Bitcoin Forum

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 ?

As fees peeked at $55 we have seen Bitcoin going down ever since but i had could see
what this would lead too and jumped out at $18k

FUD around here will blame japan, india and putin but fees killed it and the lightning network
that is nothing more than a collection of banks will bury it six feet under.

The big question now is what happens next. Bitcoin has done a lot of growing up late 2017, as professional investors have started taking a real interest in the currency. The first few months of 2018 are going to determine whether Bitcoin is a real investment, a viable currency, or a total bust.

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.

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.

Bad news is not the cause of falling prices. It seems to me that the reason for the fall in prices is the fact that the rules for the use of bitcoins are constantly tightened. Previously, in order to open an account on the exchange it was not necessary to provide personal data. Many rich people were free to buy and sell bitcoin. Now it is not. Who likes that? Many people do not want to use bitcoin which is regulated by the government.

After a shocking start to 2018,many big investors fear the  BTC token could fall back to behind the $10,000.mark after recovering losses made earlier this month.i see currency marketcap before some days bitcoin buy huge decrease day by day.but i believe bitcoin price again going up soon.then all bitcoin users can recover our money as like that.

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??

“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 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.

indeed wise words:) remaining question for me is how long do we stay down or go even lower :P maybe i wait for some holiday money to invest before we pump again :)=

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

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

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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

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.

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.

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.

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.

If you do not need that money in this year, wait for the 2019. The prices expected to get 20000 dollars again.

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

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.

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.

The price of bitcoin going down because of the bad and negative news of d media.

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.

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.

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.

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.

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.

haha Isaac Newton now one of them theories are applying here "what goes up it definitely come down" hahha 

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

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??  

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.

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.