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Asmonist
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October 26, 2017, 11:24:55 AM |
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The Law of Supply and Demand in Econimics. When of supply is greater than demand, the value of the product drops. Same with Bitcoin, when the number of sellers is greater than the number of buyers in a trade, the tendency is the price of it will be pulled down.
Major occurrences like the banning by China caused traders to give up their positions and that affected the price.
Exactly it is! When the demand decreases the price falls when the supply is higher. I think the demand now is already increasing that makes the price rise since the supply is insufficient. Many people now are interested to join bitcoin. So we must probably encourage everybody to join to increase the demand and bitcoin price will rise too. |
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Creepings
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October 26, 2017, 11:25:50 AM |
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Bitcoin drops because Jamie Dimon wants it to, to let his daughter buy them cheaper.
Well, that is how you put it sarcastically. From the time I am using bitcoin, the time bitcoin prices go down is when the bitcoin price pumps and many investors and users thinks that the price is satisfying or that is their goal so they sell their bitcoins. I've experienced that last month where in the price hit the ATH, I am so happy, after some couple of hours the price goes down, well, that is the obvious reason, a lot of people sold their bitcoins. |
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harbin55
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October 26, 2017, 11:29:46 AM |
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I have an opinion that the causes of BTC prices are down:
some people make negative issues like what JP Morgan did.
in addition, some technical and network improvements can make BTC prices fall.
like hardfork in last agusutus.
yeah i agree with your opinion alot of people make bad issue about BTC they dont know alot of people using BTC to Earn a living!!!! |
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qwertyup23
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October 26, 2017, 11:36:07 AM |
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I have an opinion that the causes of BTC prices are down:
some people make negative issues like what JP Morgan did.
in addition, some technical and network improvements can make BTC prices fall.
like hardfork in last agusutus.
yeah i agree with your opinion alot of people make bad issue about BTC they dont know alot of people using BTC to Earn a living!!!! Not to mention, there are a lot of external factors that affect the prices of bitcoin and contribute to its high volatility. Like you mentioned, hard forks, ICO prohibitions from countries, bitcoin ban on a country, and also by applying the law of demand and supply. Last month, bitcoin prices dropped significantly when China announced that they will ban ICOs in their country, which resulted to a massive impact on the global market of bitcoin due to the sheer volume of people who invested in that country. Lastly I want to point out that despite the irregularities and dropping of prices, bitcoin would regain its value in the market by attracting new investors per day. |
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MetalGear
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October 26, 2017, 11:36:37 AM |
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I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.
The price bitcoins decreases whenever the demand decreases. The decrease in demand is caused by the countries banning bitcoins, news propaganda against bitcoin, and the affect of fork to the public. But the volatility of bitcoin circles more in the buy and sell business or the short term investments of many online users. |
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RamBahadur.Gurung
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October 26, 2017, 11:40:02 AM |
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I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.
The price bitcoins decreases whenever the demand decreases. The decrease in demand is caused by the countries banning bitcoins, news propaganda against bitcoin, and the affect of fork to the public. But the volatility of bitcoin circles more in the buy and sell business or the short term investments of many online users. Demand remains almost stable. It is the major dumps which is affecting the exchange rates. The market cap of Bitcoin is still small enough for the market bears to manipulate the exchange rates through mass dumping. |
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Rinaze
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October 26, 2017, 11:42:42 AM |
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One of the most common and logical explanation would be investors trying to cash out their principal amount (or at least part of) when there's profit to be taken. With that cashout, they could proceed to invest back in altcoins or choose to enter Bitcoin again at an even lower entry point.
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worle1bm
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October 26, 2017, 11:47:47 AM |
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BTC is volatile currency as we all know but the reasons behind price downfall are :
1.)Some negative words said against bitcoin by some renowned personalities which make people loose their faith in BTC and they withdraw their money
2.) Hard fork also have their affect on BTC
3.) According to supply and demand of bitcoin in economy if sellers are more price falls and vice-versa
There are some other reasons also which cause downfall to its price
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Riya R
Member
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Activity: 84
Merit: 10
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October 26, 2017, 11:57:35 AM |
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I think the major reason for the fluctuation depends on the Law of Demand and supply. There may be some specific reasons or it may depend on certain situation, but basically the forces of demand and supply always have hands on the price.
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Nanda Dewi277
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October 26, 2017, 01:54:51 PM |
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maybe too many people are doing sales and few buyers. or it could be because of panic sell and I've done that.
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Virman01
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October 26, 2017, 02:00:57 PM |
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hai Guys...
If I think the fall in bitcoin prices is caused by several factors, such as if the number of sellers is greater than the number of buyers in trade then the bitcoin price will go down. CMIIW
Thank You
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rodel caling
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October 26, 2017, 02:11:31 PM |
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sometimes the reason of bitcoin falling down because they face trials like the china banned rumor of exchange bitcoin is totally dump the people panicking investor withdraw fund and sell the bitcoin investment.
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Mbah Djoko
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October 26, 2017, 02:22:08 PM |
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Many reasons why bitcoin drops, but generally it is said that this is according to the law of the market is decentralization, if demand rises then the price goes up and vice versa.
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great
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Faxmate
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October 27, 2017, 01:55:47 PM |
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It seems like some of the funds which flowed in to Bitcoin from the other altcoins (in anticipation of the Bitcoin Gold airdrop) is now moving back to the alts. But I am glad that the Bitcoin market dominance is still more than 55% (I was expecting 60%, but still it is much better than the previous levels). Also, if you include the market cap of Bitcoin Cash, then it goes up to 59.2%. And when Bitcoin Gold gets listed, I hope that the combined market cap of BTC+BCH+BTG will be more than 60%.
I think it’s not drop that much as you are saying because bitcoin price is high but if you think its price is drop so I think it’s a part of market trade some time it will be high and some time it will be low so no need to make panic its normal because bitcoin is a digital currency and its connected with market it will be high soon just need little wait. |
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MoonJeina
Sr. Member
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Activity: 652
Merit: 250
Make winning bets on sports with Sportsbet.io!
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October 27, 2017, 02:15:05 PM |
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There are many reasons why bitcoin price drops .
The bitcoin is totally dependent on its buyers and sellers and they are the main factors that decide the current value of bitcoins . The negative influence of governments on bitcoin can also be a big reason why it drops . All the bad exposure and controversy that is related to bitcoin causes a fear in the mind of bitcoin users which directly affects is market value .
Another reason of bitcoin drop can be hard fork .
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jayhawk1
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October 27, 2017, 03:33:46 PM |
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I would like to know your opinion on what factors cause the value of Bitcoin to drop. A brief explanation helps.
It's all about supply and demand that affect the bitcoin price if more people starts selling their coins when demand for the bitcoins is low then price will drop and vice versa but sometimes prices can also drop or rise when group of people holding large amount of bitcoins trying to affect the market by either selling or buying bitcoins together. Yes the value of bit coin is wholly solely dependent on the supply and demand relationship when the supply is less than the demand then price drops while when the demands are higher than the supply then the rates and prices rises up. |
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gesdan
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October 27, 2017, 03:40:35 PM |
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fake news is the biggest cause of down or rising bitcoin prices, unaccountable people usually use this way to get traders confused to buy or sell their bitcoins, which causes traders to panic sell, so panic sell make that bitcoin price is down, mya dvice to trader is dont do panic sell kepp calm and watch the candle stick
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yurekaa
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October 27, 2017, 03:43:57 PM |
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I think the reason is that whale wants liquidity to take profit, besides there is another reason that bad news to bitcoin causes panic selling of traders, most of the bad news usually comes from china, but the end of this has been eased  |
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Hobo66
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October 27, 2017, 03:50:05 PM |
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I would say the reason the fall of bitcoin price would be the huge sell orders in the crypto exchange market trading each day by investors. And the fact of the matter is without bitcoin falling no one could profit from it.  |
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Superzpay
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October 27, 2017, 11:34:24 PM |
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There's some reason for bitcoin price to going down usually it's because people sell bitcoin in high value or if an country ban bitcoin it'll make people panic and sell their assets.
yeah as the law of economics; if the supply of any product is greater than demand of people. The prices will automatically go down. We can take the example of China why the price of bitcoin goes down. But Bitcoin price fluctuate within the passage of time. If we read the growth chart of the Bitcoin It is very rare happened that price of bitcoin goes down. But its recover time is too fast. |
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