Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Ujok on August 15, 2024, 04:29:36 AM
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
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What is the cause of the crypto price dropping like this?
At this time, it is hard to pinpoint one good reason why it seems the cryptocurrency market lacks some energy or excitement even after the sell-off we saw with Mt.Gox and the Germany factor. I am not so sure but maybe the market is just taking some time to fully recover and is now gathering some strength for possible uphill battle ahead. We are still in the month of August which is generally known as the ghost month in the investment circle and I think in the crypto space this is coming true. Bitcoin is making some good rebound as net inflows in its ETFs are doing good but for Ethereum there is lack of much-needed push for more. Anyway, this is just a phase that we need to go through and eventually we can see the sun rise again. Just continue on hodling and never be dissuaded by FUDS.
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I think we are just generally in a little bear market. I mean bitcoin. Because it is not little for many altcoins at all. But recently United States government transferred the silk road $560 million worth of bitcoin to Coinbase. This will add to the reasons behind the bear market. Some analysts speculated that it may likely not be sold but some people may just be negative about it and think the US government will soon sell it.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
The gainers-losers indicator shows a number of 6:32 cryptocurrencies and a decline rate of about 10% at its maximum, while 6% is the best performance.
https://coinmarketcap.com/gainers-losers/
These data do not indicate that the market is witnessing a correction, but rather one of the normal days of a bear market with low trading.
But recently United States government transferred the silk road $560 million worth of bitcoin to Coinbase.
With daily trading of $31 billion, this $560 million will lead to a decrease in the price of less than 10%, and panic may cause it to deepen to 15% or 20%. They have not sold yet, and if they sell, the price is still shocking with strong support levels.
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I swear to god these feds are still going to be transferring out Silk Road BTC 10 years from now. It's like nothing changes!
You know why? Because the price is going to keep getting higher and higher, which means that they would have to sell less and less bitcoins to the exchanges because they won't be able to afford all that Bitcoin. The traditional market can only handle assets of in quantities of billions or so. Bitcoin can literally break that model.
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What is the cause of the crypto price dropping like this?
I don't see there is a cause for the market to go down, it's just that the market is sluggish and everyone is focused on the US election, the possibility, so even if there is trading it is not as busy as usual,
Don't worry too much because everything will get better when the time comes
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There is a reason for this. Did you notice that the drop started at the same time when they announced that MtGox gave away 70 percent to the cryptocurrencies it was owed?
In any case, there were those who set pending orders, and most likely those who had orders of about 50k bought. And of course, there were those who set the entire purchase in a ladder, for example up to 40k, and they also managed to buy on the first orders.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
Ups and downs are very normal in cryptocurrencies. There does not seem to be any significant reason for the price drop at this point. This is a common image in the market. Since the market is in a bit of a downward trend, it is natural that the price of altcoins will fall. At present, the sell pressure in the market is believed to be high and the current BTC price is believed to reach 56K. After reaching this level, Bitcoin is likely to move towards 60k again. Altcoins are expected to be more bearish at this time.
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all investors are panicking about the price of altcoins
No, not all. There are investors that are happily buying some cheaper coins. Part of that group are probably the same people that are setting up sell walls while taking advantage of the panic from weak hands.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
At this time, no one can determine what exactly was the reason for Bitcoin's price drop yesterday, and now he is recovering little by little, although we can see that something is preventing him from breaking the support of 60k.
But who knows, tomorrow it will exceed $61,000 to reach $65,000, as long as what is important right now is that we should just save until there is a chance.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
If you post is about why Altcoins are dropping the way they are dropping, then I would say that it's really nothing to worry about since it's expected, bitcoin itself is dropping and we all know that Bitcoin has the highest dominance in the market, and this simply means that when ever bitcoin is not performing well in terms of price, Altcoins will likely experience the same fate.
So, the question shouldnt really be about Altcoin, but about bitcoin. What exactly is happening to or with Bitcoin? To answer this question, I personally will assume it's because of the development with Mt-Gox exchange paying back bitcoin to those who lost their bitcoin in the hack that happened in 2013 or so, this together with some other negative market sentiments might be the reason the markket has been under performing for a while now.
But all the same, it's still a buying opportunity for us all, and I urge those who have the funds to take advantage of this time to gather as much bitcoin and good Altcoins as possible, in preparation for the coming months which I believe will be bullish AF.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
I think this is just normal and currently we are maybe on sideways so yeah we need more confirmations like breakouts for previous highs and lows so we can clearly see where it will be heading the next trend just prepare for some entry and exit so you won't end up being pinned. What was happening is I think just healthy pullbacks and retracements so nothing to worry about for now.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
Know that not all cryptocurrencies have the potential to recover after they drop. It is just a few that have these qualities that have created a reputation for them. If you're looking to invest in cryptocurrency, then you have to identify these reputable cryptocurrencies that have the potential to go up even after the drop so that you can invest comfortably without having to worry about the possibility that your investment in a cryptocurrency drops and never gets back up.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
The price dump is surprising, it is getting out of hand because the rate at which the market is going up and down is scary and it will not be convenient for short term holders because they will hardly gain unless if they get a good strategy that can help them recover quickly. Altcoin dump is somehow because it gives no room to other newly lunched coins to grow, and almost all new investors are losing at this time, and some of these projects might not go up again.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
Maybe this is the final correction of the market before entering the bull season ?
If you look behind the past history then you will also find that after the halving of bitcoin the market don't jump on the Bull season it take more than or 1 years to fully effect on the market. And here if we looks the previous charts then we will also find that bitcoin goes down to the dip down in the past bull season. So I want to say something like this happening now although nothing can be said with 100% guarantee in crypto world.
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The recent dump in crypto price has remained for quite some time now because of the fact that people are scared to HODL and buy most crypto currencies. So it's more likely that currently in the market the selling pressure is higher than the buying pressure. Some persons prefer to even buy gold and silver during this period instead of investing in most cryptocurrencies.
As for the dump in altcoins, I think it is as a result of bitcoin price drop. Even though there is no network relationship between them bitcoin price still has an effect on other altcoins.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
There would be only those known possibilities or reasons.
- Whale selling
- Negative news
- Random sell off or simply no reason at all
You would really be able to find yourself be accepting it out these probabilities on my market declines but in overall if you do
really just simply realize on how market works and on how it do behaves then this volatility would really be just that normal
or something that would really be inevitable. This is why it would be better that you shouldnt really be that making yourself
having those kind of hope because it will really be just that making you desperate on whatever the things you do have in mind.
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Just supply and demand, as there's no major negative news lately, i don't know the specifics but people are wary that bitcoin price always decreases on 3rd quarter of the year, this effect will still be feel in october but will recover in the last quarter. Well, this is based on history, we just don't what will happen this time.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
There would be only those known possibilities or reasons.
- Whale selling
- Negative news
- Random sell off or simply no reason at all
You would really be able to find yourself be accepting it out these probabilities on my market declines but in overall if you do
really just simply realize on how market works and on how it do behaves then this volatility would really be just that normal
or something that would really be inevitable. This is why it would be better that you shouldnt really be that making yourself
having those kind of hope because it will really be just that making you desperate on whatever the things you do have in mind.
Massive sales have been done by Mt Gox which caused the bitcoin price to dump, but is it over? It seems not, because maybe many are still selling it gradually at this time. The negative news that I heard about the election in the US, between Trump who supports crypto and Kamala Harris who is anti-crypto. Maybe this is what makes the market seem to struggle because they are waiting for the election.
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Haven't we learned our lesson from what happened just this month, let alone from any of the other million other times this has happened. Price sometimes goes down and sometimes it goes up, there isn't really anything that we need to consider as good or bad, we just need to make sure that it is what it is. We can't make it any other way, and that won't really change it. We dropped recently, and all the way to under 50k if I am not wrong at the very bottom, but we peaked at 60k again, so this should not be a shock that we dropped once more, and we will definitely recover one more time as well.
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Massive sales have been done by Mt Gox which caused the bitcoin price to dump, but is it over? It seems not, because maybe many are still selling it gradually at this time. The negative news that I heard about the election in the US, between Trump who supports crypto and Kamala Harris who is anti-crypto. Maybe this is what makes the market seem to struggle because they are waiting for the election.
Some analysts blame the US government for allegedly selling large amounts of Bitcoin, but cointelegraph covers the news that the US government's BTC sales actually have no major impact on the market (written at https://cointelegraph.com/news/us-gov-bitcoin-sale-doesnt-affect-anything-analyst) ...
In addition to the news about the US government, there is Bitcoin's rejection of the low CPI (Consumer Price Index) numbers... in this second news you can go to the news source here: https://cointelegraph.com/news/btc-price-drops-bitcoin-rejects-low-cpi-print
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Massive sales have been done by Mt Gox which caused the bitcoin price to dump, but is it over? It seems not, because maybe many are still selling it gradually at this time. The negative news that I heard about the election in the US, between Trump who supports crypto and Kamala Harris who is anti-crypto. Maybe this is what makes the market seem to struggle because they are waiting for the election.
Some analysts blame the US government for allegedly selling large amounts of Bitcoin, but cointelegraph covers the news that the US government's BTC sales actually have no major impact on the market (written at https://cointelegraph.com/news/us-gov-bitcoin-sale-doesnt-affect-anything-analyst) ...
In addition to the news about the US government, there is Bitcoin's rejection of the low CPI (Consumer Price Index) numbers... in this second news you can go to the news source here: https://cointelegraph.com/news/btc-price-drops-bitcoin-rejects-low-cpi-print
I will go with the second news as this has been hugging the limelight for some time and some of us have been anticipating this news about the US CPI and we can say that not only crypto market, but the rest of the financial world has also been impacted by this news.
And then couple of the geo-political news like the war in the Midde East and then the US presidential elections. Like what we have seen in the last 48 hours, prices has been deeply affected as it goes down to $57k again.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
to be fair bitcoin is what sets the mood for the rest of the altcoins since many are not very confident with the state of the market, this bleeds into altcoins as well we are not sure exactly what caused the price drops
it could be multiple countries moving and selling the coins they hold or it could be because of the mt. gox news whatever it is we do not know specifically the cause i am not that worried though if i am being honest i am sure it will all bounce back after a few weeks or months
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
The first reaction is because of Bitcoin goes down. And when it's down, the altcoins are also reactive just as what you see and that's how it goes for most in the market.
The cause of these prices are cumulative efforts from the retailers but the first sale is being done by the whales. We keep on saying about the whales because they do influence the market.
With the little efforts that they have to do but with the involvement of huge amount of money, that's how their force are being reckoned. For which, we get the taste of their medicine that dumps the market but worry not, Bitcoin and most of the market are resilient.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
I know that the price of Bitcoin is falling currently, but are all the investors are panicking? I consider myself as an investor, but I'm not panicking at all.
I'm pretty sure that those who are investing into crypto for a very long time knows that this current decline in the price of Bitcoin is completely normal, and there's nothing to panic about. Bitcoin currently is moving sideways, and for me, this is a pretty good sign, but at the same time, a bad sign because bulls and bears are fighting. What's the cause of the price drop? Nothing. It's just that, there are many sellers this time than buyers. No news, no articles, no videos whatsoever. It's a pretty normal supply and demand thing.
If you're new to investing OP, I hope that you will not make unnecessary decisions just because of a small price drop. Don't panic and instead, take the opportunity to buy even more.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
The reason for this is that no one can say exactly because it is very difficult. It is normal for the market to be down at one time and up at other times it may be different in some cases. Many believe that the crane war in Russia is making it a little harder to recover Bitcoin the way it came down the country. So I would say that I think it will take some time for Bitcoin to normalize. It will take some time to normalize because of the war between Russia, Ukraine, and Israel.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
I know that the price of Bitcoin is falling currently, but are all the investors are panicking? I consider myself as an investor, but I'm not panicking at all.
Good for you, but there are investors that are nervous when they see the price going on a downward spiral. And I will bet that at some point, you also feel that. However, since you have been in the market for so long now, this humps and dumps are not going to affect us. And we see this as a opportunity.
I'm pretty sure that those who are investing into crypto for a very long time knows that this current decline in the price of Bitcoin is completely normal, and there's nothing to panic about. Bitcoin currently is moving sideways, and for me, this is a pretty good sign, but at the same time, a bad sign because bulls and bears are fighting. What's the cause of the price drop? Nothing. It's just that, there are many sellers this time than buyers. No news, no articles, no videos whatsoever. It's a pretty normal supply and demand thing.
I would say though that there are reasons for a decline, it might not be clear, but investors are not just selling for no reasons. The last time I check, it could be about the CPI news,
https://www.coindesk.com/markets/2024/08/15/bitcoin-drops-to-58k-after-us-cpi-print-btc-etfs-record-81m-outflow/
Bitcoin fell over 4% to around $58,000, leading to a broader market drop where other major cryptocurrencies like Ether, Solana, Cardano, BNB Chain, and XRP fared slightly better, with losses ranging from 2.5% to 3.8%.
The decline came after by the release of U.S. CPI data, despite positive stock market reactions. U.S.-listed spot Bitcoin ETFs saw net outflows, with Grayscale's GBTC being the most affected, while Ether ETFs saw continued inflows, with BlackRock's ETHA notably gaining.
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Market changes are common and sometimes it is not easy to predict the reason therefore it is not necessary to find out the basic reason for changes but we have to remember that these changes are a normal part due to which investors and traders are facing loss and gaining profit.
Before bull season the movement of crypto coins is almost downward so maybe this is a reason for declining but think every situation is a normal thing so I think without thinking so deep about the cause we have to take advantage of time instead of missing the chance.
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Market changes are common and sometimes it is not easy to predict the reason therefore it is not necessary to find out the basic reason for changes but we have to remember that these changes are a normal part due to which investors and traders are facing loss and gaining profit.
Well, in this industry, we attribute every change in direction to fundamentals. So, there must be cause for every market changes lol. Even when there's none, we will attribute one to it.
Before bull season the movement of crypto coins is almost downward so maybe this is a reason for declining but think every situation is a normal thing so I think without thinking so deep about the cause we have to take advantage of time instead of missing the chance.
Yes, we know the theory but when the practical starts happening, we will be scared and panic that bitcoin is going to $1
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
There are a few reasons why altcoin prices are dropping:
[1] All altcoins follow Bitcoin.
[2] Altcons always bleed whenever Bitcoin prices go down
[3] We are in a bearish market.
Now, the question is what is happening with Bitcoin. Here are the reason I think can be responsible for the price drop:
[1] Bitcoin is volatile.
[2] Negative news might be the reason why Bitcoin prices are going down.
[3] The global market and the upcoming US recession can be responsible for the price going down
[4] Whales might be manipulating the price
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Yes, we know the theory but when the practical starts happening, we will be scared and panic that bitcoin is going to $1
Why scared that it would go to $1? How long do you know about Bitcoin?
You should know every cycle or block halving the price of BTC always increase and after block halving price is down then it surge.
So its pretty normal to see Bitcoin price have ups and down and that's a good opportunity to buy cheap BTC.
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Yes, we know the theory but when the practical starts happening, we will be scared and panic that bitcoin is going to $1
Why scared that it would go to $1? How long do you know about Bitcoin?
You should know every cycle or block halving the price of BTC always increase and after block halving price is down then it surge.
So its pretty normal to see Bitcoin price have ups and down and that's a good opportunity to buy cheap BTC.
I agree with what you said, we have to look at the history of bitcoin from the past until now and it is very impossible that the price of bitcoin will reach $1.. if bitcoin is priced at $1 then all coins will be worthless because all coins depend on bitcoin.
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Yes, we know the theory but when the practical starts happening, we will be scared and panic that bitcoin is going to $1
Why scared that it would go to $1? How long do you know about Bitcoin?
You should know every cycle or block halving the price of BTC always increase and after block halving price is down then it surge.
So its pretty normal to see Bitcoin price have ups and down and that's a good opportunity to buy cheap BTC.
I agree with what you said, we have to look at the history of bitcoin from the past until now and it is very impossible that the price of bitcoin will reach $1.. if bitcoin is priced at $1 then all coins will be worthless because all coins depend on bitcoin.
Bitcoin will never go down in price, especially as you said, Bitcoin goes down to $1, because seeing that Bitcoin is currently very popular and the enthusiasm of people who understand crypto always want to add to their Bitcoin collection, in my opinion that is impossible to happen. What I believe is that the price of bitcoin will be more expensive in the future.
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Bitcoin will never go down in price, especially as you said, Bitcoin goes down to $1, because seeing that Bitcoin is currently very popular and the enthusiasm of people who understand crypto always want to add to their Bitcoin collection, in my opinion that is impossible to happen. What I believe is that the price of bitcoin will be more expensive in the future.
Well, all people have different perspectives about Bitcoin many people say that Bitcoin is dying it always happens every cycle people complain about Bitcoin during a bear market but the fact is they don't believe in Bitcoin only those who think that BTC will drop $1 are FUDs because they want to buy at very cheap price sometimes FUDs is one of the reason why there's a panic selling then they are going to take opportunity to buy at the dip price.
So if you are the one who follow Bitcoin since before and knows the Bitcoin price action every cycle you should know when to buy and sell BTC.
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This year the world of cryptocurrency has collapsed. Because the cryptocurrency world has faced huge losses instead of profit. Moreover due to the internal problems of several countries, investors have decreased due to which there is constant dumping in the altcoins market. I think the cryptocurrency has entered a bear market at the moment but will eventually rise in price this year. This price is the best opportunity for your investment so don't delay and buy the best altcoins and bitcoin now and fill your bag.
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This year the world of cryptocurrency has collapsed. Because the cryptocurrency world has faced huge losses instead of profit. Moreover due to the internal problems of several countries, investors have decreased due to which there is constant dumping in the altcoins market. I think the cryptocurrency has entered a bear market at the moment but will eventually rise in price this year. This price is the best opportunity for your investment so don't delay and buy the best altcoins and bitcoin now and fill your bag.
The cryptocurrency market has not collapsed, glad you were able to correct yourself in the last part of your comment, what we are currently witnessing as regards to the current market condition is something that is or was simply expected, the general pull back of prices of crypto assets is something I would say is healthy for the long term price appreciation of the general crypto market as well.
This is nothing but a very good buying opportunity for those who understand how the market works, wise people invest when others are selling, and sell when other people are investing, this is the best time to invest in really good and promising coins, for the bull run is still ahead and not behind us.
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Bitcoin will never go down in price, especially as you said, Bitcoin goes down to $1, because seeing that Bitcoin is currently very popular and the enthusiasm of people who understand crypto always want to add to their Bitcoin collection, in my opinion that is impossible to happen. What I believe is that the price of bitcoin will be more expensive in the future.
Well, all people have different perspectives about Bitcoin many people say that Bitcoin is dying it always happens every cycle people complain about Bitcoin during a bear market but the fact is they don't believe in Bitcoin only those who think that BTC will drop $1 are FUDs because they want to buy at very cheap price sometimes FUDs is one of the reason why there's a panic selling then they are going to take opportunity to buy at the dip price.
So if you are the one who follow Bitcoin since before and knows the Bitcoin price action every cycle you should know when to buy and sell BTC.
before we invest we should do research first and have a lot of knowledge about it so we know how good this project is.. everyone will look for opportunities to buy coins at a cheap price but for bitcoin it might be difficult to buy it at a cheap price and maybe the lowest price of bitcoin will drop around $1000-2000 for now but bitcoin has experienced a very drastic decline like last month.. so we don't need to think bitcoin will drop to $1 because that is very unlikely for me.
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As many coins as there are in the cryptocurrency world, no one can accurately tell the exact data of its price fall. If you are interested in more information, you can check the coin market's one-year record.
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As many coins as there are in the cryptocurrency world, no one can accurately tell the exact data of its price fall. If you are interested in more information, you can check the coin market's one-year record.
But whenever we look at the gains in the crypto world, the old coins regain their vitality. Any time you look at the top coins it will be a profitable investment. Whenever you want to buy risk free coins btc, eth will be first in your list of choice. So you should understand that top coins are more important to get the best investment and profit. I welcome your kind of research but sometimes fake information is available so keep an eye on a few sites together.
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Cryptocurrency is a very good investment and has made a lot of people rich, cryptocurrency has also made sure that businesses are functioning very well and that people far and wide are making money transactions very easy and fast with low rate, and it has helped people to build trust in each other by exchange of coin and buying and selling of coins too, a friend of mine is now doing business with someone who is in a far away country they got to know each other through crypto business and that was how they build trust in each other and started doing business.
Some government has accepted the use of cryptocurrency in there countries and is going well for them they have set up rules and regulations controlling investors and it is helping to build there economy, while some government has refused to accept the use of cryptocurrency in there countries, there's a country that has already made it illegal and will be arrested and prostitute when caught using crypto.
Majority of the nations in the world has rejected the use of cryptocurrency and the act of rejection and making it illegal in there countries is one major factor that is bringing down cryptocurrency, the more accepted cryptocurrency is in countries the more valuable it will be.
Some nation's believe cryptocurrency is reducing there economy and also encouraging cybercrime and that is why they have made it illegal but if they could accept cryptocurrency and make some rules and regulations then nothing of such will happen.
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As many coins as there are in the cryptocurrency world, no one can accurately tell the exact data of its price fall. If you are interested in more information, you can check the coin market's one-year record.
It is true that not everyone is accurate in predicting price declines in the market, but in trading we can take the history of the past year, so we can see it, and even though someone's prediction is not accurate, if their prediction is 70% or more, it doesn't matter, this will result in a profit, even if it is not large.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
I want you to understand there is what is called dominance in the crypto market and it revolves around Bitcoin and Altcoins most of the time. There will be a time in the crypto market when Bitcoin will be the only one moving and gaining values, altcoins may follow in general but the it growth wouldn't match up with Bitcoin, just Bitcoin for that moment.
However, there is also a time when altcoins grow and Bitcoin will reduce. That's when you see altcoins growing rapidly and specifically. I think that's what you are seeing. If the market drop in general, they drop together in most cases and that's not what we are seeing right now.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
I want you to understand there is what is called dominance in the crypto market and it revolves around Bitcoin and Altcoins most of the time. There will be a time in the crypto market when Bitcoin will be the only one moving and gaining values, altcoins may follow in general but the it growth wouldn't match up with Bitcoin, just Bitcoin for that moment.
However, there is also a time when altcoins grow and Bitcoin will reduce. That's when you see altcoins growing rapidly and specifically. I think that's what you are seeing. If the market drop in general, they drop together in most cases and that's not what we are seeing right now.
Well, since you talked about dominance, let me let you know that currently, bitcoin has the highest dominance in the crypto market, and this makes it kind of have a good control in the market, where by any time the price of bitcoin is dropping, it is likely that the entire Altcoin market will follow suit and drop as well, but anytime the price of bitcoin is rising, and it's dominance is rising as well, the Altcoin market usually is stable or are losing value, and this is because bitcoin's dominance rising simply means that money is shifting from Altcoins to bitcoin, so Altcoins lose value, while the value of bitcoin rises.
But when bitcoin is rising and it's dominance is stable of reducing, the altcoin market also is rising because, money is circulating into bitcoin and Altcoins together, this is usually what happens when there is a major bull run on going.
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Cryptocurrency market always depending on up and down, because we also know up and down is a common matter in the crypto world. You want to know what is causes the current drop in crypto price, so i believe that there isn’t a big problem in this moment. At this situation if we notice that altcoins price is drop. I think gradually this price will increase, and bitcoin price will reached his won space quickly. At last i told that sometimes the drop of crypto isn’t great problem for crypto market.
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There are several news articles on Twitter. I primarily check CoinMarketCap for news and believe the recent price drop is mainly attributed to ETF outflows. That seems to be the primary reason for now.
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Cryptocurrency market always depending on up and down, because we also know up and down is a common matter in the crypto world. You want to know what is causes the current drop in crypto price, so i believe that there isn’t a big problem in this moment. At this situation if we notice that altcoins price is drop. I think gradually this price will increase, and bitcoin price will reached his won space quickly. At last i told that sometimes the drop of crypto isn’t great problem for crypto market.
Ot simply., its always been volatile and thisi s something that should really be put up on someones mind when it comes into this aspect. We do know that if it wasnt that volatiel in the first place
then it wont really be called a market and we wont really be seeing tons of people who do get fond of dealing up with this space because they cant make money if there would really be just that less movement and this is why it would really be that important on having these movements. Dropping price would really be somethign that normal on a market on which going up and down in prices.
Movement could be that possibly be caused up by fundamentals or news that will affect it out but we know on crypto space on which this is something that could also moved without any reason behind.
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Cryptocurrency market always depending on up and down, because we also know up and down is a common matter in the crypto world. You want to know what is causes the current drop in crypto price, so i believe that there isn’t a big problem in this moment. At this situation if we notice that altcoins price is drop. I think gradually this price will increase, and bitcoin price will reached his won space quickly. At last i told that sometimes the drop of crypto isn’t great problem for crypto market.
Ot simply., its always been volatile and thisi s something that should really be put up on someones mind when it comes into this aspect. We do know that if it wasnt that volatiel in the first place
then it wont really be called a market and we wont really be seeing tons of people who do get fond of dealing up with this space because they cant make money if there would really be just that less movement and this is why it would really be that important on having these movements. Dropping price would really be somethign that normal on a market on which going up and down in prices.
Movement could be that possibly be caused up by fundamentals or news that will affect it out but we know on crypto space on which this is something that could also moved without any reason behind.
Precisely because the cry[to market is fluctuating, many investors are interested in investing in crypto. We can get[to from the price difference. This is what makes us able to make a profit. For now, I think negative news and massive sales are what trigger bitcoin prices to drop, but bitcoin prices have recovered.
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Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.
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Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.
The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.
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Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.
The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.
What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.
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Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.
The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.
What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.
Patience and self-discipline are keys, everybody may be able to reach their goals, the question is time only ;D That's my opinion.
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Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.
The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.
What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.
Patience and self-discipline are keys, everybody may be able to reach their goals, the question is time only ;D That's my opinion.
It is patience that one needs for him to be able to hodli and not panic during a time like this that bitcoin price is not going as expected and no one should give up on hodli his coins because we are going to see the bull run soon amd I expect bitcoin price to go above 100k. It is only those who are patient enough that will see that price and benefit from it. This is why there is a say that the patient dog eats the fastest bone.
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It is patience that one needs for him to be able to hodli and not panic during a time like this that bitcoin price is not going as expected and no one should give up on hodli his coins because we are going to see the bull run soon amd I expect bitcoin price to go above 100k. It is only those who are patient enough that will see that price and benefit from it. This is why there is a say that the patient dog eats the fastest bone.
We all really hope that the price of BTC can really reach $100k and even more, as predicted, because in the previous season, this price target was really far away and could not be achieved. Various good things and positive news have actually been implemented this season, related to ETFs and others. It's just that some FUD yesterday had time to balance it, so that the market movement is still very unstable and makes the market easier to drop and vice versa, up.
For now, the market is actually experiencing quite an increase. Compared to previous days, currently most cryptos on the market have increased by more than 5%. Look at how the market is green simultaneously, especially in top coins, this is very refreshing, after previously, they were really red hot.
And this continues.
Update per 23 August 2024,
https://coinmarketcap.com/
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Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.
The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.
What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.
Patience and self-discipline are keys, everybody may be able to reach their goals, the question is time only ;D That's my opinion.
It is patience that one needs for him to be able to hodli and not panic during a time like this that bitcoin price is not going as expected and no one should give up on hodli his coins because we are going to see the bull run soon amd I expect bitcoin price to go above 100k. It is only those who are patient enough that will see that price and benefit from it. This is why there is a say that the patient dog eats the fastest bone.
I think that by October we should see the shift in the market and the boons of hodling will start to flourish ;D What do you think?
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Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.
The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.
What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.
Patience and self-discipline are keys, everybody may be able to reach their goals, the question is time only ;D That's my opinion.
It is patience that one needs for him to be able to hodli and not panic during a time like this that bitcoin price is not going as expected and no one should give up on hodli his coins because we are going to see the bull run soon amd I expect bitcoin price to go above 100k. It is only those who are patient enough that will see that price and benefit from it. This is why there is a say that the patient dog eats the fastest bone.
I think that by October we should see the shift in the market and the boons of hodling will start to flourish ;D What do you think?
Already in the market we can see a green candlestick which is encouraging Bitcoin investors and holders. Bitcoin price has increased by 5% in the last 24 hours. We are almost at the end of August and market conditions are improving now and are likely to improve further in September. We are going to see a bull market in Bitcoin very soon and if that happens we can definitely expect the price of Bitcoin to hit $100k. Although many feel that more time is needed to reach that position.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
Altscoins will follow bitcoin and currently bitcoin is going up but the relation between alts and BTC is not that straightforward. Sometimes BTC is going down but alts go up and BTC goes up and alts go down due to the increment in BTC dominance we can easily understand how alts will move with BTC dominance.
The market can face pressure, and investors may panic. It is not new for us to panic when the price does not recover. The market appears to be improving, but I believe this is only temporary. Price dropped due to reasons like Germany selling, MT gox distribution, and Japan's interest rates.
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
Alts season is bleeding because the dominance of BTC is very high right now. When we will see the outflow from BTC and inflow in ALTs and people won't be investing any more money in the memecoins then we will see the start of alts bullish season. It's not a verified statement as it's my observation only so don't take it for guaranteed.
BTC is not going down but it's going up the cause can be anything as mainly the price of BTC depends on the demand and supply factor and as of today there is no bad or good news in the market not that I am aware of but it still BTC price is going up which means someone is buying and we yet to discover that.
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Already in the market we can see a green candlestick which is encouraging Bitcoin investors and holders. Bitcoin price has increased by 5% in the last 24 hours. We are almost at the end of August and market conditions are improving now and are likely to improve further in September. We are going to see a bull market in Bitcoin very soon and if that happens we can definitely expect the price of Bitcoin to hit $100k. Although many feel that more time is needed to reach that position.
Thanks for your opinion and for staying positive! I too think that more time is needed, however, the goals should clear for the future ;D
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all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?
Altscoins will follow bitcoin and currently bitcoin is going up but the relation between alts and BTC is not that straightforward. Sometimes BTC is going down but alts go up and BTC goes up and alts go down due to the increment in BTC dominance we can easily understand how alts will move with BTC dominance.
The market can face pressure, and investors may panic. It is not new for us to panic when the price does not recover. The market appears to be improving, but I believe this is only temporary. Price dropped due to reasons like Germany selling, MT gox distribution, and Japan's interest rates.
As far as I know when bitcoin goes down, altcoins also go down because almost all altcoins follow bitcoin. This is the reality that I have observed so far. although there are altcoins that continue to rise when bitcoin goes down, this is usually a new project although rare.
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There can be many reasons behind the dumping of cryptocurrencies. However, the price will be dumped if the market demand decreases and investors start selling massively, and new government regulations or rules affect the price of the cryptocurrency.
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As far as I know when bitcoin goes down, altcoins also go down because almost all altcoins follow bitcoin. This is the reality that I have observed so far. although there are altcoins that continue to rise when bitcoin goes down, this is usually a new project although rare.
Although not all altcoins follow Bitcoin, I agree with your assertion that the majority do. There are many examples of when BTC went up but not all alts, and when BTC went down but not all alts. If they were, trading altcoins would be far easier, but they are not exactly proportionate to one another.
Since trading altcoins is more profitable than trading bitcoin, even if we can accurately forecast the price of bitcoin, we cannot guarantee that the altcoin we have invested in will increase in value. Nevertheless, we have made some accurate predictions, so we will continue to invest in altcoins rather than Bitcoin.