely put — It is possible for someone with access to $23 million USD to pump the price up by .557% in one minute.
Also even though we can make a assumption about the investment capital from gray capital effect to Bitcoin market, that doesn't mean other holders doesn't doing anything. You can't know what they're doing every second with their money, they can do panic selling, holding, or buying.
Bitcoin is decentralized and no one can control it, so you need to gather many information instead of 1 news only.
Bitcoin is testing bottom support level 31.5k and if he breaks it expected to go lower around 25k - 27k possibley so it will be a good time to buy.
This is what actually market works, nothing to be afraid of and this not the first time bitcoin dumped so hard. People sold bitcoin to make profit that's why prices dropped and for me this normal. Anyways, when bitcoin dropped then it is the best time to accumulate for the next pump.
Its not like Grayscale own a lot of bitcoins than the individual investors, as long as traders are selling their coins to get a profit, prices will go down no matter what happens. People always complain about the price of bitcoin going down when in fact, this price points in the market didn't even cross to the mind of many people back then, that is why there is FUD here and there. Realizing that bitcoin has gone this far is enough for me to believe that this is just a temporary down.
If it can go up fast it can go down fast but as I've seen it's still well above $30,000 and to be more specific $31.5K the down is nothing if compared to its pump and the price from previous months.
If any it's correction that people has been talking a lot these days when people gets too worried about btc going up so fust. I honestly think it's just bitcoin cycle which happens after massive pump. See the chart and you will figure out that there's always some dump after some pump.
If any it's correction that people has been talking a lot these days when people gets too worried about btc going up so fust. I honestly think it's just bitcoin cycle which happens after massive pump. See the chart and you will figure out that there's always some dump after some pump.
Really? I thought BTC was $23,000 1 month ago and now is $31,000, stop being so scared people everytime someone farts, this is not how BTC works. Only the strong HODLers will win in the end, the rest will run like chickens.
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