Topic: What's causing the decline this time? - page 3. (Read 895 times)
The decline had not even started, there is more to it as time goes on. Don't affiliated the bearish market with all sorts of news, whether is as a result of Chinese ban on Bitcoin or USD/GBP whatever to me is not responsible for the falling price. Many persons especially content creators and fake news always look for something to affiliated market reaction to especially if is suddenly just to gain more ads, views making investors minds to tremble. Have it at the back of your mind that, the market is consolidating.
Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?
You must understand that markets are very efficient at pricing every single circumstance and event and the unlock of 41k BTC of GBTC is probably the reason this is happening, so I would not be worried about it, if you have some fiat then this could be a good opportunity to buy as I do not think even that is enough to make the price of bitcoin to drop below the 30k resistance level for long and once this panic passes bitcoin will return to the 32k level, a level in which it has been stuck for a long time. 
I don't see anything major happening so far that would eventually cause the market to go into a correction. The price of bitcoin has been sideways for some time, and in most case such a condition will be followed by a price correction. Although people continue to associate price correction with negative event or news, it is never the main factor in the correction. I assume that the price correction this time occurred because the market was experiencing saturation after the bitcoin price failed to break through resistance on several attempt. The point is we never know for sure why the correction occurred and therefore keep your hand strong.
Those who wanted to have a short ride trying for a quick bucks without recognizing all those risk that behind this investment, they are
all going to fall along side with the market downside.
Always have a good background with the investment that you'll going to take, whatever happens you always have secondary options
and you always have the will to cope up or to wait for it to bounce back.
all going to fall along side with the market downside.
Always have a good background with the investment that you'll going to take, whatever happens you always have secondary options
and you always have the will to cope up or to wait for it to bounce back.
Almost everyone does this mistake when he makes the first investment with cryptocurrency. Even I invested in some shitcoins during my early days (2017) and lost some of my funds. It takes some time to realize that in the cryptocurrency sector, all that glitters is not gold. A lot of information is available online, and if you go through them it will be possible to avoid scams and mistakes 99% of the time. But even in my case, I went through this information only after I incurred some losses early on. In my case, it was OK.. because the losses were not that huge (but still not insignificant).
Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?
It's nothing but the current market situation is bad. Bitcoin is floating in the sideways trend.
The bottom and top are $28000 - $35000 and bitcoin has literally been in this range for quite some time now.
It needs to change the trend and build a good momentum to either go upwards or downwards.
I’m really hoping we are nearly past the worst & close to the bottom. All technicals point toward us still being a bull market so I have to remind myself to be calm & that we will start to go up again soon.
Sometimes I feel that these sort of corrections are necessary. Some of the noobs still daydream that they will become millionaires in a day or two by investing in Bitcoin. It is very much necessary to shake off such non-serious investors from the Bitcoin community. When the prices stay low for 4-5 months, these guys will lose patience and will make their exit after dumping their coins. Only serious investors will remain. And this will reduce the chances of a mass-selloff in the future and reduce the volatility of Bitcoin.
Probably the fear is causing the decline this time. However, we all know that we might see the correction and decline in the price after September 2021. The current price might be the reflection of that fear.
I’m really hoping we are nearly past the worst & close to the bottom. All technicals point toward us still being a bull market so I have to remind myself to be calm & that we will start to go up again soon.
Many of us know there are many reasons for the so called decline. It is really a correction if you are going to ask me. Bubbles up too high and hype has been flaming for months that it has to go down somehow. Many times these corrections have happened and yet Bitcoin still reached very high this year. So many Bitcoin supporters are pinning their hopes that there would be another all-time-high from Bitcoin and they hope it would happen in a short span of time.
BTC price dropped from bad news from China as well as having quite a lot of FUD causing some people to panic and sell off BTC price, and this year again the covid - 19 global pandemic caused the economy to decline. economic recession, many people fell into poverty. so in my opinion BTC price stabilizing at $30k-$32k is a good thing, what we now expect is to wait for it all to pass and BTC will go up or break again in the fourth quarter 2021 or early 2022.
It's true as you said, the decline in bitcoin is now caused by several factors, such as China Sipit which prohibits bitcoin mining, Tesla company which no longer accepts bitcoin in purchases, and Elon Musk's tweet, but on the other hand this is indeed bitcoin has a very high price. unstable sometimes down, there are times when it also goes up, it can be said that in business there is a decline and there is an increase, but true bitcoin will never shake in the wind, and will not back down because of criticism, bitcoin will never disappear, and always will be , although there are many challenges, but bitcoin can definitely pass all the obstacles that exist...
now the market price has started to rise slowly. The decline that is happening now I think is very reasonable. where the crypto market and the market in general have price movements, be it high prices or low prices. I think people don't have to worry about this because the crypto market is slowly getting better but if you look at it every time and expect prices to return to the way they were a few months ago it feels like prices will continue to be low. if you look at last year's price isn't the current crypto market price very good. so we just wait until the bull market comes. and it will surely come. fast or slow
BTC price dropped from bad news from China as well as having quite a lot of FUD causing some people to panic and sell off BTC price, and this year again the covid - 19 global pandemic caused the economy to decline. economic recession, many people fell into poverty. so in my opinion BTC price stabilizing at $30k-$32k is a good thing, what we now expect is to wait for it all to pass and BTC will go up or break again in the fourth quarter 2021 or early 2022.
I have many great reasons to choose. First, Wall Street and Vaccines. Second: Fud Elon and China with carbon electricity. 3: Unlock Grayscale (Today) But I'm positive and positive that it's not discounting, but trying to absorb and quantify. Then maybe Grayscale will buy back into the oven.
Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?
There are a lot of things that affects the bitcoin price now but what's been making too much noise lately. Their decision of banning crypto mining will surely make a huge impact on bitcoin's value. On the other hand, what makes the price changes confusing is the good news about El Salvador about making bitcoin a legal tender. There are good things yet there are bad things also happening in the market right now, so if you are currently investing on a certain coin, make sure you analyze the price changes in the market. 
many possibilities, bad news from all directions such as China prohibiting bitcoin mining in their country, Elon's tweet which was very influential on the decline in bitcoin at that time, as I recall but from the graphic side bitcoin is undergoing a correction, it's just that the correction experienced by bitcoin is very deep so it looks like bitcoin is breaking out
I prefer this decline because of the market correction. this is natural and happens, but the correction is likely to last for a short time and will continue until it is completely over and replaced by a bullrun
Yes the reason the prices of currencies are falling at this time is because the market is correcting and the bull run will come back again. Currency prices are showing signs of declining the market will rise and the right time to invest prices have started to fall for any bad news. Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?
The drop hasn’t been much, so I don’t know why to worry much about it. And there is nothing serious that I have seen as of recent that has, except some people talking about Greyscale. But anyways, the price won’t be going up all the time, it’s a usual thing with Bitcoin. And it also can’t be stable.There are times that the market will go up in price and there are also times that it will go down in price, that’s just it. Big events don’t really need to happen for the market to go down or go up, although when those ones happen they can either push it to a very high or low. As for the recent, I don’t think there is anything, I feel it’s the normal.
what I know is the decline in bitcoin because the government in China prohibits bitcoin and many bitcoin holders sell their assets because they are afraid the bitcoin price will go down, that's what I know is the cause of the bitcoin price going down for now,
Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?
I think this is only a temporary market correction because if we look at the chart the decline is still reasonable and not too deep, of course it will rise again if it finds the right time, so don't panic, take advantage of this decline to make daily trades because we can get more bitcoins with small capital and then take profits when the price starts to creep up.
Market correction.
A massive campaign globally to attack Bitcoin and crypto market.
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