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Topic: Bitcoin is down a lot - page 4. (Read 688 times)

full member
Activity: 2520
Merit: 204
January 22, 2021, 04:17:34 AM
#10
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
Not because they are Investing and in somewhat Holding More Bitcoin meaning the market will rely on them .
How much Bitcoin they have compared to how much coin they don't?

Decisioning is not only on their part but from the whole industry meaning even us (like Me) who holds a little amount of bitcoin is part of that majority in which if My movement will go along with many investors like me  then the market will dance with us even GreyScale is doing nothing .
So let they hold their coins but don't rely on them totally.
legendary
Activity: 1372
Merit: 2017
January 22, 2021, 03:31:49 AM
#9
It's go down a lot. So, what?

Not long ago the price surpassed the previous ATH and we had a shor period of breaking ATH after ATH. It's not gonna keep going up without drawbacks. If you are a Hodler you shouldn't be worried.

As for the main reason of the recent dump, I agree with mk4:

As for why it dropped, the consensus of why it dropped is because of the recent double-spend FUD.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
January 22, 2021, 03:22:50 AM
#8
It is normal in crypto to have a price drop every now and then.
Do you think that it would just always go up?
Investors would take their profit and sometimes even their capital and that is how it works.
After all investor couldn't just put in money all the time.
member
Activity: 462
Merit: 16
January 21, 2021, 11:27:04 PM
#7
Bitcoin habit is up and down but this period bitcoin price increase very much.it's really bad period for investment.Because, anything can happened anytime with btc.i think this time no one can't give you perfect analysis.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 21, 2021, 10:59:09 PM
#6
Not because a company hauled a huge amount of bitcoin it doesn't mean it's going to be immune to price drops; also taking note that they're doing it OTC, so it would actually take time for us to feel the price effects.

As for why it dropped, the consensus of why it dropped is because of the recent double-spend FUD. While what might've caused the drop are surely multiple things, it's probably a safe assumption that the double-spend FUD was the main one.
hero member
Activity: 2590
Merit: 644
January 21, 2021, 10:41:21 PM
#5
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
^ Dude, they are just investors, I mean they are one of the big investors but it does not mean they hold the entire market price movement. Yes, they invested in bitcoin but if they even sell this only has a slight effect on the bitcoin price. Nevertheless, this correction is expected by most analysis in the crypto market because it is natural that bitcoin having a correction and then it will resist after on. You should not be a worry at all if you are a long-term holder.
hero member
Activity: 2632
Merit: 833
January 21, 2021, 10:15:43 PM
#4
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

Yes, they are buying bitcoin, but the thing is that they are just one part of the whole. There could be a multitude of whales and ordinary investors that are selling because of the supposedly FUD regarding double spend.

https://forkmonitor.info/stale/btc/666833

But it was debunked already, but it seems that the negative news has damage the ecosystem already. However, this is just short term though, and all of us should take advantage of this opportunity to buy cheap BTC, this is a sale.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
January 21, 2021, 09:43:24 PM
#3
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

Yes they did. But they are not the only investors and big players on bitcoin fund isn't it? Also I think they don't buy bitcoin at steep price like just they announced. I'm sure they bought even more lower.

The drop is normal especially with a fast increase in the past few weeks. Of course a corrective step must applied and I think this is it. It will go down more or sideways a bit.
member
Activity: 224
Merit: 36
January 21, 2021, 09:31:17 PM
#2
Grayscale is not a bitcoin fund.

It is a limited company that happens to own bitcoin... and debt... and the ability to do lots of un-bitcoiny things.
newbie
Activity: 28
Merit: 0
January 21, 2021, 09:29:03 PM
#1
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
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