Yes there is no major negative news but sometime community mouth marketing also leave bad impact.Another main reason a group of whale massively withdraw or inject the investment market fluctuate and no one can predict the next step of whale.Overall we need to hold with patience and be patient because its part of market sooner or later market will be green.
That's right, sometimes mouth marketing can really leave or gives a bad impact but this is actually depends in the set of mind of the people. We as a people has a ability and capabilities to decide whatever we wanted to believe or not even there are a lot of news sorrounding to us. However, in this field downfall is typically normal thing and it making sense that it can be our best opportunity to buy some more bitcoin so it can be much benefited to us in the near future. 
Topic: Possible reason why Bitcoin price is decreasing for last few days - page 3. (Read 480 times)
June 11, 2018, 10:29:03 AM
June 11, 2018, 10:27:53 AM
I think it's just because it's a bear market, and all the tokens are always going down.
So you don't have to guess where the price of the token is going, because people don't have enough confidence, so it's perfectly normal to go down.
So you don't have to guess where the price of the token is going, because people don't have enough confidence, so it's perfectly normal to go down.
June 11, 2018, 10:22:57 AM
Quite probable. The important thing is that bitcoin will sooner or later re-enter the growing trend
June 11, 2018, 10:13:53 AM
There is no exact reason behind this decline but we can surely predict the possible reasons why this happened.
It might be because of the recent south korean exchange hack . Coinrail is the 99th top most crypto exchange which got hacked recently leading to a losses of about $30 million. Media says that this was the reason behind the Bitcoin price fall whereas there are people saying that it was because of the probe launched by the US regulators to identify the price manipulation, which made Bitcoin fall below $7k
It might be because of the recent south korean exchange hack . Coinrail is the 99th top most crypto exchange which got hacked recently leading to a losses of about $30 million. Media says that this was the reason behind the Bitcoin price fall whereas there are people saying that it was because of the probe launched by the US regulators to identify the price manipulation, which made Bitcoin fall below $7k
June 11, 2018, 10:05:32 AM
The fall in bitcoin prices in the past few days has no negative news about bitcoin but I think it is likely that many people are selling bitcoins and withdrawing their money for vacation and can also be deliberately dumped by big investors to make cheap bitcoin prices and they can get bitcoin more at a cheap price.
June 11, 2018, 09:50:00 AM
This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.
I don't believe this. There are some logical questions which arise in my mind reading this post.How come all of a sudden these "next genereation ASCIs" came into existence and people already started mining BTC with it.
If at all they were such profitable I am sure the news would have gone mainstream but no it hasn't and so I don't think this is the right reason for the current decline.
P.S : If at all people got so much profit out of it, why would they sell it when they can get more money for it holding it and then selling it in the future ?
June 11, 2018, 09:34:06 AM
I think its because Eid Mubarak, i think many moslems sell their bitcoin and others cryptocurrency to fiat to buy things for eid mubarak day
June 11, 2018, 09:30:39 AM
Yes there is no major negative news but sometime community mouth marketing also leave bad impact.Another main reason a group of whale massively withdraw or inject the investment market fluctuate and no one can predict the next step of whale.Overall we need to hold with patience and be patient because its part of market sooner or later market will be green.
June 11, 2018, 09:02:00 AM
I do not know the exact reason but the price of Bitcoin and the altcoin is falling sharply! All my altcoins are discounted more than 70% from the time of purchase! I hope the market will recover soon1
June 11, 2018, 08:57:03 AM
That is one of the reason that affect to bitcoin price, but sometime there is bad news also that make the investors doubt to hold bitcoin, therefore, before the price are down again, they prefer to sell their bitcoin than hold it.
June 11, 2018, 05:58:48 AM
The only negative news I saw is that an unknown exchange in Korea was hacked
June 11, 2018, 05:48:14 AM
As Bitcoin executives, they hold a large amount of Bitcoin so you can understand them at the same time they discharge everything they have, resulting in Bitcoin prices dropping in the past few days.
there is a better chance that this recent drop was because of the exchange that was hacked recently. it was a small and irrelevant exchange that nobody cares about but the FUD is always there and strong which can cause the panic and crash the price like this.
Maybe there are many bitcoin user choose to hold their bitcoin than investing it or using it as money, because if the demand of bitcoin is decreasing the price is also decreasing.
Increasing momentum, Bitcoin will reduce to some extent and return to its upward momentum
This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.
this doesn't even make any sense and you are wrong about some parts. i made them bold.
first is the fact that there was only talk about a big company in Japan releasing their new ASIC that they claim is more efficient than Bitmain's ASICs. i don't think it has reached any "farms" (not pools) yet.
second even if they already have it and it costs less for them to mine bitcoin that still doesn't mean they are going to sell it for less! that is not even a logical human behavior.
imagine this, you are in a signature campaign and lets say they pay you 0.01BTC per week which you sell. if next week they pay you 0.015BTC and price is $7500 will you sell your coins for $6000 per bitcoin? then why do you think miners will sell it for anything lower?
This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.
I think this is not the right reason for itAs far as We know that mining tools continue to grow, the new product come with greater specifications but until now it is not a problem because Bitcoin mining difficulties also continue to grow and not all miners make sales when they get mining results
I have read the same thing on facebook a while ago so I guess that can be a reason. But I have also seen another reason for this. Have you heard the mysterious Asian whale?
Huge Bitcoin Whale With 94,000 BTC Transfers Crypto Onto an Exchange, Rattling Nerves
Many are worried about it if this whale will sell all of those transferred coin to an exchange, surely it will make an impact negatively to the price.
Huge Bitcoin Whale With 94,000 BTC Transfers Crypto Onto an Exchange, Rattling Nerves
Many are worried about it if this whale will sell all of those transferred coin to an exchange, surely it will make an impact negatively to the price.
This was not a question and let me give the possible reason. There is no major negative news and thus it is not because of it. There are next gen of ASCIs which had made mining easier. These are being tested by some pools and cost of mining btc is reduced because of this. They can thus sell for less and thus prices have reduced.
Why does it matter? What matters today is that not many people are willing to transact and transfer money with bitcoin that easily. We should more focus on how people see bitcoin and if they are going to be part of it. The more people join they will pull their friends and when they pull their friends to buy then the party is starting and price increases. It could be due to mining but don't forget that we are going to have another halfing and no matter how easier it is to mine when halfing comes it will be harder to mine them which means higher price. Look for long not short.
Quite probable. The important thing is that bitcoin will sooner or later re-enter the growing trend. And at this point you need to be ready, buying bitcoin at today's prices. This is my personal investment strategy.
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