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Topic: Why is the bitcoin price going down? - page 2. (Read 387 times)

hero member
Activity: 1008
Merit: 510
February 02, 2018, 05:04:10 PM
#11
Why is the bitcoin price going down? Sad Sad

One factor was the announcement by Facebook that they will no longer allow any Bitcoin or cryptocurrency advertisements on their site. This combined with news of tighter regulations in South Korea and India helped push the price down. The cryptocurrency market emwas die for a correction anyway, so all of these factors played a role.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
February 02, 2018, 03:53:09 PM
#10
There is not enough new money entering the market to sustain the price with the current selling + generation of block rewards.
legendary
Activity: 4438
Merit: 3387
February 02, 2018, 03:42:50 PM
#9
Why is the bitcoin price going down? Sad Sad

It's easy. The reason for the price going down is the opposite of the reason for the price going up.
 
Anyway, the drop is the normal result of a speculative buying frenzy. It is impossible to predict when it will happen, but it is a certainty.
jr. member
Activity: 126
Merit: 1
February 02, 2018, 03:07:46 PM
#8
large players created the hype to buy a cryptocurrency cheaper =)
jr. member
Activity: 135
Merit: 1
February 02, 2018, 03:04:06 PM
#7
People are blaming Korean FUD a lot for this fall. But I think the Chinese new year is the main reason behind it. And of course the Panic Sell is leading it to more downfall. I hope the value of the bitcoin will become steady within few months. It needs to, it influences all the other crypto currencies.
newbie
Activity: 87
Merit: 0
February 02, 2018, 01:32:46 PM
#6
The main reason for me is FUD.....too much panic amongst investors is actually causing a lot of decline
member
Activity: 238
Merit: 10
February 02, 2018, 01:27:56 PM
#5
Mainly India and Korea government decision cause for that and panic sell make price drop soon. Some third party manipulating crypto currency market for buying BTC at very lower price. Lot of disappointed news also  made panic seller more higher.
sr. member
Activity: 501
Merit: 252
February 02, 2018, 01:09:52 PM
#4
Indian budget yesterday came in which they use sentence " Cryptocurrency is not legal tender " and people think " not legal means illegal " but Finance Minister already said , Not legal means we are still not in position to say anything about it.

Today if i am not wrong , they cleared we will think about it. As two big trade site are working in India , Unocoin and Zebpay.
sr. member
Activity: 2156
Merit: 323
February 02, 2018, 12:36:26 PM
#3
Why is the bitcoin price going down? Sad Sad
All the matters are confined in simple words, it's panic selling. Damn rally of continuous regulation on crypto exchange and mostly spreading of FUD is the culprit of price dipping.
member
Activity: 364
Merit: 11
February 02, 2018, 12:27:01 PM
#2
Why is the bitcoin price going down? Sad Sad

China, Japan, India, Bitfinex. But all this is already in many other threads inside. I wonder why you make a thread with this question again. You just have to read them. Who does not read crypto will never understand either.
and you will not get a reward for such questions. You have to earn it differently. sorry
newbie
Activity: 13
Merit: 0
February 02, 2018, 09:17:17 AM
#1
Why is the bitcoin price going down? Sad Sad
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