Whats happening with bitcoin?

ProxySingedJungle · 2024-01-12T15:50:30+00:00

It looks like a normal day to me

MrZZ · 2024-01-12T16:30:38+00:00

Ceo of btc lowered the prices to make it more affordable.

Jubatus_ · 2024-01-12T15:46:56+00:00

It’s going down as you can see

First-Willingness220 · 2024-01-12T15:54:38+00:00

Calm down guys, this happened because I bought yesterday.

kyleleblanc · 2024-01-12T16:00:34+00:00

Sell pressure from GBTC.

TheRealMoash · 2024-01-12T15:51:23+00:00

Looks to be a classic moving to the right scenerio.

Postcard2923 · 2024-01-12T16:45:12+00:00

If you're invested in Bitcoin, you should be prepared for as much as a 30% swing at any time. $46k to $44k is noise.

Tribetime00 · 2024-01-12T16:07:07+00:00

I'm buying the dip FUCK YALL

Eastern_Abalone1406 · 2024-01-12T16:00:53+00:00

Selling news if I had to guess, remind me in 3 months

VerticalFoil · 2024-01-12T17:20:00+00:00

150% up in a year and people freaking out about a lil profit taking. My goodness

Shift-Hot · 2024-01-12T15:54:12+00:00

When in doubt, select 3m or 1yr chart to see where we have come.

AcademicImpression83 · 2024-01-12T17:23:05+00:00

Dips are for buying not crying

the99percent1 · 2024-01-12T16:29:02+00:00

First rodeo?

Overall_Cap_3683 · 2024-01-12T15:54:39+00:00

Everyone panic sell!!!!!

quantum_explorer08 · 2024-01-12T16:31:31+00:00

There are lots of dynamics at play. Just focus on the long term: ETF likely to bring more inflows over the next few years and the halving is in April which will reduce the supply. Not much more you need to know

DaniDaniDa · 2024-01-12T15:54:51+00:00

If only someone had warned us things might be volatile for a while.

MPH2025 · 2024-01-12T16:31:13+00:00

I see buying opportunities.

superradguy · 2024-01-12T15:51:50+00:00

This isn’t even a 5% price movement, everyone needs to grow a pair of balls. Chill children

FatterWildcatter · 2024-01-12T16:19:59+00:00

Turn your screen upside down, problem solved.

StonksPeasant · 2024-01-12T16:31:46+00:00

Its over. The ETFs killed it. Time to wrap it up and go home.

There are regularly dips as much as 50% during past bull markets. This is nothing to worry about

p4ttl1992 · 2024-01-12T16:31:05+00:00

Bitcoin go up Bitcoin go down

Sometimes maybe good Sometimes maybe shit

cunth · 2024-01-12T17:41:00+00:00

Oh no! It looks like we've retraced back to *checks notes* the price of BTC 4 days ago

Weekly-Inflation-819 · 2024-01-12T16:10:21+00:00

Bitcoin is introducing all them etf newbs to the party

Nikhil_2020 · 2024-01-12T16:22:41+00:00

A few days ago people were spreading FOMO that this is the last day you could buy BTC 🤣🤣

Professional_Bid6864 · 2024-01-12T17:22:18+00:00

It’s because you touch yourself at night

ahmedcfx · 2024-01-12T16:25:55+00:00

Grayscale selling

JerryLeeDog · 2024-01-12T16:38:01+00:00

Exactly what it looked like it was going to do;

Hit the resistance at ~48k and drop to build more market structure

Our support is technically down near $30-33k. I could only dream it gets that low...

Suitable-Dingo-8911 · 2024-01-12T16:28:13+00:00

I wouldn’t hate if bitcoin nuked to 20k, all these new bitcoiners would gain an appreciation for it and I could double up my bag again

PashaBiceps__ · 2024-01-12T16:42:29+00:00

it's been 12 days since 2024 and we are still not millionaires. so people are giving up.

Datejust44 · 2024-01-12T16:46:43+00:00

No worries, it will go even lower

tjackson_12 · 2024-01-12T16:15:58+00:00

Did you forget to say “weeee!!!”

distroia_man · 2024-01-12T17:19:36+00:00

The market has been driven up in the last few months in anticipation of the EFT - the ETF is here - the profits are being realized...
Business as usual

juoza · 2024-01-12T18:07:36+00:00

China banned bitcoin again?

aChillLad · 2024-01-12T19:15:52+00:00

Oh no, it’s sunk to levels not seen for… 11 days

Bongressman · 2024-01-12T16:22:56+00:00

Priced in. Retracing before the halving. This always happens. Every. Single. Time. We will see the 30s again. Post halving, we will go on another run the second half of the year.

Keep stacking.

BlackOutEfficiency · 2024-01-12T17:12:31+00:00

Welcome to Wallstreet manipulation. Now that there is an ETF. They can buy Bitcoin on the exchanges. Short Bitcoin ETF then dump Bitcoin on the exchange. It's a free money machine.

dollhousemassacre · 2024-01-12T16:03:58+00:00

It's doing what it's always done: "be unpredictable".

dollhousemassacre · 2024-01-12T16:05:57+00:00

I almost feel sorry for OP, who's clearly a noob. One does not ask these questions.

Aerodynamic_Soda_Can · 2024-01-12T16:37:39+00:00

I'm still showing we're up 1% for the week, 8% for the month, and 135% for the year. You gotta chill out and zoom out a little lol.

Reasonable_City · 2024-01-12T18:58:55+00:00

Hedge funds are naked short selling btc etfs to help bolster the feds usd shitcoin.

onebtcisonebtc · 2024-01-12T16:31:22+00:00

OMG BTC is dead once again!

Kyrunessonce · 2024-01-12T17:03:17+00:00

Please dip back to 17k so I can buy in 😌 thanks

Hermes_Lux · 2024-01-12T21:06:11+00:00

Give it a week. A lot of money shifting around.

$50k very very soon.

Qennen · 2024-01-12T16:01:38+00:00

Yeeeeeeeeees... finaly here comes 12k.

ajslinger · 2024-01-12T16:14:02+00:00

So many newbies

WBigly-Reddit · 2024-01-12T19:00:35+00:00

Getting set up for a buy!

Adventurous__Kiwi · 2024-01-12T19:13:13+00:00

Sorry my bad. Every time I buy bitcoin I stop the high run.

valmvp · 2024-01-12T20:54:26+00:00

Correction because big boys fix the profits after overexcitement about ETFs approval. There are no fundamental reasons why bitcoin should drop. Bull market will start soon.

SirDanMur · 2024-01-12T16:05:15+00:00

Watching price drop and buying more.

llewsor · 2024-01-12T15:52:57+00:00

gensler talking shit about bitcoin on cnbc earlier today

Agreeable-Split1829 · 2024-01-12T16:10:46+00:00

I feel like you might be new OP, so here is something to know about crypto:

Going up or down ~10% in 1 day is something normal in crypto.

Going up or down ~30% in 1 week is also normal in crypto.

When people say the crypto market is highly volatile, this is what is mean by that. If you believe in the asset, have done your due dilligence, have compared with other assets, understand the crypto market, have a basic understanding & experience in the crypto market, invest what you are willing to lose, and have a plan. You'll be fine

Dramatic_Journalist4 · 2024-01-12T16:08:22+00:00

People are pumping and dumping. It all comes back to the approval of the ETFs. The thinking behind it is new capital would come in and raise the price. As people take profits off the table, the price goes down.

k1mbalam · 2024-01-12T16:09:45+00:00

Mooning through the earth I guess… don’t care never selling

best_crypto_to_buy · 2024-01-12T16:29:49+00:00

You know, if everyone would just buy and set a limit sale at a higher price, the price would only go up. But, Everyone would have to do it.

Fickle-Carpenter · 2024-01-12T16:32:03+00:00

To me it looks like the price of a singular bitcoin is decrasing or at least has decreased in the past 2hrs

navierb · 2024-01-12T16:33:41+00:00

Jim Cramer, was it you?

losaces · 2024-01-12T16:34:11+00:00

Correction, as many intelligent people are selling right now, people that are buying with fomo learn their first lesson

Secure-Rich3501 · 2024-01-12T16:34:21+00:00

The good news is Jim Cramer is probably saying sell

Rawchains · 2024-01-12T16:37:59+00:00

Found the ETF guy!

EarningsPal · 2024-01-12T16:40:59+00:00

Why worry now?

BTC preformed well and was worth holding without the ETF approval. Now 11 ETF need BTC supply.

A new amount of BTC must now sit in these funds, worldwide.

Now retirement accounts, tax free money, can sit in BTC. The amount of new money that could never have gone into BTC can not go into BTC without having to learn anything.

Any_Food_6253 · 2024-01-12T17:07:48+00:00

*Buys more sats*

d_e_s_u_k_a · 2024-01-12T17:07:58+00:00

It's on sale! Buy some! I know i did

Gh0st_Pirate_LeChuck · 2024-01-12T17:10:22+00:00

That’s called “the dip”

DaikonGold4878 · 2024-01-12T17:20:25+00:00

Normal day to me after a News Event . It will drop Even more but i only know shit hodl since 2013

muaythainj · 2024-01-12T17:30:15+00:00

You must be new here. Patience young grasshopper.

simmeh024 · 2024-01-12T17:40:20+00:00

Just bought a bit more, I always like a discount.

vag_stephanou · 2024-01-12T17:56:32+00:00

It's because I bought @ 48k so now I will have to buy again

Fun-Ad-5571 · 2024-01-12T17:56:32+00:00

It’s called a “buy signal”

jellyvish · 2024-01-12T18:14:17+00:00

oh no it’s all the way down to where it was a cpl days ago!! 😱

UnionCounty22 · 2024-01-12T19:10:43+00:00

Wall Street has entered the chat

Toadcurrie123 · 2024-01-12T22:40:34+00:00

The whales sold and got they money back. Then they gone rebuy it again at a lower price 🤷

It’s just the name of the game not everyone is holding til it reaches a million.

U know what they say when everyone’s buying ur selling. Don’t be too greedy and get ur bag.

Right now they prob profited or broke even, and buying the dip while yall are holding on wondering what’s happening.

Artistic-Comb-5932 · 2024-01-12T16:08:11+00:00

Because,..I bought a ton of ETF yesterday

Silver-Rub-5059 · 2024-01-12T16:14:18+00:00

Do the Bartman

WetPuppykisses · 2024-01-12T16:31:22+00:00

Sell the news. Whales are not done accumulating

XBThodler · 2024-01-12T16:32:26+00:00

I can't see anything. Oh wait! I am on the monthly timeline...

trendespresso · 2024-01-12T16:36:44+00:00

First time?

SolventAssetsGone · 2024-01-12T16:38:20+00:00

It’s making blocks every ten minutes.

Ancient_Highlight_32 · 2024-01-12T16:40:43+00:00

Well, it will be good for us to own Bitcoin, but like allot of people are saying, Bitcoin reaching 1,500,000 by 2030, we'll have way worse problems, like the economy being completely fucked. That's what the news is saying. I don't know man, trade on.

Junior_Client3022 · 2024-01-12T16:48:19+00:00

The harder they'll come. The harder they'll fall.

giantpotato · 2024-01-12T16:48:45+00:00

Everyone was waiting for a god candle and they forgot that candles melt.

libretumente · 2024-01-12T16:48:50+00:00

CEO sold some of their shares

Sea-Deer-6355 · 2024-01-12T16:50:51+00:00

Getting dumped on…

galaxyheater · 2024-01-12T16:56:13+00:00

It’s over. This is the first Forever End of Bitcoin for 2024. Look forward to many more.

Quantum_Pineapple · 2024-01-12T17:11:11+00:00

People are just taking profits now, instead of when we're on the moon.

NotRafaelRobertson · 2024-01-12T17:23:43+00:00

My sincere apologies, I should have let y'all know I bought yesterday

RoyalBudget770 · 2024-01-12T17:24:39+00:00

What was supposed to happen. The crash after the ETF launch

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