Topic: Why bitcoin is still dropping ? - page 13. (Read 1268 times)
It is worth examining the bull market, as this will explain in greater depth that the market is not dropping as such, and hat this is the way of crypto currency markets.
The proposed shutdown of exchanges that the justice minister mentioned recently is one of the measures suggested by the justice ministry to curb speculation.”
Cryptocurrency trading in South Korea is highly speculative, more so than the rest of the world, at times trading with 30 to 40 percent premiums.
Crypto tokens were plunged into another crash last week when crypto tracker CoinMarketCap decided to pull Korean exchanges from its valuations. The move saw Ripple’s XRP token fall up to 30 percent.
South Korea’s Government is now working on a bill which effectively limit digital currency trade amid fears that speculative prices are a dangerous risk to investors.
China has already banned the trade of cryptocurrencies and Russia is toying with a similar idea.
But Korea’s plans have not been finalised yet and still need to be passed through Government for approval.
According to Matt Greenspan, an analyst at trading platform eToro, trade volume in South Korea and Japan has seen steady decline over the past days.
Facts about down fall
Cryptocurrency trading in South Korea is highly speculative, more so than the rest of the world, at times trading with 30 to 40 percent premiums.
Crypto tokens were plunged into another crash last week when crypto tracker CoinMarketCap decided to pull Korean exchanges from its valuations. The move saw Ripple’s XRP token fall up to 30 percent.
South Korea’s Government is now working on a bill which effectively limit digital currency trade amid fears that speculative prices are a dangerous risk to investors.
China has already banned the trade of cryptocurrencies and Russia is toying with a similar idea.
But Korea’s plans have not been finalised yet and still need to be passed through Government for approval.
According to Matt Greenspan, an analyst at trading platform eToro, trade volume in South Korea and Japan has seen steady decline over the past days.
Facts about down fall
bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that
Increasing or decreasing prices are indispensable for the market that Bitcoin players accept. Bitcoin is in a period of sharp declines. I have many reasons:- The first is that Bitcoin is experiencing problems of speed of processing money number
- Secondly, in some countries are still suspicious and see Bitcoin as a social evils like drugs, alcoholism
- Third is the anonymity Bitcoin users have country-banned
- Fourth, on some media prohibit advertising for coins
- Fifth, some people are concerned about the safety of use
- Sixth, the traditional stock market thrives, affecting investor sentiment
- Saturday are some Bitcoin managers and investors they are implementing a big strategy before Bitcoin prices rise ...
And there are more reasons ...
Because of the correction of the bull market of last year 2017,as the price went down, demand became low, sue after the correction as the market is still bear, we are sure to experience a major bull soon.
Bitcoin could be on the process of re aligning and adjusting the price value in this current situation. I think people should understand and patiently wait for its recovery. Another factor is economics where I believe that demand could have been low in the past days. Consider the bearish dip as an opportunity in buying bitcoin at a lower price then hold longer until it will recover soon. Because of the correction of the bull market of last year 2017,as the price went down, demand became low, sue after the correction as the market is still bear, we are sure to experience a major bull soon.
Bitcoin could on the process of re aligning and adjusting the price value in this current situation. I think people should understand and patiently wait for its recovery. Another factor is economics where I belie e that demand could have been low the past days. Consider the bearish dip as an opportunity in buying bitcoin at a lower price then hold longer until it will recover soon.
Because of the correction of the bull market of last year 2017,as the price went down, demand became low, sue after the correction as the market is still bear, we are sure to experience a major bull soon.
I read an interesting article and it makes sense, with so much attention of legislators, and the media channel as facebook, google and twitter make a front against the cryptocurrencies is normal that people that are not experient in the investment market become afraid and adopt a selling position, the bear market if you want to call it, but those who are afraid are really missing and soon they will come back when is expensive to buy once again
It is actually not dropping, it has crashed to $6K from the ath in a very short time, and it has been $6000-8000 since that crash. We are in a bear market right now, drop is normal
It's impossible to say with certainty. Maybe people are spooked by the recent 'death cross' (the crossing of the moving averages), maybe people are withdrawing to pay taxes, maybe the whales just expect it to go lower so they sell now with the intention of buying back in when it drops
I think we will get a run-up soon, just hang in there
I think we will get a run-up soon, just hang in there
Bitcoin has been dropping for some time now, but hopefully the price will increase again in a short while. The price is dropping because there's still a lot of FUD being spread by the media and financial institutions. Also the fact that Twitter, Facebook and Google are planning to ban crypto related ads, the IRS taxing transactions and so on, all this is why the price of bitcoin is dropping. But the price will go up again and then bitcoin will reach another ath this year.
This is the law of the market. No one can say when the market will grow again. No one! But I can say for sure that after a long correction, there will be good growth. This opinion is not only mine, but also people whose opinions I listen to. He who knows how to wait, will achieve a lot.
I think even crazier than the falling of bitcoin is the fall in ether. As long as people and companies are afraid of ICOs due to US government regulation, we will have to wait until the next bull run. Without a doubt we need clarification and standardization. Right now fear is holding everything back. It feels like 2014 again when I remember all this regulation talk causing a drop from around $750 to $400. That was a massive drop very much like the one that started in December. I think once everyone knows the deal things will get back to normal and we will see continued gains.
Most probably people are not buying and demand are not high as much as it was back in december.
bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that
I think in the months of 1-6 months where the market is not fluctuating too large. We should not invest in any altcoins at the present time. You will not be profitable and will likely suffer capital losses. The best investment period is from June onwards. The market will be very fun because of the volatility of the price.
For unknown reasons, this can not be understood depends on our activity of buying or selling resale. Right now there are a lot of those who hold this turn.
bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that
I think the real reason was people who earned bitcoin and investor wanted to sell their holdings for an important matters.Maybe they want it to sustained their daily needs or to conduct a business for their own wealth.
Concluding from the bump that bitcoin encountered last year, these fluctuations seems like a normal thing to a crypto this big. As no one actually completely controls bitcoin it is hard to tell what exactly causes the price to drop or rise until there's a huge whale or officials involved in affecting bitcoin. Right now it is going smoothly with normal dip and pump like any other cryptocurrency as it is their nature.
The drop is completely normal and all have to do is HODL.
The drop is completely normal and all have to do is HODL.
I think that bitcoin does not just fall so much, but because most likely those who developed bitcoin and manage finances decided to play a cruel joke or good to buy so far lower in cost.
bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that
Dropping? Not really the prices is actually bouncing fron $8,000 to $10,000. Right now this is what we call accumulation stage. Once this stage is done expect another bull run then another correction then it will accumulate again then another bull run and another correction. The crypto market has been doint this for the past ten years. If you ate trading or invested in crypto then you need to study the price history so that you wont be nervous and sell for a loss.
Do your research on the terms bear market and bull market. Bear market is what's happening right now. A bull run happened in December 2017.
Hint: https://www.investopedia.com/terms/b/bearmarket.asp & https://www.investopedia.com/terms/b/bullmarket.asp
Hint: https://www.investopedia.com/terms/b/bearmarket.asp & https://www.investopedia.com/terms/b/bullmarket.asp
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