reason behind today's bitcoin price fall

zarados

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Quote from: timerland on September 05, 2017, 05:43:24 AM

Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

BlackPanda

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

Deborah Christine

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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.

Ararbermas

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Quote from: Maum on September 04, 2017, 04:07:52 PM

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..

andrew24p

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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.

jasonjm

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

Proton2233

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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.

Seansky

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

babygun

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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

timerland

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

Grim149x

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

Casdinyard

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

ImHash

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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.

deddod

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

bucksman5233

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Quote from: mia khalifa on September 04, 2017, 10:46:33 PM

Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

mia khalifa

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

Zeix

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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.

sweetbet

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China has banned ICOs

VanDeinsberg12

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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.

without

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this might actually be good news for crypto currencies in long term view. there were too many fraudulent ico's, specially in china...

Maum

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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.

Question123

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The price down at $4300 and for sure it back bounce and it will reach again more than 5k dollars this month. If you see the price of butcoin decrease you can buy bitcoin with your own risk. Because many people said also bitcoin will hit 5k again this september and more than 5k before end of this yeat 2017. So you can buy if you want it but its depends to yoi what its better

Cacingkemi

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When btc to the month of the estimated time is very fast, so there is a massive sale. I have predicted, if the price drops to 3800 $ now, then btc in this current year will rise up to 5500 $.

peter0425

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Quote from: Potato Chips on September 04, 2017, 03:06:39 PM

Quote from: avikz on September 04, 2017, 02:34:57 PM

Quote from: namjey on September 04, 2017, 01:40:59 PM

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?

That is due to the recent news of China's ban on ICO I believe. A news broke out stating that China has banned ICO as it is illegal way to raise funds. That is the reason, we are seeing rapid decrease in crypto currency market and not only on bitcoin.

You can check the news from below link:
https://www.reuters.com/article/us-china-finance-digital/china-hits-booming-cryptocurrency-market-with-coin-fundraising-ban-idUSKCN1BF0R7

However, I totally support the ban on ICO as it was becoming the next HYIP industry. The investments were also getting divided. I hope a lot of investment will now flow in to bitcoin post ICO ban in China.

the banning of ico's in China maybe on of the factors but i really do think that we the price correction will be happening soon or its happening now because

its just china vs. the whole world-- i mean its really popular now to the point that investors are very diversified. and yes ico's are becoming a new way to scam

people but i really do think that we should ban them everywhere. instead a strict regulation will do like what US SEC did, you can search for it

China and South Korea have already made their announcement regarding ICO and I believed that this really had a bad side effect to the price now. But resistance to $4000 is very strong so I doubt it will go down below that. Let see how this pans out. Maybe a lot of Chinese investor waking up and getting shock that's why they panic and sell. But for more that effect would be widely felt in the altcoin as well because ICO are offering those coin as investments as well. It make sense though so that we can curb fake and scamming ICO, however even trusted and genuine ICO will be affected by this negative news. Again, let see how it goes.

Potato Chips

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Quote from: avikz on September 04, 2017, 02:34:57 PM

Quote from: namjey on September 04, 2017, 01:40:59 PM

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?

That is due to the recent news of China's ban on ICO I believe. A news broke out stating that China has banned ICO as it is illegal way to raise funds. That is the reason, we are seeing rapid decrease in crypto currency market and not only on bitcoin.

You can check the news from below link:
https://www.reuters.com/article/us-china-finance-digital/china-hits-booming-cryptocurrency-market-with-coin-fundraising-ban-idUSKCN1BF0R7

However, I totally support the ban on ICO as it was becoming the next HYIP industry. The investments were also getting divided. I hope a lot of investment will now flow in to bitcoin post ICO ban in China.

the banning of ico's in China is maybe one of the factors but i really do think that the price correction will be happening soon or its happening now because

its just china vs. the whole world-- i mean its really popular now to the point that investors are very diversified. and yes ico's are becoming a new way to scam

people but i really do think that we shouldn't ban them everywhere. instead a strict regulation will do like what US SEC did, you can search for it

carlerha

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Quote from: Dart18 on September 04, 2017, 01:53:29 PM

But it doesn't go below $4000 and I think that is all the reason we need to trust it and buy more. Maybe this is a good opportunity to buy while it is down with 100 or 200 dollars. It is not easy to look for this kind of chances since it is getting more expensive as time goes by.
I would rather make it as a positive reaction than being blue and letting panic take over.

yes that is right that bitcoin has a very strong support at 4000$ and the investors are not letting it down any more. so I am sure that bitcoin will start increasing its price very soon because still the bitcoin investors are increasing from time to time and hope that this increasing will continue for a long time then the price of bitcoin reach to 10000$.

avikz

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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?

That is due to the recent news of China's ban on ICO I believe. A news broke out stating that China has banned ICO as it is illegal way to raise funds. That is the reason, we are seeing rapid decrease in crypto currency market and not only on bitcoin.

You can check the news from below link:
https://www.reuters.com/article/us-china-finance-digital/china-hits-booming-cryptocurrency-market-with-coin-fundraising-ban-idUSKCN1BF0R7

However, I totally support the ban on ICO as it was becoming the next HYIP industry. The investments were also getting divided. I hope a lot of investment will now flow in to bitcoin post ICO ban in China.

PlanZ

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China's Central Bank declared that initial coin offerings are illegal and that started the huge drop on NEO and Binance Coin, but still didn't understand how we ended up here just in a day. Bitcoin lost %7 but altcoins lost around %20...

DaMut

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there're no reason behind today's bitcoin in reality,it's all economy
do not worry about unnecessary thing my friend.
it's an economy cycle,when they're pushing the price up they're exhausting all of their money.
and when that time comes,of course they will sell some of their belongings to get more cash.
it can go down for bit by bit in the coming days,
nothing to worry about it.the reason price is falling because of them.
so chill,because another pump will begin soon.and i am confident we will see $5000 marks this month or next month.

Dart18

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But it doesn't go below $4000 and I think that is all the reason we need to trust it and buy more. Maybe this is a good opportunity to buy while it is down with 100 or 200 dollars. It is not easy to look for this kind of chances since it is getting more expensive as time goes by.
I would rather make it as a positive reaction than being blue and letting panic take over.

cubevtc

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Quote from: namjey on September 04, 2017, 01:40:59 PM

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?

in last 2 days btc have huge up down but in next 5 days will bee stable and up slow

namjey

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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?

Topic: reason behind today's bitcoin price fall (Read 1092 times)