What is exactly the reason why bitcoin value falls right now?

goaldigger

sr. member

Activity: 2310

Merit: 355

Quote from: eann014 on November 23, 2018, 08:50:00 AM

Anyone knows what is really the reason behind of falling bitcoin value? Is there any news or article that you can share here guys? I am also confused if I still want to hold my bitcoin or just sell but if I do that, I will lose a lot just like to those who already make panic selling.

The question seems like the OP is a. Newbie who just bought this hero account for signature campaign. He existed in this forum 1 year more than mine and still getting confused with the basic info which has an information of about a hundred in that three years. But anyways, if that so, its a good thing if the value drops because you can acquire more bitcoins or altcoins then hold.

barota

sr. member

Activity: 1176

Merit: 286

the reason :
like this cheat pump ....bitcoin never go up like all investor want
mt gox users will receive their bitcoin very soon ... and why this pump??

Adriano2010

hero member

Activity: 1414

Merit: 516

I hope this pump will continue and more people buy and hold their bitcoin and wait for a bull run, even if most think will go down again this time will not go so much down in my opinion.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: eann014 on April 02, 2019, 11:28:17 PM

Quote from: GreatGEEK on November 30, 2018, 10:32:59 AM

I think the mix of negative occurrences became the reason of bitcoin’s collapse. The mix consists from BCH war, regulatory actions of the SEC towards ICOs, and bad condition of the global markets that dropped during the last months. And behind the scene, the crypto whales contributed and dumped bitcoin to its lowest price since the last year.

I agree and as what we can see we still don't see any BIG improvements to the market. There is a little movement from the market but unlike year 2017 it really boost like a rocket that's why many BIG investors got interested with bitcoin but as what we can see, big dump for bitcoin up to until now, but I think this year can have a good potential now as it move upward even little by little.

I think yesterday pump was good to see in crypto market. But If you compared to 2017 result it is not satisfied because big manipulation was occur in last year chinese new year. So it takes some time to improve slowly and if believe the crypto potential you can wait for next bull run.

eann014

hero member

Activity: 1078

Merit: 501

Quote from: GreatGEEK on November 30, 2018, 10:32:59 AM

I think the mix of negative occurrences became the reason of bitcoin’s collapse. The mix consists from BCH war, regulatory actions of the SEC towards ICOs, and bad condition of the global markets that dropped during the last months. And behind the scene, the crypto whales contributed and dumped bitcoin to its lowest price since the last year.

I agree and as what we can see we still don't see any BIG improvements to the market. There is a little movement from the market but unlike year 2017 it really boost like a rocket that's why many BIG investors got interested with bitcoin but as what we can see, big dump for bitcoin up to until now, but I think this year can have a good potential now as it move upward even little by little.

Dogboy714

jr. member

Activity: 51

Merit: 11

Tax loss harvesting is probably also coming into play. Lots of fun stuff has come together in the past couple of months to create a fire sale on BTC!

https://www.fidelity.com/viewpoints/personal-finance/tax-loss-harvesting

GreatGEEK

newbie

Activity: 86

Merit: 0

I think the mix of negative occurrences became the reason of bitcoin’s collapse. The mix consists from BCH war, regulatory actions of the SEC towards ICOs, and bad condition of the global markets that dropped during the last months. And behind the scene, the crypto whales contributed and dumped bitcoin to its lowest price since the last year.

candra raditya

copper member

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Merit: 0

I think what makes bitcoin fall is a mistake by thinking that bitcoin is an investment that provides wealth in a short time, but bitcoin doesn't increase as expected so it makes them disappointed and choose to sell low.

bloodyvio

full member

Activity: 546

Merit: 102

that's because Faketoshi was carrying out an attack on bitcoin cash a few days ago
and he distributed the FUD which said he would damage the cryptocurrency ecosystem
and that caused many people to panic and sell their bitcoin
but it looks like this drama is over

eann014

hero member

Activity: 1078

Merit: 501

Quote from: LeGaulois on November 24, 2018, 01:29:27 PM

Quote from: eann014 on November 23, 2018, 08:50:00 AM

Anyone knows what is really the reason behind of falling bitcoin value? Is there any news or article that you can share here guys? I am also confused if I still want to hold my bitcoin or just sell but if I do that, I will lose a lot just like to those who already make panic selling.

There is a dozen questions like this one on each board in the forum, the answers will be the same no matter how many times you ask.
Generally speaking, there are people believing the crash comes from the BCH soap opera, while other people believe it's all about manipulation to increase a BTC bag Which is the most possible reason to me.

I don't think it is because of BCH, because as I observe, bitcoin is the mother of all coins so BCH is also just relying to bitcoin. So why can you say that it is because of BCH.

lyks15

full member

Activity: 546

Merit: 100

I think the exact reason why bitcoin's value fall right now is theory of the law of supply and demand. I think now we are experiencing that low price is because there are many supplies of bitcoin stocks that did not buy because people are now afraid to invest at bitcoin business. So if the supplies are already high rather than demand definitely the value will also fall like also in other business specially in merchandising business. So I think if all of us will be believe and continously patronizing bitcoin it's will ve rise again like past few year that the bitcoin price is perpectly huge and consunable.

Yourdoomed

newbie

Activity: 5

Merit: 0

Mains reasons are it has no value outside of the Blockchain and is therefore driven by "Investors" and sentiment. Last year people bought into the hype and drove the price up leaving many newbies staring at a loss. Going forward regulation will reduce the appeal from criminals and leave the die hard fans and the true value will be reflected in the price. Unless the crypto currency is less volatile and more useful as a medium to spend in shops it will have no future. Probably an opportunity to make a profit but looking really risky at ther moment as the price just heads south, anyone still in the market good luck to you.

demonicsheikh

newbie

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Merit: 0

Bitcoin isn't a free currency like it's been advertised. Many organizations control cryptocurrencies and manipulate the price according to the needs.

entebah

full member

Activity: 1489

Merit: 150

Because of the HASH war between Bitcoinashabc vs BitcoinCashSV, so there is a war which dominates the market, and this becomes a negative effect on the price of Bitcoin. here is a very pretty review about the HASH war which caused the price of Bitcoin to fall.
https://cointelegraph.com/news/bitcoin-cash-hard-fork-battle-who-is-winning-the-hash-war

richan

member

Activity: 392

Merit: 11

FUD has caused panic selling and most investors are offsetting their bitcoins for a more stable investment. Others believe is the Bitcoin Cash division that has resulted in the low price of bitcoin and the whole market too.

jerrison

full member

Activity: 1442

Merit: 106

i am still in awe as i woke up to see the all time yearly low of 2018 to be at $3700 on the 24th of november. i think it is not going below the $3000 dollar mark as have been predicted by other traders in the crypto space but i know that no matter what the reason is for such a plummet, it just doesn't make it nice.

memecoin

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★YoBit.Net★ 1400+ Coins Exchange

Quote from: eann014 on November 23, 2018, 08:50:00 AM

Anyone knows what is really the reason behind of falling bitcoin value? Is there any news or article that you can share here guys? I am also confused if I still want to hold my bitcoin or just sell but if I do that, I will lose a lot just like to those who already make panic selling.

The exact reason is not sure, but I find that there is a good reason for this because of the recent events, which led to a lot of bitcoin withdrawals, which led to the fall in prices. This is my opinion and you see is it good? Huh

LogitechMouse

legendary

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Chancellor on brink of second bailout for banks

There is no "EXACT" reason why the price of Bitcoin is falling right now.

To be honest, I'm not feeling anything about the falling price of Bitcoin. Many of us are here because we want to learn about cryptocurrencies. We must trust them especially Bitcoin that is why I'm just holding my Bitcoin and I will not panic sell. Never..

CoinFoxs

copper member

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Campaign Management & Translation Service

Bitcoin investors in the United States are selling off their crypto to pay off capital gain tax.

"First-time investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017. Reports show that they are now selling off quickly before they file their April taxes."

Article Link: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-sat-nov-24/

johnygrace

newbie

Activity: 107

Merit: 0

I do not recommend trusted analyst estimates from Mass Media, because they can make statements that support certain financial structures, organizations and make specific predictions from those who benefit from falling prices in the crypto market. In addition, the "Bloomberg" forecast is only based on assumptions

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