Topic: why Bitcoin sudden dump, when it will bounce again... (Read 7337 times)

The trend is definitely there this year but we need to hold back to deal with it, I'm sure bitcoin will be pumped again this year because there are many collaborations that many companies this year so that the bull will definitely come back again this year.

Halving will be one of the awaited moments, is it possible that after halving bitcoin will be pumped again or even prolonged?

Bitcoin not reaches its bottom yet in its cycle, so be careful while trading

Really nothing wrong with Tulips, planted right they will flower for over half a century.  The cause of bubbles is primarily from US dollar, I'm only against the politics not anything else but the current situation is wrong on a number of points.  The easiest observation is USD is over used relative to actual trade done, the value is held up by the debt in a quite ironic way because when left as debt dollars stay as dollars and do not bring down the exchange rate.   I'm a bit off topic there but the point is BTC is not the cause of a bubble phenomena, its trying to adjust for the waves of inflation and instability incoming from FIAT over production of money.   Speculation is a normal human activity and in normal times it would sell off alot earlier but we have weak global reserve currencies, we have excess to the extremes not seen by human economies ever before.

   The price bubble in Tulips was its own problem, we could have similar with Bitcoin where the technology is fine but the price fails and disappoints many.     I dont want to see that because it would be discouraging and set back progress, the world would be worse off if crypto is disadvantaged and mistrusted.
   I dont fully understand what caused the Tulip bubble (it wasnt the Tulips or flowers at fault for inaccuracies), more study is needed there but right now I'm certain something unique in our life times is occurring not just this crypto technology but globally in economies we will see transformation and the ridiculous prices thrown about have that context ongoing.



Price right now is very sticky and sideways on an average week based pricing.    Its settling after the move and I've not sure we have much clue from these past days what it will do, its a waiting game but I think there is work to do before any rise especially.

Bitcoin lost support on 21 WEMA what was bitcoin trend line.That triggered massive amount of stop loss and liquidated longs.There was also unfilled CME GAP on 8200-8400 level..It had to be filled before next bull run
So things happen.When bitcoin begin next  run .Maybe next week or next next week.something has to happen now it looks like bitcoin is resting after crazy days

HODLing is the only strategy that works. Price may go down but like every cycle, a level reaches where accumulation begins again and the trend reverses. And the supply gets spread thinner among more people where most hold a small amount that does not give them anxiety due to volatility. This is what kicks the price higher until holders again sell to spread the supply further. Price declines occur whenever too much front running of expected rise occurs and many existing holders are over extended. I hold that it is impossible for Bitcoin not to gain value over time by this mechanism as long as it stays secure and a fixed supply asset.

why this big dump happen ...is btc in bottom or again dump happen

BTC accumulation going on soon we see bull run again

People keeps asking question on why bitcoin dump, why smart traders keeps looking for the deepest it will get for him to quickly buy, because like you rightly said, traders makes money from these fluctuation, and from this recent fluctuation, do you know how much some people would have made during those time, because any time that bitcoin makes a down move, there is always a corresponding upward movement of price back and this is that opportunity that traders that does shorts use in either making more fiat or multiplying their BTC.

There is no market without those fluctuations, and those fluctuations are what really make the market an interesting one and what really attract people from Forex trading to it. For me, I trade and then hold, that is how I benefit from the market fully.

   It`s normal and many traders wish for this fluctuations so they can earn a lot of money in short-term. 20% up or down is huge at current Bitcoin price,
changes are big and traders can make huge profit in weeks. Who buy at bottom and sell at top will earn a lot.
   Not only dumps can happen all of a sudden, same is with price rise, all of a sudden price can start rising. If you can`t notice this changes than don`t trade,
is my advice to newbies. I don`t trade, I hold and I don`t care much about this sudden price changes.

It is weird that we are living in bitcoin world with so much uncertainty and we are still fine with it. Think about it, if there was a stock that moved like bitcoin did, then IRS and SEC will be all on it and we would stay away from it because that company would be making a lot of profit then a lot of loss back to back and that is just too scary when it is a company or even a currency of a foreign country.

Whereas if you look at bitcoin and how it moves we are all fine with it, it moves hectic and goes up and down and does many silly stuff yet we don't leave, what makes bitcoin so great compared to others that we are fine with bitcoin moving like crazy but we are not fine with other investment things moving like that, why are we more accepting of bitcoin compared to other stuff? I really don't know.

I get why people might think this but also I see declining highs so I'm on more of the bearish side then this conclusion.   We are already very high price, when people ask when is the bounce - this is it.
Price cant always be making new highs, now it goes sideways but my conclusion is down as it appears to be more profit taking then a steady rising set of lows.

There is no assurance but even if the whales hold majority of the supply of bitcoin, they can also allow for the market to have a new bull run again, the last time there was a bull run, whales were already in the market doing the usual thing they do, so just always be bullish because we just came from a long bearish market and it's about to change soon.

You have yourself a bounce right now I think, for the weekend you should enjoy it.   Im more cautious on Sunday night open then but I think we positive till then.

Very short 5 min bars -



bullish above 10,200

That has been the trend that I'm seeing so far, when BTC rises, it normally rises high and it's followed by a big correction also, but what made me appreciate bitcoin is that it has increase this year so far, so regardless of the pump an dump which is normal, it's better if we will look on it's general movement which I believe is uptrend so far this year.

I'm not comparing Bitcoin to tulips here. I'm just referring to 2011, 2013, and 2017 as "bubbles." You may not like it, but if Bitcoin retains its long term bullish trend, there will definitely be more of these bubble cycles. It's just a question of when: 2019 vs. 2021, etc.

It's an extremely illiquid asset prone to massive speculation. Let's say both retail and Wall Street are accumulating. Heck, maybe even governments will someday, as with gold. What do you think that would do to price? A slow and steady uptrend?

Good guess, the blue line is where immediately I'd drawn to pay most attention because I'd think the market will also return to where it has most often previously visited.      Anywhere with alot of prices ending their highest peak or bouncing many times as if they found firm ground, that a lay line or an area of significance that markets tend to forget.   Volume exists there and maybe even actual old orders to buy and sell.


Bubbles are not good, they pop and then its likely gone.   BTC I would like to stay around for years, the price now is really a distant worry when we consider the long game.    Dont worry about the price this year, its already done well enough.

There's a bunch of lines on that chart so which one? $7,570?

If so, I'd agree that's a pretty important level. Losing $7,500 means breaking the parabolic structure of the bull trend. Not necessarily the end of the world, but it would probably kill any hopes that we're entering a bubble this year.

We saw that with a help of technical analysis though its pretty fast to dump we should still not panic because the best price will still come. If you look at the market with bitcoin it is still strong at a cheaper price again its good to hold. Profit taking will dump the market but it can’t kill any trend right now with bitcoin.

but XRP lets you do all those things like having a wallet and storing your private keys on your own because they want to pretend that they are decentralized. if you check out their statements it is always in the same manner. you can also run its wallet and stake it. it is proof of stake afterall.

but Libra is not like that, they are not hiding their centralization and they won't let anybody near the "blockchain". it will be a private ledger for them which means you won't be able to actually have a "wallet" and if you store your private keys it would be like storing your facebook password on your own! which is why i consider it similar to PayPal.

Why do you think so? During the 2016-2017 bull market, most corrections lasted 1-2 months. The longest was less than 3 months long. So 4-5 months is reasonable (actually conservative) by those standards.