Why is Bitcoin falling? - page 7. | Bitcointalksearch.org

valterkjellberg

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Activity: 107

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Quote from: dayem708 on February 05, 2018, 11:27:52 AM

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.

Everyone was absolutely lustful for non-stop positivity and promise of exponential growth, even though there were plenty of warnings about massive overvaluation from the old hands. I myself wrote up a valuation of Bitcoin back in December, put it between $5,091 and $7,385. Got hate PM's from /r/Bitcoin posters. I got attacked by people from another certain subreddit who brigaded here (the crypto that is now banned mention for the next month) for my valuation of that crypto, which wasn't even negative, it simply was about 2x over market price rather than wildly optimistic 10x growth. Got plenty of hate PMs for that too. People who were warning against the price action going up too fast because of emotional investing were made fun and told they're jealous they missed out, attacked by the hivemind and disparaged for "spreading FUD". I've seen this happen to other posters too.

Alexis.Nick

jr. member

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Bitcoin is falling maybe because of the increasing number of its competitors. We must admit to ourselves that there are a lot of bitcoin competitors arise in this days. They are not just a competitors because some of them we can say a heading bitcoin on the top or being an almost the same stand of bitcoin. Even we can see that the users of bitcoin is still moving up, some of the old users are splitting now, and they were choosing to patronize the competitors for their different reasons. If this scenario will continues I guess bitcoin will not just fall this may also lead for vanish of bitcoin.

orarider

sr. member

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I think that is the rule of the development of digital money. bitcoin after a cycle to the highest peak, it will fall to the bottom and into a new cycle. I think you should invest bitcoin at this point and store it.

piter_wip12592

newbie

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Bitcoin wallet gets hacked and takes everything away. I think the bitcoin price is related to this issue. For now, I see a lot of hackers breaking into their wallets and taking away what people are doing. This has a big impact on this market.

Cryptomaniac13

newbie

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Unfortunately, Bitcoin is manipulated by Whales that squeezing the bitcoin

Babyboy423

newbie

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Bitcoin’s price fall is attributed to: Market manipulation - an unregulated market faces such challenges. It is extremely easy for people who hold large amounts of Bitcoin, to manipulate the price in their favor.

gemajai

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There maybe many reasons but I think, one important factor is that more people are now investing in other cryptocurrencies. Airdrops and bounties helped promote other coins. Other bitcoin holders are selling theirs to reinvest into some of these other coins. Another is the fear of getting hacked and losing more and more as they hold and wait.

Angletim

newbie

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Quote from: dayem708 on February 05, 2018, 11:27:52 AM

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.

The first is that there has been bad news about bitcoin, which has caused people to panic and sell bitcoins, which has led to a drop in the price of bitcoin.
Second, bitcoin has gone up so much that it needs to be adjusted.

megalith07

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Activity: 252

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Quote from: asicuser on March 07, 2018, 07:39:37 PM

I am not sure it's falling, up and down is normal.

I surmise that Maybe in light of the media dependably say that Btc is exceptionally hurtful when put resources into dependably discuss the negative side of Btc. Also, another reason is a few people don't accept and Btc we are not all that frenzy and soon everything will be ordinary. I utilize it to pay charges and gain some cash since I trust that Btc will give me a considerable measure of benefit later on.

Netnox

legendary

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It has fallen when compared to the prices in December. But you should remember that the exchange rates were below $1,000 per coin less than 15 months ago. Compared to that, the prices are still up by some 850%.

bellakrstna

newbie

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Bitcoin is falling because various reason.
For example, some people dump bitcoin in a large number so the market is affected.

bajigur894784

member

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I think, bitcoin the decline this year is because warnings from a number of regulators and the crackdown on the virtual currency market in several countries in asia.

Earlier this year, authorities in China are reportedly planning to block domestic access to Chinese and foreign virtual currency platforms that allow for a centralized trade. The regulator will also target individuals and companies that provide trade-related services that are centralized.

then, South Korea was reportedly drafting rules to ban virtual currency trading last month.

ofcourse, This makes bitcoin prices and a number of other virtual currencies plummeted dramatically.

SHAWN-MIDWAYS

hero member

Activity: 686

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Quote from: dayem708 on February 05, 2018, 11:27:52 AM

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.

I don't think the crash back then would have been stired by the Indian government because I do think there are as many whales as countries like Japan, China or the USA and knowing the major drop of prices was as a result of exchange regulations and some banks closing accounts known for crypto transactions.

cold cool

member

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When the market is low, the price of bitcoin, the benchmark, is certainly falling, as is the stock market. Please be rational about this problem.

kurt1212

newbie

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Quote from: dayem708 on February 05, 2018, 11:27:52 AM

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.

I dont think so that bitcoin is falling besides if its falling it because of crypto currencies and some demand buy and sell system though it can really effect bitcoin system .

josephpogi

full member

Activity: 434

Merit: 168

Quote from: dayem708 on February 05, 2018, 11:27:52 AM

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.

The fell off of bitcoin last January caused both a loss and gain to different people. The decrease of price is a result of high percentage of sellers than the buyers, supply and demand law where the price is reflected.
It is really expected as the price went to a incredibly high at $20000, worth over a million on our country and i guess the price will be back before the end of the year.

htsz_da12

member

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At present, the market is weak and many funds are unwilling to buy BTC at current prices. Therefore, the price of BTC has not been rising.

Rupok

full member

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The question will be raised in our mind,Bitcoin prices have reduced considerably in very short periods.Everyone is frustrated with this issue.However, I know that the price of Bitcoin has decreased so much. They are very disappointed in this matter. At the end of this year, I feel that the price of Bitcoin will increase rapidly.

m1c0

jr. member

Activity: 148

Merit: 3

Well I guess it is falling because there are more sellers than buyers right now Grin

no just kidding, it's not clear what causes the long bear market right now. Maybe it was just overhyped at the end of 2017 and now we see a healthy correction to a point where buyers start fomo'ing again.
Also it is said that Mt.Gox is selling thousands of bitcoins so there are panic waves in which bitcoin crashes very fast.

Market looks very unstable atm and a lot of experts don't agree if we are in a bullish or bearish scenario right now.
I think we will retest one more time $6-7k then go back to bullrun again.

mary0919

full member

Activity: 476

Merit: 100

:Dn 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.
[/quote]
I heard a news that there is a businessman who sold his hold bitcoins for billion dollars that is one reason why bitcoin has falling down in its price. I just hope it will be rising again soon. I believe it will be rise up if it hits again on its demand.

Topic: Why is Bitcoin falling? - page 7. (Read 1633 times)