Seeker#9
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January 22, 2018, 12:38:34 AM |
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It is a usual part of bitcoin or any cryptocurrency to have a price correction or a crash and then rise up again later. It is bound by its own volatile nature and fluctuates in almost every second. The rapid changes of bitcoin prices particularly price crashes are caused by some factors like price manipulations, the moves by some governments to ban crypto exchanges, hackings and spreading of FUD that causes further increase panic selling. Othe other hand, demands for more bitcoins will cause its price to move up and often lead it to another all-time high.
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spinno
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January 22, 2018, 12:40:51 AM |
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There’s one specific reason to it and that is the structure of bitcoin investments all along.. The demand and supply thing that can be triggered with many continuous or simultaneous factors or even a single one that makes the investor especially the new one’s who is more vulnerable to this kind of propaganda’s and bad imaging.. It will not change even if this will go mainstream as competition is always present. Crashes can happen after the price rises high very quickly. The price may be too high because of enthusiasm of investors or because of price manipulation. The crash would follow if there is any bad news such as a government regulation or a cryptocurrency exchange that had a problem. Or the price drop could be just because investors are cashing in on there recent huge profits. We could not assure that the main reason why bitcoin getting crash these few weeks, maybe it's because of china's down full from their miner and also banning in other countries just like Indonesia and South Korea. Or another reason it's being normal of bitcoin crashing down it because of being volatile it may fluctuated by itself high and low price movement. This is not first time crashing out with bitcoin then in this scenario now i did not surprised besides i keep holding on bitcoin.
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kunsh
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January 22, 2018, 12:42:59 AM |
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Whales manipulation Fear and panic sell Fake news etc...
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r1a2y3m4
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January 22, 2018, 12:49:54 AM |
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In my experience, Bitcoin price crashes sometimes due to negative news or a technological problem that bitcoin encountered such as high transaction fees or slow transaction time. The latest crash is due to China's ban on mining and Korea's ban on bitcoin. But after all these negative news btc price only dropped down to 30%. I think it will go up though.
A lot of people buying bitcoin dont know it well and dont know the technology. A lot of them only buy bitcoin for gain that is why we can see a crash occasionally when negative news comes.
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pawanjain
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January 22, 2018, 01:47:31 AM |
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There are two major reasons which I know of through the price crash of BTC occurs and they are * News and FUD * Corrections The Bitcoin price crash occurs when there is a certain news about a country banning it and so people FUD and then panic sell their coins. Most of the FUD occurs because of rumors such as the recent one of South Korea. Corrections occur then and there because of volatility and profit taking of the traders. When the coins go in upward direction for a long time it has to come down a little to maintain its stability. This is why minor crashes occur then there for a healthy growth of coin.
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Thecryptocurrency09
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January 22, 2018, 01:59:11 AM |
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So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling? Yes, bitcoin do crush but saying this happens occasionally, well somehow. It is almost an obvious given scenario and statement about bitcoin. But knowing how it works could take hard time since it has a lot of factor.Maybe what you have said could be a hint for now.
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drwhobox
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January 22, 2018, 02:17:07 AM |
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Bitcoin is really volatile and vulnerable from small fishes that holds a partial amount of it. Due to negative news to regulation etc. That makes most of the little holders sell their coins because of panic that something is going to happen really bad and they may lose profits
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zolfa
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January 22, 2018, 02:24:57 AM |
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yes, great damage happens this year, thus making the bitcoin fall and sick. I think this is because at the end of 2017 more sales, so the market is not controlled. hype will restore natural correction to normal again. but it will run slowly. so keep hold of bitcoin and not leave bitcoin is an option today.
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nightfury
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January 22, 2018, 02:31:56 AM |
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Bitcoin crash occasionally specifically on its market price because of people dumping their bitcoins or perhaps whales are dumping their big stock of bitcoin. A correction could be a reason too why bitcoin is occasionally crashing.
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senin
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January 22, 2018, 02:34:30 AM |
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Bitcoin sometimes falls in his course and you need to get used to it and take it easy. First, it can not constantly grow in price. By its nature, it is very volatile and will periodically rise or fall. Secondly, it is decentralized and is not supported by anyone in a certain course. The usual money from the fall of the course is guarded by the Central Banks, in which there is a so-called stabilization fund, from which they feed their currency. Here, bitcoin is left to itself. Third, bitcoin very clearly reacts to external financial factors and bad investment news. Fourthly, bitcoin is now experiencing not the best of its times and has a lot of problems with transactions, which frightens off investors.
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Indrawan77
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January 22, 2018, 03:04:38 AM |
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This is bad side of decentralised market, when a big whale gather together they will be able to manipulate the price, and when people buy bitcoin, one day they will sell to get profit, but this time the damage is due to the banning rumor from different countries and the people that rejected to used bitcoin because of the expensive fee
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nikjain422
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January 22, 2018, 11:01:02 AM |
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There can be many reasons from which this occasional crashes can occurs and the most evident one is when this whales try to manipulate this prices by taking out all their stocks is when this type of short crashes occurs.Other reasons are FUD's. and false news of countries banning bitcoin or announcement of some forks like segwit2x etc.But things could stop if people starts to think logically and they don't panic on this fake news would definitely reduce some crashes.
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Godric-Gryffindor
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January 22, 2018, 11:55:41 AM Last edit: January 22, 2018, 06:12:16 PM by Godric-Gryffindor |
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Demand and supply greatly affects bitcoin price and so it's easy for billionaires to manipulate bitcoin price, these manipulators are all looking in one graph we are all looking, so you must master technical analysis and candlestick indicators to help you cut further losses, crypto exchanges must have this setting, gladly almost all exchanges I now have.
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diguyo
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January 22, 2018, 11:59:42 AM |
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It is a living market - there are so many factors which contribute to the up and downswings of a token with as much liquidity as bitcoin.
From:
a) Market manipulation b) Longs/Shorts being called c) Bot Triggers d) Greed e) Fear f) Safe havens g) Speculation / store of value h) Utility
etc etc
All of this. There are plenty of reasons and it happens in other forms of investment too. Things grow, they reach a tipping point, they 'correct' when selling starts to happen and it somewhat snowballs due to fear, bots etc. and then it starts rising again. It's nothing to worry about. It's natural to worry a bit when an investment falls quite sharply, but a correction is actually healthy for long term growth - without periodic corrections, you'll see a bubble which bursts and many people get wrecked.
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Notcalculator
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January 22, 2018, 12:09:58 PM |
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It all comes down to demand and supply, but there are so many factors that affect it. How the press shines on bitcoin is a huge factor. Currently, bad news after bad news, put btc on a bad light. That made some people lose confidence in it and sold their coins. Another factor is competition. There are so many other cryptocurrency, and it divides the people. Supply and Demand goes somewhere else. Lastly, you should also pay attention to is how btc changes on a technological level. What some people seem to forget that, there's actual tech and developers behind BTC, and you should be paying attention on how they improve the system. What they do can drastically chance the market.
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Portia12
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January 22, 2018, 12:16:28 PM |
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After China closing their farm, South Korea ban and India freezing account of btc the price dip happened. Price dip is good for traders they gain more on it. I guess those anouncement from that huge crypto country is just to stare up the market. Prices will soon soar then.
and japan pullout almost majority of their assets because they are planning to build or create their own cryptocurrency thats why price of bitcoin crash this season. Reason why bitcoin crash in occasions its because they will use their money for buying stuffs they need in that occasion sample christmas they need to pullout some of their money to buy christmas gifts, give money to parents and other needs in that season.
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icanscript
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January 22, 2018, 12:18:35 PM |
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I think now bitcoin has fallen because it's prone to the Chinese New Year: Asian cryptotraders translate the crypto currency into fiat to buy gifts and tickets for traveling on vacation . I'm sure that the market will start to grow after February 16)
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DAVETUN
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Bitcoin is the currency of this age
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January 22, 2018, 12:19:38 PM |
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Bitcoin crash occasionally as a result of news pertaining to crypto issues,presently lots of people are taking profit reason why we have a crash in the price,its is a norm in the sector
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ClarksonI
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January 22, 2018, 12:24:36 PM |
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Looks like nobody dares to keep bitcoin in the long run and everyone is happy with little profit, hence the bitcoin behavior
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