Topic: Falling of crypto prices - page 4. (Read 842 times)
I don't know what is the cause of this crypto prices but I guess this could be the work of bear market. If it is just a transfer of bitcoin from one exchange to another, it's fine. This thing is happening not just this time. Especially when there is somebody that is arbittrading.
I didn't hear about this case actually, could you provide us with a link or an attachement to have a good read about the subject?
The case happened when i was at HuobiGlobal watching ETH price and then, i've seen it turn into bloody red, lol it was like a nightmare. I heard that the dump happened because of Fuds and somehow the no-fomo. Peoples are greedy sometimes, they have the fear and that's why they lose. I suspect that this dump took place because of the fear, btc still and will always remain a good and a valuable technologie, peoples will buy it later, lol.
The case happened when i was at HuobiGlobal watching ETH price and then, i've seen it turn into bloody red, lol it was like a nightmare. I heard that the dump happened because of Fuds and somehow the no-fomo. Peoples are greedy sometimes, they have the fear and that's why they lose. I suspect that this dump took place because of the fear, btc still and will always remain a good and a valuable technologie, peoples will buy it later, lol.
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?
You mean moving billions of dollar worth of bitcoin? That's been happening way back so I don't think that it has something to do with the recent crash. This is just FUD, a classic one, I think you are fairly new in the game so I will just advise you not to panic or even believed everything you hear or read specially coming from social media or even crypto related websites.
It became a belief now that whenever a huge transaction was sent to the exchanges, this will cause already a dump. And this is bringing a lot of pressure and fear to the small traders out there because it helps to push the price lower.
Never forget that bitcoin is a speculative asset so expect that from time to time there will be speculations everywhere.
Never forget that bitcoin is a speculative asset so expect that from time to time there will be speculations everywhere.
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?
We are creating too much links to everything that sounds possible, however far-fetched they may appear. I have read speculations on the price drop connecting it to Bakkt, drop in hashrate, quantum computers, billion dollars worth of BTC transfer, manipulation, and so on. At first, I went with the flow and read more about them but it seems they are all equally unsure about their theories.
The only certain reason for me was that there were more sell orders than buy orders.
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Calm down for a while and don't trust any news if you don't do your research. I don't think that will relate to each other. Although it is related, we cannot prove it. What I see now is the price down deeper than we can expect, but I am sure the price can increase higher soon. You don't have to worry if the price now is down because you can buy another bitcoin and hold it until the price can increase later.
I don't think that whatever transfer is responsible for the downward we are currently seeing. I still think is a retracement that has been going on since two weeks now. Some hodlers might be dumping out of fear of not loosing their capital but to hodl and buy in will be fine.
There is no reason to believe that the two events are related. People like to speculate about all kinds of things.
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?
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