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

[gtx1060aa]

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

At the G20 summit it was clearly stated by the analyst, by name I do not remember what his name is, that bitcoin will drop to a mark of $ 2,500

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[PPumpsTogether]

that is really a bad new, but logically twitter is not the reason which allow you thinking to withdraw your btc.

your needs allow you make a decision, is it for investing or maybe finance or trading or...
that's depends on you needs for it, but i think that the world still need bitcoin.

[bitfocus]

twitter is just trying to save people from ico scams - not banning crypto or bitcoin.

[trang1188]

day by day,seem all bad news for crypto and bitcoin,it is really difficult to btc can recovery,i don't know what happen with crypto,i really worry

[phelbaby]

Cryptocurrency is really under social media attack,that is why the market is also been affected and investors are also skeptical about everything that is going on in the market

[ethereumhunter]

I think people become panic just to read negative news about cryptocurrency although they know that is not for a long time, they still panic and sell their bitcoin. they think that this will push bitcoin to go down more deeply and they think that if they hold for a longer time, they cannot gain anything from bitcoin. and this attracts the price to get down 7% because the panicking from the people but I still wait for the price recover again in next month.

[Kprawn]

Can I give you a little glimpse into the future? A lot of these governments are busy formulating regulations and organizations

to deal with ICOs. In the future these regulations will govern which ICOs must be registered and approved by these

organizations to be legit. Social media platforms will then amend their ban to allow these ICOs that were "legitimized" by

these organizations. They will come crawling back for the business, but in a unregulated environment, they need to protect

their users from scams. 

[Rustamm]

I do not think that the ban on advertising crypto currency in Twitter has affected the bitcoin rate. Various conflicting information, including negative information, has been postponed for a long time in people's minds and, most likely, bitcoin had to drop a bit at this time. Just happened this coincidence. Today, I see that bitcoin has again risen a little and, according to CoinMarketCap, its price is 8,125 dollars. Now bitcoin swims, then rises in price a little, then drops. Under such his movements, any positive or negative information can be manipulated, but no one can tell how specific information affects bitcoin. We in general are waiting for his good growth, and with him growth and all the crypto-currency.

[Lorna t]

Bitcoin volatility is one reason so many attempt to warn an investor .now someone is talking about an investment vs needed.if you really need your money today to buy supplies or something that does not run out in wait then I suggest that you withdraw that now without looking out the chart of anymore how ever I have any thing necessary to make along with that $3000 can wait here to recover you shouldn't hope the price to be recover because it can take longer than your plan to ficus instead just focus on prerequisite.

[Crypto-mim]

That is really a bad new, but logically twitter is not the reason which allow you thinking to withdraw your BTC. Your needs allow you make a decision, is it for investing or maybe finance or trading. That’s depends on your needs for it, but i think that the world still need bitcoin.

[cryptovally01]

I will suggest you to wait a bit more. Price of bitcoin depends on so many things. Here Twitter is a very small one. I think, price of bitcoin on yesterday was bit higher than of 2 or 3 days ago. Doing some fruitful research can make your $2000 to $3K or 4K.

[Traderbtcc]

That is really a bad new, but logically twitter is not the reason which allow you thinking to withdraw your BTC. Your needs allow you make a decision, is it for investing or maybe finance or trading. That’s depends on your needs for it, but i think that the world still need bitcoin.

You missed the whole point. OP was about to make a $2000 withdrawal from his wallet for reasons best known to him before the news of twitter's crypto ban broke out and unfortunately,  the price of bitcoin dropped (quite typical of the cryptocurrency market).

Back to discussion, Twitter's cryptocurrency ban is no surprise. Facebook and Google have already banned crypto so It was certain that twitter would follow suit. They picked the wrong side though.

[Washball]

Twitter wants to ban crypto related ads, because their are too many ICO's that are just scams. Nothing wrong with that. The point is, people are making the wrong conclusions and connect this to bitcoin. So, it's not the fact that Twitter is going to ban these ads, what's causing the price drop. It's the message that gives the negative feeling and that makes people sell their Bitcoins.

[dont-fomox]

crypto ads are mainly scam so no problems

[nick_nick]

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

I think it would be better to withdraw now if the need is that urgent. This is because there are so many factors why bitcoin may not rise that early as we are expect. However, if they need is not so urgent, then you can hold for sometime and see what happens

[Bttzed03]

It is amazing to know that some people would panic over news on ad bans. It should only affect those upcoming projects' initial coin offerings as their reach/exposure would drop. Not those established coins like bitcoin.

[Fuhre]

after the negative news overwrites cryptocurrency in the past few days, to date. many people are in the heat of the moment, they begin to ask solutions to other users, so as not to eat too big a loss. indeed its price drop its now caused by twitter, but not all this chaos caused by twitter as well. because this ban is a lot of people who panic and immediately sell it. IMO bitcoin performance can be said out of shape, but be quiet bitcoin still have On the second thought to fix this mess.

[magneto]

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

I guess people still do not realize that whatever twitter/FB/Google decides to do, that's their problem. It won't actually affect how bitcoin works whatsoever. It's pure panic, previously when google and FB announced that they were banning crypto ads, people panicked too but the price eventually recovered. I expect this to be similar.

In fact, most of the ads on these platforms are scams, not a lot of them are actually promoting legitimate businesses. Especially Google adwords.

Plus, the general downtrend for BTC isn't even caused by the bans from these social media bans. It's just how bitcoin usually moves after a big rally ends, the price just naturally goes down until it finds a bottom and consolidates enough to make its way up again. But if you're actively trying to cash out, then I would suggest waiting a bit. Wait for BTC to rebound up to at least $8k before you cash out, right now is pure panic.

[timerland]

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

Bitcoin in the short term may continue its drop. There are simply no bullish resistance right now to keep prices high and the general market sentiment is extremely bearish. And with the new regulations, and bans from Twitter as you mentioned, markets don't yet know how to react rationally to these pieces of news. That's why prices in the short term should only continue its downward slope IMO.

You have 2 choices if I were you.

Either hold for the long term, since cashing out BTC at such low prices seems to be a high risk, low reward thing to do. But that requires time. Or you could sell around now, but waiting for the rebound before you do so instead of selling right now. Prices have declined throughout the week and eventually, there will be a recovery, whether a small or big recovery.

[marcbitcoins]

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

I think this fall down is nothing to do with the ban because Bitcoin is not advertising to this sites like FB, Google and especially twitter except is someone will use the Bitcoin platform but i believed that Altcoins will be affected of this ban because most of the Altcoins have commodities in which need to advertise to pump up their coins. This Bitcoin fall down for me is just a normal to the market as its the same moving trend of the past years performance.