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Topic: Why Bitcoin price is falling? (Read 1295 times)

hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
August 30, 2022, 01:50:13 AM
the weekly candle close is still waiting for a few more hours,
if the bitcoin price can be above $22k again then it is the right time to buy Bitcoin under $30k,
because according to TA bitcoin can reach $30k.
You made me laugh pal, I think you are over-ambitious about Bitcoin by calling huge highs it will attain assuredly without looking at more obstacles to its rising. Inflation is still an issue for Bitcoin, not to mention global economic issues. Even if it breaks your $22,000 level, what about the high of August at $25,208.78? You totally ignore that, meaning you don't even analyse the market at all.

Bitcoin prices are always fluctuating, the last 2 days the price continues to fall and now around $ 21K, for those who have money then this is a good opportunity to buy, I'm sure next week the price of Bitcoin can return to $ 24K or increase more than 13%.
Can you see that this speculation of yours has failed? See, trading is not about just calling values, it is about good analyses that will help you determine what the market might really do. You should know that a lot of forces are calling for the selling of Bitcoin, how could a mere $21,000 resist that in August after a bullish correction?

Indeed the price of bitcoin has fallen deeply due to the war situation between Russia and Ukraine and the close correlation with technology stocks, soaring inflation, and interest rate hikes by the Fed. As a result it has reached extreme fear in the market and more and more negative sentiments have kept the crypto market in a bearish trend.
I am with you on this, and it shows that you know the economics around Bitcoin unlike many in the forum.
full member
Activity: 588
Merit: 223
August 30, 2022, 12:55:01 AM
Bitcoin prices are always fluctuating, the last 2 days the price continues to fall and now around $ 21K, for those who have money then this is a good opportunity to buy, I'm sure next week the price of Bitcoin can return to $ 24K or increase more than 13%.
This drop in the price of bitcoin is neither strange nor surprising. Because if we look at price patterns from the last 1 decade, the bitcoin adoption process has indeed experienced a bull & bear phase. Down 93%, then up 55K%, down 85%, up again 11K%, and so on.
I strongly believe Bitcoin reaches new ATH in the future, holding Bitcoin long term can yield huge profits.
full member
Activity: 671
Merit: 104
Buzz App - Spin wheel, farm rewards
August 29, 2022, 09:17:29 AM
It's hard to know for sure what caused the bitcoin price to drop.

 Bear market cycle, 4 year cycle will repeat.

 Current world economic situation: The protracted war between Russia and Ukraine has disrupted supply and demand around the world. High inflation the Fed raised interest rates caused the dollar to rise, causing gold and bitcoin and other assets to plummet. Bitcoin is considered an anti-inflation solution, but currently investors' confidence in it is still not high so bitcoin is still not considered a safe-haven option.
Indeed the price of bitcoin has fallen deeply due to the war situation between Russia and Ukraine and the close correlation with technology stocks, soaring inflation, and interest rate hikes by the Fed. As a result it has reached extreme fear in the market and more and more negative sentiments have kept the crypto market in a bearish trend.
full member
Activity: 910
Merit: 100
August 21, 2022, 02:25:20 PM
Bitcoin prices are always fluctuating, the last 2 days the price continues to fall and now around $ 21K, for those who have money then this is a good opportunity to buy, I'm sure next week the price of Bitcoin can return to $ 24K or increase more than 13%.
the weekly candle close is still waiting for a few more hours,
if the bitcoin price can be above $22k again then it is the right time to buy Bitcoin under $30k,
because according to TA bitcoin can reach $30k.
hero member
Activity: 2128
Merit: 658
Leading Crypto Sports Betting & Casino Platform
August 21, 2022, 06:03:18 AM
It is very important to be able to manage emotions so as not to panic when the price of bitcoin is down, especially lately the crypto market is still sluggish due to the weakening world stock index and the increase in interest rates by the FED. Moreover, the current decline in bitcoin prices is due to widespread stock selling in the US market last week, causing the crypto market to go crazy and panic selling to occur.
I do believe that we are going to end up with something that is a bit more sensitive going forward. If we end up with panic or scare or even too much happy excitement, we could end up losing money and that's not something you may want. I would suggest that the best thing to do right now is be like a robot, do not have any feelings, hold it as long as possible.

If you end up having emotions during a volatile period when it is not known if we are going to skyrocket parabolic or not, then you are going to end up regretting it for the rest of your life. I say just forget about it, remove all thoughts of bitcoin from your brain after you buy it, and only come back if you see it going crazy on tv.
Agree, It would be good after buying Bitcoin and excluded all the related things from the head. Because you have purchased Bitcoin, if the price has dropped you are worried. There may be a major disaster again where you may be physically ill. You should only remember the key or pass phrase or keep it in the right place and forget everything. There will be a time when you know that you are a milliner then you will come back again.
hero member
Activity: 2576
Merit: 586
August 20, 2022, 02:09:12 PM
hold for 1 or 2 years? my advice is don't hold it too long, yes I understand that you are very believer in bitcoin, b
ecause Bitcoin is a new technology, and is known as Blockchain, so get rid of the thought that technology is the future and the price of bitcoin will also go up,
don't think about it!, think in the short term, because the risk received will be much less
If that is what he want, what can you do? 1 to 2 years is not too long if you are a long term investor but the real long for them are 5 or more years. Bitcoin is not new and blockchain is different. Blockchain is only just a technology that bitcoin is using. They say that bitcoin is the future and as well as the blockchain. That might be true because the world is turning into digital and there are still many unexplored areas in the blockchain which could greatly improve the lives of the people. To the question on why btc price is falling.

Well, there is that bear cycle and also there is that global crisis and inflation which had a negative impact on the crypto market.
hero member
Activity: 700
Merit: 577
August 19, 2022, 12:46:17 PM
Okay. Thank you very much for the responds and contributions. But what I was told was the whales are the causes of the bullish and bearish market of  bitcoin. Is it true, if it is true, how? Because based on the orientation I was told that bitcoin is a decentralized digital currency which nobody controls it but the new orientation is contradicting the old one.
legendary
Activity: 2086
Merit: 1058
August 19, 2022, 12:30:51 PM
It is very important to be able to manage emotions so as not to panic when the price of bitcoin is down, especially lately the crypto market is still sluggish due to the weakening world stock index and the increase in interest rates by the FED. Moreover, the current decline in bitcoin prices is due to widespread stock selling in the US market last week, causing the crypto market to go crazy and panic selling to occur.
I do believe that we are going to end up with something that is a bit more sensitive going forward. If we end up with panic or scare or even too much happy excitement, we could end up losing money and that's not something you may want. I would suggest that the best thing to do right now is be like a robot, do not have any feelings, hold it as long as possible.

If you end up having emotions during a volatile period when it is not known if we are going to skyrocket parabolic or not, then you are going to end up regretting it for the rest of your life. I say just forget about it, remove all thoughts of bitcoin from your brain after you buy it, and only come back if you see it going crazy on tv.
sr. member
Activity: 1666
Merit: 268
August 18, 2022, 05:57:12 PM
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.


i agree with you so many factors that make bitcoin go down. But this is an opportunity for us to continue buying bitcoin in the hope of 1 year or 2 more years being a big profit. We just have to be smart to look for loopholes to make a profit.

For people who have studied Bitcoin properly, definitely don't panic to see the Bitcoin price fall, what they have in mind is the falling Bitcoin price as
an opportunity to buy Bitcoin at a cheap price. That's why when Bitcoin fell to the price of $17k, for people who believe in Bitcoin already bought
Bitcoin at that time, and now with Bitcoin at $23k they can take profit. But my advice is indeed holding Bitcoin in the long term can generate very
large profits, so instead of taking profit now, better continue collecting more Bitcoins. It will pay off when Bitcoin reaches new ATH in the future,
therefore learn Bitcoin properly, then we will not hesitate to hold Bitcoin in the long term.
hero member
Activity: 3010
Merit: 794
August 18, 2022, 05:21:00 PM
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.


i agree with you so many factors that make bitcoin go down. But this is an opportunity for us to continue buying bitcoin in the hope of 1 year or 2 more years being a big profit. We just have to be smart to look for loopholes to make a profit.
hold for 1 or 2 years? my advice is don't hold it too long, yes I understand that you are very believer in bitcoin, b
ecause Bitcoin is a new technology, and is known as Blockchain, so get rid of the thought that technology is the future and the price of bitcoin will also go up,
don't think about it!, think in the short term, because the risk received will be much less
Its totally opposite if you do take the path on making decisions on short term basis since you would really be actively dealing with price volatility and this is the main reason on why some people do much

prefer on holding for long term just to make themselves able to avoid on higher risk on dealing with short time trade decisions or with their investment.Speaking with bitcoin price falling then it would really   

be just normal that a market could really be having this kind of behavior since there are buyers on low price then it would be common sense that there would be sellers on higher price
and this is where we do really get or make profits which is really just a typical stuff.
full member
Activity: 1110
Merit: 104
August 18, 2022, 01:22:06 PM
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.


i agree with you so many factors that make bitcoin go down. But this is an opportunity for us to continue buying bitcoin in the hope of 1 year or 2 more years being a big profit. We just have to be smart to look for loopholes to make a profit.
hold for 1 or 2 years? my advice is don't hold it too long, yes I understand that you are very believer in bitcoin, b
ecause Bitcoin is a new technology, and is known as Blockchain, so get rid of the thought that technology is the future and the price of bitcoin will also go up,
don't think about it!, think in the short term, because the risk received will be much less
full member
Activity: 1260
Merit: 103
The OGz Club
August 18, 2022, 12:50:53 PM
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.


i agree with you so many factors that make bitcoin go down. But this is an opportunity for us to continue buying bitcoin in the hope of 1 year or 2 more years being a big profit. We just have to be smart to look for loopholes to make a profit.
It's smart to take steps and analyze them well, that's what you have to do when trading,
especially in a bear market like today the price will be difficult to predict,
it's because of increased volatility and makes Pump and Dump happen.
sr. member
Activity: 1148
Merit: 432
August 18, 2022, 04:50:10 AM
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.


i agree with you so many factors that make bitcoin go down. But this is an opportunity for us to continue buying bitcoin in the hope of 1 year or 2 more years being a big profit. We just have to be smart to look for loopholes to make a profit.
sr. member
Activity: 643
Merit: 263
#SWGT PRE-SALE IS LIVE
August 18, 2022, 12:04:17 AM
I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.
Don't know for sure Bitcoin will go down or up this year, for sure some Bitcoin prediction experts say so, Bitcoin will decline, for sure you can monitor Bitcoin developments every day, who knows the predictions of experts can come true.

In theory and speculation, it is very likely that bitcoin could decline, there is no definite reason, just an estimate.
full member
Activity: 1189
Merit: 107
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
August 17, 2022, 08:28:42 AM
Quote
Basically there are several factors that cause the price of bitcoin to fall. Firstly the price of bitcoin depends on the balance of supply and demand. In addition, fear and greed and psychological factors of investors also often affect the price of bitcoin to fall very deeply.
I agree with you that the price of bitcoin depends on demand and supply because whenever there is high in demand in the market, the price will be high for buyers to purchase at the moment. But whenever there is high in supply in the market, the price will be low for buyers to purchase and hold for future. Those two factors make the price of bitcoin to fall in the market which many people are aware of these two factors not to be panic at the moment when the price of bitcoin is decreasing in the market than to believe that the price of bitcoin will not remain low forever in the market.
Right. It is very important to be able to manage emotions so as not to panic when the price of bitcoin is down, especially lately the crypto market is still sluggish due to the weakening world stock index and the increase in interest rates by the FED. Moreover, the current decline in bitcoin prices is due to widespread stock selling in the US market last week, causing the crypto market to go crazy and panic selling to occur.
STT
legendary
Activity: 4102
Merit: 1454
August 10, 2022, 01:05:27 PM
Right now Im positive on BTC challenging higher prices.   Just we need to keep 23k which already was challenged yesterday and earlier today.   We rose with higher volume from that point and now we're going sideways a bit.

The problem with my optimism is like when the storm has stopped but your driveway is full of snow and the road also is feet deep in snow, in fact the whole town.   We are not going anywhere till we clear the prior selling, its heavy stuff and it'll take a while.
  I do think its 2022 the rest of this year at least to find our way back to a positive track, it would be nice if we continue higher here right now not break this trend of several weeks.
hero member
Activity: 700
Merit: 577
August 01, 2022, 11:56:43 AM
Bitcoin price falled because the price can not keep increasing, the price will increase and fall, that is normal as people are buying and selling it. That is called volatility.  The fall is just correction, people that have not bought bitcoin would be able to buy and know that they have not missed. This is just the right time to buy more bitcoin because the price will still increase and reach all-time-high. Recently, the price is not even falling below $30000 yet but if even falled below, all-time-high is still certain.
But I was told that people who are called whales control the market. Though I am not really sure but to some extent I believed the notion because those whales can buy enough and stored it in their custody which will make the market bull base on the scarcity of bitcoin online space at that time. And also the reverse is the case as well. Because if the whales released the BTC in their custody to the market then it becomes bear market. So, if it is true then their is a controllers in the market.
sr. member
Activity: 1358
Merit: 253
June 29, 2022, 01:13:38 AM
The decentralization system is unique, no one can ascertain whether the price will go up or down, of course this is a choice that is not easy, if we have a target for profit then I suggest to buy now and hold at least a year, the condition of the world's economic that is currently inflation makes Investors have increased expenditure so that crypto becomes an asset that is immediately sold.
hero member
Activity: 2408
Merit: 584
June 28, 2022, 12:09:21 PM
I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.
if you ask me to suggest why bitcoin prices falling continuously, I only suggest that it is as a result of the Russian crisis with Ukraine and again the buyers who enter the market of cryptocurrency is no longer coming in and marks unlike before so with that fat I will say is what is causing cryptocurrency to fall
But, before the war happened we are already on this situation where prices have been dumping. The war didn't bring negative effect but it actually help the price to recover a little since both countries learn to adopt bitcoin and other cryptos after that. Don't say that there are no buyers because if that was true then the price would have became stagnant or will only fall more.

If we compare the buyers and hodler before from now, we can see the big difference that their numbers have increased dramatically. The price falls because we are in the bear cycle. This is normal. After some time, the bull will take its place so we better fill our bags now.
member
Activity: 569
Merit: 10
June 27, 2022, 02:08:20 AM
Falling and rising is normal, the concept of decentralization must be falling and rising, this provides benefits, when rising then you should sell and vice versa when falling then buying is a good thing, there may be no low or expensive price limit, but if we are accustomed to trading then will have conclusions the current price is cheap or there are still opportunities to fall.
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