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syberwolfen (OP)
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March 27, 2018, 09:27:01 PM |
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What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
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TravelMug
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March 27, 2018, 09:56:02 PM |
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What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
Well the usual FUD and investors are just cashing it out because somewhat they have lose their faith in bitcoin and even for just a simply profit they will immediately jump on the opportunity to take profits. As for Google or Facebook or even Twitter banning, it will be short lived effect. The Mt. Gox trustee offloading bitcoin is already out of the equation and the G20 thing positive news also doesn't have that enough push to the overall sentiments that's why we have seeing dumps like everday. |
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exstasie
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Activity: 1806
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March 27, 2018, 10:20:40 PM |
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What is causing the dump in the value of bitcoin as well as other altcoins? Supply. Lack of demand. You do the math. Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
No. In a bull market, nobody would give any of that shit any consideration. Those stories would have no effect. The only reason people dwell on these stories now is because we're in a bear market and they want to rationalize. The market doesn't fall because of FUD. The hype died. If traders are just sloshing around the same money with no new demand (that's what it looks like), the price trends downward. No grand explanations needed. |
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Biscutard
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March 27, 2018, 10:46:12 PM |
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What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
People are panic selling due to the FUD and this is very common to a newbies who doesn't know what to do. People that who knows when to sell it are the ones who knows the run of the market and all they have to do is to wait for the right moment. |
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creative~mind
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March 27, 2018, 10:54:15 PM |
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I don't think it's anything related to the network itself, since there is no congestion, and fees are very low. So it's probably what someone said, supply not meeting demand, and it's probably due to the fact that there isn't much hype around Bitcoin these days.
No reason to panic, some sanity might be something good for Bitcoin in the long term.
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SimpeleSimpele
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March 27, 2018, 11:30:51 PM |
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because bad news and FUD
after bad news all investor panic sell, so bitcoin price and all altcoin down price
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sumanto
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March 28, 2018, 03:00:10 AM |
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What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
I see there are factors that cause the price hit by dump one of them is there bad news from bitcoin of course lately a lot of bad news from bitcoin hopefully dump that is addressed to bitcoin did not last long because if always like this possibility bitcoin really true will collapse. |
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MMysterious
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Bear season or just the beginning
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March 28, 2018, 03:12:07 AM |
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Dumps usually happens when there are big bad news. Also it is normal that there are dumps after a heavy pump as some traders are not long holders. TAs also result in dump when the trend using different indicators look bad.
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Duogembrot
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March 28, 2018, 03:19:42 AM |
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What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
I think bitcoin prices collapsed because of bad news from bitcoin and a lot of panicky and frugal people are panicky new players and prices are getting tumbled down, they panic to sell instant selling loss in my opinion it is a careless act. |
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Ridwan Fauzi
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March 28, 2018, 05:11:59 AM |
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Yeah that's right maybe google,facebook and twitter is one of them who involve the price fall. I don't know exactly about FUD who involve the price continue fall. And I think this market will continue to fall because google will ban cryptocurrency related advertising in june. With the result that some investor will take a safe way to sell bitcoin they have, and will buy back after june. If you look at the early on this years so many much bad information came, mayeb they will examine to people who have investment or someone who believe cryptocurrency is the future of payment.
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magneto
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March 28, 2018, 05:56:44 AM |
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What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
Pretty much all of your points combined. It's also natural volatility of bitcoin, bitcoin has performed extremely strongly in 2017, the year prior. So what I'm seeing from 2018 isn't really surprising. This dump had to happen sooner or later, and it just happened as soon as 2018 started as well. Of course, there is also the factor of regulations. Personally it doesn't make a difference for me when investing in bitcoin, but clearly it affects other people's mindsets when they decide to invest in bitcoin. Right now we're just below $8k, if we can't get up above $8k within the next 2 days, we'll probably be going further down for the moment. |
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Herbert2020
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March 28, 2018, 06:57:04 AM |
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all the FUD and market manipulations and dumps have finally done their thing and successfully started the bear market and when the bear market starts you can't just stop it anymore it will last until price reaches a good bottom and that takes a long time.
all these bans are complete nonsense! it was panic dump, nothing else. and the whales are enjoying the trend because they are making a lot of money and at the end of the day they will accumulate a lot of bitcoin and become bigger whales for the next bull run.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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Slash61
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March 28, 2018, 07:22:46 AM |
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because bad news and FUD
after bad news all investor panic sell, so bitcoin price and all altcoin down price
in general the holders are panicked because of bad news and FUD, in fact I am also in their position, but I try to avoid panic and not in a hurry to sell it. IMO people who have weak hands like them will only add to the situation getting worse. they should believe in cryptocurrency and not easily influenced by negative news or FUD |
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timerland
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March 28, 2018, 08:01:16 AM |
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What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
There has been some FUD about regulation of bitcoin globally with SEC and G20 pretty much coming out and saying that bitcoin needs to be regulated. The potential outcome of such regulation I think has been greatly exaggerated and overreacted by traders. I don't think that Facebook banning ads has much to do with the overall trend of where bitcoin is going at the moment. Most of it can be simply explained as the "bust" stage of the natural cycle of BTC. Bitcoin had itself a year last year, and that was not sustainable. A lot of people just took their profits at the start of the year, leading to dumps. I still believe in bitcoin though, don't let this dump distract you from the big picture. Bitcoin still has a lot of potential and a lot of opportunities ahead. Instead of selling now, I would actually look to purchase BTC to hold for the long term as everyone else is selling, especially when price is under $7k. |
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TERA2
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Deb Rah Von Doom
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March 28, 2018, 08:14:23 AM |
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Its still just adjusting back to a more reasonable price after the crazy pump.
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leonair
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March 28, 2018, 08:18:13 AM |
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What is causing the dump in the value of bitcoin as well as other altcoins ? Is it because of threats and banning from some countries or is it because Facebook has banned the crypto ads and there are rumours that you will and Google will follow the same which might create fear amongst the users ?
Because there are more people tend to sell Bitcoins nowadays rather than buying it? The threats or regulations itself will surely affect the users of Bitcoin but it would really affect them? since the beginning of Bitcoin there are so many FUD spreading, there and here, I don't think that old users will believe such things so newbies will be the only ones. Fear only works for those are weak and gullible. |
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Wind_FURY
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March 28, 2018, 08:36:35 AM |
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OP, the same that caused the dump of the dotcom bubble? But would the reasons "why" matter to you today? They won't, right? All we saw was the crash weeded out the bad companies and left only the good, like Amazon.
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Asrael999
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March 28, 2018, 08:41:06 AM |
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More people selling than buying and to many people "hoping" it will go back up.
It won't go up until it has gone down so far that the vast majority of people have sold out and these forums are filled with utter despair. Have a look at the wall observer thread from August 14 to March 15 for how depressed everyone has to get.
Then and only then can it start to recover. Hope is the enemy, as long as people are "hoping it recovers" it will fall.
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ajochems
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March 28, 2018, 08:41:31 AM |
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The cause of dump is not only because of Fake news ,but also due to the FUD in the market. The value of bitcoin is not control by anyone ,even the U.S president will not the price. It only based on the increased in investor or convention of bitcoin to FIAT.If many had sold their bitcoin this is cause of fall now.
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LFC_Bitcoin
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March 28, 2018, 08:49:04 AM Merited by DeathAngel (1) |
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Its still just adjusting back to a more reasonable price after the crazy pump.
I don’t agree with you very often but I think you’re right here. In hindsight $19,000 was a ridiculous increase & clearly unsustainable. I don’t think the current price has anything to do with Google, Facebook, Twitter banning ads, it’s just people selling after gaining great profits & not enough FOMO to make the price recover. |
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