Topic: Why bitcoin fall? - page 4. (Read 800 times)

It's just a strait of price, it's absolutely normal for the market. Bitcoin grew for a long time and after that all the indicators were overheated and growth could not continue. After such a strait, I think that growth will continue, I hope that the bottom-line will break through!

This is normal. I believe this will continue for a long time as cryptos are not fiat currency. So we should learn to invest carefully.

as we can see the fact that the market is declining, and that is sometimes we cannot guess so precisely, because every bitcoin administrator must have the right reason why they are reducing bitcoin. so any situation that we experience must have a reason.

What's happening is very normal with cryptocurrency. Prices go up and down, slowly or sharply. This bitcoin drop, I think, is due to panic selling of bitcoin. But, it will settle down for sure.

Probably a large whales (or several) were trying to trigger a panic selling wave, which seemed to have worked since we went below the 6900 that was holding pretty well.

It does look like we've reached a support level around the 6400 so we'll if it holds, if not then we're looking at 6k very soon, if it does hold then we can expect a rebound pretty soon since we were in an uptrend a few days, and the bulls will probably take advantage of this drop and buy cheap.

Bitcoin value as of now are still in the range of $6-$7k and will never know whether it will dump or it will pump again. But even it's has a long time of dump it is much better that we can look it in the brighter side by considering downfall may be the chances and opportunities to us to buy more of it in much lower cost value therefore we can be much profitable and benefited in the near future because for sure that bitcoin and itself will be much successful in the future.

Today, the price of bitcoin has dropped to $ 6,900, in 90 minutes it lost more than $ 400. The fall of the flagship crypto currency occurred after the whale associated with the non-existent marketplace Silk Road market moved thousands of BTC to the crypto-exchange, Cryptoglobe writes. The owner of Bitcoin, who was not active since March 9, 2014, recently moved his fortune from 111,000 BTC and BCH to several purses with a balance of just under 1,000 BTC each. A detailed study showed that the funds may belong to Dread Pirate Roberts (DPR), the administrator of Silk Road, the user of Mt Gox or the supplier of Silk Road. The user Reddit sick_silk, who follows the mysterious bitcoin kit, showed that he continued to move part of the funds to the leading Binance and Bitfinex exchange.
Of the 15,593 BTCs (currently worth about $ 108.9 million, which is approximately 14% of the whale's assets), Bitfinex took 11,100 BTC and 4400 Binance. Over the past 24 hours, these transactions have caused a 6.06% drop, which brought last week's profit to nothing.
It is noteworthy that the fall coincided with the moment when the giant Wall Street Goldman Sachs announced the revision of the decision to launch the trading bitcoin platform. At the same time, the Wall Street giant is still working on the crypto-currency storage service, which is likely to attract institutional investors to the market.It is believed that the unknown bitcoin-kit moved the exchange of the Bitmex 210 BTC cash derivatives. Perhaps, the dump was used for a short "closing" of the crypto currency.

I think investors are no longer interested in bitcoins. They want to find new coins with greater potential for growth. Bitcoin is outdated, it does not bring much benefit to investors. So bitcoin is falling down.

Not only Bitcoin but even all altcoin market is also fallen heavily , as much i know their was some SEC approval for this week now the next approval is on 3 week and 30th september 2018, so we can see some up movement after 3 days as till them market will get stable.

In my opinion, some institution or some very powerful person has withdrawn from the market. However even with this sudden drop the market remains healthy to invest and remembering that in the same period last year the values were around $ 4200. Another factor that we can consider is the regularization in some countries that can influence institutions of the same, as well as banks and credit institutions.

No it will not okay. There is a reasons why bitcoin price and the market are here in this kind of situation. Anyone saying why bitcoin like this maybe correct or not. I thought that we need more patience to wait the market rise again.

This is just a bait, the market is Okay.
we have seen a slow rise of the bitcoin in the market and a sudden fall.
this will make more big pockets to earn more BTC.
if you will panic and sell your holdings you will be a bait.

I think there was a major market correction in the cryptocurrency space, within the last few days Bitcoin price had soar however there was a need for correction which it did. Thanks

there are many people who will have gained significantly from today's events, over the past few weeks the price has been yo-yoing so a lot of people are buying to sell short term. I suspect its people buying at 6k, holding until around 8k then selling off. They then seem to be repeating it over and over. Good way of earning some quick money but not good for crypto as a whole.

Listen, but it is not clear in fact. Someone says that it's old wallets "discovered". We will see. Time will tell.
But now is the time to buy it)

In fact, this is not a very logical fall.He did not even achieve resistance by 200.Perhaps the news will soon appear, as they say, sell on the rumors.

ETF rejection might be a factor of Bitcoin price fall because crypto people believed that the approval of the said proposal will lead to stability of the cryptocurrency in which apparently give a big dismay upon the rejection but I know it will not last long because of the evidence that even without ETF crypto still manage to withstand the storm, bear in mind that ETF is for an institutional investor not for the common user.

I do not think that there is much to worry about here, because now bitcoin is in a very harsh corridor, which sooner or later it will have to be disinfected and where it goes, the whole market will go.

I just want to tell what I'm saw about chart of btc, so Its just speculation. Bitcoin can't break to be up trend, it mean that resistance point stay the same and make it possible to (bouncing down) or down go to Bollinger Band 2.0. If anyone don't understand just asking to me by reply this post. Thank you.

Because we'll be range-bound between 5500-8000 (pretty huge range, I know.. but this is bitcoin--volatility, you know!) until well after the next halving.  So yeah, it will be a few years until the euphoria comes back like it did in 2017.  Anyone saying anything else is partially correct (market technical analysis) or just plain wrong (mainly people who attribute price to various pieces of news).  There is very little in crypto currency --NEWS-- that 'actually' affects the price.  Mostly it is just emotion and manipulation.