What caused Bitcoin goes down very hard recently? - page 8.

Wexnident

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I don't request loans~

Quote from: cpoer2011 on February 04, 2018, 11:44:34 PM

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

Actually, I don't really know what exactly started the dump on its market value but chances are high that it has something to do with the demand in the market. But surely, this is jist normal and is only temporary. Its price will eventually increase so for now, investing to it and holding will be more necessary. Just believe and continue holding.

paulo29

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I think there a panic in the crypto currency market that affects the bitcoin, It could also happen because there is problem in other countries when it comes to legality and regularization polices. But we re in a digital technology and anything can happen and and everything is possible. There could be more reasons behind it and it can be known to us. Patience is a virtue,so keep on holding on for your own good.

Cryptoman69

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I think for so many wrong speculation and many fake news which can be accredited by some investors, and in some countries planning their strategy to penetrate and destroy the reputation of bitcoin.

yj300316

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i dont know the exact cause of bitcoin crash value.
but i read from some source, that is because the chinese.

BitProNews

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It's getting harder to understand the reasons of the actual decrease in the market when it continue dumping in prices and marketcaps and circulating supplies. Analytics try to evaluate the position of the crypto market with the old traditional explanation that no way traders are getting fear from many causes. In my opinion i can mention some logical reasons as a crypto enthousiasts and an active follower:
- What professionals call it "correction" and this was expected due to the great growth in the last three months when bitcoin reaches to 20000$ limits.
- Last rumors about Korea and India that preparing to ban bitcoin utilisation due to its big volatility but the two government denied the rumors.
- Last successful hacking attack to the second great platform in Korea and the lost of more than 200 m$. Note that 1/3 of the youth population are inveting in cryptocurrencies.
- One last thing about Tether and Bitfinex that the USA government verify the equivalence of dollars besides Tether after observing the creation of more than 50 m$ in less than a week.

There must be more reasons but may be we can't see it now till it passes.

Boysen

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There are two most prominent underlying causes for the huge decline in value of the most powerful cryptocurrency early this 2018. One is the prohibition and illegalization of bitcoin and all bitcoin-affiliated activities in China, Korea, and Vietnam, some countries that became a huge contributor to bitcoin's growth. And another, the practice of panic selling by a huge majority of unwise investors that thought bitcoin would get down just because of the small decrease in value of bitcoin.

innaruda

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Quote from: cpoer2011 on February 04, 2018, 11:44:34 PM

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.

The course is specially tipped (a group of influential people) to buy bitcoin at the best price, the most stressful and patient investors and traders will survive and earn. Do not panic, my friends! Wink

Imran1271

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Bitcoin and all cryptos haven't been quite the same since we've been blessed by the arrival of the CBOE and CME. In fact, the crypto space is beginning to resemble the PM COMEX controlled stagnation of the past 3+ years. Of course it's coincidence.

Joyceshiroor

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Bitcoin has been banned by many countries and facebook too. Bann on bitcoin has made many people to think about their investment in bitcoin. They are loosing interest in it. These reasons are letting bitcoin go down.

Red-Apple

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Quote from: oiucoin on February 05, 2018, 02:01:08 AM

I think a large part of this is because many Asian countries together publish the relevant policies on the prohibition of bitcoin trading, which gives investors a big blow.

that was mostly FUD and only partly true.
some Asian countries like China banned ICOs which have nothing to do with bitcoin and bitcoin trading. and most of them regulated exchanges with some restrictions on them to prevent illegal activities such as money laundering. again it had nothing to do with bitcoin trading or bitcoin itself.

but the media loves bullshit like this, and they exaggerate it. and most people don't care enough to check the source of the news they just read on a trollbox that "china banned bitcoin" and start panicking.

Sevarchik

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Last bad new what i seen is what China block cryptocurrency ads in search engines

fiulpro

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You know.. that's because.. there were a lots of false news about Bitcoins being banned and other bad news too but infact it was just an exaggeration of some small news in which many Asian countries were gonna regulate Bitcoins and none banned them till now.
The Korean Market was shut down and India was also giving negative comments about Bitcoins thus ... Everyone thought it's the right time to give up hope

Things are on track though but it will take some time.

joko4ko2017

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Yes may be a lot of people who sell BTC, so the price of BTC will be down whether it will be how much? Probably will be back again to 50 million in IDR again, everyone already knows BTC is likely to rise again as late as last year which touched 300 million in IDR, but all that happened many factors, factor of game market also can, game holders BTC at most, or the people who have a lot of money, can monopolize the BTC market, can play the price of BTC as they please, yes happy that many BTC can follow ERA BTC

dvillier

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I think the main cause of the very hard going down of the bitcoin is the panic selling of the bitcoin, It is due to the non.stable people becasue when the see a little fall in the value of the bitcoin the use the bitcoin and as result the value fall a little more mean while other people think that bitcoin value is going down and start panic selling of the bitcoin , when panic selling starts the value of the bitcoin hard down.

oiucoin

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I think a large part of this is because many Asian countries together publish the relevant policies on the prohibition of bitcoin trading, which gives investors a big blow.

darkwingduck34

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Some people thinks that Bitcoin reached ATH and there is no way to go back there again. Some of them are panic seller's which are left industry with a lot of loss and regrets to buy Bitcoin. Speculations are behind them all and started domino effect. People who believe to Hodl and continues to collect on dips will be get some gains.

Tonyloaves

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A relatively big part of Bitcoin's dip in price would be the recent negative news about it being not accepted in certain countries and platforms. This includes the recent news on Facebook, China, and South Korea among others which have contributed to its price decrease. Although given this output, the strategic thing to do is to hold on to your bitcoins instead of cutting costs and selling them due to panic. After this dip, Bitcoin will slowly rise again through 2018 which would give it a better price for investment ratio.

Orspio

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It same with life,,sometimes we will be down too not always on top...i think will be passion still hold that,,,I'm sure will be back to normal soon for bitcoin..the effect is that the exchange rate to the currency becomes cheaper but not problem if you have much coin

sencoins

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because of scam ico, i think

BrewMaster

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There is trouble abrewing

i have a new idea which came to me just now!

maybe it is the altcoin bubble bursting that is also making it worse for bitcoin. you see all the altcoins were pumped and were in huge bubbles which have been bursting for the past week. and many of them have no way of going directly back to fiat so the way to choose is bitcoin.

people dump their shitcoins for bitcoin then sell bitcoin for fiat >>> bitcoin drops is intensified.

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