This is not just the reason of decreasing the value of bitcoin. There are other factors also that affects bitcoin rate that we did not know. But for sure the less of demand of bitcoin is one of the reason why it is falling down.
Price from last year of bitcoin was so high and this month takes to go down for a big correction. Yes there are other factors to be considered why bitcoin has fell down big. It takes to fell down because of the huge price last year is I think of it needed for correction. But, as we know since bitcoin is like up and down we can see the price will regained. 
Topic: Reason for BTC price crash found! - page 4. (Read 982 times)
http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/
"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
How much the wealth of Venezuelan President Nicolas Maduro? ...
Please compare his wealth with the wealth of a group of greedy whales (owner of 40% btc) or you can compare it with wealth, the twins winklevoss (owner bitcoin) most In the world.
This isn't the reason, none of the news which has appeared in the last few days is the reason, the bleed out started before any of the news people are now claiming is the result, Let me just show you why this country will have no negative impact on BTC
Just look at how poor they are in USD value, don't need to say too much more.
Now a country, no matter how poor, if they can demonstrate blockchain working as a real currency, centralised or not.. this can only be good for crypto.
What you have on the forum right now is people providing reasons which don't align with the correction time frame, or they've just not done some simple maths.
The other types on here are calling it a correction, why? because it is! This happens every time we get a big bull run, Nov/Dec 17 = one of the biggest we've had.
History can show many scenarios where this has happened before, and the bigger runs = longer corrections, but history also shows that the market continues to grow each time.
Quote
Jan 4, 2018
Venezuelan President Nicolás Maduro announced a new increase in the minimum wage this year, but it’s only worth enough to purchase one a cup of coffee per day.
The new wage amounts to a daily income of 26,583 bolivars (US $0.26), which barely covers a coffee or a pie (20,000 bolivars US $0.2) at prices listed on December 31, 2017. Merely increasing the minimum wage won’t solve the economic problems facing Venezuela, which currently suffers from inflation of around 3,000 percent, as well as food and medicine shortages
An average salary in Venezuela is 248,510 bolivars (US $2.20). With additional food stamps of 549,000 bolivars (US $5.49), the salary is barely equivalent to eight dollars. The income situation in Venezuela is so poor that a person earning a minimum wage can only buy six percent of most basic goods, which exceeded 13 million bolivars (US $130) in November 2017.
Venezuelan President Nicolás Maduro announced a new increase in the minimum wage this year, but it’s only worth enough to purchase one a cup of coffee per day.
The new wage amounts to a daily income of 26,583 bolivars (US $0.26), which barely covers a coffee or a pie (20,000 bolivars US $0.2) at prices listed on December 31, 2017. Merely increasing the minimum wage won’t solve the economic problems facing Venezuela, which currently suffers from inflation of around 3,000 percent, as well as food and medicine shortages
An average salary in Venezuela is 248,510 bolivars (US $2.20). With additional food stamps of 549,000 bolivars (US $5.49), the salary is barely equivalent to eight dollars. The income situation in Venezuela is so poor that a person earning a minimum wage can only buy six percent of most basic goods, which exceeded 13 million bolivars (US $130) in November 2017.
Just look at how poor they are in USD value, don't need to say too much more.
Now a country, no matter how poor, if they can demonstrate blockchain working as a real currency, centralised or not.. this can only be good for crypto.
What you have on the forum right now is people providing reasons which don't align with the correction time frame, or they've just not done some simple maths.
The other types on here are calling it a correction, why? because it is! This happens every time we get a big bull run, Nov/Dec 17 = one of the biggest we've had.
History can show many scenarios where this has happened before, and the bigger runs = longer corrections, but history also shows that the market continues to grow each time.
This is not just the reason of decreasing the value of bitcoin. There are other factors also that affects bitcoin rate that we did not know. But for sure the less of demand of bitcoin is one of the reason why it is falling down.
lol that guy is great! "My country so powerful we crash bitcoin!"
All your base are belong to us!
All your base are belong to us!
Oh shit now I have to buy petro! Or am I to late???
lmao time to stock up on petro
It corrected because we were due for a correction... Not any specific scenario.
The global sentiment and temperature of the crypto community was "We will probably correct soon" and thats what happened.
Most people feel we will jump off the 8k low and see new all time highs within the next few months.
I expect this to happen.
Keep your finger on the pulse and study a vast range of sources to understand the global sentiment.
The global sentiment and temperature of the crypto community was "We will probably correct soon" and thats what happened.
Most people feel we will jump off the 8k low and see new all time highs within the next few months.
I expect this to happen.
Keep your finger on the pulse and study a vast range of sources to understand the global sentiment.
As far as I know, the Korea Financial Supervisory Commission (FSC) has confirmed the ban on uncontrolled transaction accounts. The Securities and Exchange Commission (SEC) said it had received a court order to freeze the assets of an ICO deal with $ 600 million raised. These are the reasons why the entire cryptocurrency market has fallen sharply over time. In addition, the Asian investors to sell copper coins to prepare for the Lunar New Year is also a cause for market decline.
There so many FUD out there and I think that is not the main reason but ONE of the reason why bitcoin is dump ATM. Reason for BTC dump is the hottest topic on this forum and many users are creating different thread while the title and thoughts of the thread are the same. There is no exact for this question so please stop posting for a news as the main reason for this current dump event in BTC because there is so many FUD spreading around the world. I wonder if this all FUD is legit because it looks like a setup in able to destroy BTC momentum and back to cheap price.
FUD are spreading everywhere from forums to social media and even in the news. In my own opinion on this kind of scenario that is currently happening there are people behind this FUD spreading propaganda to drop the price of bitcoin so that they can pack up more at the time it will start rising again. It's better not to feed those FUD spreaders and don't mind them, their main agenda is make the price of btc drop.
Everyone just relax bitcoin will not fall to no value at all, This kind of scenarios already happened years before. If you get affected by this scenarios happening, you're the one falling and not bitcoin. Keep calm hodl, Buy low and sell high.
http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/
"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
Is not that the reason behind, also we cannot trust the president from a country were recidents can't even buy tooth paste in the supermarket.
Its because of India's stance on crypto. More countries will follow.
http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/
"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
You shouldn't do anything about that, it's not the main reason to make a bit bearish trend for bitcoin. tether audit looks become a vital part at this moment. I don't wanna argue about petro that has been made by you know that. "Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
Ha right. So bitcoin, which increased in popularity because it is a decentralized cryptocurrency, is now losing popularity because it isn't a centralized special petro coin from a corrupt government system in Venezuela? 
http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/
"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
Haha! Guilty found!
I do not think that Venezuela will lose if it launches their national crypto. I personally observe the experiment with pleasure.
I don't believe your theory, the discentralised space is different from these centralised version that is coming on board, that is why I don't like and won't participate in Kodak ICO, their own mind set is different from what drives this space, and people should know this is just a token and nothing else
Are all these price reductions the only reason to come from a few countries? it does not make much sense to me.
The volume of these markets is huge, and these decisions should not be a problem unless they come from countries like the united states of america
The volume of these markets is huge, and these decisions should not be a problem unless they come from countries like the united states of america
As far as I know, the Korea Financial Supervisory Commission (FSC) has confirmed the ban on uncontrolled transaction accounts. The Securities and Exchange Commission (SEC) said it had received a court order to freeze the assets of an ICO deal with $ 600 million raised. These are the reasons why the entire cryptocurrency market has fallen sharply over time. In addition, the Asian investors to sell copper coins to prepare for the Lunar New Year is also a cause for market decline.
There so many FUD out there and I think that is not the main reason but ONE of the reason why bitcoin is dump ATM. Reason for BTC dump is the hottest topic on this forum and many users are creating different thread while the title and thoughts of the thread are the same. There is no exact for this question so please stop posting for a news as the main reason for this current dump event in BTC because there is so many FUD spreading around the world. I wonder if this all FUD is legit because it looks like a setup in able to destroy BTC momentum and back to cheap price.
Thats not the main cause in my opinion the main cause is we are already mooning very high and it is time to going down. The news is made for only reason to dump bitcoin. We may will see $8000 soon or sub $8000 then back to $9000 ish then continue declined untill $6000 many investor maybe will move their money to good altcoin out there. I am not sure which altcoin but it will happen.
As far as I know, the Korea Financial Supervisory Commission (FSC) has confirmed the ban on uncontrolled transaction accounts. The Securities and Exchange Commission (SEC) said it had received a court order to freeze the assets of an ICO deal with $ 600 million raised. These are the reasons why the entire cryptocurrency market has fallen sharply over time. In addition, the Asian investors to sell copper coins to prepare for the Lunar New Year is also a cause for market decline.
thats not the main causes i think,,
as i know decentralised is better than centralised, and all government cryptocurrencies will always use centralised system to control everything
and i believe people will always choose the decentralised system,,
just keep calm
as i know decentralised is better than centralised, and all government cryptocurrencies will always use centralised system to control everything
and i believe people will always choose the decentralised system,,
just keep calm
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