Bitcoin crash - page 2. | Bitcointalksearch.org

Jating

hero member

Activity: 2842

Merit: 772

Quote from: jerick06 on March 08, 2018, 07:12:45 AM

Yesterday, bitcoin, which is the most popular and valuable coin has dropped 6.15% so as a result of this, bitcoin is now $10,256. Earlier, in a one hour trading, bitcoin's value become $9,481.45. What's happening? What was the issue of binance because they're saying that they'll investigate because users are having issues with their funds?

Most probably the Binance issue has something to do with the recent dip plus there this announcement from SEC saying crypto Exchanges must be register with them.

And as a result, A Japanese Bitcoin Whale Has Sold $400 and that's just the start which causes a domino effect, pulling the price below $10K. That's how someone as big as one whale can significant put a dent on the market price.

louie69

member

Activity: 322

Merit: 12

Quote from: jerick06 on March 08, 2018, 07:12:45 AM

Yesterday, bitcoin, which is the most popular and valuable coin has dropped 6.15% so as a result of this, bitcoin is now $10,256. Earlier, in a one hour trading, bitcoin's value become $9,481.45. What's happening? What was the issue of binance because they're saying that they'll investigate because users are having issues with their funds?

I think that what happen with bitcoin drop has something to do with the Binance issue wherein withdrawals are being halted and then the negative news may have escalated all over resulting to sudden drop of bitcoin's price value. Negativity really is a fallback where it immediately resulting to the impact in it's price. Hoping that this will have an immediate resolution to hold the continuous drop in price.

someoldcoins

full member

Activity: 252

Merit: 105

the more you are worried the more investors will join to make impact on price .

if you are new to bitcoin and saving you have to be mature .

BTCLovingDude

legendary

Activity: 1134

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BTC to the moon is inevitable...

Quote from: jerick06 on March 08, 2018, 07:12:45 AM

has dropped 6.15% so as a result of this,

i think you made a calculation error but in any case 6%-10% drops are really nothing for bitcoin to even be considered a "drop" they are usually normal ups and downs.

Quote

What's happening? What was the issue of binance because they're saying that they'll investigate because users are having issues with their funds?

maybe Binance was a part of it but i believe it was mostly the same trend as before as price keeps going up to near $12k and drops to above $9k. it is stuck in this range for a while now.

kache2018

newbie

Activity: 112

Merit: 0

I think its more of adapting to the other cryptocurrencies. Just like our funds and or savings. We do not just put everything in one place but we are investing it or keeping it to other investments. I think the effect of this massive deficit is due to diversification and rising of other cryptocurrencies.

jerick06

jr. member

Activity: 180

Merit: 4

Yesterday, bitcoin, which is the most popular and valuable coin has dropped 6.15% so as a result of this, bitcoin is now $10,256. Earlier, in a one hour trading, bitcoin's value become $9,481.45. What's happening? What was the issue of binance because they're saying that they'll investigate because users are having issues with their funds?

Topic: Bitcoin crash - page 2. (Read 311 times)