Topic: Why is Bitcoin Down? - page 7. (Read 875 times)
I think there are a lot of profitable ways to make money on altcoins now ,with numerous ICO and value coins in the market, most traders are selling their bitcoins for such coins and ICOs. This is the result of bitcoins been bearish.
Looking as to why bitcoin is down
Bitcoin is down and believes me it is a just short-term sideways trend but the long-term trend is still in an uptrend which can be visible in the weekly and monthly timeframe. The sideways trend normally tends to react in such way that it takes out the weak traders out of the game before the new and bigger rally starts and right now this downside correction is just trying to shake out the traders from the game by creating such a panicking movement that the traders who are already holding their positions they just exit from there. you better stay away from these sideways trends or just hold your positions if you can do it.
Looking as to why bitcoin is down
people are selling bitcoin or buying altcoins with great possibility to x10 or more in value with bitcoin price now a double your money in an instant is impossible so most holder now are getting altcoins to make their profit more great. in due time people will sell their tokens just to be back in bitcoin community. so no worries on this! 
Bitcoin is down because rumors that the chinese government is going to ban local cryptocurrency mining because it burns too much energy.
If you are a long term believer in bitcoin then you shouldn't be worried about short-term price decreases.
Bitcoin has no where to go and short-term price decreases just make the currency more stable, it shows that even though all those bad messages came out, bitcoin was still able to survive, it gains more trust from its holders and brings newcomers.
I don't think that the recent decreases could be counted as "bitcoin goes down" more like bitcoin fixes its price.
It went up really fast recently, nothing can go up so fast without going down to fix its price.
If you are a long term believer in bitcoin then you shouldn't be worried about short-term price decreases.
Bitcoin has no where to go and short-term price decreases just make the currency more stable, it shows that even though all those bad messages came out, bitcoin was still able to survive, it gains more trust from its holders and brings newcomers.
I don't think that the recent decreases could be counted as "bitcoin goes down" more like bitcoin fixes its price.
It went up really fast recently, nothing can go up so fast without going down to fix its price.
i think, bitcoin price down because of the stock trading that is too free, this makes the level of public confidence decreased against bitcoin
Up and down prices is common on trading
The reason why people are selling is because a lot of investors have put their money into BTC to receive their proportionate amount of the new coin that is created after the fork occurred. Now the fork is cancelled, they are re-investing in altcoins.
Because this market is a bubble, and like every bubble sooner or later it explodes, bubbles aren't stable by definition. The only reason Ethereum is increasing, in the top 15 currencies, and also yesterday for a few hours Bitcoin Cash, is because people are converting their cryptos to these two currencies in order to sell them, because instead of BTC, BCH and ETH are a lot faster and cheaper for transactions.
It is exactly what I did last weekend.
Soon it will be a hell for the people who remained inside.
This for the short-medium term, for the long term (2/3 years) I am very positive like everybody else here.
It is exactly what I did last weekend.
Soon it will be a hell for the people who remained inside.
This for the short-medium term, for the long term (2/3 years) I am very positive like everybody else here.
Maybe because a lot of people exchanged their bitcoins to either altcoins or to fiat currencies. I just hope it wont stay this way and bitcoin would rise back up again.
Cryptocurrency is a volatile market and the bitcoin price is driven by the laws of supply and demand. The price increases if the investors want to buy bitcoin and the price decreases if the traders want to sell this cryptorrency. You need to know that even small movements of bitcoin can have a huge affect on its value because bitcoin has smaller market sizes as compared to fiat currency.
An important factor was that the other day co-founder of Bitcoin.com, the largest industry website, Emil Oldenburg, said that Bitcoin had no prospects, and he himself got rid of bitcoins. He called investing in crypto-currencies "the most extreme of all possible," and he is confident that people will start out of bitcoin as soon as they understand how this system works.
I'm guessing it's down because ETH is skyrocketing lately.
I believe this will be the year that ETH goes into the stratosphere price range.
I believe this will be the year that ETH goes into the stratosphere price range.
it is just a chance that bitcoin is down,it is a common thing in money
market ups and down are always there in prices,it is not a thing to
worry about.
market ups and down are always there in prices,it is not a thing to
worry about.
If you are looking at a course on CoinmarketCup, recently on the list of exchanges, Korean exchanges with overvalued rates were removed, so the price so fell. In fact, nothing happened.
Don't look for some special reasons every time when bitcoin price is corrected.
It's just part of volatility process and the price will be occasionaly corrected, there is nothing strange about it and nothing to worry about. Maybe some users are surprised now becuse they've expected that price will touch 20000$ immediately after new year and that didn't happen.
It's just part of volatility process and the price will be occasionaly corrected, there is nothing strange about it and nothing to worry about. Maybe some users are surprised now becuse they've expected that price will touch 20000$ immediately after new year and that didn't happen.
Bitcoin prices are influenced by some rumours, and because the decentralized system depends on the demand and sales of the bitcoin itself. If the demand for bitcoin increases then bitcoin prices will be high, but if investors sell their bitcoin then the price will go down too.
But for now, I read in some media there are two factors that cause bitcoin prices down. The first Microsoft Companies is not accepting payment via bitcoin anymore because bitcoin transaction is very long to processing just one transaction and high fee from one transaction. And the other reason is Coinmarketcap removed Korean exchanges from the market cap. That's why bitcoin price down, perhaps by next month the developer of bitcoin will launch the lighting network to speed up the process of bitcoin transactions.
Well, I think there are many factors that could affect the rise and fall in the price of Bitcoin. When it comes to the rumors you say I do not know. All I know is this, I'll try to explain some of the things I understand about Bitcoin price changes. First is the number of blockchains that are mined. If more Bitcoin is mined, the amount of Bitcoin in the blockchain will be less, it means Bitcoin will be scarce and the price will be higher. Second, someday Bitcoin will run out and can not be mined anymore. Third, more and more people are looking for Bitcoin for various reasons, such as invest, business, trading, and saved because it is believed to be the currency of the future.But for now, I read in some media there are two factors that cause bitcoin prices down. The first Microsoft Companies is not accepting payment via bitcoin anymore because bitcoin transaction is very long to processing just one transaction and high fee from one transaction. And the other reason is Coinmarketcap removed Korean exchanges from the market cap. That's why bitcoin price down, perhaps by next month the developer of bitcoin will launch the lighting network to speed up the process of bitcoin transactions.
I believe it's just the stage we are at in the cycle. It's currently altcoins time in the sun. Altcoins always tend to rally around this time of year, I suspect altcoins will overrun and then bitcoin will regain dominance and rally once again.
Bitcoin prices are influenced by some rumours, and because the decentralized system depends on the demand and sales of the bitcoin itself. If the demand for bitcoin increases then bitcoin prices will be high, but if investors sell their bitcoin then the price will go down too.
But for now, I read in some media there are two factors that cause bitcoin prices down. The first Microsoft Companies is not accepting payment via bitcoin anymore because bitcoin transaction is very long to processing just one transaction and high fee from one transaction. And the other reason is Coinmarketcap removed Korean exchanges from the market cap. That's why bitcoin price down, perhaps by next month the developer of bitcoin will launch the lighting network to speed up the process of bitcoin transactions.
Well, I think there are many factors that could affect the rise and fall in the price of Bitcoin. When it comes to the rumors you say I do not know. All I know is this, I'll try to explain some of the things I understand about Bitcoin price changes. First is the number of blockchains that are mined. If more Bitcoin is mined, the amount of Bitcoin in the blockchain will be less, it means Bitcoin will be scarce and the price will be higher. Second, someday Bitcoin will run out and can not be mined anymore. Third, more and more people are looking for Bitcoin for various reasons, such as invest, business, trading, and saved because it is believed to be the currency of the future. But for now, I read in some media there are two factors that cause bitcoin prices down. The first Microsoft Companies is not accepting payment via bitcoin anymore because bitcoin transaction is very long to processing just one transaction and high fee from one transaction. And the other reason is Coinmarketcap removed Korean exchanges from the market cap. That's why bitcoin price down, perhaps by next month the developer of bitcoin will launch the lighting network to speed up the process of bitcoin transactions.
A correction was due when it hit $20000 Mark and this was that. It is getting stable around $14-$15k now and hopefully, altcoins her pumped now because of this high stabilization. Ethereum is pumped because of POS hype and ETH tokens are jumping around with them.
Bitcoin prices are influenced by some rumours, and because the decentralized system depends on the demand and sales of the bitcoin itself. If the demand for bitcoin increases then bitcoin prices will be high, but if investors sell their bitcoin then the price will go down too.
But for now, I read in some media there are two factors that cause bitcoin prices down. The first Microsoft Companies is not accepting payment via bitcoin anymore because bitcoin transaction is very long to processing just one transaction and high fee from one transaction. And the other reason is Coinmarketcap removed Korean exchanges from the market cap. That's why bitcoin price down, perhaps by next month the developer of bitcoin will launch the lighting network to speed up the process of bitcoin transactions.
But for now, I read in some media there are two factors that cause bitcoin prices down. The first Microsoft Companies is not accepting payment via bitcoin anymore because bitcoin transaction is very long to processing just one transaction and high fee from one transaction. And the other reason is Coinmarketcap removed Korean exchanges from the market cap. That's why bitcoin price down, perhaps by next month the developer of bitcoin will launch the lighting network to speed up the process of bitcoin transactions.
Bitcoin prices is lately less stable. Sometimes the price is nearly $ 20,000, and sometimes it drops to $ 16,000. Range of rising and falling of bitcoin price is not too far away. I think this is still within tolerable limits. I think the bitcoin price is still stable. So do not worry to invest.
Jump to: