Quote from: StreakW on August 25, 2021, 10:47:54 AM

I think anything can happen anytime. Cryptos are notoriously volatile, sometimes it's almost impossible to tell the reason behind price changes. For this reason alone, it becomes almost impossible to predict the future of Bitcoin with the best accuracy. Your best bet is to keep in mind the opinions of economists, crypto enthusiasts and other professionals in the field. However, in the end, you always have to make your own decisions. No one can be 100% sure about the future of cryptocurrencies in the market to date. everything is mostly just speculation or structured conjecture.

Another factor that makes bitcoin's future seem unpredictable is that its users are not increasing as sharply as they were in 2018-2020. This indicates stagnation. In fact, mass adoption is not happening as quickly as crypto players might expect.

Well the "reason" is that people buy a lot of bitcoins all of a sudden, which means that not enough buyers at the same price, so sellers end up selling cheaper and cheaper to find people who would be willing to buy. And that is the cause of the drop, you can write similar one to the buyer side and how it increases as well.

The reason why people do make these type of things is similar to ours as well, or what you see here on bitcointalk when people talk about the price, you can sense what is going on and why it is dropping.

Of course, there are times when whales get out and sell tens of thousands of bitcoins, which drops the price and you can't predict that beforehand, but that doesn't change the fact that most of the time it is us, the community that makes it go up and down which is why I believe that we should not be really caring about what's going on.