Topic: Why again the prices were falling? (Read 661 times)

No I think that the investors are not going to wait anymore for the EFT. The market started to become green. In fact investors already started investment in bitcoin and therefore we are expecting that bitcoin  price is going to reach to 20k before the next date of ETF.

I think what makes cryptocurrency prices fall again is the bad news circulating in several media that made cryptocurrency prices fall and made cryptocurrency prices so cheap because there are so many traders who panic and sell their assets at very cheap prices.

the prices that come down are various reasons, various obstacles that occur, but at this time with events like this make everyone panic and confuse what can be done with falling prices. let alone you people are just as panic.

I hope that it will not affect the market too much. In fact now the investors realized the games of the manipulators and they are not going to let them manipulate the market anymore. Bitcoin is now trading too much stable and hope that it will gradually start increasing its price.

Right on this,and the delayed of ETF decision is one of the factor why this manipulators fails on their target as they bring the price grow and now withdrawing is affecting the value and its getting dip again..i am just praying that this ETF will really bring goodness to all of us and it wont be a false hope as many are relying upon this to make boost the market prices

If ETF was the only reason we should be rising into 2019 because its not till February that we will find out the final ETF for BTC that has the greatest chance of success.  I see it as very possible, a rising tide of speculation occurs just ahead of that decision just because it might go ahead and that would introduce BTC to a much wider market in the worlds largest trading market

Yeah and i don't think there's any specific reason why thr price moves the way it does because it's highly speculative and sometimes manipulated. So it can swing at any time without warning. That's why many predictions usually end up off target.

We can not say the exact reason why bitcoin is failing down. But we all know that bitcoin is so unpredictable its price will suddenly go up and down. So every seconds counts in bitcoin, so always be wise in selling, buying and investing to bitcoin. Bitcoin could not act just  like before that this month increase the price. So make sure you have your strategy about it. I know all of individual here has a tactic on how we could earn more in this community.

This market is always up and down and the volatility is real and that is why we have to invest wisely if we actually want to makes money from this market.  I don't think we are not going to have bearish market more than the bull market this month so we have to prepare for that.

These conditions are not permanent and I am sure that Bitcoin will act according to the past movements again. I can say without any hesitation that it will go high very soon and experts are also positive about it that it is going to show some magic in the upcoming months. The current price has come to 6226 US dollar and this is favorable for investors to buy on the low price as they may not get this opportunity in future.

All we have to do is be patient. There is nothing comes from nothing. A little bit of patience is needed. We all want the price to rise and experience the $20k again, not to mention that we should support bitcoin in its ups and downs. I am really sick of seeing threads that talk negatively about bitcoin because the price has fallen. If the price fell, it would not be the end of world because it surely would grow again in the near future!

At the moment investors are encouraged to buy more here and this is done by the Bitcoin’s price which is low for investor can afford this price easily. People find it easy to achieve and afford low price Bitcoins that happens only when demand of it decreases.

We have been watching the shifting game of price between 8.5k US dollar and 6k US dollar price but it can recover and when it recovered then there will be no happier person on earth except Bitcoin’s investors.

Well, in my opinion the ETF hype took prices up and so we needed to get back to where we were so that we can start afresh or continue where we left off . My only worry is how ALTs suffer when such things happen. They drop real heard

So the price will get lower until people start selling it? And then what will happen when everyone sells? It will go back up? I think you've got your market mechanics backwards.


We've been bumping up and down for the past 4 months with no real result. There should be larger reactions than this but we're not seeing anything. I would think that with the currency crises going on around the world that more people would want to protect their earning by buying bitcoin.

The price will fall until people get rid of bitcoin.

I think this is now normal in the cryptocurrency with a small ups then followed with a bigger dumps. Indeed a crazy market for the past 6 months and even with a good news about the crypto it's still not able to break the wall resistance.

I think the following four reasons:
1. Investors reduce their interest in Bitcoin
2. Market manipulation
3. Investors sell off
4. Poor liquidity

Postponing ETF disclosure was not good at all. As the crypto money market began to appreciate, things started to go wrong.

Price of the bitcoin are falling now, they have a lot of reaso why the bitcoin are decreased because of the panic seller and the bad news that spread to the investor by the social media and the television. I don't know why the other reason.

a few days ago the price has risen but then it has come down again and even become lower, maybe because many are selling and need money so demand is low, but we don't need to worry and panic because the price of bitcoin will definitely recover and high again

Any change occurs in price is a result of something that alters which interns alters the value of any product in which the major factor is that of demand rate; when we buy more then the price increases and conversely it has opposite results. Now the reason for this decline is our selling time which is totally against the rules as we sell in low market for little profit so we can not go out from these situations if we repeat our mistakes.

this can be a lesson for you, maybe you don't pay attention to some previous movements or if you have been in the forum for a long time you should be able to see the movement of bitcoin prices every year. As we know that the price of bitcoin at the end of the year is always soaring high and the mid is always in a down state, and this can make you as information to be more careful in buying bitcoin.

Price of most cryptocurrencies are still mostly bearish with bitcoin reaching the $6300 level again. This correction might last for many days again before it eventually recover in the 4th quarter of this year. It is still normal and no need to worry about this temporary price correction. Just hold your cryptocurrencies and tokens and wait for their recovery.

It's not a problem if you did nothing on that moment and by holding it that can be considered as the best thing that you did.

We got some encouragement at the moment, bitcoin dominance is so close to 50% and we moved up few hundreds today.

Most of the people are saying that it's due to the ETF being postponed but who knows what is the genuine reason behind this, maybe it can be the ETF or another dump from the mtgox people who are dumping their coins in the market. But I think that reason is that more people were investing in bitcoin because ETF was announced and once it got postponed again the market crashed like it did last time when price was about to reach $10k.

Those forum members that you have mentioned are just not well knowledgeable about the market and they invest on the market just because of the hype.

If I bought more bitcoins at that price then I will be in more loss because the price fell almost $1000 again after I created that topic.So that is why I just hold on to that without selling or buying anything.

It is sad to say that I am ot a whale,I am just a normal investor looking to make some money for my needs.

I personally think it is falling because the wales like messing with us and are trying to destroy confidence in the market there is some sort of scheme going on here I believe. Everytime the market starts to go up it just crashes and HARD. I also think there was a lot of FOMO with the ETF news as well as others have stated. But I truly believe it is mostly because of wales messing with the price and trying to control market sentiment

Market Fuds were really attacking bitcoin's future, but I guess the ground breaking wasn't really alarming to all of us. Although it dips so well  right now, I guess the recovery is on it's way now. Just expect greater happenings to show up right after the corrective actions will ponder. Don't ever lose your belt towards the determinations, that we need to go further in the next future growth in each cryptocurrency.

I have seen so many forum members here with the mind that Bitcoin market value should always be on the increase and not to depreciate is any way which I believe is a childish idea for any crypto currency to be in that form without depreciating in value since its appreciate and depreciate base on the fources of demand and supply.

Because there is too much fud on the market at the moment, and too many people are trying to short their positions, that is one of the main reasons of why the price is going down so quickly at the moment

Holding isn't the only thing that he can do but he can also buy while the prices are dropping. There's too much to worry about the price but if you are confident with the market you don't have to think of it all the time.

Fluctuation is normal on this very free market so we can't control it unless you are part of the whales club.

See first of all bitcoin's price will fluctuate based on demand and supply, in case there is a huge demand in the market for bitcoin and there are no negative news around then the value will pump and if there are some bad news like any particular country is going to ban bitcoin then the value of bitcoin will come down as people will end up selling bitcoin in fear of losing it this creating more supply and less demand in the market.

NO one knows when bitcoins price will go up or come down. All is base on speculations of traders and is best to follow the trend in which bitcoin is trading. It is a long term gain and this market is only good for hodl.

You ask something that anyone does not know the answer to the question, well I will try to answer. price reduction is a natural thing, all you have to do is hold it until the price rises again.

Nothing is sure but you may help yourself deciding by having some good analysis or from some experts that you trust. If you bought at the low price just hold and add some if you have. A lesser risk for now because the price is already at the bottom if it will go lower it will not be that so much low, think long term.

A free market works to provide the lowest prices for pretty much any good, service or commodity and Bitcoin is definetly going to be provided as easily at the lowest cost the market can provide if its working properly that is.

Its not a negative if price falls on most things, Bitcoin being lower sometimes helps encourage usage is my view so long as the price is not overly volatile then it should help improve network population, traffic and usage options.
This really is the main thing to me that BTC is used and available at some price or level of demand vs supply.   People holding forever is a big negative imo and a price that always rises is also a negative I think, I believe actually in December 2017 we had massive volatility and it was a negative despite the higher price it was not useful to act like this.

Markets are quite ironic, dont take it all on face value and if possible judge a market over a whole year not how it benefits us just today but has it grown and improved in that year.  BTC is ok overall

Not new but starts spreading FUD about Crypto. This time, JPMorgan again Calls Cryptocurrency a ‘Scam’ sounds like he wants better prices again to buy more at lesser price. Following his statement BTC is about to tank as well the entire market goes down.

Well one little mistake there is thinking that it was a bull run. Though if you hold on to your coins til probablynthe end of the year, i think you'll still be in profit even if you bought around 8k. Just don't panic dude.

Mostly because of FUD and people who are not patient. People want to see something from bitcoin, they get in on what they believe is a "dip" but when bitcoin doesn't move at all they end up getting bored of nothing happening and they leave. When they leave price goes lower and so that causes more people to leave and when they leave the price goes even lower. The only reason why bitcoin is not going higher is people not being patient. If we can see a slight going up like $8.5k or even a bit higher than we can see it going even bigger to $10k. All we need is a sudden spike like 10% or so and we can see 100% with that fuel.

In this situation there's no new all are normal as before. There's so many things why bitcoin is dropping again and of the reason is manipulation and bad news recently. And I hope we surpassed this kind of situation.

Bitcoin price is falling and that is why altcoins are also getting dump.  I think the demand for bitcoin is getting low daily and this is because of the sentimental issues. The supplies is also not helping matter because of the activities of whales .

Yeah that's a good point. There tends to be a bit of over-excitement about these things when it's least expected. And then we see absolutely no market reaction to other positive news, like the plans of Starbucks to start using crypto for themselves. It's very hard to predict anything with Bitcoin these days, and I'd just stop trying. The 6900 level is a pretty strong support technically, and that's about the only thing we know for sure at the moment. Maybe it'll hang out there for a few more days and then bounce up. Or not. We can't know until it happens.

There are so many manipulation of the price in the market. Maybe there is a changes happen once the Etf results is good. Prices usually falling and up so expect this is occur always.

Question is when bottom?  Some says it already happened few weeks ago. Some says it will only happen a year from now. I say that i smell it.. It is close now.

People got fomo from the recent ETF news and it was now gone due to some updates about it, you should buy the bottom last time don't get too excited about the hype and fomo as you should always position yourself from the bear market and decrease situations, now it comes back and forth from $6.9k and 7k prices as the price should be before the ETF hype.

Now the prices fluctuating at the normal rate under 5% for a while so which is the actual price? So I made the mistake at the high prices that the actual one but I am just waiting for the upcoming ETF results maybe we can see another bump.

Yes currently its look that 2018 is not a good year in favour of bitcoin, but still 6 months are remaining in the 2018 and I think that it is a big time for bitcoin any thing can happen is next 6 months. I am hopeful that next 6 months will be a very good time for bitcoin and bitcoin price will hopefully come back to its previous high price.

In my own opinion, the status of the market today is not running a bullish statistics because the price is starting to grow again and it stops at $8.5k then go down at $7k again which is a sign of a normal volatile market.

Bitcoin price will always dictated by the law of supply and demand the price suddenly dropped are the indications that the supply  becomes abundant of course the price will  drop but  the reason is maybe of some bad issues, as what been observed its either due to some hacking of some trading site or some government issues , the most important thing is to secure the system against hacker to boasts the confident of the investors.

Maybe the price corrections are not complete, cause I thought the bull run has started as at a 2 weeks ago, but now, its on a struggle with the deep again. There is still time for the rise to take place, cause anything is possible with bitcoin in less than a month. Let's wait for it.

I am not sure about the decline that happened again after bitcoin grew fast. but the fact that crypto observers say the market will take a long time to grow and stabilize, so it's likely that this year the pattern of decline will tend to dominate it.

Its okay because this is only just a healthy correction and this test between support and resistance will make a huge difference in price that can reverse or back in the current market trend. I was not that so worried on before it goes up higher than 7k i already know it will go back to this point of dumping. Not a different situation but i'm hoping 6,800 will not broke down.

Its normal for markets to vary and Bitcoin is especially variable, right now its in a negative phase short term and overall I would say its in a period of consolidation where its trying to shake out as many sellers as possible, weak hands as they say.

All markets try to get rid of holders who have no use for the underlying commodity or currency, a bad price is presented and some will choose to sell.  That continues until supply is exhausted at whatever price, the sellers are labeling that market as too expensive ironically.  When no sellers remain, it can rise and I dont know where that point is exactly but it relys on demand exceeding supply to ignite that trend


The worst sellers will be those who borrow to hold BTC, they cannot afford to hold or take this risk of lower prices.  We probably still have those in the population, dont even consider going into debt to buy Bitcoin as the whole economy is structured to avoid the FIAT system of continual borrowing imo

At what price you bought bitcoin? don't worry if the price is still dipping, it's either you hold or sell.

But I recommend that don't look at the prices for now because it will give you some doubts and worry.

Prices are normally fluctuating so yes if it rapidly goes down, it's normal and it rapidly goes up still normal.

manipulator is trying to convince you that price is rising by some steep rises, because you and alot of people easily believes with that moves he do this every motnh even though we try to tell whats going on.Your answer is he realising profit from btcs that have sold to you. You collected btcs that he sold and now he sells them to others who believes price will going to rise. He will go as deep as he can so that people will be convinced that price is now falling so its time for btc collecting for him.Then he is going to sell that btcs when people convinced to a rising. Because everytime this tactic works and people like you convincable easily this will continue to judgement day.
You may change your line by listening true people but how you gonna find them ?

It's a downtrend for Bitcoin like many people speculating Bitcoin would be rise up after had been dumped for long time. Yet, bad news always continuing against Bitcoin like exchanges getting hacked and such that makes the price of Bitcoin become lower. I hope we would see something bigger at the end of 2018.

As the price started climbing to 8000$ many investors would have rushed back to purchase thinking it will be heading to 10,000 and over. But the declined of the price made traders panic and start to sell to incur small loss.

but was it really panic sellers this time? it doesn't look like it to me to be honest. usually when we talk about panic sellers the hourly charts look different. it starts with a big dump then followed by the drop which takes longer than this. right now the charts look like only 2 big red bars decreased the price from $8k to $6.9k in two steps! which is more like somebody dumped into the market.

You just said it, "it's normal". Also, there's nothing to worry about. Why worried if you believe that btc will have a bull run soon. You bought when the price is bump? It's actually your fault, you don't know the right timing. Again, there's nothing to worry, you won't lost any as long as you won't sell. Just hold it and wait for rise.

Bitcoin price will back again to 8k dollars and the better we do now is to buy more bitcoin now and hold it until bitcoin pump again. Price are falling because of the panic seller and the negtive news about the bitcoin that can cause problems to the future investor.

Panic sellers is one of the biggest contributor for the price to dump because they are not well knowledgeable about how the market works and that is the reason they lose their investments.

August 16 is another bigday in the crypto field,if it gets approval we may see a huge bump.But for now the prices were falling too much and it may reach $6000 again in few days and we will get another bump a week before August 16 so be cool and buy few more bitcoins even cheaper if you are a long term holder.

This is not a price correction.
It is still going down on its way and will go further down. 2018 not bitcoin year. and we are all sad for this situation.
I hope it will raise after 2019 i closed this year with a huge loss

There are going to be up to 4 more ETF's that the SEC will be reviewed through august 16th and march 4th 2019. This means that we are going to keep having these up and downs that easily trigger noobs and speculators into juggling with the Bitcoin price. Of course 90% of them will lose money long term compared to just holding the BTC and not caring about these pump and dumps.

Eventually one of the ETFs will pass against all odds and then everyone that sold will not be able to sleep at night for years because they will miss on a massive pump. So just ignore the government scams and hold your damn BTC, it's all that matters. Think about the long term and understand futures and ETFs are not a fundamental part of Bitcoin.

It is probably the rejection of ETF indeed, because the idea of it getting approved created a lot of hype around the market, pushing the prices up. Current drop is a bit more that 10%, which is actually not that bad. Another drop like this, however, will bring us closer to $6k than to $7k and if any serious-looking fud appears these days, it can do the trick. It is okay for the market to be unstable, we should just get used to it and let it take its time before recovering. This time is when the market cleans itself from non-believers who invested just 'cause btc became popular at the end of 2017. I like how this video explores why eventually things will go back to awesome: https://www.youtube.com/watch?v=_bNFtjajfoo.

I too hope that bitcoin will be used for what it meant for but for now it is most considered as an asset or an investment over currency purely because of the speculations.Everybody knows that we can make money from speculating the bitcoins so they won't leave opportunities to make money with it,since humans were the most greediest animal on the earth.I am not the active trader I just wan to minimize the loss in some way because I bought some of it at more higher prices.

I think people should stop looking for reasons and accept that the demand is gone. If it wasn't the ETF speculation somewhat holding the price up we would be testing newer lows already, and we might still. Instead of focusing on price increases start focusing on spending Bitcoin and using it for a wide variety of other things. Less speculation helps keeping the fees low and should incentivize people transact more. That being said, I'm probably talking to a wall and no one will bother to pay attention anyway since people's hope for a bull run remains relatively strong and won't vanish unless we start tanking....

you should not worry about the price drop, think that you are making a long-term investment. Cryptos are long-term investments


probably because many people bought when the price was $7000 and realizing that the price has risen to  $8500 and does not appear to be raising more than  $8500 so these people have sold their currencies and will return to buy in the  $7000 and will hold to see If the ETF will be approved or will not approved. This is already something systematic

Not ready for new people who throw away with some less harmful issues the effect, trust is needed in this situation, everyone to keep their money safe, and it is so good that no loss, all that must be done is to wait until the price is cheap and always believes that the market will soon recover probably next year with all the improvements in the situation that happened this year, can be said a year that is not very good, but will trust the good development.

It's hard to find the reason why bitcoin falls, but it's obvious the market is very weak and the confidence in the market is getting weaker. In this year such patience is being tested, can we survive to benefit from bitcoin or not at all.

It's been a rough year, but we still have chance to recover. Many ICO been releases that it makes investing, altcoins prices been too hard to managed and distinguished. Just secure some to spend for living. And pray for bitcoin recovery.

Noted.

I am not a panic seller who just buy when the price ump and sells when the price dumps,I did some homewok before buying that coins but I was wrong little bit,now I am looking to cut of my loss in some way or just wait for the few days until the ETF approval by CBOE which may has impact on the prices of bitcoin as well,as far now I am just holding since I can see that the prices almost cruising at $7500.

There are events in the past or even recently wherein price is going down without such "exact" logical explanation.

I stated a statement like that to changed the mindset of the OP that's it's not all about ETF rejection or whales are dumping. There are lots of factors that can be associated with this price decrease. OP is worried because he did bought during the start of "bull run" thoughts on which Im assume he did his buying at $8,000 or the highest price it reached last week or so.


OP must take note of this.

I think this is a difficult year for cryptocurrency. we know that the price is really very far compared to 2017. well, even the assets that I hold also have a drastic decline, even more than 50%. well, so many causes of this happen, I just hope that this year will make crypto prices rise again.

You gave in to FOMO (rookie mistake) and on top of that you thought a bull run was bound to happen...why? Remember that just because there's a massive increase in the price doesn't mean that the upward movement will keep going until it triggers a bull run (btw, we might not see a real bull run like the one from last year in a very long time).

No one can tell you the exact reason behind the drop, but we can speculate and I'd say it's because of decline of the Bitcoin ETF hype, some people say the chances of it getting delayed (yet again) are very high, some others thing that a potential approval won't be enough to trigger a massive upward movement which definitly increases a bearish sentiment in the short-term, so the combination of speculations, rumours, and news are probably the reason for the dip in the price over the past few days.

"when it will be on the upward track?", could be once the news of Bitcoin ETF comes out, obviously, we'll have to wait for positive news. Or we could hope for the bulls to trigger another rally out of nowhere and with enough momentum we should test the 8.5k level again.

Typical human behaviour in this market. When there's a sudden drop (or spike) in the price, most of the people assume everyone else is panic selling (or fomo buying), so the Herd mentality kicks in.

Agree that panic sellers help to increase the dropping percentage of the value of bitcoin only few people are helping to increase the demand that is why we experiencing the falling of bitcoin value again. Hoping that panic people will learn how to be patience specially for those investors who are having small amount of bitcoin hold learn how to wait to earn not to loss.

I think the big reason that I see why the price still falling its because of continues panic selling after the twice rejection of Bitcoin ETF and remember the price was increased from $6k value to $8 it's because of the bitcoin ETF and now, to those who invested on bitcoin when the price at the $8k value are starting to cut their losses before the price fall back to $6k this is why the price still fall.

The other reason I think is the price correction according to the news but I don't really think this is the main reason but for me the real reason behind the price drop is bitcoin ETF rejection.

I actually bought these coins for long term hold but if the prices falls more then I would like to sell it now and then buy later that is why I am asking the suggestions from the people,but still it is impossible to predict the prices if we can find the reasons then we may get the idea about the price bump or dump.

Yes, it is a correction right now that the market was down, either the ETF is rejected or accepted still there is a fluctuation. So, no need to worry everything was back to normal price soon. There's a lot of rumors that bitcoin price expectedly bouncing back in the month of December, much better of being preferred on this speculation.

People ignore one major contributor as to why the price has been falling.

Tether took 100 million USDT out of circulation around the time the price was +$8000 and they have taken another 90 million out of circulation just before the drop to below $7300.

It's not really a positive sign and this will definitely have some more impact on the price if they keep taking USDT out of circulation. It basically means that money (regardless of whether or not Tether is actually backed) is leaving the market instead of entering, which is never a good thing. We'll see where it ends but it seems that without an ETF approval things will start to get really challenging for the short term market.

I think bitcoin prices went up because people were expecting the ETF would increase the prices but after the G20 and after we kinda figured out that EFT is not going to be confirmed it was easy to assume there was no new news that would increase the price.

Also, its more like a sheep following the other sheep kind of deal, when someone goes up the others follow and when they go right everyone follows, so when market goes up everyone buys, when market goes down everyone sells, no one really just waits it out aside from couple of few people. Hence I think the  reason why it is going down is that it went down a bit but than everyone else followed with panic and they started to sell everything which caused a storm of people selling.

It is not easy to watch how price is going down without any logical explanation, but it is very nice to see how price can go up 1000$ just in one hour. Large volatility is actually a trademark of BTC, ups&downs can happen anytime for whatever reason - bad or good news, hack of exchange, some whale who has decided to sell a larger amount of BTC in order to buy new Lambo or luxury house...

Regarding ETF rejection, it was one from Winklevoss twins which actually did not have the chance, but the ETF from CBOE/VanEck SolidX Bitcoin Trust is still under SEC consideration. So it is wrong to think that price is going down because of that irrelevant rejected ETF, there is some chance that SEC accept ETF this month or to postpone the decision for September or December of this year.

Another thing could be capital outflows at the end of Q2 as people start sending money back into their businesses and whatnot. Sometimes people will hide extra income and then shift it from one asset to another, and bitcoin is one more way to do that.

Also like mentioned above, hype plays a major role here too. There was too much excitement about the ETF and it went up really quickly. I think that it will correct and go sideways for a bit longer before finding another good reason to go up again. The 7300 level is pretty good support by the looks of it.

the market is moving in an uncertain and unstable manner. investors are upset. they are afraid. many people have been hurting since January. A lot of people expect movement from the market. So she is not investing. so supply-demand balance is very bad.

You are worried so it means you don't fully understand the risks. Instead of worrying, try to make up some strategy how to deal on it. If you are eyeing for long term goals and your purpose is "just to hold" then you can disregard the price movement for now and just sit back and relax.

Anyways there is no exact reason for this price decrease. Removed that ETF thing as one of the main reasons because it's not. Maybe at small percentage but the rejection just stopped the bull hype. Also how come we will know the purpose of those whales why they sold "if ever". There's no proof we can take that they really dumped.

If it will go back to $6,000 then so be it. It's now up to you to make an analyzation on what things should you do, minimize the loss or still hold.

If you bought bitcoin just recently don't ever expect that you can get profit in just short period of time. It's not how things works. Or if you are really worried by now and don't know what to do and let's say Im in the same situation as yours then I will hold. I say this to minimize your worries. Up to you to follow.

I think there's still a lot of fear in the market that's creating downwards pressure on the price. We've had so many 'false starts' this year when many thought the price would finally recover and then it fell to new lows. Now traders are very careful knowing that this could (and did) end up happening again.

But we must remember this is only very short term, things could well end up much better towards the end of the year and beyond.

It is not just 8% it is more than 10% so we can't consider this as normal fluctuation there maybe some reason behind it,that is what I want to found out.As others saying the ETF approval and the rejection may caused these so we will go back to $6000 that is what the price we had month before.

you can't find any reason for the drop because a small drop doesn't really need a reason. they happen in any market and they are called fluctuations. going from $8000 to $7300 is just a 8% drop, not a big deal and that took a couple of days. and we have not yet broken any major buy support so that is another reason for this not being a big deal.

Bitcoin went up due to 'ETF rumour' and why the price declined ?
there are many factors that can determine it,for example ;
peoples are skeptical about that listing,because they know the fact that it's totally unstable compared to any other assets,so because of that the price could go up and down at any time and people could lose or gain a lot because of it.
(people bought it and shilling it,after it went up they took the profit).
another one is,retracement.
if we want to make another movement,we need to have a healthy retracement because PUMP = PRESSURE.
we need to stabilize its foot before another breakout,it's totally pointless to push the price up but it can not stay on those level for a long time.
if people keeps pushing it up without a healthy retracement,the price will be declined a lot and it will cause a huge panic sell on the market.
in the end it might affect Bitcoin future.

No one will know when it will take upward again, maybe the reason why bitcoin is falling again is it because some investors who already earned, sell their bitcoin immediately, so they will not going to lose a lot just like what happens to others who invested at $18k the lose more than 50% of their capital.

I understand the risk factor involved here,but I couldn't find the proper reason whey the prices were falling,because of ETF's rejection? Or dump by the whales to make some quick money.Anyway this is not a big fall though but I am worrying that the prices will again go to $6K range.

Along with the decline of bitcoin, other digital currencies also experienced a decline. Etherum, the second largest digital currency after bitcoin, fell 10 percent to US $ 472.99

These has been always the behaviour of the market for several monthsfor, what's new?

Why you didn't do your homework in understanding the risks the moment you buy bitcoin. As you mentioned you entered because you "thought" that the bull run will now start. Price fall is price of the risks and you must understand that.

We are the one who must to adjust rather than the market will adjust for us.

The current year is characterized by the difficulties of becoming, the emergence of uncertain investors, the ongoing attempts by regulators to keep pace with rapid changes and the gradual improvement of infrastructure. I think bitcoin is currently experiencing short-term corrective movements before entering into another protracted bullish trend. It is possible that the recent deviation of bitcoin may affect short-term correction, which should help the market to find more stability at lower price levels.

i think this is mainly the correction of the super hyped up ETF's FOMO buy combined with a lot of manipulative dumps at $8000 to push the price lower which succeeded. and when that was broken the market reacted to that drop and continued on a downtrend.

it still isn't big so i wouldn't worry about it unless we start seeing $6k again and try testing the bottom.

Currently the price of bitcoin is at $7358 and it almost fell $1000 in 72 hours,I thought this price fall is just normal at the beginning but now little worrying because I bought few bitcoin when the price bump in the thought that bull run has started.Anyone know the reason why the prices were falling and when it will be on the upward track?