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Author Topic: Why the price of bitcoin rapidly going down  (Read 5640 times)
Bitcoin2009
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August 13, 2018, 03:28:38 PM
 #861

The price of bitcoin is volatile, and price movement is difficult to predict. Today the trend is one, and tomorrow there is a change and the price moves in the opposite direction.

Bitcoin will be forever like this, prices will go up and down like a roller coaster, with facts like this we can actually get big profits because there is always the opportunity to buy cheaply and sell at high prices, the most important thing is always be patient.

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leavefifa
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August 14, 2018, 01:28:29 PM
 #862

Bitcoin is currently declining. Even deep down if compared with the end of 2017. Bitcoin is no longer attractive to investors after the increase in value to 20,000 US dollars. Then there is the negative information from the big reputable investors in the world. In addition, the impact of many countries with the Bitcoin ban has also greatly affected the value of Bitcoin.
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August 14, 2018, 01:31:32 PM
 #863

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.



I think thanks to the news in the G20 saying that they will discuss the benefits of cryptocurrency, bitcoin has restored its value and hopefully it can rise more.
Although the value of bitcoin will drop due to news from Google about the ban on cryptocurrency and ICO related advertisements. But not only that, Twitter and Instagram according to some articles also make these actions. Although that is unverified information but it makes a stir in the market so it has played a role in reducing the value of bitcoin.
No. The G20 has mentioned Bitcoin but is just out of the sidelines of the conference. The G20 nations' financial economists have had a swift discussion on Bitcoin issues but have not reached a common consensus. The issue of Bitcoin is still a big question for many people about the issue of legal existence. Hopefully in the future, major countries will have a common consensus on this issue.
KeepupSlim
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August 14, 2018, 01:51:36 PM
 #864

It's not going that rapidly now, it surfs between 5900 and 6300 dollars right now, it's altcoins that suffer the most at the moment.
KorakPawon
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August 14, 2018, 02:03:00 PM
 #865

in the world of trade or business there is no lasting value, rising prices will not be forever nor will the price go down forever, both will only temporarily fold.
the point is whatever is going on be calm don't panic especially when the price goes down, the thing you should not do is panic.
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August 14, 2018, 02:28:18 PM
 #866

The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary. Smiley
As you notice the value of bitcoin this month is rapidly decreasing but sometimes it increased a little bit. We must consider that many FUDS are everywhere and people keep selling their bitcoins with the reason that they panic cause of the cheap value of btc. This will be temporary.

 
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BitcoinTurk
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August 14, 2018, 02:36:00 PM
 #867

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

If we look at this on a yearly basis, we see that there is a massive drop in demand, and it is a fact that the fall in demand reflects in proportion to the price. In addition, demand for the declining demand followed the period of the bull market and the era of the bear market. During this period, we can see that large investors, who have a good budget, decrease prices by selling intensively. Of course, after these sales, panic sales are starting and these investors have the opportunity to make new purchases at a lower price. On the other hand, there is a popularity that unfortunately the cryptocurrencies and Bitcoin has reached to a very low level on an annual basis. This is the case until the time comes, or when the market will recover, it is difficult to estimate it, but it is also inevitable that we will see the old market prices again.

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August 14, 2018, 05:50:59 PM
 #868

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 most obvious reason is that Bitcoin prices are the strongest, which is the sell-off psychology from investors. Young trader and inexperienced trader easily fall into panic when the market shows signs of decline, followed by a wave of selling off and the situation becomes worse.
Emigham7
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August 14, 2018, 06:22:03 PM
 #869

What goes up must come down. It a normal phenomenon in any kind of investment. Up a little and down a little. If bitcoin continue to climb up without shaking, then,there will be a terrible crashing down which may be very difficult to survive.
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August 14, 2018, 07:20:00 PM
 #870

Now it is obviosly caused by SEC. They postponed the decision and supported bearish trend of last month.

bizalaz
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August 14, 2018, 07:39:52 PM
 #871

The price of bitcoin is reduced without any fundamental factors. Now the fall is due to the manipulation of large traders, but soon I think the growth will start again.
ogabonny
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August 14, 2018, 07:50:19 PM
 #872

No one can say for certain why the price is hitting lower when the reverse should be the case, I suspect it being manipulated by some whales
ogabonny
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August 14, 2018, 07:53:34 PM
 #873

Now it is obviosly caused by SEC. They postponed the decision and supported bearish trend of last month.
The dip is ovbiously related to the SEC announcement, I would have expected people to HODL till September, not sell off.maybe the manipulation is towards the eventual ETF approval
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August 14, 2018, 08:07:39 PM
 #874

The scepticism surrounding BTC has led some experts to suggest the cryptocurrency market leader may have found a new bottom.
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August 14, 2018, 08:09:32 PM
 #875

More sellers than buyers.  I do believe this is market manipulation though.  We just need to maintain through this rough patch until the manipulators are done manipulating. 
maianh09
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August 14, 2018, 08:15:55 PM
 #876

I think the crypto billionaire is trying to create a big trap. They are building something that can help them make a profit. Things are going crazy, and things are getting worse for small investors, but it is fun for big investors.
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August 14, 2018, 11:08:36 PM
 #877

The price of bitcoin falls due to the fact that many people sell their bitcoins for Fiat and thus the demand falls. But in 2018 there will be a lot of good and positive news at the end of the year, so we are waiting for the market to stabilize.

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August 14, 2018, 11:35:07 PM
 #878

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 some countries banned the Bitcoin. I'm not really sure. This may affect the price of bitcoin this year.
Pinoyfan
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August 15, 2018, 01:08:50 AM
 #879

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 bitcoin prices are going down rapidly due to the impact of the economy. The world economy is going down and the number of people buying bitcoin is less. This makes the bitcoin prices drop sharply. Many large corporations do not want to invest in bitcoin making it drastically reduced.
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August 15, 2018, 02:04:18 AM
 #880

I haven't read the news about cyrpto currency kanapa, the price has declined and almost all types of cyrpto currency have experienced, maybe it can also be caused by global economic conditions, but in my opinion the price decline is only temporary, we must be able to take advantage of the moment of price reduction by buying more bitcoin or altcoin
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