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Author Topic: The bitcoin why Bitcoin's price fell.  (Read 291 times)
monchi (OP)
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March 22, 2018, 07:01:21 PM
 #1

This is a post that came from bloomberg. The news seems credible since it came from a well known site.

The reason why bitcoin price fell is Japan's Financial Services Agency was said to be planning to tell Binance to stop operating without a license.
Bitcoin's price felll 4.4 percent to $8,500 because of this news.

Binance told Bloomberg News in January that it was working to acquire a license in Japan so there is nothing really to worry about.
Binance will surely comply with that since it will also help their exchange be more reputable and legal.

Link to the post:
https://www.bloomberg.com/news/articles/2018-03-22/bitcoin-falls-after-report-that-binance-faces-warning-in-japan
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March 22, 2018, 07:08:48 PM
 #2

Yes you are right now days Bitcoins price depending with news because of we get positive news about Bitcoins that time btc value will be increase, if we get any bad news about Bitcoins the value will be automatically decrease so we have to wait any good news about Bitcoins to bounce back to 20k Mark.

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March 30, 2018, 07:37:52 AM
 #3

The reason why bitcoin price fell is Japan's Financial Services Agency was said to be planning to tell Binance to stop operating without a license.
Bitcoin's price felll 4.4 percent to $8,500 because of this news.

There was another news, about one week ago, that Binance is about to move to Europe (I think it was Malta). If so, I guess that they don't need anymore the Japanese license. So this should not affect the price at all.

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March 31, 2018, 02:27:40 PM
 #4

The reason why bitcoin price fell is Japan's Financial Services Agency was said to be planning to tell Binance to stop operating without a license.
Bitcoin's price felll 4.4 percent to $8,500 because of this news.

There was another news, about one week ago, that Binance is about to move to Europe (I think it was Malta). If so, I guess that they don't need anymore the Japanese license. So this should not affect the price at all.

Most of the Chinese exchanges are already planned to migrated from their place to Europe and North American countries. Hope every exchange will settle soon and we will find the bitcoin and other alts bumped back in the market again.
When comparing with yesterday and today we see 5 percentage price growth in the BTC. So no more dump in the market again I expect.
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March 31, 2018, 02:41:02 PM
 #5

the fact that now there is a correction. the correction is called short term depreciation after period active growth and it is absolutely normal it happens almost all the time, especially when growing the active if was very strong growth in the top I think he will go much lower
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March 31, 2018, 02:44:48 PM
 #6

The reason why bitcoin price fell is Japan's Financial Services Agency was said to be planning to tell Binance to stop operating without a license.
Bitcoin's price felll 4.4 percent to $8,500 because of this news.

There was another news, about one week ago, that Binance is about to move to Europe (I think it was Malta). If so, I guess that they don't need anymore the Japanese license. So this should not affect the price at all.

Most of the Chinese exchanges are already planned to migrated from their place to Europe and North American countries. Hope every exchange will settle soon and we will find the bitcoin and other alts bumped back in the market again.
When comparing with yesterday and today we see 5 percentage price growth in the BTC. So no more dump in the market again I expect.
But still the price is falling,it is now under $7K,waiting for it to bump again,Hopefully.I don't even know why the price is falling this much because people are holding their bitcoin since the exchanges have no traffic then how the price keeps decreasing.

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March 31, 2018, 03:04:04 PM
 #7

Binance has moved to Malta, a country that has been reluctant to accept binance.
Malta, however, has a supportive attitude towards cryptocurrency markets.

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March 31, 2018, 03:09:38 PM
 #8

The bitcoin why bitcoin's price fell? Something about that sentence seems odd, can't place my finger on it.

The reason bitcoin fell is obvious, certainly a warning to binance wouldn't be sufficient to cause such a striking drop in value over such a short time-frame. In my opinion, the dip is due to Facebook/Twitter/Snapchat all banning ICO ads, and partially due to reddit not accepting BTC as a payment method anymore.

There hasn't been any positive news to negative these, so the headlines have spread like wildfire, making cryptocurrency seem like a poor investment to most non-experts. Over time, the negative hysteria will die down, and we will see an improvement in the conditions. Remember, just 3-4 weeks ago we were in the exact same position, and then BTC recovered to ~$12,000.

It's not over yet. Keep hodling.

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March 31, 2018, 03:15:09 PM
 #9

Bitcoiner said that Bitcoin was down because it was a significant price adjustment period after what it had achieved at the beginning of the year. But a great deal of pressure from many countries to launch a ban on Bitcoin has plagued it quickly.
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March 31, 2018, 03:32:39 PM
 #10

Bitcoins price depending with news.It was down because it was a significant price adjustment period.The fact that now there is a correction. The correction is called  short term depreciation after period active growth.
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March 31, 2018, 03:38:32 PM
 #11

Bitcoiner said that Bitcoin was down because it was a significant price adjustment period after what it had achieved at the beginning of the year. But a great deal of pressure from many countries to launch a ban on Bitcoin has plagued it quickly.
I would also argue all the fake bans coming from China, India, South Korea have effected the markets heavier than any one singular news piece. Also the level of FUD and fake news that surrounds Bitcoin is astonishing to say the least, people need to think critically for themselves before reacting. Unfortunately that isn't the case and that is why you see many people dump upon hearing the "news" without even fact checking it or seeing if it has any basis in real life.

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March 31, 2018, 03:42:31 PM
Last edit: April 02, 2018, 12:39:36 PM by Dirk2017
 #12

Bitcoins price depending with news.It was down because it was a significant price adjustment period.The fact that now there is a correction. The correction is called  short term depreciation after period active growth.

For me its expected that the bitcoins price will go down because last months, december 2017 to be the exact price of bitcoin rise up, reached up to $19000, its weird if bitcoins price will always go high, so dont be worry if the price of bitcoin is falling , its normal just wait bitcoins price will rise soon.

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March 31, 2018, 04:01:58 PM
 #13

Bitcoins price depending with news.It was down because it was a significant price adjustment period.The fact that now there is a correction. The correction is called  short term depreciation after period active growth.

For me its expected that the bitcoins price will go down because last months, december to be exact the price of bitcoin rise up up to $19000, its weird if bitcoins price will always go high, so dont be worry if the price of bitcoin is falling , its normsal just wait bitcoins price will rise soon.
waiting for it we have to do. but by waiting we should do a good thing to build bitcoin
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March 31, 2018, 04:07:35 PM
 #14

Bcos many people to sell btc
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April 02, 2018, 10:49:33 AM
 #15

If you look at Bitcoin from the technical analysis point, then its price now stands right in the middle of the ascending and descending channels.
If the price falls below $6000, it will go even lower. If BTC goes up, it will reach 9500-10200 USD. I think about 2 more weeks BTC prices will be in the flat.

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April 02, 2018, 01:08:59 PM
 #16

If you look at Bitcoin from the technical analysis point, then its price now stands right in the middle of the ascending and descending channels.
If the price falls below $6000, it will go even lower. If BTC goes up, it will reach 9500-10200 USD. I think about 2 more weeks BTC prices will be in the flat.
Bitcoin is again pump in the market because many peoples are interest to buying bitcoin. It is good time in cryptocurrency so this month huge pump is expected in April 15. It will reach 14k USD is possible in end of this month. So bitcoin will never failed in future. All the traders are like to invest in this moment. I hope bitcoin is always controlling the crypto platform.

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peter0425
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April 02, 2018, 01:33:19 PM
Last edit: April 28, 2018, 03:45:56 PM by peter0425
 #17

If you look at Bitcoin from the technical analysis point, then its price now stands right in the middle of the ascending and descending channels.
If the price falls below $6000, it will go even lower. If BTC goes up, it will reach 9500-10200 USD. I think about 2 more weeks BTC prices will be in the flat.
Bitcoin is again pump in the market because many peoples are interest to buying bitcoin. It is good time in cryptocurrency so this month huge pump is expected in April 15. It will reach 14k USD is possible in end of this month. So bitcoin will never failed in future. All the traders are like to invest in this moment. I hope bitcoin is always controlling the crypto platform.
Seriously dude that is one bold prediction about bitcoin being pumped to $14K this April although at least we are in a green right now. I guess we need to wait that April has to offer and all of us are waiting for at least a decent rise to $10K it everything work on our favor.

The price didn't fall below $6K, but there are a lot of predictions that it may come that deep, even to $2K-$3K. It looks like investors can't resist when the price goes to $6600-$6800 and now we are just above $7K. Hope that we can really recover this month moving forward.









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Mars,           
here we come!
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ElonCoin.org.
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pokang13
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April 02, 2018, 02:09:48 PM
 #18

For me, that was normal to the cryptocurrency for the price to fell and also of the bad news who affects the people and the effect is to run sell and that was bitcoin price fell happens.
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April 02, 2018, 02:09:53 PM
 #19

What i really can't understand is why the fall in the price of Bitcoin is affecting the other alt crypto currencies. I thought that a fall in the price of Bitcoin should cause an increase in the price of the other cryptos
The Cruypto market has a synergistic effect, they have resonance, BTC is seen as the leader of the Crypto market. If the lead is down the price will lead to other altcoin. Although they do not affect much, altcoin prices depend on supply and demand. When there is no good information will make investors sell all their altcoin hold.

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April 02, 2018, 02:10:13 PM
 #20

It fell because nobody was buying, and everybody is scared.

Probably the best time to buy imo.
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