Why Bitcoin Prices Down? - page 2. | Bitcointalksearch.org

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: Ketekantrasi on July 10, 2018, 05:28:17 AM

Maybe you've all seen the price of BITCOIN that dropped dramatically now, I myself am observing some news / articles explaining bitcoin prices, there are a lot of articles explaining the bitcoin price reduction and also different explanation of the cause of bitcoin reduction, some say that the embezzlement, which explains that the sale of digital currencies by various trustees in the Japanese cryptocurrency exchange, Mt.Gox, is declared bankrupt and closes its business in 2014 after losing about 850,000 Bitcoin. Its founder, Mark Karpeles, who pleaded not guilty to accusations of embezzlement, and also because the big mafia who said that there is a big mafia that is playing, by selling all the bitcoin that has been obtained from the bitcoin scam website they had made last year, and also the price The falling XPY is now also the cause of bitcoin down, maybe what I hear is true, all the causes it may indeed affect the bitcoin price, if you have other explanation about bitcoin price ?, you can share your knowledge so that all know what really happened so bitcoin slumped.

These are indeed the factors that influence the decline in Bitcoin prices. We can not say that the decline in Bitcoin prices is only influenced by one thing. Because there are so many factors and elements that will affect the price of Bitcoin. This is a consequence that must be faced by everyone who has Bitcoin. The Bitcoin Price Decline is fully influenced by negative news that could reduce trust in Bitcoin, because public trust in Bitcoin will determine how Bitcoin develops in the future.

We just need to follow the course, the development of bitcoin is influenced by many people that the users of Bitcoin. So continue the level of use of Bitcoin Transactions because then the volume of transactions will increase and it is a very positive thing that can increase the price of Bitcoin with a stable.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: YuginKadoya on July 10, 2018, 07:14:50 AM

It is already down because we are in a bear market right now, And because of a sudden exchange that has been hacked the price that is $7000 USD and up crash to $5800 USD we are still in a process of regaining what is lost, I really think that there are people selling their bitcoin and exchanging with some other coin or there are a major panic in the community, And there are a lot of factors involve why the price is so down right now not just because we are in the midst of a bear market.

it makes 0 sense that as a bitcoin holder, you would dump your bitcoins because some shitcoin (namely bancor/ethereum whatever the hell that is) is once again hacked. Who the fuck cares? as a bitcoin holder you aren't effected at all.

Then again I wouldn't be surprised about that. We are surrounded by a bunch of morons in this field. Too many easy triggered noobs holding a bunch of coins in coinbase. They need to be removed.

andohyeb

member

Activity: 287

Merit: 10

There are various theories to explain why bitcoins price keep going down but non is consistent with the price of bitcoin bearish. The basic thing to consider with bitcoin prices down are the demand and supply, if the supply is more than demand, then the prices will be lower.

victorski

member

Activity: 238

Merit: 10

It is a normal thing on this market for Bitcoin and other cryptocurrencies along with it fly up and fly down. It is just like waves (not the coin, lol) they are coming up and down. Be confident and courageous.

1Referee

legendary

Activity: 2170

Merit: 1427

Was there a reason for the price to jump up to $6800? Not really. Is there a reason for the price to fall down to $6350? Not really.

People should stop constantly caring about the fluctuations between $6000-$7000 because they are meaningless.

There is enough support to keep the price above $6000 for now, but at the same time enough selling pressure to keep the price below $7000 for now. Result is an obvious and firm range of $6000-$7000 that we just have to accept. One day we'll bump up a few hundred bucks, the the next day we fall a few hundred bucks, big deal. Roll Eyes

Oh boy, do I love Ethereum sink like a rock. Cheesy

YuginKadoya

legendary

Activity: 3038

Merit: 1169

It is already down because we are in a bear market right now, And because of a sudden exchange that has been hacked the price that is $7000 USD and up crash to $5800 USD we are still in a process of regaining what is lost, I really think that there are people selling their bitcoin and exchanging with some other coin or there are a major panic in the community, And there are a lot of factors involve why the price is so down right now not just because we are in the midst of a bear market.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: Ketekantrasi on July 10, 2018, 05:28:17 AM

Maybe you've all seen the price of BITCOIN that dropped dramatically now,

dramatically? LMAO

why? it is the same thing as before:
1. Bancor was hacked. the hackers stole about $23.5 million worth of Ethereum
2. people started dumping Ethereum in their fear
3. ETH dropped "dramatically" (which is -15% in less than 12 hours)
4. the dump in altcoin market brought bitcoin down a little (which is about 4.5%) as the money usually exits through bitcoin when it is escaping from altcoins to fiat!!

JMorrison

newbie

Activity: 4

Merit: 0

It had dropped below $6000 last week but the high of today was $6500 so I don't really think it's that shocking of a drop. Have a read of this blog which explains it in really good detail. Worth a read

https://baanx.com/3-things-which-could-be-catalyst-crypto-bounceback

Ketekantrasi

jr. member

Activity: 55

Merit: 5

Maybe you've all seen the price of BITCOIN that dropped dramatically now, I myself am observing some news / articles explaining bitcoin prices, there are a lot of articles explaining the bitcoin price reduction and also different explanation of the cause of bitcoin reduction, some say that the embezzlement, which explains that the sale of digital currencies by various trustees in the Japanese cryptocurrency exchange, Mt.Gox, is declared bankrupt and closes its business in 2014 after losing about 850,000 Bitcoin. Its founder, Mark Karpeles, who pleaded not guilty to accusations of embezzlement, and also because the big mafia who said that there is a big mafia that is playing, by selling all the bitcoin that has been obtained from the bitcoin scam website they had made last year, and also the price The falling XPY is now also the cause of bitcoin down, maybe what I hear is true, all the causes it may indeed affect the bitcoin price, if you have other explanation about bitcoin price ?, you can share your knowledge so that all know what really happened so bitcoin slumped.

Topic: Why Bitcoin Prices Down? - page 2. (Read 371 times)