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Author Topic: Why BTC regularly comes down?  (Read 12252 times)

Offline Triple333

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Re: Why BTC regularly comes down?
« Reply #75 on: June 14, 2021, 08:01:50 AM »
Bitcoin prices have been dumping in the cryptocurrency market for a long time.  However, the price of Bitcoin is rising slightly.
 Elon Musk has retweeted the idea that Bitcoin will be used against his Tesla company.  Hopefully we will see another new race of Bitcoin in the cryptocurrency market.  As a result, Bitcoin may exceed 80k.

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Re: Why BTC regularly comes down?
« Reply #75 on: June 14, 2021, 08:01:50 AM »

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Offline elbans89

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Re: Why BTC regularly comes down?
« Reply #76 on: June 14, 2021, 02:27:04 PM »
A few days ago, the price of Bitcoin was being dumped regularly. But now it is about to recover again. The price of bitcoin is rising at a rocket speed again.Bitcoin will return to its previous state in a few days as the price of bitcoin continues to rise. The price of Bitcoin has risen in the cryptocurrency markets so the market will soon pump up again.

Well, I agree with you. If bitcoin price has risen, I think crypto currency market will pump again.
The reason why bitcoin dump, I have read many opinions of members here. They said tweet of Elon musk and Chinese government ban bitcoin.
I think bitcoin already recover again.
Hopefully will go up and hit $ 50k soon.
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Re: Why BTC regularly comes down?
« Reply #77 on: June 17, 2021, 07:59:52 PM »
Bitcoin is disital currency. It's habit is up and down. So i think Bitcoin price dumping it is normal behaviour of bitcoin. Now It's price decreasing but i believe that within short time bitcoin price will increase again. I think now bitcoin is Very popular. People’s are thinking bitcoin is best place for investment. So it will go more up. I think within this year bitcoin price will $60k-$70k.

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Re: Why BTC regularly comes down?
« Reply #78 on: June 18, 2021, 02:42:20 PM »
You are right that Bitcoin is regularly declining in price. I've been noticing for a long time that Bitcoin is slowly coming down to  30 thousand Bitcoin dropped to 47,000 three to four days after it crossed 60,000 in December 2020. Then again the price of Bitcoin rose to 57 thousand. But then the price of Bitcoin is hovering between 35,000 and 40,000. The current price of Bitcoin is 37 thousand dollars. Having been wandering around here for a long time, I hope that Bitcoin will take a big step and in that step the price of Bitcoin will increase more.

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Re: Why BTC regularly comes down?
« Reply #79 on: June 19, 2021, 04:21:30 AM »
It may not be possible for anyone to say why the price of Bitcoin is constantly declining.However, many feel that the Chinese have stopped supporting Bitcoin, which is why Bitcoin is being dumped so heavily.The price of all coins is now falling in the cryptocurrency market.The price of Etherium coin has decreased the most.Such a state of the market has caused frustration among investors.We all hope that the market will turn around again.

Offline Freemind

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Re: Why BTC regularly comes down?
« Reply #80 on: June 19, 2021, 06:10:20 PM »
It may not be possible for anyone to say why the price of Bitcoin is constantly declining.However, many feel that the Chinese have stopped supporting Bitcoin, which is why Bitcoin is being dumped so heavily.The price of all coins is now falling in the cryptocurrency market.The price of Etherium coin has decreased the most.Such a state of the market has caused frustration among investors.We all hope that the market will turn around again.

Chinese miners have not stopped supporting Bitcoin, it is the Chinese government that wants (as every year) to end cryptocurrency mining in their country, we will see what they get this time. Knowing that the market has recovered from worse situations in the past, I think people worry too much, especially newbies. Hodl.
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Offline CryptoStar19

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Re: Why BTC regularly comes down?
« Reply #81 on: June 20, 2021, 06:29:13 AM »
Bitcoin price declines regularly because bitcoin is a very volatile asset. It rises and it falls regularly and this is normal. Just zoom out on the charts and we can see that there have been other major price declines in previous bull runs where bitcoin declined %20-50 and still managed to reach all time highs again and exceed them.

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Re: Why BTC regularly comes down?
« Reply #81 on: June 20, 2021, 06:29:13 AM »


Offline lepbagong

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Re: Why BTC regularly comes down?
« Reply #82 on: June 20, 2021, 05:16:44 PM »
Bitcoin price declines regularly because bitcoin is a very volatile asset. It rises and it falls regularly and this is normal. Just zoom out on the charts and we can see that there have been other major price declines in previous bull runs where bitcoin declined %20-50 and still managed to reach all time highs again and exceed them.
Broadly speaking, it is clear that the price of bitcoin will always go up and down depending on the exchange market that involves trading bitcoin. but the current decline is the effect of bad news that comes in a row and is interpreted by investors to be too exaggerated by taking actions that result in bitcoin being deeply corrected. fortunately there are still those who are not affected by it and can still keep bitcoin from getting worse.

It's a normal thing and although it does take quite a while for bitcoin to be trusted by investors again and it doesn't fall below $30K, it's certainly an achievement in itself.
the price of bitcoin this month is quite stable and very good, down and up is still in a stable price circle, hopefully this will last until there is a push from good news to get a lot of people back to bitcoin. we are waiting for it because the highest price is expected to occur at the end of the year and it is still quite a long time.
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Offline pealr12

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Re: Why BTC regularly comes down?
« Reply #83 on: June 20, 2021, 08:35:58 PM »
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?

It is called market manipulation, also profit takers and panic sellers all happening at once, whales are manipulating the price, dumping it in other to buy at very low price, I don't see any other explanation about it, even the occasional fud is to make the price crash so that whales can accumulate more.

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Re: Why BTC regularly comes down?
« Reply #84 on: June 21, 2021, 05:59:57 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?

It is called market manipulation, also profit takers and panic sellers all happening at once, whales are manipulating the price, dumping it in other to buy at very low price, I don't see any other explanation about it, even the occasional fud is to make the price crash so that whales can accumulate more.
I couldn't agree more. I believe that the whole cryptocurrency market is been manipulated even when the prices are going up because that's where they want it to be at that moment. If not, we wouldn't have just one guy tweets about something and the market move either up or down depending on what they said about that crypto asset, so I agree with you that ist all been manipulated. 



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Re: Why BTC regularly comes down?
« Reply #85 on: June 22, 2021, 02:03:43 PM »
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?

I think ,it's the bearish season. So keep calm and wait.
I believe crypto currency market will more valuable again at Q4, So don't worry if you still hold your coins.
Bitcoin is going down and altcoins follow it.
Maybe It will take several weeks, we will see the bullish again.
Let's see what happens at the beginning July.

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Re: Why BTC regularly comes down?
« Reply #86 on: June 22, 2021, 04:44:40 PM »
last week there were two things that caused the collapse of bitcoin, the first was China's efforts to crack down on mining and trading of the oldest crypto asset, and the second was Tesla's move to pay for both energy use. Not only that, the fall of bitcoin was also indicated by negative news about bitcoin.

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Re: Why BTC regularly comes down?
« Reply #87 on: June 23, 2021, 12:41:13 PM »
China straight up banned banks from supporting crypto transactions, that was the main reason for the current severe depreciation.  It probably won't get better anytime soon.

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Re: Why BTC regularly comes down?
« Reply #88 on: June 23, 2021, 01:07:22 PM »
China straight up banned banks from supporting crypto transactions, that was the main reason for the current severe depreciation.  It probably won't get better anytime soon.

That news seems like a joke that is not even funny. If the Chinese government can't think of anything other than banning banks, they will eventually run out of banks. After so many years they have not learned that prohibitions do not prevent the use of things. BIT Mining, one of the largest mining groups in China, is already moving its mining equipment to Kazakhstan, the Chinese government cannot prevent Bitcoin from being mined.
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Offline xeroz

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Re: Why BTC regularly comes down?
« Reply #89 on: June 24, 2021, 12:00:02 AM »
It is still on a bearish market right now.
Or even it is a bear trap market situation. The price of all altcoins are dropped several weeks ago and right now, the market is still in the red zone. We cannot stop this bearish moreover plus many FUD is here.
« Last Edit: June 24, 2021, 12:02:06 AM by xeroz »
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