What's the reason for this bitcoin bleeding? - page 3.

swami84

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Quote from: DiceChain on February 02, 2018, 12:43:24 PM

As far as I know, India has banned cryptopcurrency. So the market goes down. In addition there are some other items related to USDT

I am not sure why everyone is saying India has banned crypto. Everyone I know in India is still trading crypto and will do so. India banned cryptocurrency use for illegal activities like sex trafficking, guns, terrorism etc. The amount of FUD going on by fake news is insane.

DiceChain

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As far as I know, India has banned cryptopcurrency. So the market goes down. In addition there are some other items related to USDT

alexey8080

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Quote from: swami84 on February 02, 2018, 12:08:24 PM

Quote from: alexey8080 on February 02, 2018, 12:05:56 PM

Many reason.

Indian FUD
Korean FUD
Tether Drama.
Bad news like a snowball.

We can not grow forever.

We can grow and will grow. You do realize that less than 1% of world is invested in crypto. That is nothing compared to stocks where like 30% of population is invested in.

I Hope so.
But what we saw in the last few months is not a natural growth, imo.

swami84

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Quote from: alexey8080 on February 02, 2018, 12:05:56 PM

Many reason.

Indian FUD
Korean FUD
Tether Drama.
Bad news like a snowball.

We can not grow forever.

We can grow and will grow. You do realize that less than 1% of world is invested in crypto. That is nothing compared to stocks where like 30% of population is invested in.

alexey8080

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Many reason.

Indian FUD
Korean FUD
Tether Drama.
Bad news like a snowball.

We can not grow forever.

drmarcobelli

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Too much drama probably.
Countries are adding some regulations, some are banning or something.
The tether and bitifinex thing. Also some fake news. Like the India one.

swami84

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Quote from: redwhite037 on February 02, 2018, 11:36:59 AM

There are some bad news from India. and tether and bifitnex exchanges are being investigated and appearing in court. That's some reason I know for this bleeding

There was no bad news from India. They just said that they will ban crypto trading for illegal activities. Plus they do not recognize it is as legal tender. That means that they will not regulate it i.e. no taxes, no FDIC etc etc. That being said it is clear that there is some manipulation going on and all bad news coming in the last few weeks has shown us a few things

1. Never invest in anything that booms. Wait for markets to stabilize
2. Newer investors who came in for a quick moon lambo are the reason why this bubble got created and when they encountered a loss the bubble popped
3. Whales have more power in manipulating prices. I will not be surprised if they can manipulate media too.
4. Seasoned investors should know the timing on when to buy and sell. A good time to sell is Dec and good time to buy is Feb
5. For those who invested 3 months or before are still seeing a profit. This means we are still holding strong. We just have to be more prepared. Newcomers need to wait for 6+ months to see gains or even break even. The market is still bullish. A lot of coins are still coming out with good news and partnerships

Its a matter of time till we see some bullish trend. Till then HODL strong

redwhite037

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There are some bad news from India. and tether and bifitnex exchanges are being investigated and appearing in court. That's some reason I know for this bleeding

justin86

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It is about india but it would happen so I think people have should sold some coins before to buy cheaper now. This rise could not last forever.

swami84

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Quote from: Poink on February 02, 2018, 10:41:12 AM

Quote from: Leooo on February 02, 2018, 09:20:50 AM

I lost too much money due to this btc dip, What is the reason of this dip? Will it recover soon?

FUDers.

Whales are accumulating, just watch the trade amount. As soon as they got their fill, watch it skyrocket to a new ATH.

Remember the JPMorgan FUD late last year? They bought hundreds of millions worth of BTC at a discount shortly after that. Same is happening now, businesses are poised to use crypto and they are investing but at low price. With enough money, you can manipulate the market and make money off weak handed investors. Sad fact or life.

HODL!!!

I think ATH will come in much later. Right now the market is shedding off new scared investors and weaker hands from Asia.

The main reason for this dip is overblown market and rapid hammering by governments and media. I think a lot of new investors came in wishing to make quick money. On the other hand media and governments colluded to time all the FUD news in the last few weeks. While none of believe that this will be the end, I think we were ought to see a huge correction. If you are a new investor, the right time is either buy now or wait till Feb 6th to see what SEC and CFTC hearing says. Be ready for another dip if media exaggerates !!

MacRohard

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just keep calm. even price falling to 2k or 1k. you still can hold. everything will recover soon. maybe need 1-2 years. lol

Vlizze

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It was a bubble that burst. It happens all the time. It will probably head back down to the $4000 range and then go back up to an all time high.

In an unregulated market, this is normal.

Mainman08

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There are so many reasons why bitcoin is dropping. Like some countries are banning cryptocurrency, fake news about bitcoin and i think a group of billionaires are controlling the value of bitcoin.

greenfailure

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Quote from: Leooo on February 02, 2018, 10:36:25 AM

Quote from: SugoiSenpai on February 02, 2018, 09:40:23 AM

Quote from: Leooo on February 02, 2018, 09:20:50 AM

I lost too much money due to this btc dip, What is the reason of this dip? Will it recover soon?

In my own perspective, I think it is just fair for Bitcoin to drop because of its volatility. Bitcoins price will go up again after some time, just be patient and You'll see that the price will skyrocket again. I think the drop happened because the value of Bitcoin has reached high volumes and it has skyrocketed by more than 50% of its current price in 2017. The drop is just a repercussion of the sky-high price of Bitcoin in 2017, the price will return to its normal state sometime this year. Although You have to be patient and hold You Bitcoins if You want to return the value You have invested.

I though that the price is stable at the level of $15k or above.

lol to be stable above a price we need to test that price as support MANY MANY times, right now we are testing 8k as new support. We will need to touch the 8k support line a few times before moving into a new up trend.

Check out previous market cycles for an idea of what is to play out, or don't and just hold your coins. 1 btc = 1 btc always.

Poink

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Quote from: Leooo on February 02, 2018, 09:20:50 AM

I lost too much money due to this btc dip, What is the reason of this dip? Will it recover soon?

FUDers.

Whales are accumulating, just watch the trade amount. As soon as they got their fill, watch it skyrocket to a new ATH.

Remember the JPMorgan FUD late last year? They bought hundreds of millions worth of BTC at a discount shortly after that. Same is happening now, businesses are poised to use crypto and they are investing but at low price. With enough money, you can manipulate the market and make money off weak handed investors. Sad fact or life.

HODL!!!

Leooo

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Activity: 158

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Quote from: SugoiSenpai on February 02, 2018, 09:40:23 AM

Quote from: Leooo on February 02, 2018, 09:20:50 AM

I lost too much money due to this btc dip, What is the reason of this dip? Will it recover soon?

In my own perspective, I think it is just fair for Bitcoin to drop because of its volatility. Bitcoins price will go up again after some time, just be patient and You'll see that the price will skyrocket again. I think the drop happened because the value of Bitcoin has reached high volumes and it has skyrocketed by more than 50% of its current price in 2017. The drop is just a repercussion of the sky-high price of Bitcoin in 2017, the price will return to its normal state sometime this year. Although You have to be patient and hold You Bitcoins if You want to return the value You have invested.

I though that the price is stable at the level of $15k or above.

Leooo

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Activity: 158

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Quote from: zombies on February 02, 2018, 09:43:44 AM

Its because of India's stance on crypto. More countries to follow. It is end of crypto. The people who said it will not have any affect on the market are dreamers.

India alone won't fuck BTC price like this. There is something bigger before this dip.

zombies

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Its because of India's stance on crypto. More countries to follow. It is end of crypto. The people who said it will not have any affect on the market are dreamers.

SugoiSenpai

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Quote from: Leooo on February 02, 2018, 09:20:50 AM

I lost too much money due to this btc dip, What is the reason of this dip? Will it recover soon?

In my own perspective, I think it is just fair for Bitcoin to drop because of its volatility. Bitcoins price will go up again after some time, just be patient and You'll see that the price will skyrocket again. I think the drop happened because the value of Bitcoin has reached high volumes and it has skyrocketed by more than 50% of its current price in 2017. The drop is just a repercussion of the sky-high price of Bitcoin in 2017, the price will return to its normal state sometime this year. Although You have to be patient and hold You Bitcoins if You want to return the value You have invested.

Leooo

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I lost too much money due to this btc dip, What is the reason of this dip? Will it recover soon?

Topic: What's the reason for this bitcoin bleeding? - page 3. (Read 539 times)