Bitcoin dump

[Cristiano]

32 is strong buying zone
 Buy in parts
Fisrt entry at 32k
2nd at 28k

You're right mate.Bitcoin currently has a strong support of 32,000.Those who trade on Bitcoin can take an entry at 32000. The market situation has been very bad for some time.As the price of Bitcoin declines, so does the price of all other coins.Can Bitcoin reach their previous place again or Bitcoin could go down a lot more.

[sacrotic]

We can buy it right now but not all out, piece by pieces. Buy all out is dangroud because there's chance to go more dieper. This time we call crypto in consolidation time, it means they decide to go or not. Buy it with half our asset and use the rest if fall more deeper than before.

[gurunanakji777]

If you are planning to buy for long you can buy. If you check the chart of BTC that was in the overbought area so the correction was due for a long so for me this drop is normal. I am analyzing this market for the last 4 years I see several dumps and corrections of the market. I still believe the market is bullish but right now there is a fear in the mind of investors and traders but soon we will see the market will gain momentum again gradually.

[salukhe]

It has been seen lately that the price of Bitcoin has started declining day by day.  Can anyone tell me exactly why the price of Bitcoin is going down so much?  Although the cryptocurrency market fluctuates over time,there is a reason for the rise in the price of coins and mine.The current price of Bitcoin is  38005$.Will it increase in price later?

[Papusha20]

The others value of all coins in cryptocurrency, not Bitcoin, is declining.  The current bitcoin price is 30 30,710.  And to reduce the price of bitcoin or the price of all coins to rise again.  Because it is natural that the price of coins will decrease and increase.

[hasyurt]

We have once again seen how much influence China has on crypto currencies. In 2017, similar news came out of China again, and the recovery of the markets took time. The dump experienced this time is again effective in china. It oscillates between 35-40k. I guess there are 1-2 months for stability and investment in altcoins again.

[Freemind]

If we look at the history of cryptocurrencies, China has been banning Bitcoin since 2009, but in reality nothing has happened, mining has continued in Chinese territory, and that is the biggest problem that the government has to control it, the amount of square kilometers that the country has. I think this is the usual FUD, nothing more.

[lepbagong]

We have once again seen how much influence China has on crypto currencies. In 2017, similar news came out of China again, and the recovery of the markets took time. The dump experienced this time is again effective in china. It oscillates between 35-40k. I guess there are 1-2 months for stability and investment in altcoins again.

yes, the influence of bad news is always, bitcoin can't get away from things like this, be it @elonmusk and now banned bitcoin in China, always news like this makes bitcoin a correction. and the current correction is very deep and requires recovery time which is not easy, there needs to be strength to be able to regain confidence.

It takes a big commitment from bitcoin investors and companies that are currently still loyal to continue to hold bitcoin. not muddying up selling and driving the market out of control. let the bad news be a lesson in the future that it does not need to be exaggerated, let it just be a public consumption that does not cause anxiety.

I still believe that bitcoin will move quickly again and that is clear though it will take a little time but the belief will continue to exist,

[Batch18-19]

For some time now we have been seeing the price of bitcoins go down. The price of bitcoin has already come down a lot. We have also seen in the past the value of bitcoins declining. But I have never seen the price of bitcoin crash so much. But hopefully the price of bitcoin will rise again over time.

[zorchy]

I suppose that they made another fall again in order to take out some sharks from the market.

[Freemind]

For some time now we have been seeing the price of bitcoins go down. The price of bitcoin has already come down a lot. We have also seen in the past the value of bitcoins declining. But I have never seen the price of bitcoin crash so much. But hopefully the price of bitcoin will rise again over time.

In all my years in crypto (since 2013) I've seen Bitcoin "die" 400 times, I've seen China "ban" Bitcoin 400 more times, and I've seen people sell at huge losses because they don't have the ability to keep their coins/tokens. And do you know what happened next?. That Bitcoin and the market in general return to where they should be, patience and a cold mind are two weapons that must always be used.

[Tamsialu$$]

There are several reasons behind the decline in Bitcoin prices. Bitcoin was banned from China a few days ago and Elon Musk's cryptocurrency was discussed negatively, but suddenly the price of Bitcoin was dumped. Not only has the price of bitcoin dropped, but almost all coins have been dumped. But the price of Bitcoin may be pumping again but not now but maybe after 2022.

[Dark Knight]

In cryptocurrency, the price of all types of coins, including Bitcoin, has dropped dramatically.One of the reasons behind the decline in Bitcoin prices is that Elon Musk's Tesla company has stopped supporting Bitcoin.Moreover, another reason is that China has completely banned bitcoin in their country.The impact of which has created very unfavorable weather in the cryptocurrency market.Bitcoin is the best coin of all. Bitcoin prices will rise again.

[hasyurt]

It started coming down again. If 30k is passed, it will go down to 26k. When Btc is like this, altcoins come down even more. The Ferrum networks that I hold in my hand have come very low. my morale was turned upside down. I turned off the screen and I will not look at the markets for a while. Hopefully soon btc will make the necessary correction and the rise will start again.

[pealr12]

The dump seem to be too serious for a short period of time, I can't believe how low most coins already are in this bear market that just started few days ago,  it is as if we have being in the bear market since the beginning of this year.