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Author Topic: Why bitcoin price is currently falling?  (Read 1824 times)
Netnox
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September 05, 2017, 03:25:37 PM
 #61

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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September 05, 2017, 04:38:07 PM
 #62

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 .

Ya some what right.May be due to China ICO fall the bitcoin price may reduce. It also due to the old bitcoin sold bulky for the profit. If they have hold lot of bitcoin for long means they forced to sell when the price is high.For the profit you must sell when the price is higher. It may again the price will change.
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September 05, 2017, 05:25:02 PM
 #63

well, many things can cause bitcoin prices to fall. like yesterday. I think it is influenced by china. but, now it is back to normal, although many altcoin have not returned to their original price. well, there could be panic selling. the bitcoin price drops depending on the circumstances.

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September 05, 2017, 05:31:22 PM
 #64

It falls because people sell Cheesy

It's most likely falling because it reached a round number (5000) and many people use round numbers to cash out. Besides, after the recent rise, a correction was due... So everything is following its "natural" course. I don't really think the ICO situation played a role.

I don't think there are books on the subject.
More importantly it is selling by few people and followed by masses or rather its the panic and fud which created people to sell. But then people buy a lot too and bitcoin reaches so high with days, so there is always a time when there is a little awkward news and sell panic will show up.


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