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Topic: Why Bitcoin is Falling - page 2. (Read 242 times)

hero member
Activity: 994
Merit: 1089
September 26, 2022, 06:21:08 AM
#3
When I see the article that is shared by my one of friend , Is really good and worthy to Read
The article is from 7/9/2022, so it is many days old already, and in a volatile network like this, it is probably an 'old' news as a lot may have happened since then.

However the article doesn't have any new information, or something we have not read before, it is the normal statement of what 'someone' believes happened that caused bitcoin to fall. Whenever there is a rise or fall the 'news' tries to peg it to some particular reason that will be good for their channel, blog, article, etc, even if they have little proof that it was a reason for the price movement. Sometime ago every fall was said to be caused by Elon Musk, lol, market crashes no longer happen simultaneously with some of his fud talks, so people no longer write about him.
But I want to more about Bitcoin Stability so thats why I share this here.
Bitcoin is volatile, for now. Weak hands start dumping when there is a crash, and they make it worse as time goes on, it is good anyway, winter periods like this helps to take out weak hands from the network, and in the long run with real bitcoiners, bitcoin may be more stable.
Please forgive me if I send anything wrong here.
You didn't, no apologies necessary.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
September 26, 2022, 05:56:15 AM
#2
Quote
As per experts, the number of whales depositing their Bitcoins on the exchange has increased massively. Data depicts that around 90% of the deposits on exchanges have been from whales.
Last three months? It falled to $17600 which was a very great resistance support.

All I can say now is to advice people to just buy and hold, there would likely not be much further fall below $17500, even if bitcoin price would get to that price.

My advice for people that have bought before is that they should never sell in loss, they should wait because the bulls will come after the bears.  The bears of today are the bulls of tomorrow while more people will fomo and oin also.
jr. member
Activity: 33
Merit: 3
September 26, 2022, 05:45:06 AM
#1
Source - https://coingape.com/this-can-be-major-reason-behind-bitcoin-price-fall/

When I see the article that is shared by my one of friend , Is really good and worthy to Read .
But I want to more about Bitcoin Stability so thats why I share this here.

Please forgive me if I send anything wrong here.
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