nhieutam2008 (OP)
Newbie
Offline
Activity: 13
Merit: 0
|
|
February 02, 2018, 02:04:12 PM |
|
Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$. Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value. Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value.
|
|
|
|
akkocoin
Member
Offline
Activity: 117
Merit: 12
|
|
February 02, 2018, 02:11:10 PM |
|
Do not need to be sad, it's just getting Bitcoin back to health, bitcoin's skyrocketing health before it's predicted that there will be a lot of people joining the world in 2018, so we'll be looking forward to the 2018 bitcoin.
|
|
|
|
TheySeeMeHodlingTheyHatin
Jr. Member
Offline
Activity: 70
Merit: 5
|
|
February 02, 2018, 02:17:38 PM |
|
no ! bitcoin drops because people dont believe in the tech ! they just wanna make a quick buck, so they sell when they think its not profitable
these people will pay the price in the future
|
|
|
|
Eterbank
Member
Offline
Activity: 143
Merit: 10
|
|
February 02, 2018, 02:20:33 PM |
|
no ! bitcoin drops because people dont believe in the tech ! they just wanna make a quick buck, so they sell when they think its not profitable
these people will pay the price in the future
With this i can fully agree. People are mainly buying bitcoins and crypto overall because they want to earn money, more like investment rather then using it as currency. To become independent from banks. Sad.
|
|
|
|
mrsamuelmills83
Newbie
Offline
Activity: 84
Merit: 0
|
|
February 02, 2018, 02:22:16 PM |
|
Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$. Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value. Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value. Don't you worry, don't you worry child. The heavens got a plan for you. Don't you worry, don't you worry now. Yeeah. Calvin Harris - Don't you worry child
|
|
|
|
smyslov
|
|
February 02, 2018, 02:25:05 PM |
|
Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$. Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value. Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value. It is because Bitcoin price can be manipulated and it is very volatile but we should not consider Bitcoin as dead the price is not dropping dramatically, it is very slow but also gaining slow just one good news and bitcoin is back on the right track again.
|
|
|
|
Kemarit
Legendary
Offline
Activity: 3108
Merit: 1356
|
|
February 02, 2018, 02:26:03 PM |
|
Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$. Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value. Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value. There's a lot of government going at crypto right now. Its a fact. From Asia to Europe. And this is a big hurdle that we all need to overcome. We are down but not out yet. But I advise you to look at crypto investment for long term. As much as everyone wants to see it hitting $20,000-$30,000 today, it will not always be the case. But if you recall just a few months back we are just about in the same range as today but then bitcoin shoots up to almost $20,000. So don't lose hope, bitcoin is very resilient from this kind of market correction, it keeps bouncing back and hitting all time highs afterwards.
|
|
|
|
renes
|
|
February 02, 2018, 02:29:34 PM |
|
I don't care about what governments say, it is a correction which need to be happen to me. I don't care I am always winner at both direction.
|
|
|
|
darkwingduck34
Newbie
Offline
Activity: 11
Merit: 0
|
|
February 02, 2018, 02:31:25 PM |
|
Actually we all give support to Bitcoin to change something on traditional economics. We should not care speculations.
|
|
|
|
Ilegendph
Full Member
Offline
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
|
|
February 02, 2018, 02:31:51 PM |
|
Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$. Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value. Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value. It is because Bitcoin price can be manipulated and it is very volatile but we should not consider Bitcoin as dead the price is not dropping dramatically, it is very slow but also gaining slow just one good news and bitcoin is back on the right track again. For me what happened is not manipulation but rather influence. Government cannot actually manipulate bitcoin since no one is owning it, what they do is that they influence their people or simply scare them to stay away from cryptocurrency specially bitcoin. I believe in the near future, government will stop from doing this if they see how they can help their people to make a secure investment with cryptocurrencies.
|
|
|
|
syaripudin
Sr. Member
Offline
Activity: 672
Merit: 253
CryptoTalk.Org - Get Paid for every Post!
|
|
February 02, 2018, 02:33:33 PM |
|
Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$. Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value. Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value. it is true there is some news about bitcoin which is about banning of bitcoin this is causing the reduction of investors out of bitcoin. but to date I'm still optimistic that bitcoin will again have an inflated price. it's just a matter of waiting time until bitcoin again has a very high value.
|
|
|
|
Kambal2000
|
|
February 02, 2018, 02:37:35 PM |
|
Well, a lot of bad news has come this year 2018 but that doesn't mean that it is already the end of bitcoin life as a matter of fact we are experiencing this just a test and it is just a normal behavior of one investment, so for me at some point media has a big impact in the price but would still stick to bitcoin no matter what.
|
|
|
|
evilgrin
Jr. Member
Offline
Activity: 63
Merit: 5
|
|
February 02, 2018, 02:40:36 PM |
|
Price going down, protocol improving constantly... who cares about the market price.
|
|
|
|
doomistake
|
|
February 02, 2018, 03:06:24 PM |
|
Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$. Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value. Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value. The Government seems jealous to bitcoin, being itself decentralized yet so expensive makes the Government to envy it and doing things that they think could destroy bitcoin slowly and so on(though there are some countries exception here). China is one of the countries showing envy to bitcoin, they banned ICO's and their local exchangers and that caused bitcoin's price to crashed. We don't know when will be the bitcoin's price is going to be stable again, for now, we should just hold our bitcoin, have patience on waiting until it skyrocket again to not waste profits.
|
|
|
|
TTITA
|
|
February 02, 2018, 03:32:09 PM |
|
no ! bitcoin drops because people dont believe in the tech ! they just wanna make a quick buck, so they sell when they think its not profitable
these people will pay the price in the future
You make good point. Since many countries have made regulation about restricted the using of bitcoin as digital payments transaction. So bitcoin has stuck, it's now difficult to find big retailer or companies that want to using it as payment method. They will certainly start thinking not to against this regulation. While this crypto technology is raised as an idea for online payment system renewal without a third party as its organizers or involving Bank. The effect was people nowadays starting buys Bitcoin for a trading asset only, nothing more interest in long hold investment. They are looking for fast gain profit from volatile market then sell it after. This is what makes things going worse. Bitcoin is no longer seen as the currency of the future, but rather a trading tool like gold, forex, commodities, etc.
|
|
|
|
ogini
Member
Offline
Activity: 406
Merit: 10
|
|
February 02, 2018, 03:36:41 PM |
|
Another effect of the drop is due to the increase in price ,new investors could not meet up with the price so they have to go for other Cryptocurrency an history also shows that at anytime Bitcoin crash there is also a big increase in price.
|
|
|
|
mrsamuelmills83
Newbie
Offline
Activity: 84
Merit: 0
|
|
February 02, 2018, 03:38:41 PM |
|
expect a nice pump coming in a few weeks. then everything will reach new all time highs! believe me guys , the history repeats itself
|
|
|
|
Brito
|
|
February 02, 2018, 03:49:23 PM |
|
There's nothing to worry about. The story is repeated, and before that there has been such a drop of 60% but then follows an increase. This is normal in the world of Bitcoin.
|
|
|
|
jomz312
Jr. Member
Offline
Activity: 56
Merit: 2
|
|
February 02, 2018, 05:27:54 PM |
|
The reasons why bitcoin prices dropped is....what the title said is, The Bad news.. Here is the bad news.
1.) Facebook ads ban.
2.) India's cryptocurrencies crackdown.
3.)bitfinex and tether concerns.
4.)crypto exchanges hack.
5.)Inherent volatility
I think that is the reasons why bitcoin or altcoin price dropped.
|
|
|
|
kier010
|
|
February 02, 2018, 11:32:08 PM |
|
Many government has said it will tighten virtual currency management, causing Bitcoin prices to fall below 9,000$. Bitcoin prices traded on Coinmarketcap at 8:40 am on Feb. 2 were around 8,779.76$, losing more than 14 percent of yesterday's value. Compared to the peak set in December 2017, Bitcoin lost more than 60% of its value. compared to the peak set in 2016 bitcoin have gain more. don't just focus on the present you have to look back at the past because it will change the way your thinking. many have buy bitcoin during in it highest hoping it will give quick profit now that it is dumping they also start selling it. some big group/holder can manipulate price to their own will and maybe they are starting a big plan this year.
|
|
|
|
|