Why bitcoin is still dropping ? - page 4.

fabrizoc

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Quote from: Kambal2000 on May 03, 2018, 01:10:42 PM

Quote from: Firdausiii on May 03, 2018, 07:31:01 AM

Quote from: zwiggel on April 02, 2018, 09:06:22 PM

I think bitcoin is still down because it is being influenced by big corporations like google, facebook. The number of bitcoins is selling well but few buyers make the bitcoin price drop. The fact that countries are restraining the development of bitcoin also causes a decrease in bitcoin prices.

There are big drops and there is a big jump. No one can predict them properly. No one knows the real reason, but that's the nature of the crypto market, no one can predict the rise or fall of a crypto currency

Just like the normal scenario and since we cannot control the over all price of bitcoin, it will just go dumping and pumping all over again, and that is just normal, we don't need to over think what is happening since we will just lead to panic mode.

Yeah correction in the price again and again, but I think that fall and rise is part of business and bitcoin till date is only for making more and more money and not for usage, although it is worldwide usable currency. Investment in bitcoin needs courage because one must have the courage to bear the lose if the price falls. Don’t be panic and cool if you are really an investor.

knightmairesaint

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Quote from: Kambal2000 on May 03, 2018, 01:10:42 PM

Quote from: Firdausiii on May 03, 2018, 07:31:01 AM

Quote from: zwiggel on April 02, 2018, 09:06:22 PM

I think bitcoin is still down because it is being influenced by big corporations like google, facebook. The number of bitcoins is selling well but few buyers make the bitcoin price drop. The fact that countries are restraining the development of bitcoin also causes a decrease in bitcoin prices.

There are big drops and there is a big jump. No one can predict them properly. No one knows the real reason, but that's the nature of the crypto market, no one can predict the rise or fall of a crypto currency

Just like the normal scenario and since we cannot control the over all price of bitcoin, it will just go dumping and pumping all over again, and that is just normal, we don't need to over think what is happening since we will just lead to panic mode.

I am guessing that until now, people are still not used to the very volatile price of bitcoin. From the start, bitcoin had been defined to have the characteristic of volatility which means that changes in the price are inevitable so definitely, there is a constant change of pump to dump or dump to pump in bitcoin's market price. People should get used to this and think more of how they can cut losses due to volatility.They should worry more if how they are going to manage their finances effectively and avoid to have losses every time they sell or just reduced the amount that they are going to lose.

shendy

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Quote from: Smpdytz1 on March 26, 2018, 05:16:10 AM

bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that

The main reason why Bitcoin prices are still down is that of a large number of investors who sell Bitcoin and prefer to invest in quality Altcoin. Then later there are some countries that prohibit Bitcoin in any case. Bitcoin became the talk of many people because of a lot of negative news that concerns about Bitcoin. So I think it's only natural that the price of Bitcoin goes down drastically as you say.

carlisle1

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Quote from: Smpdytz1 on March 26, 2018, 05:16:10 AM

bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that

Who told you thay?bitcoin is now rising and making some good ways up..ohh its a late post since you made this month ago lol..but i still want to add something that we must not get serious when the price drops as this cryptocurrency are volatile and corrections happening every now and then,patience and trust on your coin will save your ass ,believe it

realBitcoiner

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Quote from: Firdausiii on May 03, 2018, 07:31:01 AM

Quote from: zwiggel on April 02, 2018, 09:06:22 PM

I think bitcoin is still down because it is being influenced by big corporations like google, facebook. The number of bitcoins is selling well but few buyers make the bitcoin price drop. The fact that countries are restraining the development of bitcoin also causes a decrease in bitcoin prices.

There are big drops and there is a big jump. No one can predict them properly. No one knows the real reason, but that's the nature of the crypto market, no one can predict the rise or fall of a crypto currency

This influence is for the time being and not forever. You will see rise in the price in the coming future. The trust of the people Is building more and more of bitcoin and they are investing in it. By this way the market cap is increasing and we will see a big pump in the near future. I have many expectations from this year. The price will be more than $20k till the end of this year.

Ahiaba

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At the moment i see Bitcoin value dropping rather it is increasing in value when you compared the current market value of Bitcoin to its previous value in the last couple of weeks.

Kambal2000

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Quote from: Firdausiii on May 03, 2018, 07:31:01 AM

Quote from: zwiggel on April 02, 2018, 09:06:22 PM

I think bitcoin is still down because it is being influenced by big corporations like google, facebook. The number of bitcoins is selling well but few buyers make the bitcoin price drop. The fact that countries are restraining the development of bitcoin also causes a decrease in bitcoin prices.

There are big drops and there is a big jump. No one can predict them properly. No one knows the real reason, but that's the nature of the crypto market, no one can predict the rise or fall of a crypto currency

Just like the normal scenario and since we cannot control the over all price of bitcoin, it will just go dumping and pumping all over again, and that is just normal, we don't need to over think what is happening since we will just lead to panic mode.

Firdausiii

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Quote from: zwiggel on April 02, 2018, 09:06:22 PM

I think bitcoin is still down because it is being influenced by big corporations like google, facebook. The number of bitcoins is selling well but few buyers make the bitcoin price drop. The fact that countries are restraining the development of bitcoin also causes a decrease in bitcoin prices.

There are big drops and there is a big jump. No one can predict them properly. No one knows the real reason, but that's the nature of the crypto market, no one can predict the rise or fall of a crypto currency

Dondisimo

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It all happens under the influence of various news. This is quite normal for crypto currency, I have long reconciled with price fluctuations.

Crytptomeniac

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bitcoin is still dropping because there are alot of people who are still panic selling their coins and until people stop panic selling and dumping coins on the market and start buying instead with the intention of holding for the long run that is only when the price will start going back up

Anti-Cen

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High fees = low BTC price

Fees of $55 from the miners had everyone with half a brain cell heading for the door and I got out at $18k
because I got have not got any gambling addiction but most here will still be having a pipe dream when it's down at
$700 never mind $7000 and will be talking about it being an investment.

atom2080

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Matthew Newton, analyst at crypto retailer eToro, agreed the news of regulation played a part in bitcoin’s price decline. He said "the recent price fall was driven by two factors. Firstly, Bitcoin was trending higher for about a week but failed to break a technical level, which caused a slight selloff"

KITTY 0108

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May influence the competition among other coins or there may be other factors from it.

MIZANUR5033

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There have many reason that create this situation and also some reason what helps to hold this situation. We know ups and down is the nature of any currency. BItcoin also have the same nature but its worse for long time exist. If we notice its go down many time but to exist long time is rare.
There Reason of still dropping the Bitcoin price. Many of the country ban the bitcoin, and most of the popular social media stop the bitcoin ads. So most of the investor lose their hope to invest. They also wait for good time. There have another most reason is that many of the investor want to drop the market to get extra benefit. If investor sell the Bitcoin low price they want to get the benefit. That’s why they insist selling the investor. There also some reason of supply chain, bad marketing etc.

Rubick99

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Quote from: buiduc on April 05, 2018, 02:26:44 AM

Because bitcoin has grown so fast by the end of 2017, this may be a price adjustment to bitcoin can fly even higher. This is a very normal thing, we should trust bitcoin

Agree with you, bitcoin in end of 2017 have an early pump. I mean right now is the normal price for bitcoin.

cellflash

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One of the reason is the changing public perspective toward the digital currency. Bitcoin has always been of interest to media, but the majority of the coverage it received was negative.
But I'm still hoping that the value of bitcoin will rise.

maxamus

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Quote from: buiduc on April 05, 2018, 02:26:44 AM

Because bitcoin has grown so fast by the end of 2017, this may be a price adjustment to bitcoin can fly even higher. This is a very normal thing, we should trust bitcoin

Yes the last time when we had the bullrun bitcoin did exceeded everyone's expectations and grew crazy which was never expected and now there is a correction happening from a long time which is making people panic and lose trust in bitcoin, let's not panic and have a control over emotions as these things are Normal in the world of crypto.

djsugar

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The price has fallen below 7000$ again and to be honest, no one really knows what is causing the dip. Initially it was the G20 summit and the google banning crypto ads that led to the downfall, but market just couldn't bounce back again.
Another reason for the fall is that a lot of sell orders have been put in the 8800-9400$ range, and every time BTC climbs to that spot, it feels resistance and starts falling down again.
After a positive recovery the day before, market has again showed a downward trend today which is of course disappointing to see.

labilaab

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TRADE WITH NEGATIVE FEES

Quote from: buiduc on April 05, 2018, 02:26:44 AM

Because bitcoin has grown so fast by the end of 2017, this may be a price adjustment to bitcoin can fly even higher. This is a very normal thing, we should trust bitcoin

I agree with what you said. The price surge last year has a big impact to what Bitcoin’s price now. Its maybe because of so huge selling from big whales in market plus the panic-sellers of small btc hodlers as they profit big from last year that’s why theres this equivalent huge dumping of price also.

buiduc

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Because bitcoin has grown so fast by the end of 2017, this may be a price adjustment to bitcoin can fly even higher. This is a very normal thing, we should trust bitcoin

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