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Topic: The indices that makes bitcoin price - page 4. (Read 577 times)

hero member
Activity: 1610
Merit: 507
September 11, 2021, 07:04:30 AM
#9
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.
member
Activity: 742
Merit: 12
Global peace initiative
September 08, 2021, 02:19:05 PM
#8
First, we are in cryptocurrency, that kind of dumped is already experienced by many many times.
Second, if you do check technical analysis, it's kinda expected to do some price correction, but I think the market reacted too much, and we had a massive wick on the candle.
Because if you look around, are there any FUD popped when the dump happened?
Agree, the only people that complain when the prices go this way are the kimd of people that's in it for the quick buck, they don't think ahead or of the future, they just want the quick profit no matter how small and to be honest, I really like it when this people are getting problematic when the prices go down because they filter themselves out of the market.
What about those that bought when the price was high? They got in at the wrong time and will always want to see the price recover so that there can cover their loss.

Take, for instance, those that bought bitcoin when the price was at 52k level on Monday this week before the market crashed back.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
September 08, 2021, 09:40:34 AM
#7
First, we are in cryptocurrency, that kind of dumped is already experienced by many many times.
Second, if you do check technical analysis, it's kinda expected to do some price correction, but I think the market reacted too much, and we had a massive wick on the candle.
Because if you look around, are there any FUD popped when the dump happened?
This has happened several times before in cryptocurrencies and this dumping has to become a habit that we have to experience in each of the unexpected.
Yeah but many think it's too soon that in less than an hour bitcoin has slumped back at $46k and of course this will be another correction of the analysis we understood before but we have to be prepared for this.
I still haven't seen any bad news about this decline, but many speculate that it was individual whales trying to tear it down, but we haven't confirmed this yet.
member
Activity: 574
Merit: 25
September 08, 2021, 08:57:16 AM
#6
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?

looks like it wasn't an accident of yesterday's bitcoin price dump. there is an element of willfulness on the part of big investors to fight the rumors that are so viral that bitcoin will break $100k by the end of this year. but yesterday's conditions can kill the character of amateur investors and make them worry. Eventually the market price dumps and they buy again at a low price to get a big profit.
member
Activity: 868
Merit: 63
September 07, 2021, 09:30:50 PM
#5
First, we are in cryptocurrency, that kind of dumped is already experienced by many many times.
Second, if you do check technical analysis, it's kinda expected to do some price correction, but I think the market reacted too much, and we had a massive wick on the candle.
Because if you look around, are there any FUD popped when the dump happened?
Agree, the only people that complain when the prices go this way are the kimd of people that's in it for the quick buck, they don't think ahead or of the future, they just want the quick profit no matter how small and to be honest, I really like it when this people are getting problematic when the prices go down because they filter themselves out of the market.
hero member
Activity: 2632
Merit: 833
September 07, 2021, 08:00:22 PM
#4
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?

Of course, we need to take into account whales suddenly dumping because of some news and TA won't completely capture it. And it's obvious, the market is very unstable and unpredictable so it's hard to predict the price movement, but if you are here for the long term, fundamentals are still strong and you might just want to hold on to your bitcoin so that you will worry less about it's volatility and just cash out if you made big profits already.
legendary
Activity: 2506
Merit: 1394
September 07, 2021, 06:48:10 PM
#3
First, we are in cryptocurrency, that kind of dumped is already experienced by many many times.
Second, if you do check technical analysis, it's kinda expected to do some price correction, but I think the market reacted too much, and we had a massive wick on the candle.
Because if you look around, are there any FUD popped when the dump happened?
member
Activity: 518
Merit: 45
September 07, 2021, 11:59:36 AM
#2
Since you know the volatility of the cryptocurrency market and anything can happen, I hoped that the El Salvador purchase of over 400 Bitcoin will help increase the price of bitcoin, but reversed is the case.

I think big institutions and companies are selling and buying back at a rapid level.
member
Activity: 742
Merit: 12
Global peace initiative
September 07, 2021, 11:42:13 AM
#1
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?
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