alfwat (OP)
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January 12, 2018, 05:18:15 PM |
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Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
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zxl912157
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January 12, 2018, 05:48:38 PM |
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I heard this was a result of the Korean issue of closing the trading exchanges there. but it has been clarified that it is a lie.
I am sure BTC will rise again.
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roderickniklas
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January 12, 2018, 05:50:03 PM |
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I think the bitcoin will not go back to the price of 1USD = 1BTC as you say. maybe for now bitcoin does not happen rapid price movement for now due to new year yesterday already many who do the sales and use it for life in real. so I think for a while bitcoin will not happen movement. but it's not forever and declining because of enthusiasts, bitcoin lovers will come back me to play it back.
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mk4
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January 12, 2018, 05:53:14 PM |
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Will it go back to 1USD =1BTC ?
Are you serious. Bitcoin rose from $5,000 to $20,000 from mid November to mid December. And you're thinking of 1USD=1BTC? What we're getting right now is a healthy market correction, as seen on most assets that has risen too much in price in a short span of time. We're still in a very good position at the moment with the $13k-$15k price mark. I think you need to take a look at the bitcoin graphs[1] and see for yourself.
[1] https://coinmarketcap.com/currencies/bitcoin/ |
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Nabilog
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January 12, 2018, 07:40:35 PM |
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Seems all the coins’ price have a negative result in past few days.
It could be affected after the South Korea announce that they will ban cryptocurrency.
Maybe the south koreans have a massive sell out after the announcement.
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cryptodzoni
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January 12, 2018, 07:52:23 PM |
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I think the bitcoin will not go back to the price of 1USD = 1BTC as you say. maybe for now bitcoin does not happen rapid price movement for now due to new year yesterday already many who do the sales and use it for life in real. so I think for a while bitcoin will not happen movement. but it's not forever and declining because of enthusiasts, bitcoin lovers will come back me to play it back.
That, my friend is not possible. Dont panic, this is just a market correction. Everything will be fine soon. This is perfect time for buying |
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Yakamoto
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January 12, 2018, 07:57:40 PM |
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I heard this was a result of the Korean issue of closing the trading exchanges there. but it has been clarified that it is a lie.
I am sure BTC will rise again.
The market wouldn't have been hit THIS badly and over such a long period of time if it was because of something as minor as the SK government saying they were slowing trade. I would expect that there is a much higher chance that this is the market slowing itself and returning to what should be "normal" for Bitcoin after a crazy few months where absolutely everyone was trying to invest in cryptocurrencies in some form or another. SK would have had an impact, and maybe that's what the $14k to $13k drop was, but that has recovered, mostly, by now. I'm not saying that South Korea isn't significant, but I don't think it is as significant as people are trying to paint it as. |
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btcmayumana
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January 12, 2018, 08:08:13 PM |
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I heard this was a result of the Korean issue of closing the trading exchanges there. but it has been clarified that it is a lie.
I am sure BTC will rise again.
This seems to be coming true. Reported from https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html'South Korea's justice minister said that the country is preparing a bill that will ban all cryptocurrency trading' Such an issue once occurred when China began to resist the same thing, but the market responded with this negative sentiment of news and Bitcoin prices continued to rise until the end of November, 2017. Could be this will happen again, we're still waiting what will happen soon. |
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lenarichi
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January 12, 2018, 08:27:33 PM |
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bitcoin fell 4,000 dollars in four days due to bad news from China and South Korea alone, where they are going to ban e-currency trading on exchanges.South Korea is the center of crypto-currencies. It is here that 20% of all world bitcoin transactions occur, while prices on South Korean exchanges are usually 30% higher than the world average. Local authorities are angry that crypto-instruments do not pay taxes, so fighting with them is serious. The police have already repeatedly searched the stock exchanges engaged in trade in crypto currency, and simply in every possible way tries to interfere with them. It is possible that the whole of 2018 will be under the sign of pressure on the e-currency by state regulators and attempts to control the conditional bitcoin. After all, any fluctuation in the market for knowledgeable people promises a serious profit
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Skieleton
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January 12, 2018, 08:33:39 PM |
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Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
BTC is uncertainty all the time. Negotiations are very positive this year, but everything is possible. It seems to me that 1 $ exaggerates ... |
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YuginKadoya
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January 13, 2018, 10:21:51 AM |
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The value of bitcoin is very solid right now and I don't think it will not drop back to the $1 dollar so don't be scared and if this is because of the news in the main stream and social media about bitcoins getting ban on different country and that many investors are switching to Altcoins I think this is all FUD that really want to scale the value of bitcoin just don't believe and hodl in your bitcoin because when bitcoin momentum gets back you will be surprise of another bullish trend it can make.
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Drixy
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reading.......
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January 13, 2018, 12:21:24 PM |
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Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
Man too negative about it. We know it wont be possible as that many Bitcoiners from the past years have invested on Bitcoin but failed to redeem their money and others hot hacked or lost their keys or pass to their wallets. And it is not likely to go around $1 once again. |
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lablab03
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January 13, 2018, 12:25:44 PM |
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Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
as the matter of fact because of the demand of supply in the market which is the common reason why bitcoin price increasing and decreasing. Which the price will drop when some of the bitcoin holders sell and the price will increase when more bitcoin still holding or more investor will adopt bitcoin. And about your question bitcoin will go back to 1USD=1 BTC? Well mate its impossible to go back on that stage since bitcoin is so expensive nowadays. |
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Harlot
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January 13, 2018, 12:35:05 PM |
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It is just a minor correction and not a crash which was greatly timed by the news about the Korean Government banning cryptocurrency exchange which was quickly corrected that only illegally operated ones will be banned and shut down. But if you really know trading you won't be asking this kinds of questions as you will know the answer to your question. And for your thought that Bitcoin will head back to having a dollar value I don't think so, with the cryptocurrency market growing many people will take the chance to ride even if its priced at 7,000$ by now or even at 10,000$
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marcbitcoins
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January 13, 2018, 01:01:03 PM |
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Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
This was due to the Prime Minister of South Korea declared that they will ban the use of all digital currencies in which resulting Korean investors to become afraid and decide to dump their coins than it will become no more use or no more value in their country. We just hope that the PM will change their mind and will continue to support bitcoin. |
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webtricks
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January 13, 2018, 04:14:16 PM |
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Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
1 USD = 1 BTC!! Nope, that's never gonna happen. It will take 150-200 rounds of trading of same Bitcoin so its value get depreciated by 99.9934% from 15K to 1 USD. I don't think it would ever happen that 150-200 traders in a row will buy high and sell low. Current market crash was just temporary one like we seen 1001 crashes in last 8 years.  Chill! Bitcoin isnt going anywhere down, it is just resting. |
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DustyRah
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January 13, 2018, 04:21:20 PM |
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People always cry when the train has left the station without them. But when Bitcoin price is reasonable, they won't care about it and spend their time eating ice cream on the platform.
This is the good time to buy Bitcoin and HODL. Firstly, the whole news about futures is over. Next, Bitcoin transactions/fees are an issue. The news about China restraining miners as well as South Korea BS about shutting down exchanges etc is holding the price back.
Just saying that when the lightning network gets into play or Korean exchanges go back to normal, Bitcoin may surge over $20k. Don't cry about being left back on the station holding a cheap ice cream.
BTC is taking a very healthy break and be careful, it will surge like a MOFO on any type of good news that comes along this year. Buy when you get a chance and HODL, don't try to play the market, this market is on crack right now and NO ONE can play it.
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arpon11
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January 13, 2018, 04:30:00 PM |
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Bitcoin has not clash rather it is reacting to the fake news that Korean financial regulations authorities is banning bitcoin and others cryptocurrency exchangers in the country. I can easily see that the corrections has started and one can easily make another round of investment by buying now. Cryptocurrency has become part of our economy and the earlier we realized this the better it will be for all of us. If we play with it opportunity will keep pass us by but if we accept the reality we would be among those that will make things happen in future.
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YinShuiSiYuan
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January 13, 2018, 04:58:17 PM |
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Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
This isn't a crash. Normal market behavior that the price fluctuates. There is Korea's issue, but there is not much impact on the market. 1USD = 1BTC I don't think it's possible. |
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akram143
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January 13, 2018, 05:03:51 PM |
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Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
I think the main reason for the bitcoin price crash is due to it high transaction fee and longer waiting time to transactions get confirmed. But it is crazy to think like that 1BTC = 1USD.I hope it will never happen and bitcoin is still the expensive crypto currency. |
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