Why the price is going down despite opening the Bitcoins future trading ?

ModGirl

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Quote from: Nerman on December 20, 2017, 02:04:54 AM

Quote from: player514 on December 19, 2017, 06:33:04 PM

Quote from: fiulpro on December 19, 2017, 08:45:29 AM

There is one thing that am unsure of.

We all know that CME was gonna invest in bitcoins and thus it was gonna get in the market by 18 December.

Well it has already started trading also according to sources 51 billion dollars are going to be used up in all of this process.

But why the price is falling since yesterday ?

Yes.. I am fully aware of the fact that..none of the business trading is gonna take place in... Real bitcoins instead they are gonna use the money and dollars ..

Still its gonna affect the Bitcoins prices indirectly.

Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.

It's simple. It's just a usual correction due to the strong rise we've been seeing this past month. Bitcoin (if you look into the past few months) has been following a pretty cyclical pattern. There's a strong rise and then we see a small fraction of that rise as a drop amount during a correction period. Don't worry. As we get more news about the future of Bitcoin and Blockchain's use in upcoming technologies, we'll see the rise back and the cycle continue.

This is correct, to be honest many traders are actually expecting a correction because of the price right now is really inflated. Also there is a recent catalyst in this price drop as the founder of bitcoin.com sold all his bitcoin because of the risk as he said. We may expect the price to go down further before another big rise.

Another reason can be because the traffic overflow which resulted in the crash of one exchange and the panic in the market started. Due to that panic a lot of common people and investors have taken their money out of this crypto currency and invested them in other crypto currencies. Now the algorithm says that the price of bitcoin will rise if the demand is increased, and here we can see that a bit of users have taken out their money.

stompix

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Blackjack.fun

Quote from: fiulpro on December 19, 2017, 08:45:29 AM

Still its gonna affect the Bitcoins prices indirectly.

Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.

1. Give a reason why it should..

2. What co-founder you're talking about? Roger? He is not a founder, and that term can';t be applied to bitcoin no matter how you try.
Not only that, but do you have a real proof he has sold all his bitcoins?

Rhaizan

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Activity: 518

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Quote from: Pleione527 on December 20, 2017, 02:44:32 AM

Bitcoin is dropping because that is its nature and it has nothing to do with the opening of trading site, bitcoin will always fluctuates there are times it will pump and will drop but that's normal and nothing to get worried about besides in every drop of bitcoin a new highest record in price was declare so better invest if we can and hold and wait till the price pump again.

I agree ,bitcoin drop and its part of its nature, i don't think it's a bad news for us i didn't see any wrong, because for me this is the right time to buy bitcoin while the price are going down .

Acquaint Project

newbie

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Future Trading doesn't always mean a price increase, especially in commodities,
depending on how you view Bitcoin obviously.

Because the market is still pretty small right now, manipulation is very easy,
either in publications or trade positions etc and there's people that will always take
advantage of that i.e Roger Ver and crew. It's paramount to study Bitcoin and
understand it's a relatively new technology and it's always going to be bullish in the
long term, however all sorts of things can happen in the short term.

Gabz999

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Activity: 266

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Quote from: Murloc on December 19, 2017, 09:01:24 AM

I am not a pro trader but it seems like a common correction. Usually al the last time if something happens we can see like 1-2k changes per day. The price is goin down pretty slow fo it seems for me like a normal correction. Most of the altcoins are green so people might just buying alts now after the pump.

I agree with you! after reaching its ATH price, I think its normal for the price to drop to make a correction for it. I my self also thinks why it's not moving straight upward, I dont see any of the cause for it to drop down but after realizing that every ATH seems to have their correction.

In the case of co-founder that he sell his bitcoins and changing his mind to go to Bitcoin Cash, we don't know how he thinks but who know? maybe he has plan in the future in bitcoin cash.

AVAMONEY

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Co-founder has sold all his Btc for BCH, a bit much this is very spur current prices.
Many people who cynical founders are indeed supporters of Bitcoin Cash from the beginning, so this becomes FUD. But it does get big, the price drops very sharply, plus Network becomes very busy, many transactions are stuck in 1 this week.
What exactly happened before and last?

Pleione527

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Activity: 266

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Bitcoin is dropping because that is its nature and it has nothing to do with the opening of trading site, bitcoin will always fluctuates there are times it will pump and will drop but that's normal and nothing to get worried about besides in every drop of bitcoin a new highest record in price was declare so better invest if we can and hold and wait till the price pump again.

Sahyadri

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Activity: 744

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Bitcoin was stable around $18500 for quite a few days now but suddenly there is a drop in it's price. The owner of the famous bitcoin website decides to switch to Bitcoin cash at the same time Coinbase decides to support Bitcoin Cash. Doesn't this ring a bell in your mind ? There is definitely something fishy about this whole scene and from my experience I can say that it is a planned pump which is going to dump soon.
A similar pump and dump happened a few weeks back when BCH spiked up all of a sudden and then dumped with many bag holders crying.
This might be a similar thing. It would be better to stay away.

Bezobraznike

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Activity: 1274

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★Bitvest.io★ Play Plinko or Invest!

Quote from: jseverson on December 20, 2017, 01:57:47 AM

Quote from: fiulpro on December 19, 2017, 08:45:29 AM

There is one thing that am unsure of.

We all know that CME was gonna invest in bitcoins and thus it was gonna get in the market by 18 December.

Well it has already started trading also according to sources 51 billion dollars are going to be used up in all of this process.

But why the price is falling since yesterday ?

Yes.. I am fully aware of the fact that..none of the business trading is gonna take place in... Real bitcoins instead they are gonna use the money and dollars ..

Still its gonna affect the Bitcoins prices indirectly.

Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.

Let's clarify this. Co-founder of Bitcoin.com. Not Bitcoin. Satoshi is the only one who founded Bitcoin. The other guy is a Bitcoin Cash shill. I must also note that Roger Ver, the owner of the same site is still holding his Bitcoins.

The drop probably has more to do with the co-founder noise rather than Bitcoin futures. I mean look at this forum. People seem convinced that Bitcoin had a co-founder and that he gave up on Bitcoin. Read up guys.

   Jseverson people here should read more, much more then they read
now. Some people here do not have basic knowledge about Bitcoins.
   People do not know that market is not behave in the way they wish it,
there are many reasons why price is moving so much.
   Many people here is still not aware of that war between Core and Cash,
I can not say that I understand everything but in what I saw some of Core
supporters have better arguments than Rodger Ver and other Cash supporters.
   I saw that BitPay will list BitcoinCash or BitCash, decide how do you wish to
call it. Even they are arguing for some time looks like both coins are going up
and gaining more popularity, is there enough space in this world for both?

Nerman

full member

Activity: 364

Merit: 107

Quote from: player514 on December 19, 2017, 06:33:04 PM

Quote from: fiulpro on December 19, 2017, 08:45:29 AM

There is one thing that am unsure of.

We all know that CME was gonna invest in bitcoins and thus it was gonna get in the market by 18 December.

Well it has already started trading also according to sources 51 billion dollars are going to be used up in all of this process.

But why the price is falling since yesterday ?

Yes.. I am fully aware of the fact that..none of the business trading is gonna take place in... Real bitcoins instead they are gonna use the money and dollars ..

Still its gonna affect the Bitcoins prices indirectly.

Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.

It's simple. It's just a usual correction due to the strong rise we've been seeing this past month. Bitcoin (if you look into the past few months) has been following a pretty cyclical pattern. There's a strong rise and then we see a small fraction of that rise as a drop amount during a correction period. Don't worry. As we get more news about the future of Bitcoin and Blockchain's use in upcoming technologies, we'll see the rise back and the cycle continue.

This is correct, to be honest many traders are actually expecting a correction because of the price right now is really inflated. Also there is a recent catalyst in this price drop as the founder of bitcoin.com sold all his bitcoin because of the risk as he said. We may expect the price to go down further before another big rise.

jseverson

hero member

Activity: 1834

Merit: 759

Quote from: fiulpro on December 19, 2017, 08:45:29 AM

There is one thing that am unsure of.

We all know that CME was gonna invest in bitcoins and thus it was gonna get in the market by 18 December.

Well it has already started trading also according to sources 51 billion dollars are going to be used up in all of this process.

But why the price is falling since yesterday ?

Yes.. I am fully aware of the fact that..none of the business trading is gonna take place in... Real bitcoins instead they are gonna use the money and dollars ..

Still its gonna affect the Bitcoins prices indirectly.

Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.

Let's clarify this. Co-founder of Bitcoin.com. Not Bitcoin. Satoshi is the only one who founded Bitcoin. The other guy is a Bitcoin Cash shill. I must also note that Roger Ver, the owner of the same site is still holding his Bitcoins.

The drop probably has more to do with the co-founder noise rather than Bitcoin futures. I mean look at this forum. People seem convinced that Bitcoin had a co-founder and that he gave up on Bitcoin. Read up guys.

Nanot

member

Activity: 266

Merit: 10

Quote from: fiulpro on December 19, 2017, 08:45:29 AM

There is one thing that am unsure of.

We all know that CME was gonna invest in bitcoins and thus it was gonna get in the market by 18 December.

Well it has already started trading also according to sources 51 billion dollars are going to be used up in all of this process.

But why the price is falling since yesterday ?

Yes.. I am fully aware of the fact that..none of the business trading is gonna take place in... Real bitcoins instead they are gonna use the money and dollars ..

Still its gonna affect the Bitcoins prices indirectly.

Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.

The reason why price of bitcoin was being falls down because other country has banned bitcoin and too many country has affraid about bitcoin. So that many investors had a doubt to invest thier money here in bitcoin .they also consider bitcoin as an illigal thing so that it can decrese uts price. But i believed that bitcoin price was back and increase not now but next day or the other day

player514

legendary

Activity: 1414

Merit: 1039

Quote from: fiulpro on December 19, 2017, 08:45:29 AM

There is one thing that am unsure of.

We all know that CME was gonna invest in bitcoins and thus it was gonna get in the market by 18 December.

Well it has already started trading also according to sources 51 billion dollars are going to be used up in all of this process.

But why the price is falling since yesterday ?

Yes.. I am fully aware of the fact that..none of the business trading is gonna take place in... Real bitcoins instead they are gonna use the money and dollars ..

Still its gonna affect the Bitcoins prices indirectly.

Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.

It's simple. It's just a usual correction due to the strong rise we've been seeing this past month. Bitcoin (if you look into the past few months) has been following a pretty cyclical pattern. There's a strong rise and then we see a small fraction of that rise as a drop amount during a correction period. Don't worry. As we get more news about the future of Bitcoin and Blockchain's use in upcoming technologies, we'll see the rise back and the cycle continue.

farhaan

sr. member

Activity: 392

Merit: 250

It has already been said that bitcoin futures would not have any direct impact on bitcoin's price.So,this is a normal action which always exist in bitcoin,price increase and decrease.Fall in bitcoin price has no connection with bitcoin.com's co-founder selling his bitcoins.He is just a friend of the great bitcoin anti christ roger ver.These guys have no interest in bitcoin and their only aim is to pump BCH and replace bitcoin with it.But that would only remain a dream.

Indrawan77

hero member

Activity: 1274

Merit: 516

This is the common reaction of correction, we have see the price going up in a strange phenomenal, everyone is buying and buying, there will be a time people sell the coin for profit so it is down, and due to the some issue about bitcoin banning, and some investors sell the coin to make profit in alt coins, but everything will be back, and I am excited about bitcoin future, I waiting to see what can bitcoin future do for us

Hydrogen

legendary

Activity: 2562

Merit: 1441

It is possible future trading is partially a cause of bitcoin's latest decline. I'll give you a scenario on how this might work. Imagine someone owns 2,000 bitcoin. Its guaranteed the value of bitcoin will decline if they dump their HODL.

The advent of crypto futures could allow them to profit further off their dump with leveraged short selling(short selling is betting the price of something will decline to profit off of decreases in value btw)

The way this would work in practice is, the holder of 2,000 btc would create a short order on a crypto futures exchange with maximum leverage. Then they would dump all their btc holdings causing the value of btc to decline. This would guarantee their leveraged short play would hit giving them added profits on top of whatever they gained via HODL.

It may not be a coincidence that bitcoin dropped not long after futures went into effect, although we've have to wait awhile to see whether what I'm saying is confirmed it seems too obvious a method of exploiting the system for someone to not take advantage of it.

Murloc

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I am not a pro trader but it seems like a common correction. Usually al the last time if something happens we can see like 1-2k changes per day. The price is goin down pretty slow fo it seems for me like a normal correction. Most of the altcoins are green so people might just buying alts now after the pump.

fiulpro

hero member

Activity: 1890

Merit: 831

There is one thing that am unsure of.

We all know that CME was gonna invest in bitcoins and thus it was gonna get in the market by 18 December.

Well it has already started trading also according to sources 51 billion dollars are going to be used up in all of this process.

But why the price is falling since yesterday ?

Yes.. I am fully aware of the fact that..none of the business trading is gonna take place in... Real bitcoins instead they are gonna use the money and dollars ..

Still its gonna affect the Bitcoins prices indirectly.

Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.

Topic: Why the price is going down despite opening the Bitcoins future trading ? (Read 167 times)