Can you explain why BTC price is going down now?

timerland

hero member

Activity: 1526

Merit: 596

Quote from: wipeout0 on February 24, 2018, 06:10:54 AM

Could you please explain???

I can't understand why....

There is no one single reason for this bear run.

You can't just say that there is one sole reason for market volatility happen. It's an open market, anyone can trade. Doesn't have to be some huge news coming out of some news source to trigger a panic sell off.

Right now, we're just seeing a correction coming off of a huge run up to $12k. That's only normal. We're still 50% above the all time low for the year. We're going to consolidate at $9k-$10k and most probably, get a decent run up to $14k+ once again.

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: wipeout0 on February 24, 2018, 06:10:54 AM

Could you please explain???

I can't understand why....

Up and down in bitcoin's price is a natural thing , and also if we can participate in every fluctuations of bitcoin's price then we can make definite amount of profit ( but that needs skills that anyone can own easily ) .
If we will try to analyse it in technical way than we can see that we seen the resistance at 1btc=11400$ and after that there was small dump in price and this will remain until the market cap will reach to 550b ( currently is 430b ) and after reach at 550b it will again try to get up and surely it will up because there always exist a type of buyers and sellers supporters at the both end ( these are those traders who take advantage of dump and also of pump ) .
So wait for week because it will again starts to grow and may be this time chances to be cross 12000$ atleast per btc .

iryboy

member

Activity: 210

Merit: 10

Quote from: wipeout0 on February 24, 2018, 06:10:54 AM

Could you please explain???

I can't understand why....

There are different reasons, but I think normally people get panic when price drop makes it more downtrend. IMO BTC will back to $20 range in Q2-Q3.

Ravenz

newbie

Activity: 34

Merit: 0

The bitcoin price drop was caused by investors monitoring the warnings from some regulators and increasing crackdowns on the virtual currency market in China.

Cofee mix

member

Activity: 112

Merit: 12

Assignments Trading Platform

Quote from: wipeout0 on February 24, 2018, 06:10:54 AM

Could you please explain???

I can't understand why....

This decline caused the investors who monitors warning from a number of regulators and increasing the clampdown to the market currencies virtual in China.
A decrease in this seems caused the lack of the buyer in Asia,” said Die Greenspan, analysts senior in eToro.He explained, Japan and South Korea usually dominate trading on the market currencies virtual. However, in the past few days, volumenya reduced, where on the day is a decrease in the second volume of the country down 30 persen.Korea South was reported the middle of the rules to ban the trade currencies virtual last week. This makes the price bitcoin and a number of some other virtual dropped dramatically.

franky1

legendary

Activity: 4410

Merit: 4788

in 1984. a japanese bitcoin prophet predicted what the price of bitcoin would do 30+ years ahead, and he done this while painting a fence
click the imgur link to see the punchline
https://imgur.com/UfxyGcU

trecore4

sr. member

Activity: 658

Merit: 260

CryptoTalk.Org - Get Paid for every Post!

Might be some sort of correction or fork that might be coming in the near future. It is not big concern though because this type of downwards is what make the bitcoin stronger as we get more and more investors into it at low prices. The big whales will surely be investing huge at this point and that is what makes up the new ATH market cap. So lets enjoy the dip that is coming in. This is not happening for the first time and we already had two dips. You can just make swing trade at this point and earn some profits. I think thats the best way to look at it. No need to panic. Tongue

kurt1212

newbie

Activity: 91

Merit: 0

Quote from: wipeout0 on February 24, 2018, 06:10:54 AM

Could you please explain???

I can't understand why....

It because of those users that selling their bitcoin to tother users so bitcoin price is really getting low or down because they do sell their bitcoin and because of bitocin high pirce.

wipeout0

newbie

Activity: 137

Merit: 0