Moneypham5 (OP)
Newbie
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Activity: 134
Merit: 0
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January 21, 2018, 03:18:26 PM |
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Reid
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January 21, 2018, 03:23:52 PM |
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No one knows. Only speculations. They say it is because of South Korea regulating crypto currencies. It could also be a sell. A big group of whales might had enough and withdrew. That could be the main reasons and nothing more. Now we need demands back.
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bolawin
Copper Member
Jr. Member
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Activity: 246
Merit: 7
buy bitcoin, hodl bitcoin
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January 21, 2018, 03:38:04 PM |
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it will reach higher this year.
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buy bitcoin, hodl bitcoin
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jvdp
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January 21, 2018, 04:06:25 PM |
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In the end of 2017, Segwit2X was launched in December 28 so Bitcoin server is busy to transact the money this is just a common problem in Bitcoin. This is the exact reason for down the Bitcoin value. After launching it was normal in the market. Then again south Korea government was banned in trading. This also create some problem. Now everything is solve in the market again Bitcoin is pump in the market. Don't worry about Bitcoin because it is always positive in the market.
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SONG GEET
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January 21, 2018, 04:08:37 PM |
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It's profit taking
Many have made millions just starting with few thousand dollars within 1-2 years by investing in some cryptos. Some of them cashed out at end of the year to spend for holidays along with other whales who spreaded fuds to buy Bitcoin and other crypto at discount.
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tuskacz
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Activity: 56
Merit: 0
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January 21, 2018, 04:14:46 PM |
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It is only temporary correction down brother due to uncertainty of crypto regulations. Bitcoin is safe as gold, it will go very high in 2018 so buy now wishing you good profits.
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Bonsaiav
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January 21, 2018, 05:38:33 PM |
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Historical records, say 'it has been a long time' bitcoin always hit by problems both Internally and Externally, such as the case a few days ago in south korea, the problem of high transaction fees that until now can`t be resolved. Well, maybe for the south korean problem will pass with time, but the issue of bitcoin fee is getting higher, making a lot of people who are reluctant to invest dibitcoin, and they transfer their investment to altcoin.
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BTG-BTC
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Activity: 89
Merit: 10
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January 21, 2018, 05:40:06 PM |
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It has more or less become stable, and that's great because the market has migrated to altcoins.
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Jaya1995
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Activity: 47
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January 21, 2018, 06:01:55 PM |
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No one knows. Only speculations. They say it is because of South Korea regulating crypto currencies. It could also be a sell. A big group of whales might had enough and withdrew. That could be the main reasons and nothing more. Now we need demands back.
whether in all countries limits crypto currency .... if so will affect the economic market movement in the country if bitcoin is reduced
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Dudeperfect
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January 21, 2018, 06:57:15 PM |
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There was a growth in the year 2017 and as a result of it, correction was a much needed to stabilize the price and hence price fall took place. I do look at it in positive manners because this thing will help Bitcoin to grow in the long-term. Also, the involvement of the institutional investors was one of the reasons behind price fluctuations in Bitcoin and there were the panic sellers and panic buyers under FOMO effect.
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Dravenz
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Activity: 20
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January 21, 2018, 08:32:18 PM |
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It depends in the market place of bitcoin. If they have many bitcoin the value will increase.
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Trivelius
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January 22, 2018, 08:40:00 PM |
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It has more or less become stable, and that's great because the market has migrated to altcoins.
Altcoin market cannot take bitcoin place, although when the price of bitcoin become a little stable then people try to invest some of their assets in other crypto currencies but still majority of their investment remian in bitcoin, and they mostly focus on bitcoin in fact they have more trust and feel more reliable when they invest their money in bitcoin.
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beskid
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January 22, 2018, 08:46:27 PM |
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China banned the mining of bitcoins In early 2018, a copy of the document appeared on the Internet, in which the Central Bank of China directly speaks of the need to stop the mining of bitcoins in the country. The reasons are called "consumption of a huge amount of electricity and heated speculation with virtual currencies." South Korea prohibits anonymity South Korean authorities have changed their minds to prohibit crypto-currencies, but the financial regulators of the country will begin to fine investors who sell crypto-currency on condition of anonymity. The US taxed the exchange of Crypto-currency Exchange transactions in the US will necessarily be taxed. The corresponding law was signed by US President Donald Trump at the end of December. The new rules came into force on January 1, 2018. Disappointment of investors One of the reasons for the fall in the rate of crypto-currencies was the disappointment of small investors, who were bought by the bitcoins from mid-November to December, when its rate grew three-fold, expecting that the currency will continue to grow.
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JPCain
Jr. Member
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Activity: 49
Merit: 10
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January 22, 2018, 09:02:46 PM |
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In simple terms more people are selling then buying. I would imagine this is down to fear and uncertainty. New developments should attract buyers back.
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heringasem
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January 22, 2018, 09:06:12 PM |
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In the end of 2017, bitcoin continuously decreases? So what is the cause? Affordable economic downturn? Or is the demand falling?
Shut the fuck up mate, why are you spreading FUD? The demand is not falling, the only thing that is making the price go down is that there is a lot of manipulation over the price, NOTHING MORE than that.
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