Why Bitcoin Price is Down Today? - page 3.

kentrolla

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Quote from: Rockstarguy on May 22, 2024, 01:24:19 PM

Quote from: Apocollapse on May 13, 2024, 09:11:56 AM

What a joke, Bitcoin price only drop around 4% and now you're trying to find the reason from that tiny drop?

It was drop without any reason! just a normal supply and demand.

If you invest in high volatility asset, you need to accept the price can going up and going down for 10% in a day, 10% is also normal.

If you're looking for stable asset, check stable coin, you will not get heart attack for holding it.

Sometimes the price of bitcoin can not be predicted and when we assume that the price of bitcoin was caused by something it could even be something different. As an investors right in my mind I already know that the price of bitcoin is volatile which it can fall and rise at anytime, I see no reason why I should be bothered to know what could be the reason for the price of bitcoin when I know bitcoin is a volatile asset.

Just forget about the fall of price and invest, the fall of price is an opportunity to buy more bitcoin and you should not allow the fall of bitcoin to disturb the peace of your mind because the market can't do without volatility of price.

Yeah that's what art investors have been doing for years i mean we should be considering every single dip as a buy opportunity instead of cribbing and panicking about the dip which will lead us to incorrect decisions like panic selling. Mostly people who invest for short term tends to do this mistake and end up losing on profit by panic selling. People should realise Bitcoin is not gold to have a stable growth it can be extremely volatile as well.

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Quote from: Apocollapse on May 13, 2024, 09:11:56 AM

What a joke, Bitcoin price only drop around 4% and now you're trying to find the reason from that tiny drop?

It was drop without any reason! just a normal supply and demand.

If you invest in high volatility asset, you need to accept the price can going up and going down for 10% in a day, 10% is also normal.

If you're looking for stable asset, check stable coin, you will not get heart attack for holding it.

Sometimes the price of bitcoin can not be predicted and when we assume that the price of bitcoin was caused by something it could even be something different. As an investors right in my mind I already know that the price of bitcoin is volatile which it can fall and rise at anytime, I see no reason why I should be bothered to know what could be the reason for the price of bitcoin when I know bitcoin is a volatile asset.

Just forget about the fall of price and invest, the fall of price is an opportunity to buy more bitcoin and you should not allow the fall of bitcoin to disturb the peace of your mind because the market can't do without volatility of price.

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Quote from: EarnOnVictor on May 15, 2024, 03:09:57 AM

I don't think there is much to predict in Bitcoin that cannot yield accurate results, but the issue is that many do not know how to make the right predictions. Fine, no one can predict 100% accurately as there is no perfect trader/investor in the market, but I tell you today, if it is an average of about 95% predictive accuracy, yes, some traders/investors are still achieving that. Myself is trying in this aspect which makes me know that it is doable. However, what is happening in the world of Bitcoin is not unreadable, it is just a matter of too much expectation that backfires. Fine, Bitcoin may still rise but the time is what I do not know of, which is why we should continue to be patient even as we are accurately reading our trading charts for the best and real-time guide.

As it is now, Bitcoin is moving sideways and I've detected this in the last 2 weeks. It should continue like this for a while even as the following points are important for both buyers and sellers for future engagements. Bearish ($60,590, $60, 340 & $56,450), the break below of those levels may trigger more bearish pressure for the coin. Bullish ($63,130, $65,430 & 73,850). The breach of these levels means more bullish movements for the coin.

I am not sure if it will continue like this, but I think May could have some good days along the way that we are not seeing right now. Of course it is not going to be easy at all, but it wouldn't be all that hard neither.

We could see it start to grow eventually, we should be proud to have what we have, and not really worry about anything else. People are looking into this situation as very risky, but we are talking about something that would cause a lot of trouble. Just let the price be what it is and accumulate, because it could go up this month or maybe it won't but in the end we know that it will go up eventually, so accumulating is always the right strategy when we are talking about long term results for it.

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Quote from: Zanab247 on May 20, 2024, 03:40:46 PM

Quote from: Essential10

No matter how much you analyze whether the bitcoin price will go down or up, the price of bitcoin always goes up and down like an electrocardiography wave. OP I don't know exactly how you monitor the bitcoin market but I have been seeing bitcoin prices hovering between $60k and $65k for a long time. Since the current price of Bitcoin is in a position, I think that the price of Bitcoin is moving in a certain circle because the buying rate and the selling rate of Bitcoin are at the same level now.

There are opportunity when the price is going up, which is the time people use to sell their BTC to save for another bear run that will occur soon, and when the price is falling in the market, is another opportunity people use to buy BTC and hodl for long years before they can sell to establish other Businesses.

If you buy at this current price, it will be hard for you to be satisfy with what you are going to earn from the market because the price has hit $67k which people are still using this season to sell to make profits from the market.

I guess the numbers of people selling their BTC right now is high, because they want to meet up to buy BTC when the price fall back to $20k before they can buy again to prepare for another bull run.

When the market is going up then you would be having the opportunity to sell out
When the market is going down then you would be having the opportunity to DCA

Doesnt matter on what the market condition, there's always that opportunity for you to do so. It would really be just that a matter of choice on how an individual will really be reacting
on a certain market condition because not all would really be having on the same experience and with the same mindset on which it would be leading up on the same decisions.
Profitability will really be that basing up on how well you do find yourself handling on different market situations or conditions.

The key on here is that you are aware with those market conditions just because you are really that tending to deal up with something which is unpredictable
on which it needs planning and proper handling.

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Quote from: Essential10

No matter how much you analyze whether the bitcoin price will go down or up, the price of bitcoin always goes up and down like an electrocardiography wave. OP I don't know exactly how you monitor the bitcoin market but I have been seeing bitcoin prices hovering between $60k and $65k for a long time. Since the current price of Bitcoin is in a position, I think that the price of Bitcoin is moving in a certain circle because the buying rate and the selling rate of Bitcoin are at the same level now.

There are opportunity when the price is going up, which is the time people use to sell their BTC to save for another bear run that will occur soon, and when the price is falling in the market, is another opportunity people use to buy BTC and hodl for long years before they can sell to establish other Businesses.

If you buy at this current price, it will be hard for you to be satisfy with what you are going to earn from the market because the price has hit $67k which people are still using this season to sell to make profits from the market.

I guess the numbers of people selling their BTC right now is high, because they want to meet up to buy BTC when the price fall back to $20k before they can buy again to prepare for another bull run.

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Quote from: MiF on May 15, 2024, 08:19:14 AM

Quote from: shanhaigamefi on May 11, 2024, 03:51:02 AM

Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

There are so may reason why bitcoin price goes down it is because of the correction, halving, investors, news etc., we cannot point out sometimes on what is the main reason of the dropping of the btc price, the only one thing for sure is that it will surely bounce back after the dip and the investors who will buy on dip and hold till the bullish season will always win.

Many factors causes the price of Bitcoin to decline, some certain news or even whales when they decide to sell off and we are aware that volatility is part of Bitcoin. Good you made mention of corrections and that is just what we are currently experiencing. Within just a few hours the price of Bitcoin just moved from $62k to $66k which may slightly decline ones again so everything both the ups and down is what defines Bitcoin and we should be able to detect a good entry price.

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Quote from: shanhaigamefi on May 11, 2024, 03:51:02 AM

Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

The last one I followed why there is a rise in BTC in this near future, the US announced inflation figures and interest rate cuts and this may also have a little good impact is Robinhood launched a single staking in Europe and that is enough to make the market enthusiastic again. Good news like the above in my opinion is enough to increase investor interest to increase BTC purchases that were previously stagnant.

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Quote from: MiF on May 15, 2024, 08:19:14 AM

Quote from: shanhaigamefi on May 11, 2024, 03:51:02 AM

Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

There are so may reason why bitcoin price goes down it is because of the correction, halving, investors, news etc., we cannot point out sometimes on what is the main reason of the dropping of the btc price, the only one thing for sure is that it will surely bounce back after the dip and the investors who will buy on dip and hold till the bullish season will always win.

It all boils down to the news in my opinion, recently there are some negative news that really pull the price down after reaching new all time high at $73k. And although halving is done already, the effect will not be immediately felt. And that is why Bitcoin is very volatile as there are several factors that will affect the price. But at this point though, as I have said, we are post halving already and so I will be optimistic that the price is going to be on a huge run this year. And I'm seeing that the price could at least be at 6 digits at the end of the year. And just like the previous runs, we will have to wait and have patience to see the the price going on a massive parabolic rise this year and it will continue till 2025.

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Quote from: shanhaigamefi on May 11, 2024, 03:51:02 AM

Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

I don't mean that I don't believe in all the causes you mentioned, but the cause of price decline is still strong because of the law of supply and demand. If the reason the price is down is because there are still a lot of weak hands, I totally agree. People's fear of the decision to sell due to many developing issues cannot be avoided, but for those of us who choose the long term, I can say that this will not apply by continuing to hold.

The first thing I did after reading this post was go to the market to see how Bitcoin was currently priced.
The graph is still running horizontally from the previous ATH price.
If the level of holders increases, a vertical graph will occur, although I don't have strong analysis to give an idea.

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Quote from: shanhaigamefi on May 11, 2024, 03:51:02 AM

Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

There are so may reason why bitcoin price goes down it is because of the correction, halving, investors, news etc., we cannot point out sometimes on what is the main reason of the dropping of the btc price, the only one thing for sure is that it will surely bounce back after the dip and the investors who will buy on dip and hold till the bullish season will always win.

EarnOnVictor

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Quote from: Dunamisx on May 13, 2024, 10:22:53 AM

Since we all agrees on the fact that the bitcoin market is volatile, then we should expect for it to fall and likewise rises the same day as the case may be, we cannot accurately predict what may happen at any time, but instead, we can choose to add up to the chances on us making profits by this if we understand well on how to speculate, this is the way we are going to have the best position with our stand on investing with bitcoin

I don't think there is much to predict in Bitcoin that cannot yield accurate results, but the issue is that many do not know how to make the right predictions. Fine, no one can predict 100% accurately as there is no perfect trader/investor in the market, but I tell you today, if it is an average of about 95% predictive accuracy, yes, some traders/investors are still achieving that. Myself is trying in this aspect which makes me know that it is doable. However, what is happening in the world of Bitcoin is not unreadable, it is just a matter of too much expectation that backfires. Fine, Bitcoin may still rise but the time is what I do not know of, which is why we should continue to be patient even as we are accurately reading our trading charts for the best and real-time guide.

As it is now, Bitcoin is moving sideways and I've detected this in the last 2 weeks. It should continue like this for a while even as the following points are important for both buyers and sellers for future engagements. Bearish ($60,590, $60, 340 & $56,450), the break below of those levels may trigger more bearish pressure for the coin. Bullish ($63,130, $65,430 & 73,850). The breach of these levels means more bullish movements for the coin.

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Quote from: Volimack on May 14, 2024, 10:29:34 PM

Quote from: shanhaigamefi on May 11, 2024, 03:51:02 AM

Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

It is very difficult to understand the exact reason of the market but the market is still in a good position maybe the price drop is creating new opportunities for investors to invest more. As far as I understand the recent drop in the price of bitcoin has nothing to do with economic uncertainty or the economy and will have no effect on bitcoin. Due to the fake news situation in the crypto market the prices of cryptocurrencies are also falling which has no effect on the demand for long-term investments in bitcoin.

I think that with a correction it is very important to create a very attractive situation for more and more investors to want to place their funds, so that they can produce something that is highly anticipated in due time.
I think whether big or small information about world economic developments or any information on social media will at least influence the movement of crypto, it depends on how much that role will influence. some are only temporary but quite a few also last a long time. but it is common and there is nothing strange in crypto everything will return to stability.

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Quote from: shanhaigamefi on May 11, 2024, 03:51:02 AM

Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?

It is very difficult to understand the exact reason of the market but the market is still in a good position maybe the price drop is creating new opportunities for investors to invest more. As far as I understand the recent drop in the price of bitcoin has nothing to do with economic uncertainty or the economy and will have no effect on bitcoin. Due to the fake news situation in the crypto market the prices of cryptocurrencies are also falling which has no effect on the demand for long-term investments in bitcoin.

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I'm not necessarily interested in finding out the exact reason why the price of bitcoin dropped - but the drop was clearly for one reason or another. The market has been considered to be on a bearish trend after the halving last April - but I don't think so because the downturn is normal. Market demand has not been that great so far and this makes the market a bit dull for anyone expecting a big rise post-halving. I don't think it's the best idea to expect the price of bitcoin to rise a lot in the month after the halving - so a drop like this should be considered normal until you understand enough what the volatility does to your investment strategy.

Quote from: GeorgeJohn on May 14, 2024, 05:30:41 PM

Quote from: adpinbr on May 11, 2024, 05:01:45 AM

-snip-

if you are a bitcoin investor you have to observe the market very well before you invest because there is every tendency that the price of Bitcoin may fall after you have invested and there is everything tendency now the price of Bitcoin may rise after you have purchased so this is to show or to tell you that bitcoin market is unpredictable and the market cannot be said that is on statistics equilibrium why it is not so invest in Bitcoin whenever you have make your research and also learn how to interpret the chat of Bitcoin before you venture into the Investment to avoid loss

Yes - that's the reality. However, this tendency can basically be exploited if investors have a strategy that has been prepared before investing - one of which is DCA. A good investment strategy approach will determine how much bitcoin you can accumulate rather than a lump sum - but there must still be consideration of risk so that they don't get too greedy.

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Quote from: adpinbr on May 11, 2024, 05:01:45 AM

A lot of factors effect bitcoin and make it to go down and other coins too, it because of the current news or panic, the must important thing is to take precautions and do the right thing to achieve what you want, doing is to listen and follow the current threads about bitcoin

if you are a bitcoin investor you have to observe the market very well before you invest because there is every tendency that the price of Bitcoin may fall after you have invested and there is everything tendency now the price of Bitcoin may rise after you have purchased so this is to show or to tell you that bitcoin market is unpredictable and the market cannot be said that is on statistics equilibrium why it is not so invest in Bitcoin whenever you have make your research and also learn how to interpret the chat of Bitcoin before you venture into the Investment to avoid loss

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Quote from: Smack That Ace on May 14, 2024, 10:03:08 AM

Quote from: spectre71 on May 13, 2024, 08:50:08 AM

Quote from: Smack That Ace on May 12, 2024, 11:23:30 PM

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What I don't understand is why people HODL (that's fine) and come on here to convince everyone else that's they way. Are they convincing others or themselves? If your going to HODL then do that and don't waste time here, invest your time in something else or go to the gym or something. Treat it like a job.

No one is free and wastes time convincing others, what we are doing is just sharing the ways that can bring the best profits in the market and Hold is one of the best ways we have. We only share experiences and knowledge with each other, no one convinces anyone.
If you don't like Hold, don't hold and ignore that advice, and you don't need to spend time criticizing just because we don't have the same thoughts as you. You advise others not to waste time here to convince others, why don't you do the same, spend time for yourself instead of spending time complaining to others?

On the time that reading up someones real experiences then it would be best that you shouldnt really be taking this as an indication for you to have on the same decision as well. You could really be able to have that kind of comparison on whatever you had analyzed earlier and would be just that tending to apply if ever it would really be something significant on your part. Shared informations arent really that
as bad either. Its true that no one forced you to do the same on which we know that it would be on your own free will on whatever the things that you would gonna tend to do so.

Why Bitcoins price is down today? Its just like an ordinary day here on crypto space and its never been new and its never been that a shocking day because volatility is something that been attached by it
since from the beginning of this market. Movement of its price or value is never been that fixed nor really that static on which means that it will be always moving unpredictably.
Therefore, outcomes or results will really be determining on how well you do handle yourself into this place.

Smack That Ace

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Quote from: spectre71 on May 13, 2024, 08:50:08 AM

Quote from: Smack That Ace on May 12, 2024, 11:23:30 PM

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What I don't understand is why people HODL (that's fine) and come on here to convince everyone else that's they way. Are they convincing others or themselves? If your going to HODL then do that and don't waste time here, invest your time in something else or go to the gym or something. Treat it like a job.

No one is free and wastes time convincing others, what we are doing is just sharing the ways that can bring the best profits in the market and Hold is one of the best ways we have. We only share experiences and knowledge with each other, no one convinces anyone.
If you don't like Hold, don't hold and ignore that advice, and you don't need to spend time criticizing just because we don't have the same thoughts as you. You advise others not to waste time here to convince others, why don't you do the same, spend time for yourself instead of spending time complaining to others?

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Quote from: Apocollapse on May 13, 2024, 09:11:56 AM

What a joke, Bitcoin price only drop around 4% and now you're trying to find the reason from that tiny drop?

It was drop without any reason! just a normal supply and demand.

If you invest in high volatility asset, you need to accept the price can going up and going down for 10% in a day, 10% is also normal.

If you're looking for stable asset, check stable coin, you will not get heart attack for holding it.

Price corrections are very natural in Cryptocurrencies, especially Bitcoin, we know that traders like whales who use quite large amounts of money often do pumps and dumps in the market. To increase the price of Bitcoin again is of course very easy, we can see that the price of Bitcoin has now gone up again. So far, when you want to trade in Bitcoin you have to understand the risks of rising and falling Bitcoin prices which must be utilized properly to make a profit.

Dunamisx

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Since we all agrees on the fact that the bitcoin market is volatile, then we should expect for it to fall and likewise rises the same day as the case may be, we cannot accurately predict what may happen at any time, but instead, we can choose to add up to the chances on us making profits by this if we understand well on how to speculate, this is the way we are going to have the best position with our stand on investing with bitcoin

Apocollapse

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What a joke, Bitcoin price only drop around 4% and now you're trying to find the reason from that tiny drop?

It was drop without any reason! just a normal supply and demand.

If you invest in high volatility asset, you need to accept the price can going up and going down for 10% in a day, 10% is also normal.

If you're looking for stable asset, check stable coin, you will not get heart attack for holding it.

Topic: Why Bitcoin Price is Down Today? - page 3. (Read 739 times)