Why bitcoin is decreasing?? - page 3.

Xioma

newbie

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Quote from: liangweicha on February 05, 2018, 07:56:27 AM

Wow, China is a nasty country.
When the price of bitcoin has fallen sharply, I always have to pay attention to whether there is any bad news in China. Cry

Well the Chinese New Year is coming up as well... So we'll see the effects of that.

Kean1998

jr. member

Activity: 60

Merit: 1

Quote from: Tony116 on February 05, 2018, 07:05:40 AM

Quote from: Kean1998 on February 05, 2018, 03:07:32 AM

Why Bitcoin is decreasing?? I think bitcoin now are decreasing its because of this coming Chinese new year this February 16 and in that time bitcoin will mooning again .. That's why , its better to hodl it now and buy more bitcoin now while its in a low price cause it will pump after Chinese new year. 😇😇

I see several reasons. The main one is Tether possible fraud. The second one is the Facebook, Instagram, Weibo and Baidu ICO ads prohibition. The third one is the prohibition of buying crypto using credit cards from several main american banks: JPMorgan Chase, Bank of America and Citigroup.

Yeah that's the another reasons why btc now are stay in a low price.

Passive Coin

full member

Activity: 280

Merit: 102

Passive Coin - low supply coin with backing fund!

There is nothing to do much with China's ban.
It's more manipulative movements where sharks and whales + institutional money drive price artificially down ... why ...
... because of you small fishes. They want you - small holders to sell at lower level.
Amen.

There are only 21M of BTC exist, majority are hold long-term in trezors.
In time, more and more BTC will be out of market so sharks wants to accumulate now cheap way.

By the way, you should diversify your portfolio.
Do not keep everything in BTC. Spread the risk - there are a lot of other great crypto to invest.
World do not end up on Bitcoin only.

bulantoy12345

member

Activity: 200

Merit: 10

Quote from: Kean1998 on February 05, 2018, 03:07:32 AM

Why Bitcoin is decreasing?? I think bitcoin now are decreasing its because of this coming Chinese new year this February 16 and in that time bitcoin will mooning again .. That's why , its better to hodl it now and buy more bitcoin now while its in a low price cause it will pump after Chinese new year. 😇😇

When i heard a news about cryptocurrency they always said that this is the correction of price value from last year amount which is closely reach to $ 900 equivalent to 1btc,thats they told us now this price value now is the correct right price stability form.

maracuja1

newbie

Activity: 28

Merit: 3

Quote from: BigBoy89 on February 05, 2018, 07:54:18 AM

Quote from: Kean1998 on February 05, 2018, 03:07:32 AM

Why Bitcoin is decreasing?? I think bitcoin now are decreasing its because of this coming Chinese new year this February 16 and in that time bitcoin will mooning again .. That's why , its better to hodl it now and buy more bitcoin now while its in a low price cause it will pump after Chinese new year. 😇😇

Because Chinese government announce total ban over Bitcoin trading for Chinese citizens.
They had a trading ban over local exchanges, but now they are banned from trading in non-Chinese exchanges also.

Thanks for that info, was not aware, I wonder how they plan to enforce that really.

liangweicha

member

Activity: 238

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The Experience Layer of the Decentralized Internet

Wow, China is a nasty country.
When the price of bitcoin has fallen sharply, I always have to pay attention to whether there is any bad news in China. Cry

BigBoy89

legendary

Activity: 1512

Merit: 1011

Quote from: Kean1998 on February 05, 2018, 03:07:32 AM

Why Bitcoin is decreasing?? I think bitcoin now are decreasing its because of this coming Chinese new year this February 16 and in that time bitcoin will mooning again .. That's why , its better to hodl it now and buy more bitcoin now while its in a low price cause it will pump after Chinese new year. 😇😇

Because Chinese government announce total ban over Bitcoin trading for Chinese citizens.
They had a trading ban over local exchanges, but now they are banned from trading in non-Chinese exchanges also.

babygun

sr. member

Activity: 2212

Merit: 254

Top-tier crypto casino and sportsbook

Quote from: Andrey123 on February 05, 2018, 06:57:15 AM

Bitcoin has now become too popular!
And many people began to study it, plus governments of different countries want to control it.
All this in the aggregate created a panic, and the markets reacted immediately.
You just have to wait and not panic)

Yeah, with the big bitcoin price rise in december, more and more media jumped on it and bitcoin became mainstream.
We depend on what the governments decide what they will do with bitcoin, it can go both ways.

rejosh

sr. member

Activity: 322

Merit: 250

Today’s drop is probably because of the Lloyds bank bran crypto transactions on credit cards. Hope some good news will come soon.

KTPU777

member

Activity: 154

Merit: 10

AMON - Crypto Debit Card for Everyday Purchases

That's right. Now whales will dump bitcoin in order to buy at the lowest prices. After that, the price increase will begin. The market will unfold. So now it's time to buy bitcoin and altcoyins.

BlackWidow

sr. member

Activity: 658

Merit: 250

The reason for the fall is a great uncle want to buy some cheap BTC . Well, and it is argued all the Chinese new year and various settlement thinking about it all right

iigor

full member

Activity: 434

Merit: 105

Panic is the main reason for decreasing the price of Bitcoin. Panic orchestrated by some of the big players thru some fake news.

ICO Lancer

newbie

Activity: 182

Merit: 0

Quote from: Kean1998 on February 05, 2018, 03:07:32 AM

Why Bitcoin is decreasing?? I think bitcoin now are decreasing its because of this coming Chinese new year this February 16 and in that time bitcoin will mooning again .. That's why , its better to hodl it now and buy more bitcoin now while its in a low price cause it will pump after Chinese new year. 😇😇

Or if anything, the Chinese will cash out during their new year and it will just decrease even more ...

Deancooel1

newbie

Activity: 151

Merit: 0

partly what I know bitcoin down due to the many negative things, if you do not want to lose it we must hold and buy at a time like this

nytstalker

member

Activity: 378

Merit: 10

Because so many people selling their bitcoins in low price. Because they afraid to sell in the lowest price.

Lerikaweb

member

Activity: 392

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The Fourth Generation of Blockchain in DeFi

Besides all the prohibitions connected with cryptocurrency it is also connected with the fact that more and more people invest in different ICOs. so they buy tokens for btc.

Tony116

legendary

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DGbet.fun - Crypto Sportsbook

Quote from: Kean1998 on February 05, 2018, 03:07:32 AM

Why Bitcoin is decreasing?? I think bitcoin now are decreasing its because of this coming Chinese new year this February 16 and in that time bitcoin will mooning again .. That's why , its better to hodl it now and buy more bitcoin now while its in a low price cause it will pump after Chinese new year. 😇😇

I see several reasons. The main one is Tether possible fraud. The second one is the Facebook, Instagram, Weibo and Baidu ICO ads prohibition. The third one is the prohibition of buying crypto using credit cards from several main american banks: JPMorgan Chase, Bank of America and Citigroup.

duchaitp

member

Activity: 308

Merit: 10

I do not think Lunar New Year is the cause of bitcoin discount. The cause is probably from bad news recently. I hope that the end of February bitcoin prices will rise again.

Bambinoe

full member

Activity: 168

Merit: 100

Negative news from the media and ban on purchasing crypto currencies using credit cards.

Andrey123

sr. member

Activity: 1778

Merit: 305

Bitcoin has now become too popular!
And many people began to study it, plus governments of different countries want to control it.
All this in the aggregate created a panic, and the markets reacted immediately.
You just have to wait and not panic)

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