Topic: what's dragging the bitcoin price down? (Read 642 times)
The decline in bitcoin prices caused by negative news made the market full of panicked sellers. Be patient the market will increase gradually, and if you can hold it you will benefit.
usually the topic that makes bitcoin prices fall is from the topic of a ban from some governments in the country if there is a country that prohibits the circulation of bitcoin, the price will usually fall.
What's dragging the bitcoin price down?
How do you think?
I think it is beyond the dragging price thing, I think it is at a level where bitcoin is not kept under-priced and low by someone, I think it has been so long since the last big bull run that the price just got stuck here and instead of someone keeping it low it became more like someone needs to push it upwards.How do you think?
Hence, instead of looking to blame whales for the price being so low and them keeping the bitcoin price low we should also check out how much transactions happens on exchanges and how little volume got and how the buy and sell is balanced and the price requires people to get in and buy in a rush for bitcoin to go up but no one buys like that anymore so it is kinda our fault instead of others.
There's always some fake news that is coming out and most of us believes to that news and most people influence that news so that most of us making panic selling that's why bitcoin price is dropping.
The number of unprofessional investors is too great. Lead to the (sell off) a lot. They participate as gamblers and want to get rich quick. Accompanying these are the bad guys taking advantage of the market to do something illegal. This leads to a large number of people who do not like the market. Supply and demand are not balanced. 
Warren Buffett and Bill Gates, both billionaires' view of cryptocurrencies has an impact on retail investors. This might be the main reason behind it.
However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.
What's dragging the bitcoin price down?
How do you think?
However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.
What's dragging the bitcoin price down?
How do you think?
Of course not, so far no direct correlation has been found between bitcoin and any other market, because unlike conventional markets that seem to obey with certain degree of certainty to certain economic cycles, bitcoin follows its own dynamics , much more influenced by the rumors and the psychological aspect of the markets.
In addition, the behavior that bitcoin has had in recent weeks seems quite stable, so I can't distinguish any type of overreaction in the market to recent rumors. Perhaps the market has already become accustomed to the constant attacks against bitcoin, and they have made it much more resilient.
I think there are some influencial people or investors who are known as "whales", they plays a great impact on the price fluctuation of bitcoin. For making a huge amount of profit they sell their coins at cheaper rate and buy a large amount when the price is lower. Besides, a lot of fuds going on about bitcoin. This is also effecting the price of it
Because:
The shifting interest of Bitcoin users to other types of digital money such as Altcoin.
The occurrence of selling by many speculators which are usually caused by panic sales over the influence of FUD.
Warren Buffett and Bill Gates, both billionaires' view of cryptocurrencies has an impact on retail investors. This might be the main reason behind it.
However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.
What's dragging the bitcoin price down?
How do you think?
Lots of negative news that accompanies news about bitcoin. That's why the bitcoin price is down and unstable. Some things can even make the bitcoin price drastically. One way we can do is to continue to use and trust bitcoin. This will increase confidence so that bitcoin prices will be stable and may increase.I However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.
What's dragging the bitcoin price down?
How do you think?
There's always some fake news that is coming out and most of us believes to that news and most people influence that news so that most of us making panic selling that's why bitcoin price is dropping.
Bill gates and Buffet has nothing to do with it they are just the wealthiest people in the world that is saying that you should know what you are investing with even Bill gates said that "Big risk Big win" "If you didn't understand that, that is your problem. It is the stake holder(investors) who keep selling even they are not getting profit.
Guys, I want to remind you that bitcoin is a marathon, not a sprint - we don't need to worry about the price of BTC in a day or week.
Sure, short-term we will probably go a bit down - but we will soon go into a new steep uptrend and go into a full bull market mode.
Don't listen to Buffer or Gates - these guys are icons of the traditional system linked to wall street, financial worlds and banks.
Sure, short-term we will probably go a bit down - but we will soon go into a new steep uptrend and go into a full bull market mode.
Don't listen to Buffer or Gates - these guys are icons of the traditional system linked to wall street, financial worlds and banks.
the value of a number of major digital currencies dropped following news broadcast of the plan to ban cryptocurrency trading by South Korea. this is one of the causes of the current price decline.
Many fuds, banning crypto that really dragging bitcoin price in down. Yes it causes price decline so definitely others sells their btc. However, these case should changes to go high as price of btc is always like this ups and down. FUDS, there are so many of this that going around the community.
PANIC, many people do believe in FUD and people get panic and sell their coins just to get out of the situations which is wrong.
i hope people will get into their minds and have their own research and decision.
is it just about FUD and if it is true like that it will not be possible all types of coins mhampir come down drastically whether this has anything to do with the supply of large investors in China? PANIC, many people do believe in FUD and people get panic and sell their coins just to get out of the situations which is wrong.
i hope people will get into their minds and have their own research and decision.
There are so many false news coming about bitcoin this would make the price decrease. News like bitcoin is going to be banned or ilegal. People get panic about this news and they are ready to sell their bitcoins. This will make bitcoin price down. Due to demand of supply in the market and people are not ready to invest due to this reason the bitcoin price is not stable. It goes down and then up so we cannot judge the market correctly.
the value of a number of major digital currencies dropped following news broadcast of the plan to ban cryptocurrency trading by South Korea. this is one of the causes of the current price decline.
I think the 2 major reasons for the current decline are:
#1:
The failed attempt to break 10k $ / BTC. People still remember how the price didn´t manage
to break the resistance and since then the price has dropped. Traders just don´t see the
upside as of now and expect a prolonged bear market.
#2:
The upcoming failure of most ICOs and the looming threat of the classification
of major altcoins (XRP, ETH) as a security. If the SEC finally cracks down on these
projects this will have severe implications for the total market cap of the cryptocurrency
space. ETH and XRP will lose a huge percentage of their value and this will affect the
Bitcoin price, too (after all the rise of the altcoins played its part in the rise of
the BTC price).
However, this is actually good for the long-term future of Bitcoin. It is about time
that all the sketchy money grabs in the altcoin space finally die and people start to realize
that Bitcoin is superior to every single altcoin.
#1:
The failed attempt to break 10k $ / BTC. People still remember how the price didn´t manage
to break the resistance and since then the price has dropped. Traders just don´t see the
upside as of now and expect a prolonged bear market.
#2:
The upcoming failure of most ICOs and the looming threat of the classification
of major altcoins (XRP, ETH) as a security. If the SEC finally cracks down on these
projects this will have severe implications for the total market cap of the cryptocurrency
space. ETH and XRP will lose a huge percentage of their value and this will affect the
Bitcoin price, too (after all the rise of the altcoins played its part in the rise of
the BTC price).
However, this is actually good for the long-term future of Bitcoin. It is about time
that all the sketchy money grabs in the altcoin space finally die and people start to realize
that Bitcoin is superior to every single altcoin.
I don't think any of these factors are dragging bitcoin prices down. The real deal is about government regulations. It is the major reason bitcoin don't get the needed support to rally it price .
Remember that only a few countries do have regulations in regards the industry, as a matter of fact, it is not directly to regulate cryptocurrency but to ICOs. It's indeed that some government do not allow nor do not consider crypto as a form of advance of Technology (Conspiracy theory, a technology in which they can't earn is not a technology at all.) There are a lot of factors to considers, anything we think could be a factor. Nonetheless that there are already facts that it isn't. At the end of the day, these are all speculations.
Well for me it's natural. Its part of the fluctuation that defines this market and what drags bitcoin down may also be what may cause it to soar. Speculations, news, whale manipulation, these factors can either have positive or negative effects on btc
Buffet and gates are the reason why bitcoin decreases it's value in the last year right and today the reason behind that decreasing value is those people who are spreading some FUD about bitcoin after that people that heard that FUD will going to panic selling that's why it decreases.
There were times when some of the opinions have impacted the market but the recent thing is entirely different, Buffet and Gates are good at what they do and that does not mean that they have an idea about the bitcoin market and it wont influence anyone in the long run, they can have a negative view about it, it does not matter in the long run and the reason for the correction i think is the movement of coins from the Mt Gox cold wallet and the raid in Korean exchanges.I, as well believed that the main reason of price pull back of Bitcoin was caused by the mass sold out of Bitcoin in a Korean exchange couple of days ago when the price starts to fall. Although the comments and suggestions of these most influencial people may become one of the grounds for Bitcoin price to fall, but that doesnt always work. Specially when everything is going the other way.
As we can see, Bitcoin today is starting to crawl back up. Maybe after the consensus the price would make a rally.
I'm not aware of a recent mass sold out of bitcoin in a Korean exchange though. Maybe I'm just lost here because I was out of the action for a couple of weeks. The only latest news that I'm aware that might cause this massive drop from almost $10K-~$9K is Warren and Bill negativity statement on bitcoin.
Anyways, yes we are making a significant gains in the last couple of days when it bottomed at $8300. I read that there is a New York Blockchain consensus and their are a lot of participants so I'm really excited and it looks like it boost the price above $8700 now. Let's see how it pans out and I hope that we can go above $9K again or even $10K before the end of the month.
I even think at first that there must be a price manipulation trick behind the Consensus 2018 event, but I guess its not possible.
With anonymity behind every bitcoin, to say that the price is being manipulated is very speculative.
Not aware either about a mass sold out of any Korean Exchange, can someone tell me which exchange actually?
Indeed, Buffet and Gates' opinions could affect and influence many many big names in the economy (and even small ones too), as they have proven their thoughts' worth being colossal in the world of business.
I don't think any of these factors are dragging bitcoin prices down. The real deal is about government regulations. It is the major reason bitcoin don't get the needed support to rally it price .
Remember that only a few countries do have regulations in regards the industry, as a matter of fact, it is not directly to regulate cryptocurrency but to ICOs. It's indeed that some government do not allow nor do not consider crypto as a form of advance of Technology (Conspiracy theory, a technology in which they can't earn is not a technology at all.) There are a lot of factors to considers, anything we think could be a factor. Nonetheless that there are already facts that it isn't. At the end of the day, these are all speculations.
Buffet and gates are the reason why bitcoin decreases it's value in the last year right and today the reason behind that decreasing value is those people who are spreading some FUD about bitcoin after that people that heard that FUD will going to panic selling that's why it decreases.
There were times when some of the opinions have impacted the market but the recent thing is entirely different, Buffet and Gates are good at what they do and that does not mean that they have an idea about the bitcoin market and it wont influence anyone in the long run, they can have a negative view about it, it does not matter in the long run and the reason for the correction i think is the movement of coins from the Mt Gox cold wallet and the raid in Korean exchanges.I, as well believed that the main reason of price pull back of Bitcoin was caused by the mass sold out of Bitcoin in a Korean exchange couple of days ago when the price starts to fall. Although the comments and suggestions of these most influencial people may become one of the grounds for Bitcoin price to fall, but that doesnt always work. Specially when everything is going the other way.
As we can see, Bitcoin today is starting to crawl back up. Maybe after the consensus the price would make a rally.
I'm not aware of a recent mass sold out of bitcoin in a Korean exchange though. Maybe I'm just lost here because I was out of the action for a couple of weeks. The only latest news that I'm aware that might cause this massive drop from almost $10K-~$9K is Warren and Bill negativity statement on bitcoin.
Anyways, yes we are making a significant gains in the last couple of days when it bottomed at $8300. I read that there is a New York Blockchain consensus and their are a lot of participants so I'm really excited and it looks like it boost the price above $8700 now. Let's see how it pans out and I hope that we can go above $9K again or even $10K before the end of the month.
I even think at first that there must be a price manipulation trick behind the Consensus 2018 event, but I guess its not possible.
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