Topic: What is the reason of the recent drops in Bitcoin price? - page 2. (Read 509 times)
The network is working incredibly fine. So I think it's just the fact that there is not much hype around it right now. And maybe it is a good thing, since there was too much people entering crypto for a quick buck, without any knowledge about the technology and no long term mindset.
At a basic level, low volume. In fact, today Bitcoin saw the least amount of volume it’s seen since late November. It’s about half of the volume average of the last 30 days. The last time volume was this low, the BTC price (and therefore market cap) were almost exactly the same.
If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.
This is what we need to see before we can expect any major move up BTC
If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.
This is what we need to see before we can expect any major move up BTC
When bitcoin price drop down, many people's panic and sell their bitcoin, because of that the price drop down. But that issue about bitcoin sometimes is not true, so calm down and hold your bitcoin. Bitcoin every years increase fast, believe that first before invest in bitcoin.
Bitcoin until now is still leaders of the market.
Many holders sell their Bitcoin instead of holding it they might get panic when the wave becomes big and think that it will continue and never stop but we should remember that there is always a sun after the rain same as Bitcoin fall it will pump sooner.
I have been hearing this for quite a long time now. Bitcoin prices have become kind of stagnant for last 3 months and I do not see any positive hope sooner. I have only heard negative news related to bitcoins like Facebook, Google and Twitter banning crypto. Google alert trends also show that the search related to bitcoins as dropped considerably over the last few months. Still invested though as I do not need any money urgently.
The most direct reason for the recent fall of bitcoins is that the valuation of encryption is too high. There are many altcoin with only empty white paper plan. Nowadays, the encryption world doesn't have many specific applications. If there are any policies of FUD or those big cryptographic powers for bitcoin, it will easily lead to investor confidence decline. This market is very fragile.
for all the bitcoin value due to the decrease in exchange rate so we do not know why sometimes the bitcoin exchange is lower.
I think the storm is over. Through the data of the ten exchanges, we can see that the volume of trading is now rising, up by about 70% at the lowest level last week. In the past week and G20 meeting, Facebook and Google banned the advertising of encryption, and the mood of the market needed a little time to recover. Now the investment sentiment is very low.
whenever market goes up enormously it has to take a step back for correction and this is what is happening with BTC and other cryptocurrencies. It's just normal market trend. The important point is not to sell in a panic just HODL.
Not only one reason behind this recent drop in bitcoin price.The main reaso is most trustable and famous platfom like facebook and google banned the advertisement related to crypto so all people spread rumours that bitcoin will ban soon so most of people sell their btc and that's why the the volune of btc decreased too much.i heard one onther news that one excahange was close and sell their all BTC but i am not sure about it.
I have 2 assumptions about why this happens. Firstly, it is possible that today bulls simply accumulate forces and are waiting for perspective figures on the charts to go to the market.
and secondly, which is more likely, BTC has ceased to be interesting, because the transactions are too long, etc. We all know the problems of btc
and secondly, which is more likely, BTC has ceased to be interesting, because the transactions are too long, etc. We all know the problems of btc
At a basic level, low volume. In fact, today Bitcoin saw the least amount of volume it’s seen since late November.
it was not the lowest, we have had much lower volume in past couple of months.besides lower volume is what happens when the price is not moving and in the day you are talking about the price movement was lower than 5% and you are comparing this volume with the volume of the time when price was rising up to 20% a day back in November! it is obvious that when price is moving up and down this large the volume is also going to be a lot more because of all the trades that will be happening.
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It’s about half of the volume average of the last 30 days. The last time volume was this low, the BTC price (and therefore market cap) were almost exactly the same.
i don't know what the significance of market cap here is! but last volume was the same, price was stable at $11000+ so market cap was higher by about $35 million At a basic level, low volume. In fact, today Bitcoin saw the least amount of volume it’s seen since late November. It’s about half of the volume average of the last 30 days. The last time volume was this low, the BTC price (and therefore market cap) were almost exactly the same.
If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.
This is what we need to see before we can expect any major move up BTC
I think the main reason is bitcoin price is not stabilizes nor permanent so it is normal for bitcoin to drop and pump If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.
This is what we need to see before we can expect any major move up BTC
Price of any products is depends on the number of demand always so, In this matter based on my opinion and experience the main reason of drooping the btc price is the number of bitcoin use in the last few days.
Most of the reasons for the current downturn are the number of bad news and also the seasonal decline as bubbles happen all the time and after the bitcoin rise, it's a very natural thing to happen, and be patient to wait for the ride again.
For now bitcoin needs good news to raise confidence in investors and this will impact bitcoin price increases, it may have been too long for bitcoin prices to date.
I believe recent price drops have been due to an influx of bad news. Facebook and Google have banned ads relating to crypto and ICOs. Many countries are debating how to regulate the crypto market. I think the price will rise again once the storm is over.
A mix of FUD, G20 uncertainty, MTGOX scandal, reduced investor confidence... Many factors that have hurt the market, to see if it will go even lower, or if it can finally consolidate !
At a basic level, low volume. In fact, today Bitcoin saw the least amount of volume it’s seen since late November. It’s about half of the volume average of the last 30 days. The last time volume was this low, the BTC price (and therefore market cap) were almost exactly the same.
If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.
This is what we need to see before we can expect any major move up BTC
the cause of bitcoin continues to decline is the whale making bubble, and there is also a baruk news that prohibits advertising in the world's largest company that is google and facebook, because this problem of bitcoin semangkin decreased, but do not panic bitcoin will return to recover If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.
This is what we need to see before we can expect any major move up BTC
The decline in bitcoin prices of late I think is just as Trend or seasonal, and the future will surely recover the price again, and all will be happy when rising bitcoin.
At a basic level, low volume. In fact, today Bitcoin saw the least amount of volume it’s seen since late November. It’s about half of the volume average of the last 30 days. The last time volume was this low, the BTC price (and therefore market cap) were almost exactly the same.
If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.
This is what we need to see before we can expect any major move up BTC
If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.
This is what we need to see before we can expect any major move up BTC
I think you have it reversed. Bitcoin's price has not lowered because of low trading volume, as much as low volume is occurring because of Bitcoin's lower price.
When it was skyrocketing up it created its own self sustaining pile-one effect where the more it rose the more people piled into it for a quick buck, thus the high volumes. Now that the price has dropped and is trading somewhat sideways, volume has obviously trailed off.
There may be some day trader types who make a few bucks off these smaller moves, but most people aren't going to risk buying/selling the coins they hold for a $100 profit when they could lose a lot more shoudl the market go against them.
The most important drop in bitcoin prices is usually due to bad news in developed countries, and sometimes the news is also like a drama for price bubbles, and I always believe bitcoin will return to high prices again.
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