What can you say about the low price of bitcoin and altcoins today? - page 4.

Melnikof

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Quote from: celjc on June 24, 2018, 07:59:46 AM

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

We pay for that abnormal growth at the end of 2017! The constant growth can't be, and after the high growth and manipulations with money a strong pullback is normal. Now we pay for people who made much money 6 months ago)

markalis

full member

Activity: 467

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I still see this is a natural thing, very reasonable, if you have long in the world of crypto, then you will not panic with conditions like this, even you will continue to buy it

ityandsyn

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Activity: 490

Merit: 11

Quote from: celjc on June 24, 2018, 07:59:46 AM

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

According to the news with different sources, hacking incident is the main reasons for the crash since huge amount of Bitcoin and Altcoin was the count and may the reasons of the price crash, If these was not happened maybe the recovery of the market were already completed, but this is not the end of cryptocurrency because as I notice there are many ICO projects that has a good platform and have a potential to grow, and in my assessment, these projects will make cryptocurrency popular again.

billy.ryoko

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This is not the first time in the cryptocurrencies market, they can rise in double or triple in few hours, or drop the price to the bottom in the hour, I believe the cryptocurrencies is the future and no doubt to holding it for my long-term investment.

Gontxi

sr. member

Activity: 966

Merit: 250

Quote from: celjc on June 24, 2018, 07:59:46 AM

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

the reason is mostly the same, there is a big correction and accidents due to the past. and now the market is difficult to bounce back, even more so there is no lightning network found from blockhain to bitcoin.
consequently the situation is very difficult to predict

Hecquyn

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Activity: 129

Merit: 15

Quote from: Lindazz on June 24, 2018, 08:02:56 AM

I think there are too many ICO projects.
So many ICO projects will make money more and more scattered, which will make the price of bitcoin drop continuously.

I agree with you. The capital has been divided too much into ICO projects. Then the development teams sell the ETH they get. Should be so that the price of the coins are reduced.

shandi albert

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Activity: 308

Merit: 101

FXPay.io

Quote from: Lindazz on June 24, 2018, 08:02:56 AM

I think there are too many ICO projects.
So many ICO projects will make money more and more scattered, which will make the price of bitcoin drop continuously.

And back again to the law of the market where a lot of demand then the price will rise, Then the lower the demand the cheaper the price. But a lot of opinions about the price decline that occurred in this month.

deep4u

sr. member

Activity: 630

Merit: 250

That is how markets works and it doesn't constantly goes up and up it also comes down to bottom to make new high. Also in this situation most of newbies panic and sale there coins in loss. You need to much patience and ability to hold your funds for longer periods to make big money.

almiani

full member

Activity: 476

Merit: 100

is it true that this happened because the exchangers in India announced that they could not withdraw through local banks causing panic? and this is a global impact

Thirio

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Well ever since that huge run last december, bitcoin went on being too popular that some did become too bad for bitcoin. I mean just look at it, more and more people are here damaging the reputation and the essence of bitcoin without them ever really knowing.

batang_bitcoin

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Quote from: celjc on June 24, 2018, 07:59:46 AM

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

December 2017 is an all time high for bitcoin and altcoins.

Quote from: celjc on June 24, 2018, 07:59:46 AM

What do u think are the real reasons why?

Real reason of falling? if that is then it didn't happened on December 2017 but during the next weeks of early January 2018 and it cause by a correction.

After an all time high that correction is expected even until now.

VeeraS

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Activity: 560

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Quote from: celjc on June 24, 2018, 07:59:46 AM

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

certainly the most logical reason is the correction and accidents that have occurred over the past few months. and now, the situation has not really recovered. so naturally bitcoin and the market takes time to recover and become stable

X-ray

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Leading Crypto Sports Betting & Casino Platform

Quote from: celjc on June 24, 2018, 07:59:46 AM

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

There is a lot of uncertainty about the crypto market right now. But i would like to say that the manipulators will try to dump the price of crypto to the bottom and it can be considered as the best time to buy for long-term and you should not expect it for short term gain because it's too risky. Manipulator is the real reason i suppose.

tsaroz

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Vave.com - Crypto Casino

There comes highs and low but you can consider it as a correction phase for last year's sudden rise from $2000 to $15000 within a matter of couple of months. If the prices rests anywhere above $5000 you can call it a profit in comparison to last years price.

The cure

jr. member

Activity: 448

Merit: 4

I would say that the big contribution of this price down in the market is the negative news for bitcoin. It is resulting to more investors getting panic and sell their investing coins,they have fear on their minds for any possible lose of their capital.

HerreraMJ

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Activity: 97

Merit: 1

It's common on cryptocurrencies, their prices fluctuate too much, plus, there's alot of new ICOs everyday, it's probably better to wait, be patient and hope for another rise of the price.

TheBiochemist

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Vi veri veniversum vivus vici

Quote from: Lindazz on June 24, 2018, 08:02:56 AM

I think there are too many ICO projects.
So many ICO projects will make money more and more scattered, which will make the price of bitcoin drop continuously.

Bitcoin dominance is incresing, due to dump of alts to BTC and then to FIAT...So there is an reverse trend of what you state

TheBiochemist

jr. member

Activity: 134

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Vi veri veniversum vivus vici

The prices is up 3x from 1 year looking at BTC which is great. 99% of all altcoins are crap, usless and only valued by hype, most of which will go below ICO prices, so be ready to pick em up, the ones you think will have usage!

There are so much good news hidden by all the crap news and regulations so i am sure we will se even lower prices during the summer, keep investing when it drops!

skorupi17

sr. member

Activity: 490

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Quote from: celjc on June 24, 2018, 07:59:46 AM

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

The market has behaved this way based from the history of cryptocurrency for no particular reason so why wonder if the market is behaving this way again. Most are just being too hasty about the increase because they are anxious to see their profit growing. We just peaked last December and the peak price is really high. We cannot expect the price to go up at all times.

Hirameki

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Activity: 176

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Quote from: celjc on June 24, 2018, 07:59:46 AM

So many predictions around, so many reasons why bitcoin and altcoins price went so low from December 2017.

What do u think are the real reasons why?

There are a lot of reasons to this. It can never be just because of one factor. The crypto market has a lot of stuffs going on. There goes increasing number of ICO projects, new cryptocurrencies, FUDs, banning of ads of cryptos etc. Now, the market is very volatile and can be influenced easily by these stuffs. We can never point out which is the greatest contributor but we can name some.

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