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Author Topic: Why Bitcoin Crash??  (Read 3050 times)

Offline tervel

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Re: Why Bitcoin Crash??
« Reply #15 on: May 14, 2021, 03:58:05 PM »
It's just correction. Musk's reversal will have a short-term negative impact on bitcoin and the crypto landscape as the market digests this news from one of its biggest supporters.

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Re: Why Bitcoin Crash??
« Reply #15 on: May 14, 2021, 03:58:05 PM »

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Re: Why Bitcoin Crash??
« Reply #16 on: May 14, 2021, 07:25:43 PM »
Elon statement definitely affects bitcoin price to some extent but we can say it's a correction as well as we are seeing the continuously bullish move of BTC for a long. We can not say its a bearish period just have some patience for some time market will back with a bang again. Currently, BTC is trying to recover and moved up a little again. Even If we compare today Bitcoin price it is quite better than yesterday overall Btc is rising again.

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Re: Why Bitcoin Crash??
« Reply #17 on: May 14, 2021, 07:46:58 PM »
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?

Just to draw a concern, I think the title of this post should have been, "Btc price drop, or dump" in my opinion. However fluctuations is a part of Btc pattern and the price is certain to ether increase or decrease from time to time but can not crash, it is just a normal price fluctuations. As a matter of facts, the price of btc is known to fluctuation at any time and has proven very difficult to predict accurately. Thank you

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Offline jhm

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Re: Why Bitcoin Crash??
« Reply #18 on: May 14, 2021, 11:25:17 PM »
Wouldn't worry too much, price will bounce back. I do think Tesla has "part" of the blame, as previously mentioned

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Re: Why Bitcoin Crash??
« Reply #19 on: May 15, 2021, 06:43:26 AM »
Wouldn't worry too much, price will bounce back. I do think Tesla has "part" of the blame, as previously mentioned
I was disgusted with the news of Elon Musk disapproval of Bitcoin in buying Tesla which had consequently resulted in the dump in the price of Bitcoin, the whales control and manipulate the price of Bitcoin at will this is one of the ready Bitcoin may not be adopted in midstream of financial system  because constant manipulation of the price by the so-called whales.

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Re: Why Bitcoin Crash??
« Reply #20 on: May 15, 2021, 10:59:54 AM »
I was disgusted with the news of Elon Musk disapproval of Bitcoin in buying Tesla which had consequently resulted in the dump in the price of Bitcoin, the whales control and manipulate the price of Bitcoin at will this is one of the ready Bitcoin may not be adopted in midstream of financial system  because constant manipulation of the price by the so-called whales.

Fortunately Bitcoin is not owned by Elon Musk or Tesla, nor is their money the only one that can affect Bitcoin in a positive or negative way as in this case. Bitcoin will recover its price (its value can never lose it) and we will see new ATH without a doubt, it is only a matter of time and that people know how to think for themselves and not believe everything that the manipulators say.
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Offline Lukasz

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Re: Why Bitcoin Crash??
« Reply #21 on: May 15, 2021, 11:02:11 AM »
Except TA and generall psychological resistance at 60 k which was attempted to break it was Elon Musk tweet also miner hash rate drop which related to miner confidence and is an indicator that needs not to be frowned upon
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Re: Why Bitcoin Crash??
« Reply #21 on: May 15, 2021, 11:02:11 AM »


Offline shadowdio

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Re: Why Bitcoin Crash??
« Reply #22 on: May 15, 2021, 05:22:13 PM »
the down of bitcoin was because of tesla announced that will not accepting bitcoin as a payment. Well they just try to crash bitcoin but I believe this is just temporary, the price of bitcoin will bounce back just keep hold your bitcoin.

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Re: Why Bitcoin Crash??
« Reply #23 on: May 15, 2021, 09:37:27 PM »
the down of bitcoin was because of tesla announced that will not accepting bitcoin as a payment. Well they just try to crash bitcoin but I believe this is just temporary, the price of bitcoin will bounce back just keep hold your bitcoin.
the main factor that should keep the price down is Tesla's investment in Bitcoin, not the acceptance of Bitcoin as a means of payment. Bitcoin can become a means of payment only when all aspects of business and taxation are agreed.

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Re: Why Bitcoin Crash??
« Reply #24 on: May 16, 2021, 11:36:57 AM »
Simply have a take and observe the scenario for some days, then you'll be shocked that that is an notable occasion bitcoin. while if we study it from last sometime by myself there was a deeper correction and it can sooner or later boom once more. Then in last month there has been any other correction which became nearly similar to in March however all over again bitcoin should growth again. So if now the correction takes place once more in an inexpensive degree and there may be no want to be afraid, that is an possibility to have the ability to shop for and keep it, you'll be capable of do day by day buying and selling whilst a correction happens like this as it will glaringly be profitable. We see there may be nevertheless an extended manner to head for bitcoin to attain its maximum degree, it's miles nevertheless till the cease of the year if we see from the primary and 2nd halving that happened. So obviously there's fear, however if we study Bitcoin behavior, of direction this isn't a odd thing.

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Re: Why Bitcoin Crash??
« Reply #25 on: May 22, 2021, 06:02:44 PM »
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 is the time for correction , so we should keep calm to see this..
Bitcoin is going down to 38K USD now.
But I believe, we will see the bullish again.
Maybe the basic factor is Elon musk refuse bitcoin for Tesla payment.
The Chinese government also prohibit bitcoin mining.
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Re: Why Bitcoin Crash??
« Reply #26 on: May 22, 2021, 06:31:05 PM »
All the coins that are in the cryptocurrency market show that the price of all the coins has started falling.The state of the cryptocurrency market is very bad now.Those who buy and hold tokens now are more likely to make good profits in the future.

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Re: Why Bitcoin Crash??
« Reply #27 on: May 23, 2021, 05:13:03 AM »
All the coins that are in the cryptocurrency market show that the price of all the coins has started falling.The state of the cryptocurrency market is very bad now.Those who buy and hold tokens now are more likely to make good profits in the future.
The current correction is beyond the predictions that have occurred so far, because a while ago crypto was excited because many could reach renewable ATH. Obviously this is certainly good news and many are optimistic that it will continue to move upwards.

But unexpectedly, from the first news @elonmusk, the correction had started to occur but it didn't look surprising, but when there was news about bitcoin being banned in China, this resulted in a prolonged correction. whether news like this always makes bitcoin corrected. Of course it's a shame because it shouldn't have happened.

but bitcoin has experienced that many times and will be able to control it again and we are waiting for there to be an upward movement again.
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Re: Why Bitcoin Crash??
« Reply #28 on: May 23, 2021, 05:31:36 AM »
One of the reasons behind the decline in the price of Bitcoin is the boycott of Bitcoin by the world famous car manufacturer Tesla. The price of Bitcoin has been declining ever since they officially shared this news. However, there are many more reputable companies in the world that may later accept Bitcoin then maybe the price of bitcoin may rise again.
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Re: Why Bitcoin Crash??
« Reply #29 on: May 23, 2021, 05:53:31 AM »
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?

The bearish period seems still far from my expectations, but if you see a 50% decline, this situation can be declared bearish after several months from now, there are many opportunities to buy when the market situation is crashing, I can't just miss moments like this. , buying before the coin's price rises again is a good option before many new investors buy into the lot of Bitcoin they have stored for the long term

 

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