Topic: Why the price of bitcoin rapidly going down??? - page 7. (Read 938 times)
For the moment, the biggest reason for this is that people wait for the G20. We can say that the price does not even change. I hope that we get positive news about the cryptos and we are all comfortable. Since the beginning of 2018, cryptocurrencies have only been going on deep.
I think the bitcoin price reduction is not due to altcoin but because of the many negative news about cryptocurrency, among others the prohibition of cryptocurrency ads on facebook and google and banning anonymous account bitcoin in south korea and united states. that's news I know
Is it because of the large number of altcoins?
Nope it is because of the large number of investors or the early users selling their bitcoin ,So they are the one who is dumping the market from what I have read it is from the Mt.Gox they are dumping their bitcoin.
Mt. Gox issues also makes some investors to get their token off earlier and they are competing to sell their tokens that helps market going down.
This is not a strange thing for virtual currencies like bitcoin, because nowadays there is a lot of bad news that hit bitcoin, thus causing the price to decline rapidly.
Government bans on bitcoin trade in every country, especially in asia, make bitcoin prices and a bunch of other virtual currencies plummeted dramatically.
Thus causing users and investors to panic with the events that currently occur.
In addition, today many competitors such as altcoin are in great demand and make bitcoin users begin to switch to ethereum or ripple and this will obviously make bitcoin prices decline rapidly.
Government bans on bitcoin trade in every country, especially in asia, make bitcoin prices and a bunch of other virtual currencies plummeted dramatically.
Thus causing users and investors to panic with the events that currently occur.
In addition, today many competitors such as altcoin are in great demand and make bitcoin users begin to switch to ethereum or ripple and this will obviously make bitcoin prices decline rapidly.
Is it because of the large number of altcoins?
Nope it is because of the large number of investors or the early users selling their bitcoin ,So they are the one who is dumping the market from what I have read it is from the Mt.Gox they are dumping their bitcoin.
Mt. Gox issues also makes some investors to get their token off earlier and they are competing to sell their tokens that helps market going down.
Is it because of the large number of altcoins?
No, although there's always a new type of altcoin, it does not affect the fall of the bitcoin price. but lately bitcoin prices continue to decline because of certain issues that greatly affect investor interest hesitate to invest in bitcoin.
Is it because of the large number of altcoins?
Nope it is because of the large number of investors or the early users selling their bitcoin ,So they are the one who is dumping the market from what I have read it is from the Mt.Gox they are dumping their bitcoin.
The bitcoin is steady for last 24 hours now and showing good progress but that does mean that it will go on the same road. Recently, bitcoin has been falling due various reasons like G20 summit, Mt. Gox selling and few small news had made the price to fall. But now most of things seem to solved and we can hope that bitcoin remains constant and grows in the coming days.
Is it because of the large number of altcoins?
No, although there's always a new type of altcoin, it does not affect the fall of the bitcoin price. but lately bitcoin prices continue to decline because of certain issues that greatly affect investor interest hesitate to invest in bitcoin. Bitcoin price rapidly going down because of this spreading fake news that bitcoin will be banned all over the world, so the investors and other bitcoin user sells their bitcoin in a low price.
This is absolutely the reason's why price of bitcoin rapidly going down. Spreading of fuds and this fake news concerning about banned of this coins that affect the new adopters of bitcoin and who truly invest. Best is not to be affected our bitcoin just hold until price will become high.
Bitcoin price rapidly going down because of this spreading fake news that bitcoin will be banned all over the world, so the investors and other bitcoin user sells their bitcoin in a low price.
Is it because of the large number of altcoins?
I think not, the price of Bitcoin has decreased the first in because by the issue of news issues that are warm like Google's Ban ICO ads and the second because follow the market when the market dropped the person directly sell Bitcoin for various reasons...
many investors found themselves in a difficult situation due to the risk of losing the ability to withdraw cryptocurrency in Fiat currency due to negative reviews and news about USDT.
New platforms are actively developing, new digital assets can already exist without the participation of Bitcoin.
New platforms are actively developing, new digital assets can already exist without the participation of Bitcoin.
Is it because of the large number of altcoins?
not just because of altcoin alone, some factors also cause bitcoin prices to fall. among the latest is there is news from facebook, twitter and google memblock all ads about crypto. and everyone's negative perceptions of bitcoin also affect the bitcoin price.Is it because of the large number of altcoins?
No, the bitcoin rate is rapidly sinking not because of the large number of altcoins. Very little crypto currency can compete with bitcoin. Yes, now there is a huge number of new projects, but most of them disappear, not even having time to prove themselves. The price of bitcoin falls due to negative news about the crypto-currency world. The ban of Google and Facebook, attempts to establish control, the spread of doubts in the anonymity and speed of transactions - all these factors have a bad effect on the reputation of bitcoins and deter potential investors.
when one panics sees an increasingly unstable price so much is dumped btc and makes the price even more devastated. this condition is very worrying
but there are some people who take a chance when btc down then he will buy a lot to be invested
but there are some people who take a chance when btc down then he will buy a lot to be invested
Is it because of the large number of altcoins?
No, I don't think so. I do not think altcoin has any effect on the Bitcoin price. In my opinion, Bitcoin prices have fallen sharply recently due to new information and decisions from major social networking sites. Last month, Facebook launched a ban on ads related to cryptocurrency. A few days ago, the information about google and twitter will do the same thing has appeared, Bitcoin prices have dropped dramatically at that time. This is just my opinion Is it because of the large number of altcoins?
The number of altcoins in the market is immaterial to the decrease on the prices of bitcoin. As was shown on this article: https://cointelegraph.com/news/btc-falls-below-8000-again-after-week-of-mixed-signals , it was mainly due to an individual selling large amounts of bitcoins in the market. Surprisingly, even prices of ETH and Ripple also decreased following bitcoin's turmoil.
This article: https://www.theguardian.com/technology/2018/mar/18/cryptocurrency-bitcoin-irs-tax also explained that investors in bitcoin faced hefty tax bills since the Internal Revenue Service mentioned that 'anything purchased with digital currency is taxable'. Maybe the government right now is being strict in terms of implementations of tax for regulations.
I don't think so, we all know that bitcoin always gets a dip, but for now i don't believe that bitcoin will get down again. I think why bitcoin rapidly going down is because many people will sell their bitcoin immediately because bitcoin price gets down. Also many countries and people now not supporting bitcoin so i think that is the answer in my opinion. I hope that bitcoin will get a come back again this year 2018!
Is it because of the large number of altcoins?
Bitcoin as well as other currencies on the trading floor, the prices of currencies always have a bias and fluctuations, but in that the recovery is not as fast as the decline, now in the market there are very Many coins are developing, and few people consider Bitcoin to be the only currency to cumulate.The main reason of the value of bitcoin that going down are the people behind it.Us can affect its price when some of the investor cash out their money. Being or having a low price is natural, as investor just wait for the value to be back to its original price.
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