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Topic: Bitcoin going down like mad! Why? (Read 229 times)

hero member
Activity: 910
Merit: 550
January 18, 2018, 11:17:05 AM
#14
It is because of supply and demand. And at first, if bitcoin's price down, be calm and dont be on rush. Do not panic. Everything happens for a reason and you must be responsible. Be patient and wait for the time that it will be settled again.
sr. member
Activity: 533
Merit: 251
January 18, 2018, 11:00:32 AM
#13
The jig is up, high transaction fees, slow transaction speeds. Its impractical to use Bitcoin and countries are all making plans to get rid of all crypto since its a natural threat to their economies.

I suggest everyone sell out quick before you lose your money and you are not left holding the empty bag at the end.
full member
Activity: 273
Merit: 100
January 18, 2018, 10:47:03 AM
#12
Do you guys have any idea why Bitcoin (and the other crypto) went down so much? Is it because of the South Coreea and China news?

Yes , I agree with that and probably thats the main reason why Bitcoin dumo this much last time, and some of the people I know believe that rapid dump of the currencies was the result of implementing the spliting of the remaining coins so we can continue earning here. I believe there is so much reason why the prices went down just keep working and always be optimistic type of person.
member
Activity: 308
Merit: 13
January 17, 2018, 06:32:38 PM
#11
Lot of FUD spreading. And Last few years January always has been a crypto bloodbath. Well people call it bloodbath. I see it as a little dip and a great buy opportunity.
I have been buying all evening. great chance to get in on coins you missed and now you get a second chance.  
hero member
Activity: 728
Merit: 500
January 17, 2018, 06:30:48 PM
#10
I do not think so, the price is heavily going down because there is a lot of manipulation behind the scenes. it wouldn't be surprising if we all discover that everything is being manipulated by China and the United States right now.
Do you guys have any idea why Bitcoin (and the other crypto) went down so much? Is it because of the South Coreea and China news?

For me, all this situation is going to get back to normality soon, i can not understand why a lot of people are very worried at the moment.

This is nothing, a dip is always healthy when there is a huge bullish trend.

full member
Activity: 474
Merit: 101
January 17, 2018, 06:30:02 PM
#9
Just a correction that happened exhaustively & News coming from Korea contribute to bitcoin back path too .
I don't see any abnormality within this , do you ?
jr. member
Activity: 112
Merit: 2
January 17, 2018, 06:29:29 PM
#8
Because everyone FUD... And its going bigger and bigger like a snowball
hero member
Activity: 686
Merit: 500
January 17, 2018, 06:26:40 PM
#7
That's a normal process going on in bitcoin market.It has already seen lots of ups and downs in it's price.Well china has already lost its significance in the bitcoin market but the changes in south korea would be one of the reason for such a fall in prices of crypto currencies.But the good thing is that instead of completely banning cryptos,south korea has decided to regulate cryptos which would soon have a positive impact on thecrypto market.
jr. member
Activity: 56
Merit: 30
January 17, 2018, 06:25:07 PM
#6
Actually i have no idea why bitcoin price is going down , may be some un reliable news from China and south korea are responsible for this incident.
member
Activity: 280
Merit: 71
January 17, 2018, 06:23:16 PM
#5
It is not for the first time and it will not be the last one. It is very normal. Correction was needed and it happened. Yes it is also because of South Korea and China news and asian new year.
member
Activity: 378
Merit: 19
January 17, 2018, 06:19:18 PM
#4
Bitconnect - a leading Lending project - went bankrupt, so a large portion of investors lost their capital and lost confidence in the crypto market. Their demand for BTC is also reduced as investors no longer need intermediate currency to participate in Lending. I think it is the main reason.
newbie
Activity: 35
Merit: 0
January 17, 2018, 05:55:48 PM
#3
Many similar threads are popping Embarrassed

Because many are selling BTC instead of buying. Basic supply and demand. Some concerns about banning of cryptocurrency in South Korea might helped the downtrend. Some are untiringly spreading FUDs that might've triggered panic selling.
member
Activity: 271
Merit: 10
January 17, 2018, 05:46:18 PM
#2
Historically Bitcoin has always gone up and down ...good time to buy  Smiley
member
Activity: 126
Merit: 11
January 17, 2018, 05:40:40 PM
#1
Do you guys have any idea why Bitcoin (and the other crypto) went down so much? Is it because of the South Coreea and China news?
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