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Author Topic: Why dumping Bitcoin price?  (Read 6150 times)

Offline Tubelight

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Why dumping Bitcoin price?
« on: May 17, 2021, 04:06:31 PM »
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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Why dumping Bitcoin price?
« on: May 17, 2021, 04:06:31 PM »

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Offline Dark Knight

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Re: Why dumping Bitcoin price?
« Reply #1 on: May 17, 2021, 05:02:21 PM »
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.

Offline Review Master

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Re: Why dumping Bitcoin price?
« Reply #2 on: May 17, 2021, 05:21:34 PM »
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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Re: Why dumping Bitcoin price?
« Reply #3 on: May 17, 2021, 07:47:54 PM »
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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Re: Why dumping Bitcoin price?
« Reply #4 on: May 18, 2021, 07:41:56 AM »
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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Re: Why dumping Bitcoin price?
« Reply #5 on: May 18, 2021, 11:20:34 AM »
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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Re: Why dumping Bitcoin price?
« Reply #6 on: May 18, 2021, 11:26:52 AM »
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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Re: Why dumping Bitcoin price?
« Reply #6 on: May 18, 2021, 11:26:52 AM »


Offline bitbit97

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Re: Why dumping Bitcoin price?
« Reply #7 on: May 18, 2021, 11:50:21 AM »
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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Offline Believer

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Re: Why dumping Bitcoin price?
« Reply #8 on: May 18, 2021, 05:56:12 PM »
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.

Offline Bad leyar

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Re: Why dumping Bitcoin price?
« Reply #9 on: May 18, 2021, 06:05:20 PM »
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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Re: Why dumping Bitcoin price?
« Reply #10 on: May 18, 2021, 06:35:20 PM »
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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Offline NANCY

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Re: Why dumping Bitcoin price?
« Reply #11 on: May 18, 2021, 07:51:28 PM »
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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Re: Why dumping Bitcoin price?
« Reply #12 on: May 18, 2021, 08:06:11 PM »
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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Re: Why dumping Bitcoin price?
« Reply #13 on: May 18, 2021, 08:12:15 PM »
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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Offline robert20

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Re: Why dumping Bitcoin price?
« Reply #14 on: May 18, 2021, 08:13:49 PM »
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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