Bitcoin Forum

Warren Buffett and Bill Gates, both billionaires' view of cryptocurrencies has an impact on retail investors. This might be the main reason behind it.

However, some market analysts have noticed that bitcoin price is correlated to the stock market. Analysts are starting to use Dow Jones as a predictor of how bitcoin price will move.

What's dragging the bitcoin price down? (https://www.finstead.com/bite/Bitcoin-BTC-price-prediction-May-8-2018)

How do you think?

Every negative news about Bitcoin influential people, after which there is a large sale and the price drops.

There are many ideas and opinions as how the market is not breaking the wall or resistance and so we are not hitting the 10k$ mark. But even though what is the reason behind the story what is clear is that there is a weak support on bitcoin and the resistance is very strong and that is why it dropped from 9900$ back to 9200$. But again there is a possibility that we will be winning this tug of war and we are going to overtake 10k$ next week.

Yes, that negative perspective shared by the above mentioned financial giants contributed in the recent plunging of the bitcoin. Buy I can say that we are safe that such news is coming at this time when Bitcoin has gained a great ground of trust and followership. Otherwise it would have been a very big dive downward. Warren Buffet and Bill Gates aren't names to toy with even when their opinions don't align with the majority.

I think that the people who have the larger share in btc are the one who are making the market move like this. This strategy in manipulating the price have a great impact on btc capability.

I think there are some ideas and opinions as how the market is not breaking the wall or resistance that is why we are not hitting the 10k$ mark. But even with that reason behind, the more clear is that there is a weak support in the use of bitcoin while the resistance is very strong and that is why bitcoin has dropped from 9900$ back to 9200$. But again, I still believe that there is a possibility that we will be winning again.

the world more dominates to reject bitcoin, so I think the negative factor that affects the bitcoin price decline is also very big.
if I compare, then the 70% negative factor makes the bitcoin price fall.

but, because bitcoin has very good credibility, so bitcoin can survive. and not dead.

In my opinion the thing that keeps the bitcoin price down is the decline in demand and supply in the international trade market or perhaps the lack of bitcoin buyers.

they are whales who dragging bitcoin price down, again and again, they buy in the bottom and when peoples money in bitcoin and when bitcoin will go up whale suck bitcoin from top and drag it down

What drags down the price of bitcoin and other cryptocurrencies is actually the ratio of demand to supply. If there is too much supply and not enough demand then that means that money is leaving the market which leads to drop in prices and value but when demand starts to outweigh supply then that means that there is money going into the market and that helps to increase the price and the value.

The price of bitcoin is delayed by speculators, as the capitalization of the crypto market by economic standards is not yet large and the slightest fluctuations bring the price back here

Bitcoin was in the verge of crossing the $10,000 mark but many bitcoin haters are doing everything to pull back the price. A lot of fud are coming out scaring away new investors and making weak hands let go of their investment to avoid from possible losses. So when the supply chain has a lot of bitcoin and noone is buying, the price will go down even more.

To me it will only make sense that the stock market will influence the Bitcoin price, if some of these investors are dabbling with some Crypto currency trades on the side. There has been rumors that a lot of these guys are trading Crypto currencies, but they are not openly admitting to it.  They are mostly using their own private funds and not institutional capital at this moment, because it is not allowed yet. Well, apart from the traders that are trading Bitcoin futures, that is.  ;D

I am quite confident that Bitcoin trading on Wall Street will be in our near future.  ;)

 

Absolutely yes you'll right, both negative issue related to bitcoin, such scam, fraud ,and negative thoughts of some people( specially for the most popular investor) all about,  are really big impact to bitcoin price,aside from that they have also some negative aspect in the market regarding to those whale activity, and Supply and demand are also decreased

Of course there is FUD from influential actors looking to preserve control of finance etc. but I wouldn't say we're currently in a bad position. Sure, a way off from the ATH, but IMO the growth is looking much more healthy recently!

until now I do not quite understand what causes bitcoin to decline but my friend says the negative problem can also affect the reduction of bitcoin and neighboring lack of public confidence in bitcoin and also whale playing bubble

no one knows why bitcoin prices can go down or up. my thinking is likely with there newcomers who want to invest in bitcoin and maybe a lot of bitcoin mining but this is just a thought I might be a senior can explain

Warren Buffet, together with Jamie Dimon had already bombarded bitcoin with malicious words and deceiving statements way back in the past, but nothing serious had happened to bitcoin and it still managed to push for a new ATH despite the left and right black propaganda and the media shitting about bitcoin being a bubble. It's true that this causes some form of downwards pressure on bitcoin's price, but these statements alone isn't sufficient to keep the downwards pressure going for long since there are other factors that dictate the price. Next time these dudes talk trash about bitcoin, buy it during the dip and thank me later.

Warren Buffet is at it again this month giving his unsolicited advise about Bitcoin. However there are speculators who thinks that Bitcoin or Cryptocurrency is not the cup of tea of Warren Buffet, meaning this is not his expertise, not within his range. In the real world he may have been successful but not in this one, he is not right every time he  gives advise. Notice there's not much effect on Bitcoins price after he made his pronouncement.

That could be one thing that caused people to panic. For me its the traders aka whales they're the ones behind this price down. Maybe people started dumping some of their BTC to secure their profit when the price went $9800 or probably moved to a different altcoin they wanted to pump. This is just normal with Bitcoin we've seen worse price downs and at least it didn't went below $9,000.

You need to read more

FUDS, there are so many of this that going around the community.
PANIC, many people do believe in FUD and people get panic and sell their coins just to get out of the situations which is wrong.
i hope people will get into their minds and have their own research and decision.

The market can not be predicted, it goes up and down. But how ever I think the introduction of too many coins is decentralizing the value of the main coins.

I think the demand is the reason why the bitcoin price becoming down. If no one use bitcoin the price is become down it is like in the hyper market or in malls.  Once the bitcoin have more users I think the price become big. 

Each country controls the virtal currency through its Regulator.
So it gives a negative impact on Bitcoin. Bitcoin security and transparency also triggered the weakening of the virtual currency.

Bitcoin price is not dragging down but the thing is its go little go down because of some effects it might be because of some rich business man because they don’t wanna digital currency it may affect the market also the big share holder known as whales also. Its true that in market price may vary but it will be again back in action because investors are increasing day by day so the price may also increase.

Yes.I agree on you.The FUD and all the negative media updates can really pull down the btc price.Whenever this happens,most of the people particularly the newbies consider panic selling as a way not to lose too much.But it will only contribute to the price dropdown.

very much the reason for bitcoin prices to decline. Although there are no fundamental factors that trigger this weakening, the parabolic growth experienced by this market slows down at some point. A number of negative news have hit the price of digital assets in the past week.

I think the occurrence of bitcoin reduction this year is a lot of issues circulating among users that there is a ban on digital money trading or kryptocurrency which raises concerns of many parties and there are crackdowns from other regulators

They both are business men who most times sees bitcoin as a threat to they business due to the fact that bitcoin is becoming even more popular then the Microsoft and what have you. The main reason behind bitcoin fall in price is low demands base on the fact that bitcoin operate on the economic law of demands and supply, so when the demands get low the Price will fall.

Sooner or later, China will return to the crypto-currency market. This will happen when the capitalization market is used to a $ 1 trillion and bitcoin will be traded on large American exchanges on an equal footing with classical financial assets. They will understand that this is very serious, electronic money as a liquid commodity. This is a matter of a medium period.

Obviously those manipulator of the price are the responsible in all of this scenario. We can't blame them that's how they play the game and that's their job. No one can stop them, but I'm praying that one day those manipulator will no longer take effect in the market

From my understanding Microsoft is under development process of their own blockchain and has been developing azure, then why they were trying to suppress bitcoin. These people might consider it a fun to reveal statements and enjoy the outcome in cryptocurrency as it is speculative and react to news into circulation.

Well, some of the facts stated here are true. Though it seems to be related , Bitcoin was never related to stock market. There are people who still have faith in Bitcoin and will continue to invest in it to achieve bigger success.

Each of their words has value in the market and economy.
Why Gates is starting to be in the other side while being on bitcoin's side before and he's actually bullish with it.
Wait.. that article says Bitcoin = BTC.X? What?

There are also a great deal of good news, I think that right now there is just not enough momentum to start new bull run.
We are still in crashing market, I believe it will be some time before we see the new bull.

Maybe there are many people who has less knowledge about cryptocurrency, for that reason what happens, if they here any nagitive news about cryptocurrency they become worried and stard panicking which take them towards wrong decision. very sad.

There were lots of factor but it all points out to people's decision on why they should investment. Mainstream media really has the big part on this, if they continue to make news that is not bringing good image it will make the demand lesser. Another factor is the Fud, this makes holder panic and eventually release their coin.

Really don't know what is the exact reason! But i just want to stop reading analyst articles! They always say that bitcoin will hit 30-50K USD But the reality is totally different!

Those are the newbie investors who just rush on to sell whenever they hear any bad news or rumor regarding bitcoins and then just sell to cut short their losses which drives it down. And unfortunately they come back and invest all over again and the cycle continues.

Bitcoin is a volatile dragging cryptocurrency and this volatility is a veryy common nature of bitcoin. The price of bitcoin is on a drag and I think the reason behind this is every negative news about bitcoin. Besides the whates also take part in making the market inconsistent. The ban of crypto in many countries and prihibition in advertising in many sicial sites dragged the price down. The the price is increasing gradually and will soon reach a satisfactory level.

Again, those attacks coming from Warren and Bill does have effect, however I believed that its gonna be short live just like what we have seen in the past. The only thing that really saddens me is that the timing though. When we making a good progress and a significant growth in the last month of so, and even making a break out run to $10,000 this 2 billionaires suddenly charging in, changing the complexion and the sentiments of casual investors resulting in the price going to $9000. However, I haven't seen any FUD that has long and lasting effect on that market. Even Jamie Dimon's attacks didn't pull the price that much in his ensuing FUD, but instead the market quickly rebounded and we all know what that we hit all-time-high after his aggressive actions toward bitcoin.

 Bulls are controlling the market. Too many people now are interested in rate around $10k. Bad for traders, but good thing in general. It brings trust back and so the investors. Warren and Bill are just old haters, don't think they can affect the rate significantly

Buffet and gates are the reason why bitcoin decreases it's value in the last year right and today the reason behind that decreasing value is those people who are spreading some FUD about bitcoin after that people that heard that FUD will going to panic selling that's why it decreases.

From my perspective i think if bitcoins buyer are not interested to buying bitcoin then automatically bitcoins price will fall down and if someone manipulates the market then also price will be fall down.

The thighs that affect the price of anything, I think, demand and supply. Last few months btc price was falling. I think due to taxation rules it was happening. And Yes, Warren Buffett's statement s have an effect on demand of bitcoin.

I believe you have a point there in your submission but in addition to that i will say, Whale has a significant influence over the market value of bitcoin. Negative news is another factor that usually contribute to the downward movement of bitcoin

I've never heard any negative news against bitcoin which could influence it's uptrend motion in the past days. Yes, whales could really change it's market trend and looks like they have taking control and could play the entire crypto market. And we also realize that, fluctuation of prices are very often and we should never think that it won't happen cause it's already a part in crypto.

There may be many people who have little knowledge of cryptocurrency, they are too worried about the crypto value that goes down and they become panic penjaual. I think panicked sellers strongly contribute to the decline in bitcoin prices.

News of the Securities and Exchange Commission, the United States investigating Bitcoin and other cryptocurrency currencies, led to a drop in Bitcoin prices on Feb. 28 yesterday.
In addition to Bitcoin, price declines also occur in Ethereum, the second-largest digital currency by market capitalization. Virtual currency fell by less than 2%

A drastic fall in the market capital has taken place with the price drop which is due to the negative news that's happening around the world with cryptocurrency. The negative news is the Mtgox issue, inspection on exchanges, debate on ethereum, Indian governments regulatory compliance with bitcoin.

I also wanted to talk about this thing. It is becoming an issue now that every other person is launching his currency which is making competition tougher. The main coins are somehow suffering because people have now more options to invest into. But at the same time, these newbie coins in the market are unable to get popularity in short time because of big coins.

The negative news in circulation can make the bitcoin price low, because people will panic and they are afraid of losing their money and decide to sell the bitcoin they have, so many are panicked sellers, the bitcoin price may fall.

WARREN BUFFET and BILL GATES are just the people who taught us that do not trust anyone and anything in this world because they themselves they do it in the way of success. It is the people who are dragging the price down not only the influencers.

negative news. making the most negative negative news. which in turn disturbs the supply-demand balance.
The embargoes that governments are applying are also important.
this and other negative changes are reducing the price of bitcoin.

I already made a thread about this which links to the infamous video:

https://bitcointalk.org/index.php?topic=3740608.msg36984570#msg36984570

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Video there. This will be historic footage which we can revisit in 10 years and have a laugh at these losers. There's always a generational gap in which former kings of empires simply miss the boat badly, and Bitcoin is it this time. Buffet already missed several tech boats, but Bitcoin is going to be missing the boat on steroids for them.

Many factors affect the price of cryptocurrency, I think that it is very difficult to predict because even small news alone can make a very drastic change. The biggest problem is usually trust, when trust disappears there will be a group of people who experience panic and it is fatal to the price of Bitcoin. With panic, the price of Bitcoin can go down drastically, this can actually be avoided by continuing to give trust to bitcoin and one way is to use Bitcoin in doing various financial transactions every day.

The market success and movements of prices are totally and directly related to the investors of the coins. If the demand of a particular coin is high in the market, it could be judged by the rate at which people are grabbing it and at which frequency. Certainly more people buying same commodity means the competition among people is increasing for attaining the coin and in this way, prices increase.

Loss of hype and interest and bulls l, I suppose. Can't see any other real reasons for the price to be that low now. Bulls try to get as much as they can for the low and I hope they want to get profits ASAP

Well it is quite natural as bitcoin has fluctuating nature and price sometime gets very high and then again it use to increase, again, as you said there are a lot of people are now speculations and buying bitcoin but even then it is not enough to, make price very high, most of time panic selling contribute to drag price of bitcoin down so I think it’s better not to sell it at panic and wait for price to pump up high with holding for long time fearlessly.

There were times when some of the opinions have impacted the market but the recent thing is entirely different, Buffet and Gates are good at what they do and that does not mean that they have an idea about the bitcoin market and it wont influence anyone in the long run, they can have a negative view about it, it does not matter in the long run and the reason for the correction i think is the movement of coins from the Mt Gox cold wallet and the raid in Korean exchanges.

I, as well believed that the main reason of price pull back of Bitcoin was caused by the mass sold out of Bitcoin in a Korean exchange couple of days ago when the price starts to fall. Although the comments and suggestions of these most influencial people may become one of the grounds for Bitcoin price to fall, but that doesnt always work. Specially when everything is going the other way.
As we can see, Bitcoin today is starting to crawl back up. Maybe after the consensus the price would make a rally.

I'm not aware of a recent mass sold out of bitcoin in a Korean exchange though. Maybe I'm just lost here because I was out of the action for a couple of weeks. The only latest news that I'm aware that might cause this massive drop from almost $10K-~$9K is Warren and Bill negativity statement on bitcoin.

Anyways, yes we are making a significant gains in the last couple of days when it bottomed at $8300. I read that there is a New York Blockchain consensus and their are a lot of participants so I'm really excited and it looks like it boost the price above $8700 now. Let's see how it pans out and I hope that we can go above $9K again or even $10K before the end of the month.

I don't think any of these factors are dragging bitcoin prices down. The real deal is about government regulations. It is the major reason bitcoin don't get the needed support to rally it price .

The recent day's price drop is completely because of the negative news that got generated. Whenever the price moves forward, someone will ignite a news leading to collapse the growth. Most of the time it overcomes the scenario, and at times it reacts to the speculation and drops low.

I think negative statement whale manipulation affect the price. Most of the people do not want to invest in bitcoin because they know that there are some people who hold the market and all they done only for their financial betterment. Why should I invest in such a currency which is not going on according to the market cap and there is huge up and down in the price.

I even think at first that there must be a price manipulation trick behind the Consensus 2018 event, but I guess its not possible.

Remember that only a few countries do have regulations in regards the industry, as a matter of fact, it is not directly to regulate cryptocurrency but to ICOs. It's indeed that some government do not allow nor do not consider crypto as a form of advance of Technology (Conspiracy theory, a technology in which they can't earn is not a technology at all.) There are a lot of factors to considers, anything we think could be a factor. Nonetheless that there are already facts that it isn't. At the end of the day, these are all speculations.

With anonymity behind every bitcoin, to say that the price is being manipulated is very speculative.

Not aware either about a mass sold out of any Korean Exchange, can someone tell me which exchange actually?

Indeed, Buffet and Gates' opinions could affect and influence many many big names in the economy (and even small ones too), as they have proven their thoughts' worth being colossal in the world of business.

Well for me it's natural. Its part of the fluctuation that defines this market and what drags bitcoin down may also be what may cause it to soar. Speculations, news, whale manipulation, these factors can either have positive or negative effects on btc

I think the 2 major reasons for the current decline are:

#1:
The failed attempt to break 10k $ / BTC. People still remember how the price didn´t manage
to break the resistance and since then the price has dropped. Traders just don´t see the
upside as of now and expect a prolonged bear market.

#2:
The upcoming failure of most ICOs and the looming threat of the classification
of major altcoins (XRP, ETH) as a security. If the SEC finally cracks down on these
projects this will have severe implications for the total market cap of the cryptocurrency
space. ETH and XRP will lose a huge percentage of their value and this will affect the
Bitcoin price, too (after all the rise of the altcoins played its part in the rise of
the BTC price).

However, this is actually good for the long-term future of Bitcoin. It is about time
that all the sketchy money grabs in the altcoin space finally die and people start to realize
that Bitcoin is superior to every single altcoin.

the value of a number of major digital currencies dropped following news broadcast of the plan to ban cryptocurrency trading by South Korea. this is one of the causes of the current price decline.

There are so many false news coming about bitcoin this would make the price decrease. News like bitcoin is going to be banned or ilegal. People get panic about this news and they are ready to sell their bitcoins. This will make bitcoin price down. Due to demand of supply in the market and people are not ready to invest due to this reason the bitcoin price is not stable. It goes down and then up so we cannot judge the market correctly.

is it just about FUD and if it is true like that it will not be possible all types of coins mhampir come down drastically whether this has anything to do with the supply of large investors in China?

Many fuds, banning crypto that really dragging bitcoin price in down. Yes it causes price decline so definitely others sells their btc. However, these case should changes to go high as price of btc is always like this ups and down.

Guys, I want to remind you that bitcoin is a marathon, not a sprint - we don't need to worry about the price of BTC in a day or week.
Sure, short-term we will probably go a bit down - but we will soon go into a new steep uptrend and go into a full bull market mode.
Don't listen to Buffer or Gates - these guys are icons of the traditional system linked to wall street, financial worlds and banks.

Bill gates and Buffet has nothing to do with it they are just the wealthiest people in the world that is saying that you should know what you are investing with even Bill gates said that "Big risk Big win" "If  you didn't understand that, that is your problem. It is the stake holder(investors) who keep selling even they are not  getting profit.

There's always some fake news that is coming out and most of us believes to that news and most people influence that news so that most of us making panic selling that's why bitcoin price is dropping.

Lots of negative news that accompanies news about bitcoin. That's why the bitcoin price is down and unstable. Some things can even make the bitcoin price drastically. One way we can do is to continue to use and trust bitcoin. This will increase confidence so that bitcoin prices will be stable and may increase.I

Because:
The shifting interest of Bitcoin users to other types of digital money such as Altcoin.
The occurrence of selling by many speculators which are usually caused by panic sales over the influence of FUD.

I think there are some influencial people or investors who are known as "whales", they plays a great impact on the price fluctuation of bitcoin. For making a huge amount of profit they sell their coins at cheaper rate and buy a large amount when the price is lower. Besides, a lot of fuds going on about bitcoin. This is also effecting the price of it

Of course not, so far no direct correlation has been found between bitcoin and any other market, because unlike conventional markets that seem to obey with certain degree of certainty to certain economic cycles, bitcoin follows its own dynamics , much more influenced by the rumors and the psychological aspect of the markets.

In addition, the behavior that bitcoin has had in recent weeks seems quite stable, so I can't distinguish any type of overreaction in the market to recent rumors. Perhaps the market has already become accustomed to the constant attacks against bitcoin, and they have made it much more resilient.

The number of unprofessional investors is too great. Lead to the (sell off) a lot. They participate as gamblers and want to get rich quick. Accompanying these are the bad guys taking advantage of the market to do something illegal. This leads to a large number of people who do not like the market. Supply and demand are not balanced.

I think it is beyond the dragging price thing, I think it is at a level where bitcoin is not kept under-priced and low by someone, I think it has been so long since the last big bull run that the price just got stuck here and instead of someone keeping it low it became more like someone needs to push it upwards.

Hence, instead of looking to blame whales for the price being so low and them keeping the bitcoin price low we should also check out how much transactions happens on exchanges and how little volume got and how the buy and sell is balanced and the price requires people to get in and buy in a rush for bitcoin to go up but no one buys like that anymore so it is kinda our fault instead of others.

usually the topic that makes bitcoin prices fall is from the topic of a ban from some governments in the country if there is a country that prohibits the circulation of bitcoin, the price will usually fall.

The decline in bitcoin prices caused by negative news made the market full of panicked sellers. Be patient the market will increase gradually, and if you can hold it you will benefit.