what could lead to a 30% fall in bitcoin

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#1Jan 10, 2023, 03:36 AM
What might trigger a 30% or greater fall in bitcoin's price?
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0xMaxiFull Member
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#2Jan 10, 2023, 09:21 AM
There are many things that could cause it, even normal economic swings. Most of the time there are bull runs that drive the price up and eventually it faces a "price correction".
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jake_gweiSenior Member
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#3Jan 10, 2023, 11:45 AM
the more likely factor that can cause 30% sudden drop is economic policy such as tariff, it affects bitcoin back then, it can definitely affect bitcoin once more if things get messy so it'd be great if you can monitor for the news and also bearish market, who knows if we might enter bearish market next week and price can easily drop more than 30%. but I think so far there's no valid upcoming factor that can cause sudden 30% drop, if any, the market can drop anytime but it won't break major support, at worst it will recover by the next day.
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dan_tokenMember
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#4Jan 11, 2023, 08:23 AM
Price correction down to 30% is also possible after a an unexpected long bull run, crash of a big well known centralized exchange can also trigger such thing to happen too, ETF being disapproved and them being forced to dump all their acquired bitcoin could also lead to that 30% drop, 30% drop is something that’s very easy to happen, and their are many other factors which can trigger that just as you have mentioned above.
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raven1337Hero Member
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#5Jan 11, 2023, 10:13 AM
There may be some reasons that can trigger a huge drop to the Bitcoin's price, such as: 1. Geopolitical issue 2. Exchange hack 3. Pandemic Those are things that can cause the big drop to the bitcoin. However, Bitcoin is kinda different. It's fundamentally stronger than before. it has a lot of institutional investors who keep it as reserve, which is adding more strength to the bitcoin. Moreover, the decision by several big countries to accept it as legal tender. That's why even if the world gets a big crisis, bitcoin may still able to defend its price.
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defi_2017Senior Member
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#6Jan 11, 2023, 04:16 PM
Can I ask why that worries you? I'd understand if you were looking at it from a more optimistic angle and asking what could make the price go up by 30%. Or maybe you just want to buy cheaper, and that's why you want it to drop, lol.
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#7Jan 11, 2023, 06:07 PM
im just worried about a global economic downturn, if people start pulling their money out of stocks and bonds and into safer havens like bonds and usd, btc's gonna get slaughtered, also a big spike in inflation or a global recession could hurt adoption and confidence in btc, and if a major player like a chinese or russian bank stops holding btc or a major exchange goes down, it could be a domino effect.
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calmomegaSenior Member
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#8Jan 11, 2023, 09:34 PM
Personally I don't think we'd ever see a big price correction anymore like what we got in the past. Or even if we did, it won't be as big as those anymore. I mean we have big companies that hold coins, even countries that hold a big amount. I reckon they'd be kind of like support for those kinds of instances. Still if it does happen like they sell off in dump scenarios, then you can honestly expect even more than a 30% drop. Honestly, unless we see Bitcoin perform in an economic downturn it can also be one reason for it. I mean it has happened once before with Covid. Quickly bounced back up in a few months iirc but still, it dropped off. Pretty hard at the time as well.
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mike100Senior Member
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#9Jan 12, 2023, 01:40 AM
Good question, if I'm not mistaken, I have seen with the likes of a. the pandemic - If I'm mistaken, we've seen a huge drop during the lock down as we really don't know what is happening during that time b. FUD - there have been multiple attacks on Bitcoin, just like what Jaime Dimon did around 2017-2018 causing a huge decline in the price c. Fed news in the US, like the CPI and any other economic index. If the news is negative, then expect that the price will be affected d. Could be hack as well, although recently we heard that Bybit loses nearly $1.5 billion in crypto hack—What we know so far
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DarkMinerFull Member
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#10Jan 13, 2023, 02:05 AM
I would never say never and personally I would like to think that anything is still possible in this market. By saying so I'm preparing myself for any kind of situation so that I do not get extremely discouraged if I believe that Bitcoin will never have any sort of big correction anymore and then it happens. It is better I expect anything to happen so that I would not be surprised if there is a big correction tomorrow and I would not mind to keep going if there is no big correction tomorrow as well.
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silentchainHero Member
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#11Jan 13, 2023, 03:08 AM
1*  Massive sells. 2* Poor demands and supplies. 3* Market manipulations and Investors sentiments. 4* Decline to more adoptions. 5* Market criticisms/negative news. 6* Economy crisis
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mark2021Member
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#12Jan 13, 2023, 08:39 AM
A decline in bitcoin of up to 30% is a natural thing to happen when bitcoin has exceeded its highest price or reached ATH this year. The main thing is the bad news factor which becomes the sentiment in the entire crypto market in general, the correction quickly changes during a bull run, if the market improves, the price push becomes stronger. Recently, the price of bitcoin fell drastically, perhaps because interest rates rose and the volatility of the bond market from price movements, we can be sure that the correction will stabilize again soon.
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RogueByteFull Member
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#13Jan 13, 2023, 09:40 AM
A 30% drop or more can be as a result of the market having a corrections and sometimes this correction has nothing to do with any negative news but the falls are usual for when the market has being bullish for a long time and the market is just having a correction before it continues to be bullish again. For when there is negative news like China or America banning bitcoin related things as Bitcoin mining or exchanges, I do not think the drop will be up to 30%. 30% are usually when there is a majory correction happening but let us not be scared about the correction because the market would not stay down forever. Market correction are normal for Bitcoin as it usually happens. Government policy can also bring the market down to that percentages too.
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tom.foxFull Member
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#14Jan 13, 2023, 10:49 AM
In general, price declines or corrections can occur when the market experiences a selling action that is higher than buying action. When the supply of bitcoin in the market is higher than demand, the most logical thing to happen next is a correction. The more and longer the selling occurs, the greater the possibility of a decline reaching a percentage of 30%. But I think a 30% decline will not happen in a day, it could happen in a week or a month. Imagine if that 30% drop happened in a day, we would see bitcoin dump $28k today. It's not impossible, but I tend not to believe it happens without a really big reason. If all the confiscated bitcoins from any country were sold simultaneously within 24 hours, then bitcoin could dump even more.
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sam.bullSenior Member
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#15Jan 13, 2023, 02:58 PM
Your question is too broad despite you trying to paint it as been specific. It's like asking what would cause the world to be destroyed. There are always many reasons including why Bitcoin could drop more than 30%. Various answers have already be given but I will add that anything affecting it's protocol can also warrant such fall. And many more I believe you should be able to think of.
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CyberAlphaFull Member
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#16Jan 13, 2023, 07:52 PM
That could happen - for example if Saylor sold 1/4 of his bitcoin holdings at the same time on one or more exchanges. But I would also ask - why are you so worried? Bitcoin price volatility should not make you lose sleep because you worry too much. The price will fluctuate over time and you will find bitcoin hitting a new ATH every 4 year cycle. Even if bitcoin dumps by 50% - 80% in 1 or 2 years, then rest assured the price will recover in the next cycle. All you need to do is accumulate - or sell when your set target is hit.
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paulyieldSenior Member
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#17Jan 14, 2023, 01:48 AM
30% drop is normal day for bitcoin, literally nothing can also trigger such flash dump but market will recover again, other reasons mentioned above by many people are valid. but as far as I know, in this cycle alone, bitcoin have been experiencing sudden flash dump only for it to go back to $100k again. even recent bybit hack also caused BTC to go down a little despite absolutely have nothing to do with bitcoin, not even a satoshi is getting stolen here, only ETH. so 30% flash dump don't even need reason to happen, just be sure to manage position to tolerate such dump so that you won't get liquidated for nothing. or just hold bitcoin.
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ryan.satFull Member
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#18Jan 16, 2023, 08:26 AM
Here's on whats on my mind. 1. Multiple countries banning BTC (specially those big and powerful countries) 2. Series of exchange hacks (BTC stolen) 3. No reason at all behind. #3 On which this is something that we do put up into our mind that the market could really be able to move without having any sentiment behind to back it up. 30% isnt considered to be a dump i should say. For those who have been here on this market then they have seen the worst, specially to those who had been able to experience that very dip on every cyle on which it isnt really that 30% have lost but even more than with that percentage.  This is why its important that when it do happens then you have reserved funds for you to make out some buybacks because usually recovery will come up next after it do made out some dump. We do know on how market works and this isnt something that always having that kind of reasons behind the movement whether upward or downwards because the price could actually be able to move without any valid reason behind and thats how this market is really that truly unpredictable.
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roguestackFull Member
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#19Jan 16, 2023, 11:29 AM
There are many things that could cause a drop of the magnitude in bitcoin. Bitcoin is something that reacts to news if it's negative news price goes down immediately. But in the end it depends on the weight of that event that will determine how far the impact will be. Currently there are few things I can think of that can cause such price impact. 1. USA banning bitcoin under Trump administration 2. Michael Saylor selling off their entire bitcoin portfolio. 3. World war III 4. Outbreak of another virus more deadlier than COVID -19 5. Cz publicly calling bitcoin scam.
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eric.wolfFull Member
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#20Jan 16, 2023, 02:30 PM
The bear cycle. It is said that the bear cycle is noticed when the market drops 20% or more so if the market drops for 30% we can officially say by then that the bull run has ended and now we are in the bear cycle. During this time, it would be best to buy more bitcoins and keep holding them until the next bull run comes again
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