Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Tubelight on May 17, 2021, 04:06:31 PM
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
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Now not only Bitcoin but all the coins in the cryptocurrency are going down for a few days.The market is dumping a lot now.We all know and accept that the cryptocurrency market will fluctuate.But now the cryptocurrency market has collapsed.Bitcoin prices have risen sharply since Elon Musk announced Bitcoin.And he bought and hold Bitcoin himself.But a few days ago he said that his Tesla cars can no longer be bought with Bitcoin.Since then, a new form of Bitcoin has emerged in the cryptocurrency market.From then on the market started dumping.However, we all hope and believe that the prices of all coins, including Bitcoin, will start rising again in the cryptocurrency market.
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Market is on correction and all thanks goes to those panic users who follow Elon Musk blindly without any research as it gives us another chance to buy more bitcoin in the dip. BTW, bullish divergance is created on RSI indicator which means bitcoin will rebound from this dip soon and sure to go for another ATH just like first correction of this year. 8)
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Not just Bitcoin, cryptocurrency will pump up the prices of all markets or all coins and dumping is normal. The price of a coin in the cryptocurrency market is not always the same which causes it to change all the time. So the price of Bitcoin will pump and dumping will be the cryptocurrency rule.
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There are several reasons for the decline in the value of Bitcoin. Many people think that the price of bitcoin is a bit like a red candle when Tesla suspended bitcoin. However, it should be accepted that if the market conditions change in the long run. As much as the bitcoin market will be like a red candle, then of course the green candle in the future means the future is bright. I think the current bitcoin price is going down dramatically. Many have moved away from investing in Bitcoin.
Many follow the way of life and business of the richest people in the world. Probably every cryptocurrency user wants to benefit from the cryptocurrency market. More in a very short time. So it is claimed to be the main reason for the decline in the price of Bitcoin.
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In cryptocurrency now is a time when the price of all coins is going down.We know that when the price of Bitcoin goes up, it has an effect on all coins.Now the price of Bitcoin has come down a lot for which the price of all coins is moving towards dumping.However, many feel that the Elon Musk Tesla company has stopped supporting Bitcoin, which is why the price of Bitcoin has dropped so much.Now there are many investors who are at a loss because the value of all coins has fallen.
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The cryptocurrency market is never stable, the market is pumped once and dumped again. There are several reasons behind the decline in Bitcoin prices. I heard in a news that Elon Musk has made negative comments about Bitcoin and what he has further said is that Telsa Company will not accept Bitcoin transactions. This may be the main reason behind the decline in Bitcoin price.
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Imho, this is just another correction or change of market mood from bullish to being bearish. This should have happen someday. We cant just grow all the time. Another popular option - panic sale. But most blame Elon Musk. Actually he did nothing. He pumped the price, later he dropped it. Bitcoin is on the same level before Tesla announced acceptance of Bitcoin as a payment.
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We know that the value of all coins in the cryptocurrency market fluctuates all the time. Currently the market situation is very dire. The price of all coins is going down in the market. Which is why most investors are so worried. However, I think the market for Bitcoin will grow again. Bitcoin is a popular coin all over the world. So the price of Bitcoin will go down and this is the market change.
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As far as I'm concerned the reason behind the decline in the price of Bitcoin is that Elon Musk, the richest man in the world, has not already supported Bitcoin. Which is why the price of Bitcoin is so low now, but I think the price of Bitcoin will rise again in the cryptocurrency market. Since this coin is the most popular of cryptocurrencies and High quality coins.
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As far as I'm concerned the reason behind the decline in the price of Bitcoin is that Elon Musk, the richest man in the world, has not already supported Bitcoin. Which is why the price of Bitcoin is so low now, but I think the price of Bitcoin will rise again in the cryptocurrency market. Since this coin is the most popular of cryptocurrencies and High quality coins.
Its a bit of speculating on the obvious just needs a little push to confirm the expected in previous bull runs there were few large corrections similar to this one and yes there are currencies like nano possibly as secure as bitcoin since the cost of electricity is the excuse as the cost of securing the network from what i understand
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The rules of the crypto market are dumping and pumping. Currently, the price of Bitcoin has come down a lot. But one thing I am going to notice is that when the price of Bitcoin is dumping Most of the coins in the crypto market are dumping but that’s what it is for. If you know a senior brother, you must discuss.
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Of course the prices of various cryptocurrencies, including Bitcoin, are currently falling abnormally. There are various reasons for the decline in the price of Bitcoin. One of the most important reasons is the withdrawal of investors from Bitcoin and Elon Musk's negative opinion about Bitcoin a few days ago. We all know that it is very difficult to predict the crypto market. Everyone thought that Bitcoin might touch one million dollars in a few days but it did not happen. I think maybe in the next few months the price of bitcoin will pump up again.
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I think china Crypto ban.Due to which the dump in to bitcoin but I think the price of Bitcoin will rise again in the cryptocurrency market..If there are any good news then i hope bitcoin pump again.
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Its because there are so many FUDs in the market. And during this recent bull run many new people entere the crypto market. They are here to make money and dont have enough because of these FUDs are they are selling and dumping the price. The market will start to recover within a few days. Dont worry.
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Not only bitcoin but also all the cryptocurrency all dumping. Because this a simple thing in cryptocurrency but there is a big reason for Elon Musk. The price of a coin in the cryptocurrency market is not always the same which causes it to change all the time. So the price of Bitcoin will pump and dumping will be the cryptocurrency rule. SO we can Say that bitcoin grow up again.
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The beginning of the decline in the price of Bitcoin was due to Elon Musk who suspended BTC for payment for Tesla cars. Since there was a Twitt from Elon about it the price of BTC went down. And the saddest thing is why now the price of BTC depends on an Elon Musk, Not even Bitcoin has gone down in price but all Crypto coins are down too.
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
Yes, brother, you are right because the price of Bitcoin has come down a lot lately.It’s down to 40,000 now from those sixty thousand dollars it’s actually sad for us.However, this is not a big disaster for Bitcoin because Bitcoin can grow from time to time.Starting from the end of 2020, there was a huge prize, but now it has come down a little bit.I think by the end of 2021 it is likely to be a huge price again.
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Currently the price of Bitcoin has dumped the highest. All in all, the market situation is very bad. As the price of Bitcoin has dropped, so have the prices of other products. Hopefully the price of this coin will go up very soon. Most of the current coins in the cryptocurrency market are much cheaper. Because the price of Bitcoin is going down, the price of other coins is going down. So the market situation may decrease further for various reasons. Such as Elon Musk's tweet and China has suspended Bitcoin. Such news is not a boon for the cryptocurrency market at all.
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It seems that a long and merciless cryptocurrency correction has begun and if this is so, then now we will have to wait at least 2-3 years for the cryptocurrency market to start growing again, so whoever did not have time to transfer their investments in to stable coins, then it is better to do this as soon as possible because bitcoin will soon drop to 30k$ and even lower...
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There are usually many reasons for dumping the value of a coin. But I think one of the reasons for dumping the price of bitcoin at the moment is not supporting Tesla bitcoin.Ever since Elon Musk shared this news with everyone, cryptocurrencies have started dumping the value of all coins.So I think one of the reasons for dumping the price of Bitcoin is Tesla.
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I guess it is safe to say Elon Musks' tweet contributed to it or maybe fast-tracked it. Even before Elon musks tweet, some Technical Analysts have been predicting that the price of Bitcoin might drop from what the chat was showing but Elon Musk's tweet just kinda helped it go faster.
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Ever since Elon Musk shared this news with everyone, cryptocurrencies have started dumping the value of all coins.So I think one of the reasons for dumping the price of Bitcoin is Tesla.
Agree. The price has already declined from $64k to $58k and nobody blamed anybody. But as soon as Elon tweeted about Tesla-Bitcoin suspension, the market reacted with $2-4k price drop. That is the same amount market got pumped after Tesla-Bitcoin acceptance.
Panic sellers caused dump. I just dont get it why they panic after Tesla announcement. Do they really wanted to buy a car, and now, as there is no more such option, their dreams are ruined and they sell Bitcoin... Strange logic...
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Many thing could become reason but not far from fundamental, market news, sentiment and habit which one is true we don't know. I hope we keep stand in market by follow our plan and do some recovery if something worst happen. We don't know anything about market but we can predict and the best way to get iprofit is minimize risk.
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Bitcoin prices were up a few days ago but now Bitcoin prices are lower. Currently the cryptocurrency market is being dumped, I think the market will return to its previous position. And to reduce the price of all tokens. Due to which, if the price of coins is lower now, then it is more likely to rise in the future.
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The price of Bitcoin fell for the first time due to the Suspend of BTC payments for the purchase of Tesla Cars, but after that the price continued to fall because many people were panicking. So that BTC holders sell their coins, They are afraid of big losses and end up selling the coins they hold. And this method did not make BTC prices survive, but instead fell and fell even further until now.
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There are many reasons why the Bitcoin price is dumped. One of them is to get Bitcoin at a cheap price. Some whales can do it, they dump the price with their power to make the price decrease. They can spread FUDs, so people are worried about their Bitcoin asset and sell it at a cheap price in the market. It is very possible because Bitcoin price can be influenced by the FUDs, people who have less knowledge and have a weak intention possibly sell their Bitcoin suddenly.
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Every rapid and abnormal increase there must be a drop in prices that are so many and sharp because maybe cryptocurrency law has been like this since 2012 when the cryptocurrency market started to bustle.
I am also sure that with all of this or stories like this, we can take lessons so that we can give the best for ourselves. (Don't be greedy).
Bitcoin always change every time , save your funds and save Fiat . This is only my Opinion .
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The value and dumping of cryptocurrency coins is a very normal thing. However, the current bitcoin price is dumping in such a way that it is not normal. Because the price of Bitcoin has dropped by almost half. There are many investors who are currently refraining from investing in the Bitcoin platform.But hopefully the market will be pumping again soon.
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Elon Musk tweets and Chinese government crackdown on financial institutions using digital currencies was responsible for the massive dumping of bitcoin, this had caused a lot FUDs consequently a lot of investors dumped their coins invariably pulling down the price, it is quite unfortunate that Elon Musk after endorsing and adopting bitcoin in the purchase of Tesla now made a U-turn by disapproving it thus causing an unnecessary FUDs, I hope the price get back to normal after the storm is over
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Bitcoin price dropped the crypto market turbulence. While the pioneer cryptocurrency and altcoins suffered a massive crash, gold has risen over 6% since the beginning of May. Institutional investors are now selling Bitcoin in favor of gold. Probably due to the latest world news.
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Of course spreading FUD.. First Elon Musk and then I heard that Chinese will ban cryptos, and I think because of this news people starting to panic.. That's why the market is dumping right now..
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This is a kind of manipulation to buy bitcoin for cheap, this is what Elon Musk does for his own benefit and make money on it, this is already known to everyone, and we will see how the market is already recovering today, and someone has made a good profit on it.
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BTC as well as all the crypto market is manipulated and moved up and down as per the higher Investors, BTC is moving up and down almost $1k on daily basis and only a highly experienced trader can take benefit from this movement.
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
Basically ups and downs are part of any market and here BTC up ratio in lost 6 months is very high so that we can not hope it will continue its up ratio. There needs down for market stabilization and i'm happy to see this market correction. BTC now again 42k$ and this mean we no need to worry about this market as there are huge investment came last year. So we can say correction of market not dump.
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
No one could have imagined that the price of Bitcoin would be dumping so much.But now the price of bitcoin has started to increase a little All other coins have been dumped due to the dumping of bitcoin prices.It is difficult to say what is the main reason behind the fall in the price of Bitcoin
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
In fact, it is very sad that the price of Bitcoin is suddenly dumped in such a way that every coin is being dumped along with Bitcoin.
We had no idea that there would be such a sudden collapse in the market. I don't understand why that is. Anyway, Hopefully, the market will continue to improve gradually.
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A few days ago the price of Bitcoin was much higher but now the price is much lower. The cryptocurrency market has come down a bit and now the price of bitcoin is being dumped. Thus, if the price of Bitcoin continues to be dumping for a while, then the cryptocurrency market will come down sharply.
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Cryptocurrency Now the price of all tokens is going down drastically. And now the market is almost down. If the price of Bitcoin continues to fall for a while, it will return to the past. Because now there is a massive collapse in cryptocurrency.
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Everyone who works in cryptocurrency knows that the market is always up and down and the crypto market is never stable. Everyone is worried about the sudden drop in the price of Bitcoin. I think the cryptocurrency market will definitely repeat and what will be $70k. If you look at the market the price of bitcoin is but slowly rising and pumping the price of all other coins as well.
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The dump and pump in the price of Bitcoin and the entire crypto market altcoins is something that we all know of,not to be borthered about,rather making use of it as an opportunity to buy more. Now that this correction is on,those with capital has made some fills up,and awaiting the next bill run. Those who made panic sales are just fibleminded, thinking they are avoiding losses, but on the contrary.
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The price of Bitcoin had been rising for a long time and were not down.According to previous histories after creating all time high A correction had been occurred in the Range 30% to 40%.Some news was also involved in bringing it down.First News was from Elon Mask .He said that he would not accept Btc as a payment mehtod .Due to this news A Fear was created in the market and price dumped. Second news was from china. China Government said that they will ban crypto. All these factors were causes of this down fall.
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I think Elon Musk and China are currently responsible for dumping Bitcoin's market. Elon Musk has given negative feedback about Bitcoin on his official Twitter page. And at that time China banned all forms of cryptocurrency in their country. It is for these two reasons that the value of Bitcoin has become so dumping.
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The price of bitcoin is currently rising little by little. However, the price of Bitcoin is much lower than in the last few days. The price of the famous company Tesla Bitcoin Suspended is falling every moment. Most investors withdraw investments from these coins. Currently, Bitcoin has a tendency to return to its previous state. In other words, the price has increased a lot, but lately the price has come down a lot. Hopefully the market will return to its previous state very soon.
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I think the market for cryptocurrencies fluctuates all the time, sometimes the price of the coin goes up and sometimes it goes down. It is not possible to say why the price of coins in the market is so low. However, the price of bitcoin has come down a lot but now the market has pumped back to almost the previous level. I believe Bitcoin will change the world, including cryptocurrency, in the future.
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
Basically the reason behind dumping the price of bitcoin is that Tesla company-r will not support bitcoin.Every time Elon Musk tweeted this on his Twitter account, the price of Bitcoin has started falling very fast ever since.I think this is one of the reasons for dumping the price of Bitcoin.
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Currently, the prices of almost all coins in the cryptocurrency market have been dumped. Hopefully the drop in Bitcoin prices is a temporary phenomenon. Very soon maybe the price of other coins including bitcoin will pump again. If you look at the coin market cap today, you will see that the price of some coins, including Bitcoin, has increased more than the last two days. I think this trend of increasing the price of coins will continue in the future.
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At present, the situation in the cryptocurrency market is not going very well, especially the price of other coins including Bitcoin and many are being dumped. I think crypto markets are not always the same, they take on a different form. Sometimes the market situation is good and sometimes it is bad. So it is normal that the price of Bitcoin will increase and decrease again.
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First big Reason is fud that created by Elon musk "Tesla not accepting Bitcoin" people fear that Tesla will sell all their Bitcoin.
Second News that china has banned the bitcoin mining and hence china is bigger source of bitcoin mining
These both news created a huge Fud and Finally result bitcoin Dumped hard
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Bitcoin will comes down so much this is true but still the big bull is not start becasue this time bull make the BTC go high so much and it touches the 200,000$ and the other coins will also go high that time.
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Sadly the whole cryptomarket has been dumping. At the same time, the bitcoin market has dumped a lot. I think the price of Bitcoin has dumped all the coins at once. My idea is that when the price of Bitcoin will pump, all the coins will pump immediately. I think the main reason behind the decline in the price of Bitcoin is that Elon Musk is not supporting Bitcoin.
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Current Bitcoin prices are being massively dumped. Because investors are now investing less and less which is why the price of bitcoin is falling more than rising. On the other hand, it is seen that the price of all the other coins is now lower. It can be said that the price of Bitcoin will go down in a few days but it is more likely to go up again.
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I think the cryptocurrency market fluctuates all the time. Currency prices in the cryptocurrency market sometimes go up and sometimes go down. The cryptocurrency market is in a better position now than ever before. I always believe it will go to a better position.
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Elon Musk is the one who has the most impact on the cryptocurrency market. And what many angel investors have is that whenever they make negative comments about Bitcoin, the price of Bitcoin comes down. Bitcoin has been being dumped ever since Elon Musk announced a few days ago that Telsa Company will no longer accept bitcoin transactions. Even after that, the price of Bitcoin will definitely go up this year.
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There are several reasons why BTC price is dumping and still not sure when will rise up again. The market is still volatile and we cannot ensure how it will be. There is a big power that really influences. There is also some bad news about BTC and crypto. So, be patient and never panic sell
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Bitcoin is falling twice as fast as it did in the beginning. Thus, if the price of Bitcoin continues to fall for a while, then of course the price of Bitcoin may come down to a very low level. Currently Bitcoin is Price dumping.
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Cryptocurrency news is changing drastically now because only prices have risen before. And all investors are investing heavily which is why the cryptocurrency market was just upward. But now the price of all coins has fallen and the cryptocurrency market has collapsed. All prices are falling at a massive rate.
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
Negative news will have good affect to bitcoin, If bitcoin dumped, we all see almost all of altcoin dump.
That's normal, because bitcoin is the King of crypto currency, So It will be the trend centre.
I think It's not big dump, because I have seen the market starting to green again.
Don't be panic.
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Looking at the current market, it can be seen that the price of Bitcoin has come down a lot. The reason why the price of Bitcoin is so low is that the famous car dealer company Tesla has suspended Bitcoin. Again JPMorgan considers bitcoin to be risky, with various companies currently removing bad news about bitcoin. There is a tendency to suspend virtual currency in China. So the price of bitcoin is constantly burning red candles.
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Cryptocurrency is pumping the price of any token at any time and dumping it again. It can be said to be part of cryptocurrency because no one can buy if the price of the token is not dumping and no one can sell if it is not pumped. That's why I think it's normal for tokens to be dumped.
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The current Bitcoin price is falling sharply because it was much higher in the past. Bitcoin is currently priced at 37,120 dollar. In the past, the price of Bitcoin was up to 61 thousand dollars a few days ago. From there the price has come down from the very bottom which is why now the cryptocurrency market has broken down.
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I think it has become a habit of Bitcoin to come at this time of year and dump its value. Because I may never imagine the situation that Bitcoin came from. However, the reason for the current dumping of bitcoin prices is that many large investors have stopped investing in bitcoin platforms.
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I guess the dump is caused by the manipulation price by whales. Some whales are probably trying to dump the prices and want to buy more before the next jump of crypto coins. I think these whales are so greedy, they dump the prices of crypto coins for a few months. They shouldn't do it, many weak holders already sold their crypto coins to the market. But I am not a part of the weak holders, I am still holding my crypto coins on the wallets.
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Bitcoin is currently being heavily dumped in its price. Because a few days ago, the price of Bitcoin increased drastically and from there, the price of Bitcoin has gradually come down. Thus, if the price of Bitcoin continues to fall, it will definitely return to normal. Those who have investors are investing less, which is why the price of Bitcoin has dropped the most.
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Thus, if the price of Bitcoin continues to fall, it will definitely return to normal.
Normal? Do you think Bitcoin has a normal price? How much the normal price of Bitcoin?
In my opinion, Bitcoin has no normal price, the price is always fluctuating and volatile. Even if it has sideways, it doesn't mean the price has no change at all. The price of Bitcoin is still changing but not as significant as before. In most cases, I rarely heard people stated they have normal prices. They only stated about stable prices or unstable prices, this refers to stable coins and non-stable coins.
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The cryptocurrency market dumped a lot a few days ago but now the market is recovering. The way all other coins, including Bitcoin, are currently rising This means that in a few days, the cryptocurrency market may double again and the market may change a lot. So I think the future of cryptocurrency is definitely better because it has gained a lot of popularity now. And Bitcoin gets and goes down again, that's the change in the market.
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It doesn't really reflect crytocurrency because if the Bitcoin price is stable, it's not the original Bitcoin price, which has been unstable since it was first created.
Dump prices for Bitcoin now are normal and will also be pumped back and one day Bitcoin will be limited in supply and of course Bitcoin will be expensive.
This is a normal Bitcoin cycle, just look at the Bitcoin chart since 2013 years ago.
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Cryptocurrency is indeed very cruel but this is how it really was from the very beginning when crytpocrurrency was created.
I see the effect of Elon Musk because this Elon Musk always throws tantrums on his social media and it is very disliked by crytpocurrency traders.
Maybe at the end of last month the price of all cryptocurrencies went up in price due to Elon Musk but now Elon Musk is turning around and creating a FUD for Bitcoin.
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Cryptocurrency is indeed very cruel but this is how it really was from the very beginning when crytpocrurrency was created.
I see the effect of Elon Musk because this Elon Musk always throws tantrums on his social media and it is very disliked by crytpocurrency traders.
Maybe at the end of last month the price of all cryptocurrencies went up in price due to Elon Musk but now Elon Musk is turning around and creating a FUD for Bitcoin.
I think It's just manipulation of market.
Big whales has spread the issu, It affected bitcoin dumped.
They will buy and hold bitcoin.
Wait the higher price then sell it.
Market strategy of big investors and famous person.
No worries about bitcoin and altcoins, They will improve again soon.
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Now the price of Bitcoin is going down as time goes by. Now that the Bitcoin price is going down, many people think that the cryptocurrency market will be like 2018. Again, I see that many people are saying that Bitcoin will be a scam, so many people have stopped investing in Bitcoin. There are various types of negative comments being made about Bitcoin but there is still a possibility of re-pumping the cryptocurrency market.
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Unable to see Bitcoin's decline today, it seems I want to take a short break to relax my mind. Dizzy to see the red market, assets continue to fall. I myself am dizzy, why did this happen so quickly before I could sell my assets. Hopefully the price will recover soon.
There is no one to blame, because we are the ones responsible for our assets.
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The prices of all coins in the cryptocurrency market have now dumped. We all know that the cryptocurrency market fluctuates in the middle. However, this time many are discussing dumping in the market in a different way. Everyone thinks that this time the market has been dumped mainly by Elon Musk
This is due to the ban on Chinese cryptocurrency. Elon Musk's Bitcoin price continues to rise when his Tesla car can be bought, and the price of Bitcoin begins to fall when Tesla announces a halt to Bitcoin purchases. On the other hand, China has banned cryptocurrency in that country, which has had a huge negative impact on the cryptocurrency market. Due to these reasons, the prices of various coins including Bitcoin have been reduced rapidly. Hopefully the price of bitcoin will increase soon.
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Everyone thinks Bitcoin prices are falling right now because Elon Musk has tweeted. But I think it wasn’t for Elon Musk because the cryptocurrency market fluctuates its price all the time. Once the price of Bitcoin goes down, it will go up again. This is the rule of cryptocurrency. However, at present the market is among the losers. I think in a few days the market will be the same again.
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We know that bitcoin is very high level crypto in the cryptocurrency market.we know that bitcoin price is increasing day by day. Because we know that it's popularity will increase quickly.But sometimes we saw that it's price is going down. Because we know that tesla has deleted bitcoin.So many people thinks it's condition and give up hope.We also know that others coin price is down so it's price will go down.So we believed that it's the right mater for dumping bitcoin price.
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The value of all cryptocurrency coins rises and falls again. This is the cryptocurrency rule. However, it is very difficult to say why the price of bitcoin is being dumped. A few days ago, the price of Bitcoin increased a lot, but now it has come down a lot again. Later, the cryptocurrency market will recover and the price of all coins will increase.
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Whales apply a policy of boredom to collect coins cheaply from the hands of the small investor. As Bitcoin moves up and down, altcoins are under serious pressure and fail to rise upwards. For now, BTC dominance is around 45%. If it goes even higher, this rate may see a serious selling pressure on altcoins again.
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The prices of almost all coins in the cryptocurrency market are dumping day after day. In particular, the price of Bitcoin has dropped a lot. A special feature of the cryptocurrency market is that the price of coins fluctuates from time to time. However, everyone is blaming the dumping that has taken place in the market. In particular, there have been several tweets about Elon Musk's market and the Chinese government's ban on Bitcoin in that country. Elon Musk's insanity about bitcoin and the legislation banning bitcoin in China are two of the reasons for the huge dumping in this market. However, the current market situation will not last long, of course the market will change and the price of Bitcoin will rise again.
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Not only Bitcoin all the coins in the cryptocurrency are going down for a few days.All coins will recover their popularity.I think Bitcoin prices will increase in few days.Main cause of damping Bitcoin prices is tesla has deleted bitcoin.
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Currently the cryptocurrency market has almost collapsed. Almost all coins, including Bitcoin, have been heavily dumped. The cryptocurrency market fluctuates the price of different coins all the time. Currently, everyone is pointing fingers at Elon Musk as the main culprit in the decline of the Bitcoin market. Because the idea is and the mask is affecting the cryptocurrency market in different ways. He holds the bitcoin he bought is not yet married. In China, on the other hand, cryptocurrency is considered illegal. For all these reasons, the price of Bitcoin has been dumping rapidly. Soon the price of Bitcoin will rise again like before.
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The cryptocurrency market is never stable. We know that the market is pumped once and dumped again its the nature of crypto currency market. I think there are lots of reasons behind the decline in Bitcoin prices. There could be a reason that Elon Musk has made negative comments about Bitcoin and what he has further said is that Telsa Company will not accept Bitcoin transactions. I think one of the main reason is elon musk also another reason may be some investors negative movement that is exit from the market.
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
The exact reason for the decline in the price of Bitcoin is not known However, many believe that the main reason for the decline in the price of Bitcoin is that Tesla owner Elon Musk will no longer support Bitcoin.And that's why the price of Bitcoin is falling so fast.
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Bitcoin Dump is still normal because the price of Bitcoin is always changing Pump and Dump, what's special about Bitcoin is that we get shipments from other people's wallets to us in very large amounts.
Now this is what is special, which is a surprise and of course if it were in me then I would be very happy to get Bitcoin for free and now it is very rare.
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The correction might be some of the reasons. Still, the more significant impact is when Elon Musk declared that his company Tesla is no longer accepting Bitcoin payment which triggers the dumping. And now he is talking about something about Bitcoin mining, and the market is starting to pump again. For me, Elon is not cute anymore.
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The correction might be some of the reasons. Still, the more significant impact is when Elon Musk declared that his company Tesla is no longer accepting Bitcoin payment which triggers the dumping. And now he is talking about something about Bitcoin mining, and the market is starting to pump again. For me, Elon is not cute anymore.
At some point the market is no longer going to be reacting willy nilly to every Elon tweet. He won't continue this kind of influence over the market forever.
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The whole market will down by massive negative impact of fake news and negative informations from well known cryptocurrency influencer. The major coin to change the game is Btc. It is the only coin that can change the market from down capitalization to massive increase. If there are more positive news regarding Btc the price may increase longer.
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The price of Bitcoin has dumped a lot in the last few days but now the price of Bitcoin has increased a lot again. Cryptocurrency markets fluctuate all the time, causing the price of Bitcoin to fall and rise sharply.Investing in Bitcoin now can certainly be very profitable in the future as the Bitcoin market is currently on the rise.
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There are some big traders in cryptocurrency who invest bitcoin with huge amount of money. They tell everyone that I will sell it if it is high. But they don't do that and sell everything in the market for some profit. Then other traders do not dare to leave it. So they also sell. For which the market crashes.
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The price of bitcoin and the entire cryptocurrency market grew from October to May, for seven months. During this time, it has grown to unprecedented heights - more than $ 64,000. Of course, prices cannot rise all the time. At high new prices, the demand for buying invariably falls, but many, on the contrary, want to sell at this time and fix their profits. Therefore, after price surges, there will always be price drops. This is the market and you need to learn how to make a profit at the same time.
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Right now we can all see that the price of bitcoin is dumping a lot. What could be the reason behind dumping the price of this bitcoin. Here you can discuss how long it will take for the value of bitcoin to be pumped again.
I have read several opinion about bitcoin dumped, I think negative issue that caused bitcoin dumped.
It's just temporary, I believe bitcoin will recover and more valuable again. That's my opinion.
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No one has any idea why the price of Bitcoin is dumping. The cryptocurrency market is always up and down making it common for the currency market. We all know Bitcoin is the highest currency in the world. The price of this bitcoin had reached 60 thousand dollars but it has come down a lot now because no one could give an accurate idea. But we are all priced based on how many sales if these factors are determined.
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There are so many reasons for dumping of Bitcoin. As Elon Musk Tweet that Tesla will not accept Bitcoin. Due to this tweet Bitcoin become dump and the price of Bitcoin start dumping. China banned the use of Bitcoin this is another reason for Bitcoin dumping. There are so many other reasons for Bitcoin dumping. Users believe impulsively on these news and sell their Bitcoin at low price. Thus the price of Bitcoin decreases day by day.
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Bitcoin must have broken the decline that has been going on for about 2 months. It reached the limit of 40 thousand. If it passes here and can be held above 42.5k, it looks like the new peak will come. For now, altcoins have also started to slowly move upwards.
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Bitcoin will soon show bulish Scenerio. Binance is shutting down derivative and futures trading in Europe. Just a little bad news that kicked the price in the balls for a bit. Back up in no time.
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Bitcoin will soon show bulish Scenerio. Binance is shutting down derivative and futures trading in Europe. Just a little bad news that kicked the price in the balls for a bit. Back up in no time.
What is the reason why Binance shutting down der. and future trading?
I assume it would be a preparation to anticipate a massive out going flow of assets.
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The price of Bitcoin had reached 60,000. But the price of Bitcoin has come down a lot as a result of a sudden big price. Which is why Bitcoin now has to stay at 40 thousand dollars. There are still a lot of unknown things going on with what hand someone has behind making the market so up and down. If one does not influence the market in this way, then the market should not be so upside down.
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Bitcoin must have broken the decline that has been going on for about 2 months. It reached the limit of 40 thousand. If it passes here and can be held above 42.5k, it looks like the new peak will come. For now, altcoins have also started to slowly move upwards.
I agree and I also believe we might begin to see an upward movement for the market now.
(https://i.imgur.com/0ANiYYp.jpg)
We have had 10 days of green candles in the daily Bitcoin chart and when you look at the chart when Bitcoin was last in uptrend before the dip, there were little corrections along the way, so I believe we might see the same trend for Bitcoin going toward the EOY.
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After a significant drop in the price of cryptocurrency in May this year by more than 50 percent, we still have a typical summer cryptocurrency market, when the price can smoothly shift in one direction or the other, with periodic price spikes inherent in the market as a whole. I think that in August and, most likely September, we will observe the same picture, and in the fourth quarter I already expect a good rise in prices.