Why is the price of BTC dropping? - page 2.

lixer

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Quote from: LogitechMouse on March 11, 2022, 09:05:24 AM

Now with regards to BTC dropping, there is only one answer for that. It isn't the events that is happening right now but its the sentiment of the investors.

Well, we all know that the events that are taking place are part of what triggers the actions that investors are taking right now. If there is an event that is taking place, and people feels that it is something that would negatively impact their economy or the market that they’re investing in, or something like that, they would all start selling their assets and converting to Fiat. So that in turn affects the market, and causes the price to start going down.

The same thing also happens in a good situation that people feel can make the price to start increasing, they all start investing again, and that makes the market to start going up in value.

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Quote from: Majestic-milf on March 10, 2022, 04:06:31 AM

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
-snip-

No economy in the world has ever had a one-way street, and every financial service has to go through two stages, upward and downward.

After a long hold, everyone fixes profits at a time when the market becomes a little volatile while traders & miners fix profits and people start panic selling which eventually leads to a bear market. However, in every case the bear market is not stable for long, hopefully soon Bitcoin will regain its former rhythm.

BIT-BENDER

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Why are you still asking this question. Shouldn't we have developed past this sort of questions? I mean no one would give you rock hard answer to this, speculations aren't reality, you would have great peace of mind in crypto-currency, if you just understand that the market is volatile it rises and it fall. Get re-oriented. Crypto-currency isn't an all the way up alone type of business, so while you invest always be ready for two outcomes it either rises or falls.

Kelvinid

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Quote from: Leviathan.007 on March 11, 2022, 11:53:42 AM

I should ask another question, why do people expect to see the bitcoin price is rising all the time? no matter if you are talking about bitcoin, the stock market, or any other market in the world, the price and price action is mostly acting the same way, you cannot expect to see the price being bullish all the time, it should take a rest and do some correction, these corrections are sometimes based on the short time frames and during these times the price won't drop too much, but some othertimes this can take sometimes and reach lower levels which is very much normal and necessary for the market.

Indeed. The volatile nature of the market hasn't changed yet which makes us not wonder why it goes like this. Market corrections, FUDs, dumps, and pumps are surely what we gonna expect in the market, however, having all of these things makes the market more attractive and profitable. Traders make a good trade in this situation, investors have the chance to buy coins in a low price. Having a situation like this never meant it was too bad also it create positivity.

South Park

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Quote from: PawGo on March 10, 2022, 04:34:07 AM

The answer is: no-one knows.
Or in other words: there is no one single reason. You may easily explain why price of oil goes up or down, or why price of shares of company X goes down or up. BTC is closer to FOREX trading - and there sometimes miracles happens.

As simple as that, when there is a very strong drop in the price then most of the time we can find some reason behind the drop, however when the drops are on the small side then that is just noise and we must not give too much attention to them as there is not really a single reason behind that movement, the most simple explanation is that either the demand or the supply available in exchanges changed and this caused the drop, so it is better to not waste too much of our time thinking about something like that.

Abiky

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Quote from: boyptc on March 10, 2022, 03:15:15 PM

When price goes up too quickly, everyone starts to celebrate. And when the price drops, everybody wants to know what's the reason why.

Well, no one has the right information why the market is dropping but you can have that speculation that it's all due to the supply and demand plus the news that are rotating the whole market.

And recently, there was a quick price increase for bitcoin so this was expected that there's a reversal too.

Most people quickly panic after a "bloodbath" in market prices because they think Bitcoin is always meant to rise in price. But you and I know that's not the way it works. The market is just driven by speculation, as anything big or small can directly affect Bitcoin's price in terms of Fiat. Newcomers only get into Bitcoin with the hopes of getting rich quick. They don't care about the technology, since they're only blinded by greed.

Let me tell you that no one can predict with certainty if Bitcoin will go higher in price within the long term or all the other way around. There are many reasons why the price of BTC is dropping. It can be the Russia-Ukraine war, the new COVID variants, or simply negative criticism from a popular figure like Elon Musk. What matters is not the price per coin but rather its usefulness. I've said this many times already. As long as Bitcoin fulfills its purpose as a censorship-resistant kind of money anyone can use worldwide, nothing else matters. Just my opinion

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Quote from: xzone on March 11, 2022, 08:40:06 AM

Quote from: goldkingcoiner on March 10, 2022, 05:34:57 PM

A lot of this has to do with Russia's sanctions, I would think. For example the energy prices go up, making electricity becomes a bit pricier due to the fact that many of our energy production facilities still rely heavily on old fossil fuels. Since old fossil fuel prices are going up, so is the electricity for mining. The other sanctions have some complex effect on the crypto economy as well. Furthermore, Russia has been hinting at disconnecting itself from the internet, so we might see some FUD coming from that. Especially if the Russian miners get scared.

I don't think you need to think about it that much. Yes, there is a war right now and the effects of this war are reflected in the entire financial order. The prices of both bitcoin and other things are heavily impacted. But bitcoin was already in a downtrend, if not for the war right now it would be falling because of something else.
When the war is over, the market will definitely go up again

I thought btc goes down for some reason? Then why would we need to wait for the war to be over before btc recovers? it's fine to think about the wars because it is still fresh from us and I think it is still ongoing but what is bad is when we overthink it, that will only make you crazy in the long run and it can badly affect your decision of selling and buying.

If energy or the electricity price goes up, what is its connect to bitcoin price? That will only affect those who mine cryptos, if they are mining the traditional way and not using a renewable energies. If Russia ban the net, that can affect the price but it will eventually recover when many have successfully bought after it.

Leviathan.007

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I should ask another question, why do people expect to see the bitcoin price is rising all the time? no matter if you are talking about bitcoin, the stock market, or any other market in the world, the price and price action is mostly acting the same way, you cannot expect to see the price being bullish all the time, it should take a rest and do some correction, these corrections are sometimes based on the short time frames and during these times the price won't drop too much, but some othertimes this can take sometimes and reach lower levels which is very much normal and necessary for the market.

Vatimins

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In the case of lods ng term holders, not selling and being calm is a good advice. But for midterm holders, they should have sold already nov-december last year. It was pretty obvious that the cycle is ablut to lead us to a bearish time even if the Ukraine-Russia issue did not happen. Although I am optimistic in bitcoin, my holdings are not part of my daily expenses so I can just hold them even when dumps happen. If you watch the chart, bitcoin has not escaped the 40k range since January and now, there aren't even any liquidation wicks on 30k below. But hey, i don't really see it going as low as 30k, just that it gives us a glimpse of what the market is right now.

acroman08

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OP posted about an article created on January 26 2022. so, the article has nothing to do with the current price drop of BTC.

@OP, next time you should find a more updated article and not a month old(or two) article.

Quote from: mk4 on March 10, 2022, 05:07:09 AM

Bitcoin's price go up and down literally all the time that it's boggles my mind why people always sort of gets shocked quite a bit when volatile moves happen.

probably new investors. people who have invested in bitcoin for more than a year(maybe less) would probably get used to the constant upward and downward slope of BTC's price.

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Quote from: Majestic-milf on March 10, 2022, 04:06:31 AM

tl;dr

A wall of words. Somebody from here as well taught me that at least when you are posting many words, at least make some double spaces into it so that it will be readable and pleasing in the reader's eyes.

Now with regards to BTC dropping, there is only one answer for that. It isn't the events that is happening right now but its the sentiment of the investors.
We know that the market is heavily driven by the sentiments of the investors. We've seen negative news already like China banning ICO's in 2017 where it is hype but what happened? The market rose at that time and Bitcoin went up to $20,000. Now the Ukraine-Russia war is happening which is a negative news as well and the price of the market went down because they see it as a negative that's why they sold their holdings.

Sentiments or emotions of the investors is the main reason why the market is moving and it isn't only applied in the crypto market but in the stock market as well.

bitzizzix

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It seems that the decline that occurred due to the influence of the existing conflict, and geopolitical uncertainty also made investors nervous, especially as Russia's attack on Ukraine continued.
and meanwhile, talks between diplomats stalled, as the two sides did not reach an agreement on a ceasefire.
and it shows a lack of trust and doubt among traders and investors, and hopefully this conflict will end soon so as not to impact investors because of their worries, but don't worry this is only temporary because in the long term everything will be fine and recover. Therefore Hodl the best choice.

xzone

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Quote from: goldkingcoiner on March 10, 2022, 05:34:57 PM

A lot of this has to do with Russia's sanctions, I would think. For example the energy prices go up, making electricity becomes a bit pricier due to the fact that many of our energy production facilities still rely heavily on old fossil fuels. Since old fossil fuel prices are going up, so is the electricity for mining. The other sanctions have some complex effect on the crypto economy as well. Furthermore, Russia has been hinting at disconnecting itself from the internet, so we might see some FUD coming from that. Especially if the Russian miners get scared.

I don't think you need to think about it that much. Yes, there is a war right now and the effects of this war are reflected in the entire financial order. The prices of both bitcoin and other things are heavily impacted. But bitcoin was already in a downtrend, if not for the war right now it would be falling because of something else.
When the war is over, the market will definitely go up again

Sebas.tian

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Quote

bitcoin is falling today, it will rise tomorrow, if we take the dynamics of the growth and fall of bitcoin over 10 years, then everything suggests that bitcoin is growing, these are all corrections in the short term, sooner or later bitcoin will win back and return to its bullish values, the main thing is not to panic ahead of time.

Yes, bitcoin is growing compare to when the bitcoin price was $0.008 and people were very happy, that the price is good for people to make something reasonable from their week or monthly investment. Bitcoin price has dropped to $40k few days ago that is making people to panic because of the slow pumping they are receiving from the bitcoin exchange market which is not giving them hope if the price will reach $100k before the end of next month.
Bitcoin price is about to hit $100k according to some researchers who took their time to go round the market to see the signs the crypto market is developing .

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Quote from: macson on March 10, 2022, 04:00:42 PM

Quote from: TheNineClub on March 10, 2022, 04:18:36 AM

Quote from: Majestic-milf on March 10, 2022, 04:06:31 AM

snip

There was a predicted bear market around this time and a price correction, so it's not really unexpected, but the reason why BTC price is dropping is that a myriad of reasons can't cust be boiled down to a couple. The economy is a complex thing and BTC is not immune to any of them. Sure, some things have more impact than others, but everything adds up in the end.

People who don't understand economics will find it difficult to understand what's going on in the market and make the price of BTC go down. bitcoin is a very volatile asset, it is not possible to stay at a high price forever, this happens because the market has high buy-sell transactions.

Those who are concerned about the bitcoin price drop are the ones who will most likely sell in panic. They fail to look at the bigger picture. In the long run, the bitcoin will make new all time highs but in order to get advantage of that, it is very important that we do not get dis-hearten by the small dumps in bitcoin. The dump can lost for 3 month,, 6 months or even more so that weak hands are shaken out of the market. Only the strong hands will earn maximum benefit.

Baofeng

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Quote from: ?? on ??

Because bitcoin is highly volatile. It has no fixed price. And also,there are many factors to consider why bitcoin is fluctuating. It could be the supply and demands. When the supply is being increased, that can have a downward effect on the price. But if the demand of currency increases more than the supply, the value will go up.
The price also drop down when there is bad a news happening globally. And i think the main reason why the current bitcoin price is dropping because of the conflict between Russia and Ukraine.

That is already a giving fact, crypto is volatile and this is what traders wanted because it's either you know how to take advantage of it and make money or not.

But the basic tenant: law of supply and demand.

As for bad news, yes it could affect the price, but the market is maturing unlike before wherein every negative news equate to a massive downturn, not in 2022.

Chato1977

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Quote from: macson on March 10, 2022, 04:00:42 PM

Quote from: TheNineClub on March 10, 2022, 04:18:36 AM

Quote from: Majestic-milf on March 10, 2022, 04:06:31 AM

snip

There was a predicted bear market around this time and a price correction, so it's not really unexpected, but the reason why BTC price is dropping is that a myriad of reasons can't cust be boiled down to a couple. The economy is a complex thing and BTC is not immune to any of them. Sure, some things have more impact than others, but everything adds up in the end.

People who don't understand economics will find it difficult to understand what's going on in the market and make the price of BTC go down. bitcoin is a very volatile asset, it is not possible to stay at a high price forever, this happens because the market has high buy-sell transactions.

it is not only bitcoin but all cryptocurrencies are volatile mate, everything on them cannot stay as that because dumping will happen here and there and can pump also here and there.
so best not to look to perfect investment instead be ready to what will happen to the value of your investment and profit .

franky1

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bitcoins most efficient and cheapest mining cost was
11th december 2021: 180exa network.. current gen asic 110thash 3.25kw at 4cent electric (hardware $12k /2year roi)
which translates to a bottomline mining cost of $35594.80

11th march 2022: 191exa network.. current gen asic 140thash 3kw at 4cent electric (hardware $11.6k /2year roi)
which translates to a bottomline mining cost of $28495.64

yep the bottomline value has dropped by $7k meaning those lucky enough to get the s19XP new gen batch of asics can mine cheaper and sell for profit.

in short the 'buy support' bottomline was $36k and now its becoming $29k

for the bottom line support to regain its $36k min support line. when the next gen asics become more commonly used. the hashrate has to achieve a minimum of 240exahash to stay up at a mining cost of $36k minimum

(note this is not about current PRICES.. this is about the stuff that makes up the hidden bottomline VALUE underneath the speculative price, but not seen on a market/exchange price chart, speculation of emotion and sentiment is what is added ontop of value.. in short the price is value+speculation)

the reason why the price is not say $70k (2x+ value) is because emotion/speculation is low.

GreatArkansas

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Quote from: Natalim on March 10, 2022, 05:59:59 PM

Quote from: Majestic-milf on March 10, 2022, 04:06:31 AM

Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.

Not anymore. People know that this sometimes happens and if you are already here for many years, you can really be experiencing this. The price fluctuates very often due to its volatile nature.
(....)

Correct, for over the years I have been in the cryptocurrency market. It became normal, these dumps after a huge rally of the price is becoming normal, it's like a normal, it's not always up only.
For me, these declines will make Bitcoin healthy in terms of price, as times go by trading volume is increasing or the market cap of Bitcoin is increasing, it's very positive.

DoublerHunter

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Quote from: goldkingcoiner on March 10, 2022, 05:34:57 PM

A lot of this has to do with Russia's sanctions, I would think. For example the energy prices go up, making electricity becomes a bit pricier due to the fact that many of our energy production facilities still rely heavily on old fossil fuels. Since old fossil fuel prices are going up, so is the electricity for mining. The other sanctions have some complex effect on the crypto economy as well. Furthermore, Russia has been hinting at disconnecting itself from the internet, so we might see some FUD coming from that. Especially if the Russian miners get scared.

^ The war between Ukraine and Russia has definitely had an impact on the market not only in crypto, even the stock market to has been affected.
But I believed BTC price will increase soon and this very volatile we experience is very normal when someone trying to sell their BTC to convert fiat, probably Ukrainian sell their BTC that has been collected by the charity or someone big player sell their BTC to support the Ukraine war or either the Russia country. Just hold if you want to gain profit, this will back soon.

Topic: Why is the price of BTC dropping? - page 2. (Read 549 times)