What is the main reason for Bitcoin Price down? Will it stay for a long time? - page 6.

redsun114

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Quote from: xiaohao111 on February 09, 2018, 06:59:04 AM

Quote from: akashark on February 06, 2018, 07:49:31 PM

Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?

A few days ago, the price of bitcoin suddenly fell, and many people lost a lot of money. I think there are many reasons.
For example, the bad news about bitcoin in China, South Korea and India has seriously affected people's judgment of bitcoin, causing people to panic and sell their bitcoins.

People should do proper research before trusting rumors that are spread by opponents for defaming bitcoin and horrifying the bitcoin investors. They often succeed in their plans with the help of newcomers who are not having good experience of the crypto market.

Bitcoin is the one which has been there in the crypto world when no other coin was there. Bitcoin is not going to destroy your investment and capital at all, rather it is the most trusted mode of investment for increasing wealth.

Irvinn

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Now there are many reasons why bitcoin has fallen in price. First of all, bitcoin went to correction after its take-off in price to $ 20,000 in December. Then there were various negative news regarding the crypto currency, among which there were many false ones. Not the least role in the fall of the bitcoin course is played by the presence of its unresolved defects, namely, the poor scalability, which hang due to this transaction and the high commission fees for their conduct. And in the end, a big panic among users of crypto-currencies, especially young ones.

annango

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Quote from: datodota002 on February 07, 2018, 12:10:09 AM

i feel bad for your brother, but this is the lesson for ur to not put all of your money on bitcoin, like people say "use money that you can afford to lose". Because bitcoin is very unpredictible and bitcoin still not legalized on most of country. so it's still very risky to use all of your money to bitcoin.

As far as I know that there are many people got shock or heart attack with bitcoin’s price now .Nobody can know the major reason why bitcoin goes down currently, but to speak frankly I suppose that this is really normal. Because we all know that bitcoin is notoriously volatile which make us be hardly predict its fluctuation . Especially, one commodity that most of us both know that bitcoin or cryptocurrencies requires us lots of risks, we’d better not use all of our money for this digital currency. Almost the people who had worried too much ,both invest all money for its. In totally ,it’s really difficult for us to get a huge benefits, you and me shouldn’t be too risky to put all our asset for bitcoin or another

bitcoin_hater

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People want to sell it more than others want to buy, that's the reason

divyasdm11

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Each time Bitcoin price dropped like this was because the Lunar New Year was approaching. Chinese New Year, or the Lunar New Year, is an important Chinese festival celebrated at the turn of the traditional lunisolar Chinese calendar.

Because Asia is a dominating player in the crypto market the total market cap has always taken a hit in January. Nothing to worry about, just the Chinese New Year and "panic selling" dropping the price, not the value, the perfect time to acquire more.for sure it will stay for a long time

Washball

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The price decrease did not come all of a sudden, we saw it coming day after day. After the FUD about China and Korea banning cryptocurrencies, then the hack of Coincheck and then later the news about India also banning crypto, the price dropped below 6K. But then it increased again after the US Senate hearing on cryptocurrencies. Hopefully the bullish trend will take the price to the levels we've seen before.

Zentor

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Just some whales wanted to buy some bitcoin. A lot of fake news dropped down the price. I hope they bought enough already.

DMiracle1

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One good reason is that big banks and financial institutions bans Bitcoin purchases on their credit cards. Using the excuse that buying crypto-currencies might get people into debt, they simply choose to abuse the rights of their customers by telling them what they are allowed to buy with their credit cards. All of a sudden a bank is concerned about someone getting into debt? Funny isn't it?

ShadyMash

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i think main reason for bitcoin price down is Indian media spread a false news that Bitcoin is illegal in India.so lot of new investors from india and other countries sell their bitcoins.and also the rumor about south Korea ban bitcoin is another reason for this bitcoin dump.but now the all the fuds are gone and bitcoin become stable.it is growing little by little and we will see a all time high soon.

just a man

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There have been numerous speculation stories. Some whales try to make money by manipulating. Investors sold quickly and in large quantities under the influence of panic sentiment. I think it is expected to improve next month.

If the things go well in the United States and the people get their tax returns then Bitcoin's price could increase some.

Momoamzad

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Quote from: akashark on February 06, 2018, 07:49:31 PM

Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?

It can be China banned bitcoin is the reason behind the downing price of bitcoin. But may be it can be recovers soon. So don't worry

EnaksiS

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I think a big government is behind this fall. It could be US or kingdom. Also they could be the one which is behind the pump. I believe they are trinn to scare people and making their cryptocurrency. Because they one this thing is the future but bitcoin is not ownable.

YoungMaster

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Quote from: akashark on February 06, 2018, 07:49:31 PM

Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?

Rumors about FUD and regulation of bitcoin that made the prices down so far.
Tell your brothers. there is no need to be depressed and don't let them sell their bitcoin, because the prices will return to normal when some of these rumors are gone.
Just sit tight and be patient.

bitcoinmasterlord

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Quote from: panukurap on February 09, 2018, 09:15:48 AM

The cause of bitcoin falls now, because of the bad news on bitcoin, one of which is the news about banned bitcoin in India. With more and more bad news about bitcoin, it will make many people panic and sell their assets. The more people who sell bitcoin will make the bitcoin price lower, but I'm sure it will not last long, in the next few weeks it will all be back to normal.

This is fake news, Indian governament clearly mentioned that they are not entertaining Bitcoin payment mode but Crypto trading is legal. If you receive any money from exchange site you have to pay tax to governament. they collected information who all registered in exchange sites and if you received money from these exchange sites on or before 31st of March you guys will receive IT notice.

This news announced a few days ago but I am not sure. I read this news in some articles.

panukurap

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The cause of bitcoin falls now, because of the bad news on bitcoin, one of which is the news about banned bitcoin in India. With more and more bad news about bitcoin, it will make many people panic and sell their assets. The more people who sell bitcoin will make the bitcoin price lower, but I'm sure it will not last long, in the next few weeks it will all be back to normal.

bitkanu

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Quote from: chocolaty on February 09, 2018, 09:10:08 AM

Quote from: akashark on February 06, 2018, 07:49:31 PM

Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?

Lately, there have been so many occurences in crypto market that may have caused its awful dump. Different countries have their own different issues about cryptocurrencies and it afflicted the market badly. Some false news were scattered in this forum which made the people panic. I think bitcoin is still trying to recover and since its pump was extremely surprising last year, it is recalibrating. Let us wait and be patient.

Those fun regarding bitcoin regulation and Chinese & Korean bitcoin crackdown that are, but pretty sure that those factors aren't the main thing that makes the price be dumped so hard like now. It's because there's so many newcomers come to bitcoin lately trying to earn some fortune but ended up easily panicked and doing a panic sell. The dump is not worse than the last year's, it looks huge because the amount or price of bitcoin is huge too, but I believe that in the middle of the year, it'll start recovering up again and we'll soon see new ATH but that's just my believe.

chocolaty

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Quote from: akashark on February 06, 2018, 07:49:31 PM

Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?

Lately, there have been so many occurences in crypto market that may have caused its awful dump. Different countries have their own different issues about cryptocurrencies and it afflicted the market badly. Some false news were scattered in this forum which made the people panic. I think bitcoin is still trying to recover and since its pump was extremely surprising last year, it is recalibrating. Let us wait and be patient.

evader11

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I guess the main reason why the price of bitcoin is going down is because of the governments who want to do their best to make it an illegal way of earning money all over the world. They always find time to make bitcoin price down so that all the participants on that site will no longer find time to invest or to trade in it. I think it will last if all the governments in all over the world will be participating and supporting bitcoin.

spiritguardcharles

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The concept of bitcoin is mostlikely the same as in fiat currency since it was derived from the relation of demand and supply.Which mean if the demand for bitcoin is continously dropping in a long period of time then it's value will be lowered also. To put it another way,it's value is actually depends to it's demand and supply in which mostlikey affected under different circumstances such as the influence of media and other external factors that affects the demand for bitcoin including the changes in the market

xiaohao111

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Quote from: akashark on February 06, 2018, 07:49:31 PM

Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?

A few days ago, the price of bitcoin suddenly fell, and many people lost a lot of money. I think there are many reasons.
For example, the bad news about bitcoin in China, South Korea and India has seriously affected people's judgment of bitcoin, causing people to panic and sell their bitcoins.

Topic: What is the main reason for Bitcoin Price down? Will it stay for a long time? - page 6. (Read 1845 times)