Bitcoin Forum

We have noticed that the value of bitcoin is depreciating this few weeks and over 60 billion dollars have been wiped out in the value of cryptocurrency due the slide of bitcoins value. So what are the possible factors that contributed to the downfall of bitcoins value recently, here are some reasons according to this article; https://www.cnbc.com/2018/03/15/bitcoin-price-over-60-billion-wiped-off-value-of-cryptocurrencies.html

1. Google's announcement of banning cryptocurrency related ads
2. Large selling of BTC by MT. Gox

I actually agree to the article that these two are the main culprit on the downfall of bitcoins value. Let us wait and see if bitcoin can overcome such hurdles this coming months.

Google announcement of banning crypto related ads is really a  big news. If they really implement this in April, we will see a huge drop in prices and a lot of alt coins will suffer huge loss. Some may not be able to survive if they do not find other good places to advertise and gain more investors. Another news that might have affected the price is the recent hack that occurred in Binance. Many of the users of that exchange must have withdrawn their money because of this.

I think the real reason may not be because of the two, as is known to all, the influence of national policy for the bitcoin is huge, so the next G20 meeting of unstable policy is the real cause of the bitcoin down.

TBH Google crypto ads ban should only affect new projects and ICOs since they are using it for marketing. The most popular coins do not use it anyway (have you ever seen Bitcoin od Ethereum ad?) so it shouldn't matter for their price. But it is crypto after all, FUD is irrational.

I think constant news about governments regulations in many countries is why people are now more sceptic about bitcoin.

the best culprit is google i think, when they announcement it price bitcoin fall down like waterfall and every people is panic, i hope situation like this will over soon and bitcoin price wil go up again

these may have been part of the reasons why price has been falling and they may have actually contributed a lot to it but I doubt that they have been the reason for the drop itself.

I said this a long time ago when price was struggling to go below $10k for the first time. back then that was a huge buy support preventing any kind of drop but the constant dumping at that time created a huge sell pressure which that buy support could not handle. when it was broken and price went down to ~$5900 that was it for bitcoin, the buy support vanished and many stayed away from bitcoin. ever since then it was a constant market manipulation and dumping for short term profit and things won't come back to normal unless price reaches a strong bottom and the dumping stops.

I'm starting to see this trend where people attribute Bitcoin price drops with FUD. But the FUD happening right now is weak in so many ways.

You have Google enforcing stricter regulations for their advertisements regarding crypto such that they'd disallow scammers and unlicensed people from advertising. This isn't FUD, it's a good thing. That means scam ICOs wont be advertised or gurus who are unlicensed.

There are actual reasons why bitcoin prices fall without it relating to the news. If you treat bitcoin like stocks, here are a few:

1. People just sell. It's not about FUD, it's not about conspiracies. It's just that people just happen to sell all at the same time because they need money for things in real life. Bitcoin isn't in some ideal world. Bitcoin investors aren't just in BTC, they're in the stock markets too. When the stocks do poorly, they have to sell BTC to make ends meet. Also, it's March, things are getting warmer, people want some fun money. Spring is a team of renewal, growth, love, etc.. For any number of reasons, people are selling en masse.

2. The volume or price performance looks glum. Experienced investors look at volume paterns and price performance. They treat bitcoin like a stock, so when stuff looks bad for a long stretch, they just sell to move on. I feel like the January – March drop scared away the new investors who don't know that things will pick up again. They probably decided to be over it.

So don't just go around blaming FUD all the time, geez. There are original, tested and tried reasons why stock prices fall – and bitcoin prices apply to those same princples :/

2 giant companies (facebook and google) have banned crypto currency advertising on their website to be very influential news on the decline in bitcoin prices and other altcoin prices

I agree with you, the banning of facebook ads and the google's announcement of banning cryptocurrencies related ads is one of the reason why the bitcoin price is dropping. It has a very big effect because people who know about that quickly sell their holdings. And the percentage of sellers than investors. If there are more sellers than investors, the price drops and vice versa. I hope many more people will still believe in bitcoin and will continue to invest and make the bitcoin price increase again.

Yes. There are many ways to make bitcoin and earn money. This is because bitcoin is a very good platform to make money. This is because bitcoin offers various methods by which one can make money. Firstly one can jo N signature campaigns where one has to post on relevant topics and then he or she is paid accordingly. Then one can start earning bitcoin by bitcoin mining. One can also start trading bitcoin to make more money. Also bitcoin gambling is a very good way of making money but it is a little risky job as it also has high chances of loss.

Too many bad news!

it is a common mistake to think FUD is the reason for the drop. the correct statement is that FUD increased the size of the drop, so you can say it is also happening because of FUD.
in fact this is a pretty funny mistake that some people make, where they try spreading FUD alone and think if they do it, price will fall but we just laugh at them.

what really happens is that the dump is initiated on exchanges and at the same time FUD is being spread to create panic and change the mentality of the investors. in other words to give them more reason to want to sell out of fear. this may simply be out of fear that the news (eg. ban) can cause something terrible with bitcoin or it  can simply be because they speculate price will fall because of that news and since they also see the fall itself they act on it too.

unless you think people are investing their rent in bitcoin, this reason is dumbest thing to sell. for example people don't invest the money they need to buy groceries, pay the bills, ... in something, specially bitcoin. and investment is not something you liquidate to pay for things in real life unless it is an emergency!
and when other markets like stocks are performing poorly they are going to sell their stocks not to sell other things to make up for their stocks profit loss!

the volume is still pretty high actually. and those who wanted to go away, have already gone away back when price fell below $10k for the first time.

I think it's normal for a bitcoin to price too much because it also needs it.
In order to balance the balance, especially to investors the traders may not always have to increase the price of bitcoin because all the people will earn when the price rises forever.

I am not really sold on the idea that the cut in advertising for scam ICOs and fraudulent Crypto projects, can have such a profound impact on the price. This might have been one of the triggers, but it is not the main reason for some of the dumping.

I think a lot of people invested last year when the price was high and they used debt to fund that. They now have to pay back the debt and it is getting difficult 3 to 4 months down the line. When the price drop like this, they start to panic and then they cut their losses.

maybe the reason why bitcoin is falling down some big whales sell their bitcoin now and the demand of bitcoin is very low thats why it rapidly decrease now. for me this is always happening but when those bigwhales buy more bitcoin again the price will increase.

Maybe the reason of bitcoin's falling is some people dump bitcoin in a large number so the market is affected.

I guess that is pretty normal to the market after reaching a high mark which is $20000 and yes Google's announcement on their decision really affects the price of bitcoin but also us really affects the market price the consumers, users and most probably the whales and institutional investments. Also FUD's, those weak minds really is.

For me I think the reason why bitcoin is falling down is because it has low demand today and I think the banning of cryptocurrency ads in google and facebook affects it too.

Some analysts explained the decline in the price of the crypto currency due to ICO hearings, in which US officials and government officials participated. In which several representatives, including the representative of the 12th Congress of the US Congress Caroline Maloney, said that the crypto-currency market is a bubble.

among the causes of falling bitcoin prices
I personally still confused because a lot of news circulating but all the right that which I also do not know.

some say the Korean government prohibits or limits cryiptocurrency transactions to its people.

others say Google forbids ads that smell cryiptocurrency.

because there's a big mafia playing, selling all the bitcoins they've earned from the bitcoin scam website they had made last year, and also the falling XPY price is now also the cause of bitcoin down

but I'm more convinced that bitcoin prices go down because Google forbids ads that smell cryiptocurrency .

The reason for falling down the price,I think the ads  of Google regarding banning of crypto currency.due to fear people start selling .by I thought Bitcoin definitely will overcome from this very soon.

низкaя пoпyляpнocть биткoинa.

Yeah, if you are smart and follow the rules this is the case. But in reality, terrifying majority of people use money they need every day, or even take loans to buy crypto, counting on quick money. A lot of them, who bought bitcoin in December/January, are now selling to cut their losses.

some day ago i think google ban ads is reason

I think the main reason for Bitcoin's decline in price is the recent hack of the Binance Exchange.

It is true that FUDs affect the price of bitcoin as it cause people to panic and sell but also at this point I think the cause of the bitcoin price going down could be attributed to many things. I'm also thinking that it could just be normal market movements since the last bull market was so high so it's only normal that the price is at the place which it is now.

but that is the least relevant news among all the FUD news that is flying around. and on top if it, this advertisement ban by google is actually a very good thing!
in the past if you have searched for any thing cryptocurrency-related you could have seen all these ads on top of search results or on google ads banners on websites which were mostly scams. like 90% of them were linking to a scam ICO or a malware wallet lookalike!
i think eventually google got tired of reports of inappropriate crypto-related ads and banned them all at once.

I dont know the the specific reason for btc price down . but now a days so many bad news and fraud news in social media against btc and crypto world. on tthe other hand two giant company fb and google also banned  cryptpo promotion and add i think thats why may be some price drops. i hope this situation will be over and market come back asap.

It's because of Google banning all the ICO ads on their platform, that's why we can see the massive price down of bitcoin. Don't worry Bitcoin was used to massive price changes, it will recover to its current value.

Panic selling is one of the major reason which is resulting in this much downfall in the market value of all the crypto coins including bitcoin. Not all the investors are this much patient that they can control their emotions and that most of them fail to keep their control over their emotions when they see the market price dropping down. Other than this, the decrease in the demand of the bitcoin is also resulting in downfall of the market value of the bitcoin.

That is the way sharks collect, and this bitcoin is suffering bad news, google, fb or other countries are also difficult to bitcoin.

Hi,

I would say that these two reasons... may explain part of the situation. But not completely.

Bitcoin is linked to many factors. It is hard (not to say impossible) to say what weights more or less.

As for the reasons you give, I'd say that actually they are rather secondary ;)

I think the bad news about Bitcoin is that people are bewildered, or that some people have pulled out Bitcoins in huge numbers from trading platforms.

There are many reasons for dip in Bitcoin price and not only the two things you mentioned like Google banning crypto ads and Mr.X wiped out huge Bitcoin into fiat. You can see the trend of Bitcoin now that all of these news which created negativity but Bitcoin price started to rise from yesterday, current price is trending around $9100 and by month end I think the price may go up to $10000.

I think many people sell btc so btc falling down

We can thank shitcoins for that - an overwhelming amount of new ICO is the main culprit here.
To be honest, I don't remember if I've seen the only Bitcoin-related ads - mostly it was about investing in some dubious new coin and get rich with no effort kinda stuff.
I won't be missing these ads at all - it's not a big deal and as usual people are overreacting greatly, while there is really nothing to worry about.

Oh come google, google google, how many more times people are going to take this name and to be honest it is getting irritating. They have no involvement in the crypto currency or its presence in this world. Google is just another platform for the purpose of getting the customers on board or reaching out the targeted crowd and stuff like that. Just because they are not going to handle crypto advertisement further doesn't mean that crypto lovers has taken there foot out of the crypot world.

Are you leaving the crypto currency because google banned idea of advertising it? Are you not using it anymore? I think no, you are not following any of it and none of us. So I dont think there is any effect of that on us or on the crypto itself.

i think reason bitcoin is falling down is social network is banned all link from cryptoccurency

I think bitcoin price is falling is because of the demand of bitcoin is low and google is banning some crypto.

yes, now we feel the shock in the crypto world after the news spreads in the media, and the shock will be even greater when google implements its plan to ban crypto ads in the month of June.

besides that, there another factor that makes the bitcoin price drops is the sale of bitcoin that is done Kobayashi as much as $ 300,000,000.

Certainly the points that you've cited surely affects bitcoin, but it is not something that is detrimental to bitcoin since it is already strongly founded in the economy. bitcoin sinks because it is being used in trade business to which values flow and is affected by so many factors weigh in such pump of tokens derived from it, its utility and such..

The price of bitcoins is determined by supply and demand. When the demand for bitcoins increases, so does the price, and when demand falls, the price falls. In circulation there is a limited number of bitcoins, and new bitcoins are created with a predictable and constantly decreasing rate, which means that demand must follow this inflation rate so that the price is stable. Since Bitcoin is still a relatively small market, compared to what it can become, it does not take large sums of money to move the price in the market up or down, and therefore the price of bitcoins is still very volatile.

I think it was because of G-20 summit held at germany. And the news comes from g-20 is positive so market is rising again. so buy bitcoin now before its too late..

As I know several companies have already brought  in an action against google and they are protesting their financial development rights.For me its true that there are a lot of ponzi schemes and pyramids but people mustn't make decisions without knowledge and researches.They know that there are a big risk in every business,especially here... Anyway, may this case has a future and  court's decision may be good for investors and for people who are looking at new projects.
as for MT.Gox its fact that they have sold a huge amount,despite the fact we will see bitcoin rise again its not a catastrophe..

The reason of bitcoin fall lately was because the regulations issue about bitcoins.
but for now, i think everything is okay. Bitcoin price slowly increasing until now.

I think the biggest reason is that rumors circulating around the G20 that bitcoin could be blocked around the world with established alliances. I suspect that is why mtGox has released a very large volume of bitcoin. That is the real downfall.
facebook, google not support for bitcoin ads is also a minus point for investor psychology. It is a consequence of panic.

I think the reasons can be different from the fact that we are not particularly active in buying bitcoin before the momentum that the system was hacked and the prices decreased.

why market is falling down again is there any bad news about crypto market. Really want to see bitcoin above 20K. hope it will reach 20K soon

From the beginning of 2018, Bitcoin, as well as the entire cryptocurrencies market, has faced a lot of negative news from the governments of the states issuing a ban on cryptocurrencies. That makes investors worried about the future of cryptos, which led to panic selling, steady decline in Bitcoin as well as altcoins rates. Google and Facebook also announced they would ban ICO-related ads and cryptocurrencies on their social networks.

I agree, everybody is waiting G20 decisions.