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Author Topic: Why the price of bitcoin rapidly going down  (Read 5630 times)
Maddinson100
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July 07, 2018, 06:21:34 AM
 #541

My personal take on this rapid downtrend of Bitcoin's value is due to all the rumors we keep on hearing regarding it, like "Bitcoin is dead"; "the bitcoin bubble is about to burst"; "the end is near, sell your coins"; "Bitcoin is banned all over the world" and all the others. This is killing the people's interest on Bitcoin, giving a lot of fear and doubts to potential investors even to the people who are already in the game, so once the fear, uncertainties and doubts sink in, more often than not, they will do panic selling which is not going to help anyone at all.

Agree with your great perspective, in addition with the current economic crisis in each countries it greatly affect bitcoin price also to rapidly going down, because great investors are not really investing on it due to lots of supply and low in demand that results to non profitable investment at all. But this is normal of cryptocurrencies invironment that sometimes fall but it will recover in the end.
Yes, many people take advantage of the high price of bitcoin but I think the banning of bitcoin by many governments can also be a great reason in this regard because it greatly decreases the use of bitcoin in a certain area and people sell bitcoin due to the ban because they have no other way. This damages both the country and bitcoin but still some countries ban it, due to which its price is greatly reduced.
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NevejElad
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July 07, 2018, 08:02:15 AM
 #542

The price of bitcoin rapidly going down ,maybe there are a lot of supply of coins being dumped in the coin market, and it get bigger and bigger supply of coins , this will make the rapid fall down of price value in the market now , so for the holders of bitcoin ,just be patient and hold your bitcoin as possible to stop the downfall of the market now
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July 07, 2018, 08:50:01 AM
 #543

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


That's because of Bitcoin holders panic selling their stock but this price getting slow is not permanent bitcoin price is bubble and sometimes it will become color green that's the big sign of a good development of price. this will take chances for a new investor to join in bitcoin industry.
because if all the time bitcoin is too much very high price no low class of living can afford to buy of stock that's why tis gonna be happen.
Babyhouse
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July 07, 2018, 12:53:50 PM
 #544

Trading or investing in cryptocurrency is a psychological war against yourself. Bitcoin price is rapidly going down since the trend of market is volatile. We must expect that it will fluctuate. It will experience its downfall but I think it will rise again.
xbl1008
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July 07, 2018, 02:43:05 PM
 #545

Its just a matter of time where bitcoin will slowly climb back again 2017 is just too phenomenal for bitcoin that it even reach a parabolic state rising up to $20,000 where as people are up for bitcoin because its too profitable even those who are not supporting the system joined the game not knowingly what will happen to the market after the price going wild this is just a huge correction for bitcoin and I believe it will rise up again and once again the world will be crazy.
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July 07, 2018, 03:07:53 PM
 #546

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 of course this changes in price is not forever and it is only temporary... It is a normal situation in the market...  Sometimes it will rie up and sometimes it fall down...  We must expect always it to happen...  But always remember that after the long time of downfall of price the nexrt of it is it will soar high...  So be patient...
price moves up and down, so dont worry while bitcoin price and altcoin price fallen.it always happen to market.the thing we need is our patience to wait price recover.
Bitcoin price is never been stable. Since from the very start. The change of demands and supply simple affect the price of each coins in the market specialy bitcoin. The last months are the low months of bitcoin hopefully the good price will come soon.
xitrum
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July 07, 2018, 04:14:25 PM
 #547

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
You can see that bitcoin prices have been dropping sharply since the $ 19800 mark, the market is continuously going down and the current bitcoin price has fallen to $ 6500. You can clearly see that bitcoin bubbles are starting to break and bitcoin prices are constantly falling. I believe that at this point the market will be able to continue falling and bitcoin prices will fall further in coming days.

Renampun
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July 07, 2018, 04:33:38 PM
 #548

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
In my own opinion, people starts selling their bitcoin when the price starts to fall down, that is why it continues to fall down. Also, there are nany countries started to banned bitcoin and there are some false news about it, causes bitcoin's price to decrease.
the term is Dump, usually people panic and then sell their coins, it's a lot and often happens when the graph is red, while still a beginner I often do it, very panicked when the price goes down then do a loss  Cheesy

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July 07, 2018, 04:46:54 PM
 #549

with a lot of ico popping up, btc is used for trade to alt coin also being one of the declining btc prices. btc used ico in withdraw to Fiat to finance their projet make the btc price increasingly weakened day. many users from countries that declare war on crypto currency make citizens in the country immediately withdraw their funds, possibly btc will strengthen that part of the mystery crypto currency.

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July 07, 2018, 04:59:08 PM
 #550

Personally according to technical analysis I expect that Bitcoin wil correct now to 6,2K$, and increase till 7,8K$ by middle of september. After that it will fall down to 3K$. It may be because of manipulations, regulations by the goverenments and etc.
kingxtian18
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July 07, 2018, 05:03:32 PM
 #551

Because of the bad news that affect the price and make a person to do panic selling that can make the price down continuously. Sometimes whales control the price to going down and up . 
jblittle00
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July 07, 2018, 05:11:15 PM
 #552

Every time there's news about government restrictions on cryptocurrency, the value of Bitcoin coins down. When it climbs back up, more news will come out and push the price down again. This happens over and over again. Cryptocurrency is a threat to governments and financial institutions and there's no other way to control price, than by putting a scare into the general public about it. Soon, they'll grow more comfortable with crypto and will create more control for themselves, and will not need to keep scaring the public about it. That's when the price will become less volatile and settle in.
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July 07, 2018, 05:14:54 PM
 #553

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 value of bitcoin is rapidly hoing down because it is volatile and we can't deny the fact that it is unstable. However, no matter how low the price drops, it will still go back to normal so we must just keep calm during this time. The market will recover soon so keep hodling.

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July 07, 2018, 05:23:41 PM
 #554

The bitcoin price drop I think is only temporary. this is normal in the crypto world. I'm sure the rise in bitcoin prices by the end of the year will be great because everyone will buy bitcoins at today's cheap prices.

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July 07, 2018, 08:20:43 PM
 #555

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 of course this changes in price is not forever and it is only temporary... It is a normal situation in the market...  Sometimes it will rie up and sometimes it fall down...  We must expect always it to happen...  But always remember that after the long time of downfall of price the nexrt of it is it will soar high...  So be patient...
i also believe that its price will go high because a lot of investors have hold bitcoin which is also one of the reason that its price is low.
Crystal24
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July 07, 2018, 08:45:55 PM
 #556

We should understand first and foremost that its in the nature of be volatile.

So its a  given for the price to be always in a swinging trend.
fredo123
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July 07, 2018, 09:36:41 PM
 #557

Bitcoin is designed to fluctuate consistently, It matter's on the supply and demand, The more investor's the merrier, This is my simple point of view, However as we go on, There are also sprouting ICO's who wants to challenge bitcoins, Alt-coins are also part of competitor, this will give investors an idea of where to choose,
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July 07, 2018, 10:28:32 PM
 #558

The price of bitcoin is rapidly going down , it might that the whales are continue to dumped huge supply of coins in the market ,because others also think of this happenning , and that there are a lot of supply of tokens in the market and makes the price value of all altcoins falling down too low.

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Sled
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July 08, 2018, 03:17:05 AM
 #559

Bitcoin is designed to fluctuate consistently, It matter's on the supply and demand, The more investor's the merrier, This is my simple point of view, However as we go on, There are also sprouting ICO's who wants to challenge bitcoins, Alt-coins are also part of competitor, this will give investors an idea of where to choose,
All of the cryptocurrencies are used to fluctuate so much because there is no government that are regulating the market of the cryptocurrency and i think that it is just a good thing to have because in that market, we can easily do day trading. Supply and demand is not always the basis here because there are whales who are manipulating the market.
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July 08, 2018, 04:52:39 AM
 #560

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

clear in the world of commerce nothing is everlasting, the price rises ga continue to rise. must be dead, there must be a ride down, now bitcoin price down yes it is also surely temporary, cman time will answer when it goes up again.
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