WHAT IS CAUSING BITCOIN TO DROP??????????

gabmen

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Quote from: Sir Cross on February 04, 2018, 11:20:48 PM

Quote from: fulmetal08larz on February 02, 2018, 02:25:57 PM

The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

Hasn't the market support level been being tested for a long time already? And hasn't the Chinese New Year preppers been made weeks ago? I think it's been long enough already, and the price has been going down for different reasons. There are many factors which make the price drop. There still has numerous FUDs, and I think the recent bans have something to do with the price going down because Facebook has decided to ban crypto-related promotions.

Well we're over the bans and the fuds for now it seems. And i'm not sure if the chinese newyear celebrants would have that much effect since their market is obviously highly regulated now. I'm not seeing any serious dumps anymore though that's me crossing my fingers there.

NutellaboY

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Quote from: ?? on ??

Thank GOD the price is increasing now

Why? I want it to go down more and more so I can allow myself buying more Bitcoins. Wink

Sir Cross

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Quote from: fulmetal08larz on February 02, 2018, 02:25:57 PM

The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

Hasn't the market support level been being tested for a long time already? And hasn't the Chinese New Year preppers been made weeks ago? I think it's been long enough already, and the price has been going down for different reasons. There are many factors which make the price drop. There still has numerous FUDs, and I think the recent bans have something to do with the price going down because Facebook has decided to ban crypto-related promotions.

eann014

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Yeah, it is dropping day by day and a lot of us are already worried with their invested, my mom invested with bitcoin when bitcoin price is at $17k, so she already lost almost half of her invesment. I don't know what is really happening, I just know that most of us sell their bitcoin already because of panic selling.

jakezyrus

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Quote from: Daveeoff on February 03, 2018, 07:47:45 AM

Everything, the media, the whales, the people who are panic selling. Can;t you see that lately the media only hates on Bitcoin?

not only media but also social medias like ig and facebook has recently reported that they start banning crypto related ads mostly ico 's but i think that event could Not totally affect the price of bitcoin. i believe the real reason why bitcoins drop so much its because of the high fees lately therfor most people switch out for a while into some other low fees coins like litecoin and etherium in order for them to continue thier service and online transactions.

trickyriky

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Quote from: fulmetal08larz on February 02, 2018, 02:25:57 PM

The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

However Chinese New year has not come yet, and the fall of the market slowed down and even stopped. BTC was falling due to bad news from Asia (bans, etc).

Daveeoff

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Everything, the media, the whales, the people who are panic selling. Can;t you see that lately the media only hates on Bitcoin?

Gameroid

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Quote from: fulmetal08larz on February 02, 2018, 02:25:57 PM

The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

Yes and bitcoin got a good support from the investors, they are holding bitcoin even in panic situation when most of the inexperience are selling because they cannot afford pressure. They are thinking that they will lose everything they have. But i think bitcoin is already reached to its bottom and now we are just waiting for the price to start increasing again. Hope we will see the price rising again in next few days.

Jalum

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Look ARROUND!

Quote from: MoneyBackCoin on February 01, 2018, 01:14:01 PM

WHAT IS CAUSING BITCOIN TO DROP?

AND NO IT'S NOT JUST FUD!!

The price of a lot of Altcoins made people sell their coins in exchange for Bitcoin, most investors are cashing out.

fulmetal08larz

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The bitcoin price movement downwards is just testing the market's support level and I think it may have reached the bottom price already but it could also be the whales who keeps on manipulating the market, setting bull traps. The upcoming Chinese New Year could also be a factor wherein the Chinese People greatly affects the market volatility before Feb 16.

MoneyBackCoin

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Quote from: pixie85 on February 02, 2018, 11:50:15 AM

Quote from: severaldetails on February 02, 2018, 08:10:26 AM

I think it is just panik. Many people who got in at 10K and above es that in the last weeks bitcoin know only one direction. Now they try to save as much of their money as they can.
Lets be honest, a bitcoin for 19K like we saw it in December, that is overvaluated. Maybe in a few years that will be a fair price.

It's funny that the price was almost 20000 USD with the network being slow and bottlenecked, fees reaching over 20USD for a single transaction and completely no solutions being implemented.
Now we have segwit, lightning transactions being tested, much less transactions in the mempool, cost of a transaction being down to 4USD if you don't have segwit set up and only 2 USD with segwit. So the network has improved and the price is below 50% of ATH. Crazy!

Absolutely brilliant point!!!!

It again goes to show what BS the whales or institutions are doing to manipulate the entire market.

pixie85

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Quote from: severaldetails on February 02, 2018, 08:10:26 AM

I think it is just panik. Many people who got in at 10K and above es that in the last weeks bitcoin know only one direction. Now they try to save as much of their money as they can.
Lets be honest, a bitcoin for 19K like we saw it in December, that is overvaluated. Maybe in a few years that will be a fair price.

It's funny that the price was almost 20000 USD with the network being slow and bottlenecked, fees reaching over 20USD for a single transaction and completely no solutions being implemented.
Now we have segwit, lightning transactions being tested, much less transactions in the mempool, cost of a transaction being down to 4USD if you don't have segwit set up and only 2 USD with segwit. So the network has improved and the price is below 50% of ATH. Crazy!

severaldetails

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I think it is just panik. Many people who got in at 10K and above es that in the last weeks bitcoin know only one direction. Now they try to save as much of their money as they can.
Lets be honest, a bitcoin for 19K like we saw it in December, that is overvaluated. Maybe in a few years that will be a fair price.

MoneyBackCoin

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Quote from: TTITA on February 02, 2018, 07:35:14 AM

Quote from: LFC_Bitcoin on February 01, 2018, 01:17:22 PM

Co-ordinated dumping my whales or financial institutions?

I do agree if this is probably an organized dumping. Of course it takes a lot of people to do the same thing so it can make the market become weak. Nowadays many speculations are evolving, ranging from restricted regulation, fud to bitcoin bubble, until crypto which is no longer interesting for big investor to enter the market.

This is beyond sad!!!

When people actually take time to understand why the crypto-market was founded and the freedom it stood for.

Little by little we are losing grip of such freedom.
Handing it right back into the control of the FED and Regulators.

It's not too late for everyone to rise up. Especially those with weak hands right now.

---------------------------

Let's eat the whales for breakfast
https://projectmoneyback.org

TTITA

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Quote from: LFC_Bitcoin on February 01, 2018, 01:17:22 PM

Co-ordinated dumping my whales or financial institutions?

I do agree if this is probably an organized dumping. Of course it takes a lot of people to do the same thing so it can make the market become weak. Nowadays many speculations are evolving, ranging from restricted regulation, fud to bitcoin bubble, until crypto which is no longer interesting for big investor to enter the market.

MoneyBackCoin

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Quote from: gabmen on February 02, 2018, 07:17:08 AM

Quote from: mi5 on February 02, 2018, 06:03:32 AM

Quote from: MoneyBackCoin on February 01, 2018, 01:14:01 PM

WHAT IS CAUSING BITCOIN TO DROP?

AND NO IT'S NOT JUST FUD!!

people are selling it for less than they should. people want to sell quick so are accepting shit prices.

Not just fud, but obviously fud has a big part in this if you ask me. Starting from chinese and korean crackdowns, to the misinterpreted indian illegalization of bitcoin. If you got in just recently, and a lot of people got in just recently, news like this would certainly shake your nerves especially if you see how it affects the market.

It's crazy for anyone who has just gotten in!!

Right now DIGIXDAO is the only crypto in the top 100 beating the downtrend!!

Definitely a traumatic experience for many right now!

-------------------------------------------

MAJOR UPDATE REGARDING MONEY BACK COIN [MNBK]:

WE HAVE A NEW DETAILED AND UPDATED WHITEPAPER THANKS TO CONTRIBUTIONS FROM MANY MEMBERS.

DO SPEND TIME READING IT AND SHARING IT

https://projectmoneyback.org/wp-content/uploads/2018/02/Money-Back-Coin-Whitepaper.pdf

Please be patient regarding the ICO details. We only want to release this once the numbers are high enough or have hit the cap of 2000.
Although we allocated a total of 30-days for the list to fill up. We are nearly full with just over 100 spaces left. Everyone give one last push and get the whitepaper/ retweets out to as many people as possible.

Also feedback or suggestions on understanding the whitepaper are always welcomed!!

gabmen

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Quote from: mi5 on February 02, 2018, 06:03:32 AM

Quote from: MoneyBackCoin on February 01, 2018, 01:14:01 PM

WHAT IS CAUSING BITCOIN TO DROP?

AND NO IT'S NOT JUST FUD!!

people are selling it for less than they should. people want to sell quick so are accepting shit prices.

Not just fud, but obviously fud has a big part in this if you ask me. Starting from chinese and korean crackdowns, to the misinterpreted indian illegalization of bitcoin. If you got in just recently, and a lot of people got in just recently, news like this would certainly shake your nerves especially if you see how it affects the market.

MoneyBackCoin

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Quote from: timerland on February 02, 2018, 02:41:59 AM

Quote from: MoneyBackCoin on February 01, 2018, 01:14:01 PM

WHAT IS CAUSING BITCOIN TO DROP?

AND NO IT'S NOT JUST FUD!!

Whales dumping, and also FUD is an undeniable part of the reason why bitcoin is dropping at the moment. It's because of the combination of chinese mining bans, facebook bans on crypto related ads, korea ban rumors, as well as now, India ban rumors that is making the situation what it is right now.

Without these, bitcoin is still probably going to be thriving and more pumps would be flooding in at the moment.

Usually when these sort of news initially gets released, the markets will respond by dumping and price will drop. When the sanity returns to the market, the price will recover to an acceptable level and potentially even get pumped. This has been the case time and time again.

Even though everyone knows about the India FUD - it hasn't seemed to reverse the price. Instead it is tanking even faster!! How, do we get everyone to HODL. No one is listening to anyone.

This is one of the reasons we need an open community. To defeat the Whales causing this!!!

We are nearly at $8000 - we need to HODL!!!!

---------------------------------

MAJOR UPDATE REGARDING MONEY BACK COIN [MNBK]:

WE HAVE A NEW DETAILED AND UPDATED WHITEPAPER THANKS TO CONTRIBUTIONS FROM MANY MEMBERS.

DO SPEND TIME READING IT AND SHARING IT

https://projectmoneyback.org/wp-content/uploads/2018/02/Money-Back-Coin-Whitepaper.pdf

Please be patient regarding the ICO details. We only want to release this once the numbers are high enough or have hit the cap of 2000.
Although we allocated a total of 30-days for the list to fill up. We are nearly full with just over 100 spaces left. Everyone give one last push and get the whitepaper/ retweets out to as many people as possible.

Also feedback or suggestions on understanding the whitepaper are always welcomed!!

imapessimist

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The market is dropping because people are taking their profit instead of holding. When the price starts to fall people should take their profit and not be greedy. And hold on day after day wringing their hands while the price crashes. And nobody should buy on a rise.

mi5

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Quote from: MoneyBackCoin on February 01, 2018, 01:14:01 PM

WHAT IS CAUSING BITCOIN TO DROP?

AND NO IT'S NOT JUST FUD!!

people are selling it for less than they should. people want to sell quick so are accepting shit prices.

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