What is the factor of downfall of bitcoin? - page 2.

BattleOkapi21

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Quote from: qwerty12 on February 08, 2018, 09:23:58 AM

as we know, bitcoin prices are very sensitive to issues and news.
for example, a few weeks ago, authorities in China were reportedly planning to block domestic access to Chinese and foreign virtual currency platforms that allowed trade to be centralized.
Apparently, investors are monitoring the warnings from a number of regulators and the increasing crackdowns on the virtual currency market in China.
of course issues and news like this contribute to the fall of bitcoin values today.

Its called FUD and that's the main factor of any downfall on cryptocurrency. I heard Whales are also the one who is/can control the price of BTC, but I find it hard to believe because there's no such proof of this.

mitchel_am

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The main factor is the social media and all the fake news. Bad news travel faster than the positive ones so people see more bad and fake news than the real ones. This is what makes them sell

qwerty12

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as we know, bitcoin prices are very sensitive to issues and news.
for example, a few weeks ago, authorities in China were reportedly planning to block domestic access to Chinese and foreign virtual currency platforms that allowed trade to be centralized.
Apparently, investors are monitoring the warnings from a number of regulators and the increasing crackdowns on the virtual currency market in China.
of course issues and news like this contribute to the fall of bitcoin values today.

Allan004

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as far as i know. the cause of downfall of bitcoin. is in the investor of bitcoin.

qtypatuty

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One factor of the downfall is bitcoin's volatility, so there will always be a time when bitcoin's value increases and decreases. It's just fluctuating. Another factor of bitcoin's downfall are the people who sell due to panic from that "downfall." They sell their bitcoin for the reason that they get afraid that they will lose everything that they invested.

Random Seller

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There are many factors that have cause or would have caused bitcoin prices to go down.

But at the end of the day, the only thing that people can agree on is no one actually knows what’s causing the price to go down.

LogitechMouse

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Quote from: sandarajasmine on February 06, 2018, 12:07:02 PM

As we all know, bitcoin price is currently falling. Is there any factor/cause of that?

One factor and probably the biggest factor of the downfall of the bitcoin's price is the NEWS spreading across the internet. The news that are spreading to the internet is a big factor especially if that news is a FUD. If they saw the negative news about bitcoin, they will panic and sell all of their bitcoins making the price to decrease. If good news is released then many will buy bitcoin again and the price of bitcoin will rise again.

drm

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People just want fiat profit. They don't care about bitcoin.
The people who get in for profit might see their money go down the drain. They pull out again, and they will never invest in bitcoin ever again.
Leading to long consolidation periods.

nagiblem

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Quote from: sandarajasmine on February 06, 2018, 12:07:02 PM

As we all know, bitcoin price is currently falling. Is there any factor/cause of that?

The only thing that comes in my mind during the downfall that means it is a sale we can buy bitcoin at a lower cost and we can keep it for a long term for a higher income.

daduremi

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I think only one, the factor causing the fall of bitcoin
ie media, almost 90% of news in the media, always preach negative about bitcoin, and it's like a stove.
makes everyone panicked, and weak hands will sell their coins, it also brings bad effects to bitcoin, causing bitcoin prices to fall

viarathel

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There may be several factors affecting the fall of bitcoin: Bitcoin restrictions in some countries, The existence of such news as India announces it will ban Bitcoin, high bitcoin volatility rate that brings many sudden fluctuations that cause a loss, and also the limitation of use or purchase bitcoin.Dan total market cap also decreased more than 50%

Catmony

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There are many known and unknown factors acting simultaneously right now causing dump on market;

- fud around the world about different type of ban on crypto trading
- panic sellers selling for loss due to FOMO
- old investors who have bought near $1k taking out profit with hope to buy back cheap coins after more dump

Virman01

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there may be several factors that affect the decline in bitcoin prices, as we see now, and one of them is the volume of sales rather than purchases, I think that is one factor, apart from the restrictions that exist in various countries and even included in the factor of falling prices bitcoin.

sandarajasmine

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Quote from: jvdp on February 06, 2018, 12:30:31 PM

Quote from: sandarajasmine on February 06, 2018, 12:07:02 PM

As we all know, bitcoin price is currently falling. Is there any factor/cause of that?

This is not any factor But every year crypto market is down in First two months because some financial situation. This year many countries are banned in the cryptocurrency then again they fix some taxes and some countries are announced it is not suitable our country so they are not approving legally in cryptocurrency this also one of the issues in the market. Some hacking issues also affected in the market then lighting network is one of the reason.

Awesome! Thank you for enlighten me.

warning_btc

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News by news i read about restrictions for using or buying bitcoins. And total market cap also decreased more than 50%

Pansamantala

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There are numerous factors to blame for the current situation where bitcoin was in. A factor that is seen as the most prominent reason for this drop is bitcoin's high volatility rate which brings about numerous sudden value fluctuations. Another is the massive panic selling done by many investors. it hurts and hinders bitcoin's ability to bounce back and regain its losses.

kelsiivo

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Only cause is the bad news we are hearing about it. Like when Indian announced it is going to ban Bitcoins, we saw decrease in price.

TheySeeMeHodlingTheyHatin

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people dont understand that the technology is improving and is panic/stupidly selling !

clever people are buying now
dumb people are selling now

jvdp

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Quote from: sandarajasmine on February 06, 2018, 12:07:02 PM

As we all know, bitcoin price is currently falling. Is there any factor/cause of that?

This is not any factor But every year crypto market is down in First two months because some financial situation. This year many countries are banned in the cryptocurrency then again they fix some taxes and some countries are announced it is not suitable our country so they are not approving legally in cryptocurrency this also one of the issues in the market. Some hacking issues also affected in the market then lighting network is one of the reason.

sandarajasmine

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As we all know, bitcoin price is currently falling. Is there any factor/cause of that?

Topic: What is the factor of downfall of bitcoin? - page 2. (Read 404 times)