akashark (OP)
Member
 Offline
Activity: 387
Merit: 12
|
 |
February 07, 2018, 12:49:31 AM |
|
Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
|
|
|
|
|
|
|
|
|
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
CryptoDemonElite
Jr. Member
Offline
Activity: 238
Merit: 7
|
|
February 07, 2018, 01:07:31 AM |
|
Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
There have been a lot of fear being put in the market. The main reason for yesterday price down was because China start to crack down on some ICO and ban Chinese user from using international exchanges. |
|
|
|
|
WhichIsGood
Member
Offline
Activity: 112
Merit: 10
Young, Dumb & Broke
|
|
February 07, 2018, 01:15:55 AM |
|
Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
I guess there are a lot of factors in play that is affecting the value of bitcoin at the moment. FUD's, the issue in China, facebook banning crypto ads, or maybe market manipulation just to name a few. We can never really pinpoint the exact reason. |
|
|
|
nightmanisrightman
Full Member
Offline
Activity: 252
Merit: 101
Global Risk Exchange - gref.io
|
|
February 07, 2018, 01:19:13 AM |
|
No one main reason, but a myraid of reasons why Bitcoin is suffering last few days. Although you should note Singapore came out and said they are all for it and believe it or not the USA did the same earlier today when the SEC and CFTC came out and essentially said similar things. Bullish signal for me, don't know about all you peeps.
|
|
|
|
|
tegarp90
|
|
February 07, 2018, 01:24:27 AM |
|
it's all because FUDs and bad news, it's an usual thing in crypto, the whales want to take more profit from it. if the price is always go up. how to make a living from trading ?
|
|
|
|
|
Meysa_richa
Member
Offline
Activity: 458
Merit: 10
|
|
February 07, 2018, 01:44:24 AM |
|
Why should we be tense with this condition, we just take this good opportunity by buying bitcoin again when the price is cheap like this and we surely profit, I think this decrease because of bad news news and the new year imlek that need a lot of money flat to celebrate, we are patient while there is nothing to worry about.
|
|
|
|
|
levvv
Member
Offline
Activity: 532
Merit: 17
|
|
February 07, 2018, 01:56:28 AM |
|
Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
There are many cause behind the fall of bitcoin price in market. one of them is FUD. because this FUD, many bitcoin holders sell the bitcoin and other crypto on the market, that cause the market price fall. but i think it will not stay too long in the bottom. |
|
|
|
|
rokon123
Newbie
Offline
Activity: 336
Merit: 0
|
|
February 07, 2018, 02:11:57 AM |
|
i think bitcoin price will up after 4-5 month.now i am also feel scared about bitcoin down price.  |
|
|
|
|
|
ruthbabe
|
|
February 07, 2018, 02:15:52 AM |
|
Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
One of the reasons I think is the impact of negative news. Such as the prospect of tougher regulation in China, South Korea, and India. Or, maybe it is due to credit cards ban in the US and Britan, banning card holders from buying Bitcoin and other coins using their cards. |
|
|
|
yuyuchain
Member
Offline
Activity: 102
Merit: 14
|
|
February 07, 2018, 02:34:17 AM |
|
I think the main reason is that the government's policy on the prohibition of bitcoin affects the price of bitcoin, and the holiday of the Oriental Spring Festival may also have some impact.
|
|
|
|
|
Untold
Full Member
Offline
Activity: 262
Merit: 181
BitcoinTalk's Premier Design Service @UntoldDesign
|
|
February 07, 2018, 04:06:52 AM |
|
I would say a lot of the reason is people selling the news, but there was a bit of an overall effect on the global market which could have caused the issue. Impossible to say exactly what it is, there was a lot of news happening over the last week or so that could have had an effect, and now that things have slowed down on the negative news side and picked up on the positive. There was a fantastic post on Reddit yesterday which I can link below: https://www.reddit.com/r/CryptoCurrency/comments/7vga1y/i_will_tell_you_exactly_what_is_going_on_here/This user goes into great depth about why prices fluctuate and it's a great read. Thanks and take care, -Untold |
|
|
|
Jetakenare
Newbie
Offline
Activity: 149
Merit: 0
|
|
February 07, 2018, 04:26:02 AM |
|
All about money. Those whales are not playing. They will do anything to get in cheap. Remember Jp Morgan in October 2017?
|
|
|
|
|
RACallanta
Member
Offline
Activity: 182
Merit: 11
|
|
February 07, 2018, 04:33:12 AM |
|
well i think this case is normal. because when i started joining in this cryptoworld the price of bitcoin is 100k+ Philippine money. and after a long time the price of bitcoin is not stable sometimes it got the higher price sometimes it low but i dont know why. and suddenly i know it,some reason is the investor that withdraw thier balance on thier account, and because of the low price of bitcoin, a lot of investors will encourage other people to enter in this cryptoworld to invest thier money..
|
|
|
|
iryboy
Member
Offline
Activity: 210
Merit: 10
|
|
February 07, 2018, 04:41:21 AM |
|
Don't panic Bitcoin eventually recover it may take some months but it'll for sure recover. Also never put all of your money into crypto trading as it is very risky. Invest only which you afford to lose.
|
|
|
|
|
Vannie12
|
|
February 07, 2018, 04:54:44 AM |
|
Well it not bitcoin's fault if your brother invested a lot. Can you guess who's fault it is ?
Dumps never stay long. Even in days prices are already starting to recover. But in my opinion it will recover to as fast as you would expect it could.
Maybe expect few more dumps for a while.
Surely, this is still because of high fees and slow transactions. Chaos all over the place. Not to mention panic selling
|
|
|
|
|
btccointalk
Member
Offline
Activity: 336
Merit: 20
|
|
February 07, 2018, 04:58:14 AM |
|
I think we should not be worried about the current bitcoin price It may rise up tomorrow again as it keeps on changing.
|
|
|
|
|
datodota002
|
|
February 07, 2018, 05:10:09 AM |
|
i feel bad for your brother, but this is the lesson for ur to not put all of your money on bitcoin, like people say "use money that you can afford to lose". Because bitcoin is very unpredictible and bitcoin still not legalized on most of country. so it's still very risky to use all of your money to bitcoin.
|
|
|
|
|
paxaway21
Member
Offline
Activity: 364
Merit: 10
|
|
February 07, 2018, 05:14:41 AM |
|
the reason is that the bitcoin suddenly drops and many are surprised because china does not want bitcoin and they have an event in china that wants to ban bitcoin and remove trading platforms and other people and sell and sell them That's bitcoin I know why bitcoin drops
|
|
|
|
|
|
mindfly09
|
|
February 07, 2018, 06:53:31 AM |
|
In my opinion the main reason for bitcoin price down because some people or the investors heard a bad news about bitcoin. So people want secure their money, and it causes they stop invest. But we don't worry, because it will rise again soon. The other reason is the government ban bitcoin, so it affects price is down. But we don't worry because btc price is not stable sometimes its drop and rise.
|
|
|
|
|
|
captin crunch
|
|
February 07, 2018, 07:07:05 AM |
|
Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
First of all main thing everyone should consider while investing it that there is risk of lose, so we should invest only the amount of money we can afford. Second thing is that reasons are different, politics, worldwide trends, investment amounts and etc. |
|
|
|
|
