Mardilyn (OP)
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February 04, 2018, 01:15:22 PM |
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As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.
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gatti
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February 04, 2018, 01:21:56 PM |
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As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.
Yesterday the price of bitcoin reach more than 9100$,by seeing the value people from India may sell due to panic.It may be the cause for the price fall.Asusual when the selling of bitcoin is increased, price will reduce some how. |
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Hexcolyte
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February 04, 2018, 01:22:16 PM |
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As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.
Exactly, it is unpredictable since it is an open market where virtually everyone on Earth can take part. Recently, many governements starting to notice the impact of Bitcoin to the economy and decided to take some control over it. |
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Xenrise
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February 04, 2018, 01:23:19 PM |
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I really don't know what's going on right now. First off, FUDS. These FUDS really affected the price of bitcoin and right now? I don't know what's going on anymore. I think, something like it is just natural because the market right now is bear. I have something I saw from a group in fb that bitcoin will retain its position at 5k from right now to May and will go to 10k-11 in December 2018. I don't believe in that thing but I just shared that in here.
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Thanasis
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February 04, 2018, 01:26:55 PM |
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As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.
I think now people are more scared to invest on the bitcoins because of its too volatile with the price before a month the price is nearly $20K but now the price is around $9K just down to half in a very less time period so people lose interest on crypto currencies.And the other factors are regulations from many countries od crypto currencies so the people of that country don't contribute for a while because they don't know the exact status there so it needs some time to recover from these kind of issues. |
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lamcouz
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February 04, 2018, 01:28:41 PM |
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Nobody sells bitcoin for fun, there are severals reasons why they sell bitcoin. First they might be facing a cash shortage and they just cash their bitcoin out to get cash flow. Second, they could be making profit realization. Third, because of their county, they might be afraid of rigid government.
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Rodon
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February 04, 2018, 01:29:19 PM |
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Bitcoin is going down because the demand is too low: like in 2017 there were so many traders, but now i think the traders take a rest. That would explain why the demand is too low.
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erickkyut
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February 04, 2018, 01:36:32 PM |
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I think the reason why Bitcoin price is going down because of the FUD that India and South Korea banned it. There are some news that those fake news were manipulated by the whales so that they can add more Bitcoin and altcoins on their investments. Do not panic. After a few months, everything will be ok.
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Baofeng
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February 04, 2018, 01:37:16 PM |
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As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.
Yes, because governments all over the world are working together to bring bitcoin and crypto to its knees. They are really afraid how disrupted it is, but it doesn't make sense at all. Why the hell will it be disrupted when only a few % of the total population on the planet have been into crypto? If they are afraid that its being used by criminals then they can easily track it down in blockchain network. I really thought that we are in the process of recovery, but I spoke too soon. It looks like that it went below $9K. Investors are really afraid and just want to wait it out. This is gonna be long so that best thing to do is just hold on our crypto assets. |
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brokens
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February 04, 2018, 01:38:49 PM |
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all the price altcoin and bitcoin now experienced a drastic price reduction, seems people who hoby do trading sell and buy, must be careful because it is not obtained a profit that can be even big losses. I hope all the price bitcoin and altcoin come back up like the on previous price.
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tegarp90
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February 04, 2018, 01:40:09 PM |
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if you looked back since 2014, bitcoin drops every january-february in every year since 2014, i don't know it accidental event or no but it already happened 4 times in a row. maybe this is a strategy for long time traders ( the whales ) for getting lots of money with not much effort in trading (they just entered at the right time and if they sell the price will going down so deep)
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Regoldiamond
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February 04, 2018, 01:41:53 PM
Last edit: February 04, 2018, 01:54:33 PM by Regoldiamond |
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and also that affect the price of bitcoin down is because many amateur investors are scared by the outstanding news, about FUD. I'm afraid they dare to buy high prices and sell cheap. so, this is wretched. In some exchanges, I see a lot of people selling their BTC when prices go down rather than buying making demand decrease.
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ss890
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February 04, 2018, 01:43:00 PM |
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Until the prices dropped to 10K or even 9.5K then it was predicable from the few factors as to why the prices are going down. For example, until the mentioned prices were reaching there were many bans that happened like Indonesia, Korea, china, etc. The after was supposed to be panic sell and thus the fallen market cap. The result was lowered value without any further explanation not needed. Also, later on we had the lunar new year and people were cashing out everything for their personal use. So, that one was explained!
But the later part where we are going down to 8K etc, is really bad move of the bitcoin. This I dont really think is good sign of anything. There is not even big news thats coming which can make the thing worst. We need real answers for the later part as it is going off the chart really.
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colenax
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Bcnex - The Ultimate Blockchain Trading Platform
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February 04, 2018, 01:54:03 PM |
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yes, one of the factors due to some prohibitions and rumors that occurred, the result of the correction that occurred in 2017, bitcoin rises fairly quickly. the current impact of the correction occurs and plus some rumors such as the ban. this is what makes bitcoin down according to my understanding.
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Niflore
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February 04, 2018, 02:04:18 PM |
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Weak demand and very bad news coming out almost every day. People are cashing out on massive profits.
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Df9898
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February 04, 2018, 02:29:28 PM |
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Because people had much BTC sell much BTC and made BTC fall down and make the price low
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Nfp
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February 04, 2018, 03:04:15 PM |
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As to this writing Bitcoin price is $8,618.99. Bitcoin price is really unpredictable. This is maybe because some of the countries Government does not consider cryptocurrencies a legal tender or coin and some of them take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.
The market value of bitcoin now a days is seriously dropped to its lowest price on this year 2018, and it's maybe because of those FUDs or fake news that are spreads all over to some crypto news sites. That can cause a panic selling for those bitcoin holders that are afraid of losing more of their capital that leads them to loss a lot of money instead. But i think it's only a tactic of those big time holders to manipulate its price, so they can make their investment to a cheaper price and make a huge profit when the bitcoin price is coming back to its highest price after the dropping. |
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Doge dealer
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February 05, 2018, 11:06:20 PM |
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bitcoins have been volatile from day one , so once you find that speculation in the market has increased you can also expect the volatility to increase some countries have tried to cull the use of bitcoins but are they successful in doing that , the answer is always no , what they are creating is a black market type situation which will eventually fuel the price volatility of bitcoins. Governments the world over continue express anti crypto currency sentiments so even though this isn't directly responsible for the fallout it does contribute .
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rockyfeller
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February 05, 2018, 11:10:29 PM |
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First of all, Bitcoin is very volatile the price may increase and decrease for a short period of time. We will see a good bounce back very soon as we encountered many fud news this month it will be good after rain and when there's rainbow Price will increase gradually!
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MiF
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February 05, 2018, 11:16:24 PM |
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First of all, Bitcoin is very volatile the price may increase and decrease for a short period of time. We will see a good bounce back very soon as we encountered many fud news this month it will be good after rain and when there's rainbow Price will increase gradually!
This is already been expected from a long time ago bitcoin price is unstable.We really don't know the action of some big country sometimes they really do an action that the people around may dis courage in bitcoin and they really gain from our fear.People around may do panic selling on this huge dropping of the bitcoin price.My suggestion is we really need to hold don't let that there are some people who gain from the fear of ours. |
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