No exact reason for it . i think the most persuasive bitcoin price is the volume market or by person or company
and some terrible news like hacked exchange new something like that . and also it will affected with altcoin price too from someone play a thing in their crypto coin to make some profit from it .
Topic: what is the reason why bitcoin going down and how they manage to recover again - page 2. (Read 301 times)
January 11, 2018, 02:27:51 AM
January 11, 2018, 02:27:17 AM
what do you think the exact reason about this ? - thanks for sharing ! more power
Well i think its the FUD all over the news and internet articles that people are reading or viewing, those who are new to bitcoin always read news and sometimes look at internet articles which defame bitcoin, it started when china ban bitcoin from their country and people think that it will follow a chain effect and bitcoin will be ban to from the other first world country.
Recovery of the price will take sometime as the the FUDs news fades off, certainly price will be good for bitcoin this year.
January 11, 2018, 02:10:47 AM
reason?
price going up and down like this (which is small percentage) doesn't need much of a reason. it is normal fluctuations of the price. although this time it is accompanied by some FUD which is making things a little bigger. and the FUD is about banning bitcoin (surprise surprise) in some random country (Korea).
recovery?
yeah, eventually. everyone needs to be able to buy back what they have been selling on tops and then accumulate more in order to get ready for the next phase which is the rally itself.
price going up and down like this (which is small percentage) doesn't need much of a reason. it is normal fluctuations of the price. although this time it is accompanied by some FUD which is making things a little bigger. and the FUD is about banning bitcoin (surprise surprise) in some random country (Korea).
recovery?
yeah, eventually. everyone needs to be able to buy back what they have been selling on tops and then accumulate more in order to get ready for the next phase which is the rally itself.
January 11, 2018, 02:07:19 AM
The more appropriate question is why is it still up in insanely high amount of 1300% from the previous ATH? Not why it's made a tiny retracement from the bubble high.
The peak of 20,000 was not a real price bought by the whole market - it was just a peak bought by a few traders. Since the craziness ended there that peak is gone and the price stabilizes to where there is actually support.
The peak of 20,000 was not a real price bought by the whole market - it was just a peak bought by a few traders. Since the craziness ended there that peak is gone and the price stabilizes to where there is actually support.
January 11, 2018, 02:02:43 AM
what do you think the exact reason about this ? - thanks for sharing ! more power
it is going up again, the whole market started to go down for a while, and i made some profits just by buying some altcoins
But it is going up, it all was a FAKE fud and that is the reason of why a lot of people were scared and they dumped all their coins.
January 10, 2018, 01:18:39 PM
what do you think the exact reason about this ? - thanks for sharing ! more power
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