Bitcoin is dumping, what's the possible reason?

KTChampions

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Quote from: Yamifoud on February 28, 2021, 06:22:34 PM

Quote from: KTChampions on February 28, 2021, 05:43:08 PM

The price of bitcoin is still very high and it is possible that the market is now looking for "fair price levels". Levels where there is no FOMO or FUD pressure. It seems to me that if the price of bitcoin stabilizes at any level in the range of 30-40 thousand, then it will be very good. Compared to the previous ATH, this is a big growth.

We can't stop FOMO and FUD's but people are learning already, they will ignore it by then.
I believe the market could able to sustain at its high price. Even the price will drop to $35k-$40k, that still at a high level and for me, still in the bullish. For the market showing an increase in the number of users and investors, the more it likely not to drop hard just like how the 2017 bullish season ends where it dumps straight.

I agree that the number of market participants and its volume is growing - this is indisputable. I am concerned that the number of transactions and the use of bitcoin as a means of payment is not growing. If you remember bitcoin was invented as a means of payment and not as a store of value, this is its basis.

Fatunad

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Quote from: pinggoki on March 01, 2021, 08:28:11 AM

There's so many possibilities why the suddenly bitcoin dumps is happening right now and the possible reasons is just because those big whales are currently controlling or manipulating the market in order for it to dumps and another thing is that the possible reason is they want to buy more bitcoin when the price dumps so that they will be able to have so much bitcoins that just one big whale can control the whole market. That was just my assumptions.

Market can be somewhat be affected or simply those whales can really influenced on what trend should the market to have but doesnt mean that they
would really be having the full control of it and for us small time investors or retail traders wont really make such impact but somehow we can really ride off with
the waves for us to take advantage of it. Thinking up for reasons on why the market behaves like this will surely be creating some mental stress because you
are looking for an answer that cant really be precisely answered by someone because no one can actually know on whats happening behind.

serjent05

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Quote from: danherbias07 on February 27, 2021, 11:49:42 PM

A lot of FUD lurking around.
Analysts and people trying hard to predict the market are all pessimistic.
I guess that can also affect the market a little.
Using data from history is their weapon right now but who knows, it could be a different March because now a lot of institutional investors are jumping in.
That could hold the value of bitcoin if ever they will not try sell.

FUD isn't just lurking around now, they were when BTC was surging and the moment they saw Bitcoin price goes down, they got the courage to go out in the open and preach their gospel of "BTC going to zero" or "BTC is doomed". But let us see how the BTC market will shame them again.

Anyway, it isn't a bad thing for the BTC market to have some dip in a bull run. This opens a window of opportunity to buy BTC at a lower rate. Besides, if we are a firm believer in BTC, we do not need to argue with FUDsters and prove them wrong. Let the market itself shame them Grin

.

Anyway price crash due to some reasons, mass shorting that the buy support cannot sustain, price manipulation, and many others.

pinggoki

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There's so many possibilities why the suddenly bitcoin dumps is happening right now and the possible reasons is just because those big whales are currently controlling or manipulating the market in order for it to dumps and another thing is that the possible reason is they want to buy more bitcoin when the price dumps so that they will be able to have so much bitcoins that just one big whale can control the whole market. That was just my assumptions.

Yamifoud

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Quote from: KTChampions on February 28, 2021, 05:43:08 PM

The price of bitcoin is still very high and it is possible that the market is now looking for "fair price levels". Levels where there is no FOMO or FUD pressure. It seems to me that if the price of bitcoin stabilizes at any level in the range of 30-40 thousand, then it will be very good. Compared to the previous ATH, this is a big growth.

We can't stop FOMO and FUD's but people are learning already, they will ignore it by then.
I believe the market could able to sustain at its high price. Even the price will drop to $35k-$40k, that still at a high level and for me, still in the bullish. For the market showing an increase in the number of users and investors, the more it likely not to drop hard just like how the 2017 bullish season ends where it dumps straight.

Ridwan Fauzi

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The decreasing price is not happen to bitcoin only but almost stock market also have the same way, their price are also decreasing. As we may know in several months bitcoin price movement has the same characteristic movement with stock market and we can see it.

Yeah Indeed, the weekly candle will give a bearish sign foe bitcoin price. The candle is red and closed the green candle from the previous week, but it is the weekly candle. We still have an opportunity to see bitcoin price still in the bull market, in fact in monthly candle we still in the bullish market. So, don't be afraid this is just a correction or tomperary we will bitcoin price pass $60.000 barrier.

KTChampions

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The price of bitcoin is still very high and it is possible that the market is now looking for "fair price levels". Levels where there is no FOMO or FUD pressure. It seems to me that if the price of bitcoin stabilizes at any level in the range of 30-40 thousand, then it will be very good. Compared to the previous ATH, this is a big growth.

batang_bitcoin

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Quote from: Hamphser on February 27, 2021, 04:12:39 PM

Quote from: batang_bitcoin on February 27, 2021, 03:51:35 PM

Quote from: Becky666 on February 27, 2021, 03:22:04 PM

Seriously? i thought this is more like a falling knife Grin

, don't ever try to catch such falling knife becasue they could be dangerous IMO. Joke apart, this dip seem to have another dip IMO and watching the happenings around this dip before buy will do more good than buy into it currently(though not an investment advise).

No more dips I guess. The correction has finally turned into a slow paced movement again for bitcoin. We're not used to this unless you're rushing about it. Looks stable and perfect this time and whatever the next outcome is, just put yourself into a mental state that you won't panic.
There's a lot of it that happened recently.

Easy to say but would really be hard to ignore in reality because we have seen so many times on how bitcoin did move after on a sideways movement on where we do thought that it was somewhat in the stabilized manner.

So its better to be cautious and wary rather than on becoming too confident just because you have seen that the price do able to withheld but doesnt mean that it can sustain forever but we are really hoping for that to happen.

Dumps? Common reason is sell off which is most likely on selling point by most people or simply been moved by whales.

I'm confident and I won't put pressure to myself just as the market always do. Just as you've said that it can't be sustained forever and the dip will go the same.
It won't stay forever and that's why I'm just putting myself into a positive manner and won't be affected by any bearish analysis about bitcoin. Dumps are normal and essential but this pump that bitcoin did and knowing from where it started is promising and won't give me that negative outlook the way things happen lately.

plr

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Quote from: lalabotax on February 27, 2021, 06:40:37 PM

Quote from: Sanitough on February 22, 2021, 08:00:54 AM

Huge dump happening, it could possibly dump below $50,000.

I have just watched a video of Bitcoin price prediction in March made by one of the experts in my country. He stated that March will be a red price month for Bitcoin, which means will be a big dump upcoming. The reason is from the data of the Bitcoin price movement each March from several years ago to the current year (2020). He added that the price of Bitcoin in the next month can drop quite big, it even can drop to $30,000. Surely it is not good news for people who plan to sell their Bitcoin in March.

I hope it's different now if we are going to believe about dump in a certain period of time, then we believe in people that create FUDS, we are still good at $45k, just like we are feel good when Bitcoin hit an all-time high, there will be people who will sell for profit, don't sell at a loss just because you are seeing people selling, the price will eventually recover if it falls to $30k it's not because people are losing trust, it's a buying opportunity for those who want to get it cheap.

adaseb

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The reason why March is a red month is most likely due to the tax season. Usually bitcoin has a good year except for 2014 and 2018. So people are usually doing their taxes in March for the prior year. Since you are taxed on trades and not whether you withdraw the funds or not it creates problem for new traders. People basically could of sold Bitcoin at a profit, and then bought it back cheaper and then it kept going lower and lower, so they were losing money but they still had to pay taxes for the prior year, whether they withdrew or not.

Eventually they get a total from their tax accountant and its a large amount and they got no choice but to sell their remaining crypto to pay this bill. Rather have little or no crypto left than have it drop further and you would need to basically borrow money to pay your taxes.

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Quote from: lalabotax on February 27, 2021, 06:40:37 PM

Quote from: Sanitough on February 22, 2021, 08:00:54 AM

Huge dump happening, it could possibly dump below $50,000.

I have just watched a video of Bitcoin price prediction in March made by one of the experts in my country. He stated that March will be a red price month for Bitcoin, which means will be a big dump upcoming. The reason is from the data of the Bitcoin price movement each March from several years ago to the current year (2020). He added that the price of Bitcoin in the next month can drop quite big, it even can drop to $30,000. Surely it is not good news for people who plan to sell their Bitcoin in March.

A lot of FUD lurking around.
Analysts and people trying hard to predict the market are all pessimistic.
I guess that can also affect the market a little.
Using data from history is their weapon right now but who knows, it could be a different March because now a lot of institutional investors are jumping in.
That could hold the value of bitcoin if ever they will not try sell.

lalabotax

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Quote from: Sanitough on February 22, 2021, 08:00:54 AM

Huge dump happening, it could possibly dump below $50,000.

I have just watched a video of Bitcoin price prediction in March made by one of the experts in my country. He stated that March will be a red price month for Bitcoin, which means will be a big dump upcoming. The reason is from the data of the Bitcoin price movement each March from several years ago to the current year (2020). He added that the price of Bitcoin in the next month can drop quite big, it even can drop to $30,000. Surely it is not good news for people who plan to sell their Bitcoin in March.

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Quote from: batang_bitcoin on February 27, 2021, 03:51:35 PM

Quote from: Becky666 on February 27, 2021, 03:22:04 PM

Seriously? i thought this is more like a falling knife Grin

, don't ever try to catch such falling knife becasue they could be dangerous IMO. Joke apart, this dip seem to have another dip IMO and watching the happenings around this dip before buy will do more good than buy into it currently(though not an investment advise).

No more dips I guess. The correction has finally turned into a slow paced movement again for bitcoin. We're not used to this unless you're rushing about it. Looks stable and perfect this time and whatever the next outcome is, just put yourself into a mental state that you won't panic.
There's a lot of it that happened recently.

Easy to say but would really be hard to ignore in reality because we have seen so many times on how bitcoin did move after on a sideways movement on where we do thought that it was somewhat in the stabilized manner.

So its better to be cautious and wary rather than on becoming too confident just because you have seen that the price do able to withheld but doesnt mean that it can sustain forever but we are really hoping for that to happen.

Dumps? Common reason is sell off which is most likely on selling point by most people or simply been moved by whales.

batang_bitcoin

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Quote from: Becky666 on February 27, 2021, 03:22:04 PM

Seriously? i thought this is more like a falling knife Grin

, don't ever try to catch such falling knife becasue they could be dangerous IMO. Joke apart, this dip seem to have another dip IMO and watching the happenings around this dip before buy will do more good than buy into it currently(though not an investment advise).

No more dips I guess. The correction has finally turned into a slow paced movement again for bitcoin. We're not used to this unless you're rushing about it. Looks stable and perfect this time and whatever the next outcome is, just put yourself into a mental state that you won't panic.
There's a lot of it that happened recently.

Becky666

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Quote from: FatFork on February 22, 2021, 09:27:24 AM

Everybody says "buy the dips, buy the dips!" Guess what? This is what a dip looks like, in case you didn't know! Cheesy

Seriously? i thought this is more like a falling knife Grin

, don't ever try to catch such falling knife becasue they could be dangerous IMO. Joke apart, this dip seem to have another dip IMO and watching the happenings around this dip before buy will do more good than buy into it currently(though not an investment advise).

FatFork

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Quote from: darewaller on February 26, 2021, 11:44:19 PM

Quote from: milewilda on February 24, 2021, 04:35:20 PM

-10k in price isnt something for people still on getting shocked on this one? If they have seen those past year experience about corrections like this then they wouldnt really be that on a panic but instead on taking it as an opportunity to buy more cheap coins. Dumping reason is always a question in mind but no one knows actually on what happened because there are lots of several
factors that could really be driving off the entire market into reds and as an ordinary trader then you should really know on how to go with the flow or really knows on how to take advantage on that situation.

Another thing that we are not really shocked is the fact that bitcoin could drop, like drop a lot, it could drop to 5k as well, it could be even lower, like I do not care how low it could become and I do not care, I am not saying it is impossible for bitcoin to drop low.

However so what if drops? Like let it be 5k who cares? I do not care if someone is scared and sells and loses money that's his fault and I do not care if he loses money not really my problem. Me? I would definitely just put my money in, wait some more, there is a bigger drop? I would go as far as taking out a loan if I have to and that would be the method I would basically go in even more if the price drops. All you have to do is wait, sometimes a day, sometimes a year, sometimes even more but eventually you get that money back one day.

That's a good point. We are trying to look through the trend and the big picture and our big picture seems to be a lot more positive than people trying to tell you here is the reason for the drop. Yes, it's a volatile investment. It's a very risky investment. We know that anything can happen at any time.
But we also know that Bitcoin is the fastest growing and the best performing investment in history. And if you don't try, you'll probably be left out in the cold as the whole thing turns around again.

darewaller

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Quote from: milewilda on February 24, 2021, 04:35:20 PM

-10k in price isnt something for people still on getting shocked on this one? If they have seen those past year experience about corrections like this then they wouldnt really be that on a panic but instead on taking it as an opportunity to buy more cheap coins. Dumping reason is always a question in mind but no one knows actually on what happened because there are lots of several
factors that could really be driving off the entire market into reds and as an ordinary trader then you should really know on how to go with the flow or really knows on how to take advantage on that situation.

Another thing that we are not really shocked is the fact that bitcoin could drop, like drop a lot, it could drop to 5k as well, it could be even lower, like I do not care how low it could become and I do not care, I am not saying it is impossible for bitcoin to drop low.

However so what if drops? Like let it be 5k who cares? I do not care if someone is scared and sells and loses money that's his fault and I do not care if he loses money not really my problem. Me? I would definitely just put my money in, wait some more, there is a bigger drop? I would go as far as taking out a loan if I have to and that would be the method I would basically go in even more if the price drops. All you have to do is wait, sometimes a day, sometimes a year, sometimes even more but eventually you get that money back one day.

Botnake

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Quote from: milewilda on February 24, 2021, 04:35:20 PM

-10k in price isnt something for people still on getting shocked on this one? If they have seen those past year experience about corrections like this then they wouldnt really be that on a panic
but instead on taking it as an opportunity to buy more cheap coins. Dumping reason is always a question in mind but no one knows actually on what happened because there are lots of several
factors that could really be driving off the entire market into reds and as an ordinary trader then you should really know on how to go with the flow or really knows on how
to take advantage on that situation.

Absolutely, there's nothing to panic because the crypto market will always thrive, correction is just so necessary due to high volatility and since bitcoin pump a lot of times, people get FOMO, so panic selling is just normal, some would lose money while some makes money, I think it's a normal thing.

milewilda

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-10k in price isnt something for people still on getting shocked on this one? If they have seen those past year experience about corrections like this then they wouldnt really be that on a panic
but instead on taking it as an opportunity to buy more cheap coins. Dumping reason is always a question in mind but no one knows actually on what happened because there are lots of several
factors that could really be driving off the entire market into reds and as an ordinary trader then you should really know on how to go with the flow or really knows on how
to take advantage on that situation.

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Quote from: Lorence.xD on February 24, 2021, 04:24:47 AM

Quote from: onecall123 on February 23, 2021, 11:05:27 AM

You can't expect green constantly without any correction. We have experienced exceptionally growth, and this is what to be happened. This is crypto do you don’t expect it only goes one way.

There is also some rumors at whalealert that there is a big transaction going on and the dump will soon be happening. I don't really mind this dump, in my opinion, this isn't enough because some people still find the current price for them to buy so they can hodl expensive, I want this dump to go lower because I have a silly theory that the lower it goes down, the higher it will spring back up.

Dump already happened, the whalealerts were right and we have seen those dumps, and we are back to going up again, that is the point here, we are doing better than ever, I do not think that we are going to end up losing much money during this period because the drop happened and it was a correction and we are in a recovery phase right now.

Great thing about bitcoin is that it is volatile and that is sometimes makes us feel bad when it goes down but when it wants to go up, it goes up very fast as well and helps us. So at the end of the day whales could sell all they want but they can sell just once, after they sell and out of bitcoin, it is our turn to keep buying and going up, whales do not have that much power, they just can shoot their shot once here, in fiat world they have unlimited tries to get it right because if they fail they just get bailed out.

Topic: Bitcoin is dumping, what's the possible reason? (Read 495 times)