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Topic: what's dragging the bitcoin price down? - page 2. (Read 642 times)

full member
Activity: 490
Merit: 100
Bitcoin is a volatile dragging cryptocurrency and this volatility is a veryy common nature of bitcoin. The price of bitcoin is on a drag and I think the reason behind this is every negative news about bitcoin. Besides the whates also take part in making the market inconsistent. The ban of crypto in many countries and prihibition in advertising in many sicial sites dragged the price down. The the price is increasing gradually and will soon reach a satisfactory level.
I think negative statement whale manipulation affect the price. Most of the people do not want to invest in bitcoin because they know that there are some people who hold the market and all they done only for their financial betterment. Why should I invest in such a currency which is not going on according to the market cap and there is huge up and down in the price.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
The recent day's price drop is completely because of the negative news that got generated. Whenever the price moves forward, someone will ignite a news leading to collapse the growth. Most of the time it overcomes the scenario, and at times it reacts to the speculation and drops low.
newbie
Activity: 65
Merit: 0
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 .
hero member
Activity: 2632
Merit: 833
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.
hero member
Activity: 2716
Merit: 552
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.
hero member
Activity: 1302
Merit: 532
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.
full member
Activity: 490
Merit: 100
The price of bitcoin is delayed by speculators, as the capitalization of the crypto market by economic standards is not yet large and the slightest fluctuations bring the price back here
Well it is quite natural as bitcoin has fluctuating nature and price sometime gets very high and then again it use to increase, again, as you said there are a lot of people are now speculations and buying bitcoin but even then it is not enough to, make price very high, most of time panic selling contribute to drag price of bitcoin down so I think it’s better not to sell it at panic and wait for price to pump up high with holding for long time fearlessly.
newbie
Activity: 99
Merit: 0
Loss of hype and interest and bulls l, I suppose. Can't see any other real reasons for the price to be that low now. Bulls try to get as much as they can for the low and I hope they want to get profits ASAP
hero member
Activity: 2702
Merit: 585
Leading Crypto Sports Betting & Casino Platform
From my perspective i think if bitcoins buyer are not interested to buying bitcoin then automatically bitcoins price will fall down and if someone manipulates the market then also price will be fall down.
The market success and movements of prices are totally and directly related to the investors of the coins. If the demand of a particular coin is high in the market, it could be judged by the rate at which people are grabbing it and at which frequency. Certainly more people buying same commodity means the competition among people is increasing for attaining the coin and in this way, prices increase.
legendary
Activity: 1414
Merit: 1001
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?
Many factors affect the price of cryptocurrency, I think that it is very difficult to predict because even small news alone can make a very drastic change. The biggest problem is usually trust, when trust disappears there will be a group of people who experience panic and it is fatal to the price of Bitcoin. With panic, the price of Bitcoin can go down drastically, this can actually be avoided by continuing to give trust to bitcoin and one way is to use Bitcoin in doing various financial transactions every day.
legendary
Activity: 1372
Merit: 1252
I already made a thread about this which links to the infamous video:

https://bitcointalksearch.org/topic/m.36984570

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Video there. This will be historic footage which we can revisit in 10 years and have a laugh at these losers. There's always a generational gap in which former kings of empires simply miss the boat badly, and Bitcoin is it this time. Buffet already missed several tech boats, but Bitcoin is going to be missing the boat on steroids for them.
hero member
Activity: 756
Merit: 505
negative news. making the most negative negative news. which in turn disturbs the supply-demand balance.
The embargoes that governments are applying are also important.
this and other negative changes are reducing the price of bitcoin.
sr. member
Activity: 819
Merit: 251
WARREN BUFFET and BILL GATES are just the people who taught us that do not trust anyone and anything in this world because they themselves they do it in the way of success. It is the people who are dragging the price down not only the influencers.
member
Activity: 318
Merit: 10
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?

The negative news in circulation can make the bitcoin price low, because people will panic and they are afraid of losing their money and decide to sell the bitcoin they have, so many are panicked sellers, the bitcoin price may fall.
hero member
Activity: 910
Merit: 512
The market can not be predicted, it goes up and down. But how ever I think the introduction of too many coins is decentralizing the value of the main coins.
I also wanted to talk about this thing. It is becoming an issue now that every other person is launching his currency which is making competition tougher. The main coins are somehow suffering because people have now more options to invest into. But at the same time, these newbie coins in the market are unable to get popularity in short time because of big coins.
full member
Activity: 366
Merit: 100
A drastic fall in the market capital has taken place with the price drop which is due to the negative news that's happening around the world with cryptocurrency. The negative news is the Mtgox issue, inspection on exchanges, debate on ethereum, Indian governments regulatory compliance with bitcoin.
jr. member
Activity: 118
Merit: 1
News of the Securities and Exchange Commission, the United States investigating Bitcoin and other cryptocurrency currencies, led to a drop in Bitcoin prices on Feb. 28 yesterday.
In addition to Bitcoin, price declines also occur in Ethereum, the second-largest digital currency by market capitalization. Virtual currency fell by less than 2%
newbie
Activity: 151
Merit: 0
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?

There may be many people who have little knowledge of cryptocurrency, they are too worried about the crypto value that goes down and they become panic penjaual. I think panicked sellers strongly contribute to the decline in bitcoin prices.
hero member
Activity: 2828
Merit: 518
I believe you have a point there in your submission but in addition to that i will say, Whale has a significant influence over the market value of bitcoin. Negative news is another factor that usually contribute to the downward movement of bitcoin
I've never heard any negative news against bitcoin which could influence it's uptrend motion in the past days. Yes, whales could really change it's market trend and looks like they have taking control and could play the entire crypto market. And we also realize that, fluctuation of prices are very often and we should never think that it won't happen cause it's already a part in crypto.
sr. member
Activity: 1330
Merit: 291
I believe you have a point there in your submission but in addition to that i will say, Whale has a significant influence over the market value of bitcoin. Negative news is another factor that usually contribute to the downward movement of bitcoin
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