This is bitcoin after all, sometimes it goes up (we have all seen it when it went up to 20k and also recently in 2019 when it went from 3k to 13k) but sometimes it goes down (same with 20k going to 3k and 13k going to under 8k now), so we should not be really looking for reasons.
I don't understand the logic when people try to find a reason for bitcoin to go down other than people literally sold bitcoin, that is the only reason we need, when people sell bitcoins the price goes down, if more bitcoins bought than sold than it goes up. That is how the market works and it has always worked that way as well. If you want to find a reason that nobody has figured out and say "this is why bitcoin went down" and be known as the person who figured it all out than go ahead but you will always fail.
Topic: Falling of crypto prices - page 3. (Read 814 times)
This recent slide in the price of Bitcoin is just one of the many occurrences with this cryptocurrency, that is if we have to study its 10-year history. Bitcoin students are certain that this is just another volatile days for Bitcoin and that soon things can be on reverse once again. Personally, I don't care about what can be the real reasons behind this slump because soon this will eventually be forgotten and people will be concerned with other things related to cryptocurrency or otherwise. I also believe that in every dip, there is the best opportunity to buy and hold more. So guys, what are we waiting for...lightning?
This crash came together with a hashrate drop.
Probably the hashrate drop came some hours before the crash. What does this means? It means the miners turned off their engines, like they did in November 2018. But at that time, bitcoin took two weeks to dive to 3k. Now it took just some hours.
The chart below shows similarities between the two crashes:
If it had fallen to $3400 in a matter of 9 months, now it could fall to the double of this value in 1/3 of this time. The bottom remains as $6800, after a mini-bull market of 3 months. I dont believe the price can drop any further.
Was the price manipulated? Yes, and I believe the miners are doing it, for the sake of distribution of new minted coins. Bitcoin is still in a mixed period of distribution and accumulation. Remember that the ATH of 2013 was reached in 2016, so the ATH of 2017 might be reached only in 2020. We could only hope it would be achieved this year, but bitcoin have sudden drops and fast rises. Also I dont discard a connection between miners, whales and futures speculation.
You will have to be patient and wait at least two years to see some profit. Dont buy into bear trolling. These guys hate bitcoin and are here only for fiat cash.
Probably the hashrate drop came some hours before the crash. What does this means? It means the miners turned off their engines, like they did in November 2018. But at that time, bitcoin took two weeks to dive to 3k. Now it took just some hours.
The chart below shows similarities between the two crashes:
If it had fallen to $3400 in a matter of 9 months, now it could fall to the double of this value in 1/3 of this time. The bottom remains as $6800, after a mini-bull market of 3 months. I dont believe the price can drop any further.
Was the price manipulated? Yes, and I believe the miners are doing it, for the sake of distribution of new minted coins. Bitcoin is still in a mixed period of distribution and accumulation. Remember that the ATH of 2013 was reached in 2016, so the ATH of 2017 might be reached only in 2020. We could only hope it would be achieved this year, but bitcoin have sudden drops and fast rises. Also I dont discard a connection between miners, whales and futures speculation.
You will have to be patient and wait at least two years to see some profit. Dont buy into bear trolling. These guys hate bitcoin and are here only for fiat cash.
This recent slide in the price of Bitcoin is just one of the many occurrences with this cryptocurrency, that is if we have to study its 10-year history. Bitcoin students are certain that this is just another volatile days for Bitcoin and that soon things can be on reverse once again. Personally, I don't care about what can be the real reasons behind this slump because soon this will eventually be forgotten and people will be concerned with other things related to cryptocurrency or otherwise. I also believe that in every dip, there is the best opportunity to buy and hold more. So guys, what are we waiting for...lightning?
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
I do not believe for anything like a bear trap. If you are a trader, then you should look for the signals thorough charts. Those person who are expert in Technical analysis can very well predict the market next moves.
Most says that the market situation right now is caused by the launching of BAKKT, well noticeably bitcoin drops after it is launched well it is because of the people that hyped and expected high with BAKKT. Falling of crypto prices these days are not really surprising as it always happen, market is speculative so why wonder if the prices drops? I also think this dive is a trap by whales, who knows?
Well, bakkt might be the reason for all of this dump but I could be wrong since it might be a coincidence also. Dropping of hashrate before bakkt was going to launch, these two were coincidentally happens right after someone speculated a rise of the Bitcoin price yet it goes the other way around. 
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
This sort of rumors are what causes panic in cryptocurrency . There is even no official link to any website that state so or carried such news.
Moreover, if anyone trade their BTC which happens to be much in number, its not necessary suppose to cause panic. Bitcoin are meant to be owned, transact, used or spend. No one has the right to tell anyone how to spend their coins because of the fear of price decrease.
The speculation of price is only depends in market you also see that in market the a lot of tokens prices increases or decreases regularly that does not create any effect to fall down the price of BTC & other alt coins if you compare the value of BTC in one or two year later then you see that the value of BTC increases as a amount of time.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
Much also depends on your timeframe. If you are talking about weeks or months vs years, your perspective will be different. Anyone who is buying/selling with the week or month perspective will probably be disappointed at some point.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
Did you ever found out why BTC skyrocketed to 19k suddenly in a span of two months? Did you ever found out that why btc dipped all the way down to 3k even after touching 19k? No one knows the answer what i can feel and sense is pure manipulation of market and nothing else. Whatever people may say that SEC decision to delay futures might have caused the problem. The technicals clearly show that an unhealthy bear move has just started and let's see where does it takes us.
More specifically no one knows what is the reason for falling prices but I think no one cares about the reason, for every one reason could be different. But I would say people are afraid to hold above 10k so they keep on selling every time it goes there and now they sell a lot to bring it down. It is cheap and now more people will buy it.
Whenever the price of Bitcoin is tanking, people naturally are looking for anything they can ascribe the dip and this time around it is the same thing. People are fond of speculating so anything they can find that can fit the bill will be use as the reason. Now, whether that transfer did cause this dip to me it does not matter because it is just a normal transaction. Bitcoin is volatile cryptocurrency and not a stable coin therefore we should be expecting something like this. Now, having said that, we should remember that Bitcoin had been proclaimed dead many times over but all the time the King of Cryptos always came back and resurrected.
I read that too. This is nothing but speculation, if people want to sell all their bitcoin holdings, that is fine, it's their money and they should not be stop from doing so. We will be glad to buying cheap too. One thing is sure, bitcoin is the future the earlier we believe that the better it quenches our fear of falling prices.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
Well, while whales are known for market manipulation, that doesn't mean that investors need to fall for it. People should have learned a long time ago that you need to be patient with crypto, and often wait for years to get the right opportunity. HODLing is the answer for BTC.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
May be yes, may be not... These two events may be related or may be really separate processes. But what I would like to admit - the price will be always falling up and down. It is the rule of the every type of market, and cryptocurrency and Bitcoin itself are not the exception. So what we have is just to keep in mind this and be attentive to all the changes in order to react in time.
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
When the Bitcoin price starts to go back, everyone suddenly starts to bring out bad rumors. When it starts to rise, everyone presents their new predictions. We're used to it now. Calm down. Bitcoin will rise again!
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
Most likely, they are now trying to earn on new traders by artificially lowering the price so that newcomers sell their bitcoins at a low price, and other experienced traders make a profit.
Even if those 2 events are related and a billion dollars of BTC are being sold right now causing this price drop, in the long term this is great:
100,000 BTC are being sold to all the bitcoiners that are buying and dollar cost averaging this dip.
Money goes from weak hands (or hands that have way more than that and are just offsetting risk, who cares anyway) to stronger hands.
100,000 BTC are being sold to all the bitcoiners that are buying and dollar cost averaging this dip.
Money goes from weak hands (or hands that have way more than that and are just offsetting risk, who cares anyway) to stronger hands.
There is no reason to believe that the two events are related. People like to speculate about all kinds of things.
yeah they do always want to talk on what will happen when no one really knows what will happen to the price, huge transaction can give huge effect on bitcoin that is right but always remember that in every transaction consist of "buyer" and "seller" and not only seller. 
I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
Take a look at a 5 year chart.
Last time i posted pictures on here the imageserver got outruled by some moderator fuck!
The bitcoin scene is doomed to selfdestruct. It's all in the run up.
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