Bitcoin dump unfortunate

[mlawson71]

People are dumping bitcoin because the price rallied so much and it's time to cash out - before the new tax laws are passed.

[Zero0]

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.

I do not understand the matter. Sadly, the price of Bitcoin has suddenly started to plummet. Today the price of Bitcoin is 57564.54 dollars. Bitcoin's price has dropped a lot compared to a few days ago. I hope the bitcoin market will improve again And prices will continue to rise again.

[Tunir Baap]

Although the price of bitcoin has been changing regularly for some time now, there is not much change in the market of bitcoin at present. In fact, the Bitcoin market is currently stable. However, we all know that the market never stays in the same position for a long time. Since the market has been in the same position for a long time, it can be said that the market will change again soon.  And we are hopeful that the price of Bitcoin will be pumping again soon.

[bayiajaib]

Bitcoin didn't dump after Joe biden said about the tax for people that get profit more from bitcoin.
I think Bitcoin just have corrected then starting to go up again.
Bitcoin has predicted will touch 60K USD , I think It will happen soon.
Bitcoin  price is 56K USD today, I think It is easy to hit 60K USD at this month.
Every inventors are waiting this moment, me too.

[Batch18-19]

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.

My guess is that the price of bitcoin is in a normal state at the moment.However, the market will change again in a few days.Because cryptocurrency is pumping up the value of all other coins except bitcoin. So it is expected that the price of bitcoin will soon return to the trend of growth.

[Anonylz]

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.

My guess is that the price of bitcoin is in a normal state at the moment.However, the market will change again in a few days.Because cryptocurrency is pumping up the value of all other coins except bitcoin. So it is expected that the price of bitcoin will soon return to the trend of growth.

Most time I like to look at Bitcoins price from different time price chat to see what the price action is and I usually believe that the Daily chart is a good one.

Like you said, many alts have pretty much recovered but I still also believe that Bitcoin is doing well back up trend and hopefully keeps the momentum in days to come.

[Rockalo]

I think every investor should be patient. Bitcoin prices have bounced the most this year. Again, the price of Bitcoin has fluctuated a lot. However, the Bitcoin market is at its best this year. Various organizations and rich people have started accepting bitcoin. The cryptocurrency world is constantly expanding with the advancement of Bitcoin. So if the price of Bitcoin goes down or the situation goes bad, the cryptocurrency market will lose control.

[de_prof]

Bitcoin is not dump, just has several corrections.
I think It is the right time to buy bitcoin and do trading. For now, I think bitcoin is suitable for trading and short term investment.
I have bought several bitcoin at last month

[Jaya60]

The cryptocurrency market is never stable, sometimes it is seen as pumping and sometimes it is seen as dumping. Now looking at the movement to increase the price of Bitcoin, it is understood that in a few days it may break the previous record and hit from $70k to $80k. And a variety of shopping malls and commercial transactions in America are taking place through Bitcoin. This means that the price of Bitcoin will be big pumping.

[Angel jara]

The cryptocurrency market is always up and down. Cryptocurrency Marketing Bitcoin prices rise when large amounts of bitcoin are traded. When the price of Bitcoin starts to fall we call it Bitcoin has crashed

[AGM]

Today the BTC price $57,721.00 which is 1.9 % gain in 24 hours so I don't agree btc dump . Every year two or three times the market cap down and run slowly like this unfortunate situation .It is in general before past many people voice the new president Joe Biden bargain tax upon cryptocurrency that's why transactions fees goes high for this reason Bitcoin dump but I think this time overcome very soon and big bull run will start again .

[0t3p0t]

Just a coincidence mate nothing to worry about that because they don't even know you are holding millions of dollars worth of Bitcoins on your wallets so you're free from tax unless you convert it to fiat.

[mahadev]

Just a coincidence mate nothing to worry about that because they don't even know you are holding millions of dollars worth of Bitcoins on your wallets so you're free from tax unless you convert it to fiat.

Yes, I think It's just negative issue. Not effect to bitcoin progress. Joe Boden said about the tax, but I see bitcoin inventors still enjoy their investment. We all see the bitcoin price still increasing and will soar . I believe it.

[lepbagong]

Yes, I think It's just negative issue. Not effect to bitcoin progress. Joe Boden said about the tax, but I see bitcoin inventors still enjoy their investment. We all see the bitcoin price still increasing and will soar . I believe it.

As long as what is said for the purpose of the interests of the country is something that cannot be hindered and intervened, it is clear that the government is doing it with a good aim so that the state can also play an active role. at least if you want to collect tax from every transaction, of course it can be done.

the influence is clear and there is a visible correction, but it is not prolonged, everything can be passed properly. because afterwards bitcoin can move back to increase, which indicates that even though there is a negative effect but can be addressed properly by bitcoin.

I also believe the same as you, that bitcoin will continue to move up until the end of the year which can be said in a long time, of course there will be a high value that will be achieved by bitcoin, we are waiting for that.

[mrjoy15]

ETH has pumped vs BTC. If you’re going to do anything, convert ETH into BTC. You should get back into BTC towards the end of may. Wait for BTC dominance to drop even more and the flipping should happen for the next leg up to 75-80k. It's fine to buy Bitcoin, until you have quick profit. It’s really your choice, whether you would like to listen to anyone or not.