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Topic: why bitcoin price fall down? - page 14. (Read 2324 times)

sr. member
Activity: 980
Merit: 255
November 27, 2018, 03:54:03 PM
#30
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls
The price of bitcoin goes up or down because of stuff related to this market and nothing more, the price of oil and the trade war between China and the US while important for the economy at large are not going to have a huge effect in this market, if you look at it you will see the reason the price went down had nothing to do with any event happening outside of the market, the price went down simply because of lack of demand, so I do not agree with your prediction.
full member
Activity: 574
Merit: 100
Bitway.net - The Best Bitcoin Mining Network
November 26, 2018, 10:08:10 PM
#29
Last four days bitcoin fall drop and lower under $3,900 and many investor feel panic for selling their bitcoin asset, we faced bad moment at the end of this years because bitcoin and altcoin really at lower and drop price.
full member
Activity: 546
Merit: 100
November 26, 2018, 08:35:30 PM
#28
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls

Trade war of US and China in oil was not related in bitcoin price, meaning the price of bitcoin is up to all investors and adoptions worldwide. And i think bitcoin price will not drop to $1000 as you predict in 5 months, it remain stable at or in between $3k - 5k.
newbie
Activity: 80
Merit: 0
November 26, 2018, 07:30:54 PM
#27
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls
Bitcoin prices fall are usually caused by many factors,  but the fall this time is due to big players who want to make a profit, they create bad public opinion and result in the fall in the value of bitcoin, this is what they want, about war vs China may not have an effect much with the price of bitcoin,  because what is attacked is usually the relevant currency,  dollar vs yuan, so each country will manipulate the value of the currency,  so the bitcoin is not much affected.
member
Activity: 434
Merit: 10
November 26, 2018, 07:15:23 PM
#26
I think this is a natural thing that happens to bitcoin every year after halving day, we compare it to last year after the first halving day bitcoin immediately experienced a price decline like now, I believe that the pattern of price movements will always recur with the form almost the same, so don't panic if now the price of bitcoin falls because this is only a reasonable correction before skyrocketing in the next 1-3 years
Some of the reasons that bitcoin fell were the influence of the sharks they manipulated to make the price of bitcoin as well as eth's influence on the market and we always believed that bitcon would be fast. price recovery
member
Activity: 473
Merit: 11
November 26, 2018, 06:54:21 PM
#25
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls

in my opinion the trade war between the two countries does not have any impact on crypto, yes, although it is not impossible that there is an indirect impact, but the impact we can see is due to the BCH hardfork event, this split is quite controversial so it has a negative impact on the market, not to mention this together with the event of Black Friday
member
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
November 26, 2018, 05:38:23 PM
#24
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls
Why should the bitcoin rate fall if the price of oil falls? In my opinion, these events have no relationship with each other. If the price of an ordinary currency falls or rises, this should not directly affect the price of a cryptocurrency. The trade war between the United States and China, in my opinion, on the contrary, will increase the price of cryptocurrency. Where it is difficult for ordinary currency to flow or for payment of goods and services in ordinary currency, there will increase the demand for cryptocurrency and it should increase in price.

If such country given that they have the biggest share in holding the coins dumps it, surely there will be an effect to the cryptocurrency value. An external factor that presses the most effect to cryptocurrency is the physical economy and because oil is of great importance and plays a major role to the economy then surely there is a relationship between the cryptocurrency and oil prices.
hero member
Activity: 3038
Merit: 634
November 26, 2018, 04:38:39 PM
#23
Next 5 month? are you going to skip the possibility that by January adoption from Bakkt will do something? I guess you are thinking that it will do nothing.

Bitcoin is an individual market though there has been some sightings that it has been also part of the world economy which is also affected by other markets such as stocks. I'm also thinking that there's no relation for bitcoin-oil thing but trade war from two big countries would certainly give massive effect.
full member
Activity: 644
Merit: 100
November 26, 2018, 08:31:43 AM
#22
I think this is a natural thing that happens to bitcoin every year after halving day, we compare it to last year after the first halving day bitcoin immediately experienced a price decline like now, I believe that the pattern of price movements will always recur with the form almost the same, so don't panic if now the price of bitcoin falls because this is only a reasonable correction before skyrocketing in the next 1-3 years
jr. member
Activity: 37
Merit: 2
November 26, 2018, 07:43:29 AM
#21
Bitcoin is dropping because:

It is still a small child and has to learn to walk before it can run.
It is affected by the loss of confidence of a lot of new people to Crypto (depressive Bear market)
It is re-adjusting because the manic Bull market pushed the price up too high.
It is re-adjusting because USD Tether might have manipulated the market.
It is seeing a selloff by speculators wanting to take advantage of the BCash ABC & SV fork.
Because bitcoin has evolved in cycles that require re-adjustment in value from time to time.

Just buy more...

hero member
Activity: 798
Merit: 503
November 26, 2018, 07:31:16 AM
#20
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls

Its really something that is hard to explain why the current downturn is really massive without any stoppage. For me, bitcoin price going back to $1000 is not something we should be envisaging at the moment although its going to be hard not to think of it but hope is the only thing we have in our hands and striving to make things better in our own little way.
full member
Activity: 651
Merit: 103
November 26, 2018, 07:18:50 AM
#19
It is normal to see that the price of the bitcoin to goes down because it has the characteristics of being volatile. If you will observe the chart of the bitcoin, you can conclude that this current event is the same event where the price of the bitcoin rapidly goes up.
jr. member
Activity: 252
Merit: 1
November 26, 2018, 07:01:56 AM
#18
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls

many factor considered. some says is BCH has war, panic sales, China miners close down. but we not sure yet what spark the fire.
newbie
Activity: 9
Merit: 0
November 26, 2018, 06:49:04 AM
#17
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls

Unless corporations are using BTC to buy oil, otherwise oil price's movement won't have any effect on BTC.
hero member
Activity: 1582
Merit: 759
November 25, 2018, 11:55:44 PM
#16
I think it followed the stock market, and then because volatility is more of a concern for Bitcoin (+ unknowingness), fear sort of took hold.
I wouldn't be surprised if it recovers back to what it was, but it's anyones guess.
jr. member
Activity: 268
Merit: 3
November 25, 2018, 11:52:43 PM
#15
i was doing research..when oil price down, stock market down, its make bitcoin price down. pecentage is 90% following oil prices. i remember when bitcoin have highest price $18000 or so, thats the highest oil and coal prices in world market after 4 years survived at the low prices.
So based on coal prediction plus palm oil prediction in next few months price still will go down. thats the reason i asssume bitcoin will going lower price in next few months.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
November 25, 2018, 06:35:24 PM
#14
Very funny how you expect the price to always rise, yet when it fall everyone is scared and panicking.
There is a saying that goes; " What goes up must come down" i hope you now understand
member
Activity: 546
Merit: 33
Rasputin Party Mansion
November 25, 2018, 06:30:11 PM
#13
There is no sure relationship between the price of the bitcoin and the international situation. It may be that these are speculative maneuvers, it may be that everything goes to zero, as the bitcoin may go to $ 50,000.
We are used to every kind of surprise ...
sr. member
Activity: 854
Merit: 250
November 25, 2018, 06:28:24 PM
#12
many factors make bitcoin or crypto currency and in my opinion the development of crypto currencies depends on the investor itself
legendary
Activity: 1806
Merit: 1521
November 25, 2018, 05:39:15 PM
#11
what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls

I don't think the oil price is correlated, but a real China-USA trade war could have pretty stark indirect consequences. The stock market is broadly correlated to Bitcoin, and I believe equities are indicative of risk appetite in the markets. This is important because cryptocurrency is regarded as a high risk speculative class of assets.

Stocks are back hovering near the October lows, threatening a major downturn. If a crash occurs in the stock market, I believe it will push the crypto markets lower as well.
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