Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❕NEWS Bitcoin price falls 10% in a single day (16/03/2021)

AudraMiller

Sapphire Member
LV
0
 
Joined
Sep 24, 2020
Messages
7,707
Reaction score
170
Points
150
Awards
1
BMF Points
$4,888
Rating - 0%
0   0   0
For many people it is believed that the volatility in cryptocurrency is a good thing because it allows for them to trade on a daily basis. Over the last 24 hours there has been a 10% drop in the price of Bitcoin with bitcoin now trading at just over $53000. Since the beginning of this year this is noted as one of the largest drops in the price of Bitcoin, and can be a cause for concern for those that are looking into short-term investments in Bitcoin. The current market cap for bitcoin is also moving downwards with the market cap being 1024 billion dollars. Do you think that this is the start of a bear market with bitcoin or do you think that this is just a correction factor that will move forward with larger increases in the price?
 
Well , one should be confused or challenge by the fall . Bitcoin has been really very unstable presently and this has been a very big call for concern
 
There is no reason to anticipate a bearish move for bitcoin. I feel that it is just some correction after testing the $60k mark for the first time.
Well , this will only be the case if more whales didn't sell again upon returning to $60k price. The fact is that the fate of bitcoin is uncertain .
 
Well , this will only be the case if more whales didn't sell again upon returning to $60k price. The fact is that the fate of bitcoin is uncertain .
Honestly, I am less bothered by that because that was exactly how it played out when Bitcoin was to reach $40k and same at the $50k mark.
 
I think it is just a correction because many have predicted bitcoin price would rise above $100,000 in 2021 including NASDAQ and J P Morgan.


We are aware after the Pandemic shook the world, bitcoin has gained a lot of popularity and it is still increasing day by day
 
In every downtrend so far, there were reports that big investors were buying in such declines. Again, I think they will see this drop as a buying opportunity.
 
Well i think its definitely going to rise back , it might only just take a few times but i think currently its still on a bullish run and would rise soon i think
 
Honestly, I am less bothered by that because that was exactly how it played out when Bitcoin was to reach $40k and same at the $50k mark.
Honestly, I am less bothered by that because that was exactly how it played out when Bitcoin was to reach $40k and same at the $50k mark.
Do you by this mean that you are confident that bitcoin will still show the same bullish run we saw at $40k and $50k mark
 
In every downtrend so far, there were reports that big investors were buying in such declines. Again, I think they will see this drop as a buying opportunity.
Yeah investors would surely want to use the opportunity to buy to make more gains i think , so they could actually earn multiple profit i think
 
Do you by this mean that you are confident that bitcoin will still show the same bullish run we saw at $40k and $50k mark
My confidence is purely from observing how bitcoin trends are and nothing else. If it could happen those times, I believe it can happen again.
 
Everything that goes up, must also come down - Ancient Market Proverb
Just kidding, but that said, these pullbacks are expected, I think.
Yeah true anything that goes up would at a certain point fall but this bitcoin there is high probability that the price is increasing more i think
 
I was perplexed when i saw the latest around Bitcoin via coinmarketcap.com site. But it is gradually on the rise again, from $53k to $55k at present. I just hope it meets expectations before the end of year.
Sure it meet expectations but not everyone will be ready to witness when this will happen . The best is to buy bitcoin and aim for long term holdl
 
I think what is happening now in bitcoin is normal, because that is what the market is made for, at times it will go up or down. I believe bitcoin will rise again.
 
I think what is happening now in bitcoin is normal, because that is what the market is made for, at times it will go up or down. I believe bitcoin will rise again.
It is true that the stock market is thus a rise and fall in prices and investors who are engaged in business must be attentive to these changes so as not to lose, but rest assured that the BTC will recover.
 
This is just a minor setback, it is sure to bounce back soon. It's like it is testing the 60k mark, I'm sure the 100k predictions for the year are still feasible
 
This is just a minor setback, it is sure to bounce back soon. It's like it is testing the 60k mark, I'm sure the 100k predictions for the year are still feasible
In total agreement with you friend, the predictions of the $ 100k are very likely to be fulfilled and I think it may be a little more than that estimated value all of this due to its bullish movements seen lately.
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.