Why Bitcoin Crash??

[SkyRocket]

As we know, today the price of bitcoin is down to $50K, do you know what happen?and we also see the price of all altcoins including ethereum also decreased by almost 10%, what is the moment now? Is this bearish period or it's just correction?

[Master107]

Liquidation or maybe Tesla suspended accepting Bitcoin to purchase its vehicle.





https://www.altcoinstalks.com/index.php?topic=211098.0

[lepbagong]

As we know, today the price of bitcoin is down to $50K, do you know what happen?and we also see the price of all altcoins including ethereum also decreased by almost 10%, what is the moment now? Is this bearish period or it's just correction?

don't just look at the situation for a few days, then you will be stunned that this is an extraordinary event bitcoin. whereas if we look at it from March alone there has been a deeper correction and it could eventually increase again.
then in April there was another correction which was almost the same as in March but once again bitcoin could increase again.

so if now the correction occurs again in a reasonable level and there is no need to be afraid, this is an opportunity to be able to buy and hold it, you will be able to do daily trading when a correction occurs like this because it will obviously be profitable.

we see there is still a long way to go for bitcoin to reach its highest level, it is still until the end of the year if we see from the first and second halving that happened. So naturally there is fear, but if we look at Bitcoin behavior, of course this is not a strange thing.

[sneakyboi]

I think it is just a correction, Traders react to this kind of tweets and experiencing anxiety so they're selling bigtime. This kind of move is just normal in a market, It is good tho because it creates a dip and opportunity to buy Bitcoin again.

[Senin]

I have already noticed that sometimes in the morning we see a decent drop in prices in the market, however, in the first half of the day, prices not only recover, but continue to grow. The same is happening today after another decent price drop. The price of top cryptocurrencies is quickly recovering again. However, the downward trend in the level of dominance of bitcoin continues. It looks like big changes can be expected in this market soon. It is possible that it was because of this that Tesla stopped selling its electric cars for bitcoins. Institutional investors can also quickly restructure. Time to switch to ethereum.

[Muneeb22]

Bitcoin crash and it goes down day by day but i hope the Bitcoin make a great high soon in a short time. Bitcoin just make a short down and then after that it make a very big high in the market in a short time.

[Magepai]

The way Bitcoin started to rise again a few days after the price dropped, it seemed that it would soon reach $70k. But the exact opposite happened and the price of Bitcoin dropped to $50k. Now the way the price of Bitcoin is going down seems to be coming down to $40k again. Now it is not clear whether the market will grow again.

[Freemind]

It seems that Tesla wants to sell its Bitcoins and surely then buy again at lower prices. What I can't understand is that no one at Tesla didn't know how Bitcoin is mined, it seems like an insult to intelligence and a stupid excuse. A few hours ago Elon Musk asked on Twitter if people would like to buy Tesla with Doge, what a coincidence...

[mlawson71]

They know, but they want to trade it like a fiat currency.
As for Musk's tweets, the man very much uses Twitter to drive the market in directions that are useful to him, but a lot of traders think he's one of them.

[Anonylz]

I guess it was basically about that tweet. Until the crypto community that have been hodling strong for years without influences like Elon Musk understands that this guys dont have to come into the system and manipulate the market they way they want after making Billions of $ from it, this will continue to happen. Elon a few weeks or months ago said they invested Billion of Dollars in buying Bitcoin and after making huge profit now say Tesla will no longer accept Bitcoin due to baseless excuses, if a company like Tesla was unable to do this research before investing but was able to know this after making profits, I wonder what will happen to Dogecoin when the time come. This guys are only out for their own pocket. 

[Freemind]

@Anonylz of course, Elon Musk only looks at his pocket, people who think that Elon Musk is interested in cryptocurrencies to enrich others do not know how wrong they are, but when they lose their money they quickly find out. Now is when we will see a lot of new projects that will say they use <1% of the energy, just in the hope that Tesla will accept it. Or maybe Tesla will launch its own coin, who knows.

[gargamel]

fud came back to back yesterday. Tesla first made a statement about bitcoin, then came the news that the US was investigated for the binance exchange. Vitalik announced that it will sell its shiba tokens. Thus, btc retreated to 46k.

[Freemind]

fud came back to back yesterday. Tesla first made a statement about bitcoin, then came the news that the US was investigated for the binance exchange. Vitalik announced that it will sell its shiba tokens. Thus, btc retreated to 46k.

The fact that Vitalik sold his INU tokens I don't think is something that affects the Bitcoin price drop too much, but Elon Musk's statement about Tesla affected a lot. Anyway and as we can see, Bitcoin ($50,898) and the rest of the market is recovering smoothly from the latest events, and from what it seems money is returning to global capitalization.

[monig18]

Big Institutions are continuously buying at every Dip .First they create a FUD ,people got in their trap and start selling  and ultimately Institutions stat buying.They are maintaining  their average of Buying .Tesla also doing this type of action.Anyway, there are more opportunities for such crash to Grab your favorite coins in this crash.Some people only wait for crash and generate money.

[masterrex]

As we know, today the price of bitcoin is down to $50K, do you know what happen?and we also see the price of all altcoins including ethereum also decreased by almost 10%, what is the moment now? Is this bearish period or it's just correction?

I think it's very clear now that the EV manufacturer Tesla has an issue with how Bitcoin transaction was made through mining as it said it is about the environmental issue because Tesla aims to replace fossil fuel cars that emit more carbon into the atmosphere so I think that's the mean reason why Bitcoin price was dipping much investors might be troubled with that statement on other hand maybe other contributory factor is the ongoing tension in the middle east between Israel and Palestine because its a bad news and crypto market will easily react on any news and information.