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[AudraMiller]

The number of people that were selling their cryptocurrency yesterday was increasingly high and this was brought about most likely by the panic after seeing the market dip. In fact the prices we have seen in many of these currencies are arguably the lowest that we have seen in teh last three months for many of them. A total of 8.13 billion dollars was cashed out yesterday, with Huobi exchange having the most at 3.05 billion us dollars.

 

[anil02]

The number of people that were selling their cryptocurrency yesterday was increasingly high and this was brought about most likely by the panic after seeing the market dip. In fact the prices we have seen in many of these currencies are arguably the lowest that we have seen in teh last three months for many of them. A total of 8.13 billion dollars was cashed out yesterday, with Huobi exchange having the most at 3.05 billion us dollars.

I think it is the cause behind fall down in prices of Bitcoin. It may also be manipulated. Because peoples who have big holding of bitcoin are selling it so price come down and they will buy it again

 

[silentwatch]

It is a normal condition and i think it will enter the market again in three or four weeks. The dip in bitcoin price and also others coins just a take profit condition by those whales and sharks.. Just wait until they enter the market again and price will increase back....

 

[zeljko]

Until small investors sell during panic of losing money, big whales buy. There is news how whales bought another 122 BTC in Wednesday. In Wednesday was big dip so they bought it. Even Coinbase fee was 3000$, MVPQ Capital, ByteTree Asset Management Three Arrows Capital confirmed they bought a lot.
Little explanation: Whales are people or companys who have between 10 000 and 100 000 Bitcoins.

 

[sh199]

Because of the market crash, peoples are selling their crypto-like panic. After the banned news, when the price goes deep, I saw many peoples sell their holdings in losses. These phenomenals pull the market more deeply.

 

[Razor1911]

My guess is that people panic selling the coins lead to the downfall. Since the market was going well from the past couple of months, but suddenly panic triggered and people started selling stakes at discount rates. And prices tumbled. That is why the cashout amount is so large.

 

[Wisdom01]

I have actually noticed how much people do sell of because of the dip ,they dont want any loss , so they would quickly sell off their holdings like that , at even the smallest profit , I am sure that this current dip would have cause a lot of panic sale coming from different holders I think

 

[fiery phoenix]

I think in 2022 investors are selling more than they did in 2021.A single market dip followed by a quick rebound will see people holding their assets and not sell,but if the dip continues lower thats when the problem starts and panic starts setting in among investors,esp the small investors.

 

[fiery phoenix]

I think in 2022 investors are selling more than they did in 2021.A single market dip followed by a quick rebound will see people holding their assets and not sell,but if the dip continues lower thats when the problem starts and panic starts setting in among investors,esp the small investors.

 

[MayorKayz]

That is a huge sum of money to cashout in bitcoin in just a day. Maybe people are scare that as the price was coming down, that it will not rise back. And that is not true.
For now bitcoin is one of the best investment. Because if the price of the coin fall this year. Then in a year or two, the price will rise back.

 

[Wisdom01]

I think in 2022 investors are selling more than they did in 2021.A single market dip followed by a quick rebound will see people holding their assets and not sell,but if the dip continues lower thats when the problem starts and panic starts setting in among investors,esp the small investors.

yeah investors are selling more than they did in 2021 ,the dip might continue to go lower because it seems there hasn't been any corrections in the market and it's actually a big problem to the Bitcoin market ,with time the market would boost I believe

 

[fiery phoenix]

yeah investors are selling more than they did in 2021 ,the dip might continue to go lower because it seems there hasn't been any corrections in the market and it's actually a big problem to the Bitcoin market ,with time the market would boost I believe

Correctionsin this market are very low because the selling pressure is too high than the buying pressure.The support at around @$18k is trying to hold bitcoin from going lower.Around there rests a lot of liquidity,but the support might just be broken like we have been experiencing before.So far since bitcoin hit 17k it made corrections up to $21k but its failing to go higher because of the selling pressure thats too high

 

[achawaskey]

I don't understand why they decide to sale there bitcoin at this time bitcoin is experiencing dip, there actions will further dip bitcoin. I think what they should do is to hold a little longer because I see bitcoin finding it's support around 19k. However, those that are buying the bitcoin from them are the once that will be smiling to the bank later, because this is the time to accumulate much bitcoin as you can.

 

[anil02]

I have actually noticed how much people do sell of because of the dip ,they dont want any loss , so they would quickly sell off their holdings like that , at even the smallest profit , I am sure that this current dip would have cause a lot of panic sale coming from different holders I think

Yes it is right than many peoples earned crypto in different way even some people prefer withdraw earning of online line earning in crypto. Some people invest in it. But now most of crypto are crashed so peoples who have it want to recover what they can and it is also reason of crushing it

 

[Wisdom01]

Yes it is right than many peoples earned crypto in different way even some people prefer withdraw earning of online line earning in crypto. Some people invest in it. But now most of crypto are crashed so peoples who have it want to recover what they can and it is also reason of crushing it

yeah most people actually borrow loan to invest and when cryptocurrency drops futher they actually withdraw so fast so they won't be paying a huge debt , cryptocurrency have so dropped ,that many hope that the price level could start boosting so high again ad before

 

[anil02]

yeah most people actually borrow loan to invest and when cryptocurrency drops futher they actually withdraw so fast so they won't be paying a huge debt , cryptocurrency have so dropped ,that many hope that the price level could start boosting so high again ad before

From very beginning I believe that crypto is base less currency and few peoples are manpulating its price to earn. when price is high they start selling it and when it come down they again buy it. Latest crash in price is because of it because some peoples who are holding it sell it and in coming days they will start buying.

 

[MayorKayz]

From very beginning I believe that crypto is base less currency and few peoples are manpulating its price to earn. when price is high they start selling it and when it come down they again buy it. Latest crash in price is because of it because some peoples who are holding it sell it and in coming days they will start buying.

No that is not true for bitcoin. The recent declined in the price of bitcoin is bond to happen like that. The price that declined is due to the resistance and support in the market.
Before this time it has been said that the price of bitcoin will fall massively and it is already happening

 

[Wisdom01]

From very beginning I believe that crypto is base less currency and few peoples are manpulating its price to earn. when price is high they start selling it and when it come down they again buy it. Latest crash in price is because of it because some peoples who are holding it sell it and in coming days they will start buying.

yeah there have been so many manipulations ,it's the reason you see that when the price increase so high ,after sometime it would dropped so low again , the people are scared of the investment dropping so tehy have to take caution when investing

 

[MayorKayz]

yeah there have been so many manipulations ,it's the reason you see that when the price increase so high ,after sometime it would dropped so low again , the people are scared of the investment dropping so tehy have to take caution when investing

Yes manipulation in bitcoin is one of the reasons why the price of bitcoin rise and fall but it doesn't affect the price of bitcoin much. The rise and fall of bitcoin price is bond to happen that way. That is why there is resistance and support in every currency market and when one is reached then it will fall to the other.

 

[BullyMaguire]

Perfectly normal. Once small investors see that some whales take out money and shakes the market they will fear so they will take their profits and just buy again with more dips. At one point any investor will cash out their money to take profits anyways