why the price of the bit coin is going down? - page 2.

ipanks

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Quote from: Dheeraj Kumar Singh on April 05, 2018, 10:16:16 AM

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 ?

welcome to the cryptocurrency world sir and this is what happens in this world. every price in crypto worlds is always changing in every second and like the stock exchange, in cryptocurrency, no one will know what will happen in the next second. so you only have two option right now which is you can still hold your coins for an unknown time and the second is you can cut loss which you will get lose your money. my suggestion is still held because the price could increase in anytime and you can regret if you sell your coin too early but it depends on you.

Lady Coquet

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Quote from: invincible49 on April 05, 2018, 10:46:56 AM

In my opinion there are a few reasons for that.
1. Mt. Gox trustee selling its Bitcoins rapidly, and market's liquidity and RSI are getting higher.
2. IRS issued Bitcoin taxation and the annual reports for individuals to submit their past 12 months income via Bitcoin trading for giving the USA governments tax on Bitcoin. People from USA are selling their BTC to pay tax.
3. Weak hands panicking over google, linkedin, Medium and other social outlets banning ICO advertise.
4. Cryptocurrency market is just like Wall Street, you can always expect these to happen. So hold on tight. The market will eventually come back to normal in a month or so.

Yeah, that's all right. These are the reasons why the price of bitcoin is going down as of now. These are the factors of the bitcoin prices. You cannot expect what the price and when it goes up because it affects the many people to panic buying and selling.

magicmeyk

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Quote from: Dheeraj Kumar Singh on April 05, 2018, 10:16:16 AM

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 ?

I suggest that you hold your bitcoin and don't sell it if you can't afford to recover it in short term.

gwapo.zylle

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Maybe their is an exact reason why the price of bitcoin is going down. As of today we are going to help and do our best that bitcoin will still remain and the price will high not to lead from any distractions. Bitcoin is very useful as of today because many people doesn't have regular job and bitcoin lead them to have an income. That is for individuals future and in our community too.

maxreish

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You know, why bitcoin's price is going down, it is because of the bad news they published in newspapers and tv stations in the past month s/days, thats the big impact why bitcoin's price is continuosly going down. But if the news about bitcoin is good, you'll notice, the price is pumping rapidly.

tabas

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Quote from: Dheeraj Kumar Singh on April 05, 2018, 10:16:16 AM

any one know why the price of bitcoin coin is going down day by day

You should bear in your mind that when the price of bitcoin goes down there are many volumes of sell instead of buy. And when the price goes up then there are many people who are buying and it's dominating the market trade.

leland orser

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Don't worry too much, try to relax.
In a bear market, any decline is normal, but it won't last long.

btcluisdiki

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In my opinion, the factors triggering off the price of bitcoin to decline could be FUD, whale manipulators and the people involved in panic selling on their btc instead of buying. These contributing factors should be atleast be minimize in such a way that bitcoin may able to continuously improve thus increasing the price gradually in the coming weeks to come.

bakekang008

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Quote from: Dheeraj Kumar Singh on April 05, 2018, 10:16:16 AM

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 ?

I think thats the part of circulation of bitcoin thats why the price is still down. But their are a lot of people still using bitcoin, so for me its no reason to bother if the bitcoin is still down because in near future it will recover and back to normal.

ambisyon

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This situation where price of bitcoin had been going down could either be the negative news from media outlets and whale investor's manipulation were factors affecting the continuous growth in bitcoin. Currently, bitcoin is at $6.8K USD and could hardly get through at $9k USD which I think because of such factors hampering the up trend of bitcoin. People should continue to support and invest in btc such that the price will recover to it's usual price last time.

golek upo

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We just need patience in the face of falling prices coin at this time. No one knows for sure about the reasons for the decline in the price of the coin.

Washball

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The price is going down because of 2 reasons. First there's the whales who pump and dump every now and then, thus manipulating the price. Then there's the FUD, which has been spread day after day. Everyday you can read about governments banning cryptocurrencies and shutting down exchanges. Now it's the Reserve Bank of India who wants to stop cryptocurrencies in India. All this FUD creates panic sell off, resulting in price decline.

ralfshu

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No one has mentioned the real reason behind this. It has happened in India because RBI has made a strong statement against bitcoins today.

invincible49

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Quote from: Dheeraj Kumar Singh on April 05, 2018, 11:54:58 AM

Ya most of the point are right but I think the Chinese government starting banning IOC project which having the bad impact on Bitcoin. I remember that when I start trading with this coin the price is good but right now it getting worse day by day.. And I have another question like banning of IOC will also going to impact on Ethereum??

I don't think governments are going to ban ICOs projects ever. Because as some countries have already tried to impose taxation on cryptocurrency means cryptocurrency's acceptances to them is now only a matter of introducing a few rules and regulations. Once these regulations kick off, monitoring scammers will be a lot easier. What various social outlets are doing on tightening the rules on advertising ICOs on their platform are not that bad. Projects like Denaro, Symmentry, Benebit, etc. invested a lot in advertising on social sites to promote their scamming efforts, people jumped off and then got scammed. Any good ICOs on whether its on Ethereum, NEO or other blockchains can eventually rise up through their works, vision or communities. So the idea of Ethereum being impacted by the ongoing hardened rules on ICO's adverts is not even a question. Its more like when the Bitcoin faces a massive sell off- the altcoins will always get smashed in the market.

stingraydiver

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Take a look at the average daily trading volume. If more selling is happening, the prices fall. If more buying is happening, prices rise. You can see spikes in the volume when either of these things occur. If everyone holds, the price is stable.

great0ne

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Im not know but just hodl in long term price will go up!

Ghayoor

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Quote from: Dheeraj Kumar Singh on April 05, 2018, 10:16:16 AM

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 ?

actually a lot of people they are holding bitcoin now a days so that's also the reason that bitcoin price is going down.

hammerhart

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Quote from: Wendigo on April 05, 2018, 12:04:11 PM

“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.

indeed wise words:) remaining question for me is how long do we stay down or go even lower Tongue

maybe i wait for some holiday money to invest before we pump again

=

merchantofzeny

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Quote from: MostafaGamal on April 05, 2018, 10:33:14 AM

Some bad news is the main reason for the price drop, this situation can continue for a while. So be careful but also consider a good opportunity to enter for those who have surplus money to invest.

I also suppose there are a lot of newcomers selling off. Those that bought at the peak last year and managed to hold off selling their btc probably saw the price slightly recovering and decided it's the right time to exit. They'd still be leaving with a loss though I suppose they think that's better than nothing.

Wendigo

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“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.

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