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Author Topic: Why BTC is down again?  (Read 1056 times)
MenuBuzz
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February 02, 2018, 12:35:37 PM
 #21

Imagine a snowball rolling downhill.  I think the whole CoinMarketCap/Korea exchanges debacle was what started the ball rolling and then other FUD kept it going.

Honestly, I think this was a bubble which is bursting.  Reasons why aren't as important as to know how bubble's work.  I'm sure you've heard of the Internet bubble, the Housing bubble etc.  Truth is, they did crash...then they went back up.  For example some were expecting the Internet bubble to be the death of the Internet.  Clearly that didn't happen and today the biggest companies in the world are based on it (Google/Facebook, etc).  I expect something similar with Crypto.  Yes, it's dropping now and that hurts.  However it's not going anywhere and will still be a market for this long after.  
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February 02, 2018, 12:42:37 PM
 #22

Could it be that the bubble is deflating? Or bursting? The price is going down fast now, losing $1,000 every day at the moment.

There is no bubble...I would like to drop all the way down to 1$ to buy as much as I can.
The harder is the fall the better will be the rise. Just prepare your surf board and wait for the wave Smiley
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February 02, 2018, 12:43:35 PM
 #23

With BTC and most other TOP 100 coins on a downward  trend DigixDAO  is up 44%. BTC is being pushed down the India Finance Minister  stating they want to all out ban it, the bitconnect lawsuit, the coinmarketcap korea exchange pull, and general fear. I anticipate the fall continuing to mid to late march before another surge.

That's too much. I've never seen a selloff after a rally that's mostely driven by fear last more than 3-4 weeks.

Personally I'm happy enough at that price and transfered some gain from US stock market to XRP. I believe it's the most bulletproof against lawsuits and inflation.
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February 02, 2018, 12:50:05 PM
 #24

The volatile cryptocurrency hit a record high when it passed $19,850 in mid-December, but then tumbled rapidly, falling to below $12,000 within days.
Although we all know that its value has shifted unpredictably ever since, with frequent wild drops and recoveries. The rapid drops are partly the result of continuing fears about regulation, as well as anxiety provoked by a series of high-profile raids and thefts.I think when any market falls by more than 40 percent, it presents strong buy opportunities for outsiders. The cryptocurrency market could recover as a new wave of buyers enter the space but until then, the market could struggle to recover.
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February 02, 2018, 01:08:08 PM
 #25

If you are go to grocery store you can see prices going up and down. No matter what is the reason the price will fluctuate.
Volatility is present in every market, that is one of the markets characteristics. In some markets we have smaller volatility and in other much bigger, like in crypto.
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February 02, 2018, 01:19:06 PM
 #26

i did not hear any news but i know the btc price at the beginning of the year like this will experience a very big decline this also happened in yr last year so i guess this is like the way always btc through at the beginning of the year

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February 02, 2018, 01:31:48 PM
 #27

Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

I think you are not aware of the things going on in the major countries in the world because there are many things that are going against the cryptocurrency and that starts with the Korea FUD, then panic selling, then facebook bans the ads related to bitcoin and other cryptocurrencies ICO's and this proves that it has no interest towards and now recently yesterday India discussed that they are going to ban the cryptocurrency after the country's financial Budget is been declared by this month. I think after all these news people are fearing to hold their bitcoins and because of this bitcoin is down.

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February 02, 2018, 02:11:41 PM
 #28

Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

I think you are not aware of the things going on in the major countries in the world because there are many things that are going against the cryptocurrency and that starts with the Korea FUD, then panic selling, then facebook bans the ads related to bitcoin and other cryptocurrencies ICO's and this proves that it has no interest towards and now recently yesterday India discussed that they are going to ban the cryptocurrency after the country's financial Budget is been declared by this month. I think after all these news people are fearing to hold their bitcoins and because of this bitcoin is down.

Yes, people fear to keep their coins until...
1) The professionals start buying again
2) Then the prices will start going up
3) Because the prices will go up the media will talk about the crypto-coins come back
4) The masses will forget about all the panic and buy back again, most people in higher price than where they sold.
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February 02, 2018, 03:22:29 PM
 #29

Bitcoin has fallen below $9,000 which means that there is something more going on behind crypto currencies. The head of the research at Fundstrat, Mr. Thomas Lee, said that most of the headlines for crypto have been mostly negatively lately and some bitcoin investors are watching for the next support at $7,800 to $8,000. He also said that the Millennials in bitcoin that the demand for bitcoin futures is rising, which represents/shows a positive development. Here is the link for the article: "https://www.ft.com/content/f218454a-07ec-11e8-9650-9c0ad2d7c5b5

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February 02, 2018, 03:27:10 PM
 #30

I suppose Whales try to manipulate the price and make week hand sell everything to them at very discount price.
Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.
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February 02, 2018, 03:33:58 PM
 #31

because of  it was attributed to the korean FUD but they came out to say that they have no intent to ban cryptocurrency.
I hope btc again growth in this month!

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February 02, 2018, 03:35:17 PM
 #32

Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

I think Bitcoin Price Slides Again As India Announces Ban Plan. The Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, kicking Bitcoin’s already-sliding value further down the slope. May be that's why BTC Price is going down.

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February 02, 2018, 03:46:09 PM
 #33

Basically because of this:

Quote
India's Finance Minister Arun Jaitley said the country wants to "eliminate" the use of digital currencies in criminal activities, signaling tighter regulation in the country.
This is the main reason - recent news from India - however as always in bitcoin world people stretched this info, created fake news from it.
Mainstream media twisted this so people would think that India is planning to ban bitcoin, this is not the case at all!
I think the market is being manipulated - someone would like to buy cheap bitcoins, that my personal theory.


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February 02, 2018, 03:47:09 PM
 #34

Basically because of this:

Quote
India's Finance Minister Arun Jaitley said the country wants to "eliminate" the use of digital currencies in criminal activities, signaling tighter regulation in the country.

India alone, cannot have that much invested in Bitcoin, to have such a huge impact on the price. This looks like a scenario

where something triggered a dump {possibly India} and then a bunch of trigger happy Bots, selling as the price goes down.

These investors are probably not even online when this is happening. The Bots are just acting on their own and going Willbot

in reverse now.  Tongue

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February 02, 2018, 03:52:43 PM
 #35

Fud make panic sell. Panic sell make price drop. Recent India and Korea FUD is the key reason to this price down. A lot of news channel motivate peoples for panic sell. Keep holding at-least until l end of the march.

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February 02, 2018, 03:57:30 PM
 #36

Basically because of this:

Quote
India's Finance Minister Arun Jaitley said the country wants to "eliminate" the use of digital currencies in criminal activities, signaling tighter regulation in the country.

India alone, cannot have that much invested in Bitcoin, to have such a huge impact on the price. This looks like a scenario

where something triggered a dump {possibly India} and then a bunch of trigger happy Bots, selling as the price goes down.

These investors are probably not even online when this is happening. The Bots are just acting on their own and going Willbot

in reverse now.  Tongue
You may be right because Indian governament announced this news yesterday but from last couple of weeks the BTC price keeps on falling. So I don't think this is the major reason behind Bitcoin price down.

But now if we see any major changes in BTC price then we can consider this news.
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February 02, 2018, 05:18:15 PM
 #37

How or Why is the price going down?

Because you people are setting up a sell order, stop opening orders to sell and help to bring up the price, its to your benefit and profit.
The higher it is, the higher the profit.
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February 02, 2018, 05:22:04 PM
 #38

Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

Bitcoin drops again because many countries have banned to adapt it. Many people send fake news about Bitcoin where in fact they are all not true. However, dips are normal in trading and I am still hoping that Bitcoin will rise up again. Bitcoin is still too big to lose so don't lose hope and be patient to wait until the price goes up again. Just hold and invest additional becuase the price is still low.

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February 02, 2018, 05:33:55 PM
 #39

Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

According to the article i've read that this is the correction of price value before and this is the right price of bitcoin in exchange market thats why that all major cryto currency
today are going down.bitcoin price now is the main real price today according to the news about cryptocurrency article,that they want to re order  everything according to the exact value in the market,so those happen last year is only a feeble or despised so they corrected it now for snchronization in the exchange market.

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February 02, 2018, 05:45:00 PM
 #40

Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.

Now there are too many reasons and it's hard to understand myself.

the first time this began, it was attributed to the korean FUD but they came out to say that they have no intent to ban cryptocurrency.

second was about the court case and that also turn out to be not the cause.

now the current news i heard was that, the fall is from the chinese holidays.

so if this is true, then we must expect growth after 14th Feb.
yes I have heard all of those but I don't really know what had happened why the price dip down.  I do believe that korean FUD affect as well and some people were in panicked that they sold their bitcoin. maybe tha market flactuations . there are many factors maybe  that we don't know . we will wait and see after chinese new year if it will rise again but still I believe that sooner it will go back to its high price.
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