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Topic: Why the price of bitcoin rapidly going down - page 52. (Read 5923 times)

newbie
Activity: 79
Merit: 0
Yes, the bitcoin value is temporary, while the time may change, the decline is due to investors monitoring the warnings from some regulators and increasing crackdowns on the virtual currency market in China. "The decline is due to the lack of buyers in Asia," said Mati Greenspan, senior analyst at eToro.
newbie
Activity: 112
Merit: 0
Bitcoin's price is probably low, but it will not always be that way. We all know that at the beginning of this year the price was much lower in the market, but the value of the note is far better than that time. The only reason for this is that its value remains unstable and it is temporary And see that the price will soon be as it was before and could be even more.  Roll Eyes  Roll Eyes
newbie
Activity: 154
Merit: 0
Many of us may have seen before that the value of Bitcoin has always been destabilizing. But it is definitely temporary. Its price will soon be skyscraper again.And will bring us happiness.  Smiley Smiley Smiley
sr. member
Activity: 868
Merit: 266
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

I agree. I can't wait for LN to be fully deployed. I think that's when bitcoin will really take off.
Lightning is only supposed to make people have faster and cheaper transactions and I don’t think it’s going to be a major boost for Bitcoins at all since the thing that causes price drops is FUD and people selling their bitcoins as a result of that.
member
Activity: 378
Merit: 25
volatility plays a major role why bitcoin is behaving these past few days, even though the price today is at its low, this is just temporary, its just a matter of days or even hours bitcoin will go up again, the law of supplies and demand also can be consider, if the price is low, maybe because there are plenty of unused or idle supplies of bitcoin in the market. these low trend can be an opportunity to buy more bitcoin and so high trend follows.
legendary
Activity: 2044
Merit: 1115
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The price rises and falls rapidly because Bitcoin is essentially not used for anything except speculation. If it had a general baseline utility, it would be much more stable, but everyone is just chasing gains and hoping to get rich by trading it. That's not to say it can't be useful for certain applications or that nobody uses it for commerce or trade, but they're so far in the minority that those cases are rather insignificant in terms of what is determining the price at any given moment. Far more impactful are the momentum traders and speculators who pile in and out trying to make more money.
jr. member
Activity: 118
Merit: 1
Currently, the general coin offer allows Bitcoin startup to gain access through digital tokens.
In addition to Bitcoin, the decline in prices also occurred in Ethereum, the second big digital currency by market capitalization. The virtual currency is down by less than 2%.
Moreover, it has been increasing about cryptocurrency and the ICO market, including those who currently have substantially less investor protection than traditional securities markets. Matters associated with greater opportunities to manipulate and manipulate.
newbie
Activity: 140
Merit: 0
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

I agree. I can't wait for LN to be fully deployed. I think that's when bitcoin will really take off.
sr. member
Activity: 658
Merit: 250
it doesnt make sense to expect it to raise everyday. when it goes down it is a good opportunity to buy. when it goes more down it is a better opportunity to buy more.
Price is unpredictable due to the volume of the current investors. Anytime price may increase and it is all depend upon the feedback of the bitcoin in the feild. If it faces some negative issue it will sometimes down, we don't have to be afraid of this bitcoin price status of going down, because it is almost repeatetive.
full member
Activity: 588
Merit: 104
it doesnt make sense to expect it to raise everyday. when it goes down it is a good opportunity to buy. when it goes more down it is a better opportunity to buy more.
full member
Activity: 644
Merit: 113
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

There are lot of factors, it might be the demand decreases or there were attempt of manipulation. Whales tkes large rolw on this, tgey might be the one who actually make the price go drop and pump. Mainstream news also affects the price, if the fud spread so easily this makes people react. Negatively and eventually dump their coin.
newbie
Activity: 314
Merit: 0
The more people who sell, and less buyers then the Price will decrease quickly. Therefore if the price of Bitcoin is down, we do not have to panic, keep your coins and believe that prices will rise again.
full member
Activity: 224
Merit: 100
Maybe because most all are selling their bitcoins. Many are selling that causes value to go down. But bitcoin volatility is just normal, when prices go down then it is good to buy coins and new investor will come to invest in.
newbie
Activity: 56
Merit: 0
 Bitcoin prices are going down fast because there are so many rumors about recent Bitcoin being heard. France and South Korea banned Bitcoin As a result, other countries are afraid of bitcoin. As a result, Bitcoin prices are much lower in the current market. Which is $ 8K below. Which is a bit disappointing for Bitcoin users.
member
Activity: 350
Merit: 10
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

I believe it will be temporary since Bitcoin already has established its reputation on the top of cryptocurrencies. People will always take Bitcoin as their top priority as digital currency to be used online transactions aside from eth.
jr. member
Activity: 798
Merit: 2
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I looks up to prominent investors from Wall Street and as far as I know some of them consider that gold should be dropped before a new strong and solid trend. It sounds logically and I agree with them. Bitcoin has dropped and now bitcoin is in consolidation so it is very probably that in a new wave will be a positive growth.
newbie
Activity: 728
Merit: 0
Currently bears look weak and it seems that they are going to retire so it is a good time to but coins. I have already bought ETH and I do not explain everybody why ETH but I made an investigation and I have reasons and caveats for myself. I think also a good choice is any coin from top 10.
member
Activity: 195
Merit: 10
There is a lot of stuff happening behind the scenes at the moment, but to be honest, i do not think that it will continue going down during the next few days. We are preparing for a bullish trend.
sr. member
Activity: 574
Merit: 256
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
Much of the things are going down and rising bitcoin prices, this is a risk where the market is so dominated by speculation. Lighting Network is only part of some good news for bitcoin, but until now we have not gotten the latest about lighting networks. However, the lighting network only affects the bitcoin price temporarily, after that the volatility of bitcoin price will continue to exist.
The price of Bitcoin few days ago was stable and the price was moving around the 9k dollar. Sometimes the price became 9.8k dollar and come back with 8.9k dollar and up to 9.3k dollar mostly. The Bitcoin today is equivalent to 8.3k dollar and this is due to the low demand of Bitcoin but the market recovers after a few falls and this is what we have seen many times.
full member
Activity: 602
Merit: 100
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
Some news by some major countries to ban Bitcoin was the major reason of rapid down fall of bitcoin, after that Google, Facebook also want to ban ICO, that was other reason of this down fall.

But these was just news…it was temporary down fall, now bitcoin again moving to upwards.
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