Why the bitcoin market has been dumping so much for months - page 4.

davis196

hero member

Activity: 3192

Merit: 939

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.

rodskee

full member

Activity: 2576

Merit: 205

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 .

bots1

sr. member

Activity: 959

Merit: 278

Vave.com - Crypto Casino

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.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: adaseb on December 11, 2021, 10:36:54 PM

I think the reason why many people complain is due to people like that s2f guy on Twitter who was promising that Bitcoin has to hit $98K at the end of November and like $150K or so in Dec and Jan.

Or maybe they are complaining because there is no logical explanation for the trend change and the big drop that brought price to below intrinsic value of bitcoin, under a strong resistance. Even if price remained somewhere around $60k for months nobody would have really complained. But $49k-$48k prices don't make any sense at this point where intrinsic value is a lot higher.

adaseb

legendary

Activity: 3808

Merit: 1723

I think the reason why many people complain is due to people like that s2f guy on Twitter who was promising that Bitcoin has to hit $98K at the end of November and like $150K or so in Dec and Jan.

These people all bought Bitcoin at >$65K because they were conditioned to believe that. And hence this is the reason we got this dip. Most likely we will trade sideways for 2-3 months to weed out these people who are in it for the fast cash.

Luqman

sr. member

Activity: 826

Merit: 263

Quote from: Oceat on December 11, 2021, 05:58:58 PM

You should be lucky when it goes down so that you can buyback again

Not all people have already sold their assets and converted to USDT, I guess only a few people can buyback this time. I am one of the unlucky people who saw my assets drop much and no longer have money to buy at the dip. So, I can feel what HridoyHk's feeling (OP), he is probably worried that crypto market continues to drop.

Quote from: Oceat on December 11, 2021, 05:58:58 PM

HODL if you feel like losing a lot and wait for your desired price to sell.

I did it, prefer to hold than selling although the market continues dropping. In my opinion, there is still hope for another pump because I think the end of bullish is unlikely like this scenario. So, I still set order sell with my targeted price on each crypto coin.

Oceat

sr. member

Activity: 2506

Merit: 368

You should be lucky when it goes down so that you can buyback again if you are trading but if your reason is simply just because you want to cash out, you better think deeply why is the market doing this. Besides, the $68k is just your lucky price if you compare it to the price last year. You should be glad it's finally staying this long unlike the other bull run days it won't last for a couple of months.

HODL if you feel like losing a lot and wait for your desired price to sell.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: cryptomaniac_xxx on December 11, 2021, 05:29:25 PM

Quote from: pawanjain on December 11, 2021, 11:24:06 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?

Nobody said it has to be a stable market. Crypto is known to be a volatile asset and it is expected for the market to be volatile during bull/bear runs.
To be honest, the current pump and dumps are comparatively better than the previous pumps and dumps.
Take a look into the previous cycles and you will know how volatile the market had been previously.
I think the market is maturing every year and things will get better in the long term.

Yep, those who have been in the 2017 bullrun/bearish run have matured enough in the next 4 years because they've seen enough of the market, and how it goes during that time. But for sure there are newcomers who really don't know what to do, or expecting more from the price movement.

Specially everyone might have set that in December we will hit $100k, but it's not going to happened. But we need to understand and be mature enough that not all predictions are going to happen. And maybe that's one reason why the market is still strong even if we miss that 6 digits.

People who experience that will not surprise to see this happening right now and many people get used on what they see today since the happening before is more worse than what happened these days. But hopefully we will not go the same since it so suck to have long time bearish condition so hopefully we can see a huge recovery so that we can still see the market go strong and potentially it will reach to $100k as people predicted it.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: pawanjain on December 11, 2021, 11:24:06 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?

Nobody said it has to be a stable market. Crypto is known to be a volatile asset and it is expected for the market to be volatile during bull/bear runs.
To be honest, the current pump and dumps are comparatively better than the previous pumps and dumps.
Take a look into the previous cycles and you will know how volatile the market had been previously.
I think the market is maturing every year and things will get better in the long term.

Yep, those who have been in the 2017 bullrun/bearish run have matured enough in the next 4 years because they've seen enough of the market, and how it goes during that time. But for sure there are newcomers who really don't know what to do, or expecting more from the price movement.

Specially everyone might have set that in December we will hit $100k, but it's not going to happened. But we need to understand and be mature enough that not all predictions are going to happen. And maybe that's one reason why the market is still strong even if we miss that 6 digits.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: pawanjain on December 11, 2021, 11:24:06 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?

Nobody said it has to be a stable market. Crypto is known to be a volatile asset and it is expected for the market to be volatile during bull/bear runs.
To be honest, the current pump and dumps are comparatively better than the previous pumps and dumps.
Take a look into the previous cycles and you will know how volatile the market had been previously.
I think the market is maturing every year and things will get better in the long term.

^ You are definitely right, things are getting better in the long run and that was BTC is.
I don't mind if there is a correction in BTC, instead, I may think that it is the right time to accumulate more if I have extra money to invest.
That is normal to the BTC price, it will always fluctuate because of the volatile nature that BTC has, as you said, this is known as a volatile asset which is nothing to worry about if the price will drop. Just keep holding your asset and you will never regret it in the future.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

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?

Nobody said it has to be a stable market. Crypto is known to be a volatile asset and it is expected for the market to be volatile during bull/bear runs.
To be honest, the current pump and dumps are comparatively better than the previous pumps and dumps.
Take a look into the previous cycles and you will know how volatile the market had been previously.
I think the market is maturing every year and things will get better in the long term.

Ararbermas

sr. member

Activity: 2016

Merit: 283

That's what it is mate.. Buy low and sell high so probably holders were dumping right now for goods wherein to prevent losses especially those who invested for short term only. So don't be surprised because its a common event in the space..infact that's why the crypto market has a bullish and bearish season for that reason. So just relax if you're a long term holder and you don't need to dump money for xmas.. Grin

just wait for the dip instead so that you can add more for the next bullish season..

Leviathan.007

hero member

Activity: 1806

Merit: 722

Leading Crypto Sports Betting & Casino Platform

I don't see any reason to say bitcoin dumping for months, my question is why people don't ask why bitcoin is bullish during the last years. No matter if you are talking about bitcoin or anything else, of course, the price need a correction and need to get some rest after months of being bullish and if you check the price in long term you will see these corrections are very important and needed for the price to reach higher targets. Because at these price levels people and the bulls can buy bitcoins at some cheaper price and hold, it will just take some time.

RiskySanchez

full member

Activity: 588

Merit: 100

Still reasonable because what we can see from the history chart it is still very healthy this is just a correction like what happened in July 2021, so don't worry about current conditions. dumps and pumps are normal in the crypto market and this is the right moment to buy some coins that have the potential for the next bullrun

BitcoinAccepted

legendary

Activity: 2660

Merit: 1009

Quote from: bitzizzix on December 11, 2021, 10:03:43 AM

Yes, that's how people, when there is a good increase, they will discuss the increase and also predict the next price and show feelings of joy because the price continues to rise, and vice versa.
and what actually happened to the market, especially bitcoin, is a natural thing and what we need to do is be patient and also don't need to panic because sooner or later the price will rise again.
we have to learn from experience and what has happened before because what happens in correction can take a very long time as well as a short time, and that is where we are tested and what attitude we should take because what actually happened is normal.

I could not disagree with you that. Maybe through such, we can see how different people take on and internalise each market movement, and so their intentions and faith in the future of bitcoin and any other cryptocurrencies. Indeed, attitude, patience and faith are tested during such times.

Quote from: goldkingcoiner on December 11, 2021, 10:20:04 AM

Well, from my perspective, and that is a perspective which comes from watching two things: the news and the chart. I can only say that this is a regular correction which is kept being pushed down by bad news like the omicron news, the news about Biden inflation and some other small things.

I would not call this a dump. Rather an expected dip. The monthly has been up for too long and we were very oversold on the RSI. I recommend visiting the speculation subforum if you want to speculate...

Agreed. Correction is regular phase in the crypto market and is something that must be definitely get used to by every individual who indulges in under such market. As they say, it will not be always rainbows and butterflies, but at the end of the day one who perseveres and believes will gain reward.

goldkingcoiner

legendary

Activity: 2282

Merit: 2051

A Bitcoiner chooses. A slave obeys.

Well, from my perspective, and that is a perspective which comes from watching two things: the news and the chart. I can only say that this is a regular correction which is kept being pushed down by bad news like the omicron news, the news about Biden inflation and some other small things.

I would not call this a dump. Rather an expected dip. The monthly has been up for too long and we were very oversold on the RSI. I recommend visiting the speculation subforum if you want to speculate...

bitzizzix

sr. member

Activity: 2590

Merit: 452

Enjoy 500% bonus + 70 FS

Quote from: btc78 on December 11, 2021, 09:01:01 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?

you only mentioned the decrease in prices but never mention anything about the increases happens for a months now?

and wrong because Bitcoin in November made its way to more than 68,000 before falling down again to 50k level.
so this means one thing that you are just pointing to what dumps bring us but not about the Pumping.

Yes, that's how people, when there is a good increase, they will discuss the increase and also predict the next price and show feelings of joy because the price continues to rise, and vice versa.
and what actually happened to the market, especially bitcoin, is a natural thing and what we need to do is be patient and also don't need to panic because sooner or later the price will rise again.
we have to learn from experience and what has happened before because what happens in correction can take a very long time as well as a short time, and that is where we are tested and what attitude we should take because what actually happened is normal.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

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?

you only mentioned the decrease in prices but never mention anything about the increases happens for a months now?

and wrong because Bitcoin in November made its way to more than 68,000 before falling down again to 50k level.
so this means one thing that you are just pointing to what dumps bring us but not about the Pumping.

Hypnosis00

sr. member

Activity: 2478

Merit: 343

20BET - Premium Casino & Sportsbook

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?

It was a normal phenomenon in the market. It pumps and also it dump naturally as of many factors that cause for such trend. But, I don't think that we need to feel bad about the situation and even to feel worried. No, it wasn't the end of crypto nor did it lead to becoming a stable market. No signs for that, actually.

We have had a huge correction in the past few days but recently, we have even seen the market in an uptrend motion. We're moving back high again and one factor is that people are not in panic selling but instead, they keep hold as they know that it won't help the market to recover as it only leads to dumping more.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: Obito on December 11, 2021, 06:53:12 AM

OP is one greedy SOAB, bitcoin has gone down to 30k this past months so I don't see how you're being pathetically angry that bitcoin is on the red, as if the green days should go forever. Did you bought at the peak that you're being mad about the market dumping?

a reasonable market reaction, don't we already know that bitcoin has high volatility, why do we complain even though the decline is still within reasonable limits. if we buy at the top, then we can buy it back when there is a decline. does the OP buy with all his capital in one price, so that the ambition is that the price will continue to rise

Topic: Why the bitcoin market has been dumping so much for months - page 4. (Read 761 times)