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Author Topic: Why the price of bitcoin rapidly going down  (Read 5260 times)
Ashong Salonga
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July 28, 2018, 01:38:31 PM
 #701

I think everything happens now has a reason bitcoin has always had a fud news and the investor was looking of it just hodl your bitcoin and wait for the comeback of it.
In my opinion the price of bitcoin is going down because a lot of people is selling there bitcoin even the market is not in good condition and i also think that the other reason why the price of bitcoin is dumping is when some investor stops on buying bitcoin.

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Bionicgalaxy
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July 28, 2018, 02:36:13 PM
 #702

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 point of view, the price of bitcoin is rapidly going down because a lot of people are selling their bitcoins and many countries started to banned bitcoin. That is why people had just stop buying and holding bitcoins. Hoping that bitcoin would raise its price again.
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July 28, 2018, 03:30:23 PM
 #703

It should be related to that many were selling their bitcoins and some of the news in media such as crypto bans in some countries, Facebook, Twitter etc. Hopefully now we are out of the bearish market, and I would not be surprised if price hits 10k USD again soon

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July 28, 2018, 04:12:33 PM
 #704

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
I think it is because of the google. Recently, they banned cryptocurrency related ads and ICO. In any case, because of the news on G20 that says they will handle about the advantages of cryptocurrency, bitcoin has recuperated its esteem and ideally to move up additional.
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July 29, 2018, 09:28:37 AM
 #705

It is just normal that bitcoin price was going down because it has a characteristics of volatility, so don't worry because its price will be rise again. You only need to do is to have patience for waiting of the higher price  Smiley

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July 29, 2018, 09:39:36 AM
 #706

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 is no such thing to be worried about the price of bitcoin rapidly going down because its just a normal situation. Bitcoin is volatile  so just focus your attention to your investment in bitcoin because soon the price of bitcoin will go back to rise-up again.
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July 29, 2018, 11:09:42 AM
 #707

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 is no such thing to be worried about the price of bitcoin rapidly going down because its just a normal situation. Bitcoin is volatile  so just focus your attention to your investment in bitcoin because soon the price of bitcoin will go back to rise-up again.

Yes, I agree, the price of bitcoin will surely rise again and it is just a matter of time and effort also a very long patience to keep holding and selling it in the right time.
Michaelpascual
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July 29, 2018, 10:24:29 PM
 #708

The bitcoin is rapidly going down it is because of the rumors that being spread out. Yes, we heart it out that, bitcoin banned in other countries, because of its lower prices. In this year 2018 The prices is rapidly going down. We don't Have to fear about it. Soon, when bitcoin will become on top, it will become valuable. And other countries may value bitcoin someday.
neite99
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July 29, 2018, 10:59:05 PM
 #709

I believe that this is a normal correction,  there is not a balance on supply and demand in btc and the price goes down. The market has to go up and down. It's just a temporary thing I guess which will leave a room to an increase after a period of time.
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July 29, 2018, 11:17:23 PM
 #710

Bitcoin price are rapidly goes down because some of  holders are selling there bitcoin and some are panicking to sell bitcoin. I think these is the reason why bitcoin price goes down . Its really happen that the price of bitcoin are not stable so we need to wait again till bitcoin price goes up again.

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July 30, 2018, 01:18:29 AM
 #711

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



Actually this is because of some Bitcoin  Holder Selling their Stock that is start last December 2017 until june 2018, look at the price now it is almost stable and sometimes gradually growing up from 6,000 USD from last quarter of june 2018 up to now date 07-30-2018 it was so nice because we have now 8,000USD as of today.
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July 30, 2018, 02:03:09 AM
 #712

I guess so. One reason why this might happen is because of the nature of how cryptocurrencies work. This is the one I would bet on the most. There are about million factors that can affect the value of bitcoin or altcoins, and these drops are something that was only natural and expected, especially now that the market is flooded with more investors than ever. The fact that over 40% of bitcoin is owned by around 1000 investors who are for this reason able to significantly influence the market. This means they can manipulate it if they wanted to.
Aiiimm
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July 30, 2018, 08:01:06 AM
 #713

What is the reason why bitcoin prices are so low? Due to the negative news that is now spreading bitcoin is a fake scam or whatever. If you remember that in 2017 the price of bitcoin is very high but why now 2018 is too low. Due to the negative news that people hear they are nervous and panic but there is no need to worry because one day the price of bitcoin will be stable
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July 30, 2018, 09:33:54 AM
 #714

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 market is showing very positive signs, you can see that bitcoin prices are constantly fluctuating and adjusting strongly in the past few days and are recovering very quickly. Bitocin price is now adjusting to $ 8200 and I believe that bitcoin prices will probably continue to increase in the coming days and to be able to rise sharply this adjustment is necessary.
Ava Duvall
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July 30, 2018, 10:10:29 AM
 #715

Price of BTC is always affected by different thing and sometimes there's nothing to do with that. Sometimes we experience rapid changes of course but actually BTC is very stable in comparison with other crypto.
Alot of things impact bitcoin, and it fluctuates all the time, but yes i would agree that out of all cryptocurrencies it is one of he most stable.
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July 30, 2018, 10:11:19 AM
 #716

With my mind, part of the reason is the negative predictions from the analyst team, the virtual currency market recently also appeared a lot of bad news, raising doubts about the safety of money investment virtual. This also contributed to lowering bitcoin prices.
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July 30, 2018, 10:22:44 AM
 #717

It is just matter of time we see a big whale pouring in money and we will see a pump. I expect hat in next 1-2 months.
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July 30, 2018, 10:26:26 AM
 #718

If you see the latest trends, prices are on rise now. I will say that I expect a big pump coming now.
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July 30, 2018, 10:32:34 AM
 #719

This is the trend of trading platform, When you go to buy and sell then you may have this type of situation. It's called market manipulation. Sometimes the price goes up and sometimes the price goes down. It's a normal process for every stock platform.
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July 30, 2018, 11:56:42 AM
 #720

I think there is some reasons of this down fall of bitcoin price, some of them are some rumors  against bitcoin ( some countries wants to ban digital currency) is one main cause & secondly Facebook, Twitter & Google were taking step to ban crypto Ad on their platform.
The last one is the correction of bitcoin which is still on going. But we hope bitcoin will stable soon.

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