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
Topic: btc dump today and yesterday - page 4. (Read 1017 times)
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
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
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
I think there were seven 14-35% "dips" before the final crash in 2017.
Here is an image of the 2017 Bitcoin bubble before reaching the top.
Probably it will be something like this again in 2021. Time will tell.
https://ibb.co/q9vmnsZ
Here is an image of the 2017 Bitcoin bubble before reaching the top.
Probably it will be something like this again in 2021. Time will tell.
https://ibb.co/q9vmnsZ
here the picture in direct view. and yes, these charts are currently very strong across all media. somehow we are no longer impressed by the drops and are seeing even higher prices at the moment. So trust in bitcoin is stronger than ever. a strong bullish sign.
i hear that many see the months of february and march as a correction. partly i think so, but we should include the development of corona and when the easing starts, i see an upswing here.
We already dumped few days ago before that and based on the chart at that time, there is a dump to happen again which is yesterday. Correction is normal and healthy for bitcoin because some people also want to take profit. You would not want to invest on something if you can't get anything from it. Bitcoin is stable now and some alts have started pumping so I think bitcoin will reach $50k again soon.
I think there were seven 14-35% "dips" before the final crash in 2017.
Here is an image of the 2017 Bitcoin bubble before reaching the top.
Probably it will be something like this again in 2021. Time will tell.
https://ibb.co/q9vmnsZ
Here is an image of the 2017 Bitcoin bubble before reaching the top.
Probably it will be something like this again in 2021. Time will tell.
https://ibb.co/q9vmnsZ
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
The only "reason" is that people are cashing out on their profit.
Weak hands selling off is one of the main factor on the multiple dump since yesterday. Since coinbase news didn't fully stop the bears yesterday, Weak hands are now selling in able to exit with profit before there position got loss if the long bearish season occur. Most of this sellers are those swing trader that bought when coinbase news released.
What coinbase news are you talking about? hero member
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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.
Yes, it is. But most people will panic and do fast selling off their bitcoin and do not see the opportunity to buy bitcoin at a low price. When the price is back to rise, they realize that it is too late to buy back at a low price and they should accept the current price if they want to buy bitcoin. The dump of bitcoin price will always happen, but if we can anticipate the dump, we will not panic and we can use that time to buy more bitcoin at a low price. Behind the dump will always a pump that will come.
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
This is normal, you cannot expect it to rise up. It will go down also, people are booking profits now. Bitcoin needs to go through correction if you want it to go up again and creat a new ATH. There is nothing to panic, I am also expecting a major correction. Bitcoin needs to find a strong price support. So far it is getting it at 46k.
It is actually a good thing that the prices are going down, everyone can buy more bitcoin at an affordable prices. I agree that it needs to find a strong support but I don't think that we shouldn't worry about it, companies are getting in good terms with bitcoin and this dump won't last forever, the prices will spring back up higher than ever before, we just don't know when will it happen.
The market continues just as it started the week. We started with red on Monday and we're still going red. Bitcoin is now at 47k levels. I think it will reach 52k levels with a small increase on Monday.
This is normal, you cannot expect it to rise up. It will go down also, people are booking profits now. Bitcoin needs to go through correction if you want it to go up again and creat a new ATH. There is nothing to panic, I am also expecting a major correction. Bitcoin needs to find a strong price support. So far it is getting it at 46k.
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.
For me its good news....
I still have some money to load and wait for the best time to buy.
I still have some money to load and wait for the best time to buy.
C/P
Bitcoin has the media’s attention, money printer is about to go brrr like crazy, institutions are watching other institutions go in BTC and are on the fence of when to do so themselves, Coinbase goes public, Canada opens a BTC ETF, Micro Strategy and Square put even more money into BTC, and everyone’s all doom and gloom here because we’ve sideways for a bit lmfao c’mon guys to me this seems like the perfect storm, just give it time
Bitcoin has the media’s attention, money printer is about to go brrr like crazy, institutions are watching other institutions go in BTC and are on the fence of when to do so themselves, Coinbase goes public, Canada opens a BTC ETF, Micro Strategy and Square put even more money into BTC, and everyone’s all doom and gloom here because we’ve sideways for a bit lmfao c’mon guys to me this seems like the perfect storm, just give it time
Markets move in cycles and this is a normal correction.
We've seen numerous scenarios like this back in the past. When we are in a bull run, there are times that we are experiencing drops of ~20% or even more before it goes higher. There is no sign of a trend reversal still so we are still in a bull run.
We've seen numerous scenarios like this back in the past. When we are in a bull run, there are times that we are experiencing drops of ~20% or even more before it goes higher. There is no sign of a trend reversal still so we are still in a bull run.
I think, this is just normal correction and good time to buy before bitcoin and other cryptocurrency will bounce back again. Maybe many people sold their tokens which caused a sudden drop but still far from what happened last 2017. I think not only the weak hand who adding up to the massive sell off but also those who are in need that rush to sell their tokens. This dump is what traders want because they can make profit out of this.
those who had been waiting for a chance to sell out since December are now taking the advantage , and selling all their stuffs and wait for another dump.though there are many that afraid to sell because of the chances that they will left behind when the price starts to spike again.
But i'm lucky enough to get the right timing of buying and selling and now I am once again keeping the hold .
If this would take a months or years? i am already at set.
Why did all you guys worry about the correction? That is normal for the bitcoin or in the crypto market in general to have a volatile price.
In fact, if we will check the graph of the price this year over last year, we are still on the bullish trend, don't cry if that is dropped for a while because it will I guess refuel again to become skyrocketing in the next month and who knows that will happen.
Crypto price is unpredictable, if you don't know how bitcoin and crypto will work, don't put all your money there because you will I guess regret in the future when there is a dump and will result in panic selling, which is commonly experienced by most weak hand holder.
In fact, if we will check the graph of the price this year over last year, we are still on the bullish trend, don't cry if that is dropped for a while because it will I guess refuel again to become skyrocketing in the next month and who knows that will happen.
Crypto price is unpredictable, if you don't know how bitcoin and crypto will work, don't put all your money there because you will I guess regret in the future when there is a dump and will result in panic selling, which is commonly experienced by most weak hand holder.
I think those who are asking this kind of situation are new to crypto. If you have been here long enough, you very well know that there will be up and down movement in this market. It is not always going up or going down. So what the OP is seeing is just normal in btc market. But you can't deny the fact, that some of these people are already in panic mode especially those who bought their first satoshis above 45k level.
Why did all you guys worry about the correction? That is normal for the bitcoin or in the crypto market in general to have a volatile price.
In fact, if we will check the graph of the price this year over last year, we are still on the bullish trend, don't cry if that is dropped for a while because it will I guess refuel again to become skyrocketing in the next month and who knows that will happen.
Crypto price is unpredictable, if you don't know how bitcoin and crypto will work, don't put all your money there because you will I guess regret in the future when there is a dump and will result in panic selling, which is commonly experienced by most weak hand holder.
In fact, if we will check the graph of the price this year over last year, we are still on the bullish trend, don't cry if that is dropped for a while because it will I guess refuel again to become skyrocketing in the next month and who knows that will happen.
Crypto price is unpredictable, if you don't know how bitcoin and crypto will work, don't put all your money there because you will I guess regret in the future when there is a dump and will result in panic selling, which is commonly experienced by most weak hand holder.
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
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