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Author Topic: Why bitcoin price is currently falling?  (Read 1878 times)
aretebit
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September 04, 2017, 07:04:57 PM
 #41

It's falling for diferent reasons like it climbed to $5k too fast without testing any support. But the most important reason is because the trollbox was restored.  Grin

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September 04, 2017, 08:38:39 PM
 #42

Hi guys. About current fall in bitcoin price. Is that because China banned the ICOs? If so, why did it rise before that? Can you guys please recommend some books to read which explains about the factors influencing bitcoin price? Thanks in advance
The answer is very simple, it's the fud which is created and then the people are panicked that they will lose the money in bitcoins since China was the major driving force of bitcoins. But when the panic selling is over the bitcoin price will recover pretty easily.
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September 04, 2017, 09:42:51 PM
 #43

I don't believe a the ICO news had anything to do with Bitcoin selloff. If you see a connection then please show us your reasoning.
IMO the price has grown by too much in a very short period of time and there had to be a correction. We had one not long ago and the price has recovered and reached a new ATH, which was followed by another selloff right before $5000, a nice round number. Why would people choose exactly $5000 to sell? If it were to be influenced by the news from China a dump would begin at some random price. $5000 proves it was traders taking their profit, nothing to worry about.
I bet we'll follow the pattern of the previous correction and recover within 2 weeks. 

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September 04, 2017, 09:46:37 PM
 #44

I agree, people are cashing out.
However, every drop is also a opportunity to buy the coin for a cheap price. I wonder, what the lower limit is and how long the "fall" will last. Maybe, it's just a small drop within the bullish way up. Chart does still look ok.

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September 04, 2017, 09:48:23 PM
 #45

Cheap in relation to the ATH maybe, but you can hardly call it cheap when you look at the swings and rise it went through already in a short period of time.
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September 04, 2017, 09:49:20 PM
 #46

Chinese government have the power to create positive and negative swings in the crypto-market as we observed in recent times. Hopefully, they will embrace the crypto world soon which could trigger a bullish market soon. Smiley
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September 05, 2017, 03:40:04 AM
 #47

the btc price down due to China banned the ICOs?

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September 05, 2017, 03:46:23 AM
 #48

So, there's not a book about the prices of bitcoin. I read some articles about previous bitcoin crashes. China's decision seems to have an influence on the price. But, most spectators agree that price is already falling even before their announcement. By announcing  at the right time, they can show their role in cryptocurrency. In other words, cryptocurrency can be the ground where governments do their power play. In addition to crypto's genuine potential, it will be no wonder, bankers will soon totally dive into crypto world. Still, the influencing factors of the price are unclear. I think buying and selling volumes explain much better.
P.S the thing about round number noted. Smiley

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September 05, 2017, 03:55:07 AM
 #49

Those replies at the top of me and before they have a point, after it reach around 5000$ this past few days many have sold they're bitcoin and their might be a huge numbers of bitcoin holders that do it the same time. So it's natural for bitcoin to fall its value and in that way many will buy back again in no time. And then it will be increasing again that is the cycle of bitcoin. That's how trading works.
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September 05, 2017, 04:23:49 AM
 #50

It's normal that bitcoin price is falling because bitcoin is popular for its volatility . bitcoin is a decentralized currency that's the reason why bitcoin price is randomly rising and falling. it depends on the demand . if the demand of bitcoin is high. bitcoin price will rise too . but when bitcoin users cash out their bitcoin mostly bitcoin price used to fall. panic selling cause bitcoin price to fall.

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September 05, 2017, 09:07:00 AM
 #51

This was just a sell of btc has reached it's highest mark but because the price has increased by a big margin the fall would occur. If you check fast whenever the price increased unexpectedly fast there has been a fall though this might be the biggest fall of all time just wait for a week the market will slowly start recovering.
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September 05, 2017, 10:31:46 AM
 #52

The rise got nothing to do with china banning, china banning was the one that caused the price falled down, people are afraid the government is going to take the next precaution step by banning all coin so there was a panic sell and this situation caused the traders to hold their transactions, I think you can read this online, there is no book written this kind of incident yet, but this situation will recover again just give it some times


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September 05, 2017, 11:01:49 AM
 #53

Hi guys. About current fall in bitcoin price. Is that because China banned the ICOs? If so, why did it rise before that? Can you guys please recommend some books to read which explains about the factors influencing bitcoin price? Thanks in advance


The rise was because of hype that was generated due to media attention to bitcoin, and that was initially because of bitcoin's price skyrocketing. So the rise in bitcoin's price is actually sort of a positive feedback loop that involves bitcoin price and media coverage.

Nothing to do with China banning ICOs. Reason it fell so quickly was because that China essentially out of the blue decided to ban ICOs without prewarnings.  These things can't be taught in books because they can't be known before the actual announcement gets released.

 I don't think that you need to worry about the fall too much though. BTC is comfortably rising up once again, and i think we shall make a near full recover soon.














 

 

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September 05, 2017, 11:50:48 AM
 #54

In my own understanding I attached the recent decline in the market value of Bitcoin to the fources of demand and supply, which is always the significant factors that affects the upward and downward trend of Bitcoin. Except on rare occasions that fundamental events affect its value. Just as you mention the events in China.
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September 05, 2017, 11:56:25 AM
 #55

I think that the statement of China could allow speculators to create market panic and buy bitcoins at low prices. I have a question why do you say that the price drops. Have you forgotten that before this price is increased by several thousand dollars. It may be an ordinary correction.
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September 05, 2017, 01:41:16 PM
 #56

I think because there is issue that ico will be banned in China so many investors sell their bitcoin and make the price is fall.
But im sure that its just a moment. Bitcoin can up again


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September 05, 2017, 01:50:31 PM
 #57

Hi guys. About current fall in bitcoin price. Is that because China banned the ICOs? If so, why did it rise before that? Can you guys please recommend some books to read which explains about the factors influencing bitcoin price? Thanks in advance
No, isn't because china banned the ICO. the price fall because some people has sell their coin for take a profit, no more reason for it. Maybe you always see bitcoin price on china market always below from other market but it can not be used as a reference to make a prediction.

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September 05, 2017, 01:59:25 PM
 #58

Hi guys. About current fall in bitcoin price. Is that because China banned the ICOs? If so, why did it rise before that? Can you guys please recommend some books to read which explains about the factors influencing bitcoin price? Thanks in advance
i think the bitcoin price are not affected about the ICO china banned its only an issue i don't know that is true, maybe now bitcoin currently because of income another hard fork, and again i believe the bitcoin goes uprise again.
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September 05, 2017, 02:44:38 PM
 #59

Hi guys. About current fall in bitcoin price. Is that because China banned the ICOs? If so, why did it rise before that? Can you guys please recommend some books to read which explains about the factors influencing bitcoin price? Thanks in advance
No, isn't because china banned the ICO. the price fall because some people has sell their coin for take a profit, no more reason for it. Maybe you always see bitcoin price on china market always below from other market but it can not be used as a reference to make a prediction.
a lot of factors actually , and the ICO ban could be one of the factor. a lot of people believe that it is the reason why bitcoin falling , but there is another reason too and it was about the high price , there some old bitcoin address moved and believed looking to sell them all.

an early adopter seems interested to sell their bitcoin now .

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September 05, 2017, 03:25:37 PM
 #60

I think because there is issue that ico will be banned in China so many investors sell their bitcoin and make the price is fall.
But im sure that its just a moment. Bitcoin can up again

A lot of people who purchased Bitcoins in mid-July for sub-2000 levels are selling all or part of their coins and booking profit. A major correction is due, but even in this occasion, the decline is not very sharp. A reason for that may be continuing high demand from the investors. Right now, the demand outstrips supply by a good margin.

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