Post
Topic
Board Speculation
Re: Why the bitcoin market has been dumping so much for months
by
wxa7115
on 04/01/2022, 20:51:07 UTC
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?
I think you have some misconceptions about the market, when the price of bitcoin is going down it is not going on the wrong direction, the price is always right, the ones that are wrong are the traders that thought the price will keep going up not realizing that it was not possible for this to be the case anymore.

Also it seems you are looking for signs of a stable market but that is a mistake, bitcoin is still a new and experimental technology, it is a mistake to think it could be stable, it needs at least a few decades before that is the case, so do not expect for stability in the price to appear any time soon.