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Topic: Why BTC is down again? (Read 1432 times)

hero member
Activity: 938
Merit: 501
June 17, 2018, 01:40:02 PM
I think that people are never going to understand that we are not on a good market at the moment, how are they expecting to see bitcoin going up with the current market condition? gosh
jr. member
Activity: 178
Merit: 5
June 17, 2018, 11:14:06 AM
Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.
the cause of the fall of the value of all crypto coins not only causes the spread of bad news about him, but many people to sell his investment factor. sometimes a very important requirement at the same time people can sell it, or big investors just sell to play with the market value of crypto for further profit.
member
Activity: 135
Merit: 10
June 17, 2018, 11:10:43 AM
There is a lot of fud on the market, this was unevitable at the end, so i think that it will not last more than a few months from now to be honest, just relax guys
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
June 17, 2018, 11:00:34 AM
Again the price of bitcoin is down, dont know the exact reason for this drop. But there are so many negative news spread about bitcoin. So people are get panic and sell their bitcoins. This makes market more worst, but hope soon the market will recover. Use this chance to buy more bitcoin and hold it for future. Sure once the price will increase you will gain more profit than you invest. This down is temporarily so hold your coins.
sr. member
Activity: 728
Merit: 252
June 17, 2018, 08:14:01 AM
Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

The price of bitcoin down because there is exchange in Korea was hack. So their investor lost their assets. so far there has been no news whether the exchange will compensate or not.
member
Activity: 140
Merit: 12
June 17, 2018, 07:22:00 AM
Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

You don't need any news to know why it is down right now. As you observe the bitcoin chart last year it is always down this month so im not shock of it is down right now and most of bitcoin holder are panicking right now they sell it even at the low price.
full member
Activity: 420
Merit: 100
June 16, 2018, 07:43:04 AM
Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

Most of the people today are selling their coins because they believe on a fud that is spreading some where on different countries and the best thing to do today in order to avoid losing a huge amount of profit is to hold your coin and believe that cryptocurrency will still grow after a few months.
hero member
Activity: 3080
Merit: 603
June 16, 2018, 05:33:32 AM
perhaps I know my reading of the forums here helps me understand the bitcoin situation now because of the fact that investors and miners who hold lots of bitcoins are so expensive that their bitcoin price is being sold so decreased bitcoin value reaches $ 7k. but we should not worry about it.
It's one reason that when the price goes down, there's a massive selling order and those bitcoins that are sold makes the price lower.

And when bitcoin starts to be in that shape, alt coins are following as well so as a whole market, there will be a correction/dip/crash or what you prefer to call it happens.
member
Activity: 686
Merit: 39
June 16, 2018, 05:23:56 AM
Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

Almost all virtual currency values are down this week. The decline is due to some investors who sell their coins to face holiday needs after Eid Mubarak 2018.
However according to investors monitoring, the decline is due to the existence of warnings from a number of a regulator and increased crackdown on the virtual currency market. But there is also a guess that the decline that occurred this time due to the act of manipulation of the speculators.

I don't think eid mubarak affected bitcoin price because i think islamic countries or countries with largest moslem population are not influential countries in bitcoin unlike western and east asian countries. For example, when Indonesian's government bans bitcoin, the market wasn't affected at all. As you might have known, Indonesia is a country with the biggest moslem population in the world, followed by Pakistan and India (my reference : https://en.wikipedia.org/wiki/List_of_religious_populations).
member
Activity: 127
Merit: 10
June 16, 2018, 12:40:20 AM
perhaps I know my reading of the forums here helps me understand the bitcoin situation now because of the fact that investors and miners who hold lots of bitcoins are so expensive that their bitcoin price is being sold so decreased bitcoin value reaches $ 7k. but we should not worry about it.
sr. member
Activity: 532
Merit: 255
June 15, 2018, 10:18:46 PM
Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

Almost all virtual currency values are down this week. The decline is due to some investors who sell their coins to face holiday needs after Eid Mubarak 2018.
However according to investors monitoring, the decline is due to the existence of warnings from a number of a regulator and increased crackdown on the virtual currency market. But there is also a guess that the decline that occurred this time due to the act of manipulation of the speculators.
hero member
Activity: 770
Merit: 500
June 15, 2018, 09:11:49 PM
well there is a lot of fud on the market at the moment, and that is the main reason of why i think that everything is more than down at the moment, and it will continue like this

Yes nowadays the fud is working hard to bring the market down. But I do not think that they will get the success as from a longer time the price of bitcoin is trying to recover after it reached to $6000. We need to support bitcoin and do not sell our coins and to invite more investors to invest in bitcoin then it will rise again like before.
member
Activity: 194
Merit: 10
June 15, 2018, 08:53:41 PM
well there is a lot of fud on the market at the moment, and that is the main reason of why i think that everything is more than down at the moment, and it will continue like this
member
Activity: 294
Merit: 10
June 15, 2018, 07:18:54 PM
Because there is too much fud on the market actually, that is the main reason of why we are seeing so many people in here dumping all their coins as soon as they can


Bitcoin is going down because there is a very little monitoring of manipulative trading, spoofing and wash trading.
Because of the inherently anonymous nature of cryptocurrencies, authorities worry bitcoin could be facilitating fraud and price manipulation, especially considering the wild price fluctuations and volatility that are known to hit the cryptocurrency market. Addition to its downfall is the governments willingness to regulate cryptocurrencies.
sr. member
Activity: 658
Merit: 250
June 15, 2018, 05:28:06 AM
This up and down are the usual behavior that bitcoins are showing from a long time. No matter what are the circumstances, one must keep confidence in bitcoins and don’t get panicked in strict conditions.
Yeah, the market is now in difficult situations but all we need is to get benefit of this low market and to invest here with more amounts because this market is favorable for buyers and it will payoff in a high market, the market will soon go high as we have observed man times in the past. The current market encourages people to invest and I think this time or in the upcoming days the market will have huge traffic.
It's down again because demand keeps on changing, market keeps on moving, controversies keep on arising, fake news are very rampant, and people seem to have limited knowledge about the technology. However, this is a normal trend and one must learn to accept this reality. We should realize that when bitcoin drops it is just a temporary correction and recovery will happen at the course of time. Stay patient, positive, and believe that it can give quality of life.
member
Activity: 139
Merit: 10
June 15, 2018, 03:09:06 AM
Because there is too much fud on the market actually, that is the main reason of why we are seeing so many people in here dumping all their coins as soon as they can
full member
Activity: 293
Merit: 107
June 15, 2018, 03:03:50 AM
probably because investors and miners holding many bitcoin lose bitcoin value of $ 7k. but we do not worry about the bitcoin fall because bitcoin processing is like that.
full member
Activity: 659
Merit: 101
June 15, 2018, 02:31:23 AM
This up and down are the usual behavior that bitcoins are showing from a long time. No matter what are the circumstances, one must keep confidence in bitcoins and don’t get panicked in strict conditions.
Yeah, the market is now in difficult situations but all we need is to get benefit of this low market and to invest here with more amounts because this market is favorable for buyers and it will payoff in a high market, the market will soon go high as we have observed man times in the past. The current market encourages people to invest and I think this time or in the upcoming days the market will have huge traffic.
sr. member
Activity: 889
Merit: 253
June 12, 2018, 06:57:48 PM
The market fluctuation in the crypto currency cannot be stopped as bitcoin value is determine by the forces of demand and supply. As some the reaction is based on the fundamental issues like positive and negative news such as government ban and adoption.   
Bitcoin is not going down again, it is very false information. The current market price is now around 9 thousand dollar and is stable there from the last week with little increase and decrease in points, yesterday it was 9.1 thousand dollar and now today it is 9.4 thousand dollar. The market is going in a high rate and it will happen in the upcoming days.
Bitcoin was down few days ago and the market has recovered again now. A fall in the value of Bitcoin does not mean it is history. It might be due to some external shock in the market or might be the result of fall in demand. Whatever is the reason, the prices never stay at one point and this is actually good for the investors because some might wait for the prices to fall and enter the market with low capital.
legendary
Activity: 1414
Merit: 1001
June 12, 2018, 08:59:21 AM
Bitcoin is dropping its price again, and we all can't stop it because that is the sad truth, but for some, this is their opportunity to buy more bitcoins so they can gain more profit in the future. Hopefully that it is true, that bitcoin will still recover and will make another ATH.
Yes we must always assume a positive to keep our mental state. Suppose that this is an opportunity that can make us a profit because we can buy bitcoin at a cheap price and then sell it at a high price. This is a consequence of being able to make a profit. Bitcoin prices will always experience something like this and we can not avoid it. Our intelligence in taking the best momentum is the best way to get what we want.
This is indeed a bad condition for everyone, but if we look at opportunities then we can gain momentum to make a profit. for example when the price decreases then we can buy Bitcoin in more quantities and wait while hoping that the price of Bitcoin will continue to increase. This is indeed a consequence that must be accepted because of the nature of crypto that does not have good stability. But this is an opportunity we can take, so in every event there will be benefits and not all will end badly.
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