Quote from: BITCOIN4X on August 19, 2023, 08:37:01 PM

Quote from: Sexylizzy2813 on August 19, 2023, 05:19:25 PM

Quote from: _BlackStar on August 18, 2023, 07:42:26 PM

- but my quick search says Elon Musk seems to be one of the reasons for the decline.

I don't understand, what has he done to make the price to fall with so much force like I never thought it would be this way. Must he be on the negative side or what? I wish investors should not entertain FUD rather they should hold.

Come on, the market will recover without a doubt, but of course it will take time.
After all such big dumps have happened before and bitcoin is again able to prove that it is simply the result of a panic or a big sell off from an institution or a whale.

I believe bitcoin won't take long to recover above $30k, but I'm not too sure it will recover during August. Market conditions are still too panicked even about something that is not yet valid.

The effects of panic in Bitcoin price cannot be overemphasized. One thing about panic is that the more panic is coming the more the price is dumping and the more the price is dumping there will be more panic and if that continues to happen, it means a very major good news to upturn the whole process.

As I am looking at the market condition presently. I do not think that there is any such good news that will upturn the market this time around. The major good news we are waiting for is the halving.
Meanwhile, the market moves up and down, and as we talk now it is somehow above 26 thousand dollars, which means it is improving. Some minor news that could also moved market is microstrategy coming in at this time. Since Elon Musk has done his own negatively.