Reason Behind BTC Price Drop

[electronicash]

china has made it cool and had helped us buy the tokens we had been praying to dip for the last 3 months. look at the price of waves and lisk that you guys had been wanting to acquire. you should be thanking China for all these bargain they gave. forget Jaime the guy has been panicking for years already, let him be tormented by the btc price in the coming days.

[vitalife555]

Litecoin more faster grow anuxpencive, I dont understent why buing btc ??

[leirou]

As far as I know the main reasons for bitcoin going down in price is because of the ICO and BITCOIN exchanger regulations that China is working on in their country. It may also be a result of some corrections in price.

[free accounts]

all this news told us how government are so strong and can control every things specially china government and how alt coins are so weak  

[subSTRATA]

Bitcoin traders are so emotional omg. They don't hold on they sell in fear. I can see it rising back to where it was once people wake up and realize the world is not going to end anytime soon and you not going to lose all your money.

not bitcoin traders necessarily, just amateur traders. bitcoin and cryptocurrencies in general make it so easy for just about anyone to get into trading, all it takes is some coin, an account on whatever exchange, and the most basic knowledge on trading. that being said, 'anyone' entails  children that may just have an interest in bitcoin, have no knowledge about how international markets, stocks / asset exchanges, or even bitcoin's history with price fluctuations. it's only natural that these people, with so little experience in the crypto world, would panic at every minor or major price dip, having been lured in with perceived promises of endless profit and 'to the moon' or whatever. i guess they'll eventually learn, but then again, even more newcomers will fill their shoes eventually.

[rodskee]

the reason continue the btc price drop according to cryptocurrency new yesterday the china government announce to public the btc exchange are totaly banned in the china govenment starting september 30 2017, i'm a little bit worrying about this announcement and always i believe the bitcoin goes up again and again because i know more country want to invest in the cryptocurrrency so bitcoin continue the popularity as strongest in the cryptoworld.

[care2yak]

It's because of the massive sells in the Chinese exchanges like BTC China and ViaBTC. These two exchanges have announced their closure on Sept. 30 and have advised traders to move their assets and/or cash out before the said date. The dip is a good opportunity for us to buy.

[Leomarco]

It's because of the massive sells in the Chinese exchanges like BTC China and ViaBTC. These two exchanges have announced their closure on Sept. 30 and have advised traders to move their assets and/or cash out before the said date. The dip is a good opportunity for us to buy.

anyone knows why they close their exchange?
what is the reason so that their close their exchange?
it is make the market panic and the price is falling down and make the investors sell their bitcoin

[grumpygit]

Is this the near end for bitcoin though?

[Argon2]

We see that BTC is down to 28% in last 7 days which is result of FUD made of from China banning BTC. But this is not the case, instead china is banning ICOs without proper licensing and refunded all ICOs done on chinese exchanges like LLT and TRX on Binance. China ordered exchanges to get proper license before operation in China and these exchanges are still operative for International users. So We cannot say that China banned BTC instead they banned BTC exchanges to operate without licensing.
Another reason was the FUD made because of Jamie a CEO of a bank and then propagation of this news as a important highlighted news as on CNBC, Express tribune and other international News papers and News channel did. This seems like Banking system backed this news propagated it to make people scare of BTC so they can invest in banking system. BTC is a Bubble is word most used to make people scared about their money invested.
All FUD resulted in crypto currency down from 150billion $ to 112 billion $ in less than a month. People are scared of their investment but big old trader are saying this that this will rise again so don't panic and sell their bitcoin at low price to make a loss instead hold and u will see a big increase in price very soon.
This FUD happened many times in throughout history of BTC from 2011 specially china is banning BTC so do not panic sell if u want to remain in cryptocurrency.
What are your opinion about main reason for this price drop? 

Who cares? Cash is king in a bear market; if you did not cash out then... 

[Bacotan Bae]

it all started from the official statement of Chinese government that will ban the exchanger receiving bitcoin, I hope the Chinese government also consider the negative side because china is the biggest bitcoin user so if banned it will have an impact on increasing unemployment.

[agus sayadi]

It's because of the massive sells in the Chinese exchanges like BTC China and ViaBTC. These two exchanges have announced their closure on Sept. 30 and have advised traders to move their assets and/or cash out before the said date. The dip is a good opportunity for us to buy.

anyone knows why they close their exchange?
what is the reason so that their close their exchange?
it is make the market panic and the price is falling down and make the investors sell their bitcoin

There is any issue of the banned BTC by China government and many exchange in China were closed of that reason,, China government will banned the exchange to, that is why many bitcoiner from China sell their bitcoin now

[metenjean]

We see that BTC is down to 28% in last 7 days which is result of FUD made of from China banning BTC. But this is not the case, instead china is banning ICOs without proper licensing and refunded all ICOs done on chinese exchanges like LLT and TRX on Binance. China ordered exchanges to get proper license before operation in China and these exchanges are still operative for International users. So We cannot say that China banned BTC instead they banned BTC exchanges to operate without licensing.
Another reason was the FUD made because of Jamie a CEO of a bank and then propagation of this news as a important highlighted news as on CNBC, Express tribune and other international News papers and News channel did. This seems like Banking system backed this news propagated it to make people scare of BTC so they can invest in banking system. BTC is a Bubble is word most used to make people scared about their money invested.
All FUD resulted in crypto currency down from 150billion $ to 112 billion $ in less than a month. People are scared of their investment but big old trader are saying this that this will rise again so don't panic and sell their bitcoin at low price to make a loss instead hold and u will see a big increase in price very soon.
This FUD happened many times in throughout history of BTC from 2011 specially china is banning BTC so do not panic sell if u want to remain in cryptocurrency.
What are your opinion about main reason for this price drop? 

I think bitcoin has been a bit overpriced the last 2 months, historically bitcoin gain stability in range between $2500-$2700 but in last 2 months the price went triple and its just normal if the price having sharp decline as the issues concerning china hit the btc market, some old proverb i keep in mind was "Be fearful when others are greedy and be greedy when others fearful", so when people start to panic when the bitcoin dropped sharply, thats the best way to start analyze when to start to be greedy  

[waqarkahloon]

china has made it cool and had helped us buy the tokens we had been praying to dip for the last 3 months. look at the price of waves and lisk that you guys had been wanting to acquire. you should be thanking China for all these bargain they gave. forget Jaime the guy has been panicking for years already, let him be tormented by the btc price in the coming days.

it means jamie has no big effect according to you. China is a big effect but jamie also a small role as this news was wide spread on NEWS channels everywhere making common investors panic sell

[anamie]

I heard a lot of people talking about bitcoin , they scared and sell their bitcoins, I think this is a normal in cryptocurrency market.

[waqarkahloon]

I heard a lot of people talking about bitcoin , they scared and sell their bitcoins, I think this is a normal in cryptocurrency market.

BTC is back. Positive news are everywehre now and it made a bounce of 600$ in just 6H. what a time just in 6 hours.

[Zeke_23]

I heard a lot of people talking about bitcoin , they scared and sell their bitcoins, I think this is a normal in cryptocurrency market.

they are scared because of their past experience on it, if you get that experience before, the situation where bitcoin was about to bump or to decrease its price a lot of investors was panic to sell their token, they are all afraid to lose their money. so they sell it even in low value.but after many weeks, the price of bitcoin was doubled. not just doubled but even more. so they keep holding it even they are afraid to face the big risk or losing their money. they still believe that bitcoin will come back to high price.

[waqarkahloon]

I heard a lot of people talking about bitcoin , they scared and sell their bitcoins, I think this is a normal in cryptocurrency market.

they are scared because of their past experience on it, if you get that experience before, the situation where bitcoin was about to bump or to decrease its price a lot of investors was panic to sell their token, they are all afraid to lose their money. so they sell it even in low value.but after many weeks, the price of bitcoin was doubled. not just doubled but even more. so they keep holding it even they are afraid to face the big risk or losing their money. they still believe that bitcoin will come back to high price.

Big risk big profit

[shaninium]

The chinese exchanges led the sell off, their prices were lower so they prob moved their coins to exchanges outside of china to take advantage of the Arbitrage situation, to sell for higher price, which sent our exchanges dropping. The sooner this mess is behind us the better. We still got japan and korea, and more worldwide exposure due to this chinese pump this year, bring on the decentralized exchanges. We will be over 4k again in no time. Gold bug Jim Rickards and the corrupt banks can kiss our ass, we'll show em how resilient we are.

[Leesongsong]

We see that BTC is down to 28% in last 7 days which is result of FUD made of from China banning BTC. But this is not the case, instead china is banning ICOs without proper licensing and refunded all ICOs done on chinese exchanges like LLT and TRX on Binance. China ordered exchanges to get proper license before operation in China and these exchanges are still operative for International users. So We cannot say that China banned BTC instead they banned BTC exchanges to operate without licensing.
Another reason was the FUD made because of Jamie a CEO of a bank and then propagation of this news as a important highlighted news as on CNBC, Express tribune and other international News papers and News channel did. This seems like Banking system backed this news propagated it to make people scare of BTC so they can invest in banking system. BTC is a Bubble is word most used to make people scared about their money invested.
All FUD resulted in crypto currency down from 150billion $ to 112 billion $ in less than a month. People are scared of their investment but big old trader are saying this that this will rise again so don't panic and sell their bitcoin at low price to make a loss instead hold and u will see a big increase in price very soon.
This FUD happened many times in throughout history of BTC from 2011 specially china is banning BTC so do not panic sell if u want to remain in cryptocurrency.
What are your opinion about main reason for this price drop? 

s for me,I think bitcoin has been a bit overpriced for the last 2 months. Historically, bitcoin gains stability in a range of between $2500-$2700. But in last 2 months, the price went tripled and its just normal if the price having very sharp will decline as the issues concerning the China hits the bitcoin market. And also, China government will banned the exchange too that's why many bitcoin users from China are already selling their bitcoins as of now.