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Topic: Why Bitcoin Price is going down? - page 3. (Read 650 times)

member
Activity: 168
Merit: 10
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February 07, 2018, 09:19:51 PM
#26
I think the bitcoin price is going down cause of the regulations from the governments.
A lot of countries decided to start a war against cryptocurrencies...
jr. member
Activity: 159
Merit: 1
February 07, 2018, 09:10:27 PM
#25

the same thing look at the very good bitcoin price at any time higher, it makes alt can not have good power.
member
Activity: 294
Merit: 11
February 07, 2018, 09:02:26 PM
#24
It's a matter of community, honestly, by what china and korea did to a bitcoin is, has a big effect in bitcoin price. Chin, as we all know is banning bitcoin, and also the south korea, and every country has what we called, a regulation. All of this is affecting bitcoin community to get decreased.
And affecting it's price because of the bitcoin supply increasing due to a community lost of bitcoin.
member
Activity: 112
Merit: 17
February 05, 2018, 06:59:04 PM
#23
The drop directly correlates to the announcement from the developers that the fork is no longer going ahead. The reason why people are selling is because a lot of investors have put their money into BTC to receive their proportionate amount of the new coin that is created after the fork occurred. Now the fork is cancelled, they are re-investing in altcoins. Recently, Bitcoin touched the highest price mark. Many people sold their accumulated Bitcoin is order to cash the profit, resulted in more Bitcoins in the market. As Supply increases but demand remains same, hence price went down. Bitcoin is the future of the internet. You don’t have to buy 1 BTC to start investing in Bitcoin, you can buy Bitcoin with as little as $1. Bitcoin is and will be the king for at least next 4,5 years. Keep calm and trust Bitcoin
member
Activity: 454
Merit: 13
February 05, 2018, 06:31:28 PM
#22
When bitcoin was rising astronomically in 2017 and reached $20k was anyone asking why bitcoin was going up? No? Thought so. If you had, and you understood why, then you'd know why bitcoin is going down.
member
Activity: 259
Merit: 15
February 05, 2018, 06:26:17 PM
#21
As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.



Bitcoin can going down more some days I think.
MiF
sr. member
Activity: 1442
Merit: 258
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February 05, 2018, 06:16:24 PM
#20
First of all, Bitcoin is very volatile the price may increase and decrease for a short period of time. We will see a good bounce back very soon as we encountered many fud news this month it will be good after rain and when there's rainbow Price will increase gradually!
This is already been expected from a long time ago bitcoin price is unstable.We really don't know the action of some big country sometimes they really do an action that the people around may dis courage in bitcoin and they really gain from our fear.People around may do panic selling on this huge dropping  of the bitcoin price.My suggestion is we really need to hold don't let that there are some people who gain from the fear of ours.
full member
Activity: 406
Merit: 101
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February 05, 2018, 06:10:29 PM
#19
First of all, Bitcoin is very volatile the price may increase and decrease for a short period of time. We will see a good bounce back very soon as we encountered many fud news this month it will be good after rain and when there's rainbow Price will increase gradually!
sr. member
Activity: 462
Merit: 252
February 05, 2018, 06:06:20 PM
#18
bitcoins have been volatile from day one , so once you find that speculation in the market has increased you can also expect the volatility to increase some countries have tried to cull the use of bitcoins but are they successful in doing that , the answer is always no , what they are creating is a black market type situation which will eventually fuel the price volatility of bitcoins. Governments the world over continue  express anti crypto currency sentiments so even though this isn't directly responsible for the fallout it does contribute .
Nfp
member
Activity: 168
Merit: 14
February 04, 2018, 10:04:15 AM
#17
As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.




The market value of bitcoin now a days is seriously dropped to its lowest price on this year 2018, and it's maybe because of those FUDs or fake news that are spreads all over to some crypto news sites. That can cause a panic selling for those bitcoin holders that are afraid of losing more of their capital that leads them to loss a lot of money instead. But i think it's only a tactic of those big time holders to manipulate its price, so they can make their investment to a cheaper price and make a huge profit when the bitcoin price is coming back to its highest price after the dropping.
newbie
Activity: 196
Merit: 0
February 04, 2018, 09:29:28 AM
#16
Because people had much BTC sell much BTC and made BTC fall down and make the price low
newbie
Activity: 52
Merit: 0
February 04, 2018, 09:04:18 AM
#15
Weak demand and very bad news coming out almost every day. People are cashing out on massive profits.
full member
Activity: 376
Merit: 100
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February 04, 2018, 08:54:03 AM
#14

yes, one of the factors due to some prohibitions and rumors that occurred, the result of the correction that occurred in 2017, bitcoin rises fairly quickly. the current impact of the correction occurs and plus some rumors such as the ban. this is what makes bitcoin down according to my understanding.
sr. member
Activity: 644
Merit: 263
February 04, 2018, 08:43:00 AM
#13
Until the prices dropped to 10K or even 9.5K then it was predicable from the few factors as to why the prices are going down. For example, until the mentioned prices were reaching there were many bans that happened like Indonesia, Korea, china, etc. The after was supposed to be panic sell and thus the fallen market cap. The result was lowered value without any further explanation not needed. Also, later on we had the lunar new year and people were cashing out everything for their personal use. So, that one was explained!

But the later part where we are going down to 8K etc, is really bad move of the bitcoin. This I dont really think is good sign of anything. There is not even big news thats coming which can make the thing worst. We need real answers for the later part as it is going off the chart really.
member
Activity: 104
Merit: 10
February 04, 2018, 08:41:53 AM
#12
and also that affect the price of bitcoin down is because many amateur investors are scared by the outstanding news, about FUD. I'm afraid they dare to buy high prices and sell cheap. so, this is wretched. In some exchanges, I see a lot of people selling their BTC when prices go down rather than buying making demand decrease.
full member
Activity: 546
Merit: 100
February 04, 2018, 08:40:09 AM
#11
if you looked back since 2014, bitcoin drops every january-february in every year since 2014, i don't know it accidental event or no but it already happened 4 times in a row. maybe this is a strategy for long time traders ( the whales ) for getting lots of money with not much effort in trading (they just entered at the right time and if they sell the price will going down so deep)
sr. member
Activity: 728
Merit: 251
February 04, 2018, 08:38:49 AM
#10
all the price altcoin and bitcoin now experienced a drastic price reduction, seems people who hoby do trading sell and buy, must be careful because it is not obtained a profit that can be even big losses. I hope all the price bitcoin and altcoin come back up like the on previous price.
legendary
Activity: 2576
Merit: 1655
February 04, 2018, 08:37:16 AM
#9
As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.




Yes, because governments all over the world are working together to bring bitcoin and crypto to its knees. They are really afraid how disrupted it is, but it doesn't make sense at all. Why the hell will it be disrupted when only a few % of the total population on the planet have been into crypto? If they are afraid that its being used by criminals then they can easily track it down in blockchain network.

I really thought that we are in the process of recovery, but I spoke too soon. It looks like that it went below $9K. Investors are really afraid and just want to wait it out. This is gonna be long so that best thing to do is just hold on our crypto assets.
hero member
Activity: 1176
Merit: 509
February 04, 2018, 08:36:32 AM
#8
I think the reason why Bitcoin price is going down because of the FUD that India and South Korea banned it. There are some news that those fake news were manipulated by the whales so that they can add more Bitcoin and altcoins on their investments. Do not panic. After a few months, everything will be ok.
newbie
Activity: 106
Merit: 0
February 04, 2018, 08:29:19 AM
#7
Bitcoin is going down because the demand is too low: like in 2017 there were so many traders, but now i think the traders take a rest. That would explain why the demand is too low.
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