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Author Topic: Why BTC regularly comes down?  (Read 12251 times)

Offline Muneeb22

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Why BTC regularly comes down?
« on: May 23, 2021, 08:45:05 AM »
From 1 month BTC comes down regularly and the other ALT coins will also comes down what is the main reason that it comes down day by day?

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Why BTC regularly comes down?
« on: May 23, 2021, 08:45:05 AM »

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Offline Centus

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Re: Why BTC regularly comes down?
« Reply #1 on: May 23, 2021, 10:44:21 AM »
Bitcoin prices are falling every day. People blame Elon Musk and China for the constant decline in the price of Bitcoin. Various investors are currently very frustrated. When the CEO of car dealership Tesla accepted Bitcoin for trading, every investor was much happier. But now Tesla Ers Eo has suspended Bitcoin again. So the level of investment around the world has decreased, albeit slightly. So everyone thinks that the main reason is that when Tesla suspended bitcoin, the price of bitcoin has been falling.
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Re: Why BTC regularly comes down?
« Reply #2 on: May 23, 2021, 11:45:57 AM »
Bitcoin prices are falling every day. People blame Elon Musk and China for the constant decline in the price of Bitcoin. Various investors are currently very frustrated. When the CEO of car dealership Tesla accepted Bitcoin for trading, every investor was much happier. But now Tesla Ers Eo has suspended Bitcoin again. So the level of investment around the world has decreased, albeit slightly. So everyone thinks that the main reason is that when Tesla suspended bitcoin, the price of bitcoin has been falling.
That Elon musk tweet might have contributed to the decline in the price of Bitcoin but that now there is much more other news that keeps worsening the situation. Like the china ban/crackdown on crypto again and even the recent US pronouncement on Crypto tax.
All cryptocurrencies have continued to go down but I believe that there will be a recovery someday. 

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Re: Why BTC regularly comes down?
« Reply #3 on: May 23, 2021, 11:58:23 AM »
Bitcoin prices are falling every day. People blame Elon Musk and China for the constant decline in the price of Bitcoin. Various investors are currently very frustrated. When the CEO of car dealership Tesla accepted Bitcoin for trading, every investor was much happier. But now Tesla Ers Eo has suspended Bitcoin again. So the level of investment around the world has decreased, albeit slightly. So everyone thinks that the main reason is that when Tesla suspended bitcoin, the price of bitcoin has been falling.
That Elon musk tweet might have contributed to the decline in the price of Bitcoin but that now there is much more other news that keeps worsening the situation. Like the china ban/crackdown on crypto again and even the recent US pronouncement on Crypto tax.
All cryptocurrencies have continued to go down but I believe that there will be a recovery someday.
I believe something will definitely make the price come down, it is either the market is in a natural correction after continues uptrend for some time or some influenced news affecting the market like all the once we are currently witnessing from Elon Musk to China ban and like you said, even the US intended Crypto transaction Tax.

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Re: Why BTC regularly comes down?
« Reply #4 on: May 23, 2021, 12:08:41 PM »
Bitcoin regularly comes down for various reasons. One of those reasons is the FUD, which makes people fear and sell their coins quickly and very cheaply, another reason in this case has been Elon Musk's tweets saying that Tesla was not going to accept Bitcoin as a payment method, and another reason is the news that China is going to ban (this is the seventh time in eight years) Bitcoin. For better or worse, this is not the first time these things have happened, and Bitcoin and the rest of the market have managed to rebound.
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Offline Dark Knight

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Re: Why BTC regularly comes down?
« Reply #5 on: May 23, 2021, 02:14:56 PM »
We all but in 2021 showed a new look of the cryptocurrency market.At that time the price of all the coins in the market was only increasing.But after a few months, the market is seeing the exact opposite picture.Now only the price of all the coins is going down.Bitcoin prices are now coming down every day.In fact, the cryptocurrency market is in dire straits.The ban on bitcoin in China has further reduced the price of bitcoin.

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Re: Why BTC regularly comes down?
« Reply #6 on: May 23, 2021, 02:35:55 PM »
Most people say that the cryptocurrency market is falling due to the fact that China wants to fight against bitcoin and crypto mining, I do not know if this is true or not, but as you can see, the cryptocurrency market reacted very strongly to these news and if these news are true, then perhaps a bearish trend may be starting or has already begun.
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Re: Why BTC regularly comes down?
« Reply #6 on: May 23, 2021, 02:35:55 PM »


Offline msz900

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Re: Why BTC regularly comes down?
« Reply #7 on: May 24, 2021, 06:34:16 AM »
Bitcoin will still fall down and if the speed of falling down continues then the end stop will be around $2k which will be the worst nightmare for the crypto users and holders.
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Re: Why BTC regularly comes down?
« Reply #8 on: May 24, 2021, 07:17:20 AM »
The arrival of institutions on the market in 2020 ensured the growth of BTC from $20,000 to $35,000, the volatility of the crypt was comparable to the stock and gold market. Then China began to fight the miners and the hash rate fell, and as soon as the BTC price fell to the entry levels of the institutions, they began to leave the crypt - this is what we are now seeing.

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Re: Why BTC regularly comes down?
« Reply #9 on: May 24, 2021, 03:23:05 PM »
This was because of FUD, Elon Musk announced that tesla will not accepting bitcoin as payment and also I heard China will banning cryptos and people panicked that's why the market went bearish.. Don't worry this is just temporary it will recover just practice patience.. 

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Re: Why BTC regularly comes down?
« Reply #10 on: May 24, 2021, 04:06:35 PM »
Bitcoin prices are falling every day. People blame Elon Musk and China for the constant decline in the price of Bitcoin. Various investors are currently very frustrated. When the CEO of car dealership Tesla accepted Bitcoin for trading, every investor was much happier. But now Tesla Ers Eo has suspended Bitcoin again. So the level of investment around the world has decreased, albeit slightly. So everyone thinks that the main reason is that when Tesla suspended bitcoin, the price of bitcoin has been falling.

I think it's just negative issue and will gone by the time. Don't worry about this situation , I always believed market will green again.
I see many people still believe market will recover and more valuable at this year. Don't panic selling, we should wait and keep hold your coin.
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Offline rashedul426

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Re: Why BTC regularly comes down?
« Reply #11 on: May 24, 2021, 04:15:43 PM »
Bitcoin prices are falling every day. People blame Elon Musk and China for the constant decline in the price of Bitcoin. Various investors are currently very frustrated. When the CEO of car dealership Tesla accepted Bitcoin for trading, every investor was much happier. But now Tesla Ers Eo has suspended Bitcoin again. So the level of investment around the world has decreased, albeit slightly. So everyone thinks that the main reason is that when Tesla suspended bitcoin, the price of bitcoin has been falling.
You are right bro. But I believe bitcoin will go good position very soon.

Offline Bony11

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Re: Why BTC regularly comes down?
« Reply #12 on: May 24, 2021, 04:44:47 PM »
The price of Bitcoin in the cryptocurrency market has been declining day by day for the last several days. Behind the sudden decline in the price of Bitcoin in the cryptocurrency market. All investors in the market are surprised and they think that behind the decline in the price of Bitcoin in the cryptocurrency market is the impact of China's Bitcoin ban and Elon Musk. This situation in the market will not last long. Hopefully the market will return to its previous state soon.
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Offline Batch18-19

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Re: Why BTC regularly comes down?
« Reply #13 on: May 24, 2021, 05:36:17 PM »
It has become a very regular thing for the price of Bitcoin to go down at such a time every year. Because we see every year at this time of year the price of bitcoin goes down a lot. However, there are some reasons why the price of bitcoin has dropped this year compared to other years For example, Tesla Company no longer supports Bitcoin. And for some reason the price of bitcoin is currently down.
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Offline Mrkadir85

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Re: Why BTC regularly comes down?
« Reply #14 on: May 24, 2021, 06:30:22 PM »
Bitcoin prices have been dumping regularly for weeks.  Which was not desirable to anyone.  Many have blamed China's cryptocurrency policy and Elon Musk's decision on Bitcoin for the drop in Bitcoin prices.  China has repeatedly banned cryptocurrencies in the past, but has not yet declared them illegal.  Bitcoin prices began to fall as Elon Musk announced the cancellation of Bitcoin transactions in exchange for Tesla car sales.  My guess is that whatever China says, it may never ban cryptocurrency.  However, we hope that the price of other coins, including Bitcoin, will rise again in the future.

 

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