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Topic: Why bitcoin is decreasing?? - page 3. (Read 509 times)

newbie
Activity: 168
Merit: 0
February 05, 2018, 08:15:55 AM
#30
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.
jr. member
Activity: 60
Merit: 1
February 05, 2018, 08:14:52 AM
#29
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.
full member
Activity: 280
Merit: 102
Passive Coin - low supply coin with backing fund!
February 05, 2018, 08:13:42 AM
#28
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. Smiley
member
Activity: 200
Merit: 10
February 05, 2018, 08:13:09 AM
#27
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.
newbie
Activity: 28
Merit: 3
February 05, 2018, 07:57:46 AM
#26
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.
member
Activity: 238
Merit: 10
The Experience Layer of the Decentralized Internet
February 05, 2018, 07:56:27 AM
#25
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
legendary
Activity: 1512
Merit: 1011
February 05, 2018, 07:54:18 AM
#24
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.
sr. member
Activity: 2170
Merit: 254
February 05, 2018, 07:43:36 AM
#23
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.
sr. member
Activity: 322
Merit: 250
February 05, 2018, 07:39:26 AM
#22
Today’s drop is probably because of the Lloyds bank bran crypto transactions on credit cards. Hope some good news will come soon.   
member
Activity: 154
Merit: 10
AMON - Crypto Debit Card for Everyday Purchases
February 05, 2018, 07:36:26 AM
#21
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.
sr. member
Activity: 658
Merit: 250
February 05, 2018, 07:32:30 AM
#20
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
full member
Activity: 434
Merit: 105
February 05, 2018, 07:28:14 AM
#19
Panic is the main reason for decreasing the price of Bitcoin. Panic orchestrated by some of the big players thru some fake news.
newbie
Activity: 182
Merit: 0
February 05, 2018, 07:16:13 AM
#18
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 ...
newbie
Activity: 151
Merit: 0
February 05, 2018, 07:15:50 AM
#17
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
member
Activity: 378
Merit: 10
February 05, 2018, 07:14:07 AM
#16
Because so many people selling their bitcoins in low price. Because they afraid to sell in the lowest price.
member
Activity: 392
Merit: 12
The Fourth Generation of Blockchain in DeFi
February 05, 2018, 07:08:15 AM
#15
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.
legendary
Activity: 2338
Merit: 1023
DGbet.fun - Crypto Sportsbook
February 05, 2018, 07:05:40 AM
#14
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.
member
Activity: 308
Merit: 10
February 05, 2018, 07:05:06 AM
#13
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.
full member
Activity: 168
Merit: 100
February 05, 2018, 07:00:35 AM
#12
Negative news from the media and ban on purchasing crypto currencies using credit cards.
sr. member
Activity: 1778
Merit: 305
February 05, 2018, 06:57:15 AM
#11
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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