Topic: Why is Bitcoin falling? - page 15. (Read 1633 times)
this may be the beginning of the rise of bitcoin, yes we just wait this week may be bitcoin immediately up the price.
probably because of China's implementation of firewall on all their websites. That firewall is supposed to ban all crypto activities. If USA does the same we will see the btc around 3k. situation is getting worse with people panicking and all of the sudden small demand for BTC. recovery period will be long.....maybe lasting years.
Honestly, I have never seen anything such. People are panicked and continuous FUD going on. My experience says the Market cap would not go under 250B.
Many people are panic selling their coins which is causing even more drop in bitcoin prices. Also recently India declaring bitcoin to be not considered as a legal tender and measures will be taken to stop the use of cryptocurrencies is causing many Indian Bitcoin holders to sell their coins which is increasing the supply.
Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.
CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.
CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.
I think it is usual big correction. We had the same several times in 2017 year. Probably it is almost the bottom - I think 6k$ is minimum price that could be..
Fully agree. Newbies who took loans or sold house to buy on hype now get panic + Jan/ Feb is the start of the taxation period in many countries. The market cap is tiny. Just hodl friends!
You raise good points. When people do stupid things like mortgage their properties to speculate you know you're in a bubble that will correct. And by bubble I don't mean that cryptocurrency itself is a bubble, just that there was a part of the recent price hike that was a bubble, and it's popped.
The other point is relevant. People who made lots of profits in cryptocurrencies will need to pay taxes and will probably need to sell holdings in order to do so. That may hold the price back all the way through April. I hope to be wrong about this one.
It can be the bad news from different countries that give great impact when they announce to ban all ICO'S and all cryptocurrencies exchange platforms.Many withdraw their coins and didn't bother to invest again.So,the demand and supply of it was strongly affected that caused bitcoin's price fell down.
Much of the demand was being feed by USDT printing up fake money and buying Bitcoins to pump the coin up to
fantastic new heights so the bubble has not popped, it's just the pump that is broken and that many people left
in protest about the fees being so high
Because you cannot expect something to rise 50% month after month for a lifetime.
The quicker any 'bubble' rises, so it crashes. Give it some time and it will be straight back up there.
The quicker any 'bubble' rises, so it crashes. Give it some time and it will be straight back up there.
The short answer is that it is falling because it is falling, and that really is the dominant reason. Just like it tends to rise because it has been rising, and over the short run that's usually the dominant answer.
Yes, you can cherry-pick negative news (mostly overblown). But that's just an excuse, because we see the same sorts of negative news while the price is rising and it hardly has any impact.
Zoom out and look at the big picture. Bitcoin skyrockets, than plummets, then the cycle repeats. The duration of each cycle and the amplitude of the high and low are variable, but the boom-and-bust pattern is very evident. I expect it will remain so until it reaches maturity thanks to increasing usage (not speculation) and wider adoption.
Wall Street has noticed the pattern, and isn't being stupid about it. I doubt many people have pulled out of crypto permanently, but a lot have sold with hopes of buying in lower and are now waiting to sense a bottom. There will be monster profits (dwarfing even the last cycle) to be made when the bottom is reached, assuming the boom and bust pattern continues.
Yes, you can cherry-pick negative news (mostly overblown). But that's just an excuse, because we see the same sorts of negative news while the price is rising and it hardly has any impact.
Zoom out and look at the big picture. Bitcoin skyrockets, than plummets, then the cycle repeats. The duration of each cycle and the amplitude of the high and low are variable, but the boom-and-bust pattern is very evident. I expect it will remain so until it reaches maturity thanks to increasing usage (not speculation) and wider adoption.
Wall Street has noticed the pattern, and isn't being stupid about it. I doubt many people have pulled out of crypto permanently, but a lot have sold with hopes of buying in lower and are now waiting to sense a bottom. There will be monster profits (dwarfing even the last cycle) to be made when the bottom is reached, assuming the boom and bust pattern continues.
Lots of FUD, the media reporting China and India are to ban crypto when this is not true but the damage is done. Plenty of other bad news like that really affects the price
It can be the bad news from different countries that give great impact when they announce to ban all ICO'S and all cryptocurrencies exchange platforms.Many withdraw their coins and didn't bother to invest again.So,the demand and supply of it was strongly affected that caused bitcoin's price fell down.
The reason why bitcoin is falling, because people are scared to buy and invest in bitcoin, when they heard about a negative news about it, so it happen they selling their btc. I don't think that even other countries ban bitcoin is the cause of falling. But don't believe in the news, instead give trust and spread the good news so that people will convince today to invest and to buy. So that people don't doubt anymore to invest.
I dont know why everyone get paniced? Look 3 months back. We were on the same price like BTC have now. 3 months!!!!
In this 3 months, many people had huge wins.
Then there are much negative news. Panic seller.
Look. These guys, who got huge wins, will come all back. We are now in a bearish time. Just wait! Maybe in 3 months we will stay at 30k$? Who knows? Its very volatile. In my opinion the market will be bullish at march.
In this 3 months, many people had huge wins.
Then there are much negative news. Panic seller.
Look. These guys, who got huge wins, will come all back. We are now in a bearish time. Just wait! Maybe in 3 months we will stay at 30k$? Who knows? Its very volatile. In my opinion the market will be bullish at march.
Bitcoin is not falling but the price of it is just falling due to a lot of individuals/investors are all afraid in the price right now due to the left and right negative news, that means they don't fully understand the concept what bitcoin is and that they are just after the money when the price is high but when the price is low, they don't support bitcoin.
Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.
CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.
Fud is the main reason why bitcoin is crashing down..CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Government’s stance on cryptocurrencies.
believing on the fud makes some holders do panic selling the reason why its dumping fast...
but in my own oppinion bitcoin is still at high price since i started where in the average amount was just ranging to 600 to 700$.weak hands is also the main reason why the price was dumping...
Just engage your thinking hat.
Check the year-on-year chart, then think hard at why the price reached 20.000$ high. that is a good part of the story behind the current drop.
Check the year-on-year chart, then think hard at why the price reached 20.000$ high. that is a good part of the story behind the current drop.
The price dropped on this market for you 2 thoughts
1. The government is actively collecting coin secrets to continue playing the game against the people and helping the government to control the coin value in government hands.
2. The government will end the virtual year-like virtual dot-com adventure
I still look forward to more possibilities
1. The government is actively collecting coin secrets to continue playing the game against the people and helping the government to control the coin value in government hands.
2. The government will end the virtual year-like virtual dot-com adventure
I still look forward to more possibilities
Don't forget the fact that there are tons of newbies who came into crypto recently, that are now getting panic and therefore rekt right now. Been doin crypto since 2015 and almost every single one of my friends who joined around november/december 2017 is about to sell everything they own in crypto right now. HODL and don't check coinmarketcap every 5 minutes 
Fully agree. Newbies who took loans or sold house to buy on hype now get panic + Jan/ Feb is the start of the taxation period in many countries. The market cap is tiny. Just hodl friends!
Don't forget the fact that there are tons of newbies who came into crypto recently, that are now getting panic and therefore rekt right now. Been doin crypto since 2015 and almost every single one of my friends who joined around november/december 2017 is about to sell everything they own in crypto right now. HODL and don't check coinmarketcap every 5 minutes
Yeah, it is not even matter of "technology" or "news", just people panicing. There is also possibility that some billionaires who don't want to see Bitcoin on world's financial arena are constantly lowering its price simply by selling huge (for us mortals) amounts. So best you can do is just hodl. 
Jump to: