What's causing the decline this time? - page 4.

suzanne5223

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Quote from: 9thsky on July 16, 2021, 06:50:51 AM

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

The dump or decline in the price of the market is not always caused by certain news or the China government did because we have a situation where the market will experience a dump in price without any news behind it since the market price is base on the level of demand and supply.
Having said that, I don't think you should focus on the cause dump in price when you can seize the opportunity to buy low because sooner or later market bloodbath will still happen.

Lucius

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Quote from: TangentC on July 17, 2021, 01:15:28 AM

$10K btc is coming.

You haven't moved far away from the usual BitcoinTrash shiller all these years, and that definitely puts you in the category of failed forum shillers who unsuccessfully try to spread FUD.

Quote from: TangentC on November 12, 2017, 12:19:24 AM

I believe in Bitcoin Cash and it is making me alot of money!
I luv this coin. Kiss

Quote from: TangentC on November 12, 2017, 03:24:36 AM

When Bitcoin Cash have bigger marketcap and higher hashrate, it become the 1 True Bitcoin.
Core segwit version be left to die.

Bitcoin is still there, much stronger than it was in 2017, SegWit is present in more than 50% of transactions - where is your shitcoin today? Just dream about $10k, it's the only place where your wish will come true.

Btcvilla

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maybe this is.also caused.by the influence of the market which causes.a price to fluctuate.because bitcoin also greatly.affects the market price and in.addition to the rich people who buy bitcoins.in large quantities.then it.is very influential.on the value of the currency crypto on the world stock.market, we only hope that things.can recover.as soon as they used to

Robinson66

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Part of the reason for the market's decline is that some negative news from the media caused people to panic, leading to the sale of their tokens, and the decline is normal, because every investment has its ups and downs, like cryptocurrency Such volatility will definitely fall, so be patient and don't sell your tokens at will.

Caldear

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The Chinese government has introduced policies to suppress Bitcoin and prohibit the use of Bitcoin. This series of negative effects have generated market sentiment and caused panic among some people.
It may also be the normal fluctuation of the crypto market, and the price should rise after the callback.

crwth

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I think it's part of humans' reaction towards anything. Imagine that cryptocurrencies are being used so much during the early stages of the pandemic. It just accelerated the growth of cryptocurrencies adoption, and now that we had reached a new ATH. It just keeps growing, and there would be lying low of the buying pressure and some investors taking profits. I think it's just a usual thing being humans. Lol.

TangentC

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Quote from: 9thsky on July 16, 2021, 06:50:51 AM

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

Bitcoin Price Collapses always happen on a Day that ends with Y.
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday

Now you know.

$10K btc is coming.

Kimonoe

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Quote from: Argoo on July 16, 2021, 11:14:09 PM

The market dropped sharply in price two months ago. Then there were reasons for this. After such a long, and most importantly, high price growth, as well as a fall of 50 percent or more, the market cannot recover so quickly. In addition, now is the time for summer vacations, and at this time, traditionally, business activity in all markets is dropping. Therefore, prices are almost now already standing still, sometimes rising a little, then decreasing. We need to wait for autumn, then the market should activate again.

the current market situation is in a sideways state, and there has been no major movement yet. On the other hand, technically, if this area has not been penetrated, it is possible that the market will continue sideways until it forms a cone, and eventually the market will break, and the big movement will begin again. In addition to the current summer, I think the pandemic conditions have made business activity decline

EvieLannister

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I think there will be, because China bans cryptocurrency, major media will publish reports, and the policies issued by China will have an impact on other countries and cause the price of Bitcoin to fall. Because a series of banned news caused everyone's panic, everyone sold their tokens one after another.

Argoo

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The market dropped sharply in price two months ago. Then there were reasons for this. After such a long, and most importantly, high price growth, as well as a fall of 50 percent or more, the market cannot recover so quickly. In addition, now is the time for summer vacations, and at this time, traditionally, business activity in all markets is dropping. Therefore, prices are almost now already standing still, sometimes rising a little, then decreasing. We need to wait for autumn, then the market should activate again.

Ausgewielt

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I don't know but before this declining price of bitcoin, actually I think bitcoin price was little bit overvalued. My prediction is the lowest level of bitcoin price at this bearish market is around 25k. Honestly I am not shocked at this time. I think the last bullish market is also little bit too high maybe it is because Elon Musk effect. But don't worry mate, if the price go down it is mean that we have good opportunity to buy bitcoin. I believe that bitcoin will be used by more people in the future.

pealr12

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Quote from: 9thsky on July 16, 2021, 06:50:51 AM

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

The news about Greyscale unlock but to me the price of btc wasn't that affected compare to how people make it sound, honestly I don't know why some people always anticipate a fall in price over any little negative news, it will seem as though many don't have the ability to hold or have no trust in btc future which should not be the case, crypto community should be stronger than this, if btc is better than fiat ^{as some people always say} then why people rush to sell their btc to fiat instead of holding firm on to their coins.

Kiley33

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That’s partly because of FUD, but because FUD doesn’t know anything about bitcoin, people will tell other friends what they know about bitcoin, which leads many people to distrust bitcoin because of the market turmoil, many people get scared and sell their bitcoins,

Rajamuda

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Quote from: ?? on ??

Quote from: 9thsky on July 16, 2021, 06:50:51 AM

Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

it is still very difficult to make the price of bitcoin go back up because at this time there is more and more bad news circulating and making traders and investors reluctant to enter bitcoin again, bitcoin must need good news to be able to make the price recover, hopefully in the near future the bitcoin price will not collapsed again and began to show signs of revival.

Basically it's really too affected, it's different if it's not affected by the news and issues. Now that looks like it continues to weaken them in holding trust in bitcoin. Well after all this is a natural occurrence that often happens when one thing is at its peak of popularity. Definitely recovering, just needs some more time

lalabotax

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I think people are afraid to buy and prefer to sell after an issue about Grayscale to sell their BTC in the near future. Who sell their Bitcoin or Altcoins right now, probably expect to get USDT to buy in the next possible huge dump. But it is still speculative, everything can change suddenly. How if Grayscale doesn't sell their BTC, instead buying more BTC? It may be a tactic to make BTC price dropping now.

jossiel

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Quote from: ILuckyGuyI on July 16, 2021, 12:36:15 PM

I think there are two possible reasons for this. One of them is Grayscale's actions. The other is the usual volatility of Bitcoin.

Grayscale is one and I think it will remain for 2-3 days until we see some green.

Quote from: ILuckyGuyI on July 16, 2021, 12:36:15 PM

To be honest, I feel myself closer to the volatility of it. It's just going up and down like always. And actually there could be another reason also. When the buy amount is less than the sell amount, the price faces a resistance and drops down if it can't go over it.

It's common to see bitcoin do such. This shall pass once the date was already passed on and we're about to see that it will recover. What's good with this, it didn't pushed below $30k. I guess that we're still a good position until it breaks that barrier.

Twinkledoe

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Quote from: mk4 on July 16, 2021, 01:13:42 PM

Quote from: ILuckyGuyI on July 16, 2021, 12:36:15 PM

I think there are two possible reasons for this. One of them is Grayscale's actions. The other is the usual volatility of Bitcoin. To be honest, I feel myself closer to the volatility of it. It's just going up and down like always. And actually there could be another reason also. When the buy amount is less than the sell amount, the price faces a resistance and drops down if it can't go over it.

If it was actually because of the Grayscale fiasco, then it's mostly not because of Grayscale per se, but because of people's decisions in anticipation of what(or what they think) Grayscale is going to do. Quick reminder that cryptocurrency traders and the so called "investors" mostly consists of retail that make impulsive decisions.

Highly likely that it is the people's emotion of what is about to happen. Some are selling because they are anticipating that btc price will go down once Grayscale unlocks thousands of btc. So before it happens, some are selling. But I guess, the effect of unlocking may only be temporary. BTC will always go back and one good news, we are going up again. So if it will indeed go down, maybe that's good opportunity to buy before it increases its price again.

mk4

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Quote from: ILuckyGuyI on July 16, 2021, 12:36:15 PM

I think there are two possible reasons for this. One of them is Grayscale's actions. The other is the usual volatility of Bitcoin. To be honest, I feel myself closer to the volatility of it. It's just going up and down like always. And actually there could be another reason also. When the buy amount is less than the sell amount, the price faces a resistance and drops down if it can't go over it.

If it was actually because of the Grayscale fiasco, then it's mostly not because of Grayscale per se, but because of people's decisions in anticipation of what(or what they think) Grayscale is going to do. Quick reminder that cryptocurrency traders and the so called "investors" mostly consists of retail that make impulsive decisions.

franky1

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zoom out
stop looking at the 12hour chart.
the small daily movement look falsely huge because your zoom of the chart stretches out the wiggly lines

try looking at the month chart and you will see a less impressive movement
in short the 3% movements are normal.. calm down

ILuckyGuyI

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I think there are two possible reasons for this. One of them is Grayscale's actions. The other is the usual volatility of Bitcoin. To be honest, I feel myself closer to the volatility of it. It's just going up and down like always. And actually there could be another reason also. When the buy amount is less than the sell amount, the price faces a resistance and drops down if it can't go over it.

Topic: What's causing the decline this time? - page 4. (Read 820 times)