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[aryan4]

This decline is thought to have two important reasons.
The first of these is the speculative movements in the US stock markets.
On the other hand, the strengthening of the US dollar also negatively affected Bitcoin. Bitcoin fell below $ 30,000 as the US Dollar Index (DXY) reached its highest level recorded since December 21.
Do you think these claims could be the main reason for the decline?

 

[aryan4]

Claims or information that seem quite logical in my opinion. It can possibly be associated very easily with the fall movement experienced.

 

[Brain]

I have read various opinions, but the dollar strengthening Is more logical but then again I just checked now btc is at $30k plus so let see if it runs again

 

[Wisdom01]

I think its more of whales , because there no whales that are pumping or making the price increase so that it would continue to rise further i think

 

[Brain]

I think its more of whales , because there no whales that are pumping or making the price increase so that it would continue to rise further i think

It seems it one of the reasons, I don't think the explanation is just one reasons it takes different reasons to keep the btc price down as we have it now

 

[Wisdom01]

It seems it one of the reasons, I don't think the explanation is just one reasons it takes different reasons to keep the btc price down as we have it now

Well there might be many reasons but i think this is one of the real actual reason that makes the price to go down and not rise quickly, but lets hope abd check next month

 

[achawaskey]

There are so many factors, and the once you pointed out are among them. What about investors trying to withhold bitcoin in order to reduce the amount of bitcoin in circulation.

 

[GoldenLady]

Claims or information that seem quite logical in my opinion. It can possibly be associated very easily with the fall movement experienced.

These are very logical claims, I also agree. Bitcoin is a currency too, so it's subject to the factors and conditions which govern the rise and fall of all other coins.

 

[Sudipta]

This decline is thought to have two important reasons.
The first of these is the speculative movements in the US stock markets.
On the other hand, the strengthening of the US dollar also negatively affected Bitcoin. Bitcoin fell below $ 30,000 as the US Dollar Index (DXY) reached its highest level recorded since December 21.
Do you think these claims could be the main reason for the decline?

Yeah that might be a reason but to be honest, bitcoin is passing through such fluctuations lot these days. None of the whales are trying to start a rush or the whales are trying but investors are selling at the same time.

 

[aryan4]

Yeah that might be a reason but to be honest, bitcoin is passing through such fluctuations lot these days. None of the whales are trying to start a rush or the whales are trying but investors are selling at the same time.

In times like this, I think when someone starts selling, there seems to be many queuing up to sell behind them. Perhaps community psychology.

 

[GoldenLady]

There are so many factors, and the once you pointed out are among them. What about investors trying to withhold bitcoin in order to reduce the amount of bitcoin in circulation.

These category of people are even more. Especially institutional investors that just buy thousands, and then just let it lie there for months.

 

[Sudipta]

In times like this, I think when someone starts selling, there seems to be many queuing up to sell behind them. Perhaps community psychology.

Yeah the fear in investors mind force them to go for panic sell and vice versa when the market starts ramping, many investors dip into it in the fear of missing out.

 

[GoldenLady]

Yeah the fear in investors mind force them to go for panic sell and vice versa when the market starts ramping, many investors dip into it in the fear of missing out.

Interesting enough, just a few days after the sharp drop, it's now back at $38k plus.

This shows that patience and tact is needed to gain with cryptocurrency.

 

[khiladi]

This decline is thought to have two important reasons.
The first of these is the speculative movements in the US stock markets.
On the other hand, the strengthening of the US dollar also negatively affected Bitcoin. Bitcoin fell below $ 30,000 as the US Dollar Index (DXY) reached its highest level recorded since December 21.
Do you think these claims could be the main reason for the decline?

You right ???

 

[Josemendez]

The present rise in price of Bitcoin seems to be unpredictable , the fluctuations is also another disadvantage that scared people away from Bitcoin

 

[Niftyicon]

The present rise in price of Bitcoin seems to be unpredictable , the fluctuations is also another disadvantage that scared people away from Bitcoin

Yeah! Those fluctuations could confuse anyone new to cryptocurrencies or trying to understand how it works, bitcoin especially. I have interacted with people who steer clear of Cryptos for that reason alone.

 

[Josemendez]

Yeah! Those fluctuations could confuse anyone new to cryptocurrencies or trying to understand how it works, bitcoin especially. I have interacted with people who steer clear of Cryptos for that reason alone.

Yeah . However with long term investment , one should not be bothered by what will be the result of the investment ,because it is usually fruitful .

 

[Niftyicon]

Yeah . However with long term investment , one should not be bothered by what will be the result of the investment ,because it is usually fruitful .

That is why I think that if you don't want to be stressed and not interested in trading, it is better to opt for long term investments if dealing with core coins such as btc and ETH.