srilankarox (OP)
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February 02, 2018, 01:17:17 PM |
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Why is the bitcoin price going down?  |
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pstraene
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February 02, 2018, 04:27:01 PM |
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Why is the bitcoin price going down? China, Japan, India, Bitfinex. But all this is already in many other threads inside. I wonder why you make a thread with this question again. You just have to read them. Who does not read crypto will never understand either. and you will not get a reward for such questions. You have to earn it differently. sorry |
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onecall123
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February 02, 2018, 04:36:26 PM |
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Why is the bitcoin price going down? All the matters are confined in simple words, it's panic selling. Damn rally of continuous regulation on crypto exchange and mostly spreading of FUD is the culprit of price dipping. |
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bitcoinblog
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February 02, 2018, 05:09:52 PM |
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Indian budget yesterday came in which they use sentence " Cryptocurrency is not legal tender " and people think " not legal means illegal " but Finance Minister already said , Not legal means we are still not in position to say anything about it.
Today if i am not wrong , they cleared we will think about it. As two big trade site are working in India , Unocoin and Zebpay.
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** FREE SPACE **
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upekhaanthony
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February 02, 2018, 05:27:56 PM |
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Mainly India and Korea government decision cause for that and panic sell make price drop soon. Some third party manipulating crypto currency market for buying BTC at very lower price. Lot of disappointed news also made panic seller more higher.
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nsiman
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February 02, 2018, 05:32:46 PM |
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The main reason for me is FUD.....too much panic amongst investors is actually causing a lot of decline
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mlgblockchain
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February 02, 2018, 07:04:06 PM |
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People are blaming Korean FUD a lot for this fall. But I think the Chinese new year is the main reason behind it. And of course the Panic Sell is leading it to more downfall. I hope the value of the bitcoin will become steady within few months. It needs to, it influences all the other crypto currencies.
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signalbitbot
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February 02, 2018, 07:07:46 PM |
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large players created the hype to buy a cryptocurrency cheaper =)
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odolvlobo
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February 02, 2018, 07:42:50 PM |
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Why is the bitcoin price going down? It's easy. The reason for the price going down is the opposite of the reason for the price going up. Anyway, the drop is the normal result of a speculative buying frenzy. It is impossible to predict when it will happen, but it is a certainty. |
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OgNasty
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February 02, 2018, 07:53:09 PM |
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There is not enough new money entering the market to sustain the price with the current selling + generation of block rewards.
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aardvark15
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February 02, 2018, 09:04:10 PM |
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Why is the bitcoin price going down? One factor was the announcement by Facebook that they will no longer allow any Bitcoin or cryptocurrency advertisements on their site. This combined with news of tighter regulations in South Korea and India helped push the price down. The cryptocurrency market emwas die for a correction anyway, so all of these factors played a role. |
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gorush
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February 02, 2018, 09:05:04 PM |
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Why is the bitcoin price going down? China, Japan, India, Bitfinex. But all this is already in many other threads inside. I wonder why you make a thread with this question again. You just have to read them. Who does not read crypto will never understand either. and you will not get a reward for such questions. You have to earn it differently. sorry Like he said a lot of fud and bad news. |
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aioncoinlove
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February 05, 2018, 07:03:23 AM |
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There is not enough new money entering the market to sustain the price with the current selling + generation of block rewards.
Now there are many coin on market. Some investors take money to buy or sell other coin . |
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Nellayar
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February 05, 2018, 10:39:08 AM |
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The factors affecting the price of bitcoin are:
1. Speculations of the people, some investors are misleading in result for the panic selling.
2. Seasons affect the price also. There are times that the demand of bitcoin is so down because of Christmas holiday and other holidays.
3. The banning of different countries in bitcoin and the government warned the people not to invest much in bitcoin.
4. When whales make some conspiracy that leads to controlling of the market.
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Wilhelm
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February 05, 2018, 10:51:53 AM |
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F EAR
U NCERTAINTY
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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trickyriky
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February 06, 2018, 06:15:49 AM |
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Indian budget yesterday came in which they use sentence " Cryptocurrency is not legal tender " and people think " not legal means illegal " but Finance Minister already said , Not legal means we are still not in position to say anything about it.
Today if i am not wrong , they cleared we will think about it. As two big trade site are working in India , Unocoin and Zebpay.
But even after this news Bitcoin did not stop its fall. It is not stable, going up and down all the time. I suppose it will last for long, at least for a month. |
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jjacob
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February 06, 2018, 06:20:13 AM |
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Indian budget yesterday came in which they use sentence " Cryptocurrency is not legal tender " and people think " not legal means illegal " but Finance Minister already said , Not legal means we are still not in position to say anything about it.
Today if i am not wrong , they cleared we will think about it. As two big trade site are working in India , Unocoin and Zebpay.
But even after this news Bitcoin did not stop its fall. It is not stable, going up and down all the time. I suppose it will last for long, at least for a month. It is dropping sharply and I doubt if one news item could cause such a sharp drop in price. India has a marginal role in the global bitcoin market, and Bitcoin has weathered a crackdown by China and (limited) FUD from the South Korean government. I think it is a shift in investor sentiment and risk aversion in general. |
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care2yak
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February 06, 2018, 07:16:37 AM |
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not much demand, hence the downtrend. o ray of light, where art thou?  next support is somewhere 5,300 or so or i may be mistaken..... maybe after the chinese new year, the market will fuel the bitcoin rocket..... or probably after april fools?  |
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BILGPS
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February 06, 2018, 07:49:11 AM |
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To say about bitcoin the price of bitcoin is falling day by day and i have invested a lot in this currency so i am very unhappy because of this price fall. Bitcoin is good currency and it is accepted every where now it is hard to know about the price high because i have invested a lot in this currency to get profit of this so Bitcoin is good and very profitable we should have some patience.
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nl247
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February 06, 2018, 08:17:32 AM |
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Why is the bitcoin price going down? One factor was the announcement by Facebook that they will no longer allow any Bitcoin or cryptocurrency advertisements on their site. This combined with news of tighter regulations in South Korea and India helped push the price down. The cryptocurrency market emwas die for a correction anyway, so all of these factors played a role. The problem is that some investors who really do not understand what they are into, panic at the slightest news they hear that is not in favour of cryptocurrency and then they bail out even at losses while they allow the institutions to play with their intelligence. Facebook had their reason for this and not because they were against cryptocurrency, but because they could not eliminate the good ones from the bad ones and for the sake of investors, they just had to halt it. However, the good thing is that most of the coins have so much bottomed out right now and only those who are smart enough will know that this is the right time to fish for a good product and buy more, rather than panicking. Take a look at the past, there was no downtrend that lasted forever, as it will recover. Over time, every newbie will all get used to it anyway while some will regret the fact that they wasted so much time complaining when they had the opportunity to take action. |
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