Bitcoin dropped by $2k - page 9. | Bitcointalksearch.org

heureca

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Activity: 658

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Quote from: coinocean03 on March 08, 2018, 05:35:48 AM

As all of you know that the value dropped from a solid $11.5k to $9.5 recently. Could BitMex, the trading platform for bitcoin on other cryptos, where some users who had difficulty logging into its platform be one of the reasons for it?

I think the main reason is Binance news. It is big criptocurrency exchange and similar issues could be the reason of BTC dump. I advise to hold your coins without panic sell Wink

wenwen478

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Quote from: mersal on March 08, 2018, 08:50:37 AM

Quote from: wenwen478 on March 08, 2018, 08:44:45 AM

Quote from: btcwish1 on March 08, 2018, 06:14:43 AM

No one really knows what is going on and what is actually causing the drop for last 3 months!.

There are so many good news such as USA and Russia going easy on crypto. This itself should be enough to take it to Moon. But no!! BTC price is just going down. If it increases 5% within few days it drops to 10%.

This is really strange and I am sure even the experts don't know what is going on and where BTC price heading.. $50k or $5k Huh

As far as I know, there are two reasons for the price drop: 1. The attack on the BINANCE . 2. The Chinese government will step up its supervision of digital currencies on March 15, including restricting related bank accounts, limiting transactions Platform IP restrictions and other measures. Of course, these are just rumors.

So the main reason is just FUD so the price will rise again and in some exchanges the price are still high at the moment so it is good time for the arbitrage trading and I have earned some money by buying low and selling high.

First of all, congratulations ！ And I think the price will rise after a long time;But in the short term, the price will continue to shock, and may be lower!!

Dudeperfect

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Activity: 1190

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I was expecting such small ups and downs in this month as we are in the last phase of the correction process, traders waiting for slight growth are selling/liquidating their capital to grab this opportunity but I am expecting sustainable growth in the price after this month so there is nothing to worry about it in my honest opinion.

Gotumoot

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Activity: 1372

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Quote from: coinocean03 on March 08, 2018, 05:35:48 AM

As all of you know that the value dropped from a solid $11.5k to $9.5 recently. Could BitMex, the trading platform for bitcoin on other cryptos, where some users who had difficulty logging into its platform be one of the reasons for it?

Well as you can see the price of bitcoin is increasing almost 11k dollars though , and I think it's because the investors panic selling and resulting the price or the demand on the marketplace become unstable , so as the bitcoin. And don't worry bitcoin would not stock on just 6k dollars though or 2k usd?, bitcoin is still an unstable currency.

lamcouz

member

Activity: 322

Merit: 10

This is the best time to invest in bitcoins. If you want to, you can invest in bitcoin at any time, and I don't think it's a very high price, but in the future it will be $100,000, and you can still get a lot of money in your investment.

mersal

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Activity: 1204

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Quote from: wenwen478 on March 08, 2018, 08:44:45 AM

Quote from: btcwish1 on March 08, 2018, 06:14:43 AM

No one really knows what is going on and what is actually causing the drop for last 3 months!.

There are so many good news such as USA and Russia going easy on crypto. This itself should be enough to take it to Moon. But no!! BTC price is just going down. If it increases 5% within few days it drops to 10%.

This is really strange and I am sure even the experts don't know what is going on and where BTC price heading.. $50k or $5k Huh

As far as I know, there are two reasons for the price drop: 1. The attack on the BINANCE . 2. The Chinese government will step up its supervision of digital currencies on March 15, including restricting related bank accounts, limiting transactions Platform IP restrictions and other measures. Of course, these are just rumors.

So the main reason is just FUD so the price will rise again and in some exchanges the price are still high at the moment so it is good time for the arbitrage trading and I have earned some money by buying low and selling high.

wenwen478

hero member

Activity: 644

Merit: 500

Quote from: btcwish1 on March 08, 2018, 06:14:43 AM

No one really knows what is going on and what is actually causing the drop for last 3 months!.

There are so many good news such as USA and Russia going easy on crypto. This itself should be enough to take it to Moon. But no!! BTC price is just going down. If it increases 5% within few days it drops to 10%.

This is really strange and I am sure even the experts don't know what is going on and where BTC price heading.. $50k or $5k Huh

As far as I know, there are two reasons for the price drop: 1. The attack on the BINANCE . 2. The Chinese government will step up its supervision of digital currencies on March 15, including restricting related bank accounts, limiting transactions Platform IP restrictions and other measures. Of course, these are just rumors.

paul00

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Activity: 854

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Quote from: rajuahmed330 on March 08, 2018, 08:24:05 AM

"Bitcoin Price Forecast: Russia Finalizing Regulations by July, Bitcoin Future Looks Safe" - This News Headline from profitconfidential.
So Maybe Good things waiting for us. Please be quite and just forget for 2-3 months about crypto market.
Bitcoin may Down $5k-$6k, and again market will recover.

You're right, we just need to wait for that time and we know bitcoin value will increase at that moment and maybe at the end of the month bitcoin value will exceed at $20k. So don't panic about what is happening on bitcoin it is totally normal that we experience ups and down.

Quote from: whirlcoin on March 08, 2018, 08:27:20 AM

I think the reason behind this price drop is Binance hack news but really the funds are safe only a few bitcoin might be hacked as oer the CEO of binance tweet.So now the price keeps recovering at the moment soon it will be back to $12K.

I don't think the hack of website of binance has nothing to do with bitcoin value as they stated "All funds are safe and no funds have been stolen".

whirlcoin

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I think the reason behind this price drop is Binance hack news but really the funds are safe only a few bitcoin might be hacked as oer the CEO of binance tweet.So now the price keeps recovering at the moment soon it will be back to $12K.

Ranly123

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Quote from: coinocean03 on March 08, 2018, 05:35:48 AM

As all of you know that the value dropped from a solid $11.5k to $9.5 recently. Could BitMex, the trading platform for bitcoin on other cryptos, where some users who had difficulty logging into its platform be one of the reasons for it?

It has nothing to do with bitcoin price whether clients had difficulty in logging in because bitcoin price only fluctuates because of the supply and demand law on economics. Though some exchanges has more clients than the other they cannot even manipulate the pricing of bitcoin in the market.

rajuahmed330

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Activity: 450

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"Bitcoin Price Forecast: Russia Finalizing Regulations by July, Bitcoin Future Looks Safe" - This News Headline from profitconfidential.
So Maybe Good things waiting for us. Please be quite and just forget for 2-3 months about crypto market.
Bitcoin may Down $5k-$6k, and again market will recover.

palle11

sr. member

Activity: 2366

Merit: 332

The reason for this recent drop to my opinion is that people are selling off bitcoin (the short term traders) because they have seen some difference as gain from their investment. They are dumping and jumping out, grabbing some $4,000, $3,000 etc as gain.

must_have

newbie

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Quote from: First77 on March 08, 2018, 05:46:02 AM

It's going to $6,500 again.....

I think in isn't. Don't worry: keep calm and buy more bitcoins! It is preparing for growth up to 50000$ for one Bitcoin)You'll see!

Tipsters

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Quote from: coinocean03 on March 08, 2018, 05:35:48 AM

As all of you know that the value dropped from a solid $11.5k to $9.5 recently. Could BitMex, the trading platform for bitcoin on other cryptos, where some users who had difficulty logging into its platform be one of the reasons for it?

It could be. If they have trouble logging on then the trades they had on queue will be on hold for a long time. The effect of this is that they will be holding so much crypto whether it is bitcoin or any other tokens and that way of mass holding can greatly affect the price of bitcoin. I am sure that everything will be fine once the exchange site is fixed. They can move to other exchanges though but that will be irrelevant if they had already started their trade.

kevinzxz

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I do not think such a thing would happen, because the possibility is very small to make the bitcoin price back to $ 2000 and I think if the bitcoin price will go down at least the bitcoin price reaches only $ 6000.

matuson

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Activity: 420

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We have seen larger falls in the past. $ 2,000 is fine. Bitcoin can overcome them in a few hours. I am sure that this decline is due to the desire to buy the whales coins for beginners. They are not accustomed to volatility and often sell their coins. But they have few coins so they can not affect the price of bitcoin. Very soon, the price of bitcoin will rise to $ 12,000.

Kingofbitcoin12345

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Difficulties in entering or login in,, have no and won’t have any effect on bitcoin price as exchange only holds the coin and not spending it.. Dropping 2000$ on a market price have many factors as it is accumulated reasons of simultaneous bad propaganda and hacking incidents that create panic to new users/investors that have inexperienced on the 2017 attacks..

mevmike

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Quote from: coinocean03 on March 08, 2018, 05:35:48 AM

As all of you know that the value dropped from a solid $11.5k to $9.5 recently. Could BitMex, the trading platform for bitcoin on other cryptos, where some users who had difficulty logging into its platform be one of the reasons for it?

I won't be putting all the blame to this kind of situation wherein bitcoin's price will really fall down.
i guess its downfall today can be highly attributed to people selling their coins whenever they see a minor dip in the price.
they simply doesn't want to take the risk of it getting lower.

monchi

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I believe bitcoin will crash again. The overall trend is a bearish trend for me. This is part of the bitcoin price cycle, bitcoin will crash in the level where it will be really stable.
Maybe that time fewer and fewer people will still have trust in bitcoin and those people will be rewarded again when the price will peak again.

LSt56

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Quote from: btcwish1 on March 08, 2018, 06:14:43 AM

No one really knows what is going on and what is actually causing the drop for last 3 months!.

There are so many good news such as USA and Russia going easy on crypto. This itself should be enough to take it to Moon. But no!! BTC price is just going down. If it increases 5% within few days it drops to 10%.

This is really strange and I am sure even the experts don't know what is going on and where BTC price heading.. $50k or $5k Huh

it's true I'm also curious about what's going on, after a remarkable rise at the end of last year and impacts to date the prices continue to rise and fall very conspicuously.

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