Bitcoin Dump

[Hamza2424]

The resignation of Joe Biden or the bad health issue of him isn't bad news for crypto industry. It even makes a price of Bitcoin to increase a bit in the last few days. But the news related to MT Gox and German government are surely bad news because they transferred big number of Bitcoin. Who hold 200k BTC? I am not really sure with your statement. Do you mean the US government has 200k BTC?

Well I respect your views on it but most likely it can trigger some kind of pressure on the risk investment financial markets, anyway, nothing is guaranteed and for the recovery of the market, I'm sure it is not relevant.

I do not care about the German government anymore, but as for US I think there's a mishandling from my side, US was holding a massive amount of seized Bitcoin but due my negligence I've not notice, that in the source it was mentioned that they sold 195k Bitcoins for just $366M back in time. I'll put the link of source here.

[Agbe]

Dump the price of bitcoin can happen at any time because the market is volatile, this can be caused by negative news or whale activities that sell to the market in large quantities, but there is no need to worry, some time ago the German government pounded the market dumping bitcoin a lot of the market went down but in the end the price went back up after that.

This is still in a political situation, there could be an influence there, big investors are making efforts to manipulate the market, while we don't expect to worry, stay relaxed, this is the real market behavior, there is a time when someday bitcoin can go up again.

And right now bitcoin is coming out from the dump. And those who invested in the time when the price was $54k last month will make profit by now. And as you said, there are many factors that causes the dump in cryptocurrency. The fear of the decline of the fiat currency. Like many are afraid in my country because the dollar exchange rate. And as a crypto investor we have to also calculate and analyze from those angles too.


As a good investors, we don't have to look only one side but all the angles of the investment. Both from the dollar, cryptocurrency and other Fiats if the investors is not using dollar to buy goods. The dump also help people to buy more and while it also make some investors to be afraid.  Like in my country, dollar rate to the fiat currency is very high, so the more the price increases on bitcoin we also make good increase in profit but it it enter the dump, it affects us but not much because dollar is high but if dollar decrease then it affects us. As it is now, it is an another good period to sell again. And buy again when the price slide down. But those who are investing for long term can continue.

[koang]

And right now bitcoin is coming out from the dump. And those who invested in the time when the price was $54k last month will make profit by now. And as you said, there are many factors that causes the dump in cryptocurrency. The fear of the decline of the fiat currency. Like many are afraid in my country because the dollar exchange rate. And as a crypto investor we have to also calculate and analyze from those angles too.

Green Candle is back. Bitcoin repeats previous Price Action, Bitcoin is showing resilience, rebounding from support levels and holding above key moving averages.
Germany just checked Bitcoin price and they don't like what they're seeing It's making my day because Dumper is lost.
They sold too many too early, They made a bad decision. The worst traders work in the German government, Regret is useless.

[laijsica]

As a good investors, we don't have to look only one side but all the angles of the investment. Both from the dollar, cryptocurrency and other Fiats if the investors is not using dollar to buy goods. The dump also help people to buy more and while it also make some investors to be afraid.  Like in my country, dollar rate to the fiat currency is very high, so the more the price increases on bitcoin we also make good increase in profit but it it enter the dump, it affects us but not much because dollar is high but if dollar decrease then it affects us. As it is now, it is an another good period to sell again. And buy again when the price slide down. But those who are investing for long term can continue.

Some investors are scared during dumping but they should be more aggressive if they have cash on hand. That's why experienced investors often advise that it's better to have more cash flow than invested money because you can take better chances in lower price trends. Staying in regular buying in higher price trends and taking care of your holdings until you reach your desired goal in the long run. Regular DCA management regardless of the price of bitcoins can give you a lot of financial success as well as keep depositing for a longer period of time which shows the average value in your portfolio which ultimately increases your profits.

[Jating]

And right now bitcoin is coming out from the dump. And those who invested in the time when the price was $54k last month will make profit by now. And as you said, there are many factors that causes the dump in cryptocurrency. The fear of the decline of the fiat currency. Like many are afraid in my country because the dollar exchange rate. And as a crypto investor we have to also calculate and analyze from those angles too.

Green Candle is back. Bitcoin repeats previous Price Action, Bitcoin is showing resilience, rebounding from support levels and holding above key moving averages.
Germany just checked Bitcoin price and they don't like what they're seeing It's making my day because Dumper is lost.
They sold too many too early, They made a bad decision. The worst traders work in the German government, Regret is useless.

It is not showing resilient, it is resilience per definition. The German news dumping is over, we hit lows of $54k, but if we look at the price, we are in the $68k'ish, so that is a big jump already. I wouldn't say that they make the big mistake, it is what it is. They are going to sell it no matter where we at the market. Remember that this is confiscated Bitcoin back in 2014, so they already make huge profits already. And now we will totally forget about the German dump. The next big thing for us is the Mt. Gox repayment but it seems it didn't have any bad effect on us this month.

[Dr.Bitcoin_Strange]

Bitcoin has a bright future and any dip in Bitcoin should be seen as an opportunity to accumulate more Bitcoin, I don't know why it sounds so bad when there's a dip this stuff has been happening since the creation of Bitcoin and it has not stopped the growth of Bitcoin, people who invented in Bitcoin 10 years ago are celebrating now because Bitcoin price is high more than it was 10 years ago, and during that space Bitcoin will dip for sometime and still go up and that is how it has been till now so I don't see any reason for someone to fear when there's a dip.

Anyone afraid of any dip in Bitcoin really don't know the history of Bitcoin, a lot of people that know how Bitcoin works becomes aggressive in there accumulation when ever there's a dip because is a good opportunity to buy Bitcoin at a low price.
Bitcoin will hit $100k soon it will only take time but it will happen.
I think all we should be considering is accumulating enough Bitcoin, we should focus in accumulating enough Bitcoin than the price because for sure Bitcoin will always grow bigger and better.

[dwyane36]

And now we will totally forget about the German dump. The next big thing for us is the Mt. Gox repayment but it seems it didn't have any bad effect on us this month.

News about mtgox repayments affects the market, but it should be noted that there is a lot of other news that also negatively affects the market. By the way, the BTC price has been dumped from $70k to $61k in just a week, and it seems that alts are suffering the most as BTC dominance is already over 56%.

[Jamal Aezaz]

No one actually know exactly why a dump happens but surely it happens because of high selling pressure and such selling pressure takes place when some people want to convert huge sums of Bitcoin into fiat or stable coins like USDT, but sometimes it also happens because of fear.

Actually the reason behind the dump is the minimum demand from the investors so if the coin is larger in number and the buyers are minimum then the price will be dump but in case of old and guaranteed coins these terrible situations are for little time.

Sometimes trending coins lose their value because people don't focus to buy it and they often move towards another coin investment so in such case the value of trending coins downs.

People often make investments in altcoins but after increasing value they sell their coins and invest in Bitcoin and other top coins so obviously due to the large number of sales the coin will decrease.

[de_prof]

No one actually know exactly why a dump happens but surely it happens because of high selling pressure and such selling pressure takes place when some people want to convert huge sums of Bitcoin into fiat or stable coins like USDT, but sometimes it also happens because of fear.

Actually the reason behind the dump is the minimum demand from the investors so if the coin is larger in number and the buyers are minimum then the price will be dump but in case of old and guaranteed coins these terrible situations are for little time.

Sometimes trending coins lose their value because people don't focus to buy it and they often move towards another coin investment so in such case the value of trending coins downs.

People often make investments in altcoins but after increasing value they sell their coins and invest in Bitcoin and other top coins so obviously due to the large number of sales the coin will decrease.

If there is a lot of supply and little demand, of course the price will go down, but if the supply is limited like Bitcoin and demand is high, of course the price will rise. Many people only think about selling coins when the price rises high and leaving them to switch to other coins, this will affect the trading volume of the coin, demand will decrease and make the coin wasted.

[dekafee79]

No one actually know exactly why a dump happens but surely it happens because of high selling pressure and such selling pressure takes place when some people want to convert huge sums of Bitcoin into fiat or stable coins like USDT, but sometimes it also happens because of fear.

Actually the reason behind the dump is the minimum demand from the investors so if the coin is larger in number and the buyers are minimum then the price will be dump but in case of old and guaranteed coins these terrible situations are for little time.

Sometimes trending coins lose their value because people don't focus to buy it and they often move towards another coin investment so in such case the value of trending coins downs.

People often make investments in altcoins but after increasing value they sell their coins and invest in Bitcoin and other top coins so obviously due to the large number of sales the coin will decrease.

If there is a lot of supply and little demand, of course the price will go down, but if the supply is limited like Bitcoin and demand is high, of course the price will rise. Many people only think about selling coins when the price rises high and leaving them to switch to other coins, this will affect the trading volume of the coin, demand will decrease and make the coin wasted.

If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.

[Hisbullah]

If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.

They should learn from binance who always promote BNB coins with launchpool. So BNB coins remain popular and are still owned by many investors, lucky for coins that are supported by exchanges, especially large exchanges. That's why we hear some coins that have started to become popular, their teams are planning to have exchanges.
Coins that are abandoned will find it difficult to become popular again if their team does not have a strategy to make them popular again.

[SamReomo]

If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.

Very true, I highly agree with you, most of the coins that are marketed well can gain more investors over time but if the marketing team of a coin isn't a good one then no one consider investing in such projects and ultimately such projects fail to get any success.

[Themepen]

If a coin is abandoned, it is the task of the marketing team of the project to promote and create events so that their coins are not abandoned and remain in high demand. A project fails if it is not needed by users and the team does not promote or does not have interesting events.

They should learn from binance who always promote BNB coins with launchpool. So BNB coins remain popular and are still owned by many investors, lucky for coins that are supported by exchanges, especially large exchanges. That's why we hear some coins that have started to become popular, their teams are planning to have exchanges.
Coins that are abandoned will find it difficult to become popular again if their team does not have a strategy to make them popular again.

I agree that projects can learn from Binance strategy of promoting BNB coins through Launchpool which has helped maintain their popularity. It is clear that having support of large exchanges can effect in coin success. Small projects should make partnering with exchanges or developing their own strategies to stay relevant and to attract investors.

Otherwise abandoned coins try to regain attraction without clear plan to revive them. With studying these kind of successful examples like Binance Launchpool projects they can easily make some good strategies to promote their coins and they also can maintain strong reputation in market too.

[JoyMarsha]

The resignation of Joe Biden or the bad health issue of him isn't bad news for crypto industry. It even makes a price of Bitcoin to increase a bit in the last few days. But the news related to MT Gox and German government are surely bad news because they transferred big number of Bitcoin. Who hold 200k BTC? I am not really sure with your statement. Do you mean the US government has 200k BTC?

We should all be aware that no politician or president is responsible for the price movement of Bitcoin. The price of Bitcoin is volatile; it can increase or decrease at its pleases based on its demands(buy and sell).

There's this report I read from the post made in the forum concerning the US government confiscating a huge sum of bitcoin arising to $ 2 billion.

BREAKING:

The US. Government just moved $2B of Bitcoin to a new address:

bc1qsl993y04xnq4fyhmrt6cnmctgjjv9ukdvrk0cd

It is not yet known whether these coins will be sold or not, but $2 billion is an amount that will have a negative impact on the price if sold. What do you think, will the price be negatively affected if the sale is announced?

[Azharul]

We can see that bitcoins price is the little down now. We also know that crypto market is always depending on up and down. Sometimes it's price will low down and sometimes it's price is increase. We also see that in the time of dumping many crypto investors also remain cash flow. Because they know during the dumping they also buy crypto, which is the best profitable for them. So I believe that Bitcoin dumping isn't very problem in experience investors.