Why price going down today? | Bitcointalksearch.org

quarkyplum

full member

Activity: 378

Merit: 100

Quote from: yillusion on September 02, 2017, 08:40:02 PM

Quote from: Morphling on September 02, 2017, 08:23:39 PM

Quote from: ahmadakbari on September 02, 2017, 12:05:28 PM

Quote from: winnerhor on September 02, 2017, 11:57:01 AM

I think because China's Internet Finance Association has issued a warning to its members on ICO . So with this bad news , price should be go down .

Not related to this. Even if it happens, I don't think it affects bitcoin or altcoins prices. Price falling was just a correction after bitcoin price rise and now it's over.

so may you look down upon the Chinese goverment and the effect of Chinese market, one website with government background published a news that ICO suspected illegal fund-raising, it made great influence on the market, many ico projects were stopped and there even been a saying that new coins will not allowed to list on the exchange, so both the exchange, ico team and normal user were very careful now, they converted the cryptocurrency to the fiat ro reduce the risk, then the market dumped

i think you get the point, China has the most minners and trading volume, also the government is so powerful that it only need show its attitude towards the cryptocurrency, then the market will do reaction, especially an important meeting will hold in Octomber

Actually in this year, China not are big man on Asia market or the world. Because this year, we have new member is Koren and this market really make us surprise with high volume everyday, even on top No.01 from earlier this year until today.

ZepaniZeppos

full member

Activity: 140

Merit: 100

Not for SYS, SYS is going for it's second pump today. Currently it's in an uptrend. So get in while you still can.

gunhell16

hero member

Activity: 1666

Merit: 453

those dumps are natural anddhappening most of the time..
i cant accept the fact that eth and some are affected by BTTC price dump..
and i just read the news bout the line crossing the ocean are cut or damage (internet line) and if this is correct i think it affect the crypto because those coins are internet base currency

arpon11

sr. member

Activity: 882

Merit: 282

The people driving bitcoin are not the holders but the traders. Bitcoin, ethereum, dash, and wave has been making upward price movement since the beginning of last month until bitcoin reach the pick of $4951 and from there the traders who has been driving the price has to take profit which always put the price in the correction mode.

tleilaxu_eyes

full member

Activity: 145

Merit: 100

Why are prices going down today? Because it's not a day where prices are going up (that was yesterday).

krazy89

full member

Activity: 266

Merit: 101

Just buy all the dips and get rich . its easy man Grin

KluFf

full member

Activity: 336

Merit: 100

Alfa-Enzo: Introducing the First Global Smartmarke

Ethereum is always going down and up.
you cant say it .
atleast we are still secure because it don't go crash
and just staying stable . maybe tomorrow Eth will go up again.

yillusion

full member

Activity: 280

Merit: 122

Quote from: Morphling on September 02, 2017, 08:23:39 PM

Quote from: ahmadakbari on September 02, 2017, 12:05:28 PM

Quote from: winnerhor on September 02, 2017, 11:57:01 AM

I think because China's Internet Finance Association has issued a warning to its members on ICO . So with this bad news , price should be go down .

Not related to this. Even if it happens, I don't think it affects bitcoin or altcoins prices. Price falling was just a correction after bitcoin price rise and now it's over.

so may you look down upon the Chinese goverment and the effect of Chinese market, one website with government background published a news that ICO suspected illegal fund-raising, it made great influence on the market, many ico projects were stopped and there even been a saying that new coins will not allowed to list on the exchange, so both the exchange, ico team and normal user were very careful now, they converted the cryptocurrency to the fiat ro reduce the risk, then the market dumped

i think you get the point, China has the most minners and trading volume, also the government is so powerful that it only need show its attitude towards the cryptocurrency, then the market will do reaction, especially an important meeting will hold in Octomber

Morphling

full member

Activity: 308

Merit: 134

Quote from: ahmadakbari on September 02, 2017, 12:05:28 PM

Quote from: winnerhor on September 02, 2017, 11:57:01 AM

I think because China's Internet Finance Association has issued a warning to its members on ICO . So with this bad news , price should be go down .

Not related to this. Even if it happens, I don't think it affects bitcoin or altcoins prices. Price falling was just a correction after bitcoin price rise and now it's over.

so may you look down upon the Chinese goverment and the effect of Chinese market, one website with government background published a news that ICO suspected illegal fund-raising, it made great influence on the market, many ico projects were stopped and there even been a saying that new coins will not allowed to list on the exchange, so both the exchange, ico team and normal user were very careful now, they converted the cryptocurrency to the fiat ro reduce the risk, then the market dumped

marilyngroom

sr. member

Activity: 344

Merit: 250

Quote from: winnerhor on September 02, 2017, 11:57:01 AM

I think because China's Internet Finance Association has issued a warning to its members on ICO . So with this bad news , price should be go down .

Wasn't that last week that China issued a warning. I'm sure there was a warning and Bitcoin still shot up.

RussaX

member

Activity: 80

Merit: 11

It's can't go up forever. Some people decide to sell or trade and when enough people start doing it you have snowball effect. this one seems healthy correction. Don't invest if you think that price will only rise because it won't.

ilovefeetsmell

hero member

Activity: 686

Merit: 510

Quote from: mohucool on September 02, 2017, 11:24:53 AM

Why bitcoin, litecoin,dash, ethereum price going down today?

When the bitcoin price goes up then altcoin price will goes down immediately. Altcoin price will recover when the bitcoin price will goes down. The price will go down because of low of demand in the market. Altcoin's demand in previous weeks are so the price was affected of this changes.

Croin

sr. member

Activity: 490

Merit: 250

For every market there is a simple formula you can follow and you will be able to predict the price movement way better than all the Twitter "people" with the funny charts or analysts.

Tendency = Psychology x Money

Short and simple and works everytime. You have just to figure out:
1. Psychology is for bull or bear ?
2. Is there enough money coming in ?

blockchainmarketus

full member

Activity: 448

Merit: 100

Quote from: mohucool on September 02, 2017, 11:24:53 AM

Why bitcoin, litecoin,dash, ethereum price going down today?

Buy the coins as many as you can. YOu will earn big profit when the coins pumped. That's natural movement in price of altcoins and BTC. dumped and pumped. That;s the way traders make profit. If the price remain stable, i know most traders will not make a lot of profit. That situation isn't an indication that BTC and Altcoins will be worthless. it is common situation. Even BTC suffered the lowest price before august 1 . It dumps to 1900 from 2500. But all traders believe that the price will recover soon.

CrowdFunder

sr. member

Activity: 364

Merit: 250

I am always wondering why people always need reasons for drops, as if a correction of BTC needs a reason.
As I said somewhere else, nothing can go up only, all the times !

Gennosuke

newbie

Activity: 17

Merit: 0

You should get used to it

. This will happen a lot in the future.

Nibeloss

full member

Activity: 336

Merit: 100

This is normal, in fact lowering altcoins is normal. But, in bitcoin, this is a wave of correction for the price of bitcoins. There will never be a constant rise or fall.

3efdvfsd3rh

newbie

Activity: 15

Merit: 0

There has been an unstable amount of growth in the last couple of days so the correction seems to be pretty normal. The long term growth should be looking positive though. Try not to freak out from this short term loss.

Taki

hero member

Activity: 1078

Merit: 514

All this coins depends on Bitcoin's price. Bitcoin gone down and took all of them together with itself. All this coins, reached it's maximum together with Bitcoin, which reached 5000$ point this night. They fell and keep falling only cause of people sell their founds on such highs. I also sold some of my founds this morning Grin

k1mera

full member

Activity: 266

Merit: 140

k1mera

Quote from: Proceed on September 02, 2017, 01:32:36 PM

Traders probably had orders for sales in the area of $ 5,000. After the orders for sales have worked, traders-robots began to sell.
As a result, the price dropped.

I agree with you. 5.000$ was probably a sell target for a lot of traders.
Just hold and in some days we will see green everywhere

Topic: Why price going down today? (Read 2183 times)