What's the reason for this bitcoin bleeding?

[Branko]

As far as I know, India has banned cryptopcurrency. So the market goes down. In addition there are some other items related to USDT

You know nothing, Jon^H^H^HDiceChain

[yinyangwinwang]

For all reasons listed above yes but also because naturally Bitcoin couldn't always go up people. It naturally had to come back down some and that happened to happen in January. Yes there were some other factors but don't forget the natural aspect of it!

[Pivooooo]

US regulators today subpoenaed one of the world’s largest cryptocurrency exchanges as questions mount over a digital token called Tether.
A popular substitute for US dollars on various crypto exchanges, Tether provided an easy way for investors to ride out storms in volatile markets without removing money from the marketplace and converting it back to fiat currency. Its value, however, was due to its reported ties to the US dollar with each Tether token (USDT) being worth exactly one dollar.
As of last week that all changed. Bitfinex, Tether’s creator, severed ties with its auditing firm Friedman LLP, a company retained to ensure each USDT was indeed backed by a US dollar. Bitfinex confirmed the dissolution of the partnership in a statement:
We confirm that the relationship with Friedman is dissolved.  Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success
Without an auditing body, USDT broke parity with the US dollar shortly after the announcement, trading for the equivalent of 97 cents. Now, the US Commodity Futures Trading Commission wants a closer look at the token, its partnership with Bitfinex, and if each is indeed backed by fiat currency.

[nuskill]

ah correction was overdue.

on top wallstreet shorting and squeezing all the new bagholders that joined after christmas in the big rush.

Calm down and wait...we go up again. Its always the same

[alexey8080]

Another day, another bad news..

https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

[swami84]

Another day, another bad news..

https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

FUCK!!! I think the timing is right for fucking banks to spread FUD

[patrickj]

Another day, another bad news..

https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

FUCK!!! I think the timing is right for fucking banks to spread FUD

I think FUDs lead the bleeding of bitcoins but ofcourse some of news roaming around can be true and this cause the markets down. Remember that bitcoin is not a short investment rather it is for long term investment and we should be aware of that. So it's better to hodl for months and wait for the huge pumps that will happen.

[shandiem14]

I lost too much money due to this btc dip, What is the reason of this dip? Will it recover soon?

I think FUD news are spreading around the internet, better not to look at your portfolio or if i were you just stick to your campaign work out your self, be happy and things will be okay when bitcoin will recover same as altcoins.

[TwoSides]

These kind of dips is very common in crypto currency because of its high volatility. But this will also pass, I am not sure how many times different government created FUD that caused coins value to dip but it survived it all! Better stop looking at your portfolio if you don't intend to buy more on this kind of sale. Come back by March, there's speculations that the first quarter will be very bloody.

[tricker01]

I lost too much money due to this btc dip, What is the reason of this dip? Will it recover soon?

In my own perspective, I think it is just fair for Bitcoin to drop because of its volatility. Bitcoins price will go up again after some time, just be patient and You'll see that the price will skyrocket again. I think the drop happened because the value of Bitcoin has reached high volumes and it has skyrocketed by more than 50% of its current price in 2017. The drop is just a repercussion of the sky-high price of Bitcoin in 2017, the price will return to its normal state sometime this year. Although You have to be patient and hold You Bitcoins if You want to return the value You have invested.

I agree with you ! I Thinkwe nee to keepnout faith in bitcoin whenever there come a challenge like this. Bitcoin come to a monster fall down with any clear reason. And because of it we all loss money, but have a patience to hold your bitcoin  someday it will recover and back to the $19,000 last december 2017. It just need to resolve some issues.

[Leooo]

I think it is a matter of time and all this happening is related to big big whales who want to buy it at a steep cheap price and not related to india ban or any other similar shit.

[uDwcHYO]

normal correction, as well as many times before

[Leooo]

normal correction, as well as many times before

But it did not happen to this low price before.

[raffshore]

normal correction, as well as many times before

But it did not happen to this low price before.

please research before writing

📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack
📉 - 36% June 2012 from $7 to $4 Linod hack
📉 - 79% April 2013 from $266 to $54. MTGox stopped trading
📉 - 87% from $1166 to $170 November 2013 to January 2015
📉 - 49% Feb 2014 MTGox tanks
📉 - 40% September 2017 from $5000 to $2972 China ban
📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500

[Leooo]

normal correction, as well as many times before

But it did not happen to this low price before.

please research before writing

📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack
📉 - 36% June 2012 from $7 to $4 Linod hack
📉 - 79% April 2013 from $266 to $54. MTGox stopped trading
📉 - 87% from $1166 to $170 November 2013 to January 2015
📉 - 49% Feb 2014 MTGox tanks
📉 - 40% September 2017 from $5000 to $2972 China ban
📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500

Look at the price recovery after each event of these.

[zombies]

normal correction, as well as many times before

But it did not happen to this low price before.

please research before writing

📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack
📉 - 36% June 2012 from $7 to $4 Linod hack
📉 - 79% April 2013 from $266 to $54. MTGox stopped trading
📉 - 87% from $1166 to $170 November 2013 to January 2015
📉 - 49% Feb 2014 MTGox tanks
📉 - 40% September 2017 from $5000 to $2972 China ban
📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500

This time the fall is for real. My inside sources say G20 summit will bring the worst for crypto and will end it.

[sash1801]

How One Man Caused The Prices Of Cryptocurrencies To Plummet
31 year old Brandon Chez
 The creator of coinmarketcap.com (The most interesting) has been held responsible for this recent drop. The developer launched his site years ago in 2013, and it has been designed to tract the changing value of Bitcoin and other cryptocurrencies, by combining data from other exchanges. As virtual currencies became more popular, his website quickly became one of the most popular in the world.
here is the link to the source   https://cryptodaily.co.uk/2018/02/one-man-caused-prices-cryptocurrencies-plummet/

[Branko]

normal correction, as well as many times before

But it did not happen to this low price before.

please research before writing

📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack
📉 - 36% June 2012 from $7 to $4 Linod hack
📉 - 79% April 2013 from $266 to $54. MTGox stopped trading
📉 - 87% from $1166 to $170 November 2013 to January 2015
📉 - 49% Feb 2014 MTGox tanks
📉 - 40% September 2017 from $5000 to $2972 China ban
📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500

This time the fall is for real. My inside sources say G20 summit will bring the worst for crypto and will end it.

Bernanke and Soros personally told me its all FUD, and tomorrow I'll speak with some people
from JP Morgan and some other inside sources, but I'm pretty sure they'll all confirm its just a FUD, too

[zombies]

normal correction, as well as many times before

But it did not happen to this low price before.

please research before writing

📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack
📉 - 36% June 2012 from $7 to $4 Linod hack
📉 - 79% April 2013 from $266 to $54. MTGox stopped trading
📉 - 87% from $1166 to $170 November 2013 to January 2015
📉 - 49% Feb 2014 MTGox tanks
📉 - 40% September 2017 from $5000 to $2972 China ban
📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500

This time the fall is for real. My inside sources say G20 summit will bring the worst for crypto and will end it.

Bernanke and Soros personally told me its all FUD, and tomorrow I'll speak with some people
from JP Morgan and some other inside sources, but I'm pretty sure they'll all confirm its just a FUD, too

JPM is a big scam itself. They will con the innocent people like you and make you believe. They will make money but ultimate losers will be innocent people.

[carlbreezy]

As far as I know, India has banned cryptopcurrency. So the market goes down. In addition there are some other items related to USDT

I am not sure why everyone is saying India has banned crypto. Everyone I know in India is still trading crypto and will do so. India banned cryptocurrency use for illegal activities like sex trafficking, guns, terrorism etc. The amount of FUD going on by fake news is insane.

And that's why coins are dipping so hard. These news injects fear to investors, making them to sell their positions like mad people.