Topic: Why is Bitcoin Down? - page 4. (Read 875 times)
Thus is typical and normal prices will go up and Down now tomorrow and always nothing to worry abt
Bitcoin can not constantly grow in price. Due to the fact that he is exposed to high volatility, he periodically after growth needs an adjustment. Also, he is sensitive to the news of the crypto currency market, then increasing, then falling in his price. After a big recent rise in bitcoine prices to $ 20,000, now he has moved on to the adjustment and floats in the course. The uncertainty of the situation with the price of bitcoin and the slowdown of its growth is largely due to the accumulated shortcomings of bitcoin - the slowness and high cost of its transactions. While this is the reason that bitcoin does not increase in price.
Yes the bitcoin value is going down day by day now days, i am thinking some correction are going in bitcoin once all correction will be done surely bitcoin value will get more than 20k in coming days.
The price is only going down because of the fucking korean regulations + government issues.
Thatis the only explanation that you are probably looking for
Do not pay attention to the others who are saying bullshit about it, because that is the only explanation.
And most altcoins went down by more than 10% on coinmarketcap, because the korean exchanges got delisted from there.
So the average of the price changed drastrically.
This caused a huge panic selling and the price went down by a lot
Thatis the only explanation that you are probably looking for
Do not pay attention to the others who are saying bullshit about it, because that is the only explanation.
And most altcoins went down by more than 10% on coinmarketcap, because the korean exchanges got delisted from there.
So the average of the price changed drastrically.
This caused a huge panic selling and the price went down by a lot
Korean exchanges was always on top of the market last year, I always see KRW on top of the market, they're the biggest contributors because chinese people buy from them. But I'm afraid of what will happen if their government plans to implement taxing every crypto related gains.
Bitcoin will still rise
Bitcoin is always rise and fall. now it may down,it will increase and it will give more profits.
After long Bitcoin rally and Sundeen hike in prices bitcoin chart will react for any negative news so prices will be stable or down for quite some time after positive sentiment and positive news from market again we can expect high spike in bitcoin prices
The whole market of cryptocurrencies is down with over 25%, in the last hours it started to increase back a little. Dont worry it is just a manipulation from the big guys of cryptos to get the price down so they can buy when the price is low and sell back when it gets higher.
Soon all the coins are going to increase back even higher than before. It is not the first time when this happens and surely not the last time. Dont sell anything, my recommendation is to buy even more while the price is down
Soon all the coins are going to increase back even higher than before. It is not the first time when this happens and surely not the last time. Dont sell anything, my recommendation is to buy even more while the price is down
I am agree with you. Though bitcoin is dawn now a days dont sale it now. Wait for this month end it will definitely rise. I think may be due to new year celebration people may have sell their bitcoin. this might be a one reason. Another reason is may be due to increase in bitcoin transaction fees . If you see the other currencies like ethereum and other currencies their transaction fees are less. So may be most of the people has invested their money in other coins. Though these may be the reasons of fall in price, it will increase soon . wait for few months.
CMC has removed korean exchanges from its calculations .
Bitcoin and other altcoins are not down, it's just that their average value is calculated differently .
Bitcoin and other altcoins are not down, it's just that their average value is calculated differently .
Bitcoin is unstable currency,it always ups and down.if it in lower price,it will increase in future.
It is not new. Maybe you could see some history of it and you will find out that this happens most of the time.
Actually it is better now because it is not halved.
Before I use to panic that it might come to an end because of the history that it had going to a value like a dust.
You should be used to this by now.
I think many will agree with me.
Actually it is better now because it is not halved.
Before I use to panic that it might come to an end because of the history that it had going to a value like a dust.
You should be used to this by now.
I think many will agree with me.
Looking as to why bitcoin is down
I did not keep up with market developments earlier this year. but I suppose a fair thing happens to the market, when it occurs in some crypto or bitcoin. yes all things are commonplace. so I guess the downturn is still at a reasonable rate. I believe bitcoin can survive and increase again
Looking as to why bitcoin is down
As Bitcoin prices soar for a long time many people own Bitcoin in bulk and sell it. When they sell all their Bitcoin at a lower price then this will cause Bitcoin to go down. 
At the moment the reason is that lots of the investors are moving towards Bitcoin Cash because they feel that bitcoin core doesn't have any future especially when the developers are on the fence about implementing changes to the block size.
There is very little evidence to say that this is happening, even if the early numbers at the end of last year seemed to suggest that. Bitcoin may have had its market dominance eroded over the last year, but if you look at Bitcoin Cash dominance, it peakes around 10% but is still floundering now below 10%. Even Ethereum, which had its run early last year and is at all time high now, can barely manage 15%.
It's probably true that a lot of people are at least temporarily switching to alts to move around funds, simply because of the Bitcoin network congestion, but I personally haven't seen anyone or any service I use abandon Bitcoin. Developers are not "on the fence", haven't you been following updates?
In fact, the period that Bitcoin Cash spent the most time and money actively trying to displace Bitcoin was when BTC was at its highest.
The drop will be halted very soon as ETH is going ATH, many people will quickly swim back to BTC from alt/ETH.
Looking as to why bitcoin is down
down and up it's like everyday in cryptocurrency but if you want to know more maybe it's cause the microsoft company not using bitcoin anymore didn't know why they don't use it anymore. but the price going down and up it's an usual activity for that just wait until the price back againI don't think the current price fall is not due to that microsoft's announcement because i don't think that much of people using bitcoins for buying microsoft products.The price crash is maybe due to the ethereum price bump so people are transferring their bitcoins to ETH to make more money and I heard that there is a ethereum fork coming up at the end of January so people will receive free coins thats why more people are moving to ethereum but this price fall is not permanent the price of bitcoin will rise soon so grab some bitcoins when the price is cheaper.
Because i think many investitor are moving toward altcoins or bitcoin cash, but is normal down and up in the market, bitcoin will rise soon again
Looking as to why bitcoin is down
down and up it's like everyday in cryptocurrency but if you want to know more maybe it's cause the microsoft company not using bitcoin anymore didn't know why they don't use it anymore. but the price going down and up it's an usual activity for that just wait until the price back again 
Earlier when the bitcoin reached at its highest value during that time many people were investing on bitcoin which increased the demand but then the Christmas and New year came and people start selling their holdings which decreased the demand very high and now the bitcoin is facing the fall in its value.
Everything that is happening right now is all part of the cycle, there will always be Bloodbath and Christmas time in cryptoverse. A wise investor/trader always have a strategy and set how much profit/loss they can take. Do not let your emotions affect your strategy or else, it could result to panic selling.
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