Due to recent did news like China banned cryptocurrency entirely and Indias finance minister statement made in budget misinterpreted by the media and US Senate hearing.
All came at once. So Bitcoin reached its bottom on Feb 6th but renounced
Topic: Reason for bitcon fall - page 2. (Read 250 times)
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?
Obviously a lot of country are banning bitcoin and i guess this is the main reason why the bitcoin is market value is going down and for that reason negative new about bitcoin is also coming out that persuade a lot of holders to seel their bitcoin causing a panic selling and as it continue to goes down a lot of holders panic sell their bitcoin meaning as they sell their bitcoin the market will be dump more because of their and continue to a cycle thats why the bitcoin go down.
I don't try to realize the reasons behind fall or rise, I do only that all of the people invested in cryptocurrencies now are going to get what they deserve probably in 2 years. Bitcoin will fall more, this is very clear I can't be optimistic about that.
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?
nobody can help you identify the reason because there was no "fall" as you said to have a reason.
price is currently at $8300 according to Bitsamp and the changes in the past 72 hours (3 days) are less than 7%. you can not call this "continuation of the fall"!!!
It may continue to fall if it fails to break above $10k soon. It failed to break $9k so this is a bad sign for the bulls.
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?
nobody can help you identify the reason because there was no "fall" as you said to have a reason.
price is currently at $8300 according to Bitsamp and the changes in the past 72 hours (3 days) are less than 7%. you can not call this "continuation of the fall"!!!
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?
You will have to go back more than 2 months and realize that it really wasn't a fall. December and January were outlier months, with the price shooting up from under $10k to $20k and then correcting violently. Other developments, like launch of futures and correction in equity markets also contributed to the drop. Now we are witnessing mostly sideways movement.
As far as I know, there are huge companies whom are onto crypto-tradingand those who circulates it had been hacked which cause a drastic downfall to Bitcoin price and exchange.
Market recession is the main cause of fall in bitcoin price ...
And the other reason is hacking..
And the other reason is hacking..
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?
As others are saying Chinese New year is about to come so there are beliefs that this is due to it and plenty of Chinese are cashing out just to spend it for that upcoming event. AFAIK, it's part of their belief and culture that every start of the year there should be plenty of money on their side, pocket just to make this whole year prosperous. 
besides because chinese new year, maybe many people are traumatized by the decrease of bitcoin price, maybe they prefer to wait for bitcoin price down again, then they will buy bitcoin. many causes of the rise and fall of bitcoin prices. but I think the bitcoin will not go down again to $ 6000...
Can one help identify the reason for the fall?
Maybe the recently hacked crypto exchange (BITGRAIL) that hacker stole 170 million dollars news or just a profit taking strategy by the whales so the Bitcoin and Altcoin price fall
, just my opinion 
many prediction from pros it will continue drops till 7k-6k, maybe after chinese new year it will back to the bull
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?
If we compare, then there are more negative news around the bitcoins than positive which affected the price and created uncertainty in the market . Below are few examples of negative news for your reference.
Recently china announced to complete crackdown on crypto exchanges;
https://technode.com/2018/02/05/china-ban-block-cryptocurrency-trading-at-home-abroad/
then they announced that banks should stop financing the crypto projects.
http://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency
India announced to curb the illegal use of cryptocurrencies.
https://www.theregister.co.uk/2018/02/02/india_to_ban_cryptocurrency/
France and germany are also demanding to clampdown the cryptos.
http://www.telegraph.co.uk/technology/2018/02/09/france-germany-demand-bitcoin-clampdown/
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?
Jump to: