Topic: what are the causes of the continuous plunge in Bitcoin? - page 3. (Read 1507 times)
caused cant be explained but i believe its causing by the fud which is affecting and discouraging more new investors to invest big on cryptocurrency, when new investors come, the price will shoot up.
Bitcoin just like Forex react to either positive or negative news. Unfortunately, there hasn't been much positive this year and hence, the continuous downward price movement this year. Hopefully, the ETF will get approved, perhaps that would bring the much anticipated bull run.
I'm totally against Bitcoin ETF to be honest, its just open to market manipulation. Remember that you actually don't own the private keys, its the custodian who will make the trade on bitcoin. So who ever that custodian will be powerful and can totally manipulate the price on their favour.
Well i can agree that an approval of the etf this september will likely spell positive news and in a way pull the price up. But i also don't think it's necessary. And a lot probably think so as well since the price didn't really move down after the recent rejection
Bitcoin just like Forex react to either positive or negative news. Unfortunately, there hasn't been much positive this year and hence, the continuous downward price movement this year. Hopefully, the ETF will get approved, perhaps that would bring the much anticipated bull run.
Yeah, but even with some positive news bitcoin still unable to get out from pressure, I think the reason is because a lot of people had hold their bitcoin for a long time, when the price go up a little they will sell it, the only hope to make bitcoin price go up really fast is through ETF, without any big investors or legality from government, it will be hard for bitcoin to go up quickly
Bitcoin just like Forex react to either positive or negative news. Unfortunately, there hasn't been much positive this year and hence, the continuous downward price movement this year. Hopefully, the ETF will get approved, perhaps that would bring the much anticipated bull run.
I'm totally against Bitcoin ETF to be honest, its just open to market manipulation. Remember that you actually don't own the private keys, its the custodian who will make the trade on bitcoin. So who ever that custodian will be powerful and can totally manipulate the price on their favour.
Bitcoin just like Forex react to either positive or negative news. Unfortunately, there hasn't been much positive this year and hence, the continuous downward price movement this year. Hopefully, the ETF will get approved, perhaps that would bring the much anticipated bull run.
Well, it's almost always because of supply in the market. The more supply people have in the market, the lower the price is. When people sell their coins it contributes to the price going down. That is why we should just hold in to our coins, the more people buying and holding the higher and more stable the price is.
Sensitive time people are very alert. Unconscious rush leads to poor results. Need to create your habits to adapt to the market. The best way for the unprofessional, it should store it to wait more time to sell. 
Bitcoins can be a good substitute for money.
No its not.
In my opinion, one of the decreases in bitcoin prices is because hackers who steal bitcoin and seek profits and also because of increasingly stringent government rules, the value of new digital currencies such as bitcoin itself cannot be expected to reach the lowest points in 2018 even almost all Cryptocurrency currencies experienced a significant decline.
It could be one factor but I don't know how much weight in can bring into the table. Its obvious that there might be some manipulation and stringent regulations put by a lot of government globally against crypto. But for me the main reason is that investors and traders evolves as well, they adapt and change strategies and won't simply put their money on a market wherein it remains bearish for almost a year now. So don't be surprise if you will hear people saying that it might be a bull trap or just dead cat bounce because it might be really the case right now.
Bitcoins can be a good substitute for money.
In my opinion, one of the decreases in bitcoin prices is because hackers who steal bitcoin and seek profits and also because of increasingly stringent government rules, the value of new digital currencies such as bitcoin itself cannot be expected to reach the lowest points in 2018 even almost all Cryptocurrency currencies experienced a significant decline.
Well, it's almost always because of supply in the market. The more supply people have in the market, the lower the price is. When people sell their coins it contributes to the price going down. That is why we should just hold in to our coins, the more people buying and holding the higher and more stable the price is.
Due to the investor's consciousness is not good. Say so for the conditions, but in fact most people want to get rich quick and high profits. Few people can think for the community and those who do it often lose. That is the thing in society that always exists.
Negative news about bitcoin and crypto bans in this country that make crypto fall. then bitcoin is also often hacked so this news really makes the price of BTC drop
The cause is of course our own because when prices rise we will sell our bitcoin, even though that is the trick of the popes. when you sell, of course the price will fall, try to be patient and hold your bitcoin.
There are lots of causes of continuous plunge in bitcoin is due on indifference persfective .It is difficult to pinpoint an exact reason for the massive slide the cryptocurrency market is experiencing right now, though some analysts are pointing the finger at CoinRail’s recent hack.
The reason is that we should simply hold in to our coins. All things considered, it's quite often in view of the law of supply and demand in the market. The more supply individuals have in the market, the lower the cost is. To the point when individuals offer their coins it adds to the cost going down. On the other hand, the less suppy individuals have in the market, the higher the cost is.
In my opinion, the continuous down trend in the current crypto market could somehow be more supply in the market since many investors are selling due to this bearish market. Another scenario could have been whales manipulation which affects the price value to dip but this trend is just temporary and people sbohld not get panic as this is normally happening in the market.
This causes a continuous decrease in bitcoin.
1. Bitcoin's liquidity is defined when you can sell BitCoin to a certain extent without affecting the market and not devaluing Bitcoin.
However, even if Bitcoin prices increase over the peak, the liquidity of Bitcoin is not so good.
2. Investors lose interest in bitcoin.
1. Bitcoin's liquidity is defined when you can sell BitCoin to a certain extent without affecting the market and not devaluing Bitcoin.
However, even if Bitcoin prices increase over the peak, the liquidity of Bitcoin is not so good.
2. Investors lose interest in bitcoin.
The reason is very simple due to all country taking steps to regulate the crypto currency and some country have banned it uses in their country so who ever is in trading is only for short term trading as soon as they get to start profit they start to take it. So the market reacts and the price goes down. Till all country dont regulate fully and start functioning i think bitcoin price wont improve much.
It is also only part of the price decision, as it has many determinants of price. It is possible that the related economic and financial sectors are closely linked. New prices can be driven up or down. It is not the only factors that can hardly affect the financial electronics markets.
It is infinitely possible to guess, in order to understand the true cause of the fall of bitcoin. Most likely there is no one reason why this happens. The state and major players and newcomers influence the drop of bitcoin.
Hacks, Gox dumps, Weka handed people, Panic people, get to know these words very well because that is the reason and very root cause of the whole thing. The plunges that we see is all about that only. The bitcoin is open book, we can see how people react about any situation and instead of making it stable one they actually go beyond the needed reaction and start to panic and make it worst. The factors are many more but what we see, we should at least minimise it to reduce such plunges. But as always I say this is decentralised command of chain and we can do nothing about it.
At the end of May, Bitcoin hit a new high this year after a sustained surge, which began to reverse on May 25th and 26th. It once fell by 900 US dollars, a drop of more than 30%; China's bitcoin prices once fell to around 14,000 yuan, today About 14,700 yuan fluctuations.
Interestingly, the reporter noticed that the renminbi’s exchange rate movements from the onshore market are in stark contrast to the plunge in bitcoin prices. Also on May 25th, when Bitcoin turned down and fell, the exchange rate of RMB began to turn upwards.
The spot price of offshore RMB exchange rate CNH has risen from 6.8752 to 6.8498 from May 25th and has been rising all the way. Today, the intraday trading session of CNH rose to 6.8031. Onshore RMB spot exchange rate CNY, although closed today at the Dragon Boat Festival, rose to 6.8678 at 6.8860 on May 25 and rose further to 6.8525 on the 26th.
Plunge in this phase refers to the flactuation and yes I admit this too that there are many and continuous flactuation in the valuation of bitcoin in recent months of this year . Bitcoin is supposed to be very volatile crypto currency whose valuation keeps on flactuating but if look at the sensitivity and votality of bitcoin then we will come to know that these flactuation are very much necessary for the market to be stable so that people can also buy coins at low cost and can sell them at high rates. Interestingly, the reporter noticed that the renminbi’s exchange rate movements from the onshore market are in stark contrast to the plunge in bitcoin prices. Also on May 25th, when Bitcoin turned down and fell, the exchange rate of RMB began to turn upwards.
The spot price of offshore RMB exchange rate CNH has risen from 6.8752 to 6.8498 from May 25th and has been rising all the way. Today, the intraday trading session of CNH rose to 6.8031. Onshore RMB spot exchange rate CNY, although closed today at the Dragon Boat Festival, rose to 6.8678 at 6.8860 on May 25 and rose further to 6.8525 on the 26th.
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