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[SCAMEXPOSER]

According to ceteris peribus, a crytpo analysis firm, that bitcoin has not recorded 5% daily rise in his price for the last 24 days, this period has been the longest since it experience such in April 2019 when it didn't rise 5% daily for 27 days.

 

[microunit]

Probably because when people sees little rise in the price they would immediately sell their bitcoins prompting bitcoin price to lower down . And when it falls too much some will buy and hodl

 

[Carly205]

I think there are alot of economic uncertainties due to restrictions in the movement of good and services.Especially on cross boarders.Top companies are fighting to keep the business afloat hence the constant trend in the graphs and this doesn't rule out crypto investments.

 

[SCAMEXPOSER]

Probably because when people sees little rise in the price they would immediately sell their bitcoins prompting bitcoin price to lower down . And when it falls too much some will buy and hodl

This could be one of the reason, it is even becoming very difficult for bitcoin to hit $9500 for a while now , more new Investors easily sell their coins cos they are afraid.

 

[microunit]

This could be one of the reason, it is even becoming very difficult for bitcoin to hit $9500 for a while now , more new Investors easily sell their coins cos they are afraid.

agree, there have been lots of new young investors lately, in which they lots of them buy and sell with just small movements in the market

 

[Wisdom01]

I am also surprise at the low fluctuation , but I guess maybe those whales haven't withdraw their large btc they have in their wallet , because most times the price might have high effect through their activities?

 

[microunit]

I am also surprise at the low fluctuation , but I guess maybe those whales haven't withdraw their large btc they have in their wallet , because most times the price might have high effect through their activities?

or maybe most whales are waiting for more growth or when bitcoin hits 10k USD, the last time btc hit 10k it quickly plummeted down to 9.8k then eventually 9.5k , miners overselling their btc is also one of the factors

 

[Wisdom01]

miners overselling their btc is also one of the factors

Since the price is high they are expected to mine and sell to earn profit off it, but when the price is low they will mine less and sell less so that they will not make loss

 

[microunit]

Since the price is high they are expected to mine and sell to earn profit off it, but when the price is low they will mine less and sell less so that they will not make loss

mining Bitcoin is steady, whether the price is high or low the rate at which you mine is the same, most mining companies doesn't lower the mining output as sometimes mining difficulty drops a bit

 

[Reznov]

I noticed the same as well, the value is literally still the same which worries a lot of people, nobody knows if it's going to increase or decrease or even stay in the same value

 

[Balint098]

The good news is the bitcoin's volatility has been significantly reduced, the bad news is that the price is not that good for miners who supports the whole network.

 

[microunit]

The good news is the bitcoin's volatility has been significantly reduced, the bad news is that the price is not that good for miners who supports the whole network.

yep good news for some companies who wanted to integrate bitcoin in their system as most of them are complaining about bitcoin's volatility when adapting it

 

[Wisdom01]

I think there are alot of economic uncertainties due to restrictions in the movement of good and services.Especially on cross boarders.Top companies are fighting to keep the business afloat hence the constant trend in the graphs and this doesn't rule out crypto investments.

I I think the pandemic overall is the main cause of it and those cross bother restrictions and lockdown makes people to focus on using digital currency as means of payment