Bitcoin Forum

Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?

I heard this was a result of the Korean issue of closing the trading exchanges there. but it has been clarified that it is a lie.
I am sure BTC will rise again.

I think the bitcoin will not go back to the price of 1USD = 1BTC as you say. maybe for now bitcoin does not happen rapid price movement for now due to new year yesterday already many who do the sales and use it for life in real. so I think for a while bitcoin will not happen movement. but it's not forever and declining because of enthusiasts, bitcoin lovers will come back me to play it back.

Are you serious.

Bitcoin rose from $5,000 to $20,000 from mid November to mid December. And you're thinking of 1USD=1BTC? What we're getting right now is a healthy market correction, as seen on most assets that has risen too much in price in a short span of time. We're still in a very good position at the moment with the $13k-$15k price mark. I think you need to take a look at the bitcoin graphs[1] and see for yourself.

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[1] https://coinmarketcap.com/currencies/bitcoin/

Seems all the coins’ price have a negative result in past few days.
It could be affected after the South Korea announce that they will ban cryptocurrency.
Maybe the south koreans have a massive sell out after the announcement.

That, my friend is not possible. Dont panic, this is just a market correction. Everything will be fine soon. This is perfect time for buying

The market wouldn't have been hit THIS badly and over such a long period of time if it was because of something as minor as the SK government saying they were slowing trade. I would expect that there is a much higher chance that this is the market slowing itself and returning to what should be "normal" for Bitcoin after a crazy few months where absolutely everyone was trying to invest in cryptocurrencies in some form or another. SK would have had an impact, and maybe that's what the $14k to $13k drop was, but that has recovered, mostly, by now. I'm not saying that South Korea isn't significant, but I don't think it is as significant as people are trying to paint it as.

This seems to be coming true. Reported from https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html
'South Korea's justice minister said that the country is preparing a bill that will ban all cryptocurrency trading'
Such an issue once occurred when China began to resist the same thing, but the market responded with this negative sentiment of news and Bitcoin prices continued to rise until the end of November, 2017. Could be this will happen again, we're still waiting what will happen soon.

bitcoin fell 4,000 dollars in four days due to bad news from China and South Korea alone, where they are going to ban e-currency trading on exchanges.South Korea is the center of crypto-currencies. It is here that 20% of all world bitcoin transactions occur, while prices on South Korean exchanges are usually 30% higher than the world average. Local authorities are angry that crypto-instruments do not pay taxes, so fighting with them is serious. The police have already repeatedly searched the stock exchanges engaged in trade in crypto currency, and simply in every possible way tries to interfere with them. It is possible that the whole of 2018 will be under the sign of pressure on the e-currency by state regulators and attempts to control the conditional bitcoin. After all, any fluctuation in the market for knowledgeable people promises a serious profit

BTC is uncertainty all the time. Negotiations are very positive this year, but everything is possible. It seems to me that 1 $ exaggerates ...

The value of bitcoin is very solid right now and I don't think it will not drop back to the $1 dollar so don't be scared and if this is because of the news in the main stream and social media about bitcoins getting ban on different country and that many investors are switching to Altcoins I think this is all FUD that really want to scale the value of bitcoin just don't believe and hodl in your bitcoin because when bitcoin momentum gets back you will be surprise of another bullish trend it can make.

Man too negative about it. We know it wont be possible as that many Bitcoiners from the past years have invested on Bitcoin but failed to redeem their money and others hot hacked or lost their keys or pass to their wallets. And it is not likely to go around $1 once again.

as the matter of fact because of the demand of supply in the market which is the common reason why bitcoin price increasing and decreasing. Which the price will drop when some of the bitcoin holders sell and the price will increase when more bitcoin still holding or more investor will adopt bitcoin. And about your question bitcoin will go back to 1USD=1 BTC?  Well mate its impossible to go back on that stage since bitcoin is so expensive nowadays.

It is just a minor correction and not a crash which was greatly timed by the news about the Korean Government banning cryptocurrency exchange which was quickly corrected that only illegally operated ones will be banned and shut down. But if you really know trading you won't be asking this kinds of questions as you will know the answer to your question. And for your thought that Bitcoin will head back to having a dollar value I don't think so, with the cryptocurrency market growing many people will take the chance to ride even if its priced at 7,000$ by now or even at 10,000$

This was due to the Prime Minister of South Korea declared that they will ban the use of all digital currencies in which resulting Korean investors to become afraid and decide to dump their coins than it will become no more use or no more value in their country. We just hope that the PM will change their mind and will continue to support bitcoin.

1 USD = 1 BTC!! Nope, that's never gonna happen. It will take 150-200 rounds of trading of same Bitcoin so its value get depreciated by 99.9934% from 15K to 1 USD. I don't think it would ever happen that 150-200 traders in a row will buy high and sell low.

Current market crash was just temporary one like we seen 1001 crashes in last 8 years.  ::) Chill! Bitcoin isnt going anywhere down, it is just resting.

People always cry when the train has left the station without them. But when Bitcoin price is reasonable, they won't care about it and spend their time eating ice cream on the platform.

This is the good time to buy Bitcoin and HODL. Firstly, the whole news about futures is over. Next, Bitcoin transactions/fees are an issue. The news about China restraining miners as well as South Korea BS about shutting down exchanges etc is holding the price back.

Just saying that when the lightning network gets into play or Korean exchanges go back to normal, Bitcoin may surge over $20k. Don't cry about being left back on the station holding a cheap ice cream.

BTC is taking a very healthy break and be careful, it will surge like a MOFO on any type of good news that comes along this year. Buy when you get a chance and HODL, don't try to play the market, this market is on crack right now and NO ONE can play it.

Bitcoin has not clash rather it is reacting to the fake news that Korean financial regulations authorities is banning bitcoin and others cryptocurrency exchangers in the country. I can easily see that the corrections has started and one can easily make another round of investment by buying now. Cryptocurrency has become part of our economy and the earlier we realized this the better it will be for all of us.  If we play with it opportunity will keep pass us by but if we accept the reality we would be among those that will make things happen in future.

This isn't a crash. Normal market behavior that the price fluctuates. There is Korea's issue, but there is not much impact on the market.
1USD = 1BTC I don't think it's possible.

I think the main reason for the bitcoin price crash is due to it high transaction fee and longer waiting time to transactions get confirmed.
But it is crazy to think like that 1BTC = 1USD.I hope it will never happen and bitcoin is still the expensive crypto currency.

Bad news from South Korea effect in bitcoin price, the price will reduce for short time and back to rise normally "will effect in the weekly chart only".

crashing mean lost more than 40% of total value and this is only normally correction price.

Will it go back to 1USD =1BTC ? 1/1000,000 possiblity
 

The price of bitcoin is not crashing in any way. I think that unfortunately people got used to seeing a continuous rise throughout 2017 and do not understand that such behavior is absolutely unsustainable and sooner or later a major correction and a period of relative stability were necessary. But I think we should not worry too much about this situation, because it is only a pause before resuming its upward trend.

Bitcoin is crashing because of the correction it is suffering right now. It is suffering because it made its ATH last December. And just wait for  a week or 2 the correction might finish.

A big no to 1 USD per 1 BTC. It will never go back in that one.

No. If you visit the press section, you'll see an article where the government there says that there (at least in the short term) isn't such a thing as a ban or whatever related to that. If the initial round of fud had any effect on this market, the price would just shoot back up after the news that there won't be a ban. It shows that the market was basically unaffected by all this South Korean fud, which is a great thing, and that while South Korea is a very large player in this market. They managed to grow so large, that they can't be seen as a joke or insignificant country anymore. I just hope that South Korea will just force through regulations that are fair, and not just blindly put a stop to something they don't understand.

South Korea has made a official statement already that they are not going to ban bitcoin. I think its pure FUD what we have seen in the last 2 days. Although it was nice to see the investors didn't dump their bitcoin because of this FUD.

Yes, crashing means 30%-40%, like we have seen when China closes its door last year.

And say what again? $1=1BTC? Where the hell did you based that speculation?

It's the cause of the FUD that was caused by somebody that created an article about South Korea is banning cryptocurrencies so everyone who have read it started to panic and keep on selling their bitcoins. And that resulted to the price of bitcoin to decline.

No.

BTC price is crashing because of a fake news that south Korea is planning to BAN bitcoin, which came out to be a FUD. BTC price fall is just a market correction and is a opportunity to buy as merket again start recovering and hope to make a new high and create a new benchmark soon.

The South Korean news is concerning because even if they don’t ban cryptocurrency trading, they are considering it. I think cryptocurrencies will eventually be mainstream, but there are going to be situations like this along the way that will affect the market enough to cause a crash.

"considering it" in what sense? in the US, several congresspeople have called for the government to ban the use of BTC over the years. there are always people in government who will make incendiary suggestions like that.

i bet that's why the russian government contradicts itself every few months regarding their legal position. in november, the communications ministers said (https://www.ccn.com/bitcoin-will-never-considered-legalization-russia-claims-minister/) that bitcoin "will never be legalized in russia." yet a few days ago, the story broke that a bill was drafted to legalize cryptocurrency exchanges (https://www.financemagnates.com/cryptocurrency/news/draft-russian-crypto-bill-legalize-trading-approved-exchanges/), and that the finance ministry is developing a list of approved exchanges.

i think "korea bans bitcoin" is the new "china bans bitcoin".....nothing more. i suspect we are entering the era of regulation, licensing, whitelisting of crypto services. my worry is that this will just be a honeymoon period before the real crackdown comes.

Yes some countries have shown the ban on the use of bitcoin like south korea country. But for me it can still be considered because the decision is still not final. Bitcoin still has great opportunities and has a good future. The current market turmoil is indeed one of the effects of banning bitcoins, let's move together to be able to maintain the situation. There are still many countries that have not yet made a decision and that means an opportunity to be able to convince the use of bitcoin and show the benefits of bitcoin to the government is still wide open.

There are many traders on this forum who would single handedly buy every coin if it went to $1. The only way that would happen is a protocol/encryption disaster making the coin worthless.

hahahaha.. bitcoin crashing? came on.. The price is not even going down, it is at $13000 at the moment, do you seriously think that it is a low price?
And yes, i am waiting to see a $1 usd - > 1 BTC so i can buy all the entire market again.

Yep, the stock market will be crashing soon.   It'll be .00000001 BTC= 1 Dollar.

That's so asinine. I swear. If ever bitcoin  goes to 1$=1BTC, the bitcoin millionaires will turn to dust. Markets will never let that happen. There is something called support levels to support the prices of bitcoin if it keeps falling, pumps will invest most of their money to rise the value of bitcoin, if they find it to be financially beneficial for them. This crash is common, this happened last year too, at the beginning of the year and now also the same is happening.

well, this is the risk that is in my investment suggest this is a fairly low amount. and to buy bitcoin is a very good time.😅😀
I hope all can benefit from the trade done.
bitcoin is one of the best places to look

Once bad news like this come out, it would likely make the btc price go down. A minimal dump would make the btc price go down but it does not mean that we will experience a crash. Also, we have been experiencing a correction along with this. There will be a pump soon so that the traders especially will earn profits.

1 USD = 1 BTC is way too far. There are still so many supporters and users, so it's not likely for that to happen since many still have a hand on the market.

Crash, seriously? You are exaggerating things. A drop or decline would be a much suitable term from the recent price decrease. Besides, we are at the middle of January and we are experiencing bearish market ever since 2018 enters, nothing is to be worried about.

1USD = 1BTC? Exaggeration might have been an understatement for you ::)

I don't think we'll see 1:1 soon. But I do think we'll go below $3000 in the next month. BTC failed as a payment system, everybody knows it and Lightning network is delayed for 18 more months and it's extremely flawed anyway so it won't even matter. The big guys (smart money) know it and are building up their short positions, while the little guys are going to get killed on their longs: wsj.com/articles/little-guys-and-big-trading-firms-square-off-in-bitcoin-futures-arena-1515326400

Be smart, follow the big guys and short BTC, that's where the money is to be made.

Even there is news about bitcoin, it will not resulted into crashing. Bitcoin decrease the value we cannot say it will crash, it happen in the market that price may go high and down. Yes there is nothing worried about bitcoin we can see again of the prices to go high.

The famous market crash before the BTC bounces as always back up

I think before 2030 1btc will rather be equal to $1,000,000 and dreaming of bitcoin going back to  $1 should be a thing of the past. Many people are forecasting doom for bitcoin but I am seeing a very high bright future for it. In my opinion bitcoin has crossed that level that it has prove to be the future of money and it is becoming more popular day in day out. Many people are now using it as a store of value and others are using it  as a mode of payment for goods and services.

What we have seen in the last days is everything, but its not a crash. Those were just normal market fluctuations, as we see them every other day in crypto. And certainly Bitcoin wont fall back to 1USD per Bitcoin. Imho it will never fall back to those levels. Besides of that, a price crash like this would not happen within some days, it would take some time to get this low, not everyone would loose confidence in Bitcoin at the same time, so this would certainly be a process of some weeks (if anything like this would happen).

If you really think that the price will go as down as that, then you seriously need to reconsider the facts of why are you still in here.

It is not going to touch those prices, so relax your tits, because it is not going to happen.

And if you have doubts, just sell everything and get ot of here, no one wants more fudder's.

They are making a big issue that is the reason of bitcoin big dump is because of Korean country is not accepting and ban bitcoin,that's why many bitcoin holders are doing panic selling that is the reason bitcoin will dump,but bitcoin dump is only a market correction and that is very impossible that bitcoin price will go back to 1USD it takes a long time if it will happen,and dumping of price that is part of this crypto world because bitcoin price is volatile we cannot predict bitcoin price in the market,and it is depends on the demand and supply in the the market if bitcoin crash there is nothing to be worried that is normal and you will see bitcoin price will pump again.

This is the result of rapid growth last year. As they say rushed quickly and deflated will be even faster, reach the level of the beginning of last year and interest in it will disappear altogether. So it's time to look for alternatives, this is not a collapse of the market is a great opportunity to see new leaders.

the last time was very rapid growth now the idea of correction at the same time in the flat, but I think that everything will change and we will see growth again. 1 $ of course it will not be nonsense!

Everyone knows about it and of course NO.
Bitcoin is not connected with real assets.Behind this technology there is no similar economy like for example U.S or Canadian dollar,Therefore,Exchange rate of this currency depends on demand and thats why I think that this is not market crash and this problems are Temporary,In additional there are a very big influence from negative press and Goverments are trying to limit its use.So history shows that this is temporary...Just look at this
https://scontent.ftbs3-1.fna.fbcdn.net/v/t34.0-12/26940991_1403772206416539_908522830_n.jpg?oh=47516bd9a6c854eebdfd3f6ca51f3fba&oe=5A5FFEDB

Crashes are opportunities to increase portfolio value in the long run. Lots of great projects sold at bargain prices.

Read news.  China again...

https://qz.com/1180326/bitcoin-btc-price-drops-on-chinas-cryptocurrency-crackdown/

Buy back all coins which are top 20 by marketcap, you will get easy over 20% profit within next few days.

Always bloodbath like this is followed by massive pump.

Small pump -> Correction -> Mega Pump

I heared South Korea rumors were fake, they aren't going to ban or forbid anything. I can't see any reasonable reason behind this big dump, only chinese efforts to control their people and forbid them to access online exchanges to deal with Bitcoins, as usual. But is it enough to cause so big fluctuation in BTC price?

The market tends to go up and down its value so I dont think this is a totally crash. There are nany fudsters and issues about bitcoin that others got panic on selling bitcoin. But I feel bitcoin will soaring high in the market again.

Too pessimistic and not feasible. The market could allow huge fluctuations in the bitcoin price even by hundreds of dollars in less than 24 hours but it will not let it crashing to the point you mentioned.

Hundreds ? u mean thousands ?

We cannot talk about market crash unless most of significant assets (coins) lose at least 10% of their value in a short period, and if we consider the average crypto volatility that figure should be much higher. 10% up or down is quite normal. If we add that most of the crypto market has been rising too fast until recently, we see that current trends are normal.

In fact, i wrote it thousands then removed it and changed it by hundreds since the price volatility is limited generally to hundreds of dollars.
For the moment, It is still unclear where we will land after this loss.

Stop saying that this is a crash, it is not, this just another dip and the price is going down like hell, but there is nothing wrong with the price right now. After a huge uptrend, we really needed a break for the price.

To me, this is a crash, but it was bound to happen as prices keep going up. I am just wondering what will happen the next few days, will the price continue to go down or will we see a new upwards trend?

The dip is going on for quite long since it touched its lifetime high. The price is dipping and getting a stable price for a moment and again falling, so its kind of a crash I would say, but justifying it as a crash will induce more fear and result in further dip.
This is surely a small dip, but collectively this would seem to be as a small crash.

People have panic to lose money. First dip, panic starts. Second dip, panic grows... and so on. I do not believe bitcoin can fall to 1USD. The greed of the people starts when the price is low enough. But if we see 1USD, i buy me more and more bitcoins. ;)

Well, that was to be expected, that it won't grow like that forever. So we just have to wait. In any case there's gonna be growth. Besides, it's developing.

I think it would not be possible if the bitcoin price goes back to $ 1 / btc.
although there was a crash, but it could not be that bad,
because big investors will not let this happen.
because of the limited supply of bitcoin and for that it makes sense if the price will be high and not vice versa

Yes it all started from a very panicked sense of panic. People who have an excessive panic will assume that conditions such as the decline in Bitcoin prices are a remarkable thing. Whereas in fact the decline in the price of Bitcoin can be said as a normal thing, so people who think that Bitcoin can reach the price of 1USD then he has suffered enormous losses.

Bitcoin has now surrounded by million of users and investors so there is no way that it could be back at $1 per btc, still we are millions subscribing it , despite the fact that we are facing some troubles in some of the countries still market won't crash that too far.

In fact, it is foreseen by experts that price would be bubble and would double or even triple in its price before the year end.

I think a price double is a lot more likely than a drop to 1$. It's simply folly. Not with the number of people currently holding btc. Its funny that many people who are probably new to crypto keep blabbering about btc declining to 100$ to 1$ when obviously they're just jittery about this correction. When btc spiked to 20k at record time, it's obvious that a big correction is coming.