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Topic: Why the price of bitcoin rapidly going down - page 55. (Read 5942 times)

member
Activity: 181
Merit: 10
I think the rise in the business world is a natural thing, as well as the bitcoin that goes down. Bitcoin dropped dramatically this is due to rumors outside, he said many countries prohibit the trading of virtual currency so that people's trust to invest decreases and bitcoin prices decline.
full member
Activity: 406
Merit: 100
Yes,i agree with you.
I think this is temporary.
There is a rise there must be down, once we know the end of 2017 is the peak of the rise btc so we must be prepared to face the price decline in early 2018.
I am sure once the outstanding negative issues are over and we are able to answer the issue, bitcoin prices will go up.
jr. member
Activity: 210
Merit: 1
Yes I agree that bitcoin rapidly going down due to banning of some social medias.Advertising is the most important in terms of encouraging investors all around the world but sadly due to banning and restrictions of spreading ads the value of each currency was affected because lots of investors are in doubt already to invest in some ICO project because for them those project may not succeed because of lack of advertisement.
newbie
Activity: 182
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 think it is just the characteristics of bitcoin. If it goes down, it just mean there are lots of supply in the market. Its demand maybe affected by news and other issues.
hero member
Activity: 1036
Merit: 514
The fact is bitcoin price goes up if there is some good news regarding bitcoin acceptance and development (in this case scale solution, i.e. LN).
Bitcoin spike since the end of 2017 (maybe November) and corrected on January 2018. Current price probably a fair price for bitcoin according to the two factor, acceptance and development. If LN can work so well, bitcoin may hold a new fair position above $10,000. But for now, $8-9K will be enough.
member
Activity: 276
Merit: 11
The bitcoin price drops rapidly, rising rapidly. Lots of bad news about bitcoin that causes decrease, so demand decreases. The bad news is gone, the demand is a lot, and the bitcoin price goes up again. Yesterday bitcoin went down but after the G20 statement bitcoin bounced back. And public confidence increased after the statement.
hero member
Activity: 840
Merit: 508
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There was some negative hysteria again. Bitcoin and other cryptocurrencies are highly susceptible to crashes preceded by negative media.

Because the total market cap of cryptocurrencies is so low, the market can have a disproportionately large effect, whereas the same news wouldn't dent traditional currency.
sr. member
Activity: 952
Merit: 250
BTC Price is having a hard time of going up,  as huge millionaires are placing sell position to bring bitcoin down.
As the result,  people are disappointed and selling their bitcoins even at loss.
The key to survive to this hard moment is hold your bitcoins. Do not open your blockfolio and enjoy your life with your family.
hero member
Activity: 952
Merit: 500
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
My observation why bitcoin was going down because of the negative feedback by other people and lastly the investors that dump their coins.

Maybe because of the current news about the big exchange which is binance. This is just another short term dump and don't expect bitcoin to bounce back instantly because of the news about G20 summit, it will take time before we finally see bitcoin at $12k level again.
Just saw that news, media putting too much effort now to broadcast every happenings in crypto seems too popular now, i wonder until when they will manage to do it. It always make the market in shocked.
The recent fall in bitcoin price is mainly due to the news that binance exchange is ordered by Japan's watchdog FSA to close its operations in Japan.Also the G20 summit which was expected to rule in favour of cryptos has been postponed to July.That was like emptying the fuel of a rocket which was marching towards the sky.Since no other negative factors seem to exist for now,we could expect bitcoin price to recover soon.
hero member
Activity: 626
Merit: 500
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
My observation why bitcoin was going down because of the negative feedback by other people and lastly the investors that dump their coins.

Maybe because of the current news about the big exchange which is binance. This is just another short term dump and don't expect bitcoin to bounce back instantly because of the news about G20 summit, it will take time before we finally see bitcoin at $12k level again.
Just saw that news, media putting too much effort now to broadcast every happenings in crypto seems too popular now, i wonder until when they will manage to do it. It always make the market in shocked.
sr. member
Activity: 2044
Merit: 314
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The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
My observation why bitcoin was going down because of the negative feedback by other people and lastly the investors that dump their coins.

Maybe because of the current news about the big exchange which is binance. This is just another short term dump and don't expect bitcoin to bounce back instantly because of the news about G20 summit, it will take time before we finally see bitcoin at $12k level again.
BR0
copper member
Activity: 81
Merit: 13
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The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
Yes we know if the decline in bitcoin prices during this time only temporary and will soaring again in the future, but this time the price continues to decline and I think the prohibition of advertising crypto also greatly affect the fall of the price of bitcoin now.
hero member
Activity: 2828
Merit: 518
The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
You're right dude, this is temporarily happen and most probably it wont take so long to stay at it's dip. These is just the outcomes from FUDs and banning scenarios in some countries that make people worried to much of losing their money and they just sell their coins in cheap. 
newbie
Activity: 104
Merit: 0
it is a natural thing for BTC, there are ups and downs, but you do not have to worry about btc price down, because btc will also recover quickly.
member
Activity: 378
Merit: 10
Its just a temporary, although bitcoin price goes down many users are still invest with bitcoin and they think that this is the right time to invest or buy bitcoin. It would be back or rise again bitcoin value is so volatile and mystery.
newbie
Activity: 106
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
[/quote

I know that bitcoin wil  continue to decrease its price and i believed that bitcoin will be recover soon.This is not new to bitcoin already.Bitcoin sometimes fall and  then it rise up again.
newbie
Activity: 132
Merit: 0
- Suspicion from perturbed information by bans / endorsements from many countries around the world.
- facebook, google, Mtgox - >>> G20
- investor psychology
member
Activity: 210
Merit: 11
normal things like this about the price of bitcoin now because the price of bitcoin is not always high sometimes also needs to decrease because it also minimizes the investors so maybe it crashes for me almost 2 years that I bitcoin almost every event That's why it's going to be okay for me that's normal because of the fact that the price of bitcoin is too high so dont panic everything is under control.
member
Activity: 138
Merit: 11
I think this is because of the FUD's going around the internet. Bitcoin made a huge entrance ain people's lives especially to those who have not been engaged with it in the past few years. Since bitcoin had a fast entance, it is not impossible to make it fall fast with just simple negative speculations about it. Many people are gettimg scared because of those FUD so the demand is getting lower
full member
Activity: 244
Merit: 101
I think there are many factors that affects the price of bitcoin. We have witnessed bitcoin's all time high which is 20000$, and probably many people were shocked and thought that they should sell now or it will go down. Many sold their bitcoins and it really affected the demand and then the price. Since the price is slowly falling, many users are panic selling. And it is all just chain reactions from panic sellers. That's what I think.
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