Have you noticed how bitcoin's price just keeps dropping? There are definitely some reasons behind this, and if you have any insights, please share them. The price is influenced by factors like epidemics, political issues in certain regions, market instability, tech problems, and overall economic conditions. But what kind of issues can come from all this? I’m sure many of us have questions.
What's causing bitcoin's prices to drop?
19 replies 357 views
alpha_2013Member
Posts: 1 · Reputation: 72
#2Jul 8, 2019, 01:32 AM
If this was the case, why isn't it into negative numbers yet? Your account was created in 2017. Do you think the price was higher or lower back then? Follow-up question: do you know what the word "constantly" means?
The price isn't "low". BTC is up 18% over the last year, which is better performance than much of the stock market or anything that has a lot of liquidity and is tradable.
Volatility is a significant characteristics of Bitcoin that is in respect to many factors ranging from socio-economic and political factors. Considering the erra we are now and what is happening in the world today we don't have absolute political and economic unity. many notable countries in the world today that would have align to make uniform policies that will enhance sociopolitical and economic transmission are now having economic differences that has resulted to a hunch that is affecting some economic indicators that optimize positive volatility of Bitcoin thereby resulting to insistent dipping.
HyperDiamondMember
Posts: 11 · Reputation: 163
#4Jul 8, 2019, 04:30 AM
Bitcoin is literally still above $80k, I don't understand with these kind of doom posting, like literally few months ago people were cheering that BTC reached $80k now suddenly people saying "BTC constantly falling down" like you don't expect an asset to score an ATH and just keep staying in the ATH level for too long, market is dynamic, price always changes and peolpe already predicted that at some point BTC will go to $80k level again before going up again, because this kind of thing is what considered a healthy market .
numbers are still higher than Q3 2024
numbers are still higher than ATH 2021
we are not even at the 365th day from last years halving..
.. the ATH season is usually 1.5years after halving so we still have more then half a year to go
so right now we are just experiencing the pre 2025 ATH season, so the market is testing the lows for this year before testing the highs(due autumn winter)..
be patient is the only answer, be patient. the next 6+ months are going to be fun. it wont happen in a day
.....
for those that follow market patterns to see if we are inline or in a new path...
last cycle had a halving date of may11th
this cycle had a halving date of april 19th (-22days)
last cycle had a first breach above previous ATH december 17th
this cycle had a first breach above previous ATH november 7th (-40days)
last cycle had a new high peak that then corrected down 20% jan 9th
this cycle had a new high peak that then corrected down 20% december 18th (-22days)
this cycle had another peak that then corrected down 20% january 22nd (+13 days from last cycle difference) (+35 from this cycle first hump)
some are saying we are starting to see that compared to 2013-2017 ATH years which had single peaks each, the 2021-2025 years are becoming 'double hump'(two peaks) years instead single peak years
so although 2021 first hump true test of top was april 18th 2021.. meaning if we minus 22 days would mean a first top test prediction of 28th march 2025
i dont see that happening
however the true ATH of 2021 was november 10th 2021.. meaning if we minus 22 days would mean a true top test ATH prediction of 20th october 2025
which seems more rational (1.5 years from each halving to each ATH)
soo patience, we have 6months+ until ath season
Maybe because they've got this stake in the market at 90k and they tried to hodl hoping that they would profit and then the price dropped so bad and now they're on a desperation mode and think that the bitcoin winter is coming. This is a normal occurrence in the market, people having a negative sentiment and bearish statements because something happened in the market, we just have to get used to it if we're not used to this kind of thing by now. People that are thinking this way should see a different perspective in my opinion, instead of despairing over this kind of stuff, it's probably for the best that they see this as an opportunity to buy more bitcoin for themselves so they can reap the rewards later on when the price starts pumping again.
just_bridgeSenior Member
Posts: 160 · Reputation: 1146
#7Jul 12, 2019, 12:20 AM
I think people over-estimated how high BTC would go after the last halving.
There is a lot of diversification in alt-coins and other investments, so it can't keep rising forever.
i think you underestimated when the 2025 would happen, we are still months away from it. people need to learn patience.. especially because when it does happen, the next one wont be for 4 years
If you count from the last Resistance that is difficult to break at the ATH of $71k++, Bitcoin's increase until 2025 is even almost 50% and this is an increase that makes a new ATH so that Bitcoin is not said to be experiencing a continuous decline.
The current decline is indeed happening but this is indeed quite normal so a correction is really needed, even though it is related to the Fundamentals which is quite chaotic.
The price is not low and this is not a bad drop, only 28% of the last ATH and compared to the decline from the 2021 ATH and in 2022 which even dropped up to 80%.
Those who panic too much will just say that the market is going to get worse and they start selling it cheaply,
even though this is a good opportunity to start buying gradually even though some decline will still happen if a lot of bad news comes up,
But I believe this market consolidation will end soon.
A lot of people were very disappointed in the White House crypto Summit, where Donald Trump did not announce that he would be purchasing any new bitcoin for the US government strategic preserve. Others were more hopeful and expected as much. However, the US government holds some $19 billion I believe in seas and for Trichard bitcoin at least theyre not planning on dumping that out at least for right now we will see so this didnt help anything also the state of political climate is not well right now and markets are falling, not horribly but slowly in a downward direction and its bringing bitcoin and another cryptocurrencies with them for the time being.
Bitcoin price isn't that low, as long as the price is above $50K, I would call it high.
The reason why Bitcoin price drop from $85K to $80K is due to normal volatility. If Bitcoin can surge without any reason, you should expect Bitcoin can down without any reason too.
Sometimes, something happened without any reason.
Sorry OP, not everyone has questions. Do you ask yourself what happens when price is 'constantly' going up and up?
Because that is the truth actually, since BTC was invented price has been going up and up.
Not down as you wrongly say.
I think if I started to pick apart all the different peoples words on this forum I would go crazy.
But I guess for someone to start a new topic thinking that his question is so original and so important must need them to be crazy also, so them driving me like that would make sense.
If BTC would only go "up" as suggested, then that wouldn't be a healthy behavior.
But it only grows as time goes on a bigger timeframe, so there we have it.
kevintokenFull Member
Posts: 33 · Reputation: 285
#14Jul 14, 2019, 03:59 AM
Maybe he is sleeping all these months or since previous two years that bitcoin has been increasing and he just woke up to the bad news that is happening recently.
Bitcoin increased significantly since January 2023 to 2024 and even January of this year. OP post is one of the dumbest posts that have seen recently.
jake.oracleMember
Posts: 4 · Reputation: 87
#15Jul 14, 2019, 07:42 AM
I would consider it smart only if he did it on purpose.
Otherwise, OP just doesn't look at the broader picture.
c0bra_2009Member
Posts: 9 · Reputation: 115
#16Jul 14, 2019, 12:17 PM
It's simple, lack of liquidity, FUD and Trump's disappointment are the major reasons for the current Bitcoin woe. This is not peculiar to Bitcoin but if more disappointment happens, Bitcoin may be sent to lower levels soon. The inability to hold above $91,000 is worrisome and scary already, Trump is a deceiver and this is the reason no one should trust any individual, after all, Bitcoin rose to prominence with collective support, which is more sustainable than Trump's monopoly.
One manipulator will always be outmaneuvered by the community.
So everything is going to be fine, no matter how scary the market is currently looking.
BTC will prevail
The price is not low, but considering the expectations due to the enthronement of the new crypto king who promised a lot, and created global chaos - we can be happy that the drop is not even bigger (which does not mean that it will not happen). Expectations are one thing, but reality is something completely different - we reached and exceeded $100k, but in the current circumstances, money is still flowing in other directions, much less in something as volatile as Bitcoin.
I don't know what gave people the idea that once Bitcoin gets to $100k it would go down again. People are now acting like it's the first time bitcoin has fluctuated. I don't understand it.
I remember when all we could talk about was when and how bitcoin would overtake its ATH ($69k) at the time and when it hit $71k, everybody rejoiced, and mind you this was less than a year ago but today everybody acts like Bitcoin at $80k is the worst thing that has ever happened to btc.
I guess part of this comes from the fact that a lot of people believed the new American admiration was going to be so positive for btc and were going to have a bitcoin reserve so the price would skyrocket.
A few weeks ago someone did these analysis ---> https://bitcointalk.org/index.php?topic=5525876.msg64934845#msg64934845
So as long as we are at $70,000 levels, we are still at 2021 levels, which means that after 6 months we will be at levels much higher than $110,000.
If the price drops below 68000 then the price can be said to be so low.
Related topics
- Could this discussion impact Bitcoin down the line? 19
- what's on the horizon after bitcoin falls under $80k? 19
- Bitcoin price update and forecasts 19
- Top 20 Bitcoin Days 19
- Bitcoin reaching $1 million is definitely within reach 19
- Bitcoin's taking another hit... let's have some fun instead of stressing out 19