Why the bitcoin market has been dumping so much for months - page 3.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: DOH! on December 15, 2021, 12:51:40 PM

Quote from: DU18 on December 15, 2021, 06:39:16 AM

The bitcoin market in the last few days has experienced a drastic decline, even the price of bitcoin which previously touched the price of $68 thousand, actually experienced a decline of almost 29%

Volatility is needed when everything seems to have tried to set up a series of fake and fake wicks. Damn, most databases show a solid accumulation of institutional investment conglomerates. The rush to sell that has been dumped despite the completely safe technical signals is untrue. That's clearly a scenario but $42k isn't a bad drop for this year. Hacks are also established. Lol, I think establishing a market sentiment recovery will take time and also a greater chance of getting in this horizontal anchor before getting out of the mud.

This proves out that you shouldnt really rely on technicals most of the time.Sometimes you do need to trust your gut and own analysis basing off with

fundamentals and some other aspects that doesnt really correlate with technicals thats what it makes hard and dealing with unpredictable market.

Market could be on a very long bearish months or years and no one could able to point out on when it would be having those turn of events.

DOH!

full member

Activity: 812

Merit: 108

Quote from: DU18 on December 15, 2021, 06:39:16 AM

The bitcoin market in the last few days has experienced a drastic decline, even the price of bitcoin which previously touched the price of $68 thousand, actually experienced a decline of almost 29%

Volatility is needed when everything seems to have tried to set up a series of fake and fake wicks. Damn, most databases show a solid accumulation of institutional investment conglomerates. The rush to sell that has been dumped despite the completely safe technical signals is untrue. That's clearly a scenario but $42k isn't a bad drop for this year. Hacks are also established. Lol, I think establishing a market sentiment recovery will take time and also a greater chance of getting in this horizontal anchor before getting out of the mud.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: DU18 on December 15, 2021, 06:39:16 AM

The bitcoin market in the last few days has experienced a drastic decline, even the price of bitcoin which previously touched the price of $68 thousand, actually experienced a decline of almost 29%, today decline was most likely caused by many whales who started to take short-term profits by selling their assets, besides the impact of the new corona virus variant makes people afraid and causes great panic in every aspect of life including the economy, finance and also investment.

The new variant fear is just a short term fud and for sure people almost forget about that but what may cause the current one right now is the fear of people about the possible long days of bear market season which is almost happening this days. Maybe if this fear didn't settle up until the end of this year then maybe we can say that what happen from the past might happen this year and instead of looking at it on negative ways maybe we should think about its good opportunity to buy some cheap bitcoin at hold it for quite long time.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: DU18 on December 15, 2021, 06:39:16 AM

The bitcoin market in the last few days has experienced a drastic decline, even the price of bitcoin which previously touched the price of $68 thousand, actually experienced a decline of almost 29%, today decline was most likely caused by many whales who started to take short-term profits by selling their assets, besides the impact of the new corona virus variant makes people afraid and causes great panic in every aspect of life including the economy, finance and also investment.

What do you expect from a market that is very volatile, and it's December, everyone, including whales wanted to have some money in the pocket for the holidays. But I think the biggest reason is what you mentioned, the new corona virus variant that is really putting everyone in the market causing some panic and sell off because we really don't know what will be the impact of this variant to everyone even if you have the jab already.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: Fundamentals Of on December 12, 2021, 09:29:35 PM

How should this be a sign of a stable market when everything that is shown here is the exact opposite? What is being shown by the sudden rise and fall of Bitcoin in the thousands of dollars is instability. It shows how volatile Bitcoin's price actually is.

Exactly

this thread shows how Volatile the market is and how the prices changes over and over so there is not really stable here .

Quote

But this is not a big problem actually. This just shows how healthy the Bitcoin market is. There should be a cycle. There should be rise and fall or bull and bear cycles, a time to sell and a time to buy. Only that in Bitcoin it is better to just hodl than converting into a falling fiat.

Again Exactly , the movement of the market shows everyone that the market is functioning and trust worthy for long term investment .

this is only an issue if you are looking for quick bucks because surely you will be affected.

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

The bitcoin market in the last few days has experienced a drastic decline, even the price of bitcoin which previously touched the price of $68 thousand, actually experienced a decline of almost 29%, today decline was most likely caused by many whales who started to take short-term profits by selling their assets, besides the impact of the new corona virus variant makes people afraid and causes great panic in every aspect of life including the economy, finance and also investment.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: HridoyHk_15 on December 10, 2021, 12:48:22 PM

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?

From 68k down to below 30k is the lowest this year and i think you forgot to mention that part right?

bow look at the market, stabilizing at 47-49k is not that bad actually because if we will look deeply we can see that the price back in 2020 the value even fall down to 4,000 dollars and what can you see on that ?

this simplify the idea that Crypto market is Volatile and anything can happen , but one thing is positive in this part and that is Bitcoin will continue to increase year after year.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: yhiaali3 on December 13, 2021, 05:33:02 AM

I think this is a normal thing because there is a rule that says that after every strong rise there is a strong fall and vice versa, bitcoin has risen and reached new peaks so it was normal for dumping to happen, but this big dump can be explained due to some negative news such as the emergence of the mutant corona virus in South Africa and of course the whales will take advantage of such negative news and pressure the market to the fullest extent so that they can buy the largest amounts of bitcoin from the weak hands, so I see that this dump is normal and the market is now starting to recover and gradually rise.

Right. What we have at the moment is purely a regular correction that will always happen in the market and crypto investors should expect this from time to time. And seeing the market continues to drop the prices are also affected by the negative news in the market and when big whales ride with it, it will certainly worsen the situation. But they say be patient all the time. Things like these will not stay for long so we should still look the positive side and hope for bitcoin to recover again so we can witness its new ATH. At the end of the day, only those believers in bitcoin will succeed and weak hands will surely end up making losses again.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: yhiaali3 on December 13, 2021, 05:33:02 AM

I think this is a normal thing because there is a rule that says that after every strong rise there is a strong fall and vice versa, bitcoin has risen and reached new peaks so it was normal for dumping to happen, but this big dump can be explained due to some negative news such as the emergence of the mutant corona virus in South Africa and of course the whales will take advantage of such negative news and pressure the market to the fullest extent so that they can buy the largest amounts of bitcoin from the weak hands, so I see that this dump is normal and the market is now starting to recover and gradually rise.

We are still having a price correction until now and we all expect this to happen once we have passed a bullish season. Yes, this has even more visible when the new strain of covid19 has introduced to the market and leave a negative impact on the crypto market. And to think that we are also facing the holidays season, its always the trend for some hodlers to sell some of the coins they have so they can enjoy the season. All these possible reasons have caused the market to experience price decline but i know what happens to the market will be temporary.

yhiaali3

legendary

Activity: 1848

Merit: 1982

Fully Regulated Crypto Casino

I think this is a normal thing because there is a rule that says that after every strong rise there is a strong fall and vice versa, bitcoin has risen and reached new peaks so it was normal for dumping to happen, but this big dump can be explained due to some negative news such as the emergence of the mutant corona virus in South Africa and of course the whales will take advantage of such negative news and pressure the market to the fullest extent so that they can buy the largest amounts of bitcoin from the weak hands, so I see that this dump is normal and the market is now starting to recover and gradually rise.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: HridoyHk_15 on December 10, 2021, 12:48:22 PM

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 isn't a tornado but a hurricane that is raging in the crypto market for months already Cheesy

.
59,0000-42,000 in a few months?? Nothing uncommon. We also saw Bitcoin went down from $20,000 back to $3,000 in just a few months so nothing new with the recent correction.

Quote from: HridoyHk_15 on December 10, 2021, 12:48:22 PM

It was coming down from 64,000 to 28,000 a few months ago.

Well, we all saw it so.. what's the point??

Quote from: HridoyHk_15 on December 10, 2021, 12:48:22 PM

Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction?

Emotions, sentiments from investors and taking profit and also add futures too Cheesy

.
These are the reasons why there are so much dumping is happening in the market. People took profit at that price and many positions got liquidated causing the price to go down even further.

Quote from: HridoyHk_15 on December 10, 2021, 12:48:22 PM

Do you think this is a sign of stable market?

With a market cap at around 2 Trillion Dollars, I don't think that it can be considered as a stable market. Many can still manipulate it. Many can pump and dump coins. Bitcoin dumping isn't a sign that it is becoming stable thus, it is a sign that investors took profit

.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: Fundamentals Of on December 12, 2021, 09:29:35 PM

How should this be a sign of a stable market when everything that is shown here is the exact opposite? What is being shown by the sudden rise and fall of Bitcoin in the thousands of dollars is instability. It shows how volatile Bitcoin's price actually is.

But this is not a big problem actually. This just shows how healthy the Bitcoin market is. There should be a cycle. There should be rise and fall or bull and bear cycles, a time to sell and a time to buy. Only that in Bitcoin it is better to just hodl than converting into a falling fiat.

The dump and pump are normal, high volatility is what crypto interesting, lots of traders are making their job profitable, so they'll stay, and bear in mind that whales have the power to manipulate the market, so even if we like to see some stability, that would not happen since they are in control. However, we should not worry about the future of crypto as we can always see in the big picture how profitable it is.

Short term dump is to shake the market, and that makes it interesting.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: kotajikikox on December 13, 2021, 01:44:31 AM

Quote from: bots1 on December 12, 2021, 04:53:59 AM

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.

Those investors do not think about the future of bitcoin instead following selling their bitcoin right away after the news so that could make the price is down. But the news will not always impact the price and the price will increase higher soon. I do not rely on the news because those media blow up the news and modify it for their own purposes. So if people can calm down when they read about the bad news about bitcoin and still support bitcoin, that will not impact the price and that can give confidence to other people to still hold their bitcoin and buy more bitcoin.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: HridoyHk_15 on December 10, 2021, 12:48:22 PM

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.

Quote from: bots1 on December 12, 2021, 04:53:59 AM

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.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

How should this be a sign of a stable market when everything that is shown here is the exact opposite? What is being shown by the sudden rise and fall of Bitcoin in the thousands of dollars is instability. It shows how volatile Bitcoin's price actually is.

But this is not a big problem actually. This just shows how healthy the Bitcoin market is. There should be a cycle. There should be rise and fall or bull and bear cycles, a time to sell and a time to buy. Only that in Bitcoin it is better to just hodl than converting into a falling fiat.

STT

legendary

Activity: 4102

Merit: 1454

Quote from: davis196 on December 12, 2021, 07:13:57 AM

That bubble popped,because there wasn't enough demand and buying power to sustain the BTC price above 60K USD.

People over use that phrase, BTC was feared to be a bubble so many times but its been a decade already so that bubble was cast in iron it would seem not really matching those dynamics. Volatility is always there however both in ability to rise and pullback as we've seen. The OP is a bit out of line in his description of price action, we have not even neared the lows of the summer and this current pullback just amounts to profit taking to be expected as normal in occurrence.
I quoted your text especially as the signal to sell especially was the new ATH which failed to hold and after very positive news in the BTC ETF being made available. If we cant continue in such bright sunny days, then expect a colder wind to blow in with this selling its not new we've done it before and my appraisal of this entire year is positive beyond any normal expectations. This is the perfect score overall, even if we ended 2021 in the 40k area that'd still be my opinion BTC retains extremely good health in terms of its market performance and hopefully continues to improve across all dynamics also.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: davis196 on December 12, 2021, 07:13:57 AM

Quote from: HridoyHk_15 on December 10, 2021, 12:48:22 PM

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?

The Bitcoin market isn't supposed to be stable.If you want a stable market,then go for stablecoins or fiat currencies.Bitcoin is volatile and it will always remain volatile,despite the fact that many people don't like price volatility.
The spring price crash was a price bubble,which was pumped by Elon Musk and then popped by Elon Musk,with a little help coming from China.
The current price crash was a price bubble,which was pumped back in October by some bullish news about Bitcoin ETFs and BTC miners moving away from China.That bubble popped,because there wasn't enough demand and buying power to sustain the BTC price above 60K USD.

The price volatility of bitcoin is the reason why a lot of traders are attracted to this currency.
They are hoping to gain profits from this market. So being stable is not the factor that they are looking for.
The price decline may just be the correction that we need to see after reaching different ATHs this year.
But comparing to previous years, we are still way above as compared to the last decade of bitcoin life.
So people should not complain when btc is in the 40 or 50k level, because those levels are already great as compared to previous years.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: sana54210 on December 12, 2021, 04:14:12 PM

Quote from: rodskee on December 12, 2021, 05:54:10 AM

i don't think that we are heading towards "Stable Market" the volatility of cryptocurrency will remain forever same as the value of Bitcoin.

in this i believe that we are just going through some hesitation from Holders and some manipulation about the whales , and the most affected one are the Newbies and weaklings .
I'm afraid that if this continues then many new comer will be again become loser and may not trust the market again like those who become victims after the 2017 Bull market and when 2018 comes all of them are losers .

The reason why people assume that it is getting more stable these days is the fact that we are living in low volume and low liquidity part of the market right now. Doesn't mean that it will stay like this, there is a good chance it could drop with a single bang and we would be all shocked, or it could skyrocket to 70k+ prices as well.

However, the situation right now is the fact that we are living in a world of stabilized market not because people are getting close on sell and buy orders and everyone is keeping it around these prices, it is mainly because there are not that many buyers or sellers. The ones who own bitcoin are mainly holding it, and the ones who are not in are not getting in, and there are some smaller number of traders who buy and sell between each other making some smaller amount of changes but that is about it. This is why the market looks a bit more stable these days.

They prepare to hold than to sell as they know that Bitcoin will grow more. They tried to picture what happened in its early days, nobody thinks this will be multifold many times and that is what they think right now. I may agree with that thing but something we don't live like this forever, without selling/buying, we can never expect the market to grow as well. And this gives a way to think that the volatility of the market stays and it moves up and down depending on the market demand and supply. It can never be stabelize, ever.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: rodskee on December 12, 2021, 05:54:10 AM

i don't think that we are heading towards "Stable Market" the volatility of cryptocurrency will remain forever same as the value of Bitcoin.

in this i believe that we are just going through some hesitation from Holders and some manipulation about the whales , and the most affected one are the Newbies and weaklings .
I'm afraid that if this continues then many new comer will be again become loser and may not trust the market again like those who become victims after the 2017 Bull market and when 2018 comes all of them are losers .

The reason why people assume that it is getting more stable these days is the fact that we are living in low volume and low liquidity part of the market right now. Doesn't mean that it will stay like this, there is a good chance it could drop with a single bang and we would be all shocked, or it could skyrocket to 70k+ prices as well.

However, the situation right now is the fact that we are living in a world of stabilized market not because people are getting close on sell and buy orders and everyone is keeping it around these prices, it is mainly because there are not that many buyers or sellers. The ones who own bitcoin are mainly holding it, and the ones who are not in are not getting in, and there are some smaller number of traders who buy and sell between each other making some smaller amount of changes but that is about it. This is why the market looks a bit more stable these days.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: rodskee on December 12, 2021, 05:54:10 AM

Quote from: HridoyHk_15 on December 10, 2021, 12:48:22 PM

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 don't think that we are heading towards "Stable Market" the volatility of cryptocurrency will remain forever same as the value of Bitcoin.

in this i believe that we are just going through some hesitation from Holders and some manipulation about the whales , and the most affected one are the Newbies and weaklings .
I'm afraid that if this continues then many new comer will be again become loser and may not trust the market again like those who become victims after the 2017 Bull market and when 2018 comes all of them are losers .

Nobody is become a victim If they study and know what exactly they're putting their money into.
These kinds of posts are most probably a product of worrying that they might lost what they have invested to Bitcoin. Rather showing frustrations over e declining market, thus seeking some advices from old investors to ease the worries they have been experiencing.
Look at how he mentioned about Bitcoin value stabilization. That's one indication right there that they haven't fully understood where they put their money into.

Topic: Why the bitcoin market has been dumping so much for months - page 3. (Read 742 times)