Reasons Why Bitcoin Price Drops - page 16.

HelloGarci

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Quote from: maku on October 19, 2017, 03:28:18 PM

Quote from: AnthoRAX on October 19, 2017, 03:13:25 PM

One reason I can see is the truth that transactions are highly untraceable. The governments wants to have records of their people's transactions especially when it comes to income. Digital currencies', especially Bitcoin, transactions are not governed by tax laws of any nation and that is the reason why some countries look for ways to control it. This results to traders giving up their positions thus lowering the digital currency prices like Bitcoin.

Bitcoin market cap is still insignificant in the grand scheme of things. Less than 0.1% of total population of earth is owning Bitcoin.
Do you think that governments would be control freaks to the point to scare people from potentially the best investment of our generation?
Bitcoin can be shut down only if EVERY single country unanimously would outlaw it when one or two insignificant players will ban BTC it won't cause much harm to the whole network.

I totally Agree that IF EVERY single country would outlaw BTC, there is a chance of being shut down. I respect your opinion, but I think he is asking about what causes the drop of bitcoin price and not how Bitcoin will shut down. And bans also do affect prices to drop.

I also like your point on insignificant players that won't cause much harm to the whole network. I strongly believe so too.

My opinion on the topic, in trading, prices always rise and fall
----ToTheMoon----

allthebitandbobs

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any market including bitcoin is heavily influence by whales .If the price did not go up and down they wouldn't make as nearly as enough money .

maku

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Quote from: AnthoRAX on October 19, 2017, 03:13:25 PM

One reason I can see is the truth that transactions are highly untraceable. The governments wants to have records of their people's transactions especially when it comes to income. Digital currencies', especially Bitcoin, transactions are not governed by tax laws of any nation and that is the reason why some countries look for ways to control it. This results to traders giving up their positions thus lowering the digital currency prices like Bitcoin.

Bitcoin market cap is still insignificant in the grand scheme of things. Less than 0.1% of total population of earth is owning Bitcoin.
Do you think that governments would be control freaks to the point to scare people from potentially the best investment of our generation?
Bitcoin can be shut down only if EVERY single country unanimously would outlaw it when one or two insignificant players will ban BTC it won't cause much harm to the whole network.

AnthoRAX

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One reason I can see is the truth that transactions are highly untraceable. The governments wants to have records of their people's transactions especially when it comes to income. Digital currencies', especially Bitcoin, transactions are not governed by tax laws of any nation and that is the reason why some countries look for ways to control it. This results to traders giving up their positions thus lowering the digital currency prices like Bitcoin.

Itty Bitty

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Quote from: M05J on October 19, 2017, 09:06:33 AM

I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.

ELI5:

There are still many people who have bitcoin who believe that if they send their money on the internet in bitcoin, it might get lost in the wires of the internet and they will lose their money.

There are still many people who believe if all the worlds electricity went out for a few days and the internet went down, then everybody will lose their money.

There are still many people who believe if they send bitcoin, someone will steal it while it's on its way on the internet wires.

People are scared they will lose their money, especially in something so new and hard to fully understand as bitcoin. So at the first sign of danger they pull out.

People who understand the tech and underlying economics better, then buy at cheaper prices. Then it goes up. At least that's the story through Oct. 2017.

bitbunnny

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In this case that happened few days ago I wouldn't say there is any particular reason. No some big influence on the market like recent happenings in China, just normal correction/volatility process probably caused only by supply and demand ratio.
It's not necessary always to make deep analysis about price movement, there are not always hidden messages.

kpcian

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From my observation is that, Some negative news that affects people that is why those people want to withdraw their money from this platform. like in recent time, China government wanted to regulate the ICO then most of the Chinese people have left their Bitcoin so that the price of Bitcoin went down. I believe that only negative news and uncertainty are the main reason for dropping the price.

SlaughterGirl

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I have an opinion that the causes of BTC prices are down:
some people make negative issues like what JP Morgan did.
in addition, some technical and network improvements can make BTC prices fall.
like hardfork in last agusutus.

Bob_trades

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The Law of Supply and Demand in Econimics. When of supply is greater than demand, the value of the product drops. Same with Bitcoin, when the number of sellers is greater than the number of buyers in a trade, the tendency is the price of it will be pulled down.

Major occurrences like the banning by China caused traders to give up their positions and that affected the price.

M05J

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I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.

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