Topic: Why Bitcoin Price is going down? - page 4. (Read 650 times)
Nobody sells bitcoin for fun, there are severals reasons why they sell bitcoin. First they might be facing a cash shortage and they just cash their bitcoin out to get cash flow. Second, they could be making profit realization. Third, because of their county, they might be afraid of rigid government.
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.
I think now people are more scared to invest on the bitcoins because of its too volatile with the price before a month the price is nearly $20K but now the price is around $9K just down to half in a very less time period so people lose interest on crypto currencies.And the other factors are regulations from many countries od crypto currencies so the people of that country don't contribute for a while because they don't know the exact status there so it needs some time to recover from these kind of issues. 
I really don't know what's going on right now. First off, FUDS. These FUDS really affected the price of bitcoin and right now? I don't know what's going on anymore. I think, something like it is just natural because the market right now is bear. I have something I saw from a group in fb that bitcoin will retain its position at 5k from right now to May and will go to 10k-11 in December 2018. I don't believe in that thing but I just shared that in here.
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.
Exactly, it is unpredictable since it is an open market where virtually everyone on Earth can take part. Recently, many governements starting to notice the impact of Bitcoin to the economy and decided to take some control over it.
As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.
Yesterday the price of bitcoin reach more than 9100$,by seeing the value people from India may sell due to panic.It may be the cause for the price fall.Asusual when the selling of bitcoin is increased, price will reduce some how.
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.
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