why bitcoin is falling? | Bitcointalksearch.org

Hamphser

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Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

Falling price because of some possible reasons;

-Sell off point
-Common correction
-Caused by FUD
-No actual reason behind on making random movement
-Casual movement of the market because a market wont be called one if we do only see continuous rise.

When we are just new into this market then you should be mindful on what are the typical things that could happen on here.

Palllke

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accidents in Chinese (This blackout contributed to bringing the hashrate down by close to 50%)
Turkey’s central bank banned the use of cryptocurrencies as a form of payment from April 30
India will propose a law that bans cryptocurrencies and fines anyone trading or holding such assets
There were also unsubstantiated reports that the US Treasury could be planning a crackdown on money laundering carried out through digital assets, pointed out Bloomberg.

Raflesia

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It is natural that fluctuations are very inherent in the bitcoin market so don't ask why bitcoin has crashed, you should be ready at the bottom with enough entries after this correction will recover.

No one knows why bitcoin fell but there are several factors that can cause it when there is negative news there it starts to shake the price of bitcoin to fall but it is not possible because it is entirely by FUD news but there are several other factors, but here we must be prepared if want to buy lower for me this is the low price after the correction is over.

20kevin20

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Because it's a normal asset that has downfalls too, not just positive market changes. Corrections are very healthy and needed, so better have them now than later.

jerrison

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I was actually expecting the price of bitcoin to decline a little as it is expected to correct in line with the trends of trading and technical analysis. I personally think that the bullish trend has spent some time and has not actually gotten to the correction prices, hence, it should correct before breaking out of the resistance levels.

Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

seoincorporation

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Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

The price goes down when people sell bitcoins to get cash... And it goes up when people inject bitcoins in the market... that's how it works.

Sometimes the early adopters (Those ones who buy bitcoin under $10) decides to sell, and we see this kind of crash, and sometimes the media just talk bad about bitcoin and that makes it drops too.

The real problem is when it goes down more than 20% and the panic sales start.

Review Master

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Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

It's taking correction just like other months and this time few bd news creates mix-impact on the price and as a result, btc dumped a lot. But it might be pumped back soon as bullish divergence is created and just need huge trading volume to rebound. But it's better to use stop loss for worst-case scenario.

Imran232

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Well this is not actually a price falling. We called it a market correction. Its normal and it happens everytime when we saw a big pump then we also saw a little bit dump that is why it is called a market Correction. It also gives those people a chance to enter in bitcoin. And price correction is mustly needed in bitcoin. Which also provides more potential to bitcoin. When bitcoin gose dumo after a pump then more users wants to grab it then they made it again pump. Well this time another reason is to dump is altcoin. Because lots of people sells bitcoin to buy usdt then that usdt they buy altcoin where also has some shit coin. What accidentally gives users 10x-100x profit in short time trade. Thats why lots of people investing in shit coin and sell bitcoin. Well they knows that this shit coij has 99.99℅ risk. But still they gose with that trend. It might be another reason. Its my opinion others could be different.

BrewMaster

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There is trouble abrewing

you have to first understand the difference between "falling" (continues) and "fell" (one time thing).

the fall that bitcoin had was a small that you can't really call a "fall" considering the volatility levels of bitcoin and also it only took a day to go that low and then price remain stable around $55k.
also if you zoom out and look at the chart for the past 2 months you can see that the average price has been near $50k so we are higher.
if you zoom out more to 4 months or any more than that you can see that you can no longer even think about "fall" since there is a massive rise going on.

Ibrahim60

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Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

Bitcoin is a virtual coin. Bitcoin is the most potential Crypto currency. We know that price rising and dumping is the character of all Crypto currency. If you compare bitcoin price from $60k then its price dumping some. Bitcoin price is now so much volatile. Hope its price will increase again.

masphie

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-= OI =-

something that has value will definitely experience ups and downs. And this has become a natural thing, so just relax ...
Whatever the reason, it is certain that market habits will repeat itself.

noorman0

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Quote from: Ebede on April 22, 2021, 09:13:38 AM

Bitcoin is falling because in some countries government policy influence negative effect to Bitcoin or does not favour the Bitcoin market in the society of it kinds.

Your conclusion is classic speculation. Bitcoin has faced several counter policies from some countries ever since it was at the $5k level. The community continues to grow stronger than the government imagines, often even with questions like "can the government stop bitcoin?" brought up in this forum which is a form of people's doubts that regulation/policy is the main cause of bitcoin crash.

bekti3

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We don't like to say bitcoin is falling, but word prefers to call it a correction. so you need to know the difference between the two words. Not all falls are corrections, and not all corrections are called falls.
fall it down. but the correction is floating in the middle.

Marvelman

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Quote from: NeuroticFish on April 22, 2021, 08:57:37 AM

Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

Since in the virtual space there's no gravity, Bitcoin cannot be falling.
-cut-

That's a good point.
While it may seem to some that bitcoin is falling, it is actually flying to others. All is relative and depends on the observer's point of view. Cheesy

Mamun74

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Falling? Not! I think, Bitcoin price is still fine.Now bitcoin price average $55k.We need to keep patience. Coz everything will be well.I think bitcoin price will rise.

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Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

Bitcoin is falling because in some countries government policy influence negative effect to Bitcoin or does not favour the Bitcoin market in the society of it kinds.

DannyHamilton

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Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

Failing? Seems to be working fine to me. The exchange rate has varied a bit recently, but that's a natural and expected part of the price discovery process.

aoluain

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Couple of things going on:

FUD spreading in conjunction with the fall in hash power in China last week.

Manipulation to flush out weak panicked sellers and buy cheap coins

"Alt Season" many are riding the chances of getting rich quick on the next
flavour of the month $hitcoin, like DOGE

TopTort777

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Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

There is a script, every time user creates topic with context like "why bitcoin is falling?" Bitcoin price looses 100$. Thanks for a price loss Angry

I think this is due to crypto ban or its partial ban in Turkey. Previous dump was caused by Coinbase stock COIN weak performance. No one knows why it is falling actually. Demand and supply, trades - that are the reasons of a fall Cheesy

NeuroticFish

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Quote from: dexzbitz on April 22, 2021, 08:51:37 AM

anybody know why bitcoin is falling Roll Eyes

Since in the virtual space there's no gravity, Bitcoin cannot be falling.
However, if you are asking why the hash rate has fallen "lately", that's because accidents in Chinese coal mines, resulting in power outage and mining plants being shut down (it'll get better in some weeks).
If you are asking about price, I think hat it's a manipulation attempt tied to the fact the hash rate has dropped, causing network congestion and high transaction costs.

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