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[aryan4]

Analyst Willy Woo thinks that after a $ 1.5 billion bitcoin move, the markets misinterpreted this move and panicked.
---- "I was trying to understand this big sale. And you know, the high point started when there was a little warning that we had $ 1.5 billion just moved to the stock markets to sell… the assumption was selling. And I think this spread among traders and we started to see sales coming. '' ----
What do you think of this comment?

 

[Josemendez]

Sure , if there was such news about the huge movement , then it is definitely the cause of the present short and long term sells of bitcoin

 

[achawaskey]

That is how the system works, traders are too sentimental to risk, the sales was done in other to protect there investment bearing how volatile the market is.

 

[Wisdom01]

I think it will regain its value again , but i would not like the price to fall below $29k because there would be a drastic sell by those sellers i think , so that's it

 

[Niftyicon]

We could just assume that all the selling that has been going on by those traders is a misinterpretation that could have been avoided. I am optimistic that the market will sort itself out and the decline will stop.

 

[SCAMEXPOSER]

No trader is willing to loss and their ears are on the door for any update they act immediately, more lessons will continue to be learned though I was expecting microstrategy investment to revive the market.

 

[Wisdom01]

No trader is willing to loss and their ears are on the door for any update they act immediately, more lessons will continue to be learned though I was expecting microstrategy investment to revive the market.

Lol i was expecting it to revive the falling bitcoin price but it turned opposite , and this shows that those investing infulence big companies have Is fading off, due to much of it

 

[yolaqueen]

The news of the sales of large amounts of bitcoin was misinterpreted by many entrepreneurs, which is why the market entered a financial debacle, I have faith that bitcoin will recover its rate of increase in price.

 

[Brain]

Well, who wouldn't panic with a report of that magnitude. I'm sure this made us see this down Ward spiral we are experiencing now. Well, I hope more people will invest more in the coming days

 

[aryan4]

Well, who wouldn't panic with a report of that magnitude. I'm sure this made us see this down Ward spiral we are experiencing now. Well, I hope more people will invest more in the coming days

Recent reports indicate that whales are making very active purchases. Maybe there will be some corrections, but the markets seem very eager to rise for now.

 

[yolaqueen]

Recent reports indicate that whales are making very active purchases. Maybe there will be some corrections, but the markets seem very eager to rise for now.

According to this analyst's report, it is to despair, but this drop may be due to a correction in the credit, we must wait for the whales to make their movements.

 

[Binita100]

The news of the sales of large amounts of bitcoin was misinterpreted by many entrepreneurs, which is why the market entered a financial debacle, I have faith that bitcoin will recover its rate of increase in price.

Probably new investors would enter the market again and the news would be forgotten , til every other thing gets solved in different modes actually

 

[SCAMEXPOSER]

The Crypto currency market is hyper sensitive especially the traders , stuffs like these trigger market stability, I am very sure next time they will be very sure of the move before taking decision.

 

[Hashay]

Eventually there was going to be a fall in the crypto market since it is a volatile market so mistake or not, it was something that would still have happened.

 

[Josemendez]

Eventually there was going to be a fall in the crypto market since it is a volatile market so mistake or not, it was something that would still have happened.

Ofcourse we have all expected that a time like this will come . The only issue is that we never thought that the dip will be this long but never the less we have to be patient with it

 

[Hashay]

Ofcourse we have all expected that a time like this will come . The only issue is that we never thought that the dip will be this long but never the less we have to be patient with it

Personally, I used to think that dip was supposed to be just a few weeks but now I see first hand this one that has lasted for months

 

[Josemendez]

Personally, I used to think that dip was supposed to be just a few weeks but now I see first hand this one that has lasted for months

We might even see more dip in coming months. We just need to work towards being patient and buying more as the price dips if we have spare money.

 

[Hashay]

We might even see more dip in coming months. We just need to work towards being patient and buying more as the price dips if we have spare money.

I don't think there would be more dip in the coming months, the market was already recovering if not for the china ban, it might take a while to drag but it would soon be over.

 

[Josemendez]

I don't think there would be more dip in the coming months, the market was already recovering if not for the china ban, it might take a while to drag but it would soon be over.

Bitcoin has fallen far below $30k and this has caused concern in the entire cryptocurrency market because bitcoin is the chief dictator of the crypto market.

 

[lovely76lovely]

if i heard it right that money was moved from a wallet which was dormant/asleep for a long long time and no activity in that for many years, correct me if i heard this new wrong :)