Why bitcoin is going down this few weeks? - page 6.

Pedro18

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Activity: 224

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Quote from: zeronumber2 on January 30, 2018, 10:09:20 PM

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

Because of FUD and fake news. There are many whales out there that are making some fake news or FUD, just to try manipulate the market and lower down the price of bitcoin. Because whales are just making some move so that they can buy bitcoin in the lower price.

Guryon_master

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Activity: 384

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Student Coin

This scenario is a survival of the fittest to all altcoins. What ever happen to bitcoin still this crypto will remain as a most expensive while there will be a huge of drowning in altcoins.

sukron

newbie

Activity: 73

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because the coming of the holiday is an implicit fact, not just the bitcoin that goes down quickly. All crypto fired to red. Andbwr knows that bitcoin is going up so fast so I think it's the same when it falls. But in january and february I think it's just normal because this is the month of dropping the price let's wait until mid year and let's see what happens next month

SimplyEverything

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Activity: 126

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Escrow

Quote from: zeronumber2 on January 30, 2018, 10:09:20 PM

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

I think it is because people are changing BTC > Fiat cause Chinese New Year is coming and people are preparing to buy new stuffs for the Chinese tradition New year's = New things = money needed

michael shikany

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The Experience Layer of the Decentralized Internet

Maybe Asian investors are cashing in because their Spring Festival is coming.
South Korea has started a real-name account, so investors in other countries trading in South Korea need to cash in.
Facebook prohibits advertising in ICO.

superloy

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Activity: 126

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#1 ICO on a Global eCommerce Ecosystem! Worldwide

Quote from: zeronumber2 on January 30, 2018, 10:09:20 PM

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

Bitcoin or Altcoins are going down or decreasing in price because investors are making money out of Cryptocurrencies and they deserve to get their profit as we do.
We all soon enjoy or investments in due time that's why we need to hold our coins as long as we could because someday we will get our money too like what some investors are doing today or this week.

jyotianand01

sr. member

Activity: 980

Merit: 250

Every trader start selling its bitcoin when it going down rapidly and their stop losses triggered and it give more downside to it and same happening this time also. It goes down shartly and many traders stop losses triggered and they have no option other then sell to stop more losses.

MNtrio

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Activity: 248

Merit: 10

Quote from: zeronumber2 on January 30, 2018, 10:09:20 PM

I found this recently that bitcoin is going down rapidly,
what would be the cause of this going down of BTC and how it would affect the crypto world.

The reason why bitcoin decrease by falling it's value because many investors dumping their bitcoin in which can cause lower the value price of Btc.Many investors absolutely trade thier bitcoin and this is the root why it is going down.

But i know it will pump up again because i believe that bitcoin will continue it's horizon to rising up.The important is we continue to invest bitcoin and be focus always for what we are doing to make are earnings grow.

zhangcaisbsbn55

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Merit: 10

Too many people have earned enough money and are leaving this market gradually, so they sold them btc and eth.

casdder

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Activity: 110

Merit: 22

I think the decline is actually a good thing, we can buy bitcoin at a lower price, including other cryptocurrencies, such as Ethereum, will also receive volatility decline, bitcoin in the cryptocurrency position is too important, Its fall will cause other cryptocurrencies to fall.

mongkie

full member

Activity: 630

Merit: 102

there is an article that i have read that what is happening is a healthy correction from previous price increase due to massive mass adaptation in cryptocurrencies. well that is one good point
secondly, the news that facebook will not allow cryptocurrency related adds anymore. this would affect ico's and he whole marketing and advertising wing of every crypto company.

lukmankhan22

newbie

Activity: 68

Merit: 0

this is normal because bitcoin is fluctuating, up and down in price is very fast. and bitcoin is vulnerable to the issue, perhaps after New years Chinese (imlek) bitcoin will rise again

cryptoblackhat

newbie

Activity: 85

Merit: 0

This is generally a low time of year, and also there is a lot of negative or uncertain news about regulation in certain areas (China, Korea, US with Tether). Once all of these issues pass by and it gets later on in the year I expect the sentiment will turn around again. Before we repeat the cycle

redblock

jr. member

Activity: 31

Merit: 1

Some say it's Chinese new year, some say it's just a market correction. All other alts are going down because of weak hands that bought more crypto than they should have in the first place. Just be patient, the market will go up again.

darkwingduck34

newbie

Activity: 11

Merit: 0

Just speculations and new potencial investors afraid of that. More people needs to join cryptocurrencies to enlarge market cap more than this.

Om.monata

full member

Activity: 936

Merit: 100

it is very normal and it happens because it is similar like last year's cycle, at the beginning of the year usually all the coins decrease and the coin will return to normal price in the next few months. so I think we should stay focused and hold the coins and do not panic.

magiccarpett

full member

Activity: 252

Merit: 101

governments and financial regulation companies see currently a good opportunity to make fud on btc. next weeks more and more negative articles against btc will come. ppl will sell because they are afraid. they don't understand that they will be manipulated again. resist that.

Renu kapoor

member

Activity: 336

Merit: 10

Just have a look on bitcoin price from December-17, it was height of the market and and number one coin, buyers hold the coin in plenty, as per the trend of market a raise is always followed by a down, there is a down fall is must after a huge rise so worry not it will give you the profit may be a little low till year mid it again rise.

lidd0512

member

Activity: 94

Merit: 10

well i think the reason is the weak dollar,coz america want to encourage its manufacturing industry ,it has to devaluate dollar exchange rate,the willing of people to buy dollar is also weakened in this situation.

there are also somehow bubbles in the crypto world ,most of the cryptos are not playing a role in the real world, it's just a speculating tool ,whatever it's called btc ltc,etc.

CinemaAI

newbie

Activity: 40

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Quote from: 2stout on January 30, 2018, 11:49:19 PM

Everything to do with the Bitcoin futures markets that opened in Dec 2017. Contracts are settling about now, would think between once settled and the next futures contracts in Feb 2018, will see BTC gains. A time for whales and hodlers as weak hands are shaken about.

Absolutely agree. Most people don't realize that Bitcoin futures mean that traders can now go short Bitcoin. That means they can essentially buy -1 Bitcoin and make money when it goes down.

That has resulted in an entirely new dynamic in the market place. Previously, the only way to push the price down was to sell Bitcoin that you had already bought earlier. But now, traders can sell Bitcoin that they never even bought before.

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