Topic: Why is bitcoin price getting low - page 2. (Read 234 times)

Bitcoin price is getting low right now because many country now limit the use of bitcoin as currency they passed a law ordering to all financial institution to their territory to ban bitcoin that why the price of bitcoin to other country affected of this things and everyone suffer of this problem.

the bitcoin price has dropped because there are so many investors now unlike previous people so many investors have so high prices.

Because the whales need it. Also, many funds and financial institutions are beginning to enter bitcoin. You think they're gonna buy it for $ 20,000? No. Everything will be arranged so as to buy bitcoin at the lowest possible price.

Nobody can say why the price is dropping. As I think, this is correction that community was waiting after BTC price went higher than level $ 10,000. But after that we saw how it raised to $ 20,000 instead of correction.

The US Securities and Exchange Commission's (SEC) presence in investigating bitcoin and other cryptocurrency exchanges led to a reduction in bitcoin prices as part of an investigation

The price has dropped by more than 25% in the Indian exchanges after the central bank has said that it'll ban all banking entities to stop dealing with crytpocurrencies.
Link: https://www.bloombergquint.com/business/2018/04/05/rbi-bans-regulated-entities-from-dealing-with-virtual-currencies

This too may have contributed to the sudden drop. For the first time, the price in INR is less than the international price..

Tough, exciting times ahead to learn the trade of a true cypherpunk. We shall resist!!

I also wonder why bitcoin drops even further as to why this is the bitcoin price. It is true that the prediction is said in december that bitcoin falls to 5k $ before climbing again and their prediction end of 2018 is at 60k $ per bitcoin. I still read a lot about why the price has fallen so far as bitcoin's price rises much to the satisfaction and no complaints. The only thing I can say in this world of crypto is that it also circles around what's happening. The year 2017 has grown considerably but this year's 2018 is also a big fall.

The low prices or fluctuations we have been having all these while is as a result of government policies that are targeted at cryptocurrency transactions like exchange houses, ICO events, etc. It would not last long. Things would soon stabilize.

The investor in crypto-currencies and the co-founder of the well-known analytical company Fundstrat believes that the market will fall to a minimum on the day after paying taxes in the US. A large analyst with Wall Street, crypto-currency investor and co-founder of the research company Fundstrat Tom Lee believes that the "massive outflow" of capital from the digital market money can accelerate on the eve of April 17, this is the last day of paying taxes in the US, reports CNBC. Tom Lee noted that American traders and investors owe the state $ 25 billion for operations with digital money. Exchanges will also have to pay taxes on time, so they can start selling actively crypto currency in the coming days, this will negatively affect the cost of digital money. "We believe that the pressure on the market creates a crypto exchange, which is required to pay income tax in the US jurisdiction. Net income of exchanges for 2017 is equal to or exceeds $ 1 billion. At the same time, their working capital is concentrated in bitcoin and etherium, and not in USD. Accordingly, in order to fulfill their tax obligations, they sell BTC / ETH, "the expert believes. The specialist added that "historical estimates indicate that the outflow of each dollar is reflected in the fall in the market capitalization of the Crypto-currency at $ 20-25." In the first three months of 2018, the total capitalization of the market decreased by 50%, for bitcoin and ether it was the most unfortunate period in history. "The risk of directed actions by regulators is still substantial. The mood remains awful. According to our estimate of the bitcoin poverty index, the situation remains disastrous. Ultimately, we are counting on the fact that bitcoin will find the bottom after April 17, the last day of tax payment, "said Tom Lee. Earlier, the expert made a forecast about the course of the first crypto currency. In his view, the price of BTC will reach $ 91,000 by March 2020. In January 2018, when the bitcoine price dropped to $ 9,000, the analyst said that the coin would rise in price to $ 25,000 by the end of the year.

It is currently worth less because it is low Bitcoin. Bitcoin's price has been reduced so the seller is more than the buyer.

This big dumps of bitcoin comes from the decreasing number of demand. The supply is already max but the demand is getting low. And majority of the investor dont sells their bitcoin now but there are some people who scared thats why they dump some of their coins.

is there any conflicts in bitcoin its price is getting low aggresively. .. anyone can give answer to my question thanks .. feedback .