Oct 16, · lol you morons always have some mystical reason why it goes up/down. CHINESE NEW YEAR COMING GET READY FOR BTC TO TANK!!! Bitcoin no longer follows stocks. Bitcoin will go up regardless of what stocks, ect do. Until the next time it goes down with allcryptocoins.de'll say "BTC went down cause stock market investors we wary of X or Y". Sep 25, · Over the past 48 hours, Bitcoin (BTC) has lost all semblance of a bull trend, failing to react positively to the launch of the much-ballyhooed Bakkt Bitcoin futures contracts. Since the week’s open at $10,, the cryptocurrency has shed $1,, falling under key historical technical supports that are threatening to turn into resistance. Sep 03, · The bitcoin price lost $1, in a matter of hours, falling under $11, per bitcoin on Thursday morning with the U.S. stock market posting its biggest sell Author: Billy Bambrough.
Why btc market downTop 10 Reasons Why Bitcoin Is Falling Down
Infighting within the Bitcoin community The everlasting scalability debate created a great schism in the Bitcoin community. First, there was a Bitcoin Cash hard fork. This November, the division inside the Bitcoin Cash community also came to a head, which subsequently resulted in the creation of yet another hard fork — Bitcoin SV.
The Bitcoin community infighting is obviously a disheartening sign for cryptocurrency investors who might be tempted to jump ship. According to Oxford Capital, the unprecedented rise of Bitcoin was largely fueled by the populist movement. During their Thanksgiving dinners, numerous people would hear mesmerizing stories about how much money you can make in a snap because of the volatile asset class. Once the Bitcoin price started freefalling, the new investors found themselves in a panic mode, and the cryptocurrency massive sell-off intensified.
Nevertheless, the number of ID-verified users has almost doubled in the market this year from 18 to 35 mln. Numerous technical indicators point to the fact that Bitcoin is massively oversold after being equally overbought last December. That essentially means that the real market value of the flagship cryptocurrency is much higher, and the Bitcoin price could rise in the nearest future.
Hence, these powerful industry players can easily tip the scale in order to manipulate the price of Bitcoin. For instance, they have the power to tank Bitcoin price by fabricating a sell-off. Shortly after that, Bitcoin becomes a powder keg waiting to explode since many FUD-driven investors are to most likely follow suit.
Back in July, the Bitcoin price experienced a short-term pullback when there was mounting anticipation for the Bitcoin ETF approval. However, the good thing about is that major institutional players in the likes of Fidelity are finally tossing their hats into the cryptocurrency ring. If anything we should all be happy can we buy at a lower price.
It's before tax season sell offs and capital gains vacation treats and other. Nothing new it's all sold how else are you supposed to get treats. It's time of month. We don't know what will happen but better be informed and protect yourself. I believe we are in the middle of a bull run and along the way, corrections will keep happening. We should stay strong until K.. If you still have the same faith in crypto you that this story is now used in manipulating the narrative.
Holiday is coming.. Enjoy yourself, have fun, read articles, Netflix and chill, go on a date, have sex, play sports, spend time on your hobbies, go travel, etc.
Look for amazing project with a new top tier exchange coming soon and sit back and relax. Contact NickC blockonomi. Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email. Notify me of new posts by email. News Why is Bitcoin Down? Why is Bitcoin Down? Community Reacts To the surprise of no one, the cryptocurrency community on Twitter has been having an absolute field day with this flash crash.