|
putrii
|
 |
March 28, 2018, 08:54:45 AM |
|
What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
it seems that what makes the price down is because of bad news that attack bitcoin and the politics that interfere in bitcoin world that makes bitcoin prices to collapse hopefully bitcoin can quickly do back up reflection. |
|
|
|
|
|
|
|
|
|
|
|
|
|
TalkImg was created especially for hosting images on bitcointalk.org: try it next time you want to post an image
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
imapessimist
Jr. Member
 Offline
Activity: 266
Merit: 1
|
|
March 28, 2018, 10:47:10 AM |
|
I think the day traders are helping to keep the price down. And a lot of people aren't buying because there isn't certainty that the price will rise significantly any time soon. But we'll need to wait a few more weeks to see what the general trend is whether it's upwards or downwards. I think this time it's really hard to predict which. I think it will just hover. So hover, spectacular rise or almighty crash. Who knows this time.
|
|
|
|
|
DerekVazz
Newbie
Offline
Activity: 66
Merit: 0
|
|
March 28, 2018, 10:51:07 AM |
|
What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
Bitcoin was overbought during a hype. Its just price correction that we are witnessing here. |
|
|
|
|
Denker
Legendary
Offline
Activity: 1442
Merit: 1014
|
Its still just adjusting back to a more reasonable price after the crazy pump.
Best answer I've read in this thread so far. We should start to accept that the rise to $20k per coin was just way too much and therefore a correction was overdue. And that's what we are seeing now. Buyers and sellers are arguing what a fair, reasonable price for BTC should be. |
|
|
|
|
|
Saidmod
|
|
March 28, 2018, 11:16:13 AM |
|
What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
Its all of the above as every news that is related to crypto either it is good or bad expect there is a changes in price. News is powerful and all of a sudden whales follow the news so that they can make advantage into it and earn more. |
|
|
|
|
Baoo
|
|
March 28, 2018, 11:47:00 AM |
|
Actually, many believe that the main reason for this global dump or fall on the market is Google and Facebook banned the crypto ads, and it is true that because of these problems there is a decrease in all currencies, but it is a small decline may be between 2% 3%.
Furthermore, for me, the main reason for this spread crisis, which it is the majority of capitalists who have a large proportion of cryptocurrencies amounts (particularly, Bitcoin) are manipulating with the market, so they certainly sold a large proportion of their money, to buy again when there was a big drop, in order to secure or ensure a big profit in the future.
|
|
|
|
|
|
warrior333
|
|
March 28, 2018, 12:28:58 PM |
|
I don't see any dump right now. On the contrary, it seems to me that now there are all prerequisites to turn on the pump. But it will only be in a few months. All this time we will be forced to save. Bitcoin does not lose its popularity. the lower the price of bitcoin is now the higher its growth in the future. Profit will only whales and the most patient users.
|
|
|
|
|
surfinonmyownwavebaby
Full Member
Offline
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
|
|
March 28, 2018, 05:46:03 PM |
|
OP, the same that caused the dump of the dotcom bubble? But would the reasons "why" matter to you today? They won't, right? All we saw was the crash weeded out the bad companies and left only the good, like Amazon.
Perhaps that is just what we are doing right now, weeding out the crap coins. I can't imagine institutional money getting into shitcoins for the reason that they are shitcoins. They will see through the bs, and I don't think we are gonna experience anything like 2017 ever again. The coming out party is over it seems, and we gotta align our sights in a reasonable and realistic fashion from here on out. Shitcoins are gonna die soon, try not to have too many of those in your portfolios. |
|
|
|
|
iram1011
|
|
March 28, 2018, 06:05:29 PM |
|
There have been many news and FUD in past some months that have collectively lead to a dump. But the major reason is the bulk sell off of Bitcoin by Mt Gox and by the hackers of Japanese exchange Coincheck. The hackers hacked Japanese exchange Coincheck and stole 58 billions of Yen (around 533 millions of USD).Then Coincheck promised to return everything back and then started to pay. But they mentioned that stolen amount is of 400 millions of USD, instead of 533 millions of USD.This exchange can be blamed for BTC dump, because for the last month and half there were transfers from cold wallet of upto 23k BTC (balance was decreased from 60k BTC to 37k BTC).
They are selling in small amounts, but constantly. The recent dump of past two days happened because of this sell off. They are still left with 37k BTC.
If we take 533 millions USD and divide to to average BTC price of 9k$, then it will be 59k BTC and dump could continue.
|
|
|
|
|
|
Xardasim
|
|
March 28, 2018, 07:32:36 PM |
|
The reason for the fall could be Facebook, Twitter or Google or anything, but, there is no reason. Perhaps, there is a several reasons that we don't know, maybe the governments have found the way to intervene. In my opinion, correcting the situation is not can happen by us, but we should look at future and act accordingly.
|
|
|
|
|
|
