Topic: Why BTC is down again? - page 6. (Read 1432 times)

The king coin bitcoin is down again due to the collective more negative news only not the effect, regarding regulations, banning, some social websites do not want to post the news or advertisement. hence this is news game not the effect. Now G20 decided not to crack down on crypto currency  causing surge in price.

I believe that a group of people artificially reduce the price and in three months it is worth waiting for the increase

I'm just happy that some wanna-be-whales who charged their credit cards and made GPUs disappear from the stores, will be in trouble if the prices stay low for a little longer and might have to sell some GPUs in order to pay up their bank!

I wonder.... if you bought 50x1070ti for 750€ each a month ago, that'd be 37500€. Now those would consume about 10€ in power each I think, plus something extra for the rest of the system but for the sake of simplicity let's say 10€ power/month/card +50€ = 550€.
I have no idea what's the credit's card fees like, but I believe a 5% intrest-rate on a 12-months plan would make sense. That'd be around 3.281,25€ per month.

Based on some online calculators, they'd make 1650€ in ZEC/ETH per month (without counting tx fees for a cryptocoin to reach your bank in euros).
So adding all up, +1650€ mined -3280€ for the GPUs -550€ for power consumption = -2180€ for the first 12 months.

I know how the markets work though and I believe that the prices will go up again, but hopefuly if people overcharged themselves out of greed to buy as many GPUs as they can get their hands on, they'll start selling them now and we'll see some lower GPU prices. We're talking about a seemingly 35.8 months for ROI! (it's actually ∞ for ROI if you count the rising diff and that new stronger cards would arrive by 35 months).

Bottom line: If you invested in crypto by buying through an exchange, just hold, you'll be fine. If you have a few GPUs that you bought in good price, worst case scenario you'll make less money that you had hoped or brake even. If you were greedy and bought more than you could handle hoping you'd pay-off through mining rewards, you're screwed!

There are a lot of factors that effects the price of bitcoin like right now the reason of down is the google ad's bann and Chinese New Year. We all know the price or value was down in the last two months of last year. And I believed Christmas and New Year were the reason behind it. For the same reason, I think the Chinese New Year is possibly the main reason behind this fall. We gotta say, China is a big country with a big population.

two reasons Mt Gox, and FUD's but weekend is over and big players need btc for the week business and deals.. The demand for btc will rise now and the rate and volume will rise also. I expect it can bounce back to 9500$.

Because of there are so many bad news related to Bitcoin come everyday and the whales are publishing bad announcement from famous people to speard FUD to make trader and holder feel nervous then try to cut their loss by selling with lower price. And the worst news come from China, the biggest country where all the biggest Bitcoin mining factories in the world located in.

Currently, Bitcoin has a lot of support areas, so when Bitcoin reaches that milestone, many people are already selling Bitcoin shares to make a profit, making Bitcoin's share price fall, leading to the remaining cryptos are also affected. There is also some negative news that affects the psychology of investor lead to panic sell, that reduces the exchange rate of BTC.

Always nonsense problems binance, china and like this reasons so much just we need to wait for our profit

You do not need news for the price of Bitcoins to fall.
There are many reasons for manipulations,
Whales -
Bigtraders-
All you have to do now is take advantage of this opportunity to buy the cheap amount of bitcoins. I'm sure you'll earn it here

Bitcoin may have many reasons for the fall, Firstly many countries prohibit Bitcoin. Secondly, some panic sells are called. Thirdly, some communities may be for bad post about cryptocurrency. As Bitcoin is sensitive so bad news has a big impact. But I think Bitcoin will return to the previous value very soon.

That is normal in any market, we are just so use to seeing bitcoin always up, remember that this is now a market, trades are common and we must understand that every time bitcoin value goes up, there are certain people who will sell theirs for profit, resulting in greater resistance pushing bitcoin value downward. People determines bitcoin value and I think we are in a point where people are not ready to buy bitcoin as high as 12k, not for now. I think BTC will stabilize in this level for quite some time.

I have noticed Bitcoin has gained an upwards trend when it comes about the total market cap it holds currently. From 36% up to almost 40%!
When bitcoin loses value, altcoins gain value!

in general bitcoin. It is an unstable currency in itself, without any contracts, so it grows then it falls, it's a usual drawdown

Bitcoin is up and down by buyers and sellers. We only track the situation and choose the right time to take profits and make a profit.

This thread is more than 2 weeks old.

Bitcoin has already recovered more than 25 % of the losses and is up ~6 % in the last 24 hours alone.
Regarding the stock market I don´t think that the asset bubble can burst as long as the central
banks of the world keep up inflating the money supply. The stock market has been flooded with artificial
liquidity, which has distorted any real price discovery.

The central banks are faced with a quandary and therefore can´t simply stop printing money / purchasing
bonds.

I am thinking of only one reason and that it because the world economy now is struggling. The stock market is down, dollar is down and cryptocurrencies are also down. But it we are all hoping it going to recover soon.

the occurrence of correction due to growth that is too fast in the year 2017, there are also other factors that make the market becomes very low
but right now I think the market has recovered and started to stabilize, although we can not predict it for sure. but the current bitcoin growth is quite stronger

You do not need news all the time to be able to explain the dips of Bitcoin and other cryptocurrencies. Dips happen every now and then. They are very normal. Right now, the red days are already replaced with the green or better days. Everyone can now check their portfolios with smiles on their faces. This is going to be a long rally since the dump that happened just recently was quite long.

The downfall of bitcoin is just normal, which we need to be patience and wait to increase again. As I remember way back a year ago, the value of bitcoin is so small, around $800 which my rank on that time is a member and I don't have enough knowledge about bitcoin but I'm still hoping and believing that bitcoin will increase in the future. Now, the trend is like the same as last years performance and I believe the value of bitcoin will go further $20,000. As I hold my share of bitcoin to know the fact that it will go back to its stabilized value soon.

Yes, bitcoin will be ups and down, yes it have an ups and downs. It will never remain on its price. There are times that bitcoin price will drop and sometimes it will be more higher. But all we must need to do is to have patience in waiting. All you must need to do is give all your effort and do your best.