Topic: Why Bitcoin Price is Down Today? (Read 592 times)

Supply and demand is what dictates the price of bitcoin, so if bitcoin is up in price it means there is high demand of bitcoin and little supply which means there would have to buy bitcoin at a higher price and when price is low it means there is enough bitcoin and little demand so the price gets low, selling and buying is what tips the scale of the supply and demand law, you see bitcoin had a fixed supply and can't suffer inflation so when much people are holding bitcoin it affects the available supply and causes scarcity which in turn makes price soar for buyers cause no one wants to realese his to them and vice versa.

I agree that we are on a bull path right now, and it should probably do a lot better with time, so we should not really consider how we could get any worse, we should consider how we could get better with time. This is why I believe that we are going to do wonderful, we just need to give it some time. I know that it is going to be a tough situation, and it is going to be not a good day, we just need to focus on how to get better.

If we keep thinking about the falls, then we are going to have some worries and fears, but if we keep thinking about the recovery after each fall, then we are going to have hope and courage to invest more. This is why I suggest people ignore the drops, but see the increases, to have more hope towards bitcoin.

Well, it's simple and easy for people with knowledge and patience, but those who lack knowledge and also aren't very patient will have a hard time when they see the market losing value because they don't know anything about the market's volatility and how it goes up and down from time to time as they aren't knowledgeable enough, this is why everyone involved in cryptocurrencies needs to have enough knowledge about the market before they get into it.

We are people who have been in the industry for quite sometime, we have seen a lot of ups and downs in the market, we were here when Bitcoin crashed to $16k earlier this cycle and we have witnessed projects such as LUNA and FTX failing badly and causing a lot of panic and FUD in the market, so volatile movements don't bother us, but it's not the case with everyone out there as I said.

This is the crypto market, it doesn't have to be easy and every movement of the market always has a different movement, sometimes bullish and sometimes down, this is a movement that is no longer surprising for investors, and the price of Bitcoin will of course vary at any time. .

There are days when it has to be down, it's as simple as that and nothing more. I understand that people may react like it is not going to be all that easy, but it's quite easy when you think about it, there isn't really any big reasons for it, we are talking about something that will be quite simple.

We just end up doing something that will not take that long, because whenever we go down, it takes only a few days to go back up, bitcoin is on a bull path right now hence we won't stay down for too long. This is of course not that simple to react, some people will say it is going to be long time, because during bear periods it takes time but contrary to what they believe, I believe that we are on bull path and will go on for a while longer.

The whale you are referring to is a person who has a lot of capital to move the market and this is something that everyone can explain if they know it. Because there is no price movement in the market without a cause, so things that can influence the market and many people buying a coin are part of the cause. And whales are also people who seek different profits in the market so this doesn't need to be addressed too complicatedly because whales have more ability to influence market conditions.

I also look more at active trading and at different supply and demand in the market as causes of price decreases and increases. Because it is much more logical to look at than speculation about whales influencing the market, even though there are whales who always make the market change in a matter of days. But demand and supply are the real thing that many people can see in market conditions every year so it has become a very common cause now.

You are correct though cause most of the things you mentioned affect Bitcoin behavior partially and just like they have replied above, Bitcoin is volatile that means it can rise and fall anytime and any day and I don't think we should be disturbing ourselves on the factors that affect Bitcoin now rather we should be thinking on how to accumulate large number of it and hold it so that by the time the bullish period will reach everyone will make something from it and I know that we when this bullish period will come those short term investor will pull out their money and wait for another dip before investing but that is not the best way to go about investment.

I think, demand and supply are the major factor that makes Bitcoin price to increase and decrease which you don't need to allow such thing to cause you challenge, because there are some investors always use bearish season as an opportunity to purchase and hold, and use bullish season as an opportunity to sell to add income. This is the right time to purchase Bitcoin, if you have enough capital to purchase Bitcoin, because investors are still expecting $80,000 before the end of this year which it will definitely happen soon. What is happening in the market, is an opportunity for those that missed it before to quickly use this current price to purchase Bitcoin and hold before the bullish season will appear.

There are many reasons that cause market movements to go down or up. It could be because of news that makes prices depressed or, as you said, because of manipulation by whales. Anything can happen and that's normal in a movement like this. That's where the art of investing in crypto lies.
But what is most common is that, due to active trading, demand and supply differ, resulting in direct changes.

Outside there are various speculations that can be seen, especially regarding the price of Bitcoin and one of them is the phenomenon of decline.

For example, some of the speculation I've read.

These three factors, in my opinion, one of the current situations that allows the influence of the decline on Bitcoin and there are many other cases that can be matched with the current decline in Bitcoin.

But you should stick to your own principles, if you look at the Bitcoin price this year, it hasn't shown any significant movement, my principles and my speculation Bitcoin will experience price increases that are far beyond the minds of investors and Bitcoin users themselves, conclusion: you must have Bitcoin in your wallet.

Prices are not always a burden for Bitcoiners, unless they are traders, so it is appropriate for us to say relax.
Beginners don't always stay with their status as beginners. If beginners are willing to take the time to continue figuring out what it should be, I believe they will change and not want to become traders with Bitcoin.

Market ups and downs are completely normal. By taking advantage of market cycles like that, they will be aware of what decisions to take.
We admit that our goal is the same as Bitcoin, it's just a way that differentiates us from market players in general that we mean.

An experienced trader will not asks about the volatility of Bitcoin prices because he knows that the Bitcoin will always change from time to time. He will analyzes the Bitcoin market and check where the trends moves so he can determines when he can enter to the market. If he feels that he doesn't have to enter the market, he will not do something instead watch the market moves. Before he enter to the market, he will always analyze to see the chance for him to make a profit. He doesn't needs to forces himself to enter the market, especially if he see the market is not in good situation.

Long term holder will knows how to act except they are gets in the trap because of the volatility of the Bitcoin prices. With this volatility of Bitcoin prices, we must learn more to adapt with the current situation.

I've been looking for answers for this question, but it seems nobody can give an accurate and satisfactory answer.

The only thing we can interpret is what the market is trying to tell us at the current moment. As I see, whales don't want to raise Bitcoin's price yet. They want impatient investors to put their coins for sale, so those whales can surprise everyone with a sudden pump over BTC price.

It's more or less like this: since everyone is expecting Bitcoin to pump, it's not going to happen. But as soon as people decrease their alert on this matter, then Bitcoin will start being pumped. And those who waited patiently will be rewarded.

I know it's quite frustrating to not find the answers we are looking for, and more yet to not know when Bitcoin is going to finally break the 70,000$'s line with stability, but there is nothing we can do about it. At least, not that I'm aware about.

During every bull market, we will definitely be getting up to 20% -30% retracement in the market and it is very healthy for the market and whenever you see these pullbacks, then that is a gifted opportunity to position and reposition yourself in the market and not for panicking, After the price reached $70k, it was a due for the price to come back and gather another momentum for a further move to the upside and $66k-$67k was the good retracement zone for the price to get a bounce and that's why we saw the price dropped.

Not all cryptocurrency price movements in the market always have an explanation. Sometimes the price movements that occur can be caused by the influence of whales who are manipulating coin prices in the market. But it's not always like that because usually whales will make movements depending on good news or bad news, there are several large media that can influence prices on exchanges.

Totally different on which we know that institutional funds are already that flowing on crypto space and different ETF's now are neither approving or declining on which these sentiments are really that affecting on the current market condition that we do have now. If we do compare out that predictability of the price in todays market then i would say that it is really that far more that you could anticipate basing up
on the news condition whether positive or negative on which we could really be able to assume out on where it would be heading, but of course this isnt something that will really be giving out that assurance
because this market is always been that unpredictable on where movements could really be always random and something that cant really be predicted.

On the moment that you would really be deciding on stepping your foot into this market then expect the unpected for things to happen on which we know that this would really be a roller coaster like ride.
There's no way that you could really be able to make out that kind of precise predictions no matter how good your technicals or fundamental analysis is. There's no way that you could apply 100%
accuracy no matter how old or veteran you are on this market on which predicting prices and on where it would be going is always that a pain in the ass.

I agree, very often we see newbies and other inexperienced traders trying to find explanations for even the smallest movements on the market, but very often there is no other explanation than that is just the way the price is moving right now, only big movements can have some sort of definitive explanation, but even that is not completely true, so the most important thing for a trader is to concentrate on the price itself and stop worrying too much about why the price does what it does.

This year there have been many very different market players in the crypto market and this has happened with Bitcoin, causing the rate of price correction to be less than in previous years. So it is true that those of us who have become part of the market must be more relaxed in responding to various reasons and uncertain speculation regarding the next price in Bitcoin. However, price decreases and increases in the market always refer to supply and demand benchmarks apart from the effects of bad issues which can still shake the minds of a small number of market players at this time.

What happens next when the price reverses the decline? Is there a reason why that happens?

Relax. Not always focused on the various reasons behind every market event. When the time has come for an event, just stick to the theory of supply and demand.
If most market players are still vulnerable to issues that make them easily give up and make the decision to sell, that will influence the decline.
If in an annual period there is a decline as has occurred recently, it can still be considered a normal condition.

Some people will always question the volatility of Bitcoin prices, even if they are experienced. This is sometimes important to worry about so you can decide what your next plan is if you are a trader. You can make a good trading plan and take advantage of price volatility to make profit, but if you are an investor then you can accumulate during correction.

There is no worry if you don't have a plan, I mean long term holder tend to be fine without being affected by volatility. Meanwhile trader and short-term investor tend to worry about the price because they really don't want to miss out on the opportunity to get maximum profit.