Topic: Reason for the dump in Bitcoin and most of the Altcoin? - page 3. (Read 867 times)
Well, I think the reason for the dumping is the never-ending issue with Evergrande. And sadly, altcoins followed through. But if you're in crypto for a long time you would appreciate these dips, even MicroStrategy just bought a huge amount of btc recently, and they are not dumb enough to get rekt. This is actually a big signal for us to hold and continue to accumulate the coins we believe in. I just filling up my bag for $CHAIN and $ANRX as I believe they'll x10 easily by the first quarter of 2022
Some say FED is going to hike the interest rates, some say the reason was Omicron, some say the markets are simply overbought so it needed to correct itself. Could be anything. Maybe some rich whales just decided to buy some nice shiny stuff because why not? Maybe the reason was all of them stated above. We can't know it for sure. My guess is it is about the FED mostly.
I also believe it is all of the above
but this is nothing that investors haven't seen before with the market and it will pass and again it will happen in the future and there will be other reasons people will say are responsible and for whatever reason it dumped, I do however believe in Bitcoin and the general market that after seasons like this, it will continue on its part again.
Major corrections have happened again and that seems a normal scenario in a volatile market. However, it is not to wonder why many people were still thinking it bad and get panicking. Well, they are just new to this situation and do not clearly understand how volatility works. But base on my observation, these corrections give a boost to the market, a reason for making a new ATH. It increases market demand pushing prices to rise which many people never see as they badly think about losing their money.
because altcoins always refer to bitcoin.
In simple terms, when bitcoin goes up, altcoins will go down first and then go up and when bitcoin goes down, altcoins will also fall at a very deep price
Actually there are several speculations that I heard and read about this decline, one of which is the new variant of covid which is still rampant.
but on the other hand I feel this is the usual correction because bitcoin needs something like this after rising and reaching a new ath
In simple terms, when bitcoin goes up, altcoins will go down first and then go up and when bitcoin goes down, altcoins will also fall at a very deep price
Actually there are several speculations that I heard and read about this decline, one of which is the new variant of covid which is still rampant.
but on the other hand I feel this is the usual correction because bitcoin needs something like this after rising and reaching a new ath
Bitcoin does have to experience a decline like it is now first to be able to reach the next new ATH, because Bitcoin this year has gone up very drastically.
So it is impossible for the price of Bitcoin to continue to rise without a price decline first. So we don't need to panic seeing the current decline in Bitcoin
prices, because this is a normal thing that happens to Bitcoin. Then most of the altcoins are very affected by Bitcoin price movements, so it's no surprise
that the prices of most altcoins are dropping as well right now.
For people who have been in the crypto world for a long time, must be used to the price drops that occur in Bitcoin and altcoins. Because indeed
the occurrence of price drops in Bitcoin and altcoins has happened before, even Bitcoin and altcoins have fallen in price deeper than they are today.
Everything will be fine as long as we hold potential coins, because if we choose the right coins, how far down the price will go up again someday.
So for now there is not much we can do other than be patient waiting for the market to recover again.
Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.
It's because of FUD or just a market correction but just take it easy don't be a panic seller because it was expected as market usually crashes before a big pump. Whatever the reason behind this sudden market drop, it's a good chance to buy bitcoin and other potential altcoins as long as you have capital and then just hold and wait the market to recover.
If there would be some correction then there would be always that recovery because we cant just have a market which would really be only having
that single possible movement.
Thing here is that you wont know on when it would happen.
because altcoins always refer to bitcoin.
In simple terms, when bitcoin goes up, altcoins will go down first and then go up and when bitcoin goes down, altcoins will also fall at a very deep price
Actually there are several speculations that I heard and read about this decline, one of which is the new variant of covid which is still rampant.
but on the other hand I feel this is the usual correction because bitcoin needs something like this after rising and reaching a new ath
In simple terms, when bitcoin goes up, altcoins will go down first and then go up and when bitcoin goes down, altcoins will also fall at a very deep price
Actually there are several speculations that I heard and read about this decline, one of which is the new variant of covid which is still rampant.
but on the other hand I feel this is the usual correction because bitcoin needs something like this after rising and reaching a new ath
I think it's time for a correction against bitcoin. bitcoin has been around for far too long at an ever-increasing price, the market play continues on supply and demand. bitcoin has a huge influence on altcoins, when bitcoins are dumped, other alts generally follow to be discarded. Various factors can occur due to global crises such as covid-19 and also many investors withdraw their assets.
Yes we are going through correction phase and things have changed a lot from the day I made this post till today because when I made this post Bitcoin was recovering quickly and it felt like it will leap forward but then it dropped again due to various factors like Omicron outbreak, whales dumping it but I don't think it will crash since we have other set of people who are buying on every dip and big organisations buying Bitcoin in huge quantity, I think once we surpass this correction phase we will see good pump in value of bitcoin which will pull the altcoins as well.
I think it's time for a correction against bitcoin. bitcoin has been around for far too long at an ever-increasing price, the market play continues on supply and demand. bitcoin has a huge influence on altcoins, when bitcoins are dumped, other alts generally follow to be discarded. Various factors can occur due to global crises such as covid-19 and also many investors withdraw their assets.
That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.
Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.
But the thing from last year is totally different, we still don't know what's next that shall come to the market.
The variant is 100 percent the reason.
People don't get this.
The reaction to the new variant was not by virtue of Covid, or the new variant, itself. It was a reaction of a reaction. The market essentially predicted that new lockdowns, mandates, and lesser economic activity would formulate as a result of government policy in response to the variant because the track record is indicative of authoritarian top-down control in the name of "safety." Turns out that even in the event of a mild variant, the government became stricter with their controls, and with that comes less economic activity. Markets react to these sorts of things, it's not difficult to recognize the sham after having gone through (3?) variants now.
That was a quick reaction not just in the crypto market but also in the other. You're right that reaction has been made when most of the whales and investors have assumed that there will go another economy downturn for most of the nations due to this new variant.
Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.
When you see such a big dump, it is not easy to recover it within days or a week. We can see that bitcoin prices are struggling to stable above 50K and there is a lot of volatility in the market. If bitcoin lost the support of 48000$, we may have to see another dump to 40K. This will be bad or the market and altcoins will further bleed if this happens.
We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.
Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.
That's true, If you look at previous years it was even worse than this and I at that time felt angry and very confused because of the decline, But now it's different, I used to be a person who always panicked with declines but for now I'm trying to relax because The concept that I hold today is that where there is a decline and correction, that's where the blessing is to get more assets and there will definitely be an increase after that.Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.
Precisely for now I feel this is a blessing because I can add and buy the assets I want at a discounted price
Trying to relax? Haha, if a 15% drop still needs you to try, when you've lived through worst before, then maybe you really have to reconsider crypto because this is, I repeat, this is very normal.
And you should expect it to get even worse than this because this recovery will fool a lot more people into thinking this is the worst it can get, but no sir, it can get a lot more worse before it gets better!
Market dynamics sometimes make what we think is far from reality. the dump could have been influenced by the whale withdrawing all its assets in bitcoin, another factor also emerged from the influential social media users in the crypto world. however, the altcoin dump factor in general always follows bitcoin. This is indeed undeniable with the state of the market.
There may be certain reasons behind it like freeze offering due to dump,And whales make freeze or may be any news which have negative ipact on crypto. We've been up for so long and I figure it's around time for a redress which we have right presently. All other coins are encountering gigantic dumps, and it's reasonable seeing how bitcoin tumbled as of late. Right presently, I would still hold up and see until I purchase coins again.I accept dump is an opportunity you'll be able purchase more in less and offer it in high.
That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.
Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.
But the thing from last year is totally different, we still don't know what's next that shall come to the market.
The variant is 100 percent the reason.
People don't get this.
The reaction to the new variant was not by virtue of Covid, or the new variant, itself. It was a reaction of a reaction. The market essentially predicted that new lockdowns, mandates, and lesser economic activity would formulate as a result of government policy in response to the variant because the track record is indicative of authoritarian top-down control in the name of "safety." Turns out that even in the event of a mild variant, the government became stricter with their controls, and with that comes less economic activity. Markets react to these sorts of things, it's not difficult to recognize the sham after having gone through (3?) variants now.
first of all the dump can happen because many reason all the reason that give before i post is can be the reason and why the altcoin is also dump it because some of coin have btc pair so what happen on bitcoin will also take effect on the altcoin some trader call it 'bitcoin wave' when bitcoin price drop with large red candle all the altcoin will take the effect like chain. its happen also on bullish altcoin some with small red candle
Whenever Bitcoin is on bearish mode or trend then its no surprise that altcoins would follow the bandwagon yet Bitcoin is the main trend setter even though there are altcoins which do really go oppose on what bitcoin had able to attain or into its movement but only a few would able to do so because everythingwill vary on the demand and if a certain coin would have its own path then good for those who had invested and been trading off with it.
This isnt always the case though because decisions will vary on someones own personal judgment.
That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.
Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.
Precisely for now I feel this is a blessing because I can add and buy the assets I want at a discounted price
That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.
Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.
But the thing from last year is totally different, we still don't know what's next that shall come to the market.
That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
We've been through this before, though. Every year someone talks about Chinese New Year or Christmas.
Don't forget, this current bull run started last year around the same time, so if everyone was spending for Thanksgiving and Christmas in 2020, why on earth did Bitcoin go on and rise up so much, right? This time, it's clearly all the bad news from traditional stock markets.
first of all the dump can happen because many reason all the reason that give before i post is can be the reason and why the altcoin is also dump it because some of coin have btc pair so what happen on bitcoin will also take effect on the altcoin some trader call it 'bitcoin wave' when bitcoin price drop with large red candle all the altcoin will take the effect like chain. its happen also on bullish altcoin some with small red candle
Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.
Not only during December but take it as a normal pullback for the whole market. There's no certain season that it chooses.You just can't expect to be moving up unstoppable but it has to go through this dip because it's a way of balancing the market. If there's no correction, it would be more fearful to look at it as is.
It's just a pullback so don't think of it as a bearish run. We're yet to see the actual sign of it.
That's another thing for sure, the expenditures that we're having every season is also affecting the market. Like the new years, holidays and other sort of seasons for which people are spending a lot.
If bitcoin goes stable to $50k for a week or two, then this would be turning again another speculation if it will go another low.
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