Topic: Why the bitcoin price goes down - page 3. (Read 797 times)
Recently the Chinese and Korean markets have ordered the closure of bitcoin trading floors. Bitcoin prices have dropped. But today, the Korean government announced that foreigners are not allowed to trade bitcoin at local exchanges. and bitcoin prices have rebounded, today bitcoin prices reached $ 11,352.00.
First of all, the rise and fall of bitcoin is normal, without any reason.
Second, bitcoin has been rising too fast and unstable for a while, leading to the recent decline of bitcoin.
Then, bad news from South Korea and China sent bitcoin prices down.
Second, bitcoin has been rising too fast and unstable for a while, leading to the recent decline of bitcoin.
Then, bad news from South Korea and China sent bitcoin prices down.
After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.
Bitcoin constantly receives bad news from the world's leading bitcoin trading markets such as China, Korea. That made the value of it drop a lot because investor psychology is affected. The current value is maintained for a long time, indicating that this is the price at which community accepts bitcoin at this time. Crypto market is waiting for new signal to grow again.In my opinion bad news from the world's leading bitcoin trading markets as China, Korea etc.. isn't the only reason for bitcoin price drop, there are many reasons. don't forget that the bitcoin price was $4000 or less few months ago.
Well even if we believe that a recovery is soon to happen, it's not hard to point out that all these negative news and fuds are hurting not only bitcoin but the crypto market in general. Weak hands will easily be swayed to let go of their coins when they are fed with these kind of updates all the time.
In technical terms, after that we had a three waves Eliot way bull run, we are now experiencing an ABC Correction, as you can observe in the graph on this page:
https://www.tradingview.com/chart/BTCUSD/tx5UPSSl-BTC-One-last-correction/
We probably still have to make a dive lower before we can see price inverting trend.
https://www.tradingview.com/chart/BTCUSD/tx5UPSSl-BTC-One-last-correction/
We probably still have to make a dive lower before we can see price inverting trend.
It's because there are many bad rumors about bitcoin like news from south korea, china, that can be a trigger to make bitcoin goes down. many people got panic and sold their bitcoin on lower price. Another reason is bitcoin hard fork it can be a trigger too. And also some Whales play bitcoin price around so they can get cheap bitcoin and then they pump bitcoin to highest rate so they can sell it and get profits from it. That's what i thought. correct me if im wrong. My suggest is just HODL your bitcoin. Thanks
After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.
Bitcoin constantly receives bad news from the world's leading bitcoin trading markets such as China, Korea. That made the value of it drop a lot because investor psychology is affected. The current value is maintained for a long time, indicating that this is the price at which community accepts bitcoin at this time. Crypto market is waiting for new signal to grow again.In my opinion bad news from the world's leading bitcoin trading markets as China, Korea etc.. isn't the only reason for bitcoin price drop, there are many reasons. don't forget that the bitcoin price was $4000 or less few months ago.
It is normal such falls have already happened several times. Only the amounts were smaller. But the percentage was similar. There's nothing to worry about. This is a good time to buy BTC.
True, bitcoin prices up and down is a natural thing. Although down but the rate is still higher than the lowest price last year. Nothing to worry about, keep calm and buy some bitcoin.I agree with you as well.You have nothing to worry about bitcoin right now so far because we all know that its value is volatile is it will drop down or rise again depending on the demand and supply in the market.Youll just need grab the opportunity to invest now since the value of bitcoin falls so you be able to buy it at a cheaper price.
It is normal such falls have already happened several times. Only the amounts were smaller. But the percentage was similar. There's nothing to worry about. This is a good time to buy BTC.
True, bitcoin prices up and down is a natural thing. Although down but the rate is still higher than the lowest price last year. Nothing to worry about, keep calm and buy some bitcoin.I agree with you as well.You have nothing to worry about bitcoin right now so far because we all know that its value is volatile is it will drop down or rise again depending on the demand and supply in the market.Youll just need grab the opportunity to invest now since the value of bitcoin falls so you be able to buy it at a cheaper price.
We are all knowing that the bitcoin price is very low and it is going down day by day without stopping. We should not forget that bitcoin made a very high pic in a very short periode from 4000 to 19000 Dollars which is something hudge.
After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.
Bitcoin constantly receives bad news from the world's leading bitcoin trading markets such as China, Korea. That made the value of it drop a lot because investor psychology is affected. The current value is maintained for a long time, indicating that this is the price at which community accepts bitcoin at this time. Crypto market is waiting for new signal to grow again.After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.
Bitcoin constantly receives bad news from the world's leading bitcoin trading markets such as China, Korea. That made the value of it drop a lot because investor psychology is affected. The current value is maintained for a long time, indicating that this is the price at which community accepts bitcoin at this time. Crypto market is waiting for new signal to grow again. 
It is normal such falls have already happened several times. Only the amounts were smaller. But the percentage was similar. There's nothing to worry about. This is a good time to buy BTC.
True, bitcoin prices up and down is a natural thing. Although down but the rate is still higher than the lowest price last year. Nothing to worry about, keep calm and buy some bitcoin. Intresting thing is that the total market cap went one month back. pre christmas
It always goes up for Christmas and down again afterwards. Check the last few years.
It is normal such falls have already happened several times. Only the amounts were smaller. But the percentage was similar. There's nothing to worry about. This is a good time to buy BTC.
I can only say those big investors has a big impacts on it.
After Coinmarketcap.com decided that the Bitcoin price data in Korea was off the site, Bitcoin and other virtual currencies had fallen sharply. Bad news from China prohibits the exchange of bitcoin and cryptocurrency which also caused investors' psychological instability and sell massively causing the bitcoin and the entire crypto market to fall heavily.
in this month price of bitcoin goes down , any one know reason for BTC price down
bitcoin prices go down, as many people sell them. there are several factors that make a decrease in almost all crypto. which I know, because of some rumors about the crypto market ban in south korea. there may be other factors that are increasingly making the value slump. but at least, now we can buy bitcoin at a lower price.
Well, issues related to legality are very easy to influence the price of bitcoin. A few months ago the news from China also made bitcoin prices stunned, just as it is today, linked to South Korea. However, South Korea has announced official news, that no exchange shutdown and tax announcements, hopefully this brings a positive impact.
When bitcoin reached it high a lot of people sold there shares demand now bitcoin although it's 10k it's still expensive to buy so I think this is normal to happen what's not normal was hitting 20k in few month so people chill everybody is making money out of bitcoin
This is a very common thing, I've noticed the same situation with Altcoins and they get their price back to where it was in like a month.
When bitcoin reached it high a lot of people sold there shares demand now bitcoin although it's 10k it's still expensive to buy so I think this is normal to happen what's not normal was hitting 20k in few month so people chill everybody is making money out of bitcoin
According to Robert Schiller-Nobel Laureate in Economics, bitcoin will not have a real value until people come to a consensus on its price. After all, the same gold has its price, even if it is not considered by the public as an investment. The very likely outcome of the Critical Exchange - according to Schiller - bitcoin could collapse and everyone will forget about it. But when this happens, the expert does not know. Up to this point, it may take 100 years, he believes.
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