Topic: Doesn't it teach, BTC Price will never go down if we won't force it to go down? (Read 292 times)

In the cryptocurrency market, as in any other market, its participants cannot agree to act in one direction, for example, not to sell cryptocurrency and thus create conditions for its further price growth. Here, everyone takes care of their profits and will take actions that they deem necessary to increase it. And it is hardly possible to implement such an idea in practice.

That is right. And that is very clear. The rough yet common sense computation is that Bitcoin's price is going to rise and rise. The remaining amount of Bitcoin that have yet to be mined is small compared to the circulating supply. The circulating supply is not even 100% circulating due to dormancy and strong-hand hodlers, even decreasing with losing Bitcoin. The adoption is rising at a fast pace. This all means rising demand and decreasing supply.

Yes. Those combined efforts had an impact on crypto market. A lot of people might not know this but there's always a lot of new users who have very little experience with this type of volatile and they won't hesitate to press the sell button once there's any sign of uncertainty in the markets. The only way for those to stop is for these negative news to stop coming and it won't stop because markets can't just continue going up steadily, it must either take a break or go down for some retracements. There are other factors that affect the market too not just negative PR and news.

I agree learning and experience is key when investing in Bitcoin, both of which can help us understand how Bitcoin works. By continuing to learn
about all things Bitcoin, it will increase our knowledge of how we should behave when facing a volatile market. Likewise, experience will make us
more mature in making decisions and can prevent us from repeating the same mistakes. A person will be easy to control their emotions, if they
have the knowledge and experience, because they already know how to behave.

Actually their is every tendency that bitcoin price will accelerate more than before because the movement in price is not constant, looking it's price differently it's very obvious that it has a ground than any other cryptocurrency compare to before, bitcoin has dominate everywhere but the problem is that government refused to give it hand or allow it free dominate,so I'm using this medium to recapitulate that anong every other cryptocurrency bitcoin has highest denominations.

Most people always think about a market that will continue to be in good shape. but forget that market demand is always changing. when the market goes down of course there will be a lot of people screaming and panicking. they are people who don't understand the crypto and bitcoin market yet.
but for those old players in the crypto market. must already know how the crypto market works. what are our attitudes and the strategy we have to do when bitcoin is bad?
all require learning and experience. for those who do not want to learn will definitely have difficulty.

We do have to realize Bitcoin will always go up and down over and over again, because Bitcoin moves based on supply and demand. So don't panic
or look for things to blame if the Bitcoin price suddenly drops, we must always be able to think positively when the market conditions are bad,
don't just think positively when the market goes up. If our mindset can change to be more positive, the Bitcoin support price should be much stronger
and not easy to fall. But I realize it is very difficult to change someone's mindset, it takes a long process. In the end I can only start with myself
and maybe the people closest to me to be able to control ourselves to think positively.

Almost all market participants have the same mentality, the more BTC drops, the more they dump and when the price goes up they buy again, you are right BTC never hours decrease if we all stay calm and never dump them.

Yeah, all those things do affect the market sometimes, although the problem I do have with some of those is that whenever the price goes down slightly, people are always looking for one thing or the other that they are going to blame for it as if the market was never meant to go down at some point. This is market, and one features of a market is that the prices of assets will always go up and down, and since Bitcoin is a volatile asset it’s going to be doing that a lot of times.

So, people acting like it is not something that was meant to happen really pisses me off, they act like it should only be increasing only, when they know that it should go both ways. There is time for everything.

Whales must be profitable from the price of Bitcoin, and we cannot stop their operations.
But there will be others who will invest in Bitcoin and profit from the price of Bitcoin. This statement is unrealistic.

For regulation news and fuds then it could give out neither some dumping situation or wont  really make any changes at all.The market might  be highly reactive to  fundamentals  but it isnt an assured thing to  happen.

It cant be forced unless if whales or big institutions would able to do so or if  there would be  some mass selling  then the probability is there.There's only 2 ways of movement neither  going up or down.

Thing here is that you do know on how play to with the market despite of its unpredictable behavior or movement.You should ride with the waves.

I think the term here is resiliency. Bitcoin has been resilient from this FUD, attacks, negative comments by some big hot shot wall street, billionaires and the usual perma-bears.

Nevertheless, the price will obviously affected, but short term only. And once everything has settled down, bitcoin will bounce back and achieved even higher gains or even new all time highs. The problem is that there are many who really panics with this negative news and started to sell pulling the price even further.

Decentralization was the promise of bitcoin but since everything is being jerked around as a form of speculation makes bitcoin more reflected by the influence of money flow and price manipulation.  Now, This is happening right now in the market, they try to put pressure on the price of bitcoin continuously.  Damn

people dont realise that there is a difference between value and price

imagine that in spring 2021 the VALUE was in the range of $21k-$32k  
and above that was just emotional speculative pump bubble excess
meaning for spring 2021:
value $26k average
price $64k ATL


so the $64k was never meant to be a stable sustainable price. it was always an over inflated price of value by atleast a 2x factor
and yes when emotion broke. the bubble burst and the price corrected back down to a more reasonable value level

the reason it didnt break down to $10k..(2020 numbers) is because VALUE increased since 2020

now that more people have sold their cheaper(under $20k in 2020) coins for the $30k+ level in 2021. there are more people with minimum acquisition value of $30k+ and less people with minimums below this
this creates more of a support at the $30k+ level.

and now as hashrate is rising the mining cost is also rising. which too means less people achieving coin below $30k.

this current $47k is a slight inflated bubble. but not as bad as the $64k
for $47k to lock in as good support would need hashrate to be 50% more than now. and for enough utxo to have been spend/exchange hands at this level to provide the new holders of the utxos' to deem their minimum as $47k

so this will take time.
but dont presume this $47k is already some fixed sustainable value. its not. its just a higher price than last month but not as bad inflation as spring 2021

Those things were a trigger for the price dump but not the cause. The cause was the lack of interest in buying Bitcoin. The bull run started on the hype of institutional adoption, but then all the news about another big company buying Bitcoin just stopped, and retail investors alone couldn't sustain the bullish momentum. So when the FUD started coming, traders started taking profits, because it's a safe thing to do.

Now the price failed to dive under $30k which is viewed as a sign that the market is still bullish, and earlier buyers are not selling yet because they want to see how far this can pump. If momentum will get lost again, the price will dump very quickly.

It's all just pure speculation of how far it will go before reaching top and crashing.

No one can really force it, only influence. Government regulation cannot be considered as a reason for forcing bitcoin price down even though it has the greatest effect on the price. For countries that are against bitcoin, the bitcoin entity itself is a threat regardless of its price.

Prices move naturally because people still have concerns about the unpredictable.

We are nearly there but yes, we are not yet immune from such influences. People like Elon Musk definitely has a great influence on the crypto market because he is also a supporter of crypto. He talks about this technology quite often and I have seen both praises and criticisms. So we are not immune yet, unfortunately!

Chinese Miners were another issue! Ideally if miners go out of mining, the price should increase because the supply is decreasing. That didn't happen recently. So we should not count Chinese miners for this recent drop in the market. At least it is not the only reason but may have cumulative effect.

I highly agree with your point.

What drives the price of BTC on the market is primarily the demand and supply of it and the price which people are willing to purchase it from. Obviously, when institutions sell majority of their BTCs, most likely is that price may increase. In addition, due to its inflationary nature, BTCs price will continue to increase as time passes by, but it is relatively complex and difficult to predict the market accurately.

One thing is for sure- after its next halving (maybe 3-4 years from now), the price of BTC would definitely increase again.

Whether the government fight against Bitcoin in order to reduce it impacts on traders and investors, Bitcoin will still attain the height that is required. I know that people's restrictions from using Bitcoin had really affected it price due to ban in countries like UK, China, Korea etc. reducing the input resources that would have pumped the price of Bitcoin increasing the market cap.

The market has started another bull run which we all had anticipated since it fall of Bitcoin. With the way I'm seeing the market, Bitcoin might reach $100k befall another dip. Although it's difficult to understand the market but their need to know how price moves in the market for proper risk taking.

Short bitcoin and you can practice how to force it to go down.

I am kidding because the good advice is "Short the bankers, Long Bitcoin". True Bitcoiners and Bitcoin Maximalist will tell you to Long Bitcoin.

Short Bitcoin is risky if you short in bull run because with Short squeeze, you will lose your money.

Pompliano's article Is A Short Squeeze Upon Us?