Quote from: davis196 on Today at 12:13:57 PM

Quote from: HridoyHk_15 on December 10, 2021, 05:48:22 PM

A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?

The Bitcoin market isn't supposed to be stable.If you want a stable market,then go for stablecoins or fiat currencies.Bitcoin is volatile and it will always remain volatile,despite the fact that many people don't like price volatility.
The spring price crash was a price bubble,which was pumped by Elon Musk and then popped by Elon Musk,with a little help coming from China.
The current price crash was a price bubble,which was pumped back in October by some bullish news about Bitcoin ETFs and BTC miners moving away from China.That bubble popped,because there wasn't enough demand and buying power to sustain the BTC price above 60K USD.

The price volatility of bitcoin is the reason why a lot of traders are attracted to this currency.
They are hoping to gain profits from this market. So being stable is not the factor that they are looking for.
The price decline may just be the correction that we need to see after reaching different ATHs this year.
But comparing to previous years, we are still way above as compared to the last decade of bitcoin life.
So people should not complain when btc is in the 40 or 50k level, because those levels are already great as compared to previous years.