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Author Topic: Why the price of bitcoin rapidly going down  (Read 5630 times)
Priestly131
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June 23, 2018, 11:30:44 PM
 #421

The banning of bitcoin in South Korea and France and it’s publicity in the media instilled some fear in most countries and investors as to how the future of bitcoin is going to be like. This I believe has affected the price of bitcoin negatively and has led to it’s downward trend.
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June 24, 2018, 12:22:14 AM
 #422

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

Yep! Bitcoin's price can surely be affected by the different false accusation. But that does not change the fact that bitcoin is true and has the highest reputation.
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June 24, 2018, 08:28:40 PM
 #423

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

Yes I think some people think and argue about why bitcoin prices go down, it's because panicked salespeople, let's consider such opinions, but all the ideas here are just a form of speculation and nothing can provide an accurate situation. I think this is just a market correction. The bitcoin will rise soon.
Yeah people are saying what they are thinking, but most of people are now a day thinking negative because price is falling, those who sells at panic becomes a reason for sharp fall in price. We should keep the demand of bitcoin high in market so price will not fall by holding, don’t listen to the fake news about crypto as it is normal not a big deal at all, have patience soon price will start rising once again.

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jaysabi
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June 24, 2018, 08:37:56 PM
 #424

The price rises and falls rapidly because Bitcoin is essentially not used for anything except speculation. Just as everyone one was piling in last year to speculate on the price rise, so are people now piling out speculating on the price fall. At least if Bitcoin had a general baseline utility, it would be much more stable, but everyone is just chasing gains and hoping to get rich by trading it. That's a horrible attribute for an asset you want to have long term stability.
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June 24, 2018, 09:39:33 PM
 #425

It could be from different reasons, as the government pressure, bad reviews, people get discouraged and lost their Faith in Bitcoin. Choose your...
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June 25, 2018, 03:18:52 AM
 #426

Fake or negative news involving the bitcoin is a one big reason of rapidly price down in the market. Because,some negative news can lead to many investors to panic,and sell their bitcoins immediately,fearing to lose it all,and that's the effects.
Yeah you know that crypto market is now very sensitive with few things, let alone bad news about crypto and speculation from some people will worsen,
bad news will make many people easily panic and sell their coins that cause double effect, and that's what keeps prices constantly down..
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June 25, 2018, 03:27:01 AM
 #427

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley

Yes I think some people think and argue about why bitcoin prices go down, it's because panicked salespeople, let's consider such opinions, but all the ideas here are just a form of speculation and nothing can provide an accurate situation. I think this is just a market correction. The bitcoin will rise soon.
Yeah people are saying what they are thinking, but most of people are now a day thinking negative because price is falling, those who sells at panic becomes a reason for sharp fall in price. We should keep the demand of bitcoin high in market so price will not fall by holding, don’t listen to the fake news about crypto as it is normal not a big deal at all, have patience soon price will start rising once again.

Everyone should know about this, but it's hard to see the exchange wallets amount become smaller and smaller day by day. It tortures spiritual on our mind. So most people choose to sell at panic to get out of exhaustion.
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June 25, 2018, 05:18:36 AM
 #428

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
There are many negative news that can cause FUD and people become panic and end up selling their bitcoins, I think the whales keep manipulating the price because there's a possible that their the one who spread negative news and one of the bad news I heard to my friend that one of the exchange site has been hacked so there's a chance that the market will fall again.
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June 25, 2018, 05:42:07 AM
 #429

I think the main reason behind this is the fake news regarding the bitcoin.Many people are disturbed with the news that bitcoin is going to end soon.This  news manipulate the mind of people and force them to sell their coins at such low rate which results in  overall lowering the price of BTC.If this scenario continues, than in coming months the price may fall down further.So it is adviced to invest more in BTC if we want the price of BTC should increase.

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June 25, 2018, 07:14:15 AM
 #430

Bitcoins are tending to go down because they have a lot of factors that cause them to break down a bit, do you know what those factors are? There are many opinions that it is because of the whale you think so?
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June 25, 2018, 07:41:42 AM
 #431

I also very much hope that the fall in the price of bitcoin is only temporary and soon will be its growth. Anyway, many other cryptocurrencies that are created on its basis also fall. In this regard, we want to feel the growth of the cryptocurrency market as soon as possible!
hatsoff2btc
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June 26, 2018, 07:44:44 AM
 #432

Bitcoin price goes down rapidly because of low demand and the negativity of people around Bitcoin. People gives negative feedback about Bitcoin than can make others fdeling discourage. They just always saying bad things about Bitcoin and may be one of the reasom why Bitcoin is rapidly goes low.
You are right that negative statements, low demand and market manipulation are the reasons for fall on the price. But I think that this fall is natural and this situation will continue for some time because the first big pump was unexpected and was not according to the market cap. Now the price is normal and will increase with the investment cap.
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June 26, 2018, 08:33:43 AM
 #433

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
This is will be just temporary and not permanent. Most of us, especially those of us that have been into this for a long time now already knows that this is a regular thing that happens almost all the time. And when it happens, after sometime, before the end of the year, the price will recover. So the best thing is just to HODL as long as you can and wait for the price to recover. But don’t forget to always cut your loss, no matter how things has been in the past, don’t use that to judge the present. Always calculate your steps.
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June 26, 2018, 10:10:21 AM
 #434

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
They do say that the price of Bitcoin at anytime is as a result of the rate of demand and supply. So this time around I believe it will also be the same reason and nothing. Another thing is that media controls us😏 many people are fond of listening to what the media has to say and they act accordingly.

Last year I can remember that there were some of them saying that there will be a correction to the price of Bitcoin. So many people believed them and withdrew their funds immediately. I don’t know if that’s the truth for sure, I’m just saying based on my own understanding.
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June 26, 2018, 10:45:37 AM
 #435

I think Bitcoin's price will not go down so fast, if Bitcoin's monetary decline a few weeks ago recovered partly a few days ago and there seems to be an upward trend in the market about future crypto currencies, so sometimes the price is down for investors maybe people buy more bitcoin and then the price will be fast high because there are many holders waiting for their profit.
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June 26, 2018, 10:59:30 AM
 #436

I positively think that the price of Bitcoin will not go down and down because we are on the mid quarter of the year where the price of Bitcoin actually plays everyday. We must be worry when the last quarter of the year comes where Bitcoin's best quarter of the whole year and these price drops still happening because it only means Bitcoin will never recover from the market. So for now the best weapon is to keep monitoring the price and be knowledgeable about the everday situations of bitcoin.
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June 26, 2018, 11:06:09 AM
 #437

I positively think that the price of Bitcoin will not go down and down because we are on the mid quarter of the year where the price of Bitcoin actually plays everyday. We must be worry when the last quarter of the year comes where Bitcoin's best quarter of the whole year and these price drops still happening because it only means Bitcoin will never recover from the market. So for now the best weapon is to keep monitoring the price and be knowledgeable about the everday situations of bitcoin.

Yes, this is the strategy a lot of us are doing right now, keep holding and having a long patiene. Let's see what's gonna happen in the last quarter of the year.
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June 26, 2018, 11:40:47 AM
 #438

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
The price of the bitcoin is rapidly going down because the whales are continuing to manipulate the cryptocurrency market. The supply and the demand is also the reason why the price of the bitcoin is declining.

 
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June 27, 2018, 06:15:17 AM
 #439

It could be from different reasons, as the government pressure, bad reviews, people get discouraged and lost their Faith in Bitcoin. Choose your...
One of the biggest reason is that it is banned by many countries. Almost all countries are worried about their economy and therefore had banned bitcoin, due to which its use is decreased greatly in many countries and so its price decreased and some people lost hope. They stopped investment in bitcoin, due to these reasons the price of bitcoin decreased.

 
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June 27, 2018, 07:04:27 AM
 #440


It is not permanently boss. If we see the btc price records in previous years you will find your Answer. I think there are some gamelar in crypt market who spreads wrong information, rummer about crypt currency. As a result when price of btc down they buy in low price and after some days when btc price grow high they sell it. As there are no real money of BTC people are always in fear about it. So when they see these rumer they sell it with loose on the other hand gamlar buy it in low price. Nothing to worry boss. It will recover soon.

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