they say it was because of that exchange hack but i think people have been looking so hard for some reason to blame this fall upon and they finally found it after the fact!
in any case when things are like this in the market i personally prefer not to speculate any more and also stay away from trading bitcoin. if you have coins you want to sell then do it and stay away and if you have coins you want to hold then hold it and stay away.
Topic: What is the Main Reason behind this Bitcoin Fall? - page 5. (Read 674 times)
I Never thought that I Have to see bitcoin is under 7K USD again in This year. Because we already did this about a couple of months ago! And now Repeat Bitcoin is under 7K USD! And the market trend says that Bitcoin can go under 6K USD too. But what is the actual reason behind this vast fall? I haven't seen any robust lousy news or anything like that, Then why bitcoin is continuously decreasing? My friends are laughing at me, who sold their bitcoin when it was 14K USD! That time I told them you guys are doing wrong, Hold your bitcoin, Bitcoin Price will rise again. And now I am regretting really 
Nobody can say what the exact reason was behind this decline but we can surely predict the possible reasons why this happened.It might be because of the recent south korean exchange hack . Coinrail is the 99th top most crypto exchange which got hacked recently leading to a losses of about $30 million. Media says that this was the reason behind the Bitcoin price fall whereas there are people saying that it was because of the probe launched by the US regulators to identify the price manipulation, which made Bitcoin fall below $7k . We can't really say what caused the fall.
I think the Coinrail hack and the price manipulation investigations on some exchanges may have affected the price, but we also do not have fuel for new highs, the market was walking sideways for a few days, and with that news had what it needed to fall.
Try to see the current market conditions, ETH more dominate, now it is more online transactions conducted through ETH than on via BTC.
I Never thought that I Have to see bitcoin is under 7K USD again in This year. Because we already did this about a couple of months ago! And now Repeat Bitcoin is under 7K USD! And the market trend says that Bitcoin can go under 6K USD too. But what is the actual reason behind this vast fall? I haven't seen any robust lousy news or anything like that, Then why bitcoin is continuously decreasing? My friends are laughing at me, who sold their bitcoin when it was 14K USD! That time I told them you guys are doing wrong, Hold your bitcoin, Bitcoin Price will rise again. And now I am regretting really
Same old story that we have to face. Some people made a FUD. I really doubted that the exchange that was hacked was made off by themselves to scare out of people to sell their holdings.
I think the main reason is spreading FUD. May be that 95k BTC shifted to exchange but if that is the case market had digested that sell-off because volume last 24 hour is around 100k higher than usual, and as market has digested that 95k btc sell in cost of $600.
probably because of the hacking that happened in the Korean exchange Coinrail and also after the news that wall street was investigating 4 major cryptocurrency exchanges on alleged price manipulation.
I do think that the biggest factor is the governance by the whales.
They along with bigger companies holding a fair share of Bitcoins , tend to change the market according to their will and that's something that's not good .
The price also usually goes down around this time , but it doesn't drop that much.
I think also the festival season was near thus people encashed the Bitcoins and also the whales , summing up both of it could decrease the price of Bitcoins enormously , it could be the reason ..we cannot be sure of anything completely because it's decentralized.
They along with bigger companies holding a fair share of Bitcoins , tend to change the market according to their will and that's something that's not good .
The price also usually goes down around this time , but it doesn't drop that much.
I think also the festival season was near thus people encashed the Bitcoins and also the whales , summing up both of it could decrease the price of Bitcoins enormously , it could be the reason ..we cannot be sure of anything completely because it's decentralized.
I Never thought that I Have to see bitcoin is under 7K USD again in This year. Because we already did this about a couple of months ago! And now Repeat Bitcoin is under 7K USD! And the market trend says that Bitcoin can go under 6K USD too. But what is the actual reason behind this vast fall? I haven't seen any robust lousy news or anything like that, Then why bitcoin is continuously decreasing? My friends are laughing at me, who sold their bitcoin when it was 14K USD! That time I told them you guys are doing wrong, Hold your bitcoin, Bitcoin Price will rise again. And now I am regretting really
Everybody knows that there is an Exchange that has been hacked. And it is so normal since Bitcoin's price is so near to the major support line. So, you should try to hold on much longer.
The main reason for depreciating of price of bitcoin is the Government is trying to regulate digital currency and also some whales have forecasted the price will reach $40k by end of the year and they are now using their power to bring the price down so that they can accumolate enough before the price will increase.
the fall now was some exchanger were under investigation regarding the market manipulation
they said due to hacking
But what is the actual reason behind this vast fall?
It can be this incident.Coinrail Exchange Hacked, Loses Possibly $40 Million in Cryptos
My friends are laughing at me, who sold their bitcoin when it was 14K USD! That time I told them you guys are doing wrong, Hold your bitcoin, Bitcoin Price will rise again. And now I am regretting really
What you feeling isn't different to most of the holders here. Let them laugh for now if they have sold at $14,000 and if they are thinking that they are in profit now. Just don't think about them, focus on your holding.
But what is the actual reason behind this vast fall?
It can be this incident.Coinrail Exchange Hacked, Loses Possibly $40 Million in Cryptos
My friends are laughing at me, who sold their bitcoin when it was 14K USD! That time I told them you guys are doing wrong, Hold your bitcoin, Bitcoin Price will rise again. And now I am regretting really
What you feeling isn't different to most of the holders here. Let them laugh for now if they have sold at $14,000 and if they are thinking that they are in profit now. Just don't think about them, focus on your holding.
The price is resisting above the $ 6700 level, which means that a corrective wave will follow the recent decline.
I also think this decline forced due to influences beyond the usual supply and demand "Bad news or regulatory action."
Will the price remain in this range? I do not think so but "every session has a different discussion."
I also think this decline forced due to influences beyond the usual supply and demand "Bad news or regulatory action."
Will the price remain in this range? I do not think so but "every session has a different discussion."
I Never thought that I Have to see bitcoin is under 7K USD in This year. Because we already did this about a couple of months ago! And now again Bitcoin is under 7K USD! And the market trend says that Bitcoin can go under 6K USD too. But what is the actual reason behind this vast fall? I haven't seen any robust lousy news or anything like that, Then why bitcoin is continuously decreasing? My friends are laughing at me, who sold their bitcoin when it was 14K USD! That time I told them you guys are doing wrong, Hold your bitcoin, Bitcoin Price will rise again. And now I am regretting really
To me I think that this fall is just as surprising as every time that bitcoin suffers a fall. But I thibk that one of the reasons is due to news that some countries are barring it and rumors that whales might be about and trying to stir this so that they can buy more bitcoin seems likely. I for one am also watching the price drops and the news surrounding it as this would be the time that would test our conviction to the bitcoin market
I Never thought that I Have to see bitcoin is under 7K USD again in This year. Because we already did this about a couple of months ago! And now Repeat Bitcoin is under 7K USD! And the market trend says that Bitcoin can go under 6K USD too. But what is the actual reason behind this vast fall? I haven't seen any robust lousy news or anything like that, Then why bitcoin is continuously decreasing? My friends are laughing at me, who sold their bitcoin when it was 14K USD! That time I told them you guys are doing wrong, Hold your bitcoin, Bitcoin Price will rise again. And now I am regretting really
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