Topic: Bitcoin is going down day after day right now (Read 488 times)
That is the sweetest part of the business, because Bitcoin price has no direction, but rather it goes up or down, which many investor's or cryptocurrency trader's make more money or losses as a future trading, in other words Bitcoin holders has nothing to loss, accept you sell at the dip, which most course by market panic, and as an investor have to control your emotion and also been patient is the major challenge or parity Bitcoin holders normal face.
From the end of January until mid April, it went from $15,000 to over $30,000. You have to expect a correction after that, and should not really question when it makes a correction that is only 20% of the total gains made over 3 months prior. Nothing is one green candle, not even Bitcoin. You should expect corrections after strong inclines. The contrary also applies, you can expect rebounds after strong declines (as long as the asset has a valid long-term outlook)
Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
In fact, we are in a sideway phase in bitcoin with extreme price patterns in Q2, in my opinion, because there are many things that are uncertain about the state of the world today, such as inflation, political tensions, uncertain recessions and many other crises in what are we experiencing now.From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
Bitcoin was snapped at 27k, it looks like bitcoin has no further downside potential for the near future.
This year will be good if you take the right bitcoin price, you doubt it just because the decline that occurred the previous day is a natural thing, maybe you can use the DCA strategy so that you have many options to choose the price of bitcoin in a certain month or week in this month, next month or beyond, bitcoin is headed for a halving that is still more than a year old, which is enough time for you to get started.
-snip-
Nevertheless, there's no need to panic if you will ask me because movements like this happen all the time. We've also seen Bitcoin going down more than 15% in just a single day, so I guess there's no need to worry about with this sudden downwards movement. You didn't see it coming? I guess you will already know what to expect in the future because this kind of movement will happen again any time soon.
It's best not to panic because movements like now are frequent. this is just an effect of the saturated market situation and needs some correction. Nevertheless, there's no need to panic if you will ask me because movements like this happen all the time. We've also seen Bitcoin going down more than 15% in just a single day, so I guess there's no need to worry about with this sudden downwards movement. You didn't see it coming? I guess you will already know what to expect in the future because this kind of movement will happen again any time soon.
down 15% in a day seems to be common, even in a day, it can also be more than the current incident.
Volatile movements and even increases can also be more than 15% if the market is in a bullish state.
The important thing is to be ready with spare funds and doesn't panic.
I think this thread would be great if on Speculation zone but here is my thought
The bitcoin is very high volatile asset I mean the altcoin is way way more high volatile you can gain more than 30% or more in a day on cryptocurrency world so it is possible to down 10% in a day. If you take a look at the coingecko bitcoin is down 60% from ATH huge right in stock market you might find this low a couple of yearly basis
The bitcoin is very high volatile asset I mean the altcoin is way way more high volatile you can gain more than 30% or more in a day on cryptocurrency world so it is possible to down 10% in a day. If you take a look at the coingecko bitcoin is down 60% from ATH huge right in stock market you might find this low a couple of yearly basis
Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
If you get scared, sell all your bitcoins and get out of the market. Bitcoin is only down 10% and you have started to get scared then it is best not to invest in bitcoin because this is a normal drop, nothing to worry about. I even expected bitcoin to drop 50% more not just 10%, 10%, which made me quite disappointed.
I think the price of bitcoin is running normally and with a decrease in my opinion this is a good thing because a decrease in the price of btc can be used as a golden opportunity for those interested in investing in btc, and I personally have continued to collect btc and buy btc with the dca system.
and keep in mind btc price drop is a good opportunity so this is a good moment to keep piling up btc.
and keep in mind btc price drop is a good opportunity so this is a good moment to keep piling up btc.
don't worry about the price of btc at that time, because bitcoin is lower than 27k this year already, this is a correction process, if you can still load your bag continue
beginners will be afraid when they see the market going down, that's normal. those who are already pros can take advantage of the moment of disembarkation to add to the load of their bags. but beginners will think several times to make a choice. because there is fear or trauma when buying at a time like this there will be a deeper decline. whereas a beginner is not much patient in the investment made.I do wonder what will happen to BTC's price when banks make it harder to buy it. Or when governments develop penalties for holders of BTC (under the excuse of money laundering, terrorism).
I tried to buy last week and the bank declined my payment. They already wish to sit down with me and discuss their garbage investments. I expect it won't be long before they demand justification, if I proceed with BTC investment.
don't worry about the price of btc at that time, because bitcoin is lower than 27k this year already, this is a correction process, if you can still load your bag continue
beginners will be afraid when they see the market going down, that's normal. those who are already pros can take advantage of the moment of disembarkation to add to the load of their bags. but beginners will think several times to make a choice. because there is fear or trauma when buying at a time like this there will be a deeper decline. whereas a beginner is not much patient in the investment made. 
don't worry about the price of btc at that time, because bitcoin is lower than 27k this year already, this is a correction process, if you can still load your bag continue
bitcoin price is currently experiencing a decline.
which of course there are many reasons to make the price of btc go down, including because many people are taking advantage of their investments, such as those who buy btc under $ 20k and so on.
but this is something normal and I personally am not disappointed with what is happening in the market regarding the price of btc. let alone the bitcoin halving is coming soon.
which of course there are many reasons to make the price of btc go down, including because many people are taking advantage of their investments, such as those who buy btc under $ 20k and so on.
but this is something normal and I personally am not disappointed with what is happening in the market regarding the price of btc. let alone the bitcoin halving is coming soon.
It's nothing to be worried about OP, prices go down from time to time so this isn't anything different, in fact shouldn't you be happy especially if you want to buy more bitcoin at a much lower price? I only see the positive side in all of this and it's not forever that bitcoin will be on the dumps, just wait it out OP.
Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
There was no such news that could affect the price, what I think is, it's some sort of cooking, because most of the analysts have said, "BTC will reach $40k in May" If that's the case then it's not wrong to say, BTC is cooking and ready to shoot up. Even, you may have heard the news, of Whales accumulating BTC, This indicates, the market is still in buying positioning and whales have some plans to get profits out of it.Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
TBH, I also thought if the market close above $28k the previous week then we might see some pump in this week but things are still the same as the previous week, what I think is, we may see some good entry points in this week and by start or mid of May we may book some good profits. But that's just speculation, so we all should do our own research.
I think it's funny how I see so many people on here making threads and so many articles on the internet of people saying Bitcoin has stalled.
"Bitcoin going down day after day" lol. As if this isn't completely normal.
Remember like 6 weeks ago when Bitcoin dropped from like $25k to $19k??? haha.
People suddenly freaked out at normal price action the likes of which has already happened several times the past few months. Like suddenly people expect Bitcoin to just go straight up forever. I'm so confused why people are so worried right now at this normal price action.
"Bitcoin going down day after day" lol. As if this isn't completely normal.
Remember like 6 weeks ago when Bitcoin dropped from like $25k to $19k??? haha.
People suddenly freaked out at normal price action the likes of which has already happened several times the past few months. Like suddenly people expect Bitcoin to just go straight up forever. I'm so confused why people are so worried right now at this normal price action.
Agreed that this is normal for cryptocurrency like bitcoin since these are volatile by nature. And its volatility does not guarantee into where its price would go. I think their lack of knowledge with the historical price movements leads them to be worried on these kinds of situations. They just tend to see the market into a limited timeframe, whereas they do not really analyze the bigger picture that incorporates the historical movement of a crypto.
I think it's funny how I see so many people on here making threads and so many articles on the internet of people saying Bitcoin has stalled.
"Bitcoin going down day after day" lol. As if this isn't completely normal.
Remember like 6 weeks ago when Bitcoin dropped from like $25k to $19k??? haha.
People suddenly freaked out at normal price action the likes of which has already happened several times the past few months. Like suddenly people expect Bitcoin to just go straight up forever. I'm so confused why people are so worried right now at this normal price action.
"Bitcoin going down day after day" lol. As if this isn't completely normal.
Remember like 6 weeks ago when Bitcoin dropped from like $25k to $19k??? haha.
People suddenly freaked out at normal price action the likes of which has already happened several times the past few months. Like suddenly people expect Bitcoin to just go straight up forever. I'm so confused why people are so worried right now at this normal price action.
indeed, if you see that the market price of btc is decreasing, but this is a normal and normal thing, and it is certain that people who have a weak mentality and are beginners in btc will usually panic, and continue to sell their btc,
and I see this is just an ordinary correction because the nature of crypto is like that, which is always fluctuating.
and in my opinion after this decline the price of btc will go back up and could even potentially be higher.
and I see this is just an ordinary correction because the nature of crypto is like that, which is always fluctuating.
and in my opinion after this decline the price of btc will go back up and could even potentially be higher.
Would you personally accumulate BTC right now or would you wait?
The thing is I don't know which actions are driving the price.
Blackrock, the world's richest investors group, has invested in BTC around the 20k level if I recall it correctly
Having more spare money can do BTC accumulation and or can wait for some better prices while monitoring the market situation. The thing is I don't know which actions are driving the price.
Blackrock, the world's richest investors group, has invested in BTC around the 20k level if I recall it correctly
and for which actions will push the price I think all actions will have an influence that is important you stick to the technical analysis that you do.
This is only a fundamental influence and still, analysis needs to be done to know where the market is going.
If Blackrock enters at the 20k level, you certainly have to be around it and there are still many who enter at levels below $20k.
-snip-
Nevertheless, there's no need to panic if you will ask me because movements like this happen all the time. We've also seen Bitcoin going down more than 15% in just a single day, so I guess there's no need to worry about with this sudden downwards movement. You didn't see it coming? I guess you will already know what to expect in the future because this kind of movement will happen again any time soon.
It's best not to panic because movements like now are frequent. this is just an effect of the saturated market situation and needs some correction. Nevertheless, there's no need to panic if you will ask me because movements like this happen all the time. We've also seen Bitcoin going down more than 15% in just a single day, so I guess there's no need to worry about with this sudden downwards movement. You didn't see it coming? I guess you will already know what to expect in the future because this kind of movement will happen again any time soon.
down 15% in a day seems to be common, even in a day, it can also be more than the current incident.
Volatile movements and even increases can also be more than 15% if the market is in a bullish state.
The important thing is to be ready with spare funds and doesn't panic.
Everything is going well. Just look at the big picture.
Bitcoin continues to hold above ATH from the previous cycle and above the 200WMA. It has recovered from the bear market bottom, that was really low this year thanks to one of the biggest exchanges turning out to be a scam. By crossing above 23k this year we've made it over the level considered to be the mining profitability threshold and also solidified a position above the old ATH of 20k. Both these things are bullish and show that the bear market is over.
Some people think we are in a bear market but we aren't! Bear market is characterized by regular lower lows, like in 2022, but since the breakout in January we're getting higher lows, and as long as this correction doesn't take us below 20k, we're going to get another higher low.
What to expect? Probably that bitcoin will stay between 20 and 30k for a while and end up breaking above 31k later this year. When will it happen will depend on many factors but I expect to see 35k by the end of the year and at least 50k before the halving.
Bitcoin continues to hold above ATH from the previous cycle and above the 200WMA. It has recovered from the bear market bottom, that was really low this year thanks to one of the biggest exchanges turning out to be a scam. By crossing above 23k this year we've made it over the level considered to be the mining profitability threshold and also solidified a position above the old ATH of 20k. Both these things are bullish and show that the bear market is over.
Some people think we are in a bear market but we aren't! Bear market is characterized by regular lower lows, like in 2022, but since the breakout in January we're getting higher lows, and as long as this correction doesn't take us below 20k, we're going to get another higher low.
What to expect? Probably that bitcoin will stay between 20 and 30k for a while and end up breaking above 31k later this year. When will it happen will depend on many factors but I expect to see 35k by the end of the year and at least 50k before the halving.
Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
have you ever observed and followed the price of bitcoin before it reached 30k $?. this is what is called market fluctuation, but those of you who feel that you have a lack of estimated value in your investment, don't worry, I'm sure the estimate that you will get in the future will be even greater when the bitcoin price approaches 70k $, we all hope that there will be a fantastic price that might be got bitcoin this year.
We all expected to see something better in 2023 in the Bitcoin market. And everything was going according to our expectations. Since the beginning of 2023, we have seen the Bitcoin market gradually increasing.
In these three to four months, the Bitcoin market has grown a lot. But recently it appears that the Bitcoin market is going down a bit.
The price of Bitcoin went from $30Kto $27K in a span of few days. But I'm not disappointed yet because I know it's the market rule that the price of bitcoin will go up and down a bit. I believe Bitcoin price will rise again in few days.
In these three to four months, the Bitcoin market has grown a lot. But recently it appears that the Bitcoin market is going down a bit.
The price of Bitcoin went from $30Kto $27K in a span of few days. But I'm not disappointed yet because I know it's the market rule that the price of bitcoin will go up and down a bit. I believe Bitcoin price will rise again in few days.
Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
From around 30K to around 27K.
Do you guys think it will turn the other way soon and go straight up again or will it keep going down?
I thinked this year would be a good BTC year and i still think it will be! But I did not see this coming to be honest.
I agree with my analysis if the price value of bitcoin will fall maybe it will reach 25k$ plus and I also think that at this value the price of Bitcoin will bounce and it will increase again little by little in the market .
That's why what is happening now in the market is just a normal behavior in the market, in fact there is nothing to be afraid of.
It's just that what's still important is the one who accumulates bitcoin little by little and it's good to do it continuously until the bull run season happens here in the world we live in.
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