Just hold more and more bitcoin in your bitcoin
How do I do that?
Topic: btc dump today and yesterday - page 3. (Read 1007 times)
How do I do that?
what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers
Even crypto market getting wider but btc get dumping😅. A lot trader entered in crypto market. But I think those Who's are Opportunity seeker they r just selling their profit and wanna made an early profit. But it seems to be they r not seen the future of btc. Even coinbase news not seems any affect on market. Maybe btc will made an correction between 41.8k - 42k. If breakout fallen down then theirs a strong support in 35k.
I hope btc Won't breakdown 41.8k support zone🙂. After that new entry will be taken. And I hope so btc will around 70k +
I hope btc Won't breakdown 41.8k support zone🙂. After that new entry will be taken. And I hope so btc will around 70k +
Only the individual investors are selling their coins. Institutions are holding to their coins and some of them are making new purchases. When Tesla releases it's next statement, you will get to know how many coins they accumulated during February 2021. Obviously some of the individual investors are booking profit, but there are also a lot who are doing panic selling right now. I don't understand these people. Even after 12 years, don't they know that panic selling is the single most curse in Bitcoin sector?
Well perhaps Tesla is selling too? They want to make a $ profit from their BTC investment...
Only the individual investors are selling their coins. Institutions are holding to their coins and some of them are making new purchases. When Tesla releases it's next statement, you will get to know how many coins they accumulated during February 2021. Obviously some of the individual investors are booking profit, but there are also a lot who are doing panic selling right now. I don't understand these people. Even after 12 years, don't they know that panic selling is the single most curse in Bitcoin sector?
what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers
People taking a FIAT profit ,
because their is a fear (not unreasonable) that the price of bitcoin and crypto is about to tank.
So people not members of the bitcoin cult are cashing out.
Because at the end of the day, the majority of goods & service purchases are in fiat not cryptos.
I don't have the foggiest idea when you got into space however it is a typical rectification, until further notice, to build up another base for the impending run. In the event that you take a gander at where we are only 4 to 5 months prior and somebody referenced BTC will exchange at $46k you will bounce on that offer, the main thing presently is for $38k backing to hold since I have an inclination we will probably contact that zone. In the event that you are hoping to get the time has come to convey more capital into BTC on the grounds that I have an inclination the $72k territory is coming very soon.
What is happening to Bitcoin right now is not something to worry about, because Bitcoin corrections to $ 35k are still normal in my opinion.
Because it is impossible for Bitcoin price to be bullish throughout the year without correction, I admit that the current decline in Bitcoin prices is
quite deep compared to my previous predictions which may only be up to $ 45k. But today Bitcoin managed to drop to $ 44k, it looks like in
the next few days Bitcoin price will still fall again. But it's not possible to drop below $ 35k, because for this year Bitcoin's fundamentals are very strong.
Because it is impossible for Bitcoin price to be bullish throughout the year without correction, I admit that the current decline in Bitcoin prices is
quite deep compared to my previous predictions which may only be up to $ 45k. But today Bitcoin managed to drop to $ 44k, it looks like in
the next few days Bitcoin price will still fall again. But it's not possible to drop below $ 35k, because for this year Bitcoin's fundamentals are very strong.
No onw can exactly predicts what may happened tomorrow, for now this drop really affects the whole market.
There are investors who might be cutting their losses and waiting for another position. Strategy that may work if the current drop find another support level and start to biunce back. If you are a long term investors there's nothing to worry as history already shows that everything will be okay when the bull start to pumped back.
Bitcoin price is unpredictable so why this week we see also dumping of price not all the time the price will up because people also try to sell their bitcoin because maybe they need money or their target already reach but not good if you are selling your bitcoin because you panic which is wrong. But because is that your bitcoin is depends to you but you need to consider also that because of the dump it will happen also the pump because people buy it once the price is very low.
You can't go only up, even with Elon Musk and Jack pushing it up. There's always a need to release the steam a bit from that amazing race the bitcoin has taken in the last few months.
When you turn the price into USD and you'll see big variations in thousands it's scary but if you look at the percentage you'll see that it's almost nothing.
agree with what you said. Not only can it go up and up, there will definitely be some corrections even though Bitcoin is pumped up by some people such as Elon Musk and other influencers. People always want to go up and keep going up.When you turn the price into USD and you'll see big variations in thousands it's scary but if you look at the percentage you'll see that it's almost nothing.
Some people take advantage of each increase to cut their profits because they see the market is too bullish and the market will be saturated. This price reduction is quite normal. The decline in prices was also accompanied by several FUDs spread by influential figures such as Billgates who said that bitcoin was a threat to the earth and Warrnet Buffet said bitcoin would return to Zero.
What is happening to Bitcoin right now is not something to worry about, because Bitcoin corrections to $ 35k are still normal in my opinion.
Because it is impossible for Bitcoin price to be bullish throughout the year without correction, I admit that the current decline in Bitcoin prices is
quite deep compared to my previous predictions which may only be up to $ 45k. But today Bitcoin managed to drop to $ 44k, it looks like in
the next few days Bitcoin price will still fall again. But it's not possible to drop below $ 35k, because for this year Bitcoin's fundamentals are very strong.
Because it is impossible for Bitcoin price to be bullish throughout the year without correction, I admit that the current decline in Bitcoin prices is
quite deep compared to my previous predictions which may only be up to $ 45k. But today Bitcoin managed to drop to $ 44k, it looks like in
the next few days Bitcoin price will still fall again. But it's not possible to drop below $ 35k, because for this year Bitcoin's fundamentals are very strong.
Maybe the market is looking for some big good news but could not find it anywhere or maybe the market is just not interested with anything that can stop its sour mood...there were many times in the past that the market just go down for no reason at all. This is just another normal cycle with Bitcoin and though it can be alarming to see the value of the Bitcoin we are holding go down, we can continue holding into it or we temporary parked it on a stablecoin for some protection and then later on determine when is the best time to reenter the Bitcoin market.
Its a normal movement of Bitcoin and we should also prepare for this when we have seen a huge bullish move of BTC. There is no reason behind the drop its only a market correction phase and one should not be worried about this soon we will see another bull wave after this correction till then be patient.
It's expected. This coins are rising only when big money is coming in. I think it's not big dump actually. Let's wait and see what will happen when market become bear market.
There is nothing to wonder why we have this NORMAL kind of scenario, pumps and dumps have been here for so long, and most likely, it is not a thing to worried about coz it surely will come. If we saw the declines in the past next to Bullrun, still we can experience it this time but if we take a look at the chart, the market remains high. Not even to see huge correction unlike what we experience last 2017.
when the price of bitcoin drops there is a great opportunity to buy because bitcoin is slow or sooner the price will go up again, don't waste this opportunity to get big profits.
What you say is rational. But out of fear most people tend to do irrational things, they can't look far ahead. Imagine someone had invested a large part of his assets in Bitcoin and when the price is dropping that person feels like he's losing all of his money. So the logical thing to do is to prevent even more loss, not to invest in something that keeps dropping. When situations like this happen and there's a massive sell-off we can conclude only one thing: most people don't truly believe in Bitcoin. For it is a true nature that reveals itself in critical situations like this.
No investment tool ever goes up forever. currently the price is 47000 dollars. I think this is not a dump, just a small drop. bitcoin may still be in bull season.
Pretty nifty to try and count the dips and predict how many more you get before the top, but gotta be mindful that at least the last couple of swings upwards (and maybe the last one downward) were rather inorganic. Not saying they were all Musk-induced, but loathe as I am to say, there's got to be a fair bit of credit to him.
what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers
Market corrections are bound to happen during the bull market. This time around I think a lot of it had to do with Elon's dumbass saying he believed that both bitcoin and ethereum seemed "a bit high lol", they both dropped as well as recent negative press from Janet Yellen, Charlie Munger etc. market to keep rising, there has to be Buy every dip and watch the market closely. The market had a lot of correction recent vull market before it reached it's last ATH
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