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Author Topic: What caused Bitcoin goes down very hard recently?  (Read 858 times)
cpoer2011 (OP)
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February 05, 2018, 04:44:34 AM
Last edit: February 05, 2018, 06:54:57 AM by cpoer2011
 #1

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your participation.
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February 05, 2018, 04:45:29 AM
 #2

Why you have a doubt in that. Bitcoin is the best asset as compared to gold,silver, diamond than platinum. You won't get this huge profit as you get in bitcoin. If you had invested in bitcoin, you will get double or triple of invested money.Now the price of bitcoin is reducing ,don't sell it know.If you hold means,you will be rewarded for that.
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February 05, 2018, 04:49:10 AM
 #3

Pretty certain it's due to Asia banning crypto? Am I wrong?

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February 05, 2018, 04:52:43 AM
 #4

I think this is the result of panic in the entire cryptocurrency market.
All countries are ready to do more regulation of the cryptocurrency market, while facebook has banned the advertising of ICO, and the recent bad news has been too much, and everyone has lost confidence.

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February 05, 2018, 05:04:23 AM
 #5

This is due to South Korea, Facebook banning all ads that promote cryptocurrencies, India govt news about bitcoin etc. Also Panic sell and whales play may takes place. At the moment no panic sell. Hold your BTC,,, HOLD HOLD HOLD HOLD HOLD HOLD. buying time.....  IT WILL BOOM SOON.
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February 05, 2018, 05:06:23 AM
 #6

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your paticipation.

You as a full member of the most active bitcoin forum is supposed to behave two ways:
1. Know what is causing the dips and have more to say than "Any idea what caused it?"
2. Be least worried about it as you should be comfortable with the ups and downs by now because you believe in the technology and philosophy behind Bitcoin.

If you still have to ask such a newbie question then you are part of the reason that Bitcoin is going down. People who had no idea and no interest of the underlying principles have invested in it thinking they'll become billionaires like the winklevoss twins. This has made it susceptible to the stupidities of teeming millions who believe and form their viewpoints from 21st century media.
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February 05, 2018, 05:10:50 AM
 #7

Bitcoin is the best asset compared to gold, silver, diamonds from platinum, I think this is the result of panic across the cryptocurrency market, All countries are ready to do more regulation of crypto-card market, while facebook has banned the advertising of ICO, and bad news - this has been too much, and everyone has lost faith.
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February 05, 2018, 05:31:15 AM
 #8

I believe that this is pure market manipulation at this stage. There are some major speculators with lots of money that entered the market lately and these guys have bought enough bitcoins to manipulate the market. They are slowly dumping these coins and artificially forcing the price to go down. ^grrrrrrr^

The South Korean government already announced that they are only going to regulate Bitcoin more, and they are not planning to ban it and the same goes for India. This tells me that there are other things pushing the price down and the only thing that can do that, is the institutional capital that has entered Bitcoin. ^hmmmmm^ 

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bitcoinisbest
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February 05, 2018, 05:34:47 AM
 #9

I think this is the result of panic in the entire cryptocurrency market.
All countries are ready to do more regulation of the cryptocurrency market, while facebook has banned the advertising of ICO, and the recent bad news has been too much, and everyone has lost confidence.

Due to the negative news from couple of country regarding the ban on crypto currency have really hurt the bitcoin prices badly as people across world have sold in a panic situation. Though the news that India has ban the coin was media misinterpreted news that caused more the damage to the fall.
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February 05, 2018, 05:37:16 AM
 #10

Market Downturn? Consolidation? Market consolidation before a crazy boom up to 50k?

Different people are going to say different things about the market of Crypto, who knows what's going to go on. Though the only thing that I personally think is that some fake news scared some people in Crypto and led to a good amount of people selling off, that's my take on it though, we'll find out in a week or so whats really going on.




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February 05, 2018, 05:42:58 AM
 #11

Many people say it's because of the Asian market!

India's markets are in trouble, and the ministry of finance said in a statement that the encrypted digital currency was not a legal tender and was not subject to regulatory approval in India and could not be protected.

India also accounts for a large part of the BTC deal!
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February 05, 2018, 05:44:04 AM
 #12

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your paticipation.
Bitcoin price is going down because of the production and also demands for bitcoin is going down also. The other altcoins price goes up because it steals the investors of the bitcoin. We should promote the bitcoin again to make its price goes up again. This will help the bitcoin and we also benefits from the bitcoins price and earn an income through it.
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February 05, 2018, 05:44:23 AM
Merited by linkybit (5), cpoer2011 (1)
 #13

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your paticipation.

You as a full member of the most active bitcoin forum is supposed to behave two ways:
1. Know what is causing the dips and have more to say than "Any idea what caused it?"
2. Be least worried about it as you should be comfortable with the ups and downs by now because you believe in the technology and philosophy behind Bitcoin.

If you still have to ask such a newbie question then you are part of the reason that Bitcoin is going down. People who had no idea and no interest of the underlying principles have invested in it thinking they'll become billionaires like the winklevoss twins. This has made it susceptible to the stupidities of teeming millions who believe and form their viewpoints from 21st century media.

I think this forum is open to ask any question regarding bitcoin, if people like you are admins then no one can learn anything here. At least new members can learn something from these questions.

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February 05, 2018, 06:04:05 AM
 #14

Bitcoin is going down very hard till now after touch ATH last year. Any idea what caused it? And what the impact to other altcoins? Any opinion when bitcoin will be rise up again?

Feel free to answer my questions and thanks for your paticipation.
bitcoin fall always at the start of the year and always jump to its highest every november to december
sometime its always drop before christmas maybe because almost everyone sell some bitcoin for cash
after the drop in the start of the year it always climb slowly then jump high then drop but you can see that the price of bitcoin dont drop in the lowest price last year and it always break the highest price in the last year so we can say that in bitcoin you will always gain profit if you will just hold it and sell next year





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February 05, 2018, 06:18:29 AM
 #15

I don't know what will be happen , but I trust btc will be grow and up again ,regard my bro
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February 05, 2018, 06:22:50 AM
 #16

It is now BTC is down, maybe in March and next month BTC chart will rise. Hopefully
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February 05, 2018, 06:24:53 AM
 #17

i have a new idea which came to me just now!

maybe it is the altcoin bubble bursting that is also making it worse for bitcoin. you see all the altcoins were pumped and were in huge bubbles which have been bursting for the past week. and many of them have no way of going directly back to fiat so the way to choose is bitcoin.

people dump their shitcoins for bitcoin then sell bitcoin for fiat >>> bitcoin drops is intensified.

There is a FOMO brewing...
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February 05, 2018, 06:28:03 AM
 #18

because of scam ico, i think
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February 05, 2018, 06:33:52 AM
 #19

It same with life,,sometimes we will be down too not always on top...i think will be passion still hold that,,,I'm sure will be back to normal soon for bitcoin..the effect is that the exchange rate to the currency becomes cheaper but not problem if you have much coin
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February 05, 2018, 06:34:48 AM
 #20

A relatively big part of Bitcoin's dip in price would be the recent negative news about it being not accepted in certain countries and platforms. This includes the recent news on Facebook, China, and South Korea among others which have contributed to its price decrease. Although given this output, the strategic thing to do is to hold on to your bitcoins instead of cutting costs and selling them due to panic. After this dip, Bitcoin will slowly rise again through 2018 which would give it a better price for investment ratio.
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