Why Bitcoin price is falling? - page 6.

lornadane

full member

Activity: 529

Merit: 101

Quote from: ?? on ??

Quote from: eaLiTy on May 05, 2022, 05:43:44 PM

Unlike in the past, the cryptocurrency market does move according to the global financial situation and the exact reason why the market is going down rapidly is because of the fear of recession is looming upon is and in situations like these, investors would bail out and look for much safer investment like gold and the raising of the interest rate is another factor for the fall.

At this time, the crypto movement factor is not too far away, as well as the global financial situation will determine the market will go down or just collapse, the dollar and gold are still the main sources in determining crypto movements, negative and positive reactions really depend on how the dollar and gold react, although in general crypto is not tied completely to anything, but this role is still the same to whatever will happen in the future, recession and inflation can affect fiat currency or crypto as a whole

Even though it didn't move too far, in recent days bitcoin's decline was felt.
I don't know what else is happening behind the current decline in the price of bitcoin, even though last week the price of bitcoin has started to improve.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: Mate2237 on May 03, 2022, 12:44:16 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.

Unlike in the past, the cryptocurrency market does move according to the global financial situation and the exact reason why the market is going down rapidly is because of the fear of recession is looming upon is and in situations like these, investors would bail out and look for much safer investment like gold and the raising of the interest rate is another factor for the fall.

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: Mate2237 on May 03, 2022, 12:44:16 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.

It is impossible to expect bitcoin to continue to rise, and vice versa. Bitcoin fluctuates all the time and we don't really know the exact reason why it is going down and why it is going up.

Sometimes it's the little things that trigger the rise, and vice versa. This is what makes me think that bitcoin is a unique investment asset compared to other real investment assets like gold and stocks. Today we are in a down phase, but maybe tomorrow we will be in the opposite phase. But whatever you have seen today and before about the bitcoin price, then rest assured this is just a dynamic that will benefit traders and investors in the market.

judaspriest

full member

Activity: 1330

Merit: 100

C O M B O

yesterday the price of Bitcion rose to $40000, but today it is unfortunate that Bitcoin fell to $36000 and has broken its strongest support if according to the trend line,
if the price of Bitcoin is below $35000 then the strongest support is at $33000, and if it breaks, then we will see Bitcoin bleed, like bubbles again
even though the market news sentiment is also not too bad, some even say this is due to rising interest rates in the United States

doomloop

hero member

Activity: 2268

Merit: 581

Quote from: Chato1977 on May 04, 2022, 11:08:51 PM

Quote from: Mate2237 on May 03, 2022, 12:44:16 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.

may I ask what is the reason of this question? at least if you are looking for chance to buy and hold or at least to trade?

Because if you are just asking this for curiosity then this will be a thread to spam because there are tons of speculative answers that you'll receive here .

He already states his reason and that is he is not an expert but when it comes to prediction I think no one is right or wrong so you don't need to become an expert just to predict the price of the coins and even the so called experts or self proclaimed experts, they themselves do also fails or gives unrealistic prediction about the price of btc.

Other than not being an expert I think he also wants to invest in cryptos but first, he wants to know the opinion of others about the price before he decides to buy. No one gets curious for no important reason and if they aren't interested to btc then they will not bother asking these kinds of questions.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

It's clearly due to the fact US Federal Reserve has increased interest rates on the country in 0,5% yesterday. It's nothing new, though, because it was expected since the beginning of this year or last bimester of 2021, can't remember exactly. The main reason why crypto market has been stagnant it's because Fed was constantly promising to raise the rates and they finally did it yesterday. Probably the money will flow from crypto market to US traditional markets now. That is bad news for bitcoin on short term, but nothing can stop it on long run, because inflation, devaluation of dollar currency and loss of purchasing power will disperse investors from US markets sooner or later back to cryptocurrency.

bittraffic

hero member

Activity: 2870

Merit: 612

#SWGT PRE-SALE IS LIVE

Quote from: coolcoinz on May 05, 2022, 12:58:20 PM

Most people are not trading at the moment because of this. Many indicators prove it, like low daily volumes and outflows of coins from exchanges. For instance on Bitfinex, daily trading volumes between November 2020 and March 2021 were mostly between 10k and 25k BTC. Since April of this year they're between 3k and 6k. People are choosing to wait this out, either by holding fiat/stable coins, or taking their BTC out and deciding not to participate in this market. I feel like only 2 types of people are left now: leveraged speculators desperate to make some money and big manipulators who try to squeeze them.

They know that every bull market there is a long winter market after which it needs another halving before the prices goes up again. It becomes logical for traders already to wait for another halving before it goes up again. The market has already been more than $30,000 for a longtime while those who are holding stablecoin for a long time are waiting for bottom dip.

If they couldn't see the price go down, fuds will arise coming from FED, SEC or war which there is an impending global recession making holders sell.

coolcoinz

legendary

Activity: 2618

Merit: 1103

Most people are not trading at the moment because of this. Many indicators prove it, like low daily volumes and outflows of coins from exchanges. For instance on Bitfinex, daily trading volumes between November 2020 and March 2021 were mostly between 10k and 25k BTC. Since April of this year they're between 3k and 6k. People are choosing to wait this out, either by holding fiat/stable coins, or taking their BTC out and deciding not to participate in this market. I feel like only 2 types of people are left now: leveraged speculators desperate to make some money and big manipulators who try to squeeze them.

coolcoinz

legendary

Activity: 2618

Merit: 1103

Looks like somebody is trying to manipulate leverage traders. After that small pump yesterday people started feeling bullish and somebody with a lot of money decided to take advantage of that. You can see that a lot of coins were dumped all at once on centralized exchanges. Nobody does that unless they want to start a liquidation cascade.
Whenever you see large amount of coins sold within 1 minute, you can be sure it's being done on purpose to shake people out.

DOH!

full member

Activity: 784

Merit: 108

Quote from: Mate2237 on May 03, 2022, 12:44:16 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.

What can we expect with the price of bitcoin, wanting to overturn fake reasons to explain the price drop is almost a kind of psychological compulsion, I personally find bitcoin volatile - it are market-specific and represent free values. Thus, bullish/bearish price behavior is not essential to why it will, a period of growth, consolidation, development - that's how bitcoin builds its strong and durable structure.

lombok

sr. member

Activity: 826

Merit: 326

Leading Crypto Sports Betting & Casino Platform

Quote from: Mate2237 on May 03, 2022, 12:44:16 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.

The history of Bitcoin itself. After touching ATH bitcoin will drop drastically. It is proven and we can see together.
If we look closely, Bitcoin will rise after the halving and create a new ATH, after that it will drop drastically and will rise again if the BTC halving occurs in the future. The BTC halving will occur every 4 years.

Joshapat

sr. member

Activity: 1526

Merit: 255

Bitcoin and others are decentralization, the price is determined supply and demand, in recent days there has been a decline in demand and more is selling so that there is a correction, a good thing is that bitcoin still looks strong and proven today rose more than 3% and almost reached $ 40k.

kotajikikox

full member

Activity: 2408

Merit: 213

★Bitvest.io★ Play Plinko or Invest!

Quote from: 777Jolami on May 04, 2022, 08:49:10 PM

Bitcoin and the virtual currency market in general have recently experienced strong price fluctuations. One of the reasons why the cryptocurrency market has fluctuated recently is because investors are worried that the US Federal Reserve (FED) will continue to pursue a plan to tighten monetary policy. The virtual currency market is also being negatively affected by the tension between the EU and Russia and the unpredictable developments of the COVID-19 pandemic.

Pandemic unpredictable developments seems like not to be part of the decline because we have already Moved on about Covid matter months ago and what is continuing to happen is not enough to make a significant effect in the market now.

What we must look at is the on going war in Russia and Ukraine in which US is seemingly near to partake and that is what matters in this market and out.

Quote from: Dean2 on May 04, 2022, 01:36:08 PM

I don't know if you're new to bitcoin but it's not the first time (and it won't be the last) that the bitcoin price drops,its a simple bear and bull market cycles and it happens all the time.

It is indeed that Bear seems to be Normal but there are of course reason behind every fall and that is what we must understand .

Chato1977

member

Activity: 1148

Merit: 58

Quote from: Mate2237 on May 03, 2022, 12:44:16 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.

may I ask what is the reason of this question? at least if you are looking for chance to buy and hold or at least to trade?

Because if you are just asking this for curiosity then this will be a thread to spam because there are tons of speculative answers that you'll receive here .

MiF

sr. member

Activity: 1386

Merit: 258

Quote from: Mate2237 on May 03, 2022, 12:44:16 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.

The price of bitcoin is unpredictable and it is decentralized that is why it doesnt have a fix value no one can control its price but we are free to speculate or predict it in our own little way, I prefer doing my own research than listening to the people if you look at the price every minute you will lose hope but if you buy and forget it you will be surprised. Don't be affected when price fall that is normal that's what makes the crypto more exciting than any other investment.

777Jolami

member

Activity: 700

Merit: 14

Bitcoin and the virtual currency market in general have recently experienced strong price fluctuations. One of the reasons why the cryptocurrency market has fluctuated recently is because investors are worried that the US Federal Reserve (FED) will continue to pursue a plan to tighten monetary policy. The virtual currency market is also being negatively affected by the tension between the EU and Russia and the unpredictable developments of the COVID-19 pandemic.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Sled on May 04, 2022, 07:10:49 PM

~snip~
-the bullish season has been done already ( as expected)

^ This is very hard to tell and nobody can predict this.
Anytime could be a bullish trend and it is expected that the price will create another hype and also have a new record of All-time high or ATH.
I don't see the market that bullish trend has been done, it seems to just a normal move that BTC will fluctuate, and possibly there is a correction.
Another reason could be, that there is a lot of BTC conversation to fiat, remember that still the war between Ukraine and Russia is still there, many people using BTC to donate to Ukraine and for sure they already used that fund and convert it into fiat. Possible that is why BTC suffering the price increase.

ajochems

hero member

Activity: 1305

Merit: 511

Now the market is bearish,it’s best time to inverse of your money.In a short period of time bitcoin will back to the 40k landmark.So surely the price of bitcoin will increase and give you something more for the investment.The reason for the less value of bitcoin is surely due to the economic crisis all over the world.People spending huge money for the food and basic needs for them.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Mate2237 on May 03, 2022, 12:44:16 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.

Nobody knows exactly and we don't have a clue yet.
All we can say is just the least possible reason as this also been the reason for its fall before,

-low market demand
-the bullish season has been done already ( as expected)

Just think about the volatility of the market, dump and pumps are certainly the things to witness all the time. And to see the market moves down is not a usual thing in crypto. Well, in fact, we've been thankful for the situation as it gives us the chance to buy at cheap prices.

traderethereum

hero member

Activity: 2870

Merit: 574

Bitcoin can fall for many reasons.
And because bitcoin has now become a new trend among many people, the downfall of bitcoin could be due to world economic problems.
But no one knows exactly why bitcoin fell and we can only guess because bitcoin doesn't necessarily fall because of one thing but it could be because of something else.
So it's better to think about finding a way to buy at a low price instead of thinking about why bitcoin could fall.

Topic: Why Bitcoin price is falling? - page 6. (Read 1215 times)