Topic: why the price of the bit coin is going down? (Read 359 times)
Its because it has grown huge in last 8 month from 700$ to 20k$ so I am sure this correction is happening because if something goes high it has to come down so after this correction I am sure it will start to grow again and it will do better then before.
in early 2018 this is very drastic reduction in bitcoin prices.
I had time to wonder why this could go down so drastically.
but after reading the news about bitcoin and reading on the forums I came to the conclusion that what affects the decline in bitcoin prices is the closing of advertisements on various sites and bans on bitcoins in various countries, thereby destabilizing the holders and investors of the world.
I had time to wonder why this could go down so drastically.
but after reading the news about bitcoin and reading on the forums I came to the conclusion that what affects the decline in bitcoin prices is the closing of advertisements on various sites and bans on bitcoins in various countries, thereby destabilizing the holders and investors of the world.
any one know why the price of bitcoin coin is going down day by day,, and when i purchased bitcoin last time the price was Rs 7,00,000 NRI and right now the price is Rs 3,55,000 what can i do ?
Looks like you are trading in Indian exchanges and the main reason for the price slide is because of the RBI notification that says that banks will no longer accept business from crypto currency and they have given a time line for the exchanges and that created a panic from the users and so is the reason the price is going down, there is nothing to worry, just hold on to your coins, there are other ways to trade bitcoin.Absolutely you r right but because of RBI notification the price of this coin is not much effected by this level but may be one reason is also that RBI is going to launch its own Cryptocurrency "LAXMI" so that is why they say no to bitcoin. And on the other hand the chines government is start banning the ICO project that is why the price is fluctuating so any idea how much it will take time to come up??
because we all know after te price goes and do its bull run next would be correction.. now we are wating for another bull run that will get us a new all time high
“What goes up must come down.” - Isaac Newton
I really like this quote lol. Explains the pump and dump situation pretty well to be honest. There is always ebb and flow in the financial markets and Bitcoin is no different.
I really like this quote lol. Explains the pump and dump situation pretty well to be honest. There is always ebb and flow in the financial markets and Bitcoin is no different.
haha Isaac Newton now one of them theories are applying here "what goes up it definitely come down" hahha
Many things can make bitcoin prices go down, one of them with a lot of negative news on bitcoin, it will have an impact on the decline in bitcoin prices. my advice is better you be more patient, keep your bitcoin, wait for the next few months bitcoin, surely will rise to higher price.
any one know why the price of bitcoin coin is going down day by day,, and when i purchased bitcoin last time the price was Rs 7,00,000 NRI and right now the price is Rs 3,55,000 what can i do ?
Looks like you are trading in Indian exchanges and the main reason for the price slide is because of the RBI notification that says that banks will no longer accept business from crypto currency and they have given a time line for the exchanges and that created a panic from the users and so is the reason the price is going down, there is nothing to worry, just hold on to your coins, there are other ways to trade bitcoin. 
Bitcoin price is falling down because there are many people getting panic with the market.
They are selling their btc in low amount just to get out of the fall.
they don't know that selling early is just easy losing money.
They are selling their btc in low amount just to get out of the fall.
they don't know that selling early is just easy losing money.
Bitcoin is a leader among all cryptocurrencies. And all other coins as though depend on it. If the price of bitcoin falls, then all the others also go down. And vice versa.Now there is a lot of information about the legalization of bitcoin. All the rich people fear that this will happen and try to sell bitcoins. Thereby saturate the market.The main quality of bitcoin is its anonymity. And if it is legalized oligarchs will not be able to hide their income.
As you known and you heard, especially since some social media banned cryptocurrencies ads and many other reasons whose core is Fud. so people are increasingly afraid to enter the world crypto see bitcoin prices are still at risk down. And for those who have bitcoin stocks, they have chosen to sell it maybe, and there was panic everywhere.
The price of bitcoin going down because of the bad and negative news of d media.
If you do not need that money in this year, wait for the 2019. The prices expected to get 20000 dollars again.
Its because in the last month of 2017 bitcoins price reach to $19000, the normal movement is if that month will rise then expect in the next month that it will fall, because the price of the bitcoin is not stable and it is unpredictable. So dont be surprise if it will goes down, it will rise again.
Well, there were several factors that affected the price and biggest one was the decision of institutional investors a.k.a big whales. The price was so high without any support of the enough user base, it was expected to fall down and we have experienced the correction after that price rise. However, I am expecting price to recover from this month and we will see the all time high level in this year itself. Still, do your own research before taking any investment decision.
any one know why the price of bitcoin coin is going down day by day,, and when i purchased bitcoin last time the price was Rs 7,00,000 NRI and right now the price is Rs 3,55,000 what can i do ?
you can only wait, it's a common thing every year. Because many factors affect bitcoin prices like the negative issues that are now circulating ... so you have to be patient and be patient
If you do not need that money in this year, wait for the 2019. The prices expected to get 20000 dollars again.
There is way too much supply, after the Mt Gox dumping so much coins in the market, the market took a hit, then people started panic selling and dumping even more coins into the market which just made it worse.
I do not think that the futures contracts that were introduced for Bitcoin have done the currency any favours at all. They have basically ruined every market they have touched and this type of derivative instrument only encourages manipulation. Bitcoin has always risen and then corrected just that this time the correction is lasting for some time.
The bitcoin price has dropped as investors nowadays are not the same as in 2017, which was a lot of investors so the bitcoin price was high.
The price fall is completely upon the hard regulations taking place around the world. Yesterday some news describing ban about bitcoin has come from the government of India and this seems to be the reason for the fall in price lower than that of the market price in other countries. The only thing that can be done is to hold expecting good to happen.
Nobody doesn't know what happened bitcoin some bad news and some country called illegal Bitcoin crypto currency
I think for this reason Bitcoin price is down
I think for this reason Bitcoin price is down
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