Bitcoin now at 32600. Why is it going down so much ?

[onlinemarketer12]

I thought that it will be 40000 this week but it is only going down. Other coins also lost 10-15%. Is it all over ?

 

[CRN]

Elon Musk!

 

[WillFeckYouUpLol]

Elon Musk!

lol for once I dont think he did anything...
Just seems like a double-bottom forming

 

[Digitly]

Yes

 

[Dark Sky]

Cuz I said a few months ago I want it to drop to £20k, hereeeee it comeeeeesssssss

 

[malletbuzz]

I thought that it will be 40000 this week but it is only going down. Other coins also lost 10-15%. Is it all over ?

As long as there is greed, this game won't end so soon.
Historically, after bitcoin pulled back to about 30% of its peak price, things will start to stabilize before the next upturn begin. Only when bitcoin move up in value, other alt coin will follow suit. This pattern never changes. Bitcoin needs to take the lead before alt coin like ETH (fans of ETH will argue otherwise) start to move in line.

 

[Starblazer]

I think it will come down to 20-25k. All the sharks will invest in BTC and it will reach the moon

 

[WillFeckYouUpLol]

As long as there is greed, this game won't end so soon.
Historically, after bitcoin pulled back to about 30% of its peak price, things will start to stabilize before the next upturn begin. Only when bitcoin move up in value, other alt coin will follow suit. This pattern never changes. Bitcoin needs to take the lead before alt coin like ETH (fans of ETH will argue otherwise) start to move in line.

agreed. its already somewhat stabilizing. probably 35k+ by tomorrow again.

 

[razorsharp]

It's going down because it's worthless

 

[Dark Sky]

It's going down because it's worthless

Dollar is worthless though and that goes up,

guess what happens if you save $1000 for a year? Well you don't have $1000 no more. Who on this planet would want dollars that's guaranteed to devalue

 

[WillFeckYouUpLol]

Dollar is worthless though and that goes up,

guess what happens if you save $1000 for a year? Well you don't have $1000 no more. Who on this planet would want dollars that's guaranteed to devalue

cant really compare inflation w crypto lol USD is surprisingly steady given the fact that the Feds just print money like crazy

 

[Dark Sky]

cant really compare inflation w crypto lol USD is surprisingly steady given the fact that the Feds just print money like crazy

Then I guess you didn't hear about the looming global debt crisis that's going to rip us all a new hole, and only the rich will survive.

Unless of course, the rich wipe the debts with everyone. But let's be realistic, there's no way we will convince all the rich people to wipe the debts clean.

No gov on the planet can figure out a solution to the debt crisis.

 

[Nikolaos]

Fear of sellers actually.

 

[TheSecond]

guess what happens if you save $1000 for a year? Well you don't have $1000 no more. Who on this planet would want dollars that's guaranteed to devalue

the dollar has value because it's the dominant currency in international trade and countries hold it as a reverse currency, it's going down because the fed was out of control during covid and they printed trillions not because it's worthless. don't confuse the two.

cant really compare inflation w crypto lol USD is surprisingly steady given the fact that the Feds just print money like crazy

I typed the exact thing before I saw you're comment. the dollar hasn't collapsed yet because the US is exporting its inflation and importing goods instead but that won't last much since more countries are starting to drop the dollar.

De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund

No gov on the planet can figure out a solution to the debt crisis.

Hitler managed to do it : )

 

[onlinemarketer12]

Fear of sellers actually.

Some positive news is required.

 

[bartosimpsonio]

Because people are selling

 

[DigitalUpdate]

Yeah, it's a bad news.I had small amount of bitcoin.it's a risky investment man now

 

[TheGreyMatter]

Ups and downs are a part of the market and like every bull run, there exists a bear run as well.

 

[suade]

it was worth 5K march 2020

 

[xinase3501]

Have you heard the saying "The Bubble Has Burst" That is life son..