What is it that's affecting the Bitcoin price fall? - page 2.

Faiyz

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Quote from: Hypnosis00 on May 29, 2017, 05:20:36 AM

I think the only thing that affecting the price of bitcoin to fall is the correction for the price and also the panic sellers of bitcoin that is most content of newbies or new investors or traders in bitcoin because they think that the price will continue to fall and the only thing to be safe is to sell, that is what they are thinking so the price is keep falling down.

Or on a wide perspective it is one of those dumps. Prices increase it high rates for period of weeks. Well this is just normal for btc or even some alt coins to attract other investors and so that the coins that was sold can be taken again or so i think. For the coins to be back in the market cap again and wont be stuck in someone elses own personal bank.

bitbunnny

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I would say this was necessary correction. The price was heading up realy fast and something like this was expected. Some conditions on the market changed, probably the rate between supply and demand but last few days price seams to be more stable and the further growth probably will not be so fast.

pecson134

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Just like how the stock market moves, it will be almost the same with bitcoins. Someone would possibly manipulating prices which I think is in the upper echelon of this industry. I can't say for sure that they were doing it just to stabilize the price of bitcoins or just on their own personal gain.

Hypnosis00

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I think the only thing that affecting the price of bitcoin to fall is the correction for the price and also the panic sellers of bitcoin that is most content of newbies or new investors or traders in bitcoin because they think that the price will continue to fall and the only thing to be safe is to sell, that is what they are thinking so the price is keep falling down.

DOGE12321

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This can be explained by the simple concept of 'demand and supply'. As a result of a reduced Bitcoin demand and need by the general users, it resulted in a price drop. This could have been caused by the increase of the sale of Bitcoin in that particular time period, or the reduced number of Bitcoin purchases. This is the general concept that underlies the Bitcoin halving too.

Vaskiy

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The past price drop is just because of the manipulating powers mainly the high volume investors as well the exchange services. On a whole this could have made the panic sellers buy low to the exchanges and profit during the time of price pumping. If Chinese exchanges too had the power to control, then the price could have went below $2000.

Dudeperfect

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Well for me it was expected, We use bitcoin because we love this technology and for me it is better option that fiat system on international level but not everyone buying bitcoins just for this reason, they want to earn profits from it and that's why we see such fluctuations in the price. If I am not wrong then the previous price rally attracted many institutional investors and hence we saw such price hike. However, considering long term I see organic growth of bitcoin.

Creepings

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Quote from: David Horton on May 29, 2017, 04:14:35 AM

What is it that's affecting the Bitcoin price fall? We have all seen the price last week reaching the all-time highs of $2500 or more. I know most people were expecting to see 1BTC sold at $3000 or more today but It went down back to around $2190. What affected this price fall?

That's obvious, because many people who has a great number of bitcoins sold it. That is just a good reason why the bitcoin price falls down, and I mean who would've not sell their bitcoin at that price, it was just a dream the time they invested in bitcoins, now it is the reality, though after they've sold their bitcoins, the price dumped.

Yuuto

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Quote from: David Horton on May 29, 2017, 04:14:35 AM

What is it that's affecting the Bitcoin price fall? We have all seen the price last week reaching the all-time highs of $2500 or more. I know most people were expecting to see 1BTC sold at $3000 or more today but It went down back to around $2190. What affected this price fall?

It's obvious - bitcoin was in a bubble.

I don't think that a lot of people expected $3000 bitcoin but rather a lot more people expected bitcoin to go down to under $2000. Look at the charts, no way that bitcoin could have grown legitimately over the last few days of the pump when it went up $200, $300 a day.

Quote from: OmegaStarScream on May 29, 2017, 04:17:22 AM

The price decrease didn't happen today, It was a few days ago and now It's stable enough. I tend to believe that It had something to do with the exchanges manipulating the market, the drop didn't affect bitcoin only but most of the cryptocurrencies.

I don't think that it has anything to do with exchanges manipulating but rather whales manipulating. exchanges are only providing a platform people to trade on, nothing else. And yes, a lot of other cryptos went down dramatically as well.

OmegaStarScream

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The price decrease didn't happen today, It was a few days ago and now It's stable enough. I tend to believe that It had something to do with the exchanges manipulating the market, the drop didn't affect bitcoin only but most of the cryptocurrencies.

AiWanChu

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market correction coupled with USAF uncertainty my best bet

David Horton

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What is it that's affecting the Bitcoin price fall? We have all seen the price last week reaching the all-time highs of $2500 or more. I know most people were expecting to see 1BTC sold at $3000 or more today but It went down back to around $2190. What affected this price fall?

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