Bitcoin is going down day after day right now - page 3.

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legendary

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It all depends on the angle of observation. That should be looked at based on the type of investment that each person has for himself.
On March 10th, Bitcoin was worth under $20k, since then it has gone up almost every day. Now it is coming back a little, but it is still not even close to this year's minimum.

I would say that everything takes place in cycles, so whenever you have a sudden jump up, after some period there must be a correction and a fall. The same is true in the opposite case.
There is nothing to worry about here, for example, and for those of us who want more Bitcoins in our portfolio, a drop in value is certainly a good thing. Wink

WeThePe0ple

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Quote from: darkv0rt3x on April 22, 2023, 11:38:07 AM

That's the way life is. Don't worry, on't look at te price constantly. Buy Bitcoin and let it be. Buy again and let it be. DCA an you'll be fine. That stress of looking at the price constantly is for shitcoins and trading and etc. That will make you older by the day! lol

I like that way of looking at it. But I'm looking for the best point of action to buy. I waited after FTX, hoping to get from 15k to 10k (euros). Now we're nearly twice the price. I don't want to make the same mistake again

bosede1

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From the record bitcoin has been lower than 27k this year, so for someone who bought at that cheaper price then there is nothing to fear to keep holding till you accomplish your investment goal

Mate2237

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Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

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.

You are part of the system now so you can make the prediction too. The going down of bitcoin is a normal thing, for those who understand it have nothing to worry about the decline. Why do you even asked whether Bitcoin will still go up, or are you doubting bitcoin? To cap it all, Bitcoin will rise again even before the year will end.

There was a prediction by bitcoin market price experts also here in the forum that bitcoin would climb to 30$ and we have seen it. As it is going down, it also helps the new buyers in the market.

serjent05

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Quote from: borovichok on April 22, 2023, 02:33:27 PM

Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

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.

Price tags for bitcoin $27k is recognized for its persistent oscillations, although some traders zooming it to be a touchdown of breakdown. I believe, however, that it is unquestionably getting ready for a bull pump. Bitcoin has a 50/50 probability of making a retest and pumping or of continuing to decline. Perhaps the chart will show an Impulse, correction, and continuance of the Falcon idea. Bitcoin is declining, making it a favorable time to begin a short position. Scalpers benefit from bitcoin, thus it's critical to keep track of the bitcoin chart and understand when to purchase and sell during a bull or bear market.

That 50/50 reminds me of the possible sideway movement of BTC in the range of $27k - $30k. The current drop is too much for a correction, I believe someone just dumps their stash to take profit and hopes for the Bitcoin price to drop more in order to reenter the market. This also indicates that the market is yet to enter its bullish phase, probably we still need to wait some more months for that bullish market mode.

Myleschetty

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Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.

Why don't you take advantage of the market going downtrend since you notice it will always go down in 10% instead of you worry yourself about the dump in price that will only strengthen the market?

Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

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.

It not yet the time for the market to start a total bullish market and until it total bullish season. The market will continue it roller-coaster movement.

Husires

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Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.

Bitcoin does not need a reason to happen such as a correction, but rather it is natural, especially as it is within the space of the support and the constructive represented by a summit at 32K as a higher and 26K dollars as a lower, so the prices will move in this range and you will not need a reason to say why this price moves in this range.

borovichok

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Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

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.

Price tags for bitcoin $27k is recognized for its persistent oscillations, although some traders zooming it to be a touchdown of breakdown. I believe, however, that it is unquestionably getting ready for a bull pump. Bitcoin has a 50/50 probability of making a retest and pumping or of continuing to decline. Perhaps the chart will show an Impulse, correction, and continuance of the Falcon idea. Bitcoin is declining, making it a favorable time to begin a short position. Scalpers benefit from bitcoin, thus it's critical to keep track of the bitcoin chart and understand when to purchase and sell during a bull or bear market.

lionheart78

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It is possible that some people are cashing out. This is one possible reason I can see why Bitcoin price retrace back to sub $28k. It is also possible to think that the current price increase is a bull trap. These are some reason I can think why Bitcoin price after its surge drop back to 10%.

Quote

Do you guys think it will turn the other way soon and go straight up again or will it keep going down?

There is no news that can give us a hint whether it will go up or down but if the sentiments of Bitcoin market continue to be negative then it is possible that it will go down a bit more but obviously if the sentiment bulish then price will recover. It is a matter of the next sentiment of the Bitcoin market whether price of Bitcoin will go up or down.

acroman08

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Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.

personally, I can't really give a definitive answer to this question, but if you are really curious, there are articles that have been posted online these past few days regarding as to why or what could be the reason why Bitcoin's price is dropping.

Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

Do you guys think it will turn the other way soon and go straight up again or will it keep going down?

maybe yes, maybe no, nobody really knows. people that will say yes are just speculating.

bittraffic

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It's about to go up again by next week or the next, this will be quick so before it start try to grab a few sats at least if you are DCAing. I could be wrong but this downtrend is like a small dip for the investor's window to come and buy more.

Assuming the price will dip a bit deeper to $26k but it will also bounce back to more than $32k after it. The continuous rise of BTC is not a long green candle because this $30k is a resistance line.

Woodie

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It's difficult to pinpoint what exactly is affecting crypto, but a few weeks back I saw some clip on Twitter that involved the classification of Ethereum/bitcoin when Gary Gensler the SEC Chair was quizzed over classing these assets which he failed to give a definitive answer and this might have sparked the uncertainty....

But at this point its funny how external factors keep dictating how cryptos behave when we all claim cryptocurrencies are decentralized... Tbh am having my doubts now...

Hispo

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This thread would fit better in the speculation section, to be honest.
In my personal point of view (this is not financial advice, by the way), this is going to be a good year for Bitcoin, but the previous increases of price in the past month until reaching the 30k$ mark, were too sudden for the expectation most of the traders have on the price of Bitcoin by December.

They may feel bullish in the long term but in the short term they felt Bitcoin was over-valued, so they started to sell their positions, hoping to pocket even more Satoshis and harden their bullish positions after they find a new strong support.

This is the nature of the market OP, do not feel discouraged about it, we all know this is how volatility works. If you feel your holdings are changing more than you would like them to, then you may be over-invested.

Aikidoka

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Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

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 think that's normal. The correction of BTC price is really normal and most people are aware of it. However, I don't believe that Bitcoin's price will decrease a lot, the lowest it may go down to is around 25k.

Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

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.

Yeah, definitely. It would turn the other way soon probably in couple of week , and Bitcoin will reach 30k again. I believe that Bitcoin's price will continue to rise, and we may see a new peak by the end of the year, this year looks promising for Bitcoin imo.

DiMarxist

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That is the way the market is, the price of bitcoin market is rising and falling, if you want invest, invest and hold in long-term, .rom the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits. So don't worry about the decreasing of bitcoin, and if you buy it for now and when the price goes up then you will make your profit. To buy bitcoin in this time is good, don't mind the price decrease that is normal, this will give us a large range to accumulate some people holdings and when the market start going up we can gradually generating profits from the market.

JamesBorn

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OP, the only option I see is to keep watching the price while holding, I don't think anybody has actual fact about the price dropping or going up, unlike forex analyst they can be accurate in most cases because they've studied the relatives movement and strength but in bitcoin no such clue since everyone thinks bitcoin grows as more buys is encourage by investment and a good and campaign by country's policies but for now just keep holding and trust bitcoin will do great. Remember there is fast changes in price already since Match.

Casdinyard

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A couple of reasons.

People are seeing how flimsy the 31k mark of bitcoin at this early in the year. There are no good reasons for bitcoin to rise in that valuation, so people are cashing out before they suffer the losses.
Bitcoin not being able to support itself. As it stands today, bitcoin still is pretty much bearish, with no clear indication of it going bull, a couple of pumps may come before we really hit a consistent value increase, but until then we can't be so sure of bitcoin.

There are a couple more reasons why bitcoin couldn't get out of its 30k prison, but with the halving coming just around the corner, we can say for sure that we'd only have a couple months left to suffer before we get the big breads.

darkv0rt3x

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That's the way life is. Don't worry, on't look at te price constatly. Buy Bitcoin and let it be. Buy again and let it be. DCA an you'll be fine. That stress of looking at the price constantly is for shitcoins and tranding and etc. That will make you older by the day! lol

Nwada001

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I don't really know if there are other things contributing to the price dump; all I know is that it all started when the Fed started liquidating part of the 50,000 BTC recovered from the hackers, which was discovered recently and jailed for a year and a day.

I think if the Fed stops the selling or when they are done with their dumping, the BTC price will gradually correct itself, and this time it might even bounce back so strongly that it surpasses where it was before all this started.
If the selling continues, we might even see prices below $25k in the coming days.

Oshosondy

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Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

Why is BTC going down like it does the last days? Straight down.. Down around 10% (?)
From around 30K to around 27K.

Bitcoin even increased above $31000.

Even during the bull run days, you can see bitcoin fall and rise but rise more than the fall. I am not saying you should be expecting that for now.

Bitcoin was below $17000 when this year started and yet $10000 more till now, it is still not bad.

Quote from: CYBER_COWBOY on April 22, 2023, 11:21:42 AM

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.

Nobody knows if bitcoin will rise or fall, but if you are holding, you can continue to hold because all-time-high is coming probably before next 2 or 3 years.

Like I said, bitcoin was below $17000 in the begging of this year, now still at $27000, it is still not negative.

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