Bitcoin dump unfortunate

[Alcor]

unfortunately bitcoin huge dump. Because USA president Joe Biden said, The one who earns more will pay more tax. But I do not understand, Why is Bitcoin dumping for this? Someone explain it to me, please.

It is unlikely that these words of Biden led to such a strong and prolonged fall of the entire crypto currency market. First of all, because I do not see anything unusual in them, including for this market. In all civilized countries, this is a normal practice, the rich always pay more. Logically, on the contrary, Biden’s words should have led to higher prices in this market, since the rich had to take measures to hide their wealth, and one of the best means for this is investing in cryptocurrency. Yes, and the United States is a relatively small part of our world, where only 331 million of the 7.95 billion people in the world live. It is unlikely that their relatively small problems could have such an impact on the cryptocurrency market. Usually bad news has a short-term impact on this market, and we have been in a bear period since last year.

[Seerge]

The dumping of bitcoin affects the entire cryptocurrency market. Unfortunately today more dump has been seen in bitcoin which has broken down to $29136. International decline is affecting bitcoin as well.

This is what worries me, the price of Bitcoin drops will be followed by other coins. And this condition will get worse if investors and traders panic, then they prefer to sell their coins then it is ensured that the price of Bitcoin will continue to fall. I actually anticipated this situation, and also prefer to hold a Fiat, as my friends do

[Google+]

when the price of bitcoin collapses like that then you have to be able to use it well because surely the price of other altcoins will also decrease in price because of the influence of the collapse of the bitcoin price, as happened a few days ago, the price of bitcoin collapsed, so many altcoins collapsed.

[Damrai5$]

As time goes on, the price of Bitcoin is being dumped a lot. Many people think that the price of Bitcoin may increase again but if it increases a little, it is seen that it is decreasing more than that.

[EthereumDev_]

when the price of bitcoin collapses like that then you have to be able to use it well because surely the price of other altcoins will also decrease in price because of the influence of the collapse of the bitcoin price, as happened a few days ago, the price of bitcoin collapsed, so many altcoins collapsed.

I totally agree with what you are saying because many whales prefer to enter in very large numbers when the price collapses, once it starts to look up then they whales will try to make a profit withdrawal by knocking the price down to the bottom price again.

[silkytakyaan86]

As we all know. There is a huge drop in bitcoin right now. And it's been a long time since. And I think, that's probably why everyone is selling bitcoin. But, we have to be patient. It will definitely touch the sky again.

[KaliLinux]

As time goes on, the price of Bitcoin is being dumped a lot. Many people think that the price of Bitcoin may increase again but if it increases a little, it is seen that it is decreasing more than that.

That is how the market works. Even if the market is in a Bull season, the price just doesn't go straight up, it will decrease a bit and continue upward likewise for the bear season which we can confirm now. If you have studied the price action in previous seasons you will notice this the only worry now is that Bitcoins price has never fallen below previous ATH as we just saw today meaning the market pattern has changed however I don't have a doubt that BTC will still come back it might just only take a few more years as usaul.

[TopT3ns]

currently the price of bitcoin has collapsed very deeply and has made many people feel depressed because they have suffered enormous losses, except for those who already understand the bad global economic conditions and make short orders with futures trading, they should now be able to get a lot of profit.

[syedrasool2011]

I lost lot of money in crypto but still holding my coins I will hold it for long term so am not selling my coins also big dump is coming soon about 12k I think so after that it will pump hard.

[Freemind]

I know it's hard, but what a lot of people need to learn is to be driven by data, not emotion. All historical data on cryptocurrencies since the launch of Bitcoin is available and easily accessible to anyone. Many people must also learn that the market cannot always be green and growing without stopping, it is normal for there to be people who sell to make a profit, and it is also normal for whales to play with the market. Historical data helps us understand that what is happening is not new and that it will happen more times.

[Jamal Aezaz]

Remember the dot com bubble.  Then 2008.   Then the crash at the onset of covid.  When things began to turn positive, they eclipse lost purchase points in no time. Bitcoin went from 3500 to 25 k in about 12 months. U buy it and cost average into your position higher or lower. Buy something you believe in. Not because you have a hunch but because u believe they are the best of the field.

[Muneeb22]

Just not the Bitcoin all the crypto market is down and all the coins will come down regularly. Soon the market go high and that time the Bitcoin will touches the $100,000 because soon the big bull is start and the market touches the sky that time and the other crypto coins go high also.

[Linda78]

At present, Bitcoin has pushed people to the brink of destruction. Especially those who have made the future have suffered the most.That's why we shouldn't lose patience. Bitcoin will start pumping again soon.The market is not always the same.Hopefully it will return to my previous position soon. Because Bitcoin is the only and number one cryptocurrency Coin

[Confero]

Just not the Bitcoin all the crypto market is down and all the coins will come down regularly. Soon the market go high and that time the Bitcoin will touches the $100,000 because soon the big bull is start and the market touches the sky that time and the other crypto coins go high also.

Don't expect Bitcoin to hit $100k soon, it's not that easy and fast.  Bitcoin price drops are normal, if there is bad news about Bitcoin the price will definitely go down. 
But because this is a good Coin, then we don't have to worry because sooner or later the price will definitely go up again.

[Linda78]

Many are frustrated by the dumping of bitcoin prices. It is natural that dumping and pumping will come in the market.Because if the market is not upside down, the market will never survive. Now maybe the market situation is a bit bad but I don't think it will take long to turn around.Because the demand for Bitcoin in the virtual world is all over the world. The future of Bitcoin is much better.