Quote from: salad daging on Today at 12:19:40 PM

Quote from: bettercrypto on Today at 10:05:28 AM

Quote from: Researchoo on February 13, 2023, 07:13:41 PM

Bitcoin Started Dumping again
Now can we expect $17000 Again?
According to me, it will Dump again $17000 am I right?

Fluctuation always happens in the market, and even though these things happen if you are a long term holder of bitcoin you are not affected by these scenarios.

The only ones affected in these situations are the day traders or scalpers and communities who easily panic leading to the sale of their assets thinking that the fall will continue but the truth is not.

Now the price continues to fall, several scenarios occur due to bad news happening regarding other negative things and this is indeed FUD which continues to be spread, we don't need to panic because after all, the price will not be corrected as long as it is corrected, we must be a strong holder and should not be influenced by anything.

Daily traders usually do stop loss to prevent big losses because this is indeed an unexpected situation who thought March would get better instead bitcoin turned around to $ 19,000 again because in the opposite direction there was a lot of panic going on until there was a possibility that someone was selling assets in this situation recently.

I don't think it's FUD though, it's very clear by now,

https://www.coindesk.com/policy/2023/03/09/us-treasury-department-proposes-30-excise-tax-on-crypto-mining-firms/

Quote

he U.S. Treasury Department has proposed a 30% excise tax on the cost of powering crypto mining facilities.

A provision in the departments Greenbook, its list of tax proposals and explanations for the U.S. Presidents budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies using computing resources to mine cryptocurrencies.

https://www.coindesk.com/policy/2023/03/09/us-treasury-department-proposes-30-excise-tax-on-crypto-mining-firms/

So it's a announcement that negatively affecting the price, hitting lows of below $20k again.

Very hard since almost all of what we have gain has been wipeout because of this news.