What's happening to Bitcoin?

[marcous]

I think its too much fud like socmed, google that banned cryptocurrency advertisement. Today's Bitcoin prices dropped dramatically, certainly its altcoin as well. hopefully next month there is good news about this.

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[Swenna]

I've read some of the latest cryptonews about the decline of bitcoin but none of them can exactly state the reason behind this dip. Some says that this is still a follow-up of the recent banning of crypto advertisements in Twitter. Well, there's also this issue about Mt Gox Exchange, that the whale just dump his bitcoins off to pay for the creditors. It also says he still has remaining bitcoin to dump and so the price will continue to go down for a while but it will eventually surge up again.

Despite reading the news such as those, I didn't feel anxious or worried. I just thought that the whales in the market are playing their little game of mind and fear manipulation. Only the strongest holder will survive after this.

Many fud news about bitcoin that's why some holders dump there coin and some are panic selling. And i think bitcoin down to 5000$ and many are waiting for that happen so that they will buy at cheaper price.

Yes, I noticed a lot of FUD's, too. So many speculations on why the bitcoin price is dipping yet no exact answer at all. This only makes the market shaky and unstable as the little fishes with trembling eyes and knees sell their coins. Nonetheless, cheaper coins for us all if bitcoin falls at 5000.

[erickkyut]

I've read some of the latest cryptonews about the decline of bitcoin but none of them can exactly state the reason behind this dip. Some says that this is still a follow-up of the recent banning of crypto advertisements in Twitter. Well, there's also this issue about Mt Gox Exchange, that the whale just dump his bitcoins off to pay for the creditors. It also says he still has remaining bitcoin to dump and so the price will continue to go down for a while but it will eventually surge up again.

Despite reading the news such as those, I didn't feel anxious or worried. I just thought that the whales in the market are playing their little game of mind and fear manipulation. Only the strongest holder will survive after this.

Many fud news about bitcoin that's why some holders dump there coin and some are panic selling. And i think bitcoin down to 5000$ and many are waiting for that happen so that they will buy at cheaper price.

Yes, I noticed a lot of FUD's, too. So many speculations on why the bitcoin price is dipping yet no exact answer at all. This only makes the market shaky and unstable as the little fishes with trembling eyes and knees sell their coins. Nonetheless, cheaper coins for us all if bitcoin falls at 5000.

Because of those FUDs and no one can really explain why the price is continuosly going down, I'm starting to believe that there are groups of people which can manipulate the price in the market. Maybe they want to acquire more of it on a cheaper price.

[St4yInTh3D4rk]

What is happening to Bitcoin? Why does the pricenkeeps on falling down? The initial result of G20 is favorable towards it so I thought that it will be the start of another bullish chart but it is the opposite. Can someone enlighten me about the current situation of cryptocurrency?

Still many people don't know about G20,so the price falling does not related with that G20 report but if people come to know about that then the condition may change.But the price falling is just normal at the beginning of every year so still we are in the beginning so no need to panic just buy more bitcoin now.

[Coffee135]

The fall in bitcoin prices is a consequence of speculation. Last year we saw speculators create a deficit of coins and overheated the market. Now they spread fud in order to enhance the effect of panic. Who spread rumors about the sale of bitcoins mtgox? We are told that prices are falling because the Manager sells 200,000 bitcoins. Lol. Only one exchange Methanex in the last 24 hours sold 106000 bitcoins. Compare the scale!

[ambisyon]

Bitcoin fluctuations is just a normal activity in the crypto market where it drop so suddenly and then came back to it's usual price where it sometimes the increase is much promising. Currently, the price is $7.2K and will be hoping that it will step up in the coming weeks for great comeback. I think this price adjustments is still on the process of recovery for a great bullish run as expected by more people in general.

[gumgumok]

this is not regular price correction and shouldnt be taken as simple FUD effect.

in 2017, people didnt lose hope for bitcoin but now huge amount of investors are cashing out since they think bitcoin will fall more.

if you were investor before 2017, there is no problem for you. but if you invested in Q4 of 2017 like most of the people, then it is normal to panic.

[TIDOVEE]

There are different reports here and there on control of Mail chimps, world bank or finance body. I don't even know which is true, we all can just see bitcoin depreciating. It appears confusing though but I know the storm will be over soon

[Swenna]

There are different reports here and there on control of Mail chimps, world bank or finance body. I don't even know which is true, we all can just see bitcoin depreciating. It appears confusing though but I know the storm will be over soon

Yes, just like what I have said, so many news circulating but no definite answers. The only thing we can do is to keep on researching and to wait on how everything will turn out.

 

-snip-

Because of those FUDs and no one can really explain why the price is continuosly going down, I'm starting to believe that there are groups of people which can manipulate the price in the market. Maybe they want to acquire more of it on a cheaper price.

I actually think that is true. All these whales are creating ripples to alarm the small holders so they'll sell their coins causing a dump to depreciate the price of the coin. And then there they go buying the coins in bulks and eventually increasing the price back up.

[rickyNmorty]

The supposed ban of twitter om cryptocurrency and ICO ads might have discouraged a lot of our fellow bitcoin investors from believing that bitcoin could still survive this year due to the consistent bans it have received from countries and decline on support from numerous social media giants. But I don't bitcoin could not carry on this, the valye will stabilize and the price will recover in a few months, I'm telling you.

[Casmania]

There are different reports here and there on control of Mail chimps, world bank or finance body. I don't even know which is true, we all can just see bitcoin depreciating. It appears confusing though but I know the storm will be over soon

Yes, just like what I have said, so many news circulating but no definite answers. The only thing we can do is to keep on researching and to wait on how everything will turn out.

 

-snip-

Because of those FUDs and no one can really explain why the price is continuosly going down, I'm starting to believe that there are groups of people which can manipulate the price in the market. Maybe they want to acquire more of it on a cheaper price.

I actually think that is true. All these whales are creating ripples to alarm the small holders so they'll sell their coins causing a dump to depreciate the price of the coin. And then there they go buying the coins in bulks and eventually increasing the price back up.

What comes up in my mind with respect to the bearish dip that it has experienced in the current situation is that whale investors are somewhat like doing the price manipulation that could have been one of the reason for this dips. But definitely, I am expecting recovery in the coming months for bitcoin to bounce back to it's usual price and hopefully will reach at $12k USD.

[levvv]

What is happening to Bitcoin? Why does the pricenkeeps on falling down? The initial result of G20 is favorable towards it so I thought that it will be the start of another bullish chart but it is the opposite. Can someone enlighten me about the current situation of cryptocurrency?

relax mate, it is not that bitcoin will go to zero.
i think this is the impact of bitcoin hype at the end of last year.
the price was very abnormal that causing the correction to be done until now.

[teeevnglst]

Well we know it is horrible but its common though the price is unpredictable and this is why the bitcoin is risky but if you look on the bright side while the price is still dropping investment on it could go skyrocket and by this i hope the bitcoin will gain the momentum it have to better oncrease its price.

[Kprawn]

I doubt if anyone can give a honest answer to this. It took a few weeks for people to figure out that the Mt Gox trustee was

dumping 1000s of coins onto exchanges and this triggered a downward spiral in the price. Something like this might be

happening now and we will never know it.  {Something not related to Mt Gox, because that Bitcoin address are being

monitored} ..... If you ask me, I will take a calculated guess and blame this on large traders that are suppressing the price.

[hardhouseinc]

People are spending more money when it is a holiday or a break so I think this is exactly what happens since it is the spring break

[StayFly]

The bitcoin is going through another market correction as a result of whales dumping their coins. I think there is nothing new to what is happening with bitcoin at the moment. we only need to relax and wait for few months for the bitcoin price to fully recover and then sell our coins for profits. #HODL

[MoonJeina]

Many factors are contributing to it to be honest . All the hustle that is being created by the ad ban and so many things upon it are just leading to be the main reasons why bitcoin is facing such bullish fall . Moreover , a very huge sell off is being reported which further contributed to such a fall . bitcoin is apparently in its lowest right now and is almost hitting $6000.

[bitcon]

What is happening to Bitcoin? Why does the pricenkeeps on falling down? The initial result of G20 is favorable towards it so I thought that it will be the start of another bullish chart but it is the opposite. Can someone enlighten me about the current situation of cryptocurrency?

It happens everytime when the holidays are coming. Just relax dont look to the graph it will made you stressed and it will caused of panic. This will go back to normal again.

I also have no doubt that we will come to the norm again, but when will it happen? It seems to me that cryptocurrencies are falling not because of some holidays, but because of cryptos' ads prohibition.

[hitrawal91]

What is happening to Bitcoin? Why does the pricenkeeps on falling down? The initial result of G20 is favorable towards it so I thought that it will be the start of another bullish chart but it is the opposite. Can someone enlighten me about the current situation of cryptocurrency?

This was expected to happen and the reason was not that of G20 results or something related to G20.The reasons were heavy selling is still going on near the resistance and if this going on then you can see few more 10% to 20% decline in bitcoin price chart. if the chart has to rise then this will be a double bottom and then we will see a good strong bullish candle and then a strong rally, and i think only time will prove my words right or wrong so it is better to leave on future time and till than just wait for the right direction to take some trade.

[xDispeLme]

I am also very interested in this question,even more interesting to me,as the air dropped to 400бaкcoв?if it cost 1,000 bucks?what is the reason?