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Author Topic: Why bitcoin is getting down ?  (Read 1396 times)
intbtc
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September 15, 2017, 07:03:08 AM
 #1

Now bitcoin is in lowest price in last month .
Why bitcoin is getting down ?
You think till what time this falling price ?


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September 15, 2017, 07:15:49 AM
 #2

It is due to the rumors in media. Last week China central bank put a ban on fundraising for ICOs and they did not say that it is going to ban bitcoin. Yesterday an exchange called BTCChina closed its services for china and investors in panic start selling bitcoins so the price drop. According to other exchanges in china they do not receive any instruction from central bank of china and are operating normally. So in my opinion the decline in price is for short term and it will go up. 
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September 15, 2017, 07:19:01 AM
 #3

It is due to the rumors in media. Last week China central bank put a ban on fundraising for ICOs and they did not say that it is going to ban bitcoin. Yesterday an exchange called BTCChina closed its services for china and investors in panic start selling bitcoins so the price drop. According to other exchanges in china they do not receive any instruction from central bank of china and are operating normally. So in my opinion the decline in price is for short term and it will go up. 
Isn't BTCChina one of the largest exchange in China? One thing for sure is BTCChina won't just shut down by itself if there's "nothing" going around. Who doesn't love money?? I hate FUD but just saying that the rumor might not be rumor afterall.

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September 15, 2017, 07:21:19 AM
 #4

Actually I'd like the Chinese to leave the market afterall.. We are just fed up with this shit they're creating each and every time. The market wouldn't be so volatile with their "I'm leaving... or am I?" news again and again. Actually, this time I'm hoping they will leave for good and btc prices fall below $2000, so I can buy more actually Grin

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September 15, 2017, 07:23:26 AM
 #5

2 reasons:

1. China banned ICO exchanges and BTCChina announced that they are stopping all exchanges on 30th September.
2. jp morgan's comment about btc being a fraud.

Easy as that.

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September 15, 2017, 07:28:24 AM
 #6

The Chinese government has issued a notice banning all residents from investing in ICO projects and crytocurrency transactions including BTC, but no formal announcement has yet been made. This made investors fear and they decided to withdraw money from the market

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September 15, 2017, 08:14:25 AM
 #7

The Chinese government has issued a notice banning all residents from investing in ICO projects and crytocurrency transactions including BTC, but no formal announcement has yet been made. This made investors fear and they decided to withdraw money from the market
Everyone is leaving, just leave those who don't believe in bitcoin s those who will be left will remain and only those qho trusted btc can get the benefits it will give for the next few years. It's not China who will rule the crypto world there are more countries behind that can make it recover.


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September 15, 2017, 06:16:58 PM
 #8

2 reasons:

1. China banned ICO exchanges and BTCChina announced that they are stopping all exchanges on 30th September.
2. jp morgan's comment about btc being a fraud.

Easy as that.

I doubt that JP Morgan's comment regarding BTC had that much of an impact to be honest. I don't think there are many Bitcoiners around that care much for banker statements. People that do listen to such statements didn't buy in in the first place.

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September 15, 2017, 11:18:21 PM
 #9

The Chinese government has issued a notice banning all residents from investing in ICO projects and crytocurrency transactions including BTC, but no formal announcement has yet been made. This made investors fear and they decided to withdraw money from the market
Everyone is leaving, just leave those who don't believe in bitcoin s those who will be left will remain and only those qho trusted btc can get the benefits it will give for the next few years. It's not China who will rule the crypto world there are more countries behind that can make it recover.


China is not a crypto ruler but I think china has a big influence and contribution to bitcoin price development, because the facts with bitcoin bans issue in the country can make bitcoine business panic to attract some of their investment which causes bitcoin price down to 55% previous.

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September 15, 2017, 11:54:49 PM
 #10

2 reasons:

1. China banned ICO exchanges and BTCChina announced that they are stopping all exchanges on 30th September.
2. jp morgan's comment about btc being a fraud.

Easy as that.

I doubt that JP Morgan's comment regarding BTC had that much of an impact to be honest. I don't think there are many Bitcoiners around that care much for banker statements. People that do listen to such statements didn't buy in in the first place.
They are just didnt honestly what helps of bitcoin they are just saying they even don't know what bitcoin works and why the price was increase fast and huge decrease too base on what i read in some blog post or i think in forbes and its related on bank state that honestly they are encourage other people to don't buy bitcoin instead selling it because bitcoin is volatile according to him..
And i think the price was honestly drop when they are seeing some ICO's are delisted in exchanges until exchanges was closed..
For now better to move on this is a normal issue since bitcoin is getting more trends in the internet and more people right now choosing bitcoin..

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September 15, 2017, 11:55:56 PM
 #11

Now bitcoin is in lowest price in last month .
Why bitcoin is getting down ?
You think till what time this falling price ?




there are rumors about china want to kill bitcoin is no stranger anymore, until rumors about china finished bitcoin prices will remain as now just up slightly down slightly will not go down to death.

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September 16, 2017, 01:00:28 AM
 #12

Now bitcoin is in lowest price in last month .
Why bitcoin is getting down ?
You think till what time this falling price ?




bitcoin prices have declined due to the impact of the Chinese government statement. but now the price has started toward the positive track. the price will go to 3800 $ and we all certainly hope will quickly pass 4000 $. this can make comfort for all of us and very profitable for traders who have bought bitcoin at the price of 3000 $.

                                                                               
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September 16, 2017, 01:01:12 AM
 #13

Now bitcoin is in lowest price in last month .
Why bitcoin is getting down ?
You think till what time this falling price ?

Well there are various reasons. First of all the rumour generated from a Chinese news site that essentially said that China was going to shut down all the exchanges. Then, BTCChina decided to close down shop.

Before that, ICOs were banned. Essentially a lot of regulatory concern regarding bitcoin.

Currently we are in a nice recovery mode though i'm not sure if it'll last long. I think that price will adjust to sub-$3000 soon, and bearish market could last a few months.

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September 16, 2017, 04:41:33 AM
 #14

Bitcoin getting down is  a rumors by media because it's price was slightly decreases because of chinese government banned the bitcoin in China. So that every people was worried about bitcoin and it getting down.

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September 16, 2017, 05:19:41 AM
 #15

Now bitcoin is in lowest price in last month .
Why bitcoin is getting down ?
You think till what time this falling price ?





It is because of China dude, the China government ban ICO and also all local bitcoin exchanges on China. That's why the price of bitcoin crashed so hard in this week, but thank god the price of bitcoin start increase again on yesterday until now and i hope the price will keep increase back to $4,500.
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September 16, 2017, 05:46:12 AM
 #16

There is a rumors going around that bitcoin and others cryptocurrency activities will be proscribe in China on the social media especially reddit. To me this is a fake news and we should take it as such. Many panic traders are selling they bitcoin now because of the fear that the whales are going to drop there coins and cause the price of bitcoin to clash. We must not allowing ourselves to be using in bring bitcoin down.

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The_Dark_Knight
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September 16, 2017, 10:42:04 PM
 #17

Now bitcoin is in lowest price in last month .
Why bitcoin is getting down ?
You think till what time this falling price ?




Bad news have been coming from China all week and when you add the fact that there are people in the forum that love to spread FUD then it is no wonder the price got down so quickly but after that the price of bitcoin has recovered somewhat and I think everything is going to go back to normal in the next days and weeks


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September 16, 2017, 11:57:12 PM
 #18

Now bitcoin is in lowest price in last month .
Why bitcoin is getting down ?
You think till what time this falling price ?




Bitcoin together with altcoins are down because China banned ICOs and Bitcoin exchange. And since China is one of the biggest investors of all cryptocurrency for sure losing it will lead to downfall. It is one of the major influences on the market. But gladly, bitcoin is now recovering. We'll just hope that it will be continuous to get back from the dump.

Tra

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Eugenar
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September 17, 2017, 03:55:53 AM
 #19

Now bitcoin is in lowest price in last month .
Why bitcoin is getting down ?
You think till what time this falling price ?




The reason is that China, one of the biggest investors of cryptocurrency, banned ICOs and Bitcoin exchange. This resulted to a continuous dumps on Bitcoin's market value. the lowest price I think is 3350$? something close to that. But the good thing here is that, it is again rising from the downfall. We just need to patienly wait until everything's back to 'normal'. And hoping that the pumps will be continuous.

Indrawan77
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September 17, 2017, 04:41:21 AM
 #20

It was because of the fud news about china closing the exchanger but now the price has gone up but the price still very unstable, so if you want to buy or trade you need to approach with caution, but for long term it supposed to be going up, but let just see what china's government will try to do again

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