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[microunit]

According to statistical data, an exchange was responsible for the drop of bitcoin last July 10, 2020, where bitcoin dropped down 150$ in a just a few seconds, more data said that the cause for the drop was bitcoin miners who sold their bitcoins at once during the time, the effect of this case was felt market-wide,

But after the dropped, bitcoin immediately rebounded back up, some analyst suspect that after the sell-off investors were jumping to buy bitcoin, increasing the demand at the same time

 

[Reznov]

but hold on, that's not probably true, if it's sold, it will remain in the same wallets, which means it didn't go outside, unless they exchange it for some other coin

 

[Balint098]

Miners sell out huh. Not really surprising considering how the price has stagnated for a while now and during this pandemic a lot of people who've lost their job need money to survive.

 

[SCAMEXPOSER]

It could be true because when they need money they will surely sell and if coincidentally the miners sold all their coins almost the same time obviously the Price will drop and investors will take advantage of that so at a point the demand become higher and the price surge again.

 

[Balint098]

Still holding at 9,000 USD mark. It will be tough for Bitcoin. Maybe bitcoin can only be able to break through the 10,000 USD mark next year at fastest.

 

[microunit]

bitcoin's price is barely any making progress lately, bitcoin's volatility has greatly reduced, whenever there is slight increase people oversells whenever price nears 9,000 USD mark they buy

 

[Josemendez]

According to statistical data, an exchange was responsible for the drop of bitcoin last July 10, 2020, where bitcoin dropped down 150$ in a just a few seconds, more data said that the cause for the drop was bitcoin miners who sold their bitcoins at once during the time, the effect of this case was felt market-wide,

But after the dropped, bitcoin immediately rebounded back up, some analyst suspect that after the sell-off investors were jumping to buy bitcoin, increasing the demand at the same time

There is one common thing with cryptocurrency , it's price can change either positively or negatively within seconds . and this should not come a surprise if you are a good cryptocurrency user

 

[Ewogboka]

There is one common thing with cryptocurrency , it's price can change either positively or negatively within seconds . and this should not come a surprise if you are a good cryptocurrency user

That's true because if you easily get scared by change in price you may find it difficult to make money from Crypto currency investment

 

[Ivanr01]

The reason is acceptable. Nobody dont want to loss 3-4k in month like previous prices on the BTC. I think it this year will reach 12-13k,but not more and will drop again to 3-4k ..

 

[Josemendez]

The reason is acceptable. Nobody dont want to loss 3-4k in month like previous prices on the BTC. I think it this year will reach 12-13k,but not more and will drop again to 3-4k ..

I believe that most people will sell their bitcoin immediately it crosses 12k mark , because it might not be long before it will fall below 10k .

 

[Ewogboka]

You may be right because most of people have held their bitcoin for too long with the hope that when halving is over it will rise immediately but unfortunately it has not so any cross above 10k to 12k will spike supply.

 

[Josemendez]

You may be right because most of people have held their bitcoin for too long with the hope that when halving is over it will rise immediately but unfortunately it has not so any cross above 10k to 12k will spike supply.

Yea. Presently this is my plan . bitcoin has not really risen as anticipated for a long time , I don't want to keep hoping for 20k rise , when I can make a little gain from 12k .

 

[Josemendez]

Bitcoin price is making little or no progress lately.. I doubt if it's going to bounce back so quickly because this lockdown era has made lots of people stranded somewhere lots of people sell out whenever there's a slightest increase

I think you haven't been following bitcoin trend recently .
Bitcoin was at 10k value for up to 20 hours yesterday, before dropping slightly later.
As at this morning it is back at 10214$

 

[Balint098]

Bitcoin has break the 10,00 USD barrier. Can the coin keep moving upward or dropping again? Let us see. kinda regret I sold my bitcoin just a while ago but oh well.

 

[Josemendez]

Statistics has shown that what is happening to bitcoin now is similar to what happened 2015 - 2016 period.
Bitcoin will continue to rise . it is henceforth that we will experience the positive effect of the halving .

 

[Balint098]

I guess you are right. I think the value of bitcoin might just keep rising. But on another hand, with miners on the rise, and with BTC becoming more and more available and less scarce, the whole game could change. What do you think?

Bitcoin total supply is limited o 21 million and the last bitcoin will be mined in 2140. The amount of people that mine bitcoin had peaked in 2017, since then since the price crashed less people mine bitcoin since it's less profitable.

 

[SCAMEXPOSER]

The price may continue to rise because miners will be on the rise despite the challenges in mining so this necessitates the increase in the price of Bitcoin.