I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it.
The reason is relatively simple, the price went too high and there was not enough demand to sustain that price, then when it began to go down people panicked and this created a chain reaction and the price went down even faster creating an important correction, there is some debate about what caused the spark with some arguing it was Elon, but regardless of what was the spark sooner or later the price would have gone down anyway as it was impossible at least for the time being for the price to remain that high. 
Topic: why the price of Bitcoin dumping? (Read 298 times)
I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it.
1. Sentiments of the investors2. Elon Musk's tweet
3. China
I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it.
When it comes to price movement then there would be factors to consider;-Demand
-News/Events
-Unknown Reason
If there are people who do know on what would happen next in bitcoin price movement then i would consider this
as a rich man.
The easy logic to understand is that, if it goes up, it has to go down and vice versa.
a good answer but this part is missing an important point. the "go down" part is always smaller than the "go up" part.
think of it as taking 3 steps forward and 1 step backward. that way price always ends up higher and higher in long term.
sometimes it is as 10 steps forward without any backward steps so after a while suddenly we see 4 steps backward instead of the 1 like above. and this last part is what we've been seeing in the past 2 weeks.
Thanks for that addition.
That's a fact that whenever bitcoin goes up, the going down part takes a very little part. Bitcoin's going up usually happens with a bigger return and then corrects little with the gain that happens.
There are so many reasons why the bitcoin price is being thrown away including this market sentiment.
But we now have a lot of reasons why the price is thrown away after reaching ATH and this is usually in bad news and FUD is widely published and market manipulation, some people are weak hands if they know about this they will panic tremendously and this can affect the market.
After reaching 60k ATH there will definitely be a big waste, we just wait.
But we now have a lot of reasons why the price is thrown away after reaching ATH and this is usually in bad news and FUD is widely published and market manipulation, some people are weak hands if they know about this they will panic tremendously and this can affect the market.
After reaching 60k ATH there will definitely be a big waste, we just wait.
I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it.
Market sentiment.Most traders are simply following what other people are doing. Market correction were triggered by various news some 10 days back and then people keep dumping to get better prices to re-enter.
Usually traders do sell until support regions are holding and this time $32k seems a good support levels hence when market inching toward then holders do sell and then buy back around those support levels. So, once bitcoin market enters into bearish mode, most people helping it to lose up to 50-70% from peak levels. This is what currently happening.
See its posts like this why I think we topped $64K back in April. People who are joining crypto or even stock market they truly believe that "stocks only go up" and for them its a surprise that their investment is at a loss.
People tell their friends that they made good money with stocks and crypto. Their friends just and make good money. Then they tell their friends and this is why everybody you know is talking about stocks and crypto. Only people who are not talking about stocks and crypto are maybe the elderly. And they are so accustomed to making money by doing nothing that they think they are dreaming when they wake up and one of their assets is at a loss.
This is why this is such a huge bubble that might burst eventually. Maybe when the fed increases rates or when covid19 is finally put to bed.
People tell their friends that they made good money with stocks and crypto. Their friends just and make good money. Then they tell their friends and this is why everybody you know is talking about stocks and crypto. Only people who are not talking about stocks and crypto are maybe the elderly. And they are so accustomed to making money by doing nothing that they think they are dreaming when they wake up and one of their assets is at a loss.
This is why this is such a huge bubble that might burst eventually. Maybe when the fed increases rates or when covid19 is finally put to bed.
Ever since Bitcoin had broken from its last ATH (19,000$) it's price rally really lacks the volume that support it to go up, simple an asset going up while the volume isn't increasing isn't really a good sign that the price rally Bitcoin is doing is health thus every time we see a price correction it quickly falls down without any kind of resistance. Add this with other elements such as FUD and panic sellers then you have a recipe for Bitcoin's price fall. Another term for what happened is this was a market correction since Bitcoin's rally and majority of the cryptocurrencies in the market had a massive price increase on a short period of time while there is no volume to support it.
The easy logic to understand is that, if it goes up, it has to go down and vice versa.
a good answer but this part is missing an important point. the "go down" part is always smaller than the "go up" part.
think of it as taking 3 steps forward and 1 step backward. that way price always ends up higher and higher in long term.
sometimes it is as 10 steps forward without any backward steps so after a while suddenly we see 4 steps backward instead of the 1 like above. and this last part is what we've been seeing in the past 2 weeks.
Not all price decrease equates to dumping. The current price drop right now stemmed from price correction instead of dumping imo. Yes, there were some that sold their coins, but it isn't the biggest factor that contributed to it. The past price of around $50k or so was the result of hype, one that lasted for quite a few months and has a pretty high chance of going down to lover levels to regulate itself, and that's what correction is. There was a chance for it to stay and regulate itself there, but it's a very low one.
Together with other factors such as the Elon news, China news, and other FUD news, those are primarily the main reasons why BTC prices dropped.
Together with other factors such as the Elon news, China news, and other FUD news, those are primarily the main reasons why BTC prices dropped.
Not all the times that the market will dump because of something big, something that drags the market price going down. No, it wasn't like that but to tell you that this current momentum wasn't a thing to worried, it was just in time that the market had to slow down. Apparently, we have seen this several times before and it was the same scenario we've experienced today.
We have a lot of FUDs, fake news, and etc...that could possibly creates such a thing but at this time, it was Elon Musk who started this but after all, I'd never weighed that big as the main reason for this decline. I thought of this was a normal market correction, nothing else.
We have a lot of FUDs, fake news, and etc...that could possibly creates such a thing but at this time, it was Elon Musk who started this but after all, I'd never weighed that big as the main reason for this decline. I thought of this was a normal market correction, nothing else.
Its not really dumping, it has developed some negative trend after outlasting the previous uptrend and losing momentum. This is normal price action as various traders and parties in the market speculate then withdraw cash, real users require a longer term price that is very often lower. The short take is there are multiple time frames, very fast movement and people who only sell or buy once a month maybe and when they see its down they sell but its very late selling and that could be where we are now.
I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it.
When you started the topic the market might be going down but the 24 hours percentage shows it has grown above 3% and the market is able to sustain above $30k which is a good sign and whenever the market reaches those support levels we usually see the market getting increased interest in buying more and if that support can be sustained we might see another rally in the coming months. legendary
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I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it.
1. Sentiments of the investors2. Elon Musk's tweet
3. China
Doing a quick search on google may lead to you to the answers of your question
. Overall, we need this dump or in this case correction and its common already that dumps like this happen especially when the market is constantly going up for quite some time. Another one is that, dumps are opportunities for some investors because they can buy it at a lower price instead of buying it at the peak. I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it.
actually using simple keyword through google you a get some information like real quick what is the main reason why there's a dumping in bitcoin and etc. Wherien no need to ask here if you really want to know more, indeed all the specific information nowadays can be found in Internet as simple as that. 
I wanna know the reason of dumping bitcoin price. I am new so i wanna know a lot about it.
are you serious about being new? then why know that the price of bitcoin is dumping when just weeks ago the price of bitcoin climbing High.and also you have asked this so late because the price now is pumping again .
https://coinmarketcap.com/currencies/bitcoin/
Bitcoin is growing great mate, so stop the fud.
I'm no expert in trading but usually when a certain coin reach its all time high the next event will be the correction, well the correction is a heathy and natural thing that happened in the market well many people including me lose on the dump that happened but let's not take away the fact that this dump is also a good allocation time to have more cryptocurrency.
ya.ya.yo!
ya.ya.yo!
In fact, there are many reasons why the price of Bitcoin has fallen. First of all, with the increase of altcoins in the market, some people will sell part of their bitcoins and then buy altcoins, which will cause the price of bitcoins to fall. Secondly, the price of Bitcoin will also be affected by national policies. For example, a few days ago, China issued a new policy prohibiting the trading of Bitcoin and Bitcoin mining. This policy has just been introduced, and the price of Bitcoin has plummeted. In short, the decline in the price of Bitcoin is affected by many factors, and you will understand when you actually enter this market.
its not 'dumping'
its correcting to pre spring levels
$60k was not the sustainable norm.$60k was the hyped exception
we are now seeing more of what a sustainable norm price looks like
lastly.
its not a dump. its a good value purchase area. so buy in before the next rise or you will be crying about 'why did it rise so much again' wishing it would go down to buy in
its correcting to pre spring levels
$60k was not the sustainable norm.$60k was the hyped exception
we are now seeing more of what a sustainable norm price looks like
lastly.
its not a dump. its a good value purchase area. so buy in before the next rise or you will be crying about 'why did it rise so much again' wishing it would go down to buy in
First of all, there is nothing that only rises and does not fall. For Bitcoin, the vast majority of Bitcoin investors are not long-term holders. Some of them bought bitcoin when the price of bitcoin was low and sold it when the price was high, resulting in a decrease in the price of bitcoin.
Sometimes people in the forum may be misled by the forum. The vast majority of active forum users can be counted as long-term Bitcoin holders. They believe in the theory of decentralization and think it can be realized. However, from the data of Coinbase and Bianace, there are still a large number of Bitcoin transactions taking place every day, which may cause price fluctuations or even skyrocketing.
Sometimes people in the forum may be misled by the forum. The vast majority of active forum users can be counted as long-term Bitcoin holders. They believe in the theory of decentralization and think it can be realized. However, from the data of Coinbase and Bianace, there are still a large number of Bitcoin transactions taking place every day, which may cause price fluctuations or even skyrocketing.
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