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Topic: reason behind today's bitcoin price fall (Read 1085 times)

full member
Activity: 364
Merit: 130
September 05, 2017, 09:10:25 AM
#32
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?
I think that we have seen the bottom for this month already, unless some other bad news gets released for instance another country planning on outlawing the participation in ICOs or an exchange shutting down or getting hacked.
Price is currently at $4250, relatively stable around there. I wouldn't mind if it settles at this level at all.
I think thought that we are going to bounce back ot at least 4400 per bitcoin by the end of the month. ICOs aren't that important to the functioning of bitcoin at all, it is simply an investment game that people play. Sooner or later people are going to realize that.

well, it's bad luck for me to see what happen in china that they have banning the use of ICO, while I've just investing in one of ICO . But its just in china right? and that is one of the reasons why the price of all crypto currency are falling. I agreed with your thought that there's no important relation between ICos  and bitcoin, and this dump should not happen for long time I hope.
legendary
Activity: 1414
Merit: 1001
September 05, 2017, 09:03:32 AM
#31
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?
one of the most influencing factors today is how the Chinese government's attitude towards ICO in circulation. with regulation and also the revocation of permits, the confidence of some investors against bitcoin to decline. this is the impact that currently affects bitcoin, but there has been a modest increase and bitcoin is now starting to leave  4200$, hopefully we will easily surpass 4500$ in the next few days.
sr. member
Activity: 864
Merit: 284
September 05, 2017, 08:57:46 AM
#30
The reason is because in Chine ico will be ban. And it make market shocked. But i believe that bitcoin can increase again because before when there is issue that bitcoin will be split into to bitcoin fall but after that bitcoin price rocket very fast.
sr. member
Activity: 2016
Merit: 283
September 05, 2017, 08:50:25 AM
#29
There is nothing to worry. China banned ICO, but it will not have any consequences. Yoi only can buy Bitcoin a bit cheaper a few days. That's all.
yeah thats true nothing to worry about this issue cause this tragedy always happened even before. Even its fall deeply,   we need to buy bitcoin cause this is the chance to buy a coin with a cheap price. And sell it in a high price if bitcoin climbed again in a high rate..
sr. member
Activity: 378
Merit: 250
September 05, 2017, 08:15:13 AM
#28
I actually thought China banning ICOs was good news for bitcoin, thought that people would move their positions into it, but it seems like people either sold all together or didnt know about the news. I would guess this is just a correction with many people selling off on news because they were jittery to sell to begin with.
hero member
Activity: 1288
Merit: 524
Buzz App - Spin wheel, farm rewards
September 05, 2017, 08:05:37 AM
#27
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?

This fall is because to the chines decision of banning ICO in China. Another reason is panic selling and most of the people now assuming that the price will decrease in future  due to chines decision.
sr. member
Activity: 434
Merit: 252
September 05, 2017, 07:18:56 AM
#26
We have seen huge speculative transactions. Now the price will rise to $ 5,000. Whales bought bitcoins at $ 4100 and now will sell you for $ 5100. For those who have the money to buy bitcoins now last chance. The window of opportunity is already closed.
hero member
Activity: 560
Merit: 500
September 05, 2017, 06:00:10 AM
#25
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?
The falling price is btc is not caused by any reason. It is just normal to see any cryptocurrency to dump or do a correction a little bit after having a huge price because people tends to dump at the current price levels we have now. I also wouldnt be surprised if there would be another dump but probably there wont be another one. It will go stable for a moment and bounce back later on so I think it is a pretty good opportunity to buy now.
sr. member
Activity: 2170
Merit: 254
September 05, 2017, 05:46:20 AM
#24


I think that we have seen the bottom for this month already, unless some other bad news gets released for instance another country planning on outlawing the participation in ICOs or an exchange shutting down or getting hacked.

Price is currently at $4250, relatively stable around there. I wouldn't mind if it settles at this level at all.

I think thought that we are going to bounce back ot at least 4400 per bitcoin by the end of the month. ICOs aren't that important to the functioning of bitcoin at all, it is simply an investment game that people play. Sooner or later people are going to realize that.
[/quote]

Price is for the moment, like in the comment above, varying around 4150-4250$. It was quite a big fall, but it never fell down below 4000$.
I think price will not fall in the near future below 4000$. I am curious to see how markets will react the follwing days
hero member
Activity: 1526
Merit: 596
September 05, 2017, 05:43:24 AM
#23
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?

I think that we have seen the bottom for this month already, unless some other bad news gets released for instance another country planning on outlawing the participation in ICOs or an exchange shutting down or getting hacked.

Price is currently at $4250, relatively stable around there. I wouldn't mind if it settles at this level at all.

I think thought that we are going to bounce back ot at least 4400 per bitcoin by the end of the month. ICOs aren't that important to the functioning of bitcoin at all, it is simply an investment game that people play. Sooner or later people are going to realize that.
full member
Activity: 854
Merit: 100
September 05, 2017, 04:18:39 AM
#22
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?
They say it was from the news that China banned ICOs recently. Last time I checked it was around $3800. I don't know but I hope it would go down so I could buy more when I will have new funds. Smiley
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
September 05, 2017, 12:40:28 AM
#21
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?

With the current issues that crypto world are facing now really impacted the price.
We're now in $4000 and it'll go down maybe until $3800 and hope after the crash there will be a good bounce back.
Many are sudden by this but I think there's nothing to worry as this is all usual if you've been here for years.
Hope after this week we see some green days again in the market even it recovering slowly.
hero member
Activity: 924
Merit: 506
September 05, 2017, 12:34:57 AM
#20
Don't worry, north pole and south pole of crypto are melting down slowly causing the ocean levels to rise like never seen before Cheesy remember when it was playing around $2000/$2800 a few months ago? when I look at it all I can see and actually feel about the market movements it gives me the same chills like before, first it'll dump hard and might even dump down to sub $3000 but it'll rise in matter of hours and all will remain is our sad little faces regretting that we didn't buy some more. for small time investors like me these fluctuations are more like wave boarding.
sr. member
Activity: 476
Merit: 250
September 05, 2017, 12:27:27 AM
#19
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?
I do not know why this affects or not, but the decline in bitcoin prices at the same time when the information emerged that China issued the rule that ico is illegal. BTC price is now $ 41000 I think it is normal, and I am sure will bounce back in the near future.
full member
Activity: 264
Merit: 100
TV TWO - Connect your TV to ETH Blockchain
September 04, 2017, 10:55:56 PM
#18
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?

bitcoin falls because there is isue from china that prohibits ICO-based coin and makes ICO illegal in its country, this is probably one of the causes of all coin collapse not just bitcoin alone. and maybe bounce back is soon maybe next moon.
Yes may be that's the reason but I think the another reason is it hit almost $5000 and many people thought this is the best time to take profits. It's a psychological effect. I think a pullback is definately needed for the growth of the coin. Because of the Bitcoin price alts also went down so low.
full member
Activity: 476
Merit: 100
September 04, 2017, 10:46:33 PM
#17
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?

bitcoin falls because there is isue from china that prohibits ICO-based coin and makes ICO illegal in its country, this is probably one of the causes of all coin collapse not just bitcoin alone. and maybe bounce back is soon maybe next moon.
full member
Activity: 154
Merit: 106
September 04, 2017, 10:00:00 PM
#16
I wonder why it's getting dumped that much at Bitfinex, but at GDAX it seems more...let's call it 'stable'. There is a 300$ price difference already!! At Bitfinex it was even below 4000$ for some time.
full member
Activity: 961
Merit: 110
SweetBet.com
September 04, 2017, 07:17:53 PM
#15
China has banned ICOs
hero member
Activity: 1540
Merit: 507
September 04, 2017, 05:30:54 PM
#14
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?
$4000 should be the bottom for the bitcoin price, and i can say this time the bounce back already happened and if you are buying the bitcoin yesterday and you will able to accumulate your profit. That was a nice profit caused by the bounce back of the crypto price.
jr. member
Activity: 54
Merit: 1
Crypto Enthusiast and Software Developer
September 04, 2017, 04:12:58 PM
#13
this might actually be good news for crypto currencies in long term view. there were too many fraudulent ico's, specially in china...
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