When Bitcoin prices drop, I hate the first $118,000 to $115,000, then $115,000 to $113,000 (and $112,000 to $112,000 while I write). It’s nervous, frightening, straight upset. We are working on this inevitable currency revolution, with all discernable signs pointing in the same upward direction. Sadly, the world doesn’t cooperate.
I’ll get it, it will suck when the shaking of your pure wealth disappears in a movement that stirs your stomach. Advice: For example, don’t calculate the amount of -9.2% pullbacks these days for you. While our favorite orange miracle was in Free Autumn, don’t see how much you burned by “buying a dip” or “catch a knife.”
Some talking heads said something so Bitcoin prices didn’t go down.
Bitcoin Magazine, like other financial media related to Click-Hungry News, regularly publishes articles about Bitcoin prices that move in relation to macros and political news. It’s not that we or anyone else actually believes because we or someone else has never heard of Price moving the words of some politicians, Saylor buying more corn, Metaplanet issued additional shares, or that no one has heard of a Hong Kong-based finance company stacked up. Bitcoin prices did not move as the third sentence in Chairman Powell’s latest statement was slightly different from what was expected.
With the White House preparing its executive order, there is no sane and reasonable reason why Bitcoin prices should be held at a certain level (or increased or decreased).
With so many tea leaves readers, technical analysts and macro commentators pitching, I’m sure you know why Bitcoin prices moved like this. No one knows. Bitcoin has a huge macro asset these days, and it cannot be pushed away by fluff. It moves to the same etheric and unpredictable changes that move other asset classes: emotions, flow of fluidity, animal spirits, and more.
Publish these Bitcoin price articles and search and click to read them. You vote with your eyes as much as your dollars. If you want better journalism, become the change you want to see in the world – read good instead of fast food trash with a macroeconomic shelf life of half-edible apples (fruits not $appl!).
This provides a well-defined (efficient) financial markets. The best guess of the future status of all market participants is discounted appropriately in the present.
It includes hot news, like the Treasury Department, where the Trump administration issues executive orders, buys more bitcoin, or issues more shares, but certainly everything that is not limited to these, has entered its aggregation and form statement, with price shifts.
Welcome to the financial markets.
You can come to this with technical analysis, but it’s hardly correct. You can do serious model analysis such as fluidity flow and short sellers, and it is proven wrong on a daily basis. There is no price worth the “psychological limit” of round numbers or the 200-day moving average. The price does whatever it does.
As a good Bitcoin price therapist, all we can do is deal with it. I buy more, sell chairs and kidneys, close the screen and go for walks. No one knows if hyperbitcoinization will be here next week or next century.
David Bailey, CEO of BTC Inc, owner of Bitcoin Magazine, and Bitcoin’s Forrest Gump, fused Nakamoto with KindlyMD, finally unleashing a $700 million war chest and purchasing Bitcoin. He hit the top (local?) as so many Bitcoin savers have been going for years and quickly burned around $36 million. (Swedish finance company H100 – I’m holding (very few) stocks experimentally – even more interesting, hitting a 100 btc+ purchase for almost $121,000. It’s fun to throw away a million dollars.)
A fun time.
Below are other potential price fluctuations that have happened recently.
Treasury Secretary Bescent said the US will not buy Bitcoin for its strategic Bitcoin reserves. And for the greatest confusion, he responded with his words a few hours later. Cathy Wood’s Ark 21 share reportedly recently sold Bitcoin. Macro: Speculation (or keep steadily) about the Fed’s decline rate in September. This week, Bitcoin Finance Company stocks have gone crazy again this week.
That’s all the treatment you get this week. Touch the grass and let the sun shine brightly on your face.
The author is the only opinion expressed in this article and does not necessarily reflect the opinions of BTC Inc, BTC Media, Bitcoin Magazine or its staff. This article is for informational purposes only and should not be considered financial, legal, or professional advice. Material private information is not used when writing this article. Opinions, and the financial actions adopted as a result of these opinions, are those of the authors and do not necessarily reflect BTC Inc, BTC Media, or Bitcoin Magazine.
Nakamoto has formed a marketing partnership with BTC Inc, the parent company of Bitcoin Magazine, to help BTC Inc build the first global network of Bitcoin finance companies that provide specific marketing services to Nakamoto. For more information about this, please see here.
Source: https://bitcoinmagazine.com/markets/bitcoin-price-falls-nobody-knows-why
