Why is the price of BTC dropping? - page 4.

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

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

Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative.

If you are a long term holders, bitcoin id not a risky asset, bitcoin is only risky for traders, most especially the day traders and people that prefer scalp trading which are the riskiest.

Be it anything happening to bitcoin, so far the adoption continuea, the price will still later increase and reach all-time-high, but it can take many months or years before it will happen but better than holding fiat in bank for the long period of time.

PawGo

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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.

On the other hand - sometimes it is hard to separate reality from wishful thinking. Maybe $40k is the 'correct' price for a long-term? I do not know.
People like to say "I told you" when they see they were right, but not many people says "I was wrong".
Talking about Edelman, we may see his predictions for 2021:
https://www.thinkadvisor.com/2021/01/07/ric-edelman-12-predictions-for-bitcoin-other-cryptos-in-2021/
and for 2022:
https://www.businesswire.com/news/home/20211228005020/en/Ric-Edelman-Reveals-His-22-Predictions-for-2022

As you see, there is nothing which would require a crystal ball or 30 years of experience...

TheNineClub

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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.
Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

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.

Majestic-milf

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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.
Although, the values of risky assets like the BTC tend to take a downward slope in the wake of the Federal Reserve making policy changes to more fiscally conservative. Also, measures enacted by the federal that are designed to control inflation have had a negative impact on the price of BTC.
More so, as Bitcoin matures and becomes more accepted and adopted, the price is increasingly correlated with the prices of traditional assets like stocks.
Though the rate at which the price of BTC is dropping, financial analyst and professional, Ric Edelman has urged investors to stay calm and not be in a hurry to sell of their BTC, assuring that there is a favorable look on the Bitcoin in the long term.
He went further to state that this is thr fifth time BTC price has fallen by 50% or more since it's inception in 2009.
Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral? https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985

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