Why does the value of Bitcoin dramatically decrease? - page 2.

Eureka_07

sr. member

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Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

There are some factors that contribute to the dramatically decrease of the bitcoin price. One of it is what happened last year, holidays, the holders sell their bitcoins ofcourse to provide their needs for that holiday so that affects the value of bitcoin now in 2018. Next, I think banning of bitcoin in some countries can also have an impact on the value of bitcoin in the market.

Denisliternyjj

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The price of bitcoin has decreased in my opinion due to unreliable news ! than frightened holders of a coin!

Brik03

jr. member

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Merit: 3

The value of the bitcoin varies according to many things ... even a false information about it is enough to make people start to no longer believe in its value.

silent17

full member

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Quote from: daarul50 on February 13, 2018, 03:40:20 PM

Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin on the market today is determined by bitcoin millionaires. This drastic decline is the act of the millionaires because they want the bitcoin prices to fall deeper so they can buy bitcoins at the cheapest price so they can benefit again when the millionaires are pumping. So, if you want to control the price movement of crypto then you must be one of the bitcoin millionaires in the world. Grin

I also think some of the millioners do this because they have the money to dump and buy a huge amount of bitcoin. I think they will buy a huge amount of bitcoin the suddenly they will dump it all at once. for them to gain more profit.

daarul50

legendary

Activity: 1596

Merit: 1034

Quote from: raiangelah on February 13, 2018, 02:00:41 PM

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

The price of bitcoin on the market today is determined by bitcoin millionaires. This drastic decline is the act of the millionaires because they want the bitcoin prices to fall deeper so they can buy bitcoins at the cheapest price so they can benefit again when the millionaires are pumping. So, if you want to control the price movement of crypto then you must be one of the bitcoin millionaires in the world. Grin

grimesrhymes

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In November/December we experienced some of the biggest growth we've seen in bitcoin and many would argue that it was not sustainable and a correction was due. I think we can attribute most of the initial fall to that, say from 20-13k.

After that we had a wave of mostly bad news, some true, some not:

- South Korea to effectively ban all cryptocurrencies (not true)
- China to limit access to all foreign cryptocurrency sites through their great firewall of China (not true)
- Facebook to ban all adverts on cryptocurrencies (true)
- Lloyds bank to stop accepting credit card payments for crypto transactions (true)
- India to ban cryptocurencies (not true)
- Senate hearing on cryptocurrencies (turned out to be positive but many feared it would not be)
- Chinese new year leading to much funds to be withdrawn from the market to fund expenses
- First round of futures contracts ended

I have probably missed many other things that happened in January because it really was a lot but this will give an idea. All of this leads to great FUD in the market and people sell low and whales take advantage of this to push the price lower so they can stock up.

LuvCyanide

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Hi! Bitcoin is very well established in the past year. But not all major investors managed to buy it. It is reduced by all means. This is an opportunity to purchase. Very soon it will fly.

odolvlobo

legendary

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Merit: 3391

This will explain it: https://en.wikipedia.org/wiki/Economic_bubble

raiangelah

newbie

Activity: 18

Merit: 0

Hi Experts,

I'm a newbie and i'm quite confused on why the value of bitcoin has dramatically decreased.

i mean yes i expect that someday the value of bitcoin will decrease, but for that to happen in a short period of time there should be a good reason.

can anyone please explain that to me so i can learn something from this event?

Thank you in advance.

Topic: Why does the value of Bitcoin dramatically decrease? - page 2. (Read 199 times)