Market crash ? - page 3. | Bitcointalksearch.org

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: hugeblack on January 13, 2018, 12:39:31 PM

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

Bad news from South Korea effect in bitcoin price, the price will reduce for short time and back to rise normally "will effect in the weekly chart only".

crashing mean lost more than 40% of total value and this is only normally correction price.

Will it go back to 1USD =1BTC ? 1/1000,000 possiblity

South Korea has made a official statement already that they are not going to ban bitcoin. I think its pure FUD what we have seen in the last 2 days. Although it was nice to see the investors didn't dump their bitcoin because of this FUD.

Yes, crashing means 30%-40%, like we have seen when China closes its door last year.

And say what again? $1=1BTC? Where the hell did you based that speculation?

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: hugeblack on January 13, 2018, 12:39:31 PM

Bad news from South Korea effect in bitcoin price

No. If you visit the press section, you'll see an article where the government there says that there (at least in the short term) isn't such a thing as a ban or whatever related to that. If the initial round of fud had any effect on this market, the price would just shoot back up after the news that there won't be a ban. It shows that the market was basically unaffected by all this South Korean fud, which is a great thing, and that while South Korea is a very large player in this market. They managed to grow so large, that they can't be seen as a joke or insignificant country anymore. I just hope that South Korea will just force through regulations that are fair, and not just blindly put a stop to something they don't understand.

spadormie

sr. member

Activity: 840

Merit: 268

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

Bitcoin is crashing because of the correction it is suffering right now. It is suffering because it made its ATH last December. And just wait for a week or 2 the correction might finish.

A big no to 1 USD per 1 BTC. It will never go back in that one.

markint

member

Activity: 329

Merit: 14

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

The price of bitcoin is not crashing in any way. I think that unfortunately people got used to seeing a continuous rise throughout 2017 and do not understand that such behavior is absolutely unsustainable and sooner or later a major correction and a period of relative stability were necessary. But I think we should not worry too much about this situation, because it is only a pause before resuming its upward trend.

hugeblack

legendary

Activity: 2646

Merit: 3911

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

Bad news from South Korea effect in bitcoin price, the price will reduce for short time and back to rise normally "will effect in the weekly chart only".

crashing mean lost more than 40% of total value and this is only normally correction price.

Will it go back to 1USD =1BTC ? 1/1000,000 possiblity

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

I think the main reason for the bitcoin price crash is due to it high transaction fee and longer waiting time to transactions get confirmed.
But it is crazy to think like that 1BTC = 1USD.I hope it will never happen and bitcoin is still the expensive crypto currency.

YinShuiSiYuan

hero member

Activity: 1680

Merit: 505

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

This isn't a crash. Normal market behavior that the price fluctuates. There is Korea's issue, but there is not much impact on the market.
1USD = 1BTC I don't think it's possible.

arpon11

sr. member

Activity: 882

Merit: 282

Bitcoin has not clash rather it is reacting to the fake news that Korean financial regulations authorities is banning bitcoin and others cryptocurrency exchangers in the country. I can easily see that the corrections has started and one can easily make another round of investment by buying now. Cryptocurrency has become part of our economy and the earlier we realized this the better it will be for all of us. If we play with it opportunity will keep pass us by but if we accept the reality we would be among those that will make things happen in future.

DustyRah

sr. member

Activity: 530

Merit: 250

People always cry when the train has left the station without them. But when Bitcoin price is reasonable, they won't care about it and spend their time eating ice cream on the platform.

This is the good time to buy Bitcoin and HODL. Firstly, the whole news about futures is over. Next, Bitcoin transactions/fees are an issue. The news about China restraining miners as well as South Korea BS about shutting down exchanges etc is holding the price back.

Just saying that when the lightning network gets into play or Korean exchanges go back to normal, Bitcoin may surge over $20k. Don't cry about being left back on the station holding a cheap ice cream.

BTC is taking a very healthy break and be careful, it will surge like a MOFO on any type of good news that comes along this year. Buy when you get a chance and HODL, don't try to play the market, this market is on crack right now and NO ONE can play it.

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

1 USD = 1 BTC!! Nope, that's never gonna happen. It will take 150-200 rounds of trading of same Bitcoin so its value get depreciated by 99.9934% from 15K to 1 USD. I don't think it would ever happen that 150-200 traders in a row will buy high and sell low.

Current market crash was just temporary one like we seen 1001 crashes in last 8 years. Roll Eyes

Chill! Bitcoin isnt going anywhere down, it is just resting.

marcbitcoins

full member

Activity: 854

Merit: 108

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

This was due to the Prime Minister of South Korea declared that they will ban the use of all digital currencies in which resulting Korean investors to become afraid and decide to dump their coins than it will become no more use or no more value in their country. We just hope that the PM will change their mind and will continue to support bitcoin.

Harlot

hero member

Activity: 1806

Merit: 672

It is just a minor correction and not a crash which was greatly timed by the news about the Korean Government banning cryptocurrency exchange which was quickly corrected that only illegally operated ones will be banned and shut down. But if you really know trading you won't be asking this kinds of questions as you will know the answer to your question. And for your thought that Bitcoin will head back to having a dollar value I don't think so, with the cryptocurrency market growing many people will take the chance to ride even if its priced at 7,000$ by now or even at 10,000$

lablab03

full member

Activity: 1064

Merit: 112

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

as the matter of fact because of the demand of supply in the market which is the common reason why bitcoin price increasing and decreasing. Which the price will drop when some of the bitcoin holders sell and the price will increase when more bitcoin still holding or more investor will adopt bitcoin. And about your question bitcoin will go back to 1USD=1 BTC? Well mate its impossible to go back on that stage since bitcoin is so expensive nowadays.

Drixy

full member

Activity: 168

Merit: 100

reading.......

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

Man too negative about it. We know it wont be possible as that many Bitcoiners from the past years have invested on Bitcoin but failed to redeem their money and others hot hacked or lost their keys or pass to their wallets. And it is not likely to go around $1 once again.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

The value of bitcoin is very solid right now and I don't think it will not drop back to the $1 dollar so don't be scared and if this is because of the news in the main stream and social media about bitcoins getting ban on different country and that many investors are switching to Altcoins I think this is all FUD that really want to scale the value of bitcoin just don't believe and hodl in your bitcoin because when bitcoin momentum gets back you will be surprise of another bullish trend it can make.

Skieleton

sr. member

Activity: 686

Merit: 282

Quote from: alfwat on January 12, 2018, 12:18:15 PM

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

BTC is uncertainty all the time. Negotiations are very positive this year, but everything is possible. It seems to me that 1 $ exaggerates ...

lenarichi

member

Activity: 112

Merit: 10

bitcoin fell 4,000 dollars in four days due to bad news from China and South Korea alone, where they are going to ban e-currency trading on exchanges.South Korea is the center of crypto-currencies. It is here that 20% of all world bitcoin transactions occur, while prices on South Korean exchanges are usually 30% higher than the world average. Local authorities are angry that crypto-instruments do not pay taxes, so fighting with them is serious. The police have already repeatedly searched the stock exchanges engaged in trade in crypto currency, and simply in every possible way tries to interfere with them. It is possible that the whole of 2018 will be under the sign of pressure on the e-currency by state regulators and attempts to control the conditional bitcoin. After all, any fluctuation in the market for knowledgeable people promises a serious profit

btcmayumana

member

Activity: 168

Merit: 10

Quote from: zxl912157 on January 12, 2018, 12:48:38 PM

I heard this was a result of the Korean issue of closing the trading exchanges there. but it has been clarified that it is a lie.
I am sure BTC will rise again.

This seems to be coming true. Reported from https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html
'South Korea's justice minister said that the country is preparing a bill that will ban all cryptocurrency trading'
Such an issue once occurred when China began to resist the same thing, but the market responded with this negative sentiment of news and Bitcoin prices continued to rise until the end of November, 2017. Could be this will happen again, we're still waiting what will happen soon.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: zxl912157 on January 12, 2018, 12:48:38 PM

I heard this was a result of the Korean issue of closing the trading exchanges there. but it has been clarified that it is a lie.
I am sure BTC will rise again.

The market wouldn't have been hit THIS badly and over such a long period of time if it was because of something as minor as the SK government saying they were slowing trade. I would expect that there is a much higher chance that this is the market slowing itself and returning to what should be "normal" for Bitcoin after a crazy few months where absolutely everyone was trying to invest in cryptocurrencies in some form or another. SK would have had an impact, and maybe that's what the $14k to $13k drop was, but that has recovered, mostly, by now. I'm not saying that South Korea isn't significant, but I don't think it is as significant as people are trying to paint it as.

cryptodzoni

newbie

Activity: 84

Merit: 0

Quote from: roderickniklas on January 12, 2018, 12:50:03 PM

I think the bitcoin will not go back to the price of 1USD = 1BTC as you say. maybe for now bitcoin does not happen rapid price movement for now due to new year yesterday already many who do the sales and use it for life in real. so I think for a while bitcoin will not happen movement. but it's not forever and declining because of enthusiasts, bitcoin lovers will come back me to play it back.

That, my friend is not possible. Dont panic, this is just a market correction. Everything will be fine soon. This is perfect time for buying

Topic: Market crash ? - page 3. (Read 726 times)