Topic: Here’s Why Bitcoin Just Dropped Nearly 4% - page 3. (Read 549 times)
I think this has nothing to do with the decline in bitcoin today, there may be certain factors that cause price reductions, because we know Google is currently launching a current account product that works with banks and credit unions, this is certainly very crazy if you declare a decrease in bitcoin which is caused by Google's new checking account because basically bitcoin has nothing to do with the banking system and other government financial systems.
First if all, decreasing or increasing 4% on any stock price is normal. In cryptocurrency, it's more normal than stock. Therefore, I wouldn't compare it with anything. We very often see such percentage of price gain or loss.
On the other hand, Google's Cache is a competitor of Apple Card, it has nothing to do with Bitcoin or cryptocurrency. Both these terms are very much different. You are spreading some shit propaganda, to be honest.
On the other hand, Google's Cache is a competitor of Apple Card, it has nothing to do with Bitcoin or cryptocurrency. Both these terms are very much different. You are spreading some shit propaganda, to be honest.
Every time Bitcoin's price makes a rapid movement, crypto media will immediately try to tie it to some event that happened recently. If you look at the charts, Bitcoin was under bearish pressure for weeks - it failed to break past the walls at $9k and since then was defending its current positions. A lot of analysts have predicted that Bitcoin will soon plunge further if it fails to sustain the key $8,500 level, and this is exactly what happened. These Google news are really irrelevant to Bitcoin, it's just another centralized payment processor, it's not a direct competition to Bitcoin.
Do you think bitcoin price drop should always give reasons? I would like to assume that this is purely due to market demand, but I guess it's hard at the challenge because the increase and decrease in bitcoin price is always linked to the news in circulation and somehow it seems to be true.
the graph shows bitcoin is still in a bearish condition, some level of price increase does not trigger an accumulative direction and makes many traders finally change their minds to at least return to a point below $8000.
there is no fundamental influence on the BTC sharply, even after China began to have an attitude towards the blockchain and not enough to bring up a long trend.
there is no fundamental influence on the BTC sharply, even after China began to have an attitude towards the blockchain and not enough to bring up a long trend.
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Everyone wants to have a piece of the fame of bitcoin. But honestly speaking it's not going to effect bitcoin at all.
Why a company is doing something will effect bitcoin is beyond my imagination. People are too much paranoid about bitcoin that they like to connect bitcoin with anything out there.
Who give a F**k what Google did?
Please stop spreading these kind of low level articles from some random sites and twitter/facebook are full of ignorant people who really do not have any idea about bitcoin or crypto but they like to show the world that they know a lot.
Blind is following the blind.
Why a company is doing something will effect bitcoin is beyond my imagination. People are too much paranoid about bitcoin that they like to connect bitcoin with anything out there.
Who give a F**k what Google did?
Please stop spreading these kind of low level articles from some random sites and twitter/facebook are full of ignorant people who really do not have any idea about bitcoin or crypto but they like to show the world that they know a lot.
Blind is following the blind.
Some have suggested that the news of Google’s new checking account, Cache, could be a potential culprit. Called a ‘Bitcoin killer’ by some, the tech giant’s new offer would allow users to have GooglePay dedicated Citigroup checking accounts.[/i]
How is a checking account even going to compete with bitcoin though? They're in different categories. To add to that, are people even still being sold with the "bitcoin killer" to hype up a project? There have been so much "bitcoin killers" throughout the years and nothing has even came close to killing Bitcoin.
It's just the usual drop before the end of the year. Google launching any kind of "banking" product does not really have an effect on Bitcoin, from what I've read about it, it's just an Apple Card competitor, nothing less, nothing more. Not to mention that it's just "announced" there's still a long way. Until it's released.
Bitcoin traders woke up to some bad news Monday morning, as the price of the coin dropped by nearly 4%. The move brought the price down below the previously held support at $8,500 and left many wondering what caused the struggle.
Some have suggested that the news of Google’s new checking account, Cache, could be a potential culprit. Called a ‘Bitcoin killer’ by some, the tech giant’s new offer would allow users to have GooglePay dedicated Citigroup checking accounts.
For the full news, continue reading here
Do you guys agree about this kind of reason why Bitcoin dropped nearly 4% as of now? I know that there are many factors or reasons behind this, but I am not really sure if Cache is actually doing this.
Same thing goes for the bull run or price spike. We can't tell exactly the true reason behind the sudden price changes.
What are your thoughts or opinions about this one guys? Would like to hear you out, and I'll appreciate it. Thanks!
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