Fairy_90 (OP)
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March 29, 2018, 09:16:37 AM |
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There are two key factors affecting Bitcoin, which have triggered a recent sellout. Bitcoin has never been relieved of its involvement in money laundering and terrorist financing, and that connection was once again referred to by IMF president Christine Lagarde as she urged home. Managers around the world attacked bitcoin for this reason. At present, Bitcoin is just going down, not completely broken down. The second offender behind the bitcon depreciation is causing more anxiety for investors. Google has followed Facebook in prohibiting pre-encoded ads and ICOs. Makes pre-coding lose value.
What is your opinion?
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nicosey
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March 29, 2018, 09:23:41 AM |
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More to do with people needing to pay their taxes and not have some much exposure to a crypto currency.
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Arysum
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March 29, 2018, 09:31:11 AM |
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People always try to explain market moves, often its just a simple correction. We where at these price levels just a few months ago.
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Eragon54
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March 29, 2018, 02:44:22 PM |
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I thought that the value of Bitcoin drop due to the hacking of bitcoin system? The hackers are still there on look out. But still bitcoins value changes from time to time so dropping or increasing is not really that big.
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FalcoonRed
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March 29, 2018, 02:50:02 PM |
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probably because almost all the crpypto ads in top apps like google, facebook, tweeeter and others will be blocked, maybe that's why bitcoin prices go down. hopefully things like this do not happen again. in addition not all countries accept bitcoin as a tool for transactions.
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ashley_49
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March 30, 2018, 08:03:25 PM |
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It is because of negative and fud news around the world and people with less knowledge and for the people who experienced some actual loss. Otherwise Bitcoin grows beyond our expectation over the years. And it will grow higher in the future.
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keycellko
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March 30, 2018, 08:39:33 PM |
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The market dip is mainly caused by fud. Negative news all over the country and some governments tag along as posing regulations for bitcoins then website banning advertisement. The weak hands who hear all this negativity sell their coin even at a loss and the sharks continuosly buy the coins very cheap.
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cryptolet
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March 30, 2018, 08:47:43 PM |
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Some countries have taken all measures to remove crypto assets, viewing it as illegitimate activities. Even some social media have announced its ban on the cryptocurrency advertisement for ICO.
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ralle14
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March 30, 2018, 09:13:33 PM |
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Negative news all over the country and some governments tag along as posing regulations for bitcoins then website banning advertisement.
A day ago i've read some bad news two crypto exchanges in japan namely Mr Exchange and TokyoGateway are shutting down because of the tight regulation in the country. Mr Exchange seems to be operational but the TokyoGateway exchange seems to be down already. Some people in japan might've sell their coins because of the country's tighter regulations. I thought that the value of Bitcoin drop due to the hacking of bitcoin system? The hackers are still there on look out. But still bitcoins value changes from time to time so dropping or increasing is not really that big.
No there's no hacking going on. A lot of bad news are being dished out the past couple of weeks, big social websites are stopping crypto ads. |
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felicita
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March 30, 2018, 09:17:38 PM |
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many people have many explains but noone can say exaclty what will happen.
I think most people start now to sell somethink and get first profitss....
I also have holded may bitcoins now since many years but never payed somethink out ...
regards
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Dimanman113
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March 30, 2018, 09:30:17 PM |
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In November and December last year, a lot of people believed in Bitcoin, everyone bought it, hoping to make money, the exchanges could not cope with the influx of new users and stopped registering. Now all these people who came at that time, strongly disillusioned with Bitcoin, it will be hard to regain their faith and attract new investments. The price of bitcoin is rising from new injections...
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dothebeats
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Cashback 15%
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March 30, 2018, 09:32:13 PM |
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People always try to explain market moves, often its just a simple correction. We where at these price levels just a few months ago.
That was in February when we touched $6000 and everyone also faced the same panic of that event. Right now, the drop seems to be subtle and doesn't exhibit and likelihood to the one in February, so this might mean something more and not just your 'normal' correction. Apparently, the latest crash also contained a huge volume along the drop, so it is possible that some big hands are already cashing out and just watching the sidelines in the mean time. If the last $5500 support is broken, then there's a tendency for the price to plummet all the way down to $4000 or even $2500, the projected "bottom" of the pit. |
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onemoretime8520
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March 30, 2018, 09:35:22 PM |
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well this drop is not a fatal drop as everyone is panicking because just in September it was around 4-5k and this correction is more than a normal thing, so the reasons are not affecting it too much I think.
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laryillary
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March 30, 2018, 09:40:35 PM |
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Weak hands. There were too many of them, and when the planned dump went, they just started to jump out of the market, afraid to lose the last. In general, cryptorines are not about technical analysis and not about short-term inputs: one simply believes in it, but one believes in the head, understanding technology.
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bibiqua
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March 30, 2018, 09:43:50 PM |
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> What causes Bitcoin to drop?
Wrong question. The true question is: Why should it gain value?
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@ophiuchuss13
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March 30, 2018, 09:44:36 PM |
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the mass media influence the economic market of the crypto currency, from which one can observe bitcoin sorbation to the present day. they fuel interest in bitcoin, increasing demand and volatility.
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00cryptomaniac00
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March 30, 2018, 09:46:19 PM |
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> What causes Bitcoin to drop?
Wrong question. The true question is: Why should it gain value?
No basis.. but we all know that when btc go down almost all other currencies also go down and vice versa.. |
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alani123
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March 30, 2018, 09:47:26 PM |
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Today's price drop was caused by a large selloff but the market's sentiment was already in a bad mood so traders followed with further pressure instead of working towards a recovery. I don't think that a recovery back above $7000 seems likely at this point but perhaps some support so there's no further drop would be beneficial.
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FLoving
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March 30, 2018, 09:49:20 PM |
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There are two key factors affecting Bitcoin, which have triggered a recent sellout. Bitcoin has never been relieved of its involvement in money laundering and terrorist financing, and that connection was once again referred to by IMF president Christine Lagarde as she urged home. Managers around the world attacked bitcoin for this reason. At present, Bitcoin is just going down, not completely broken down. The second offender behind the bitcon depreciation is causing more anxiety for investors. Google has followed Facebook in prohibiting pre-encoded ads and ICOs. Makes pre-coding lose value.
What is your opinion?
Up to which I came to the point is that in the previous year when the price of bitcoin started to increase than a large number of unskilled and inexperienced investors also invested in bitcoin and they do not know that fluctuations occurs in bitcoin and all crypto currencies all the time but the price then come to its recent high value and because of that when they saw the price decreasing then immediately started to withdraw their money no matter how much they lost and that practiced continued by all of the new inexperienced investors and now the price reached to a value where only the skilled and experienced investors have invested only. |
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Marma Kalari
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March 30, 2018, 10:05:29 PM |
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A day ago i've read some bad news two crypto exchanges in japan namely Mr Exchange and TokyoGateway are shutting down because of the tight regulation in the country. Mr Exchange seems to be operational but the TokyoGateway exchange seems to be down already. Some people in japan might've sell their coins because of the country's tighter regulations.
I thought Japan was a bitcoin friendly space, i am not sure these regulations are hurting the traders, most probably it is difficult for someone to start an exchange that easily and i suppose they have to pay huge sums of money as collateral to run an exchange and they were not capable to raise that much money and so they are stopping the service, i think that is the case here. The price drop is really disappointing but i hope it will recover in a couple of months. |
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