Whats Happening??

[amzad]

Bitcoin is a lot like primesband , which is not a true coin but can be traded directly with the currency, Bitcoin can be bought directly with the American Dollar and if you want it will turn it into American Dollars. Bitcoin has a different distinction with the primesband, Bitcoin is totally on the Internet, it does not really exist, like primesband. Bitcoin prices are just like the stock market - and thus the profit from Bitcoin. Just like you buy a bit of $ 500 a day, a month later, Bitcoin prices increased to $ 600. When you sell your bitcoin, you get $ 100 profit. Of course the whole process is not so easy. Like a stock market, it has to be followed.

[Ailmand]

Well,i guess that bitcoin price will return back to 2K-3K.The last three months of 2017 there was a huge pumping of the btc price and now there`s a massive dumping.FUD and negative news everywhere,Japan will regulate exchange platforms(this is not bad news,but it causes panic).Anyway,i believe that bitcoin will recover back to 16K at the end of 2018.Now it`s the best time to buy and HODL.

The decrease may continue; however, I don't see it returning to that low of a value. It has been nailed to around 7-8k dollars before it surged last November and December, so going down to as low as 2k-3k would really be a drag because that would amount to bitcoin losing its kingship title over other coins in the market. However, even if it seems that the market and bitcoin, to be specific, is in a dire situation. I would say that this is just part of how the market unfolds. Bitcoin is still the best asset around the market, and it has so many characteristic that points out to its capacity to regain its strength back. Also, there are so many holders of bitcoin in the market that would not let Bitcoin's value be driven to the ground.

[LogitechMouse]

Its simply because of so many FUD'S spreading now in the internet. Maybe these are true but I know that some are also false. The banning of ads in Facebook, the tether controversy, the Banning of bitcoin India and so many more. These affect the price of bitcoin and since most altcoins are based on bitcoin, altcoins are dropping too. I am very optimistic with bitcoin so I know that it will increase in the succeeding months.

[hitrawal91]

I am little curious now how that bitcoin is falled this much?
it rides massively and didn't looked that it will fall like that, its making me think that will it be able to cross 20,000$ again?
Is it a good time to buy or should just leave it?

No, i don't think it is the right time to buy the bitcoin because there is panic selling going on over the different parts of the world specially india where the rumours are spreading that they are going to ban the bitcoin and because of that I can see it is better to wait for some strong confirmation of strength in the charts and then we will go for buying the bitcoin in big quantity and till than you should not consider for buying the bitcoin.

I think this fall was all just because the mainstream media is playing a major role in spreading the Misinterpreting bitcoin regulation again all over the world and this time it's the Indian country which is acting to take some serious steps against the bitcoin holders and traders. And by this way, the rumours of banning the Bitcoin in India is spreading like fire which is creating a panic selling all over the world as India is a major contributor in the Bitcoin market with a total annual trade volume of almost 20 BILLION USD and that's why it's going to affect the bitcoin prices for sure . Even one of India's popular trading exchange ZEBPAY has reported that it has over 1.5 Million users who are actively trading here in the market and almost 200,000 new users are adding to this list at every month.

    

[Clickcluck]

First of all it's seasonal correction. Secondly it's Chinese and Korean holidays. Thirdly it's too huge capitalization and market just don't see yet how to keep increasing it even more.

[viarathel]

Because the panic still occurs in kriptocurrency market I think what to do for now is buy, and then wait until the price of bitcoin is stable or high again.karna I believe that bitcoin will recover in the next few months.

[bbjay]

No one can really explain the fall in price of bitcoin in the market. One thing for sure is that it will bounce back again unexpectedly. So this is the right time to buy and add to your investment since the price is as compare to the price of December 2017. Do not think of quitting at all, the price will definitely rise again.

[Joyceshiroor]

All of a sudden the bitcoin price has drop to as low as $9,022 on the Luxembourg-based Bitstamp exchange left bitcoin trading at less than half the peak price of almost $20,000 it reached in December. It slid more than 26 percent last month, in its worst monthly performance since January 2015.
Other cryptocurrencies, including Ripple, the third-largest by market value, and Bitcoin Cash, have also racked up double-digit declines in the last 24 hours, according to Coinmarketcap.com, which tracks the industry. Ethereum was up slightly on the day.

[niisarearning]

The main reason 2 fuds one was south Korean regulation that is ended 31st January by finance minister announced there no intention of banning crypto currency . Soon Indian Fud without any sense there was same sentence repeated from 2013 by indian government . In annual budget they said same answer . Soon fud started I am watching indian market closely only panic sell .

[10000BTC]

I am little curious now how that bitcoin is falled this much?
it rides massively and didn't looked that it will fall like that, its making me think that will it be able to cross 20,000$ again?
Is it a good time to buy or should just leave it?

you are at good advantage if you have fiat currency to invest now.

you will make massive gains when it begins to rise.

It's at its lowest since it rose to $20,000. this is the good time for new comers to join.

[heureca]

I am little curious now how that bitcoin is falled this much?
it rides massively and didn't looked that it will fall like that, its making me think that will it be able to cross 20,000$ again?
Is it a good time to buy or should just leave it?

Yeah, it is rather good time to buy. However, do not use all money for coins buying. It is better to buy partially during this correction - nobody knows where is the end of this correction

[charcoin]

BTC already reached it's support line $7,908. Hope market correction is almost. over.

Hope investors will buy as soon as United States people will get up today.

[Rappyboy]

A lot of bad news came this week, but still this is a very normal correction, a lot of media entities are taking advantage of this to put fear to investors, weak hands are getting out and strong hands going for a hold, after this we will see a new all time high i believe, this happened every year, bitcoins bubble burst wont happen this year.

[manismanja]

I am little curious now how that bitcoin is falled this much?
it rides massively and didn't looked that it will fall like that, its making me think that will it be able to cross 20,000$ again?
Is it a good time to buy or should just leave it?

calmly don't panic, bitcoin and other cryptocurrency is down because there are some issues in some countries that prohibit the use of bitcoin I think this is just a drama because every negative issue just as it succeeds in making bitcoin prices fall, it's like making them want to buy at cheap price so follow the pattern of their play the issue makers.

when they want to go down then we can prepare ourselves to buy as much as you can because this is a good place to buy bitcoin at a very cheap price, after that there will be new news that will trigger the increase bitcoin prices and that's when we can sell the bitcoin we've bought when at a low price.

[Betwrong]

Panic sell man, f*cking india govt banned cryptos. F*ck them.

No, they did not. The words of India's finance minister do not become laws immediately. He said that the government does not view cryptocurrencies as a form of legal tender. Big deal! Haven't we heard something similar from the government officials of various countries many times before? Mark my words, Bitcoin will never be banned neither in India nor in any other country that big. Why? Because there's too much money invested in it by the same people who can make the ban legitimate. I'm not saying they caring about their people, but they do care about themselves. I bet this minister, Arun Jaitley, is buying at the low right now, just like JPMorgan did in the past.

[Lancusters]

Panic sell man, f*cking india govt banned cryptos. F*ck them.

No, they did not. The words of India's finance minister do not become laws immediately. He said that the government does not view cryptocurrencies as a form of legal tender. Big deal! Haven't we heard something similar from the government officials of various countries many times before? Mark my words, Bitcoin will never be banned neither in India nor in any other country that big. Why? Because there's too much money invested in it by the same people who can make the ban legitimate. I'm not saying they caring about their people, but they do care about themselves. I bet this minister, Arun Jaitley, is buying at the low right now, just like JPMorgan did in the past.

Ministers are never responsible for their words. Sometimes it seems to me that each oligarch can buy any Minister. It seems to me that we are now under attack by the millionaires of wall street. They drew attention to bitcoin and want to buy the maximum number of coins. Statements by Ministers of the different countries is only a well-paid provocation.

[Nfp]

Panic sell man, f*cking india govt banned cryptos. F*ck them.

You don't have to do panic selling mate, it's just a tactic of those big time holders to manipulate the bitcoin price, that causes a panic selling for those small time holders that are afraid to loss a lot of money because of this deep dropping price of bitcoin. But the truth is Indians government isn't banning bitcoin, here's the link about the news that proves that Indians didn't ban bitcoin, https://www.ccn.com/no-india-isnt-banning-bitcoin-as-mainstream-media-gets-it-wrong-again/ .

[JustusJones86]

I don't thik any government will ban cryptocurrencies... However, they will regulate the market which is a good thing!

[imapessimist]

It has bounced back in the last half hour.  But I won't risk buying.  I think it will fall again in a few hours time.  Maybe it's just whales putting money in and then taking it out to make the price bump.    I am not trusting prices just now since I heard about tethers and other stuff. 

[JustusJones86]

I agree with you... I think we still have not hit rock botom!