Topic: Reason for bitcoin Price Drop? - page 6. (Read 7009 times)
The news are not favoring BTC. Many countries have banned crypto currency ,as well as ETF issue is also negative. So it is not going up.
I see a lot of "hodl" posts with no reasoning behind it.
Here is mine :
I'm with you as I'm more "afraid" to lose my coins than the fiat I exchanged for it.
If I had to choose, I'd rather have the coins.
Dealing with databases daily, I can't say no to a technology making it obsolete with blockchain.
Yes losing money sucks, but being part of, I believe, what's the next mass adopted tech is just not something I can't say no to.
Here is mine :
I'm with you as I'm more "afraid" to lose my coins than the fiat I exchanged for it.
If I had to choose, I'd rather have the coins.
Dealing with databases daily, I can't say no to a technology making it obsolete with blockchain.
Yes losing money sucks, but being part of, I believe, what's the next mass adopted tech is just not something I can't say no to.
What is the reason for the falling value of Bitcoin? I have already lost some money by holding on to it. Please advise me!
Losing may push you to your limit. But the thing is, you need to see it as if it just only a form of hindrance. It does not really have a huge effect. It only means you need to have more patience. With this you will surely get what you have started. Or somewhat received what you have lost. Just wait and see.
the bitcoin market is now more likely to go down and if you hold bitcoin, of course you never sell it at the present time because what is gained is not the advantage of competing losses, and the decline of bitcoin now tends to some investors trying to sell bitcoin they have while those who buy bitcoin are not so much so there is no balance between seller and buyer.
Every time we can find new reason of price drop. It is classical. But we can discuss why this are happening. All the time when Bitcoin was rising, something did happen. Don't anyone suspect it why this is happening?
What is the reason for the falling value of Bitcoin? I have already lost some money by holding on to it. Please advise me!
The most recent Bitcoin price drop was caused by ETF decision postponement by SEC:
https://coincodex.com/article/2148/sec-postpones-highly-anticipated-bitcoin-etf-decision-crypto-market-plunges/
Ya it is true and this is not new before last year also same think happened when the news came of ETF going to consider and market went up and when they postponed it immediately market corrected, so same thing repeated. And if same thing is going then from september market will move up and within november we can see bitcoin price going above $10k smoothly if the same trend of last year is happening this year also.
I think one of the reason is because there are so many panic seller which is we can call them a newbie in crypto world, if anyone could reduce a panic seller I think the problem will solved.
What is the reason for the falling value of Bitcoin? I have already lost some money by holding on to it. Please advise me!
The most recent Bitcoin price drop was caused by ETF decision postponement by SEC:
https://coincodex.com/article/2148/sec-postpones-highly-anticipated-bitcoin-etf-decision-crypto-market-plunges/
If you want to survive, that is a choice. I myself have experienced a severe failure from bitcoin. I think that following ico or buying some altcoins that can "replace" the position of bitcoin is an option if you want to survive as a hodler.
Some 4,000,000 Bitcoins were purchased before 2011 when the price was $100 or $200. Also who will buy Bitcoin at $6000 ??
There is a chart showing Bitcoin's daily volatility relative to other investments such as oil, gold, stocks, and more. Bitcoin is much more difficult to estimate than other assets. This is good for merchants (until they know what they are doing) but creates many difficulties for long-term investors. This will further undermine the demand for Bitcoin for a large number of investors.
What is the reason for the falling value of Bitcoin? I have already lost some money by holding on to it. Please advise me!
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