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Topic: The indices that makes bitcoin price - page 3. (Read 577 times)

legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
September 20, 2021, 11:53:03 AM
#29
Leverage is the only way you could make a proper amount of money if you are a whale. I mean buying bitcoin is still a good investment but it doesn't have that huge volatility in billions for a single investor, even if they are whales it is unlikely, there are 5-10 places/people that may have 1+ billion dollar change (up or down) but at the end of the day we are talking about something that is quite rare because regular investments do not have that kind of change.

So at the end of the day, leverage makes it worthwhile to make that kind of trades, it allows you to make a lot more changes in the quicker term with billions because it could yield huge returns from huge movements with 100x or even as high as 150x leverages.
member
Activity: 574
Merit: 25
September 19, 2021, 12:34:47 AM
#28
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
I can't give an accurate answer, but I can give a statement according to my views on your question. the fact that today bitcoin is in a period of weakness after yesterday's sudden correction from $ 52k down to $ 46k. the correction took investors by surprise, although not too severe but could make investors less confident to survive. but recovery mode is in progress in these two days.
STT
legendary
Activity: 4102
Merit: 1454
September 18, 2021, 11:55:56 PM
#27
Bitcoin has some relation to main market index like SP500 in that both are speculative  and reacting to weak currency but there is no direct link apart from Bitcoin being traded by some of the same people.   If SP500 goes down it requires leverage coverage which might mean people close out their BTC leveraged position to cover the SP500.     This is true in general the more an asset is seen as outside the norm or most conservative assets, the greater the volatility and pullback it may experience at times.
member
Activity: 742
Merit: 12
Global peace initiative
September 18, 2021, 03:51:50 PM
#26
What's happening after reaching $52k, was a mere corrections that gives opportunity to new investors as well as long time holders. It's indeed, undeniable that panic seller was presently taking profit from their capitals and we just need to accumulate our holdings while downturn was happening. Don't be panic on this situation, because price won't go into dip below $40k until such time chances for second ATH will commence.
I know the fall hard giving investors another opportunity to buy the deep, which is why the whales are constantly manipulating the market to take advantage of the weak hands who are always panic selling.
sr. member
Activity: 1484
Merit: 277
September 17, 2021, 06:10:34 PM
#25
What's happening after reaching $52k, was a mere corrections that gives opportunity to new investors as well as long time holders. It's indeed, undeniable that panic seller was presently taking profit from their capitals and we just need to accumulate our holdings while downturn was happening. Don't be panic on this situation, because price won't go into dip below $40k until such time chances for second ATH will commence.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
September 17, 2021, 05:42:40 PM
#24
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
Markets by nature have to be unpredictable, if you could predict what it will happen all the time then you will end up with all the money in that market given enough time, and since that has not happened then the only logical conclusion that we can make is that the markets are unpredictable, that doesn't mean that you can not have a certain idea what they are going to do during the next weeks or months, and you can even make money by trading the markets, but you simply have to get used to this unpredictability and the fact that from time to time investors that have large quantities of coins can manipulate the market if they want.
full member
Activity: 1470
Merit: 148
September 17, 2021, 05:52:05 AM
#23
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
It must not necessarily be the activities of whales that is responsible for for the decline in the market price of Bitcoin but a holistic of individual traders who has taken profit that do make the price of Bitcoin to drop drastically. And I wonder why some of you will not complain anytime Bitcoin market value appreciate upward.
sr. member
Activity: 1386
Merit: 250
1XBit.com
September 17, 2021, 04:07:27 AM
#22
It is true that sometimes whales are really responsible for a big dump in Bitcoin price. But the recent dump didn't stem from this I think. It was about the high volatility of Bitcoin, nothing more than that. Some people think that US government issued a warning to El Salvador because of their making Bitcoin legal tender. And that's why the price went down very sharply. But I disagree with those people about that the reason could be this.

I think the whales also have strategies in their trading just like we do, I think the whales also want big returns on their investments, I agree with what you are saying, because it is precisely now that America seems to be starting to try to kill the development of bitcoin by continuing make strict regulators and also they continue to increase their supervision of the movement of crypto currencies which are considered quite wild, speculative, and continue to pressure other countries that are starting to try to adopt bitcoin as El Salvador did.
sr. member
Activity: 1890
Merit: 333
September 17, 2021, 03:09:21 AM
#21
It is true that sometimes whales are really responsible for a big dump in Bitcoin price. But the recent dump didn't stem from this I think. It was about the high volatility of Bitcoin, nothing more than that. Some people think that US government issued a warning to El Salvador because of their making Bitcoin legal tender. And that's why the price went down very sharply. But I disagree with those people about that the reason could be this.
member
Activity: 1120
Merit: 68
September 17, 2021, 01:48:03 AM
#20
Some people are responsible for that crash, but I will not think much about them and consider that is a normal correction and still waiting for the next rising. If bitcoin can get down to the lowest price like what we see, the chance to increase higher in the future will be bigger because the investor will not let this chance and will want to buy as many as they can. I am sure many of us are still waiting for the bullish trends coming for bitcoin, and many of us already bought many.
That's the right mindset, if you look at it you can make more profit if you just wait it out. As you've said, the prices are going up and down and it's all normal so as an investor, it's better if you watch out and don't make any rash decisions that will make things much worse.
legendary
Activity: 1372
Merit: 2017
September 17, 2021, 01:29:18 AM
#19
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Thanks, Captain Obvious.

I believe that this section of the forum, "speculation", is more for entertainment than anything else, as we try to predict the unpredictable. People who have a lot of knowledge and a lot of experience can make predictions with a certain degree of accuracy about what seems most likely, but there are always things that influence the price that we cannot foresee beforehand, such as what happened recently with the miners in China.


member
Activity: 336
Merit: 16
September 17, 2021, 12:15:31 AM
#18
This Bitcoin market action is a steady occurrence if you have been into Bitcoin for a while now you would have been familiar with such market movement that is why one should not risk too much on Bitcoin as its price and market movement is highly unpredictable and at such, you should only invest what you can afford to lose so that when the market price crashed, it will not hurt your emotions and finances. I still remember the January 2018 crash that was the first major Bitcoin crash I witnessed, and it was a horrible experience for many people.
hero member
Activity: 3038
Merit: 634
September 12, 2021, 05:05:59 PM
#17
Do not be surprised when you see bitcoin drops huge because we've been seeing it pump very fast and the counterpart and equal and balance reaction of it should also be that huge when it drops.

The very good thing about this is that we've seen the drop as soon as possible because if we're still not seeing it yet come. A bigger drop might occur because that's the typical movement of bitcoin when it goes up.
I think the highest deep in Bitcoin price has already happened when Bitcoin crashed from above 52k to 45k last week Tuesday; I believe the rest of the month will be more of a recovery phase for Bitcoin.
It's not actually the deepest that has happened. There's this, $62k down to $28k-$29k. That was the crash that has happened several months ago and it had thought everybody as likely the start of the bear market.

But well, goodness, it wasn't the start of the bear market because bitcoin still had recovered and eventually pushed back to $50k just this weeks ago.
member
Activity: 742
Merit: 12
Global peace initiative
September 12, 2021, 12:30:46 PM
#16
Do not be surprised when you see bitcoin drops huge because we've been seeing it pump very fast and the counterpart and equal and balance reaction of it should also be that huge when it drops.

The very good thing about this is that we've seen the drop as soon as possible because if we're still not seeing it yet come. A bigger drop might occur because that's the typical movement of bitcoin when it goes up.
I think the highest deep in Bitcoin price has already happened when Bitcoin crashed from above 52k to 45k last week Tuesday; I believe the rest of the month will be more of a recovery phase for Bitcoin.
full member
Activity: 2086
Merit: 193
September 11, 2021, 04:55:19 PM
#15
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?
This has been the trend, whales knows how to take profit and we should know that one as well. We can’t say that the whales are the reason for the recent dump, though they can really do that but there’s no evidence to support this speculation. The price dump is normal in Bitcoin, its faster compare to any market so get used to it and don’t panic easily.
hero member
Activity: 3038
Merit: 634
September 11, 2021, 04:42:03 PM
#14
Do not be surprised when you see bitcoin drops huge because we've been seeing it pump very fast and the counterpart and equal and balance reaction of it should also be that huge when it drops.

The very good thing about this is that we've seen the drop as soon as possible because if we're still not seeing it yet come. A bigger drop might occur because that's the typical movement of bitcoin when it goes up.
sr. member
Activity: 2366
Merit: 332
September 11, 2021, 02:49:29 PM
#13
now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k

This difference does not matter and should not be called as crash but a drop. A crash is a huge drop that will devastate every one involved in trading or hodling. I think the worrisome thing here is that the drop happened not in a day but just in minutes to an hour. Anyway, the price is beginning to be stable again.
hero member
Activity: 1456
Merit: 940
🇺🇦 Glory to Ukraine!
September 11, 2021, 01:27:12 PM
#12
... with the sudden crash of the price from 52,000 to 46k ...

Man, that's no crash at all, it's like a piece of cake for the crypto community. This is just some 12% correction. Do you expect it to just go up?
A crash would result in a drop of 80-90%, but even after that, Bitcoin would remain strong because we would shake off weak hands, and the drop could be followed by a surge.
hero member
Activity: 986
Merit: 516
September 11, 2021, 10:35:58 AM
#11
i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In the crypto world, this kind of pump and dump is very normal. It's happening and will be happening in the future. I don't blame whales for this dump, It's good for everyone who knows how to take advantage when there is a pump and dump. The people whos are good at trade can able to make money in both ways.

I don't know who is dumping the market right now, maybe institutional investors/whales/or traders who are just booked their profit in this stage. $52k was a big resistance price for Bitcoin, So I think trader just took their profit at this price. There is a huge demand in the $40k to $44k price range. Hope there will be a good pump within a short time.
legendary
Activity: 2702
Merit: 4002
September 11, 2021, 09:37:08 AM
#10
Whales are not responsible for all the things that happen in the market, but they may take advantage of these changes in order to make good profits.
What happened yesterday may be a correction to the price and it may change if whales and panic control the market, but whales have no effect on the price, beginning or decreasing.

Bitcoin Market capacity is too high for a small party to control the price.
This may be true for some altcoins.
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