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Topic: Why the bitcoin market has been dumping so much for months (Read 742 times)

hero member
Activity: 2870
Merit: 594
In my opinion, the reason for the recent drop in bitcoin prices is due to the outbreak of the Omicron type of Covid-19 variant and also the Fed has started to tapering so that investors have started releasing their assets. In addition, the decline in the price of bitcoin was also caused by a massive sell-off of traders.
Or perhaps we really reach the peak already last November, and then everyone is hoping for a massive run to $100k that didn't happen, so small traders started to sell-off. But I do believed that the massive sell came from some big entities first followed by retail investors. And then we have the Omicron variant that took the world by storm again.
full member
Activity: 1189
Merit: 107
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In my opinion, the reason for the recent drop in bitcoin prices is due to the outbreak of the Omicron type of Covid-19 variant and also the Fed has started to tapering so that investors have started releasing their assets. In addition, the decline in the price of bitcoin was also caused by a massive sell-off of traders.
legendary
Activity: 2534
Merit: 1338
I think the reason for the correction in the price of bitcoin over the past month is because investors tend to wait and see while monitoring the decision of the next FED policy. However, the current market conditions can be said to be a stable market where we see bitcoin prices holding between $37k-$38k levels.
I think the political instability is the main reason why the price of bitcoin went below the 40k level, there are a lot of investors worried in all the markets about the conflict the US and Russia have over Ukraine in which both countries are blaming each other and pointing fingers without resolving anything, and if we see an armed conflict actually taking place at Ukraine I think there is the possibility that we are going to see an even bigger drop in the price of bitcoin.
full member
Activity: 1119
Merit: 206
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I think the reason for the correction in the price of bitcoin over the past month is because investors tend to wait and see while monitoring the decision of the next FED policy. However, the current market conditions can be said to be a stable market where we see bitcoin prices holding between $37k-$38k levels.
legendary
Activity: 3654
Merit: 1165
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If you look at the decline in bitcoin prices in the last month, almost 20% from the previous ATH level, it can be said that bitcoin is in a bearish phase. Even at the start of this new year, the price of bitcoin is still experiencing a decline due to continued selling pressure. When the current market conditions are bearish, it will affect one's investment decisions.
Honestly the year to date calculation is a bit skewed because we had the fall during this period. Literally between 5th and 6th of it, a week earlier and we had a good recovery by that calculation. You do not check "year to date" price on the 19th day of the year, you check it a lot earlier. All in all I believe that we will be doing better, this is not a bear run, this is just a bad period but bear runs are a lot worse and this isn't that horrible. What you could consider a bear run is the time we went from 68k to under 50k, that was a proper bear run.

If something has been going bad for like a few months, then do not consider a bear run, it is just a bad market and it has been bad for a while and that is it. I do not consider it a bear phase, I consider it an accumulation phase, and I believe that we will be doing a lot better in the long run.
sr. member
Activity: 957
Merit: 278
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A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?
No i am not supporting this because Yes there are dumping happens many times but there are increase/bumping happen more times for the whole year.
bitcoin even reached multiple All Time High when there are no lowest price dumped for long time for this whole year.
meaning that we should count our blessings instead of looking for the declined in prices.
It's always hard to pinpoint the exact factor behind the price of bitcoin dropping, but to my knowledge, it seems that one of the factors that caused the price of bitcoin to fall so deeply was the statement issued by the FED regarding tapering off. This makes a number of investors afraid of the emergence of various speculations. However, I believe that in the longer term bitcoin remains bullish although it may seem that the current bearishness continues at least until the end of December.
This may be a reason but we can see that this does not affect the value that hard right? yes the market shaken but not to the extent of coming to Bear market.
If you look at the decline in bitcoin prices in the last month, almost 20% from the previous ATH level, it can be said that bitcoin is in a bearish phase. Even at the start of this new year, the price of bitcoin is still experiencing a decline due to continued selling pressure. When the current market conditions are bearish, it will affect one's investment decisions.
full member
Activity: 1442
Merit: 108
Why is there so much dumping in the market? because you created this thread when bitcoin was in a bearish phase.
if you you create this thread when bitcoin is in a bullish phase you will see a lot of pumping going on.
now bitcoin is going in the right direction and forever bitcoin will go in the right direction, price increases and decreases in price will forever happen because this is part of the bitcoin life cycle. in 2021 the price of bitcoin has experienced a very significant price increase and it is very reasonable if at the end of 2021 and early 2022 there is a significant price decline.
hero member
Activity: 2814
Merit: 734
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A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?
I think you have some misconceptions about the market, when the price of bitcoin is going down it is not going on the wrong direction, the price is always right, the ones that are wrong are the traders that thought the price will keep going up not realizing that it was not possible for this to be the case anymore.

Also it seems you are looking for signs of a stable market but that is a mistake, bitcoin is still a new and experimental technology, it is a mistake to think it could be stable, it needs at least a few decades before that is the case, so do not expect for stability in the price to appear any time soon.
legendary
Activity: 3080
Merit: 1353
And maybe beginner investors are afraid that the market may turn out red next year and as early as today, they are selling off to make profits still or just have some cash this holiday and be ready to buy when the market crashes and goes into bearish next year.

Everyone has his/her own reasons to dump in the last couple of months. But if you are a diamond hand, then for sure you will not be affected and won't simply sell your BTC at this price.
I think this is what it is happening, investors of all kind of levels of experience are afraid that we are going to see another massive crash and as such they do not want to invest in the market of cryptocurrencies at the moment, they are waiting to see if the crash will actually happen and once they see this is not going to be the case they are going to take action and will begin to invest in the market once again, and with the increase of the demand the price will go up once again.

So still, the game is really for everyone here, from retail investors like the majority of us to big whales who is changing the game. Unfortunately, average joe can only follow what this manipulators is setting up, it could be bear trap for us, or maybe we are really seeing a start of a bearish cycle this year that's why everyone is just jumping on the gun and selling to at least make a decent profit before the price really goes down hard in 2022.
hero member
Activity: 2884
Merit: 794
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And maybe beginner investors are afraid that the market may turn out red next year and as early as today, they are selling off to make profits still or just have some cash this holiday and be ready to buy when the market crashes and goes into bearish next year.

Everyone has his/her own reasons to dump in the last couple of months. But if you are a diamond hand, then for sure you will not be affected and won't simply sell your BTC at this price.
I think this is what it is happening, investors of all kind of levels of experience are afraid that we are going to see another massive crash and as such they do not want to invest in the market of cryptocurrencies at the moment, they are waiting to see if the crash will actually happen and once they see this is not going to be the case they are going to take action and will begin to invest in the market once again, and with the increase of the demand the price will go up once again.
sr. member
Activity: 1694
Merit: 268
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It wasn't even a dump. The 10% drop and around are normal. It happens from time to time. You can call it a dump when the price falls something like more than 25% in just few days. Even if that happens, the price will eventually recover in the long run. Like look at the price now. It is back and above $50,0000 after it went below $45,000 USD. Those who bought during this small dip, made some good profit already. So instead of worrying about the dump/dip, take advantage of it and maximize your profit.
The end of 2021 really made bitcoin move quite wildly in the market and even now bitcoin actually experienced a significant price decline in the market, I don't know what is the reason that made the price of bitcoin decline but what I'm sure I see if now investors' fear is starting to be felt, I hope in 2022 we will see brighter expectations for bitcoin price movements and hopefully a price correction that triggers bulls will come soon.
copper member
Activity: 2968
Merit: 575
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It wasn't even a dump. The 10% drop and around are normal. It happens from time to time. You can call it a dump when the price falls something like more than 25% in just few days. Even if that happens, the price will eventually recover in the long run. Like look at the price now. It is back and above $50,0000 after it went below $45,000 USD. Those who bought during this small dip, made some good profit already. So instead of worrying about the dump/dip, take advantage of it and maximize your profit.
hero member
Activity: 2660
Merit: 630
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Everyone has his/her own reasons to dump in the last couple of months. But if you are a diamond hand, then for sure you will not be affected and won't simply sell your BTC at this price.

At this time the diamond hands are still hodling strong and making bitcoin to get a little stable and recovery also. This has not been so after an ATH, bitcoin is known to crash but it has taken a double ATH this year with the last one around two months ago with price hitting $67k. It is looking different with the recovery of bitcoin and altcoins alongside.
member
Activity: 1092
Merit: 67
And maybe beginner investors are afraid that the market may turn out red next year and as early as today, they are selling off to make profits still or just have some cash this holiday and be ready to buy when the market crashes and goes into bearish next year.

Everyone has his/her own reasons to dump in the last couple of months. But if you are a diamond hand, then for sure you will not be affected and won't simply sell your BTC at this price.

That really depends on everyone's priorities here. We don't know their motives why they are selling but anyway, it is up to them how they handle their portfolio. It is their funds, so it is their prerogative where they will put it. But more than likely, those who are selling at a loss today, may possibly regret in the next months to come, once the price is going up again. So whatever is your goal here, just keep up with it and don't be influenced by fud for no reason.
sr. member
Activity: 1666
Merit: 268
And maybe beginner investors are afraid that the market may turn out red next year and as early as today, they are selling off to make profits still or just have some cash this holiday and be ready to buy when the market crashes and goes into bearish next year.

Everyone has his/her own reasons to dump in the last couple of months. But if you are a diamond hand, then for sure you will not be affected and won't simply sell your BTC at this price.

Actually, with the increase in the price of Bitcoin so high this year, it is not surprising that many investors take profit to secure the profits
they have made. That is one of the causes of the Bitcoin price dump after hitting the ATH price two months earlier. The declining Bitcoin price
has panicked some newbies who are inexperienced, as you said newbie panic Bitcoin price will continue to decline. However, if we do the analysis
correctly, there is nothing to worry about, every time Bitcoin dumps, the price will recover and rise even higher than the previous price.
Especially with many institutions joining this year, making Bitcoin price support very strong, that's the reason why Bitcoin always stays above $45k.
Even now starting to go up to $50k, and I hope Bitcoin will return to $60k soon.
hero member
Activity: 3080
Merit: 603
Whether you want to agree or not, we don't control bitcoin. And whatever is to come by next months, it is going to be volatile the usual.
If it forms another bullish run, that's good but if not, still a very fine thing to wait. People have to realize what's the chart during the past years and be grateful for the current.
Expect the unexpected as always because its always been like this.It could really be moving sideways for long or could be greens or could be reds which is truly unpredictable.

This is what makes the market so unpredictable and very hard to guess on whats next thats why we do come up on lots of speculation and analysis on things.

If you are just a noob then you would get shocked with these events but if you are here on this market for a while then this would be just like an ordinary day.
Yes, it's unpredictable and do not expect on one trend to stay for so long. Because there's no way that it will stay for that much wrong not unless the trend has been different all of this time and it's broken it. Not being harsh to the beginners but they really have to embrace the market situation that they're in. Those that were part of the bear market as introduction, they've learned a lot there and they're stronger and more patient this time.
hero member
Activity: 1414
Merit: 542
And maybe beginner investors are afraid that the market may turn out red next year and as early as today, they are selling off to make profits still or just have some cash this holiday and be ready to buy when the market crashes and goes into bearish next year.

Everyone has his/her own reasons to dump in the last couple of months. But if you are a diamond hand, then for sure you will not be affected and won't simply sell your BTC at this price.
hero member
Activity: 2926
Merit: 722
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It's getting stronger and going to another higher price level for which it has to maintain. It's actually becoming better compared to the past years.
We're absolutely on the better years of bitcoin for which there's a stable and quick growth of it. That's why it has to go through any correction that we see.
It may go with that percentage of a dump but look at the gains, they're more than those percentage of the dump.
Even we are trading at multi-fold higher prices this year, people are too concerned about recent market conditions which must the problem of beginners of crypto space and for short term traders and investors. They just calculate their profits or losses from recent past and bitcoin is known for providing good appreciation only in long run. Hence, I am not ready to agree that bitcoin is getting dumped for months. It is losing some value from ATH and not from the bottom; moreover it seems we are starting another round of bullish wave which may get intensified incoming days to make 2022 a bullish one.
Whether you want to agree or not, we don't control bitcoin. And whatever is to come by next months, it is going to be volatile the usual.
If it forms another bullish run, that's good but if not, still a very fine thing to wait. People have to realize what's the chart during the past years and be grateful for the current.
Expect the unexpected as always because its always been like this.It could really be moving sideways for long or could be greens or could be reds which is truly unpredictable.

This is what makes the market so unpredictable and very hard to guess on whats next thats why we do come up on lots of speculation and analysis on things.

If you are just a noob then you would get shocked with these events but if you are here on this market for a while then this would be just like an ordinary day.
hero member
Activity: 3080
Merit: 603
It's getting stronger and going to another higher price level for which it has to maintain. It's actually becoming better compared to the past years.
We're absolutely on the better years of bitcoin for which there's a stable and quick growth of it. That's why it has to go through any correction that we see.
It may go with that percentage of a dump but look at the gains, they're more than those percentage of the dump.
Even we are trading at multi-fold higher prices this year, people are too concerned about recent market conditions which must the problem of beginners of crypto space and for short term traders and investors. They just calculate their profits or losses from recent past and bitcoin is known for providing good appreciation only in long run. Hence, I am not ready to agree that bitcoin is getting dumped for months. It is losing some value from ATH and not from the bottom; moreover it seems we are starting another round of bullish wave which may get intensified incoming days to make 2022 a bullish one.
Whether you want to agree or not, we don't control bitcoin. And whatever is to come by next months, it is going to be volatile the usual.
If it forms another bullish run, that's good but if not, still a very fine thing to wait. People have to realize what's the chart during the past years and be grateful for the current.
sr. member
Activity: 2660
Merit: 339
It's getting stronger and going to another higher price level for which it has to maintain. It's actually becoming better compared to the past years.
We're absolutely on the better years of bitcoin for which there's a stable and quick growth of it. That's why it has to go through any correction that we see.
It may go with that percentage of a dump but look at the gains, they're more than those percentage of the dump.
Even we are trading at multi-fold higher prices this year, people are too concerned about recent market conditions which must the problem of beginners of crypto space and for short term traders and investors. They just calculate their profits or losses from recent past and bitcoin is known for providing good appreciation only in long run. Hence, I am not ready to agree that bitcoin is getting dumped for months. It is losing some value from ATH and not from the bottom; moreover it seems we are starting another round of bullish wave which may get intensified incoming days to make 2022 a bullish one.
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