Why crypto price down in January? - page 2.

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

Quote from: Agamemnus on January 30, 2018, 09:55:38 AM

The news was talking about South Korea as the reason this year.

Nothing to do with fees going as high as $55 then or USDT all being fake and used to pump Bitcoin price
up then ?

Yeah I know lightning network will save us but have you seen the map https://lnmainnet.gaben.win/

This is not Bob sending coins to Alice, this is banking hubs starting to get connected and are not ready
yet for fee paying customers quite yet

"South Korea" Cheesy

and it will be Kim from North Korea next week Cheesy

kpcda

newbie

Activity: 27

Merit: 0

i dont think south koreian news main effect for this price drop, main reason is price correction.in 2017 December BTC price went to $ 20000 then it drop and it is like bubble .then it bubble collapse and price came drop .all new member panic and sold all the btc like panic sell.then south korian news came and bug FUD went through the market . i think BTC price will go us in FEB and match like last year in mid 2018 BTC will reach to $ 20000

notyours

sr. member

Activity: 462

Merit: 250

Well i do think it is due to multiple withdrawal of users in their bitcoin account just to have a wonderful christmas and new year celebration. Many supply is being available in the market which causes the price to went down. But just after a few weeks it will still go back to its winning way and move forward. Same with the graph that can be seen we can assure ourselves that it will still grow.

Noospheres

newbie

Activity: 101

Merit: 0

Just take a look at the market history from previous years at around this time. History tends to repeat itself.

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

Quote from: Agamemnus on January 30, 2018, 09:55:38 AM

The news was talking about South Korea as the reason this year.

is that what they told you and it's nothing to do with USDT that's being used to pump up Bitcoins !

https://www.youtube.com/watch?v=MwKYbT9MoPE

Maybe lots of people can see that bankers took over here when transactions fees hit a peek of $55
of they have see the network map of banking hubs on the lightning network
https://lnmainnet.gaben.win/

This is not mama and papa banking like we were told, this is international banking within the network
and a lot of people will want nothing to do with it

green547

full member

Activity: 385

Merit: 101

Looking back at the past charts, there is always a decline in the market during January. There is no reason to panic and if you believe in the crypto tech and how it can change the world, just hold.

traged

newbie

Activity: 168

Merit: 0

There are more factors but main is lunar new year in east Asia...I read that 100 billions USD are being spent for this event and people in east Asia withdraw money from crypto....

PASHMAAL

newbie

Activity: 6

Merit: 0

Quote from: Agamemnus on January 30, 2018, 09:55:38 AM

The news was talking about South Korea as the reason this year.

I do not think that there can be any special reason for that, but may be the wrong news in the market can dump the price of crypto currency. Other wise i cannot see any other reason for that.

Agamemnus

full member

Activity: 267

Merit: 100

The news was talking about South Korea as the reason this year.

fellahst

jr. member

Activity: 45

Merit: 1

The price of cryptocurrencies has been down the last three years in January. What is the reason for this regular dip?

Topic: Why crypto price down in January? - page 2. (Read 273 times)