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❕NEWS Bitcoin price fall results in a massive market loss

AudraMiller

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The price of bitcoin was seeing a good sense of recovery and there were many people that were starting to think that this coin will soon reach an all time high once again and that it may start to show profit for those that were unfortunate enough to invest in this coin at its peak. And whilst this did look promising for a while, there was recently a massive crash in the price of bitcoin. The price drop that happened yesterday saw the price of bitcoin drop from over 51k USD to around 42k USD, resulting in a market loss of over 200 billion dollars. What do you think about this drop and what could be the possible cause of this drop?
 
The majority of cryptos have dropped by around 20%. They had a good rise since the drop earlier in the year. They may drop further but pretty sure a recovery will happen. I will continue to stake my holdings.
 
The price of bitcoin is declining but that shouldn't set in panic in us as a successful business is bound to fall for a mighty recovery. Fluctuations are needed because without ups/downs the price will be stagnant.
 
I was a little sad because I was hoping that bitcoin would reach or get very close to its ATH before another serious dip in the market. Imagine the number of weeks it took for the level of recovery we had and in just a few hours all got dumped again.
 
Bitcoin is on the fall but this is the faith test stage. I am panicking not for there to be a rising there will be a fall first.
Money stages is not about roses, challenges/droppings will surface at a time
 
The price of bitcoin was seeing a good sense of recovery and there were many people that were starting to think that this coin will soon reach an all time high once again and that it may start to show profit for those that were unfortunate enough to invest in this coin at its peak. And whilst this did look promising for a while, there was recently a massive crash in the price of bitcoin. The price drop that happened yesterday saw the price of bitcoin drop from over 51k USD to around 42k USD, resulting in a market loss of over 200 billion dollars. What do you think about this drop and what could be the possible cause of this drop?
As far as we don't break $65k and move above it, it's possible this is the beginning of a downtrend. Analysts are saying the crash was due to over leverage though.
 
It is normal that this happens because bitcoin drags other cryptocurrency . People tends to panic sell when the price of bitcoin falls .
 
As far as we don't break $65k and move above it, it's possible this is the beginning of a downtrend. Analysts are saying the crash was due to over leverage though.
If it is going to continue decreasing in price that I think it is a very good opportunity that it is available for many of the cryptocurrency investors because they will be able to actually purchase and increased a cryptocurrency portfolio.
 
I was a little sad because I was hoping that bitcoin would reach or get very close to its ATH before another serious dip in the market. Imagine the number of weeks it took for the level of recovery we had and in just a few hours all got dumped again.
This is a very good point and it can be quite motivating when it comes to cryptocurrency investment in the future. However I think that given the right market it could recover in a shorter period of time because there is more countries looking at cryptocurrency now.
 
I am just bothered about the huge fall in an hour time frame ,I think many accounts would have been liquidated because of that , I really don't know what caused the huge fall
 
I am just bothered about the huge fall in an hour time frame ,I think many accounts would have been liquidated because of that , I really don't know what caused the huge fall
I agree with you. Perhaps it could have something to do with all of the bitcoin options that expired towards the end of last week and if they were sold off to rake in the profits.
 
I agree with you. Perhaps it could have something to do with all of the bitcoin options that expired towards the end of last week and if they were sold off to rake in the profits.
Oh I never knew that caused the reason why the price fell to that extent , many people would lost their money because of that fall except they put stop loss to minimize the loss
 
The Exact Reason was the money out of the Chinese exchanges about 7.8% of total bitcoin Marketcap which resulted in this situation tbh
 
For me its not a big problem. The price of bitcoin fall and rise even hourly. Everyone believe bitcoin will reach $100k soon. Bitcoin has a big market in asia especially india where already 1.5 crore investors are trading in cryptocurrency.
 
That was a market manipulation by whales to liquidate futures traders. Billions of dollars was lost. It is always very important to use safety measures while trading.
 
Factors are always responsible for the bitcoin rise and fall, people must understands this, Funndamentally the market is growing and bitcoin will increase in value no doubt.
 
The price of bitcoin was seeing a good sense of recovery and there were many people that were starting to think that this coin will soon reach an all time high once again and that it may start to show profit for those that were unfortunate enough to invest in this coin at its peak. And whilst this did look promising for a while, there was recently a massive crash in the price of bitcoin. The price drop that happened yesterday saw the price of bitcoin drop from over 51k USD to around 42k USD, resulting in a market loss of over 200 billion dollars. What do you think about this drop and what could be the possible cause of this drop?
For those that did not panic like me,we were ready to see the end of everything,we are masking in big profit,infact if you are a spot trader you don't need to fear.
 
Fast forward to today, bitcoin dipped beyond imagination from 60,000 dollars to 41,000 dollars living people in shock. Initially the early part of this year, alot of cryptocurrency expert forsee bitcoin hitting 100,000 dollars by December but the reverse is entirely the case.
That's the problem ,so many assurance and hype that Bitcoin is going to reach $100k soon ,made so many people invest in it ,but at the end of the day the price fell , probably by next year we should be expecting more increase in the price as time goes on and ,we should be ready and invest ahead of time ,so we can benefit from the price increase
 
I have removed my hand from anything that has to do with financial advice,I am considering at this point wether to focus on arbitrage or have high hopes on cryptocurrency. I bought bitcoin at 41,000 dollars and now it has returned back to my start up point.
You have not made loss until you withdraw your fund ,so just keep holding the coin ,you would get the reward and make more gains at the end of the day ,Bitcoin is very promising and it's actually worth investing in ,when it comes to making viable profit from the market both on the long run , just invest at the right and best possible time
 
You know quite well that money has to be spend,it's only when you have backup money you can wait irrespective of the years for the coins to risk. Imagine I was trading in Future trade or Margin Trade the dip would have sent me out of the trade totally. It's best we take time in market analysis before venturing into any trade.
obviously margin and future trading is not what someone willn just rush into because the risk is extremely high but if you understand the Dynamism of the market and you are not greedy you always make the best out of all of the trading know personally I engagement spot trading.
 

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