Bitcoin dump unfortunate

[Freemind]

Really very frustrating that the price of bitcoin has suddenly dumped so much. In fact, we never expected the price of a bitcoin to come down so suddenly. I think it will take a long time for the market to return to normal as the market has come down. Because now investors are not getting confidence to invest in different places.

The market in general has suddenly fallen for various causes that we already know, how much Elon Musk talks, and China bans cryptocurrencies like every year since 2013. The market is perfectly fine from my point of view, it remains "stable" waiting for new investments, it is a matter of time, as always, that's why I don't care what happened, cryptocurrencies are above the rich and governments.

[Mas Bro]

In the cryptocurrency market, rising and falling prices have become commonplace. There are many reasons the price of bitcoin has decreased. Moreover, bitcoin has experienced a bullish trend that is taking place at night, there is a possibility that currently the bearish trend of bitcoin has started. The important thing is not to panic and stay calm because after the dump there is always a pump.

[elbans89]

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.

For now, I think bitcoin dump because Elon refuse bitcoin for Tesla payment.
Bitcoin has big dumped , But I see bitcoin already going up again, day by day we will see bitcoin progress to grow.
So, if you still have bitcoin, hold it and wait.
The bullish season will happen at this year. Believe it.

[Centus]

The price of Bitcoin has dropped dramatically in recent years. However, it is expected that the price of Bitcoin will return to the previous level. There is a lot of speculation about the price of bitcoin around the world. Bitcoin is currently in a much better position in the cryptocurrency market. However, in terms of price, the price of bitcoin is much lower. If bitcoin breaks previous records too soon, the worldwide recruitment trade will grow exponentially.

[mlawson71]

I am not sure there will be a new rally that big anytime soon. Bitcoin is in correction mode.

[Sumaiya2]

Bitcoin prices are currently being heavily dumped.  Because the price of Bitcoin is falling twice as much as it is rising, so if the price of Bitcoin continues to fall for a while, it will surely go to destruction.  Because investors are facing huge losses due to which the price of bitcoin is being dumped.

[Freemind]

Bitcoin prices are currently being heavily dumped.  Because the price of Bitcoin is falling twice as much as it is rising, so if the price of Bitcoin continues to fall for a while, it will surely go to destruction.  Because investors are facing huge losses due to which the price of bitcoin is being dumped.

Will Bitcoin be destroyed?. Which pokemon will kill Bitcoin?... Nothing and no one is going to destroy Bitcoin, it is where it should be. If the investors you say don't know how the cryptocurrency market works, they may not be really good investors, don't you think?. The history of Bitcoin since its inception has shown us scenarios like this and worse than this, I don't know why people are scared.

[Triedboy]

The sudden dumping of the price of Bitcoin does not mean that the price of Bitcoin will not increase. The price of Bitcoin has started rising again but the cryptocurrency market has never been stable and has been up and down all the time. Now the way the price of Bitcoin is increasing, it can be said that it will exceed $80k very soon. I think the price of Bitcoin will definitely increase as time goes on but sometimes it will go down a bit.

[msz900]

Bitcoin prices are currently being heavily dumped.  Because the price of Bitcoin is falling twice as much as it is rising, so if the price of Bitcoin continues to fall for a while, it will surely go to destruction.  Because investors are facing huge losses due to which the price of bitcoin is being dumped.

Bitcoin is regularly comes down as many investors lose their interest in it because the BTC is manipulated by the big investors and thus small investors loss their money.

[sacrotic]

In market, pump and dump ( mostly ) because news but I'm sure Joe Biden statement not connected because as president, he must take care stable economic not dominate. I believe it just because many big investor release negative news as bait to get cheaper bitcoin as their investment and that's only strategy. Market will recover with his own way but when running in long term period we must take wait, be brave and find another job for daily needed also.

[mlawson71]

The market may recover from Musk's tweets, but will it recover from China's crackdown on cryptos? I am not so sure about that.

[Chita76]

Bitcoin was initially priced at  61,720. dollar  From there it came down to 34,720 dollar.  Bitcoin prices are falling regularly all the time due to which unique coin prices and massive dumping are taking place.  So the cryptocurrency market is now heading towards the current massive dumping.

[Freemind]

The market may recover from Musk's tweets, but will it recover from China's crackdown on cryptos? I am not so sure about that.

China has made the same statements about Bitcoin and cryptocurrencies every year since 2013 and as you can see, nothing has ever happened, just a dump that hasn't lasted long. I have no reason to think that something different will happen this year, so I don't think what the Chinese government says will change things much.

[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.

Why did someone decide that it was precisely these words of Biden that influenced bitcoin so much that it plummeted in price? Until that time, bitcoin had been growing in price for almost half a year, and a fall should have happened anyway. Moreover, these words of Biden did not directly concern cryptocurrency. Most likely, then, many factors, including the already protracted bull market, influenced the fall in prices in this market.

[DAMKAR]

The market may recover from Musk's tweets, but will it recover from China's crackdown on cryptos? I am not so sure about that.

China has made the same statements about Bitcoin and cryptocurrencies every year since 2013 and as you can see, nothing has ever happened, just a dump that hasn't lasted long. I have no reason to think that something different will happen this year, so I don't think what the Chinese government says will change things much.

I saw the same statements from China and several countries  will be there every year.
But I think It's just market strategy.
They will create the same technology like crypto, We heard about digital yuan and CBDC.
So, I personally didn't believe to the negative issue about bitcoin and crypto.