Bitcoin price falls 7 percent after Twitter's announcement of crypto ban

[filharvey]

And now after Facebook ban and Google's restrictions on crypto ads,its Twitter's turn to act against cryptos.On Monday,twitter announced that it would ban crypto ads to protect its users from getting scammed.This move has reduced bitcoin's price by 7 percent.

Actually i planned to withdraw 2,000 dollars worth bitcoin from my wallet today.Now should I wait for one or two days for price to recover or should I withdraw now itself to avoid further loss due to more price fall.

Your valuable suggestions are most welcome.

https://www.google.co.in/amp/s/www.cnbc.com/amp/2018/03/26/bitcoin-falls-7-percent-to-below-8000-after-twitter-bans-cryptocurrency-ads.html

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[metenjean]

Bitcoin volatility is the reason why so many trying to warn the investor. Now we're talking about investment vs need, if you really need that money now to buy supplies or something can't longer wait then i suggest you withdraw that now without looking the chart anymore. However if anything you want to do with that $2000 can wait until 1-2 weeks then i suggest you wait it to recover, you shouldn't hope the price to recover because it can takes longer than what you're planning for, you should instead focus on your needs first

[warning_btc]

Bitcoin price not depend from twitter. You see ever bitcoin ads on twitter, i am not. Twitter ads only for ICO's
Twitter banning bad for ETH and other token included platforms

[bob3772]

I don't believe this is the reason for the 7% fall, bitcoin's price was falling anyway and this news should not have come as a shock to anyone who is even slightly informed. For that reason I believe it to have been priced in long before this time. If you need to withdraw money sometime in the next month then do it now, there's nothing on the immediate horizon that suggests a recovery is imminent.

[kunsh]

News are main drive for crypto prices. You should read news everyday and you will get some "picture" in your head of crypto world today. You can read more and more good news every day which is good but we will need time to get back on track with crypto again.

[The_Masterer]

Bad news after bad news piling up, when is this shit going to end? This is a longer correction than anybody expected, im growing tired of it

[aoihs00]

And now after Facebook ban and Google's restrictions on crypto ads,its Twitter's turn to act against cryptos.On Monday,twitter announced that it would ban crypto ads to protect its users from getting scammed.This move has reduced bitcoin's price by 7 percent.

Actually i planned to withdraw 2,000 dollars worth bitcoin from my wallet today.Now should I wait for one or two days for price to recover or should I withdraw now itself to avoid further loss due to more price fall.

Your valuable suggestions are most welcome.

https://www.google.co.in/amp/s/www.cnbc.com/amp/2018/03/26/bitcoin-falls-7-percent-to-below-8000-after-twitter-bans-cryptocurrency-ads.html

None of the platforms that you talk about has got any influence on the bitcoin prices. The thing is, its just temporary. I mean people might have gone crazy after reading such news and just out of the fear they might have revoked their trades, just in case of safety of their trade and nothin else.

Fact : Facebook, Google, Twitter are just medium of advertising , none of them actually interfere with the transaction, buy, sell or exchange stuff so they have no direct effect on the bitcoin value as such.

Speculation : It could be the case that after banning of the advertisement the crypto currency out reach might have reduced dramatically to zero (considering the ban) and thus it felt the shortage of new investors or after effect of ban. But sooner or later people will start back online and everything will come to the point where it was earlier.

I believe this might be the case, but I am pretty sure that they dont affect the thing at all.

[FrueGreads]

And now after Facebook ban and Google's restrictions on crypto ads,its Twitter's turn to act against cryptos.On Monday,twitter announced that it would ban crypto ads to protect its users from getting scammed.This move has reduced bitcoin's price by 7 percent.

Actually i planned to withdraw 2,000 dollars worth bitcoin from my wallet today.Now should I wait for one or two days for price to recover or should I withdraw now itself to avoid further loss due to more price fall.

Your valuable suggestions are most welcome.

https://www.google.co.in/amp/s/www.cnbc.com/amp/2018/03/26/bitcoin-falls-7-percent-to-below-8000-after-twitter-bans-cryptocurrency-ads.html

In my humble opinion this is a big pile of crap. It makes no sense for this ban to have an effect on bitcoin. How many adds of bitcoin have you seen in any of these platforms? Bitcoin already hit mainstream awareness, and it doesn't need advertisement. I would accept a hit on Ethereum, because a lot of the money that comes into the platform is from ICO sell. So without the advertisement, we might see less ICOs, and less money entering in ehtererum.

In the long run I actually think this will be a good measure even for ether, because we don't need scammy adds, that will bring bad reputation to the crypto space.

As for your question, it's hard to say what will happen to crypto. People don't really understand the news, and what I do think that is happening is that some guys with a lot of coins are making sell outs once they hear these news to try to create a sell out effect on others. They see the news, they make a sell out. Maybe they even pay to post some articles to make that connection (price drop and the news) even more evident. Those that don't really understand anything about bitcoin, accept that connection and sell out in fear. The price will now start dropping significantly.

If you can withdraw later, I would suggest that you do that.
I will leave your with a thread in the press section. I suggest you to read that article before you start selling without really needing it.

https://bitcointalk.org/index.php?topic=3195971.msg33142984#msg33142984

[Kronos21]

I will never believe that the price of bitcoin depends on Google's position. Have you ever seen an ad of bitcoin in Google? The decline in bitcoin prices is associated with the position of whales. They are now interested in lowering prices to buy at a low price a large number of coins. I do not rule out that they even bribed the asset Manager of mtgox. But after they all buy the prices again will go up.

[mindrust]

Bitcoin didn't owe its success to Twitter ads. Those ads weren't about bitcoin anyway. They were about ICO's which has nothing to do with bitcoin at all. Most of them are seeking people to scam too. Banning ICO ads was a good decision.

It is ETH which gets the most damage. See ETH/BTC pair.
https://investing.com/crypto/ethereum/eth-btc-chart

ETH/BTC - 0.057 (-%6.24) right now and keeps falling.

[Pan Troglodytes]

And at the same time their CEO claims to believe that Bitcoin will replace fiat one day... It is only actions that speak for people's real thoughts and intentions, not their words, it would seem to me.

[mario00]

It's normal that news like this will always affect prices as some people will start to panic and start selling off their coins but they are the weak hands, the market will recover and the price will start going up again.

[sandybindra]

Bitcoin price is not dependent upon twitter. I never saw any advertisement of bitcoin on twitter.
It's volatile currency, 20% up and down is normal in bitcoin so 7% down hardly matters. One should wait for better returns.

[cryptohunter]

Only fools regard this as bad news.

crypto is full of scams and crap that needs weeding out before the legit projects can start to get further recognition and adoption.

we know jack is a big big supporter of BTC  so this is also evidence that facebook and google are probably not crypto haters either.

Simply they cant allow scams to advertise there any longer and it is impossible for them to weed out the good from the bad so ban them all is the only way.

[JeBro]

I think the price of bitcoin will be recovered tomorrow. The Twitter ban on advertising crypto currency is not as much reflected in the price
as it was in Google and Facebook. The bulls positions are very strong and most likely we are expected to grow Bitcoin in the very near future.

[phelbaby]

I believe you longed started with bitcoin and you have also express the volatile market of bitcoin,that should tell you it will shoot it shy rocket soon,judge bitcoin with previous grow of other years,it will give you the answer  

[monkeydominicorobin]

And now after Facebook ban and Google's restrictions on crypto ads,its Twitter's turn to act against cryptos.On Monday,twitter announced that it would ban crypto ads to protect its users from getting scammed.This move has reduced bitcoin's price by 7 percent.

Actually i planned to withdraw 2,000 dollars worth bitcoin from my wallet today.Now should I wait for one or two days for price to recover or should I withdraw now itself to avoid further loss due to more price fall.

Your valuable suggestions are most welcome.

https://www.google.co.in/amp/s/www.cnbc.com/amp/2018/03/26/bitcoin-falls-7-percent-to-below-8000-after-twitter-bans-cryptocurrency-ads.html

It is like a pot calling the kettle black. The SNS have no moral ascendancy to discern which is worst scammer of all.

[bolbau]

twitter ban crypto ads news doesnt affect the current bitcoin price at all, and decisions that have been made by twitter is really brainless, because i never see an ads about crypto in twitter, the crypto promotion like ICO etc comes from the users itself by using some combined hastags, whether they are dare to ban and remove the users? i dont think so

[Juggy777]

And now after Facebook ban and Google's restrictions on crypto ads,its Twitter's turn to act against cryptos.On Monday,twitter announced that it would ban crypto ads to protect its users from getting scammed.This move has reduced bitcoin's price by 7 percent.

Actually i planned to withdraw 2,000 dollars worth bitcoin from my wallet today.Now should I wait for one or two days for price to recover or should I withdraw now itself to avoid further loss due to more price fall.

Your valuable suggestions are most welcome.

https://www.google.co.in/amp/s/www.cnbc.com/amp/2018/03/26/bitcoin-falls-7-percent-to-below-8000-after-twitter-bans-cryptocurrency-ads.html

This was something that the market had discounted long back and I'm bit surprised that it took a beating again considering that it already was down when this news came out earlier.

Yes I think you should definitely wait for a few days cause every time bitcoins been down it's risen up and raced ahead.

I won't tell you when it'll be done but I'm sure it'll bounce ahead in the coming days this news is not that big to bring it down for long. Just buckle up and wait for the green.

[cunese]

This is not good news for BTC and altcoin, because it means that the mainstream media is refusing to encrypt it.